Document:

Exhibit 10.4

 

Hirsch
International SALES REPRESENTATIVE AGREEMENT 

  

This Representative Agreement (the “Agreement”)
is entered into as of the April 1, 2014 (the "Effective Date") by and between Kornit Digital North America Inc.
("Kornit") and Hirsch International Corporation, a company incorporated under the laws of the state of Delaware,
having its principal place of business located at 490 Wheeler Road, Suite 285, Hauppauge, NY 11788 (“Representative”).

 

WHEREAS, Kornit has, develops and/or
manufactures the Products (as defined below); and

 

WHEREAS, Kornit wishes to sell
the Products non-exclusively through the Representative in accordance with the terms and conditions hereof; and

 

WHEREAS, Representative declares
and represents that he has the requisite knowledge, know-how, connections and expertise necessary in order to market and distribute
the Products in the Territory.

 

NOW THEREFORE, in consideration
of the promises and the mutual covenants herein contained, the parties hereto agree as follows.

 

1.      DEFINITIONS

 

1.1 “Intellectual Property Rights”
means any proprietary information of Kornit, including any ideas, whether or not patentable, inventions, discoveries, processes,
works of authorship, marks, names, know-how, industrial designs and any and all rights in such materials on a worldwide basis,
including any rights in patents, inventor's certificates, utility models, copyrights, moral rights, trade secrets, mask works,
trade names and marks and other analogous rights and any updated, modification, improvements, combinations, enhancements and alterations
thereto.

 

1.2 “Kornit” Kornit
Digital Ltd. and any entity controlling, controlled by, or under common control with it, including any of its subsidiary. Control
shall mean ownership of, or the right to acquire; (a) not less than fifty percent (50%) of the voting stock of a corporation,
(b) the right to vote not less than fifty percent (50%) of the voting stock of a corporation, or (c) not less than fifty percent
(50%) ownership interest in a partnership or other business entity.

 

1.3 "Kornit Products"
means the Machines, ink and other digital printer consumables, accessories (non –consumables) and upgrade kits specified
on Schedule A, as may be updated by Kornit at its sole discretion from time to time.

 

1.4 "Kornit T&C"
means Kornit's terms and conditions, attached hereto as Schedule B, which cover Kornit's terms and conditions which cover
the Product, in addition to any other agreement Customer has signed with either Kornit or the Representative with regards to such
purchase of Products and/or Services. Representative will ensure that such T&C are brought to the attention and agreement
of the Customers upon purchase of Products and will be an integral part of any such sale.

 

1.5 “Machine(s)” means
all Kornit line of Direct to Garment products, and any future models or machines of Kornit as shall be determined by Kornit in
its sole discretion.

 

1.6 “Minimum Sales Requirement”
means the sales requirements set forth in Schedule C.

 

1.7 "Net Receipts" means
Kornit’s price for Products the payments for which were actually received by Kornit less any special set-offs, allowances,
discounts, concessions, rebates and credits (for returns or otherwise), all of which may be granted by Kornit to Customers in
Kornit’s sole discretion.

 

1.8 "Price List" means
Kornit's price list for the Products attached hereto as Schedule D, as may be updated by Kornit from time to time at its
sole discretion. Kornit shall provide Representative a thirty (30) day prior notice of any such update.

 

1.9 “Territory” means
the territory specified in Schedule E.

 

    	*** Confidential treatment has been requested for redacted portions of this exhibit.  This copy omits the information subject to the confidentiality request.  Omissions are designated as [***].  A complete version of this exhibit has been provided separately to the Securities and Exchange Commission.

    	 

    

 

	2.	APPOINTMENT; OWNERSHIP.

 

For the term of this Agreement and subject
to the terms and conditions herein, Kornit hereby appoints Representative as: (i) its non-exclusive sales representative in the
Territory and authorizes Representative to advertise and market and provide Product orders to Kornit and, subject to Kornit’s
explicit written authorization in advance on a case by case basis, solicit orders for the sale of Products outside the Territory;.
For avoidance of doubt it is made clear that Kornit will be entitled to provide any services and/or support with regards to the
Product as it sees fit, whether by itself or through others, in the Territory either exclusively or non exclusively. This appointment
is personal to Representative and may not be assigned or transferred in any way, in whole or in part, nor may Representative appoint
sub-representatives, except with the advance written permission of Kornit.

 

	3.	TERM; RENEWAL

 

The term of this Agreement will commence
on the Effective Date and will continue for a period of three (3) years (“Initial Term”). Subject to Section
7 below and unless either party notifies that other party at least ninety (90) days in advance otherwise, after the expiration
of the Initial Period and any renewal period, as the case may be, this Agreement shall be automatically renewed for additional
periods of one (1) year each (each, a “Renewal Term”). For avoidance of doubt it is made clear that KORNIT
may update Schedules A, C and D on a yearly basis, and once updated and provided to Representative, such schedules will become
an integral part of this Agreement.

 

	4.	REPRESENTATIVE’S DUTIES AND GENERAL RESPONSIBILITIES

 

	4.1	Representative will:

 

(i) exert best efforts to seek out and
identify prospective customers, otherwise promote and obtain orders for the Products in the Territory and promptly and thoroughly
follow up inquiries, leads and correspondence furnished to Representative by Kornit. Representative will achieve the Minimum Sales
Requirement. ;

 

(ii) participate, present and display
the Products, at the expense of Representative, each year in at least one exhibition in the Territory, if there is such an exhibition
in the Territory in the field of textile or printing in such year. At Kornit request, the Products shall be also displayed in
an international exhibition in the Territory in the field of textile or printing. If the Products shall be also displayed in an
international exhibition outside the Territory, the costs related to the display of the Products in such exhibition shall be borne
by both parties as shall be agreed between the parties on a case by case basis; each participation in an exhibition shall be coordinated
with Kornit in advance.

 

(iii) Initiate and conduct promotional
campaigns including without limitation advertising campaigns, and prepare and distribute catalogs and manuals in the English language(s),
all of which shall be approved in advance by Kornit. The costs associated with such activities will be borne exclusively by Representative.
All promotional materials used by Representative will, unless Kornit otherwise directs, contain the name of Kornit.

 

(iv) advise its Customers that warranty,
according to the terms of the T&C, will be provided by Kornit and service and support services following such warranty period,
can be separately purchased directly from Kornit. .

 

(v) provide to Kornit quarterly written
reports on all of its marketing activities hereunder, including information regarding malfunctions, visits on Customers’
sites, including, information relating to any products or services in the Territory competing with the Products to which the Representative
is aware of and all other information which is likely to be of interest to Kornit in connection with the Products or the marketing
of the Products in the Territory, including any information which may be reasonably requested by Kornit from time to time.

 

(vi) at least forty five (45) days prior
to the end of any calendar year during the term hereof, provide Kornit with a written annual marketing plan which will describe
in reasonable detail Representative's plans for the marketing, promotion and service of the Products in the Territory for the
following year, including the personnel designated to perform the objectives of such annual marketing plan;

 

(vii) obtain, at Representative’s
cost and with Kornit’s reasonable assistance (which will be provided upon request), all necessary governmental approvals,
licenses, permits and consents in connection with the Representative’s obligations hereunder.

 

    	*** Confidential treatment has been requested for redacted portions of this exhibit.  This copy omits the information subject to the confidentiality request.  Omissions are designated as [***].  A complete version of this exhibit has been provided separately to the Securities and Exchange Commission.

    	 

    

 

(viii) advise, receive the agreement of,
and provide to every Customer purchasing a Product Kornit's T&C which cover the Products and the obligations and relationship
between Kornit and Customer. Kornit shall have no further obligations or relationship with Customer other than as specifically
stated in such T&C and all other relationships or claims to and from Customer shall be directed to and dealt with exclusively
by Representative.

 

(ix) Cooperate with KORNIT's CRM requirements.

 

4.2 Minimum Sales Requirement.
Representative shall comply with the Minimum Sales Requirements set forth in Schedule C.

 

	5.	KORNIT’S DUTIES

 

5.2 Delivery on Time. Kornit shall
deliver the Products in accordance with the time schedules specified in orders confirmed by Kornit.

 

5.3 Assistance. Without derogating
from Representative’s obligations herein, Kornit shall use its best efforts to assist Representative in the preparation
of marketing and exhibition materials as well as training Representative's sales employees, as it sees fit. Furthermore, Kornit
shall provide Representative with prompt responses to any reasonable written query forwarded by Representative in connection with
the Products.

 

	6.	COMMISSIONS; ORDERS

 

6.1 Sales Commission. Representative
will be entitled to a commission in the amount set forth on Schedule A for the sale of Machines during the Term, provided
that such sale (i.e. the execution of a definitive binding document between the Customer and Kornit for the sale of a Machine)
is the result of Representative's direct efforts and assistance and substantive introduction of the Products to the specific Customer
(i.e., meaningful and not merely formal or initial introduction along with active follow up, contact and liaison, including public
relation) (the “Sales Commission”). If Kornit is not paid by the Customer, for any reason, then no Sales Commission
is due to Representative.

 

6.2 Commissions Payment. Payment
of the Sales Commission will be made as set forth in Schedule A.

 

6.3 Orders and Quotations. Representative
will update Kornit in writing regarding sale price of Products to Customers before finalizing such sale. All orders for Products
will be subject to acceptance by Kornit in writing and to such terms and conditions as may be agreed between Kornit and the Customer.
Kornit reserves the right, in its sole and absolute discretion, to reject any order, decline to negotiate with any prospective
Customer or impose additional or different terms and conditions with respect to any proposed sale. Kornit will not incur any liability
to Representative by reason of such rejection, failure to negotiate or imposition of additional or different terms and conditions.
Representative will have no right or claim against Kornit, for Commission or otherwise, by reason of Kornit’s failure to
complete a sale or otherwise perform pursuant to the terms of an order. The Commissions provided for under this Section 6 will
constitute the total and exclusive compensation payable by Kornit to Representative hereunder.

 

	7.	TERMINATION; NON-EXCLUSIVE REMEDY; SURVIVAL; NO TERMINATION LIABILITY AND EFFECT
    OF TERMINATION 

 

7.1 Termination. Each party will
have the right to terminate this Agreement at any time if: (i) the other party breaches any material term of this Agreement and
fails to cure such breach within thirty (30) days after written notice thereof, or (ii) if the other party is or becomes insolvent,
or a party to any bankruptcy or receivership proceeding or any similar action affecting the financial condition of the party,
or seeks to make a compromise, arrangement or assignment for the benefit of its creditors, or ceases doing business in the normal
course for a period of at least sixty (60) days. Kornit may also terminate this Agreement immediately without notice or not renew
this Agreement upon expiration of the Initial Period if Representative (i) has not met its yearly sales requirements as set forth
in Schedule C, (ii) the parties do not agree on the Minimum Sales Requirement for the following Renewal Term, (iii) Representative
breaches its undertaking under Section 9.3, and particularly sale consumables and spare parts and accessories for the Machines
which were not provided to it by Kornit, and (iv) Representative fails to submit to Kornit on time or to comply with its annual
marketing plan for the Products.

 

7.2 Non-Exclusive Remedy. Termination
of this Agreement by either party will be a nonexclusive remedy for breach and will be without prejudice to any other right or
remedy of such party.

 

    	*** Confidential treatment has been requested for redacted portions of this exhibit.  This copy omits the information subject to the confidentiality request.  Omissions are designated as [***].  A complete version of this exhibit has been provided separately to the Securities and Exchange Commission.

    	 

    

 

7.3 Survival. The rights and obligations
of the parties contained in Sections 7, 8, 9, 10, 11, 12 and 13 will survive the termination of this Agreement.

 

7.4 No Termination Liability. Each
party understands that the rights of termination hereunder are absolute. Neither party will incur any liability or compensation
obligation whatsoever for any damage (including, without limitation, damage to or loss of goodwill or investment), loss or expenses
of any kind suffered or incurred by the other (or for any compensation to the other) arising from or incident to any termination
of this Agreement by such party that complies with the terms of the Agreement whether or not such party is aware of any such damage,
loss or expenses.

 

7.5 Effect of Termination. Upon
the expiration or earlier termination of this Agreement, Representative will, within ten (10) days after such expiration or termination
(i) advise Kornit by notice of all existing indications of interest by, and discussions with, potential Customers for Products,
and (ii) provide Kornit or any third party designated by it for such purpose, a detailed list specifying any activities that were
in process upon the expiration or termination of this Agreement, the status of any such activity and the status of payments due
in connection with any such activity and/or agreement. Upon the expiration or earlier termination of this Agreement, Representative
will also (i) immediately discontinue any use of the name, logotype, trademarks or slogans of Kornit and the trade names of any
of the Products; (ii) immediately discontinue all representations or statements from which it might be inferred that any relationship
exists between Kornit and Representative, and (iii) will cease to promote, solicit orders for or procure orders for Products (but
will not act in any way to damage the reputation of Kornit or any Product). In addition, Representative will immediately return
to Kornit at Representative’s expense, all catalogues and literature of Kornit then in Representative’s possession.

