Document:

Exhibit 10.9

 

	AAC Patent License Agreement	 
	Siyata Mobile Inc.	Page 1

 

AAC

PATENT LICENSE AGREEMENT

 

AN AGREEMENT BETWEEN

 

LICENSEE 

Siyata Mobile Inc.

(“Licensee”)

of 1001 Lenoir St Suite A-414

Montreal, Quebec

H4C 2Z6 Canada

telephone: (888) 316-3747

 

and

 

LICENSE ADMINISTRATOR

Via Licensing Corporation (hereinafter
“Via”)

 of 1275 Market Street

	San Francisco, CA 94103-1410	United States of America
	telephone: (415) 645-4700	facsimile: (415) 645-4400

 

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LICENSEE

 

Each of the persons executing this Agreement represents that
he/she is authorized to execute on behalf of, and to therefore bind, the respective Parties below.

 

	Signature:	/s/ Gerry Bernstein	 
	 	 	 
	Printed Name:	Gerry Bernstein	 
	 	 	 
	Title:	C.F.O.	Siyata Mobile Inc., a Canada corporation
	 	 	 
	Place	Montreal Quebec Canada	 
	 	 	 
	Date	June 5, 2018	 

 

LICENSE ADMINISTRATOR

 

	Signature:	/s/ Jane Bu	 
	 	 	 
	Printed Name:	Jane Bu	 
	 	 	 
	Title:	Director, Legal	Via Licensing Corporation, a Delaware corporation
	 	 	 
	Place	1275 Market Street, San Francisco, CA 94103-1410, U.S.A.
	 	 	 
	Date	June 5, 2018	 

 

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TABLE OF CONTENTS

 

	TITLE PAGE AND SIGNATURE BLOCK	 	1
	TABLE OF CONTENTS	 	3
	DEFINITIONS	 	6
	AAC Standard	 	6
	Affiliate	 	7
	Agreement	 	7
	Channel	 	7
	Effective Date	 	7
	End-User	 	7
	Essential AAC Patent(s)	 	7
	External Model Number	 	7
	Initial Fee	 	7
	Internal Use Licensed Product	 	7
	License Administrator	 	7
	License Fees	 	7
	Licensed Patents	 	7
	Licensed Product	 	8
	Licensee	 	8
	Licensors	 	8
	Otherwise Supply or Otherwise Supplied	 	8
	Parties	 	8
	Products Subject to Other Licenses	 	8
	Professional Product	 	8
	Quarterly Report	 	8
	Sell or Sold	 	8
	Small Entity	 	8
	Term	 	8
	Trial Period	 	8
	Via Administration System	 	8
	GRANT OF LICENSES	 	9
	License Grant	 	9
	Scope of License Grant	 	9
	Limitation of License	 	9
	No Other Products	 	9
	No Sublicensing	 	9
	Guaranty by Licensee Regarding
    its Affiliates	 	9
	Limitation of Have-made Rights	 	9
	Grantback	 	10
	Express License Only	 	11
	Statement of Via’s Intellectual
    Property Ownership	 	11
	PUBLICITY AND ANNOUNCEMENTS	 	11
	PAYMENTS, REPORTS & RECORDS	 	11

 

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	Initial Fee	 	11
	Quarterly Reports	 	11
	License Fees	 	13
	Taxes	 	13
	Payment Procedure	 	14
	Fee Applicability	 	15
	When Sold or Otherwise Supplied	 	15
	When First Used	 	15
	Software Installations	 	15
	Hosted Services	 	15
	Other Licensee Fee Payment	 	16
	Sales Prior to Effective Date	 	16
	Books and Records	 	16
	Trial Period Rules	 	16
	CONFIDENTIALITY	 	17
	Confidential Information	 	17
	Reproduction	 	17
	Disclosure	 	17
	Use	 	17
	Property	 	17
	Exclusions	 	17
	Exceptions	 	18
	No Implied Assurances	 	18
	Injunctive Relief	 	18
	TERM AND TERMINATION	 	18
	Term	 	18
	Termination for Breach	 	18
	Individual Licensor’s Option
    to Withdraw Patents	 	18
	Termination for Convenience	 	18
	Effect of Termination	 	19
	Effect of Termination on Payments and Reporting	 	19
	Effect of Termination on License	 	19
	Survival	 	19
	REPRESENTATIONS AND WARRANTIES	 	19
	Negation of Representations And
    Warranties by Via And Licensors	 	19
	Representations and Warranties
    by Licensee	 	19
	Representations and Warranties
    By Each Party	 	20
	Warranty Disclaimer	 	20
	Waiver of Consequential Damages
    and Other Indirect Damages	 	21
	Limitation of Remedies and Limitation
    Of Liability	 	21
	Failure of Essential Purpose	 	21
	Express Allocation of Risks and
    Benefits	 	21
	RIGHT TO INDEPENDENT NEGOTIATION	 	21

 

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	Acknowledgements	 	21
	Independent Negotiations	 	21
	GENERAL	 	21
	Section Titles	 	21
	Assignment	 	21
	Compliance With Laws	 	22
	Costs	 	22
	Assertion of Unenforceability	 	22
	Modification and Waiver	 	22
	Calendar Days	 	22
	Notices	 	22
	Dispute Resolution	 	23
	Relationship of the Parties	 	23
	Controlling Language	 	23
	Third Party Beneficiary	 	23
	Counterparts	 	23
	Review by Counsel	 	23
	Entire Agreement	 	23
	APPENDIX A: AAC STANDARD, LICENSORS, AND LICENSED PATENTS	 	24
	APPENDIX B: SCHEDULE OF FEES	 	41
	APPENDIX C: DECLARATION OF SMALL ENTITY STATUS	 	44

 

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AAC PATENT LICENSE AGREEMENT

 

This AAC Patent License Agreement
is entered into by and between Via Licensing Corporation, as an agent acting on behalf of Licensors, having a principal place of
business at 1275 Market Street, San Francisco, California, 94103 (hereinafter “Via”), and the Party identified
as Licensee on the title page and signature page of this Agreement.

 

WHEREAS, the International
Organization for Standardization (“ISO”) and the International Electrotechnical Commission (“IEC”)
issued standards for the coding of audio information namely ISO/IEC 13818-7:2006 “Information Technology – Generic
coding of moving pictures and associated audio information – Part 7: Advanced Audio Coding (AAC), and ISO/IEC 14496-3:2009
“Information Technology—Coding of audio-visual objects—Part 3: Audio”;

 

WHEREAS, each of the
Licensors owns and/or has rights to license Essential AAC Patents and each of the Licensors has gone to considerable effort to
develop what it believes represents significant advancements;

 

WHEREAS, each of the
Licensors has appointed Via with limited authority to act as its agent to license, on behalf of Licensors, all Essential AAC Patents
owned and licensable or licensed and sublicensable by each of the Licensors;

 

WHEREAS, each of the
Licensors agrees to make its Essential AAC Patents available on fair, reasonable, nondiscriminatory, and reciprocal terms to entities
willing to grant licenses to any essential patents they may own;

 

WHEREAS, in order to
hasten the acceptance and commercial viability of the AAC Standard, each Licensor desires to make its Essential AAC Patents available
for license through Via as agent in this Agreement and by which the Licensors and the Parties can achieve economies of scale, reduce
transaction costs, integrate complementary technologies and promote the AAC Standard;

 

WHEREAS, in response
to requests received from Licensees and potential Licensees of previous MPEG-2 AAC and MPEG-4 Audio patent licensing programs,
the Licensors wish to offer a license focused on those portions of the MPEG-2 AAC and MPEG-4 Audio standards that are in common
practice;

 

WHEREAS, Via desires
to license, on behalf of the Licensors, Licensors’ Essential AAC Patents to all entities desiring such a license on the terms
and conditions herein;

 

WHEREAS, Licensee desires
to obtain a non-exclusive license to Licensors’ Essential AAC Patents to manufacture, have made, Sell, or Otherwise Supply
products compliant with the AAC Standard;

 

NOW THEREFORE, for and
in consideration of the payments made and to be made by Licensee hereunder and the other covenants herein contained and other good
and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, it is covenanted and agreed by and between
the Parties hereto that:

 

		1.	Definitions.

 

		1.1.	“AAC Standard” means standards
defined by the International Organization for Standardization (“ISO”) and the International Electrotechnical Commission
(“IEC”) for the coding of audio information, namely ISO/IEC 13818-7:2006 “Information Technology – Generic
coding of moving pictures and associated audio information – Part 7: Advanced Audio Coding (AAC), and ISO/IEC 14496-3:2009
“Information Technology—Coding of audio-visual objects—Part 3: Audio”, specifically limited to the following
Profiles and Audio Object Types (“AOT”): MPEG-4 AAC Profile (including MPEG-2 AAC LC), MPEG-4 High Efficiency AAC
Profile (including MPEG-2 AAC LC in combination with SBR), MPEG-4 High Efficiency AAC v2 Profile, MPEG-4 Low Delay AAC Profile,
MPEG-4 Low Delay AAC v2 Profile (ISO/IEC 14496-3:2009/Amd. 3: 2012), MPEG-4 ER AAC Scalable (AOT 20), MPEG-4 ER AAC ELD (AOT 39),
the Extended HE-AAC Profile (xHE-AAC, as defined and specified in the MPEG-D Standard, specifically ISO/IEC 23003-3:2012 “Information
Technology – MPEG audio technologies – Part 3: Unified Speech and Audio Coding or as additionally described in Appendix
A to this Agreement.

 

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		1.2.	“Affiliate” means a separate
corporation, company, or other entity that now or hereafter, directly or indirectly, controls, is controlled by, or is under common
control of or with a party. The term “control” as used in this definition means ownership of more than fifty percent
(50%) of the outstanding shares or securities (representing the right to vote for the election of directors or other managing
authority) of such corporation, company, or other entity. In jurisdictions where percentage of foreign ownership is restricted
to less than or equal to fifty percent (50%), then whatever percentage of ownership represents a controlling interest in that
jurisdiction. Such corporation, company or other entity shall be deemed to be an Affiliate only so long as such “control”
exists.

 

		1.3.	“Agreement” means this AAC
Patent License Agreement (also known as the “AAC PLA”).

 

		1.4.	“Channel”
                                         or “Channels”
                                         means an audio channel. As examples: A monaural product utilizes one Channel;
                                         a stereo product utilizes two Channels (left and right), a multichannel product utilizes
                                         three or more Channels.

 

		1.5.	“Effective Date” means the
date on which this Agreement is executed by Via.

 

		1.6.	“End User” means any person
or entity that purchases or otherwise obtains a decoding and/or encoding device or software for personal or commercial use and
not to re-Sell or Otherwise Supply.

 

		1.7.	“Essential AAC Patent(s)” means
any patent(s) having one or more independent claims that would be necessarily and unavoidably infringed (in the absence of a license)
by the practice of the AAC Standard.

 

		1.8.	“External Model Number” means
the model number designation marked on a Licensed Product and/or the Licensed Product’s packaging or associated marketing
materials presented to End Users, and not a model number designation used for a Licensee’s or a Licensee’s suppliers’
internal purposes.

 

		1.9.	“Initial Fee” means the non-refundable
fee defined in Section 4 (“Payments, Reports & Records”) below.

 

		1.10.	“Internal
                                         Use Licensed Product” means a Licensed Product made by Licensee or its
                                         Affiliates, or made on behalf of Licensee or its Affiliates, that is used by Licensee
                                         or its Affiliates, and is not intended for Sale or Otherwise Supply to any unaffiliated
                                         third party.

 

		1.11.	“License Administrator” means
Via Licensing Corporation (“Via”), the entity designated by Licensors to administer the terms and act
as an independent agent with limited authority to negotiate, receive, accept, execute, enforce, and terminate the AAC PLA on behalf
of Licensors.

 

		1.12.	“License Fees” means the amounts
calculated pursuant to Appendix B of this Agreement and due and payable by Licensee to Via under this Agreement.

 

		1.13.	“Licensed Patents” means any
and all Essential AAC Patents that are owned and licensable, or licensed and sublicensable, by the Licensors and their Affiliates
in accordance with the terms of this Agreement, now or at any time during the Term, including without limitation those patents
listed in Appendix A (which list shall be updated by Via from time to time). Licensed Patents do not include any patents that,
if licensed, would require a payment of fees by a Licensor to any party that is not an Affiliate of such Licensor.

 

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		1.14.	“Licensed Product” means (a)
a complete (or substantially complete), ready-to-use End User decoding and/or encoding device or software, the making, using,
importing, Sale or Otherwise Supplying of which would, in the absence of a license, infringe directly or indirectly a Licensed
Patent, or (b) a component decoding and/or encoding device or software, the making, using, importing, Sale, or supplying of which
would, in the absence of a license, infringe directly or indirectly a Licensed Patent, that is Sold or Otherwise Supplied directly
to an End User. (By way of example only, and without limitation, such components may be in the form of software libraries, DSP
code modules, subassemblies or integrated circuits).

 

Notwithstanding the foregoing,
to the extent that Licensee or an Affiliate Sells or Otherwise Supplies components or software, the making, using, importing, Selling,
or supplying of which would, in the absence of a license, infringe directly or indirectly a Licensed Patent, for inclusion in Professional
Products sold by Licensee’s customer, such components shall be considered Licensed Products, provided that Licensee reports
each customer’s name along with the quantity and product name and/or model number of the product(s) incorporating such component
or software as part of Licensee’s quarterly reports, and pays the applicable Professional Product License Fees for such component
or software as set forth herein.

 

		1.15.	“Licensee” means the Party
identified as such on the title page and signature page of this Agreement.

 

		1.16.	“Licensors” (individually,
“Licensor”) means the entities listed in Appendix A (such list is subject to additions and/or deletions
by Via from time to time).

 

		1.17.	“Otherwise Supply” or “Otherwise
Supplied” means to offer for sale, distribute, dispose, rent, lend, lease, commercialize, exploit, or otherwise
transfer without compensation, consideration, or money.

 

		1.18.	“Parties”
                                         (individually, “Party”) means the entities listed on the cover
                                         page that have executed the signature page of this Agreement.

 

		1.19.	“Products
                                         Subject to Other Licenses” means products that would be Licensed Products
                                         but that are licensed to those AAC Essential Patents practiced by such products through
                                         another licensing program or other means, whether a pool or a bi-lateral agreement, to
                                         the same extent that would otherwise be licensed pursuant to the licenses granted hereunder.

 

		1.20.	“Professional Product” means
a Licensed Product intended primarily for an End User’s direct revenue-generating use or intended to serve as a main resource
to generate revenue for End Users, including monitoring and testing equipment.

 

		1.21.	“Quarterly Report” means reports
due from Licensee each calendar quarter , in electronic form, paper form, or as otherwise reasonably required by Via, as further
described in Section 4 (“Payments, Reports & Records”) below.

 

		1.22.	“Sell”
                                         or “Sold” means to sell, directly or through distribution channels,
                                         offer for sale, distribute, dispose, rent, lend, lease, commercialize, exploit or otherwise
                                         transfer for money or any other form of compensation or consideration.

 

		1.23.	“Small Entity” means an organization
that, together with its Affiliates, has no more than fifteen (15) employees, and has annual gross revenues of US $1 million or
less and has executed the Declaration of Small Entity Status set forth in Appendix C.

 

		1.24.	“Term” means the period of
time described in Section 6 (“Term and Termination”) below.

 

		1.25.	“Trial Period” means an evaluation
or testing period provided to End Users for a Licensed Product as further described in Section 4.8 (“Trial Period Rules”).

 

		1.26.	“Via Administration System”
means Via’s proprietary systems, technologies and related databases used by Via to manage information relating to patent
licensing programs and that is protected by intellectual property rights owned solely and exclusively by Via.

 

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		2.	Grant of Licenses.

 

		2.1.	License Grant. On the condition that Licensee
and all Affiliates remain in compliance with all terms and conditions of this Agreement then, solely during the Term and subject
to the terms and conditions hereof, including but not limited to Licensee’s payment of the Initial Fee, Via hereby grants
to Licensee and its Affiliates, pursuant to authority granted by the Licensors, a limited, non-exclusive, non-transferable (subject
to Section 9.2 (“Assignment”) below), fee-bearing, worldwide license under the Licensed Patents to make, have made
(subject to Section 2.5), use, import, Sell and Otherwise Supply Licensed Products solely for the purpose of encoding or decoding
data in accordance with the AAC Standard.

 

		2.2.	Scope of License Grant. The patent license granted
herein may only be used for the practice of the AAC Standard.

 

		2.3.	Limitation of License.

 

		2.3.1.	No Other Products. No license is granted hereunder
to utilize the inventions claimed in the Licensed Patents in any products other than Licensed Products for which License Fees
have been paid.

