Document:

Document

Exhibit 4.3
DESCRIPTION OF CAPITAL STOCK
The following description of the capital stock of Cloudflare, Inc. (“us,” “our,” “we” or the “Company”) is a summary of the rights of our common stock and certain provisions of our amended and restated certificate of incorporation and amended and restated bylaws as currently in effect. This summary does not purport to be complete and is qualified in its entirety by the provisions of our amended and restated certificate of incorporation, amended and restated bylaws, and Amended and Restated Investors’ Rights Agreement (“IRA”), each previously filed with the Securities and Exchange Commission and incorporated by reference as an exhibit to the Annual Report on Form 10-K of which this Exhibit 4.3 is a part, as well as to the applicable provisions of the Delaware General Corporation Law (the “DGCL”). We encourage you to read our amended and restated certificate of incorporation, amended and restated bylaws, IRA, and the applicable provisions of the DGCL carefully. 
General
Our authorized capital stock consists of 2,790,000,000 shares, $0.001 par value per share, of which: 
•2,250,000,000 shares are designated as Class A common stock; 
•315,000,000 shares are designated as Class B common stock; and 
•225,000,000 shares are designated as preferred stock.
Common Stock 

We have two classes of authorized common stock, Class A common stock and Class B common stock. The rights of the holders of Class A common stock and Class B common stock are identical, except with respect to voting and conversion. Some of the terms of these classes of common stock are discussed in greater detail below. 
Dividend Rights 
Subject to preferences that may apply to any shares of preferred stock outstanding at the time, the holders of our common stock are entitled to receive dividends out of funds legally available if our Board of Directors, in its discretion, determines to issue dividends and then only at the times and in the amounts that our Board of Directors may determine. 
Voting Rights 
Holders of our Class A common stock are entitled to one vote for each share held on all matters submitted to a vote of stockholders and holders of our Class B common stock are entitled to 10 votes for each share held, except as otherwise required by law. The holders of our Class A common stock and Class B common stock vote together as a single class, unless otherwise required by law. 
Delaware law could require either holders of our Class A common stock and our Class B common stock to vote separately as a single class in the following circumstances: 
•if we were to seek to amend our amended and restated certificate of incorporation to increase or decrease the par value of a class of stock, then that class would be required to vote separately to approve the proposed amendment; and 

•if we were to seek to amend our amended and restated certificate of incorporation in a manner that alters or changes the powers, preferences, or special rights of a class of stock in a manner that affected its holders adversely, then that class would be required to vote separately to approve the proposed amendment. 
Stockholders do not have the ability to cumulate votes for the election of directors. Our amended and restated certificate of incorporation and amended and restated bylaws provide for a classified Board of Directors consisting of three classes of approximately equal size, each serving staggered three-year terms. Only the directors in one class will be subject to election by a plurality of the votes cast at each annual meeting of stockholders, with the directors in the other classes continuing for the remainder of their respective three-year terms. 
Right to Receive Liquidation Distributions 
If we become subject to a liquidation, dissolution, or winding-up, the assets legally available for distribution to our stockholders would be distributable ratably among the holders of our common stock and any participating preferred stock outstanding at that time, subject to prior satisfaction of all outstanding debt and liabilities and the preferential rights of and the payment of liquidation preferences, if any, on any outstanding shares of preferred stock. 
Conversion of Class B Common Stock 
Shares of our Class A common stock are not convertible into any other shares of our capital stock. Each share of our Class B common stock is convertible at any time at the option of the holder into one share of Class A common stock. In addition, shares of Class B common stock will automatically convert into shares of Class A common stock upon sale or transfer of such shares and upon the cessation of employment by holders of our Class B common stock (other than Mr. Prince and Ms. Zatlyn, who are referred to in our amended and restated certificate of incorporation as “Excluded Parties”), but excluding certain transfers permitted by our amended and restated certificate of incorporation. 
Notwithstanding the foregoing, all outstanding shares of Class B common stock will convert into shares of Class A common stock upon the earliest to occur of: (i) such time as the Excluded Parties and their respective permitted transferees collectively hold less than 25% of the number of shares of Class B common stock held by them as of the date of the closing of the Company’s initial public offering; (ii) following the death or disability of both Excluded Parties; or (iii) the date specified by the holders of a majority of the then-outstanding shares of Class B common stock, which majority must include each of the Excluded Parties to the extent that he or she is then living and nondisabled and holds, together with his or her respective permitted transferees, at least 25% of the number of shares of Class B common stock held by them as of the date of the closing of the Company’s initial public offering.
Other Matters
All issued and outstanding shares of our common stock are fully paid and nonassessable. Our common stock is not entitled to preemptive rights and is not subject to redemption or sinking fund provisions. 
Preferred Stock 
Our Board of Directors is authorized, subject to limitations prescribed by the DGCL, to issue preferred stock in one or more series, to establish from time to time the number of shares to be included in each series, and to fix the designation, powers, preferences, and rights of the shares of each series and any of its qualifications, limitations, or restrictions, in each case without further vote or action by our stockholders. Our Board of Directors can also increase or decrease the number of shares of any series of preferred stock, but not below the number of shares of that series then outstanding, without any further 

vote or action by our stockholders. Our Board of Directors may authorize the issuance of preferred stock with voting or conversion rights that could adversely affect the voting power or other rights of the holders of our common stock. The issuance of preferred stock, while providing flexibility in connection with possible acquisitions and other corporate purposes, could, among other things, have the effect of delaying, deferring, or preventing a change in control of the Company and might adversely affect the market price of our common stock and the voting and other rights of the holders of our common stock. We have no current plan to issue any shares of preferred stock. 

Registration Rights 
Certain holders of our common stock are entitled under the IRA to rights with respect to the registration of their shares under the Securities Act. The registration rights set forth in our IRA will expire five years following our initial public offering, which occurred in September 2019, or, with respect to any particular stockholder, when such stockholder is able to sell all of its shares on any one day pursuant to Rule 144 of the Securities Act or a similar exemption. We will pay the registration expenses (other than underwriting discounts, selling commissions, and transfer taxes) of the holders of the shares registered pursuant to the registrations described below, including the fees and disbursements of one special counsel for the selling stockholders in an amount not to exceed $30,000. In an underwritten offering, the managing underwriter, if any, has the right, subject to specified conditions, to limit the number of shares such holders may include. 

Demand Registration Rights 
Certain holders of our common stock are entitled to demand registration rights pursuant to the IRA. At any time beginning 180 days after the effective date of our initial public offering, the holders of at least 50% of these shares then outstanding can request that we register the offer and sale of their shares. We are obligated to effect only two such registrations. If we determine that it would be materially detrimental to us and our stockholders to effect such a demand registration, we have the right to defer such registration, not more than once in any 12-month period, for a period of up to 90 days. 

Piggyback Registration Rights 
If we propose to register the offer and sale of our Class A common stock under the Securities Act, in connection with the public offering of such Class A common stock, certain holders of our common stock will be entitled to certain “piggyback” registration rights allowing the holders to include their shares in such registration, subject to certain marketing and other limitations. As a result, whenever we propose to file a registration statement under the Securities Act, other than with respect to (i) a registration relating to the sale of securities to our employees pursuant to an equity plan, (ii) a registration related to any employee benefit plan or a corporate reorganization or other transaction covered by Rule 145 promulgated under the Securities Act, (iii) a registration on any registration form which does not permit secondary sales or does not include substantially the same information as would be required to be included in a registration statement covering the public offering of our Class A common stock, or (iv) a registration in which the only Class A common stock being registered is Class A common stock issuable upon conversion of debt securities that are also being registered, the holders of these shares are entitled to notice of the registration and have the right, subject to certain limitations, to include their shares in the registration. 

