Document:

Lease Agreement

 Exhibit 10.10 
 LEASE AGREEMENT 
 Suite #     300    

 Sq Ft     2092     
 $/Sq Ft     19.50     
 THIS LEASE AGREEMENT (this “Lease”) is made effective this 27th day of February, 2007, by and between Floyd Smith Office Park LLC, as landlord (“Landlord”), and Super Vision International,
Inc. as tenant (“Tenant”). 
 FOR AND IN CONSIDERATION of the mutual agreements contained herein, Landlord and Tenant
agree as follows: 
 1.     DEFINITIONS. Capitalized terms appearing in this Lease, unless defined elsewhere
in this Lease, shall have the following definitions: 
 a.    “Additional Rent” shall mean all
sums of money in addition to Base Rent which shall become due from Tenant under this Lease. 
 b.    “Building” shall mean that certain multi-story office building having a street address of 124 Floyd Smith Blvd., Charlotte, North Carolina 28262 and located on the Land. 
 c.    “Common Areas” shall mean all areas, improvements, space and special services within the Building or
on the Land provided by Landlord from time to time in its sole discretion for the common or joint use and benefit of all tenants, customers and invitees of the Building, including, without limitation, any parking areas, access roads, service drives,
service areas, driveways, entrances and exits, retaining walls, landscaped areas, truck serviceways, loading docks or ramps, pedestrian walkways, overstreet walkways, connecting malls, atriums, walls, ceilings, patios, courtyards, garden areas,
plaza areas, park areas, concourses, ramps, sidewalks, corridors, washrooms, signs, maintenance buildings, utility buildings, hallways, lobbies, elevators, elevator foyers, escalators, stairs, common window areas, and trash, garbage or rubbish
areas. 
 d.    “Land” shall mean the real property upon which the Building is situated as more
particularly described on Exhibit A attached hereto and incorporated herein. 
 e.    “Net Useable Area” shall mean the number of square feet of enclosed floor area within the Building (or any portion thereof) intended for the exclusive use by the tenant or occupant thereof measured from
the outside finished surface of the exterior walls or permanent outer building walls and from the mid-point of any interior or party wall. As of the execution date of this Lease, the Total Useable Area of the Building is 35,492 square feet.

 f.    “Premises” shall mean the space shown cross-hatched on the floor plan attached hereto
as Exhibit B and incorporated herein. 
 g.    “Rules and Regulations” means
the rules and regulations adopted by Landlord for the Building, the Land and the Common Areas and attached hereto as Exhibit C and incorporated herein, as well as any other rules and regulations which Landlord may adopt in the future
for the Building, the Land and the Common Areas. 
 2.    PREMISES. Landlord hereby leases to
Tenant, and Tenant hereby leases from Landlord, upon the terms and conditions and for the purposes set forth in this Lease, the Premises. 
 3.     TERM. 
 a.    This Lease shall commence upon signed certificate of occupancy (“Commencement Date”), and shall continue for an initial term of 60 months (“Initial Term”), terminating at midnight
of the last day of the 60th month unless modified or
earlier terminated pursuant to the terms hereof. 
  

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 4.    BASE RENT. 
 a.    As agreed, the first five (5) months are rent free. Following the first five (5) rent free months,
Tenant shall pay annual Base Rent in advance, in twelve (12) equal monthly installments $3,399.50 on or before the first (1st) day of each calendar month during the Term, without notice, deduction, demand, abatement, counterclaim or
set off, at the rates set forth below. Base Rent for any partial month shall be paid in advance and prorated based on the number of days in such partial calendar month. The first (1st) payment of Base Rent shall be due and payable on or before
the execution of this Lease. Base Rent and all other sums of money due from Tenant hereunder shall be collectively referred to hereinafter as “Rent”. 
  

							
	 Year Start Date
	 	 Year End Date
	 	 Monthly Rent
	 	 Annual Rent

	 2007
	 	2008	 	$3,399.50	 	$40,794.00
	 2008
	 	2009	 	$3,501.49	 	$42,017.88
	 2009
	 	2010	 	$3,606.53	 	$43,278.36
	 2010
	 	2011	 	$3,714.73	 	$44,576.76
	 2011
	 	2012	 	$3,826.17	 	$45,914.04

 b.    Checks for all Rent shall be made payable to Landlord
and mailed or delivered to the address set forth in Section 32 below or such other address as Landlord may designate to Tenant in writing. To defray administrative and handling expenses, Tenant agrees to pay an additional charge of Fifty and
No/100 Dollars ($50) for each returned check. If any payment of Rent is not received by Landlord within five (5) days of the due date, then Tenant shall pay Landlord the greater of (i) five percent (5%) of the late Rent: or
(ii) Two Hundred Fifty and No/00 Dollars ($250.00). In addition, if any payment of Rent is not received within ten (10) days of when due, such late Rent shall bear interest at the lesser of ten percent (10%) per annum, compounded
monthly, or the maximum rate permitted under law, from the due date of such Rent until such late Rent and all interest accrued thereon is paid in full. Tenant acknowledges that the aforementioned late charge and interest are in addition to
Landlord’s other rights and remedies available under this Lease, at law or in equity, and that such late charge and interest shall in no way limit Landlord’s other rights and remedies. If Landlord shall at any time accept any such Rent or
other sums after the same shall become due and payable, such acceptance shall not excuse a delay upon subsequent occasions, or constitute or be construed as a waiver of any of Landlord’s rights hereunder, at law or in equity. 
 5.    ADJUSTMENTS IN BASE RENT. 
 a.    Beginning with the first (1st) day of the thirteenth (13th) full calendar month following the Commencement Date and annually thereafter during the entire Term (the “Adjustment Dates”), a cost of living adjustment shall be made to Base Rent of
3%. 
 6.    COMMON AREAS. Subject to the terms and conditions of this Lease and the Rules and Regulations,
Tenant and its employees and invitees shall have the non-exclusive right to use, in common with other tenants and occupants of the Building, the Common Areas, as they may be designated by Landlord from time to time. Landlord or its successors or
assigns may change or modify the size, use, shape, location or nature of any of the Common Areas, or eliminate them altogether, all without any liability to Tenant. There is 4762 sq ft of Common area at the time of this lease signature. 

7.    UTILITIES AND OTHER SERVICES. 
 a.    Landlord agrees to furnish the following services: 
  

	 	i.	Hot and cold water at those points of supply provided for general use of all the tenants in the Building and within the Premise; 

  

	 	ii.	 Central heat and air conditioning sufficient for the comfortable occupancy of the Premises; provided, however, heating and air conditioning service at times other
than during “Normal 

  

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Business Hours” for the Building (which are 8:00 a.m. to 6:00 p.m., Monday through Friday, and 8:00 a.m. to 1:00 p.m. on Saturday, exclusive of normal
business holidays) shall be furnished only on seventy-two (72) hours advance written request by Tenant to Landlord. Tenant shall bear the entire cost of such additional service as such costs are determined by Landlord from time to time. If
Tenant shall use any equipment in the Premises which affects the temperature otherwise maintained by the central heating and air conditioning system, then Landlord shall have the right, in its sole discretion, to install supplemental air
conditioning units and the cost thereof, including the cost of installation, maintenance and operation of such units, shall be paid by Tenant to Landlord upon demand; 

  

	 	iii.	Reasonable janitorial service, Monday through Friday only, exclusive of normal business holidays and 

  

	 	iv.	Facilities to provide electricity for routine lighting and the operation of general office equipment. Tenant shall not use any electrical equipment which in Landlord’s opinion
will overload the Building’s electrical systems or circuits. 

 b.    Landlord shall
have the right to require Tenant to separately meter all non -standard or additional utilities and any or all of the utilities set forth above, in which case Tenant shall pay, prior to delinquency and directly to the appropriate utility company, all
costs and expenses of such utility services, including all hook-up, user and tap fees and all other similar fees and charges. 
 c.    Landlord shall not be obligated to furnish any services or utilities other than as set forth in this Section 7; provided, however, if Landlord elects to furnish additional services or utilities, and the Tenant
agrees to accept them for the Premise, then Tenant shall pay Landlord the costs of such additional services or utilities, or Tenant’s pro-rata share thereof, as determined by Landlord and presented to the Tenant as an signed and agreed to
addendum to the Lease. Notwithstanding the foregoing, Landlord shall have the right to interrupt any utilities or other services provided for in this Section 7 for such periods of time as Landlord deems necessary for repairs, alterations and
improvements, and Landlord shall not be responsible for the stoppage or interruption of any such utilities or other services and no such interruption shall result in an abatement of Rent. The failure by Landlord to furnish, or the interruption or
termination of such utilities or other services in whole or in part resulting from causes beyond the reasonable control of Landlord (including, without limitation, Force Majeure (as defined below)) shall not render Landlord liable in any respect or
be construed as an eviction of Tenant, or work an abatement of Rent, or relieve Tenant from any of its obligations hereunder. If Tenant fails to pay for any utilities or services provided by Landlord hereunder within 3 calendar days of when the
invoice for utilities/services is due, then Landlord shall have the right, without any notice to Tenant and in addition to Landlord’s other rights and remedies hereunder, to discontinue any or all of such utilities or services. 
 8.    TAXES AND ASSESSMENTS. Landlord shall pay all ad valorem taxes assessed on the Land and/or the Building. Tenant
shall pay, prior to delinquency, all taxes, assessments, impositions and charges assessed against or attributable to Tenant’s use and occupancy of the Premises, and assessed against all personal property, equipment, inventory and trade fixtures
located within the Premises and owned by the Tenant. Tenant shall pay Landlord upon demand all taxes and assessments and other governmental impositions and charges of every kind and nature whatsoever, extraordinary as well as ordinary, whether or
not now customary or within the contemplation of the parties hereto, which are levied upon or measured by the rental or any other sum payable hereunder, including, without limitation, any excise tax levied by any governmental body with respect to
the receipt of such rental or such other sum. Any taxes, assessments, impositions or charges assessed with respect to the Land, the Premises or the Building as a result of alterations, additions or improvements to the Premises made by, for or at the
direction of Tenant shall be reimbursed by Tenant to Landlord upon receipt by Tenant of written demand therefore from Landlord. 
 9.    USE OF THE PREMISES. Tenant shall continuously use and occupy the Premises only for general business office purposes and for no other purpose. Tenant shall, at its own cost, promptly comply with all

  

