Document:

Exhibit 10.20

 

“Jiequhua” Business Cooperation Agreement

 

Serial number:

 

Party A: Tianjin Quna Internet Finance Information Technology Co., Ltd.

Legal Representative/Person in Charge: LI Zhiyuan

Address: 17th Floor, Viva Plaza, Building 18, Yard 29, Suzhou Street, Haidian District, Beijing, China

Contact Person: PANG Peitao

Telephone: ********************

Email: peitao.pang@qunar.com

 

Party B: Anquying (Shanghai) Investment Consulting Co., Ltd.

Legal Representative/person in charge: CHEN Bingqing

Address: 2nd Floor, East Wing, Pacific Century Place, No.2A Gong Ti Bei Lu, Chaoyang District, Beijing, China

Contact Person: REN Ran

Telephone: ********************

Email: ran.ren@pintec.com

 

Party A and its affiliates operate “Jiequhua” (“Jiequhua”). Party B is a technology company providing smart credit service, which is based on intellectual intelligence, parametric modeling and block chain, etc., and Party B is qualified to provide such credit technical service to financial institutions. Party A and Party B, with the introduction of the Financial Parties (“Financial Parties”, each of the Financial Parties, “Financial Party”) cooperation with each other on “Jiequhua” project.

 

Thus, Party A and Party B, on the basis of free will, mutual benefits and good faith, in accordance with any applicable laws and regulations of People’s Republic of China, reach the following agreement through friendly negotiation on the “Jiequhua” project.

 

 

1. Content of Cooperation

 

Party A develops and operates product known as “Jiequhua,” which facilitates the borrowing-lending cooperation between the users and the Financial Parties. Party B intends to provide credit technical service to Party A. “Jiequhua” provides the borrower with the loan portal for applying the drawdown and repaying the loan. Party B assists the Financial Parties to dock to Party A’s interface, to complete the review and approval of credit granting and loan application procedures online, to calculate the repayment plan in accordance with the installment service fee rate provided the agreement concluded by and between the Financial Parties, notify Party A such repayment plan via data interface as well as demonstrate such repayment plan to borrower via “Jiequhua.” The Financial Parties shall determine on its own discretion whether to provide “Jiequhua” loan service to any user based on the user’s credit, and bear the corresponding loan risks. The parties agree, on this “Jiequhua” project conducted by Party A, Party B and the Financial Parties, Party A is entitled to charge Party B the technical service fee in accordance with the fees and settlement provided under this agreement.

 

2. Service Fee and Settlement

 

2.1 The parties hereto agree that in the cooperation hereunder and under the circumstance that Party B refers any Financial Party to Party A, Party B shall pay the following technical service fees to Party A in accordance with the provisions below. The statistical data involved in the fees shall be subject to the statistical results provided by the platform of Party A. Both Parties shall discuss and negotiate to enter into any supplementary agreement otherwise if any material change happed to any objective condition or there is any other issues not provided hereunder.

 

·                      Technical Service Application Fee. Party A charges certain technical service application fee (“Technical Service Application Fee”), for its technical service of introducing access to credits and providing loan portal for the applicants. The Technical Service Application Fee will be charged on the ground of times that Party B obtaining the relevant data provided by the applicant via the interface provided by Party A, for RMB *** per time. If the applicant is under either of the following situations, Party B does not have to pay Party A any fee on regaining the data of the applicant:

 

1. Party B has paid the technical service fee to Party A’s affiliates in a standard of RMB *** per person when the applicant applies for “Jiequhua” service before zero hour August 18, 2017;

 

2. Party B has paid the technical service fee to Party A in a standard of RMB *** per person when the applicant applies for “Jiequhua” service before zero hour May 1, 2017

 

 

·                      Repayment Technical Service Fee. Party A charges certain repayment technical service fee (“Repayment Technical Service Fee”) for its technical service of providing repayment portal to the applicants. Details of such charges are as following borrower:

 

	
Type of borrowers’ bank card
    	
 
    	
Fee Rate
    
	
Debit Card
    	
 
    	
***% x total repayment amount
   (The total amount of repayment shall be the total amount paid by the   borrower, including but not limited to the principal + interest + penalty   interest + early repayment interest)
    

 

·                      Borrowing Technical Service Fee. Party A charges certain borrowing technical service fee (“Borrowing Technical Service Fee”) for its technical service of facilitating the borrowing-lending cooperation between the applicants and the Financial Parties. The Borrowing Technical Service Fee will be charged on the basis of ***% of the daily loan balance. The loan balance on the first day of when the loan goes online (i.e. April 1, 2017) shall be the amount of loan offered on that day — the amount of principal repaid on that first day, the loan balance for the subsequent days: loan balance on the previous day + amount of loan offered on the current day — amount of principal repaid on the day — the increase in the value of bad assets. In the formula, the amount of bad assets refers to the amount of assets that borrowings on such assets has become overdue for more than 90 days, or amount of assets that are jointly identified by Party A and Party B as difficult to realize.

 

2.2 Settlement

 

In terms of the offer of loan, the loan shall be offered by the competent Financial Parties to a borrower who meets the requirements, and the loan funds shall be transferred directly to the bank account designated by the borrower.

 

The borrower must made repayments under the “Jiequhua” plan. After a repayment is made successfully, Party A will notify Party B and the competent Financial Parties of information on the repayment via the interface of the platform on a real-time basis. Party B shall assist such Financial Parties confirm and restore the borrowing limit as soon as practical, and shall notify Party A the updated borrowing limit and repayment schedule via the interface of the platform on real-time basis, while Party A shall notify the  borrower its success of repayment and the updated information. Party A shall transfer the amount of the repayment made by the borrower to the bank account designated by the competent Financial Parties within one working day after it receives the repayment from the borrower.

 

 

The technical service fees under this Agreement shall be paid by Party B to Party A on a *** basis.  Party A shall circulate the account reconciliation files to Party B and the competent Financial Parties within the first five working days of the following month, which shall include the details of the technical service fees charged by Party A in the former month. Party B and the competent Financial Party shall check the files within five (5) working days after they have received such information. If Party B or the Financial Parties dissents with the files, it shall notify Party A in writing within five (5) working days after it has received such files, and provides the corresponding evidence. The three Parties shall work together to identify the cause and adjust to the actual data upon unanimous confirmation by all the parties. If no unanimous confirmation has been made after three parties’ investigation, the data required for such account reconciliation shall be subject to the data in Party A’s system. If no dissents has been proposed by Party B or the Financial Parties within 5 working days after the successful delivery, it is deemed that Party B and the Financial Parties confirm the account reconciliation. After the parties reconcile and confirm the accounts by way of emails sent and received through the email addressed below, Party A shall, within ten (10) working days after the completion of the account reconciliation, issue Party B with a special value-added tax (VAT) invoice. The amount of service fee specified by the invoice shall be identical with the actual amount of the service fee. Party B shall pay the corresponding amount of service fee to Party A’s designated collection account within five (5) working days (to be postponed in case of public holidays) after the date when Party B receives the VAT invoice that conforms to the requirements. If Party B fails to make any of the payments hereunder according to the agreed timetable, Party B shall pay to Party A a penalty fine for breach of agreement at the rate of 0.1% of the overdue payment per day.

 

2.3 The bank account information specified by Party A and Party B under this Agreement is as follows: information of Party A’s Designated Account

Name of Bank: ***

Name of Bank Account: Tianjin Quna Internet Finance Information Technology Co., Ltd.

Bank Account: ***

 

3. Governing Law and Dispute Settlement

 

3.1 This Agreement, including its execution, effectiveness, amendment, performance, dissolution,  termination, interpretation and dispute arisen in relation to, shall be governed by and construed in accordance with the laws and regulations of the People’s Republic of China.

 

 

3.2 In the event of any dispute between the parties hereto relating to the performance of this Agreement, the parties shall, seek to resolve such dispute through amicable negotiation. Where such negotiation fails, any party hereto may refer the dispute to the competent court located in the executed venue of this Agreement (Haidian District, Beijing).

 

4. Miscellaneous

 

4.1 This Agreement shall come into force as of the date when it is signed by the legal representatives or authorized representatives and sealed with the official seal or the contractual seal of all parties hereto.