 

	8.	CONFIDENTIALITY

 

8.1 Definition. "Confidential
Information" means: (i) the Products and all Intellectual Property Right therein; (ii) the terms and conditions of this
Agreement; and (iii) any and all information and know-how of a private, secret or confidential nature, in whatever form,
that relates to the business, financial condition, products or technical information of Kornit and Representative, their affiliates,
customers, potential customers, suppliers or potential suppliers, provided or disclosed to the receiving party or which becomes
known to the receiving party, whether or not marked or otherwise designated as "confidential", "proprietary"
or with any other legend indicating its proprietary nature. Notwithstanding any failure to so identify disclosed information as
Confidential Information, (a) information pertaining to the software Product and documentation including without limitation, the
development status of the Product, the functionality of the Product, the appearance, content and flow of the software Product’s
user interface and the documentation will be deemed to be Confidential Information; and (b) any information disclosed in circumstances
of confidence, or would be understood by the parties, exercising reasonable business judgment, to be confidential, including information
viewed or learned by a party during a visit to the other party’s facilities, will be deemed Confidential Information.

 

8.2 Exclusions. Notwithstanding
the above, neither party will have liability to the other with regard to any Confidential Information of the other which the receiving
party can prove: (i) was publicly known at the time it was disclosed or has become publicly known through no fault of the receiving
party; (ii) was legally known to the receiving party, without restriction, at the time of disclosure; (iii) is disclosed with
the prior written approval of the disclosing party; (iv) became known to the receiving party, without restriction, from a source
other than the disclosing party, without breach of this Agreement by the receiving party and otherwise not in violation of the
disclosing party's rights; or (v) disclosed pursuant to the order or requirement of a court, administrative agency, or other governmental
body; provided, however, that the receiving party will provide prompt notice thereof to the disclosing party to enable the disclosing
party to seek a protective order or otherwise prevent or restrict such disclosure. The exceptions will not permit the receiving
party to disregard the obligations of confidentiality herein merely because individual portion(s) of the Confidential Information
may be found within such exceptions, or because the Confidential Information is implicitly but not explicitly disclosed in information
falling within such exceptions.

 

    	*** Confidential treatment has been requested for redacted portions of this exhibit.  This copy omits the information subject to the confidentiality request.  Omissions are designated as [***].  A complete version of this exhibit has been provided separately to the Securities and Exchange Commission.

    	 

    

 

8.3 Use and Disclosure Restrictions
Each party will treat as confidential all Confidential Information of the other party, will not use such Confidential Information
except as set forth herein, and will use reasonable efforts not to disclose such Confidential Information to any third party.
Without limiting the foregoing, each of the parties will use at least the same degree of care that it uses to prevent the disclosure
of its own confidential information of like importance to prevent the disclosure of Confidential Information disclosed to it by
the other party under this Agreement, but in no event will it use less than reasonable efforts. Each party will promptly notify
the other party of any actual or suspected misuse or unauthorized disclosure of the other party's Confidential Information.

 

	9.	INTELLECTUAL PROPERTY RIGHTS; NON COMPETE

 

	9.1	Intellectual Property Ownership.

 

(i)    All Intellectual
Property Rights in or related to the Products and related documentation, and any related design and manufacturing, as well as
any modification, adaptation or derivation thereof, are and will remain the exclusive property of Kornit and its licensors. Representative
hereby irrevocably agrees not to assert against Kornit or its direct or indirect customers, assignees or sub-licensees, any claim
of Intellectual Property Rights relating to the Products and/or the related documentation. Representative agrees that it will
not reverse engineer, decompile or perform any similar type of operation on the Products, in any fashion or for any purpose whatsoever.

 

(ii)         Kornit,
in its sole discretion, will determine what steps, if any, are to be taken with respect to any infringement or unauthorized use
of any Kornit Product, and any damages recovered will be payable firstly to Kornit, and then to Representative if the Representative
was damaged as well and Kornit is fully compensated for its damages. In no event will Kornit be obligated hereunder to commence
legal proceedings. Representative will not undertake any legal action or other steps of any kind to prevent or restrain any such
infringement or unauthorized use or collect damages resulting there from without Kornit's advance written permission.

 

9.2 Notice of Infringement. Representative
will promptly inform Kornit in reasonable detail of any alleged infringement of its Intellectual Property Rights in the Territory
it is aware of and assist Kornit at its request in the enforcement of its rights.

 

9.3 Non-Compete; No Solicitation.
During the term of this Agreement, and without KORNIT's prior written consent, Representative will not directly or indirectly:
(a) purchase and/or sell consumables, spare parts and accessories for the Machines other than from/through Kornit (b) shall not
interfere in any manner with the contractual or employment relationship between Kornit and any of its employees, consultants,
suppliers or customers; or (c) provide any service and/or support services to the Product.

 

Representative acknowledges that the restricted
periods of time and geographical area specified in subsection 9.3 above are reasonable, in view of the nature of the business
in which Kornit is engaged and Representative’s knowledge of Kornit’s technology, business, products, and services.
Notwithstanding anything contained hereunder to the contrary, if the time periods or the geographical area specified in subsection
9.3 should be determined to be unreasonable in any judicial proceeding, then the period of time and area of the restriction will
be reduced so that this Agreement may be enforced in such area and during such period of time as will be determined to be reasonable
by such judicial proceeding.

 

	10.	WARRANTY DISCLAIMER

 

KORNIT MAKES NO WARRANTIES TO REPRESENTATIVE
WITH RESPECT TO THE PRODUCTS OR ANY SERVICES AND DISCLAIMS ALL IMPLIED WARRANTIES, INCLUDING WARRANTIES OF MERCHANTABILITY, NONINFRINGEMENT
AND FITNESS FOR A PARTICULAR PURPOSE.

 

	11.	LIABILITY LIMITATION

 

KORNIT AND ITS THIRD PARTY SUPPLIERS WILL
NOT BE LIABLE TO REPRESENTATIVE WITH RESPECT TO ANY SUBJECT MATTER OF THIS AGREEMENT UNDER ANY CONTRACT, NEGLIGENCE, STRICT LIABILITY
OR OTHER LEGAL OR EQUITABLE THEORY, AND WHETHER OR NOT KORNIT HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGE, (I) FOR ANY
PUNITIVE, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES OR LOST DATA, OR OR (II) FOR ANY AMOUNTS IN EXCESS, IN THE AGGREGATE, OF
THE COMMISSIONS PAID OR OWED BY KORNIT TO REPRESENTATIVE HEREUNDER DURING THE TWELVE (12) MONTH PERIOD THAT PRECEDES THE DATE
THE CAUSE OF ACTION AROSE. THESE LIMITATIONS WILL APPLY EVEN IF ANY REMEDY FAILS OF ITS ESSENTIAL PURPOSE.

 

    	*** Confidential treatment has been requested for redacted portions of this exhibit.  This copy omits the information subject to the confidentiality request.  Omissions are designated as [***].  A complete version of this exhibit has been provided separately to the Securities and Exchange Commission.

    	 

    

 

	12.	INDEMNIFICATION

 

Representative will indemnify and hold
harmless Kornit and Kornit’s officers, directors, agents, and employees from and against any and all third party claims,
actions, demands, losses, liabilities, damages, or expenses (including, without limitation, reasonable attorneys' fees, experts'
fees, and other reasonable costs of litigation) brought against Kornit, arising out of or otherwise related to: (i) any breach
of this Agreement by Representative; (ii) Representative’s warranties or representations, whether express or implied, which
were not authorized by Kornit or any additional liability assumed by Representative with respect to the Products in excess of
that assumed by Kornit in this Agreement; or (iii) any misrepresentation, fraud, negligence or willful misconduct of Representative,
or its employees, contractors, or agents, with respect to any prospective or existing Customer or other third party or in connection
with Representative's performance under this Agreement. Kornit agrees to: (a) promptly notify Representative in writing of any
such action or claim; and (b) provide Representative with all assistance, information and authority required for the defense and
settlement of the action or claim. Representative will not be responsible for any settlement made without Representative’s
prior written consent, not to be unreasonably withheld, and Representative will have no right to bind Kornit or admit liability
by Kornit in any claim, or settlement thereof, without Kornit’s prior written consent, not to be unreasonably withheld.
Representative will have the option in its sole discretion to assume the defense of any such action or claim. If Representative
does not assume the defense within ten (10) days after Kornit’s notice to Representative of any third party action or claim,
then Kornit may undertake the defense of such third party action or claim at Representative’s expense.

 

	13.	MISCELLANEOUS PROVISIONS

 

13.1 Assignment. This Agreement
may not be assigned, by operation of law or otherwise, by Representative without the prior written consent of Kornit. Any purported
assignment is null and void. Kornit may assign or transfer this Agreement without Representative’s consent. Subject to the
foregoing, this Agreement will bind and inure to the benefit of the parties, their respective successors and permitted assigns.

 

13.2 Waiver and Amendment.
No modification, amendment or waiver of any provision of this Agreement will be effective unless in writing and signed by the
parties duly authorized representatives. The failure by either party to enforce any provision of this Agreement will not constitute
a waiver of future enforcement of that or any other provision.

 

13.3 Governing Law; Forum. This
Agreement will be governed by the laws of the State of New York, without reference to conflict of laws principles. The sole jurisdiction
and venue for actions related to the subject matter of this Agreement will be the in the competent courts of New York, New York.
Both parties consent to the jurisdiction of such courts with respect to any such actions.

 

13.4 Notices. All notices, demands
or consents required or permitted under this Agreement will be in writing. Notice will be considered effective on the earlier
of actual receipt or: (i) the day following transmission if sent by facsimile followed by written confirmation; (ii) one (1) day
(two (2) days for international addresses) after posting when sent via an express commercial courier; or (iii) five (5) days after
posting when sent via certified mail. Notice will be sent to the address for each party set forth on the first page of this Agreement,
or at such other address as will be given by either party to the other in writing. Notices to Kornit will be addressed to the
attention of: Chief Financial Officer.

 

13.5 Independent Contractors. The
parties to this Agreement are independent contractors and this Agreement will not establish any relationship of partnership, joint
venture, employment, franchise, or agency between the parties. Neither party will have the power to bind the other or incur obligations
on the other's behalf without the other's prior written consent.

 

13.6 No Conflicts. Representative
represents and warrants that neither this Agreement (or any provision hereof) nor the performance of or exercise of rights by
Representative under this Agreement, is restricted by, contrary to, or in conflict with any other agreement to which Representative
may be a party.

 

    	*** Confidential treatment has been requested for redacted portions of this exhibit.  This copy omits the information subject to the confidentiality request.  Omissions are designated as [***].  A complete version of this exhibit has been provided separately to the Securities and Exchange Commission.

    	 

    

 

13.7 Severability. If for any reason
a court of competent jurisdiction finds any provision of this Agreement invalid or unenforceable, that provision of the Agreement
will be enforced to the maximum extent permissible and the other provisions of this Agreement will remain in full force and effect.

 

13.8 Force Majeure. Neither
party will be liable to the other party for any failure or delay in performance due to causes beyond its reasonable control, including
but not limited to, labor disputes, strikes, lockouts, shortages of or inability to obtain labor, energy, raw materials or supplies,
war, riot, act of God or governmental action.

 

13.9 Entire Agreement; Headings.
This Agreement, including all Schedules and referenced documents, contains the complete understanding and agreement of the parties
and supersedes all prior or contemporaneous agreements or understandings, oral or written, relating to the subject matter herein.
Section headings are for convenience only and will not affect their interpretation.

 

13.10 Expenses. Except as
otherwise expressly set forth herein, each party will bear its own costs and expenses incurred in connection with its activities
under this Agreement

 

***

 

By signing below, the parties agree to
be bound by the terms and conditions of this Agreement. Any executed copy of this Agreement made by reliable means (e.g. photocopy
or facsimile) is considered an original.

 

	Representative:	 	Kornit:
	 	 	 	 	 
	By:	/s/ Paul E. Gallagher	 	By:	/s/ Paul Borucki
	 	 	 	 	 
	Name:	Paul E. Gallagher	 	Name:	Paul Borucki
	 	 	 	 	 
	Title:	CEO	 	Title:	Managing Director

 

    	*** Confidential treatment has been requested for redacted portions of this exhibit.  This copy omits the information subject to the confidentiality request.  Omissions are designated as [***].  A complete version of this exhibit has been provided separately to the Securities and Exchange Commission.

    	 

    

 

SCHEDULE
A

 

SALES
COMMISSIONS

 

Products & Commissions.

