Document:

THIRD AMENDMENT TO CREDIT AGREEMENT

 Exhibit 10.3 
  
 THIRD AMENDMENT 
 TO 
 CREDIT AGREEMENT (24-MONTH) 
  
 THIS THIRD AMENDMENT TO CREDIT AGREEMENT (24-MONTH) (this “Amendment”) is dated as of July 19, 2004, by and
between EPICOR SOFTWARE CORPORATION, a Delaware corporation, as Borrower, and KEYBANK NATIONAL ASSOCIATION, as Lender. 
  
 RECITALS 
  
 A. Lender and Borrower are parties to a Credit Agreement (24-Month) dated as of January 28, 2004, as amended by that certain First Amendment to Credit
Agreement (24-Month) and Note dated May 26, 2004, and that certain Second Amendment to Credit Agreement (24-Month) dated as of June 29, 2004 (collectively, the “Credit Agreement”). This Amendment supersedes and replaces the Second
Amendment referred to above. 
  
 B. Borrower has requested, and
Lender has agreed subject to satisfaction of the conditions set forth herein, to modify the Credit Agreement to amend the Minimum Fixed Charge Coverage Ratio for each fiscal quarter commencing with the quarter ending June 30, 2004 through the fiscal
quarter ending March 31, 2005. 
  
 C. Each capitalized term used
but not otherwise defined herein shall have the meaning ascribed thereto in the Credit Agreement. 
  
 NOW, THEREFORE, the parties hereto agree as follows: 
  
 ARTICLE 1 
  
 AMENDMENT TO CREDIT AGREEMENT 
  
 This Amendment shall be deemed to be an amendment to the Credit Agreement and shall not be construed in any way as a replacement or substitution therefor. All of the terms and conditions of, and terms defined in, this
Amendment are hereby incorporated by reference into the Credit Agreement as if such terms and provisions were set forth in full therein. 
  
 1.1 Subparagraph (d) of Section 7.12 (Financial Covenants) of the Credit Agreement is amended to allow the Minimum Fixed Charge Coverage Ratio, as
determined on the last day of each fiscal quarter commencing with the quarter ending June 30, 2004 through the fiscal quarter ending March 31, 2005, to be not less than 3.00 to 1.00. Thereafter, the Fixed Charge Coverage Ratio, determined as of the
last day of any fiscal quarter, shall be not less than 3.50 to 1.00. 
  
 1.2 Section 7.12 (d) of Schedule 2 to the Compliance Certificate attached as Exhibit “B” to the Credit Agreement is amended to allow the Total Fixed Charge Coverage Ratio at the end of each fiscal quarter commencing with the
quarter ending June 30, 2004 through the fiscal quarter ending March 31, 2005, to be not less than 3.00 to 1.00. Thereafter, the Total Fixed Coverage Ratio shall be not less than 3.50 to 1.00. 
  

 1 

 ARTICLE 2 
  
 CONDITIONS TO EFFECTIVENESS OF AMENDMENT 
  
 2.1 The effectiveness of this Amendment is subject to the fulfillment to the satisfaction of Lender, in its sole discretion, of the following conditions
precedent: 
  
 (a) Borrower shall have executed
and delivered to Lender this Amendment; 
  
 (b)
Lender shall have received appropriate authorization documents, including borrowing resolutions and certificates of incumbency, confirming to its satisfaction that all necessary corporate and organizational actions have been taken to authorize
Borrower to enter into this Amendment; and 
  
 (c) Lender shall have received such other documents, instruments or agreements as Lender may require to effectuate the intents and purposes of this Amendment. 
  
 ARTICLE 3 
  
 REPRESENTATIONS AND WARRANTIES 
  
 Borrower hereby represents and warrants to Lender that: 
  
 3.1 After giving effect to the amendment of the Credit Agreement pursuant to this Amendment and the consummation of the transactions contemplated hereby
(i) each of the representations and warranties set forth in Section 5 of the Credit Agreement is true and correct in all respects as if made on the date hereof (with references to the Credit Agreement being deemed to include this Amendment), and
(ii) there exists no Event of Default under the Credit Agreement after giving effect to this Amendment. 
  
