Document:

EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 

MASTER SEPARATION AGREEMENT 

BY AND BETWEEN 
 NETGEAR, INC.

 AND 
 ARLO TECHNOLOGIES, INC.

  
  

Dated as of August 2, 2018 

 TABLE OF CONTENTS 
  

							
	 	 	 	  	Page	 
	SCHEDULES	  	 	iv	 
	EXHIBITS	  	 	iv	 
	ARTICLE I DEFINITIONS	  	 	2	 
		
	ARTICLE II THE SEPARATION	  	 	16	 
			
	 2.1
	 	 Transfer of Assets and Assumption of Liabilities
	  	 	16	 
	 2.2
	 	 Arlo Assets; Parent Assets
	  	 	19	 
	 2.3
	 	 Arlo Liabilities; Parent Liabilities
	  	 	22	 
	 2.4
	 	 Separation Date
	  	 	24	 
	 2.5
	 	 Approvals and Notifications
	  	 	24	 
	 2.6
	 	 Assignment and Novation of Liabilities
	  	 	27	 
	 2.7
	 	 Release of Guarantees
	  	 	29	 
	 2.8
	 	 Termination of Agreements
	  	 	30	 
	 2.9
	 	 Treatment of Shared Contracts
	  	 	31	 
	 2.10
	 	 Bank Accounts; Cash Balances
	  	 	32	 
	 2.11
	 	 Ancillary Agreements
	  	 	33	 
	 2.12
	 	 Disclaimer of Representations and Warranties
	  	 	33	 
		
	ARTICLE III THE IPO	  	 	34	 
			
	 3.1
	 	 Sole and Absolute Discretion; Cooperation
	  	 	34	 
	 3.2
	 	 Actions Prior to the IPO
	  	 	34	 
	 3.3
	 	 Conditions Precedent to Consummation of the IPO.
	  	 	35	 
		
	ARTICLE IV THE DISTRIBUTION	  	 	37	 
			
	 4.1
	 	 Sole and Absolute Discretion; Cooperation
	  	 	37	 
	 4.2
	 	 Actions Prior to the Distribution
	  	 	37	 
	 4.3
	 	 Conditions to the Distribution
	  	 	38	 
	 4.4
	 	 The Distribution
	  	 	39	 
		
	ARTICLE V MUTUAL RELEASES; INDEMNIFICATION	  	 	40	 
			
	 5.1
	 	 Release of Pre-Separation Claims
	  	 	40	 
	 5.2
	 	 Indemnification by Arlo
	  	 	43	 
	 5.3
	 	 Indemnification by Parent
	  	 	44	 
	 5.4
	 	 Indemnification Obligations Net of Insurance Proceeds and Other Amounts
	  	 	45	 
	 5.5
	 	 Procedures for Indemnification of Third-Party Claims
	  	 	46	 
	 5.6
	 	 Additional Matters
	  	 	48	 
	 5.7
	 	 Right of Contribution
	  	 	49	 
	 5.8
	 	 Covenant Not to Sue
	  	 	50	 
	 5.9
	 	 Remedies Cumulative
	  	 	50	 
	 5.10
	 	 Survival of Indemnities
	  	 	50	 

  
 -i- 

							
	ARTICLE VI CERTAIN OTHER MATTERS	  	 	51	 
			
	 6.1
	 	 Arlo Financial Covenants
	  	 	51	 
	 6.2
	 	 Auditors and Audits; Annual Financial Statements and Accounting
	  	 	54	 
	 6.3
	 	 Parent Financial Information Certifications
	  	 	56	 
	 6.4
	 	 Covenants Relating to the Incurrence of Indebtedness
	  	 	56	 
	 6.5
	 	 Other Covenants
	  	 	57	 
	 6.6
	 	 Intellectual Property Developed Between the Separation and the Distribution
	  	 	59	 
	 6.7
	 	 Names Following the Separation
	  	 	59	 
	 6.8
	 	 Insurance Matters
	  	 	61	 
	 6.9
	 	 Late Payments
	  	 	63	 
	 6.10
	 	 Inducement
	  	 	64	 
	 6.11
	 	 Post-Separation Time Conduct
	  	 	64	 
		
	ARTICLE VII EXCHANGE OF INFORMATION; CONFIDENTIALITY	  	 	64	 
			
	 7.1
	 	 Agreement for Exchange of Information
	  	 	64	 
	 7.2
	 	 Ownership of Information
	  	 	64	 
	 7.3
	 	 Compensation for Providing Information
	  	 	65	 
	 7.4
	 	 Record Retention
	  	 	65	 
	 7.5
	 	 Limitations of Liability
	  	 	65	 
	 7.6
	 	 Other Agreements Providing for Exchange of Information
	  	 	65	 
	 7.7
	 	 Production of Witnesses; Records; Cooperation
	  	 	66	 
	 7.8
	 	 Privileged Matters
	  	 	67	 
	 7.9
	 	 Confidentiality
	  	 	69	 
	 7.10
	 	 Protective Arrangements
	  	 	70	 
		
	ARTICLE VIII DISPUTE RESOLUTION	  	 	71	 
			
	 8.1
	 	 Good Faith Officer Negotiation
	  	 	71	 
	 8.2
	 	 Good-Faith Negotiation
	  	 	71	 
	 8.3
	 	 Arbitration
	  	 	71	 
	 8.4
	 	 Litigation and Unilateral Commencement of Arbitration
	  	 	72	 
	 8.5
	 	 Conduct During Dispute Resolution Process
	  	 	72	 
		
	ARTICLE IX FURTHER ASSURANCES AND ADDITIONAL COVENANTS	  	 	73	 
			
	 9.1
	 	 Further Assurances
	  	 	73	 
		
	ARTICLE X TERMINATION	  	 	73	 
			
	 10.1
	 	 Termination by Mutual Consent
	  	 	73	 
	 10.2
	 	 Other Termination
	  	 	73	 
	 10.3
	 	 Effect of Termination
	  	 	74	 
		
	ARTICLE XI MISCELLANEOUS	  	 	74	 
			
	 11.1
	 	 Counterparts; Entire Agreement; Corporate Power
	  	 	74	 
	 11.2
	 	 Governing Law
	  	 	75	 
	 11.3
	 	 Assignability
	  	 	75	 
	 11.4
	 	 Third-Party Beneficiaries
	  	 	75	 
	 11.5
	 	 Notices
	  	 	76	 

  
 -ii- 

							
	 11.6
	 	 Severability
	  	 	76	 
	 11.7
	 	 Force Majeure
	  	 	77	 
	 11.8
	 	 No Set-Off
	  	 	77	 
	 11.9
	 	 Expenses
	  	 	77	 
	 11.10
	 	 Headings
	  	 	77	 
	 11.11
	 	 Survival of Covenants
	  	 	77	 
	 11.12
	 	 Waivers of Default
	  	 	78	 
	 11.13
	 	 Specific Performance
	  	 	78	 
	 11.14
	 	 Amendments
	  	 	78	 
	 11.15
	 	 Interpretation
	  	 	78	 
	 11.16
	 	 Limitations of Liability
	  	 	79	 
	 11.17
	 	 Performance
	  	 	79	 
	 11.18
	 	 Mutual Drafting
	  	 	79	 

  
 -iii- 

 SCHEDULES 
  

			
	Schedule 1.1(a)	  	Arlo Business
	Schedule 1.1(b)	  	Parent Business
	Schedule 1.2(a)	  	Arlo Customer Contracts
	Schedule 1.2(b)	  	Arlo Vendor Contracts
	Schedule 1.2(c)	  	Arlo License Agreements
	Schedule 1.2(l)	  	Other Arlo Contracts
	Schedule 1.3	  	Arlo Core Software
	Schedule 1.4	  	Arlo Information Technology
	Schedule 1.5	  	Parent Information Technology
	Schedule 1.6	  	Arlo Marks
	Schedule 1.7	  	Arlo Patents
	Schedule 1.8(a)	  	Arlo Real Property
	Schedule 1.8(b)	  	Arlo Leases
	Schedule 1.9	  	Arlo Registered IP
	Schedule 1.10	  	Arlo Technology
	Schedule 1.11	  	Transferred Entities
	Schedule 2.1(a)	  	Plan of Reorganization
	Schedule 2.2(a)(xv)	  	Arlo Tangible Personal Property
	Schedule 2.2(a)(xvi)	  	Other Arlo Assets
	Schedule 2.2(a)(xvii)	  	Excluded Arlo Assets
	Schedule 2.2(b)(xi)	  	Other Parent Assets
	Schedule 2.3(a)(v)	  	Arlo Liabilities
	Schedule 2.3(a)(viii)	  	Arlo Third-Party Claims
	Schedule 2.3(a)(ix)	  	Excluded Arlo Liabilities
	Schedule 2.3(b)(iv)	  	Parent Liabilities
	Schedule 2.3(b)(v)	  	Parent Third-Party Claims
	Schedule 2.7	  	Guarantee Exceptions
	Schedule 2.8(b)(ii)	  	Intercompany Agreements (Non-Termination)
	Schedule 2.9	  	Shared Contracts
	Schedule 5.5(b)	  	Shared Third-Party Claims
	Schedule 6.5(c)	  	Other Covenants
	Schedule 11.9	  	Expense Allocation
		
		  	EXHIBITS
		
	Exhibit A	  	Amended and Restated Certificate of Incorporation of Arlo
	Exhibit B	  	Amended and Restated Bylaws of Arlo

  
 -iv- 

 MASTER SEPARATION AGREEMENT 

This MASTER SEPARATION AGREEMENT, dated as of August 2, 2018 (this “Agreement”), is by and between NETGEAR, Inc., a
Delaware corporation (“Parent”), and Arlo Technologies, Inc., a Delaware corporation (“Arlo”). Capitalized terms used herein and not otherwise defined shall have the respective meanings assigned to them in
Article I. 
 R E C I T A L S 

WHEREAS, the board of directors of Parent (the “Parent Board”) has determined that it is in the best interests of Parent and
its stockholders to create a new publicly traded company that shall operate the Arlo Business; 
 WHEREAS, in furtherance of the foregoing,
the Parent Board and the board of directors of Arlo (the “Arlo Board”) have determined that it is appropriate and desirable for Parent and its applicable Subsidiaries to transfer the Arlo Assets to Arlo and its applicable
Subsidiaries, and for Arlo and its applicable Subsidiaries to assume the Arlo Liabilities, in each case, as more fully described in this Agreement and the Ancillary Agreements (the “Separation”); 

WHEREAS, the Parent Board has further determined that it is appropriate and desirable, on the terms and conditions contemplated hereby, for
Arlo to make an offer and sale to the public of a limited number of shares of the common stock, par value $0.001 per share, of Arlo (the “Arlo Common Stock”), pursuant to a registration statement on Form S-1, as more fully described
in this Agreement and the Ancillary Agreements (the “IPO”), immediately following which offering and sale Parent will own 80.1% or more of the outstanding Arlo Common Stock; 

WHEREAS, Parent currently intends that, after the IPO, Parent shall distribute to holders of shares of the common stock, par value $0.001 per
share, of Parent (the “Parent Common Stock”), the outstanding shares of Arlo Common Stock then owned directly by Parent, as more fully described in this Agreement and the Ancillary Agreements (the “Distribution”);

 WHEREAS, it is intended that, for U.S. federal income tax purposes, (i) the transfer by Parent of the Arlo Assets and the Arlo
Liabilities to Arlo in actual or constructive exchange for the issuance by Arlo to Parent of shares of Arlo Common Stock pursuant to the Plan of Reorganization (collectively, the “Contribution”) qualify as an exchange described in
Section 351(a) of the Code and/or (ii) the Contribution and the Distribution, if effected, taken together, qualify as a reorganization within the meaning of Sections 355 and 368(a)(1)(D) of the Code, and this Agreement is intended to be,
and is hereby adopted as, a “plan of reorganization” within the meaning of Treasury Regulation Section 1.368-2(g); and 

WHEREAS, each of Parent and Arlo has determined that it is appropriate and desirable to set forth the principal corporate transactions
required to effect the Separation, the IPO and the Distribution and certain other agreements that will govern certain matters relating to the Separation, the IPO and the Distribution and the relationship of Parent, Arlo and the members of their
respective Groups following the IPO and the Distribution. 

 NOW, THEREFORE, in consideration of the mutual agreements, provisions and covenants
contained in this Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties, intending to be legally bound, hereby agree as follows: 

ARTICLE I 
 DEFINITIONS 

For the purpose of this Agreement, the following terms shall have the following meanings: 

“Accounts Payable” shall mean any and all trade and non-trade accounts payable of either Party or member of its Group. 

“Accounts Receivable” shall mean any and all trade and non-trade accounts receivable of either Party or member of its Group.

 “Action” shall mean any demand, action, claim, dispute, suit, countersuit, arbitration, inquiry, subpoena, proceeding or
investigation of any nature (whether criminal, civil, legislative, administrative, regulatory, prosecutorial or otherwise) by or before any federal, state, local, foreign or international Governmental Authority or any arbitration or mediation
tribunal. 
 “Affiliate” shall mean, when used with respect to a specified Person, a Person that, directly or indirectly,
through one or more intermediaries, controls, is controlled by or is under common control with such specified Person. For the purpose of this definition, “control” (including, with correlative meanings, “controlled
by” and “under common control with”), when used with respect to any specified Person, shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such
Person, whether through the ownership of voting securities or other interests, by contract, agreement, obligation, indenture, instrument, lease, promise, arrangement, release, warranty, commitment, undertaking or otherwise. It is expressly agreed
that, prior to, at and after the Separation Time, for purposes of this Agreement and the Ancillary Agreements, (a) no member of the Arlo Group shall be deemed to be an Affiliate of any member of the Parent Group and (b) no member of the
Parent Group shall be deemed to be an Affiliate of any member of the Arlo Group. 
 “Agent” shall mean the trust company or
bank to be duly appointed by Parent to act as distribution agent to distribute to the stockholders of Parent all of the shares of Arlo Common Stock held by Parent in connection with the Distribution. 

“Agreement” shall have the meaning set forth in the Preamble. 

“Ancillary Agreements” shall mean all agreements (other than this Agreement) entered into by the Parties or the members of
their respective Groups (but as to which no Third Party is a party) in connection with the Separation, the IPO, the Distribution or the other transactions contemplated by this Agreement, including the Transition Services Agreement, the Tax Matters
Agreement, the Employee Matters Agreement, the License Agreement, the Registration Rights Agreement and the Transfer Documents. 

  
 -2- 

 “Approvals or Notifications” shall mean any consents, waivers, approvals,
permits or authorizations to be obtained from, notices, registrations or reports to be submitted to, or other filings to be made with, any third Person, including any Governmental Authority. 

“Arbitration Request” shall have the meaning set forth in Section 8.3(a). 

“Arlo” shall have the meaning set forth in the Preamble. 

“Arlo Accounts” shall have the meaning set forth in Section 2.10(a). 

“Arlo Accounts Payable” shall mean any and all trade and non-trade accounts payable of either Party or member of its Group
outstanding as of immediately prior to the Separation Time, in each case, to the extent related to the Arlo Business or arising out of any Arlo Contract. 

“Arlo Accounts Receivable” shall mean any and all trade and non-trade accounts receivable of either Party or member of its
Group outstanding as of immediately prior to the Separation Time, in each case, to the extent related to the Arlo Business or arising out of any Arlo Contract. 

“Arlo Assets” shall have the meaning set forth in Section 2.2(a). 

“Arlo Auditors” shall have the meaning set forth in Section 6.1(i). 

“Arlo Balance Sheet” shall mean the pro forma combined balance sheet of the Arlo Business, including any notes and subledgers
thereto, as of April 1, 2018, as presented in the IPO Registration Statement. 
 “Arlo Board” shall have the meaning
set forth in the Recitals. 
 “Arlo Business” shall mean the business, operations and activities of the Arlo segment of
Parent conducted immediately prior to the Separation Time by either Party or any member of its Group, as described in the IPO Registration Statement. For the avoidance of doubt, the Arlo Business shall include the business, operations and activities
set forth on Schedule 1.1(a) and exclude the business, operations and activities set forth on Schedule 1.1(b). 

“Arlo Bylaws” shall mean the Amended and Restated Bylaws of Arlo, substantially in the form of Exhibit B. 

“Arlo Books and Records” shall mean all books and records used in or necessary, as of the Separation Time, for the general
financial and administrative operation of the Arlo Business, including financial, employee, and general business operating documents, instruments, papers, books, books of account, records and files and data related thereto; provided, that
Arlo Books and Records shall not include (i) Arlo Product and Customer Records, (ii) Arlo Customer Data and (iii) material that Parent is not permitted by applicable Law or agreement to disclose or transfer to Arlo. 

  
 -3- 

 “Arlo Certificate of Incorporation” shall mean the Amended and Restated
Certificate of Incorporation of Arlo, substantially in the form of Exhibit A. 
 “Arlo Common Stock” shall have the
meaning set forth in the Recitals. 
 “Arlo Capital Stock” shall mean all classes or series of capital stock of Arlo,
including the Arlo Common Stock, and all options, warrants and other rights to acquire such capital stock. 
 “Arlo
Contracts” shall mean the following contracts and agreements to which either Party or any member of its Group is a party or by which it or any member of its Group or any of their respective Assets is bound, whether or not in writing;
provided, that Arlo Contracts shall not include any contract or agreement that shall be retained by Parent or any member of the Parent Group from and after the Separation Time pursuant to any provision of this Agreement or any Ancillary
Agreement: 
 (a) (i) any customer, reseller, distributor or development contract or agreement entered into prior to the Separation Time
exclusively related to the Arlo Business, including the contracts and agreements set forth on Schedule 1.2(a) and (ii) with respect to any customer, reseller, distributor or development contract or agreement entered into prior to the
Separation Time that relates to the Arlo Business but is not exclusively related to the Arlo Business, that portion of any such contract or agreement that primarily relates to the Arlo Business; 

(b) (i) any supply or vendor contract or agreement entered into prior to the Separation Time exclusively related to the Arlo Business,
including the contracts and agreements set forth on Schedule 1.2(b) and (ii) with respect to any supply or vendor contract or agreement entered into prior to the Separation Time that relates to the Arlo Business but is not exclusively
related to the Arlo Business, that portion of any such contract or agreement that primarily relates to the Arlo Business; 
 (c) any contract
or agreement entered into prior to the Separation Time set forth on Schedule 1.2(c), which grants a Third Party rights or licenses to Intellectual Property Rights that are Arlo Intellectual Property Rights; 

(d) any joint venture or partnership contract or agreement that exclusively relates to the Arlo Business as of the Separation Time; 

(e) any guarantee, indemnity, representation, covenant, warranty or other liability of either Party or any member of its Group in respect of
any other Arlo Contract, any Arlo Liability or the Arlo Business; 
 (f) any proprietary information and inventions agreement or similar
Intellectual Property Rights assignment or license agreement with any current or former Arlo Group employee, Parent Group employee, consultant of the Arlo Group or consultant of the Parent Group, in each case entered into prior to the Separation
Time (i) that is exclusively related to the Arlo Business or (ii) if not exclusively related to the Arlo Business, that portion of any such assignment or agreement that primarily relates to the Arlo Business; 

  
 -4- 

 (g) any contract or agreement that is expressly contemplated pursuant to this Agreement or
any of the Ancillary Agreements to be assigned to, or to be a contract or agreement in the name of, Arlo or any member of the Arlo Group; 

(h) any interest rate, currency, commodity or other swap, collar, cap or other hedging or similar agreements or arrangements exclusively
related to the Arlo Business; 
 (i) any contract or agreement entered into in the name of, or expressly on behalf of, any division, business
unit or member of the Arlo Group; 
 (j) any other contract or agreement exclusively related to the Arlo Business or Arlo Assets; 

(k) Arlo Leases; and 
 (l) any
contracts, agreements or settlements set forth on Schedule 1.2(l), including the right to recover any amounts under such contracts, agreements, leases or settlements. 

“Arlo Core Software” shall mean the Software set forth on Schedule 1.3. 

“Arlo Customer Data” shall mean all data (i) provided by any user or generated by any Arlo Product, and hosted or stored
by or on behalf of Arlo, including all video and audio data generated by any Arlo Product, (ii) all associated device information (including IP and MAC addresses) or customer data associated with the material set forth in clause (i) and
(iii) all data generated or derived from any of the foregoing, including metadata, performance data, aggregated data and anonymized data collected, used or generated by Arlo. Arlo Customer Data shall not include any material or information that
may not be disclosed or transferred to Arlo pursuant to any applicable Law or policies (including any policies regarding privacy). 

“Arlo Designees” shall mean any and all entities (including corporations, general or limited partnerships, trusts, joint
ventures, unincorporated organizations, limited liability entities or other entities) designated by Parent that will be members of the Arlo Group as of immediately prior to the Separation Time. 

“Arlo Group” shall mean (a) Arlo, (b) each Subsidiary of Arlo immediately after the Separation Time, including the
Transferred Entities, and (c) each other Person that is controlled directly or indirectly by Arlo immediately after the Separation Time. 

“Arlo Indebtedness” shall mean the aggregate principal amount of total liabilities (whether long-term or short-term) for
borrowed money (including capitalized leases) of the members of the Arlo Group collectively, as determined for purposes of its annual and quarterly financial statements and prepared in accordance with GAAP. 

“Arlo Indemnitees” shall have the meaning set forth in Section 5.3. 

  
 -5- 

 “Arlo Information Technology” shall mean (a) all Information
Technology owned by either Party or any member of its Group that is exclusively used or exclusively held for use in the Arlo Business as of immediately prior to the Separation Time, and (b) the Information Technology set forth on Schedule
1.4; provided, however, that Arlo Information Technology shall not include the Information Technology set forth on Schedule 1.5 or any Software licensed from a Third Party. 

“Arlo Intellectual Property Rights” shall mean (a) the Arlo Registered IP, including the Arlo Patents, (b) the
Other IP of either Party or any of the members of its Group, in each case, that is embodied in the Arlo Core Software, (c) the Arlo Marks (to the extent not included in clause (a) above), and (d) the right to all past and future
damages and claims for the infringement or misappropriation of any of the foregoing. 
 “Arlo Inventory” shall have the
meaning set forth in Section 2.2(a)(vii). 
 “Arlo Leases” shall have the meaning set forth in the definition
of Arlo Real Property. 
 “Arlo Liabilities” shall have the meaning set forth in Section 2.3(a). 

“Arlo Marks” shall mean the names, marks, trade dress, logos, monograms, domain names and other source or business
identifiers (“Marks”) of either Party or any member of its Group that (a) use or contain “Arlo” (including any stylized versions or design elements thereof), (b) are set forth in Schedule 1.6, or
(c) otherwise identify Arlo as a whole, either alone or in combination with other words or elements, and all names, marks, trade dress, logos, monograms, domain names and other source or business identifiers confusingly similar to or embodying
any of the foregoing, either alone or in combination with other words or elements; provided, that Arlo Marks shall not include the Parent Marks. 

“Arlo Patents” shall mean (a) the Patents set forth on Schedule 1.7 (the “Arlo Listed Patents”),
(b) any Patent issuing on a Patent Application that is an Arlo Listed Patent, (c) any Patent issuing on any Patent Application that claims priority from, and that cover exclusively subject matter that is entitled to priority to, any Patent
or Patent Application that is an Arlo Listed Patent (including, but not limited to, any divisional, continuation, reissue, reexamination or extension) with a priority date that is prior to the Separation Time, and (d) any foreign counterpart of
any of the foregoing Patents and Patent Applications with, or entitled to claim, a priority date that is prior to the Separation Time. 

“Arlo Permits” shall mean all Permits owned or licensed by either Party or any member of its Group exclusively used or
exclusively held for use in the Arlo Business as of immediately prior to the Separation Time. 
 “Arlo Policies” shall have
the meaning set forth in Section 6.8(b). 
 “Arlo Product” shall mean products and services manufactured,
supplied, sold, provided or distributed, as the case may be, at any time, by Arlo or members of its Group under an Arlo Mark. 

  
 -6- 

 “Arlo Product and Customer Records” shall mean all books and records
related to or used by Arlo as of the Separation Time in connection with the sourcing, supply chain management, marketing, sale, distribution, maintenance and warranty of Arlo Products, including vendor and supplier information and records, customer
lists, sales records, e-commerce records and data, customer registration and account information, billing and subscription information, marketing materials, customer contracts, terms of use and privacy policies, sales literature catalogs, brochures,
sales, warranty and other product information and materials, and Web Site content. 
 “Arlo Real Property” shall mean
(a) all of the Real Property owned by either Party or member of its Group as of immediately prior to the Separation Time listed or described on Schedule 1.8(a), (b) the Real Property Leases to which either Party or member of its
Group is party as of immediately prior to the Separation Time set forth on Schedule 1.8(b) (“Arlo Leases”) and (c) all recorded Real Property notices, easements, and obligations with respect to the Real Property and/or
Real Property leases described in clauses (a) and (b) of this paragraph. 
 “Arlo Records” shall have the meaning
set forth in Section 2.2(a)(viii). 
 “Arlo Tangible Personal Property” shall have the meaning set forth in
Section 2.2(a)(xv). 
 “Arlo Registered IP” shall mean the Registered IP set forth on Schedule 1.9. 

“Arlo Technology” shall mean (i) any Copyable Technology to the extent used in or necessary to the operation of the Arlo
Business as of immediately prior to the Separation Time and (ii) any other Technology that is not Copyable Technology that is used exclusively in the operation of the Arlo Business as of immediately prior to the Separation Time or that is
listed on Schedule 1.10; provided, that Arlo Technology shall not include (x) any Information Technology, (y) any Technology, in the case of clause (y), in which neither Arlo nor Parent own the Intellectual Property Rights or
that was licensed to either of them by a Third Party, (z) any Arlo Books and Records, (aa) any Arlo Sales and Customer Records and (bb) any Arlo Customer Data. 

“Assets” shall mean, with respect to any Person, the assets, properties, claims and rights (including goodwill) of such
Person, wherever located (including in the possession of vendors or other third Persons or elsewhere), of every kind, character and description, whether real, personal or mixed, tangible, intangible or contingent, in each case whether or not
recorded or reflected or required to be recorded or reflected on the books and records or financial statements of such Person, including rights and benefits pursuant to any contract, license, permit, indenture, note, bond, mortgage, agreement,
concession, franchise, instrument, undertaking, commitment, understanding or other arrangement. 
 “Business Day” means a
day other than a Saturday, a Sunday or a day on which banking institutions located in San Jose, California or New York, New York are authorized or obligated by Law or executive order to close. 

“CEO Negotiation Request” shall have the meaning set forth in Section 8.2. 

  
 -7- 

 “Change of Control” shall mean, with respect to a Party: (a) a
transaction whereby any Person or group (within the meaning of Section 13(d)(3) of the Securities and Exchange Act of 1934, as amended) would acquire, directly or indirectly, voting securities representing more than fifty percent (50%) of
the total voting power of such Party; (b) a merger, consolidation, recapitalization or reorganization of such Party, unless securities representing more than fifty percent (50%) of the total voting power of the legal successor to such
Party as a result of such merger, consolidation, recapitalization or reorganization are immediately thereafter beneficially owned, directly or indirectly, by the Persons who beneficially owned such Party’s outstanding voting securities
immediately prior to such transaction; or (c) the sale of all or substantially all of the consolidated assets of such Party’s Group. For the avoidance of doubt, no transaction contemplated by this Agreement shall be considered a Change of
Control. 
 “Code” shall mean the Internal Revenue Code of 1986, as amended. 

“Collaboration End Date” shall have the meaning set forth in Section 6.6(a). 

“Copyable Technology” shall mean Technology that is in a form that can be copied or replicated without material cost,
including documentation, Software and computer and data files. 
 “Contribution” shall have the meaning set forth in the
Recitals. 
 “Delayed Arlo Asset” shall have the meaning set forth in Section 2.5(c). 

“Delayed Arlo Liability” shall have the meaning set forth in Section 2.5(c). 

“Delayed Parent Asset” shall have the meaning set forth in Section 2.5(h). 

“Delayed Parent Liability” shall have the meaning set forth in Section 2.5(h). 

“Dispute” shall have the meaning set forth in Section 8.1. 

“Distribution” shall have the meaning set forth in the Recitals. 

“Distribution Date” shall mean the date of the consummation of the Distribution, which shall be determined by the Parent
Board in its sole and absolute discretion. 
 “Employee Matters Agreement” shall mean the Employee Matters Agreement to be
entered into by and between Parent and Arlo or the members of their respective Groups in connection with the Separation, the IPO or the Distribution or the other transactions contemplated by this Agreement, as it may be amended from time to time.

 “Environmental Law” shall mean any Law relating to pollution, protection or restoration of or prevention of harm to the
environment or natural resources, including the use, handling, transportation, treatment, storage, disposal, Release or discharge of Hazardous Materials or the protection of or prevention of harm to human health and safety. 

“Environmental Liabilities” shall mean all Liabilities relating to, arising out of or resulting from any Hazardous Materials,
Environmental Law or contract or agreement relating to environmental, health or safety matters (including all removal, remediation or cleanup costs, 

  
 -8- 

 
investigatory costs, response costs, natural resources damages, property damages, personal injury damages, costs of compliance with any product take back requirements or with any settlement,
judgment or other determination of Liability and indemnity, contribution or similar obligations) and all costs and expenses, interest, fines, penalties or other monetary sanctions in connection therewith. 

“Exchange Act” shall mean the U.S. Securities Exchange Act of 1934, as amended, together with the rules and regulations
promulgated thereunder. 
 “Force Majeure” shall mean, with respect to a Party, an event beyond the reasonable control of
such Party (or any Person acting on its behalf), which event (a) does not arise or result from the fault or negligence of such Party (or any Person acting on its behalf) and (b) by its nature would not reasonably have been foreseen by such
Party (or such Person), or, if it would reasonably have been foreseen, was unavoidable, and includes acts of God, acts of civil or military authority, embargoes, epidemics, war, riots, insurrections, fires, explosions, earthquakes, floods, unusually
severe weather conditions, labor problems or unavailability of parts, or, in the case of computer systems, any significant and prolonged failure in electrical or air conditioning equipment. Notwithstanding the foregoing, the receipt by a Party of an
unsolicited takeover offer or other acquisition proposal, even if unforeseen or unavoidable, and such Party’s response thereto shall not be deemed an event of Force Majeure. 

“GAAP” means United States generally accepted accounting principles, consistently applied. 

“Governmental Approvals” shall mean any Approvals or Notifications to be made to, or obtained from, any Governmental
Authority. 
 “Governmental Authority” shall mean any nation or government, any state, municipality or other political
subdivision thereof, and any entity, body, agency, commission, department, board, bureau, court, tribunal or other instrumentality, whether federal, state, local, domestic, foreign or multinational, exercising executive, legislative, judicial,
regulatory, administrative or other similar functions of, or pertaining to, a government and any executive official thereof. 

“Group” shall mean either the Arlo Group or the Parent Group, as the context requires. 

“Hazardous Materials” shall mean any chemical, material, substance, waste, pollutant, emission, discharge, release or
contaminant that could result in Liability under, or that is prohibited, limited or regulated by or pursuant to, any Environmental Law, and any natural or artificial substance (whether solid, liquid or gas, noise, ion, vapor or electromagnetic) that
could cause harm to human health or the environment, including petroleum, petroleum products and byproducts, asbestos and asbestos-containing materials, urea formaldehyde foam insulation, electronic, medical or infectious wastes, polychlorinated
biphenyls, radon gas, radioactive substances, chlorofluorocarbons and all other ozone-depleting substances. 
 “Indemnifying
Party” shall have the meaning set forth in Section 5.4(a). 

  
 -9- 

 “Indemnitee” shall have the meaning set forth in
Section 5.4(a). 
 “Indemnity Payment” shall have the meaning set forth in Section 5.4(a). 

“Information Technology” shall mean all hardware, computers, servers, workstations, routers, hubs, switches, data
communication lines, network and telecommunications equipment, Internet-related information technology infrastructure and other information technology equipment. 

“Insurance Proceeds” shall mean those monies: 
  

	 	(a)	 received by an insured from an insurance carrier; or 

 

	 	(b)	 paid by an insurance carrier on behalf of the insured; 

in any such case net of any applicable premium adjustments (including reserves and retrospectively rated premium adjustments) and net of any costs or expenses
incurred in the collection thereof. 
 “Insurance Termination Time” shall have the meaning set forth in
Section 6.7(b). 
 “Intellectual Property Rights” shall mean all common law and statutory rights anywhere in
the world arising under or associated with: (i) patents and similar or equivalent rights in inventions (“Patents”) and applications and rights or claims of priority for Patents, including international applications under the
Patent Cooperation Treaty (“Patent Applications”); (ii) Trademarks, (iii) trade secret and industrial secret rights and rights in confidential information (“Trade Secrets”); (iv) copyrights and any
other equivalent rights in works of authorship (including Software) (“Copyrights”); (v) rights in domain names, uniform resource locators and other names and locators associated with Internet addresses and sites
(“Domain Names”); (vi) applications for, registrations of and divisions, continuations, continuations-in-part, reissuances, renewals, extensions, restorations and reversions of the foregoing (as applicable); and (vii) all
other similar or equivalent intellectual property or proprietary rights anywhere in the world. 
 “Inventory” shall have
the meaning set forth in Section 2.2(a)(vi). 
 “IPO” shall have the meaning set forth in the Recitals. 

“IPO Closing Date” shall mean the date of the Closing Time (as defined in the Underwriting Agreement). 

“IPO Registration Statement” shall mean the effective registration statement on Form S-1 to be filed under the Securities
Act, pursuant to which the shares of Arlo Common Stock to be issued in the IPO will be registered under the Securities Act, together with all amendments thereto. 

  
 -10- 

 “Law” shall mean any national, supranational, federal, state, provincial,
local or similar law (including common law), statute, code, order, ordinance, rule, regulation, treaty (including any Tax treaty), license, permit, authorization, approval, consent, decree, injunction, binding judicial or administrative
interpretation or other requirement, in each case, enacted, promulgated, issued or entered by a Governmental Authority. 

“Liabilities” shall mean any and all debts, guarantees, assurances, commitments, liabilities, responsibilities, Losses,
remediation, deficiencies, damages, fines, penalties, settlements, sanctions, costs, expenses, interest and obligations of any nature or kind, whether accrued or fixed, absolute or contingent, matured or unmatured, accrued or not accrued, asserted
or unasserted, liquidated or unliquidated, foreseen or unforeseen, known or unknown, reserved or unreserved, or determined or determinable, including those arising under any Law, claim (including any Third-Party Claim), demand, Action, or order,
writ, judgment, injunction, decree, stipulation, determination or award entered by or with any Governmental Authority or arbitration tribunal, and those arising under any contract, agreement, obligation, indenture, instrument, lease, promise,
arrangement, release, warranty, commitment or undertaking, or any fines, damages or equitable relief that is imposed, in each case, including all costs and expenses relating thereto. 

“License Agreement” shall mean the Intellectual Property Rights Cross-License Agreement to be entered into by and between
Parent and Arlo or the members of their respective Groups in connection with the Separation, the IPO or the Distribution or the other transactions contemplated by this Agreement, as it may be amended from time to time. 

“Linked” shall have the meaning set forth in Section 2.10(a). 

“Losses” shall mean actual losses (including any diminution in value), costs, damages, penalties and expenses (including
legal and accounting fees and expenses and costs of investigation and litigation), whether or not involving a Third-Party Claim. 

“JAMS Rules” shall have the meaning set forth in Section 8.3(a). 

“New IPR” shall have the meaning set forth in Section 6.6(a). 

“NYSE” shall mean the New York Stock Exchange. 

“Officer Negotiation Request” shall have the meaning set forth in Section 8.1. 

“Other IP” shall mean all Intellectual Property Rights, including Copyrights and Trade Secrets, but excluding Patents, Domain
Names and Trademarks. 
 “Parent” shall have the meaning set forth in the Preamble. 

“Parent Accounts” shall have the meaning set forth in Section 2.10(a). 

“Parent Annual Statements” shall have the meaning set forth in Section 6.2(b). 

“Parent Assets” shall have the meaning set forth in Section 2.2(b). 

“Parent Auditors” shall have the meaning set forth in Section 6.2(b). 

  
 -11- 

 “Parent Board” shall have the meaning set forth in the Recitals. 