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applicable laws, rules, regulations and ordinances with respect to the use and occupancy of the Premises. Tenant shall comply with, and shall cause its
employees, invitees, customers and agents to comply with, all Rules and Regulations, and Landlord shall have no liability to Tenant for the non-compliance by other tenants and occupants of the Building of the Rules and Regulations, however, Landlord
shall have a duty to endeavor to cause all other tenants to comply with the Buildings Rules and Regulations to the best of their ability. Tenant shall not use or permit the use of the Premises for any purpose that is illegal, immoral or improper, or
is in violation of any Rule or Regulation or any applicable legal, governmental or quasi-governmental requirement, law, ordinance or rule, or that, in Landlord’s opinion, creates a nuisance, disturbs any other tenant of the Building or injures
the reputation of the Building. Tenant acknowledges and agrees that Landlord has made no representation or warranty (either expressed or implied) as to the suitability of the Premises for Tenant’s intended use of the Premises. 
 10.    PARKING. During the Term, Tenant shall have the non-exclusive right to use, in common with Landlord and other
tenants and occupants of the Building and their respective guests, employees and invitees, the non-reserved common automobile parking areas, driveways and footways located adjacent to the Building, as such areas are designated and/or modified by
Landlord from time to time in its sole discretion. Landlord shall have the right to reserve parking spaces as it elects and condition the use thereof on such terms as it elects, all in its sole discretion. Tenant shall always have a minimum of
fifteen (15) parking spaces in reasonable proximity to the building available to the Tenant for its employees and visitors. 
 11.    MAINTENANCE BY LANDLORD. Landlord shall be responsible for maintaining and repairing the roof, foundations, exterior walls, all structural parts of the Building and all electrical, plumbing and
heating, air conditioning and ventilation systems not exclusively serving the Premises including all common areas. Landlord shall not be responsible for any inconvenience or annoyance to Tenant caused by any such repairs or maintenance, and Tenant
shall not reduce or withhold any portion of any Rent payment without a prior final judicial determination of Tenant’s right to do so. However, Landlord shall diligently endeavor to avoid interrupting service for maintenance during the buildings
operating hours. In the event any of the foregoing repairs or maintenance is required because of any act or omission of Tenant or its employees, agents, invitees or representatives, then Tenant shall pay Landlord upon demand all costs and expenses
incurred by Landlord in performing such repairs or maintenance. Neither Landlord nor its agents have made any representations or warranties (either express or implied) with respect to the Premises or the condition thereof, and Tenant accepts the
Premises in “AS IS” and “WHERE IS” condition. Tenant agrees that, by leasing the Premises, Tenant has examined the Premises and has approved all matters concerning the Premises which Tenant deems material to
Tenant’s leasing and use of the Premises. Landlord shall have no obligation to make any improvements, alterations, repairs or maintenance to the Premises prior to or during the Term except as specifically set forth herein. 
 12.    ALTERATIONS. 
  
 a.    Tenant shall not make any alterations, additions or improvements to any portion of the Premises, either inside
or outside, without Landlord’s prior written consent in each instance. Upon any request by Tenant to make any alterations, additions or improvements, Landlord reserves the right to require Tenant to submit to Landlord plans and specifications
for Landlord’s approval. Any alterations, additions or improvements (except for movable equipment and furniture owned by Tenant) installed in the Premises by or on behalf of Tenant shall, at Landlord’s option, become a part of the Premises
and Landlord’s property upon the expiration or earlier termination of this Lease unless otherwise stated by Landlord in writing; provided, however, Landlord shall have the right to require Tenant to remove any such alteration, addition or
improvement at Tenant’s expense upon the expiration or earlier termination of this Lease. In the event that Landlord so elects, and Tenant fails to remove such alteration, addition or improvement, Landlord may remove such alteration, addition
or improvement at Tenant’s cost, and Tenant shall pay Landlord on demand the cost of restoring the Premises to the condition it existed as of the Commencement Date, ordinary wear and tear excepted. Tenant shall reimburse Landlord upon demand
for all costs and expenses incurred by 

  

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Landlord in repairing or replacing any damage to the Building, Premises or Common Areas caused by Tenant or Tenant’s agents, employees, invitees, or
visitors except to the extent covered by insurance. 
 b.    If any such alterations, additions or
improvements are consented to by Landlord, Tenant, at its sole cost and expense, shall perform such work in a good and workmanlike manner, and shall obtain all necessary governmental permits and certificates necessary for the commencement and
completion of such alterations, additions and improvements, and shall cause such alterations, additions and improvements to be performed in compliance therewith and with all applicable laws, ordinances, requirements, orders, rules and regulations.

 13.    ASSIGNMENT AND SUBLETTING. Tenant shall not assign or otherwise transfer this Lease or sublet any
or all of the Premises without Landlord’s prior written consent, which consent Landlord may withhold in its sole discretion. Such consent shall not be unreasonably withheld. The sale, transfer or issuance of the stock, membership interest or
partnership interest of Tenant shall be deemed an assignment of this Lease which shall require Landlord’s written consent, which will not be unreasonably withheld. If Landlord consents to any such assignment, sublet or transfer, (i) Tenant
shall not be released from any obligations or liabilities under this Lease; (ii) Landlord shall receive all sums and other consideration paid or payable to Tenant by such assignee, transferee or subtenant; and (iii) Tenant shall reimburse
Landlord for all costs and expenses incurred by Landlord in reviewing any such request. The acceptance of Rent by Landlord shall not be deemed to be a consent by Landlord to any such assignment, sublet or other transfer, nor shall the same be deemed
a waiver of any right or remedy of Landlord under this Lease, at law or in equity. Consent to one assignment or sublease by Landlord shall not be deemed a consent to future assignments or subleases. 
 14.    DAMAGE AND LOSS. Tenant shall use the Premises and all facilities of the Premises at Tenant’s risk.
Landlord shall not be liable to Tenant or Tenant’s employees, licensees, invitees or guests or any other person for any loss, injury or damage to any property or person occasioned by theft, Force Majeure or any other cause beyond the control of
Landlord, whether or not due to negligent acts or omissions of Tenant or Tenant’s employees, licensees, invitees or guests or by any other third parties. All property placed on, in or about the Premises by, at the direction of, or with the
consent of Tenant or its employees, agents, licensees or invitees shall be at the risk of Tenant or the owner thereof, and Landlord shall not be liable for any loss of or damage to said property resulting from any cause whatsoever. 
 15.    INSURANCE. 
 a.    Throughout the Term, Tenant shall maintain, at its own expense, the following types of insurance: 
  

	 	i.	commercial general public liability insurance, which shall include coverage for personal liability, contractual liability, Tenant’s legal liability, bodily injury (including
death) and property damage, all on an occurrence basis, with respect to the business carried on from the Premises and Tenant’s use and occupancy of the Premises in an amount not less than $1,000,000.00 per occurrence, with an umbrella liability
policy of $3,000,000.00 in excess of said liability insurance, with Landlord, Landlord’s mortgagee (if any) and Landlord’s designees named as additional insureds thereunder; 

  

	 	ii.	special extended coverage form property damage insurance with respect to Tenant’s property, equipment, inventory and fixtures located in or about the Premises, at the full
replacement cost thereof; 

  

	 	iii.	worker’s compensation insurance as required by law; and 

  

	 	iv.	any other insurance which Landlord reasonably requires. 

 b.    All such insurance policies shall: 
  

	 	i.	provide that they shall not be canceled or the coverage reduced without thirty (30) days prior written notice to Landlord and Landlord’s designees and mortgagee (if any);

  

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	 	ii.	provide that such insurance shall be primary with respect to any policies carried by Tenant and that any coverage by Landlord shall be excess insurance; 

  

	 	iii.	be issued by insurance companies authorized and licensed to do business in the State where the Premises are located and approved by Landlord, with a policy holders rating of no less
than “A-VIII” in the most current edition of Best’s Insurance Reports; 

  

	 	iv.	contain a waiver of subrogation endorsement acceptable to Landlord; and 

  

	 	v.	contain deductible amounts acceptable to Landlord, but in no event greater than $5,000.00. 

 c.    A copy of each insurance policy required to be maintained hereunder shall be delivered to Landlord prior to the
Commencement Date and not less than thirty (30) days prior to any renewal of such insurance policy. If Tenant fails to procure any of the insurance required under this Section 15 and fails to maintain the same in full force and effect
continuously during the Term, then Landlord shall have the right to obtain such insurance, and Tenant shall immediately reimburse Landlord for all costs and expenses of obtaining such insurance. 
 d.    Anything in this Lease to the contrary notwithstanding, Landlord and Tenant each hereby waive any and all rights
of recovery, claims, actions or causes of action against the other, its agents, officers, or employees, for any loss or damage that may occur to the Premises or a part thereof, or any improvements thereto, or any personal property of such party
therein, by reason of fire, the elements, or any other cause which is insured against under the terms of the insurance policies referred to in this Section 15, regardless of cause or origin, including negligence of the other party hereto, its
agents, officers, or employees. All insurance policies carried with respect to this Section 15, if permitted under applicable law, shall contain a provision whereby the insurer waives all rights of subrogation against Landlord and Tenant.

 16.    INDEMNIFICATION. Tenant agrees to indemnify, defend and hold Landlord and its employees, agents,
officers or representatives harmless from and against any and all suits, actions, claims, costs, damages, liabilities and expenses (including attorney’s fees and court costs) caused in whole or in part, or arising directly or indirectly out of
any negligent act or omission or willful misconduct of Tenant or Tenant’s agents, employees, customers, invitees or contractors; or (iii) any breach by Tenant of its obligations under this Lease. 
 17.    CASUALTY. 
 a.    In case of damage to or destruction of the Building or the Premises by fire or other casualty, Tenant shall give immediate written notice to Landlord. In such event, Landlord may terminate
this Lease upon written notice to Tenant within ninety (90) days of the date of such casualty. In the event Landlord does not elect to terminate this Lease, after receipt of sufficient insurance proceeds, Landlord shall restore, repair and
rebuild the Premises as nearly as practical to the condition the Premises was in immediately prior to such casualty, and Base Rent shall equitably abate based on the nature and extent of the Premises so damaged from the date of the casualty until
the date that the Premises is substantially repaired or restored. All insurance proceeds in connection with any casualty shall be payable to Landlord. In no event shall Landlord be required to repair or restore any damage to Tenant’s equipment,
trade fixtures or other personal property. 
 b.    Notwithstanding anything to the contrary contained in
this Section 17, in the event the Building and/or the Premises are damaged by fire or other casualty, Landlord shall have the right to terminate this Lease upon thirty (45) days written notice to Tenant if (i) any lender holding a
mortgage or deed of trust encumbering the Building or the Land requires that any portion of the insurance proceeds be applied to such indebtedness; (ii) a material portion of the Building or the Premises is damaged such that Landlord determines
it would not be feasible to repair such damage; or (iii) Landlord does not (or will not (as determined by Landlord in its sole discretion) actually receive sufficient insurance proceeds to pay for all such repairs and restoration. 