 3.2 Borrower has full corporate power and authority to execute and deliver this Amendment, and to perform the obligations of its part to be performed
under the Credit Agreement as amended hereby. Borrower has taken all necessary action, corporate or otherwise, to authorize the execution and delivery of this Amendment. No consent or approval of any person, no consent or approval of any landlord or
mortgagee, no waiver of any lien or similar right and no consent, license, approval or authorization of any governmental authority or agency is or will be required in connection with the execution or delivery by Borrower of this Amendment or the
performance by Borrower of the Credit Agreement as amended hereby. 
  
 3.3 This Amendment and the Credit Agreement as amended hereby are, or upon delivery thereof to Lender will be, the legal, valid and binding obligations of Borrower, enforceable against Borrower in accordance with their respective terms,
except as such enforceability may be limited by bankruptcy, insolvency, reorganization or similar laws affecting creditors’ rights generally. 
  

 2 

 ARTICLE 4 
  
 MISCELLANEOUS 
  
 4.1 The Credit Agreement, the other Loan Documents and all agreements, instruments and documents executed and delivered in connection with any of the
foregoing shall each be deemed to be amended hereby to the extent necessary, if any, to give effect to the provisions of this Amendment. Except as so amended hereby, the Credit Agreement and the other Loan Documents shall remain in full force and
effect in accordance with their respective terms. 
  
 4.2 Borrower
agrees to pay Lender on demand for all reasonable expenses, including reasonable fees and costs of attorneys, incurred by Lender in connection with the preparation, negotiation and execution of this Amendment and any document required to be
furnished hereunder. 
  
 4.3 This Amendment may be executed in as
many counterparts as necessary or convenient, and by the different parties on separate counterparts each of which, when so executed, shall be deemed an original but all such counterparts shall constitute but one and the same agreement. 

 
 IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the
date set forth in the preamble hereto. 
  

			
	 EPICOR SOFTWARE CORPORATION,
 a Delaware corporation, as Borrower

		
	By:	 	/S/    MICHAEL A.
PIRAINO        
	 Name:
	 	Michael A. Piraino
	 Title
	 	Chief Financial Officer and Senior Vice President

  

			
	 KEYBANK NATIONAL ASSOCIATION,
 as Lender

		
	By:	 	/s/    ROBERT W. BOSWELL        
	 Name:
	 	Robert W. Boswell
	 Title
	 	Vice President

  

 3 

 OFFICER’S CERTIFICATE 
  
 Reference is made to that certain Third Amendment to Credit Agreement (24-Month) (as amended, the “Credit
Agreement”) dated as of July 19, 2004, amending that certain Credit Agreement, dated January 28, 2004, by and among EPICOR SOFTWARE CORPORATION, a Delaware corporation (the “Borrower”), and KEYBANK NATIONAL ASSOCIATION (the
“Lender”) (all capitalized terms used but not otherwise defined herein shall have the meanings ascribed thereto in the Credit Agreement). 
  
 The undersigned, as a Responsible Officer of the Borrower does hereby certify as follows: 
  
 1. The representations and warranties of the Borrower contained in the Credit Agreement are true and correct on and as of
the date hereof (except to the extent such representations and warranties specifically refer to an earlier date, in which case they are true and correct as of such earlier date); 
  
 2. Borrower is in compliance with all the terms and provisions of the Loan Documents to which it is a party, and no Default
or Event of Default has occurred and is continuing; and 
  
 3.
There has been no event or circumstance since the date of the Audited Financial Statements which has a Material Adverse Effect. 
  
 4. Borrower and its Subsidiaries on a consolidated basis held unrestricted cash (and cash equivalents) of $45,000,000 or more as of June 30, 2004.

  
 [Signature page follows] 
  
 Borrower’s Officer’s Certificate 
  

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 IN WITNESS WHEREOF, this Certificate is executed as of this 19th day of July, 2004. 
  