 

	Product	 	Sales Commission	 	Remarks
	Machinery	 	[***]% of Net Proceeds	 	Subject to schedule C
	Ink	 	[***]% of Net Proceeds	 	 
	Consumables; spare parts (post Warranty Period)	 	[***]% of Net Proceeds	 	 
	Accessories (non consumables) and upgrade Kits	 	[***]% of Net Proceeds	 	 

 

Kornit will periodically publish its price
list detailing the price for its end users (list price). The Representative will update Kornit in writing regarding the final
sale price of the Product to Customer.

 

2. Commissions Payment.

 

2.1 Sales Commission.

 

The sales commission will be  deducted
from the selling price in accordance with the above commission schedule A and the balance of the funds will be transferred to
Kornit Digital North America, Inc.

 

If a situation arises where machinery or supplies are sold
directly to a customer that is within a Representative territory and the Representative is entitled to a commission Kornit shall
pay Representative its Sales Commission thirty (30) days from receipt of full purchase price of the Machine against issuance of
an applicable invoice.

 

    	*** Confidential treatment has been requested for redacted portions of this exhibit.  This copy omits the information subject to the confidentiality request.  Omissions are designated as [***].  A complete version of this exhibit has been provided separately to the Securities and Exchange Commission.

    	 

    

 

SCHEDULE
B 

T&C

 

Product Use Terms and Conditions

 

PLEASE READ THE FOLLOWING TERMS CAREFULLY AS PURCHASING, LICENSING
AND/OR USING THE RELATED PRODUCTS, ADDITIONAL FEATURES OR PARTS SOFTWARE OR SERVICES INDICATES AGREEMENT WIT, AND ACCEPTANCE OF
THESE TERMS.

 

THESE ARE THE CURRENT TERMS AND CONDITIONS OF USE ("AGREEMENT")
OF KORNIT DIGITAL NORTH AMERICA ("KORNIT"), WHICH APPLY TO ANY PURCHASE OF KORNIT PRODUCTS, ADDITIONAL FEATURES OR PARTS,
LICENSES OF ACCOMPANYING SOFTWARE AND/OR PROVISION OF SERVICES INCLUDING ANY DOCUMENTATION THEREIN OR ATTACHED THERETO (“PRODUCTS”)
AND GOVERN YOUR, ON BEHALF OF YOURSELF AS AN INDIVIDUAL, YOUR EMPLOYER, OR ANYONE YOUR ACTING ON BEHALF OF INCLUDING ANY COMPANY
OR OTHER LEGAL ENTITY ("PURCHASER") RIGHTS OF USE OF ANY SUCH PRODUCTS, WHETHER PURCHASED DIRECTLY FROM KORNIT IN AN
ORDER FORM OR PURCHASE AGREEMENT OR THROUGH AN APPROVED THIRD PARTY REPRESENTATIVE OF KORNIT (THE "PRODUCTS").

 

BY EXECUTING AN ORDER FORM (EITHER DIRECTLY FROM KORNIT OR
THROUGH ONE OF KORNIT'S REPRESENTATIVES), PURCHASER AGREES TO THE TERMS OF THIS AGREEMENT. IF PURCHASER IS ENTERING INTO THIS
AGREEMENT ON BEHALF OF A COMPANY OR OTHER LEGAL ENTITY, PURCHASER REPRESENT THAT PURCHASER HAS THE AUTHORITY TO BIND SUCH ENTITY
AND ITS AFFILIATES TO THESE TERMS AND CONDITIONS, IF PURCHASER DOES NOT HAVE SUCH AUTHORITY, OR IF PURCHASER DOES NOT AGREE WITH
THESE TERMS AND CONDITIONS, PURCHASER MUST NOT MAKE ANY USE OF ANY OF THE PRODUCTS.

 

This Agreement is effective between Purchaser and KORNIT as
of the date of Purchaser purchasing any such KORNIT Products and is an integral part of any purchase agreement or Order Form.

 

1. DEFINITIONS

 

"Malicious Code" means viruses, worms, time
bombs, Trojan horses and other harmful or malicious code, files, scripts, agents or programs.

 

"Order Form" means the ordering documents
for purchase of Products, including addenda thereto, that are entered into between Purchaser, either directly with KORNIT or with
any of KORNIT's approved representatives. Order Forms shall be deemed as incorporating the terms of this Agreement as an integral
part of such Order Form. In case an Order Form is signed with a representative of KORNIT, KORNIT's sole liability and obligation
to Purchaser shall be as set forth in this Agreement or any other specific agreement signed directly with KORNIT and it shall
have no other liability or obligation to Purchaser under such Order Form not signed with KORNIT.

 

"Services" means Services that Purchaser purchases
or is entitled to receive as part of the Product purchase. Such Services can be received from either KORNIT or KORNIT's approved
representative, as agreed between the Parties. In case Purchaser Services are to be received from a representative of KORNIT,
KORNIT's sole liability and obligation to Purchaser shall be as set forth in this Agreement or any other specific agreement signed
directly with KORNIT and it shall have no other liability or obligation to Purchaser for such Services not signed with KORNIT.

 

"General Use Data" means operational and technical
information only that is received through a remote support system. Such operational and technical information is required for
monitoring and improving performance and efficiency, as well as for solving operational issues and maintenance. It will include
productivity, utilization, ink consumption, maintenance profiles, errors and malfunctions. The system will not pull sensitive
or private information and will not share with any other third party company.

 

    	*** Confidential treatment has been requested for redacted portions of this exhibit.  This copy omits the information subject to the confidentiality request.  Omissions are designated as [***].  A complete version of this exhibit has been provided separately to the Securities and Exchange Commission.

    	 

    

 

2. THIRD-PARTY PROVIDERS AND AUTHORIZED REPRESENTATIVES

 

We may offer Products and/or Services for such Products under
Order Forms or other purchase or service agreements signed directly with KORNIT or through any of our approved representatives.
Any acquisition by Purchaser of third-party products or services, including but not limited to Products, transportation, insurance,
training, maintenance services, implementation, installation, support, customization, and other Services, and any exchange of
data between Purchaser and any third-party provider/approved representative, is solely between Purchaser and the applicable third-party
provider/approved representative, according to the specific terms signed between Purchaser and third-party provider/approved representative.
KORNIT does not warrant or support third-party products or services, including Products purchased through KORNIT approved representatives,
whether or not they are designated by KORNIT as “certified” or otherwise, except as specified herein or in an Order
Form, purchase agreement or service agreement signed directly with KORNIT. In those cases, all such warranties, support and services
not specifically detailed in this Agreement will be received directly from such third party provider/approved representative.

 

3. GENERAL USE DATA

 

3.1 Purchaser hereby confirms that it are aware that the Software
within the Products shall include the ability to collect and store General Use Data. Unless un-enabled by Purchaser, Purchaser
acknowledges that KORNIT may directly or through its allowed representatives access and retrieve General Use Data from such Products
through wireless connections or direct access to the Products. The Products shall allow Purchaser to restrict such access by restricting
the enabling of access to such General Use Data.

 

3.2 Ownership of General Use Data. As
between KORNIT and Purchaser, Purchaser exclusively owns all rights, title and interest in and to all of General Use Data.

 

3.3 KORNIT shall have a royalty-free, worldwide, transferable,
sublicenseable, irrevocable, perpetual license to use the General Use Data including to incorporate any outcomes learned from
such General Use Data or incorporate into the Products, Services of KONRIT's business any suggestions, enhancement requests, recommendations
or other feedback provided by Purchaser or resulting from the General Use Data. All such enhancements, modification, improvements
and/or new inventions or ideas, other then the General Use Data itself, shall be fully owned by KORNIT and Purchaser hereby waive
any rights to such matters. Should KORNIT develop any Product of Service enhancements based on the studying of such General Use
Data or otherwise, such Product and/or Service enhancements may be offered to Purchaser in the future in order to enhance and
expand the use ability and features of the Products.

 

4. RISK, TITLE AND PROPRIETARY RIGHTS

 

4.1 The Products shall remain the property of KORNIT unless
and until KORNIT receives all payments due for the goods; provided, however, that the Purchaser shall be entitled to use the Products
in Purchaser's ordinary course of business before such full payment. Before KORNIT has received full payment, Purchaser shall
not sell, lease or otherwise dispose of the Products, shall take proper care of the Products, and shall keep them at the initial
installation site free and clear of liens, pledges, security interests and rights of others whatsoever. Purchaser shall keep the
Products in good working order and insured against all risks of loss or damage for KORNIT and shall inform the landlords of the
site that KORNIT is the owner of the Products. KORNIT shall have the right to repossess, access, reclaim possession and/or re-sell
the Products until KORNIT has received all payments therefor. Purchaser agrees to comply with any local formality which may be
required in order to register or enforce KORNIT’s retention of property as provided herein. Even upon transfer of title
in the Products, Purchaser shall undertake to comply with all restrictions set forth herein with regards to the Products, including
specifically in section 5.4 hereafter.

 

4.2 Notwithstanding the above, KORNIT owns and/or reserves
all rights, title and interest to all intellectual property including the ideas, concepts, techniques, inventions, technologies,
processes, methodologies, patents, and rights in and to the Products and to any software, programs (and all images, photographs,
animations, video, audio, music and text incorporated into the Products) (the "Software"), trademarks, copyrights and
trade names relating to and in the Products and their creation and all modifications, improvements or changes therein or thereto
(all jointly, including the Software, "KORNIT Intellectual Property Rights"). In addition and without derogating
from anything ot the contrary, Purchaser acknowledge and agree that the program code, technical documentation, specifications,
instructions, structure, sequence and organization of the Software, including the Software itself are a valuable proprietary right
of KORNIT. Purchaser acknowledge and agree that the Software is licensed and not sold to Purchaser and that all ownership of,
and title to, the Software and documentation and all subsequent copies thereof regardless of the form or media are held by KORNIT.
Purchaser never acquire title to KORNIT’s Intellectual Property Rights or Software.

 

    	*** Confidential treatment has been requested for redacted portions of this exhibit.  This copy omits the information subject to the confidentiality request.  Omissions are designated as [***].  A complete version of this exhibit has been provided separately to the Securities and Exchange Commission.

    	 

    

 

5. SOFTWARE LICENSE

 

5.1 KORNIT grants Purchaser a nonexclusive, nontransferable,
revocable and limited license to use the accompanying Software program(s) in executable form and accompanying documentation (the
“Documentation”), subject to the terms and restrictions set forth in this Agreement for its own internal purposes
and solely in conjunction with the use of the Products to which it relates. Purchaser acknowledges that the Software may also
be subject to additional terns and conditions set forth in executable or electronic license agreements, which shall control and
govern all such licensed Software. All rights not expressly granted herein or therein are reserved to KORNIT. Purchaser is not
permitted to directly or indirectly, modify, enhance, adapt, translate, make improvements, create derivative works of, disassemble,
decompile, reverse engineer, reduce to any human or machine perceivable form, or circumvent any technological measures that control
access to or permit derivation of the source code of the Software or any part thereof; copy, sell, assign, lease, rent, transfer,
assign, distribute or sublicense the Software or Documentation or to use the Software or Documentation in a time-sharing arrangement
or in any other unauthorized manner nor permit any other party to do any of the foregoing, or make use of the Software as a stand
alone, including in any way which is not an integral built in part of the Products. Further, no license is granted to Purchaser
in the human readable code of the Software (source code).This Agreement does not grant Purchaser any rights to patents, copyrights,
trade secrets, trademarks, KORNIT's Intellectual Property Rights or any other rights with respect to the Software or Documentation
other then those specifically stated herein.

 

5.2 Until the Products are paid for in full, Purchaser shall
be providde the Software code required to operate the Products, provided, Purchaser is not in default of its obligations hereunder.
KORNIT or anyone on its behalf is not obligated to provide Purchaser with the Software code if Purchaser is in default of any
of Purchaser obligations, including payment obligations. Upon full payment, Purchaser shall be provided with a permanent Software
code.

 

5.3 Subject to the restrictions set forth herein, the Software
is licensed to be used on one Product purchased by Purchaser or leased to Purchaser, for Purchaser internal use.

 

6. USE RESTRICTIONS.

 

Notwithstanding anything to the contrary, Purchaser shall not
(i) permit any third party to access the Software except as permitted herein; (ii) create derivate works based on the Products
and/or the Software; (iii) copy, frame or mirror any part or content of the Products and/or Software, other than copying or framing
on Purchaser own intranets or otherwise for Purchaser own internal business purposes; (iv) reverse engineer the Products and/or
Software, or any compositions made using the Products ;(v) access the Software and/or Products in order to (a) build a competitive
product or service, or (b) copy any features, functions or graphics of the Products and/or Software; (vi) change, distort or delete
any patent, copyright or other proprietary notice which appear on or in the Product (or in the Software); or (vii) operate or
make use of the Products in any way that may violate any applicable law or regulation or take or permit any other action that
may impair KORNIT's rights or damage the image or reputation of quality inherent in the Products, KORNIT's business, reputation,
KORNIT's Intellectual Property or other valuable assets or rights. In the event Purchaser rents, leases, sells or otherwise transfers
the Products to a third party, Purchaser agrees that it will require such third party to be bound by Section 3 (General Data Use),
Section 4 (Title and Proprietary Rights), Section 5 (Software) and Section 6 (Use Restrictions) hereof as a condition of such
sale, rental, lease or other transfer.