 

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 18.    EMINENT DOMAIN. In the event all or any portion of the Building,
Parking or the Premises is taken by eminent domain or pursuant to other governmental authority (including a deed in lieu thereof) (each, a “Taking”), then Landlord shall have the right to terminate this Lease upon written notice to Tenant
given within sixty (60) days of the date of such Taking. If Landlord does not elect to terminate this Lease, Landlord, after receipt of the condemnation award, shall repair and restore the Premises as nearly as practical to the condition of the
Premises immediately prior to such Taking (less the portion of the Premises so taken). In the event a portion of the Premises is taken, Base Rent shall equitably abate based on the nature and extent of the Premises so taken. Tenant shall have no
claim against any award or proceeds for any such Taking, and Tenant hereby assigns all of its right and interest to such award and proceeds to Landlord, except that Tenant shall have the right to make a separate award for its moving expenses and
trade fixtures, provided such award to Tenant does not diminish Landlord’s award. If any portion of the Premises, Tenant has the right to terminate the lease without notice. 
 19.    SURRENDER. 
 a.    Upon the expiration or earlier termination of this Lease, Tenant shall (i) quit and surrender the Premises to Landlord; (ii) remove from the Premises all of Tenant’s property
and repair any damage caused by such removal; (iii) clean the Premises and restore them to their original condition, ordinary wear and tear excepted; and (iv) perform all other obligations required of Tenant under the terms of this Lease.

 b.    If Tenant fails to vacate the Premises upon the expiration or earlier termination of this Lease
and no intent to hold over has been communicated in writing to the Landlord, then the Landlord may remove and/or store any such property at Tenant’s expense without liability to Tenant for any loss or damage thereto. If Tenant does not claim
and take delivery of any of Tenant’s property that remains in the Premises or in storage within ten (10) days after the expiration or earlier termination of this Lease, including paying Landlord all amounts due under this Lease, including,
without limitation, all costs of removal and storage of such property, Landlord may sell all or any portion of such property at a public or private sale after having given Tenant ten (10) days prior written notice. Landlord may apply the
proceeds of such sale to the costs of removal, storage and sale of the property, and then to all amounts due Landlord under this Lease. Any amount remaining shall be paid to Tenant upon Tenant’s written demand, without interest. 
 20.    HOLDING OVER. If Tenant holds over and remains in possession of the Premises beyond the expiration of the Term
or other termination of this Lease, such holding over shall not be deemed or construed to be a renewal of this Lease, but shall constitute the creation of a month-to-month tenancy which may be terminated by either Landlord or Tenant upon thirty
(30) days prior written notice the other party. By such holding over, Tenant shall be deemed to have agreed to be bound by the terms and conditions of this Lease, except that during such month-to-month tenancy, Tenant shall pay a monthly rental
rate equal to one hundred twenty five percent (125%) of the Rent for the immediately preceding month. Tenant shall indemnify Landlord for any costs and expenses incurred by Landlord as a result of any holdover by Tenant, including any costs or
expenses incurred in connection with a successor tenant of the Premises. 
 21.    DEFAULT. 
 a.    The following events or occurrences shall constitute events of default by Tenant under this Lease (each, an
“Event of Default”): 
  

	 	i.	Tenant’s failure to pay any installment of Base Rent, Additional Rent or other sum due hereunder within five (5) days of when due; 

  

	 	ii.	Tenant’s failure to perform any material covenant or condition of this Lease (except as set forth in (i) above) if such failure is not cured within thirty (30) days
of Tenant’s notice of such default; 

  

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	 	iii.	Tenant’s general assignment of all or substantially all of its assets for the benefit of creditors; or 

  

	 	iv.	Tenant’s filing a petition for relief of any kind under the provisions of Title 11 or Title 7 of the United States Code, as amended (the “Bankruptcy Code”), or an
involuntary petition under the Bankruptcy Code is filed against Tenant, or a receiver or trustee is appointed for all or substantially all of Tenant’s assets. 

 b.    Upon any Event of Default, in addition to any other rights and remedies under this Lease, at law or in equity,
and with or without terminating this Lease, Landlord and its agents and representatives may exercise any or all of the following rights and remedies : (i) bring suit for the collection of any amounts for which Tenant may be in default, or for
the performance of any covenant or agreement required to be performed by Tenant hereunder; (ii) terminate this Lease or terminate Tenant’s right to possession of the Premises, in which case Tenant shall pay Landlord upon demand for all
damages suffered by Landlord as a result of such default, including, without limitation, all past due Rent, all Rent due under this Lease from the date of such termination until the earlier of the end of the Term or the date upon which the Premises
is completely relet, and all costs and expenses incurred by Landlord in connection with reletting the Premises; and/or (iii) cure any such breach or default on behalf of Tenant, in which case Tenant shall pay Landlord upon demand for all the
damages suffered by Landlord and for all the costs and expenses incurred by Landlord in curing such default. Notwithstanding anything to the contrary contained in this Lease, in the event of an emergency, Landlord shall have the immediate right to
cure any such breach or default by Tenant prior to the expiration of the applicable notice and cure period if reasonably necessary to protect the Premises or the Building, to prevent injury or damage to persons or property or in the event of any
other emergency, and Tenant shall pay to Landlord all amounts expended by Landlord to cure such default within ten (10) days of written notice to Tenant of such amount. In the event Landlord shall terminate this Lease, Landlord shall have the
right to relet the Premises to such persons and upon such terms as Landlord shall determine in its sole discretion, and Tenant shall pay Landlord upon demand all costs and expenses associated with such reletting, including, without limitation,
attorneys’ fees, brokerage commissions and all costs and expenses for any alterations, improvements or upfitting performed to the Premises. Tenant shall also pay to Landlord all reasonable attorneys’ fees and court costs incurred by
Landlord as a result of any default by Tenant hereunder. All amounts due from Tenant to Landlord hereunder shall bear interest at the lesser of ten percent (10%) per annum, compounded monthly, or the maximum interest rate allowable under law,
until paid in full. 
 22.     SUBORDINATION. Tenant’s interest under this Lease and in
the Premises is and shall remain subordinate to every present and future mortgage, deed of trust or other security instrument encumbering the Building and/or the Premises and any extensions, modifications or renewals thereof, and to all advances
made thereunder. This provision is self-operative; provided, however, fifteen (15) days after Landlord’s request, Tenant agrees to execute any additional documents as may be required by Landlord or by any third party (including any lender
of Landlord), including any additional document to evidence such subordination. If Tenant fails to execute any such document within fifteen (15) days of request, such failure shall constitute an Event of Default as set forth in Section 21.
In the event Landlord sells or transfers the Premises, or in the event the Premises is acquired by any person or entity through a foreclosure sale (or deed in lieu thereof), then (i) Tenant agrees to attorn to such purchaser or
transferee as Tenant’s landlord under this Lease; (ii) Tenant agrees to continue to perform all of Tenant’s obligations under this Lease for such purchaser or transferee; and (iii) Tenant shall look solely to such purchaser or
transferee as the landlord under this Lease, and Landlord shall be released from all its liabilities and obligations hereunder, and Tenant’s remedies for any breach of this Lease shall be solely against such purchaser or transferee. 

23.    HAZARDOUS MATERIALS. 
 a.    Throughout the Term, Tenant and its employees, agents, invitees, licensees or contractors shall not cause,
permit or allow any substances, chemicals, materials or pollutants (whether solid, liquid or gaseous) deemed to be toxic or hazardous or the manufacture, storage, transport or disposal of which is regulated, 

  

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governed, restricted or prohibited by any federal, state or local agency or authority, or under any federal, state or local law, ordinance, rule or
regulation related to the environment, health or safety ( collectively, the “Environmental Laws”), including, without limitation, any oil, gasoline, petroleum, petroleum by-products, asbestos or asbestos containing materials (collectively,
the “Hazardous Materials”), to be handled, placed, stored, dumped, dispensed, released, discharged, deposited, manufactured, generated, treated, processed, used, transported or located on, in, under or about the Premises. Upon the
expiration or earlier termination of this Lease, Tenant, at Tenant’s expense, shall remove all Hazardous Materials from the Premises, except to the extent placed upon the Premises by Landlord. 
 b.     Tenant shall give Landlord immediate written notice of any problem, spill, discharge, threatened discharge or
discovery of any Hazardous Materials on or about the Premises or claim thereof. If such problem, spill, discharge, threatened discharge or discovery was caused, in whole or in part, by Tenant or its employees, agents, contractors, invitees or
licensees, such notice shall include a description of measures proposed to be taken by Tenant to contain and/or remediate the release of such Hazardous Materials and any resultant damage to or impact on property, persons and/or the environment
(which term includes, without limitation, soil, surface water or groundwater). Upon Landlord’s approval and at Tenant’s own expense, Tenant shall promptly take all steps necessary to clean up and remediate any release of such Hazardous
Materials, comply with all Environmental Laws and otherwise report and/or coordinate with Landlord and all appropriate governmental agencies. 
 c.    Tenant agrees to indemnify, release and hold Landlord harmless from and against all Liabilities (as defined below) suffered by, incurred by or assessed against Landlord or its agents,
employees, officers or representatives, whether incurred as a result of legal action taken by any governmental entity or agency, taken by any private claimant or taken by Landlord, as a result of the presence, disturbance, discharge, release,
removal or cleanup of any Hazardous Materials upon or under, on or off site, associated with or flowing from the Premises. Tenant’s obligations and liabilities under this Section 23 shall survive the expiration or earlier termination of
this Lease. 
 d.     The term “Liabilities” as used herein is hereby defined as any and all
liabilities, expenses, demands, damages (including punitive, exemplary and consequential damages), costs, cleanup costs, response costs, losses, causes of action, claims for relief, attorneys’ and other legal fees, other professional fees,
penalties, fines, assessments and charges. 
 24.     QUIET ENJOYMENT. Subject to the terms
and conditions of this Lease, and provided Tenant is not in default hereunder, Landlord agrees that Tenant shall hold and enjoy the Premises throughout the Term, free from any interference. 
 25.     NON-LIABILITY OF LANDLORD. Any judgment obtained by Tenant against Landlord with respect to this
Lease shall be satisfied only against the equity interest of Landlord in the Premises. Landlord shall not be liable for any deficiency, and Tenant shall have no right to levy execution of such judgment against any property of Landlord other than its
equity interest in the Premises, and in no event shall any officer, director, member, manager, agent or representative of Landlord have any personal liability with respect to this Lease. 
 26.     LIENS. Tenant shall keep the Premises and Tenant’s leasehold estate free from any liens
arising out of any work performed, material furnished or obligations incurred with respect to the Premises by Tenant. In the event any such lien is filed against the Premises, Tenant shall cause such lien to be discharged by payment or bonding off
within ten (10) days notice of the filing of the lien, failing which Landlord may pay and discharge such lien and Tenant shall reimburse Landlord upon demand for all costs and expenses incurred by Landlord in paying and discharging such lien.

 27.     ENTRY. Landlord and its agents, representatives, employees and mortgagees may
enter the Premises at all reasonable times with notice for the purpose of inspecting the Premises, performing alterations and repairs to the Premises or adjacent premises, exhibiting the Premises to prospective buyers, mortgages or tenants or for
any other reasonable purpose. Any such entry by Landlord shall not materially or unreasonably interfere with Tenant’s business and Tenant shall have the right to accompany the Landlord unless in the case of emergency. 
  