“Parent Business” shall mean all businesses, operations and activities conducted at any time prior to the Separation Time by
either Party or any member of its Group, other than the Arlo Business. 
 “Parent Common Stock” shall have the meaning set
forth in the Recitals. 
 “Parent Group” shall mean Parent and each Person that is a Subsidiary of Parent (other than Arlo
and any other member of the Arlo Group). 
 “Parent Indemnitees” shall have the meaning set forth in
Section 5.2. 
 “Parent Information Technology” shall mean all Information Technology, other than Arlo
Information Technology, owned by either Party or any member of its Group as of immediately prior to the Separation Time. 
 “Parent
Intellectual Property Rights” shall mean all Intellectual Property Rights, other than Arlo Intellectual Property Rights, owned by either Party or any member of its Group as of immediately prior to the Separation Time. 

“Parent Inventory” shall mean all Inventory, other than Arlo Inventory, owned by either Party or any member of its Group as of
immediately prior to the Separation Time. 
 “Parent Liabilities” shall have the meaning set forth in
Section 2.3(b). 
 “Parent Marks” shall mean all Marks, other than the Arlo Marks, owned by either Party or any
member of its Group as of immediately prior to the Separation Time. 
 “Parent Product” shall mean products and services
manufactured, sold, provided or distributed, as the case may be, by Parent or members of its Group under a Parent Mark, or any other brand that does not include an Arlo Mark. 

“Parent Public Filings” shall have the meaning set forth in Section 6.1(i). 

“Parent Records” shall have the meaning set forth in Section 2.2(a)(viii). 

“Parties” shall mean the parties to this Agreement. 

“Permits” shall mean permits, approvals, authorizations, consents, licenses or certificates issued by any Governmental
Authority. 
 “Person” shall mean an individual, a general or limited partnership, a corporation, a trust, a joint venture,
an unincorporated organization, a limited liability entity, any other entity and any Governmental Authority. 
 “Plan of
Reorganization” shall have the meaning set forth in Section 2.1(a). 

  
 -12- 

 “Policies” shall mean insurance policies and insurance contracts of any
kind, including but not limited to global property, excess and umbrella liability, domestic and foreign commercial general liability, local foreign placements, directors and officers liability, fiduciary liability, cyber, media and technology errors
and omissions liability, employment practices liability, domestic and foreign automobile, cargo stock throughput, customer cargo, global cargo terrorism, workers’ compensation and employers’ liability, employee dishonesty/crime/fidelity,
special contingency (K&R), bonds and self-insurance, together with the rights, benefits, privileges and obligations thereunder. 

“Prime Rate” shall mean the rate that Bloomberg displays as “Prime Rate by Country United States” or “Prime
Rate By Country US-BB Comp” at http://www.bloomberg.com/quote/PRIME:IND or on a Bloomberg terminal at PRIMBB Index. 

“Privileged Information” shall mean any information, in written, oral, electronic or other tangible or intangible forms,
including without limitation any communications by or to attorneys (including attorney-client privileged communications), memoranda and other materials protected by the work product doctrine, as to which a Party or any member of its Group would be
entitled to assert or have asserted a privilege or other protection, including the attorney-client and work product privileges. 

“Prospectus” shall mean each preliminary, final or supplemental prospectus forming a part of the IPO Registration Statement.

 “Real Property” shall mean land together with all easements, rights and interests arising out of the ownership thereof
or appurtenant thereto and all buildings, structures, improvements and fixtures located thereon. 
 “Real Property Leases”
shall mean all leases to Real Property and, to the extent covered by such leases, any and all buildings, structures, improvements and fixtures located thereon. 

“Record Date” shall mean the close of business on the date to be determined by the Parent Board in its sole and absolute
discretion as the record date for determining holders of shares of Parent Common Stock entitled to receive shares of Arlo Common Stock pursuant to the Distribution. 

“Record Holders” shall mean the holders of record of shares of Parent Common Stock as of the Record Date. 

“Registered IP” shall mean any Intellectual Property Rights that are registered, filed, issued or granted under the authority
of, with or by, any Governmental Authority, including all Patents, registered Copyrights, registered Trademarks, registered service marks, registered Domain Names and all applications for any of the foregoing. 

“Registration Rights Agreement” shall mean the Registration Rights Agreement to be entered into by and between Parent and
Arlo in connection with the Separation, the IPO or the Distribution or the other transactions contemplated by this Agreement, as it may be amended from time to time. 

  
 -13- 

 “Release” shall mean any release, spill, emission, discharge, leaking,
pumping, pouring, dumping, injection, deposit, disposal, dispersal, leaching or migration of Hazardous Materials into the environment (including, ambient air, surface water, groundwater and surface or subsurface strata). 

“Representatives” shall mean, with respect to any Person, any of such Person’s directors, officers, employees, agents,
consultants, advisors, accountants, attorneys or other representatives. 
 “SEC” shall mean the U.S. Securities and
Exchange Commission. 
 “Section 1542” shall have the meaning set forth in Section 5.1(c). 

“Securities Act” shall mean the U.S. Securities Act of 1933, as amended, together with the rules and regulations promulgated
thereunder. 
 “Security Interest” shall mean any mortgage, security interest, pledge, lien, charge, claim, option, right
to acquire, voting or other restriction, right-of-way, covenant, condition, easement, encroachment, restriction on transfer or other encumbrance of any nature whatsoever. 

“Separation” shall have the meaning set forth in the Recitals. 

“Separation Date” shall have the meaning set forth in Section 2.4. 

“Separation Time” shall mean 12:01 a.m. Pacific Time on the Separation Date. 

“Shared Contract” shall have the meaning set forth in Section 2.9(a). 

“Shared Third-Party Claim” shall have the meaning set forth in Section 5.5(b). 

“Software” shall mean any and all (a) computer programs, including any and all software implementation of algorithms,
models and methodologies, whether in source code, object code, human readable form or other form, (b) databases and compilations, including any and all data and collections of data, whether machine readable or otherwise, (c) descriptions,
flow charts and other work products used to design, plan, organize and develop any of the foregoing, (d) screens, user interfaces, report formats, firmware, development tools, templates, menus, buttons and icons, and (e) documentation,
including user manuals and other training documentation, relating to any of the foregoing. 
 “Straddle Period” shall have
the meaning set forth in Section 6.3. 
 “Subsidiary” shall mean, with respect to any Person, any corporation,
limited liability company, joint venture or partnership of which such Person (a) beneficially owns, either directly or indirectly, more than fifty percent (50%) of (i) the total combined voting power of all classes of voting
securities, (ii) the total combined equity interests or (iii) the capital or profit interests, in the case of a partnership, or (b) otherwise has the power to vote, either directly or indirectly, sufficient securities to elect a
majority of the board of directors or similar governing body. 

  
 -14- 

 “Tangible Personal Property” shall mean machinery, equipment, hardware,
furniture, fixtures, tools, motor vehicles and other transportation equipment, special and general tangible tools, prototypes, models and other tangible personal property, it being understood that Tangible Personal Property shall not include
(i) any Information Technology and (ii) any Technology. 
 “Tangible Information” shall mean information that is
contained in written, electronic or other tangible forms. 
 “Tax” shall have the meaning set forth in the Tax Matters
Agreement. 
 “Tax Matters Agreement” shall mean the Tax Matters Agreement to be entered into by and between Parent and
Arlo in connection with the Separation, the IPO, the Distribution and the other transactions contemplated by this Agreement, as it may be amended from time to time. 

“Tax Return” shall have the meaning set forth in the Tax Matters Agreement. 

“Technology” shall mean embodiments, regardless of form, of Intellectual Property Rights, including, as the context requires,
inventions (whether or not patentable), discoveries and improvements, works of authorship, documentation, diagrams, formulae, APIs, software (whether in source code or in executable code form), user interfaces, architectures, databases, data
compilations and collections, know-how, technical data, trade secrets, mask works, models, prototypes, molds, methods, protocols, techniques, processes, devices, schematics, algorithms, molds and patterns, production and other manuals, manufacturing
and quality control records and procedures and research and development files; provided, that Technology specifically excludes (i) any and all Intellectual Property Rights, (ii) books and records, (iii) sales and customer
records and (iv) customer data. 
 “Third Party” shall mean any Person other than the Parties or any members of their
respective Groups. 
 “Third-Party Claim” shall have the meaning set forth in Section 5.5(a). 

“Trademarks” shall mean all trademarks, service marks, trade names, service names, trade dress, logos, and other identifiers
of the source or origin of goods and services, and all statutory, common law, and rights provided by international treaties or conventions, in any of the foregoing. 

“Transfer Documents” shall have the meaning set forth in Section 2.1(b). 

“Transferred Entities” shall mean the entities set forth on Schedule 1.11. 

“Transition Services Agreement” shall mean the Transition Services Agreement to be entered into by and between Parent and
Arlo or any members of their respective Groups in connection with the Separation, the IPO, the Distribution or the other transactions contemplated by this Agreement, as it may be amended from time to time. 

  
 -15- 

 “Underwriting Agreement” shall mean the underwriting agreement to be
entered into among Parent, Arlo and the Underwriters as representatives of the several underwriters named therein with respect to the IPO. 

“Underwriters” shall mean the managing underwriters for the IPO. 

“Unreleased Arlo Liability” shall have the meaning set forth in Section 2.6(a)(ii). 

“Unreleased Parent Liability” shall have the meaning set forth in Section 2.6(b)(ii). 

ARTICLE II 
 THE SEPARATION 

2.1 Transfer of Assets and Assumption of Liabilities. 

(a) At or prior to the Separation Time, but in any case prior to the closing of the IPO, in accordance with the plan and structure set forth on
Schedule 2.1(a) (the “Plan of Reorganization”): 
 (i) Transfer and Assignment of Arlo Assets.
Parent shall, and shall cause the applicable members of its Group to, contribute, assign, transfer, convey and deliver to Arlo, or the applicable Arlo Designees, and Arlo or such Arlo Designees shall accept from Parent and the applicable members of
the Parent Group, all of Parent’s and such Parent Group member’s respective direct or indirect right, title and interest in and to all of the Arlo Assets (it being understood that if any Arlo Asset shall be held by a Transferred Entity or
a wholly owned Subsidiary of a Transferred Entity, such Arlo Asset may be assigned, transferred, conveyed and delivered to Arlo as a result of the transfer of all of the equity interests in such Transferred Entity from Parent or the applicable
members of the Parent Group to Arlo or the applicable Arlo Designee); 
 (ii) Acceptance and Assumption of Arlo
Liabilities. Arlo and the applicable Arlo Designees shall accept, assume and agree faithfully to perform, discharge and fulfill all the Arlo Liabilities in accordance with their respective terms (it being understood that if any Arlo Liability is
a liability of a Transferred Entity or a wholly owned Subsidiary of a Transferred Entity, such Arlo Liability may be assumed by Arlo as a result of the transfer of all of the equity interests in such Transferred Entity from Parent or the applicable
members of the Parent Group to Arlo or the applicable Arlo Designee). Arlo and such Arlo Designees shall be responsible for all Arlo Liabilities, regardless of when or where such Arlo Liabilities arose or arise, or whether the facts on which they
are based occurred prior to or subsequent to the Separation Time, regardless of where or against whom such Arlo Liabilities are asserted or determined (including any Arlo Liabilities arising out of claims made by Parent’s or Arlo’s
respective directors, officers, employees, agents, Subsidiaries or Affiliates against any member of the Parent Group or the Arlo Group) or whether asserted or determined prior to the date hereof, and regardless of whether arising from or alleged to
arise from negligence, recklessness, violation of Law, fraud or misrepresentation by any member of the Parent Group or the Arlo Group, or any of their respective directors, officers, employees, agents, Subsidiaries or Affiliates; 

  
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 (iii) Transfer and Assignment of Parent Assets. Parent and Arlo shall
cause Arlo and the Arlo Designees to contribute, assign, transfer, convey and deliver to Parent or certain members of the Parent Group designated by Parent, and Parent or such other members of the Parent Group shall accept from Arlo and the Arlo
Designees, all of Arlo’s and such Arlo Designees’ respective direct or indirect right, title and interest in and to all Parent Assets held by Arlo or an Arlo Designee; and 

(iv) Acceptance and Assumption of Parent Liabilities. Parent and certain of members of the Parent Group designated by
Parent shall accept and assume and agree faithfully to perform, discharge and fulfill all of the Parent Liabilities held by Arlo or any Arlo Designee and Parent and the applicable members of the Parent Group shall be responsible for all Parent
Liabilities in accordance with their respective terms, regardless of when or where such Parent Liabilities arose or arise, whether the facts on which they are based occurred prior to or subsequent to the Separation Time, where or against whom such
Parent Liabilities are asserted or determined (including any such Parent Liabilities arising out of claims made by Parent’s or Arlo’s respective directors, officers, employees, agents, Subsidiaries or Affiliates against any member of the
Parent Group or the Arlo Group) or whether asserted or determined prior to the date hereof, and regardless of whether arising from or alleged to arise from negligence, recklessness, violation of Law, fraud or misrepresentation by any member of the
Parent Group or the Arlo Group, or any of their respective directors, officers, employees, agents, Subsidiaries or Affiliates. 
 (b)
Transfer Documents. In furtherance of the contribution, assignment, transfer, conveyance and delivery of the Assets and the assumption of the Liabilities in accordance with Section 2.1(a), (i) each Party shall
execute and deliver, and shall cause the applicable members of its Group to execute and deliver, to the other Party, such bills of sale, quitclaim deeds, stock powers, certificates of title, assignments of contracts and other instruments of
transfer, conveyance and assignment as and to the extent necessary to evidence the transfer, conveyance and assignment of all of such Party’s and the applicable members of its Group’s right, title and interest in and to such Assets to the
other Party and the applicable members of its Group in accordance with Section 2.1(a), and (ii) each Party shall execute and deliver, and shall cause the applicable members of its Group to execute and deliver, to the
other Party, such assumptions of contracts and other instruments of assumption as and to the extent necessary to evidence the valid and effective assumption of the Liabilities by such Party and the applicable members of its Group in accordance with
Section 2.1(a). All of the foregoing documents contemplated by this Section 2.1(b) shall be referred to collectively herein as the “Transfer Documents.” The Transfer Documents
shall effect certain of the transactions contemplated by this Agreement and, notwithstanding anything in this Agreement to the contrary, shall not expand or limit any of the obligations, covenants or agreements in this Agreement. It is
expressly agreed that in the event of any conflict between the terms of the Transfer Documents and the terms of this Agreement or the Tax Matters Agreement, the terms of this Agreement or the Tax Matters Agreement, as applicable, shall control. 

  
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 (c) Misallocations. In the event that at any time or from time to time (whether prior
to, at or after the Separation Time), one Party (or any member of such Party’s Group) shall receive or otherwise possess any Asset that is allocated to the other Party (or any member of such Party’s Group) pursuant to this Agreement or any
Ancillary Agreement, such Party shall promptly transfer, or cause to be transferred, such Asset to the Party so entitled thereto (or to any member of such Party’s Group), and such Party (or member of such Party’s Group) shall accept such
Asset. Prior to any such transfer, the Person receiving or possessing such Asset shall hold such Asset in trust for such other Person. In the event that at any time or from time to time (whether prior to, at or after the Separation Time), one Party
hereto (or any member of such Party’s Group) shall be liable for or otherwise assume any Liability that is allocated to the other Party (or any member of such Party’s Group) pursuant to this Agreement or any Ancillary Agreement, such other
Party shall promptly assume, or cause to be assumed, such Liability and agree to faithfully perform such Liability. 
 (d) Waiver of
Bulk-Sale and Bulk-Transfer Laws. Arlo hereby waives compliance by each and every member of the Parent Group with the requirements and provisions of any “bulk-sale” or “bulk-transfer” Laws of any jurisdiction that may
otherwise be applicable with respect to the transfer or sale of any or all of the Arlo Assets to any member of the Arlo Group. Parent hereby waives compliance by each and every member of the Arlo Group with the requirements and provisions of any
“bulk-sale” or “bulk-transfer” Laws of any jurisdiction that may otherwise be applicable with respect to the transfer or sale of any or all of the Parent Assets to any member of the Parent Group. 

(e) Intellectual Property Rights. 

(i) If and to the extent that, as a matter of Law in any jurisdiction, Parent or the applicable members of its Group cannot
assign, transfer or convey any of Parent’s or such Parent Group members’ respective direct or indirect right, title and interest in and to any Technology or Intellectual Property Rights included in the Arlo Assets, then, to the extent
possible, Parent shall, and shall cause the applicable members of its Group to, irrevocably grant to Arlo, or the applicable Arlo Designees, an exclusive (but subject to any licenses that would be granted to Parent under the License Agreement had
such Technology or Intellectual Property Rights been transferred to Arlo), irrevocable, assignable, transferable, sublicenseable, worldwide, perpetual, royalty-free license to use, exploit and commercialize in any manner now known or in the future
discovered and for whatever purpose, any such right, title or interest. 
 (ii) If and to the extent that, as a matter of Law
in any jurisdiction, Arlo or the applicable members of its Group cannot assign, transfer or convey any of Arlo’s or such Arlo Group members’ respective direct or indirect right, title and interest in and to any Technology or Intellectual
Property Rights included in the Parent Assets, then, to the extent possible, Arlo shall, and shall cause the applicable members of its Group to, irrevocably grant to Parent, or the applicable Parent Designees, an exclusive (but subject to any
licenses that would be granted to Arlo under the License Agreement had such Technology or Intellectual Property Rights been transferred to Parent), irrevocable, assignable, transferable, sublicenseable, worldwide, perpetual, royalty-free license to
use, exploit and commercialize in any manner now known or in the future discovered and for whatever purpose, any such right, title or interest. 

  
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 (f) Electronic Transfer. All transferred Arlo Assets and Parent Assets, including
transferred Technology, that can be delivered by electronic transmission will be so delivered or made available to Arlo, Parent or their respective designees (as applicable), at a designated FTP site or in another electronic form to be determined by
the Parties. 
 2.2 Arlo Assets; Parent Assets. 

(a) Arlo Assets. For purposes of this Agreement, “Arlo Assets” shall mean (without duplication): 

(i) all issued and outstanding capital stock or other equity interests of the Transferred Entities that are owned by either
Party or any members of its Group as of immediately prior to the Separation Time; 
 (ii) except as otherwise set forth in
this Section 2.2(a), all Assets of either Party or any members of its Group included or reflected as assets of the Arlo Group on the Arlo Balance Sheet, subject to any dispositions of such Assets subsequent to the date of
the Arlo Balance Sheet; provided, that the amounts set forth on the Arlo Balance Sheet with respect to any Assets shall not be treated as minimum amounts or limitations on the amount of such Assets that are included in the definition of Arlo
Assets pursuant to this clause (ii); 
 (iii) except as otherwise set forth in this Section 2.2(a),
all Assets of either Party or any of the members of its Group as of immediately prior to the Separation Time that are of a nature or type that would have resulted in such Assets being included as Assets of Arlo or members of the Arlo Group on a pro
forma combined balance sheet of the Arlo Group or any notes or subledgers thereto as of immediately prior to the Separation Time (were such balance sheet, notes and subledgers to be prepared on a basis consistent with the determination of the Assets
included on the Arlo Balance Sheet), it being understood that (x) the Arlo Balance Sheet shall be used to determine the types of, and methodologies used to determine, those Assets that are included in the definition of Arlo Assets pursuant to
this clause (iii); and (y) the amounts set forth on the Arlo Balance Sheet with respect to any Assets shall not be treated as minimum amounts or limitations on the amount of such Assets that are included in the definition of Arlo Assets
pursuant to this clause (iii); 
 (iv) all Assets of either Party or any of the members of its Group as of immediately prior
to the Separation Time that are expressly provided by any provision of this Agreement or any Ancillary Agreement as Assets to be transferred to or owned by Arlo or any other member of the Arlo Group; 

(v) all Arlo Contracts as of immediately prior to the Separation Time and all rights, interests or claims of either Party or
any of the members of its Group thereunder as of immediately prior to the Separation Time; 

  
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 (vi) any and all Arlo Accounts Receivable; 

(vii) any and all finished goods inventory, supplies, components, packaging materials and other inventories, including any
inventory in-transit other inventories being held by third parties pursuant to consignment and used inventory, and all valuation-related adjustments relating thereto (including those relating to warranty,
prompt pay discounts, royalties and other items) (“Inventory”), in each case, exclusively related to the Arlo Business (“Arlo Inventory”) as of immediately prior to the Separation Time; 

(viii) copies of any and all (x) Arlo Books and Records, (y) Arlo Product and Customer Records and (z) Arlo
Customer Data, in each case, in the possession of either Party as of immediately prior to the Separation Time (collectively, “Arlo Records”); provided, that Parent shall be permitted to retain copies of, and continue to use,
(A) any Arlo Records that as of the Separation Date are used in or necessary for the operation or conduct of the Parent Business, (B) any Arlo Records that Parent is required by Law to retain (and if copies are not provided to Arlo, then,
to the extent permitted by Law, such copies will be made available to Arlo upon Arlo’s reasonable request), (C) one (1) copy of any Arlo Records to the extent required to demonstrate compliance with applicable Law or pursuant to internal
compliance procedures or related to any Parent Assets or Parent’s and/or its Affiliates’ obligations under this Agreement or any of the Ancillary Agreements and (D) “back-up” electronic
tapes of such Arlo Records maintained by Parent in the ordinary course of business (such material in clauses (A) through (D), the “Parent Records”), and such copies of the Parent Records shall be considered Parent Assets; 

(ix) all Arlo Intellectual Property Rights as of immediately prior to the Separation Time, and all rights, interests or claims
of either Party or any of the members of its Group thereunder as of immediately prior to the Separation Time, including the right to seek, recover and retain damages for the past and future infringement of any Arlo Intellectual Property Rights; 

(x) without limiting clause (ix) above, the Arlo Marks, and all goodwill of the Arlo Business appurtenant thereto; 

(xi) all Arlo Technology as of immediately prior to the Separation Time; 

(xii) all Arlo Information Technology; 

(xiii) all Arlo Permits as of immediately prior to the Separation Time and all rights, interests or claims of
either Party or any of the members of its Group thereunder as of immediately prior to the Separation Time; 
 (xiv) all Arlo
Real Property as of immediately prior to the Separation Time; 

  
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 (xv) the Tangible Personal Property listed in Schedule 2.2(a)(xv)
(collectively, the “Arlo Tangible Personal Property”); and 
 (xvi) any and all Assets set forth on
Schedule 2.2(a)(xvi). 
 Notwithstanding the foregoing, the Parties hereby acknowledge and agree that (A) while a single asset may fall within
more than one of the clauses (i) through (xvi) in this Section 2.2(a), such fact does not imply that (x) such asset shall be transferred more than once or (y) any duplication of such asset is required, and
(B) the Arlo Assets shall not in any event include any Asset referred to in clauses (i) through (xi) of Section 2.2(b) or any Assets set forth in Schedule 2.2(a)(xvii). 

(b) Parent Assets. For the purposes of this Agreement, “Parent Assets” shall mean all Assets of either Party or the
members of its Group as of immediately prior to the Separation Time, other than the Arlo Assets. Notwithstanding anything herein to the contrary, the Parent Assets shall include: 

(i) all Assets that are expressly contemplated by this Agreement or any Ancillary Agreement (or the Schedules hereto or
thereto) as Assets to be retained by Parent or any other member of the Parent Group; 
 (ii) all contracts and agreements of
either Party or any of the members of its Group as of immediately prior to the Separation Time (other than the Arlo Contracts); 

(iii) all Parent Records; 

(iv) all Parent Intellectual Property Rights and all rights, interests or claims of either Party or any of the members of its
Group thereunder as of immediately prior to the Separation Time; 
 (v) all Parent Information Technology; 

(vi) all Accounts Receivable, other than the Arlo Accounts Receivable; 

(vii) all Parent Inventory; 

(viii) all Permits of either Party or any of the members of its Group as of immediately prior to the Separation Time (other
than the Arlo Permits) and all rights, interests or claims of either Party or any of the members of its Group thereunder as of immediately prior to the Separation Time; 

(ix) all Real Property of either Party or any of the members of its Group as of immediately prior to the Separation Time (other
than the Arlo Real Property); 

  
 -21- 

 (x) all cash and cash equivalents of either Party or any of the members of
its Group as of immediately prior to the Separation Time (other than cash and cash equivalents of Arlo or any other member of the Arlo Group as of immediately prior to the Separation Time, except for any cash or cash equivalents withdrawn from Arlo
Accounts in accordance with Section 2.10(d)); and 
 (xi) any and all Assets set forth on
Schedule 2.2(b)(xi). 
 2.3 Arlo Liabilities; Parent Liabilities. 

(a) Arlo Liabilities. For the purposes of this Agreement, “Arlo Liabilities” shall mean the following Liabilities of
either Party or any of the members of its Group: 
 (i) all Liabilities included or reflected as liabilities or obligations
of Arlo or the members of the Arlo Group on the Arlo Balance Sheet, subject to any discharge of such Liabilities subsequent to the date of the Arlo Balance Sheet; provided, that the amounts set forth on the Arlo Balance Sheet with respect to
any Liabilities shall not be treated as minimum amounts or limitations on the amount of such Liabilities that are included in the definition of Arlo Liabilities pursuant to this clause (i); 

(ii) all Liabilities as of immediately prior to the Separation Time that are of a nature or type that would have resulted in
such Liabilities being included or reflected as liabilities or obligations of Arlo or the members of the Arlo Group on a pro forma combined balance sheet of the Arlo Group or any notes or subledgers thereto as of immediately prior to the Separation
Time (were such balance sheet, notes and subledgers to be prepared on a basis consistent with the determination of the Liabilities included on the Arlo Balance Sheet), it being understood that (x) the Arlo Balance Sheet shall be used to
determine the types of, and methodologies used to determine, those Liabilities that are included in the definition of Arlo Liabilities pursuant to this clause (ii); and (y) the amounts set forth on the Arlo Balance Sheet with respect to any
Liabilities shall not be treated as minimum amounts or limitations on the amount of such Liabilities that are included in the definition of Arlo Liabilities pursuant to this clause (ii); 

(iii) any and all Arlo Accounts Payable; 

(iv) any and all Liabilities that are expressly provided by this Agreement or any Ancillary Agreement (or the Schedules hereto
or thereto) as Liabilities to be assumed by Arlo or any other member of the Arlo Group, and all agreements, obligations and Liabilities of any member of the Arlo Group under this Agreement or any of the Ancillary Agreements; 

(v) any and all Liabilities set forth on Schedule 2.3(a)(v); 

(vi) except as otherwise set forth in this Section 2.3(a), all Liabilities, including any
Environmental Liabilities, relating to, arising out of or resulting from the actions, inactions, events, omissions, conditions, facts or circumstances occurring or existing prior to, at or after the Separation Time (whether or not such Liabilities
cease being contingent, mature, become known, are asserted or foreseen, or accrue, in each case before, at or after the Separation Time), in each case to the extent that such Liabilities relate to, arise out of or result from the Arlo Business or an
Arlo Asset; 

  
 -22- 

 (vii) except as otherwise set forth in this
Section 2.3(a), any and all Liabilities relating to, arising out of or resulting from the Arlo Contracts, the Arlo Intellectual Property Rights, the Arlo Technology, Arlo Information Technology, the Arlo Permits, the Arlo
Real Property, the Arlo Tangible Personal Property or any Arlo Product, whether occurring or existing prior to, at or after the Separation Time (whether or not such Liabilities cease being contingent, mature, become known, are asserted or foreseen,
or accrue, in each case before, at or after the Separation Time, including, for the avoidance of doubt, any and all Liabilities relating to, arising out of or resulting from the sale by any member of the Parent Group prior to the Separation Time of
Arlo Products; and 
 (viii) all Liabilities arising out of claims made by any Third Party (including Parent’s or
Arlo’s respective directors, officers, stockholders, employees and agents) against any member of the Parent Group or the Arlo Group to the extent relating to, arising out of or resulting from the Arlo Business or the Arlo Assets, or the other
business, operations, activities or Liabilities referred to in clauses (i) through (vii) above, including for the avoidance of doubt the claims set forth on Schedule 2.3(a)(viii). 

Notwithstanding the foregoing, the Parties hereby acknowledge and agree that (A) while a single Liability may fall within more than one of the clauses
(i) through (viii) in this Section 2.3(a), such fact does not imply that (x) such Liability shall be transferred more than once or (y) any duplication of such Liability is required, and (B) the Arlo
Liabilities shall not in any event include any Liability referred to in clauses (i) through (v) of Section 2.3(b) or any Liabilities set forth in Schedule 2.3(a)(ix). 

(b) Parent Liabilities. For the purposes of this Agreement, “Parent Liabilities” shall mean the following Liabilities
of either Party or any of the members of its Group: 
 (i) any and all Accounts Payable, other than the Arlo Accounts
Payable; 
 (ii) all Liabilities, including any Environmental Liabilities, relating to, arising out of or resulting from
actions, inactions, events, omissions, conditions, facts or circumstances occurring or existing prior to, at or after the Separation Time (whether or not such Liabilities cease being contingent, mature, become known, are asserted or foreseen, or
accrue, in each case before, at or after the Separation Time) of any member of the Parent Group, and, prior to the Separation Time, any member of the Arlo Group, in each case, to the extent that such Liabilities are not Arlo Liabilities; 

(iii) all Liabilities that are expressly provided by this Agreement or any Ancillary Agreement (or the Schedules hereto or
thereto) as Liabilities to be assumed by Parent or any other member of the Parent Group, and all agreements, obligations and Liabilities of any member of the Parent Group under this Agreement or any of the Ancillary Agreements; 

(iv) all Liabilities set forth on Schedule 2.3(b)(iv); 

  
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 (v) all Liabilities arising out of claims made by any Third Party (including
Parent’s or Arlo’s respective directors, officers, stockholders, employees and agents) against any member of the Parent Group or the Arlo Group to the extent relating to, arising out of or resulting from the Parent Business or the Parent
Assets, or the other business, operations, activities or Liabilities referred to in clauses (i) through (iv) above, including for the avoidance of doubt the claims set forth on Schedule 2.3(b)(v), in each case, to the extent that such
Liabilities are not Arlo Liabilities. 
 2.4 Separation Date. Subject to the terms and conditions of this Agreement, the Separation
shall be consummated at a closing to be held at the offices of Wachtell, Lipton, Rosen & Katz, 51 West 52nd Street, New York, New York 10019 on the IPO Closing Date or at such other place or on such other date as Parent and Arlo may
mutually agree upon in writing (the day on which such closing takes place, the “Separation Date”). 
 2.5 Approvals and
Notifications. 
 (a) Approvals and Notifications for Arlo Assets. To the extent that the transfer or assignment of any Arlo
Asset, the assumption of any Arlo Liability, the Separation, the IPO or the Distribution requires any Approvals or Notifications, the Parties shall use their commercially reasonable efforts to obtain or make such Approvals or Notifications as soon
as reasonably practicable; provided, however, that, except to the extent expressly provided in this Agreement or any of the Ancillary Agreements or as otherwise agreed between Parent and Arlo, neither Parent nor Arlo shall be obligated
to contribute capital or pay any consideration in any form (including providing any letter of credit, guaranty or other financial accommodation) to any Person in order to obtain or make such Approvals or Notifications. 

(b) Delayed Arlo Transfers. If and to the extent that the valid, complete and perfected transfer or assignment to the Arlo Group of any
Arlo Asset or assumption by the Arlo Group of any Arlo Liability in connection with the Separation, the IPO or the Distribution would be a violation of applicable Law or require any Approvals or Notifications that have not been obtained or made by
the Separation Time then, unless the Parties mutually shall otherwise determine, the transfer or assignment to the Arlo Group of such Arlo Assets or the assumption by the Arlo Group of such Arlo Liabilities, as the case may be, shall be
automatically deemed deferred and any such purported transfer, assignment or assumption shall be null and void until such time as all legal impediments are removed or such Approvals or Notifications have been obtained or made. Notwithstanding the
foregoing, any such Arlo Assets or Arlo Liabilities shall continue to constitute Arlo Assets and Arlo Liabilities for all other purposes of this Agreement. 

(c) Treatment of Delayed Arlo Assets and Delayed Arlo Liabilities. If any transfer or assignment of any Arlo Asset (or a portion
thereof) or any assumption of any Arlo Liability (or a portion thereof) intended to be transferred, assigned or assumed hereunder, as the case may be, is not consummated at or prior to the Separation Time, whether as a result of the provisions of
Section 2.5(b) or for any other reason (any such Arlo Asset (or a portion thereof), a “Delayed Arlo Asset” and any such Arlo Liability (or a portion thereof), a “Delayed Arlo Liability”),
then, insofar as reasonably possible and subject to applicable Law, the member of the Parent Group retaining such Delayed Arlo Asset or such Delayed Arlo Liability, as the case may be, shall thereafter hold such Delayed Arlo Asset or Delayed Arlo
Liability, as the case may be, 

  
 -24- 

 
for the use and benefit (or the performance and obligation, in the case of a Liability) of the member of the Arlo Group entitled thereto (at the expense of the member of the Arlo Group entitled
thereto). In addition, the member of the Parent Group retaining such Delayed Arlo Asset or such Delayed Arlo Liability shall, insofar as reasonably possible and to the extent permitted by applicable Law, treat such Delayed Arlo Asset or Delayed Arlo
Liability in the ordinary course of business in accordance with past practice and take such other actions as may be reasonably requested by the member of the Arlo Group to whom such Delayed Arlo Asset is to be transferred or assigned, or which will
assume such Delayed Arlo Liability, as the case may be, in order to place such member of the Arlo Group in a substantially similar position as if such Delayed Arlo Asset or Delayed Arlo Liability had been transferred, assigned or assumed as
contemplated hereby and so that all the benefits and burdens relating to such Delayed Arlo Asset or Delayed Arlo Liability, as the case may be, including use, risk of loss, potential for gain and dominion, control and command over such Delayed Arlo
Asset or Delayed Arlo Liability, as the case may be, and all costs and expenses related thereto, shall inure from and after the Separation Time to the Arlo Group. 

(d) Transfer of Delayed Arlo Assets and Delayed Arlo Liabilities. If and when the Approvals or Notifications, the absence of which
caused the deferral of transfer or assignment of any Delayed Arlo Asset or the deferral of assumption of any Delayed Arlo Liability pursuant to Section 2.5(b), are obtained or made, and, if and when any other legal
impediments for the transfer or assignment of any Delayed Arlo Asset or the assumption of any Delayed Arlo Liability have been removed, the transfer or assignment of the applicable Delayed Arlo Asset or the assumption of the applicable Delayed Arlo
Liability, as the case may be, shall be effected in accordance with the terms of this Agreement and/or the applicable Ancillary Agreement. 

(e) Costs for Delayed Arlo Assets and Delayed Arlo Liabilities; Payment of the Delayed Arlo Asset Consideration. Except as otherwise
agreed in writing between the Parties, any member of the Parent Group retaining a Delayed Arlo Asset or Delayed Arlo Liability due to the deferral of the transfer or assignment of such Delayed Arlo Asset or the deferral of the assumption of such
Delayed Arlo Liability, as the case may be, shall not be obligated, in connection with the foregoing, to expend any money unless the necessary funds are advanced (or otherwise made available) by Arlo or the member of the Arlo Group entitled to the
Delayed Arlo Asset or Delayed Arlo Liability, other than reasonable out-of-pocket expenses, attorneys’ fees and recording or similar fees, all of which shall be
promptly reimbursed by Arlo or the member of the Arlo Group entitled to such Delayed Arlo Asset or Delayed Arlo Liability. 
 (f)
Approvals and Notifications for Parent Assets. To the extent that the transfer or assignment of any Parent Asset, the assumption of any Parent Liability, the Separation, the IPO or the Distribution requires any Approvals or Notifications, the
Parties shall use their commercially reasonable efforts to obtain or make such Approvals or Notifications as soon as reasonably practicable; provided, however, that, except to the extent expressly provided in this Agreement or any of
the Ancillary Agreements or as otherwise agreed between Parent and Arlo, neither Parent nor Arlo shall be obligated to contribute capital or pay any consideration in any form (including providing any letter of credit, guaranty or other financial
accommodation) to any Person in order to obtain or make such Approvals or Notifications. 