S-3 Registration Rights 
Certain holders of our common stock are entitled to Form S-3 registration rights pursuant to the IRA. The holders of at least 20% of these shares then outstanding may make a written request that we register the offer and sale of their shares on a registration statement on Form S-3 if we are eligible to file a registration statement on Form S-3 so long as the request covers securities the anticipated aggregate public offering 

price of which, net of underwriting discounts and commissions, is at least $1,000,000. These stockholders may make an unlimited number of requests for registration on Form S-3; however, we will not be required to effect a registration on Form S-3 if we have effected two such registrations within the 12-month period preceding the date of the request. Additionally, if we determine that it would be materially detrimental to us and our stockholders to effect such a registration, we have the right to defer such registration, not more than once in any 12-month period, for a period of up to 90 days. 
Anti-Takeover Provisions 
Certain provisions of Delaware law, our amended and restated certificate of incorporation, and our amended and restated bylaws, which are summarized below, may have the effect of delaying, deferring, or discouraging another person from acquiring control of the Company. They are also designed, in part, to encourage persons seeking to acquire control of us to negotiate first with our Board of Directors. 
Delaware Law 
We will be governed by the provisions of Section 203 of the Delaware General Corporation Law. In general, Section 203 prohibits a public Delaware corporation from engaging in a “business combination” with an “interested stockholder” for a period of three years after the date of the transaction in which the person became an interested stockholder, unless: 
•the transaction was approved by the board of directors prior to the time that the stockholder became an interested stockholder; 
•upon consummation of the transaction which resulted in the stockholder becoming an interested stockholder, the interested stockholder owned at least 85% of the voting stock of the corporation outstanding at the time the transaction commenced, excluding shares owned by directors who are also officers of the corporation and shares owned by employee stock plans in which employee participants do not have the right to determine confidentially whether shares held subject to the plan will be tendered in a tender or exchange offer; or 
•at or subsequent to the time the stockholder became an interested stockholder, the business combination was approved by the board of directors and authorized at an annual or special meeting of the stockholders, and not by written consent, by the affirmative vote of at least two-thirds of the outstanding voting stock which is not owned by the interested stockholder. 
In general, Section 203 defines a “business combination” to include mergers, asset sales, and other transactions resulting in financial benefit to a stockholder and an “interested stockholder” as a person who, together with affiliates and associates, owns, or, within three years, did own, 15% or more of the corporation’s outstanding voting stock. These provisions may have the effect of delaying, deferring, or preventing changes in control of the Company. 

Amended and Restated Certificate of Incorporation and Amended and Restated Bylaws Provisions 
Our amended and restated certificate of incorporation and our amended and restated bylaws include a number of provisions that could deter hostile takeovers or delay or prevent changes in control of our Board of Directors or management team, including the following: 
Dual-class stock.     As described above, our Class B common stock has 10 votes per share, while our Class A common stock, which is the only class of our stock that is publicly traded, has one vote per share. As a result of this dual class structure, our co-founders and certain of our pre-IPO investors, which includes certain of our executive officers, employees, directors, and their affiliates, have significant influence over matters requiring stockholder approval, including the election of directors and significant corporate transactions, such as a merger or other sale of the Company or its assets. 

Board of Directors vacancies.     Our amended and restated certificate of incorporation and amended and restated bylaws authorize only our Board of Directors to fill vacant directorships, including newly created seats. In addition, the number of directors constituting our Board of Directors is permitted to be set only by a resolution adopted by a majority vote of our entire Board of Directors. These provisions would prevent a stockholder from increasing the size of our Board of Directors and then gaining control of our Board of Directors by filling the resulting vacancies with its own nominees. This will make it more difficult to change the composition of our Board of Directors and will promote continuity of management. 
Classified Board of Directors.     Our amended and restated certificate of incorporation and amended and restated bylaws provide that our Board of Directors is classified into three classes of directors. A third party may be discouraged from making a tender offer or otherwise attempting to obtain control of us as it is more difficult and time consuming for stockholders to replace a majority of the directors on a classified board of directors. 
Stockholder action; special meeting of stockholders.     Our amended and restated certificate of incorporation provides that our stockholders may not take action by written consent, but may only take action at annual or special meetings of our stockholders. As a result, a holder controlling a majority of our capital stock would not be able to amend our amended and restated bylaws or remove directors without holding a meeting of our stockholders called in accordance with our amended and restated bylaws. Our amended and restated bylaws further provides that special meetings of our stockholders may be called only by a majority of our entire Board of Directors, the Chair of our Board of Directors, or our Chief Executive Officer, thus prohibiting a stockholder from calling a special meeting. These provisions might delay the ability of our stockholders to force consideration of a proposal or for stockholders controlling a majority of our capital stock to take any action, including the removal of directors. 
Advance notice requirements for stockholder proposals and director nominations.     Our amended and restated bylaws provide advance notice procedures for stockholders seeking to bring business before our annual meeting of stockholders or to nominate candidates for election as directors at our annual meeting of stockholders. Our amended and restated bylaws also specify certain requirements regarding the form and content of a stockholder’s notice. These provisions might preclude our stockholders from bringing matters before our annual meeting of stockholders or from making nominations for directors at our annual meeting of stockholders if the proper procedures are not followed. These provisions may also discourage or deter a potential acquirer from conducting a solicitation of proxies to elect the acquirer’s own slate of directors or otherwise attempting to obtain control of the Company. 
No cumulative voting.     The Delaware General Corporation Law provides that stockholders are not entitled to cumulate votes in the election of directors unless a corporation’s certificate of incorporation provides otherwise. Our amended and restated certificate of incorporation does not provide for cumulative voting. 
Directors removed only for cause.     Our amended and restated certificate of incorporation provides that stockholders may remove directors only for cause. 
Amendment of charter and bylaws provisions.     Any amendment of the above provisions in our amended and restated certificate of incorporation and amended and restated bylaws will require approval by holders of at least two-thirds of the voting power of our then outstanding capital stock. 
Issuance of undesignated preferred stock.     Our amended and restated certificate of incorporation provides that our Board of Directors has the authority, without further action by our stockholders, to issue up to 225,000,000 shares of undesignated preferred stock with rights and preferences, including voting rights, designated from time to time by our Board of Directors. The existence of authorized but unissued shares of preferred stock would enable our Board of Directors to render more difficult or to discourage an attempt to obtain control of us by means of a merger, tender offer, proxy contest, or other means. 

Exclusive forum.     Our amended and restated bylaws provide that the Court of Chancery of the State of Delaware (or, if the Court of Chancery does not have jurisdiction, the federal district court for the District of Delaware) will be the sole and exclusive forum for the following types of actions or proceedings under Delaware statutory or common law: (i) any derivative action or proceeding brought on our behalf; (ii) any action asserting a claim of breach of a fiduciary duty owed by any of our directors, officers, or other employees to us or our stockholders; (iii) any action arising pursuant to any provision of the Delaware General Corporation Law or our certificate of incorporation or bylaws; or (iv) any other action asserting a claim that is governed by the internal affairs doctrine, in all cases subject to the court having jurisdiction over indispensable parties named as defendants. The provisions would not apply to suits brought to enforce a duty or liability created by the Exchange Act. Additionally, nothing in our amended and restated bylaws precludes stockholders that assert claims under the Securities Act from bringing such claims in state or federal court, subject to applicable law. Any person or entity purchasing or otherwise acquiring any interest in our securities shall be deemed to have notice of and consented to this provision. These provisions may have the effect of discouraging lawsuits against us or our directors and officers. 
Transfer Agent and Registrar 
The transfer agent and registrar for our common stock is Computershare Trust Company, N.A., located at 250 Royall Street, Canton, Massachusetts 02021. 
Listing 
Our Class A common stock is listed on the New York Stock Exchange under the symbol “NET.”avav_Ex10_1

		

			Exhibit 10.1

		

		

			CERTAIN IMMATERIAL PROVISIONS OF THIS DOCUMENT THAT WOULD LIKELY CAUSE COMPETITIVE HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED (INDICATED BY AN ASTERISK [***]) HAVE BEEN OMITTED PURSUANT TO ITEM 601(b)(2) OF REGULATION S-K. A COPY OF THE UNREDACTED DOCUMENT WILL BE FURNISHED TO THE SECURITIES AND EXCHANGE COMMISSION UPON REQUEST.