 

4.2 For any other issues not provided under this Agreement, The parties hereto may conclude a supplementary agreement through proper consultation and on mutual agreement. Any supplementary agreement to this Agreement constitutes a valid part of this Agreement, which have the same legal effect. If any inconsistency occurs between this Agreement and the supplementary agreement, the supplementary agreement shall prevail.

 

4.3 The charges criteria provided under this Agreement shall be effective for any commercial transactions since April 1, 2017.

 

4.4 This Agreement shall be executed in two(2) identical copies of equal legal force, with one(1) copies for each party.

 

(No provisions but signature page below.)

 

 

Party A: Tianjin Quna Internet Finance Information Technology Co., Ltd. (seal)

/s/ Seal of Tianjin Quna Internet Finance Information Technology Co., Ltd.

Date: April 3, 2018.

 

Party B: Anquying (Shanghai) Investment Consulting Co., Ltd. (seal)

/s/ Seal of Anquying (Shanghai) Investment Consulting Co., Ltd.

Date:Exhibit 10.8

 

 

Kymeta
Master Agreement

 

This Master Agreement
(“Agreement”) between Kymeta Corporation, a Delaware corporation with its principle place of business
at 12277 134th Court NE, Suite 100, Redmond, Washington 98052, on its own behalf and on behalf of its Affiliates (“Kymeta”),
and the entity identified in the signature block below (“Distributor”). This Agreement is entered
into as of May 4, 2017 (the “Effective Date”). This Agreement consists of this signature page (“Cover
Page”), the attached General Terms and Conditions and the following Addenda:

 

		☒	Hardware Addendum

 

		☒	Subscription
                                         Services Addendum

 

		☐	Professional
                                         Services Addendum

 

Contacts and addresses for notices:

 

	Kymeta
    Corporation, for itself and on behalf of its Affiliates	 	Distributor:
    FMC GlobalSat
	 	 	 
	Address:	12277 134th
    Court NE, Suite 100 Redmond,

    Washington 98052	 	Address:	333 Las
    Olas way, CU1, Fort Lauderdale,

    FL 33301
	Attention:	Steve Sybeldon	 	Attention:	Emmanuel Cotrel
	Phone:	425-658-8780	 	Phone:	954-736-6992
	Email:	ssybeldon@kymetacorp.com	 	Email:	ecotrel@fmcglobalsat.com
	CC notices:	Kymeta Corporation

    Attn: General Counsel	 	CC notices:	FMC GlobalSat 

    Attn: General Counsel

 

In consideration of the
mutual promises contained in this Agreement, the parties have formed this Agreement as of the Effective Date.

 

	Kymeta
                                         Corporation
	 	FMC
    GlobalSat (Distributor)
	 	 	 
	Signature:	/s/
    Bill Marks	 	Signature:	/s/
    Emmanuel Cotrel
	Name:	Bill
    Marks	 	Name:	Emmanuel
    Cotrel
	Title:	EVP
    and CCO	 	Title:	CEO
	Date:	May
    5, 2017	 	Date:	May
    4th 2017

 

    	Master Agreement (Distributor)	Page 1	 

     

    

 

General Terms
and Conditions

 

Background

 

Kymeta provides technology
and services designed to provide access to broadband connectivity. Distributor would like to purchase products and subscriptions
to satellite connectivity from Kymeta for resale to its customers. In consideration of the terms of this Agreement and other good
and valuable consideration, the sufficiency of which is acknowledged, the parties agree as follows:

 

Agreement

 

1.Definitions.

 

1.1“Addendum” means
an addendum signed by authorized representatives of both parties that references this Agreement.

 

1.2“Marketing
Materials” means, collectively, any promotional, marketing, advertising materials, collateral materials, display
items, kiosk, or other materials, related to or used in connection with the promotion and sale of a party’s products or
services.

 

1.3“Affiliate”
means, with respect to a given party, any company or other legally-recognizable entity that is controlled by, controls,
or is under common control with such party. “Control” means direct or indirect (e.g., through any number of
successive tiers) ownership of: (a) more than 50% of the outstanding shares having the right to vote for the election of directors
or other managing authority of the subject entity; or (b) in the case of an entity that does not have outstanding shares (e.g.
a partnership, joint venture, or unincorporated association), more than 50% of the ownership interests having the right to make
decisions for the subject entity. Each such corporation, company, or entity will be deemed an “Affiliate” only so
long as such ownership or control exists.

 

1.4“ASM”
means the Kymeta mTennau7 antenna subsystem module, which includes an electronically-scanned Ku-band aperture
and feed structure, together with all electronics and software addressing antenna control along with application programming interfaces
and other interfaces required for such antenna subsystem module to communicate with the Terminal.

 

1.5“Cloud
Service” means Kymeta’s hosted software application or applications and any third-party or other software,
and all new versions, updates, revisions, improvements and modifications of the foregoing, that Kymeta manages, operates, and
maintains for remote electronic access and use by End Users.

 

1.6“Customer” means
Subdistributors, End Users, or both as the context requires.

 

1.7“Data
Service” means the managed broadband data connectivity service (using standard internet protocols) that Kymeta makes
available to Distributor for sale to Customers, utilizing a satellite-enabled connectivity and broadband network, as further described
in Exhibit A to the Subscription Services Addendum.

 

1.8“Deliverables”
means all documents, work product, and other materials that are delivered to Customer under a SOW issued pursuant to a
Professional Services Addendum or prepared by or on behalf of the Kymeta in the course of performing Professional Services.

 

1.9“Documentation”
means any manuals, instructions or other documents or materials that Kymeta provides or makes available to End Users in
any form or medium and that describe the functionality, components, features, or requirements of the Products or Subscription
Services, including any aspect of the installation, configuration, integration, operation, use, support or maintenance thereof.

 

1.10“End
User” means a person or entity that purchases Products or Subscription Services from Distributor or a Subdistributor
for its own internal use and not for sale to a third party.

 

1.11“End
User Data” means information, data and other content, in any form or medium that is collected, downloaded or otherwise
received, directly or indirectly from an End User by or through the Subscription Services. For the avoidance of doubt, End User
Data does not include information, data, or other content that is derived from (a) analyzing or processing End User Data or (b)
Customer’s use of the Subscription Services.

 

    	Master Agreement (Distributor)	Page 2	 

     

    

 

1.12 “Fees”
means charges for products, Professional Services Fees, Subscription
Fees, and other amounts payable by Distributor to Kymeta under this Agreement.

 

1.13“Field
of Use”
means the market verticals specified in Exhibit A.

 

1.14“Kymeta Marketing Materials”
means Marketing Materials provided to Distributor by Kymeta.

 

1.15“Kymeta
Materials” means Specifications, Documentation, Kymeta’s Marks, and any and all other information, data, documents,
materials, works and other content, devices, methods, processes, hardware, software and other technologies and inventions, including
any deliverables, technical or functional descriptions, requirements, plans or reports, or training materials that are provided
or used by Kymeta or any Subcontractor in connection with the Subscription Services or Professional Services or otherwise comprise
or relate to the Subscription Services or Kymeta Systems. Kymeta Materials include any modifications to, or derivative works of,
the foregoing materials. Kymeta Materials do not include any Third Party Materials. For the avoidance of doubt, Kymeta Materials
include any information, data or other content derived from Kymeta’s monitoring of Customer’s access to or use of
the Subscription Services, but do not include End User Data.

 

1.16“Kymeta
Systems” means the information technology infrastructure used by or on behalf of Kymeta in providing the Cloud Service,
including all computers, software, hardware, databases, electronic systems (including database management systems) and networks,
whether operated directly by Kymeta or through the use of third-party services.

 

1.17“Intellectual
Property” or “IP” means all intellectual property rights throughout the world, whether existing
under statute or common law or equity, in force or recognized now or in the future, including: (a) copyrights, trade secrets,
Marks, domain names, Patents, inventions, designs, logos and trade dress, moral rights, mask works, rights in computer information,
rights of personality, publicity, and privacy, and any other intellectual property and proprietary rights; (b) any application
or right to apply for any of the rights referred to in clause (a); and (c) all renewals, extensions, future equivalents, and restorations
of any of the rights referred to in clauses (a) or (b), in force or effect now or in the future.