  
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 (g) Delayed Parent Transfers. If and to the extent that the valid, complete and
perfected transfer or assignment to the Parent Group of any Parent Asset or assumption by the Parent Group of any Parent Liability in connection with the Separation, the IPO or the Distribution would be a violation of applicable Law or require any
Approvals or Notifications that have not been obtained or made by the Separation Time then, unless the Parties mutually shall otherwise determine, the transfer or assignment to the Parent Group of such Parent Assets or the assumption by the Parent
Group of such Parent Liabilities, as the case may be, shall be automatically deemed deferred and any such purported transfer, assignment or assumption shall be null and void until such time as all legal impediments are removed or such Approvals or
Notifications have been obtained or made. Notwithstanding the foregoing, any such Parent Assets or Parent Liabilities shall continue to constitute Parent Assets and Parent Liabilities for all other purposes of this Agreement. 

(h) Treatment of Delayed Parent Assets and Delayed Parent Liabilities. If any transfer or assignment of any Parent Asset (or a portion
thereof) or any assumption of any Parent Liability (or a portion thereof) intended to be transferred, assigned or assumed hereunder, as the case may be, is not consummated at or prior to the Separation Time whether as a result of the provisions of
Section 2.5(g) or for any other reason (any such Parent Asset (or a portion thereof), a “Delayed Parent Asset” and any such Parent Liability (or a portion thereof), a “Delayed Parent
Liability”), then, insofar as reasonably possible and subject to applicable Law, the member of the Arlo Group retaining such Delayed Parent Asset or such Delayed Parent Liability, as the case may be, shall thereafter hold such Delayed
Parent Asset or Delayed Parent Liability, as the case may be, for the use and benefit (or the performance or obligation, in the case of a Liability) of the member of the Parent Group entitled thereto (at the expense of the member of the Parent Group
entitled thereto). In addition, the member of the Arlo Group retaining such Delayed Parent Asset or such Delayed Parent Liability shall, insofar as reasonably possible and to the extent permitted by applicable Law, treat such Delayed Parent Asset or
Delayed Parent Liability in the ordinary course of business in accordance with past practice. Such member of the Arlo Group shall also take such other actions as may be reasonably requested by the member of the Parent Group to which such Delayed
Parent Asset is to be transferred or assigned, or which will assume such Delayed Parent Liability, as the case may be, in order to place such member of the Parent Group in a substantially similar position as if such Delayed Parent Asset or Delayed
Parent Liability had been transferred, assigned or assumed and so that all the benefits and burdens relating to such Delayed Parent Asset or Delayed Parent Liability, as the case may be, including use, risk of loss, potential for gain, and dominion,
control and command over such Delayed Parent Asset or Delayed Parent Liability, as the case may be, and all costs and expenses related thereto, shall inure from and after the Separation Time to the Parent Group. 

(i) Transfer of Delayed Parent Assets and Delayed Parent Liabilities. If and when the Approvals or Notifications, the absence of which
caused the deferral of transfer or assignment of any Delayed Parent Asset or the deferral of assumption of any Delayed Parent Liability pursuant to Section 2.5(g), are obtained or made, and, if and when any other legal
impediments for the transfer or assignment of any Delayed Parent Asset or the assumption of any Delayed Parent Liability have been removed, the transfer or assignment of the applicable Delayed Parent Asset or the assumption of the applicable Delayed
Parent Liability, as the case may be, shall be effected in accordance with the terms of this Agreement and/or the applicable Ancillary Agreement. 

  
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 (j) Costs for Delayed Parent Assets and Delayed Parent Liabilities. Except as
otherwise agreed in writing between the Parties, any member of the Arlo Group retaining a Delayed Parent Asset or Delayed Parent Liability due to the deferral of the transfer or assignment of such Delayed Parent Asset or the deferral of the
assumption of such Delayed Parent Liability, as the case may be, shall not be obligated, in connection with the foregoing, to expend any money unless the necessary funds are advanced (or otherwise made available) by Parent or the member of the
Parent Group entitled to the Delayed Parent Asset or Delayed Parent Liability, other than reasonable out-of-pocket expenses, attorneys’ fees and recording or
similar fees, all of which shall be promptly reimbursed by Parent or the member of the Parent Group entitled to such Delayed Parent Asset or Delayed Parent Liability. 

2.6 Assignment and Novation of Liabilities. 

(a) Assignment and Novation of Arlo Liabilities. 

(i) Prior to the Separation Time, Arlo, at the request of Parent, shall use its commercially reasonable efforts to obtain, or
to cause to be obtained, as soon as reasonably practicable, any consent, substitution, approval or amendment required to novate or assign all Arlo Liabilities and obtain in writing the unconditional release of each member of the Parent Group that is
a party to or otherwise obligated under any such arrangements, to the extent permitted by applicable Law and effective as of the Separation Time, so that, in any such case, the members of the Arlo Group shall be solely responsible for such Arlo
Liabilities; provided, however, that, except as otherwise expressly provided in this Agreement or any of the Ancillary Agreements, neither Parent nor Arlo shall be obligated to contribute any capital or pay any consideration in any
form (including providing any letter of credit, guaranty or other financial accommodation) to any third Person from whom any such consent, substitution, approval, amendment or release is requested. To the extent such substitution contemplated by the
first sentence of this Section 2.6(a)(i) has been effected, the members of the Parent Group shall, from and after the Separation Time, cease to have any obligation whatsoever arising from or in connection with such Arlo
Liabilities. 
 (ii) If Arlo is unable to obtain, or to cause to be obtained, any such required consent, substitution,
approval, amendment or release, and the applicable member of the Parent Group continues to be bound by such agreement, lease, license or other obligation or Liability (each, an “Unreleased Arlo Liability”), Arlo shall, to the extent
not prohibited by Law, (A) use its commercially reasonable efforts to effect such consent, substitution, approval, amendment or release as soon as practicable following the Separation Time, but in any event within six (6) months thereof,
and (B) as indemnitor, guarantor, agent or subcontractor for such member of the Parent Group, as the case may be, (1) pay, perform and discharge fully all the obligations or other Liabilities of such member of the Parent Group that
constitute Unreleased Arlo Liabilities from and after the Separation Time and (2) use its commercially reasonable efforts to effect such payment, 

  
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performance or discharge prior to any demand for such payment, performance or discharge is permitted to be made by the obligee thereunder on any member of the Parent Group. If and when any such
consent, substitution, approval, amendment or release shall be obtained or the Unreleased Arlo Liabilities shall otherwise become assignable or able to be novated, Parent shall promptly assign, or cause to be assigned, and Arlo or the applicable
member of the Arlo Group shall assume, such Unreleased Arlo Liabilities without exchange of further consideration. 
 (iii)
If Arlo is unable to obtain, or to cause to be obtained, any such required consent, substitution, approval, amendment or release as set forth in clause (ii) of this Section 2.6(a), Arlo and any relevant member of its
Group that has assumed the applicable Unreleased Arlo Liability shall indemnify, defend and hold harmless Parent against or from such Unreleased Arlo Liability in accordance with the provisions of Article V and shall, as agent or
subcontractor for Parent, pay, perform and discharge fully all the obligations or other Liabilities of Parent thereunder. 
 (b)
Assignment and Novation of Parent Liabilities. 
 (i) Prior to the Separation Time, Parent, at the request of Arlo,
shall use its commercially reasonable efforts to obtain, or to cause to be obtained, as soon as reasonably practicable, any consent, substitution, approval or amendment required to novate or assign all Parent Liabilities and obtain in writing the
unconditional release of each member of the Arlo Group that is a party to any such arrangements, so that, in any such case, the members of the Parent Group shall be solely responsible for such Parent Liabilities; provided, however,
that, except as otherwise expressly provided in this Agreement or any of the Ancillary Agreements, neither Parent nor Arlo shall be obligated to contribute any capital or pay any consideration in any form (including providing any letter of credit,
guaranty or other financial accommodation) to any third Person from whom any such consent, substitution, approval, amendment or release is requested. To the extent such substitution contemplated by the first sentence of this
Section 2.6(b)(i) has been effected, the members of the Arlo Group shall, from and after the Separation Time, cease to have any obligation whatsoever arising from or in connection with such Parent Liabilities. 

(ii) If Parent or Arlo is unable to obtain, or to cause to be obtained, any such required consent, substitution, approval,
amendment or release and the applicable member of the Arlo Group continues to be bound by such agreement, lease, license or other obligation or Liability (each, an “Unreleased Parent Liability”), Parent shall, to the extent not
prohibited by Law, (A) use its commercially reasonable effort to effect such consent, substitution, approval, amendment or release as soon as practicable following the Separation Time, but in any event within six (6) months thereof, and
(B) as indemnitor, guarantor, agent or subcontractor for such member of the Arlo Group, as the case may be, (1) pay, perform and discharge fully all the obligations or other Liabilities of such member of the Arlo Group that constitute
Unreleased Parent Liabilities from and after the Separation Time and (2) use its commercially reasonable efforts to effect such payment, performance or discharge prior to any demand for such payment, performance or discharge is permitted to be
made by the obligee thereunder on any member of the Arlo Group. If and when any such consent, substitution, approval, amendment or release 

  
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shall be obtained or the Unreleased Parent Liabilities shall otherwise become assignable or able to be novated, Arlo shall promptly assign, or cause to be assigned, and Parent or the applicable
member of the Parent Group shall assume, such Unreleased Parent Liabilities without exchange of further consideration. 

(iii) If Parent is unable to obtain, or to cause to be obtained, any such required consent, substitution, approval, amendment
or release as set forth in clause (ii) of this Section 2.6(b), Parent and any relevant member of its Group (except for members of the Arlo Group) that has assumed the applicable Unreleased Parent Liability shall
indemnify, defend and hold harmless Arlo against or from such Unreleased Parent Liability in accordance with the provisions of Article V and shall, as agent or subcontractor for Arlo, pay, perform and discharge fully all the obligations or
other Liabilities of Arlo thereunder. 
 2.7 Release of Guarantees. In furtherance of, and not in limitation of, the obligations set
forth in Section 2.6: 
 (a) At or prior to the Distribution Date or as soon as practicable thereafter, each of
Parent and Arlo shall, at the request of the other Party and with the reasonable cooperation of such other Party and the applicable member(s) of such other Party’s Group, use commercially reasonable efforts to (i) have any member(s) of the
Parent Group removed as guarantor of or obligor for any Arlo Liability, other than any Arlo Liability set forth on Schedule 2.7, including the removal of any Security Interest on or in any Parent Asset that may serve as collateral or security
for any such Arlo Liability; and (ii) have any member(s) of the Arlo Group removed as guarantor of or obligor for any Parent Liability, including the removal of any Security Interest on or in any Arlo Asset that may serve as collateral or
security for any such Parent Liability. 
 (b) To the extent required to obtain a release from a guarantee of: 

(i) any member of the Parent Group, Arlo shall execute a guarantee agreement in the form of the existing guarantee or such
other form as is agreed to by the relevant parties to such guarantee agreement, which agreement shall include the removal of any Security Interest on or in any Parent Asset that may serve as collateral or security for any such Arlo Liability, except
to the extent that such existing guarantee contains representations, covenants or other terms or provisions either (i) with which Arlo would be reasonably unable to comply or (ii) which Arlo would not reasonably be able to avoid breaching;
and 
 (ii) any member of the Arlo Group, Parent shall execute a guarantee agreement in the form of the existing guarantee or
such other form as is agreed to by the relevant parties to such guarantee agreement, which agreement shall include the removal of any Security Interest on or in any Arlo Asset that may serve as collateral or security for any such Parent Liability,
except to the extent that such existing guarantee contains representations, covenants or other terms or provisions either (i) with which Parent would be reasonably unable to comply or (ii) which Parent would not reasonably be able to avoid
breaching. 

  
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 (c) If Parent or Arlo is unable to obtain, or to cause to be obtained, any such required
removal or release, or is expressly not required to do so, in each case as set forth in clauses (a) and (b) of this Section 2.7, (i) the Party or the relevant member of its Group that is responsible pursuant to
this Agreement for the Liability associated with such guarantee shall indemnify, defend and hold harmless the guarantor or obligor, as applicable, against or from any Liability arising from or relating thereto in accordance with the provisions of
Article V and shall, as agent or subcontractor for such guarantor or obligor, pay, perform and discharge fully all the obligations or other Liabilities of such guarantor or obligor thereunder; and (ii) each of Parent and Arlo, on behalf
of itself and the other members of their respective Group, agree not to renew or extend the term of, increase any obligations under, or transfer to a Third Party, any loan, guarantee, lease, contract or other obligation for which the other Party or
a member of its Group is or may be liable unless all obligations of such other Party and the members of such other Party’s Group with respect thereto are thereupon terminated by documentation satisfactory in form and substance to such other
Party. 
 2.8 Termination of Agreements. 

(a) Except as set forth in Section 2.8(b), in furtherance of the releases and other provisions of
Section 5.1, Arlo and each member of the Arlo Group, on the one hand, and Parent and each member of the Parent Group, on the other hand, hereby terminate any and all agreements, arrangements, commitments or understandings,
whether or not in writing, between or among Arlo and/or any member of the Arlo Group, on the one hand, and Parent and/or any member of the Parent Group, on the other hand, effective as of the Separation Time. No such terminated agreement,
arrangement, commitment or understanding (including any provision thereof which purports to survive termination) shall be of any further force or effect after the Separation Time. Each Party shall, at the reasonable request of the other Party, take,
or cause to be taken, such other actions as may be necessary to effect the foregoing. 
 (b) The provisions of
Section 2.8(a) shall not apply to any of the following agreements, arrangements, commitments or understandings (or to any of the provisions thereof): 

(i) this Agreement and the Ancillary Agreements (and each other agreement or instrument expressly contemplated by this
Agreement or any Ancillary Agreement to be entered into by any of the Parties or any of the members of their respective Groups or to be continued from and after the Separation Time); 

(ii) any agreements, arrangements, commitments or intercompany accounts receivable, accounts payable or other intercompany
accounts listed or described on Schedule 2.8(b)(ii), which shall be treated as described therein; 
 (iii) any
agreements, arrangements, commitments or understandings to which any Third Party is a party thereto, including any Shared Contracts; and 

(iv) any agreements, arrangements, commitments or understandings to which any
non-wholly owned Subsidiary of Parent or Arlo, as the case may be, is a party (it being understood that directors’ qualifying shares or similar interests will be disregarded for purposes of determining
whether a Subsidiary is wholly owned). 

  
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 (c) All of the intercompany accounts receivable and accounts payable between any member of
the Parent Group, on the one hand, and any member of the Arlo Group, on the other hand, outstanding as of the Separation Time and arising out of the contracts or agreements described in Section 2.8(b) or out of the
provision, prior to the Separation Time, of the services to be provided following the Separation Time pursuant to the Ancillary Agreements shall be repaid or settled following the Separation Time in the ordinary course of business or, if otherwise
mutually agreed prior to the Separation Time by duly authorized representatives of Parent and Arlo, cancelled. All other intercompany accounts receivable and accounts payable between any member of the Parent Group, on the one hand, and any member of
the Arlo Group, on the other hand, outstanding as of the Separation Time shall be repaid or settled immediately prior to or as promptly as practicable after the Separation Time. 

2.9 Treatment of Shared Contracts. 

(a) Subject to applicable Law and without limiting the generality of the obligations set forth in Section 2.1, unless
the Parties otherwise agree or the benefits of any contract, agreement, arrangement, commitment or understanding described in this Section 2.9 are expressly conveyed to the applicable Party pursuant to this Agreement or an
Ancillary Agreement, any contract or agreement, a portion of which relates to matters that would be the subject of an Arlo Contract, but the remainder of which relates to matters that would be the subject of a Parent Asset (any such contract or
agreement, including those set forth on Schedule 2.9, a “Shared Contract”), shall be assigned in relevant part to the applicable member(s) of the applicable Group, if so assignable, or appropriately amended prior to, on or
after the Separation Time, so that each Party or the member of its Group shall, as of the Separation Time, be entitled to the rights and benefits, and shall assume the related portion of any Liabilities, inuring to its respective businesses;
provided, however, that (i) in no event shall any member of any Group be required to assign (or amend) any Shared Contract in its entirety or to assign a portion of any Shared Contract which is not assignable (or cannot be
amended) by its terms (including any terms imposing consents or conditions on an assignment where such consents or conditions have not been obtained or fulfilled) and (ii) if any Shared Contract cannot be so partially assigned by its terms or
otherwise, or cannot be amended or if such assignment or amendment would impair the benefit the parties thereto derive from such Shared Contract, then the Parties shall, and shall cause each of the members of their respective Groups to, take such
other reasonable and permissible actions (including by providing prompt notice to the other Party with respect to any relevant claim of Liability or other relevant matters arising in connection with a Shared Contract so as to allow such other Party
the ability to exercise any applicable rights under such Shared Contract) to cause a member of the Arlo Group or the Parent Group, as the case may be, to receive the rights and benefits of that portion of each Shared Contract that relates to the
Arlo Business or the Parent Business, as the case may be (in each case, to the extent so related), as if such Shared Contract had been assigned to a member of the applicable Group (or amended to allow a member of the applicable Group to exercise
applicable rights under such Shared Contract) pursuant to this Section 2.9, and to bear the burden of the corresponding Liabilities (including any Liabilities that may arise by reason of such arrangement), as if such
Liabilities had been assumed by a member of the applicable Group pursuant to this Section 2.9. 

  
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 (b) Each of Parent and Arlo shall, and shall cause the members of its Group to,
(i) treat for all Tax purposes the portion of each Shared Contract inuring to its respective businesses as an Asset owned by, and/or a Liability of, as applicable, such Party, or the members of its Group, as applicable, not later than the
Separation Time, and (ii) neither report nor take any Tax position (on a Tax Return or otherwise) inconsistent with such treatment (unless required by applicable Law). 

(c) Nothing in this Section 2.9 shall require any member of any Group to make any payment (except to the extent
advanced, assumed or agreed in advance to be reimbursed by any member of the other Group), incur any obligation or grant any concession for the benefit of any member of any other Group in order to effect any transaction contemplated by this
Section 2.9. 
 2.10 Bank Accounts; Cash Balances. 

(a) Each Party agrees to take, or cause the members of its Group to take, at the Separation Time (or such earlier time as the Parties may
agree), all actions necessary to amend all contracts or agreements governing each bank and brokerage account owned by Arlo or any other member of the Arlo Group (collectively, the “Arlo Accounts”) and all contracts or agreements
governing each bank or brokerage account owned by Parent or any other member of the Parent Group (collectively, the “Parent Accounts”) so that each such Arlo Account and Parent Account, if currently linked (whether by automatic
withdrawal, automatic deposit or any other authorization to transfer funds from or to, hereinafter “Linked”) to any Parent Account or Arlo Account, respectively, is de-Linked from such Parent
Account or Arlo Account, respectively. 
 (b) It is intended that, following consummation of the actions contemplated by
Section 2.10(a), there will be in place a cash management process pursuant to which the Arlo Accounts will be managed and funds collected will be transferred into one (1) or more accounts maintained by Arlo or a member
of the Arlo Group. 
 (c) It is intended that, following consummation of the actions contemplated by
Section 2.10(a), there will continue to be in place a cash management process pursuant to which the Parent Accounts will be managed and funds collected will be transferred into one (1) or more accounts maintained by
Parent or a member of the Parent Group. 
 (d) With respect to any outstanding checks issued or payments initiated by Parent, Arlo, or any of
the members of their respective Groups prior to the Separation Time, such outstanding checks and payments shall be honored following the Separation Time by the Person or Group owning the account on which the check is drawn or from which the payment
was initiated, respectively. 
 (e) As between Parent and Arlo (and the members of their respective Groups), all payments made and
reimbursements received after the Separation Time by either Party (or member of its Group) that relate to a business, Asset or Liability of the other Party (or member of its Group), shall be held by such Party in trust for the use and benefit of the
Party entitled thereto and, promptly following receipt by such Party of any such payment or reimbursement, such Party shall pay over, or shall cause the applicable member of its Group to pay over to the other Party the amount of such payment or
reimbursement without right of set-off. 

  
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 2.11 Ancillary Agreements. Effective at or prior to the Separation Time, each of
Parent and Arlo will, or will cause the applicable members of their Groups to, execute and deliver all Ancillary Agreements to which it is a party. 

2.12 Disclaimer of Representations and Warranties. EACH OF PARENT (ON BEHALF OF ITSELF AND EACH MEMBER OF THE PARENT GROUP) AND ARLO (ON
BEHALF OF ITSELF AND EACH MEMBER OF THE ARLO GROUP) UNDERSTANDS AND AGREES THAT, EXCEPT AS EXPRESSLY SET FORTH HEREIN OR IN ANY ANCILLARY AGREEMENT, NO PARTY TO THIS AGREEMENT, ANY ANCILLARY AGREEMENT OR ANY OTHER AGREEMENT OR DOCUMENT CONTEMPLATED
BY THIS AGREEMENT, ANY ANCILLARY AGREEMENT OR OTHERWISE, IS REPRESENTING OR WARRANTING IN ANY WAY AS TO THE ASSETS, BUSINESSES OR LIABILITIES TRANSFERRED OR ASSUMED AS CONTEMPLATED HEREBY OR THEREBY, AS TO ANY CONSENTS OR APPROVALS REQUIRED IN
CONNECTION THEREWITH (INCLUDING WITHOUT LIMITATION GOVERNMENTAL APPROVALS OR PERMITS OF ANY KIND), AS TO THE VALUE OR FREEDOM FROM ANY SECURITY INTERESTS OF, OR ANY OTHER MATTER CONCERNING, ANY ASSETS OF SUCH PARTY, OR AS TO THE ABSENCE OF ANY
DEFENSES OR RIGHT OF SETOFF OR FREEDOM FROM COUNTERCLAIM WITH RESPECT TO ANY CLAIM OR OTHER ASSET, INCLUDING ANY ACCOUNTS RECEIVABLE, OF ANY PARTY, OR AS TO THE LEGAL SUFFICIENCY OF ANY ASSIGNMENT, DOCUMENT OR INSTRUMENT DELIVERED HEREUNDER TO
CONVEY TITLE TO ANY ASSET OR THING OF VALUE UPON THE EXECUTION, DELIVERY AND FILING HEREOF OR THEREOF. EXCEPT AS MAY EXPRESSLY BE SET FORTH HEREIN OR IN ANY ANCILLARY AGREEMENT, ALL SUCH ASSETS ARE BEING TRANSFERRED ON AN “AS IS,”
“WHERE IS” BASIS (AND, IN THE CASE OF ANY REAL PROPERTY, BY MEANS OF A QUITCLAIM OR SIMILAR FORM OF DEED OR CONVEYANCE) AND THE RESPECTIVE TRANSFEREES SHALL BEAR, WITHOUT LIMITATION, THE ECONOMIC AND LEGAL RISKS THAT (I) ANY
CONVEYANCE WILL PROVE TO BE INSUFFICIENT TO VEST IN THE TRANSFEREE GOOD AND MARKETABLE TITLE, FREE AND CLEAR OF ANY SECURITY INTEREST, AND (II) ANY NECESSARY APPROVALS OR NOTIFICATIONS ARE NOT OBTAINED OR MADE OR THAT ANY REQUIREMENTS OF LAWS
OR JUDGMENTS ARE NOT COMPLIED WITH. 
 ARTICLE III 

THE IPO 
 3.1 Sole and Absolute
Discretion; Cooperation. Subject to the terms of the Underwriting Agreement, Parent may, in its sole and absolute discretion, determine the terms of the IPO, including the form, structure and terms of any transaction(s) and/or offering(s) to
effect the IPO and the timing and conditions to the consummation of the IPO. In addition, subject to the terms of the Underwriting Agreement, Parent may, at any time and from time to time until the consummation of the IPO, modify or change the terms
of the IPO, including by accelerating or delaying the timing of the consummation of all or part of the IPO. Arlo shall cooperate with Parent to accomplish the IPO and shall, at Parent’s direction, promptly take any and all actions necessary or
desirable to effect the IPO, including, without limitation, the registration under the Securities Act of shares of Arlo Common Stock on an appropriate registration form or forms to be designated by Parent. 

  
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 3.2 Actions Prior to the IPO. 

(a) Subject to the conditions specified in Section 3.3, Parent and Arlo shall use their reasonable best efforts to
consummate the IPO. Such actions shall include, but not necessarily be limited to, those specified in this Section 3.2. 

(b) Registration Statements. Arlo shall prepare and file the IPO Registration Statement, and such amendments or supplements thereto, and
use its reasonable best efforts to cause the same to become and remain effective as required by Law or by the Underwriting Agreement, including, but not limited to, filing such amendments to the IPO Registration Statement as may be required by the
Underwriting Agreement, the SEC or federal, state or foreign securities Laws. Parent and Arlo shall also cooperate in preparing, filing with the SEC and causing to become effective a registration statement registering the Arlo Common Stock under the
Exchange Act, and any registration statements or amendments thereof which are required to reflect the establishment of, or amendments to, any employee benefit and other plans necessary or appropriate in connection with the IPO, the Separation, the
Distribution or the other transactions contemplated by this Agreement and the Ancillary Agreements. 
 (c) Underwriting Activities.
Parent and Arlo shall enter into the Underwriting Agreement, in form and substance reasonably satisfactory to Parent and shall comply with its obligations thereunder. 

(d) IPO Consultation. Parent and Arlo shall consult with each other and the Underwriters regarding the timing, pricing and other
material matters with respect to the IPO. 
 (e) Securities Law Matters. To the extent required under applicable Law, Parent and Arlo
will prepare, and Arlo will file with the SEC any such documentation and any requisite no-action letters which Parent determines are necessary or desirable to effectuate the IPO, and Parent and Arlo shall each
use its reasonable best efforts to obtain all necessary approvals from the SEC with respect thereto as soon as practicable. Each of Parent and Arlo shall use its reasonable best efforts to take all such action as may be necessary or appropriate
under state securities and blue sky laws of the United States (and any comparable Laws under any foreign jurisdictions) in connection with the IPO. 

(f) NYSE Listing. Arlo shall prepare, file and use reasonable best efforts to seek to make effective, an application for listing of the
shares of Arlo Common Stock to be issued in the IPO on the NYSE, subject to official notice of issuance. 
 (g) Preparation of Materials.
Arlo shall participate in the preparation of materials and presentations as Parent or the Underwriters shall deem necessary or desirable. 

(h) IPO Costs. Other than the SEC registration fee and the FINRA fee, which were paid by Parent, Arlo shall pay all third-party costs,
fees and expenses relating to the IPO, all of the reimbursable expenses of the Underwriters pursuant to the Underwriting Agreement, all of the costs of producing, printing, mailing and otherwise distributing the Prospectus, as well as the
Underwriters’ discount as provided in the Underwriting Agreement. 

  
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 (i) Arlo Directors and Officers. On or prior to the IPO Closing Date, Parent and Arlo
shall take all necessary actions so that, as of the IPO Closing Date, the directors and executive officers of Arlo shall be those set forth in the IPO Registration Statement, unless otherwise agreed by the Parties. 

(j) Arlo Certificate of Incorporation and Arlo Bylaws. On or prior to the IPO Closing Date, Parent and Arlo shall each take all actions
that may be required to provide for the adoption by Arlo of the Amended and Restated Certificate of Incorporation of Arlo substantially in the form attached as Exhibit A and the Amended and Restated Bylaws of Arlo substantially in the form
attached as Exhibit B. 
 3.3 Conditions Precedent to Consummation of the IPO. 

(a) Subject to Section 3.1, as soon as practicable after the date of this Agreement, the Parties hereto shall use
their reasonable best efforts to satisfy the conditions to the consummation of the IPO set forth in this Section 3.3. The obligations of the Parties to consummate the IPO shall be conditioned on the satisfaction, or waiver
by Parent in its sole discretion, of the following conditions: 
 (i) The transfer of the Arlo Assets (other than any Delayed
Arlo Asset) and Arlo Liabilities (other than any Delayed Arlo Liability) contemplated to be transferred from Parent to Arlo at or prior to the Separation Time shall have occurred as contemplated by Section 2.1, and the
transfer of the Parent Assets (other than any Delayed Parent Asset) and Parent Liabilities (other than any Delayed Parent Liability) contemplated to be transferred from Arlo to Parent at or prior to the Separation Time shall have occurred as
contemplated by Section 2.1, in each case, pursuant to the Plan of Reorganization. 
 (ii) The IPO
Registration Statement shall have been filed and declared effective by the SEC, and there shall be no stop-order in effect with respect thereto, and no proceeding for that purpose shall have been instituted by the SEC. 

(iii) The actions and filings with regard to state securities and blue sky laws of the United States (and any comparable Laws
under any foreign jurisdictions) referenced in Section 3.2(e), if any, shall have been taken and, where applicable, have become effective or been accepted. (iv) The shares of Arlo Common Stock to be issued in the IPO shall
have been accepted for listing on the NYSE, on official notice of issuance. 
 (v) The Ancillary Agreements shall have been
duly executed and delivered by the parties thereto. 

  
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 (vi) Arlo shall have entered into the Underwriting Agreement, and all
conditions to the obligations of Parent, Arlo and the Underwriters shall have been satisfied or waived. 
 (vii) Parent shall
be satisfied in its sole discretion that it will own at least 80.1% of the total voting power with respect to the election and removal of directors of the outstanding shares of Arlo Common Stock following the IPO, and Parent shall be satisfied in
its sole discretion that all other conditions to permit the Distribution to qualify as a tax-free distribution to Parent, Arlo and Parent’s stockholders shall, to the extent applicable as of the time of
the IPO, be satisfied, and there shall be no event or condition that is likely to cause any of such conditions not to be satisfied as of the time of the Distribution or thereafter. 

(viii) No order, injunction or decree issued by any court or agency of competent jurisdiction or other legal restraint or
prohibition preventing the consummation of the Separation or the IPO or any of the other transactions contemplated by this Agreement or any other Ancillary Agreement shall be in effect. 

(ix) Such other actions as the parties hereto may, based upon the advice of counsel, reasonably request to be taken prior to
the Separation and the IPO in order to assure the successful completion of the Separation and the IPO and the other transactions contemplated by this Agreement shall have been taken. 

(x) This Agreement shall not have been terminated. 

(xi) No event or development shall have occurred or exist or be expected to occur that, in the judgment of the Parent Board, in
its sole discretion, makes it inadvisable to effect the Separation or the IPO. 
 (b) The foregoing conditions are for the sole benefit of
Parent and shall not give rise to or create any duty on the part of Parent or the Parent Board to waive or not waive such conditions or in any way limit Parent’s right to terminate this Agreement as set forth in Article X or alter the
consequences of any such termination from those specified in such Article. Any determination made by the Parent Board prior to the IPO concerning the satisfaction or waiver of any or all of the conditions set forth in this
Section 3.3 shall be conclusive. 
 ARTICLE IV 

THE DISTRIBUTION 
 4.1 Sole and
Absolute Discretion; Cooperation(a) . 
 (a) Parent currently intends to effect the Distribution following the consummation of the IPO;
provided, however, that Parent may, in its sole and absolute discretion, determine whether to proceed with, and the terms of the Distribution, including the form (including whether to effect the transaction as a pro rata spin-off, a split-off or a combination of both transactions), structure and terms of any transaction(s) and/or offering(s) to effect the Distribution. Subject to any
restrictions contained in the Underwriting Agreement, Parent shall have the sole discretion to determine the date of consummation of the Distribution at any time after the IPO Closing Date, and such date as so determined by Parent is referred to
herein as the “Distribution Date.” 

  
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 (b) Arlo shall cooperate with Parent to accomplish the Distribution and shall, at
Parent’s direction, promptly take any and all actions necessary or desirable to effect the Distribution. Parent shall select any investment bank or manager in connection with the Distribution, as well as any Agent, financial printer,
solicitation and/or exchange agent and financial, legal, accounting and other advisors for Parent. Arlo and Parent, as the case may be, will provide to the Agent all share certificates and any information required in order to complete the
Distribution. 
 4.2 Actions Prior to the Distribution. Prior to the Distribution Date and subject to the terms and conditions set
forth herein, the Parties shall take, or cause to be taken, the following actions in connection with the Distribution: 
 (a) Securities
Law Matters. Parent and Arlo shall prepare and mail, prior to any Distribution Date, to the holders of Parent Common Stock, such information concerning Arlo, its business, operations and management, the Distribution and such other matters as
Parent shall reasonably determine and as may be required by Law. Parent and Arlo will prepare, and Arlo will, to the extent required under applicable Law, file with the SEC any such documentation and any requisite
no-action letters which Parent determines are necessary or desirable to effectuate the Distribution, and Parent and Arlo shall each use its reasonable best efforts to obtain all necessary approvals from the
SEC with respect thereto as soon as practicable. Each of Parent and Arlo shall use its reasonable best efforts to take all such action as may be necessary or appropriate under state securities and blue sky laws of the United States (and any
comparable Laws under any foreign jurisdictions) in connection with the Distribution. 
 (b) NYSE Listing. Arlo shall prepare, file
and use reasonable best efforts to seek to make effective, an application for listing of the shares of Arlo Common Stock to be issued in the Distribution on the NYSE, subject to official notice of issuance. 

(c) The Distribution Agent. Parent shall enter into a distribution agent agreement with the Agent or otherwise provide instructions to
the Agent regarding the Distribution. 
 (d) Stock-Based Employee Benefit Plan. Parent and Arlo shall take all actions as may be
necessary to approve the grants of adjusted equity awards by Parent (in respect of shares of Parent Common Stock) and Arlo (in respect of shares of Arlo Common Stock) in connection with the Distribution in order to satisfy the requirements of Rule 16b-3 under the Exchange Act. 
 4.3 Conditions to the Distribution. 

(a) The consummation of the Distribution will be subject to the satisfaction, or waiver by Parent in its sole and absolute discretion, of the
following conditions: 
 (i) Parent shall have received an opinion from its outside counsel, dated as of the Distribution
Date, regarding the qualification of the Contribution and the Distribution, taken together, as a reorganization within the meaning of Sections 355(a) and 368(a)(1)(D) of the Code. 

  
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 (ii) All Governmental Approvals necessary to consummate the Distribution
shall have been obtained and be in full force and effect. 
 (iii) An independent appraisal firm acceptable to Parent shall
have delivered one or more opinions to the Parent Board confirming the solvency and financial viability of Parent prior to the Distribution and of Parent and Arlo after consummation of the Distribution, and such opinions shall be acceptable to
Parent in form and substance in Parent’s sole discretion and such opinions shall not have been withdrawn or rescinded. 

(iv) The actions and filings necessary or appropriate under applicable U.S. federal, U.S. state or other securities Laws or
blue sky laws and the rules and regulations thereunder in connection with the Distribution shall have been taken or made, and, where applicable, have become effective or been accepted by the applicable Governmental Authority. 

(v) No order, injunction or decree issued by any Governmental Authority of competent jurisdiction or other legal restraint or
prohibition preventing the consummation of the Distribution or any of the transactions related thereto shall be in effect, and no other event outside the control of Parent shall have occurred or failed to occur that prevents the consummation of the
Distribution or any related transactions. 
 (vi) The shares of Arlo Common Stock to be distributed to the Parent
stockholders in the Distribution shall have been accepted for listing on NYSE, subject to official notice of distribution. 

(vii) No other events or developments shall exist or shall have occurred subsequent to the completion of the IPO that, in the
judgment of the Parent Board, in its sole and absolute discretion, makes it inadvisable to effect the Distribution. 
 (b) The foregoing
conditions are for the sole benefit of Parent and shall not give rise to or create any duty on the part of Parent or the Parent Board to waive or not waive any such condition or in any way limit Parent’s right to terminate this Agreement as set
forth in Article X or alter the consequences of any such termination from those specified in such Article. Any determination made by the Parent Board prior to the Distribution concerning the satisfaction or waiver of any or all of the
conditions set forth in Section 4.3(a) shall be conclusive and binding on the Parties. 
 4.4 The
Distribution. 
 (a) Subject to Section 4.3, on or prior to the Distribution Date, Arlo will deliver to the
Agent, for the benefit of the Record Holders, book-entry transfer authorizations for such number of the outstanding shares of Arlo Common Stock as is necessary to effect the Distribution, and shall cause the transfer agent for the shares of Parent
Common Stock to instruct the Agent to distribute at the Distribution Date the appropriate number of shares of Arlo Common Stock to each such holder or designated transferee or transferees of such holder by way of direct registration in book-entry
form. Arlo will not issue paper stock certificates in respect of the shares of Arlo Common Stock. The Distribution shall be effective at the Distribution Date. 