 

		2.3.2.	No Sublicensing. No rights to sublicense are granted
or implied hereunder.

 

		2.4.	Guaranty by Licensee Regarding its Affiliates.

 

		2.4.1.	Licensee unconditionally and irrevocably guarantees performance
under this Agreement by all its Affiliates. Such performance includes, without limitation, obligations under Section 4.7 (“Books
and Records”), and the obligation to provide a Grantback License (pursuant to Section 2.6) to all Essential AAC Patents
that are owned or licensable by Licensee or any and all of its Affiliates, on terms and conditions no less favorable than the
terms of this Agreement.

 

		2.4.2.	If any of Licensee’s Affiliates breaches or does
not perform a duty or obligation pursuant to this Agreement, Licensee shall, as soon as reasonably practicable, cure such breach
or perform such duty or obligation, and Licensee agrees that the Licensors and Via, individually or collectively in their sole
discretion, shall have the right to proceed directly against Licensee and/or the Affiliate for such breach or nonperformance.
Licensee’s liability shall not be relieved by the insolvency or bankruptcy of any of such Affiliates, and any liability
will be reinstated against Licensee if any payment by any of such Affiliates is returned for any reason, including but not limited
to the insolvency or bankruptcy of any such Affiliates.

 

		2.5.	Limitation of Have-Made Rights.

 

		2.5.1.	If any Licensed Products are made for Licensee by a third
party, such third party may Sell or Otherwise Supply such Licensed Products to Licensee only; however, at Licensee’s instruction
such third party may ship such Licensed Products to Licensee’s authorized distributor or other designated representative
to whom Licensee has Sold or Otherwise Supplied such Licensed Products, and to no other person or entity.

 

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		2.5.2.	If a third party providing Licensed Products for Licensee
pursuant to Section 2.5.1. (a “have-made manufacturer”) makes a claim, raises a counterclaim, or files a suit directly
or indirectly against a Licensor and/or any of such Licensor’s Affiliate(s) over a patent alleged, or believed, in such
Licensor’s reasonable judgment, to be an Essential AAC Patent, then such Licensor shall have the right to instruct Via to
revoke Licensee’s have-made right for that Licensor’s and its Affiliates’ Essential AAC Patents under this AAC
PLA with regard to such have-made manufacturer only. Upon notice to Licensee from Via of such revocation, such have-made manufacturer
shall no longer be entitled to enjoy the benefit of any rights under such Licensor’s and its Affiliates’ Essential
AAC Patents with respect to the manufacture of Licensed Products for Licensee or any of Licensee’s Affiliates and all Licensed
Products manufactured by such have-made manufacturer thereafter shall be deemed unlicensed products with respect to such Licensor’s
and its Affiliates’ Essential AAC Patents.

 

		2.6.	Grantback.

 

		2.6.1.	If Licensee or any of its Affiliates has the right to
license or control the licensing of one or more Essential AAC Patents, Licensee agrees to either (i) become a Licensor in the
AAC licensing program, or (ii) license to all Licensors that request a license and all other AAC licensees (having a substantially
similar, reciprocal obligation to license Essential AAC Patents), all Essential AAC Patent(s) that are owned or controlled and
licensable, or licensed and sublicensable, by Licensee or any of its Affiliates on terms and conditions no less favorable than
the terms of this Agreement (“Grantback License”). Such obligation to license does not include patents that, if licensed,
would require a payment of license fees by Licensee to any party that is not an Affiliate of Licensee. Each such patent license
shall be granted on a non-exclusive basis under fair, reasonable, and non-discriminatory terms and shall include a license grant
to such Licensor or AAC licensee, as applicable, and their Affiliate(s) for activity prior to the effective date of the Grantback
License. For purposes of this subsection, the Licensors’ per-patent share of License Fees payable under Section 4.3 (“License
Fees”) shall be presumed to be a fair and reasonable per-patent royalty rate for each of Licensee’s Essential AAC
Patents; the amount of such per-patent share shall be disclosed to the Licensee upon request as necessary to conclude grantback
negotiations.

 

		2.6.2.	Only with respect to Grantback License negotiations between
Licensee and either a Licensor or a Licensor Affiliate that is an AAC licensee, if a license agreement is not executed within
twelve (12) months after written request for a license, and Licensee’s proposed license or negotiations are alleged by Licensor
and/or its Affiliate to not be fair or reasonable, then in addition to other remedies either party may have, the affected Licensor
may provide ninety (90) days’ written notice to Licensee and to Via, and upon expiration of such notice, withdraw the grant
of license to its and its Affiliates’ Essential AAC Patents from the license granted hereunder. Upon expiration of such
90-day period, Via shall notify Licensee in accordance with this Agreement and provide Licensee with a revised Appendix A to this
Agreement, and, with immediate effect from the date of such notice from Via, the Licensed Patents under this Agreement will cease
to include the Essential AAC Patent(s) of such affected Licensor and its Affiliates. Upon execution of a Grantback License agreement
between Licensee and the affected Licensor or Licensor Affiliate, any withdrawn patents, unless otherwise licensed by Licensor
to Licensee, shall immediately be reinstated, effective from the date such patents were withdrawn

 

		2.6.3.	During the 12-month period described above, and for ninety
(90) days thereafter, neither Licensor nor Licensee shall commence, or join or assist in, any legal or administrative proceeding
in any jurisdiction asserting against the other any claims, or seeking a declaratory judgment, related to either party’s
practice of the AAC Standard or challenging the enforceability or validity of any Essential AAC Patents owned, controlled, or sublicensable by the other party,
including but not limited to reexamination proceedings.

 

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		2.7.	Express License Only. No license is granted herein
by implication, estoppel or otherwise, and no implied or express license, authority to infringe, immunity or other waiver from
infringement liability shall be deemed to arise or exist as a matter of law or otherwise:

 

		2.7.1.	under any patent that is not a Licensed Patent;

 

		2.7.2.	to make, use, import, lease, Sell, or Otherwise Supply
any products other than Licensed Products;

 

		2.7.3.	for any field of use other than to comply with the AAC
Standard; or

 

		2.7.4.	to any person acquiring from Licensee or its Affiliates
any product other than a Licensed Product.

 

		2.8.	Statement of Via’s Intellectual Property Ownership.
Via shall own all right, title and interest, including without limitation all intellectual property rights, in and to the
Via Administration System, Via trademarks, trade names, trade dress, service marks and the associated names and logos used by
Via from time to time.

 

		3.	Publicity and Announcements.

 

		3.1.	No rights or licenses of any kind or nature whatsoever
are created hereunder to use any of Via’s, Licensee’s, or the Licensors’ trade names, trademarks or service marks
(or any confusingly similar names or marks).

 

		3.2.	Licensee shall make no statements that any of its or
its Affiliates’ Licensed Products have been approved, tested or certified by Via or by any of the Licensors.

 

		3.3.	Neither Party shall make any public disclosures inconsistent
with the rights and obligations created hereunder. The Parties agree that Via and the Licensors may disclose to third parties
the identity of Licensee as a licensee under this Agreement, and Licensee may disclose to third parties its identity as a licensee
under this Agreement.

 

		4.	Payments, Reports & Records.

 

		4.1.	Initial Fee. Within thirty (30) days following
the Effective Date, Licensee shall pay to Via an upfront, one-time initial fee of USD 15,000 or, in the case of a Small Entity,
USD 1,000 (the “Initial Fee”). The Initial Fee is an administrative fee for services provided in the United States,
paid to Via. The Initial Fee is non-recoupable and non-refundable, and is not credited against the “License Fees.”
The Initial Fee shall be paid in full to Via regardless of any tax treaties or obligations. Notwithstanding the foregoing, the
Initial Fee shall be waived to the extent that Licensee is a licensee under an existing and effective AAC Patent License Agreement
administered by Via applicable to MPEG-2 AAC, MPEG-4 AAC or MPEG-4 HE AAC.

 

		4.1.1.	Small Entity Initial Fee. A Licensee that qualifies
as a Small Entity shall be eligible for the USD 1,000 Initial Fee after providing Via with an executed Declaration of Small Entity
Status, attached as Appendix C hereto.

 

		4.2.	Quarterly Reports. Within thirty (30) days following
the end of every calendar quarter following the Effective Date, Licensee shall deliver to Via in electronic form, paper form,
or as otherwise reasonably required by Via, a written report summarizing the previous quarter’s transactions involving Licensed
Products as specified below.

 

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		4.2.1.	Quarterly Reports shall include:

 

		4.2.1.1.	the quantity and description, including product name
and/or External Model Number, of Licensed Products Sold or Otherwise Supplied pursuant to this Agreement by Licensee and/or its
Affiliates during the calendar quarter for which the Quarterly Report is due;

 

		4.2.1.2.	the quantity and description, including product name
and/or model number, of Internal Use Licensed Products;

 

		4.2.1.3.	the number of such Licensed Products that are multichannel
products (a multichannel product is one which provides three or more Channels);

 

		4.2.1.4.	if Licensee or any Affiliate has Sold or Otherwise Supplied
Products Subject to Other Licenses, Licensee shall provide evidence reasonably satisfactory to Via (and subject to confirmation
by Licensors) of the licenses, or confirming the existence of ongoing good-faith negotiations toward the execution of such license
agreements. This requirement to provide evidence of existing licenses shall apply only once per category of Licensed Product;
and

 

		4.2.1.5.	such other information and in such form as Via may reasonably
request.

 

		4.2.1.6.	If Licensee has elected the Alternative Rate Structure
(as described in Appendix B), the information required by this Section 4.2.1 shall be reported separately for each country/region
in which R2 Products are Sold or Otherwise Supplied for use by an End User.

 

		4.2.1.7.	In the event that Licensee or an Affiliate Otherwise
Supplies components or software, the making, using, importing, Selling, or supplying of which would, in the absence of a license,
infringe directly or indirectly a Licensed Patent, for inclusion in Professional Products sold by Licensee’s customer, and
Licensee elects to have such components or software be Licensed Products hereunder, in addition to the information cited in Section
4.2.1.1 above, Licensee shall report each customer’s name along with the quantity and product name and/or model number of
the product(s) incorporating such components or software and shall pay the applicable fees set forth in Section 4.3.3 below.

 

		4.2.2.	Quarterly Reports need not include:

 

		4.2.2.1.	component decoding and/or encoding devices or software
Sold or Otherwise Supplied to an intermediate market prior to being incorporated in a Licensed Product; or

 

		4.2.2.2.	Products Subject to Other Licenses, so long as Via has
been provided evidence of a license applicable to such products pursuant to Section 4.2.1.4 above, and all Licensors have confirmed
the existence of such licenses or have given their approval for Via to accept Licensee’s reports excluding such products.

 

		4.2.3.	Except as may be required under Section 4.4 (“Taxes”)
below or as required by law, Via shall not disclose Licensee-specific details of Quarterly Reports to Licensors. To the extent
that Licensee has provided evidence to Via of licenses applicable to Products Subject to Other Licenses, Via shall be permitted
to disclose Licensee-specific information to Licensors as needed to fulfill its obligations hereunder.

 

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		4.3.	License Fees. Unless Licensee qualifies for the
semi-annual payment election set forth in Section 4.3.1, Licensee shall pay to Via all License Fees due hereunder within fifteen
(15) days after its Quarterly Report is due. In accordance with Appendix B (the “Schedule of Fees”), Licensee shall
pay to Via the amounts for each Licensed Product Sold or Otherwise Supplied under this Agreement (except those returned and refunded)
within, to, or from a jurisdiction in which any Licensed Patent remains unexpired, and the amounts for each Internal Use Licensed
Products used by Licensee or its Affiliates in a jurisdiction in which any Licensed Patent remains unexpired.

 

		4.3.1.	If the License Fees due for a calendar quarter total
less than US $25,000, Licensee may elect to defer payment of such License Fees until the following quarter, so long as this election
is made not more than once every other calendar quarter (payments must be made at least on a semi-annual basis). Such an election
does not excuse Licensee’s obligation to provide a Quarterly Report each quarter.

 

		4.3.2.	If Licensee Sells or Otherwise Supplies Licensed Products
for resale to a customer who also has executed an AAC Patent License Agreement administered by License Administrator (“Other
Licensee”), Licensee may agree with such Other Licensee that, as an exception to Section 4.2 and 4.3, the reporting and
payment of License Fees for specific Licensed Products will not be made by the Licensee under this Agreement but by the Other
Licensee under the Other Licensee’s AAC Patent License Agreement. If Licensee executes such an agreement with an Other Licensee,
Licensee remains responsible for the License Fees due for such Licensed Products if the Other Licensee fails to report and pay
License Fees that are due. If Licensee and an Other Licensee enter into such an agreement for the reporting and payment of License
Fees, both the Licensee and the Other Licensee shall provide Via with written notice of such agreement prior to initiating reporting
and payment under this Section.

 

		4.3.3.	In the event that Licensee or an Affiliate has elected
to report and pay for certain Professional Products of Licensee’s customers pursuant to Section 4.2.1.7, Licensee shall
pay the applicable License Fees for each such Professional Product incorporating Licensee’s components or software.

 

		4.3.4.	Licensee shall consolidate all reports and payments required
hereunder to include reporting and payment of License Fees due with regard to Licensee and all of its Affiliates.

 

		4.3.5.	All fees due by Licensee under this Agreement are non-refundable
and non-recoupable.

 

		4.4.	Taxes. Except as provided in Section 4.4.1 below,
in addition to the Initial Fee and the License Fees set forth in this Agreement and Appendix B, Licensee shall pay any and all
fees, duties, charges of any kind, and taxes, including, without limitation, sales, use, excise, value added, withholding and
similar taxes, based on payments to be made hereunder in any jurisdiction(s) where such taxes are required, and shall not deduct
such amounts from any payments of fees hereunder. Licensee shall pay any such taxes and fees which are necessary to ensure that
the net amounts received by Via on behalf of Licensors after all taxes and fees are paid are equal to the amounts to which Licensors
are otherwise entitled under this Agreement as if such taxes and fees did not exist. Upon request by Via, Licensee shall timely
provide to Via documentation and proof of payment of taxes and fees paid on behalf of Licensors under this Section. If any taxing
authority makes a claim against Via for any taxes owed by Licensee, Licensee shall be obligated to pay all of Via’s expenses
and costs incurred in defending such action by the taxing authority. Via shall reasonably cooperate and provide such information
as may be required by Licensee for any purpose or reason relating to Licensee’s payment of taxes as may be required under this
Section (“Taxes”).

 

		4.4.1.	Notwithstanding Section 4.4 (“Taxes”), if
applicable law and/or tax treaty requires Licensee to withhold any income taxes levied by Licensee’s country of residency
or any other jurisdiction(s) on payments to be made pursuant to this Agreement (“Withholding Tax”), Licensee
shall timely remit to the appropriate governing authority any Withholding Tax that may be levied upon License Fees paid to Via
for the benefit of Licensors. Licensee shall use Via’s calculation of Withholding Tax, and shall deduct such Withholding
Tax from License Fees.

 

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		4.4.1.1.	Licensee shall provide to Via all relevant documentation
and proof of payment of the Withholding Tax to allow Licensor to provide evidence to Licensor’s tax authorities of payment
of Withholding Taxes. If Licensee cannot provide such documentation and proof of payment in a timely manner, Licensee shall remit
the amount of Withholding Tax to Via for distribution to affected Licensors.

 

		4.4.1.2.	If a Licensor is eligible for a Withholding Tax rate
exemption or a reduction pursuant to an applicable tax treaty then in force, Licensee must cause any Withholding Tax that is payable
by the Licensor to be avoided or reduced accordingly. Via shall reasonably cooperate with Licensee for purpose of reducing or
eliminating any Withholding Taxes.

 

		4.4.1.3.	Via shall reasonably cooperate with Licensee by furnishing
necessary information, completed certificates, forms and other documents required by Licensee for purposes of reducing or eliminating
any Withholding Taxes. Licensee shall file all necessary tax forms required in order to apply for the application of rates under
tax treaties. Nothing in this Section 4.4.1.3 shall require Licensee to take any action inconsistent with any applicable law or
government regulation.

 

		4.4.1.4.	If any foreign taxing authority makes a claim against
a Licensor or Via for failure to timely remit all required Withholding Taxes, then Licensee shall be obligated to pay all deficiencies
and any interest or penalties associated with such failure owed to such taxing authority.

 

		4.5.	Payment Procedure.

 

		4.5.1.	Payments to Via shall be made by wire transfer to the
bank and account set forth in the applicable invoice from Via, or by check drawn upon a nationally-recognized U.S. bank tendered
to the address set forth in Section 9.8 (“Notices”) below (or to such other payment addresses or bank account as Via
shall designate in writing).