 

1.18“Law”
means all applicable laws, rules, statutes, decrees, decisions, orders, regulations, judgments, codes, and requirements of
any government authority (federal, state, local, or international) having jurisdiction.

 

1.19“Marks”
means the trademarks, service marks, trade dress, trade names, corporate names, proprietary logos or indicia, and other source
or business identifiers of each party set forth in Exhibit C.

 

1.20“Order”
means an order for Products, Subscription Services or a SOW, as applicable.

 

1.21“Patent”
means: (a) any and all patents, utility models, patent registrations, and equivalent rights (including originals, divisionals,
provisionals, re-exams, continuations, continuations-in-part, extensions or reissues); (b) applications for any of the rights,
registrations, or documents listed in clause (a) in all countries of the world; and (c) any other procedure or formality with
respect to any of the rights, registrations, or documents listed in clauses (a) or (b) that can result in an enforceable patent
right anywhere in the world.

 

1.22“Products”
means the hardware, equipment, devices, peripherals, Software, or other items that Kymeta provides to Distributor as described
in an Order, which may include ASMs and Terminals.

 

1.23“Professional
Services” means the installation, configuration, modification, design, consulting, and training services and the
creation of any Deliverables, and any other work Kymeta may agree to perform for Distributor, described in an SOW.

 

1.24“Professional
Services Fees” means monies due from Distributor to Kymeta arising from or in relation to Professional Services
performed under or in relation to an SOW.

 

1.25“Software”
means the computer software programs (solely in object code form) that Kymeta provides or makes available to Distributor,
whether on a standalone basis or incorporated into Products, as the case may be, including Updates.

 

    	Master Agreement (Distributor)	Page 3	 

     

    

 

1.26“SOW(s)”
means a written order for professional services signed by authorized representatives of both parties expressly
referencing this Agreement that is substantially in the form attached to the Professional Services Addendum as Exhibit A.

 

1.27“Specifications”
means the specifications for the Products, Subscription Services, or Professional Services set forth in the applicable
Order and the Documentation.

 

1.28“Subdistributor”
means a third party that purchases Products or Subscription Services from Distributor for further resale only and does
not use the Products or Subscription Services for its own internal business purposes.

 

1.29“Subscription
Services” means the Cloud Service and Data Service that Distributor resells or distributes under this Agreement.

 

1.30“Third
Party Materials” means materials and information, in any form or medium, including any open- source or other software,
documents, data, content, specifications, products, equipment or components of or relating to the Products or Subscription Services
that are not proprietary to Kymeta.

 

1.31“Territory”
means the geographic region specified in Exhibit A.

 

1.32“Terminal”
means the KyWay mobile satellite terminal incorporating the ASM, modems, low-noise block downconverter (LNBs), block upconverter
(BUC), and software.

 

1.33“Updates”
means modifications, bug fixes, or updates to Software that Kymeta makes generally commercially available.

 

2.Appointment
of Distributor.

 

2.1Appointment.
Subject to the terms and conditions of this Agreement, Kymeta appoints Distributor as its authorized distributor of the Products
and Subscription Services directly or indirectly to Customers in the Field of Use that are located within the Territory during
the Term, and Distributor hereby accepts this appointment. Such appointment will be nonexclusive unless otherwise specified in
the applicable Exhibit A.

 

2.2Relationship
of the Parties. Kymeta and Distributor are independent contractors, and this Agreement does not create a joint venture, partnership,
agency relationship, franchise, employment, or other business opportunity or relationship between the parties. Neither party has
the right, power, or authority to act on behalf of or bind the other, and nothing in this Agreement gives either party the power
to direct or control the day-to-day activities of the other. Each party is solely responsible for the actions and supervision
of its personnel under this Agreement, including daily direction and control, wage rates, withholding income taxes, disability
benefits, and the manner and means through which the work under this Agreement will be accomplished.

 

2.3Subdistributors.
Distributor may appoint and is authorized to distribute the Products and Subscription Services through Subdistributors and
additional tiers in the Field of Use and within the Territory. If Distributor uses Subdistributors: (a) Distributor must control
and monitor each Subdistributor’s performance; (b) Distributor will be liable under this Agreement for each Subdistributor’s
actions and omissions relating to this Agreement as if they were Distributor’s own; and (c) Distributor must maintain a
written agreement with each Subdistributor sufficient for Distributor to comply with the terms of this Agreement, and that, at
a minimum, is similar in form and substance to those terms and conditions set forth in this Agreement with respect to confidentiality,
training, marketing, license grants and protection of Kymeta’s Marks, indemnification, and insurance. Distributor’s
delegation of any of its rights or obligations under this Agreement will not relieve it from liability for the performance of
those obligations. Distributor guarantees, and will ensure and remain fully responsible for, the performance of all of its obligations
and compliance with all this Agreement’s terms.

 

2.4Affiliates.
Distributor’s Affiliates may order Products and Subscription Services from Kymeta by entering into an Affiliate agreement
in the form of Exhibit B to these General Terms and Conditions (“Affiliate Agreement”). If a Distributor
Affiliate enters into an Affiliate Agreement, such Affiliate will become a party to this Agreement, and all references to Distributor
in this Agreement will be deemed to include that Affiliate. Distributor will: (a) cause its Affiliates to comply with the terms
and conditions of this Agreement; and (b) be liable for the acts and omissions of each Affiliate, in each case as though each
Affiliate were Distributor. For avoidance of doubt, all obligations and liabilities under this Agreement of Distributor and its
Affiliates are joint and several.

 

    	Master Agreement (Distributor)	Page 4	 

     

    

 

2.5Limitations.
Distributor’s sole authority from Kymeta will
be to promote, market, sell, and support Products and Subscription Services to and for Customers in the Field of Use within
the Territory. Except as otherwise described herein, Distributor has no authority to make any commitments on behalf of Kymeta.
Distributor will not, to the extent permitted by law, either directly or indirectly, without Kymeta’s prior written consent,
sell any Product outside the Territory or to any company or person within the Territory whom Distributor knows or has reason to
believe is likely to resell or use the Products outside the Territory. Distributor will promptly advise Kymeta of all inquiries
or orders received by Distributor relating to the supply or use of the Products outside of the Territory or outside of the FOU.

 

3. Marketing and Promotion
of Products and Subscription Services.

 

3.1Marketing Responsibilities.
Distributor will, at its own expense: (a) use its best commercial efforts to advertise, market, and promote the Products in
the Territory consistent with good business ethics and in a manner that reflects favorably upon Kymeta, in each case using best
efforts to maximize the sales volume of the Products and Subscription Services; (b) establish and maintain a competent and adequately
trained and skilled sales and marketing organization, independent sales representatives, and a distribution organization and facilities
sufficient for the sale of Subscription Services and the sale and shipment of Products to customers; and (c) observe all of Kymeta’s
reasonable directions.

 

3.2Marketing Plan.
Distributor will develop and execute a marketing plan to sufficient to fulfill its obligations under this Agreement. Distributor’s
initial marketing plan is set forth in Exhibit D. Upon request by Kymeta, no more than once per quarter, Distributor will provide
Kymeta with its quarterly sales and marketing plan and review it with Kymeta during quarterly business review meetings. Distributor
agrees that it will keep an accurate record of its marketing expenditures under this Agreement and, upon reasonable notice, Distributor
will provide to Kymeta a report regarding such marketing expenditures.

 

3.3Marketing Support.
During the Term, Kymeta will provide any information and support in the Territory that may be reasonably requested by Distributor
regarding the marketing, advertising, promotion, and sale of the Products and Subscription Services that Distributor sells under
this Agreement.