  
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 (b) Subject to Sections 4.3 and 4.4(c), each Record Holder will be entitled to
receive in the Distribution a number of whole shares of Arlo Common Stock equal to the number of shares of Parent Common Stock held by such Record Holder on the Record Date multiplied by the distribution ratio to be determined by the Parent Board,
rounded down to the nearest whole number. 
 (c) No fractional shares will be distributed or credited to book-entry accounts in connection
with the Distribution, and any such fractional share interests to which a Record Holder would otherwise be entitled shall not entitle such Record Holder to vote or to any other rights as a stockholder of Arlo. In lieu of any such fractional shares,
each Record Holder who, but for the provisions of this Section 4.4(c), would be entitled to receive a fractional share interest of an Arlo Share pursuant to the Distribution, shall be paid cash, without any interest
thereon, as hereinafter provided. As soon as practicable after the Distribution Date, Parent shall direct the Agent to determine the number of whole and fractional shares of Arlo Common Stock allocable to each Record Holder, to aggregate all such
fractional shares into whole shares, and to sell the whole shares obtained thereby in the open market at the then-prevailing prices on behalf of each Record Holder who otherwise would be entitled to receive fractional share interests (with the
Agent, in its sole and absolute discretion, determining when, how and through which broker-dealer and at what price to make such sales), and to cause to be distributed to each such Record Holder, in lieu of any fractional share, such Record
Holder’s or owner’s ratable share of the total proceeds of such sale, after deducting any Taxes required to be withheld and applicable transfer Taxes, and after deducting the costs and expenses of such sale and distribution, including
brokers fees and commissions. None of Parent, Arlo or the Agent will be required to guarantee any minimum sale price for the fractional shares of Arlo Common Stock sold in accordance with this Section 4.4(c). Neither Parent
nor Arlo will be required to pay any interest on the proceeds from the sale of fractional shares. Neither the Agent nor the broker-dealers through which the aggregated fractional shares are sold shall be Affiliates of Parent or Arlo. Solely for
purposes of computing fractional share interests pursuant to this Section 4.4(c) and Section 4.4(d), the beneficial owner of shares of Parent Common Stock held of record in the name of a nominee in
any nominee account shall be treated as the Record Holder with respect to such shares. 
 (d) Any shares of Arlo Common Stock or cash in lieu
of fractional shares with respect to shares of Arlo Common Stock that remain unclaimed by any Record Holder one hundred and eighty (180) days after the Distribution Date shall be delivered to Arlo, and Arlo or its transfer agent on its behalf
shall hold such shares of Arlo Common Stock and cash for the account of such Record Holder, and the Parties agree that all obligations to provide such shares of Arlo Common Stock and cash, if any, in lieu of fractional share interests shall be
obligations of Arlo, subject in each case to applicable escheat or other abandoned property Laws, and Parent shall have no Liability with respect thereto. 

(e) Until the shares of Arlo Common Stock are duly transferred in accordance with this Section 4.4 and applicable
Law, from and after the Distribution Date, Arlo will regard the Persons entitled to receive such shares of Arlo Common Stock in accordance with this Section 4.4 as record holders of shares of Arlo Common Stock in accordance
with the terms of the 

  
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Distribution without requiring any action on the part of such Persons. Arlo agrees that, subject to any transfers of such shares, from and after the Distribution Date, (i) each such holder
will be entitled to receive all dividends, if any, payable on, and exercise voting rights and all other rights and privileges with respect to, the shares of Arlo Common Stock then held by such holder, and (ii) each such holder will be entitled,
without any action on the part of such holder, to receive evidence of ownership of the shares of Arlo Common Stock then held by such holder. 

ARTICLE V 
 MUTUAL RELEASES;
INDEMNIFICATION 
 5.1 Release of Pre-Separation Claims. 

(a) Arlo Release of Parent. Except as provided in Section 5.1(c) and Section 5.1(e),
effective as of the Separation Time, Arlo does hereby, for itself and each other member of the Arlo Group, and their respective successors and assigns, and, to the extent permitted by Law, all Persons who at any time prior to the Separation Time
have been stockholders, directors, officers, agents or employees of any member of the Arlo Group (in each case, in their respective capacities as such), remise, release and forever discharge (i) Parent and the members of the Parent Group, and
their respective successors and assigns, (ii) all Persons who at any time prior to the Separation Time have been stockholders, directors, officers, agents or employees of any member of the Parent Group (in each case, in their respective
capacities as such), and their respective heirs, executors, administrators, successors and assigns, and (iii) all Persons who at any time prior to the Separation Time are or have been stockholders, directors, officers, agents or employees of a
Transferred Entity and who are not, as of immediately following the Separation Time, directors, officers or employees of Arlo or a member of the Arlo Group, in each case from: (A) all Arlo Liabilities, (B) all Liabilities arising from or
in connection with the transactions and all other activities to implement the Separation, the IPO and the Distribution (for the avoidance of doubt this clause (B) shall not limit or affect indemnification obligations of the Parties set forth in
this Agreement or any Ancillary Agreement) and (C) all Liabilities arising from or in connection with actions, inactions, events, omissions, conditions, facts or circumstances (including, for the avoidance of doubt, the presence of Hazardous
Materials on the Arlo Real Property) occurring or existing prior to the Separation Time (whether or not such Liabilities cease being contingent, mature, become known, are asserted or foreseen, or accrue, in each case before, at or after the
Separation Time), in each case to the extent relating to, arising out of or resulting from the Arlo Business, the Arlo Assets or the Arlo Liabilities. 

(b) Parent Release of Arlo. Except as provided in Section 5.1(c) and Section 5.1(e),
effective as of the Separation Time, Parent does hereby, for itself and each other member of the Parent Group and their respective successors and assigns, and, to the extent permitted by Law, all Persons who at any time prior to the Separation Time
have been stockholders, directors, officers, agents or employees of any member of the Parent Group (in each case, in their respective capacities as such), remise, release and forever discharge (i) Arlo and the members of the Arlo Group and
their respective successors and assigns, and (ii) all Persons who at any time prior to the Separation Time have been stockholders, directors, officers, agents or employees of any member of the Arlo Group (in each case, in their respective
capacities as such), and their respective heirs, executors, administrators, successors and assigns, from (A) all Parent Liabilities, (B) all Liabilities arising from or in connection with the transactions and all other

  
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activities to implement the Separation, the IPO and the Distribution (for the avoidance of doubt this clause (B) shall not limit or affect indemnification obligations of the Parties set
forth in this Agreement or any Ancillary Agreement) and (C) all Liabilities arising from or in connection with actions, inactions, events, omissions, conditions, facts or circumstances occurring or existing prior to the Separation Time (whether
or not such Liabilities cease being contingent, mature, become known, are asserted or foreseen, or accrue, in each case before, at or after the Separation Time), in each case to the extent relating to, arising out of or resulting from the Parent
Business, the Parent Assets or the Parent Liabilities. 
 (c) Acknowledgment of Unknown Losses or Claims. The Parties expressly
understand and acknowledge that it is possible that unknown losses or claims exist or might come to exist or that present losses may have been underestimated in amount, severity, or both. Accordingly, the Parties are deemed expressly to understand
provisions and principles of law such as Section 1542 of the Civil Code of the State of California (“Section 1542”) (as well as any and all provisions, rights and benefits conferred by any law of any state or
territory of the United States, or principle of common law, which is similar or comparable to Section 1542), which provides: GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT
THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR. The Parties are hereby deemed to agree that the provisions of Section 1542 and all similar federal or state
laws, rights, rules, or legal principles of California or any other jurisdiction that may be applicable herein, are hereby knowingly and voluntarily waived and relinquished with respect to the releases in Section 5.1(a) and
Section 5.1(b). 
 (d) Obligations Not Affected. Nothing contained in
Section 5.1(a) or 5.1(b) shall impair any right of any Person to enforce this Agreement, any Ancillary Agreement or any agreements, arrangements, commitments or understandings that are specified in
Section 2.8(b) or the applicable Schedules thereto as not to terminate as of the Separation Time, in each case in accordance with its terms. Nothing contained in Section 5.1(a) or 5.1(b)
shall release any Person from: 
 (i) any Liability provided in or resulting from any agreement among any members of the
Parent Group or any members of the Arlo Group that is specified in Section 2.8(b) or the applicable Schedules thereto as not to terminate as of the Separation Time, or any other Liability specified in
Section 2.8(b) as not to terminate as of the Separation Time; 
 (ii) any Liability, contingent or
otherwise, assumed, transferred, assigned or allocated to the Group of which such Person is a member in accordance with, or any other Liability of any member of any Group, including with respect to indemnification or contribution, under, this
Agreement or any Ancillary Agreement; 
 (iii) any Liability for the sale, lease, construction or receipt of goods, property
or services purchased, obtained or used in the ordinary course of business by a member of one Group from a member of the other Group prior to the Separation Time; 

  
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 (iv) any Liability for unpaid amounts for products or services or refunds
owing on products or services due on a value received basis for work done by a member of one Group at the request or on behalf of a member of the other Group; 

(v) any Liability provided in or resulting from any Contract or understanding that is entered into after the Separation Time
between any Party (and/or a member of such Party’s Group), on the one hand, and any other Party (and/or a member of the other Party’s Group), on the other hand; 

(vi) any Liability provided in or resulting from any agreement between any Person, who after the Separation Time is an employee
of the Arlo Group, on the one hand, and any member of the Parent Group, on the other hand, including any Liability resulting from any obligation of any such Person in respect of confidentiality,
non-competition, non-disparagement or assignment of rights; 

(vii) any Liability provided in or resulting from any agreement between any Person, who after the Separation Time is an
employee of the Parent Group, on the one hand, and any member of the Arlo Group, on the other hand, including any Liability resulting from any obligation of any such Person in respect of confidentiality,
non-competition, non-disparagement or assignment of rights; 

(viii) any Liability that the Parties may have with respect to any indemnification or contribution or other obligation pursuant
to this Agreement, any Ancillary Agreement or otherwise for claims brought against the Parties by third Persons, which Liability shall be governed by the provisions of this Article V and Article VI and, if applicable, the appropriate
provisions of the Ancillary Agreements; or 
 (ix) any Liability the release of which would result in the release of any
Person other than a Person expressly contemplated to be released pursuant to this Section 5.1. 
 In addition, nothing contained
in Section 5.1(a) shall release any member of the Parent Group from honoring its existing obligations to indemnify any director, officer or employee of Arlo who was a director, officer or employee of any member of the
Parent Group at or prior to the Separation Time, to the extent such director, officer or employee becomes a named defendant in any Action with respect to which such director, officer or employee was entitled to such indemnification pursuant to such
existing obligations; it being understood that, if the underlying obligation giving rise to such Action is an Arlo Liability, Arlo shall indemnify Parent for such Liability (including Parent’s costs to indemnify the director, officer or
employee) in accordance with the provisions set forth in this Article V. 
 (e) No Claims. Arlo shall not make, and shall not
permit any other member of the Arlo Group to make, any claim or demand, or commence any Action asserting any claim or demand, including any claim of contribution or any indemnification, against Parent or any other member of the Parent Group, or any
other Person released pursuant to Section 5.1(a), with respect to any Liabilities released pursuant to Section 5.1(a). Parent shall not make, and shall not permit any other member of the Parent
Group to make, any claim or demand, or commence any 

  
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Action asserting any claim or demand, including any claim of contribution or any indemnification, against Arlo or any other member of the Arlo Group, or any other Person released pursuant to
Section 5.1(b), with respect to any Liabilities released pursuant to Section 5.1(b). 

(f) Execution of Further Releases. At any time at or after the Separation Time, at the request of either Party, the other Party shall
cause each member of its respective Group to execute and deliver releases reflecting the provisions of this Section 5.1. 

5.2 Indemnification by Arlo. Except as otherwise specifically set forth in this Agreement or in any Ancillary Agreement, to the
fullest extent permitted by Law, Arlo shall, and shall cause the other members of the Arlo Group to, indemnify, defend and hold harmless Parent, each member of the Parent Group and each of their respective past, present and future directors,
officers, employees and agents, in each case in their respective capacities as such, and each of the heirs, executors, successors and assigns of any of the foregoing (collectively, the “Parent Indemnitees”), from and against any and
all Liabilities of the Parent Indemnitees relating to, arising out of or resulting from, directly or indirectly, any of the following items (without duplication): 

(a) any Arlo Liability; 
 (b) any
failure of Arlo, any other member of the Arlo Group or any other Person to pay, perform or otherwise promptly discharge any Arlo Liabilities in accordance with their terms, whether prior to, on or after the Separation Time; 

(c) any breach by Arlo or any other member of the Arlo Group of this Agreement or any of the Ancillary Agreements (other than the License
Agreement, which indemnification obligations of the Parties are specified thereunder); 
 (d) except to the extent it relates to a Parent
Liability, any guarantee, indemnification or contribution obligation, surety bond or other credit support agreement, arrangement, commitment or understanding for the benefit of any member of the Arlo Group by any member of the Parent Group that
survives following the Separation; and 
 (e) any untrue statement or alleged untrue statement of a material fact or omission or alleged
omission to state a material fact required to be stated therein or necessary to make the statements therein not misleading, with respect to all information (i) contained in the IPO Registration Statement or any Prospectus (including in any
amendments or supplements thereto) (other than information provided by Parent to Arlo specifically for inclusion in the IPO Registration Statement or any Prospectus), (ii) contained in any public filings made by Arlo with the SEC following the date
of the IPO, or (iii) provided by Arlo to Parent specifically for inclusion in Parent’s annual or quarterly or current reports following the date of the IPO to the extent (A) such information pertains to (x) a member of the Arlo
Group or (y) the Arlo Business or (B) Parent has provided prior written notice to Arlo that such information will be included in one or more annual or quarterly or current reports, specifying how such information will be presented, and the
information is included in such annual or quarterly or current reports; provided, that this subclause (B) shall not apply to the extent that any such Liability arises out of or results from, or in connection with, any action or inaction
of any member of the Parent Group, including as a result of any misstatement or omission of any information by any member of the Parent Group to Arlo. 

  
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 5.3 Indemnification by Parent. Except as otherwise specifically set forth in
this Agreement or in any Ancillary Agreement, to the fullest extent permitted by Law, Parent shall, and shall cause the other members of the Parent Group to, indemnify, defend and hold harmless Arlo, each member of the Arlo Group and each of their
respective past, present and future directors, officers, employees or agents, in each case in their respective capacities as such, and each of the heirs, executors, successors and assigns of any of the foregoing (collectively, the “Arlo
Indemnitees”), from and against any and all Liabilities of the Arlo Indemnitees relating to, arising out of or resulting from, directly or indirectly, any of the following items (without duplication): 

(a) any Parent Liability; 
 (b)
any failure of Parent, any other member of the Parent Group or any other Person to pay, perform or otherwise promptly discharge any Parent Liabilities in accordance with their terms, whether prior to, on or after the Separation Time; 

(c) any breach by Parent or any other member of the Parent Group of this Agreement or any of the Ancillary Agreements (other than the License
Agreement, which indemnification obligations of the Parties are specified thereunder); 
 (d) except to the extent it relates to an Arlo
Liability, any guarantee, indemnification or contribution obligation, surety bond or other credit support agreement, arrangement, commitment or understanding for the benefit of any member of the Parent Group by any member of the Arlo Group that
survives following the Separation; and 
 (e) any untrue statement or alleged untrue statement of a material fact or omission or alleged
omission to state a material fact required to be stated therein or necessary to make the statements therein not misleading, with respect to all information (i) contained in the IPO Registration Statement or any Prospectus (including in any
amendments or supplements thereto) provided by Parent specifically for inclusion therein to the extent such information pertains to (x) any member of the Parent Group or (y) the Parent Business or (ii) provided by Parent to Arlo
specifically for inclusion in Arlo’s annual or quarterly or current reports following the date of the IPO to the extent (A) such information pertains to (x) a member of the Parent Group or (y) the Parent Business or (B) Arlo
has provided written notice to Parent that such information will be included in one or more annual or quarterly or current reports, specifying how such information will be presented, and the information is included in such annual or quarterly or
current reports; provided, that this subclause (B) shall not apply to the extent that any such Liability arises out of or results from, or in connection with, any action or inaction of any member of the Arlo Group, including as a result
of any misstatement or omission of any information by any member of the Arlo Group to Parent. 

  
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 5.4 Indemnification Obligations Net of Insurance Proceeds and Other Amounts. 

(a) The Parties intend that any Liability subject to indemnification, contribution or reimbursement pursuant to this Article V or
Article VI will be net of Insurance Proceeds or other amounts actually recovered (net of any out-of-pocket costs or expenses incurred in the collection thereof)
from any Person by or on behalf of the Indemnitee in respect of any indemnifiable Liability. Accordingly, the amount which either Party (an “Indemnifying Party”) is required to pay to any Person entitled to indemnification or
contribution hereunder (an “Indemnitee”) will be reduced by any Insurance Proceeds or other amounts actually recovered (net of any out-of-pocket costs
or expenses incurred in the collection thereof) from any Person by or on behalf of the Indemnitee in respect of the related Liability. If an Indemnitee receives a payment (an “Indemnity Payment”) required by this Agreement from an
Indemnifying Party in respect of any Liability and subsequently receives Insurance Proceeds or any other amounts in respect of such Liability, then within ten (10) calendar days of receipt of such Insurance Proceeds, the Indemnitee will pay to
the Indemnifying Party an amount equal to the excess of the Indemnity Payment received over the amount of the Indemnity Payment that would have been due if the Insurance Proceeds or such other amounts (net of any out-of-pocket costs or expenses incurred in the collection thereof) had been received, realized or recovered before the Indemnity Payment was made. 

(b) The Parties agree that it is their intent that an insurer that would otherwise be obligated to pay any claim shall not be relieved of the
responsibility with respect thereto or, solely by virtue of any provision contained in this Agreement or any Ancillary Agreement, have any subrogation rights with respect thereto, it being understood that no insurer or any other Third Party shall be
entitled to a “windfall” (i.e., a benefit they would not be entitled to receive in the absence of the indemnification provisions) by virtue of the indemnification and contribution provisions hereof. Each Party shall, and shall cause
the members of its Group to, use commercially reasonable efforts (taking into account the probability of success on the merits and the cost of expending such efforts, including attorneys’ fees and expenses) to collect or recover any Insurance
Proceeds that may be collectible or recoverable respecting the Liabilities for which indemnification or contribution may be available under this Article V. Notwithstanding the foregoing, an Indemnifying Party may not delay making any
indemnification payment required under the terms of this Agreement, or otherwise satisfying any indemnification obligation, pending the outcome of any Action to collect or recover Insurance Proceeds, and an Indemnitee need not attempt to collect any
Insurance Proceeds prior to making a claim for indemnification or contribution or receiving any Indemnity Payment otherwise owed to it under this Agreement or any Ancillary Agreement. 

5.5 Procedures for Indemnification of Third-Party Claims. 

(a) Notice of Claims. If, at or following the Separation Time, an Indemnitee shall receive notice or otherwise learn of the assertion by
a Person (including any Governmental Authority) who is not a member of the Parent Group or the Arlo Group of any claim or of the commencement by any such Person of any Action (collectively, a “Third-Party Claim”) with respect to
which an Indemnifying Party may be obligated to provide indemnification to such Indemnitee pursuant to Section 5.2 or 5.3, or any other Section of this Agreement or any

  
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Ancillary Agreement, such Indemnitee shall give such Indemnifying Party written notice thereof as soon as practicable, but in any event within fourteen (14) days (or sooner if the nature of
the Third-Party Claim so requires) after becoming aware of such Third-Party Claim. Any such notice shall describe the Third-Party Claim in reasonable detail, including the facts and circumstances giving rise to such claim for indemnification, and
include copies of all notices and documents (including court papers) received by the Indemnitee relating to the Third-Party Claim. Notwithstanding the foregoing, the failure of an Indemnitee to provide notice in accordance with this
Section 5.5(a) shall not relieve an Indemnifying Party of its indemnification obligations under this Agreement, except to the extent to which the Indemnifying Party is actually prejudiced by the Indemnitee’s failure to
provide notice in accordance with this Section 5.5(a). 
 (b) Control of Defense. Subject to any
insurer’s rights pursuant to any Policies of either Party, an Indemnifying Party may elect to defend (and seek to settle or compromise), at its own expense and with its own counsel, any Third-Party Claim; provided, that, prior to the
Indemnifying Party assuming and controlling defense of such Third-Party Claim, it shall first confirm to the Indemnitee in writing that, assuming the facts presented to the Indemnifying Party by the Indemnitee being true, the Indemnifying Party
shall indemnify the Indemnitee for any such damages to the extent resulting from, or arising out of, such Third-Party Claim. Notwithstanding the foregoing, if the Indemnifying Party assumes such defense and, in the course of defending such
Third-Party Claim, (i) the Indemnifying Party discovers that the facts presented at the time the Indemnifying Party acknowledged its indemnification obligation in respect of such Third-Party Claim were not true in all material respects and
(ii) such untruth provides a reasonable basis for asserting that the Indemnifying Party does not have an indemnification obligation in respect of such Third-Party Claim, then (A) the Indemnifying Party shall not be bound by such
acknowledgment, (B) the Indemnifying Party shall promptly thereafter provide the Indemnitee written notice of its assertion that it does not have an indemnification obligation in respect of such Third-Party Claim and (C) the Indemnitee
shall have the right to assume the defense of such Third-Party Claim. Within thirty (30) days after the receipt of a notice from an Indemnitee in accordance with Section 5.5(a) (or sooner, if the nature of the
Third-Party Claim so requires), the Indemnifying Party shall provide written notice to the Indemnitee indicating whether the Indemnifying Party shall assume responsibility for defending the Third-Party Claim and specifying any reservations or
exceptions to its defense. If an Indemnifying Party elects not to assume responsibility for defending any Third-Party Claim as provided in this Section 5.5(b) or fails to notify an Indemnitee of its election within thirty
(30) days after receipt of the notice from an Indemnitee as provided in Section 5.5(a), then the Indemnitee that is the subject of such Third-Party Claim shall be entitled to continue to conduct and control the defense
of such Third-Party Claim. Notwithstanding anything herein to the contrary, to the extent a Third-Party Claim involves or would reasonably be expected to involve both an Arlo Liability and Parent Liability (collectively, a “Shared
Third-Party Claim”), Parent shall have the sole right to defend and control such portion of any Action relating to such Third-Party Claim to the extent it relates to a Parent Liability, and Arlo shall have the sole right to defend and
control such portion of any Action relating to such Third-Party Claim to the extent it relates to an Arlo Liability. For the avoidance of doubt, “Shared Third-Party Claim” shall include those matters set forth on Schedule 5.5(b).

  
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 (c) Allocation of Defense Costs. If an Indemnifying Party has elected to assume the
defense of a Third-Party Claim, whether with or without any reservations or exceptions with respect to such defense, then such Indemnifying Party shall be solely liable for all fees and expenses incurred by it in connection with the defense of such
Third-Party Claim and shall not be entitled to seek any indemnification or reimbursement from the Indemnitee for any such fees or expenses incurred by the Indemnifying Party during the course of the defense of such Third-Party Claim by such
Indemnifying Party, regardless of any subsequent decision by the Indemnifying Party to reject or otherwise abandon its assumption of such defense. If an Indemnifying Party elects not to assume responsibility for defending any Third-Party Claim or
fails to notify an Indemnitee of its election within thirty (30) days after receipt of a notice from an Indemnitee as provided in Section 5.5(a), and the Indemnitee conducts and controls the defense of such Third-Party
Claim and the Indemnifying Party has an indemnification obligation with respect to such Third-Party Claim, then the Indemnifying Party shall be liable for all reasonable fees and expenses incurred by the Indemnitee in connection with the defense of
such Third-Party Claim. In the event of a Shared Third-Party Claim, each Party shall be liable for the portion of the fees and expenses incurred by such Party in connection with the defense of such Shared Third-Party Claim that is equal to the
relative portion of such Party’s Liability in respect of such Shared Third-Party Claim, and shall be entitled to seek any indemnification or reimbursement from the other Party for any fees or expenses incurred by such Party during the course of
the defense of such Shared Third-Party Claim in excess of such fees and expenses that are the responsibility of such Party pursuant to this Agreement. 

(d) Right to Monitor and Participate. An Indemnitee that does not conduct and control the defense of any Third-Party Claim, an
Indemnifying Party that has failed to elect to defend any Third-Party Claim as contemplated hereby and either Party in the case of a Shared Third-Party Claim, nevertheless shall have the right to employ separate counsel (including local counsel as
necessary) of its own choosing to monitor and participate in (but not control) the defense of any Third-Party Claim for which it is a potential Indemnitee or Indemnifying Party, but the fees and expenses of such counsel shall be at the expense of
such Indemnitee or Indemnifying Party, as the case may be, and the provisions of Section 5.5(c) shall not apply to such fees and expenses. Notwithstanding the foregoing, but subject to Sections 7.7 and 7.8,
such Party shall cooperate with the Party entitled to conduct and control the defense of such Third-Party Claim in such defense and make available to the controlling Party, at the non-controlling Party’s
expense, all witnesses, information and materials in such Party’s possession or under such Party’s control relating thereto as are reasonably required by the controlling Party. In addition to the foregoing, if any Indemnitee shall in good
faith determine that such Indemnitee and the Indemnifying Party have actual or potential differing defenses or conflicts of interest between them that make joint representation inappropriate, then the Indemnitee shall have the right to employ
separate counsel (including local counsel as necessary) and to participate in (but not control) the defense, compromise, or settlement thereof, and in such case the Indemnifying Party shall bear the reasonable fees and expenses of such counsel for
all Indemnitees. 
 (e) No Settlement. Neither Party may settle or compromise any Third-Party Claim for which either Party is seeking
to be indemnified hereunder without the prior written consent of the other Party, which consent may not be unreasonably withheld, unless such settlement or compromise is solely for monetary damages that are fully payable by the settling or
compromising Party, does not involve any admission, finding or determination of wrongdoing or violation of Law by the other Party or another member of its Group or the Indemnitee and provides for a full, unconditional and irrevocable release of the
other Party and the other 

  
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members of its Group and the Indemnitee(s) from all Liability in connection with the Third-Party Claim. The Parties hereby agree that if a Party presents the other Party with a written notice
containing a proposal to settle or compromise a Third-Party Claim for which either Party is seeking to be indemnified hereunder and the Party receiving such proposal does not respond in any manner to the Party presenting such proposal within thirty
(30) days (or within any such shorter time period that may be required by applicable Law or court order) of receipt of such proposal, then the Party receiving such proposal shall be deemed to have consented to the terms of such proposal. 

(f) Tax Matters Agreement Coordination. The provisions of Section 5.2 through
Section 5.10 hereof do not apply with respect to Taxes or Tax matters (it being understood and agreed that claims with respect to Taxes and Tax matters, including the control of
Tax-related proceedings, shall be governed by the Tax Matters Agreement). In the case of any conflict between this Agreement and the Tax Matters Agreement in relation to any matters addressed by the Tax
Matters Agreement, the Tax Matters Agreement shall prevail. 
 5.6 Additional Matters. 

(a) Timing of Payments. Indemnification or contribution payments in respect of any Liabilities for which an Indemnitee is entitled to
indemnification or contribution under this Article V shall be paid reasonably promptly (but in any event within forty-five (45) days of the final determination of the amount that the Indemnitee is entitled to indemnification or
contribution under this Article V) by the Indemnifying Party to the Indemnitee as such Liabilities are incurred upon demand by the Indemnitee, including reasonably satisfactory documentation setting forth the basis for the amount of such
indemnification or contribution payment, including documentation with respect to calculations made and consideration of any Insurance Proceeds that actually reduce the amount of such Liabilities. The indemnity and contribution provisions contained
in this Article V shall remain operative and in full force and effect, regardless of (i) any investigation made by or on behalf of any Indemnitee, and (ii) the knowledge by the Indemnitee of Liabilities for which it might be
entitled to indemnification hereunder. 
 (b) Notice of Direct Claims. Any claim for indemnification or contribution under this
Agreement or any Ancillary Agreement that does not result from a Third-Party Claim shall be asserted by written notice given by the Indemnitee to the applicable Indemnifying Party; provided, that the failure by an Indemnitee to so assert any
such claim shall not prejudice the ability of the Indemnitee to do so at a later time except to the extent (if any) that the Indemnifying Party is prejudiced thereby. Such Indemnifying Party shall have a period of thirty (30) days after the
receipt of such notice within which to respond thereto. If such Indemnifying Party does not respond within such thirty (30)-day period, such specified claim shall be conclusively deemed a Liability of the
Indemnifying Party under this Section 5.6(b) or, in the case of any written notice in which the amount of the claim (or any portion thereof) is estimated, on such later date when the amount of the claim (or such portion
thereof) becomes finally determined. If such Indemnifying Party does not respond within such thirty (30)-day period or rejects such claim in whole or in part, such Indemnitee shall, subject to the provisions
of Article VIII, be free to pursue such remedies as may be available to such party as contemplated by this Agreement and the Ancillary Agreements, as applicable, without prejudice to its continuing rights to pursue indemnification or
contribution hereunder. 

  
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 (c) Pursuit of Claims Against Third Parties. If (i) a Party incurs any Liability
arising out of this Agreement or any Ancillary Agreement; (ii) an adequate legal or equitable remedy is not available for any reason against the other Party to satisfy the Liability incurred by the incurring Party; and (iii) a legal or
equitable remedy may be available to the other Party against a Third Party for such Liability, then the other Party shall use its commercially reasonable efforts to cooperate with the incurring Party, at the incurring Party’s expense, to permit
the incurring Party to obtain the benefits of such legal or equitable remedy against the Third Party. 
 (d) Subrogation. In the event
of payment by or on behalf of any Indemnifying Party to any Indemnitee in connection with any Third-Party Claim, such Indemnifying Party shall be subrogated to and shall stand in the place of such Indemnitee as to any events or circumstances in
respect of which such Indemnitee may have any right, defense or claim relating to such Third-Party Claim against any claimant or plaintiff asserting such Third-Party Claim or against any other Person. Such Indemnitee shall cooperate with such
Indemnifying Party in a reasonable manner, and at the cost and expense of such Indemnifying Party, in prosecuting any subrogated right, defense or claim. 

5.7 Right of Contribution. 

(a) Contribution. If any right of indemnification contained in Section 5.2 or
Section 5.3 is held unenforceable or is unavailable for any reason, or is insufficient to hold harmless an Indemnitee in respect of any Liability for which such Indemnitee is entitled to indemnification hereunder, then the
Indemnifying Party shall contribute to the amounts paid or payable by the Indemnitees as a result of such Liability (or actions in respect thereof) in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and the
members of its Group, on the one hand, and the Indemnitees entitled to contribution, on the other hand, as well as any other relevant equitable considerations. 

(b) Allocation of Relative Fault. Solely for purposes of determining relative fault pursuant to this
Section 5.7: (i) any fault associated with the business conducted with the Delayed Arlo Assets or Delayed Arlo Liabilities (except for the gross negligence or intentional misconduct of a member of the Parent Group) or with
the ownership, operation or activities of the Arlo Business prior to the Separation Time shall be deemed to be the fault of Arlo and the other members of the Arlo Group, and no such fault shall be deemed to be the fault of Parent or any other member
of the Parent Group; (ii) any fault associated with the business conducted with Delayed Parent Assets or Delayed Parent Liabilities (except for the gross negligence or intentional misconduct of a member of the Arlo Group) shall be deemed to be
the fault of Parent and the other members of the Parent Group, and no such fault shall be deemed to be the fault of Arlo or any other member of the Arlo Group; and (iii) any fault associated with the ownership, operation or activities of the
Parent Business prior to the Separation Time shall be deemed to be the fault of Parent and the other members of the Parent Group, and no such fault shall be deemed to be the fault of Arlo or any other member of the Arlo Group. 

  
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 5.8 Covenant Not to Sue. Each Party hereby covenants and agrees that none of it, the
members of such Party’s Group or any Person claiming through it shall bring suit or otherwise assert any claim against any Indemnitee, or assert a defense against any claim asserted by any Indemnitee, before any court, arbitrator, mediator or
administrative agency anywhere in the world, alleging that: (a) the assumption of any Arlo Liabilities by Arlo or a member of the Arlo Group on the terms and conditions set forth in this Agreement and the Ancillary Agreements is void or
unenforceable for any reason; (b) the retention of any Parent Liabilities by Parent or a member of the Parent Group on the terms and conditions set forth in this Agreement and the Ancillary Agreements is void or unenforceable for any reason; or
(c) the provisions of this Article V are void or unenforceable for any reason. 
 5.9 Remedies Cumulative. The remedies
provided in this Article V shall be cumulative and, subject to the provisions of Article VIII, shall not preclude assertion by any Indemnitee of any other rights or the seeking of any and all other remedies against any Indemnifying
Party. 
 5.10 Survival of Indemnities. The rights and obligations of each of Parent and Arlo and their respective Indemnitees under
this Article V shall survive (a) the sale or other transfer by either Party or any member of its Group of any Assets or businesses or the assignment by it of any Liabilities; or (b) any merger, consolidation, business combination,
sale of all or substantially all of its Assets, restructuring, recapitalization, reorganization or similar transaction involving either Party or any of the members of its Group. 

ARTICLE VI 
 CERTAIN OTHER MATTERS

 6.1 Arlo Financial Covenants. Arlo agrees that, for so long as Parent is required to consolidate the results of operations and
financial position of Arlo and any other members of the Arlo Group or to account for its investment in Arlo or any other member of the Arlo Group under the equity method of accounting (determined in accordance with GAAP consistently applied and
consistent with SEC reporting requirements): 
 (a) Disclosure of Financial Controls. Arlo will, and will cause each other member of
the Arlo Group to, maintain, as of and after the IPO Closing Date, disclosure controls and procedures and internal control over financial reporting as defined in Exchange Act Rule 13a-15 promulgated under the
Exchange Act. Arlo will, and will cause each other member of the Arlo Group to, maintain, as of and after the IPO Closing Date, internal systems and procedures that will provide reasonable assurance that (A) Arlo’s annual and quarterly
financial statements are reliable and timely prepared in accordance with GAAP and applicable Law, (B) all transactions of members of the Arlo Group are recorded as necessary to permit the preparation of Arlo’s annual and quarterly
financial statements, (C) the receipts and expenditures of members of the Arlo Group are authorized at the appropriate level within Arlo, and (D) unauthorized use or disposition of the assets of any member of the Arlo Group that could have
a material effect on Arlo’s annual and quarterly financial statements is prevented or detected in a timely manner. 
 (b) Fiscal
Year. Arlo will, and will cause each member of the Arlo Group organized in the United States to, maintain a fiscal year that commences and ends on the same calendar days as Parent’s fiscal year commences and ends, and to maintain monthly
accounting periods that commence and end on the same calendar days as Parent’s monthly accounting periods commence and end. 

  
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 (c) Monthly Financial Reports. No later than eight (8) Business Days after the
end of each month (including the last month of Parent’s fiscal year), unless otherwise agreed in writing by the Parties, Arlo will deliver to Parent a preliminary consolidated income statement and preliminary consolidated balance sheet and, if
requested by Parent, income statements and balance sheets for each Affiliate of Arlo which is consolidated with Arlo, for such period. Arlo will also deliver to Parent a preliminary consolidated statement of cash flows for Arlo for such period and,
if requested, statements of cash flow for each Affiliate of Arlo which is consolidated with Arlo, no later than ten (10) Business Days after the end of each monthly accounting period of Arlo (including the last monthly accounting period of Arlo
of each fiscal year). The income statements, balance sheets and statements of cash flows will be in a such format and detail as Parent may request, and the information supporting such statements shall be submitted electronically for inclusion in
Parent’s financial reporting systems by such date to permit timely preparation of Parent’s consolidated financial statements. In addition, if Arlo makes adjustments or other corrections to such financial information, adjustments or other
corrections will be delivered by Arlo to Parent as soon as practicable, and in any event within eight (8) hours thereafter. 
 (d)
Quarterly and Annual Financial Statements. Arlo shall establish a disclosure committee (the “Disclosure Committee”) for the purposes of review and approval of Arlo’s Forms 10-Q and
Forms 10-K and other significant filings with the SEC prior to the filing of such documents. Parent will have sole discretion to select up to three (3) of its employees to participate in all meetings of
such committee for the purpose of reviewing the consistency of such documents with similar documents or other disclosures of Parent. Distribution of documents by Arlo for review by Parent should be made at the time such documents are distributed to
the Arlo participants and should provide a reasonable period for review prior to the applicable meeting. The management of Arlo shall be solely liable for the completeness and accuracy of any such filings, including any financial statements included
therein. Arlo will cause each of its principal executive and principal financial officers to sign and deliver to Parent the certifications required by Sections 302 and 906 of the Sarbanes-Oxley Act of 2002 and will include the certifications in
Arlo’s periodic reports, as and when required pursuant to Exchange Act Rule 13a-14 and Item 601 of Regulation S-K. 