 9 

 28.    SIGNAGE. Tenant shall have space on the external
building stand up sign, on the suite door and on the building directory; provided any such signage shall comply with all applicable laws, ordinances and regulations. 
 29.    ESTOPPEL. Tenant shall, from time to time, upon fifteen (15) days prior notice, deliver to Landlord or its designee, a written statement certifying the
following: (i) this Lease is unmodified and is in full force and effect; (ii) the amount of Rent then payable under this Lease and the date to which Rent has been paid; (iii) there are no defaults under this Lease by Landlord or
Tenant, or a detailed description of such default; (iv) Tenant is in possession of the Premises; and (v) any other information reasonably requested. If Tenant shall fail to execute such document within ten (10) days of request, Tenant
shall be deemed to have approved such document and all the information contained therein. 
 30.    SECURITY
DEPOSIT. Simultaneously with the execution of this Lease, Tenant shall deposit with Landlord the sum of $3,399.50            (“Security Deposit”) as
security for the performance by Tenant of all the terms, covenants and conditions of this Lease upon Tenant’s part to be performed. The Security Deposit shall be returned to Tenant sixty (60) days after the expiration or earlier
termination of this Lease, provided Tenant has fully performed all obligations to be performed by Tenant hereunder and no default by Tenant exists hereunder. Landlord, without prejudice to any other remedy, shall have the right to apply all or any
part of the Security Deposit to cure any default of Tenant. If Landlord so uses any part of the Security Deposit, Tenant shall, upon demand, deposit with Landlord the amount so applied so that Landlord shall have the full Security Deposit on hand at
all times during the Term. In the event of a sale of the Premises, Landlord shall have the right to transfer or credit the Security Deposit to the purchaser of the Premises. Landlord shall thereupon be released from all liability for the return of
the Security Deposit and Tenant shall look solely to the new landlord for the return of the Security Deposit. The Security Deposit shall not be assigned or encumbered by Tenant without the prior written consent of Landlord. The Security Deposit
shall bear interest which will be paid to the Landlord to cover expenses of maintaining the Security Deposit Account and the security deposits may be commingled with other funds of Landlord. The Security Deposit is not an advance rental deposit or a
measure of Landlord’s damages in the event of Tenant’s default under this Lease. 
 31.    LANDLORD’S LIEN. In addition to any statutory lien in Landlord’s favor, Tenant hereby grants to Landlord a continuing security interest for the timely payment of all Base
Rent, Additional Rent and other sums of money becoming due hereunder from Tenant and for the timely performance of all of Tenant’s other obligations hereunder, upon all goods, wares, equipment, fixtures, furnishings, furniture, inventory, and
other personal property of Tenant which are or may be put into the Premises during the Term and all proceeds of the foregoing, and such property shall not be removed from the Premises during the Term without the consent of Landlord other than in the
ordinary course of business. Upon the occurrence of an Event of Default under this Lease, Landlord shall have, in addition to any other remedies provided herein or at law, all rights and remedies of a secured creditor under the Uniform Commercial
Code, as adopted in North Carolina, including, without limitation, the right to sell the property described in this Section 31 at public or private sale upon ten (10) days written notice to Tenant, and Landlord shall have the right to
become the purchaser of such property, upon being the highest bidder at the sale. Tenant agrees to execute and deliver to Landlord, and authorizes Landlord to prepare and record in the appropriate recording offices, financing statements or other
necessary documents requested by Landlord to effect and/or perfect such security interest, and Tenant agrees that this Lease may be recorded by Landlord in the appropriate recording offices as a financing statement. Any statutory lien for rent is
not hereby waived, the express contractual lien herein granted being in addition and supplementary thereto. 
  

 10 

 32.     NOTICES. All notices, requests and communications
given pursuant to the terms of this Lease shall be in writing, and given by: a) registered or certified U.S. mail, postage prepaid, return receipt requested, b) hand delivery or c) national overnight delivery service, and in all cases sent to the
following addresses: 
  

							
	 To Landlord:
	  	Floyd Smith Office Park LLC	  	To Tenant:	 	Super Vision International, Inc.
		  	125 Floyd Smith Drive	  		 	8210 Presidents Drive
		  	Suite 280	  		 	Orlando, FL 32809
		  	Charlotte, NC 28262	  		 	Attn: Mike Bauer
		  	Attn: Bob Rourke	  		 	
				
		  	with a copy to:	  		 	
		  	Parker, Poe, Adams & Bernstein L.L.P.	  		 	
		  	Three Wachovia Center	  		 	
		  	Suite 3000	  		 	
		  	401 S. Tryon Street	  		 	
		  	Charlotte, North Carolina 28202-1935	  		 	
		  	Attn: Craig T. Lynch, Esq.	  		 	

 All such notices, requests and communications shall be deemed given upon the earlier of
(i) actual receipt, or (ii) three (3) business days after deposit with the U.S. Mail or national overnight delivery service (as applicable). Either party may designate a different address by written notice given to the other in
accordance with this Section 32. 
 33.    NOTICE REQUIREMENT REGARDING MOLD. If at any
point during the Term of this Lease, Tenant sees, discovers or detects the presence of mold in or about the Premises, Tenant shall promptly deliver written notice thereof to Landlord. In the event that as a result of the presence of mold in or about
the Premises, any repair or maintenance is required because of any act of Tenant or its employees, agents, invitees or representatives, then Tenant shall pay Landlord upon demand all costs and expenses incurred by Landlord in performing such repairs
or maintenance. 
 34.     RIGHTS RESERVED TO LANDLORD. Landlord shall have the following rights
exercisable without notice and without liability to Tenant for damage or injury to property, person or business (all claims for damage being hereby waived and released by Tenant) and without effecting an eviction or disturbance of Tenant’s use
or possession of the Premises or giving rise to any claim for set-offs or abatement of Rent: 
 a.    To
install and maintain signs on the exterior and interior of the Building; 
 b.    To designate all sources
furnishing sign painting and lettering, towels, coffee cart service, vending machines or toilet supplies used or consumed in the Premises and the Building; 
 c.    To have pass keys to the Premises; 
 d.    To
grant to anyone the exclusive right to conduct any business or render any service in the Building, provided such exclusive right shall not operate to exclude Tenant from the use expressly permitted by this Lease; 
 e.    To have access to all mail chutes or boxes according to the rules of the United States Postal Service;

 f.    To require all persons entering or leaving the Building during such hours as Landlord may from
time to time determine in its sole discretion to identify themselves to security personnel by registration or otherwise, and to establish such persons’ right to enter or leave the Building, and to exclude or expel any peddler, solicitor or
beggar at any time from the Premises or the Building; and 
  

 11 

 g.     To close the Building at 6:00 p.m. on weekdays, and all day on
Saturdays, Sundays and business holidays, or at such other times as Landlord may determine in its sole discretion, subject, however, to Tenant’s right to admittance under such rules and regulations as shall be prescribed from time to time by
Landlord in its sole discretion. 
 35.    MISCELLANEOUS. 
 a.    Accord and Satisfaction. No payment by Tenant or receipt by Landlord of a lesser amount than any
installment or payment of Rent due shall be deemed to be other than on account of the amount due, and no endorsement or statement on any check or payment of Rent shall be deemed an accord and satisfaction. 
 b.    Attorneys’ Fees. If any action is taken to enforce any provision of this Lease, prevailing party
shall be entitled to recover from the other its reasonable attorneys’ fees and all costs incurred in such enforcement. 
 c.     Authority. Each of the persons executing this Lease on behalf of Tenant does hereby covenant and warrant that Tenant is a duly authorized and existing corporation, limited liability company or partnership,
as the case may be, that Tenant has and is qualified to do business in the State where the Premises are located, that Tenant has full right and authority to enter into this Lease and that each and all of the persons signing on behalf of Tenant are
authorized to do so. Upon Landlord’s request, Tenant shall provide Landlord with evidence reasonably satisfactory to Landlord supporting the foregoing representations. In addition Landlord shall provide Tenant with copy of warrant deed / proof
of ownership of the Building. 
 d.     Brokers. Landlord and Tenant each represent and warrant to
the other that they have not dealt with any real estate agent or broker in connection with this transaction, other than TC Carolinas, LC, whose commission shall be payable by Landlord. Landlord and Tenant each hereby indemnify and save the
other harmless from and against all loss, cost and expense incurred by reason of a breach of such representation or warranty. 
 e.     Counterparts. This Lease may be executed in two (2) or more counterparts with all being deemed collectively as one (1) lease. 
 f.     Cumulative Remedies. All rights and remedies of Landlord created under this Lease or rights and remedies
otherwise existing at law or in equity are cumulative, and the exercise of one or more rights or remedies shall not be taken to exclude or waive the right to the exercise of any other. 
 g.     Entire Agreement. This Lease represents the entire agreement between Landlord and Tenant with respect to
the Premises, and all prior and contemporaneous discussions and documents are superseded by this Lease. Any statement or representation not contained herein shall not be binding on either party. All subsequent amendments hereto must be in writing
and signed by the parties hereto. 
 h.    Force Majeure. Whenever a period of time is herein
prescribed for the taking of any action by either party, neither party shall not be liable or responsible for, and there shall be excluded from the computation of such period of time, any delays due to acts of God, strikes, accidents, casualties,
shortage of materials or supplies, labor disputes, wars, riots, storms or any other cause whatsoever beyond the reasonable control said party (“Force Majeure”). 
 i.     Governing Law. This Lease shall be construed and enforced in accordance with the laws of the State in
which the Premises are located. 
 j.     Invalidity. The invalidity or unenforceability of any
term herein shall not affect the validity or enforceability of any other term. 
 k.
    Memorandum. This Lease shall not be filed or recorded on the public record; provided, however, a memorandum thereof may be recorded at Tenant’s sole cost upon prior written consent of Landlord. 
 l.    Non-Waiver. No right or remedy under this Lease shall be waived unless the waiver is in writing and
signed by the party claimed to have made the waiver, and such waiver shall not be interpreted as a continuing waiver. 
  

 12 

 m.    Successors and Assigns. This Lease shall inure to the
benefit of, and shall be binding upon, the parties hereto and their respective successors and assigns. 
 n.    Time. Time is of the essence in each and every provision regarding either party’s performance under this Lease. 
 o.    Speedway Club Membership. Landlord agrees to pay one initial fee for one membership to the Lowe’s
Speedway Club. Tenant may, if he wishes, renew his club membership yearly for a cost of $400.00 to be paid by tenant. If other members of the firm wish to have their own membership to the club, they may join for an initial fee of
$400.00 paid for by the firm member.
 36.  EFFECT OF DELIVERY. Landlord has delivered a copy of this Lease to Tenant
for Tenant’s review only, and the delivery hereof does not constitute an offer to Tenant. This Lease shall not be effective until a copy executed by both Landlord and Tenant is delivered to and accepted by Landlord. 
 IN WITNESS WHEREOF, Tenant and Landlord duly execute this Lease as of the day and year first above written. 
  

			
	 Witness
	  	LANDLORD:
		
	 /s/                                      
                                  
	  	 Floyd Smith Office Park LLC
 By: Sonic Financial
Corp

		
		  	/s/ William R. Brooks
		  	 
		  	Vice President
		
	 Witness
	  	TENANT:
		
		  	Super Vision International, Inc.
		