 

3.4Marketing Materials.
Each party may reproduce, display, use, and distribute, solely in connection with the performance of its obligations under
this Agreement, any Marketing Materials made available to it by the other party. Each party agrees that it will not, without the
prior written consent of the other in each instance, use the other party’s Marks in advertising, publicity or otherwise.
Each party must submit any Marketing Materials it produces that includes or references the other party’s Marks, products,
or services to the other party for the other party’s review and written approval prior to each use. The approving party
will use commercially reasonable efforts to notify the submitting party in writing (email acceptable) of acceptance or rejection
within 10 days for each submission. Failure to accept or reject a submission within 10 days following receipt will be deemed a
rejection of that submission. Once a party has approved specific Marketing Materials for any particular use or event, the same
or substantially similar Marketing Materials (with no material variation) will be deemed approved for any substantially similar
use or event.

 

3.5Reference Distributor.
Notwithstanding anything to the contrary in this Agreement, Distributor will serve as a reference for Kymeta and the Products
and Subscription Services by: (a) allowing Kymeta to use Distributor’s name and logo in Kymeta’s customer lists and
marketing presentations; and (b) if requested by Kymeta, participating in a case study and press release that describes Distributor’s
use and sale of the Products and Subscription Services and includes supporting quotes from Distributor.

 

4. Resale of Products
and Subscription Services. Distributor is responsible for all credit risks regarding, and for collecting payment for, all
Products and Subscription Services, whether or not Distributor has made full payment to Kymeta for the Products and Subscription
Services. The inability of Distributor to collect the purchase price for any Product or Subscription Service does not affect Distributor’s
obligation to pay Kymeta for any Product or Subscription Service. Distributor is solely responsible for establishing its own resale
prices and terms for the products it sells, including Products and Subscription Services. Distributor may sell Products incorporated
into its own products and services, either alone or as a bundle. Distributor will consult with Kymeta on all Product and Subscription
Services bundles.

 

    	Master Agreement (Distributor)	Page 5	 

     

    

 

5.
Other Distributor Responsibilities.

 

5.1Authority to
Perform. Distributor will fully comply with Law in the exercise of its rights and performance of its duties and obligations
under this Agreement and will not disparage the Products, Kymeta, or any of Kymeta’s Marks in any way, or engage in any
illegal or unethical business practices in promoting, marketing, distributing, or supporting the Products and Subscription Services.
Distributor will, at its own expense, obtain and maintain all required certifications, credentials, licenses, and permits necessary
to conduct business in accordance with this Agreement.

 

5.2Customer Privacy.
Distributor will collect, store, and use personally identifiable information of Customers or consistent with applicable laws
and any posted privacy policies. Upon request, Distributor will provide Kymeta with a copy of data collected by Distributor from
Customers on their use of the Product(s) and Subscription Services.

 

5.3Reporting and
Recordkeeping. Within 30 days after the end of each calendar quarter, Distributor will submit to Kymeta complete and accurate
reports of inventory, marketing activities, and sales of Products and Subscription Services. Distributor will maintain complete
and accurate books and records of all transactions and activities covered by this Agreement and permit full Kymeta to examine
such records in accordance with Section 7.5.

 

5.4Training. Distributor
and its personnel will participate in and complete training on the Products, Subscription Services, and other topics as required
by Kymeta.

 

5.5Distributor
Conduct. Distributor will limit its claims and representations concerning the Products and Subscription Services to those
made by Kymeta in its published literature for the Products and will be responsible for any claims or representations concerning
the Products or Subscription Services in excess of or inconsistent with such claims of Kymeta. Distributor will at all times conduct
its activities in a professional and competent manner. Without limitation, Distributor will: (a) promote the Products and Subscription
Services in a manner that maintains the good name and reputation of both Kymeta and its Products and Subscription Services; and
(b) not engage in any unfair, competitive, misleading, or deceptive practices with respect to Kymeta, Kymeta’s Marks, or
the Products or Subscription Services with respect to its business activities and practices.

 

5.6Government Approval.
If at any time during the Term any notification, registration, or approval is required for giving legal effect in any applicable
jurisdiction to this Agreement or the transactions contemplated under this Agreement, Distributor will: (a) immediately take whatever
steps may be necessary to properly notify, register or obtain approval; (b) be responsible for any charges incurred in connection
with notifying, registering, or obtaining this approval; and (c) keep Kymeta currently informed of its efforts regarding this
Section 5.6. Kymeta is not obligated to ship any Products or other materials to Distributor or [provide access to Subscription
Services] under this Agreement until Distributor has provided Kymeta with satisfactory evidence that this approval, notification,
or registration is not required or that it has been obtained.

 

5.7Government
Contracts. Distributor will not resell or distribute Products or Subscription Services to any federal, state, local, or foreign
government or political subdivision thereof, or any agency or instrumentality of the government or political subdivision, or any
self-regulated organization or other non-governmental regulatory authority or quasi-governmental authority (to the extent that
the rules, regulations or orders of this organization or authority have the force of Law), or any of their respective agencies
without express written approval from Kymeta. Unless otherwise separately agreed to in writing between Kymeta and Distributor,
no provisions required in any US government contract or subcontract related thereto will be a part of this Agreement, imposed
on or binding on Kymeta, and this Agreement is not deemed an acceptance of any government provisions that may be included or referenced
in Distributor’s request for quotation, purchase order, or any other document.

 

6.       Order
Procedure.

 

6.1Quarterly Forecasts.
Within 30 days following the Effective Date, and within 30 days before the first day of each subsequent calendar quarter throughout
the Term, Distributor will deliver to Kymeta a Forecast for the period beginning on the first day of the calendar quarter. “Forecast”
means, with respect to any 12-month period, a good-faith projection or estimate of Distributor’s demand for Products
and Subscription Services for each month during such period, that approximates, as nearly as possible, based on information available
at the time to Distributor, the volume of Products and
Subscription Services that Distributor may order for each such month. The Forecasts are for planning purposes only and do not
create any binding obligations on behalf of either party.

 

    	Master Agreement (Distributor)	Page 6	 

     

    

 

6.2Orders. Kymeta
will sell the Products and Subscription Services to Distributor agreed upon by the parties in Orders. The terms of this Agreement
prevail over any terms and conditions contained in any other documentation and expressly exclude any of Distributor’s general
terms and conditions contained in any purchase order or other document issued by Distributor. Any conflict between the terms of
this Agreement and an Order will be resolved in favor of the Order if such Order explicitly states that it is intended to modify
the conflicting terms of this Agreement.

 

6.3Purchase Commitment.
Distributor will meet the minimum purchase commitments for each 12-month period of the Term specified in an Order (“Minimum
Purchase Commitments”). Kymeta may monitor progress towards the Minimum Purchase Commitment no more often than quarterly
in accordance with the audit procedures set out in Section 7.5. If Distributor fails to fulfil the Minimum Purchase Commitments,
Kymeta may, upon notice to Distributor, render any exclusive licenses or appointments under this Agreement nonexclusive or terminate
this Agreement under Section 8.2.

 

7.Pricing and Payments.

 

7.1Pricing. Kymeta
will sell the Products and make the Subscription Services available to Distributor at the prices specified in the pricing schedule
attached to the applicable Order.

 

7.2Payments. Distributor
will pay all amounts due within 30 days after the date of Kymeta’s invoice. Distributor must notify Kymeta in writing of
any disputed invoice within 15 days of the date of receipt of such invoice. Distributor will be deemed to have accepted all invoices
for which Kymeta does not receive timely notification of disputes. Distributor will make all payments in U.S. dollars by check
or wire transfer in accordance with the instructions set forth in the applicable Order.

 

7.3Late Payments.
Distributor is responsible for ensuring that all payment information is current and accurate. If Distributor is more than
30 days past due on any amounts owed under this Agreement, without waiving any other remedy, Kymeta has the right to: (a) assess
a late payment fee on all past due amounts, payable on demand and charged on a daily basis at the rate of 1.5% per month on a
simple interest basis, or the legal maximum, whichever is less, applied from the first day the amount is past due until paid in
full; (b) suspend the provision of Subscription Services or delivery of Products; or (c) cancel Orders, in each case without penalty
to Kymeta, until all outstanding amounts are paid in full; or (d) or terminate the Agreement, in whole or part, under Section
8.