			
	EPICOR SOFTWARE CORPORATION
		
	By:	 	/S/    MICHAEL A.
PIRAINO        
	 Name:
	 	Michael A. Piraino
	 Title:
	 	Chief Financial Officer and Senior Vice-President

  
 Borrower’s Officer’s Certificate 
  

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 CERTIFICATE OF CORPORATE SECRETARY OF EPICOR SOFTWARE CORPORATION 
  
 The undersigned, being the duly elected, qualified and acting Secretary of
EPICOR SOFTWARE CORPORATION, a Delaware corporation (the “Company”) does hereby certify as of July 19th, 2004, pursuant to the Credit Agreement (24-Month), dated as of January 28, 2004 (as amended, the “Credit Agreement”) among the Company and KeyBank National Association (the “Lender”) (all
capitalized terms used but not otherwise defined herein shall have the meanings ascribed thereto in the Credit Agreement), that: 
  
 1. Attached hereto as Exhibit A is a true, correct and complete copy of the Company’s Second Restated Certificate of Incorporation, including
all amendments thereto, as certified by the Secretary of State of the State of Delaware and as in full force and effect as of the date hereof; 
  
 2. Attached hereto as Exhibit B is a true, correct and complete copy of the Company’s Amended and Restated Bylaws, including all amendments
thereto, as in full force and effect on the date hereof; 
  
 3.
Attached hereto as Exhibit C is a true and complete copy of the resolutions adopted by the Company’s Board of Directors relating to the authorization, execution, delivery and performance of the Second Amendment to the Credit Agreement
and the documents related thereto, and such resolutions have not been amended, annulled, rescinded or revoked and remain in full force and effect on the date hereof; and 
  
 4. Each of the persons listed on Annex A hereto has been duly elected or appointed to the office in the Company set
forth opposite his respective name and that the signature appearing opposite each name is his true and genuine signature. 
  
 [Signature page follows] 
  
 Borrower’s Certificate of Secretary 
  

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 IN WITNESS WHEREOF, this Certificate is executed as of this 19th day of July, 2004. 
  

			
		
	 	 	/S/    JOHN D.
IRELAND        
	 Name:
	 	John D. Ireland
	 Title:
	 	Secretary

  
 I, Michael A.
Piraino, the Chief Financial Officer and Senior Vice-President of the Company, do hereby certify that John D. Ireland is the Secretary of the Company, and the signature appearing opposite his name is his true and genuine signature. 
  
 IN WITNESS WHEREOF, I have executed this Certificate as of this
19th day of July, 2004. 
  

			
		
	 	 	/S/    MICHAEL A.
PIRAINO        
	 Name:
	 	Michael A. Piraino
	 Title:
	 	Chief Financial Officer and Senior Vice President

  
 Borrower’s Certificate of Secretary 
  

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 EXHIBIT A 
  
 SECOND RESTATED CERTIFICATE OF INCORPORATION 
  
 Borrower’s Certificate of Secretary 
  

 EXHIBIT B 
  
 AMENDED AND RESTATED BYLAWS 
  

Borrower’s Certificate of Secretary 
  

 EXHIBIT C 
  
 RESOLUTIONS 
  
 Borrower’s Certificate of Secretary 
  

 ANNEX A 
  

					
	 Name

	  	 Office

	 	 Signature

			
	 L. George Klaus
	  	Chief Executive Officer, President and Chairman	 	 /S/    L. GEORGE
KLAUS        

			
	 Michael A. Piraino
	  	Chief Financial Officer and Senior Vice-President	 	 /S/    MICHAEL A.
PIRAINO        

			
	 John D. Ireland
	  	Secretary	 	 /S/    JOHN D.
IRELAND        

  
 Borrower’s Certificate of SecretaryIndemnity Agreement dated March 15, 2004

 Exhibit 10.60 
  
 INDEMNITY AGREEMENT 
  
 This Indemnity Agreement, dated as of March 15, 2004, is made by and between InterDigital Communications Corporation, a Pennsylvania corporation (the
“Company”), and EDWARD B. KAMINS (the “Indemnitee”). 
  
 RECITALS 
  
 1. The Company is aware that competent and
experienced persons are increasingly reluctant to serve as directors, officers or agents of corporations unless they are protected by comprehensive liability insurance and indemnification, due to increased exposure to litigation costs and risks
resulting from their service to such corporations, and due to the fact that the exposure frequently bears no reasonable relationship to the compensation of such directors, officers and other agents. 
  