	 /s/                                      
                                  
	  	
		  	/s/ Michael Bauer
		  	 
		  	President / Chief Executive Officer

  

 13 

 EXHIBIT A 
 LEGAL DESCRIPTION OF LAND 
 Lying and being in the Mallard Creek Township, Mecklenburg County, North Carolina and
lying to the northwest of US Highway 29 (120’ .public right-of-way) and lying to the northeast of Floyd Smith Office Park Drive (60’ public right-of-way, Map Book 37, Page 495) and being the property of Floyd Smith Office Park, LLC (:Deed
Book 12361, Page 859, Lot 1, Map Book 37, Page 495) and being more particularly described as follows: 
 BEGINNING at an existing #4 rebar at the
intersection of the right-of-way margins of US Highway 29 and Floyd Smith Office Park Drive; thence with the right-of-way margin of Floyd Smith Office Park Drive the following six courses and distances: ]) with the arc of a curve to the right having
a radius of 30.00 feet , an arc length of 44.91 feet, and a chord bearing and distance of N 85°34’50" W 40.83 feet to an existing #4 rebar; 2) N 42°41’42" W 261.54 feet to an existing #4 rebar; 3) with the arc of a curve to the
left having a radius of 530.00 feet, an arc length of 124.33 feet, and a. chord bearing and distance of N 49°24’56" W 124.05 feet to an existing bent #4 rebar; 4) N 56°08’10" W 329.90 feet to a point; 5) witl1 the arc of a curve to
the right having a radius of 470.00 feet, an arc length of 1l4.70 feet and a chord bearing and distance of N 49°08’41" W 114.42 feet to a point; 6) N 38°41 ‘27" W 56.16 feet to a point, a corner of Floyd Smith Office Park, LLC
(Deed Book 12361, Page 859, Lot 3, Map Book 37, Page 495); thence with Floyd Smith Office Park, LLC. N 42°09’11" W 45.66 feet; thence with Floyd Smith Office Park, LLC and along a creek the following fifteen courses and distances:

 1) N 42°22’13" E 41.53 feet to a point; 2) N 00°28’28" W 50.17 feet to a point; 3) N 06°03’37" E 37.32 feet to a point; 4) N
34°44’08" E 77.34 feet to a point; 5) N J 8°44’30" E 80.69 feet to a point; 6) N 5050 degrees 31 ‘32" E 19.62 feet to a point; 7) N 07°04’39" E 38.96 feet to a point; 8) N 60°01’13" E 38.29 feet to a point;
9) N 20°31’ 13" E 44.96 feet to a point; 10) N 27°08’ 12" E 34.83 feet to a point; 11) N 40°42’05" E 28.64 feet to a point; 12) N 53°25’49" E 41.71 feet to a point; 13) N 12°52’32" E 19.66 feet to a
point; 14) N 07°45’01" W 30.04 feet to a point; 15) N 46° 18’ 25" E 25.63 feet to a point in the line of P.M. Christenbury 8r. wife Henrietta C. Christenbury (Deed .Book 5208, Page 974); thence with the line of Christenbury
S 50°51 ‘07" E 1203.89 feet to an existing iron pin in the northwestern right-of-way .margin of US Highway 29; thence with the right-of-way margin of US Highway 29 the following two courses and distances: 1) S 50°46’55" W 464.14
feet to un existing 1/2" rod; 2) S 51°39’45" W 118.37 feet to the point of BEGINNING, containing 14.311 acres. 
  

 14 

 EXHIBIT B 
 FLOOR PLAN OF PREMISES 
 Build-out specifications – third floor. 
 Timing to be determined upon city/county’s acceptance of architectural CD’s. 
 

 
  

 15 

 EXHIBIT C 
 RULES AND REGULATIONS 
 1.    Sidewalks, doorways, vestibules, halls, stairways
and similar areas shall not be obstructed nor shall refuse, furniture, boxes or other items be placed therein by Tenant or its officers, agents, servants, and employees, or used for any purpose other than ingress and egress to and from the Premises,
or for going from one part of the Building to another part of the Building. Canvassing, soliciting and peddling in the Building are prohibited. 
 2.    Plumbing systems, fixtures and appliances shall be used only for the purposes for which constructed, and no unsuitable material shall be placed therein. 
 3.    No signs, directories, posters, advertisements or notices shall be painted or affixed on or to any of the windows or doors, or
in corridors or other parts of the Building, except in such color, size, and style, and in such places, as shall be first approved in writing by Landlord in its sole discretion. Building standard suite identification signs shall be prepared by
Landlord at Tenant’s expense. Landlord shall have the right to remove all unapproved signs without notice to Tenant, at the expense of Tenant. 
 4.    Tenants shall not do, or permit anything to be done, in or about the Building, or bring or keep anything therein, that will in any way increase the rate of fire or other insurance on the Building, or on property
kept therein or otherwise increase the possibility of fire or other casualty. 
 5.    Landlord shall have the power to
prescribe the weight and position of heavy equipment or objects. All damage done to the Building by the improper placing of such heavy items will be repaired at the expense of Tenant. 
 6.    Tenant shall notify the Building manager when safes or other heavy equipment are to be taken in or out of the Building, and the
moving shall be done after written permission is obtained from Landlord on such conditions as Landlord shall require. 
 7.    Corridor doors, when not in use, shall be kept closed. 
 8.    All deliveries must be
made via the service entrance and service elevator, when provided, during Normal Business Hours. Landlord’s written approval must be obtained for any delivery during non-Normal Business Hours. 
 9.    Tenant shall cooperate with Landlord’s employees in keeping the Premises neat and clean and in the performance of
janitorial service to the Premises. 
 10.    Tenants shall not cause or permit any improper noises in the Building, or
allow any unpleasant odors to emanate from the Premises, or otherwise interfere, injure or annoy in any way other tenants in the Building or their invitees, customers, guests and employees. 
 11.    No animals shall be brought into or kept in or about the Building. 
 12.    No machinery of any kind, other than ordinary office machines such as typewriters, information processing systems, copy
machines, communications equipment and calculators, shall be operated on the Premises without the prior written consent of Landlord, not shall a Tenant use or keep in the Building any inflammable or explosive fluid or substance (including Christmas
trees and ornaments), or any illuminating materials. No space heaters or fans shall be operated in the Building. 
 13.    No bicycles, motorcycles or similar vehicles will be allowed in the Building. 
  

 16 

 14.    No nails, hooks, or screws shall be driven into or inserted in any part of the
Building (other than the hanging of pictures and or decorations on interior walls of Premises), nor shall Tenant perform any boring, cutting or installation of any wirings in any part of the Building, without the prior written approval of Landlord.

 15.    Landlord has the right to evacuate the Building in the event of an emergency or catastrophe. 
 16.    No food and/or beverages shall be distributed from Tenant’s office without the prior written approval of the Landlord;
provided that Tenant may prepare coffee and similar beverages and warm typical luncheon items for the consumption by Tenant’s employees and invitees. 
 17.    No additional locks shall be placed upon any doors without the prior written consent of Landlord. All necessary keys shall be furnished by Landlord. Tenant shall make duplicates of the keys
for the Premises without the consent of Landlord. Additional keys shall be obtained only from Landlord, at a reasonable, competitive fee to be determined by Landlord. 
 18.    Tenants will not locate equipment, cabinets or furniture adjacent to mechanical or electrical access panels or over air conditioning outlets so as to prevent Landlord’s personnel and
employees from servicing such units. All costs of moving such equipment, cabinets or furniture for Landlord’s access will be at Tenant’s expense. 
 19.    Tenant shall comply with such parking rules and regulations as may be posted and distributed from time to time by Landlord. 
 20.    No portion of the Building shall be used for lodging rooms, gambling or any illegal, immoral or improper purpose. 

21.    Tenant shall not install any window shades, blinds, drapes or any other window treatment of any kind whatsoever without
Landlord’s prior written consent. 
 22.    Landlord reserves the right to rescind any of these Rules and
Regulations, and make such other and further Rules and Regulations as it deems necessary from time to time for the benefit of the Building, which Rules and Regulations shall be binding upon Tenant. 
  

 17Settlement and License Agreement

 Exhibit 10.16 
 CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR PORTIONS OF THIS EXHIBIT. THE COPY FILED HEREWITH OMITS THE INFORMATION SUBJECT TO THE CONFIDENTIALITY REQUEST. OMISSIONS ARE DESIGNATED AS [XXXXX]. A COMPLETE VERSION OF THIS EXHIBIT HAS
BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 
 SETTLEMENT and LICENSE AGREEMENT 
 THIS SETTLEMENT and LICENSE AGREEMENT (the “Agreement”) dated as of the 4th day of December 2006 (the “Effective Date”), is entered
into between Color Kinetics Incorporated, a Delaware corporation (“CK” or “Color Kinetics”) and Super Vision International, Inc., a Delaware corporation (“SV” or “Super Vision”), (collectively the
“parties”). 
 WHEREAS, Color Kinetics develops, manufactures, and/or distributes certain technology relating to semi-conductor
lighting; 
 WHEREAS, Super Vision develops, manufactures and distributes semi-conductor lighting products; 
 WHEREAS, Super Vision has been found to infringe five patents in a suit that was brought by Color Kinetics in the United States District Court, District
of Massachusetts; 
 WHEREAS, Super Vision is currently asserting patent infringement against Color Kinetics in the United States District
Court, Eastern District of Texas and Color Kinetics is currently asserting non-infringement and invalidity of the same patent in a declaratory judgment action brought in the United States District Court, District of Massachusetts; 
 WHEREAS, the parties wish to settle all claims that both parties may have against each other and enter into a license agreement under which Super Vision
will develop, distribute and sell Licensed Products, as defined below; 
 NOW, THEREFORE, in consideration of the foregoing premises and the
mutual covenants herein contained, the parties hereby agree as follows: 
 ARTICLE 1 — DEFINITIONS 
 For purposes of the Agreement, the terms defined in this article shall have the respective meanings set forth below: 
 1.1 “Affiliate” shall mean, with respect to any Person, any other Person that directly or indirectly controls, is controlled by, or is under
common control with, such Person. Without limitation, a Person shall be regarded as in control of another Person if it owns, or directly or indirectly controls, more than fifty percent (50%) of the voting stock or other ownership interest of
the other Person. 
 1.2 “CK Patent Rights” shall mean all CK United States and foreign utility patents that have been issued as of
the Effective Date. A complete list of these issued patents is provided on Schedule A. 
 1.3 “Direct Copy Licensed Product” shall
mean a Licensed Product marketed by Super Vision that is substantially similar, in terms of its size, shape, and appearance, to a product that Color Kinetics is marketing at the time that Super Vision proposes to introduce the Licensed Product. It
being understood however that such ” Direct Copy Licensed Products” shall not include standard light form factors such as an MR16, Edision-style bulb, etc. 
  

 - 1 - 

 1.4 “End Users” shall mean the ultimate owners or users of a product and shall not include
intermediate distributors or sales representatives. 
 1.5 “Excluded Field” shall mean (i) all consumer products, excluding
automotive aftermarket products, (ii) color-changing or color temperature variable LED-based lighting fixtures, controllers, and software for use in an aircraft, and (iii) color-changing or color temperature variable LED-based lighting fixtures,
controllers, and software to be sold directly or indirectly to Pentair, Inc., its subsidiaries or affiliates. 
 1.6 “Licensed
Products” shall mean the Direct Copy Licensed Products and the Other (Non-Direct Copy) Licensed Products listed in Schedule B and additional products added to Schedule B from time to time as provided in Article 4.2. Licensed Products shall only
include integrated, stand-alone products and shall not include OEM components that are intended to be integrated into a Third Party finished product. 
 1.7 “Net Revenue” shall mean (a) the greater of (i) the revenue that Super Vision receives in connection with the use, sale, rental, or other distribution of a Licensed Product from a Third Party,
without reduction for discounts, allowances or commissions, or (ii) the cost incurred in manufacturing the Licensed Product, (b) minus any and all transportation and insurance charges and all sales, excise or similar taxes and duties
billed to the purchaser of the Licensed Product. 
 1.8 “Person” shall mean an individual, corporation, partnership, trust,
business trust, association, joint-stock company, joint venture, pool, syndicate, sole proprietorship, unincorporated organization, governmental authority or any other form of entity not specifically listed herein. 
 1.9 “Term” shall mean eleven (11) years from the Effective Date. 
 1.10 “Third Party” shall mean any Person other than Super Vision, Color Kinetics and their respective Affiliates. 
 1.11 “Trademarks” shall mean the CK Trademarks listed on Schedule A. 
 1.12 Certain Additional Definitions. As used in this Agreement, “herein,” “hereunder” and “hereof” shall refer to this
Agreement as a whole, and “including” shall mean “including but not limited to” and “including, without limitation.” 
 ARTICLE 2 — SETTLEMENT OF ALL OUTSTANDING CLAIMS 
 2.1 Super Vision shall file a motion for dismissal with the Eastern
District of Texas Court to dismiss with prejudice the Super Vision patent infringement lawsuit filed against Color Kinetics, Case No. 2-06CV-146-TJW, within ten (10) days of the Effective Date of this Agreement. 
 2.2 Color Kinetics shall file a notice of dismissal with the District of Massachusetts Court to dismiss without prejudice the Color Kinetics declaratory
judgment lawsuit filed against Super Vision and High End Systems Inc., Case No. 1:06-cv-10641-RCL, within ten (10) days of the Effective Date of this Agreement. 
  