 

		4.5.2.	Via will credit payments from Licensee against any prior
outstanding amounts owed by Licensee under this Agreement (crediting the oldest outstanding amounts first) before applying them
to current License Fees or other amounts owed.

 

		4.5.3.	Excess payment amounts shall be applied to immediately
subsequent payment obligations and not refunded.

 

		4.5.4.	Any fees or payments that are made hereunder later than
the date on which they are due shall bear interest, compounded monthly at the statutory rate of ten percent (10%) per annum or
the highest rate permitted under applicable law, whichever is lower. A payment is considered late if received more than thirty
(30) days after becoming due.

 

		4.5.5.	Time is of the essence with respect to all payments required
hereunder.

 

		4.5.6.	Licensee shall pay all amounts due hereunder in United
States dollars. All dollar amounts in this Agreement refer to United States dollars unless otherwise indicated. Any conversion
to United States dollars shall be at the prevailing rate for bank cable transfers as quoted by the Wall Street Journal for the
last day of the applicable quarterly period (or business day thereafter if such last day shall be a Sunday or other non-business
day).

 

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		4.5.7.	Notwithstanding any requirement for written documents,
communication or notice in this Agreement, Quarterly Reports, tax, withholding, financial and payment information and communications
may be exchanged by the Parties electronically through the Via Administration System, ViaSecure, or as otherwise requested by
Via by notice through such systems.

 

		4.6.	Fee Applicability.

 

		4.6.1.	When Sold or Otherwise Supplied. For the purpose
of timing the payment of License Fees, a Licensed Product shall be considered Sold or Otherwise Supplied on the earlier of when
delivered or otherwise disposed of or when invoiced; or, for Licensed Products provided on a trial basis, when the applicable
Trial Period is exceeded. Licensed Products shipped on a consignment basis shall be considered Sold or Otherwise Supplied when
any payment for such shipment is agreed upon between Licensee and its customer.

 

		4.6.2.	When First Used. For the purpose of timing the
payment of License Fees for Internal Use Licensed Products, a first use shall be considered to be when the Internal Use Licensed
Products are first used to achieve their intended purpose. For the avoidance of doubt, the first use of an encoder Internal Use
Licensed Product is when Licensee initially uses the encoder to create bit-streams in AAC format. For an encoder Internal Use
Licensed Product in software form, Licensee shall report the highest number of simultaneously-running encoder instances that occur
in the calendar quarter as the unit number of Licensed Products for that quarter. For subsequent quarters, the highest number
of simultaneously-running encoder instances shall be compared to the highest number from previous quarters. If the highest number
of instances for the current quarter is greater than the number from previous quarters, Licensee shall report the difference between
the two values as the unit number of Internal Use Licensed Products for the current quarter and pay License Fees for such reported
products. For the avoidance of doubt, License Fees will only be due for Internal Use Licensed Products in software form if the
highest number of simultaneously-running encoder instances for the current reporting quarter is greater than the highest number
from previous quarters.

 

		4.6.3.	Software Installations. For encoder and decoder
Licensed Products in software form, each computer or workstation which has the Licensed Product installed on it, or is capable
of using or executing the Licensed Product, shall be considered a separate Licensed Product. By way of example only, if the Licensed
Product is installed on a network server, each computer or workstation connected to the network server and capable of executing
the Licensed Product shall be considered a separate Licensed Product.

 

		4.6.4.	Hosted Services. For Professional Products which
are hosted on servers that provide encoding or decoding services (often referred to as “cloud computing” environments),
as an alternative to reporting and paying for the total number of encoder/codec or decoder instances as the number of units of
Licensed Products Sold or Otherwise Supplied, Licensee may elect to track the average number of simultaneously-running encoder/codec
or decoder instances that occur each calendar month, and report the highest monthly average for the applicable quarter as the
unit number of professional encoder/codec or decoder Licensed Products for that quarter. The highest monthly average for subsequent
quarters shall be compared to the highest monthly average from previous quarters. If the highest monthly average for the current
quarter is greater than the highest monthly average from previous quarters, Licensee shall report the difference between the two
values as the unit number of professional encoder/codec or decoder Licensed Products for the current quarter and pay License Fees
for such reported products. For the avoidance of doubt, License Fees will only be due for professional encoder/codec or decoder
Licensed Products if the highest monthly average for the current reporting quarter is greater than the highest monthly average
from previous quarters.

 

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		4.6.5.	Other Licensee Fee Payment. Licensee shall have
no obligation to pay License Fees for a particular Licensed Product on which another licensee under an AAC Patent License Agreement
administered by Via has paid Via the required License Fees as set forth in Appendix B, provided that Licensee documents the payment
of such other licensee to Via’s reasonable satisfaction.

 

		4.6.6.	Sales Prior to Effective Date. Not later than
thirty (30) days following the Effective Date of this Agreement, Licensee shall submit to Via a written report, identical in form
and to the content requirements set forth in Section 4.2 (“Quarterly Reports”), for any Licensed Products Sold or
Otherwise Supplied during the entire period prior to the Effective Date of this Agreement, together with payment for fees and
interest thereon, compounded monthly at the statutory rate of ten percent (10%) per annum or the highest rate permitted under
applicable law, whichever is lower; or if no Licensed Products were Sold or Otherwise Supplied during the entire period prior
to the Effective Date of this Agreement, a statement to that effect. Upon receipt of such reports and payments, the license grant
set forth in Section 2.1 will be extended to include Licensed Products Sold or Otherwise Supplied prior to the Effective Date
for which a report and payment has been received. If the Effective Date is less than six (6) months after the commencement of
discussions leading to execution of this Agreement between Via and Licensee, then interest on such past practice may be waived,
at Via’s sole discretion.

 

		4.7.	Books and Records. Licensee and its Affiliates
shall keep true, correct, and complete books and records of all sales, licenses, leases, uses, returns, disposals, or other transfers
of Licensed Products under this Agreement for at least five (5) years from the date of their creation in order to confirm the
accuracy of all of Licensee’s reports and amounts paid or payable hereunder. Via may select an independent and professionally
licensed accountant (“Auditor”) to audit, inspect and make abstracts of such books and records, at Licensee’s
facility (or elsewhere as determined by Auditor) as necessary to verify their accuracy and that of all other written reports and
statements provided for herein, and verify or determine fees paid or payable under this Agreement (“Audit”). Such
Audit shall be performed during regular business hours upon at least ten (10) days’ notice and not more often than once
annually unless an underpayment of five percent (5%) or more is found, in which case Via may conduct more frequent Audits to the
extent reasonably necessary to verify consistently accurate reporting. The Auditor may provide Via information sufficient to support
its findings. If the Audit shows an underpayment, then Licensee shall immediately pay the amounts due, plus accrued interest,
plus the cost of the Audit if applicable, after receiving notice of the results of the applicable Audit. Licensee will pay the
cost of the Audit if, for the period audited, an underpayment of five percent (5%) or more is found, based on and compared to
payments or reports received by Via prior to Via’s notice informing Licensee of the Audit. Following an Audit, Via will
apply any subsequent payments received from Licensee hereunder first to the costs of the Audit and then to accrued interest before
applying any remainder to outstanding License Fees. Via may report the results of any Audit to Licensors; provided, however, that
Via shall not disclose in its report to Licensors any Licensee Confidential Information, or any other Licensee-specific information
other than discrepancies in Licensee’s payments of License Fees for the period that was the subject of the Audit.

 

		4.8.	Trial Period Rules. No amounts shall accrue or
become payable with respect to a Licensed Product Sold solely to the extent the Licensed Product is provided on terms that allow
the End User to evaluate the Licensed Product as provided below:

 

		4.8.1.	at the end of the Trial Period, the Licensed Product
is automatically disabled such that the Licensed Product would not, in the absence of a license, directly or indirectly infringe
a Licensed Patent; such Trial Period not to exceed thirty (30) days;

 

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		4.8.2.	the Licensed Product is altered in a manner that renders
the Licensed Product unusable for commercial or personal purposes by compromising the audio output, such as by periodically inserting
an interval of silence or periodically inserting an audible tone or beep in the audio output; or

 

		4.8.3.	the Licensed Product is subject to an agreement between
Licensee and an End User obligating that End User to return or destroy all copies of the Licensed Product unless that End User
purchases such Licensed Product prior to the expiration of the Trial Period; such Trial Period not to exceed thirty (30) days.

 

For the avoidance of doubt,
there shall be only one Trial Period per End User, and if the End User retains the Licensed Product for any period of time after
the expiration of the Trial Period, or if the output of the Licensed Product is no longer compromised, License Fees shall be due
for such Licensed Product as specified in Appendix B.

 

		5.	Confidentiality.

 

		5.1.	Confidential Information. “Confidential
Information” shall include any non-public information that is marked “confidential” or, if disclosed orally,
is identified as confidential prior to, during, or immediately after such oral disclosure, which is disclosed by one Party (“Discloser”)
to the other Party (“Recipient”) pursuant to this Agreement.

 

		5.2.	Reproduction. Recipient shall not reproduce Confidential
Information except and only to the extent necessary to exercise its rights and obligations under this Agreement. Reproductions
of Confidential Information shall include any trade secret legends, proprietary notices and/or copyright notices present in the
Confidential Information.

 

		5.3.	Disclosure. Recipient shall restrict disclosure
of Confidential Information to employees, attorneys and accountants with a need to know such information to accomplish the purposes
of this Agreement, and Recipient shall advise such employees, attorneys and accountants, in advance of such disclosure, of the
obligations of this Section 5 (“Confidentiality”) and shall require such employees, attorneys, and accountants to
be bound, in writing, by confidentiality obligations substantially similar to those herein. Recipient shall not disclose Confidential
Information to any other third party without prior written approval of Discloser. All tax credit payments and related documents
shall be deemed Confidential Information and shall be disclosed only on a need-to-know basis. Except for books and records specified
in Section 4.7 (“Books and Records”) above, Recipient’s obligation to maintain confidentiality of Confidential
Information shall expire three (3) years from the date of disclosure.

 

		5.4.	Use. All Confidential Information that is disclosed
for the purposes set forth in this Agreement shall be used only to the extent necessary to accomplish the purposes of this Agreement,
shall be subject to the restrictions of this Section 5 (“Confidentiality”) and shall not be used for any other purpose.
The fact that a discussion involving the disclosure of Confidential Information will occur or has occurred shall also be considered
Confidential Information.

 

		5.5.	Property. All Confidential Information that is
owned by the Discloser shall remain the property of Discloser. Recipient’s duty to protect Confidential Information commences
upon receipt of the Confidential Information.

 

		5.6.	Exclusions.
                                         The foregoing restrictions on the use and disclosure of Confidential Information shall
                                         not apply to any Confidential Information:

 

		5.6.1.	independently developed by Recipient or lawfully received
free of restriction from another source having the right to furnish the Confidential Information;

 

		5.6.2.	after it has become generally available to the public
without breach of this Agreement by Recipient;

 

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		5.6.3.	that, at the time of disclosure to Recipient, was known
to Recipient free of restriction as evidenced by documentation in Recipient’s possession; or

 

		5.6.4.	that Discloser agrees in writing is free of such restrictions.

 

		5.7.	Exceptions. Nothing in this Agreement shall prevent
a Recipient from disclosing Confidential Information to the extent the Recipient is legally compelled to do so by any governmental,
investigative or judicial agency pursuant to proceedings over which such agency has jurisdiction, provided that the Recipient
first gives Discloser notice of the required disclosure. In no event shall Recipient’s cooperation with Discloser require Recipient
to take any action which, on the advice of Recipient’s counsel, could result in the imposition of any sanctions or other penalties
against Recipient.

 

		5.8.	No Implied Assurances. None of the Confidential
Information which may be disclosed by Discloser shall constitute any representation, warranty, guarantee, inducement or other
assurance by Discloser of any kind, and, in particular, with respect to the non-infringement of any intellectual property rights,
or any other rights of any third persons or of Discloser.

 

		5.9.	Injunctive Relief. The Parties agree that in the
case of the breach of any provision of this Section 5 (“Confidentiality”), the aggrieved Party may suffer immediate
and irreparable harm and that immediate injunctive relief may therefore be appropriate.

 

		6.	Term and Termination.

 

		6.1.	Term. This Agreement shall commence on the Effective
Date and continue thereafter for a period of five (5) years. Unless terminated earlier pursuant to this Section 6, Licensee shall
have the option to renew this Agreement for additional periods of five (5) years each subject to providing Via with written notice
of Licensee’s election to renew at least thirty (30) days prior to the expiration of the then-current term. As determined
by Via in its reasonable discretion, certain terms and conditions of this Agreement may be subject to change upon renewal. Furthermore,
if Licensors generally increase the License Fees, Licensors have the option to increase the License Fees herein upon any renewal
by the same percentage as the general price increase, but in no event more than twenty-five percent (25%) of the Schedule of Fees.

 

		6.2.	Termination for Breach. Failure to pay or perform
any obligation hereunder within the time prescribed shall constitute an event of material default. Failure to cure any event of
material default within sixty (60) days after receipt of written notice describing the non-performance, or thirty (30) days with
respect to non-payment of funds, shall entitle the Party giving such notice to terminate, or suspend, any or all portions of this
Agreement.

 

		6.3.	Individual Licensor’s Option to Withdraw Patents.
In the event Licensee or any of its Affiliates makes a claim, raises a counterclaim, or files a suit, directly or indirectly,
against a Licensor and/or any of its Affiliates over a patent alleged, or believed in such Licensor’s reasonable judgment,
to be an Essential AAC Patent, then such Licensor may withdraw the grant of license under its and its Affiliates’ Essential
AAC Patent(s) from this Agreement. Upon such withdrawal, Via will promptly notify Licensee, and as of the date of the filing of
such claim, counterclaim, or suit (“Claim Date”), Licensee’s Licensed Patent(s) under this Agreement will cease to include
the Essential AAC Patents of such Licensor and its Affiliates. Via will provide Licensee with a revised Appendix A to this Agreement,
which shall be effective as of the Claim Date.

 

		6.4.	Termination for Convenience. Licensee may terminate
this Agreement at will by providing Via with written notice at least sixty (60) days prior to the effective date of such termination
(the “Termination Date”), with such notice becoming effective only if (i) Licensee has fully performed all of its
payment and other obligations under this Agreement; and (ii) either (a) Licensee certifies to Via in writing prior to the Termination
Date that it has ceased to make, use, import, Sell and Otherwise Supply Licensed Products as of the Termination Date; or (b) prior
to the Termination Date, Via has received written confirmation that Licensee has entered into bilateral agreements with each of
the Licensors covering the practice of the Licensed Patents for making, having made, using, importing, Selling and Otherwise Supplying
Licensed Products for the purpose of encoding or decoding data in accordance with the AAC Standard.

 

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		6.5.	Effect of Termination.

 

		6.5.1.	Effect of Termination on Payments and Reporting.
Upon expiration or termination of this Agreement, the payment date of all monies due and the reporting date of all Quarterly Reports
shall automatically be accelerated so that they shall all become due, payable, and deliverable no later than thirty (30) days
after the effective date of expiration or termination of this Agreement.

 

		6.5.2.	Effect of Termination on License. Upon expiration
or termination, all licenses granted to Licensee hereunder shall revert to Licensors, except that for a period of six (6) months
after the Term of this Agreement, Licensee shall be entitled to fill orders for Licensed Products received prior to expiration
or termination and to make, or have made for it, and to Sell Licensed Products for which commitments to vendors had been made
prior to notice of such expiration or termination (“Sell Off Period”), except when this Agreement is terminated
for material breach the foregoing Sell Off Period shall not apply, but rather the termination provisions set forth in Section
6.2 above (“Termination for Breach”) shall apply. Any expiration or termination of this Agreement pursuant to the
terms in this Section 6 (“Term and Termination”) shall not relieve Licensee of its obligation to account for and make
payments pursuant to the terms of this Agreement for all Licensed Products Sold or Otherwise Supplied by Licensee either prior
or subsequent to the expiration or termination date.

 

		6.6.	Survival. The definitions and the Parties’
rights, duties and obligations which, by their nature, would continue beyond the expiration or termination of this Agreement,
including but not limited to Sections 4.7 (“Books and Records”), 5 (“Confidentiality”), and 7 (“Representations
and Warranties”) shall survive the expiration or termination of this Agreement.