 

7. CONFIDENTIALITY

 

Purchaser shall keep confidential the terms and conditions,
including the commercial terms, at which Products, Services or consumables are sold, any information, drawings, designs or manual
received from KORNIT or anyone on its behalf in connection with the Products and either marked as “confidential” or
“proprietary” or which should reasonably be deemed as such, and shall not disclose such information to a third-party,
except as required by law, provided, that Purchaser give KORNIT prompt notice thereof so that KORNIT may seek a protective order
or other appropriate remedy, and further provided, that if the same is not obtained, Purchaser shall furnish only that portion
of the information which is legally required.

 

8. WARRANTIES AND DISCLAIMERS

 

8.1. KORNIT Warranties. KORNIT warrants that
for a period of twelve (12) months from the actual date of installation of the Products (unless otherwise defined in the Order
Form when purchased directly from KORNIT) (the “Warranty Period”), each component thereof shall substantially meet
the KORNIT specifications, although KORNIT does not warrant uninterrupted or error-free operation. During the Warranty Period,
KORNIT shall repair or replace, at KORNIT’s option, any component found to contain defects in materials or workmanship with
new or refurbished parts. Repairs or replacements of parts under warranty shall be at KORNIT’s expense, except that KORNIT
shall charge the Purchaser for any expenses and travel costs incurred in connection therewith. The Purchaser undertakes to return
to KORNIT any replaced component, within thirty (30) days from the replacement thereof, and KORNIT will be entitled to invoice
the Purchaser for components not returned pursuant to the foregoing terms.

 

    	*** Confidential treatment has been requested for redacted portions of this exhibit.  This copy omits the information subject to the confidentiality request.  Omissions are designated as [***].  A complete version of this exhibit has been provided separately to the Securities and Exchange Commission.

    	 

    

 

8.2 KORNIT's obligations hereunder shall not apply to maintenance,
repair or replacement necessitated in whole or in part by: (i) catastrophe, fault or negligence of the Purchaser; (ii) improper
or unauthorized use such as without limitation, use of improper or non-conforming thinner, solvents, inks or other consumables,
alteration, modification; (iii) installation, modification or repair other than by KORNIT or its authorized technical representatives;
or (iv) deviation from recommended maintenance procedures, removal of the Products from the original installation site, unusual
stress, power failure or failure to maintain the prescribed environmental conditions at the installation site.

 

8.3 All warranties applicable to the Software are as stated
in the product manual or in the Software itself, whether in paper or electronic form, accompanying the Software. Except as expressly
stated therein, the Software is licensed to Purchaser “as is,“ without warranty of any kind and KORNIT disclaim all
warranties, express or implied, including without limitation the warranties of merchantability, fitness for a particular purpose,
title, and noninfringement of third-party rights.

 

8.4 Following the Warranty Period, Purchaser shall be entitled
to purchase additional service and support according to terms to be agreed on between Purchaser and Kornit in a separate agreement.

 

8.5 Specifications. KORNIT reserves the right to modify
the specifications of the Products and Software, provided, that any such modification shall not adversely affect the performance
thereof.

 

8.6 Mutual Warranties. Each party represents and warrants
that (i) it has the legal power to enter into this Agreement, and (ii) it will not transmit to the other party any Malicious Code.

 

8.7. Disclaimer. EXCEPT AS SPECIFICALLY SET FORTH
IN SECTION 8.1 ABOVE, KORNIT MAKES NO WARRANTIES OF ANY KIND, EXPRESS, IMPLIED, STATUTORY OR OTHERWISE WITH RESPECT TO THE PRODUCTS,
SOFTWARE AND/OR SERVICES, AND EXPRESSLY DISCLAIMS ANY SUCH WARRANTIES INCLUDING WITHOUT LIMITATION ANY EXPRESS, STATUTORY OR IMPLIED
WARRANTIES OF MERCHANTABILITY, NON-INFRINGEMENT, OR FITNESS FOR A PARTICULAR PURPOSE. PURCHASER UNDERSTAND AND AGREE THAT ALL
WARRANTIES IMPLIED BY APPLICABLE LAWS ARE EXCLUDED FROM THIS SALE AND LICENSE. PURCHASER ASSUME ALL RISKS, IF ANY, INCLUDING RISKS
OF INJURY, LOSS OR DAMAGE, WHETHER DIRECT, CONSEQUENTIAL, OR INDIRECT, ARISING OUT OF THE USE, MISUSE, OR INABILITY TO USE THE
PRODUCTS AND/OR SOFTWARE. KORNIT SHALL NOT BE LIABLE FOR ANY INCIDENTAL, INDIRECT, SPECIAL, CONSEQUENTIAL, EXEMPLARY OR RELIANCE
DAMAGES, LOSSES OR EXPENSES (INCLUDING WITHOUT LIMITATION LOSS OF PROFIT, OR COSTS OF PROCUREMENT OF SUBSTITUTE GOODS OR SERVICES,
OR LOSS OF USE) RELATING TO OR ARISING HEREUNDER, HOWEVER CAUSED, AND WHETHER BASED ON CONTRACT, TORT, EQUITY OR ANY OTHER THEORY
OF LIABILITY WHATSOEVER, EVEN IF KORNIT WAS NOTIFIED OR OTHERWISE AWARE OF THE POSSIBILITY OF SUCH DAMAGES, LOSSES OR EXPENSES.
THE REMEDIES PROVIDED HEREIN, IF ANY, ARE PURCHASERR SOLE AND EXCLUSIVE REMEDIES. KORNIT'S MAXIMUM LIABILITY FOR DAMAGES HEREUNDER
SHALL BE LIMITED TO THE CONSIDERATION PAID TO KORNIT FOR THE SPECIFIC PRODUCT(S) GIVING RISE TO A CLAIM AGAINST KORNIT.

 

9. MUTUAL INDEMNIFICATION

 

9.1. Indemnification by KORNIT. KORNIT shall
defend Purchaser against any claim, demand, suit, or proceeding (" Claim") made or brought against Purchaser
by a third party alleging that the use of the Products as permitted hereunder infringes or misappropriates the intellectual property
rights of a third party, and shall indemnify Purchaser for any damages finally awarded against, and for reasonable attorney’s
fees incurred by Purchaser in connection with any such Claim; provided, that Purchaser (a) promptly gives KORNIT written notice
of the Claim; (b) gives KORNIT sole control of the defense and settlement of the Claim; and (c) provides to Kornnit all reasonable
assistance, at KORNIT expense. KORNIT may, at its sole option and expense, procure for Purchaser the right to continue using the
Products and/or Sofwtare; replace or modify any component so that the Products and/or Software are rendered non-infringing; or
refund the price actually paid by Purchaser after deducting therefrom twenty percent (20%) for each year or portion thereof that
shall have elapsed from the date of the purchase. Notwithstanding the above, KORNIT shall have no obligation or liability hereunder
with respect to a suit or claim based on the use of the Products in a manner for which it was not designed, for any changes, modification
or amendments made by anyone other then Kornit itself or for any Claim arising due to the use of the Products in combination with
any other software, product or means, where without such use, the Product itself would not be regarded to as infringing.

 

    	*** Confidential treatment has been requested for redacted portions of this exhibit.  This copy omits the information subject to the confidentiality request.  Omissions are designated as [***].  A complete version of this exhibit has been provided separately to the Securities and Exchange Commission.

    	 

    

 

9.1 Indemnification by Purchaser. Purchaser shall
defend KORNIT against any Claim made or brought against KORNIT by a third party alleging that Purchaser's use of the Products
(and not the Products themselves as covered by Section 9.1 above), including in violation of this Agreement, infringes or misappropriates
the intellectual property rights of a third party or violates applicable law, and shall indemnify KORNIT for any damages finally
awarded against, and for reasonable attorney’s fees incurred by, KORNIT in connection with any such Claim; provided, that
KORNIT (a) promptly gives Purchaser written notice of the Claim; (b) givse Purchaser sole control of the defense and
settlement of the Claim (provided that Purchaser may not settle any Claim before receipt of prior written approval form KORNIT
to such settelment); and (c) provide to Purchaser all reasonable assistance, at Purchaser expense.

 

9.2. Exclusive Remedy. This Section 9 (Mutual
Indemnification) states the indemnifying party’s sole liability to, and the indemnified party’s exclusive remedy against,
the other party for any type of Claim described in this Section.

 

10. LIMITATION OF LIABILITY

 

10.1 IN NO EVENT SHALL EITHER PARTY'S AGGREGATE LIABILITY ARISING
OUT OF OR RELATED TO THIS AGREEMENT, WHETHER IN CONTRACT, TORT OR UNDER ANY OTHER THEORY OF LIABILITY, EXCEED THE TOTAL AMOUNT
PAID BY PURCHASER HEREUNDER.

 

10.2. Exclusion of Consequential and Related Damages.
IN NO EVENT SHALL EITHER PARTY HAVE ANY LIABILITY TO THE OTHER PARTY FOR ANY LOST PROFITS OR REVENUES OR FOR ANY INDIRECT,
SPECIAL, INCIDENTAL, CONSEQUENTIAL, COVER OR PUNITIVE DAMAGES HOWEVER CAUSED, WHETHER IN CONTRACT, TORT OR UNDER ANY OTHER THEORY
OF LIABILITY, AND WHETHER OR NOT THE PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. THE FOREGOING DISCLAIMER SHALL
NOT APPLY TO THE EXTENT PROHIBITED BY APPLICABLE LAW.

 

11. TERMINATION

 

11.Termination of Agreement. The rights granted
hereunder are perpetual unless terminated earlier as specified hereafter KORNIT reserves the right to terminate and revoke this
Agreement and terminate its relationship with Purchaser at any time following Purchaser's breach of any of the terms herein, and
such termination shall be effective immediately upon such written notice to Purchaser. Upon such termination, Purchaser shall
immediately cease any use of the Sofwtare, including that embedded within the Products, delete or destroy all copies in its possession.

 

11.2 Surviving Provisions. 2(Third Party Providers),
3(General Use of Data), 4 (Risk, Title and Proprietary Rights), 6 (Use Restrictions, 7 (Confidentiality), 8.3 (Disclaimer), 9
(Mutual Indemnification), 10 (Limitation of Liability), 12 (General Provisions) and any other clauses which by they're nature
should survive termination, shall survive any termination or expiration of this Agreement.

 

12. GENERAL PROVISIONS

 

12.1 Force Majeure. KORNIT shall not be liable for any
delay or failure in the performance of its obligations, when such delay or failure results in whole or in part from shortages
or disruption in the supply of materials from KORNIT’s usual sources, shortage of KORNIT’s usual means of transport,
floods, fire, other acts of God or due to criminal intention, war, riot, civil insurrection, strikes, lock-outs, industrial unrest,
accident, inclement weather, acts of civil or military authorities, or circumstances beyond KORNIT’s reasonable control,
preventing, delaying or hindering performance.

 

12.2 Notices. Any notice shall be in writing and shall
be deemed to have been duly given five (5) business days after being mailed by prepaid registered air mail, or one (1) business
day after being transmitted by fax or email as confirmed by an electronically printed confirmation of date and time, or manually
delivered, addressed to the respectively applicable addresses of the Customer and KORNIT.

 

12.3. Governing Law; Jurisdiction. This Agreement shall
be governed, construed and enforced in accordance with the laws of the State of Israel, without regard to the conflict of laws
rules. The Customer agrees that the United Nations Convention for the Sale of Goods shall not apply to this Agreement and the
goods sold under the Order. Any controversy or claim arising under, out of, or in connection with the terms hereunder are hereby
submitted to the sole and exclusive jurisdiction of the competent courts located in Tel Aviv, Israel.

 

    	*** Confidential treatment has been requested for redacted portions of this exhibit.  This copy omits the information subject to the confidentiality request.  Omissions are designated as [***].  A complete version of this exhibit has been provided separately to the Securities and Exchange Commission.

    	 

    

 

12.4 Provisions Separable. If one or more provisions
of this Agreement shall be held invalid, this shall not affect the validity of the other provisions. In such an event, the invalid
provisions shall be replaced by provisions that deviate therefrom as little as possible.