		

		
			AMENDMENT NO. 9 TO
		

		
			THE DESIGN AND DEVELOPMENT AGREEMENT (STEP 2)
		

		
			This Amendment No. 9 to the Design and Development Agreement (Step2) (“Amendment”) is entered into as of the date of last signature below by and between HAPSMobile Inc. and AeroVironment, Inc. to amend the Design and Development Agreement (Step2) made as of December 27, 2017 (as amended by Amendment No.1 as of March 30, 2018, Amendment No.2 as of June 25, 2018, Amendment No.3 as of August 28, 2018, Amendment No.4 as of December 5, 2018, Amendment No.5 as of March 19, 2019, Amendment No.6 as of March 29, 2019, Amendment No.7 as of April 24, 2019, and Amendment No.8 as of June 20, 2019 between HAPSMobile and AV)  (collectively, the “DDA”).
		

		
			 
		

		
			Background
		

		
			 
		

		
			The Parties hereby agree to amend the total fees of Design and Development for Step 2 due to the material changes of the project schedule and the Statement of Work as set forth herein (the “Change”).
		

		
			Therefore, to formalize and reflect both the Changes and Program Management Improvement, the Parties hereby agree with the amendments to the DDA as follows:
		

		
			 
		

		
			Amendments
		

		
			 
		

		
			1.  The following Section 3.12 is hereby newly inserted after Section 3.11 “[***]” (subsection of “3.  [***]”) of Attachment D  (High Altitude Platform (HAP) Hawk30 Prototype Unmanned Aircraft System Specification) to the DDA:
		

		
			3.12 Overall Aircraft Functionality Reference
		

		
			Each Hawk30 Prototype shall have following characteristic and requirement as total vehicle level.
		

		
			 
		

			
					
						Profile

					
					
						[***]

					
					
						[***]

				
	
					
						Characteristic

					
					
						Prototype

				
	
					
						Capability

					
					
						Low flight, stratospheric and long duration flight with payload

				
	
					
						Achievement

					
					
						Low Altitude Flight, High Altitude Flight, Long Duration Flight,  with payload

				
	
					
						Key Device

					
					
						[***]

					
					
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			1

		

		

			[***] Information has been omitted pursuant to Item 601(b)(2) of Regulation S-K.

		

		

			 

		

	
					
						

					
						 

					
					
						[***]

					
					
						 

					
					
						[***]

				
	
					
						[***]

					
					
						 

					
					
						[***]

				

		
			*convention: [***], or [***] specific column means [***].
		

		
			 
		

		
			2. The following Section 2.2.2.1 is hereby newly inserted after Section 2.2.2 “[***]” (Subsection of “2.2 [***]”) of Attachment C (AeroVironment Statement of Work (SOW) for Hawk30 Prototype ProgramHigh Altitude Platform (HAP) Hawk30 Prototype Unmanned Aircraft System Specification) to the DDA:
		

		
			 
		

		
			2.2.2.1[***]
		

		
			Objective:  [***].
		

		
			Approach: AeroVironment shall perform the following tasks as a part of this element:
		

			
	
			
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			[***]

			
	
			
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			[***].

			
	
			
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			[***]

		
			 
		

		
			Exit Criteria:  [***].
		

		
			 
		

		
			Task Output:
		

			
	
			
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			[***]

		
			 
		

		
			3.  Heading of Section 3.2 “[***]” of Attachment C  (AeroVironment Statement of Work (SOW) for Hawk30 Prototype ProgramHigh Altitude Platform (HAP) Hawk30 Prototype Unmanned Aircraft System Specification) to the DDA is hereby deleted in its entirety and replaced with new heading of Section 3.2 “[***]”.
		

		
			 
		

		
			4. Table E-1 (Flight Test campaign key achievement requirement) of Attachment E (FLIGHT TEST) to the DDA (as amended by the Amendment No.7) is hereby deleted in its entirety and replaced with the following clauses:
		

		
			Table E-1 Flight Test campaign key achievement requirement
		

		
			 
		

			
					
						Flight Test 
Campaign Type

					
					
						Low Altitude Flight 
Test

					
					
						High Altitude 
Flight Test

					
					
						[***]

					
					
						Long Duration 
Flight 
Demonstration

				
	
					
						[***]

					
					
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						[***]

					
					
						Meet completion criteria as defined in Attachment H Project Milestones

					
					
						Meet completion criteria as defined in Attachment H Project Milestones

					
					
						Meet completion criteria as defined in Attachment H Project Milestones

					
					
						Meet completion criteria as defined in Attachment H Project Milestones

				

		
			 
		

		
			
		

		
			

		 

		

			2

		

		

			[***] Information has been omitted pursuant to Item 601(b)(2) of Regulation S-K.

		

		

			 

		

		

		
			5.  Section 2.2.1 “[***]” (Subsection of “[***]”)  of Attachment C (AeroVironment Statement of Work (SOW) for Hawk30 Prototype Program) to the DDA (as amended by the Amendment No.7) is hereby deleted in its entirety and replaced with the following clauses:
		

		
			2.2.1   [***]
		

		
			Objective:  [***]
		

		
			Approach:  AeroVironment shall perform the following tasks as a part of this element:
		

			
	
			
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			[***]

			
	
			
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			Exit Criteria:  [***]
		

		
			 
		

		
			Task Output:
		

			
	
			
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			[***].

			
	
			
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			6. Article 3.5 (Subarticles of “3. DELIVERABLES & MILESTONES”) of the body of DDA are hereby deleted in its entirety and each replaced with the following clauses:
		

		
			 
		

		
			3.5 For Hardware Deliverables, title and risk of loss of all materials, parts and components purchased by AV for the purpose of incorporating into the Hardware Deliverables (together, “Materials”), respectively, upon payment will transfer to HAPSMobile, and HAPSMobile shall pay AV the fee for Materials subject to Clause 1.3 of Attachment F. For the avoidance of doubt, (a) acceptance of fully assembled and finished Hardware Deliverables by HAPSMobile will be made upon completion of [***]  ([***]) excluding all Hardware Deliverables previously shipped to flight test facility before the successful completion of [***], (b) risk of loss of the Hardware Deliverables during Flight Test series will be borne by HAPSMobile, and (c) AV will consult with HAPSMobile for its appropriate insurance arrangement to cover the risk of loss to the Hardware Deliverables during the Flight Test series.
		

		
			 
		

		
			7. Attachment A (DELIVERABLES) to the DDA (as amended by the Amendments No.1, 2, 3, 4, 6, 7 and 8) is hereby deleted in its entirety and replaced with the attached new attachment herein, Attachment A, entitled (DELIVELABLES).
		

		
			 
		

		
			8. Attachment H (PROJECT MILESTONE) to the DDA (as amended by the Amendments No.2, 4, 5, 6 and 7) is hereby deleted in its entirety and replaced with the attached new attachment herein, Attachment H, entitled (PROJECT MILESTONE).
		