 

		7.	Representations and Warranties.

 

		7.1.	Negation of Representations and Warranties by Via
and Licensors. Via and Licensors, individually and collectively, make no representation, warranty, covenant or claim regarding:

 

		7.1.1.	the scope, validity, enforceability or infringement of
the Licensed Patents; 

 

		7.1.2.	any ongoing maintenance or prosecution of any of the
Licensed Patents;

 

		7.1.3.	any defense of Licensee against any actions or suits
of any nature brought by any third parties;

 

		7.1.4.	any obligation to bring or prosecute any actions or suits
against any third parties for infringement; or

 

		7.1.5.	any sufficiency, adequacy or completeness of the Licensed
Patents for any purpose including but not limited to make, use, import, Sell, or Otherwise Supply Licensed Products.

 

		7.2.	Representations and Warranties by Licensee. Licensee
represents, warrants and covenants that:

 

		7.2.1.	Licensee enters into this Agreement for its own convenience
to acquire non-exclusive rights from multiple Licensors hereto in a single transaction rather than in multiple transactions for
rights to the Licensed Patents which it believes are necessary to make, use, import, Sell, or Otherwise Supply Licensed Products;
and by doing so Licensors and Licensee can achieve economies of scale, reduce transaction costs, integrate complementary technologies,
and promote the AAC Standard;

 

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		7.2.2.	Licensee is aware that the Licensed Patent(s) may not
comprise all the technology, or include licenses to all of the patents required to make, use, import, Sell, or Otherwise Supply
a Licensed Product;

 

		7.2.3.	Licensee acknowledges that Via and Licensors, individually
and collectively, make no representation, warranty, covenant or claim that the Licensed Patents hereunder include all applicable
Essential AAC Patents throughout the world;

 

		7.2.4.	Licensee acknowledges that Via and Licensors, individually
and collectively, make no representation, warranty, covenant or claim that making, using, importing, Selling, or Otherwise Supplying
Licensed Products will not infringe, directly, indirectly, by inducement or otherwise, any patent not licensed hereunder;

 

		7.2.5.	Licensee shall defend, indemnify, and hold Via and the
Licensors, individually and collectively, harmless and free from and against any claim, loss, damage or other liability based
on or otherwise arising out of Licensee’s conduct; provided, however, that notwithstanding the foregoing, Licensee shall
not be obligated to defend, indemnify and hold Via or the Licensors harmless from and against a claim, loss, damage or liability
based on or otherwise arising out of conduct by Via or the Licensors;

 

		7.2.6.	Licensee acknowledges that Via and the Licensors have
not investigated Licensee’s particular Licensed Product(s) and that to the extent such Licensed Product(s) include features not
necessarily and unavoidably required by the practice of the AAC Standard such features may infringe patents and/or intellectual
property rights owned by the Licensors which are not included in the Licensed Patent(s);

 

		7.2.7.	Licensee has not, in contemplation of signing this Agreement,
made an assignment of, or granted an exclusive license to, any Essential AAC Patent to any third party. During the Term, any assignment
made or exclusive license granted by Licensee of any Essential AAC Patent may only be assigned or licensed under the condition
that such Essential AAC Patent continues to be subject to the obligation to offer a license to all Licensors and all other licensees
under an AAC Patent License Agreement administered by License Administrator pursuant to the terms and conditions of this Agreement.

 

		7.3.	Representations and Warranties by Each Party.
Each Party represents, covenants and warrants that:

 

		7.3.1.	this Agreement does not violate any of that Party’s
existing agreements;

 

		7.3.2.	such Party has the authority, power and right to convey
the rights or accept the obligations created hereunder.

 

		7.4.	WARRANTY DISCLAIMER. THE FOREGOING REPRESENTATIONS
AND WARRANTIES ARE IN LIEU OF ALL OTHER REPRESENTATIONS AND WARRANTIES, AND EXCEPT FOR THE EXPRESS REPRESENTATIONS AND WARRANTIES
SET FORTH IN THIS SECTION 7 (“REPRESENTATIONS AND WARRANTIES”), VIA AND THE LICENSORS MAKE NO WARRANTY OF ANY TYPE
OR OF ANY KIND WHATSOEVER ARISING OUT OF OR IN CONNECTION WITH THIS AGREEMENT, AND HEREBY DISCLAIM AND EXCLUDE ALL OTHER WARRANTIES,
WHETHER STATUTORY, EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION THE IMPLIED WARRANTIES OF TITLE, MERCHANTABILITY, FITNESS
FOR A PARTICULAR PURPOSE AND NON-INFRINGEMENT OF THIRD-PARTY RIGHTS.

 

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		7.5.	WAIVER OF CONSEQUENTIAL DAMAGES AND OTHER INDIRECT
DAMAGES. VIA AND THE LICENSORS SHALL NOT BE LIABLE FOR ANY CONSEQUENTIAL, INCIDENTAL, SPECIAL, PUNITIVE OR OTHER INDIRECT
DAMAGES OF ANY TYPE OR OF ANY KIND WHATSOEVER ARISING OUT OF OR IN CONNECTION WITH THIS AGREEMENT, REGARDLESS OF THE FORM OF THE
ACTION, WHETHER IN CONTRACT, TORT (INCLUDING NEGLIGENCE), STRICT PRODUCT LIABILITY OR OTHERWISE, EVEN IF ANY REPRESENTATIVE OF
VIA OR ANY OF THE LICENSORS HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

 

		7.6.	LIMITATION OF REMEDIES AND LIMITATION OF LIABILITY.
IN ALL EVENTS, LICENSEE’S SOLE REMEDY UNDER THIS AGREEMENT FOR ANY CLAIM OF BREACH SHALL BE TO TERMINATE THIS AGREEMENT.
IN NO EVENT SHALL VIA’S AND LICENSORS’ AGGREGATE CUMULATIVE LIABILITY TO LICENSEE FOR DAMAGES UNDER THIS AGREEMENT EXCEED
THE AMOUNTS DUE TO VIA BUT UNPAID BY LICENSEE OR THE AMOUNTS PAID BY LICENSEE TO VIA IN THE TWELVE MONTH PERIOD IMMEDIATELY PRIOR
TO THE FIRST EVENT GIVING RISE TO THE LIABILITY, WHICHEVER IS LESS.

 

		7.7.	FAILURE OF ESSENTIAL PURPOSE. THE PARTIES AGREE
THAT THE LIMITATIONS SPECIFIED IN SECTION 7.6 (“LIMITATION OF REMEDIES AND LIMITATION OF LIABILITY”) SHALL APPLY EVEN
IF THIS AGREEMENT OR ANY LIMITED REMEDY SPECIFIED HEREIN IS FOUND TO HAVE FAILED OF ITS ESSENTIAL PURPOSE.

 

		7.8.	Express Allocation of Risks and Benefits. All
of the terms and conditions in this Section 7 (“Representations and Warranties”) have been expressly accepted by the
Parties and represent the bargained for allocations of risks and benefits under this Agreement which are reflected in the financial
terms between the Parties in this Agreement. This allocation is an essential element of the basis of the bargain between the Parties.

 

		8.	Right to Independent Negotiation.

 

		8.1.	Acknowledgements. Licensee understands and acknowledges
that the Licensed Patents are offered to be licensed for the convenience of Licensee, and Licensee is free to negotiate licenses
and/or fees for the Licensed Patents directly with the Licensors independently, individually and directly on mutually acceptable
terms and conditions which may be different from those set forth in this Agreement.

 

		8.2.	Independent Negotiations. Licensee also understands
and acknowledges that Licensee is free to conduct the negotiations described in this Section 8 (“Right to Independent Negotiation”)
simultaneously with any or all of the Licensors independently, individually and directly.

 

		9.	General.

 

		9.1.	Section Titles. Section titles are intended only
to aid and assist the reader as an index device and are not intended to be substantive or fully descriptive of the contents of
the section or to be used for construction or interpretation.

 

		9.2.	Assignment. Licensee shall not assign this Agreement
or delegate any of its rights, duties or obligations hereunder without the prior written consent of Via, except in connection
with Licensee’s merger with another entity, or sale to another entity of its entire business, or substantially all of the
assets used to carry out the business related to practice of the technology to which this Agreement pertains, provided that such
entity shall promptly agree in writing with Via to perform all Licensee’s obligations and duties hereunder. Any attempt
to do so without such consent is void. Via may assign the administration and management of this Agreement or its rights, interests
and obligations under this Agreement to a successor in connection with a merger with or acquisition by or sale of all of Via’s
assets, or in the event the Licensors designate a different license administrator. Subject to the foregoing, this Agreement shall
be binding on and inure to the benefit of the Parties and their respective successors and permitted assigns.

 

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		9.3.	Compliance with Laws. Licensee will comply with
all applicable laws and regulations, including any applicable laws and regulations relating to export, import, and applicable
royalty withholding laws and regulations, and will defend and hold Via and all Licensors harmless from any expense or damage resulting
from Licensee’s violation or alleged violation of any such law or regulation. Licensee shall not export or re-export any
data acquired from Licensors under this Agreement, or the direct product thereof, to any country in contravention of applicable
law.

 

		9.4.	Costs. Any covenant requiring a Party to perform
or provide an act or service shall be construed to impose upon such Party the burden of the cost thereof unless otherwise provided
for herein.

 

		9.5.	Assertion of Unenforceability. In the event that
any provision of this Agreement shall be unenforceable or invalid under any applicable law or be so held by applicable court decision,
such unenforceability or invalidity shall not render this Agreement unenforceable or invalid as a whole, and the unenforceable
or invalid provision shall be amended to achieve as closely as possible the economic effect of the original provision.

 

		9.6.	Modification and Waiver. No provision of this
Agreement shall be deemed modified by any act or omission of a Party or its agents, or by failure to object to any acts of a Party
which may be inconsistent with the terms of this Agreement. No waiver of a breach committed by a Party in one instance shall constitute
a waiver or permission to commit or continue breaches in other or like instances. This Agreement shall not be amended or modified
other than by a duly executed amendment signed by authorized representatives of the Parties, except that Via may provide updates
to Appendix A, and the Parties may provide updates to contact information, addresses and other administrative matters via written
notice, email, facsimile, or as provided in Section 4.5.7 above.

 

		9.7.	Calendar Days. All references to days under this
Agreement are a reference to calendar days; thus, for example, when action is required “within thirty (30) days” then
in all cases such action is required within thirty (30) calendar days.

 

		9.8.	Notices. All notices and communication shall be
in written English, to the addresses below, or to such other contact information as either Party may designate pursuant to proper
notice, and, except to the extent an alternative means is specified below or elsewhere in this Agreement, sent by an internationally-recognized
courier service that provides proof of delivery. All notices so provided shall be deemed effective upon receipt as indicated by
such proof, and in no case later than ten (10) days after sending. Notwithstanding the foregoing, Via may send notices updating
contact information, addresses and other administrative matters, and any updates to the list of Licensors and Licensed Patents
in Appendix A pursuant to Sections 2.6.2 or 6.3 or otherwise, via email, facsimile, as provided in Section 4.5.7 above, or other
electronic means. The parties may agree on additional procedures for electronic communication; such agreement may be entered into
by electronic means. If and when so entered into, such procedures will be deemed to be incorporated into the notice procedures
set forth in this Section 9.8 (“Notices”). All fees payable to Via shall be paid by check tendered to the following
address or wire transfer to the bank and account set forth in the applicable invoice from Via (or such other payment addresses
or bank account as Via shall designate in writing):

 

Via Licensing Corporation

Attention: AAC License Administrator

1275 Market Street

San Francisco, CA 94103

Telephone: (415) 645-4700

 

Notices to Licensee shall be sent to the address
on page 1, or to the following if specified:

 

Company:

Attn:

Address:

Fax:

Email: gerry@siyatamobile.com

 

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		9.9.	Dispute Resolution. This Agreement shall be governed
by, and construed in accordance with, the substantive law of the State of California and applicable federal law of the United
States, but without regard to choice of law provisions thereof. This Agreement shall be deemed to have been made and entered into
in San Francisco, California. The Parties hereby submit to the jurisdiction of, and waive any venue objections against, the United
States District Court for the Northern District of California, San Francisco Division and the Superior Court of the State of California,
San Francisco County, in any litigation arising out of or relating to this Agreement. In the event that any action is brought
to resolve any dispute under this Agreement, the prevailing Party shall be entitled to recover from the other Party all costs
and expenses incurred in that action as well as any appeal therefrom, including all reasonable attorney’s fees and costs. Licensee
shall not object to any enforcement action brought by Via under this Agreement on the basis that the Licensors should be required
to seek, maintain, or be joined to such action. Each Party expressly waives the defense of sovereign immunity and any other defense
based on the fact or allegation that it is an agency or instrumentality of a sovereign state.

 

		9.10.	Relationship of the Parties. The Parties are independent
contractors. There is no relationship of partnership, joint venture, employment, franchise or other agency between Via and Licensee,
and neither Via nor Licensee has the authority to bind the other or incur any obligation on behalf of the other.

 

		9.11.	Controlling Language. This Agreement and the Appendices
hereto are prepared and executed in the English language only, which language shall be controlling in all respects. Any translations
of this Agreement into any other language are for reference only and shall have no legal or other effect. Any notice which is
required or permitted to be given by one Party to the other under this Agreement shall be in the English language and shall be
in writing. All proceedings related to this Agreement shall be conducted in the English language.

 

		9.12.	Third Party Beneficiary. Licensee acknowledges
and agrees that each Licensor is a direct and intended third party beneficiary of those provisions of this Agreement expressly
or implicitly referencing Licensor and Licensor shall be entitled to enforce the terms of such provisions directly against Licensee.
Nothing in this Agreement, express or implied, is intended to or shall confer upon Licensee or any other third party any right,
benefit or remedy of any nature whatsoever under or by reason of any separate agreement between any of Via, the Licensors or any
third party. Except for each Licensor and the Parties, nothing in this Agreement, express or implied, is intended to or shall
confer upon any other person any right, benefit or remedy of any nature whatsoever under or by reason of this Agreement.

 

		9.13.	Counterparts. This Agreement may be executed,
whether in person or by facsimile transmission, simultaneously in counterpart, each of which shall be deemed to be an original,
but all of which together shall constitute one and the same Agreement.

 

		9.14.	Review by Counsel. Each Party hereby acknowledges
and agrees that it is sophisticated and has consulted legal counsel with respect to this transaction. As a consequence, the Parties
expressly waive any presumption of any statutory or common law rule relating to the interpretation of contracts against the drafter.

 

		9.15.	Entire Agreement. This Agreement, together with
the Appendices attached hereto and incorporated by this reference, contains the entire agreement between Via and Licensee, and
supersedes all other prior or contemporaneous representations, discussions, negotiations and agreements, whether written or oral
between them relating to the subject matter hereof.