 

12.5 Waiver and Amendment. This Agreement may be amended,
modified, superseded, canceled, renewed, extended or waived only in written instrument signed by KORNIT’s Managing Director.
The waiver by KORNIT of a breach of any provision of this Agreement shall not operate as a waiver of any subsequent breach.

 

12.6 Export Compliance. Each party shall comply
with the export laws and regulations of the United States and other applicable jurisdictions in providing and using the Services.
Without limiting the foregoing, (i) each party represents that it is not named on any U.S. government list of persons or entities
prohibited from receiving exports, and (ii) Purchaser shall not permit Users to access or use Products in violation of any U.S.
export embargo, prohibition or restriction.

 

12.7 Relationship of the Parties. The parties are independent
contractors. This Agreement does not create a partnership, franchise, joint venture, agency, fiduciary or employment relationship
between the parties.

 

12.8 No Third-Party Beneficiaries. There are
no third-party beneficiaries to this Agreement.

 

12.9 Assignment. Purchaser may not assign any
of Purchaser's rights or obligations hereunder, whether by operation of law or otherwise, without the prior written consent of
KORNIT.

 

12.10 Entire Agreement. This Agreement, including all
exhibits and addenda hereto, and purchase agreement or any and all Order Forms it is an integral part of, constitutes the entire
agreement between the parties and supersedes all prior and contemporaneous agreements, proposals or representations, written or
oral, concerning its subject matter. No modification, amendment, or waiver of any provision of this Agreement shall be effective
unless in writing and either signed or accepted electronically by the party against whom the modification, amendment or waiver
is to be asserted. However, to the extent of any conflict or inconsistency between the provisions in the body of this Agreement
and any purchase agreement, exhibit or addendum hereto or any Order Form, the terms of this Agreement shall prevail.

 

    	*** Confidential treatment has been requested for redacted portions of this exhibit.  This copy omits the information subject to the confidentiality request.  Omissions are designated as [***].  A complete version of this exhibit has been provided separately to the Securities and Exchange Commission.

    	 

    

 

SCHEDULE
C

 

Yearly
Sales Requirements

 

The minimum yearly sales requirement for the territories mentioned
in Schedule E is:

 

	 	1.	Machine sales of $[***].00 in US Funds

	 	2.	Inks and Consumables sales of $[***].00 in US Funds

 

Projected Sales Plan* – 2014 (units):

 

	System	 	Q1	 	Q2	 	Q3	 	Q4	 	Total
	Breeze	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	Thunder	 	[***]	 	[***]	 	 	 	 	 	[***]
	Paradigm	 	 	 	[***]	 	[***]	 	[***]	 	[***]
	Storm II	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	Avalanche	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]
	Avalanche DC	 	 	 	[***]	 	 	 	 	 	[***]
	Avalanche 1000	 	[***]	 	[***]	 	[***]	 	 	 	[***]
	Avalanche Hexa	 	 	 	 	 	[***]	 	[***]	 	[***]
	TOTAL 2014	 	[***]	 	[***]	 	[***]	 	[***]	 	[***]

 

This projected sales plan is based on a projection and the
exact number of machines may vary from this plan. The yearly sales requirement listed above is the goal on which Hirsch will be
measured as meeting their target.

 

    	*** Confidential treatment has been requested for redacted portions of this exhibit.  This copy omits the information subject to the confidentiality request.  Omissions are designated as [***].  A complete version of this exhibit has been provided separately to the Securities and Exchange Commission.

    	 

    

 

SCHEDULE
D

 

Recommended Price List

 

	Product	 	List Price ($)
	Kornit Breeze	 	$[***].00
	Kornit Thunder	 	$[***].00
	Kornit Paradigm II	 	$[***].00
	Kornit Storm II	 	$[***].00
	Kornit Avalanche	 	$[***].00
	Kornit Avalanche DC Pro	 	$[***].00
	Kornit Avalanche 1000	 	$[***].00
	Kornit Avalanche Hexa	 	$[***].00
	Ink White 150 ML	 	$[***].00 per bottle
	Ink CMYK 150 ML	 	$[***].00 per bottle
	Ink White 1.5 Liter	 	$[***].00 per bottle
	Ink CMYK 1.5 Liter	 	$[***].00 per bottle
	Ink Red / Green 1.5 Liter	 	$[***].00 per bottle
	Ink Discharge 1.5 Liter	 	$[***].00 per bottle
	Fixation 1 Gallon	 	$[***].00 per gallon
	Consumables; spare parts (post Warranty Period)	 	According to the Uptime kit
	Accessories (non consumables) and upgrade Kits	 	According to the Uptime kit

 

The terms of sale are on the following payment schedule:

 

    	*** Confidential treatment has been requested for redacted portions of this exhibit.  This copy omits the information subject to the confidentiality request.  Omissions are designated as [***].  A complete version of this exhibit has been provided separately to the Securities and Exchange Commission.

    	 

    

 

10% due with purchase order, 55% due prior to shipping and
35% due upon completion of installation unless otherwise determined in the price quotation.

 

* Prices do not include VAT.

* Prices are subject to changes

 

    	*** Confidential treatment has been requested for redacted portions of this exhibit.  This copy omits the information subject to the confidentiality request.  Omissions are designated as [***].  A complete version of this exhibit has been provided separately to the Securities and Exchange Commission.

    	 

    

 

SCHEDULE
E

TERRITORY

 

“Territory” shall mean the following territories:

 

Washington, Oregon, California, Arizona, Main, New Hampshire,
Vermont, Massachusetts, Rhode Island, Connecticut, New York, Pennsylvania, Michigan, Indiana, Ohio, Kentucky, West Virginia, Virginia,
New Jersey, Delaware, Maryland, Tennessee, North Carolina, South Carolina, Mississippi, Alabama, Georgia, Florida and including
the Canadian provinces of Ontario, Quebec, Newfoundland, New Brunswick, Nova Scotia

 

    	*** Confidential treatment has been requested for redacted portions of this exhibit. This copy omits the information subject to the confidentiality request. Omissions are designated as [***]. A complete version of this exhibit has been provided separately to the Securities and Exchange Commission.Exhibit 10.5

 

SPECTRA PRINTING

OEM SUPPLY AGREEMENT

 

“THIS OEM SUPPLY AGREEMENT (“Agreement”)
is made and entered into as of this 6th day of January, 2006 (“Effective Date”) by and between SPECTRA PRINTING, a
division of DIMATIX, INC. (“Spectra”), having a place of business at 109 Etna Road, Lebanon, New Hampshire 03766-1422,
a corporation organized under the laws of the State of Delaware, U.S.A., and Kornit Digital Ltd. (“Kornit”), also
referred to as “Customer” in the Schedules to this Agreement), having a place of business at 5 David Navon Street,
POB 8406, Moshav Magshimim 56910, Israel and organized under the laws of Israel, collectively the “Parties”.

 

WHEREAS Kornit wishes to procure certain
Spectra Products for integration with Kornit Product.

 

NOW THEREFORE, the Parties hereby agree
as follows:

 

		1.	DEFINITIONS

 

		1.1	“Affiliate” means any
                                         corporation, partnership, association, or other entity with respect to which a party,
                                         directly or indirectly through a subsidiary, has not less than a majority beneficial
                                         ownership, but only if that corporation, partnership, association, or other entity expressly
                                         agrees in writing to be bound by this Agreement, and only while that ownership relationship
                                         exists.

 

		1.2	“Kornit Product” means
                                         a digital printer, printing system or Print Engine, designed, manufactured or marketed
                                         by or on behalf of Kornit, on a retail, distribution or OEM sales basis, which incorporates
                                         one or more Printhead(s) that have been purchased from Spectra.

 

		1.3	“Certified Ink” means
                                         an Ink which has achieved certain standards and test results in accordance with the then
                                         current procedures defined by Spectra.

 

		1.4	“Hardware” means Printheads,
                                         printing assemblies and other ink jet devices supplied by Spectra to Kornit.

 

		1.5	“Ink” means printing
                                         inks and other materials, which are jetted by Printheads.

 

		1.6	“Print Engine” means
                                         a device comprised of: (i) components for moving and controlling the movement of the
                                         Printhead and print media, paper path, and ink supply components (collectively, the “Mechanism”);
                                         (ii) a Printhead; and (iii) a power supply, and covers.

 

		1.7	“Printhead” means a
                                         piezoelectric device with multiple jets that eject droplets of Ink on demand.

 

		1.8	“Products” means Hardware
                                         and Spectra Ink supplied by Spectra to Kornit.

 

*** Confidential treatment has been requested
for redacted portions of this exhibit. This copy omits the information subject to the confidentiality request. Omissions are designated
as [***]. A complete version of this exhibit has been provided separately to the Securities and Exchange Commission.

 

    	1

    	 

    

 

		1.9	“Reserved Markets”
                                         means those fields and/or applications defined in Schedule 3.

 

		1.10	“Spectra Ink” means
                                         Ink manufactured by or on behalf of Spectra.

 

		1.11	“Term” means the period
                                         beginning on the Effective Date and ending on the date on which this Agreement terminates
                                         under Section 6,

 

*** Confidential treatment has been requested
for redacted portions of this exhibit. This copy omits the information subject to the confidentiality request. Omissions are designated
as [***]. A complete version of this exhibit has been provided separately to the Securities and Exchange Commission.

 

    	2

    	 

    

 

SPECTRA PRINTING

OEM SUPPLY AGREEMENT

 

THIS OEM SUPPLY AGREEMENT (“Agreement”)
is made and entered into as of this 6th day of January, 2005 (“Effective Date”) by and between SPECTRA PRINTING, a
division of DIMATIX, INC. (“Spectra”), having a place of business at 109 Etna Road, Lebanon, New Hampshire 03766-1422,
a corporation organized under the laws of the State of Delaware, U.S.A., and Kornit Digital Ltd. (“Kornit”), also
referred to as “Customer” in the Schedules to this Agreement), having a place of business at 5 David Navon Street,
POB 8406, Moshav Magshimim 56910, Israel and organized under the laws of Israel, collectively the “Parties”.

 

WHEREAS Kornit wishes to procure certain
Spectra Products for integration with Kornit Product.

 

NOW THEREFORE, the Parties hereby agree
as follows:

 

		1.	DEFINITIONS

 

		1.1	“Affiliate” means
                                         any corporation, partnership, association, or other entity with respect to which a party,
                                         directly or indirectly through a subsidiary, has not less than a majority beneficial
                                         ownership, but only if that corporation, partnership, association, or other entity expressly
                                         agrees in writing to be bound by this Agreement, and only while that ownership relationship
                                         exists.

 

		1.2	“Kornit Product” means
                                         a digital printer, printing system or Print Engine, designed, manufactured or marketed
                                         by or on behalf of Kornit, on a retail, distribution or OEM sales basis, which incorporates
                                         one or more Printhead(s) that have been purchased from Spectra.

 

		1.3	“Certified Ink” means
                                         an Ink which has achieved certain standards and test results in accordance with the then
                                         current procedures defined by Spectra.

 

		1.4	“Hardware” means Printheads,
                                         printing assemblies and other ink jet devices supplied by Spectra to Kornit.

 

		1.5	“Ink” means printing
                                         inks and other materials, which are jetted by Printheads.

 

		1.6	“Print Engine” means
                                         a device comprised of: (i) components for moving and controlling the movement of the
                                         Printhead and print media, paper path, and ink supply components (collectively, the “Mechanism”);
                                         (ii) a Printhead; and (iii) a power supply and covers.

 

		1.7	“Printhead” means
                                         a piezoelectric device with multiple jets that eject droplets of Ink on demand.

 

		1.8	“Products” means Hardware
                                         and Spectra Ink supplied by Spectra to Kornit.

 

*** Confidential treatment has been requested
for redacted portions of this exhibit. This copy omits the information subject to the confidentiality request. Omissions are designated
as [***]. A complete version of this exhibit has been provided separately to the Securities and Exchange Commission.

 

    	1

    	 

    

 

		1.9	“Reserved Markets”
                                         means those fields and/or applications defined in Schedule 3.

 

		1.10	“Spectra Ink” means
                                         Ink manufactured by or on behalf of Spectra.

 

		1.11	“Term” means the period
                                         beginning on the Effective Date and ending on the date on which this Agreement
                                         terminates under Section 6.

 

		2.	PRODUCT SUPPLY

 

		2.1	Kornit and Spectra agree that all
                                         Spectra Products will be supplied by Spectra to Kornit in accordance with the terms and
                                         conditions of this Agreement, including the Schedules.