(e) Budgets and Financial Projections. Arlo will, as promptly as practicable, deliver to Parent copies of all annual budgets and
periodic financial projections (consistent in terms of format and detail and otherwise required by Parent) relating to Arlo on a consolidated basis and will provide Parent an opportunity to meet with management of Arlo to discuss such budgets and
projections. Arlo will continue to provide to Parent projections on a monthly basis consistent with past practices, including income, cash flow and operating indicators, as well as capital expenditure detail on a quarterly basis. Such projections
will be submitted electronically for inclusion in Parent’s management reporting systems. 
 (f) Conformance with Parent Financial
Presentation. All information provided by any member of the Arlo Group to Parent or filed with the SEC pursuant to Section 6.1(c) through (e) will be consistent in terms of format and detail and otherwise
with Parent’s 

  
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 policies with respect to the application of GAAP and practices in effect on the IPO Closing Date with
respect to the provision of such financial information by such member of the Arlo Group to Parent, with such changes therein as may be required by GAAP or requested by Parent from time to time consistent with changes in such accounting principles
and practices. 
 (g) Other Information. With reasonable promptness, Arlo will deliver to Parent such additional financial and other
information and data with respect to the Arlo Group and its business, properties, financial positions, results of operations and prospects as may be reasonably requested by Parent from time to time. 

(h) Press Releases and Similar Information. Arlo will consult with Parent as to the timing of Arlo’s quarterly earnings releases
and any interim financial guidance for a current or future period and will give Parent the opportunity to review the information therein relating to the Arlo Group and to comment thereon. Parent and Arlo will make reasonable efforts to coordinate
the issuance of their respective quarterly earnings releases. No later than five (5) days prior to the time and date that Arlo intends to publish its regular quarterly earnings release or any financial guidance for a current or future period,
Arlo will deliver to Parent copies of drafts of (i) all press releases, (ii) investor presentations and (iii) other statements to be made available by any member of the Arlo Group to its employees or to the public, in each case,
concerning any matters that could be reasonably likely to have a material financial impact on the earnings, results of operations, financial condition or prospects of any member of the Arlo Group. No later than four (4) hours prior to the time
and date that Arlo intends to publish its regular quarterly earnings release or any financial guidance for a current or future period, Arlo will deliver to Parent copies of substantially final drafts of all such materials. In addition, prior to the
issuance of any such press release, investor presentation or public statement that meets the criteria set forth in the preceding two sentences, Arlo will consult with Parent regarding any changes (other than typographical or other similar minor
changes) to such substantially final drafts. Immediately following the issuance thereof, Arlo will deliver to Parent copies of final drafts of all press releases, investor presentations and such other public statements. 

(i) Cooperation on Parent Filings. Arlo will cooperate fully, and cause Arlo’s independent certified public accountants (the
“Arlo Auditors”) to cooperate fully, with Parent to the extent requested by Parent in the preparation of Parent’s public earnings or other press releases, Quarterly Reports on Form 10-Q,
Annual Reports to Stockholders, Annual Reports on Form 10-K, any Current Reports on Form 8-K and any other proxy, information and registration statements, reports,
notices, prospectuses and any other filings made by Parent with the SEC, any national securities exchange or otherwise made publicly available (collectively, the “Parent Public Filings”). Arlo is responsible for the preparation of
its financial statements in accordance with Parent’s policies with respect to the application of GAAP and shall indemnify Parent for any Liabilities it shall incur with respect to the inaccuracy of such statements. As long as Parent is required
to consolidate the results of operations and financial position of Arlo in its financial statements, Arlo will continue to prepare the quarterly and annual financial reporting analysis and provide support for financial statement footnotes and other
information included in the Parent Public Filings. Such information and the timing thereof will be consistent with the Parent financial statement processes in place prior to the Separation Time. Arlo also agrees to provide to Parent all other
information that Parent reasonably requests in connection with any Parent Public Filings or that, in the judgment of Parent’s legal department, is required to be 

  
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 disclosed or incorporated by reference therein under any Law. Arlo will provide such information in a timely
manner on the dates requested by Parent (which may be earlier than the dates on which Arlo otherwise would be required hereunder to have such information available) to enable Parent to prepare, print and release all Parent Public Filings on such
dates as Parent will determine, but in no event later than as required by applicable Law. Arlo will use its commercially reasonable efforts to cause the Arlo Auditors to consent to any reference to them as experts in any Parent Public Filings
required under any Law. If and to the extent requested by Parent, Arlo will diligently and promptly review all drafts of such Parent Public Filings and prepare in a diligent and timely fashion any portion of such Parent Public Filing pertaining to
Arlo. Arlo management’s responsibility for reviewing such disclosures shall include a determination that such disclosures are complete and accurate and consistent with other public filings or other disclosures which have been made by Arlo.
Prior to any printing or public release of any Parent Public Filing, an appropriate executive officer of Arlo will, if requested by Parent, certify that the information relating to any member of the Arlo Group in such Parent Public Filing is
accurate, true, complete and correct in all material respects. Unless required by applicable Law, Arlo will not publicly release any financial or other information which conflicts with the information with respect to any member of the Arlo Group
that is included in any Parent Public Filing without Parent’s prior written consent. Prior to the release or filing thereof, Parent will provide Arlo with a draft of any portion of a Parent Public Filing containing information relating to the
Arlo Group and will give Arlo an opportunity to review such information and comment thereon; provided, that Parent will determine in its sole discretion the final form and content of all Parent Public Filings. 

(j) For the avoidance of doubt, Arlo’s requirements under this Section 6.1 will continue until the reporting for
all financial statement periods during which Parent was required to consolidate the results of operations and financial position of Arlo and any other members of the Arlo Group or to account for its investment in Arlo or any other member of the Arlo
Group under the equity method of accounting (determined in accordance with GAAP consistently applied and consistent with SEC reporting requirements) has been completed. For example, if Arlo ceases to be a consolidated subsidiary or equity method
affiliate of Parent on September 30, Arlo’s obligations with regard to information required for Parent’s Form 10-K for the year ended December 31 will remain in effect until such Form 10-K has been filed. 
 6.2 Auditors and Audits; Annual Financial Statements and Accounting. Arlo
agrees that, for so long as Parent is required to consolidate the results of operations and financial position of Arlo and any other members of the Arlo Group or to account for its investment in Arlo or any other member of the Arlo Group under the
equity method of accounting (determined in accordance with GAAP consistently applied and consistent with SEC reporting requirements): 
 (a)
Auditor. No member of the Arlo Group shall change its independent auditors without Parent’s prior written consent (which should not be unreasonably withheld, conditioned or delayed). 

(b) Audit Timing. Arlo shall use its reasonable best efforts to enable Parent to meet its timetable for the printing, filing and public
dissemination of Parent’s audited annual financial statements (the “Parent Annual Statements”), all in accordance with Section 6.1 hereof and as required by applicable Law. 

  
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 (c) Information Needed by Parent. Arlo shall provide to Parent on a timely basis all
information that Parent reasonably requires to meet its schedule for the preparation, printing, filing, and public dissemination of the Parent Annual Statements in accordance with Section 6.1 hereof and as required by
applicable Law. Without limiting the generality of the foregoing, Arlo will provide all required financial information with respect to the Arlo Group to the Arlo Auditors in a sufficient and reasonable time and in sufficient detail to permit the
Arlo Auditors to take all steps and perform all reviews necessary to provide sufficient assistance to the independent auditors of Parent (“Parent Auditors”) with respect to information to be included or contained in the Parent
Annual Statements. 
 (d) Access to the Arlo Auditors. Arlo shall authorize the Arlo Auditors to make available to the Parent Auditors
both the personnel who performed, or are performing, the annual audit of Arlo and work papers related to the annual audit of Arlo, in all cases within a reasonable time prior to the Arlo Auditors’ opinion date, so that the Parent Auditors are
able to perform the procedures they consider necessary to take responsibility for the work of the Arlo Auditors as it relates to the Parent Auditors’ report on Parent’s statements, all within sufficient time to enable Parent to meet its
timetable for the printing, filing and public dissemination of the Parent Annual Statements. 
 (e) Access to Records. If Parent
determines in good faith that there may be some inaccuracy in an Arlo Group member’s financial statements or deficiency in an Arlo Group member’s internal accounting controls or operations that could materially impact Parent’s
financial statements, at Parent’s request, Arlo will provide Parent’s internal auditors with access to the Arlo Group’s books and records so that Parent may conduct reasonable audits relating to the financial statements provided by
Arlo under this Agreement as well as to the internal accounting controls and operations of the Arlo Group. 
 (f) Notice of Changes.
Subject to Section 6.1(g), Arlo will give Parent as much prior notice as reasonably practicable of any proposed determination of, or any significant changes in, Arlo’s accounting estimates or accounting principles from
those in effect on the IPO Closing Date. Arlo will consult with Parent and, if requested by Parent, Arlo will consult with the Parent Auditors with respect thereto. Arlo will not make any such determination or changes without Parent’s prior
written consent if such a determination or a change would be sufficiently material to be required to be disclosed in Arlo’s or Parent’s financial statements as filed with the SEC or otherwise publicly disclosed therein. Arlo will give
Parent as much prior notice as reasonably practicable of any business combination, the acquisition of any variable interest entities or any other transaction, in each case, which could reasonably be expected to result in the consolidation by Parent
of the results of operations and financial position of an entity that is not a member of the Arlo Group. 
 (g) Accounting Changes
Requested by Parent. Notwithstanding Section 6.2(f), Arlo will make any changes in its accounting estimates or accounting principles that are requested by Parent in order for Arlo’s accounting practices and
principles to be consistent with those of Parent. 

  
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 (h) Special Reports of Deficiencies or Violations. Arlo will report in reasonable
detail to Parent the following events or circumstances promptly after any executive officer of Arlo or any member of the Arlo Board becomes aware of such matter: (A) all significant deficiencies and material weaknesses in the design or
operation of internal control over financial reporting which are reasonably likely to adversely affect Arlo’s ability to record, process, summarize and report financial information; (B) any fraud, whether or not material, that involves
management or other employees who have a significant role in Arlo’s internal control over financial reporting; (C) any illegal act within the meaning of Section 10A(b) and (f) of the Exchange Act; and (D) any report of a
material violation of Law that an attorney representing any member of the Arlo Group has formally made to any officers or directors of Arlo pursuant to the SEC’s attorney conduct rules (17 C.F.R. Part 205). 

(i) For the avoidance of doubt, Arlo’s requirements under this Section 6.2 will continue until the reporting for
all financial statement periods during which Parent was required to consolidate the results of operations and financial position of Arlo and any other members of the Arlo Group or to account for its investment in Arlo or any other member of the Arlo
Group under the equity method of accounting (determined in accordance with GAAP consistently applied and consistent with SEC reporting requirements) has been completed. For example, if Arlo ceases to be a consolidated subsidiary or equity method
affiliate of Parent on September 30, Arlo’s obligations with regard to information required for Parent’s Form 10-K for the year ended December 31 will remain in effect until such Form 10-K has been filed. 
 6.3 Parent Financial Information Certifications. Parent’s disclosure
controls and procedures and internal control over financial reporting (as each is contemplated by the Exchange Act) are currently applicable to Arlo as its Subsidiary. In order to enable the principal executive officer and principal financial
officer of Arlo to make the certifications required of them under Section 302 of the Sarbanes-Oxley Act of 2002 following the IPO Closing Date in respect of any quarterly or annual fiscal period of Arlo that begins prior to the IPO Closing Date
in respect of which financial statements are not included in the IPO Registration Statement (a “Straddle Period”), Parent, on or before the date that is ten (10) days prior to the latest date on which Arlo may file the periodic
report pursuant to Section 13 of the Exchange Act for any such Straddle Period (not taking into account any possible extensions), shall provide Arlo with one or more certifications with respect to such disclosure controls and procedures and the
effectiveness thereof and whether there were any changes in the internal controls over financial reporting that have materially affected or are reasonably likely to materially affect the internal control over financing reporting, which
certification(s) shall be (a) with respect to the applicable Straddle Period (it being understood that no certification need be provided with respect to any period or portion of any period after the IPO Closing Date) and (b) in
substantially the same form as those that had been provided by officers or employees of Parent in similar certifications delivered prior to the IPO Closing Date, with such changes thereto as Parent may reasonably determine. Such certification(s)
shall be provided by Parent (and not by any officer or employee in their individual capacity). 
 6.4 Covenants Relating to the
Incurrence of Indebtedness. 
 (a) For so long as Parent beneficially owns at least fifty percent (50%) of the total voting power of
Arlo’s outstanding capital stock entitled to vote in the election of the Arlo Board, Arlo will not, and Arlo will not permit any other member of the Arlo Group to, without Parent’s prior written consent (which Parent may withhold in its
sole discretion), directly or indirectly, incur any Arlo Indebtedness, other than, subject to Section 6.4(b), any Arlo Indebtedness not exceeding, in the aggregate, $100 million. 

  
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 (b) For so long as Parent beneficially owns at least fifty percent (50%) of the total voting
power of Arlo’s outstanding capital stock entitled to vote in the election of the Arlo Board, Arlo will not, and Arlo will not permit any other member of the Arlo Group to, without Parent’s prior written consent (which Parent may withhold
in its sole discretion), create, incur, assume or suffer to exist any Arlo Indebtedness if the incurrence of such Arlo Indebtedness would cause Parent to be in breach of or in default under any contract the existence of which Parent has advised
Arlo, or if the incurrence of such Arlo Indebtedness could be reasonably likely to adversely impact the credit rating of any commercial indebtedness of Parent. 

(c) In order to implement this Section 6.4, Arlo will notify Parent in writing at least forty-five (45) Business
Days prior to the time it or any other member of the Arlo Group contemplates incurring any Arlo Indebtedness of its intention to do so and will either (x) demonstrate to Parent’s satisfaction that this Section 6.4
will not be violated by such proposed additional Arlo Indebtedness or (y) obtain Parent’s prior written consent to the incurrence of such proposed additional Arlo Indebtedness. Any such written notification from Arlo to Parent will include
documentation of any existing Arlo Indebtedness and estimated Arlo Indebtedness after giving effect to such proposed incurrence of additional Arlo Indebtedness. Parent will have the right to verify the accuracy of such information and Arlo will
cooperate fully with Parent in such effort (including, without limitation, by providing Parent with access to the working papers and underlying documentation related to any calculations used in determining such information). 

6.5 Other Covenants. 
 (a)
For so long as Parent beneficially owns at least fifty percent (50%) of the total voting power of Arlo’s outstanding capital stock entitled to vote in the election of the Arlo Board: 

(i) Arlo will not, without the prior written consent of Parent (which Parent may withhold in its sole discretion), take, or
cause to be taken, directly or indirectly, any action, including making or failing to make any election under the Law of any state, which has the effect, directly or indirectly, of restricting or limiting the ability of Parent to freely sell,
transfer, assign, pledge or otherwise dispose of shares of Arlo Common Stock or would restrict or limit the rights of any transferee of Parent as a holder of Arlo Common Stock. Without limiting the generality of the foregoing, Arlo will not, without
the prior written consent of Parent (which Parent may withhold in its sole discretion), take any action, or take any action to recommend to its stockholders any action, which would among other things, limit the legal rights of, or deny any benefit
to, Parent as an Arlo stockholder either (i) solely as a result of the amount of Arlo Common Stock owned by Parent or (ii) in a manner not applicable to Arlo stockholders generally. 

(ii) To the extent that Parent is a party to any contract that provides that certain actions or inactions of Affiliates of
Parent (which for purposes of such contract includes any member of the Arlo Group) may result in Parent being in breach of or in default under such contract and Parent has advised Arlo of the existence, and has 

  
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 furnished Arlo with copies, of such contracts (or the relevant portions thereof), Arlo will
not take or fail to take, as applicable, and Arlo will cause the other members of the Arlo Group not to take or fail to take, as applicable, any actions that reasonably could result in Parent being in breach of or in default under any such contract.
The parties acknowledge and agree that from time to time Parent may in good faith (and not solely with the intention of imposing restrictions on Arlo pursuant to this covenant) enter into additional contracts or amendments to existing contracts that
provide that certain actions or inactions of members of the Parent Group (including, for purposes of this Section 6.5(a)(ii), members of the Arlo Group) may result in Parent being in breach of or in default under such
contracts. In such event, provided Parent has notified Arlo of such additional contracts or amendments to existing contracts, Arlo will not thereafter take or fail to take, as applicable, and Arlo will cause the other members of the Arlo Group not
to take or fail to take, as applicable, any actions that reasonably could result in Parent being in breach of or in default under any such additional contracts or amendments to existing contracts. Parent acknowledges and agrees that Arlo will not be
deemed in breach of this Section 6.5(a)(ii) to the extent that, prior to being notified by Parent of an additional contract or an amendment to an existing contract pursuant to this
Section 6.5(a)(ii), a member of the Arlo Group already has taken or failed to take one or more actions that would otherwise constitute a breach of this Section 6.5(a)(ii) had such action(s) or
inaction(s) occurred after such notification, provided, that Arlo does not, after notification by Parent, take any further action or fail to take any action that contributes further to such breach or default. Arlo agrees that any information
provided to it pursuant to this Section 6.5(a)(ii) will constitute information that is subject to Arlo’s obligations under Article VII. 

(iii) Arlo will not, and Arlo will not permit any other member of the Arlo Group to, without Parent’s prior written
consent (which Parent may withhold in its sole discretion), directly or indirectly, (A) acquire any other businesses or assets or dispose of any of its own assets, in each case with an aggregate value for all such transactions in excess of
$10 million or (B) acquire or agree to acquire any share, shares or other interest in any company, partnership or other venture, whether by way of a purchase of stock or securities, contributions to capital, or otherwise, or the loaning of
any funds to third parties, in each case, in excess of $10 million in the aggregate. 
 (b) For so long as Parent beneficially owns at
least eighty percent (80%) of the total voting power of Arlo’s outstanding capital stock entitled to vote in the election of the Arlo Board, Arlo will not, without the prior written consent of Parent (which it may withhold in its sole
discretion), issue, or enter into any agreement, commitment or understanding to issue (or that could result in the issuance of), any shares of Arlo Capital Stock or any rights, warrants or options to acquire Arlo Capital Stock (including, without
limitation, securities convertible into or exchangeable for Arlo Capital Stock), if after giving effect to such issuances and considering all of the shares of Arlo Capital Stock acquirable pursuant to such rights, warrants and options to be
outstanding on the date of such issuance (whether or not then exercisable), Parent could own (a) less than eighty percent (80%) of the total voting power of the outstanding shares of Arlo Capital Stock entitled to vote in the election of Arlo
directors, (b) less than eighty percent (80%) of the outstanding shares of any class of Arlo Capital Stock not entitled to vote in the election of Arlo directors, or (c) less than eighty percent (80%) of the value of the outstanding shares
of Arlo Capital Stock. 

  
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 (c) The parties agree to the matters set forth in Schedule 6.5(c). 

6.6 Intellectual Property Developed Between the Separation and the Distribution. 

(a) During the period commencing at the Separation Time and ending on the earliest of (i) the date of the Distribution,
(ii) December 31, 2018 or (iii) such earlier date as may be agreed in writing by the Parties (such date, the “Collaboration End Date”), the Parties intend, but are not obligated, to continue to collaborate in the
development of Technology that may be related and useful to their respective businesses, and which collaboration may result in the creation of Intellectual Property Rights (such Intellectual Property Rights, the “New IPR”) that will
be owned by a Party. Except as otherwise set forth in Section 6.6(b) below, ownership shall be determined in accordance with applicable Law. Accordingly, as promptly as practicable following the Collaboration End Date (and
in no event later than 60 days following the Collaboration End Date), representatives of each Party shall meet and determine in good faith which New IPR owned by each Party or its subsidiaries arose from the collaboration, and such New IPR shall be
licensed to the other Party and its subsidiaries as Other IP or a licensed Patent pursuant to the License Agreement. Such licenses shall be deemed to have been granted upon the creation of the relevant New IPR. The Parties shall memorialize such
determination in writing, which writing shall be deemed to automatically supplement the relevant category of Intellectual Property Rights licensed under the License Agreement. 

(b) The Parties agree that (i) ownership of any Patent arising from the collaboration shall be allocated to the Party employing the named
inventor or inventors (determined in accordance with applicable Law), and if employees of both Parties are named inventors, the Patent shall be jointly owned by the Parties without duty to account, with the Parties to share in the cost of
prosecuting such joint Patent and to cooperate in the enforcement of such Patents, and (ii) the Party whose employee authors any work of authorship (including any Software) will own a Copyright in accordance with applicable Law, and it is not
the intention of the Parties to author any work of authorship that would be considered a joint work; provided, however, if any Copyright that is New IPR should be held to be jointly owned by the Parties, such joint ownership shall be
without the duty to account. In the event that any New IPR is jointly owned by the Parties, each Party’s rights thereto shall be solely as a joint owner and not as a licensee. Nothing set forth in this Section 6.6
shall affect a Party’s ownership (as may be established by applicable Law or this Section 6.6(b)) of any New IPR or require a Party to transfer ownership of any Intellectual Property Rights (including rights to
derivative works of a Party’s Software authored by the other Party) to the other Party. 
 6.7 Names Following the Separation.

 (a) Except as set forth in Section 6.7(b) below, neither Arlo nor any member of its Group shall use, or have the
right to use, the Parent Marks or any name or mark that, in the reasonable judgment of Parent, is confusingly similar to the Parent Marks. Notwithstanding Section 6.7(b) below, neither Arlo nor any member of its Group shall
use the Parent Marks in any manner that detracts from the goodwill and reputation of Parent associated with the Parent Marks. 

  
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 (b) Effective upon the Separation Time and until the expiration of the applicable time
period covered herein, NETGEAR shall, and shall cause members of its Group to, grant to Arlo and members of its Group, a limited, non-exclusive, royalty-free, fully
paid-up, non-transferable, non-sublicenseable worldwide license or authorization, as applicable, to use the Parent Marks solely
in connection with (i) any Arlo Inventory that, as of the Separation Time, bears or incorporates the Parent Marks, until such time as usable Arlo Inventory existing as of the Separation Time has been exhausted; (ii) the manufacture of Arlo
Products that are made with the raw materials, work-in-process or components that constitute Arlo Inventory, in each case, as of the Separation Time; (iii) the
continued use of any machine, mold or other device that causes the Parent Marks to be imprinted on any circuit board, case or similar products used in an Arlo Product, provided that such Parent Marks are not visible to an ordinary user of
such product, until such time as such machine, mold or other device has been retooled or otherwise modified to remove the Parent Mark; and (iv) building and other signage, in the case of clause (iv), for a period ending on the Distribution
Date; provided, that such time period in clause (iv) shall be automatically extended to the extent required in connection with obtaining any necessary approvals of any landlord or other Third Party with respect thereto. 

(c) Except as set forth in Section 6.7(d) below, neither Parent nor any member of its Group shall use, or have the
right to use, the Arlo Marks or any name or mark that, in the reasonable judgment of Arlo, is confusingly similar to the Arlo Marks. Notwithstanding Section 6.7(d) below, neither Parent nor any member of its Group shall use
the Arlo Marks in any manner that detracts from the goodwill and reputation of Arlo associated with the Arlo Marks. 
 (d) Effective upon the
Separation Time and until the expiration of the applicable time period covered herein, Arlo shall, and shall cause members of its Group to, grant to Parent and members of its Group, a limited, non-exclusive,
royalty-free, fully paid-up, non-transferable, non-sublicenseable worldwide license or authorization, as applicable, to use the
Arlo Marks solely in connection with (i) any Parent Inventory or Arlo Inventory (to the extent such Arlo Inventory is sold by Parent pursuant to any contracts, arrangements or understandings between Parent and Arlo) that, as of the Separation
Time, bears or incorporates the Arlo Marks, until such time as such usable Parent Inventory or Arlo Inventory existing as of the Separation Time has been exhausted; (ii) the manufacture of Parent Products that are made with the raw materials, work-in-process or components that constitute Parent Inventory, in each case, as of the Separation Time; (iii) the continued use of any machine, mold or other device that
causes the Arlo Marks to be imprinted on any circuit board, case or similar products used in a Parent Product, provided that such Arlo Marks are not visible to an ordinary user of such product, until such time as such machine, mold or other
device has been retooled or otherwise modified to remove the Arlo Mark; and (iv) building and other signage, in the case of clause (iv), for a period ending on the Distribution Date; provided, that such time period in clause
(iv) shall be automatically extended to the extent required in connection with obtaining any necessary approvals of any landlord or other Third Party with respect thereto. 

(e) Notwithstanding anything to the contrary in this Section 6.7, nothing set forth in this
Section 6.7 shall limit either Party’s nominative use of the Arlo Marks (in the case of Parent) or the Parent Marks (in the case of Arlo), respectively, including for the purposes of referring to the other Party and
the transactions contemplated hereby. 

  
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 6.8 Insurance Matters. 

(a) Parent and Arlo agree to cooperate in good faith to provide for an orderly transition of insurance coverage from the date hereof through
the Distribution Date. In no event shall Parent, any other member of the Parent Group or any Parent Indemnitee have Liability or obligation whatsoever to any member of the Arlo Group in the event that any insurance policy or insurance policy related
contract shall be terminated or otherwise cease to be in effect for any reason, shall be unavailable or inadequate to cover any Liability of any member of the Arlo Group for any reason whatsoever or shall not be renewed or extended beyond the
current expiration date. 
 (b) Until the earlier of (x) the date Arlo has obtained in effect such insurance policies as meet the
specifications set forth in Section 6.8(d) and (y) the Distribution Date (the “Insurance Termination Time”), Parent shall (i) cause the members of the Arlo Group and their respective employees,
officers and directors to continue to be covered as insured parties under Parent’s Policies in place as of the date of this Agreement and (ii) permit the members of the Arlo Group and their respective employees, officers and directors to
submit claims arising from or relating to facts, circumstances, events or matters that occurred prior to the earlier of the date Arlo has obtained the Arlo Policies or the Distribution Date, to the extent permitted by such Policies; provided,
that Arlo is in compliance with its obligations set forth in Section 6.8(a) and shall use commercially reasonable efforts to obtain, effective as of the Distribution Date, insurance policies that meet the specifications set
forth in Section 6.8(d). With respect to policies, if any, procured by Arlo for the sole benefit of the Arlo Group (“Arlo Policies”), Arlo shall continue to maintain such insurance coverage through the
Distribution Date in a manner no less favorable than currently provided. Without limiting any of the rights or obligations of the parties pursuant to this Section 6.8, Parent and Arlo acknowledge that, as of immediately
prior to the Distribution Date, Parent intends to take such action as it may deem necessary or desirable to remove the members of the Arlo Group and their respective employees, officers and directors as insured parties under any policy of insurance
issued to any Parent Policy. Arlo further acknowledges and agrees that, from and after the Insurance Termination Time, neither Arlo nor any member of the Arlo Group shall have any rights to or under any Parent Policies other than as expressly
provided in this Section 6.8(b). 
 (c) From and after the Separation Time, with respect to any losses, damages and
Liability incurred by any member of the Arlo Group prior to the Insurance Termination Time, Parent will provide Arlo with access to, and Arlo may make claims under, Parent’s Policies in place immediately prior to the Insurance Termination Time
(and any extended reporting periods for claims made Policies) and Parent’s historical Policies, but solely to the extent that such Policies provided coverage for members of the Arlo Group or the Arlo Business prior to the Insurance Termination
Time; provided, that such access to, and the right to make claims under, such Policies, shall be subject to the terms, conditions and exclusions of such Policies, including but not limited to any limits on coverage or scope, any deductibles,
self-insured retentions and other fees and expenses, and shall be subject to the following additional conditions: 

  
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 (i) Arlo shall notify Parent, as promptly as practicable, of any claim made
by Arlo pursuant to this Section 6.8(c); 
 (ii) Arlo and the members of the Arlo Group shall
indemnify, hold harmless and reimburse Parent and the members of the Parent Group for any deductibles, self-insured retention, fees, indemnity payments, settlements, judgments, legal fees, allocated claims expenses and claim handling fees, and other
expenses incurred by Parent or any members of the Parent Group to the extent resulting from any access to, or any claims made by Arlo or any other members of the Arlo Group under, any insurance provided pursuant to this
Section 6.8(c), whether such claims are made by Arlo, its employees or third Persons; and 
 (iii)
Arlo shall exclusively bear (and neither Parent nor any members of the Parent Group shall have any obligation to repay or reimburse Arlo or any member of the Arlo Group for) and shall be liable for all excluded, uninsured, uncovered, unavailable or
uncollectible amounts of all such claims made by Arlo or any member of the Arlo Group under the Policies as provided for in this Section 6.8(c). In the event an insurance policy aggregate is exhausted, or believed likely to
be exhausted, due to noticed claims, the Arlo Group, on the one hand, the Parent Group, on the other hand, shall be responsible for their pro rata portion of the reinstatement premium, if any, based upon the losses of such Group submitted to
Parent’s insurance carrier(s) (including any submissions prior to the Insurance Termination Time). To the extent that the Parent Group or the Arlo Group is allocated more than its pro rata portion of such premium due to the timing of losses
submitted to Parent’s insurance carrier(s), the other Party shall promptly pay the first Party an amount such that each Group has been properly allocated its pro rata portion of the reinstatement premium. Subject to the following sentence, a
Party may elect not to reinstate the policy aggregate. In the event that a Party elects not to reinstate the policy aggregate, it shall provide prompt written notice to the other Party. A Party which elects to reinstate the policy aggregate shall be
responsible for all reinstatement premiums and other costs associated with such reinstatement. 
 In the event that any member of the Parent Group incurs
any losses, damages or Liability prior to or in respect of the period prior to the Separation Time for which such member of the Parent Group is entitled to coverage under Arlo’s third-party Policies, the same process pursuant to this
Section 6.8(c) shall apply, substituting “Parent” for “Arlo” and “Arlo” for “Parent,” including for purposes of the first sentence of Section 6.8(f). 

(d) Except as provided in Section 6.8(b) and Section 6.7(c), from and after the
Distribution Date, neither Arlo nor any member of the Arlo Group shall have any rights to or under any of the Policies of Parent or any other member of the Parent Group. At the Distribution Date, Arlo shall have in effect all insurance programs
required to comply with Arlo’s contractual obligations and such other Policies required by Law or as reasonably necessary or appropriate for companies operating a business similar to Arlo’s. 

  
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 (e) Neither Arlo nor any member of the Arlo Group, in connection with making a claim under
any insurance policy of Parent or any member of the Parent Group pursuant to this Section 6.8, shall take any action that would be reasonably likely to (i) have a material and adverse impact on the then-current
relationship between Parent or any member of the Parent Group, on the one hand, and the applicable insurance company, broker or third-party claims administrator, on the other hand; (ii) result in the applicable insurance company terminating or
materially reducing coverage, or materially increasing the amount of any premium owed by Parent or any member of the Parent Group under the applicable insurance policy; or (iii) otherwise compromise, jeopardize or interfere in any material
respect with the rights of Parent or any member of the Parent Group under the applicable insurance policy. 
 (f) All payments and
reimbursements by Arlo pursuant to this Section 6.8 will be made within forty-five (45) days after Arlo’s receipt of an invoice therefor from Parent, unless otherwise agreed in writing by the Parties. If Parent
incurs costs to enforce Arlo’s obligations herein, Arlo agrees to indemnify and hold harmless Parent for such enforcement costs, including reasonable attorneys’ fees, pursuant to Section 5.6(b). Parent shall
retain the exclusive right to control its Policies and programs, including the right to exhaust, settle, release, commute, buy-back or otherwise resolve disputes with respect to any of its Policies and
programs and to amend, modify or waive any rights under any such Policies and programs, notwithstanding whether any such Policies or programs apply to any Arlo Liabilities and/or claims Arlo has made or could make in the future, and no member of the
Arlo Group shall erode, exhaust, settle, release, commute, buyback or otherwise resolve disputes with Parent’s insurers with respect to any of Parent’s Policies and programs, or amend, modify or waive any rights under any such Policies and
programs. Arlo shall cooperate with Parent and share such information as is reasonably necessary in order to permit Parent to manage and conduct its insurance matters as Parent deems appropriate. Neither Parent nor any member of the Parent Group
shall have any obligation to secure extended reporting for any claims under any Policies of Parent or any member of the Parent Group for any acts or omissions by any member of the Arlo Group incurred prior to the Separation Time. For the avoidance
of doubt, each Party and any member of its applicable Group has the sole right to settle or otherwise resolve third party claims made against it or any member of its applicable Group covered under an applicable insurance Policy. 

(g) This Agreement shall not be considered as an attempted assignment of any policy of insurance or as a contract of insurance and shall not be
construed to waive any right or remedy of any member of the Parent Group in respect of any insurance policy or any other contract or policy of insurance. 

(h) Arlo does hereby, for itself and each other member of the Arlo Group, agree that no member of the Parent Group shall have any Liability
whatsoever as a result of the Policies and practices of Parent and the members of the Parent Group as in effect at any time, including as a result of the level or scope of any such insurance, the creditworthiness of any insurance carrier, the terms
and conditions of any policy, or the adequacy or timeliness of any notice to any insurance carrier with respect to any claim or potential claim or otherwise. 

6.9 Late Payments. Except as expressly provided to the contrary in this Agreement or in any Ancillary Agreement, or as otherwise agreed
in writing by the Parties, any amount not paid when due pursuant to this Agreement or any Ancillary Agreement (and any amounts billed or otherwise invoiced or demanded and properly payable that are not paid within forty-five (45) days of such
bill, invoice or other demand) shall accrue interest at a rate per annum equal to the Prime Rate plus two (2%) percent; provided, that notice of any such late payment has been provided and the other Party has been provided fifteen
(15) days to cure any such late payment. 

  
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 6.10 Inducement. Arlo acknowledges and agrees that Parent’s willingness to
cause, effect and consummate the Separation, the IPO and the Distribution has been conditioned upon and induced by Arlo’s covenants and agreements in this Agreement and the Ancillary Agreements, including Arlo’s assumption of the Arlo
Liabilities pursuant to the Separation and the provisions of this Agreement and Arlo’s covenants and agreements contained in Article V. 

6.11 Post-Separation Time Conduct. The Parties acknowledge that, after the Separation Time, each Party shall be independent of the
other Party, with responsibility for its own actions and inactions and its own Liabilities relating to, arising out of or resulting from the conduct of its business, operations and activities following the Separation Time, except as may otherwise be
provided in any Ancillary Agreement, and each Party shall (except as otherwise provided in Article V) use commercially reasonable efforts to prevent such Liabilities from being inappropriately borne by the other Party. 

ARTICLE VII 
 EXCHANGE OF
INFORMATION; CONFIDENTIALITY 
 7.1 Agreement for Exchange of Information. Subject to Section 7.9 and any
other applicable confidentiality obligations, each of Parent and Arlo, on behalf of itself and each member of its respective Group, agrees to use commercially reasonable efforts to provide or make available, or cause to be provided or made
available, to the other Party and the members of such other Party’s Group, at any time before, on or after the Separation Time, as soon as reasonably practicable after written request therefor is received by such Party’s legal department
from the requesting Party’s legal department, any information (or a copy thereof) in the possession or under the control of such Party or its Group which the requesting Party’s legal department requests to the extent that (i) such
information relates to the Arlo Business, or any Arlo Asset or Arlo Liability, if Arlo is the requesting Party, or to the Parent Business, or any Parent Asset or Parent Liability, if Parent is the requesting Party; (ii) such information is
required by the requesting Party to comply with its obligations under this Agreement or any Ancillary Agreement; or (iii) such information is required by the requesting Party to comply with any obligation imposed by any Governmental Authority;
provided, however, that, in the event that the Party to whom the request has been made determines that any such provision of information could be detrimental to the Party providing the information, violate any Law or agreement, or
waive any privilege available under applicable Law, including any attorney-client privilege, then the Parties shall use commercially reasonable efforts to permit compliance with such obligations to the extent and in a manner that avoids any such
harm or consequence. The Party providing information pursuant to this Section 7.1 shall only be obligated to provide such information in the form, condition and format in which it then exists, and in no event shall
such Party be required to perform any improvement, modification, conversion, updating or reformatting of any such information, and nothing in this Section 7.1 shall expand the obligations of a Party under
Section 7.4. 