		
			 
		

		
			9. Attachment F (INVOICE AND INCURRED COSTS DOCUMENTATION) to the DDA (as amended by the Amendments No.1,  5 and 7) is hereby deleted in its entirety and replaced with the attached new attachment herein, Attachment F, entitled (INVOICE AND INCURRED COSTS DOCUMENTATION).
		

		
			 
		

		
			
		

		
			

		 

		

			3

		

		

			[***] Information has been omitted pursuant to Item 601(b)(2) of Regulation S-K.

		

		

			 

		

		

		
			10. All other terms and conditions not specifically modified or amended herein remain in full force and effect as provided for in the DDA and its Attachments, including Amendments 1 through 8. Capitalized terms, unless otherwise defined herein, shall have the meaning set forth in the DDA. This Amendment may only be modified or amended by a written document executed by the parties hereto.
		

		
			
		

		
			

		 

		

			4

		

		

			[***] Information has been omitted pursuant to Item 601(b)(2) of Regulation S-K.

		

		

			 

		

		

		
			IN WITNESS WHEREOF the Parties hereto have signed and executed this Amendment on the date(s) below.
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						SIGNED for and on behalf of

					
					
						    

					
					
						SIGNED for and on behalf of

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						HAPSMobile Inc.

					
					
						 

					
					
						AeroVironment, Inc.

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						By: 

					
					
						/s/ Junichi Miyakawa

					
					
						 

					
					
						By: 

					
					
						/s/ Trace Stevenson

				
	
					
						Name: 

					
					
						Junichi Miyakawa

					
					
						 

					
					
						Name: 

					
					
						Trace Stevenson

				
	
					
						Title: 

					
					
						President and CEO

					
					
						 

					
					
						Title: 

					
					
						VP Emerging Business and Deputy GM

				
	
					
						Date: 

					
					
						2019/11/15

					
					
						 

					
					
						Date: 

					
					
						2019/12/2

				

		
			 
		

		
			 
		

		
			

		 

		

			5

		

		

			[***] Information has been omitted pursuant to Item 601(b)(2) of Regulation S-K.

		

		

			 

		

		

		
			ATTACHMENT A
		

		
			 
		

		
			DELIVERABLES
		

		
			(This Attachment A is revised in its entirety by the Amendment No. 9 to the DDA)
		

		
			 
		

		
			1. Hardware Deliverables
		

		
			1.1 Aircraft Deliverables
		

		
			 
		

			
					
						Deliverables
Name

					
					
						Deliverable Description

					
					
						Relevant 
WBS

					
					
						Milestone 
No.

					
					
						Estimated
Completion 
Date

				
	
					
						Hawk30 Prototype [***]

					
					
						Stratospheric solar aircraft [***]

					
					
						2.3.2.3

					
					
						[***]

					
					
						[***]

				
	
					
						Hawk30 Prototype [***]

					
					
						Stratospheric solar aircraft [***]

					
					
						2.3.2.6

					
					
						[***]

					
					
						[***]

				

		
			 
		

		
			*1. [***].
		

		
			*2. [***].
		

		
			*3.  [***].
		

		
			The current physical solar array implementation plan is as follows:
		

		
			[***].
		

		
			[***].
		

		
			 
		

		
			
		

		
			 
		

		
			 
		

		
			 
		

		
			

		 

		

			1

		

		

			[***] Information has been omitted pursuant to Item 601(b)(2) of Regulation S-K.

		

		

			[___] = [***]

		

		

			 

		

		

		
			1.2 Ground Control System
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						Deliverables Name

					
					
						Deliverable Description

					
					
						Relevant 
WBS

					
					
						Milestone 
No.

					
					
						Estimated 
Completion 
Date

				
	
					
						Ground Control Stations and Misc. Equipment

					
					
						Ground Control Station [***] of the Hawk30 Prototype [***]

					
					
						2.2.6

					
					
						[***]

					
					
						[***]

				
	
					
						Hawk30 Prototype Operating Manuals

					
					
						Technical Data Package

					
					
						1.2.4.1

					
					
						[***]

					
					
						[***]

				
	
					
						Hawk30 Prototype Training Manuals

					
					
						Technical Data Package

					
					
						1.2.4.2

					
					
						[***]

					
					
						[***]

				

		
			*1  [***].
		

		
			 
		

		
			1.3 Motor Development
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						Deliverables Name

					
					
						Deliverable Description

					
					
						Relevant
WBS

					
					
						Milestone
No.

					
					
						Estimated
Completion
Date

				
	
					
						[***]

					
					
						[***] Project Data Memo

					
					
						2.2.1

					
					
						[***]

					
					
						[***]

				
	
					
						[***]

					
					
						[***]

					
					
						2.2.1

					
					
						[***]

					
					
						[***]

				
	
					
						[***]

					
					
						Technical data package of [***]

					
					
						2.2.1

					
					
						[***]

					
					
						[***]

				

		
			 
		

		
			2. Document Deliverables
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						Deliverables Name

					
					
						Deliverable Description

					
					
						Relevant
WBS

					
					
						Milestone
No.

					
					
						Estimated
Completion
Date

				
	
					
						CDR & Component Engineering Technical Data Package

					
					
						Technical Data Package.

					
						RFPs, RFIs, and RFQs.

					
					
						2.2

					
					
						[***]

					
					
						[***]

				
	
					
						Update Component Engineering

					
					
						Technical Data Package

					
					
						2.2

					
					
						[***]

					
					
						[***]

				
	
					
						Fab & Test First Wing Panel

					
					
						Technical Data Package.

					
						Recorded measurement data aerodynamic test data.

					
					
						2.2.3.1

					
					
						[***]

					
					
						[***]

				
	
					
						Functional Test Reports

					
					
						Acceptance test reports for components and assemblies

					
					
						2.3

					
					
						[***]

					
					
						[***]

				
	
					
						Initial Integrated Test Reports ([***])

					
					
						Initial Acceptance test reports for aircraft & Ground Control Station

					
					
						2.3.2.3

					
					
						[***]

					
					
						[***]

				
	
					
						Integrated Test Reports ([***])

					
					
						Acceptance test reports for aircraft & Ground Control Station

					
					
						2.3.2.3

					
					
						[***]

					
					
						[***]

				
	
					
						Integrated Test Reports ([***])

					
					
						Acceptance test reports for aircraft

					
					
						2.3.2.6

					
					
						[***]

					
					
						[***]

				
	
					
						[***]

					
					
						Acceptance inspection and close-out reports 

					
					
						2.3.2.8

					
					
						[***]

					
					
						[***]

				
	
					
						[***]

					
					
						[***] Hawk30 Solar Aircraft System

					
					
						1.1.5

					
					
						[***]

					
					
						[***]

				
	
					
						Low Altitude Flight Test Report

					
					
						Descriptive test report, Ships logs, maintenance report. Recorded flight data

					
					
						3.1

					
					
						[***]

					
					
						[***]

				
	
					
						[***]

					
					
						[***]

					
					
						2.2.2.5,
2.2.2.6

					
					
						[***]

					
					
						[***]

				

		
			 
		

		
			
		

		
			

		 

		

			2

		

		

			[***] Information has been omitted pursuant to Item 601(b)(2) of Regulation S-K.

		

		

			 

		

		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						High Altitude Flight Test Report

					
					
						Descriptive test report, Ships logs, maintenance report. Recorded flight data.

					
					
						3.2

					
					
						[***]

					
					
						[***]

				
	
					
						[***]

					
					
						[***].

					
					
						3.2

					
					
						[***]

					
					
						[***]

				
	
					
						Long Duration Flight Test Report

					
					
						Descriptive test report, Ships logs, maintenance report.

					
						Recorded flight data (All command and telemetry stream data between the ground control station as Raw Data).