 - 2 - 

 2.3 Super Vision shall waive, and hereby waives, any and all right to appeal the Final Judgment and Order
entered in the District of Massachusetts Court, Case No. 02-CV-11137-MEL (the “Final Judgment”). Color Kinetics shall be entitled to seek immediately enforcement of the permanent injunction if the licenses granted under this
Agreement for any patent-in-suit is terminated for any reason. 
 2.4 Super Vision
shall pay Color Kinetics $825,000 as settlement for all claims that the parties may have against each other to include all patent infringement damages and legal costs and fees that arose prior to the execution of this Agreement and the award
specified in the Final Judgment. Super Vision shall deliver to Color Kinetics a promissory note at the time of this execution of this Agreement in the amount of $825,000 payable to Color Kinetics. Such promissory note shall be due and
payable in full by December 25, 2007, to be paid in equal twelve (12) month installments of $68,750 beginning January 25, 2007 and payable by the 25th of each month following until paid in full. The promissory note to be provided to Color Kinetics is provided in Schedule D. On satisfaction of the last payment by Super Vision under this
paragraph and provided that Super Vision has not otherwise breached this Agreement, Color Kinetics shall waive payment of the amount awarded in the Final Judgment. 
 2.5 Super Vision shall not disparage or challenge the validity of any Color Kinetics issued patents during the Term nor take any actions that are likely to impair such Color Kinetics patents. 
 ARTICLE 3 — RIGHTS AND LICENSES GRANTED BY COLOR KINETICS 
 3.1 Color Kinetics hereby grants to Super Vision a royalty-bearing, non-exclusive license under the CK Patent Rights to develop Licensed Products during the Term and to manufacture, have made, use, distribute, import,
sell and offer to sell Licensed Products worldwide during the Term; provided, however, that this license grant shall not include a license to manufacture, have made, use, distribute, import, sell and offer to sell Licensed Products within the
Excluded Field. The license granted to Super Vision provides no right to sublicense, except that Super Vision shall be entitled to subcontract the development and manufacture of Licensed Products, in whole or in part for sale or distribution solely
to Super Vision. 
 3.2 Super Vision hereby grants to Color Kinetics a royalty-free, non-exclusive license under U.S. Patent 4,962,687
(“‘687 patent”) to develop, manufacture, have made, use, distribute, import, sell and offer to sell products during the entire life of the ‘687 patent, i.e., from the time in which the ‘687 patent was granted until it
expires. The license granted to Color Kinetics provides no right to sublicense, except that Color Kinetics shall be entitled to subcontract the development and manufacture of products, in whole or in part for sale or distribution solely to Color
Kinetics. 
 ARTICLE 4 — OBLIGATIONS OF SUPER VISION 
 4.1 Manufacture; Quality Control; Warranty and Liability Claims. Super Vision shall assume full responsibility for the manufacture of Licensed Products, for the maintenance of reasonable quality control standards, and
for all warranty and liability claims by any Third Party with respect to the Licensed Products. CK reserves the right to review and approve Licensed Products in order to determine whether they meet CK’s reasonable quality standards; if CK has
objections to the quality of a Licensed Product, 

  

 - 3 - 

 
CK shall notify Super Vision of there concern in writing and Super Vision shall have 45 days to remedy any quality standard concern. If Super Vision does not
reasonably remedy the quality control concern, then CK shall be entitled to prohibit use of the Trademarks in respect of such Licensed Product by giving Super Vision notice to that effect in writing. 
 4.2 Licensed Products. Super Vision shall be entitled to add products to Schedule B as Licensed Products from time to time by providing written notice to
CK, describing the product in reasonable detail and providing photographs or drawings of the product, no later than thirty calendar days prior to its first use, marketing, offer for sale, sale or other disposal. Within thirty calendar days from
receiving the product information CK shall notify Super Vision whether CK has determined that the proposed product is to be treated as a Direct Copy Licensed Product. 
 4.3 Sales, Marketing, Advertising and Marking. Super Vision shall be solely responsible for the marketing and sales of the Licensed Products and all advertising of the Licensed Products. Super Vision will mark the
Licensed Products, and packaging for the Licensed Products, with the “Licensed by Color Kinetics” logo as specified in the CK Licensing Partner Program Style Guide, as it may be amended from time to time (Super Vision shall be responsible
for compliance with amendments only upon reasonable prior notice). Super Vision will mark the front of the packaging of the Licensed Products and the front of the Licensed Products with U.S. Patent Nos. which will be identified by CK from time to
time. 
 4.4 Public Announcements. The parties shall announce the existence of this Agreement in a mutually agreeable press release or
otherwise within ten days of the Effective Date, unless otherwise required by law. The mutually agreed to press release shall not disclose the financial terms of the Agreement. The parties shall be entitled to disclose the amount of the settlement,
but not the royalty rates (unless required by law), in later S.E.C. filings and company earnings calls. 
 ARTICLE 5 — PAYMENT
OBLIGATIONS OF SUPER VISION 
 5.1 For Licensed Products, Super Vision will pay the royalties on Net Revenue set forth in Schedule C of this
Agreement. Payment of Royalties is required only in respect of such Patent Rights which have been granted and which are in force at any time and from time to time. Thus, for example and without limitation, no Royalties shall be payable in respect of
patent or utility model applications which have not yet been granted or in respect of patents or utility models which have been granted, but which are invalidated or held unenforceable (by a decision not subject to or subjected to appeal) or which
cease to exist for any other reason. Further, for example and without limitation, no Royalties shall be payable in respect of Licensed Products which do not utilize Patent Rights granted and in force. A Licensed Product shall be subject to payment
of Royalties when sold or otherwise distributed only when such Licensed Product has been made, assembled (to include the manufacturing and/or assembling of a component which is integrated into the Licensed Product) or sold in a jurisdiction where CK
has at least one valid and enforceable patent included in the “CK Patent Rights” which is utilized in the Licensed Product. 
 5.2 All Royalties will be paid on a quarterly basis during the Term, with the first payment due
January 25, 2007 for sales that occur after the Effective Date and prior to December 31, 2006. Thereafter, the payment shall be made by the 25th of month following the end of the calendar quarter. Each royalty report shall set forth the calculation of the royalties due, including the number and type of Licensed Products sold during the three
month (or shorter, if applicable) period. Royalties shall be payable in US Dollars using the average exchange rate between USD and the foreign currency during the relevant three (3) month period according to the Wall Street 

  

 - 4 - 

 
Journal. CK shall have the right upon reasonable notice not more twice per year to have an independent auditor examine the books and records of Super Vision
to ensure compliance with the payment provisions of this Agreement. Underpaid amounts shall be paid applying a late fee of 1.5% above the prime rate per month (according to the Wall Street Journal on the date that the amount in question became
overdue) from original due date until all overdue amounts, including accrued late charges, are paid in full. If Super Vision has underpaid the amount due for any period by more than five percent (5%) of the amount due, then Super Vision shall
pay for that audit and the next two subsequent audits. 
 ARTICLE 6 — CONFIDENTIALITY 
 6.1 During the Term and thereafter, except as otherwise provided in this Agreement, neither of the parties hereto shall disclose any terms or conditions
of the Agreement, or performance thereunder, to any Third Party without the prior consent of the other party except (i) its auditors, attorneys, insurance carriers and Affiliates, (ii) as required by law, order or regulation of a
governmental agency or a court of competent jurisdiction, or (iii) in connection with a change in control or financing; and the party making any such disclosure in case (i), (ii) or (iii) shall seek reasonable safeguards to maintain
the confidentiality of the disclosure. The foregoing shall not otherwise prevent disclosure of (A) information that is now in the public domain or subsequently enters the public domain by publication or otherwise through no action or fault of
the other party; (B) information that is known to either party without restriction, prior to receipt from the other party under this Agreement, from its own independent sources as evidenced by such party’s written records, and which was
not acquired, directly or indirectly, from the other party; (C) information that either party receives from any third party reasonably known by such receiving party to have a legal right to transmit such information, and not under any
obligation to keep such information confidential; and (D) information independently developed by either party’s employees or agents provided that either party can show that those same employees or agents had no access to the confidential
information received hereunder. 
 6.2 No Use of Name. Except as otherwise required by applicable law, regulation or order of a governmental
agency or court of competent jurisdiction, or as expressly permitted by this Agreement, neither party shall use the name of the other party or the other party’s directors, officers or employees in any advertising, news release or other
unrestricted publication, without the prior express written consent of the other party. The foregoing shall not preclude the mentioning in general terms of the existence of this Agreement (without details of Royalty Rates or term) by a party in its
governmental security filings or related earnings announcements. 
 ARTICLE 7 — INTELLECTUAL PROPERTY OWNERSHIP 
 Color Kinetics shall retain the entire, right, title and interest worldwide in the CK Patent Rights and Trademarks, subject to the licenses granted
herein. 
 Super Vision shall retain the entire, right, title and interest worldwide in the Super Vision Patent Rights and Trademarks, subject to the license
granted herein. 
  

 - 5 - 

 ARTICLE 8 — REPRESENTATIONS AND WARRANTIES 
 8.1 Mutual Representations. Each party hereby represents and warrants to the other party as follows: 
 8.1.1 Corporate Existence and Power. Such party (a) is a corporation duly organized, validly existing and in good standing under the laws of the
jurisdiction in which it is incorporated, and (b) has the power and authority and the legal right to own and operate its property and assets, and to carry on its business as it is now being conducted. 
 8.1.2 Authorization and Enforcement of Obligations. Such party (a) has the power and authority and the legal right to enter into the Agreement and
to perform its obligations hereunder and (b) has taken all necessary action on its part to authorize the execution and delivery of the Agreement and the performance of its obligations hereunder. The Agreement has been duly executed and
delivered on behalf of such party, and constitutes a legal, valid, binding obligation, enforceable against such party in accordance with its terms. 
 8.1.3 No Consents. All necessary consents, approvals and authorizations of all governmental authorities and other Persons required to be obtained by such party in connection with the Agreement and the performance hereof have been obtained.