 2. The statutes and judicial decisions regarding the duties of directors and
officers are often difficult to apply, ambiguous, or conflicting, and therefore fail to provide such directors, officers and agents with adequate, reliable knowledge of legal risks to which they are exposed or information regarding the proper course
of action to take. 
  
 3. Plaintiffs often seek damages in such
large amounts and the costs of litigation may be so enormous (whether or not the case is meritorious), that the defense and/or settlement of such litigation is often beyond the personal resources of directors, officers and other agents. 

 
 4. The Company believes that it is unfair for its directors, officers and
agents and the directors, officers and agents of its subsidiaries to assume the risk of huge judgments and other expenses which may occur in cases in which the director, officer or agent received no personal profit and in cases where the director,
officer or agent was not culpable. 
  
 5. The Company recognizes
that the issues in controversy in litigation against a director, officer or agent of a corporation such as the Company or its subsidiaries are often related to the knowledge, motives and intent of such director, officer or agent, that he is usually
the only witness with knowledge of the essential facts and exculpating circumstances regarding such matters, and that the long period of time which usually elapses before the trial or other disposition of such litigation often extends beyond the
time that the director, officer or agent can reasonably recall such matters; and may extend beyond the normal time for retirement for such director, officer or agent with the result that he, after retirement or in the event of his death, his spouse,
heirs, executors or administrators, may be faced with limited ability and undue hardship in maintaining an adequate defense, which may discourage such a director, officer or agent from serving in that position. 
  
 6. Based upon their experience as business managers, the Board of Directors
of the Company (the “Board”) has concluded that, to retain and attract talented and experienced individuals to serve as directors, officers and agents of the Company and its subsidiaries and to encourage such individuals to make the
business decisions necessary for the success of the Company and its subsidiaries, it is necessary for the Company to contractually indemnify its directors, officers and agents and the directors, officers and agents of its subsidiaries, and to assume
for itself maximum liability for expenses and damages in connection with claims against such directors, officers and agents in connection with their service to the Company and its subsidiaries, and has further concluded that the failure to provide
such contractual indemnification could result in great harm to the Company and its subsidiaries and the Company’s shareholders. 
  

  

			
	 	 	 

 7. Section 1746 (“Section 1746”) of the Pennsylvania Business Corporation Law (the
“PABCL”), under which the Company is organized, permits the Company to indemnify its representatives (such as directors, officers, employees and agents) by agreement and to indemnify persons who serve, at the request of the Company, as the
representatives of other corporations or enterprises, and expressly provides that the indemnification provided by the PABCL is not exclusive. 
  
 8. The Company desires and has requested the Indemnitee to serve or continue to serve as a director, officer or agent of the Company and/or one or more
subsidiaries of the Company free from undue concern for claims for damages arising out of or related to such services to the Company and/or one or more subsidiaries of the Company. 
  
 9. Indemnitee is willing to serve, or to continue to serve, the Company and/or one or more subsidiaries of the Company,
provided that he is furnished the indemnity provided for herein. 
  
 AGREEMENT 
  
 NOW, THEREFORE, the parties hereto,
intending to be legally bound, hereby agree as follows: 
  
 1.
Definitions 
  
 a. For the purposes of this Agreement,
“agent” of the Company means any person who is or was a director, officer, employee or other representative of the Company or a subsidiary of the Company; or is or was serving at the request of, for the convenience of, or to represent the
interests of the Company or a subsidiary of the Company as a director, officer, employee or representative of another foreign or domestic corporation, partnership, joint venture, trust or other enterprise; or was a director, officer, employee or
representative of a foreign or domestic corporation which was a predecessor corporation of the Company or a subsidiary of the Company, or was a director, officer, employee or representative of another enterprise at the request of, for the
convenience of, or to represent the interests of such predecessor corporation. 
  
 b. For the purposes of this Agreement, “expenses” include all out-of-pocket costs of any type or nature whatsoever (including, without limitation, all attorneys’ fees and related disbursements, punitive
and other damages, judgments, fines, penalties, excise taxes assessed with respect to an employee benefit plan, and amounts paid or to be paid in settlement), actually and reasonably incurred by the Indemnitee in connection with either the
investigation, defense or appeal of a proceeding or establishing or enforcing a right to indemnification under this Agreement or PABCL or otherwise. 
  
 c. For the purposes of this Agreement, “proceeding” means any threatened, pending, or completed action, suit or other proceeding, whether
civil, criminal, arbitrational, administrative, or investigative. 
  