					
					
						3.2

					
					
						[***]

					
					
						[***]

				
	
					
						Final Engineering Technical Data Package

					
					
						Technical Data Package.

					
						Hawk30 Solar Aircraft System controlling specifications and requirements.

					
					
						Various

					
					
						[***]

					
					
						[***]

				
	
					
						Logistics Instruction Document Package

					
					
						Logistics Instruction Manuals for Assembly/Disassembly, Packaging, Transporting, etc. for management purpose.

					
					
						Various

					
					
						All

					
					
						Corresponding Milestone Completion Date

				

		
			 
		

		
			As used in this Attachment A, and as limited by Section 4.8 in the IPLA, “Technical Data Package” means:
		

		
			 
		

			
	
			
				 1.
			

			
	
			
			[***]

			
	
			
				 2.
			

			
	
			
			[***]

			
	
			
				 3.
			

			
	
			
			System specifications

			
	
			
				 4.
			

			
	
			
			System description documents

			
	
			
				 5.
			

			
	
			
			System performance data

			
	
			
				 6.
			

			
	
			
			[***]

			
	
			
				 7.
			

			
	
			
			[***].

		
			 
		

		
			“Technical Data Package” transfer could be in various forms, for example:
		

		
			 
		

			
	
			
				 1.
			

			
	
			
			Agile database export in PDX file which will include PDF files for assembly drawings, DOC for procedures and test plans, and EXE files for executable code.

			
	
			
				 2.
			

			
	
			
			Specifications, descriptions, Program Data Memos, test data in a ZIP file which can include a combination of DOC, XLS, and other data formats.

		
			 
		

		
			 
		

		
			

		 

		

			3

		

		

			[***] Information has been omitted pursuant to Item 601(b)(2) of Regulation S-K.

		

		

			 

		

		

		
			Exhibit A
		

		
			 
		

		
			Source Code to be Provided by AV to HAPSMobile
		

		
			 
		

		
			1.     Software and Firmware Tabular View
		

		
			 
		

		
			
		

		
			 
		

		
			 
		

		
			 
		

		
			

		 

		

			1

		

		

			[***] Information has been omitted pursuant to Item 601(b)(2) of Regulation S-K.

		

		

			[___] = [***]

		

		

		
			ATTACHMENT F
		

		
			 
		

		
			INVOICE AND INCURRED COSTS DOCUMENTATION
		

		
			 
		

		
			(This Attachment F is revised in its entirety by the Amendment No. 9 to the DDA)
		

		
			 
		

		
			PRICING AND PAYMENT SCHEDULE
		

		
			1.  Payment for Work Step2
		

		
			1.1   Total Contract Value
		

		
			The total amount of Design and Development Fees payable for Step 2 is Not-to-Exceed USD $146,248,301 based on Best Efforts. The Contract Value may be modified by the Parties as a result of Change Control or by any other amendment to the Agreement (the current contract value at any time under this Agreement shall be the “Contract Value”). The Parties agree to account for payment of USD $5,988,678 already made by SoftBank to AV as payment for the consideration of Step 2 Bridge Contract as partial payment for commencing Step 2. The Parties shall pay to AV the remaining balance of USD $140,259,623, consists from USD $69,800,624 as Initial Contract Value, and incremental amount by Amendment No.1, USD $17,226,306 as additional cost by Amendment No.5, USD $38,675,443 as additional cost by Amendment No.7, and further additional funding of USD $14,557,250 subject to EAC adjustment activity done on [***], in accordance with Exhibit A to this Attachment F Project Funds Status Report accompanied by a combined Milestone & Monthly Invoice approach as detailed further in this Attachment F. Each Milestone payment shall be payable after completion of the applicable Milestone according to Completion criteria on Attachment H.
		

		
			 
		

		
			1.2   Contract Value Growing Transition
		

		
			The Initial Contract Value may be modified by the Parties as a result of Change Control or by any other amendment to the Agreement (the current contract value at any time under this Agreement shall be the “Contract Value”). Each Party recognizes the total Project Cost has grown as follows;
		

			
	
			
				 a.
			

			
	
			
			SoftBank and AV concluded Step 2 Bridge Contract for preliminary development activity for Step2, and payment of USD $5,988,678 was made to AV by SoftBank;

			
	
			
				 b.
			

			
	
			
			SoftBank, HM, and AV agree to account for payment of USD $5,988,678 already made by SoftBank to AV as defined as above as partial payment ("Taken-Over Value”) for commencing Step 2. HAPSMobile;

			
	
			
				 c.
			

			
	
			
			Initial contract value for DDA was USD $65,011,481 (“Initial Value”), and USD $71,000,159 in case including Taken-Over Value;

			
	
			
				 d.
			

			
	
			
			USD $4,789,143 was added to Initial value by the execution of the Amendment No.1 and total value was modified to USD $69,800,624 (“Amendment 1 Value”), and USD $75,789,302 in case including Taken-Over Value;

			
	
			
				 e.
			

			
	
			
			USD $17,226,306 was added to Amendment 1 Value by the execution of the Amendment No.5 and total value was modified to USD $87,026,930 (“Amendment 5 Value”), and USD $93,015.608 in case including Taken-Over Value;

			
	
			
				 f.
			

			
	
			
			USD $38,675,443 was added to Amendment 5 Value by the execution of the Amendment No.7 and total value was modified to USD $125,702,373, and USD $ 131,691,051 in case including Taken-Over Value;

		
			
		

		
			

		 

		

			2

		

		

			[***] Information has been omitted pursuant to Item 601(b)(2) of Regulation S-K.

		

		

			 

		

		

			
	
			
				 g.
			

			
	
			
			USD $14,557,250 as further incremental funding subject to EAC adjustment activity done on [***] and caused by [***] Project Milestones extension as defined in detail in Attachment H herein, SoW and technical requirement changes as defined in detail in Attachment C herein; and the contract value reaches USD $140,259,623, in case including Taken-Over Value then USD$146,248,301.

		
			 
		

		
			1.3   Work Order Issuance Schedule
		

		
			HAPSMobile agrees to issue six (6) scheduled separate Orders and may issue three (3) optional separate Orders (“Optional Orders”)to AV for authorization of Work. The Orders shall be issued as follows:
		

			
	
			
				 a.
			

			
	
			
			initial Order [***];

			
	
			
				 b.
			

			
	
			
			second Order [***];

			
	
			
				 c.
			

			
	
			
			the third Order [***];

			
	
			
				 d.
			

			
	
			
			the fourth Order [***];

			
	
			
				 e.
			

			
	
			
			the fifth Order [***];

			
	
			
				 f.
			

			
	
			
			and two more optional Orders will be defined further more in detail in 4.1 herein. Each Order will be issued pursuant to the terms and conditions of this Agreement including the attachments thereto. Work performed under the Orders will be in support of the entire Statement of Work based on best effort, up to the value funded on the Order.

		
			 
		

		
			1.4   Milestone Target Budget Values & Forecast Revisions
		

		
			Exhibit A (Project Funds Status Report) to this Attachment F assigns Initial Target Budget values for each of the 10 Milestones identified in Attachment H.
		

		
			AV will provide updates and revisions to the Initial Target Budget values for each Milestone and revised and updated forecasts for such Milestones to HAPSMobile on a monthly basis. Milestone values are subject to Change Control based on updated forecasts of program resource requirements to complete the Work required under this Agreement, including the SOW(Attachment C). Milestone values will be based on the AV labor projected spend plan forecasted for each AV fiscal month.
		