 

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APPENDIX A

 

AAC STANDARD, LICENSORS, AND LICENSED PATENTS

 

The patent license granted herein may only be
used for the practice of the following Audio Object Types (AOTs) and/or Profiles as defined in the AAC Standard:

 

MPEG-4 AAC Profile, including MPEG-2 AAC LC

MPEG-4 High Efficiency AAC Profile, including MPEG-2
AAC LC in combination with SBR

MPEG-4 High Efficiency AAC v2 Profile

MPEG-4 Low Delay AAC Profile

MPEG-4 Low Delay AAC v2 Profile

MPEG 4 Error Resilient AAC Scalable (AOT 20)

MPEG-4 Error Resilient AAC Enhanced Low Delay (AOT
39)

MPEG-D Extended HE-AAC Profile

 

Licensors:

 

		●	Dolby International AB Apollo
Building, 3E, Herikerbergweg 1-35, 1101 CN Amsterdam Zuidoost, The Netherlands and Dolby Laboratories Licensing Corporation
1275 Market Street San Francisco CA 94103-1410 USA (together, “Dolby”)

		●	Electronics and Telecommunications
Research Institute (ETRI) 218 Gajeong-ro, Yuseong-gu, Daejeon, Korea

		●	Fraunhofer Gesellschaft zur Foerderung
der angewandten Forschung e.V (Fraunhofer) Hansastrasse 27c Munich 80686 Federal Republic of Germany

		●	JVC KENWOOD Corporation 3-12,
Moriyacho, kanagawa-ku, Yokohama-shi, Kanagawa, 221-0022 Japan

		●	Koninklijke Philips N.V. (Philips) PO Box 220 5600 AE Eindhoven
Netherlands

		●	Microsoft Corporation, One Microsoft Way, Redmond, WA, 98052-6399
USA

		●	NEC Corporation 7-1 Shiba 5-chome Minato-ku Tokyo 108-8001
Japan

		●	NTT DOCOMO, INC.
Sanno Park Tower, 11-1, Nagata-cho 2 chome, Chiyoda-ku, Tokyo 100-6150 Japan

		●	ORANGE SA Orange Gardens, Room
1E-4-86, 44, avenue de la Republique, Chatillon 92320 France

		●	Panasonic Corporation
7F & 8F OBP Panasonic Tower, 2-1-61 Shiromi, Chuo-ku, Osaka City 540-6207 Japan

		●	Sony Corporation 1-7-1- Konan,
Minato-ku, Tokyo 108-0075 Japan

		●	Telefonaktiebolaget
LM Ericsson (publ) (Ericsson) Torshamnsgatan 23, SE-164 83 Stockholm Sweden

		●	VoiceAge Corporation 750 Chemin
Lucerne, Mont-Royal, QC H3R 2H6, Canada

 

List of Licensed Patents:

 

	Patent Holder(s)	 	Country	 	Patent Number
	Dolby	 	AR	 	061807
	Dolby	 	AU	 	2003270114
	Dolby	 	AU	 	2006235812
	Dolby	 	AU	 	2006235813
	Dolby	 	AU	 	2006336954
	Dolby	 	AU	 	2010215469
	Dolby	 	AU	 	2010257205
	Dolby	 	BR	 	122015007138-0
	Dolby	 	BR	 	122015007141-0
	Dolby	 	BR	 	122015007146-1
	Dolby	 	BR	 	PI0009138-3
	Dolby	 	BR	 	PI0014642-0

 

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	Patent Holder(s)	 	Country	 	Patent Number
	Dolby	 	BR	 	PI0111362-3
	Dolby	 	BR	 	PI9805989-0
	Dolby	 	CA	 	2496665
	Dolby	 	CA	 	2640431
	Dolby	 	CA	 	2688871
	Dolby	 	CA	 	2688916
	Dolby	 	CN	 	ZL00813602.5
	Dolby	 	CN	 	ZL01809978.5
	Dolby	 	CN	 	ZL01818972.5
	Dolby	 	CN	 	ZL01820576.3
	Dolby	 	CN	 	ZL02806796.7
	Dolby	 	CN	 	ZL02811036.6
	Dolby	 	CN	 	ZL02813646.2
	Dolby	 	CN	 	ZL02820840.4
	Dolby	 	CN	 	ZL03822145.4
	Dolby	 	CN	 	ZL200410045997.9
	Dolby	 	CN	 	ZL200410100078.7
	Dolby	 	CN	 	ZL200480011462.8
	Dolby	 	CN	 	ZL200510107590.9
	Dolby	 	CN	 	ZL200510109957.0
	Dolby	 	CN	 	ZL200510109958.5
	Dolby	 	CN	 	ZL200510109959.X
	Dolby	 	CN	 	ZL200510109960.2
	Dolby	 	CN	 	ZL200510116027.8
	Dolby	 	CN	 	ZL200580007351.4
	Dolby	 	CN	 	ZL200580018659.9
	Dolby	 	CN	 	ZL200610008886.X
	Dolby	 	CN	 	ZL200610008887.4
	Dolby	 	CN	 	ZL200680053841.2
	Dolby	 	CN	 	ZL200710089097.8
	Dolby	 	CN	 	ZL200780032661.0
	Dolby	 	CN	 	ZL200910009864.9
	Dolby	 	CN	 	ZL200910009865.3
	Dolby	 	CN	 	ZL200910158611.8
	Dolby	 	CN	 	ZL200910158612.2
	Dolby	 	CN	 	ZL200910165019.0
	Dolby	 	CN	 	ZL201010162942.1
	Dolby	 	CN	 	ZL201010183360.1
	Dolby	 	CN	 	ZL201010212976.7
	Dolby	 	CN	 	ZL201010222389.6
	Dolby	 	CN	 	ZL201010576370.1
	Dolby	 	CN	 	ZL201110402525.4
	Dolby	 	CN	 	ZL201110402529.2
	Dolby	 	CN	 	ZL98800792.4
	Dolby	 	EP (AT,BE,CH,DE,DK,ES,FI,FR,GB,IE,IT,LI,NL,PT)	 	0940015
	Dolby	 	EP (AT,BE,CH,DE,DK,ES,FI,FR,GB,IE,IT,LI,NL,PT,SE)	 	1216474
	Dolby	 	EP (DE,FI,FR,GB,NL,SE)	 	1285436
	Dolby	 	EP (AT,BE,CH,DE,DK,ES,FI,FR,GB,IE,IT,LI,NL,PT,SE,TR)	 	1334484
	Dolby	 	EP (AT,BE,CH,DE,DK,ES,FI,FR,GB,IE,IT,LI,NL,PT,SE)	 	1342230
	Dolby	 	EP (AT,BE,CH,DE,DK,ES,FI,FR,GB,IE,IT,LI,NL,PT)	 	1367566
	Dolby	 	EP (DE,ES,FI,FR,GB,IT,NL,SE,TR)	 	1374399
	Dolby	 	EP (AT,BE,CH,DE,DK,ES,FI,FR,GB,IE,IT,LI,NL,PT,SE,TR)	 	1408484

 

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	Patent Holder(s)	 	Country	 	Patent Number
	Dolby	 	EP (DE,ES,FI,FR,GB,IT,NL,SE,TR)	 	1410687
	Dolby	 	EP (AT,BE,CH,DE,DK,ES,FI,FR,GB,IE,IT,LI,NL,PT,SE)	 	1423847
	Dolby	 	EP (DE,FR,GB,NL)	 	1444688
	Dolby	 	EP (DE,ES,FI,FR,GB,IT,NL,SE,TR)	 	1527517
	Dolby	 	EP (CH,DE,FR,GB,LI,NL,SE)	 	1600945
	Dolby	 	EP (CH,DE,ES,FI,FR,GB,IT,LI,NL,SE)	 	1603117
	Dolby	 	EP (DE,ES,FI,FR,GB,IT,NL,SE,TR)	 	1603119
	Dolby	 	EP (DE,FR,GB)	 	1616461
	Dolby	 	EP (AT,BE,CH,DE,DK,ES,FI,FR,GB,IE,IT,LI,NL,PT,SE)	 	1617418
	Dolby	 	EP (DE,ES,FI,FR,GB,IT,NL,SE,TR)	 	1635461
	Dolby	 	EP (AT,BE,CH,DE,DK,ES,FI,FR,GB,IT,LI,NL,SE)	 	1643642
	Dolby	 	EP (DE,ES,FI,FR,GB,IT,NL,PL,SE,TR)	 	1695338
	Dolby	 	EP (DE,ES,FI,FR,GB,IT,NL,PL,SE,TR)	 	1735775
	Dolby	 	EP (AT,CH,DE,DK,ES,FI,FR,GB,IT,LI,NL,PL,SE,TR)	 	1768454
	Dolby	 	EP (DE,FR,GB)	 	1807824
	Dolby	 	EP (DE,FR,GB)	 	1909265
	Dolby	 	EP (AT,BE,CH,DE,DK,ES,FI,FR,GB,IE,IT,LI,NL,PT,SE)	 	1914728
	Dolby	 	EP (AT,BE,CH,DE,DK,ES,FI,FR,GB,GR,IE,IT,LI,LU,NL, PT,SE)	 	1914729
	Dolby	 	EP (CH,DE,FR,GB,LI,NL,SE)	 	1977510
	Dolby	 	EP (AT,BE,CH,DE,DK,ES,FI,FR,GB,IT,LI,NL,SE)	 	1986321
	Dolby	 	EP (AT,BE,CH,CZ,DE,DK,ES,FI,FR,GB,GR,IE,IT,LI,LU, NL,SE,TR)	 	2015292
	Dolby	 	EP (DE,FR,GB,LT,LV,SI)	 	2024967
	Dolby	 	EP (CH,DE,ES,FR,GB,IT,LI,NL,SE,TR)	 	2036201
	Dolby	 	EP (DE,ES,FR,GB,IT,SE)	 	2216776
	Dolby	 	EP (AT,BE,CH,DE,DK,ES,FI,FR,GB,IT,LI,NL,SE)	 	2239847
	Dolby	 	EP (AT,BE,CH,DE,DK,ES,FI,FR,GB,IT,LI,NL,SE)	 	2249336
	Dolby	 	EP (DE,FR,GB)	 	2337223
	Dolby	 	EP (AT,BE,CH,DE,DK,ES,FR,GB,IE,IT,LI,NL,PL,SE,TR)	 	2337224
	Dolby	 	EP (AT,CH,CZ,DE,ES,FI,FR,GB,IT,LI,NL,PL,SE,TR)	 	2975764
	Dolby	 	HK	 	1030843
	Dolby	 	HK	 	1049401
	Dolby	 	HK	 	1056429
	Dolby	 	HK	 	1057815
	Dolby	 	HK	 	1058096
	Dolby	 	HK	 	1060450
	Dolby	 	HK	 	1062349
	Dolby	 	HK	 	1062350
	Dolby	 	HK	 	1062624
	Dolby	 	HK	 	1067954
	Dolby	 	HK	 	1077413
	Dolby	 	HK	 	1080206
	Dolby	 	HK	 	1080208
	Dolby	 	HK	 	1080979
	Dolby	 	HK	 	1081715
	Dolby	 	HK	 	1082093
	Dolby	 	HK	 	1093594
	Dolby	 	HK	 	1093812
	Dolby	 	HK	 	1094077
	Dolby	 	HK	 	1099882
	Dolby	 	HK	 	1106862
	Dolby	 	HK	 	1120938
	Dolby	 	HK	 	1124156

 

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	Patent Holder(s)	 	Country	 	Patent Number
	Dolby	 	HK	 	1124950
	Dolby	 	HK	 	1129169
	Dolby	 	HK	 	1131473
	Dolby	 	HK	 	1140572
	Dolby	 	HK	 	1141149
	Dolby	 	HK	 	1142454
	Dolby	 	HK	 	1144043
	Dolby	 	HK	 	1145728
	Dolby	 	HK	 	1150687
	Dolby	 	ID	 	0022349
	Dolby	 	ID	 	0032438
	Dolby	 	IN	 	224775
	Dolby	 	IN	 	230121
	Dolby	 	IN	 	234014
	Dolby	 	IN	 	238265
	Dolby	 	IN	 	242206
	Dolby	 	IN	 	255436
	Dolby	 	IN	 	263883
	Dolby	 	IN	 	264129
	Dolby	 	IN	 	267905
	Dolby	 	IN	 	269029
	Dolby	 	IN	 	270243
	Dolby	 	IN	 	285130
	Dolby	 	IN	 	286020
	Dolby	 	JP	 	3870193
	Dolby	 	JP	 	3926726
	Dolby	 	JP	 	3954495
	Dolby	 	JP	 	3977744
	Dolby	 	JP	 	4035631
	Dolby	 	JP	 	4220461
	Dolby	 	JP	 	4289815
	Dolby	 	JP	 	4328720
	Dolby	 	JP	 	4334526
	Dolby	 	JP	 	4377302
	Dolby	 	JP	 	4447317
	Dolby	 	JP	 	4474347
	Dolby	 	JP	 	4511443
	Dolby	 	JP	 	4519783
	Dolby	 	JP	 	4519784
	Dolby	 	JP	 	4527716
	Dolby	 	JP	 	4589962
	Dolby	 	JP	 	4602375
	Dolby	 	JP	 	4603037
	Dolby	 	JP	 	4628921
	Dolby	 	JP	 	4700467
	Dolby	 	JP	 	4786987
	Dolby	 	JP	 	4834153
	Dolby	 	JP	 	4852122
	Dolby	 	JP	 	4852123
	Dolby	 	JP	 	4878384
	Dolby	 	JP	 	4991397
	Dolby	 	JP	 	5090390
	Dolby	 	JP	 	5132627

 

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	Patent Holder(s)	 	Country	 	Patent Number
	Dolby	 	JP	 	5133397
	Dolby	 	JP	 	5185337
	Dolby	 	JP	 	5186444
	Dolby	 	JP	 	5186543
	Dolby	 	JP	 	5326020
	Dolby	 	JP	 	5427270
	Dolby	 	JP	 	5452936
	Dolby	 	JP	 	5557467
	Dolby	 	JP	 	5577187
	Dolby	 	JP	 	5689820
	Dolby	 	JP	 	5933965
	Dolby	 	KR	 	KR10-0517229
	Dolby	 	KR	 	KR10-0551862
	Dolby	 	KR	 	KR10-0565821
	Dolby	 	KR	 	KR10-0648760
	Dolby	 	KR	 	KR10-0649299
	Dolby	 	KR	 	KR10-0666813
	Dolby	 	KR	 	KR10-0666814
	Dolby	 	KR	 	KR10-0666815
	Dolby	 	KR	 	KR10-0679376
	Dolby	 	KR	 	KR10-0697255
	Dolby	 	KR	 	KR10-0717604
	Dolby	 	KR	 	KR10-0717607
	Dolby	 	KR	 	KR10-0848365
	Dolby	 	KR	 	KR10-0848367
	Dolby	 	KR	 	KR10-0890201
	Dolby	 	KR	 	KR10-0890203
	Dolby	 	KR	 	KR10-0935961
	Dolby	 	KR	 	KR10-0959971
	Dolby	 	KR	 	KR10-1004834
	Dolby	 	KR	 	KR10-1495064
	Dolby	 	KR	 	KR10-1657506
	Dolby	 	KR	 	KR10-1667244
	Dolby	 	MX	 	257664
	Dolby	 	MX	 	284090
	Dolby	 	MX	 	284332
	Dolby	 	MX	 	287155
	Dolby	 	MX	 	307488
	Dolby	 	MX	 	312884
	Dolby	 	MX	 	313059
	Dolby	 	MY	 	151651
	Dolby	 	MY	 	144430-A
	Dolby	 	MY	 	154144-A
	Dolby	 	MY	 	157026-A
	Dolby	 	NO	 	335321
	Dolby	 	NO	 	336926
	Dolby	 	NO	 	336930
	Dolby	 	NO	 	339847
	Dolby	 	NO	 	340225
	Dolby	 	NO	 	340385
	Dolby	 	RU	 	2236046
	Dolby	 	RU	 	2251795
	Dolby	 	RU	 	2256293

 

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	Patent Holder(s)	 	Country	 	Patent Number
	Dolby	 	RU	 	2402872
	Dolby	 	RU	 	2453986
	Dolby	 	RU	 	2484579
	Dolby	 	RU	 	2507678
	Dolby	 	SE	 	0512719
	Dolby	 	SG	 	110461
	Dolby	 	SG	 	144562
	Dolby	 	TW	 	I313857
	Dolby	 	TW	 	I325685
	Dolby	 	TW	 	I330826
	Dolby	 	TW	 	I334736
	Dolby	 	TW	 	I338461
	Dolby	 	TW	 	I351022
	Dolby	 	TW	 	I458258
	Dolby	 	TW	 	I458365
	Dolby	 	UA	 	79301
	Dolby	 	UA	 	91890
	Dolby	 	US	 	6978236
	Dolby	 	US	 	7003451
	Dolby	 	US	 	7050972
	Dolby	 	US	 	7139702
	Dolby	 	US	 	7181389
	Dolby	 	US	 	7191121
	Dolby	 	US	 	7283955
	Dolby	 	US	 	7308401
	Dolby	 	US	 	7382886
	Dolby	 	US	 	7433817
	Dolby	 	US	 	7469206
	Dolby	 	US	 	7483758
	Dolby	 	US	 	7487097
	Dolby	 	US	 	7509254
	Dolby	 	US	 	7548864
	Dolby	 	US	 	7564978
	Dolby	 	US	 	7577570
	Dolby	 	US	 	7590543
	Dolby	 	US	 	7680552
	Dolby	 	US	 	7711552
	Dolby	 	US	 	7783496
	Dolby	 	US	 	7986789
	Dolby	 	US	 	8014534
	Dolby	 	US	 	8019612
	Dolby	 	US	 	8027479
	Dolby	 	US	 	8036880
	Dolby	 	US	 	8036881
	Dolby	 	US	 	8036882
	Dolby	 	US	 	8059826
	Dolby	 	US	 	8081763
	Dolby	 	US	 	8108209
	Dolby	 	US	 	8112284
	Dolby	 	US	 	8116460
	Dolby	 	US	 	8145475
	Dolby	 	US	 	8223976
	Dolby	 	US	 	8243936

 