 

7.4Taxes. All
Fees and prices exclude any sales or use taxes, duties, and other governmental charges (including any value added taxes) imposed
on the sale of Products or provision of Subscription Services. Distributor will pay any applicable taxes that are owed with respect
to any Order submitted under this Agreement and that are permitted to be collected from Distributor by Kymeta under Law. Distributor
will be responsible for all taxes, duties, and other governmental charges that it is legally obligated to pay, including any taxes
that arise on transactions between Distributor and Affiliates. Kymeta will be responsible for all taxes based upon its net income
or its property ownership. If any taxes are required to be withheld on payments made by Distributor to Kymeta, Distributor may
deduct such taxes from the amount owed to Kymeta and pay them to the appropriate taxing authority, but only if Distributor promptly
secures and delivers an official receipt for those withholdings and other documents reasonably requested by Kymeta to claim a
foreign tax credit or refund. Distributor will make certain that any taxes withheld are minimized to the extent possible under
Law. Distributor remains obligated to pay Kymeta for the amount of tax withheld until Distributor provides to Kymeta the official
receipt and other documents reasonably requested. Distributor may provide to Kymeta a valid exemption certificate, and then Kymeta
will not collect the taxes covered by such certificate.

 

7.5Audits and Records.
Distributor will maintain complete and accurate records related to its performance under this Agreement. During the Term and
for three years thereafter, Kymeta has the right, upon reasonable prior notice and during normal business hours, to periodically
examine Distributor’s books and records to verify compliance with this Agreement. If the audit reveals underpayment by Distributor
of greater than 5% of amounts due to Kymeta within the audit period, Distributor will reimburse Kymeta for the costs associated
with the audit and pay all under-reported amounts, plus interest at the rate set forth in Section 7.3. During the Term and the
Sell-Off Period Distributor will, on request, permit Kymeta to take physical inventory of Products.

 

    	Master Agreement (Distributor)	Page 7	 

     

    

 

8.
Term and Termination.

 

8.1Term. This
Agreement begins on the Effective Date and will continue for a period of 3 years (“Initial Term”). Upon expiration
of the Initial Term, this Agreement will automatically renew for two (2) additional 1 year periods (each, a “Renewal
Term” and collectively with the Initial Term, the “Term”) unless either party gives at least 60 days’
prior written notice of termination before the end of the Initial Term or then-current Renewal Term, provided that the terms of
this Agreement will continue to apply to any outstanding Order in effect as of the date of termination.

 

8.2Termination
for Cause. Either party may terminate this Agreement in whole or part, including either all Orders or Addenda, or any individual
Orders or Addendum, immediately: (a) upon the other party’s material breach that is not cured within 30 days after notice
of such breach; or (b) if the other party becomes insolvent, files a petition for bankruptcy, or commences or has commenced against
it proceedings related to bankruptcy, receivership, reorganization, or assignment for the benefit of creditors. In addition, Kymeta
may terminate this Agreement immediately, with notice, upon Distributor’s breach of Section 9.

 

8.3Effect of Termination
or Expiration. Upon termination or expiration of this Agreement: (a) Distributor will cease to represent itself as Kymeta’s
authorized reseller regarding the Product; (b) all licenses granted to Distributor under this Agreement are deemed immediately
revoked; (c) Distributor is liable for all fees and expenses due, and for all work performed by or on behalf of Kymeta, up to
the date of notice; (d) all unpaid amounts due are immediately payable; and (e) within 15 days of such termination or expiration,
Distributor will, at its own expense and at Kymeta’s election, return or destroy all Confidential Information in Distributor’s
possession or control. Expiration or termination of the Term will not affect any rights or obligations of the parties that: (i)
come into effect upon or after expiration or termination of the Agreement; or (ii) otherwise survive the expiration or earlier
termination of the Agreement and were incurred by the parties prior to such expiration or earlier termination. Termination of
the Agreement will not constitute a waiver of any of the terminating party’s rights or remedies under this Agreement, at
law, in equity, or otherwise.

 

8.4Survival. Sections
7 to 9, 11.1, 13, 15, 16, 119,22, 23, 25, and 26 and any additional provisions, including those of any Addenda, Exhibits, and
other attachments to this Agreement, that reasonably may be interpreted as surviving cancellation, termination, or expiration
of this Agreement, will survive the termination or expiration of this Agreement.

 

9. Confidentiality.

 

9.1Confidential
Information. Each party acknowledges that it may gain access to or become familiar with Confidential Information in connection
with this Agreement. “Confidential Information” means all nonpublic information relating to or disclosed by
one party (“Disclosing Party”) to the other (“Receiving Party”) that is designated
as confidential or that, given the nature of the information or the circumstances surrounding its disclosure, reasonably should
be considered as confidential. Confidential Information excludes information that: (a) is or becomes publicly available without
breach of this Agreement; (b) can be shown by documentation to have been known to the Receiving Party at the time of its receipt
from the Disclosing Party; (c) is disclosed to the Receiving Party from any third party who did not acquire or disclose such information
by a wrongful or tortious act; or (d) can be shown by documentation to have been independently developed by Receiving Party without
reference to any Confidential Information.

 

9.2Use and Disclosure
of Confidential Information. Receiving Party may not use Confidential Information for any purpose other than to perform its
obligations under this Agreement. Except as provided in this Agreement, Receiving Party will not disclose Confidential Information
to anyone without Kymeta’s prior written consent. Receiving Party will take all reasonable measures to avoid disclosure,
dissemination, or unauthorized use of Confidential Information, including, at a minimum, those measures it takes to protect its
own confidential information of a similar nature. Receiving Party will restrict the possession, knowledge, and use of Confidential
Information to each of its employees, representatives, and subcontractors who: (a) has a need to know the Confidential Information;
and (b) is legally obligated to protect the Confidential Information to the same or greater degree as required under this Agreement.
Receiving Party will ensure that its employees, representatives, subcontractors, and Affiliates comply with this Agreement.

 

    	Master Agreement (Distributor)	Page 8	 

     

    

 

9.3Disclosures
to Governmental Entities. Receiving Party may disclose Confidential Information as required to comply with orders of
governmental entities with jurisdiction over it, if Receiving Party: (a) gives Disclosing Party prior written notice sufficient
to allow Disclosing Party to seek a protective order or other remedy (except to the extent that Receiving Party’s compliance
would cause it to violate an order of the governmental entity or other legal requirement); (b) discloses only such information
as is required by the governmental entity; and (c) uses commercially reasonable efforts to obtain confidential treatment for any
Confidential Information so disclosed.

 

9.4 Ownership of Confidential
Information. All Confidential Information will remain the exclusive property of Disclosing Party. Disclosing Party’s
disclosure of Confidential Information will not constitute an express or implied grant to Receiving Party of any rights to or
under Disclosing Party’s patents, copyrights, trade secrets, trademarks or other Intellectual Property.

 

9.5 Notice of Unauthorized
Use. Receiving Party will notify Disclosing Party immediately upon discovery of any unauthorized use or disclosure of Confidential
Information or any other breach of this Agreement. Receiving Party will cooperate with Disclosing Party in every reasonable way
to help Disclosing Party regain possession of such Confidential Information and prevent its further unauthorized use and disclosure.

 

9.6 Return of Confidential
Information. Receiving Party will return or destroy all tangible materials embodying Confidential Information (in any form
and including, without limitation, all summaries, copies, and excerpts of Confidential Information) promptly following the earlier
of Disclosing Party’s written request or termination or expiration of this Agreement.

 

9.7 Injunctive Relief.
Receiving Party acknowledges that a breach of its obligations under this Section 9 could cause irreparable harm to Disclosing
Party as to which monetary damages may be difficult to ascertain or an inadequate remedy. Receiving Party agrees that Disclosing
Party will have the right, in addition to its other rights and remedies, to seek injunctive relief for any violation of this Agreement.

 

10. Publicity. Except
as otherwise expressly stated in this Agreement, neither party will communicate with the press or public about their relationship
under this Agreement without the other’s express, prior, written permission (which may be provided via email). Each party
may, however, without the other party’s prior permission, disclose the fact and general subject matter of this Agreement
(but not its particular terms) with third parties, in each case solely to the extent such third parties are subject to written
non-disclosure obligations that prohibit further disclosure of this Agreement.