  
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 7.2 Ownership of Information. The provision of any information pursuant to
Section 7.1 or Section 7.7 shall not affect the ownership of such information (which shall be determined solely in accordance with the terms of this Agreement and the Ancillary Agreements), or
constitute a grant of rights in or to any such information. 
 7.3 Compensation for Providing Information. The Party requesting
information agrees to reimburse the other Party for the reasonable costs, if any, of creating, gathering, copying, transporting and otherwise complying with the request with respect to such information (including any reasonable costs and expenses
incurred in any review of information for purposes of protecting the Privileged Information of the providing Party or in connection with the restoration of backup media for purposes of providing the requested information). Except as may be otherwise
specifically provided elsewhere in this Agreement, any Ancillary Agreement or any other agreement between the Parties, such costs shall be computed in accordance with the providing Party’s standard methodology and procedures. 

7.4 Record Retention. To facilitate the possible exchange of information pursuant to this Article VII and other provisions of
this Agreement after the Separation Time, the Parties agree to use their commercially reasonable efforts, which shall be no less rigorous than those used for retention of such Party’s own information, to retain all information in their
respective possession or control on the Separation Time in accordance with their respective policies regarding retention of records; provided, however, that in the case of any information relating to Taxes, such retention period shall
be extended to the expiration of the applicable statute of limitations (giving effect to any extensions thereof). No Party will destroy, or permit any of its Subsidiaries to destroy, any information which the other Party may have the right to obtain
pursuant to this Agreement prior to the end of the retention period set forth in such policies without first notifying the other Party of the proposed destruction and giving the other Party the opportunity to take possession of such information
prior to such destruction. Notwithstanding anything in this Article VII to the contrary, the Tax Matters Agreement exclusively governs the retention of Tax related records and the exchange of
Tax-related information, and the Employee Matters Agreement governs the retention of employment and benefits related records. 

7.5 Limitations of Liability. Neither Party shall have any Liability to the other Party in the event that any information exchanged or
provided pursuant to this Agreement is found to be inaccurate in the absence of gross negligence, bad faith or willful misconduct by the Party providing such information. Neither Party shall have any Liability to any other Party if any information
is destroyed after commercially reasonable efforts by such Party to comply with the provisions of Section 7.4. 

7.6 Other Agreements Providing for Exchange of Information. 

(a) The rights and obligations granted under this Article VII are subject to any specific limitations, qualifications or additional
provisions on the sharing, exchange, retention, destruction or confidential treatment of information set forth in any Ancillary Agreement. 

(b) Any party that receives, pursuant to a request for information in accordance with this Article VII, Tangible Information that is not
relevant to its request shall, at the request of the providing Party, (i) return it to the providing Party or, at the providing Party’s request, destroy such Tangible Information; and (ii) deliver to the providing Party written
confirmation that such Tangible Information was returned or destroyed, as the case may be, which confirmation shall be signed by an authorized representative of the requesting Party. 

  
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 7.7 Production of Witnesses; Records; Cooperation. 

(a) After the Separation Time, except in the case of a Dispute between Parent and Arlo, or any members of their respective Groups, each Party
shall use its commercially reasonable efforts to make available to the other Party, upon written request, the former, current and future directors, officers, employees, other personnel and agents of the members of its respective Group as witnesses
and any books, records or other documents within its control or which it otherwise has the ability to make available without undue burden, to the extent that any such person (giving consideration to business demands of such directors, officers,
employees, other personnel and agents) or books, records or other documents may reasonably be required in connection with any Action in which the requesting Party (or member of its Group) may from time to time be involved, regardless of whether such
Action is a matter with respect to which indemnification may be sought hereunder. The requesting Party shall bear all costs and expenses in connection therewith. 

(b) If an Indemnifying Party chooses to defend or to seek to compromise or settle any Third-Party Claim, the other Party shall make available
to such Indemnifying Party, upon written request, the former, current and future directors, officers, employees, other personnel and agents of the members of its respective Group as witnesses and any books, records or other documents within its
control or which it otherwise has the ability to make available without undue burden, to the extent that any such person (giving consideration to business demands of such directors, officers, employees, other personnel and agents) or books, records
or other documents may reasonably be required in connection with such defense, settlement or compromise, or such prosecution, evaluation or pursuit, as the case may be, and shall otherwise cooperate in such defense, settlement or compromise, or such
prosecution, evaluation or pursuit, as the case may be. 
 (c) Without limiting the foregoing, the Parties shall cooperate and consult to the
extent reasonably necessary with respect to any Actions. (d) Without limiting any provision of this Section 7.7, each of the Parties agrees to cooperate, and to cause each member of its respective Group to cooperate, with
each other in the defense of any infringement or similar claim with respect to any Intellectual Property Rights and shall not claim to acknowledge, or permit any member of its respective Group to claim to acknowledge, the validity or infringing use
of any Intellectual Property Rights of a third Person in a manner that would hamper or undermine the defense of such infringement or similar claim. 

(e) The obligation of the Parties to provide witnesses pursuant to this Section 7.7 is intended to be interpreted in
a manner so as to facilitate cooperation and shall include the obligation to provide as witnesses directors, officers, employees, other personnel and agents without regard to whether such person could assert a possible business conflict (subject to
the exception set forth in the first sentence of Section 7.7(a)). 

  
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 7.8 Privileged Matters. 

(a) The Parties recognize that legal and other professional services that have been and will be provided prior to the Separation Time have been
and will be rendered for the collective benefit of each of the members of the Parent Group and the Arlo Group, and that each of the members of the Parent Group and the Arlo Group should be deemed to be the client with respect to such services for
the purposes of asserting all privileges which may be asserted under applicable Law in connection therewith. The Parties recognize that legal and other professional services will be provided following the Separation Time, which services will be
rendered solely for the benefit of the Parent Group or the Arlo Group, as the case may be. In furtherance of the foregoing, each Party shall authorize the delivery to and/or retention by the other Party of materials existing as of the Separation
Time that are necessary for such other Party to perform such services. 
 (b) The Parties agree as follows: 

(i) Parent shall be entitled, in perpetuity, to control the assertion or waiver of all privileges and immunities in connection
with any Privileged Information that relates solely to the Parent Business and not to the Arlo Business, whether or not the Privileged Information is in the possession or under the control of any member of the Parent Group or any member of the Arlo
Group. Parent shall also be entitled, in perpetuity, to control the assertion or waiver of all privileges and immunities in connection with any Privileged Information that relates solely to any Parent Liabilities resulting from any Actions that are
now pending or may be asserted in the future, whether or not the Privileged Information is in the possession or under the control of any member of the Parent Group or any member of the Arlo Group; 

(ii) Arlo shall be entitled, in perpetuity, to control the assertion or waiver of all privileges and immunities in connection
with any Privileged Information that relates solely to the Arlo Business and not to the Parent Business, whether or not the Privileged Information is in the possession or under the control of any member of the Arlo Group or any member of the Parent
Group. Arlo shall also be entitled, in perpetuity, to control the assertion or waiver of all privileges and immunities in connection with any Privileged Information that relates solely to any Arlo Liabilities resulting from any Actions that are now
pending or may be asserted in the future, whether or not the Privileged Information is in the possession or under the control of any member of the Arlo Group or any member of the Parent Group; and 

(iii) if the Parties do not agree as to whether certain information is Privileged Information, then such information shall be
treated as Privileged Information, and the Party that believes that such information is Privileged Information shall be entitled to control the assertion or waiver of all privileges and immunities in connection with any such information unless the
Parties otherwise agree. The Parties shall use the procedures set forth in Article VIII to resolve any disputes as to whether any information relates solely to the Parent Business, solely to the Arlo Business, or to both the Parent
Business and the Arlo Business. 

  
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 (c) Subject to the remaining provisions of this Section 7.8, the
Parties agree that they shall have a shared privilege or immunity with respect to all privileges and immunities not allocated pursuant to Section 7.8(b) and all privileges and immunities relating to any Actions or other
matters that involve both Parties (or one or more members of their respective Groups) and in respect of which both Parties have Liabilities under this Agreement, and that no such shared privilege or immunity may be waived by either Party without the
consent of the other Party. 
 (d) If any Dispute arises between the Parties or any members of their respective Groups regarding whether a
privilege or immunity should be waived to protect or advance the interests of either Party and/or any member of their respective Groups, each Party agrees that it shall (i) negotiate with the other Party in good faith; (ii) endeavor to
minimize any prejudice to the rights of the other Party; and (iii) not unreasonably withhold consent to any request for waiver by the other Party. Further, each Party specifically agrees that it shall not withhold its consent to the waiver
of a privilege or immunity for any purpose except in good faith to protect its own legitimate interests. 
 (e) In the event of any Dispute
between Parent and Arlo, or any members of their respective Groups, either Party may waive a privilege in which the other Party or member of such other Party’s Group has a shared privilege, without obtaining consent pursuant to
Section 7.8(c); provided, that the Parties intend such waiver of a shared privilege to be effective only as to the use of information with respect to the Action between the Parties and/or the applicable members of
their respective Groups, and is not intended to operate as a waiver of the shared privilege with respect to any Third Party. 
 (f) Upon
receipt by either Party, or by any member of its respective Group, of any subpoena, discovery or other request that may reasonably be expected to result in the production or disclosure of Privileged Information subject to a shared privilege or
immunity or as to which another Party has the sole right hereunder to assert a privilege or immunity, or if either Party obtains knowledge that any of its, or any member of its respective Group’s, current or former directors, officers, agents
or employees have received any subpoena, discovery or other requests that may reasonably be expected to result in the production or disclosure of such Privileged Information, such Party shall promptly notify the other Party of the existence of the
request (which notice shall be delivered to such other Party no later than five (5) Business Days following the receipt of any such subpoena, discovery or other request) and shall provide the other Party a reasonable opportunity to review the
Privileged Information and to assert any rights it or they may have under this Section 7.8 or otherwise, to prevent the production or disclosure of such Privileged Information. 

(g) Any furnishing of, or access or transfer of, any information pursuant to this Agreement is made in reliance on the agreement of Parent and
Arlo set forth in this Section 7.8 and in Section 7.9 to maintain the confidentiality of Privileged Information and to assert and maintain all applicable privileges and immunities. The Parties
agree that their respective rights to any access to information, witnesses and other Persons, the furnishing of notices and documents and other cooperative efforts between the Parties contemplated by this Agreement, and the transfer of Privileged
Information between the Parties and members of their respective Groups as needed pursuant to this Agreement, is not intended to be deemed a waiver of any privilege that has been or may be asserted under this Agreement or otherwise. 

  
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 (h) In connection with any matter contemplated by Section 7.7 or
this Section 7.8, the Parties agree to, and to cause the applicable members of their Group to, use commercially reasonable efforts to maintain their respective separate and joint privileges and immunities, including by
executing joint defense and/or common interest agreements where necessary or useful for this purpose. 
 7.9 Confidentiality. 

(a) Confidentiality. Subject to Section 7.10, from and after the Separation Time each of Parent and Arlo, on
behalf of itself and each member of its respective Group, agrees to hold, and to cause its respective Representatives to hold, in strict confidence, with at least the same degree of care that applies to Parent’s confidential and proprietary
information pursuant to policies in effect as of the Separation Time, all confidential and proprietary information concerning the other Party or any member of the other Party’s Group or their respective businesses (giving effect to the
Separation) that is either in its possession (including confidential and proprietary information in its possession prior to the date hereof) or furnished by any such other Party or any member of such Party’s Group or their respective
Representatives at any time pursuant to this Agreement, any Ancillary Agreement or otherwise, and shall not use any such confidential and proprietary information other than for such purposes as shall be expressly permitted hereunder or thereunder,
except, in each case, to the extent that such confidential and proprietary information has been (i) in the public domain or generally available to the public, other than as a result of a disclosure by such Party or any member of such
Party’s Group or any of their respective Representatives in violation of this Agreement, (ii) later lawfully acquired from other sources by such Party (or any member of such Party’s Group) which sources are not themselves bound by a
confidentiality obligation or other contractual, legal or fiduciary obligation of confidentiality with respect to such confidential and proprietary information, or (iii) independently developed or generated without reference to or use of any
proprietary or confidential information of the other Party or any member of such Party’s Group. If any confidential and proprietary information of one Party or any member of its Group is disclosed to the other Party or any member of such other
Party’s Group in connection with providing services to such first Party or any member of such first Party’s Group under this Agreement or any Ancillary Agreement, then such disclosed confidential and proprietary information shall be used
only as required to perform such services. 
 (b) No Release; Return or Destruction. Each Party agrees not to release or disclose, or
permit to be released or disclosed, any information addressed in Section 7.9(a) to any other Person, except its Representatives who need to know such information in their capacities as such (who shall be advised of their
obligations hereunder with respect to such information), and except in compliance with Section 7.10. Without limiting the foregoing, when any such information is no longer needed for the purposes contemplated by this
Agreement or any Ancillary Agreement, and is no longer subject to any legal hold or other document preservation obligation, each Party will promptly after request of the other Party either return to the other Party all such information in a tangible
form (including all copies thereof and all notes, extracts or summaries based thereon) or notify the other Party in writing that it has destroyed such 

  
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 information (and such copies thereof and such notes, extracts or summaries based thereon); provided,
that the Parties may retain electronic back-up versions of such information maintained on routine computer system backup tapes, disks or other backup storage devices; provided further, that any such
information so retained shall remain subject to the confidentiality provisions of this Agreement or any Ancillary Agreement. 
 (c)
Third-Party Information; Privacy or Data Protection Laws. Each Party acknowledges that it and members of its Group may presently have and, following the Separation Time, may gain access to or possession of confidential or proprietary
information of, or legally protected personal information relating to, Third Parties (i) that was received under privacy policies and/or confidentiality or non-disclosure agreements entered into between
such Third Parties, on the one hand, and the other Party or members of such other Party’s Group, on the other hand, prior to the Separation Time; or (ii) that, as between the two Parties, was originally collected by the other Party or
members of such other Party’s Group and that may be subject to and protected by privacy policies, as well as privacy, data protection or other applicable Laws. Each Party agrees that it shall hold, protect and use, and shall cause the members
of its Group and its and their respective Representatives to hold, protect and use, in strict confidence the confidential and proprietary information of, or legally protected personal information relating to, Third Parties in accordance with privacy
policies and privacy, data protection or other applicable Laws and the terms of any agreements that were either entered into before the Separation Time or affirmative commitments or representations that were made before the Separation Time by,
between or among the other Party or members of the other Party’s Group, on the one hand, and such Third Parties, on the other hand. With respect to legally protected personal information received from consumers before the Separation Time, each
Party agrees that it will not use data in a manner that is materially inconsistent with promises made at the time the data was collected unless it first obtains affirmative express consent from the relevant consumer. 

7.10 Protective Arrangements. In the event that a Party or any member of its Group either determines on the advice of its counsel that
it is required to disclose any information pursuant to applicable Law or receives any request or demand under lawful process or from any Governmental Authority to disclose or provide information of the other Party (or any member of the other
Party’s Group) that is subject to the confidentiality provisions hereof, such Party shall notify the other Party (to the extent legally permitted) as promptly as practicable under the circumstances prior to disclosing or providing such
information and shall cooperate, at the expense of the other Party, in seeking any appropriate protective order requested by the other Party. In the event that such other Party fails to receive such appropriate protective order in a timely manner,
then the Party that received such request or demand may thereafter disclose or provide information to the extent required by such Law (as so advised by its counsel) or by lawful process or such Governmental Authority, and the disclosing Party shall
promptly provide the other Party with a copy of the information so disclosed, in the same form and format so disclosed, together with a list of all Persons to whom such information was disclosed, in each case to the extent legally permitted. 

  
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 ARTICLE VIII 

DISPUTE RESOLUTION 
 8.1 Good
Faith Officer Negotiation. Subject to Section 8.4, either Party seeking resolution of any dispute, controversy or claim arising out of or relating to this Agreement or any Ancillary Agreement (other than the Tax Matters
Agreement), including regarding whether any Assets are Arlo Assets, any Liabilities are Arlo Liabilities or the validity, interpretation, breach or termination of this Agreement or any Ancillary Agreement (a “Dispute”), shall
provide written notice thereof to the other Party (the “Officer Negotiation Request”). Within fifteen (15) days of the delivery of the Officer Negotiation Request, the Parties shall attempt to resolve the Dispute through good
faith negotiation. All such negotiations shall be conducted by executives who hold, at a minimum, the title of Senior Vice President and who have authority to settle the Dispute. All such negotiations shall be confidential and shall be treated as
compromise and settlement negotiations for purposes of applicable rules of evidence. If the Parties are unable for any reason to resolve a Dispute within thirty (30)-days of receipt of the Officer Negotiation Request, and such thirty (30)-day period is not extended by mutual written consent of the Parties, the Chief Executive Officers of the Parties shall enter into good-faith negotiations in accordance with
Section 8.2. 
 8.2 Good-Faith Negotiation. If any Dispute is not resolved pursuant to
Section 8.1, the Party that delivered the Officer Negotiation Request shall provide written notice of such Dispute to the Chief Executive Officer of each Party (a “CEO Negotiation Request”). As soon as
reasonably practicable following receipt of a CEO Negotiation Request, the Chief Executive Officers of the Parties shall begin conducting good-faith negotiations with respect to such Dispute. All such negotiations shall be confidential and shall be
treated as compromise and settlement negotiations for purposes of applicable rules of evidence. If the Chief Executive Officers of the Parties are unable for any reason to resolve a Dispute within thirty (30)-days of receipt of a CEO Negotiation
Request, and such thirty (30)-day period is not extended by mutual written consent of the Parties, the Dispute shall be submitted to arbitration in accordance with Section 8.3. 

8.3 Arbitration. 
 (a) In
the event that a Dispute has not been resolved within thirty (30) days of the receipt of a CEO Negotiation Request in accordance with Section 8.2, or within such longer period as the Parties may agree to in writing,
then such Dispute shall, upon the written request of a Party (the “Arbitration Request”) be submitted to be finally resolved by binding arbitration in accordance with the then-current JAMS Comprehensive Arbitration Rules and
Procedures (“JAMS Rules”), except as modified herein. The arbitration shall be held in (i) San Francisco, California, or (ii) such other place as the Parties may mutually agree in writing. Unless otherwise agreed by the
Parties in writing, any Dispute to be decided pursuant to this Section 8.3 will be decided (i) before a sole arbitrator if the amount in dispute, inclusive of all claims and counterclaims, totals less than
$3 million; or (ii) by a panel of three (3) arbitrators if the amount in dispute, inclusive of all claims and counterclaims, totals $3 million or more. 

  
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 (b) The panel of three (3) arbitrators will be chosen as follows: (i) within
thirty (30) days from the date of the receipt of the Arbitration Request, each Party will name an arbitrator; and (ii) the two (2) Party-appointed arbitrators will thereafter, within thirty (30) days from the date on which the
second of the two (2) arbitrators was named, name a third independent arbitrator who will act as chairperson of the arbitral tribunal. In the event that either Party fails to name an arbitrator within thirty (30) days from the date of
receipt of the Arbitration Request, then upon written application by either Party, that arbitrator shall be appointed pursuant to the JAMS Rules. In the event that the two (2) Party-appointed arbitrators fail to appoint the third, then the
third independent arbitrator will be appointed pursuant to the JAMS Rules. If the arbitration will be before a sole independent arbitrator, then the sole independent arbitrator will be appointed by agreement of the Parties within thirty
(30) days of the date of receipt of the Arbitration Request. If the Parties cannot agree to a sole independent arbitrator during such thirty (30) day period, then upon written application by either party, the sole independent arbitrator
will be appointed pursuant to the JAMS Rules. 
 (c) The arbitrator(s) will have the right to award, on an interim basis, or include in the
final award, any relief which it deems proper in the circumstances, including money damages (with interest on unpaid amounts from the due date), injunctive relief (including specific performance) and attorneys’ fees and costs; provided,
that the arbitrator(s) will not award any relief not specifically requested by the Parties and, in any event, will not award any indirect, punitive, exemplary, remote, speculative or similar damages in excess of compensatory damages of the other
arising in connection with the transactions contemplated hereby (other than any such Liability with respect to a Third-Party Claim). Upon selection of the arbitrator(s) following any grant of interim relief by a special arbitrator or court pursuant
to Section 8.4, the arbitrator(s) may affirm or disaffirm that relief, and the Parties will seek modification or rescission of the order entered by the court as necessary to accord with the decision of the arbitrator(s).
The award of the arbitrator(s) shall be final and binding on the Parties, and may be enforced in any court of competent jurisdiction. The initiation of arbitration pursuant to this Article VIII will toll the applicable statute of limitations
for the duration of any such proceedings. 
 8.4 Litigation and Unilateral Commencement of Arbitration. Notwithstanding the
foregoing provisions of this Article VIII, (a) a Party may seek preliminary provisional or injunctive judicial relief with respect to a Dispute without first complying with the procedures set forth in
Section 8.1, Section 8.2 and Section 8.3 if such action is reasonably necessary to avoid irreparable damage and (b) either Party may initiate arbitration before the
expiration of the periods specified in Section 8.1, Section 8.2 and/or Section 8.3 if such Party has submitted an Officer Negotiation Request, a CEO Negotiation Request
and/or an Arbitration Request and the other Party has failed to comply with Section 8.1, Section 8.2 and/or Section 8.3 in good faith with respect to such negotiation
and/or the commencement and engagement in arbitration. In such event, the other Party may commence and prosecute such arbitration unilaterally in accordance with the JAMS Rules. 

8.5 Conduct During Dispute Resolution Process. Unless otherwise agreed in writing, the Parties shall, and shall cause the respective
members of their Groups to, continue to honor all commitments under this Agreement and each Ancillary Agreement to the extent required by such agreements during the course of dispute resolution pursuant to the provisions of this Article VIII,
unless such commitments are the specific subject of the Dispute at issue. 

  
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 ARTICLE IX 

FURTHER ASSURANCES AND ADDITIONAL COVENANTS 

9.1 Further Assurances(a) . In addition to the actions specifically provided for elsewhere in this Agreement, each of the Parties shall
use its reasonable best efforts, prior to, on and after the Separation Time, to take, or cause to be taken, all actions, and to do, or cause to be done, all things, reasonably necessary, proper or advisable under applicable Laws, regulations and
agreements to consummate and make effective the transactions contemplated by this Agreement and the Ancillary Agreements. 
 (b) Without
limiting the foregoing, prior to, on and after the Separation Time, each Party hereto shall cooperate with the other Party, and without any further consideration, but at the expense of the requesting Party, to execute and deliver, or use its
reasonable best efforts to cause to be executed and delivered, all instruments, including instruments of conveyance, assignment and transfer, and to make all filings with, and to obtain all Approvals or Notifications of, any Governmental Authority
or any other Person under any permit, license, agreement, indenture or other instrument (including any consents or Governmental Approvals), and to take all such other actions as such Party may reasonably be requested to take by the other Party from
time to time, consistent with the terms of this Agreement and the Ancillary Agreements, in order to effectuate the provisions and purposes of this Agreement and the Ancillary Agreements and the transfers of the Arlo Assets and the Parent Assets and
the assignment and assumption of the Arlo Liabilities and the Parent Liabilities and the other transactions contemplated hereby and thereby. Without limiting the foregoing, each Party will, at the reasonable request, cost and expense of the other
Party, take such other actions as may be reasonably necessary to vest in such other Party good and marketable title to the Assets allocated to such Party under this Agreement or any of the Ancillary Agreements, free and clear of any Security
Interest, if and to the extent it is practicable to do so. 
 (c) At or prior to the Separation Time, Parent and Arlo, in their respective
capacities as direct and indirect stockholders of the members of their Groups, shall each ratify any actions which are reasonably necessary or desirable to be taken by Parent, Arlo or any of the members of their respective Groups, as the case may
be, to effectuate the transactions contemplated by this Agreement and the Ancillary Agreements. 
 ARTICLE X 

TERMINATION 
 10.1
Termination by Mutual Consent. This Agreement and all Ancillary Agreements may be terminated, and the terms and conditions of the Distribution may be amended, modified or abandoned at any time prior to the Distribution Date by the
mutual consent of Parent and Arlo. 
 10.2 Other Termination. 

(a) This Agreement and all Ancillary Agreements may be terminated by Parent at any time, in its sole discretion, prior to the IPO Closing Date.

  
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 (b) The obligations of the parties under Article IV (including the obligation to
pursue or effect the Distribution) may be terminated by Parent at any time for any reason, including if, at any time, the Parent Board determines, in its sole discretion, that the Distribution is not in the best interests of Parent or its
stockholders. 
 10.3 Effect of Termination. 

(a) In the event of any termination of this Agreement prior to the IPO Closing Date, no Party (nor any of its directors, officers or employees)
shall have any Liability or further obligation to the other Party by reason of this Agreement. 
 (b) In the event of any termination of this
Agreement on or after the IPO Closing Date, only the provisions of Article IV and Section 10.2 will terminate, and the other provisions of this Agreement and each Ancillary Agreement shall remain in full force and
effect. 
 ARTICLE XI 

MISCELLANEOUS 
 11.1
Counterparts; Entire Agreement; Corporate Power. 
 (a) This Agreement and each Ancillary Agreement may be executed in one or more
counterparts, all of which shall be considered one and the same agreement, and shall become effective when one or more counterparts have been signed by each of the Parties and delivered to the other Party. 

(b) This Agreement, the Ancillary Agreements and the Exhibits, Schedules and appendices hereto and thereto contain the entire agreement between
the Parties with respect to the subject matter hereof, supersede all previous agreements, negotiations, discussions, writings, understandings, commitments and conversations with respect to such subject matter, and there are no agreements or
understandings between the Parties other than those set forth or referred to herein or therein. This Agreement and the Ancillary Agreements together govern the arrangements in connection with the Separation, the IPO and Distribution and would not
have been entered independently. 
 (c) Parent represents on behalf of itself and each other member of the Parent Group, and Arlo represents
on behalf of itself and each other member of the Arlo Group, as follows: 
 (i) each such Person has the requisite corporate
or other power and authority and has taken all corporate or other action necessary in order to execute, deliver and perform this Agreement and each Ancillary Agreement to which it is a party and to consummate the transactions contemplated hereby and
thereby; and 
 (ii) this Agreement and each Ancillary Agreement to which it is a party has been duly executed and delivered
by it and constitutes a valid and binding agreement of it enforceable in accordance with the terms thereof. 

  
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 (d) Each Party acknowledges that it and each other Party is executing certain of the
Ancillary Agreements by facsimile, stamp or mechanical signature, and that delivery of an executed counterpart of a signature page to this Agreement or any Ancillary Agreement (whether executed by manual, stamp or mechanical signature) by
facsimile or by e-mail in portable document format (PDF) shall be effective as delivery of such executed counterpart of this Agreement or any Ancillary Agreement. Each Party expressly adopts and confirms each
such facsimile, stamp or mechanical signature (regardless of whether delivered in person, by mail, by courier, by facsimile or by e-mail in portable document format (PDF)) made in its respective name as if it
were a manual signature delivered in person, agrees that it will not assert that any such signature or delivery is not adequate to bind such Party to the same extent as if it were signed manually and delivered in person and agrees that, at the
reasonable request of the other Party at any time, it will as promptly as reasonably practicable cause each such Ancillary Agreement to be manually executed (any such execution to be as of the date of the initial date thereof) and delivered in
person, by mail or by courier. 
 11.2 Governing Law. This Agreement and, unless expressly provided therein, each Ancillary Agreement
(and any claims or disputes arising out of or related hereto or thereto or to the transactions contemplated hereby and thereby or to the inducement of any party to enter herein and therein, whether for breach of contract, tortious conduct or
otherwise and whether predicated on common law, statute or otherwise) shall be governed by and construed and interpreted in accordance with the Laws of the State of Delaware irrespective of the choice of laws principles of the State of Delaware
including all matters of validity, construction, effect, enforceability, performance and remedies. 
 11.3 Assignability. Except as
set forth in any Ancillary Agreement, this Agreement and each Ancillary Agreement shall be binding upon and inure to the benefit of the Parties and the parties thereto, respectively, and their respective successors and permitted assigns;
provided, however, that neither Party nor any such party thereto may assign its rights or delegate its obligations under this Agreement or any Ancillary Agreement without the express prior written consent of the other Party hereto or
other parties thereto, as applicable. Notwithstanding the foregoing, no such consent shall be required for the assignment of a party’s rights and obligations under this Agreement and the Ancillary Agreements (except as may be otherwise provided
in any such Ancillary Agreement) in whole (i.e., the assignment of a party’s rights and obligations under this Agreement and all Ancillary Agreements all at the same time) in connection with a Change of Control of a Party so long as the
resulting, surviving or transferee Person assumes all the obligations of the relevant party thereto by operation of Law or pursuant to an agreement in form and substance reasonably satisfactory to the other Party. 

11.4 Third-Party Beneficiaries. Except for the indemnification rights under this Agreement and each Ancillary Agreement of any Parent
Indemnitee or Arlo Indemnitee in their respective capacities as such, (a) the provisions of this Agreement and each Ancillary Agreement are solely for the benefit of the Parties and are not intended to confer upon any Person except the Parties
any rights or remedies hereunder, and (b) there are no third-party beneficiaries of this Agreement or any Ancillary Agreement and neither this Agreement nor any Ancillary Agreement shall provide any third person with any remedy, claim,
Liability, reimbursement, claim of action or other right in excess of those existing without reference to this Agreement or any Ancillary Agreement. 

  
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 11.5 Notices. All notices, requests, claims, demands or other communications under
this Agreement and, to the extent, applicable and unless otherwise provided therein, under each of the Ancillary Agreements shall be in writing and shall be given or made (and shall be deemed to have been duly given or made upon receipt) by delivery
in person, by overnight courier service, or by facsimile with receipt confirmed, to the respective Parties at the following addresses (or at such other address for a Party as shall be specified in a notice given in accordance with this
Section 11.5): 
 If to Parent (prior to, on or after the Separation Time), to: 

NETGEAR, Inc. 
 350 E. Plumeria
Drive 
 San Jose, California 95134 

Attention: General Counsel 
 E-mail: legal@netgear.com 
 with a copy to: 

Wachtell, Lipton, Rosen & Katz 

51 West 52nd Street 
 New York,
New York 10019 
 Attention: David C. Karp 

                 Ronald C. Chen 

Facsimile: (212) 403-2000 

If to Arlo (prior to, on or after the Separation Time), to: 

Arlo Technologies, Inc. 
 2200
Faraday Avenue, Suite 150 
 Carlsbad, California 92008 

Attention: General Counsel 
 E-mail:legal@arlo.com 
 with a copy to: 

Wachtell, Lipton, Rosen & Katz 

51 West 52nd Street 
 New York,
New York 10019 
 Attention: David C. Karp 

                 Ronald C. Chen 

Facsimile: (212) 403-2000 

A Party may, by notice to the other Party, change the address to which such notices are to be given. 

  
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 11.6 Severability. If any provision of this Agreement or any Ancillary Agreement or
the application thereof to any Person or circumstance is determined by a court of competent jurisdiction to be invalid, void or unenforceable, the remaining provisions hereof or thereof, or the application of such provision to Persons or
circumstances or in jurisdictions other than those as to which it has been held invalid or unenforceable, shall remain in full force and effect and shall in no way be affected, impaired or invalidated thereby. Upon such determination, the Parties
shall negotiate in good faith in an effort to agree upon such a suitable and equitable provision to effect the original intent of the Parties. 

11.7 Force Majeure. No Party shall be deemed in default of this Agreement or, unless otherwise expressly provided therein, any
Ancillary Agreement for any delay or failure to fulfill any obligation (other than a payment obligation) hereunder or thereunder so long as and to the extent to which any delay or failure in the fulfillment of such obligation is prevented,
frustrated, hindered or delayed as a consequence of circumstances of Force Majeure. In the event of any such excused delay, the time for performance of such obligations (other than a payment obligation) shall be extended for a period equal to the
time lost by reason of the delay. A Party claiming the benefit of this provision shall, as soon as reasonably practicable after the occurrence of any such event, (a) provide written notice to the other Party of the nature and extent of any such
Force Majeure condition; and (b) use commercially reasonable efforts to remove any such causes and resume performance under this Agreement and the Ancillary Agreements, as applicable, as soon as reasonably practicable. 

11.8 No Set-Off. Except as expressly set forth in any Ancillary Agreement or as otherwise
mutually agreed to in writing by the Parties, neither Party nor any member of such Party’s Group shall have any right of set-off or other similar rights with respect to (a) any amounts received
pursuant to this Agreement or any Ancillary Agreement; or (b) any other amounts claimed to be owed to the other Party or any member of its Group arising out of this Agreement or any Ancillary Agreement. 

11.9 Expenses. Except as otherwise expressly set forth in this Agreement or any Ancillary Agreement, or as otherwise agreed to in
writing by the Parties, all fees, costs and expenses incurred at or prior to the Separation Time in connection with the preparation, execution, delivery and implementation of this Agreement, including the Separation, the IPO and the Distribution,
and any Ancillary Agreement, the IPO Registration Statement, the Plan of Reorganization and the consummation of the transactions contemplated hereby and thereby will be borne by the Party or its applicable Subsidiary incurring such fees, costs or
expenses. The Parties agree that certain specified costs and expenses shall be allocated between the Parties, and borne and be the responsibility of the applicable Party, as set forth on Schedule 11.9. 

11.10 Headings. The article, section and paragraph headings contained in this Agreement and in the Ancillary Agreements are for
reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement or any Ancillary Agreement. 
 11.11
Survival of Covenants. Except as expressly set forth in this Agreement or any Ancillary Agreement, the covenants, representations and warranties contained in this Agreement and each Ancillary Agreement, and Liability for the breach of any
obligations contained herein, shall survive the Separation, the IPO and the Distribution and shall remain in full force and effect. 

  
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 11.12 Waivers of Default. Waiver by a Party of any default by the other Party of any
provision of this Agreement or any Ancillary Agreement shall not be deemed a waiver by the waiving Party of any subsequent or other default, nor shall it prejudice the rights of the other Party. No failure or delay by a Party in exercising any
right, power or privilege under this Agreement or any Ancillary Agreement shall operate as a waiver thereof, nor shall a single or partial exercise thereof prejudice any other or further exercise thereof or the exercise of any other right, power or
privilege. 
 11.13 Specific Performance. Subject to the provisions of Article VIII, in the event of any actual or threatened
default in, or breach of, any of the terms, conditions and provisions of this Agreement or any Ancillary Agreement, the Party or Parties who are, or are to be, thereby aggrieved shall have the right to specific performance and injunctive or other
equitable relief in respect of its or their rights under this Agreement or such Ancillary Agreement, in addition to any and all other rights and remedies at law or in equity, and all such rights and remedies shall be cumulative. The Parties agree
that the remedies at law for any breach or threatened breach, including monetary damages, are inadequate compensation for any loss and that any defense in any Action for specific performance that a remedy at law would be adequate is waived. Any
requirements for the securing or posting of any bond with such remedy are waived by each of the Parties. 
 11.14 Amendments. No
provisions of this Agreement or any Ancillary Agreement shall be deemed waived, amended, supplemented or modified by a Party, unless such waiver, amendment, supplement or modification is in writing and signed by the authorized representative of the
Party against whom it is sought to enforce such waiver, amendment, supplement or modification. 
 11.15 Interpretation. In this
Agreement and any Ancillary Agreement, (a) words in the singular shall be deemed to include the plural and vice versa and words of one gender shall be deemed to include the other genders as the context requires; (b) the terms
“hereof,” “herein,” and “herewith” and words of similar import shall, unless otherwise stated, be construed to refer to this Agreement (or the applicable Ancillary Agreement) as a whole (including all of the Schedules,
Exhibits and Appendices hereto and thereto) and not to any particular provision of this Agreement (or such Ancillary Agreement); (c) Article, Section, Schedule, Exhibit and Appendix references are to the Articles, Sections, Schedules, Exhibits and
Appendices to this Agreement (or the applicable Ancillary Agreement) unless otherwise specified; (d) unless otherwise stated, all references to any agreement (including this Agreement and each Ancillary Agreement) shall be deemed to include the
exhibits, schedules and annexes (including all Schedules, Exhibits and Appendixes) to such agreement; (e) the word “including” and words of similar import when used in this Agreement (or the applicable Ancillary Agreement) shall mean
“including, without limitation,” unless otherwise specified; (f) the word “or” shall not be exclusive; (g) unless otherwise specified in a particular case, the word “days” refers to calendar days;
(h) references herein to this Agreement or any other agreement contemplated herein shall be deemed to refer to this Agreement or such other agreement as of the date on which it is executed and as it may be amended, modified or supplemented
thereafter, unless otherwise specified; and (i) unless expressly stated to the contrary in this Agreement or in any Ancillary Agreement, all references to “the date hereof,” “the date of this Agreement,” “hereby”
and “hereupon” and words of similar import shall all be references to August 2, 2018. 