		
			 
		

		
			1.5   Milestone Invoicing & Payment
		

		
			Upon AV’s written notification to HAPSMobile of AV’s completion of a Milestone, AV will provide an invoice for all AV labor Incurred Costs and [***]% fee. Invoices will include all program labor expenses incurred by AV up through the date of the Milestone acceptance, less any labor already paid for in prior Milestone invoices.  Milestones completed before the 15th of the calendar month will be based on actuals from the prior AV fiscal month end. Milestones completed after [***] of the calendar month will be invoiced upon completion of that fiscal month. [***].
		

		
			[***].
		

		
			Notwithstanding the foregoing provisions of this section 1.5, Milestone invoiced amount especially for Milestone 5 [***]  ([***]), Milestone 6 ([***]) and Milestone 7 ([***]) shall be paid in respect of each valid invoice no later than, but not be obliged to pay before April 15, 2020. All Milestone payments thereafter will be reevaluated and a decision will be made at the [***] of whether milestone payments will return to their original NET 15 payment terms as originally planned in the DDA or if an extension of NET90 will be permitted.
		

		
			 
		

		
			
		

		
			

		 

		

			3

		

		

			[***] Information has been omitted pursuant to Item 601(b)(2) of Regulation S-K.

		

		

			 

		

		

		
			1.6   Non-Milestone Invoicing & Payment (Monthly Invoices)
		

		
			Program expenses for material, subcontract and other direct costs will be invoiced by AV to HAPSMobile on a monthly basis based on actual Incurred Cost and [***]% fee. Invoices to be submitted within 4 Business Days after each calendar month end. HAPSMobile agrees to pay each such invoice within the same calendar month. Invoices for material related Cost will be provided with applicable level of detailed description for HAPSMobile’s book keeping purpose.
		

		
			Notwithstanding the foregoing provisions of this section 1.6, for the Monthly Invoice for November of 2019 through March 2020, HAPSMobile shall make payment in respect of each valid Monthly Invoice no later than, but not be obliged to pay before, ninety (90) calendar days of the end of the calendar month in which the relevant invoice was received by HAPSMobile All non-milestone payments thereafter will be reevaluated and a decision will be made at the [***] of whether milestone payments will return to their original payment made within the same calendar month as the invoice is received or if an extension of NET90 will be permitted.
		

		
			1.7   Currency
		

		
			All payments under this Agreement shall be made in United States dollars.
		

		
			1.8   Excess Incurred Costs
		

			
	
			
				 a.
			

			
	
			
			In the event that AV identifies a projected increase in Incurred Costs by AV for the performance of its obligations under the Agreement as identified in the Monthly Status Report, in excess of the Not-to-Exceed Value of the Order as identified in Article 2.3 then the Parties agree the excess of the amount and continue to proceed the Project subject to the process set forth in the Section 4 of this ATTACHMENT F, HAPSMobile may,

			
	
			
				 (1)
			

			
	
			
			agree to authorize AV to incur the excess costs and provide a modification to increase the Contract Value, provided however that both Parties shall follow the Change Control set forth in Article 2.4 of the Agreement or Amendment of Agreement set forth in Article 13. Should HAPSMobile authorize additional spending, all of AV’s Incurred Costs must be paid to AV with the applicable [***]% fee;

			
	
			
				 (2)
			

			
	
			
			agree in accordance with the Change Control or Amendment of Agreement to reduce the Scope of Agreement so that AV’s performance of the Scope of Agreement will be projected to fall within the amount of the then current Contract Value; or

			
	
			
				 (3)
			

			
	
			
			Terminate the Agreement for convenience as contemplated by Article 12.3 of the Agreement and pay AV all Termination Liability as defined in paragraph 1.7 of this attachment.

		
			 
		

		
			1.9   Unutilized Consideration
		

		
			In the event of a projected cost underrun as identified in a Monthly Status Report, any amounts from the Order which remain after completion of the Scope of Agreement may be reimbursed or, if authorized by HAPSMobile separately and specifically, utilized for AV’s risk reduction or additional scope to be defined through written mutual agreement subject to the terms of this Agreement. To avoid confusion, the total amount as identified in paragraph 1 of this Attachment and any portion thereof, to the extent that it is utilized, must be utilized only for matters or items within the Scope of Agreement and any additional scope as agreed. Incurred Costs shall be inclusive of any applicable consumption, value added tax or any other applicable sales/use tax. For the avoidance of doubt, the Incurred Costs shall be exclusive of any and all import duties.
		

		
			 
		

		
			
		

		
			

		 

		

			4

		

		

			[***] Information has been omitted pursuant to Item 601(b)(2) of Regulation S-K.

		

		

			 

		

		

		
			1.10 Termination Liability
		

		
			AV’s Termination Liability (defined as: all of AV’s Step 2 Incurred Costs incurred prior to the date of the ramp down period specified in Article 12.5 of the Agreement plus the applicable [***]% fee, less all payments received by AV from HAPSMobile under this Agreement, plus all material, subcontract, other direct costs including open commitments and other wind down costs outstanding as of the start of the ramp down period, plus 60 days of AV labor costs incurred during the ramp down period) will be billed to HAPSMobile 30 days after the end of ramp down period and Termination Liability shall not exceed then current Contract Value but AV labor cost may be compensated exceeding then current Contract Value based upon actual Work performed. Schedule delays may occur and be resolved subject to Article 3.2 of the Agreement.
		

		
			 
		

		
			2.     Fee Assumptions
		

		
			2.1 Exclusion
		

			
	
			
				 1.
			

			
	
			
			Range Fees for the High Altitude and Endurance Flight Tests shall be borne by, and be the sole responsibility of, HAPSMobile. AV and HAPSMobile will mutually consult to set up an appropriate implementation plan for High Altitude and Endurance Flight Tests minimizing such Range Fees in accordance with Attachment C and D.

			
	
			
				 2.
			

			
	
			
			Payload Integration is based on the [***] payload only, any changes to Payload Supplier and/or integration will be subject change control process.

			
	
			
				 3.
			

			
	
			
			Labor, shipping and other costs are not included, however is inclusive of labor for obtaining the clearance and permission under EAR or related export regulations for delivery of [***],  [***] and GCS at other than the Lanai, Hawaii flight test location. Any changes to the final delivery location will be subject to change control process.

		
			 
		

		
			3. Change Control & Agreement Amendments Payment Schedule
		

		
			HAPSMobile agrees to pay to AV all additional Incurred Costs resulting from any fee adjustments for the Work pursuant to any Change Control per Attachment G or any other amendments to the Agreement, but in any case subject to the terms set forth in Section 1.9 in this ATTACHMENT F. After being provided with a request or providing a Change Control Proposal as provided on Attachment G or any other amendment to the Agreement. AV will provide HAPSMobile with a Change Assessment (as contemplated by Attachment G) or a similar assessment or other proposed amendments to the Agreement with estimated additional or reduced Incurred Costs plus the applicable fee for the applicable Change Control Proposal or other proposed Agreement amendment along with the costs estimation documentation. In the event of a projected increase in Incurred Costs by AV in performance of the Agreement pursuant to Change Control Proposal or other proposed Agreement amendment would result in a total Contract Value that exceeds the then-current Contract Value, HAPSMobile will agree to authorize AV to incur the excess costs (thus increasing the Contract Value) or the Parties will agree in the Change Control (or pursuant to any other Agreement amendment) to reduce the Scope of Agreement so that AV’s performance of the Scope of Agreement will fall within the then-current Contract Value. Any increase in Contract Value that exceeds causes the value of this Agreement to exceed the Initial Contract Value shall require approval by HAPSMobile's board of directors.
		

		
			The tables below provide the basis for calculating the additional Fees applicable for Change Controls and other Agreement amendments as a result of a Change or other Agreement amendment that may be required from time to time in accordance with relevant clauses of the Agreement.
		