 

11. Intellectual Property.

 

11.1 Ownership. Subject
solely to the licenses expressly granted in this Agreement, nothing in this Agreement will have any effect on either party’s
ownership of its Intellectual Property. All rights not expressly granted in this Agreement are reserved. Without limiting the
above, and except to the extent otherwise expressly provided in this Agreement, nothing in this Agreement may be construed as
a license to either party’s Intellectual Property, expressly or by implication, estoppel, exhaustion, or otherwise. If Distributor
acquires any Intellectual Property in or relating to any Product or Service purchased under this Agreement (including any rights
in any Kymeta Marks, derivative works, or patent improvements relating thereto), by operation of law, or otherwise, these rights
are deemed and are hereby irrevocably assigned to Kymeta or its licensors, as the case may be, without further action by either
party.

 

11.2 Restrictions.
Except as may be expressly and unambiguously stated otherwise in this Agreement, Distributor will not, and will not permit
any Customer or any other person to:

 

(a) copy, modify,
or create derivative works or improvements of the Products, Subscription Services, Deliverables, or Kymeta Materials;

 

(b) rent, lease,
lend, sell, sublicense, assign, distribute, publish, transfer, or otherwise make available any Products, Subscription Services,
Deliverables, or Kymeta Materials;

 

(c) disable,
disassemble, decompile, attempt to derive source code or algorithms of, or otherwise reverse engineer the Products, Subscription
Services, Deliverables, or Kymeta Materials except and only to the extent expressly permitted by Law notwithstanding this limitation;

 

    	Master Agreement (Distributor)	Page 9	 

     

    

 

(d) remove,
delete, alter or obscure any warranties, disclaimers, or warning labels, or any copyright, trademark, patent or other Intellectual
Property or proprietary rights notices from any Products, Subscription Services, Deliverables, or Kymeta Materials; or

 

(e) access
or use the Products, Subscription Services, Deliverables, or Kymeta Materials in any manner or for any purpose that infringes,
misappropriates, or otherwise violates any Intellectual Property or other right of any third party (including by any unauthorized
access to, misappropriation, use, alteration, destruction or disclosure of the data of any other Kymeta customer), or that violates
any applicable Law.

 

11.3
Trademarks.

 

(a) License of
Marks. During the Term and subject to the terms and conditions herein, each party hereby grants to the other a non-exclusive,
non-transferable, non-sublicensable, royalty-free, worldwide personal license to use, publish and display the other party’s
Marks solely for purposes of fulfilling its obligations under this Agreement, to advertise and to promote the Products, Subscription
Services, and Distributor’s products and services. In carrying out its obligations under this Agreement, each party will
use the other party’s Marks solely in the manner approved by the other party. Neither party will use the other party’s
Marks in any manner that is disparaging or that otherwise portrays the other party in a negative light. Neither party may alter,
modify, or change the other party’s Marks.

 

(b) Ownership of
Licensed Marks. Each party acknowledges the other party’s sole ownership of the other party’s Marks worldwide
and all associated goodwill. Nothing in this Agreement or in the performance thereof, or that might otherwise be implied by Law,
will operate to grant a party any right, title, or interest in or to the other party’s Marks other than as specified in
the limited license grant herein. All goodwill arising from each party’s use of the other party’s Marks will inure
solely to the benefit of the other party. Each party hereby assigns and will assign in the future to the other party all rights
it may acquire by operation of law or otherwise in the other party’s Marks, including all applications or registrations
therefore, along with the goodwill associated therewith.

 

(c) Protection
of Licensed Marks. Each party will assist the other party in protecting and maintaining the other party’s rights in
its Marks worldwide, including preparation and execution of documents necessary to register the Marks or record this Agreement.
Each party will have the sole right to and in its sole discretion may commence, prosecute or defend, and control any action concerning
its Mark. Neither party will during the Term contest the validity of, by act or omission jeopardize, or take any action inconsistent
with, the other party’s rights or goodwill in the other party’s Mark in any country, including attempted registration
of any of the other party’s Mark, or use or attempted registration of any mark confusingly similar thereto.

 

(d) Quality Control
of Licensed Marks. Each party will supply the other party with suitable specimens of its Marks for use as contemplated. Each
party will fully correct and remedy any deficiencies in its use of the other party’s Marks, upon reasonable notice from
the other party.

 

12. Feedback. If
Distributor gives Kymeta Feedback, Distributor is deemed to have also given, without charge: (a) to Kymeta, the right to use,
share, and commercialize the Feedback in any way and for any purpose, without regard to Intellectual Property or otherwise; and
(b) to third parties, any patent rights needed for their products, technologies, and services to use or interface with any specific
parts of Kymeta’s products or services that include the Feedback. “Feedback” means ideas, suggestions,
comments, input, or know-how, in any form, that Distributor provides to Kymeta in relation to Kymeta’s products or services.
Feedback does not include sales forecasts, future release schedules, marketing plans, financial results, and high-level plans
(e.g., feature lists) for future products.

 

13. Representations
and Warranties.

 

13.1 Mutual. Each
party continuously represents and warrants that: (a) it has the right to enter into, and the individual signing on its behalf
has authority to bind it to, this Agreement; and (b) its performance will not violate any agreement or obligation between it and
any third party.

 

13.2
No other warranties. Except as otherwise expressly stated in this Agreement: (a) Kymeta’s Products, Subscription Services,
and Professional Services are provided “as-is,” “with all faults,” and “as available”; (b)
Customers bear all risk of use of the Products and Subscription Services (other than for Kymeta’s breach); and (c) any other
warranties related to this Agreement (express, implied, statutory, or otherwise, and including any warranties or conditions of
product liability, fitness for a particular purpose, non-infringement, merchantability, and workmanlike effort) are excluded.

 

    	Master Agreement (Distributor)	Page 10	 

     

    

 

14. Limitation of Liability.

 

14.1 General Limitation.
The maximum, aggregate liability of either party to the other or any third party for any claim arising under this Agreement is
limited to direct damages incurred in reasonable reliance, not to exceed the actual, aggregate fees paid or payable under this
Agreement in the 12-months prior to the event which gave rise to the claim. Each party, and its Affiliates, waives and
releases the other, and its Affiliates, from all liability arising under this Agreement in excess of such amounts.

 

14.2 Excluded Damages.
Neither party is liable for (and the other will not seek) any special, incidental, consequential, exemplary, punitive, or other
indirect damages (including for loss of data or profits), foreseeable or unforeseeable, arising out of this Agreement regardless
of whether liability is based on breach of contract or warranty, tort, strict liability, or otherwise, even if a party has been
advised the damages are possible.

 

14.3 Applicability.
The limitations on and exclusions of liability, and disclaimers of warranties, in this Agreement apply: (a) to the maximum
extent permitted by Law; (b) regardless of legal theory on which a claim is based (e.g., breach of contract, tort, strict liability,
breach of warranty, or otherwise); (c) whether damages were reasonably foreseeable, or the parties had been advised such damages
were possible, or not; (d) whether any remedy fails of its essential purpose; and (e) even if a party is not fully compensated.
A party’s liability for any loss or damage (including if caused by negligence) is reduced to the extent the other party
or its agents caused or contributed to it. Notwithstanding the above, the limitations (including the waiver and release) in Section
14.1 and exclusions in Section 14.2 do not apply to damages for breach of Section 9; or (y) either party’s infringement,
misappropriation, or other violation of the other party’s Intellectual Property; or (z) Kymeta’s obligations under
Section 15.1(b) or Distributor’s obligations under Section 15.1(c).

 

14.4 Ineffective
Limitation. If any disclaimer or exclusion under this Agreement is not effective under Law (e.g., because it would purport
to exclude or restrict liability to consumers in certain jurisdictions), liability is limited, to the maximum extent permitted
by Law and at Kymeta’s election: (a) for goods, to replacing, repairing, or supplying equivalent goods (or paying the cost
of the foregoing); (b) for services, to supplying (or paying a third party to supply) the services again; or (c) refunding the
applicable fees.