  
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 11.16 Limitations of Liability. Notwithstanding anything in this Agreement to the
contrary, neither Arlo or any member of the Arlo Group, on the one hand, nor Parent or any member of the Parent Group, on the other hand, shall be liable under this Agreement to the other for any special, indirect, punitive, exemplary, remote,
speculative or similar damages in excess of compensatory damages of the other arising in connection with the transactions contemplated hereby (other than any such Liability with respect to a Third-Party Claim). 

11.17 Performance. Parent will cause to be performed, and hereby guarantees the performance of, all actions, agreements and obligations
set forth in this Agreement or in any Ancillary Agreement to be performed by any member of the Parent Group. Arlo will cause to be performed, and hereby guarantees the performance of, all actions, agreements and obligations set forth in this
Agreement or in any Ancillary Agreement to be performed by any member of the Arlo Group. Each Party (including its permitted successors and assigns) further agrees that it will (a) give timely notice of the terms, conditions and continuing
obligations contained in this Agreement and any applicable Ancillary Agreement to all of the other members of its Group and (b) cause all of the other members of its Group not to take any action or fail to take any such action inconsistent with
such Party’s obligations under this Agreement, any Ancillary Agreement or the transactions contemplated hereby or thereby. 
 11.18
Mutual Drafting. This Agreement and the Ancillary Agreements shall be deemed to be the joint work product of the Parties and any rule of construction that a document shall be interpreted or construed against a drafter of such document shall
not be applicable. 
 [Remainder of page intentionally left blank] 

  
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 IN WITNESS WHEREOF, the Parties have caused this Master Separation Agreement to be executed
by their duly authorized representatives as of the date first written above. 
  

			
	NETGEAR, INC
		
	By:	 	/s/ Patrick C.S. Lo
		 	Name: Patrick C.S. Lo
		 	Title: Chairman and Chief Executive Officer

  

			
	ARLO TECHNOLOGIES, INC.
		
	By:	 	/s/ Brian Busse
		 	Name: Brian Busse
		 	Title: General Counsel

  
 [Signature Page to
Master Separation Agreement]EX-10.2

 Exhibit 10.2 

EXECUTION VERSION 

TRANSITION SERVICES AGREEMENT 

BY AND BETWEEN 
 NETGEAR, INC.

 AND 
 ARLO TECHNOLOGIES, INC.

  
  

Dated as of August 2, 2018 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 ARTICLE I DEFINITIONS
	  	 	1	 
		
	 ARTICLE II SERVICES, DURATION AND SERVICES MANAGERS
	  	 	4	 
			
	 2.1
	 	Services	  	 	4	 
	 2.2
	 	Duration of Services	  	 	4	 
	 2.3
	 	Additional Unspecified Services	  	 	4	 
	 2.4
	 	New Services	  	 	5	 
	 2.5
	 	Services Not Included	  	 	6	 
	 2.6
	 	Transition Services Managers	  	 	6	 
	 2.7
	 	Personnel	  	 	7	 
	 2.8
	 	Local Agreements	  	 	8	 
	 2.9
	 	Intellectual Property	  	 	8	 
		
	 ARTICLE III ADDITIONAL ARRANGEMENTS
	  	 	9	 
			
	 3.1
	 	Software and Software Licenses	  	 	9	 
	 3.2
	 	Parent Computer-Based and Other Resources	  	 	10	 
	 3.3
	 	Access to Facilities	  	 	10	 
	 3.4
	 	Cooperation	  	 	10	 
	 3.5
	 	Data Protection	  	 	11	 
		
	 ARTICLE IV COSTS AND DISBURSEMENTS
	  	 	12	 
			
	 4.1
	 	Costs and Disbursements	  	 	12	 
	 4.2
	 	Tax Matters	  	 	14	 
		
	 ARTICLE V STANDARD FOR SERVICE
	  	 	15	 
			
	 5.1
	 	Standard for Service	  	 	15	 
	 5.2
	 	Disclaimer of Warranties	  	 	15	 
	 5.3
	 	Compliance with Laws and Regulations	  	 	16	 
		
	 ARTICLE VI LIMITED LIABILITY AND INDEMNIFICATION
	  	 	16	 
			
	 6.1
	 	Consequential and Other Damages	  	 	16	 
	 6.2
	 	Limitation of Liability	  	 	16	 
	 6.3
	 	Obligation to Re-perform; Liabilities	  	 	16	 
	 6.4
	 	Release and Recipient Indemnity	  	 	17	 
	 6.5
	 	Provider Indemnity	  	 	17	 
	 6.6
	 	Indemnification Procedures	  	 	17	 
	 6.7
	 	Liability for Payment Obligations	  	 	17	 
	 6.8
	 	Exclusion of Other Remedies	  	 	17	 
	 6.9
	 	Confirmation	  	 	17	 
		
	 ARTICLE VII TERM AND TERMINATION
	  	 	17	 
			
	 7.1
	 	Term and Termination	  	 	17	 
	 7.2
	 	Effect of Termination	  	 	19	 
	 7.3
	 	Force Majeure	  	 	19	 

  
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	 ARTICLE VIII DISPUTE RESOLUTION
	  	 	20	 
			
	 8.1
	 	Dispute Resolution	  	 	20	 
		
	 ARTICLE IX GENERAL PROVISIONS
	  	 	20	 
			
	 9.1
	 	No Agency	  	 	20	 
	 9.2
	 	Subcontractors	  	 	20	 
	 9.3
	 	Treatment of Confidential Information	  	 	21	 
	 9.4
	 	Further Assurances	  	 	22	 
	 9.5
	 	Notices	  	 	22	 
	 9.6
	 	Severability	  	 	23	 
	 9.7
	 	Entire Agreement	  	 	23	 
	 9.8
	 	No Third-Party Beneficiaries	  	 	23	 
	 9.9
	 	Governing Law	  	 	23	 
	 9.10
	 	Amendment	  	 	23	 
	 9.11
	 	Rules of Construction	  	 	23	 
	 9.12
	 	Counterparts	  	 	24	 
	 9.13
	 	Assignability	  	 	24	 
	 9.14
	 	Non-Recourse	  	 	24	 
	 9.15
	 	Mutual Drafting	  	 	24	 
		
	 SCHEDULE A Parent Services
	  	 	A-1	 
	 SCHEDULE B Arlo Services
	  	 	B-1	 
	 EXHIBIT I Services Managers
	  	 	I-1	 

  
 -ii- 

 TRANSITION SERVICES AGREEMENT 

This TRANSITION SERVICES AGREEMENT, dated as of August 2, 2018 (this “Agreement”), is by and between NETGEAR, Inc., a
Delaware corporation (“Parent”), and Arlo Technologies, Inc., a Delaware corporation (“Arlo”). Unless otherwise defined in this Agreement, all capitalized terms used in this Agreement shall have the meaning set
forth in the Master Separation Agreement, dated as of the date hereof, by and between Parent and Arlo (as amended, modified or supplemented from time to time in accordance with its terms, the “Separation Agreement”). 

R E C I T A L S 
 WHEREAS, Arlo
is presently a wholly owned subsidiary of Parent; 
 WHEREAS, Parent currently intends to cause Arlo to issue shares of Arlo Common Stock in
an initial public offering (the “IPO”), immediately following which Parent will own at least 80.1% of the outstanding shares of Arlo Common Stock; 

WHEREAS, Parent currently intends that, after the IPO, Parent shall distribute the outstanding shares of Arlo Common Stock then owned by
Parent to holders of shares of the Parent Common Stock (the “Distribution”); 
 WHEREAS, prior to the IPO, Parent has
heretofore provided certain services to Arlo, and Arlo has provided certain services to Parent; 
 WHEREAS, Arlo has requested from Parent,
and Parent has requested from Arlo, that certain such services continue for a limited period of time pursuant to this Agreement; 
 WHEREAS,
Parent and Arlo have entered into the Separation Agreement; 
 WHEREAS, in order to facilitate and provide for an orderly transition under
the Separation Agreement, the Parties desire to enter into this Agreement to set forth the terms and conditions pursuant to which each of the Parties shall provide to the other the Services (as defined herein) for a transitional period; and 

WHEREAS, the Separation Agreement requires execution and delivery of this Agreement by Parent and Arlo at or prior to the Separation Time.

 NOW, THEREFORE, in consideration of the foregoing and the mutual agreements contained in this Agreement, the Parties, intending to be
legally bound, hereby agree as follows: 
 ARTICLE I 

DEFINITIONS 
 The following
capitalized terms used in this Agreement shall have the meanings set forth below: 
 “Additional Services” shall have the
meaning set forth in Section 2.3(a). 

 “Agreement” shall have the meaning set forth in the Preamble. 

“Arlo” shall have the meaning set forth in the Preamble. 

“Arlo Business” shall have the meaning set forth in the Separation Agreement. 

“Arlo Change of Control” shall mean, with respect to Arlo, (a) a transaction whereby any Person or group (within the
meaning of Section 13(d)(3) of the Securities and Exchange Act of 1934, as amended) would acquire, directly or indirectly, voting securities representing more than fifty percent (50%) of the total voting power of Arlo; (b) a merger,
consolidation, recapitalization or reorganization of Arlo, unless securities representing more than fifty percent (50%) of the total voting power of the legal successor to Arlo as a result of such merger, consolidation, recapitalization or
reorganization are immediately thereafter beneficially owned, directly or indirectly, by the Persons who beneficially owned Arlo’s outstanding voting securities immediately prior to such transaction; or (c) the sale of all or substantially
all of the consolidated assets of the Arlo Group. For the avoidance of doubt, no transaction contemplated by the Separation Agreement shall be considered an Arlo Change of Control. 

“Arlo Group” shall have the meaning set forth in the Separation Agreement. 

“Arlo Local Service Manager” shall have the meaning set forth in Section 2.6(b). 

“Arlo Monthly Charges” shall have the meaning set forth in Section 4.1(d). 

“Arlo Services” shall have the meaning set forth in Section 2.1. 

“Arlo Services Manager” shall have the meaning set forth in Section 2.6(b). 

“Confidential Information” shall have the meaning set forth in Section 9.3(a). 

“Data Request” shall have the meaning set forth in Section 3.5(e). 

“Data Subject” shall have the meaning set forth in Section 3.5(a). 

“Dispute” shall have the meaning set forth in Section 8.1(a). 

“Distribution” shall have the meaning set forth in the Recitals. 

“Distribution Date” shall have the meaning set forth in the Separation Agreement. 

“Force Majeure” shall mean, with respect to a Party, an event beyond the control of such Party (or any Person acting on its
behalf), which event (a) does not arise or result from the fault or negligence of such Party (or any Person acting on its behalf) and (b) by its nature would not reasonably have been foreseen by such Party (or such Person), or, if it would
reasonably have been foreseen, was unavoidable, and includes acts of God, acts of civil or military authority, embargoes, epidemics, war, riots, insurrections, fires, explosions, earthquakes, floods, unusually severe weather conditions, labor
problems or unavailability of parts or, in the case of computer systems, any failure in electrical or air conditioning equipment. 

  
 -2- 

 “Interest Payment” shall have the meaning set forth in
Section 4.1(d). 
 “IPO” shall have the meaning set forth in the Recitals. 

“Local Agreement” shall have the meaning set forth in Section 2.8. 

“Net Monthly Charges” shall have the meaning set forth in Section 4.1(d). 

“New Services” shall have the meaning set forth in Section 2.4(a). 

“Non-Income Taxes” shall have the meaning set forth in
Section 4.2(a). 
 “Parent” shall have the meaning set forth in the Preamble. 

“Parent Business” shall mean the businesses and operations of the Parent Group other than the Arlo Business. 

“Parent Group” shall have the meaning set forth in the Separation Agreement. 

“Parent Local Service Manager” shall have the meaning set forth in Section 2.6(a). 

“Parent Monthly Charges” shall have the meaning set forth in Section 4.1(d). 

“Parent Services” shall have the meaning set forth in Section 2.1. 

“Parent Services Manager” shall have the meaning set forth in Section 2.6(a). 

“Parties” shall mean the parties to this Agreement. 

“Personal Data” shall have the meaning set forth in Section 3.5(a). 

“Privacy Authority” shall have the meaning set forth in Section 3.5(e). 

“Provider” shall mean the Party or its Subsidiary or Affiliate providing a Service under this Agreement. 

“Provider Indemnified Party” shall have the meaning set forth in Section 6.4. 

“Recipient” shall mean the Party or its Subsidiary or Affiliate to whom a Service under this Agreement is being provided.

 “Recipient Indemnified Party” shall have the meaning set forth in Section 6.5. 

“Reimbursement Charge(s)” shall have the meaning set forth in Section 4.1(c). 

“Schedule(s)” shall have the meaning set forth in Section 2.2. 

“Security Incident” shall have the meaning set forth in Section 3.5(h). 

  
 -3- 

 “Separation Agreement” shall have the meaning set forth in the Preamble.

 “Separation Time” shall have the meaning set forth in the Separation Agreement. 

“Service Charge(s)” shall have the meaning set forth in Section 4.1(a). 

“Service Extension” shall have the meaning set forth in Section 7.1(c). 

“Service Increases” shall have the meaning set forth in Section 2.3(b). 

“Services” shall have the meaning set forth in Section 2.1. 

“Taxes” shall have the meaning set forth in the Tax Matters Agreement. 

ARTICLE II 
 SERVICES, DURATION AND
SERVICES MANAGERS 
 2.1 Services. Subject to the terms and conditions of this Agreement, (a) Parent shall provide or cause to
be provided to the Arlo Group the services listed on Schedule A to this Agreement (the “Parent Services”) and (b) Arlo shall provide or cause to be provided to the Parent Group the services listed on Schedule B to
this Agreement (the “Arlo Services,” and, collectively with the Parent Services, any Additional Services, any Service Increases and any New Services, the “Services”). All of the Services shall be for the sole use
and benefit of the respective Recipient and its respective Party. 
 2.2 Duration of Services. Subject to the terms of this Agreement,
each of Parent and Arlo shall provide or cause to be provided to the respective Recipients each Service until the earlier to occur of, with respect to each such Service, (a) the expiration of the term for such Service (or, subject to the terms
of Section 7.1(c), the expiration of any Service Extension) as set forth on Schedule A or Schedule B (each a “Schedule,” and, collectively, the “Schedules”), (b) the date
on which such Service is terminated under Section 1.1(a), or (c) the date that is the twelve (12)-month anniversary of the Distribution Date; provided, that each Recipient shall use its commercially reasonable
efforts to transition itself to a stand-alone entity with respect to each Service during the period for such Service as set forth in the relevant Schedules; provided, further, to the extent that a Provider’s ability to provide a
Service is dependent on the continuation of either a Parent Service or an Arlo Service (and such dependence has been made known to the other Party), as the case may be, and the Provider’s ability to provide a particular Service in accordance
with this Agreement is materially and adversely affected by the termination of such supporting Parent Service or Arlo Service, as the case may be, then the Provider’s obligation to provide such dependent Service shall terminate automatically
with the termination of such supporting Parent Service or supporting Arlo Service, as the case may be. 
 2.3 Additional Unspecified
Services. (a) After the date of this Agreement, if Parent or Arlo (i) identifies a service that (x) the Parent Group provided to the Arlo Group prior to the Separation Time that Arlo reasonably needs in order for the Arlo Business
to continue to operate in substantially the same manner in which the Arlo Business operated prior to the Separation Time, and such service was not included on Schedule A (other than because the Parties expressly agreed that such service shall
not be provided), or (y) the Arlo Group provided to the Parent 

  
 -4- 

 
Group prior to the Separation Time that Parent reasonably needs in order for the Parent Business to continue to operate in substantially the same manner in which the Parent Business operated
prior to the Separation Time, and such service was not included on Schedule B (other than because the Parties expressly agreed that such service shall not be provided) and (ii) provides written notice to the other Party prior to the date
that is three (3) months following the Distribution Date requesting such additional services, then such other Party shall use its commercially reasonable efforts to provide such requested additional services (such requested additional services,
the “Additional Services”); provided, however, that no Party shall be obligated to provide any Additional Service if it does not, in its reasonable judgment, have adequate resources to provide such Additional Service
or if the provision of such Additional Service would significantly disrupt the operation of its businesses; and provided, further, that a Provider shall not be required to provide any Additional Services if the Parties, despite using
good faith efforts, are unable to reach agreement on the terms thereof (including with respect to Service Charges therefor). In connection with any request for Additional Services in accordance with this Section 2.3(a), the
Parent Services Manager and the Arlo Services Manager shall in good faith negotiate the terms of a supplement to the applicable Schedule, which terms shall be consistent with the terms of, and the pricing methodology used for, similar Services
provided under this Agreement. Upon the mutual written agreement of the Parties, the supplement to the applicable Schedule shall describe in reasonable detail the Service Charge and the nature, scope, service period(s), termination provisions and
other terms applicable to such Additional Services in a manner similar to that in which the Services are described in the existing Schedules. Each supplement to the applicable Schedule, as agreed in writing by the Parties, shall be deemed part of
this Agreement as of the date of such agreement, and the Additional Services set forth therein shall be deemed “Services” provided under this Agreement, in each case, subject to the terms and conditions of this Agreement. 

(b) After the date of this Agreement, if (i) a Recipient requests a Provider to increase, relative to historical levels prior to the
Separation Time, the volume, amount, level or frequency, as applicable, of any Service provided by such Provider of such Service and (ii) such increase is reasonably determined by such Recipient as necessary for such Recipient to operate its
businesses (such increases, the “Service Increases”), then such Provider shall consider such request in good faith; provided, however, that no Party shall be obligated to provide any Service Increase, including
because, after good-faith negotiations between the Parties, the Parties fail to reach an agreement with respect to the terms thereof (including with respect to Service Charges therefor). In connection with any request for Service Increases in
accordance with this Section 2.3(b), the Parent Services Manager and the Arlo Services Manager shall in good faith negotiate the terms of an amendment to the applicable Schedule, which amendment shall be consistent with the
terms of, and the pricing methodology used for, the applicable Service. Each amended Schedule, as agreed in writing by the Parties, shall be deemed part of this Agreement as of the date of such agreement, and the Service Increases set forth therein
shall be deemed a part of the “Services” provided under this Agreement, in each case, subject to the terms and conditions of this Agreement. 

2.4 New Services. (a) From time to time during the term of this Agreement, either Party may request the other Party to provide
additional or different services which such other Party is not expressly obligated to provide under this Agreement (excluding, for the avoidance of doubt, any Additional Services or Service Increases, the “New Services”). The Party
receiving 

  
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such request shall consider such request in good faith; provided, however, that no Party shall be obligated to provide any New Services, including because, after good-faith
negotiations between the Parties pursuant to Section 2.4(b), the Parties fail to reach an agreement with respect to the terms (including the Service Charges) applicable to the provision of such New Services. 

(b) In connection with any request for New Services in accordance with Section 2.4(a), the Parent Services Manager
and the Arlo Services Manager shall in good faith (i) negotiate the applicable Service Charge and the terms of a supplement to the applicable Schedule, which supplement shall describe in reasonable detail the Service Charge and the nature,
scope, service period(s), termination provisions and other terms applicable to such New Services and (ii) determine any costs and expenses, including any start-up costs and expenses, that would be
incurred by the Provider in connection with the provision of such New Services, which costs and expenses shall be borne solely by the Recipient. Each supplement to the applicable Schedule, as agreed in writing by the Parties, shall be deemed part of
this Agreement as of the date of such agreement, and the New Services set forth therein shall be deemed “Services” provided under this Agreement, in each case, subject to the terms and conditions of this Agreement. 

2.5 Services Not Included. It is not the intent of any Provider to render, nor of any Recipient to receive from any Provider,
professional advice or opinions, whether with regard to Tax, legal, treasury, finance, employment or other business or financial matters, technical advice, whether with regard to information technology or other matters, or the handling of or
addressing of environmental matters; no Recipient shall rely on, or construe, any Service rendered by or on behalf of a Provider as such professional advice or opinions or technical advice; and all Recipients shall seek all third-party professional
advice or opinions or technical advice as it may desire or need. 
 2.6 Transition Services Managers. (a) Parent hereby appoints
and designates the individual holding the Parent position set forth on Exhibit I to act as its initial services manager (the “Parent Services Manager”), who will be directly responsible for coordinating and managing the
delivery of the Parent Services and have authority to act on Parent’s behalf with respect to matters relating to the provision of Services under this Agreement. The Parent Services Manager will work with the personnel of the Parent Group to
periodically address issues and matters raised by Arlo relating to the provision of Services under this Agreement. Notwithstanding the requirements of Section 9.5, all communications from Arlo to Parent pursuant to this
Agreement regarding routine matters involving a Service shall be made first through the individual specified as the local service manager (the “Parent Local Service Manager”) with respect to such Service on Schedule A or such
other individual as may be specified by the Parent Services Manager in writing and delivered to Arlo by email or facsimile transmission with receipt confirmed; provided that, if the Parent Local Service Manager is not available, communication
shall thereafter be made through the Parent Services Manager. Parent shall notify Arlo of the appointment of a different Parent Services Manager or Parent Local Service Manager(s), if necessary, in accordance with
Section 9.5. 
 (b) Arlo hereby appoints and designates the individual holding the Arlo position set forth on
Exhibit I to act as its initial services manager (the “Arlo Services Manager”), who will be directly responsible for coordinating and managing the delivery of the Arlo Services and have authority to act on Arlo’s behalf
with respect to matters relating to this Agreement. The Arlo 

  
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Services Manager will work with the personnel of the Arlo Group to periodically address issues and matters raised by Parent relating to this Agreement. Notwithstanding the requirements of
Section 9.5, all communications from Parent to Arlo pursuant to this Agreement regarding routine matters involving a Service shall be made through the individual specified as the local service manager (the “Arlo
Local Service Manager”) with respect to such Service on Schedule B or as specified by the Arlo Services Manager in writing and delivered to Parent by email or facsimile transmission with receipt confirmed; provided that if the
Arlo Local Service Manager is not available, communication shall thereafter be made through the Arlo Services Manager. Arlo shall notify Parent of the appointment of a different Arlo Services Manager or Arlo Local Service Manager(s), if necessary,
in accordance with Section 9.5. 
 2.7 Personnel. (a) The Provider of any Service will make available
to the Recipient of such Service such appropriately qualified personnel as may be necessary to provide such Service, on the understanding that such personnel shall remain employed and/or engaged by the Provider. The Provider will have the right, in
its reasonable discretion, to (i) designate which personnel it will assign to perform such Service and (ii) remove and replace such personnel at any time; provided, however, that any such removal or replacement shall not be
the basis for any increase in any Service Charge or Reimbursement Charge payable hereunder or relieve the Provider of its obligation to provide any Service hereunder; and provided, further, that the Provider will use its commercially
reasonable efforts to limit the disruption to the Recipient in the transition of the Services to different personnel. 
 (b) In the event
that the provision of any Service by the applicable Provider requires the cooperation and services of the personnel of the Recipient, the applicable Recipient will make available to the Provider such personnel (who shall be appropriately qualified
for purposes of so supporting the provision of such Service by the Provider) as may be necessary for the Provider to provide such Service, on the understanding that such personnel shall remain employed and/or engaged by the Recipient. The Recipient
will have the right, in its reasonable discretion, to (i) designate which personnel it will make available to the Provider in connection with the provision of such Service and (ii) remove and replace such personnel at any time;
provided, however, that any directly resulting increase in costs to the Provider shall be borne by the Recipient and any directly resulting adverse effect to the provision of such Service by the Provider shall not be deemed a breach of
this Agreement; and provided, further, that the Recipient will use its commercially reasonable efforts to limit the disruption to the Provider in the transition of such personnel. 

(c) No Provider shall be liable under this Agreement for any Liabilities incurred by the Recipient Indemnified Parties that are primarily
attributable to, or that are primarily a consequence of, any actions or inactions of the personnel of the Recipient, except for any such actions or inactions undertaken pursuant to the direction of the Provider. 

(d) Nothing in this Agreement shall grant any Provider, or its employees or agents that are performing the Services, the right directly or
indirectly to control or direct the operations of the applicable Recipient or any member of its Group. Such employees and agents shall not be required to report to the management of the applicable Recipient, nor be deemed to be under the management
or direction of such Recipient. Each Recipient acknowledges and agrees that, except as may be expressly set forth herein as a Service (including any Additional Services, 

  
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Service Increases or New Services) or otherwise expressly set forth in the Separation Agreement, another Ancillary Agreement or any other applicable agreement, no Provider or any member of its
Group shall be obligated to provide, or cause to be provided, any service or goods to such Recipient or any member of its Group. 
 2.8
Local Agreements. Parent and Arlo each recognize and agree that there may be a need to document the Services provided hereunder in various countries from time to time or to otherwise modify the scope or nature of such Services to the extent
necessary to comply with applicable Law. If such an agreement is required by applicable Law, or if Parent and Arlo mutually determine it to be necessary or desirable, in order for a Provider to provide the Services in a particular country, Parent
and Arlo shall cause the applicable Providers and Recipients to enter into local implementing agreements in form and content reasonably acceptable to the Parties (each, a “Local Agreement”); provided, however, that the
execution or performance of any such Local Agreement shall in no way alter or modify any term or condition hereof nor the effect thereof. In accordance with Section 9.10, Parent and Arlo may from time to time agree in
writing to amend any terms of this Agreement, and in such cases such amendment will be deemed to amend the terms of all Local Agreements, except to the extent expressly provided to the contrary in the amendment to this Agreement. 

2.9 Intellectual Property. (a) This Agreement and the performance of the Services hereunder will not affect or result
in the transfer of any rights in or to, or the ownership of, any Technology or Intellectual Property Rights of the Provider or any of its Affiliates. The Parties do not contemplate that the performance of the Services will, except as may be
expressly set forth in the applicable Schedule, entail the development, delivery or, except as set forth in Section 2.9(b) and Section 2.9(c), the licensing of Intellectual Property Rights or
Technology for or to the other Party. Neither Party will gain, by virtue of this Agreement or the provision of the Services hereunder, by implication or otherwise, any rights of ownership or otherwise of any property, Technology or Intellectual
Property Rights owned by the other, except by separate written agreement. For the avoidance of doubt, nothing in this Agreement shall limit or modify the transfer of the rights in and to, the ownership of, or the licenses with respect to any
Technology or Intellectual Property Rights as set forth in the Separation Agreement, the License Agreement, or any other Ancillary Agreement. 

(b) Subject to Section 2.9(a), solely to the extent that in connection with receiving the benefit of any Service, the
Recipient provides the Provider with any Technology necessary to enable the Provider to provide such Service, the Recipient hereby grants to the Provider a non-exclusive, worldwide, non-transferable, non-sublicensable (except solely to the extent necessary for Provider to provide the Services, to Provider’s subcontractors), revocable, fully paid-up, royalty-free license under any Intellectual Property Rights of Recipient to use such Technology, solely during the term of the applicable Service, and for the sole and limited purpose of providing, and only
to the extent reasonably necessary for the provision of, such Service. 
 (c) Subject to Section 2.9(a), solely to
the extent that in connection with providing any Service, the Provider provides the Recipient with any Technology necessary to enable the Recipient to receive the benefit of such Service, the Provider hereby grants to the Recipient a limited, non-exclusive, non-transferable, non-sublicensable, revocable, fully paid-up, royalty-free
license under any Intellectual Property Rights of the Provider to use such Technology, solely during the term of the applicable Service, for the sole and limited purpose of receiving such Service, and only to the extent necessary for receipt of such
Service. 

  
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 ARTICLE III 

ADDITIONAL ARRANGEMENTS 
 3.1
Software and Software Licenses. (a) If and to the extent requested by Arlo, Parent shall use commercially reasonable efforts to assist Arlo in its efforts to obtain licenses (or other appropriate rights) to use, duplicate and distribute,
as necessary and applicable, certain computer software necessary for Parent to provide, and Arlo to receive, Parent Services; provided, however, that Parent shall not be required to pay any fees or other payments or incur any
obligations or liabilities to enable Arlo to obtain any such license or rights (except and to the extent that Arlo advances such fees or payments to Parent); provided, further, that Parent shall not be required to seek broader rights
or more favorable terms for Arlo than those applicable to Parent or Arlo, as the case may be, prior to the date of this Agreement or as may be applicable to Parent from time to time hereafter; provided, further, that Arlo shall bear
only those costs that relate solely and directly to obtaining such licenses (or other appropriate rights) in the ordinary course. The Parties acknowledge and agree that there can be no assurance that Parent’s efforts will be successful or that
Arlo will be able to obtain such licenses or rights on acceptable terms or at all, and, where Parent enjoys rights under any enterprise or site license or similar license, the Parties acknowledge that such license typically precludes partial
transfers or assignments or operation of a service bureau on behalf of unaffiliated entities. In the event that Arlo is unable to obtain such software licenses, the Parties shall work together using commercially reasonable efforts to obtain an
alternative software license to allow Parent to provide, and Arlo to receive, such Parent Services, and the Parties shall negotiate in good faith an amendment to the applicable Schedule to reflect any such new arrangement. 

(b) If and to the extent requested by Parent, Arlo shall use commercially reasonable efforts to assist Parent in its efforts to obtain licenses
(or other appropriate rights) to use, duplicate and distribute, as necessary and applicable, certain computer software necessary for Arlo to provide, and Parent to receive, Arlo Services; provided, however, that Arlo shall not be
required to pay any fees or other payments or incur any obligations or liabilities to enable Parent to obtain any such license or rights (except and to the extent that Parent advances such fees or payments to Arlo); provided, further,
that Arlo shall not be required to seek broader rights or more favorable terms for Parent than those applicable to Arlo or Parent, as the case may be, prior to the date of this Agreement or as may be applicable to Arlo from time to time hereafter;
and, provided, further, that Parent shall bear only those costs that relate solely and directly to obtaining such licenses (or other appropriate rights) in the ordinary course. The Parties acknowledge and agree that there can be no
assurance that Arlo’s efforts will be successful or that Parent will be able to obtain such licenses or rights on acceptable terms or at all, and, where Arlo enjoys rights under any enterprise or site license or similar license, the Parties
acknowledge that such license typically precludes partial transfers or assignments or operation of a service bureau on behalf of unaffiliated entities. In the event that Parent is unable to obtain such software licenses, the Parties shall work
together using commercially reasonable efforts to obtain an alternative software license to allow Arlo to provide, and Parent to receive, such Arlo Services, and the Parties shall negotiate in good faith an amendment to the applicable Schedule to
reflect any such new arrangement. 

  
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 (c) In the event that there are any costs associated with obtaining software licenses in
accordance with this Section 3.1 that (i) would not be payable in the ordinary course, including in the form of a “transfer fee” or other similar fees or expenses payable by a Recipient or a Provider and
(ii) would not have been payable by a Recipient or a Provider absent the need for a consent or waiver in connection with the license that such Recipient is seeking to obtain, such costs shall be borne by such Recipient. 

3.2 Parent Computer-Based and Other Resources. From and after the date of this Agreement, Arlo and its Affiliates shall cause all of
their personnel having access to the Parent Intranet or such other computer software, networks, hardware, technology or computer-based resources pursuant to this Agreement or any other Ancillary Agreement, or in connection with performance, receipt
or delivery of a Service, to comply with all security guidelines (including physical security, network access, internet security, confidentiality and personal data security guidelines) of Parent and its Affiliates. Arlo shall ensure that the access
contemplated by this Section 3.2 shall be used by such personnel only for the purposes contemplated by, and subject to the terms of, this Agreement. 

3.3 Access to Facilities. (a) Arlo shall, and shall cause its Subsidiaries to, allow Parent and its Representatives reasonable
access to the facilities of Arlo necessary for Parent to fulfill its obligations under this Agreement. 
 (b) Parent shall, and shall cause
its Subsidiaries to, allow Arlo and its Representatives reasonable access to the facilities of Parent necessary for Arlo to fulfill its obligations under this Agreement. 

(c) Notwithstanding the other rights of access of the Parties under this Agreement, each Party shall, and shall cause its Subsidiaries to,
afford the other Party, its Subsidiaries and Representatives, following not less than five (5) business days’ prior written notice from the other Party, reasonable access during normal business hours to the facilities, information,
systems, infrastructure and personnel of the relevant Providers as reasonably necessary for the other Party to verify the adequacy of internal controls over information technology, reporting of financial data and related processes employed in
connection with the Services, including in connection with verifying compliance with Section 404 of the Sarbanes-Oxley Act of 2002; provided, however, such access shall not unreasonably interfere with any of the business or
operations of such Party or its Subsidiaries. 
 (d) Except as otherwise permitted by the other Party in writing, each Party shall permit
only its authorized Representatives, contractors, invitees or licensees to access the other Party’s facilities. 
 3.4
Cooperation. It is understood that it will require the significant efforts of both Parties to implement this Agreement and to ensure performance of this Agreement by the Parties at the agreed-upon levels in accordance with all of the terms
and conditions of this Agreement. The Parties will cooperate, acting in good faith and using commercially reasonable efforts, to effect a smooth and orderly transition of the Services provided under this Agreement from the Provider to the Recipient
(including repairs and maintenance Services and the assignment or transfer of the rights and obligations under any third-party contracts relating to the Services); provided, however, that this Section 3.4
shall not require either Party to incur any out-of-pocket costs or expenses unless and except as expressly provided in this Agreement or otherwise agreed in writing by
the Parties. 

  
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 3.5 Data Protection. (a) For the purposes of this Agreement, (“Personal
Data”) means data relating to an identified or identifiable natural person (the “Data Subject”), whether on a stand-alone basis or when aggregated with other data, that is either (i) provided by the Recipient or any
Affiliate of the Recipient to the Provider or any Affiliate of the Provider under this Agreement or (ii) accessed and/or processed by the Provider or any Affiliate of the Provider on behalf of the Recipient or any Affiliate of the Recipient in
connection with this Agreement. 
 (b) The Parties agree that with respect to any Personal Data: (i) the Recipient is a data controller
(or equivalent term under applicable Law) and the Provider is acting only as a data processor (or equivalent term under applicable Law); (ii) the Provider shall only undertake processing of Personal Data to the extent reasonably necessary or
advisable to enable it to perform its obligations under this Agreement; and (iii) the Provider shall ensure that all personnel with access to or involved in the processing of Personal Data are bound by appropriate confidentiality obligations.

 (c) Unless otherwise required by applicable Law and subject to Section 3.5(c),
Section 3.5(d) and Section 3.5(f), the Provider will obtain the prior written approval of the Recipient to disclose Personal Data to, or allow access to Personal Data by, any third party (other
than employees, directors, officers, representatives, agents, subcontractors or professional advisers of the Provider as may be reasonably necessary or advisable to enable the Provider to perform its obligations under this Agreement) and, in such an
event, the Provider shall: (i) impose privacy and security requirements on any such third party which are the same in all material respects to those to which the Provider is subject under this Section 3.5; and
(ii) remain responsible for any such third party’s actions with respect to the Personal Data. 
 (d) If a Data Subject makes a
written request to the Provider or any Affiliate of the Provider for access to any relevant Personal Data, the Provider or its Affiliate (as applicable) shall promptly notify the Recipient of that request, and respond to that request in accordance
with the instructions of the Recipient. 
 (e) The Provider shall notify the Recipient promptly of any request, complaint, claim, or other
communication received by the Provider or any Affiliate of the Provider from any Governmental Authority (including a supervisory authority with responsibility for privacy or data protection (“Privacy Authority”) regarding Personal
Data (a “Data Request”), and shall only disclose any data in response to such Data Request if required to comply with applicable Law and only after providing prior written notice to the Recipient (unless such notice is prohibited by
applicable Law) to permit it to contest the Data Request; and cooperate with and assist the Recipient in responding to any such Data Request (including reasonable access to applicable systems, records and supporting documentation). 