 

		2.2	Schedule 1 sets forth the basic
                                         terms and conditions of sale for Spectra Products. In connection with the warranty terms
                                         in this Schedule 1:

 

2.2.1 NO OTHER WARRANTY IS EXPRESSED OR IMPLIED. SPECTRA
[***]. DETERMINATION OF THE SUITABILITY OF THE PRODUCTS DESCRIBED ON THE FACE HEREOF: IS THE SOLE RESPONSIBILITY OF KORNIT AND
SPECTRA SHALL HAVE NO RESPONSIBILITY IN CONNECTION THEREWITH. KORNIT WARRANTS THAT KORNIT IS NOT: PURCHASING THE PRODUCTS FOR
PERSONAL, FAMILY OR HOUSEHOLD PURPOSES. THE REMEDIES PROVIDED HEREIN ARE KORNIT’S SOLE AND EXCLUSIVE REMEDIES. SPECTRA SHALL
NOT BE LIABLE FOR [***].

 

		2.3	Schedule 2 sets forth the prices
                                         and any related special terms for Spectra Products. New or additional Spectra Products
                                         will be automatically incorporated into Schedule 2 by means of Kornit delivering a purchase
                                         order to Spectra and by Spectra’s acknowledgement and acceptance of (including
                                         any changes to) said purchase order.

 

		2.4	Kornit will pay to Spectra the
                                         royalties set forth in Schedule 2, subject to the terms and conditions thereof. Kornit
                                         will provide Spectra with a written report, no later than [***] following the end of
                                         [***], describing for such [***] amount, type and price of all Ink sold, leased or otherwise
                                         disposed of, for use with Kornit Product during such period, together with a detailed
                                         royalty calculation sufficient to establish a statement of royalties due if any such
                                         royalties are due. Kornit will pay any royalties due together with such report. Spectra
                                         shall have the right to have the books and records of Kornit audited [***] to verify
                                         the correctness of royalty reports. If any such audit discloses an underpayment of royalties,
                                         Kornit will pay the shortfall immediately upon notice. If such shortfall exceeds [***]%
                                         of the royalties due, Kornit shall reimburse Spectra for the costs of the audit.

 

*** Confidential treatment has been requested
for redacted portions of this exhibit. This copy omits the information subject to the confidentiality request. Omissions are designated
as [***]. A complete version of this exhibit has been provided separately to the Securities and Exchange Commission.

 

    	2

    	 

    

 

		3.	DISTRIBUTION RIGHTS

 

		3.1	Kornit may sell, lease and use
                                         Spectra Products and components thereof for Kornit Products, including, without limitation,
                                         worldwide marketing to any end user or re-marketer; provided however, that:

 

		(i)	Kornit’s distribution rights
                                         exclude Reserved Markets;

 

		(ii)	Kornit may only resell Printheads
                                         as integral components of Kornit Products, or as spare or replacement parts for Kornit
                                         Products; and

 

		(iii)	Kornit may not knowingly sell Spectra
                                         Ink or a Certified Ink for use other than in conjunction with Kornit Products.

 

To maintain the non-exclusive
rights under this Section 3.1, Kornit must fulfill its obligations under Section 2.4 at all times.

 

		3.2	To the extent Kornit may directly
                                         or indirectly market Kornit Products, Spectra Products, or other items under this Agreement,
                                         Kornit may do so under any present or future Kornit or Affiliate trademark or product
                                         designation. Kornit shall refer to any product so designated, in all Kornit sales proposals,
                                         advertising literature, and otherwise, as a Kornit or Affiliate product. Kornit may ship
                                         those products in containers bearing the Kornit or Affiliate logo, class and serial number
                                         of the product, and all other information or markings desired by Kornit or required by
                                         law; provided, however, that Kornit further agrees to affix or cease to affix, upon Spectra’s
                                         written request, a logo or identifier supplied by Spectra containing the words “Spectra
                                         Jet PoweredTM” in a mutually agreed upon location on such Kornit Products.

 

		4.	CONFIDENTIAL INFORMATION AND INTELLECTUAL PROPERTY RIGHTS

 

		4.1	In connection with the supply of
                                         Spectra Products, [***] and other activities that may be contemplated hereunder, the
                                         Parties may share their respective Confidential Information on a voluntary basis to facilitate
                                         the success and rapid time to market of Kornit Products. In order to foster a constructive
                                         and solution-oriented environment, the Parties agree to define and handle Confidential
                                         Information disclosures from and after the Effective Date and intellectual property rights
                                         in accordance with Schedule 4.

 

		4.2	The Parties agree that any agreement
                                         between them in effect as of the Effective Date covering Confidential Information will
                                         remain in full force and effect, but shall only cover disclosures made prior to the Effective
                                         Date.

 

		5.	[***]

 

		5.1	[***]

 

*** Confidential treatment has been requested
for redacted portions of this exhibit. This copy omits the information subject to the confidentiality request. Omissions are designated
as [***]. A complete version of this exhibit has been provided separately to the Securities and Exchange Commission.

 

    	3

    	 

    

 

		6.	TERM AND TERMINATION

 

		6.1	This Agreement is effective on
                                         and after the Effective Date and shall expire 7 (seven) years after the Effective Date,
                                         unless earlier terminated pursuant to Section 6.2 below. The term will be extended by
                                         one year on each anniversary of the Effective Date unless either party notifies 90 (ninety)
                                         days prior to the anniversary of the Effective Date that it does not wish the extension
                                         to take effect.

 

		6.2	This Agreement may be terminated
                                         prior to its expiration if any of the following occur:

 

		6.2.1	Spectra and Kornit may at any time
                                         agree in writing to terminate this Agreement.

 

		6.2.2	If Kornit fails without cause to
                                         pay Spectra any amount due Spectra, Spectra may terminate this Agreement if Kornit does
                                         not cure that failure within 30 (thirty) days after Kornit receives a written notice
                                         from Spectra stating the facts on which Spectra based its determination that such a failure
                                         occurred.

 

		6.2.3	If either party breaches a material
                                         obligation of this Agreement, and such breach is not cured within 90 (ninety) days after
                                         receipt of the notice from the non-breaching party, the non-breaching party may terminate
                                         this Agreement.

 

		6.3	All financial obligations which
                                         had accrued but which were unpaid as of the effective date of termination shall survive
                                         termination. All financial obligations, which would have accrued after the effective
                                         date of termination shall terminate. All then-outstanding forecasts and purchase orders
                                         shall terminate without liability or consequence to either party as of the effective
                                         date of termination. All licenses granted hereunder shall survive termination, provided
                                         that Kornit continues to report and pay royalties required under Section 2.4.

 

		7.	MISCELLANEOUS

 

		7.1	The Parties agree to handle disputes
                                         in connection with this Agreement in accordance with Schedule 5.

 

		7.2	Spectra and Kornit are contractors
                                         independent of one another. Nothing in this Agreement is intended to or shall constitute
                                         either party as an agent, legal representative, partner, joint venture, franchisee, employee,
                                         or servant of the other for any purpose. Neither party shall make any contract, agreement,
                                         warranty, or representation on behalf of the other party, or incur any debt or other
                                         obligation in the other party’s name, or act in any manner which has the effect
                                         of making that party the apparent agent of the other; and neither party shall assume
                                         liability for, or be deemed liable as a result of, any such action by the other party.
                                         Neither party shall be liable by reason of any act or omission of the other party in
                                         the conduct of its business or for any resulting claim or judgment, including without
                                         limitation those arising from oral or written statements the other party makes in connection
                                         with its marketing efforts (other than statements made in reliance on written information
                                         which the first party furnishes to the other party).

 

*** Confidential treatment has been requested
for redacted portions of this exhibit. This copy omits the information subject to the confidentiality request. Omissions are designated
as [***]. A complete version of this exhibit has been provided separately to the Securities and Exchange Commission.

 

    	4

    	 

    

 

		7.3	[***] Any assignment under this
                                         Section 7.3 will not relieve the assigning party of its outstanding financial obligations,
                                         if any, incurred before the assignment. This Agreement shall be binding upon and inure
                                         to the benefit of the Parties and their respective successors and permitted assigns.

 

		7.4	A waiver of a default of any term
                                         of this Agreement shall not be construed as a waiver of any later default of that provision
                                         or as a waiver of the provision itself. A party’s performance after the other party’s
                                         default shall not be construed as a waiver of that default.

 

		7.5	Each term of this Agreement is
                                         severable. If a court, agency, or arbitrator having jurisdiction determines that any
                                         term is invalid or unenforceable under applicable law, that determination shall not affect
                                         the other terms of this Agreement, which other terms shall continue to be enforced as
                                         if the invalid or unenforceable provisions were omitted.

 

		7.6	Massachusetts law shall govern
                                         the interpretation and enforcement of this Agreement, except that the Federal Arbitration
                                         Act shall govern the interpretation and enforcement of Schedule 5.

 

		7.7	Except as this Agreement otherwise
                                         provides, no amendment to this Agreement shall be binding unless agreed to in writing
                                         executed by Spectra and Kornit, and no approval, consent, or waiver shall be enforceable
                                         unless signed by the granting party. The pre-printed terms of any order (including, without
                                         limitation, a purchase order), acknowledgment, or other form do not amend this Agreement.
                                         No document shall be deemed to amend this Agreement by implication.

 

		7.8	This Agreement (including the attached
                                         Schedules, which are hereby incorporated by reference) states the complete agreement
                                         between Spectra and Kornit concerning this subject, except as stated in Section 4.2,
                                         and supersedes all earlier oral and •written communications between Spectra and
                                         Kornit concerning this subject.

 

		7.9	All notices required or permitted
                                         under this Agreement and all requests for approvals, consents, and waivers must be in
                                         writing and must be delivered by a method providing for proof of delivery to the addresses
                                         listed below:

 

*** Confidential treatment has been requested
for redacted portions of this exhibit. This copy omits the information subject to the confidentiality request. Omissions are designated
as [***]. A complete version of this exhibit has been provided separately to the Securities and Exchange Commission.

 

    	5

    	 

    

 

In the case of Kornit:

Chief Executive Officer

Kornit Digital, Ltd.

5 David Navon Street

POB 8406

Moshav Magshimim 56910

Israel

Facsimile: +

 

	In the case of Spectra:	With a copy to:
	Chief Operating Officer	Laurel H. Finch, Attorney
	Spectra Printing	Heller Ehrman LLP
	Dimatix, Inc.	275 Middlefield Road
	109 Etna Road	Menlo Park, CA 94025-3506
	Lebanon, NH 03766-1422	Facsimile:  +1-650-324-0638
	Facsimile:  +1 603-448-9870	 

 

Any notice or request shall be
deemed to have been given on the date of receipt. Either party may change its address for the purposes of this Agreement by giving
the other party written notice of its new address.

 

		7.10	All rights granted to Kornit under
                                         this Agreement may be exercised by any Affiliate of Kornit agreeing to be bound by this
                                         Agreement.

 

AGREED TO AND ACCEPTED BY:

 

	SPECTRA PRINTING	 	KORNIT DIGITAL LTD.	 
	DIMATIX. INC.	 	 	 
	 	 	 	 
	/s/ Robert G. Rosenblum	 	/s/ Ofer Ben-Zur	 
	By:	 	By: 	 
	Robert G. Rosenblum	 	Ofer Ben-Zur	 
	 	 	Printed	 
	Chief Operating Officer	 	CEO	 
	 	 	Title:	 
	Jan. 10, 2006	 	Jan. 15, 2006	 
	Date:	 	Date:	 

 

*** Confidential treatment has been requested
for redacted portions of this exhibit. This copy omits the information subject to the confidentiality request. Omissions are designated
as [***]. A complete version of this exhibit has been provided separately to the Securities and Exchange Commission.

 

    	6

    	 

    

 

SCHEDULE 1

 

TERMS AND CONDITIONS

 

FORECASTS AND PRODUCTION ESTIMATES:
Customer will provide Spectra with a [***], [***] forecast of Spectra Product requirements; provided, however, that orders placed
hereunder are non-cancelable and non- deferrable beginning [***] prior to scheduled delivery date. Customer will provide Spectra
with [***] advance notice to add significant additional manufacturing capacity. Spectra may not be able to meet orders as a result
of changes in or requirements in excess of those set forth in [***] forecasts. Furthermore, the Parties agree to use their reasonable
efforts, particularly during significant ramp periods, to coordinate, communicate and level out product delivery requirements
so that Customer’s requirements and Spectra’s capacity are matched as closely as possible. Production estimates are
not guaranteed, but result from careful analysis of Customer’s submitted requirements and present reasonably expected output
under normal conditions.

 

ORDERS: Customer will order Spectra
Products through the issuance of purchase orders at least [***] in advance of the requested delivery dates. All preprinted terms
and conditions on purchase orders are superseded entirely by the terms and conditions of this Agreement. Each purchase order will
adequately identify the Spectra Product ordered by use of Spectra’s product code, set forth the requested quantity, and
specify the requested delivery method and date. Purchase orders must be in writing and may be sent via e-mail or facsimile to
Spectra’s Customer Service group. To confirm its acceptance of each purchase order, Spectra will issue an acknowledgement
of such purchase order in writing or sent via e-mail or facsimile within 5 (five) business days of receipt. If Customer does not
receive an acknowledgement of a purchase order within this timeframe, Customer should contact Spectra immediately to follow up
on the status of the order.