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 d. For the purposes of this Agreement, “subsidiary” means any corporation of which more than
10% of the outstanding voting securities is owned directly or indirectly by the Company, by the Company and one or more of its other subsidiaries, or by one or more of its other subsidiaries. 
  
 2. Agreement to Serve. The Indemnitee agrees to serve and/or continue
to serve as agent of the Company, at its will (or under separate agreement, if such agreement exists), in the capacity Indemnitee currently serves as an agent of the Company, so long as he is duly appointed or elected and qualified in accordance
with the applicable provisions of the Bylaws of the Company or any subsidiary of the Company or until such time as he tenders his resignation in writing; provided, however, that nothing contained in this Agreement is intended to create any right to
continued employment by Indemnitee. 
  
 3. Liability
Insurance 
  
 a. The Company hereby covenants and agrees
that, so long as the Indemnitee continues to serve as an agent of the Company and thereafter so long as the Indemnitee could be subject to any possible proceeding by reason of the fact that the Indemnitee was an agent of the Company, the Company,
subject to Section 3(c), shall promptly obtain and maintain in full force and effect directors’ and officers’ liability insurance (“D&O Insurance”) in reasonable amounts from established and reputable insurers. 
  
 b. In all policies of D&O Insurance, the Indemnitee shall be named as an
insured in such a manner as to provide the Indemnitee the same rights and benefits as are accorded to the most favorably insured of the Company’s directors, if the Indemnitee is a director; or of the Company’s officers, if the Indemnitee
is not a director of the Company but is an officer; or of the Company’s employees, if the Indemnitee is not a director or officer but is a employee. 
  
 c. Notwithstanding the foregoing, the Company shall have no obligation to obtain or maintain D&O Insurance if the Company determines in good faith
that such insurance is not reasonably available, the premium costs for such insurance are disproportionate to the amount of coverage provided, the coverage provided by such insurance is limited by exclusions so as to provide an insufficient benefit,
or the Indemnitee is covered by similar insurance maintained by a subsidiary of the Company. 
  
 4. Mandatory Indemnification. Subject to Section 8 below, the Company shall indemnify the Indemnitee as follows: 
  
 a. To the extent the Indemnitee has been successful on the merits or otherwise in defense of any proceeding (including, without limitation, an action by
or in the right of the Company) to which the Indemnitee was a party by reason of the fact that he is or was an agent of the Company, or by reason of anything done or not done by him in any such capacity, at any time in the past, present or future,
against all expenses relating to such proceeding; 
  
 b. If the
Indemnitee is a person who was or is a party or is threatened to be made a party to any proceeding (other than an action by or in the right of the Company) by reason of the fact that he is or was an agent of the Company, or by reason of anything
done or not done by him in any such capacity, at any time in the past, present or future, the Company shall indemnify the 
  

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 Indemnitee against any and all expenses and liabilities of any type whatsoever relating to such proceeding, provided the
Indemnitee acted in good faith and in a manner he reasonably believed to be in, or not opposed to, the best interests of the Company, and, with respect to any criminal action or proceeding, had no reasonable cause to believe his conduct was
unlawful; 
  
 c. If the Indemnitee is a person who was or is a
party or is threatened to be made a party to any proceeding by or in the right of the Company by reason of the fact that he is or was an agent of the Company, or by reason of anything done or not done by him in any such capacity, at any time in the
past, present or future, the Company shall indemnify the Indemnitee against all expenses and liabilities related to such proceeding, provided the Indemnitee acted in good faith and in a manner he reasonably believed to be in or not opposed to the
best interests of the Company; except that no indemnification under this subsection 4(c) shall be made in respect to any claim, issue or matter as to which such person shall have been finally adjudged to be liable to the Company by a court of
competent jurisdiction unless and only to the extent that the court in which such proceeding was brought shall determine upon application that, despite the adjudication of liability but in view of all the circumstances of the case, such person is
fairly and reasonably entitled to indemnity for such amounts which the court shall deem proper; and 
  