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	Patent Holder(s)	 	Country	 	Patent Number
	Dolby	 	US	 	8255212
	Dolby	 	US	 	8255233
	Dolby	 	US	 	8315859
	Dolby	 	US	 	8346566
	Dolby	 	US	 	8412365
	Dolby	 	US	 	8447621
	Dolby	 	US	 	8498876
	Dolby	 	US	 	8538031
	Dolby	 	US	 	8543232
	Dolby	 	US	 	8543385
	Dolby	 	US	 	8605911
	Dolby	 	US	 	8606587
	Dolby	 	US	 	8738369
	Dolby	 	US	 	8818541
	Dolby	 	US	 	8880572
	Dolby	 	US	 	8935156
	Dolby	 	US	 	8948405
	Dolby	 	US	 	9218818
	Dolby	 	US	 	9245533
	Dolby	 	US	 	9245534
	Dolby	 	US	 	9318118
	Dolby	 	US	 	9349382
	Dolby	 	US	 	RE43189
	Dolby	 	VN	 	6033
	Dolby	 	VN	 	12967
	Dolby	 	ZA	 	20050873
	Dolby	 	AU	 	2003237295
	Dolby	 	AU	 	2003239126
	Dolby	 	AU	 	2003243441
	Dolby	 	AU	 	2005219956
	Dolby	 	AU	 	2005280392
	Dolby	 	AU	 	2007243586
	Dolby	 	AU	 	2011200680
	Dolby	 	CA	 	2475460
	Dolby	 	CA	 	2489441
	Dolby	 	CA	 	2489443
	Dolby	 	CA	 	2556575
	Dolby	 	CA	 	2589623
	Dolby	 	CA	 	2648237
	Dolby	 	CA	 	2736060
	Dolby	 	CA	 	2736065
	Dolby	 	CN	 	ZL03805096.X
	Dolby	 	CN	 	ZL03813967.7
	Dolby	 	CN	 	ZL03813969.3
	Dolby	 	CN	 	ZL200580006783.3
	Dolby	 	CN	 	ZL200580027587.4
	Dolby	 	CN	 	ZL200710137399.8
	Dolby	 	CN	 	ZL200780014742.8
	Dolby	 	CN	 	ZL200910138855.X
	Dolby	 	CN	 	ZL201110236398.5
	Dolby	 	EP (DE,ES,FR,GB,IT,NL)	 	1914722
	Dolby	 	EP (AT,BE,DE,FR,GB,TR)	 	2065885
	Dolby	 	EP (BG,DE,EE,FR,GB,IE,SI,SK,TR)	 	2194528

 

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	Patent Holder(s)	 	Country	 	Patent Number
	Dolby	 	EP (DE,DK,FR,GB,NL,SI)	 	2207169
	Dolby	 	EP (CH,DE,FR,GB,IE,LI,SE)	 	2207170
	Dolby	 	EP (DE,FR,GB,HU,IS,SE)	 	2224430
	Dolby	 	HK	 	1070728
	Dolby	 	HK	 	1070729
	Dolby	 	HK	 	1092580
	Dolby	 	HK	 	1114233
	Dolby	 	HK	 	1119820
	Dolby	 	HK	 	1126902
	Dolby	 	HK	 	1146145
	Dolby	 	HK	 	1146146
	Dolby	 	ID	 	0021495
	Dolby	 	ID	 	0021855
	Dolby	 	ID	 	0025322
	Dolby	 	ID	 	0025693
	Dolby	 	ID	 	0025846
	Dolby	 	ID	 	0036215
	Dolby	 	IL	 	165648
	Dolby	 	IL	 	165650
	Dolby	 	IL	 	177094
	Dolby	 	IL	 	181407
	Dolby	 	IL	 	194430
	Dolby	 	IL	 	201469
	Dolby	 	IL	 	216068
	Dolby	 	IL	 	216069
	Dolby	 	IN	 	236328
	Dolby	 	IN	 	236917
	Dolby	 	IN	 	247787
	Dolby	 	IN	 	259090
	Dolby	 	IN	 	261624
	Dolby	 	IN	 	262071
	Dolby	 	JP	 	4345890
	Dolby	 	JP	 	5038138
	Dolby	 	JP	 	5253564
	Dolby	 	JP	 	5253565
	Dolby	 	JP	 	5292498
	Dolby	 	KR	 	KR10-0986152
	Dolby	 	KR	 	KR10-0986153
	Dolby	 	KR	 	KR10-0991448
	Dolby	 	KR	 	KR10-1005731
	Dolby	 	KR	 	KR10-1139880
	Dolby	 	KR	 	KR10-1253699
	Dolby	 	MX	 	254933
	Dolby	 	MX	 	257474
	Dolby	 	MX	 	269371
	Dolby	 	MX	 	281100
	Dolby	 	MX	 	286694
	Dolby	 	MX	 	299092
	Dolby	 	MX	 	305432
	Dolby	 	MY	 	136521-A
	Dolby	 	MY	 	140567-A
	Dolby	 	MY	 	141426-A
	Dolby	 	MY	 	145083-A

 

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	Patent Holder(s)	 	Country	 	Patent Number
	Dolby	 	MY	 	151318-A
	Dolby	 	MY	 	159022-A
	Dolby	 	NO	 	339346
	Dolby	 	PL	 	207861
	Dolby	 	PL	 	208344
	Dolby	 	RU	 	2417514
	Dolby	 	SG	 	101112
	Dolby	 	SG	 	108044
	Dolby	 	SG	 	125013
	Dolby	 	SG	 	129669
	Dolby	 	SG	 	146885
	Dolby	 	SG	 	149871
	Dolby	 	SG	 	173224
	Dolby	 	SG	 	177013
	Dolby	 	TW	 	I352969
	Dolby	 	TW	 	I393120
	Dolby	 	TW	 	I397902
	Dolby	 	TW	 	I455481
	Dolby	 	TW	 	I498882
	Dolby	 	UA	 	93243
	Dolby	 	US	 	6778709
	Dolby	 	US	 	7337118
	Dolby	 	US	 	7945449
	Dolby	 	US	 	8032387
	Dolby	 	US	 	8050933
	Dolby	 	US	 	8126709
	Dolby	 	US	 	8144881
	Dolby	 	US	 	8170882
	Dolby	 	US	 	8255211
	Dolby	 	US	 	8983834
	Dolby	 	US	 	9165562
	Dolby	 	US	 	9311922
	Dolby	 	US	 	9324328
	Dolby	 	VN	 	9166
	Ericsson	 	EP (DE,FR,GB,IT)	 	1141946
	Ericsson	 	US	 	6182030
	ETRI	 	US	 	8954321
	Fraunhofer	 	AR	 	063394
	Fraunhofer	 	AR	 	063400
	Fraunhofer	 	AU	 	711082
	Fraunhofer	 	AU	 	716982
	Fraunhofer	 	AU	 	723582
	Fraunhofer	 	AU	 	726762
	Fraunhofer	 	AU	 	747694
	Fraunhofer	 	AU	 	754723
	Fraunhofer	 	AU	 	754877
	Fraunhofer	 	AU	 	2004306509
	Fraunhofer	 	AU	 	2005204715
	Fraunhofer	 	AU	 	2005299068
	Fraunhofer	 	AU	 	2005299070
	Fraunhofer	 	AU	 	2005324210
	Fraunhofer	 	AU	 	2006233511
	Fraunhofer	 	AU	 	2006233512

 

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	Patent Holder(s)	 	Country	 	Patent Number
	Fraunhofer	 	AU	 	2006233513
	Fraunhofer	 	AU	 	2006272127
	Fraunhofer	 	AU	 	2006340728
	Fraunhofer	 	AU	 	2007308415
	Fraunhofer	 	AU	 	2007308416
	Fraunhofer	 	AU	 	2007312667
	Fraunhofer	 	AU	 	2007312696
	Fraunhofer	 	CA	 	2267219
	Fraunhofer	 	CA	 	2284220
	Fraunhofer	 	CA	 	2286068
	Fraunhofer	 	CA	 	2301663
	Fraunhofer	 	CA	 	2341864
	Fraunhofer	 	CA	 	2356869
	Fraunhofer	 	CA	 	2363955
	Fraunhofer	 	CA	 	2540851
	Fraunhofer	 	CA	 	2554002
	Fraunhofer	 	CA	 	2557993
	Fraunhofer	 	CA	 	2582485
	Fraunhofer	 	CA	 	2583146
	Fraunhofer	 	CA	 	2593290
	Fraunhofer	 	CA	 	2604521
	Fraunhofer	 	CA	 	2605316
	Fraunhofer	 	CA	 	2614384
	Fraunhofer	 	CA	 	2645618
	Fraunhofer	 	CA	 	2646961
	Fraunhofer	 	CA	 	2664466
	Fraunhofer	 	CA	 	2667059
	Fraunhofer	 	CA	 	2667505
	Fraunhofer	 	CN	 	ZL00804929.7
	Fraunhofer	 	CN	 	ZL00805534.3
	Fraunhofer	 	CN	 	ZL200480028776.9
	Fraunhofer	 	CN	 	ZL200580002802.5
	Fraunhofer	 	CN	 	ZL200580007036.1
	Fraunhofer	 	CN	 	ZL200580035701.8
	Fraunhofer	 	CN	 	ZL200580035950.7
	Fraunhofer	 	CN	 	ZL200580046256.5
	Fraunhofer	 	CN	 	ZL200680011585.0
	Fraunhofer	 	CN	 	ZL200680012093.3
	Fraunhofer	 	CN	 	ZL200680025974.9
	Fraunhofer	 	CN	 	ZL200680054008.X
	Fraunhofer	 	CN	 	ZL200780009735.9
	Fraunhofer	 	CN	 	ZL200780038753.X
	Fraunhofer	 	CN	 	ZL200780038756.3
	Fraunhofer	 	CN	 	ZL200780039899.6
	Fraunhofer	 	CN	 	ZL201110219357.5
	Fraunhofer	 	CN	 	ZL97199177.4
	Fraunhofer	 	CN	 	ZL99811774.9
	Fraunhofer	 	EP (AT,BE,CH,DE,FI,FR,GB,IE,IT,LI,LU,NL,SE)	 	0911981
	Fraunhofer	 	EP (AT,BE,CH,DE,DK,ES,FI,FR,GB,GR,IE,IT,LI,NL,PT,SE)	 	0931386
	Fraunhofer	 	EP (AT,BE,CH,DE,DK,ES,FI,FR,GB,IE,IT,LI,NL,SE)	 	0954909
	Fraunhofer	 	EP (AT,BE,CH,DE,DK,ES,FI,FR,GB,IE,IT,LI,LU,NL,SE)	 	0962015
	Fraunhofer	 	EP (AT,BE,CH,DE,FI,FR,GB,IE,IT,LI,LU,NL,SE)	 	1025646
	Fraunhofer	 	EP (AT,BE,CH,DE,FI,FR,GB,IE,IT,LI,LU,NL,SE)	 	1112621

 

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	Patent Holder(s)	 	Country	 	Patent Number
	Fraunhofer	 	EP (AT,BE,CH,DE,FI,FR,GB,IE,IT,LI,LU,NL,SE)	 	1155498
	Fraunhofer	 	EP (AT,BE,CH,DE,ES,FI,FR,GB,IE,IT,LU,MC,NL,PT,SE)	 	1458103
	Fraunhofer	 	EP (AT,BE,CH,DE,DK,ES,FI,FR,GB,IE,IT,LI,LU,NL,PT,SE)	 	1668959
	Fraunhofer	 	EP (AT,BE,CH,DE,ES,FI,FR,GB,IE,IT,LU,NL,PT,SE)	 	1706865
	Fraunhofer	 	EP (AT,BE,CH,DE,ES,FI,FR,GB,IE,IT,NL,PT,SE)	 	1721489
	Fraunhofer	 	EP (AT,BE,CH,DE,DK,ES,FI,FR,GB,GR,IE,IT,LI,LU,MC,NL,PL,PT,SE,TR)	 	1803117
	Fraunhofer	 	EP (AT,BE,CH,DE,ES,FI,FR,GB,IE,IT,LI,LU,MC,NL,PL,PT,SE,TR)	 	1803325
	Fraunhofer	 	EP (AT,BE,CH,DE,ES,FI,FR,GB,IE,IT,LI,LU,MC,NL,PL,PT,SE,TR)	 	1854218
	Fraunhofer	 	EP (BE,DE,ES,FR,GB,IT,NL,PL,TR)	 	1869775
	Fraunhofer	 	EP (AT,BE,CH,DE,DK,ES,FI,FR,GB,GR,IE,IT,LI,LU,MC,NL,PL,PT,SE,TR)	 	1994530
	Fraunhofer	 	EP (BE,DE,ES,FR,GB,IT,NL,PL,TR)	 	1999997
	Fraunhofer	 	EP (BE,DE,ES,FR,GB,IT,NL,PL,TR)	 	2057625
	Fraunhofer	 	EP (BE,DE,ES,FR,GB,IT,NL,PL,TR)	 	2074615
	Fraunhofer	 	EP (BE,DE,ES,FR,GB,IT,NL,PL,PT,TR)	 	2076901
	Fraunhofer	 	EP (BE,DE,ES,FR,GB,IT,NL,PL,TR)	 	2378516
	Fraunhofer	 	EP (BE,DE,ES,FI,FR,GB,IT,NL,PL,PT,SE,TR)	 	2884490
	Fraunhofer	 	HK	 	1040327
	Fraunhofer	 	HK	 	1044641
	Fraunhofer	 	HK	 	1044865
	Fraunhofer	 	HK	 	1069264
	Fraunhofer	 	HK	 	1092001
	Fraunhofer	 	HK	 	1104412
	Fraunhofer	 	HK	 	1106861
	Fraunhofer	 	HK	 	1110708
	Fraunhofer	 	HK	 	1110709
	Fraunhofer	 	HK	 	1119824
	Fraunhofer	 	HK	 	1120699
	Fraunhofer	 	HK	 	1126567
	Fraunhofer	 	HK	 	1128058
	Fraunhofer	 	HK	 	1163332
	Fraunhofer	 	IL	 	174286
	Fraunhofer	 	IL	 	176776
	Fraunhofer	 	IL	 	182235
	Fraunhofer	 	IL	 	182236
	Fraunhofer	 	IL	 	184340
	Fraunhofer	 	IL	 	185656
	Fraunhofer	 	IL	 	186312
	Fraunhofer	 	IL	 	186315
	Fraunhofer	 	IL	 	188425
	Fraunhofer	 	IL	 	193786
	Fraunhofer	 	IL	 	194064
	Fraunhofer	 	IL	 	197561
	Fraunhofer	 	IL	 	197757
	Fraunhofer	 	IL	 	197976
	Fraunhofer	 	IL	 	226224
	Fraunhofer	 	IN	 	235547
	Fraunhofer	 	IN	 	255634
	Fraunhofer	 	IN	 	255688
	Fraunhofer	 	IN	 	257008

 

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	Patent Holder(s)	 	Country	 	Patent Number
	Fraunhofer	 	IN	 	257622
	Fraunhofer	 	IN	 	259275
	Fraunhofer	 	IN	 	259305
	Fraunhofer	 	IN	 	262770
	Fraunhofer	 	IN	 	263033
	Fraunhofer	 	IN	 	263754
	Fraunhofer	 	IN	 	268919
	Fraunhofer	 	IN	 	272357
	Fraunhofer	 	JP	 	3366903
	Fraunhofer	 	JP	 	3417479
	Fraunhofer	 	JP	 	3420250
	Fraunhofer	 	JP	 	3472268
	Fraunhofer	 	JP	 	3577324
	Fraunhofer	 	JP	 	3580777
	Fraunhofer	 	JP	 	3878952
	Fraunhofer	 	JP	 	3902642
	Fraunhofer	 	JP	 	3926399
	Fraunhofer	 	JP	 	3978194
	Fraunhofer	 	JP	 	4168000
	Fraunhofer	 	JP	 	4418493
	Fraunhofer	 	JP	 	4547380
	Fraunhofer	 	JP	 	4625084
	Fraunhofer	 	JP	 	4664371
	Fraunhofer	 	JP	 	4800379
	Fraunhofer	 	JP	 	4832507
	Fraunhofer	 	JP	 	4936569
	Fraunhofer	 	JP	 	5027799
	Fraunhofer	 	JP	 	5083779
	Fraunhofer	 	JP	 	5156386
	Fraunhofer	 	JP	 	5222279
	Fraunhofer	 	JP	 	5265358
	Fraunhofer	 	JP	 	5266234
	Fraunhofer	 	JP	 	5520994
	Fraunhofer	 	JP	 	5700714
	Fraunhofer	 	KR	 	KR10-0304055
	Fraunhofer	 	KR	 	KR10-0308427
	Fraunhofer	 	KR	 	KR10-0331166
	Fraunhofer	 	KR	 	KR10-0346066
	Fraunhofer	 	KR	 	KR10-0391935
	Fraunhofer	 	KR	 	KR10-0397806
	Fraunhofer	 	KR	 	KR10-0433201
	Fraunhofer	 	KR	 	KR10-0717598
	Fraunhofer	 	KR	 	KR10-0737302
	Fraunhofer	 	KR	 	KR10-0803344
	Fraunhofer	 	KR	 	KR10-0895609
	Fraunhofer	 	KR	 	KR10-0922419
	Fraunhofer	 	KR	 	KR10-0924576
	Fraunhofer	 	KR	 	KR10-0946688
	Fraunhofer	 	KR	 	KR10-0954180
	Fraunhofer	 	KR	 	KR10-0954181
	Fraunhofer	 	KR	 	KR10-0954182
	Fraunhofer	 	KR	 	KR10-0957711
	Fraunhofer	 	KR	 	KR10-1001835