 

Upon receipt of any purchase order submitted
in accordance with this Agreement, Spectra will either: (i) accept the order, which will establish the delivery date; or (ii)
notify Customer of Spectra’s proposed delivery date, if Spectra is unable to deliver Spectra Product in the amounts and/or
at the time or times requested. Once accepted, this will become the commitment date. If Spectra cannot fulfill Customer’s
purchase orders due to a shortage of any Spectra Product, Spectra shall use its reasonable efforts to satisfy Customer’s
purchase requirements as closely as possible.

 

PRICES: Prices are exclusive of
federal, state or excise or use taxes which will be separately shown on invoices. Prices are [***] (INCO Terms). Specification
changes by Customer may affect prices. Customer must provide Spectra with a certificate for exemption from state taxes where applicable.

 

*** Confidential treatment has been requested
for redacted portions of this exhibit. This copy omits the information subject to the confidentiality request. Omissions are designated
as [***]. A complete version of this exhibit has been provided separately to the Securities and Exchange Commission.

 

    	1

    	 

    

 

PAYMENT AND SECURITY: Payment shall
be made by Customer within [***] of invoice date. For the purpose of securing payment of amounts due Spectra from the Customer
hereunder, Customer hereby grants to Spectra: (i) a continuing first purchase money security interest in the products to be shipped
hereunder, and all accessions thereto and substitutions therefor; and (ii) a continuing purchase money security interest in all
of the proceeds of the foregoing. If Customer fails to make payment to Spectra of any invoice for products shipped by Spectra
within [***] of the date of such invoice, or should Customer become insolvent or be a party to any bankruptcy or receivership
proceeding prior to full payment of all amounts payable hereunder, Spectra may, notwithstanding any other provisions herein set
forth, exercise any or all of its rights as a secured creditor under applicable law, including without limitation: (a) refuse
to make further shipments to Customer; (b) with or without demand or notice to Customer declare the entire amount unpaid immediately
due and payable; and (c) sell any or all of said products as permitted under applicable law, applying the proceeds of the sale
to the expenses of retaking, repairing and selling said products, reasonable attorney’s fees and to the satisfaction of
all indebtedness then due and unpaid. Any surplus shall be paid to Customer and any deficiency shall be paid to Spectra by Customer.
All past due amounts shall accrue delinquency charges at the rate of [***]% ([***] percent) per month.

 

The foregoing notwithstanding, as to orders
including any special or custom-made equipment and as to any Customer which Spectra in its sole discretion determines to have
insufficient credit worthiness, Spectra reserves the right to require all or a portion of the invoice amount in advance if commencing
work on an order, and, as the case may be, a portion upon shipment and the balance within [***] of invoice. For orders shipped
outside the United States payment may be made by bank draft (on a bank acceptable to Spectra) or by confirmed, irrevocable letter
of credit (naming Spectra as beneficiary) with order or other terms as arranged by Spectra. Any charges related to such letter
of credit or other payment arrangement shall be for Customer’s account.

 

Nothing herein shall require Spectra to
ship Spectra Products to Customer if any of the requirements in this Schedule are not fulfilled by Customer.

 

DELIVERY: Delivery to a public
carrier at Spectra’s manufacturing facility, consigned as Customer directs, shall constitute transfer of the shipment’s
title, ownership, possession, and property to Customer at point of such delivery. Carrier will thereafter be deemed as acting
for Customer and the shipment will be at Customer’s risk. Spectra Products will be delivered to Customer in packaging reasonably
acceptable to Customer, given shipment, warehousing and storage requirements. Customer will advise Spectra in writing of any special
packaging or labeling requirements at the time of placing an order. Customer will pay the cost of any special packaging.

 

WARRANTY: All Spectra Products
are warranted to be [***] and to [***] at the date of shipment for a period of [***] from date of shipment by Spectra. Any products
labeled as pre-production release or prototypes, warranty coverage will be on materials and workmanship only and for a period
of [***] from date of shipment. Products repaired or replaced under warranty will carry coverage for the balance of warranty period
of the product from when such product was returned to Spectra.

 

During the warranty period, Spectra will,
at its option, [***] of Spectra products which prove to be defective [***]. Customer must return Spectra products to the facility
designated by Spectra. Customer shall obtain a return materials authorization number (“RMA”) and shipping instructions
from Spectra, follow the proper cleaning/flushing procedures in accordance with the respective product manual, and return the
product shipping charges prepaid. Shipping charges for all agreed warranty returns will be paid by Spectra and by Customer for
all rejected warranty returns. Warranty excludes all costs of customs clearance and any other related charges. All replaced products
shall become the property of Spectra.

 

*** Confidential treatment has been requested
for redacted portions of this exhibit. This copy omits the information subject to the confidentiality request. Omissions are designated
as [***]. A complete version of this exhibit has been provided separately to the Securities and Exchange Commission.

 

    	2

    	 

    

 

 The foregoing warranty shall not
apply to defects or non-conformance with Spectra specifications that result from:

 

		(1)	improper installation, use, storage,
                                         care or maintenance by Customer or its customers;

		(2)	modification or alteration, damage,
                                         neglect, or abuse of a Spectra product;

		(3)	operation of a Spectra product out
                                         of specification including power and environmental specifications;

		(4)	use of Inks or other chemicals not
                                         furnished or Certified by Spectra; or

		(5)	externally induced contamination (including
                                         but not limited to defective Certified Inks not supplied by Spectra and premature drying
                                         of inks in the nozzles).

 

DISCONTINUANCE: Spectra may, at
its option, discontinue Products supplied under this Agreement, provided however, that: (i) Spectra gives Customer 180 (one hundred
eighty) day notice of any planned discontinuance; and (ii) Spectra provides Customer with an end of life purchase program.

 

INFRINGEMENT OF THIRD PARTY RIGHTS:
Spectra shall promptly investigate and defend at its expense all claims that the manufacture, use, maintenance, sale or other
disposition of any Spectra Product infringes, induces the infringement of, or otherwise violates any patent, copyright, mask work,
trademark, trade secret, or proprietary or other information of any third party, and Spectra shall pay and discharge all judgments
or decrees against Customer which result from those claims. [***]

 

[***]

 

Spectra shall not be liable under this
infringement section for any claim, and Customer’s rights under this infringement section shall not attach to a claim, to
the extent that claim is based on information, devices, or processes furnished by someone other than Spectra. Customer shall defend
and hold Spectra harmless against any expense, judgment or loss for alleged infringement or violation of any patents, copyrights,
mask works, trade secrets, trademarks, or proprietary or other information which result from Spectra’s compliance with Customer’s
designs, specifications or instructions. The foregoing states the entire obligation of Spectra with respect to infringement or
the like.

 

CANCELLATION OR RETURNS: If Spectra
agrees to the cancellation by Customer of an order within [***] of scheduled delivery, all future work thereon will be stopped
by Spectra as soon as reasonably possible and a cancellation charge will be rendered in the amount of the costs incurred to the
date of stoppage plus [***]% ([***] percent), less allowances Spectra may be able to make for standard components and salvage.
Cancellations as to any completed items shall not be effective and the order will be shipped and billed to the Customer at the
order prices.

 

*** Confidential treatment has been requested
for redacted portions of this exhibit. This copy omits the information subject to the confidentiality request. Omissions are designated
as [***]. A complete version of this exhibit has been provided separately to the Securities and Exchange Commission.

 

    	3

    	 

    

 

SCHEDULE 2

 

PRICES FOR SPECTRA PRODUCTS

 

Prices for all Spectra Products include
standard packaging.

 

		A.	PRINTHEADS and JETTING
                                         ASSEMBLIES

 

	PART NUMBER	 	DESCRIPTION	 	ACCUMULATED

    ORDER QTY	 	 	UNIT PRICE	 

 

256-Channel Jetting Assemblies

 

	05536	 	Nova JA 256/80 AAA	 	 	 	 		 
	08991	 	Galaxy JA 256/30 AAA	 	 	 	 	 	 
	09272	 	Galaxy JA 256/50 AAA	 	 	 	 	 	 
	09493	 	Galaxy JA 256/80 AAA	 	[***] to [***]	 	$	[***]	 
	 	 	 	 	[***] to [***]	 	$	[***]	 
	 	 	 	 	[***] to [***]	 	$	[***]	 
	 	 	 	 	[***]+	 	$	[***]	 

 

	09158	 	Spectra SL-128	 	 	 	 		 
	09084	 	Spectra SM-128	 	 	 	 	 	 
	08935	 	Spectra SE-128	 	[***] to [***]	 	$	[***]	 
	 	 	 	 	[***] to [***]	 	$	[***]	 
	 	 	 	 	[***] to [***]	 	$	[***]	 
	 	 	 	 	[***]+	 	$	[***]	 

 

*** Confidential treatment has been requested
for redacted portions of this exhibit. This copy omits the information subject to the confidentiality request. Omissions are designated
as [***]. A complete version of this exhibit has been provided separately to the Securities and Exchange Commission.

 

    	1

    	 

    

  

		B.	OTHER HARDWARE

 

	PART NUMBER	 	DESCRIPTION	 	INDIVIDUAL
 ORDER QTY	 	UNIT
 PRICE	 
	3800-038	 	Pressure Regulator	 	[***]-[***]	 	$	[***]	 
	 	 	 	 	[***]-[***]	 	$	[***]	 
	 	 	 	 	[***]+	 	$	[***]	 
	 	 	 	 	 	 	 	 	 
	08162	 	Meniscus Pressure Controller (MPC)	 	[***]-[***]	 	$	[***]	 
	 	 	 	 	[***]-[ ***]	 	$	[***]	 
	 	 	 	 	[***]+	 	$	[***]	 
	 	 	 	 	 	 	 	 	 
	06543	 	Miata Remote Lung/Reservoir	 	[***]-[ ***]	 	$	[***]	 
	 	 	 	 	[***]-[***]	 	$	[***]	 
	 	 	 	 	[***]+	 	$	[***]	 
	 	 	 	 	 	 	 	 	 
	08371	 	Molded Lung Module (MLM) 1)	 	[***]-[ ***]	 	$	[***]	 
	 	 	 	 	[***]-[ ***]	 	$	[***]	 
	 	 	 	 	[***]+	 	$	[***]	 
	05841	 	Miata Remote Lung	 	[***]	 	$	[***]	 
	 	 	 	 	 	 	 	 	 
	04649	 	HDEM-4	 	[***]-[***]	 	$	[***]	 
	 	 	 	 	[***]-[***]	 	$	[***]	 
	 	 	 	 	[***]+	 	$	[***]	 
	 	 	 	 	 	 	 	 	 
	3500-189	 	HDEM Daughter Cards	 	[***]	 	$	[***]	 
	3800-037	 	HDC2	 	[***]	 	$	[***]	 

 

*** Confidential treatment has been requested
for redacted portions of this exhibit. This copy omits the information subject to the confidentiality request. Omissions are designated
as [***]. A complete version of this exhibit has been provided separately to the Securities and Exchange Commission.

 

    	2

    	 

    

		C.	INK PRODUCTS

 

Note: All ink prices are per order,
per color.

 

	PART NUMBER	 	DESCRIPTION	 	INDIVIDUAL
 ORDER QTY	 	UNIT
 PRICE(per
 case)	 
	00146-01	 	SABRE Black 5)	 	[***]-[***]	 	$	[***]	 
	 	 	 	 	[***]-[***]	 	$	[***]	 
	 	 	 	 	[***]+	 	$	[***]	 
	 	 	 	 	 	 	 	 	 
	See table below	 	Seurat UV Curing Ink 2)	 	[***] to [***]	 	$	[***]	 
	 	 	 	 	[***] to [***]	 	$	[***]	 
	 	 	 	 	[***] to [***]	 	$	[***]	 
	 	 	 	 	[***]+	 	$	[***]	 
	 	 	 	 	 	 	 	 	 
	See table below	 	Kappa UV Curing Ink 2)	 	[***] to [***]	 	$	[***]	 
	 	 	 	 	[***] to [***]	 	$	[***]	 
	 	 	 	 	[***] to [***]	 	$	[***]	 
	 	 	 	 	[***]+	 	$	[***]	 
	01880	 	Sirius, Ink 3)	 	[***] to [***]	 	$	[***]	 
	 	 	 	 	[***] to [***]	 	$	[***]	 
	 	 	 	 	[***] to [***]	 	$	[***]	 
	 	 	 	 	[***]+	 	$	[***]	 
	 	 	 	 	 	 	 	 	 
	01881	 	Sirius, Clear Solvent, Flush 3)	 	 	 	$	[***]	 
	 	 	 	 	 	 	 	 	 
	01882	 	Sirius, Clear, Cleaning Spray 4)	 	 	 	$	[***]	 
	 	 	 	 	 	 	 	 	 
	7060-804-93	 	7060 Model Fluid	 	[***]	 	$	[***]	 
	 	 	 	 	 	 	 	 	 
	04322	 	7060 Model Fluid	 	[***]	 	$	[***]	 
	 	 	 	 	 	 	 	 	 
	06291	 	Clear Flush	 	[***]	 	$	[***]	 

 

		1)	The pricing for these products
                                         is subject to full and final release by Spectra. No guarantee is implied as to these
                                         products ever becoming available from Spectra.