 d. If the Indemnitee is a person who was or is a party or is threatened to be made a party to any proceeding by reason of the fact that he is or was an
agent of the Company, or by reason of anything done or not done by him in any such capacity, at any time in the past, present or future, and if prior to, during the pendency or after completion of such proceeding Indemnitee becomes deceased, the
Company shall indemnify the Indemnitee’s heirs, executors and administrators against any and all expenses and liabilities of any type whatsoever actually and reasonably incurred to the extent Indemnitee would have been entitled to
indemnification pursuant to Sections 4(a), 4(b), or 4(c) above were Indemnitee still alive. 
  
 For purposes of this Section 4, the Indemnitee shall be deemed to have acted in good faith and in a manner he reasonably believed to be in or not opposed to the best interests of the Company so long as the act or
failure to act of said Indemnitee is not finally adjudged by a court or other body of competent jurisdiction to have constituted willful misconduct or recklessness. For purposes of the preceding sentence, a finding by a court or other body of
competent jurisdiction that an act or failure to act of the Indemnitee or some other agent of the Company constitutes “misconduct” or words of like import shall not, of itself, create a presumption that the Indemnitee has engaged in
willful misconduct or recklessness under this Agreement, the Company’s Articles of Incorporation, the Company’s bylaws or under the PABCL. 
  
 For purposes of this Section 4, the termination of any action, suit or proceeding by judgment, order, settlement, conviction, or upon a plea of nolo
contendere or its equivalent, shall not, of itself, create a presumption that the Indemnitee did not act in good faith and in a manner that he reasonably believed to be in or not opposed to the best interests of the Company, and, with respect to any
criminal action or proceeding, had reasonable cause to believe that his conduct was unlawful. 
  
 Notwithstanding the foregoing, the Company shall not be obligated to indemnify the Indemnitee for expenses or liabilities of any type whatsoever for which payment is actually made to or on behalf of Indemnitee and not
subsequently contested or returned under a valid and collectible insurance policy of D&O Insurance, or a valid and enforceable indemnity clause, bylaw or agreement. 
  

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 5. Partial Indemnification. If the Indemnitee is entitled under any provision of this Agreement to
indemnification by the Company for some or a portion of any expenses or liabilities of any type whatsoever incurred by him related to a proceeding, but not entitled, however, to indemnification for the total amount of such expenses and liabilities,
the Company shall nevertheless indemnify the Indemnitee for such total amount except as to the portion to which the Indemnitee is not entitled. 
  
 6. Mandatory Advancement of Expenses. Subject to Section 8(a) below, the Company shall advance all expenses incurred by the Indemnitee in
connection with the investigation, defense, settlement or appeal of any proceeding to which the Indemnitee is a party or is threatened to be made a party by reason of the fact that the Indemnitee is or was an agent of the Company, or by reason of
anything done or not done by him in any such capacity, at any time in the past, present or future. Indemnitee hereby undertakes to repay such amounts advanced only if, and to the extent that, it shall be determined ultimately that the Indemnitee is
not entitled to be indemnified by the Company as authorized hereby. The advances to be made hereunder shall be paid by the Company to the Indemnitee within twenty (20) days following delivery of a written request therefor by the Indemnitee to the
Company, accompanied by evidence in reasonable detail of the expenses that the Indemnitee has incurred. 
  
 7. Notice and Other Indemnification Procedures. 
  
 a. Promptly after receipt by the Indemnitee of notice of the commencement of or the threat of commencement of any proceeding, the Indemnitee shall, if
the Indemnitee believes that indemnification with respect thereto may be sought from the Company under this Agreement, notify the Company of the commencement or threat of commencement of any proceeding. 
  
 b. If, at the time of the receipt of a notice of the commencement of a
proceeding pursuant to Section 7(a) hereof, the Company has D&O insurance in effect, the Company shall give prompt notice of the commencement of such proceeding to the insurers in accordance with the procedures set forth in the respective
policies. The Company shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of the Indemnitee, all amounts payable as a result of such proceeding in accordance with the terms of such policies. 