 

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	Patent Holder(s)	 	Country	 	Patent Number
	Fraunhofer	 	KR	 	KR10-1056253
	Fraunhofer	 	KR	 	KR10-1183962
	Fraunhofer	 	KR	 	KR10-1209410
	Fraunhofer	 	MX	 	262173
	Fraunhofer	 	MX	 	262786
	Fraunhofer	 	MX	 	272383
	Fraunhofer	 	MX	 	273092
	Fraunhofer	 	MX	 	273098
	Fraunhofer	 	MX	 	276040
	Fraunhofer	 	MX	 	276041
	Fraunhofer	 	MX	 	276043
	Fraunhofer	 	MX	 	278269
	Fraunhofer	 	MX	 	278278
	Fraunhofer	 	MX	 	283408
	Fraunhofer	 	MX	 	284130
	Fraunhofer	 	MX	 	289673
	Fraunhofer	 	MX	 	298082
	Fraunhofer	 	MX	 	304790
	Fraunhofer	 	MY	 	141054-A
	Fraunhofer	 	MY	 	141958-A
	Fraunhofer	 	MY	 	142520-A
	Fraunhofer	 	MY	 	142581-A
	Fraunhofer	 	MY	 	143234-A
	Fraunhofer	 	MY	 	147067-A
	Fraunhofer	 	MY	 	148715-A
	Fraunhofer	 	MY	 	149198-A
	Fraunhofer	 	MY	 	149613-A
	Fraunhofer	 	MY	 	153289-A
	Fraunhofer	 	NO	 	317596
	Fraunhofer	 	NO	 	337395
	Fraunhofer	 	RU	 	2327304
	Fraunhofer	 	RU	 	2329548
	Fraunhofer	 	RU	 	2339088
	Fraunhofer	 	RU	 	2367087
	Fraunhofer	 	RU	 	2368074
	Fraunhofer	 	RU	 	2379832
	Fraunhofer	 	RU	 	2382418
	Fraunhofer	 	RU	 	2383939
	Fraunhofer	 	RU	 	2384014
	Fraunhofer	 	RU	 	2393646
	Fraunhofer	 	RU	 	2411645
	Fraunhofer	 	RU	 	2413312
	Fraunhofer	 	RU	 	2420815
	Fraunhofer	 	RU	 	2426178
	Fraunhofer	 	SG	 	131461
	Fraunhofer	 	SG	 	131462
	Fraunhofer	 	SG	 	133828
	Fraunhofer	 	SG	 	135892
	Fraunhofer	 	SG	 	136310
	Fraunhofer	 	SG	 	136435
	Fraunhofer	 	SG	 	139281
	Fraunhofer	 	SG	 	146291
	Fraunhofer	 	SG	 	148222

 

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	Patent Holder(s)	 	Country	 	Patent Number
	Fraunhofer	 	SG	 	151560
	Fraunhofer	 	SG	 	151603
	Fraunhofer	 	SG	 	151624
	Fraunhofer	 	TW	 	I289025
	Fraunhofer	 	TW	 	I314024
	Fraunhofer	 	TW	 	I318079
	Fraunhofer	 	TW	 	I319937
	Fraunhofer	 	TW	 	I321316
	Fraunhofer	 	TW	 	I325234
	Fraunhofer	 	TW	 	I330827
	Fraunhofer	 	TW	 	I339028
	Fraunhofer	 	TW	 	I355647
	Fraunhofer	 	TW	 	I355648
	Fraunhofer	 	TW	 	I355649
	Fraunhofer	 	TW	 	I357065
	Fraunhofer	 	US	 	6370507
	Fraunhofer	 	US	 	6424939
	Fraunhofer	 	US	 	6441755
	Fraunhofer	 	US	 	6502069
	Fraunhofer	 	US	 	6766293
	Fraunhofer	 	US	 	6975254
	Fraunhofer	 	US	 	7103554
	Fraunhofer	 	US	 	7394903
	Fraunhofer	 	US	 	7433825
	Fraunhofer	 	US	 	7447317
	Fraunhofer	 	US	 	7526432
	Fraunhofer	 	US	 	7720230
	Fraunhofer	 	US	 	7788106
	Fraunhofer	 	US	 	7805313
	Fraunhofer	 	US	 	7903824
	Fraunhofer	 	US	 	7991610
	Fraunhofer	 	US	 	8116459
	Fraunhofer	 	US	 	8126721
	Fraunhofer	 	US	 	8180061
	Fraunhofer	 	US	 	8204261
	Fraunhofer	 	US	 	8386268
	Fraunhofer	 	US	 	8438015
	Fraunhofer	 	US	 	8452605
	Fraunhofer	 	US	 	8494865
	Fraunhofer	 	US	 	8682681
	Fraunhofer	 	US	 	8775193
	Fraunhofer	 	US	 	9043200
	Fraunhofer	 	US	 	RE45277
	Fraunhofer	 	US	 	RE45339
	Fraunhofer	 	US	 	RE45526
	Fraunhofer	 	ZA	 	200809187
	Fraunhofer	 	ZA	 	200810308
	Fraunhofer	 	ZA	 	200810394
	Fraunhofer	 	ZA	 	200901650
	Fraunhofer	 	ZA	 	200902199
	JVC KENWOOD	 	EP (DE,FR,GB)	 	1298643
	JVC KENWOOD	 	US	 	6836739
	Microsoft	 	US	 	6266644

 

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	Patent Holder(s)	 	Country	 	Patent Number
	Microsoft	 	US	 	7143030
	Microsoft	 	US	 	7801735
	Microsoft	 	US	 	7930171
	Microsoft	 	US	 	8069052
	NEC/Panasonic	 	CA	 	2469674
	NEC/Panasonic	 	CN	 	ZL03801779.2
	NEC/Panasonic	 	EP (CZ,DE,ES,FI,FR,GB,HU,IT,NL,SE)	 	1543307
	NEC/Panasonic	 	HK	 	1074877
	NEC/Panasonic	 	IN	 	225035
	NEC/Panasonic	 	JP	 	3646939
	NEC/Panasonic	 	KR	 	KR10-0728428
	NEC/Panasonic	 	TW	 	I313856
	NEC/Panasonic	 	US	 	7069212
	NTT DOCOMO	 	EP (DE,FR,GB,IT)	 	1018807
	NTT DOCOMO	 	JP	 	3362051
	NTT DOCOMO	 	JP	 	3457335
	NTT DOCOMO	 	JP	 	4932917
	NTT DOCOMO	 	KR	 	KR10-0363580
	NTT DOCOMO	 	KR	 	KR10-0493261
	NTT DOCOMO	 	US	 	6434718
	NTT DOCOMO	 	US	 	7191369
	Orange	 	CN	 	ZL01808263.7
	Orange	 	CN	 	ZL200780020028.X
	Orange	 	EP (AT,BE,CH,DE,DK,ES,FI,FR,GB,GR,IE,IT,LI,LU,MC,PT,SE,TR)	 	1275109
	Orange	 	EP (DE,ES,FR,GB,IT)	 	1600042
	Orange	 	EP (DE,ES,FR,GB,IT,PL)	 	2000002
	Orange	 	JP	 	4928703
	Orange	 	KR	 	KR10-0754033
	Orange	 	KR	 	KR10-1325644
	Orange	 	US	 	7742927
	Orange	 	US	 	8239208
	Orange	 	US	 	8605909
	Panasonic	 	AU	 	2002343212
	Panasonic	 	AU	 	2011263191
	Panasonic	 	CA	 	2430923
	Panasonic	 	CN	 	ZL02810590.7
	Panasonic	 	EP (DE,ES,FI,FR,GB,IT,NL,SE)	 	1374230
	Panasonic	 	ID	 	0018609
	Panasonic	 	IN	 	243038
	Panasonic	 	JP	 	3913664
	Panasonic	 	JP	 	5243620
	Panasonic	 	KR	 	KR10-0587517
	Panasonic	 	MX	 	244624
	Panasonic	 	MX	 	318521
	Panasonic	 	MY	 	130392-A
	Panasonic	 	PH	 	12003500445
	Panasonic	 	SG	 	97499
	Panasonic	 	SG	 	178320
	Panasonic	 	TW	 	204681
	Panasonic	 	US	 	7260540
	Panasonic	 	US	 	8311841
	Panasonic	 	ZA	 	201200919
	Panasonic/NEC	 	CA	 	2453814

 

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	Patent Holder(s)	 	Country	 	Patent Number
	Panasonic/NEC	 	CA	 	2464408
	Panasonic/NEC	 	CN	 	ZL03801492.0
	Panasonic/NEC	 	CN	 	ZL03817248.8
	Panasonic/NEC	 	EP (DE,FI,FR,GB,IT,NL,SE)	 	1439524
	Panasonic/NEC	 	EP (CZ,DE,ES,FI,FR,GB,HU,IT,NL,SE)	 	1527442
	Panasonic/NEC	 	EP (DE,FI,FR,GB,IT,NL,SE)	 	2019391
	Panasonic/NEC	 	HK	 	1073525
	Panasonic/NEC	 	HK	 	1082092
	Panasonic/NEC	 	IN	 	209397
	Panasonic/NEC	 	IN	 	219698
	Panasonic/NEC	 	JP	 	3579047
	Panasonic/NEC	 	JP	 	3646938
	Panasonic/NEC	 	KR	 	KR10-0602975
	Panasonic/NEC	 	KR	 	KR10-0723753
	Panasonic/NEC	 	TW	 	I268665
	Panasonic/NEC	 	TW	 	I303410
	Panasonic/NEC	 	US	 	7058571
	Panasonic/NEC	 	US	 	7555434
	Panasonic/NEC	 	US	 	7941319
	Philips	 	CN	 	ZL03808908.4
	Philips	 	CN	 	ZL03808978.5
	Philips	 	CN	 	ZL200480003949.1
	Philips	 	CN	 	ZL200480009976.X
	Philips	 	EP (AT,CH,DE,ES,FR,GB,IT,LI,NL,TR)	 	1500082
	Philips	 	EP (DE,ES,FR,GB,IT)	 	1500084
	Philips	 	EP (DE,ES,FR,GB,IT)	 	1500086
	Philips	 	EP (DE,ES,FR,GB,IT,TR)	 	1595247
	Philips	 	EP (AT,CH,DE,ES,FR,GB,IT,PL,TR)	 	1618763
	Philips	 	EP (AT,DE,ES,FR,GB,IT,PL,TR)	 	1621047
	Philips	 	EP (DE,ES,FR,GB,IT)	 	1881486
	Philips	 	IN	 	247097
	Philips	 	IN	 	248604
	Philips	 	IN	 	251053
	Philips	 	JP	 	4401173
	Philips	 	JP	 	4431568
	Philips	 	JP	 	4597967
	Philips	 	JP	 	4714416
	Philips	 	JP	 	4834539
	Philips	 	JP	 	5101579
	Philips	 	KR	 	KR10-0978018
	Philips	 	KR	 	KR10-1016982
	Philips	 	KR	 	KR10-1021076
	Philips	 	KR	 	KR10-1049751
	Philips	 	KR	 	KR10-1169596
	Philips	 	KR	 	KR10-1200776
	Philips	 	US	 	7181019
	Philips	 	US	 	7933415
	Philips	 	US	 	8311809
	Philips	 	US	 	8331572
	Philips	 	US	 	8798275
	Philips/Dolby International	 	CN	 	ZL200480032342.6
	Philips/Dolby International	 	EP (DE,ES,FI,FR,GB,IT,NL,PL,SE,TR)	 	1683133

 

 

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	Patent Holder(s)	 	Country	 	Patent Number
	Philips/Dolby International	 	IN	 	271540
	Philips/Dolby International	 	JP	 	5192424
	Philips/Dolby International	 	JP	 	5335015
	Philips/Dolby International	 	JP	 	5889828
	Philips/Dolby International	 	KR	 	KR10-1106026
	Philips/Dolby International	 	KR	 	KR10-1217649
	Philips/Dolby International	 	RU	 	2374703
	Philips/Dolby International	 	US	 	7519538
	Sony	 	CN	 	ZL201180018948.4
	VoiceAge	 	AU	 	2003233722
	VoiceAge	 	CA	 	2483790
	VoiceAge	 	CN	 	ZL03812588.9
	VoiceAge	 	HK	 	1078978
	VoiceAge	 	IN	 	237351
	VoiceAge	 	MX	 	261878
	VoiceAge	 	MY	 	140905-A
	VoiceAge	 	NO	 	332045
	VoiceAge	 	NZ	 	536237
	VoiceAge	 	RU	 	2327230
	VoiceAge	 	US	 	7529660
	VoiceAge	 	ZA	 	200409647

 

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APPENDIX B

SCHEDULE OF FEES

 

These License Fees will not be increased for
any reason during the initial Term, including but not limited to the addition of Licensors and/or Licensed Patents to Appendix
A after the Effective Date.

 

(1)  Standard Rate Structure
- Worldwide Rates:

 

Licensee shall pay Via for each Licensed Product
Sold or Otherwise Supplied in accordance with the following table.

 

	Volume
 (per unit* / annual reset)
	 	Per Unit Fee	 
	For the first 1 to 500,000 units	 	$	0.98	 
	For units 500,001 to 1,000,000	 	$	0.78	 
	For units 1,000,001 to 2,000,000	 	$	0.68	 
	For units 2,000,001 to 5,000,000	 	$	0.45	 
	For units 5,000,001 to 10,000,000	 	$	0.42	 
	For units 10,000,001 to 20,000,000	 	$	0.22	 
	For units 20,000,001 to 50,000,000	 	$	0.20	 
	For units 50,000,001 to 75,000,000	 	$	0.15	 
	For units 75,000,001 and more	 	$	0.10	 
	* Licensed Products with more than two Channels count as 1.5 units.

 

(2)  Alternative Rate Structure
– Country/Region-Based Rates:

 

As an alternative to the
Standard Rate Structure described above, Licensee may elect the bifurcated rate structure described below, which includes a different
rate table for those Licensed Products that are Sold or Otherwise Supplied for use by an End User within certain countries/regions.

 

The first table below (R1
Rate Table) applies to those Licensed Products Sold or Otherwise Supplied for use by an End User within the countries/regions listed
on the R1 Country/Region List below in which any Licensed Patent remains unexpired (i.e., “R1 Products”).

 

The second table below (R2
Rate Table) applies to those Licensed Products Sold or Otherwise Supplied for use by an End User within countries/regions that
are not listed on the R1 Country/Region List in which any Licensed Patent remains unexpired (i.e., “R2 Products”).

 

If any Licensed Product
is Sold or Otherwise Supplied for use by an End User in a country/region in which there is no unexpired Licensed Patent, but is
manufactured in a country/region in which a Licensed Patent remains unexpired, then the identity of the country/region of manufacture
shall determine the applicable R1 or R2 rate.

 

The volume of units
of R1 Products may not be aggregated with the volume of units of R2 Products for purposes of determining the applicable rate under
either the R1 or R2 Rate Tables.

 

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R1 Rate Table:

 

	Volume
 (per unit* / annual reset)
	 	Per Unit Fee	 
	For the first 1 to 500,000 units	 	$	0.98	 
	For units 500,001 to 1,000,000	 	$	0.78	 
	For units 1,000,001 to 2,000,000	 	$	0.68	 
	For units 2,000,001 to 5,000,000	 	$	0.45	 
	For units 5,000,001 to 10,000,000	 	$	0.42	 
	For units 10,000,001 to 20,000,000	 	$	0.22	 
	For units 20,000,001 to 50,000,000	 	$	0.20	 
	For units 50,000,001 to 75,000,000	 	$	0.15	 
	For units 75,000,001 and more	 	$	0.10	 
	* Licensed Products with more than two Channels count as 1.5 units.