 8.1.4 No Conflict. The execution and delivery of the Agreement and the performance of such party’s obligations hereunder (a) do
not conflict with or violate any requirement of applicable laws, and (b) do not conflict with, or constitute a default under, any of its contractual or other obligations of it. 
 8.2 Super Vision Representations. Super Vision hereby represents and warrants to Color Kinetics as follows: 
 8.2.1 Super Vision is not aware, as of the Effective Date, of any Color Kinetics’ products or activities that would infringe any existing Super
Vision patents rights (to include issued patents and currently pending patent applications). 
 8.2.2 Super Vision has sufficient ownership
rights and the authority to grant the license of the ‘687 patent provided in Article 3.2. 
 8.2.3 Super Vision shall not disparage or
challenge the validity of any Color Kinetics issued patents during the Term nor take any actions that are likely to impair such Color Kinetics patents. Any violation of this representation and warranty shall constitute an immediate and
non-remediable breach of this Agreement. 
 8.3 Nothing in this Agreement may be construed as 
 8.3.1 a warranty or representation by either party as to the validity or scope of any Patent Rights; 
 8.3.2 a warranty or representation that anything made, used, sold, or otherwise disposed of under any license granted in this Agreement is or will be
free from infringement of patents or other intellectual property rights of third persons; 
 8.3.3 a requirement that either party file any
patent application, secure any patent, or maintain any patent in force; 
  

 - 6 - 

 8.3.4 an obligation to bring or prosecute actions or suits against third parties for infringement of any
patent; 
 8.3.5 an obligation to furnish any manufacturing or technical information, or any information concerning pending patent
applications; 
 8.3.6 conferring a right to use in advertising, publicity, or otherwise any trademark or trade name of the party from which
a license is received under the Agreement (other than as is required by Article 4.3); or 
 8.3.7 granting by implication, estoppel, or
otherwise any licenses or rights under patents other than Patent Rights. 
 8.3.8 agreeing that any products infringe any of the listed
patents other than those products that have been ruled to infringe by a court of law prior to this agreement. 
 8.4 Disclaimer of
Warranties. EXCEPT AS SET FORTH IN THIS ARTICLE 8, NEITHER PARTY MAKES ANY REPRESENTATIONS OR WARRANTIES, EXPRESS, IMPLIED OR STATUTORY WITH RESPECT TO THE PATENT RIGHTS, THE TRADEMARKS, OR THE LICENSED PRODUCTS. THE PARTIES SPECIFICALLY DISCLAIM
ANY AND ALL IMPLIED WARRANTIES, INCLUDING, WITHOUT LIMITATION, THE IMPLIED WARRANTIES OF MERCHANTABILITY, NON-INFRINGEMENT AND FITNESS FOR A PARTICULAR PURPOSE. 
 ARTICLE 9 — TERM AND TERMINATION 
 9.1 Term. This Agreement shall be effective beginning on the
Effective Date and shall remain in effect for the Term, unless earlier terminated as provided below. 
 9.2 Termination for Cause. In case
either party breaches any of the terms and conditions hereof, the aggrieved party shall notify the breaching party in writing of such failure or default, and the breaching party shall then remedy such failure or default by complying with the terms
of this Agreement. If the breaching party has not cured such breach within thirty (30) days of receipt of such notice, the aggrieved party may, in addition to any other remedies available at equity or in law, terminate this Agreement
immediately by a further notice in writing; provided, that a breach by Super Vision that threatens to or in fact affects Color Kinetics’ rights to the Patent Rights shall immediately and irreparably harm Color Kinetics, and, Color Kinetics in
such case shall be without adequate remedy in damages and shall be entitled to temporary and permanent injunctive relief and such additional remedy as may be determined by any court of competent jurisdiction. Color Kinetics may terminate this
license immediately if (i) Super Vision sues Color Kinetics for patent infringement anywhere in world, or (ii) a third party sues Color Kinetics anywhere in the world asserting a patent that is owned by Super Vision. Color Kinetics will be
entitled to seek enforcement of the permanent injunction if the license granted to Super Vision is terminated. 
 9.3 Effect of Expiration or
Termination. Expiration or termination of the Agreement shall not relieve the parties of any obligation accruing prior to such expiration or termination, and all terms of this Agreement which by their nature extend beyond its termination remain in
effect until fulfilled and apply to respective successors and assigns. Upon termination of the Agreement for any reason, the license granted to Super Vision hereunder shall terminate. Termination of the Agreement shall have no effect on either
party’s control and ownership of its respective intellectual property rights in its technology. 
  

 - 7 - 

 ARTICLE 10 — INDEMNIFICATION; LIMITATION ON LIABILITY 
 10.1 Indemnification by Super Vision. Super Vision shall indemnify, defend and hold harmless Color Kinetics and its directors, officers, Affiliates,
employees and agents (collectively “Agents”) from all losses, liabilities, damages and expenses (including reasonable attorneys’ fees and costs) (collectively, “Damages”) that they may suffer as a result of any claims,
demands, actions or other proceedings (collectively, “Actions”) made or instituted by any Third Party against any of them and arising out of (i) any claim that any Licensed Product made, used or sold by or under authority of Super
Vision is defective, or has caused damage to any Third Party, and (ii) any inaccurate representation or breach of warranty by Super Vision. 
 10.2 Indemnification by CK. CK shall indemnify, defend and hold harmless Super Vision and its Agents from all Damages that they may suffer as a result of any Actions made or instituted by any Third Party against any of them and arising out
of any inaccurate representation or breach of warranty by CK. 
 10.3 Indemnification Procedure. If an indemnified party intends to claim
indemnification under this article, it shall promptly notify the indemnifying party of any Damage or Action with respect to which the indemnified party intends to claim such indemnification. The indemnifying party’s indemnity obligations under
this article shall not apply to amounts paid in any settlement if effected without the consent of the indemnifying party, which consent shall not be unreasonably withheld or delayed. The indemnifying party shall not settle or consent to an adverse
judgment in any such Action that adversely affects the rights or interests of the indemnified party or any if its Agents or imposes additional obligations on the indemnified party or any of its Agents, without the prior express written consent of
the indemnified party, which consent shall not be unreasonably withheld or delayed. The indemnified party shall cooperate fully with the indemnifying party and its legal representatives in the investigation of any action, claim or liability covered
by this indemnification. 
 10.4 Limited Liability. IN NO EVENT SHALL ANY PARTY HERETO BE LIABLE TO ANY OTHER PARTY OR ANY THIRD PARTY FOR
ANY SPECIAL, CONSEQUENTIAL, INCIDENTAL OR PUNITIVE DAMAGES ARISING OUT OF OR RELATED TO THIS AGREEMENT OR WITH RESPECT TO ANY CLAIM, DEMAND, ACTION OR OTHER PROCEEDING RELATING TO THIS AGREEMENT HOWEVER CAUSED, AND ON ANY THEORY OF LIABILITY
(INCLUDING NEGLIGENCE), WHETHER OR NOT THE PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. IN NO EVENT SHALL A PARTY BE LIABLE TO THE OTHER FOR DAMAGES IN EXCESS OF THE FEES ACTUALLY RECEIVED BY COLOR KINETICS HEREUNDER. HOWEVER, THE
LIMITATIONS IN THE PRECEEDING TWO SENTENCES SHALL NOT APPLY EITHER TO THIRD PARTY CLAIMS FOR WHICH A PARTY HAS AGREED TO INDEMNIFY THE OTHER UNDER THIS AGREEMENT, TO VIOLATIONS OF COLOR KINETICS’S INTELECTUAL PROPERTY RIGHTS, OR TO BREACHES OF
A PARTY’S CONFIDENTIALITY OBLIGATIONS. 
 ARTICLE 11 — FORCE MAJEURE 
 No party shall be held liable or responsible to the other party nor be deemed to have defaulted under or breached the Agreement for failure or delay in
fulfilling or performing any term of the Agreement to the extent, and for so long as, such failure or delay 

  

 - 8 - 

 
is caused by or results from causes beyond the reasonable control of the affected party including but not limited to fires, earthquakes, floods, embargoes,
wars, acts of war (whether war is declared or not), insurrections, riots, civil commotions, strikes, lockouts or other labor disturbances, acts of God or acts, omissions or delays in acting by any governmental authority or other party. This
provision shall not apply to payment obligations. 
 ARTICLE 12 — MISCELLANEOUS 
 12.1 Notices. Any consent, notice or report required or permitted to be given or made under the Agreement by one party to the other party shall be in
writing, delivered personally or by facsimile (and promptly confirmed by personal delivery, first class mail, courier or internationally-recognized delivery service), and addressed to the other party at the address indicated above, or to such other
address as the addressee shall have last furnished in writing to addressor, with copies to their respective attorneys: 
  

			
	            If to Color Kinetics:	  	Color Kinetics Incorporated
		  	10 Milk Street
		  	Boston, MA 02108
		  	Attention: General Counsel
		
	            If to Super Vision:	  	Super Vision International Inc.
		  	8210 Presidents Drive
		  	Orlando, FL 32809
		  	Attention: Mike Bauer – President / CEO

 Except as otherwise provided in the Agreement, such consent, notice or report shall be effective upon receipt by
the addressee. 
 12.2 Governing Law. The Agreement shall be governed by and construed in accordance with the laws of the Commonwealth of
Massachusetts, without regard to the conflicts of law principles thereof, and shall not be governed by the United Nations Convention on Contracts for the International Sale of Goods. Each party hereby consents to the personal jurisdiction of the
Commonwealth of Massachusetts, acknowledges that venue is proper in any state or Federal court in the Commonwealth of Massachusetts, agrees that any action arising out of or related to this Agreement must be brought exclusively in a state or Federal
court in the Commonwealth of Massachusetts, and waives any objection it has or may have in the future with respect to any of the foregoing. 
 12.3 Export Laws and Regulations. Each party hereby acknowledges that the rights and obligations of the Agreement are subject to the laws and regulations of the United States relating to the export of products and technical information.
Without limitation, each party shall comply with all such laws and regulations. 
 12.4 Waivers and Amendments. No change, modification,
extension, termination or waiver of the Agreement, or any of the provisions herein contained, shall be valid unless made in writing and signed by duly authorized representatives of the parties hereto. 
 12.5 Entire Agreement. The Agreement and the Schedules attached hereto embody the entire understanding between the parties and supersede any prior
understanding and agreements between and among them respecting the subject matter hereof. There are no representations, agreements, arrangements or understandings, oral or written, between the parties hereto relating to the subject matter of the
Agreement that are not fully expressed herein. 
  

 - 9 - 

 12.6 Independent Contractors. The parties hereto are independent contractors and are not, and shall not
represent themselves as, principal and agent, partners or joint venturers. No party shall attempt to act, or represent itself as having the power, to bind another party or create any obligation on behalf of another party. Each party shall be solely
responsible for the employment, direction and control of its employees and their acts. 
 12.7 Severability. Whenever possible, each
provision of this Agreement will be interpreted in such manner as to be effective and valid under applicable law. The parties agree that (i) the provisions of this Agreement shall be severable in the event that any of the provisions hereof are
for any reason whatsoever invalid, void or otherwise unenforceable, (ii) such invalid, void or otherwise unenforceable provisions shall be automatically replaced by other provisions which are as similar as possible in terms to such invalid,
void or otherwise unenforceable provisions but are valid and enforceable, and (iii) the remaining provisions shall remain enforceable to the fullest extent permitted by law. 
 12.8 No Assignment. No party may assign its rights or delegate its duties under this Agreement without the prior written consent of the other party,
which will not be unreasonably withheld, including in connection with a merger, consolidation, acquisition, Change of Control, asset sale or similar transaction; provided, however, that the foregoing shall not restrict either party from assigning
and delegating all of its rights and duties without the other party’s consent in connection with a merger, acquisition, Change of Control, consolidation, sale of substantially all of its assets or other reorganization, provided that the
assignee agrees in writing to be bound by the terms of this Agreement and assumes the outstanding obligations of the agreement. For purposes of this Agreement, a “Change of Control” with respect to a party means (a) the direct or
indirect acquisition, whether in one or a series of transactions, by any person or related person constituting a group, of (i) beneficial ownership of issued and outstanding shares of stock of such party, the result of which is that such person
or such group possesses in excess of fifty percent (50%) of the combined voting power of all then-issued and outstanding stock of such party, or (ii) the power to elect, appoint, or cause the election or appointment of at least a majority
of the members of the board of directors (or equivalent governing body) of such party; (b) a merger or consolidation of a party with a person, or a reorganization or recapitalization of a party, provided that the result of such transaction,
whether in one or a series of related transactions, is that the holders of the outstanding voting stock of such party immediately prior to such consummation do not possess in excess of fifty percent (50%) of the combined voting power of all of
the then-issued and outstanding stock of such party or surviving person of such party, whether directly or indirectly, immediately after the consummation of such transaction; or (c) the sale or disposition, whether directly or indirectly, in
one or a series of related transactions, of substantially all of the assets of a party. For purposes of the preceding sentence, the terms “person,” “group” and “beneficial ownership” shall have the meanings given
to such terms under the Securities Exchange Act of 1934, as amended.
 12.9 Captions. The captions herein have been inserted solely for
convenience of reference and in no way define or limit the scope or substance of any provision of this Agreement. 
  