 

15. Defense of Claims.

 

15.1 Obligation.
If a Claim is brought against a party, or its subsidiaries, Affiliates, agents, licensees, or successors, or any agents, directors,
officers, or employees of any of them (all, collectively, “Defendant”), the other party (“Respondent”)
will defend the Claim (including by paying litigation costs and reasonable attorneys’ fees) and pay any settlement
Respondent consents to or any adverse final judgment. “Claim” means an unaffiliated third party’s
demand, suit, or other action to the extent: (a) it alleges bodily injury, death or damage to real or tangible, personal property
caused by Respondent’s gross negligence or willful misconduct; (b) solely for Kymeta as Respondent, it alleges the Products,
Subscription Services, Professional Services, Deliverables, or Kymeta Materials, unmodified from the form provided by Kymeta and
uncombined with anything else, when used by an End User as permitted under this Agreement, infringes claimant’s Intellectual
Property; (c) solely for Distributor as Respondent, it alleges the Marketing Materials created by or on behalf of Distributor,
the Distributor Marks, or Distributor’s products, services or any other material] provided by Distributor under this Agreement,
unmodified from the form provided by Distributor and uncombined with anything else, infringes claimant’s Intellectual Property;
(d) solely for Distributor as Respondent, it alleges or relates to any grossly negligent or more culpable act or omission of Distributor
or its personnel (including any recklessness or willful misconduct) in connection with the performance of its obligations under
this Agreement; or (e) solely for Distributor as Respondent, it alleges that Distributor breached its agreement with a third party
as a result of or in connection with entering into, performing under or terminating this Agreement.

 

15.2 Procedure. Defendant:
(a) will promptly notify Respondent of any Claim and permit Respondent, using agreed counsel, to answer and defend; (b) at Respondent’s
reasonable request and expense, will assist in the defense and provide non-confidential information; and (c) at its expense, may
participate in the defense with separate counsel. Respondent is not responsible for settlements it does not consent to and will
not settle Claims under this Section 15 without Defendant’s consent (with both parties’ consent not unreasonably withheld).
Neither party will stipulate, acknowledge, or admit fault or liability on the other’s part without the other’s prior,
written consent. Respondent will not publicize any settlement without Defendant’s prior, written consent.

 

    	Master Agreement (Distributor)	Page 11	 

     

    

 

15.3 Remedies. If
any Product, Service, Deliverable or any Kymeta Materials provided to Distributor is alleged to infringe and Kymeta may become
liable, Kymeta may, at its sole option and expense and without obligation: (a) obtain the right for End Users to continue using
such Product, Service, Deliverable or any Kymeta Materials; (b) replace or modify such Product, Service, Deliverable or Kymeta
Materials to make it non-infringing, so long as the replacement or modification is functionally equivalent or (c) if (a) and (b)
are not commercially reasonable, terminate the applicable Addenda and, with respect to the Products, refund the amounts paid for
such Product, based on the date the claim arose, and prorated over a three-year period beginning on the date of delivery of the
Product. THIS SECTION 15 SETS FORTH DISTRIBUTOR’S SOLE REMEDIES AND KYMETA’S SOLE LIABILITY AND OBLIGATION FOR ANY
ACTUAL, THREATENED OR ALLEGED CLAIMS THAT THIS AGREEMENT OR ANY SUBJECT MATTER HEREOF (INCLUDING THE PRODUCT, SEVICES AND KYNMETA
MATERIALS) INFRINGES, MISAPPROPRIATES OR OTHERWISE VIOLATES ANY THIRD PARTY INTELLECTUAL PROPERTY.

 

15.4 Exclusions.
Kymeta has no obligation under this Section 15 for: (a) claims or awards arising out of or based on the value of: (i) anything
not provided by Kymeta; (ii) Third Party Materials; (iii) use or distribution of any Product or Service other than as expressly
permitted by this Agreement; (iv) modification of any Product or Service by anyone other than Kymeta; (v) use of a Product or
Service after Kymeta has notified Distributor to cease use due to a third-party claim; (vi) failure to timely implement any modifications,
upgrades, replacements, or enhancements made available to Customer or Distributor by or on behalf of Kymeta; or (vii) Distributor’s
marketing, advertising, promotion, or sale of a Product in any manner not otherwise authorized under this Agreement; or (b) any
claim (e.g., a counterclaim) made in response to a suit or proceeding first filed by Distributor.

 

16. Insurance. During the term
of this Agreement and for a period of 3 years thereafter, each party will, at its own expense, maintain and carry insurance with
financially sound and reputable insurers, in full force and effect that includes, but is not limited to, commercial general liability
in a sum no less than $2,000,000 in the aggregate. The policies described above will be primary and not contributory with any
coverage maintained by the insured party. All deductibles and premiums for such insurance are the insured party’s responsibility.
Upon request, the insured party will furnish the benefitting party with evidence that all premiums payable in respect of such
insurance are paid up to a date that is within 10 days after such party’s request. Each party will provide to the other
party a certificate of insurance documenting the required coverages and will also require its insurers to notify the other party
at least 30 days in advance of a cancellation or material change in the insured party’s insurance policy.

 

17. Compliance with Laws.

 

17.1 General. Distributor
and Kymeta will each comply with all Laws in connection with its performance under this Agreement, including all; country-specific
economic sanctions programs implemented by the Office of Foreign Assets Control; anti-corruption Laws; and privacy Laws.

 

17.2 Export Restrictions.
The Products may contain technical data (collectively, “Regulated Items”) and may be subject to
US export control laws and regulations, including the Export Administration Regulations and the International Traffic in Arms
Regulations. Distributor will not, and will not permit any Customers or third parties to, directly or indirectly, export, reexport,
or release any Regulated Items to any jurisdiction or country to which, or any party to whom, the export, reexport, or release
of any Regulated Items is prohibited by applicable federal or foreign law, regulation, or rule. Distributor will be responsible
for any breach of this Section 17.2 by its, and its successors’ and permitted assigns’, Affiliates, employees, officers,
directors, partners, customers, agents, distributors, resellers, or vendors. Distributor will comply with all Law and complete
all required undertakings (including obtaining any necessary export license or other governmental approval), prior to exporting,
reexporting, or releasing any Regulated Items.

 

17.3 Anti-Corruption
Laws. Distributor will comply with and provide training to its employees regarding all applicable laws against bribery, corruption,
inaccurate books and records, inadequate internal controls and money-laundering, including the U.S. Foreign Corrupt Practices
Act while performing under this Agreement.

 

    	Master Agreement (Distributor)	Page 12	 

     

    

 

18. Notice. All notices under this
Agreement will be: (a) in writing; (b) deemed given when received; (c) sent by delivery service, messenger, or registered or certified
mail (postage prepaid, return receipt requested); and (d) addressed and sent, with any required copies, as provided on the cover
page (or as the recipient has otherwise designated, in writing or by email, before notice was sent). Communications in the ordinary
course of business (which do not include notices related to payment or alleged breach) may be sent by email and need not be copied.

 

19. Force Majeure. Except for payment
obligations, neither party will be liable for any delay or failure to perform any obligation under this Agreement where the delay
or failure results from any cause beyond its reasonable control, including acts of nature, labor disputes or other industrial
disturbances, electrical or power outage, utilities or telecommunications failures, earthquake, storms or other elements of nature,
blockages, embargoes, riots, acts or orders of government, acts of terrorism, or war (“Force Majeure Event”).

 

20. Assignment. Neither party may
assign this Agreement, or any rights or duties under it, without the prior written consent of the other party, except that Kymeta
may assign to an Affiliate upon prior written notice to the Distributor. Either party may, however, assign the Agreement without
such consent to a successor pursuant to a merger or sale of all or substantially all of its assets to which the Agreement relates.
Any attempted assignment that violates this Section 20 is a material breach and is null and void. Subject to the rest of this
Section 20, this Agreement will bind and benefit the parties’ successors and permitted assigns.