		2)	Each case contains 4 (four)
                                         1 liter bottles.

		3)	Each case contains 6 (six)
                                         1 liter bottles.

		4)	Each case contains 24 (twenty-four)
                                         125 ml bottles.

		5)	Each case
                                         contains 40 100g ink pucks.

 

PART NUMBER AND DESCRIPTION - UV
CURING INKS

 

	SEURAT RANGE
	00052	Ink,
    black
	00055	Ink, yellow
	00058	Ink, magenta
	00060	Ink, cyan
	KAPPA
    RANGE
	03604	Ink, black

 

Prices for all Spectra Products include
standard packaging.

 

		D.	VOLUME DISCOUNTS

 

Fees

		1)	Printhead Volume Discount Fee of $[***]

		2)	The Printhead Volume Discount Fee is
                                         payable to Spectra prior to Kornit shipping - or using — commercial products.

 

*** Confidential treatment has been requested
for redacted portions of this exhibit. This copy omits the information subject to the confidentiality request. Omissions are designated
as [***]. A complete version of this exhibit has been provided separately to the Securities and Exchange Commission.

 

    	3

    	 

    

 

		3)	Upon payment of the Printhead Volume
                                         Discount Fee, Kornit will obtain the following rights:

 

	PART NUMBER	 	DESCRIPTION	 	ACCUMULATED
 ORDER QTY	 	UNIT 
 PRICE	 
	256 Channel Jetting Assemblies	 		 	[***]	 	$	[***]	 
	128 Channel Jetting Assemblies (SL, SM, SE)	 	 	 	[***]	 	$	[***]	 

 

*** Confidential treatment has been requested
for redacted portions of this exhibit. This copy omits the information subject to the confidentiality request. Omissions are designated
as [***]. A complete version of this exhibit has been provided separately to the Securities and Exchange Commission.

  

    	4

    	 

    

 

PRICE INCREASES

 

Beginning [***] after the date of this
Agreement, Spectra may, by written notice delivered [***] in advance to Customer, increase prices for Products listed on Schedule
2. Price increases will not apply to orders that are non-cancelable and non-deferrable (pursuant to Schedule 1) at the time of
notice of the increase.

 

Any notice of price increase in accordance
with the foregoing shall constitute an amendment to this Schedule 2.

 

*** Confidential treatment has been requested
for redacted portions of this exhibit. This copy omits the information subject to the confidentiality request. Omissions are designated
as [***]. A complete version of this exhibit has been provided separately to the Securities and Exchange Commission.

 

    	5

    	 

    

 

ROYALTIES

 

		1)	Kornit will pay to Spectra a royalty
                                         of 5% (five percent) of the amounts received by Kornit (net of returns and allowances
                                         and sales and use taxes) upon the sale by Kornit of Ink for use in Kornit Products, except
                                         Spectra Ink.

 

		2)	If Kornit does not supply Ink to be
                                         used in Kornit Products Kornit will, in lieu of 1) above, pay to Spectra a royalty of
                                         2% (two percent) of the amounts received by Kornit (net of returns and allowances
                                         and sales and use taxes) upon the sale by Kornit of Kornit Products.

 

		3)	The first $500,000 of ink sales (on an
                                         annual basis) is not subject to the royalty provisions under section 1 above.

 

*** Confidential treatment has been requested
for redacted portions of this exhibit. This copy omits the information subject to the confidentiality request. Omissions are designated
as [***]. A complete version of this exhibit has been provided separately to the Securities and Exchange Commission.

 

    	6

    	 

    

 

SCHEDULE
3

 

RESERVED
MARKETS: EXCLUSIVE RIGHTS RESERVED

BY SPECTRA TO OTHER CUSTOMERS

 

		I.	Product Identification

 

Exclusive Market shall
mean the following:

The market for systems
incorporating less than $[***] of Spectra supplied Printheads, where such systems are used for printing with ink on packaging,
labels or tangible products. The scope of this Reserved Market does not include

		(i)	systems used in commercial printing
                                         environments,

		(ii)	the printing of goods where the
                                         primary value of the goods is the printed content, and

		(iii)	other detailed exemptions available
                                         from Spectra upon request.

 

*(In January of each year after 2005,
the price thresholds set forth above are adjusted for inflation or deflation. The price thresholds in effect on any date can be
obtained by contacting Spectra.)

 

*** Confidential treatment has been requested
for redacted portions of this exhibit. This copy omits the information subject to the confidentiality request. Omissions are designated
as [***]. A complete version of this exhibit has been provided separately to the Securities and Exchange Commission.

 

    	1

    	 

    

  

SCHEDULE
4

 

CONFIDENTIALITY AND

INTELLECTUAL PROPERTY RIGHTS

 

Confidentiality:

“Confidential
Information” means all information which one party (“Discloser”) discloses to the other party (“Recipient”)
during the term of this Agreement: (i) in documents or other tangible materials clearly marked “CONFIDENTIAL”; or
(ii) orally, or in any other intangible form, when first disclosed to the Recipient, if at that time the Discloser tells the Recipient
that the information is confidential and if the Discloser describes the information in writing or other tangible materials clearly
marked “CONFIDENTIAL” and delivers them to the Recipient within 30 (thirty) calendar days after the information is
first disclosed to the Recipient. “Confidential Information” does not include any information which the Recipient
can show:

		(a)	the Recipient knew at the time
                                         of disclosure;

		(b)	the public knows or which is or
                                         becomes readily ascertainable by the public, and through no wrongful act of the Recipient;

		(c)	the Recipient receives from a third
                                         party without breaching an obligation owed to the Discloser, if the third party does
                                         not restrict the Recipient from disclosing that information;

		(d)	is independently developed by or
                                         for the Recipient;

		(e)	the Discloser discloses to a third
                                         party without similar restrictions on disclosure; or

		(f)	is required to be disclosed by
                                         law, provided, however, that in the event Recipient is ordered to disclose the Discloser’s
                                         Confidential Information pursuant to a judicial or governmental request, requirement
                                         or order, Recipient shall immediately, and in any event prior to complying therewith,
                                         notify the Discloser and take reasonable steps to assist Discloser in contesting such
                                         request, requirement or order or otherwise protecting Discloser’s rights, and Recipient
                                         may not disclose any Discloser Confidential Information in response to any law, rule
                                         or regulation, including disclosure rules of the Securities and Exchange Commission,
                                         without the Discloser’s written consent in each case, which consent shall not be
                                         unreasonably withheld or delayed.

 

During the Term and
for 5 (five) years after the Term, the Recipient shall use reasonable efforts to prevent the disclosure of any Confidential Information
to any other person, subject to (f) above, and shall not analyze or reverse engineer any samples, prototypes or products labeled
“Confidential” and provided hereunder. All materials containing Confidential Information delivered by the Discloser
under this Agreement are and shall remain the property of the Discloser. At the Discloser’s written request upon termination
of the Recipient’s right to possess the Discloser’s Confidential Information, the Recipient shall promptly return
to the Discloser, or destroy and certify the destruction of, all those materials and any copies. The Recipient agrees that it
will not utilize or include any Confidential Information of Discloser in any patent or copyright filing.

 

*** Confidential treatment has been requested
for redacted portions of this exhibit. This copy omits the information subject to the confidentiality request. Omissions are designated
as [***]. A complete version of this exhibit has been provided separately to the Securities and Exchange Commission.

 

    	1

    	 

    

 

Except as this Agreement
expressly provides, this Agreement does not: (i) restrict either party from developing new products, improving existing products,
or marketing any new, improved, or existing products; or (ii) commit either party to disclose any particular information or to
develop, make, use, buy, sell, or otherwise dispose of any existing or future product, or to favor or recommend any product or
service of the other party.

 

This Agreement does
not enlarge, diminish, or affect the rights and obligations that either party may have or come to have under any other written
agreement they both sign, or, except as this Agreement expressly provides, with respect to any patent or copyright of either party.
Except as this Agreement or such other written agreement specifically provides, there shall be no restrictions on the use or disclosure
of any information the Parties exchange at any time, in the past or in the future, other than restrictions that either party may
independently have a right to assert under the patent, copyright, or mask work laws.

 

Intellectual Property Rights:

Each party will retain
its existing intellectual property rights and nothing in this Agreement will amend that understanding. Furthermore, each party
will own all Technology developed solely by its employees, agents, representatives and consultants. In the case that a joint invention
by employees, agents, representatives or consultants of Customer and Spectra is made in connection with Agreement, then both Parties
will own an equal interest in such Technology and any patents which issue as a result. In the event that one party is granted
a patent which incorporates Confidential Information of the other party, that one party will grant upon request a paid up, worldwide
right and license under such patent to the other party to make, have made, use and sell products of the other party.

 

*** Confidential treatment has been requested
for redacted portions of this exhibit. This copy omits the information subject to the confidentiality request. Omissions are designated
as [***]. A complete version of this exhibit has been provided separately to the Securities and Exchange Commission.

 

    	2

    	 

    

 

SCHEDULE
5

 

DISPUTES

 

In the event of any
dispute, controversy or claim between the Parties arising directly or indirectly under this Agreement, whether based on contract,
tort, fraud, misrepresentation or other legal theory, the Parties shall attempt in good faith to resolve such matter through mediation.
Such mediation shall be conducted in accordance with The CPR Mediation Procedure of the CPR Institute for Dispute Resolution in
effect on the date of this Agreement. If either party refuses to engage in such mediation, or if such mediation has not resolved
the dispute, controversy or claim within [***], or such longer period as the Parties may agree, then the provisions below shall
apply.

 

Except for disputes
concerning Spectra’s indemnification obligations regarding infringement of third party rights, and except as otherwise
provided in this Agreement, Customer and Spectra shall settle by arbitration any controversy or claim between them arising
directly or indirectly under this Agreement, whether based on contract, tort, fraud, misrepresentation, or other legal theory
that is not resolved through mediation as provided in the paragraph above. The arbitration shall occur in Massachusetts,
under the then current Rules for Non-Administered Arbitration and supervision of the CPR Institute for Dispute Resolution,
except as otherwise provided herein. If the dispute involves a claim for money in the amount of $[***] ([***] dollars) or
less and does not involve any claims relating to ownership, use, or disclosure of intellectual property (other than a claim
of unlawful ownership, use or disclosure of intellectual property arising solely from a failure to pay a license fee or
royalty), the arbitration shall be before a single arbitrator whom Customer and Spectra shall select from a panel of persons
knowledgeable in business information and data processing systems; otherwise, the arbitration shall be before
three arbitrators, one selected by Customer, one selected by Spectra, and the third selected by the two arbitrators selected.
The arbitrator or arbitrators shall not have the power to award punitive or exemplary damages. The decision and award of
the arbitrator or arbitrators shall be final and binding and the award rendered may be entered in any court having
jurisdiction. Customer and Spectra shall each pay its own attorney’s fees associated with the arbitration, and shall
pay the other costs and expenses of the arbitration as the rules of the American Arbitration Association provide.

 

Spectra and Customer
may each petition a court of law for injunctive relief to protect its respective intellectual property.

 

If one party files a
court action alleging claims subject to binding arbitration under this Schedule and the other party successfully stays the court
action or compels arbitration of the claims, or both, the party filing the court action shall pay the other party’s costs
and expenses, including attorneys’ fees, of obtaining such stay or compulsion.

 

Neither Customer nor
Spectra may bring any action, regardless of form, related to this Agreement, more than two years after the cause of action accrues.

 

*** Confidential treatment has been requested
for redacted portions of this exhibit. This copy omits the information subject to the confidentiality request. Omissions are designated
as [***]. A complete version of this exhibit has been provided separately to the Securities and Exchange Commission.

 

    	1

    	 

    

 

The duty to arbitrate
extends to any director, officer, employee, agent, subsidiary, or Affiliate making or defending any claim which would otherwise
be arbitrable.

 

Each part of this Schedule is severable.
A holding that any part of this Schedule is unenforceable shall not affect the duty to arbitrate under any part of this Schedule.

 

*** Confidential treatment has been requested
for redacted portions of this exhibit. This copy omits the information subject to the confidentiality request. Omissions are designated
as [***]. A complete version of this exhibit has been provided separately to the Securities and Exchange Commission.

 

    	2

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