		
			 
		

			
					
						 

					
					
						 

				
	
					
						Cost Element

					
					
						Description

				
	
					
						Labor 

					
					
						[***]

				
	
					
						Labor Total Cost w/[***]% Fee

					
					
						[***]

				
	
					
						Material Total Cost w/[***]% Fee

					
					
						[***]

				

		
			 
		

		
			
		

		
			

		 

		

			5

		

		

			[***] Information has been omitted pursuant to Item 601(b)(2) of Regulation S-K.

		

		

			 

		

		

		
			 
		

			
					
						 

					
					
						 

				
	
					
						Subcontract Total Cost w/[***]% Fee

					
					
						[***]

				
	
					
						Other Direct Costs (ODC) Total Cost w/[***]% Fee

					
					
						[***]

				

		
			 
		

		
			4. Fifth Work Order and Optional Order
		

		
			4.1 Order Schedule
		

		
			The Fifth Work Order and the following Optional Order will be organized as follows;
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						USD)

					
						 

					
					
						 

				
	
					
						Name

					
					
						Covered SoW

					
					
						Covered Milestone

					
					
						WO value

					
						(USD)

					
					
						WO due date

				
	
					
						The fifth Work Order

					
					
						[***]

					
					
						[***]

					
					
						[***]

					
					
						[***]

				
	
					
						The sixth Work Order

					
					
						[***]

					
					
						[***]

					
					
						[***]

					
					
						[***]

				
	
					
						Optional Order #1

					
					
						[***]

					
					
						[***]

					
					
						[***]

					
					
						[***]

				

		
			 
		

		
			*remark
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						Definition

					
					
						Meaning

					
					
						Decision Due Date

				
	
					
						[***]

					
					
						[***]

					
					
						[***]

				

		
			 
		

		
			HM shall issue the fifth Work Order as defined above, and HM may issue the Optional Order by fully HM’s option considering [***] but until WO due date defined as the above.
		

		
			 
		

		
			4.2 Effect of No Issuance of Optional Order
		

		
			In case HM does not issue the Optional Order before or on the due date, AV may suspend the entrance of the equivalent Milestone and covered Works until AV receives the Optional Order. In the event of Optional Work Orders are not exercised, AV will transfer all assets to HAPSMobile.
		

		
			 
		

		
			Exhibit A – Project Funds Status Report
		

		
			 
		

		
			Exhibit B – Monthly Status Report (Example)
		

		
			 
		

		
			Exhibit C – Milestone Invoice (Example)
		

		
			 
		

		
			 
		

		
			

		 

		

			6

		

		

			[***] Information has been omitted pursuant to Item 601(b)(2) of Regulation S-K.

		

		

			 

		

		

		
			Exhibit A to Attachment F – Project Funds Status Report
		

		
			1. Estimate at Completion on Dec.10,2017
		

		
			 
		

		
			
		

		
			 
		

		
			 
		

		
			 
		

		
			

		 

		

			1

		

		

			[***] Information has been omitted pursuant to Item 601(b)(2) of Regulation S-K.

		

		

			[___] = [***]

		

		

			 

		

		

		
			 
		

		
			
		

		
			 
		

		
			 
		

		
			

		 

		

			1

		

		

			[***] Information has been omitted pursuant to Item 601(b)(2) of Regulation S-K.

		

		

			[___] = [***]

		

		

			 

		

		

		
			2. Estimate at Completion on Dec.10,2018
		

		
			 
		

		
			
		

		
			 
		

		
			
		

		
			 
		

		
			 
		

		
			

		 

		

			1

		

		

			[***] Information has been omitted pursuant to Item 601(b)(2) of Regulation S-K.

		

		

			[___] = [***]

		

		

			 

		

		

		
			
		

		
			 
		

		
			 
		

		
			

		 

		

			1

		

		

			[***] Information has been omitted pursuant to Item 601(b)(2) of Regulation S-K.

		

		

			[___] = [***]

		

		

			 

		

		

		
			3. Estimate at Completion on March 4,2019
		

		
			 
		

		
			
		

		
			 
		

		
			
		

		
			 
		

		
			
		

		
			 
		

		
			
		

		
			 
		

		
			 
		

		
			

		 

		

			1

		

		

			[***] Information has been omitted pursuant to Item 601(b)(2) of Regulation S-K.

		

		

			[___] = [***]

		

		

			 

		

		

		
			4. Estimate at Completion on September 2019
		

		
			 
		

		
			
		

		
			 
		

		
			
		

		
			 
		

		
			 
		

		
			

		 

		

			1

		

		

			[***] Information has been omitted pursuant to Item 601(b)(2) of Regulation S-K.

		

		

			[___] = [***]

		

		

			 

		

		

		
			
		

		
			 
		

		
			
		

		
			 
		

		
			 
		

		
			

		 

		

			1

		

		

			[***] Information has been omitted pursuant to Item 601(b)(2) of Regulation S-K.

		

		

			[___] = [***]

		

		

			 

		

		

		
			Exhibit B to Attachment F – Monthly Status Report (Example)
		

		
			 
		

		
			
		

		
			AeroVironment Inc.
		

		
			980 Enchanted Way
		

		
			Simi Valley, California 93065 – U.S.A.
		

		
			Telephone 1(805) 581-2187 – FAX 1(805) 584-6922
		

		
			 
		

		
			

		 

		

			2

		

		

			[***] Information has been omitted pursuant to Item 601(b)(2) of Regulation S-K.

		

		

			 

		

		

		
			Approvals:
		

		
			 
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						<Enter Name here>

					
						Originator

					
					
						 

					
					
						Date

				

		
			 
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						<Enter Name here>

					
						Project Manager

					
					
						 

					
					
						Date

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						<Enter Name here>

					
						Program Manager

					
					
						 

					
					
						Date

				
	
					
						 

					
					
						 

					
					
						 

				

		
			 
		

		
			
		

		
			

		 

		

			3

		

		

			[***] Information has been omitted pursuant to Item 601(b)(2) of Regulation S-K.

		

		

			 

		

		

		
			REVISION HISTORY
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						REV

					
					
						EDIT DATE

					
					
						AUTHOR

					
					
						DESCRIPTION

				
	
					
						A

					
					
						MM/DD/YYYY

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

				

		
			 
		

		
			
		

		
			

		 

		

			4

		

		

			[***] Information has been omitted pursuant to Item 601(b)(2) of Regulation S-K.

		

		

			 

		

		

		
			TABLE OF CONTENTS
		

		
			 
		

		
			
		

		
			 
		

		
			 
		

		
			

		 

		

			5

		

		

			[***] Information has been omitted pursuant to Item 601(b)(2) of Regulation S-K.

		

		

			 

		

		

		
			INTRODUCTION
		

		
			 
		

		
			<<HIGH LEVEL PROGRAM OVERVIEW>>
		

		
			 
		

		
			<<STOPLIGHT CHART>>
		

		
			 
		

		
			
		

		
			TECHNICAL ACCOMPLISHMENTS
		

		
			 
		

		
			What efforts were started this period?
		

		
			<<Description of work started and performed during the reporting month>>
		

		
			Task 5
		

		
			Task 6
		

		
			Task 7
		

		
			Task ...X
		

		
			 
		

		
			What efforts were completed this period?
		

		
			<<Description of work completed and performed during the reporting month>>
		

		
			Task 1
		

		
			Task 2
		

		
			Task 3
		

		
			Task 4
		

		
			 
		

		
			
		

		
			

		 

		

			6

		

		

			[***] Information has been omitted pursuant to Item 601(b)(2) of Regulation S-K.