  
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 (f) The Provider shall, and shall procure that its Affiliates involved in the provision of
the Services shall, maintain organizational, administrative, technical and physical safeguards that (i) provide for the confidentiality, security, integrity and availability of Personal Data; (ii) protect against unauthorized or unlawful access
to, processing of, accidental loss of, or destruction of, or damage to, Personal Data in accordance with applicable Law and at a level that is at least the same in all material respects as the level generally provided by the Provider and its
Affiliates to their own businesses. 
 (g) Neither the Provider nor any of its Affiliates may transfer any Personal Data outside of its own
country or territory without the prior written consent of the Recipient, unless the transfer is (i) pursuant to a statutory safe harbor or (ii) to an entity or country that provides the equivalent level of protection for that Personal Data
as to the Provider’s, or its relevant Affiliate’s, own country or territory. In addition, the Provider shall, upon the Recipient’s written request, promptly execute, and use reasonable best efforts to cause any Affiliate or third
party to which it discloses Personal Data or allows access to Personal Data to execute, supplemental data processing agreement(s) with the Recipient or any Affiliate of the Recipient, or take other appropriate steps to address cross-border transfer
and requirements if the Recipient concludes, in its sole, reasonable judgment, that such steps are reasonably necessary to address applicable data protection or privacy Laws concerning Personal Data. Such supplemental data processing agreement(s)
may include, without limitation, the European Commission Standard Contractual Clauses for the Transfer of Personal Data to Processors Established in Third Countries (2010/87/EU) and other data protection terms. To the extent that the Provider is
unable, using reasonable best efforts to cause any third party to which it discloses Personal Data or allows access to Personal Data, to execute supplemental data processing agreements with the Recipient or any Affiliate of the Recipient, the
Parties will cooperate in good faith to find an alternative approach to resolve the issue in a manner that meets, in the Recipient’s reasonable discretion, the Recipient’s obligations under applicable privacy and/or data protection Laws.

 (h) The Provider shall notify the Recipient promptly and in no event more than two (2) business days in the event that the Provider
or any Affiliate of the Provider discovers, reasonably suspects or is notified of unauthorized acquisition, disclosure or use of Personal Data (a “Security Incident”), and the Provider shall, or shall procure that its relevant
Affiliate shall, use commercially reasonable efforts to promptly contain the Security Incident to prevent any further harm, cooperate with the Recipient in the investigation of the Security Incident and take commercially reasonable efforts to
remediate any deficiencies or weaknesses in its security controls to prevent a recurrence of such Security Incident. The Recipient shall be responsible for notifying any such Security Incident to any relevant Privacy Authority or any affected Data
Subject. 
 ARTICLE IV 
 COSTS
AND DISBURSEMENTS 
 4.1 Costs and Disbursements. (a) Except as otherwise provided in this Agreement or in the Schedules to this
Agreement, a Recipient of Services (or its designee) shall pay to the Provider of such Services (or its designee) a monthly fee for the Services (or category of Services, as applicable) (each fee constituting a “Service Charge,”
and, collectively, “Service Charges”) as listed on the Schedules hereto. Except as otherwise set forth on the Schedules hereto, all Service Charges shall be exclusive of any Taxes (responsibility for which shall be governed by
Section 4.2). 

  
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 (b) During the term of this Agreement, the amount of a Service Charge for any Services (or
category of Services, as applicable) may increase to the extent of: (i) any increases mutually agreed to by the Parties, (ii) any Service Charges applicable to any Additional Services, Service Increases or New Services and
(iii) subject to the terms and conditions of this Agreement, any increase in the rates or charges imposed by any unaffiliated third-party provider that is providing Services. Together with any monthly invoice for Service Charges and
Reimbursement Charges, the Provider shall provide the Recipient with documentation to support the calculation of such Service Charges or any Reimbursement Charges. 

(c) Each Recipient shall reimburse the applicable Provider for reasonable unaffiliated third-party out-of-pocket costs and expenses incurred by such Provider or its Affiliates in connection with providing the Services (including necessary travel-related expenses) (each such cost or expense, a
“Reimbursement Charge,” and, collectively, “Reimbursement Charges”); provided, however, that any such cost or expense that is materially inconsistent with historical practice between the Parties for
any Service (including business travel and related expenses) shall require advance approval of the Recipient. Any authorized travel-related expenses incurred in performing the Services shall be incurred and charged to the applicable Recipient in
accordance with the applicable Provider’s then-applicable business travel policies made known to the Recipient. 
 (d) The Service
Charges and Reimbursement Charges due and payable hereunder shall be invoiced and paid in U.S. dollars, unless otherwise set forth on the Schedules hereto or unless the Parties otherwise agree. Except as otherwise agreed by the Parties, on a monthly
basis, Parent shall prepare an invoice for such fiscal month noting, in reasonable detail, (i) the Service Charges and Reimbursement Charges with respect to Parent Services (the “Parent Monthly Charges”), (ii) the Service
Charges and Reimbursement Charges with respect to Arlo Services (the “Arlo Monthly Charges”) and (iii) the Net Monthly Charges (as defined below). For purposes of this Agreement, the “Net Monthly Charges” shall
be the Parent Monthly Charges minus the Arlo Monthly Charges (which may be positive or negative). If the Net Monthly Charges is positive, the relevant Recipient that is a member of the Arlo Group (or its designee) shall pay the amount of the Net
Monthly Charges by wire transfer (or such other method of payment as may be agreed between the Parties) to the relevant Provider that is a member of the Parent Group (or its designee) within thirty (30) days of the receipt of each such invoice,
including appropriate documentation as described herein, as instructed by the applicable Provider. If the Net Monthly Charges is negative, the relevant Recipient that is a member of the Parent Group (or its designee) shall pay the amount of the Net
Monthly Charges by wire transfer (or such other method of payment as may be agreed between the Parties) to the relevant Provider that is a member of the Arlo Group (or its designee) within thirty (30) days of the receipt of each such invoice,
including appropriate documentation as described herein, as instructed by the applicable Provider. In the absence of a timely notice of billing dispute in accordance with the provisions of Article VIII of this Agreement, if the applicable
Recipient fails to pay such amount by the due date, the Recipient shall be obligated to pay to the Provider, in addition to the amount due, interest at an annual default interest rate of one percent (1%), or the maximum legal rate, whichever is
lower (the “Interest Payment”), accruing from the date the payment was due up to the date of actual payment. In the event of any billing dispute, the Recipient shall promptly pay any undisputed amount. Payments under this Agreement
shall be made without set-off or counterclaim, except as expressly set forth in this Agreement. 

  
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 (e) Subject to the confidentiality provisions set forth in
Section 9.3, each Party shall, and shall cause their respective Affiliates to, provide, upon ten (10) days’ prior written notice from the other Party, any information within such Party’s or its
Affiliates’ possession that the requesting Party reasonably requests in connection with any Services being provided to such requesting Party by an unaffiliated third-party provider, including any applicable invoices, agreements documenting the
arrangements between such third-party provider and the Provider and other supporting documentation; provided, however, that each Party shall make no more than one such request during any calendar month. 

4.2 Tax Matters. (a) Without limiting any provisions of this Agreement, the Recipient shall be responsible for and shall pay any
and all excise, sales, use, value-added, goods and services, transfer, stamp, documentary, filing, recordation and other similar Taxes, in each case, imposed or, payable with respect to, or assessed as a result of the provision of Services by the
Provider or any fees or charges (including any Service Charges) payable by the Recipient pursuant to this Agreement (collectively, “Non-Income Taxes”). The Party required to account for such Non-Income Tax shall provide to the other Party appropriate tax invoices and, if applicable, evidence of the remittance of the amount of such Non-Income Tax to the relevant
Governmental Authority. The Parties shall use commercially reasonable efforts to minimize Non-Income Taxes and obtain any refund, return, rebate or the like of any
Non-Income Tax, including by filing any necessary exemption or other similar forms, certificates or other similar documents, in each case, to the extent legally permissible. The Recipient shall promptly
reimburse the Provider for any unaffiliated third-party out-of-pocket costs incurred by the Provider or its Affiliates in connection with the Provider obtaining a refund
or credit of any Non-Income Tax for the benefit of the Recipient. For the avoidance of doubt, any net income-based Taxes imposed or assessed as a result of the provision of Services by the Provider shall be
borne exclusively by the Provider. 
 (b) Notwithstanding anything to the contrary set forth in this Agreement, the Recipient shall be
entitled to deduct and withhold from any payment to the Provider any such Taxes that the Recipient is required by any applicable Law to withhold. To the extent any amounts are so withheld, the Recipient shall timely pay when due such deducted and
withheld amounts to the proper Governmental Authority and promptly provide to the Provider evidence of such payment to such Governmental Authority. The Parties shall use commercially reasonable efforts to minimize withholding Taxes to the extent
legally permissible. 
 (c) If the Provider (i) receives any refund (whether by payment, offset, credit or otherwise) or
(ii) utilizes any overpayment, in each case, of Taxes that were borne by Recipient pursuant to this Agreement, then the Provider shall promptly pay, or cause to be paid, to the Recipient an amount equal to such refund or overpayment, net of any
additional Taxes payable by the Provider as a result of the receipt of such refund or such overpayment. 

  
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 ARTICLE V 

STANDARD FOR SERVICE 
 5.1
Standard for Service. 
 (a) The Provider agrees (i) to perform the Services with substantially the same nature, quality,
standard of care and service levels at which the same or similar services were performed by or on behalf of the Provider prior to the Separation Time or, if not so previously provided, then substantially similar to those which are applicable to
similar services provided to the Provider’s Affiliates or other business components; and (ii) upon receipt of written notice from the Recipient identifying any outage, interruption or other failure of any Service, to respond to such
outage, interruption or other failure of such Service in a manner that is substantially similar to the manner in which such Provider or its Affiliates responded to any outage, interruption or other failure of the same or similar services prior to
the Separation Time. The Parties acknowledge that an outage, interruption or other failure of any Service shall not be deemed to be a breach of the provisions of this Section 5.1 so long as the applicable Provider complies
with the foregoing clause (ii). 
 (b) Notwithstanding anything to the contrary set forth in this Agreement,
nothing in this Agreement shall require the Provider to perform or cause to be performed any Service to the extent the manner of such performance would constitute a violation of applicable Law or any existing contract or agreement with a third
party. If the Provider is or becomes aware of any restriction on the Provider by an existing contract with a third party that would restrict the nature, quality, standard of care or service levels applicable to delivery of the Services to be
provided by the Provider to the Recipient, the Provider shall use commercially reasonable efforts to promptly notify the Recipient of any such restriction. The Parties each agree to cooperate and use commercially reasonable efforts to obtain any
necessary third-party consents required under any existing contract or agreement with a third party to allow the Provider to perform or cause to be performed any Service in accordance with the standards set forth in this
Section 5.1. Any out-of-pocket costs and expenses incurred by either Party in connection with obtaining any such third-party consent that is
required to allow the Provider to perform or cause to be performed any Service shall be solely the responsibility of the Recipient. If, with respect to a Service, the Parties, despite the use of such commercially reasonable efforts, are unable to
obtain a required third-party consent, or the performance of such Service by the Provider would continue to constitute a violation of applicable Laws, the Provider shall use commercially reasonable efforts in good faith to provide such Services in a
manner as closely as possible to the standards described in this Section 5.1 that would apply absent the exception provided for in the first sentence of this Section 5.1(b). 

5.2 Disclaimer of Warranties. EXCEPT AS EXPRESSLY SET FORTH IN THIS AGREEMENT, THE PARTIES ACKNOWLEDGE AND AGREE THAT THE SERVICES ARE
PROVIDED AS-IS, THAT EACH RECIPIENT ASSUMES ALL RISKS AND LIABILITY ARISING FROM OR RELATING TO ITS USE OF AND RELIANCE UPON THE SERVICES, AND EACH PROVIDER, TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW,
MAKES NO REPRESENTATION OR WARRANTY WITH RESPECT THERETO. EXCEPT AS EXPRESSLY SET FORTH IN THIS AGREEMENT, TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, EACH PROVIDER HEREBY 

  
 -15- 

 
EXPRESSLY DISCLAIMS ALL REPRESENTATIONS AND WARRANTIES REGARDING THE SERVICES, WHETHER EXPRESS OR IMPLIED, EITHER IN FACT OR BY OPERATION OF LAW, BY STATUTE OR OTHERWISE, INCLUDING ANY
REPRESENTATION OR WARRANTY IN REGARD TO QUALITY, PERFORMANCE, NON-INFRINGEMENT, COMMERCIAL UTILITY, MERCHANTABILITY OR FITNESS OF ANY SERVICE FOR A PARTICULAR PURPOSE. 

5.3 Compliance with Laws and Regulations. Each Party shall be responsible for its own compliance and its subcontractors’ compliance
with any and all Laws applicable to its performance under this Agreement. No Party will knowingly take any action in violation of any such applicable Law that results in liability being imposed on the other Party. 

ARTICLE VI 
 LIMITED LIABILITY AND
INDEMNIFICATION 
 6.1 Consequential and Other Damages. Notwithstanding anything to the contrary set forth in the Separation
Agreement or this Agreement, the Provider shall not be liable to the Recipient or any of its Affiliates or Representatives, whether in contract, tort (including negligence and strict liability) or otherwise, at law or equity, for any special,
indirect, incidental, punitive or consequential damages whatsoever (including lost profits or damages calculated on multiples of earnings approaches), which in any way arise out of, relate to or are a consequence of, the performance or non-performance by the Provider (including any Affiliates and Representatives of the Provider and any unaffiliated third-party providers, in each case, providing the applicable Services) under this Agreement or the
provision of, or failure to provide, any Services under this Agreement, including with respect to loss of profits, business interruptions or claims of customers. 

6.2 Limitation of Liability. The Liabilities of each Provider and its Affiliates and Representatives, collectively, under this Agreement
for any act or failure to act in connection herewith (including the performance or breach of this Agreement), or from the sale, delivery, provision or use of any Services provided under or contemplated by this Agreement, whether in contract, tort
(including negligence and strict liability) or otherwise, at law or equity, shall not exceed the total aggregate Service Charges (excluding any Reimbursement Charges) actually paid to such Provider by the Recipient pursuant to this Agreement. 

6.3 Obligation to Re-perform; Liabilities. In the event of any breach of this Agreement by any
Provider with respect to the provision of any Services (with respect to which the Provider can reasonably be expected to re-perform in a commercially reasonable manner), the Provider shall (a) promptly
correct in all material respects such error, defect or breach or to perform again in all material respects such Services at the request of the Recipient and at the sole cost and expense of the Provider and (b) subject to the limitations set
forth in Section 6.1 and Section 6.2, reimburse the Recipient and its Affiliates and Representatives for Liabilities attributable to such breach by the Provider. The remedy set forth in this
Section 6.3 shall be the sole and exclusive remedy of the Recipient for any such breach of this Agreement. Any request for re-performance in accordance with this
Section 6.3 by the Recipient must be in writing and specify in reasonable detail the particular error, defect or breach, and such request must be made no more than one (1) month from the date such error, defect or
breach becomes apparent or should have reasonably become apparent to the Recipient. This Section 6.3 shall survive any termination of this Agreement. 

  
 -16- 

 6.4 Release and Recipient Indemnity. Subject to
Section 6.1, each Recipient hereby releases the applicable Provider and its Affiliates and Representatives (each, a “Provider Indemnified Party”), and each Recipient hereby agrees to indemnify, defend and
hold harmless each such Provider Indemnified Party from and against any and all Liabilities arising from, relating to or in connection with (a) the use of any Services by such Recipient or any of its Affiliates, Representatives or other Persons
using such Services or (b) the sale, delivery, provision or use of any Services provided under or contemplated by this Agreement, in the case of each of clauses (a) and (b), except to the extent that such Liabilities arise
out of, relate to or are a consequence of the applicable Provider Indemnified Party’s (i) gross negligence, bad faith or willful misconduct or (ii) material breach of this Agreement. 

6.5 Provider Indemnity. Subject to Section 6.1, each Provider hereby agrees to indemnify, defend and hold
harmless the applicable Recipient and its Affiliates and Representatives (each, a “Recipient Indemnified Party”), from and against any and all Liabilities arising from, relating to or in connection with (a) the use of any
Services by such Recipient or any of its Affiliates, Representatives or other Persons using such Services or (b) the sale, delivery, provision or use of any Services provided under or contemplated by this Agreement, in the case of each of
clauses (a) and (b), to the extent that such liabilities arise out of, relate to or are a consequence of the applicable Provider’s (i) gross negligence, bad faith or willful misconduct or (ii) material breach of
this Agreement. 
 6.6 Indemnification Procedures. The provisions of Article VI of the Separation Agreement shall govern claims for
indemnification under this Agreement. 
 6.7 Liability for Payment Obligations. Nothing in this Article VI shall be deemed to
eliminate or limit, in any respect, Parent’s or Arlo’s express obligation in this Agreement to pay Service Charges and Reimbursement Charges for Services rendered in accordance with this Agreement. 

6.8 Exclusion of Other Remedies. The provisions of Section 6.3, Section 6.4 and
Section 6.5 of this Agreement shall, to the maximum extent permitted by applicable Law, be the sole and exclusive remedies of the Provider Indemnified Parties and the Recipient Indemnified Parties, as applicable, for any
claim, loss, damage, expense or liability, whether arising from statute, principle of common or civil law, principles of strict liability, tort, contract or otherwise under this Agreement, except as set forth in
Section 9.3. 
 6.9 Confirmation. Neither Party excludes responsibility for any Liability which cannot be
excluded pursuant to applicable Law. 
 ARTICLE VII 

TERM AND TERMINATION 
 7.1 Term
and Termination. (a) This Agreement shall commence immediately upon the Separation Time and shall terminate upon the earlier to occur of: (i) the last date on which either Party is obligated to provide any Service to the other Party in
accordance with the terms of this Agreement or (ii) the mutual written agreement of the Parties to terminate this Agreement in its entirety. 

  
 -17- 

 (b) Without prejudice to a Recipient’s rights with respect to a Force Majeure, a
Recipient may from time to time terminate this Agreement with respect to the entirety of any individual Service but not a portion thereof, for any reason or no reason, upon providing at least ten (10) days’ prior written notice to the
Provider; provided, however, that the Recipient shall pay to the Provider the necessary and reasonable documented out-of-pocket costs incurred in
connection with the wind down of such Service other than any employee severance and relocation expenses, but including unamortized license fees and costs for equipment used to provide such Service, contractual obligations under agreements used to
provide such Service, any breakage or termination fees and any other termination costs payable by the Provider with respect to any resources or pursuant to any other third-party agreements that were used by the Provider to provide such Service (or
an equitably allocated portion thereof, in the case of any such equipment, resources or agreements that also were used for purposes other than providing Services). 

A Provider may terminate this Agreement with respect to one or more Services, in whole but not in part, at any time upon prior written notice
to the Recipient if the Recipient has failed to perform any of its material obligations under this Agreement relating to such Services, including making payment of Service Charges when due, and such failure shall continue uncured for a period of
thirty (30) days after receipt by the Recipient of a written notice of such failure from the Provider. In the event that any Service is terminated other than at the end of a month, the Service Charge associated with such Service shall be pro-rated appropriately. The Parties acknowledge that there may be interdependencies among the Services being provided under this Agreement that may not be identified on the applicable Schedules and agree that, if
the Provider’s ability to provide a particular Service in accordance with this Agreement is materially and adversely affected by the termination of another Service in accordance with Section 7.1(b), then the Parties
shall negotiate in good faith to amend the Schedule relating to such affected continuing Service, which amendment shall be consistent with the terms of, and the pricing methodology used for, comparable Services. 

(c) In connection with the termination of any Service, if the Recipient reasonably determines that it will require such Service to continue
beyond the date on which such Service is scheduled to terminate, the Recipient may request that the Provider extend such Service (any such extension, a “Service Extension”) for a specified period beyond the scheduled termination of
such Service (which period shall in no event (i) be longer than one hundred and eighty (180) days or (ii) end later than the date that is the twelve (12)-month anniversary of the Distribution Date) by written notice to the Provider no
less than thirty (30) days prior to the date of such scheduled termination, and the Parties shall use commercially reasonable efforts to comply with such Service Extension; provided, that the Provider shall not be obligated to provide
such Service Extension if a third-party consent is required and cannot be obtained by the Provider. In connection with any request for Service Extensions in accordance with this Section 7.1(c), the Parent Services Manager
and the Arlo Services Manager shall in good faith (x) negotiate the terms of an amendment to the applicable Schedule, which amendment shall be consistent with the terms of, and the pricing methodology used for, the applicable Service, and
(y) determine the costs and expenses (other than Service Charges), if any, that would be incurred by the Provider 

  
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or the Recipient, as the case may be, in connection with the provision of such Service Extension, which costs and expenses shall be borne solely by the Party requesting the Service Extension.
Each amended Schedule to implement a Service Extension, as agreed in writing by the Parties, shall be deemed part of this Agreement as of the date of such agreement and any Services provided pursuant to such Service Extensions shall be deemed
“Services” provided under this Agreement, in each case, subject to the terms and conditions of this Agreement. 
 7.2 Effect of
Termination. Upon termination of any Service pursuant to this Agreement, the Provider of the terminated Service will have no further obligation to provide the terminated Service, and the relevant Recipient will have no obligation to pay any
future Service Charges relating to any such Service; provided, however, that the Recipient shall remain obligated to the relevant Provider for the (a) Service Charges and Reimbursement Charges owed and payable in respect of
Services provided prior to the effective date of termination and (b) any applicable charges described in Section 7.1(b), which charges shall be payable only in the event that the Recipient terminates any Service
pursuant to Section 7.1(b). In connection with the termination of any Service, the provisions of this Agreement not relating solely to such terminated Service shall survive any such termination, and in connection with a
termination of this Agreement, Article I, Article VI (including liability in respect of any indemnifiable Liabilities under this Agreement arising or occurring on or prior to the date of termination), Article VII, Article
IX and all confidentiality obligations under this Agreement and liability for all due and unpaid Service Charges and Reimbursement Charges and any applicable charges payable pursuant to Section 7.1(b), shall continue to
survive indefinitely. 
 7.3 Force Majeure. (a) Neither Party (nor any Person acting on its behalf) shall have any liability or
responsibility for failure to fulfill any obligation (other than a payment obligation) under this Agreement so long as and to the extent to which the fulfillment of such obligation is prevented, frustrated, hindered or delayed as a consequence of a
Force Majeure; provided, however, that (i) such Party (or such Person) shall have exercised commercially reasonable efforts to minimize the effect of such Force Majeure on its obligations; and (ii) the nature, quality and
standard of care that the Provider shall provide in delivering a Service after a Force Majeure shall be substantially the same as the nature, quality and standard of care that the Provider provides to its Affiliates with respect to such Service. In
the event of an occurrence of a Force Majeure, the Party whose performance is affected thereby shall give notice of suspension as soon as reasonably practicable to the other stating the date and extent of such suspension and the cause thereof, and
such Party shall resume the performance of such obligations as soon as reasonably practicable after the removal of such cause. 
 (b) During
the period of a Force Majeure, the Recipient shall be entitled to seek an alternative service provider with respect to such Service(s) and, in the event a Force Majeure shall continue to exist for more than fifteen (15) consecutive days,
permanently terminate such Service(s), it being understood that Recipient shall not be required to provide any advance notice of such termination to Provider or pay any charges in connection therewith. The Recipient shall be relieved of the
obligation to pay Service Charges for the affected Service(s) throughout the duration of such Force Majeure. 

  
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 ARTICLE VIII 

DISPUTE RESOLUTION 
 8.1
Dispute Resolution. 
 (a) In the event of any dispute, controversy or claim arising out of or relating to the transactions
contemplated by this Agreement, or the validity, interpretation, breach or termination of any provision of this Agreement, or calculation or allocation of the costs of any Service, including claims seeking redress or asserting rights under any Law
(each, a “Dispute”), Parent and Arlo agree that the Parent Services Manager and the Arlo Services Manager (or such other persons as Parent and Arlo may designate) shall negotiate in good faith in an attempt to resolve such Dispute
amicably. If such Dispute has not been resolved to the mutual satisfaction of Parent and Arlo within fifteen (15) days after the initial written notice of the Dispute (or after such longer period as the Parties may agree), then such Dispute
shall be resolved in accordance with the dispute resolution process referred to in Article VIII of the Separation Agreement; provided, however, that such dispute resolution process shall not modify or add to the remedies available to
the Parties under this Agreement. 
 (b) In any Dispute regarding the amount of a Service Charge, if such Dispute is finally resolved
pursuant to the dispute resolution process set forth or referred to in Section 8.1(a), and it is determined that the Service Charge that the Provider has invoiced the Recipient, and that the Recipient has paid to the
Provider, is greater or less than the amount that the Service Charge should have been, then (i) if it is determined that the Recipient has overpaid the Service Charge, the Provider shall within five (5) business days after such
determination reimburse the Recipient an amount of cash equal to such overpayment, plus the Interest Payment, accruing from the date of payment by the Recipient to the time of reimbursement by the Provider; and (ii) if it is determined
that the Recipient has underpaid the Service Charge, the Recipient shall within five (5) business days after such determination reimburse the Provider an amount of cash equal to such underpayment, plus the Interest Payment, accruing from
the date such payment originally should have been made by the Recipient to the time of payment by the Recipient. 
 ARTICLE IX 

GENERAL PROVISIONS 
 9.1 No
Agency. Nothing in this Agreement shall be deemed in any way or for any purpose to constitute any Party as an agent of an unaffiliated party in the conduct of such other party’s business. A Provider of any Service under this Agreement shall
act as an independent contractor and not as the agent of the Recipient in performing such Service, maintaining control over its employees, its subcontractors and their employees and complying with all withholding of income at source requirements,
whether federal, national, state, local or foreign. 
 9.2 Subcontractors. A Provider may hire or engage one or more subcontractors to
perform any or all of its obligations under this Agreement; provided, however, that (a) such Provider shall use the same degree of care in selecting any such subcontractor as it would if such contractor was being retained to
provide similar services to the Provider and (b) such Provider shall in all cases remain primarily responsible for all of its obligations under this Agreement with respect to the scope of the Services, the standard for services as set forth in
Article V and the content of the Services provided to the Recipient. 

  
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 9.3 Treatment of Confidential Information. (a) The Parties shall not, and shall
cause all other Persons providing Services or having access to information of the other Party that is known to such Party as confidential or proprietary (the “Confidential Information”) not to, disclose to any other Person or use,
except for purposes of this Agreement, any Confidential Information of the other Party; provided, however, that the Confidential Information may be used by such Party to the extent that such Confidential Information has been
(i) in the public domain through no fault of such Party or any member of such Group or any of their respective Representatives or (ii) later lawfully acquired from other sources by such Party (or any member of such Party’s Group),
which sources are not themselves bound by a confidentiality obligation; provided, further, that each Party may disclose Confidential Information of the other Party, to the extent not prohibited by applicable Law: (A) to its
Representatives on a need-to-know basis in connection with the performance of such Party’s obligations under this Agreement; (B) in any report, statement,
testimony or other submission required to be made to any Governmental Authority having jurisdiction over the disclosing Party; or (C) in order to comply with applicable Law, or in response to any summons, subpoena or other legal process or
formal or informal investigative demand issued to the disclosing Party in the course of any litigation, investigation or administrative proceeding. In the event that a Party becomes legally compelled (based on advice of counsel) by deposition,
interrogatory, request for documents subpoena, civil investigative demand or similar judicial or administrative process to disclose any Confidential Information of the other Party, such disclosing Party shall provide the other Party with prompt
prior written notice of such requirement, and, to the extent reasonably practicable, cooperate with the other Party (at such other Party’s expense) to obtain a protective order or similar remedy to cause such Confidential Information not to be
disclosed, including interposing all available objections thereto, such as objections based on settlement privilege. In the event that such protective order or other similar remedy is not obtained, the disclosing Party shall furnish only that
portion of the Confidential Information that has been legally compelled, and shall exercise its commercially reasonable efforts (at such other Party’s expense) to obtain assurance that confidential treatment will be accorded such Confidential
Information. 
 (b) Each Party shall, and shall cause its Representatives to, protect the Confidential Information of the other Party by
using the same degree of care to prevent the unauthorized disclosure of such as the Party uses to protect its own confidential information of a like nature, but in any event no less than a reasonable degree of care. 

(c) Each Party shall be liable for any failure by its respective Representatives to comply with the restrictions on use and disclosure of
Confidential Information contained in this Agreement. 
 (d) Each Party shall comply with all applicable local, state, national, federal and
foreign privacy and data protection Laws that are or that may in the future be applicable to the provision of Services under this Agreement. 

  
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 9.4 Further Assurances. Each Party covenants and agrees that, without any additional
consideration, it shall execute and deliver any further legal instruments and perform any acts that are or may become necessary to effectuate this Agreement. 

9.5 Notices. Except with respect to routine communications by the Parent Services Manager, Arlo Services Manager, Parent Local Services
Manager and Arlo Local Service Manager under Section 2.6, all notices, requests, claims, demands and other communications under this Agreement shall be in writing and shall be given or made (and shall be deemed to have been
duly given or made upon receipt) by delivery in person, by overnight courier service, by facsimile or electronic transmission with receipt confirmed or by registered or certified mail (postage prepaid, return receipt requested) to the respective
Parties at the following addresses (or at such other address for a Party as shall be specified in a notice given in accordance with this Section 9.5): 

If to Parent, to: 
 NETGEAR, Inc.

 350 E. Plumeria Drive 
 San
Jose, California 95134 
 Attention: General Counsel 

E-mail: legal@netgear.com 

with a copy to: 
 Wachtell,
Lipton, Rosen & Katz 
 51 West 52nd Street 

New York, New York 10019 

Attention:     David C. Karp 

                     Ronald C. Chen

 Facsimile:    (212) 403-2000 

If to Arlo, to: 
 Arlo
Technologies, Inc. 
 2200 Faraday Avenue, Suite 150 

Carlsbad, California 92008 

Attention:     General Counsel 

E-mail:         legal@arlo.com 

with a copy to: 
 Wachtell,
Lipton, Rosen & Katz 
 51 West 52nd Street 

New York, New York 10019 

Attention:   David C. Karp 

                   Ronald C. Chen 

Facsimile:  (212) 403-2000 

  
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 9.6 Severability. If any provision of this Agreement or the application thereof to
any Person or circumstance is determined by a court of competent jurisdiction to be invalid, void or unenforceable, the remaining provisions hereof, or the application of such provision to Persons or circumstances or in jurisdictions other than
those as to which it has been held invalid or unenforceable, shall remain in full force and effect and shall in no way be affected, impaired or invalidated thereby. Upon such determination, the Parties shall negotiate in good faith in an effort to
agree upon such a suitable and equitable provision to effect the original intent of the Parties. 
 9.7 Entire Agreement. This
Agreement, the Separation Agreement and any other Ancillary Agreements, and the Exhibits, Schedules and appendices hereto and thereto, contain the entire agreement between the Parties with respect to the subject matter hereof, supersede all previous
agreements, negotiations, discussions, writings, understandings, commitments and conversations with respect to such subject matter, and there are no agreements or understandings between the Parties other than those set forth or referred to herein or
therein. This Agreement, the Separation Agreement and any other Ancillary Agreements together govern the arrangements in connection with the Separation, the IPO and the Distribution and would not have been entered independently. 

9.8 No Third-Party Beneficiaries. Except as provided in Article VI with respect to Provider Indemnified Parties and Recipient
Indemnified Parties, this Agreement is for the sole benefit of the Parties and their permitted successors and assigns and nothing in this Agreement, express or implied, is intended to or shall confer upon any other Person, including any union or any
employee or former employee of Parent or Arlo, any legal or equitable right, benefit or remedy of any nature whatsoever, including any rights of employment for any specified period, under or by reason of this Agreement. 

9.9 Governing Law. This Agreement (and any claims or disputes arising out of or related hereto or thereto or to the transactions
contemplated hereby and thereby or to the inducement of any party to enter herein and therein, whether for breach of contract, tortious conduct or otherwise and whether predicated on common law, statute or otherwise) shall be governed by and
construed and interpreted in accordance with the Laws of the State of Delaware irrespective of the choice of laws principles of the State of Delaware including all matters of validity, construction, effect, enforceability, performance and remedies.

 9.10 Amendment. No provisions of this Agreement, including any Schedules to this Agreement, shall be deemed waived, amended,
supplemented or modified by a Party, unless such waiver, amendment, supplement or modification is in writing and signed by the authorized representative of the Party against whom it is sought to enforce such waiver, amendment, supplement or
modification. 
 9.11 Rules of Construction. In this Agreement, (a) words in the singular shall be deemed to include the plural
and vice versa and words of one gender shall be deemed to include the other genders as the context requires; (b) the terms “hereof,” “herein,” and “herewith” and words of similar import shall, unless otherwise
stated, be construed to refer to this Agreement as a whole (including all of the Schedules, Exhibits and Appendices hereto) and not to any particular provision of this Agreement; (c) Article, Section, Schedule, Exhibit and Appendix

  
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references are to the Articles, Sections, Schedules, Exhibits and Appendices to this Agreement unless otherwise specified; (d) unless otherwise stated, all references to any agreement
(including this Agreement) shall be deemed to include the exhibits, schedules and annexes (including all Schedules, Exhibits and Appendixes) to such agreement; (e) the word “including” and words of similar import when used in this
Agreement shall mean “including, without limitation,” unless otherwise specified; (f) the word “or” shall not be exclusive; (g) unless otherwise specified in a particular case, the word “days” refers to
calendar days; (h) references herein to this Agreement or any other agreement contemplated herein shall be deemed to refer to this Agreement or such other agreement as of the date on which it is executed and as it may be amended, modified or
supplemented thereafter, unless otherwise specified; and (i) unless expressly stated to the contrary in this Agreement, all references to “the date hereof,” “the date of this Agreement,” “hereby” and
“hereupon” and words of similar import shall all be references to August 2, 2018. 
 9.12 Counterparts. This Agreement
may be executed in one or more counterparts, all of which shall be considered one and the same agreement, and shall become effective when one or more counterparts have been signed by each of the Parties and delivered to the other Party. 

9.13 Assignability. This Agreement shall be binding upon and inure to the benefit of the Parties and their respective successors and
permitted assigns; provided that neither Party may assign its rights or delegate its obligations under this Agreement without the express prior written consent of the other Party hereto. Notwithstanding the foregoing, no such consent shall be
required for the assignment of a party’s rights and obligations under this Agreement, the Separation Agreement and the other Ancillary Agreements (except as may be otherwise provided in any such other Ancillary Agreement) in whole (i.e.,
the assignment of a party’s rights and obligations under this Agreement, the Separation Agreement and all other Ancillary Agreements all at the same time) in connection with a change of control of a Party so long as the resulting, surviving or
transferee Person assumes all the obligations of the relevant party thereto by operation of Law or pursuant to an agreement in form and substance reasonably satisfactory to the other Party. 

9.14 Non-Recourse. No past, present or future director, officer, employee, incorporator, member,
partner, shareholder, Affiliate, agent, attorney or representative of either Parent or Arlo or their Affiliates shall have any liability for any obligations or liabilities of Parent or Arlo, respectively, under this Agreement or for any claims based
on, in respect of, or by reason of, the transactions contemplated by this Agreement. 
 9.15 Mutual Drafting. This Agreement shall be
deemed to be the joint work product of the Parties and any rule of construction that a document shall be interpreted or construed against a drafter of such document shall not be applicable. 

[The remainder of this page is intentionally left blank.] 

  
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 IN WITNESS WHEREOF, the Parties have caused this Transition Services Agreement to be
executed by their duly authorized representatives as of the date first written above. 
  

			
	NETGEAR, INC.
		
	By:	 	 /s/ Patrick C.S. Lo

		 	Name: Patrick C.S. Lo
		 	Title: Chairman and Chief Executive Officer
	
	ARLO TECHNOLOGIES, INC.
		
	By:	 	 /s/ Brian Busse

		 	Name: Brian Busse
		 	Title: General Counsel

 [Signature Page to Transition Services Agreement]

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