 

21. Dispute Resolution. The parties
will first attempt in good faith to resolve any dispute, controversy or claim arising out of this Agreement (“Dispute”)
by negotiation and consultation between themselves. In the event that such Dispute is not resolved on an informal basis
within 30 days after one party provides written notice to the other party of such Dispute (“Dispute Notice”),
either party may, by written notice to the other party (“Escalation to Notice”), refer such
dispute to the executives of each party set forth below (or to such other person of equivalent or superior position designated
by such party in a written notice to the other party) (“Executive(s)”).

 

	Executive of Kymeta:	Bill Marks, Chief Commercial
    Officer
	 	12277 134th Ct NE, Redmond,
    WA, 98052
	 	bmarks@kymetacorp.com
	 	 
	Executive of FMC GlobalSat:	Emmanuel Cotrel
	 	333 Las Olas way, CU1, Fort Lauderdale,
    FL 33301
		Email: ecotrel@fmcglobalsat.com

 

If the Executives cannot resolve any Dispute
during the time period ending 30 days after the date of the Escalation to Executive Notice, either party may pursue all applicable
rights and remedies at law or in equity, subject to the terms of this Agreement.

 

22. Governing Law; Venue. This
Agreement is governed by Washington law (without application of conflicts of law principles), and the parties consent to exclusive
jurisdiction and venue in the state and federal courts in King County, Washington. The United Nations Convention for the International
Sale of Goods does not apply to this Agreement.

 

23. Attorneys’ Fees. If either
party institutes any legal suit, action, or proceeding against the other party relating to this Agreement, the prevailing party
in the suit, action, or proceeding will be entitled to receive, in addition to all other damages to which it may be entitled,
the costs incurred by such party in conducting the suit, action, or proceeding, including reasonable attorneys’ fees and
expenses and court costs.

 

24. Non-Exclusive Rights. Subject
to the any Additional Terms indicated in section 5 of the Distributor Evaluation Order form, this Agreement: (a) is non-exclusive;
(b) does not restrict either party from directly or indirectly acquiring, licensing, developing, making, or distributing technologies,
products, or services performing the same or similar functions as any of the other party’s technologies, products, or services;
and (c) does not limit or preclude Kymeta from entering into similar agreements with third parties.

 

25. Miscellaneous. Each party is
an independent contractor to the other and has no authority to act on behalf of or bind the other, and this Agreement does not
create any other relationship (e.g., employment, partnership or joint venture). All rights and remedies under this Agreement are
cumulative. Each party will pay its own costs to perform (except if expressly stated otherwise). Only written waivers are effective.
This Agreement: (a) is effective only when manually signed or signed via an electronic signature service by authorized representatives
of both parties, which signature requirement is, without limitation, a material term; (b) is the parties’ entire agreement
on this subject and merges and supersedes all related oral understandings, representations, prior discussions, letters of intent,
or preliminary agreements; (c) is formed as of the Effective Date; (d) may be modified only by a writing manually signed or signed
via an electronic signature service by authorized representatives of each party (except as otherwise expressly provided in this
Agreement); and (e) may be executed in counterparts, by fax or other electronic means to accurately send images, or by electronic
signature service.

 

26. Construction and Interpretation.
This Agreement has been negotiated by the parties and their respective counsel and will be interpreted fairly in accordance
with its terms and without any strict construction in favor of or against either party. This Agreement has been executed in English,
which will be the sole and controlling language used in interpreting or construing its meaning (except if otherwise required by
Law).

 

    	Master Agreement (Distributor)	Page 13	 

     

    

 

EXHIBIT A

 

Deal Terms

 

	Territory:	Global excluding: Yemen, Saudi Arabia, Oman, Turkey,
    Qatar, Syria, Iraq, Iran, UAE, Lebanon, Israel, Jordan, Kuwait
	 	 
		Distributor understands and acknowledges that, as of the Effective Date, China is neither
    included nor excluded from the Territory. In the event that Distributor becomes aware of an opportunity to distribute Products
    or Services to Customers in China, Distributor agrees to present such opportunity to Kymeta and to engage in discussions with
    Kymeta in order to allow the parties to jointly decide whether to pursue such opportunity based on Kymeta’s business
    objectives, Chinese regulatory constraints, and data privacy considerations, among other issues at such time. Any decision
    to allow Distributor to pursue distribution to Customer(s) in China will be agreed to by both parties by written amendment
    to this Exhibit A.
	 	 
	Fields of Use:	Renewable energy systems, including but not limited to solar, wind, hydro, biomass, and geothermal
    power plants

 

    	Master Agreement (Distributor)	Page 14	 

     

    

 

EXHIBIT B

 

Form of Affiliate
Agreement

 

This agreement (“Affiliate
Agreement”) is between Kymeta Corporation, a Delaware corporation with its principle place of business at
12277 134th Court NE, Suite 100, Redmond, Washington 98052 (“Kymeta”); [Distributor Affiliate
to provide], a [Distributor Affiliate to provide entity type and state] with its principle place of business at [Distributor
Affiliate to provide] (“Distributor Affiliate”); and [Distributor to provide], a [Distributor
to provide entity type and state] with its principle place of business at [Distributor Affiliate to provide] (“Distributor”),
effective as of the date signed by the last party to sign it, as indicated by the date stated under that party’s
signature (“Effective Date”).

 

Distributor Affiliate hereby becomes
a party to that certain Master Agreement between Kymeta and Distributor dated [___________________] (“Master Agreement”),
as amended, in accordance with the terms of that Master Agreement. Capitalized terms used in this Affiliate Agreement and
not otherwise defined will have the same meaning as in the Master Distribution Agreement.

 

Distributor Affiliate agrees that it will
comply with all obligations of Distributor under the Master Agreement and acknowledges that its entry into this Affiliate Agreement
is a condition for Distributor Affiliate to exercise any rights under the Master Distribution Agreement.

 

Kymeta grants Distributor Affiliate all
rights necessary to place Orders under the Master Agreement.

 

Distributor Affiliate’s contacts
and addresses for notices are as follows:

 

	 	Customer Affiliate
	Address:	[Customer to provide]
	Attention:	[Customer to provide]
	Phone:	[Customer to provide]
	Fax:	[Customer to provide]
	CC notices:	[Customer to provide]

 

In consideration of the mutual promises
contained in this Affiliate Agreement, the parties have formed this Affiliate Agreement as of the Effective Date.

 

	Kymeta
    Corporation	 	_________(Customer)
	Signature:	 	Signature:	 
	Name:	 	Name:	 
	Title:	 	Title:	 
	Date:	 	Date:	 
	 	 	_________(Customer Affiliate)
	 	Signature:	 
	 	Name:	 
	 	Title:	 
	 	Date:	 

 

    	Master Agreement (Distributor)	Page 15	 

     

    

 

EXHIBIT C

 

Trademarks

 

Section 1. Kymeta’s Marks.

 

“Kymeta’s
Marks” means solely Kymeta’s trademarks and service marks identified in the table below, as may be updated
by Kymeta from time to time.

 

Kymeta’s
Marks

 

[insert]

 

Note: Kymeta may change Kymeta’s Marks periodically on
notice to Distributor.

 

Section 2. Kymeta Trademark Usage Guidelines.

 

[insert]

 

Section 3. Distributor’s Marks.

 

“Distributor’s Marks” means solely Distributor’s
trademarks and service marks identified in the table below.

 

Distributor’s
Marks

 

[insert]

 

Note: Microsoft may change Microsoft Marks periodically on
notice to Publisher.

 

Section 4. Distributor Trademark Usage Guidelines.

 

[insert]

 

///

 

///

 

///

 

[Remainder of page intentionally left
blank.]

 

    	Master Agreement (Distributor)	Page 16	 

     

    

 

EXHIBIT D 

 

Marketing Plan

 

FMC GlobalSat agrees to consult with Kymeta
regarding how best to combine offerings of Kymeta Products and Services bundled with other possible third party services and products
requested by customers.

 

FMC GlobalSat will seek to broaden to
the maximum extent feasible the FMC GlobalSat Distribution Network, with a view to maximizing volumes and distributing Kymeta
Products as widely as possible.

 

Kymeta and FMC GlobalSat agree to engage
and co-fund marketing and customer engagement activities in-line with the 2017 Engagement Plan set forth below.

 

    	Master Agreement (Distributor)	Page 17

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