		

		

			[___] = [***]

		

		

			 

		

		

		
			Key Subcontract Status:
		

		
			 
		

		
			Subcontractor A:
		

		
			 
		

		
			Subcontractor B:
		

		
			 
		

		
			Subcontractor C:
		

		
			 
		

		
			SCHEDULE UPDATE
		

		
			 
		

		
			Integrated Master Schedule Update <<EXAMPLE>>
		

		
			 
		

		
			
		

		
			 
		

		
			Milestone Status Update
		

		
			 
		

		
			
		

		
			

		 

		

			7

		

		

			[***] Information has been omitted pursuant to Item 601(b)(2) of Regulation S-K.

		

		

			[___] = [***]

		

		

			 

		

		

		
			REFERENCE TO ATTACHMENT H
		

		
			 
		

		
			SPEND PLAN
		

		
			 
		

		
			Spend Plan Update
		

		
			 
		

		
			
		

		
			 
		

		
			
		

		
			 
		

		
			
		

		
			

		 

		

			8

		

		

			[***] Information has been omitted pursuant to Item 601(b)(2) of Regulation S-K.

		

		

			[___] = [***]

		

		

			 

		

		

		
			
		

		
			
		

		
			 
		

		
			COST PERFORMANCE REPORT
		

		
			Cost Performance Update
		

		
			 
		

		
			
		

		
			

		 

		

			9

		

		

			[***] Information has been omitted pursuant to Item 601(b)(2) of Regulation S-K.

		

		

			[___] = [***]

		

		

			 

		

		

		
			
		

		
			 
		

		
			SCHEDULE PERFORMANCE REPORT
		

		
			<<Schedule Performance Report>>
		

			
	
			
				 ·
			

			
	
			
			Critical Path Analysis

			
	
			
				 ·
			

			
	
			
			Schedule Performance Index (if applicable)

			
	
			
				 ·
			

			
	
			
			Near term upcoming milestones (30 – 60 days )

			
	
			
				 o
			

			
	
			
			Milestone 1 =

			
	
			
				 o
			

			
	
			
			Milestone 2 =

			
	
			
				 o
			

			
	
			
			Milestone X =

		
			
		

		
			

		 

		

			10

		

		

			[***] Information has been omitted pursuant to Item 601(b)(2) of Regulation S-K.

		

		

			[___] = [***]

		

		

			 

		

		

		
			MONTHLY INVOICE – (NON-LABOR)
		

		
			 
		

		
			
		

		
			 
		

		
			
		

		
			

		 

		

			11

		

		

			[***] Information has been omitted pursuant to Item 601(b)(2) of Regulation S-K.

		

		

			[___] = [***]

		

		

			 

		

		

		
			Exhibit C to Attachment F
		

		
			
		

		
			 
		

		
			 
		

		
			
		

		
			

		 

		

			12

		

		

			[***] Information has been omitted pursuant to Item 601(b)(2) of Regulation S-K.

		

		

			[___] = [***]

		

		

			 

		

		

		
			
		

		
			 
		

		
			

		 

		

			13

		

		

			[***] Information has been omitted pursuant to Item 601(b)(2) of Regulation S-K.

		

		

			[___] = [***]

		

		

			 

		

		

		
			 
		

		
			ATTACHMENT H
		

		
			 
		

		
			PROJECT MILESTONE
		

		
			 
		

		
			(This Attachment H is revised in its entirety by the Amendment No. 9 to the DDA)
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						#

					
					
						Milestone

					
					
						Criteria

					
					
						Date

				
	
					
						1

					
					
						[***]

					
					
						[***]

				
	
					
						 

					
					
						[***]

					
					
						 

				
	
					
						 

					
					
						 

					
					
						[***].

					
						[***].

					
						[***].

					
						[***].

					
						[***].

					
						[***].

					
						[***]

					
						[***].

					
						[***]

					
						[***].

					
						[***].

					
						[***].

					
						[***].

					
						[***].

					
					
						 

				
	
					
						2

					
					
						[***]

					
					
						[***]

				
	
					
						 

					
					
						[***].

					
						
[***]:

					
						[***].

					
					
						 

				
	
					
						 

					
					
						 

					
					
						[***]

					
						[***].  

					
						[***].  

					
						[***].  

					
						[***].

					
						[***].

					
					
						 

				
	
					
						3

					
					
						[***] 

					
					
						[***]

				
	
					
						 

					
					
						[***].

					
						 

					
						[***]:

					
						[***].

					
					
						 

				
	
					
						 

					
					
						 

					
					
						[***].

					
						[***].

					
						[***].

					
						[***]:

					
						[***].

					
						[***].

					
					
						 

				
	
					
						4

					
					
						[***]

					
					
						[***]

				
	
					
						 

					
					
						[***].  

					
						 

					
						[***]:

					
						[***].

					
					
						 

				

		
			 
		

		
			
		

		

		 

		

			14

		

		

			[***] Information has been omitted pursuant to Item 601(b)(2) of Regulation S-K.

		

		

			 

		

	
					
						

					
						 

					
					
						 

					
					
						[***]

					
						[***].

					
						[***].

					
						[***].

					
						[***].

					
					
						 

				
	
					
						5

					
					
						[***]

					
					
						[***]

				
	
					
						 

					
					
						[***].

					
						 

					
						[***]:

					
						[***].

					
					
						 

				
	
					
						 

					
					
						 

					
					
						[***]

					
						     [***].

					
						     [***].

					
						     [***].

					
						     [***].

					
						[***].

					
						     [***].

					
						     [***].

					
						     [***].

					
					
						 

				
	
					
						6

					
					
						[***]

					
					
						[***]

				
	
					
						 

					
					
						[***].

					
						 

					
						[***]:

					
						[***].

					
					
						 

				
	
					
						 

					
					
						 

					
					
						[***]:

					
						     [***].

					
						     [***].

					
						     [***].

					
						     [***].

					
						     [***].  

					
						 

					
					
						 

				
	
					
						7

					
					
						[***]

					
					
						[***]

				
	
					
						 

					
					
						[***].  

					
						 

					
						[***]:

					
						[***].

					
					
						 

				
	
					
						 

					
					
						 

					
					
						[***]

					
						[***].

					
					
						 

				
	
					
						8

					
					
						[***]

					
					
						[***]

				
	
					
						 

					
					
						[***].

					
						 

					
						[***]:

					
						[***].

					
					
						 

				
	
					
						 

					
					
						 

					
					
						[***]:

					
						     [***].

					
						     [***].

					
						     [***].

					
						     [***].

					
						     [***].

					
						     [***].

					
					
						 

				

		
			 
		

		
			
		

		
			

		 

		

			15

		

		

			[***] Information has been omitted pursuant to Item 601(b)(2) of Regulation S-K.

		

		

			 

		

		

		
			 
		

			
					
						9

					
					
						[***]

					
					
						[***]

				
	
					
						 

					
					
						[***].

					
						 

					
						[***]:

					
						[***].

					
					
						 

				
	
					
						 

					
					
						 

					
					
						[***]:

					
						     [***].  

					
						     [***].

					
						     [***].

					
						     [***]

					
						     [***].

					
						 

					
					
						 

				
	
					
						10

					
					
						[***]

					
					
						[***]

				
	
					
						 

					
					
						[***].

					
						 

					
						[***]:

					
						[***].

					
						 

					
						[***].

					
					
						 

				
	
					
						 

					
					
						 

					
					
						[***]:

					
						     [***].

					
						     [***].

					
						     [***]

					
						     [***].

					
						[***].

					
						[***].

					
					
						 

				

		
			 
		

		
			 
		

		
			 
		

		 

		

			16

		

		

			[***] Information has been omitted pursuant to Item 601(b)(2) of Regulation S-K.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00305-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00305-of-00352.parquet"}]]