 
 c. In the event the Company shall be obligated to pay the expenses of any
proceeding against the Indemnitee, the Company, if appropriate, shall be entitled to assume the defense of such proceeding, with counsel approved by the Indemnitee (such approval not to be unreasonably withheld), upon the delivery to the Indemnitee
of written notice of its election so to do. After delivery of such notice, approval of such counsel by the Indemnitee and the retention of such counsel by the Company, the Company will not be liable to the Indemnitee under this Agreement for any
fees of counsel subsequently incurred by the Indemnitee with respect to the same proceeding but the Indemnitee shall have the right to employ his own counsel in any such proceeding at the Indemnitee’s expense. If the Company has assumed the
defense of any proceeding and the Indemnitee reasonably concludes at any time thereafter that there might be a conflict of interest 
  

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 between the Company and the Indemnitee in the conduct of any such defense, or if the Company shall not, in fact, have
continuously employed counsel to assume the defense of such proceeding, then the Indemnitee shall have the right to retain his own counsel and the fees and expenses of Indemnitee’s counsel shall be at the expense of the Company. 
  
 8. Exceptions. Any other provision herein to the contrary
notwithstanding, the Company shall not be obligated pursuant to the terms of this Agreement: 
  
 a. To indemnify or advance expenses to the Indemnitee with respect to proceedings or claims initiated or brought voluntarily by the Indemnitee and not by way of defense, unless (i) such indemnification or advancement
is expressly required to be made by law, (ii) the proceeding was authorized by the Board, (iii) such indemnification or advancement is provided by the Company, in its sole discretion, pursuant to the powers vested in the Company under the PABCL or
(iv) the proceeding is brought to establish or enforce a right to indemnification or advancement under this Agreement or any other statute or law or otherwise as required under the PABCL; 
  
 b. To indemnify the Indemnitee for any liabilities or expenses incurred by the Indemnitee with respect to any proceeding
instituted by the Indemnitee to enforce or interpret this Agreement, if a court of competent jurisdiction determines that each of the material assertions made by the Indemnitee in such proceeding was not made in good faith or was frivolous;

  
 c. To indemnify the Indemnitee under this Agreement for any
amounts paid in settlement of a proceeding unless the Company consents to such settlement or the Company unreasonably withholds such consent; 
  
 d. To indemnify the Indemnitee under this Agreement for any expenses incurred on account of any act of failure to act of the Indemnitee which is finally
adjudged by a court or other body of competent jurisdiction to have constituted willful misconduct or recklessness. For purposes of the preceding sentence, a finding by a court or other body of competent jurisdiction that an act or failure to act of
the Indemnitee or some other agent of the Company constitutes “misconduct” or words of like import shall not, of itself, create a presumption that the Indemnitee has engaged in willful misconduct or recklessness under this Agreement, the
Company’s Articles of Incorporation, the Company’s bylaws or under the PABCL; 
  
 e. To indemnify the Indemnitee under this Agreement if a court of competent jurisdiction finally adjudges that such indemnification is illegal, including, without limitation, by virtue of such indemnification being in
violation of public policy or any provision of law. 
  
 9.
Non-Exclusivity. The provisions for indemnification and advancement of expenses set forth in this Agreement shall not be deemed exclusive of any other rights which the Indemnitee may have under any provision of law, the Company’s
Articles of Incorporation or Bylaws, the vote of the Company’s shareholders or disinterested directors, other agreements, or otherwise, both as to action in his official capacity and to action in another capacity while occupying his position as
an agent of the Company, and the Indemnitee’s rights hereunder shall continue after the Indemnitee has ceased acting as an agent of the Company and shall inure to the benefit of the heirs, executors and administrators of the Indemnitee.