 

R2 Rate Table:

 

	Volume
 (per unit* / annual reset)
	 	Per Unit Fee	 
	For the first 1 to 500,000 units	 	$	0.64	 
	For units 500,001 to 1,000,000	 	$	0.51	 
	For units 1,000,001 to 2,000,000	 	$	0.44	 
	For units 2,000,001 to 5,000,000	 	$	0.29	 
	For units 5,000,001 to 10,000,000	 	$	0.27	 
	For units 10,000,001 to 20,000,000	 	$	0.14	 
	For units 20,000,001 to 50,000,000	 	$	0.13	 
	For units 50,000,001 to 75,000,000	 	$	0.10	 
	For units 75,000,001 and more	 	$	0.07	 
	* Licensed Products with more than two Channels count as 1.5 units.

 

R1 Country/Region List:

 

	
        Andorra

        American Samoa

        Australia

        Austria

        Belgium

        Bermuda

        Bulgaria

        Canada

        Croatia

        Cyprus

        Czech Republic

        Denmark
	Latvia

                                             Lichtenstein

                                             Lithuania

                                             Luxembourg

                                             Malta

                                             Monaco

                                             Netherlands

                                             New Zealand

                                             Norway

                                             Poland

                                             Portugal

                                             Puerto Rico

 

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R1 Country/Region List (continued)

 

	Estonia
 Finland 
 France 
 Germany

Greece 
 Guam

Hong Kong

Hungary

Iceland 
 Israel 
 Italy

Ireland 
 Japan	Romania
 San Marino
 Singapore
 Slovakia

Slovenia
 South Korea

Spain

Sweden

Switzerland
 Taiwan
 Turkey
 United Kingdom

United States and its Territories
 United States Virgin Islands

 

Procedures For Electing the Alternative Rate Structure

 

The Standard Rate Structure shall
apply unless Licensee has elected to use the Alternative Rate Structure in accordance with this section.

 

Notice and Timing of Election:
Licensee may elect the Alternative Rate Structure by providing written notice to Via of its election prior to the Effective Date
of this Agreement. During the Term of this Agreement, Licensee may elect to change to the Standard Rate Structure or the Alternative
Rate Structure by providing written notice to Via of its election to change, and making the administrative fee payment described
below. Upon such election and fee payment after the Effective Date, the Standard Rate Structure or Alternative Rate Structure,
as appropriate, will apply to Licensed Products Sold or Otherwise Supplied after the end of the calendar quarter in which notice
was provided. When changing to the Standard Rate Structure or the Alternative Rate structure after the Effective Date of this Agreement,
the Licensee’s annual unit volume count will be reset to zero and the applicable tier rate(s) will apply beginning with the
quarter in which the Standard Rate Structure takes effect.

 

Fee: At the time that
Licensee provides notice of an election to change to the Alternative Rate Structure or the Standard Rate Structure after the Effective
Date, Licensee shall pay to Via an administrative fee of fifteen thousand dollars (US $15,000) for each such election to change.

 

Eligibility: Notwithstanding the above, Licensee
may make an election to change to the Standard Rate Structure only if Licensee is in good standing, i.e. Licensee has fully complied
with all obligations under the Agreement, including all payment and reporting obligations.

 

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Appendix C

Declaration of Small Entity Status

 

On behalf of [Licensee Company Name],
the undersigned hereby declares that, at the time of executing this Declaration of Small Entity Status and Agreement, it is a Small
Entity as defined in Section 1.23 and confirms that:

 

[Licensee Company
Name], together with its Affiliates, has no more than fifteen (15) employees; and [Licensee Company Name]’s, together
with its Affiliates, combined annual gross revenues do not exceed US $1 million.

 

The undersigned hereby represents
and warrants that all statements herein are accurate and true, and that the undersigned has the authority to execute this form
on behalf of [Licensee Company Name].

 

	 	 	 
	DATE	 	 SIGNATURE
	 	 	 
	 	 	Name:
	 	 	 Title:
	 	 	Company:

 

 

Via Confidential
 © 2017 Via Licensing CorporationExhibit
10.10

 

LOAN
AGREEMENT

 

THIS
AGREEMENT dated for reference this 1st day of April, 2019, is between:

 

SIYATA
MOBILE INC., a company existing under the laws of the Province of British Columbia and having an office at Suite A-414, 1001
Lenoir Street, Montreal, Quebec, H4C 2Z6

 

(the
“Lender”)

 

AND:

BSD
CAPITAL LTD., a company existing under the laws of the State of Israel and having a principal place of business at 4a Nachshon
Street, Raanana, Israel

 

(the
“Borrower”)

 

WHEREAS
the Lender desires to advance a loan to the Borrower, in the principal amount of USD$200,000.00, on the terms and subject
to the conditions of this agreement (the “Agreement”).

 

FOR
GOOD AND VALUABLE CONSIDERATION, the receipt and sufficiency of which each party acknowledges, the parties agree as follows:

 

		1.	Definitions.
In this Agreement:

 

		(a)	“Business
Day” means a day which is not a Saturday, Sunday or a statutory holiday in the Province of British Columbia;

 

		(b)	“Default”
means an Event of Default or any event or circumstance which would (with the expiry of a grace period, the giving of notice, the
making of any determination or any combination of any of the foregoing) be an Event of Default;

 

		(c)	“Event
of Default” has the meaning set forth in Section 9 below;

 

		(d)	“Borrower”
means BSD Capital Ltd.;

 

		(e)	“Maturity
Date” has the meaning set forth in subsection 4(a) below;

 

		(f)	“Lender”
means Siyata Mobile Inc.;

 

		(g)	“Principal
Amount” means the principal amount of the loan provided herein, being USD$200,000.00; and

 

		(h)	“Promissory
Note” has the meaning set forth in Section 6 below.

 

		2.	Loan
Advance. Immediately upon execution of this Agreement, the Lender shall, directly or indirectly through its wholly-owned subsidiary,
Siyata Mobile Israel Ltd., deliver the Principal Amount to Borrower, or to such third-party as the Borrower may direct. Following
delivery of the Principal Amount, the Borrower shall immediately execute the Promissory Note, attached as Schedule “A”
hereto and shall deliver the Promissory Note to the Lender.

 

    

     

    

 

		3.	Use
of Proceeds. The Borrower will use the proceeds of the loan facility provided herein at the sole
discretion of the Borrower.

 

		4.	Term
and Prepayment.

 

		(a)	Subject
to the rights of the Lender under Section 10 to accelerate payment of all monies owing hereunder, the Principal Amount, will be
immediately due and payable in full by the Borrower to the Lender on April 1, 2024. (the “Maturity Date”).

 

		(b)	Upon
written notice, the Borrower may prepay the Principal Amount in its entirety at any time prior to the Maturity Date.

 

		5.	Interest.
Interest shall accrue on the Principal Amount at rate of 7.0% per annum, compounded and payable quarterly. Interest shall
continue to accrue on the Principal Amount in the event it is not repaid in full on the Maturity Date.

 

		6.	Security.
As security for the Borrower’s obligations hereunder the Borrower will execute and deliver to the Lender the promissory
note in the form attached as Schedule “A” hereto (the “Promissory Note”) in the Principal Amount.

 

		7.	Representations
and Warranties. The Borrower represents and warrants to the Lender as follows:

 

		(a)	this
Agreement been executed and delivered hereunder by the Borrower and has been duly authorized by all necessary action of the Borrower;

 

		(b)	each
of this Agreement, and the Promissory Note, constitutes or will constitute a legal, valid and binding obligation, enforceable
against the Borrower in accordance with their terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium
and other similar laws affecting the rights and remedies of creditors and to the general principles of equity;

 

		(c)	the
Borrower has not committed any act of bankruptcy, or proposed a compromise or arrangement to its creditors generally, had a petition
or receiving order in bankruptcy filed against it, made a voluntary assignment in bankruptcy, taken any proceedings with respect
to a compromise or arrangement, taken any proceedings to have a receiver appointed for any of its property or had any execution
or distress become enforceable or become levied upon any of its property; and

 

		(d)	no
bankruptcy, insolvency or receivership proceedings have been instituted or threatened or are pending against the Borrower, nor
have they sought, nor do they intend to seek, relief from creditors under the Bankruptcy and Insolvency Act (Canada), the
Companies’ Creditors Arrangement Act (Canada) or other applicable legislation for the relief of debtors.

 

		8.	Positive
Covenants of the Borrower. The Borrower covenants and agrees that so long as any monies
will be outstanding under this Agreement, it will:

 

		(a)	at
all times maintain its corporate existence;

 

    - 2 -

     

    

 

		(b)	duly
perform its obligations under this Agreement and all other agreements and instruments executed and delivered hereunder or thereunder;
and

 

		(c)	furnish
and give to the Lender notice that an Event of Default has occurred and, if applicable, is continuing or notice in respect of
any event which would constitute an Event of Default hereunder with the passage of time and specifying the nature of same.

 

		9.	Events
of Default. Each and every one of the events set forth in this Section will be an event of default (“Event of Default”):

 

		(a)	if
the Borrower fails to make any payment when due hereunder, provided that the Lender shall be required to provide written notice
to the Borrower of its failure to make any payment when due hereunder and the Borrower shall not have remedied such failure for
a period of forty-five (45) calendar days of the Lender having sent the written notice;

 

		(b)	if
the Borrower defaults in observing or performing any term, covenant or condition of this Agreement or the Promissory Note, other
than the payment of monies as provided for in subsection (a) hereof, on its part to be observed or performed and such failure
continues for five (5) Business Days;

 

		(c)	if
any of the Borrower’s representations, warranties or other statements in this Agreement or any other collateral document
delivered hereunder were at the time given false or misleading in any material respect;

 

		(d)	if
the Borrower ceases to carry on business;

 

		(e)	if
the Borrower petitions or applies to any tribunal for the appointment of a trustee, receiver or liquidator or commences any proceedings
under any bankruptcy, insolvency, readjustment of debt or liquidation law of any jurisdiction, whether now or hereafter in effect;
or

 

		(f)	if
any petition or application for appointment of a trustee, receiver or liquidator is filed, or any proceedings under any bankruptcy,
insolvency, readjustment of debt or liquidation law are commenced, against the Borrower which is not opposed by the Borrower in
good faith, or an order, judgment or decree is entered appointing any such trustee, receiver, or liquidator, or approving the
petition in any such proceeding.

 

		10.	Effect
of Event of Default. If any one or more of the Events of Default occur or occurs and is or are continuing, the Lender may
without limitation, subject to any other rights it may have in law or pursuant to this Agreement or any other document or instrument
delivered hereunder, demand immediate payment of all monies owing hereunder.

 

		11.	Lender’s
Expenses. The Lender shall be responsible for all of their expenses incurred in furtherance of the transactions contemplated
herein.

 

		12.	Notices.
In this Agreement:

 

		(a)	Any notice or
                                                                                                                                                                    communication required or permitted to be given under this Agreement will be in writing and will be considered to have been
                                                                                                                                                                    given if delivered by hand, transmitted by facsimile transmission, emailed, mailed by prepaid registered post, or delivered by courier to the address of each party set forth above or to such other address, facsimile number or email address
as any party may designate.

 

    - 3 -

     

    

 

		(b)	Notice
or communication will be considered to have been received:

 

	 		(i)	if
delivered by hand or by courier during business hours on a Business Day, upon receipt by a responsible representative of the receiver,
and if not delivered during business hours, upon the commencement of business on the next Business Day;

 

	 		(ii)	if
sent by email or facsimile transmission during business hours on a Business Day, upon such Business Day, and if not transmitted
during business hours, upon the commencement of business on the next Business Day; and

 

	 		(iii)	if
mailed by prepaid registered post upon the fifth Business Day following posting; except that, in the case of a disruption or an
impending or threatened disruption in postal services every notice or communication will be delivered by hand, courier, facsimile
transmission, or email.

 

		13.	Assignment.
The Lender agrees that it will not, without the prior written consent of the Borrower, assign all or part of the Promissory
Note or any collateral agreements, documents or instruments delivered hereunder any assignee.

 

		14.	Enurement.
This Agreement will enure to the benefit of and be binding upon the parties hereto and their respective successors and permitted
assigns.

 

		15.	Waivers.
No failure or delay on the Lender’s part in exercising any power or right hereunder will operate as a waiver thereof.

 

		16.	Remedies
are Cumulative. The Lender’s rights and remedies hereunder are cumulative and not exclusive of any rights or remedies
at law or in equity.

 

		17.	Time.
Time is of the essence of this Agreement and all documents or instruments delivered hereunder.

 

		18.	Withholding
Taxes, etc.

 

		(a)	All
payments hereunder will be made free and clear without deduction or withholdings for any taxes, duties, fees or other charges
unless those deductions or withholdings are required by law.

 

		(b)	If
the Borrower is required by law to make a deduction or withholding, the Borrower shall make that deduction or withholding within
the time allowed and in the minimum amount required by law.

 

		(c)	Within
thirty days of making a deduction or withholding the Borrower shall deliver to the Lender evidence reasonably satisfactory to
that Lender that the deduction or withholding has been made or (as applicable) any appropriate payment paid to the relevant taxing
authority.

 

		19.	Invalidity.
                                         If at any time any one or more of the provisions hereof is or becomes invalid, illegal
                                         or unenforceable in any respect under any law, the validity, legality and enforceability
                                         of the remaining provisions hereof will not in any way be affected or impaired thereby
                                         to the fullest extent possible by law.

 

    - 4 -

     

    

 

		20.	Governing
                                         Laws. This Agreement will be governed by and interpreted in accordance with the laws
                                         of the Province of British Columbia and the federal laws of Canada applicable therein.
                                         The Parties submit to the non-exclusive jurisdiction of the Courts of the Province of
                                         British Columbia and agree to be bound by any suit, action or proceeding commenced in
                                         such Courts and by any order or judgment resulting from such suit, action or proceeding.

 

		21.	Amendment.
                                         This Agreement supersedes all prior agreements and discussions between the parties
                                         with respect to the subject matter set forth herein. This Agreement may be varied or
                                         amended only by or pursuant to an agreement in writing signed by the parties hereto.

 

		22.	Schedules.
                                         All Schedules attached hereto will be deemed fully a part of this Agreement.

 

		23.	Currency.
                                         All references herein to “dollars”, “USD$” or “$”
                                         are to Unites States of America dollars, unless otherwise indicated.

 

		24.	Independent
                                         Advice. The Borrower hereby acknowledges that this Agreement has been prepared by
                                         Cassels Brock & Blackwell LLP, and that they have been advised to seek independent
                                         legal advice in connection with the entering into of this Agreement. Cassels Brock &
                                         Blackwell LLP in no way represents the interests of the Borrower, and by executing this
                                         Agreement, the Lender confirms that they have either sought the requisite independent
                                         advice, or have waived their right thereto.

 

		25.	Counterparts.
                                         This Agreement may be signed in one or more counterparts, originally or by facsimile,
                                         each such counterpart taken together will form one and the same agreement.

 

TO
EVIDENCE THEIR AGREEMENT each of the parties has executed this Agreement on the date first above written.

 

	 	SIYATA MOBILE INC.
	 	 	 
	 	Per:	
	 	 	Authorized  Signatory
	 	 	 
	 	BSD CAPITAL LTD.
	 	 	 
	 	Per:	
	 	 	Authorized Signatory

 

    - 5 -

     

    

 

SCHEDULE
“A”

PROMISSORY
NOTE

 

All
capitalized terms which are not expressly defined herein have the meaning ascribed to them in the loan agreement between Siyata
Mobile Inc., and BSD Capital Ltd., dated for reference April 1, 2019 (the “Agreement”).

 

Principal
Amount: USD$200,000.00 (the “Principal Amount”)

 

For
value received, BSD CAPITAL LTD. (the “Borrower”) hereby promises to pay to or to the order of SIYATA
MOBILE INC. (the “Lender”), or as the Lender may direct, the Principal Amount on April 1, 2024 (the “Maturity
Date”). No interest shall accrue on the Principal Amount

 

INTEREST

 

Interest
shall accrue on the Principal Amount at rate of 7.0% per annum, compounded and payable monthly. Interest shall continue to accrue
on the Principal Amount in the event it is not repaid in full on the Maturity Date.

 

PREPAYMENT

 

Prior
to the Maturity Date, upon written notice by the Borrower to the Lender, the Borrower may prepay the Principal Amount.

 

TRANSFERABILITY

 

This
Promissory Note is non-transferable except as permitted under the Agreement. 

 

GOVERNING LAW, AMENDMENT

 

This
Promissory Note shall be governed by the terms and conditions set out in the Agreement with respect to the governing law and amendment.

 

DEFAULT,
REMEDIES, ACTIONS IN CONCERT 

 

This
Promissory Note may be declared due prior to its expressed Maturity Date if an Event of Default has occurred and is continuing.

 

This
Promissory Note is executed as of the date first above written.

 

	 	BSD CAPITAL LTD.
	 	 	 
		Per:	
	 	 	Authorized Signatory

 

 

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-

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