 - 10 - 

 IN WITNESS WHEREOF, the parties have caused this Agreement to be executed and delivered by their duly
authorized officers, as of the date first above written. 
  

											
	SUPER VISION INTERNATIONAL INC.	 	 	  	COLOR KINETICS INCORPORATED	 	 
						
	By:	 	 /s/ Michael A. Bauer
	 		  	By:	 	 /s/ William J. Sims
	 	
						
	Its:	 	President and Chief Executive Officer	 		  	Its:	 	President and Chief Executive Officer	 	

  

 - 11 - 

 Schedule A 
 To 
 License Agreement 
 Color Kinetics Incorporated and Super Vision International Inc. 
  

			
	PATENT RIGHTS:	  	
	U.S. Utility Patents:	  	Canadian Patent:
	 6,016,038
	  	 CA 2,302,227

	 6,150,774
	  	
	 6,166,496
	  	
	 6,211,626
	  	
	 6,292,901
	  	Hong Kong Patent:
	 6,340,868
	  	 HK 1025416

	 6,459,919
	  	
	 6,528,954
	  	
	 6,548,967
	  	
	 6,577,080
	  	Australian Patent:
	 6,608,453
	  	 AU 757000

	 6,624,597
	  	 AU 2003203584

	 6,636,003
	  	
	 6,717,376
	  	
	 6,720,745
	  	
	 6,774,584
	  	
	 6,777,891
	  	European Patents:
	 6,781,329
	  	 EP 1 016 062 B1

	 6,788,011
	  	 EP 1 224 845 B1

	 6,801,003
	  	 EP 1 234 140 B1

	 6,806,659
	  	 DE 698 07 092 C0

	 6,869,204
	  	 DE 600 21 911 C0

	 6,883,929
	  	 DE 600 23 730 C0

	 6,888,322
	  	
	 6,897,624
	  	
	 6,936,978
	  	
	 6,965,205
	  	
	 6,967,448
	  	
	 6,969,954
	  	
	 6,975,079
	  	US Design Patents:
	 7,014,336
	  	 D463,610

	 7,031,920
	  	 D468,035

	 7,038,398
	  	 D518,218

	 7,038,399
	  	
	 7,042,172
	  	
	 7,064,498
	  	
	 7,113,541
	  	
	 7,132,635
	  	
	 7,132,785
	  	
	 7,132,804
	  	
	 7,135,824
	  	

  

 - 12 - 

 Schedule A 
 To 
 Settlement and License Agreement 
 Color Kinetics Incorporated and Super Vision International Inc. 
 TRADEMARKS: 
 LICENSED BY COLOR KINETICS 
 COLOR KINETICS

 The Color Kinetics Logo 
  

 - 13 - 

 Schedule B 
 To 
 Settlement and License Agreement 
 Color Kinetics Incorporated and Super Vision International Inc. 
 DIRECT COPY LICENSED PRODUCTS:

 SaVi Flood 
 SaVi Spot

 SaVi Tube 
 SaVi Accent

 NON-DIRECT COPY LICENSED PRODUCTS: 
 Savi Pool
and Spa Lights 
 Savi SHO 
 and
the IGP, IGS, AGS, EVPL, EV-213-WS and CL light Bar product lines 
  

 - 14 - 

 [XXXXX] = CERTAIN INFORMATION ON THIS PAGE HAS BEEN OMITTED AND FILED SEPARATELY WITH THE COMMISSION. CONFIDENTIAL
TREATMENT HAS BEEN REQUESTED WITH RESPECT TO THE OMITTED PORTIONS. 
 Schedule C 
 To 
 Settlement and License Agreement 
 Color Kinetics Incorporated and Super Vision International Inc. 
 ROYALTY RATES: 
 The royalty rates quoted below (“Royalty Rates”) are to be applied to the [XXXXX] from the sale of
Licensed Products by Super Vision to its sales channels as provided in Article 4.1. The [XXXXX] amounts represented herein are in United States dollars. 
 [XXXXX] Licensed Products: 
 For each sale of (i) [XXXXX], or (ii) [XXXXX], the Royalty Rate
shall be [XXXXX]. 
 For each sale of a [XXXXX], the Royalty Rate shall be [XXXXX]. 
 Other ([XXXXX]) Licensed Products: 
 For each sale of [XXXXX], the Royalty Rate shall be [XXXXX]. 
 For each sale of [XXXXX], the Royalty Rate shall be [XXXXX].

  

 - 15 - 

 Schedule D 
 To 
 Settlement and License Agreement 
 Color Kinetics Incorporated and Super Vision International Inc. 
 SENIOR PROMISSORY NOTE

  

			
	 $825,000
	  	Boston,
	 Massachusetts
	  	
		  	December 4, 2006

 FOR VALUE RECEIVED, Super Vision International Inc. (the “Maker”), promises to pay to
Color Kinetics Incorporated (the “Payee”), the principal sum of EIGHT HUNDRED TWENTY FIVE THOUSAND and 00/100 DOLLARS. 
 The
principal hereunder shall be payable in 12 equal monthly installments of $68,750 each, commencing January 25, 2007 and continuing thereafter until December 25, 2007. 
 All future indebtedness and other payment obligations of the Maker shall be subordinate to the indebtedness evidenced by this Senior Promissory Note. At
all times during which this Senior Promissory Note is outstanding, (i) the Maker shall not incur any future debt or other payment obligation that (a) is on par with or senior to the indebtedness evidenced by this Senior Promissory Note, or
(b) is secured by any or all of the assets of the Maker, and (ii) the Maker shall subordinate in writing, in form reasonably satisfactory to the Payee, any such future indebtedness or other payment obligations to the indebtedness evidenced
by this Senior Promissory Note. 
 Each of the following events shall constitute an “Event of Default” hereunder: (a) the
Maker shall fail to pay when due any amount owed under either the Settlement and License Agreement dated as of the date hereof (the “License Agreement”) or this Senior Promissory Note or otherwise fail to satisfy its obligations, or to
comply with or to perform any term, obligation, representation, covenant, or condition, under either the License Agreement or this Senior Promissory Note; or (b) the Maker shall (i) apply for or consent to the appointment of a receiver,
trustee or liquidator of it or substantially all its property, (ii) admit in writing its inability to pay its debts as they mature, (iii) make a general assignment or trust mortgage for the benefit of creditors or (iv) file a petition
seeking relief under any foreign, federal or state bankruptcy, reorganization, insolvency, readjustment of debt or other similar law or statute, or an answer or consent admitting the material allegations of a petition filed against it in any
proceeding under any such law; or (c) entry against the Maker of an order, judgment or decree by any court of competent jurisdiction, approving a petition seeking 

  

 - 16 - 

 
bankruptcy, reorganization, readjustment of debt or other similar action with respect to the Maker, or appointing a receiver, trustee or liquidator of the
Maker or of all or substantially all the assets of the Maker, or if any petition seeking such relief is filed against the Maker and is not stayed or dismissed within sixty (60) days after the date of such filing. 
 If an Event of Default under clause (a) of the preceding paragraph shall occur and be continuing, then the holder hereof may, by notice to the
Maker, declare the unpaid principal amount then outstanding under this Senior Promissory Note immediately due and payable, whereupon all such amounts shall become and be immediately due and payable, without presentment, demand, protest or further
notice of any kind, all of which are expressly waived by the Maker. If an Event of Default under clause (b) or (c) of the preceding paragraph shall occur and be continuing, the unpaid principal amount then outstanding under this Senior
Promissory Note shall automatically become and be immediately due and payable, without presentment, demand, protest or any notice of any kind, all of which are expressly waived by the Maker. 
 If suit is brought to collect this Senior Promissory Note, the holder shall be entitled to collect all reasonable costs and expenses of the suit,
including, but not limited to, reasonable attorneys’ fees. 
 The Maker shall not sell, assign, pledge, mortgage or otherwise dispose of
or transfer this Senior Promissory Note without the prior written consent of the holder hereof, including in connection with a merger, consolidation, acquisition, Change of Control (as such term is defined in the License Agreement), asset sale or
similar transaction. This note shall be binding upon the Maker and its permitted successor and assigns, and shall inure to the benefit of the Payee, and its successors, endorsees and assigns. 
 No delay by the holder hereof in exercising any right with respect to any of the obligations evidenced hereby shall operate as a waiver thereof, nor
shall the exercise of any right with respect to such obligations waive or preclude the later exercise of any other right with respect to such obligations or the later exercise of any right with respect to any other obligations evidenced hereby.

 No provision of this Senior Promissory Note may be amended or waived except by a writing executed by the Maker and the holder hereof.

  

 - 17 - 

 By executing this Senior Promissory Note, the Maker represents to the Payee that (i) the Maker has
the power to execute and deliver this Senior Promissory Note, (ii) this Senior Promissory Note constitutes the legal and binding obligation of the Maker, enforceable against the Maker in accordance with its terms, (iii) all necessary
consents, approvals and authorizations of all governmental authorities and other Persons (as such term is defined in the License Agreement) required to be obtained by such party in connection with this Senior Promissory Note the performance hereof
have been obtained, and (iv) the execution and delivery of this Senior Promissory Note and the performance of Maker’s obligations hereunder (a) do not conflict with or violate any requirement of applicable laws, and (b) do not
conflict with, or constitute a default under, any of its contractual or other obligations of it. 
 All rights, liabilities and obligations
hereunder, including matters of construction, validity, and performance, shall be governed by, and this Senior Promissory Note shall be construed and enforced in accordance with, the substantive laws of The Commonwealth of Massachusetts, without
regard to its principles of conflict of laws. Each party hereby consents to the personal jurisdiction of the Commonwealth of Massachusetts, acknowledges that venue is proper in any state or Federal court in the Commonwealth of Massachusetts, agrees
that any action arising out of or related to this Senior Promissory Note must be brought exclusively in a state or Federal court in the Commonwealth of Massachusetts, and waives any objection it has or may have in the future with respect to any of
the foregoing. This Senior Promissory Note is delivered in Boston, Massachusetts, and shall take effect as a sealed instrument. 
  

									
	 	 	 	 	 	 	 	 	  
 
					
	Attest:	 	 	 	 	 	 	 	  
					
	  
	 	 	 	 	 	 	 	 

  

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