  

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 10. Enforcement. Any right to indemnification or advancement of expenses granted by this Agreement
to Indemnitee shall be enforceable by or on behalf of Indemnitee in any court of competent jurisdiction if (i) the claim for indemnification or advancement of expenses is denied, in whole or in part, or (ii) no disposition of such claim is made
within ninety (90) days of request therefor. Indemnitee, in such enforcement action, if successful in whole or in part, shall be entitled to be paid also the expense of prosecuting his claim. It shall be a defense to any action for which a claim for
indemnification is made under this Agreement (other than an action brought to enforce a claim for expenses pursuant to Section 6 hereof, provided that the required undertaking has been tendered to the Company) that Indemnitee is not entitled to
indemnification because of the limitations set forth in Sections 4 and 8 hereof. Neither the failure of the Company (including its Board or its shareholders) to have made a determination prior to the commencement of such enforcement action that
indemnification of Indemnitee is proper in the circumstances, nor an actual determination by the Company (including its Board or its shareholders) that such indemnification is improper, shall be a defense to the action or create a presumption that
Indemnitee is not entitled to indemnification under this Agreement or otherwise. 
  
 11. Subrogation. In the event of payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of recovery of Indemnitee, who shall execute all documents
required and shall do all acts that may be necessary to secure such rights and to enable the Company effectively to bring suit to enforce such rights. 
  
 12. Survival of Rights. 
  
 a. All agreements and obligations of the Company contained herein shall continue during the period Indemnitee is an agent of the Company and shall
continue thereafter so long as Indemnitee could be subject to any possible proceeding by reason of the fact that Indemnitee was serving in the capacity referred to herein. 
  
 b. The Company shall require any successor to the Company (whether direct or indirect, by purchase, merger, consolidation
or otherwise) to all or substantially all of the business or assets of the Company, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession
had taken place. 
  
 13. Interpretation of Agreement. It is
understood that the parties hereto intend this Agreement to be interpreted and enforced so as to provide indemnification and advancement of expenses to the Indemnitee to the fullest extent permitted by law including those circumstances in which
indemnification and advancement of expenses would otherwise be discretionary. 
  
 14. Severability. If any provision or provisions of this Agreement shall be held to be invalid, illegal or unenforceable for any reason whatsoever, (i) the validity, legality and enforceability of the remaining
provisions of the Agreement (including without limitation, all portions of any paragraphs of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that are not themselves invalid, illegal or unenforceable) shall
not in any way be affected or impaired thereby, and (ii) to the fullest extent possible, the provisions of this Agreement (including, without limitation, all portions of any paragraph of this Agreement containing any such provision held to be
invalid, illegal or unenforceable, that are not themselves invalid, illegal or unenforceable) shall be construed so as to give effect to the intent manifested by the provision held invalid, illegal or unenforceable and to give effect to Section 13
hereof. 
  

 -7- 
  

 15. Modification and Waiver. No supplement, modification or amendment of this Agreement shall be
binding unless executed in writing by both of the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions hereof (whether or not similar) nor shall such waiver
constitute a continuing waiver. 
  
 16. Notice. All
notices, requests, demands and other communications under this Agreement shall be in writing and shall be deemed duly given (i) if delivered by hand and receipted for by the party addressee or (ii) if mailed by certified or registered mail with
postage prepaid, on the third business day after the mailing date. Addresses for notice to either party are as shown on the signature page of this Agreement, or as subsequently modified by written notice. 
  
 17. Governing Law. This Agreement shall be governed exclusively by and
construed according to the laws of the Commonwealth of Pennsylvania as applied to contracts entered into and to be performed entirely within Pennsylvania. 
  
 18. Counterparts. This Agreement may be executed in any number of counterparts (including by facsimile), all of which, taken together, shall
constitute one instrument. 
  
 19. Gender; Number. Words of
gender may be read as masculine, feminine or neuter, as required in context. Words of number may be read as singular or plural, as required by context.  
  

 -8- 
  

 Exhibit 10.60 
  
 The parties hereto have entered into this Indemnity Agreement effective as of the date first above written. 
  

			
	 INTERDIGITAL COMMUNICATIONS
CORPORATION

	
	 /s/ Lawrence F. Shay

	 Name:
	 	 Lawrence F. Shay

	 Title:
	 	 General Counsel

	
	 Address of Company:

	 781 Third Avenue,

	 King of Prussia, PA 19406

	
	 INDEMNITEE:

	
	 /s/ Edward B. Kamins

	 Name:
	 	 Edward B. Kamins

	 Title:
	 	 Director

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