Document:

Exhibit 10.3

 

ADMINISTRATIVE SERVICES AGREEMENT

 

dated
as of [●], 2022

 

between

 

Intel
Corporation

 

and

 

Mobileye
Global Inc.

 

     

     

    

 

TABLE OF CONTENTS

 

	 	 	Page
	 	 	 
	Article I
	DEFINITIONS
	 	 	 
	Section 1.01	Definitions	1
	Section 1.02	Internal References	5
	Section 1.03	Interpretation	5
	 	 	 
	Article II
	PURCHASE AND SALE OF SERVICES
	 	 	 
	Section 2.01	Purchase and Sale of Services	6
	Section 2.02	Additional Services	6
	 	 	 
	Article III
	SERVICE COSTS; OTHER CHARGES
	 	 	 
	Section 3.01	Service Costs	6
	Section 3.02	Payment	7
	Section 3.03	Financial Responsibility for Intel Personnel	7
	 	 	 
	Article IV
	STANDARD OF PERFORMANCE AND INDEMNIFICATION
	 	 	 
	Section 4.01	General Standard of Service	8
	Section 4.02	Services Management	8
	Section 4.03	Limitation of Liability	8
	Section 4.04	Indemnification	9
	 	 	 
	Article V
	TERM AND TERMINATION
	 	 	 
	Section 5.01	Term	9
	Section 5.02	Termination	10
	Section 5.03	Effect of Termination	10
	 	 	 
	Article VI
	Confidentiality
	 	 	 
	Section 6.01	CNDA	10
	 	 	 
	Article VII
	INTELLECTUAL PROPERTY
	 	 	 
	Section 7.01	Intellectual Property	11

 

    	 	i	 

     

    

 

	Article VIII
	MISCELLANEOUS
	 	 	 
	Section 8.01	Other Agreements	13
	Section 8.02	No Agency	13
	Section 8.03	Subcontractors	13
	Section 8.04	Force Majeure	13
	Section 8.05	Entire Agreement	14
	Section 8.06	Information	14
	Section 8.07	Notices	14
	Section 8.08	Dispute Resolution	15
	Section 8.09	Governing Law	16
	Section 8.10	Severability	16
	Section 8.11	No Third-Party Beneficiary	16
	Section 8.12	Amendment	16
	Section 8.13	Counterparts	17
	Section 8.14	Authority	17

 

    	 	ii	 

     

    

 

ADMINISTRATIVE SERVICES AGREEMENT

 

This
Administrative Services Agreement is dated as of [●], 2022 (the “Effective Date”) by and
between Mobileye Global Inc., a Delaware corporation (“Mobileye”), and Intel Corporation, a Delaware corporation (“Intel”).
Mobileye and Intel are sometimes referred to herein separately as a “Party” and together as the “Parties.”
Capitalized terms used herein and not otherwise defined shall have the meanings ascribed to them in Article I hereof.

 

RECITALS

 

WHEREAS, Intel is the beneficial owner of
all the issued and outstanding common stock of Mobileye;

 

WHEREAS,
the Parties currently contemplate that Mobileye will make an initial public offering (the “Offering”) of its
Class A common stock pursuant to a Registration Statement on Form S-1, filed on [●], 2022, as amended (the
 “Registration Statement”) under the Securities Act of 1933, as amended (the “Securities Act”);

 

WHEREAS, Intel directly or indirectly provides
certain administrative, legal, financial and other services to the Mobileye Entities (as defined below);

 

WHEREAS, following consummation of the Offering,
Mobileye desires Intel to continue to provide certain administrative, legal, tax, financial and other services to the Mobileye Entities,
as more fully set forth in this Agreement; and

 

WHEREAS, each Party desires to set forth in this
Agreement the principal terms and conditions pursuant to which the Intel Entities (as defined below) will provide certain services to
the Mobileye Entities.

 

NOW, THEREFORE, in consideration of the foregoing
and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereto, for themselves
and their respective successors and assigns, hereby covenant and agree as follows:

 

Article I

DEFINITIONS

 

Section 1.01     Definitions.
(a) As used in this Agreement, the following terms shall have the following meanings, applicable both to the singular and the plural
forms of the terms described:

 

“Affiliate”
means an entity that directly or indirectly Controls, or is directly or indirectly Controlled by, or is under common Control with, either
Intel or Mobileye, but only as long as such Control exists; provided that for purposes of this Agreement:

 

(a)          none
of the Mobileye Entities will be considered an Affiliate of any Intel Entities;

 

     

     

    

 

(b)          none
of the Intel Entities will be considered an Affiliate of any Mobileye Entities;

 

(c)          no
portfolio company of Intel Capital will be considered an Affiliate of Intel or any of Intel’s or the Intel Entities’ Affiliates;
and

 

(d)          none
of Intel or any of Intel’s or the Intel Entities’ Affiliates will be considered an Affiliate of such portfolio company or
any of such portfolio company’s Subsidiaries.

 

“Agreement”
means this Administrative Services Agreement, together with the schedules hereto, as the same may be amended and supplemented from time
to time in accordance with the provisions hereof.

 

“Background
Intellectual Property Rights” means all Intellectual Property Rights owned, controlled, obtained, or licensed by a Party at
any time prior to or after the term of this Agreement, or arising from development of Technology created independently of this
Agreement.

 

“Business
Day” means any day that is not a Saturday, a Sunday or other day on which commercial banks in Santa Clara, California,
are required or authorized by law to be closed.

 

“Contract”
means any contract, agreement, lease, license, sales order, purchase order, instrument or other commitment that is binding on any Person
or any part of such Person’s property under applicable law.

 

“Control” or “Controlled”
means directly or indirectly owning or having voting control over more than fifty percent (50%) of the outstanding securities entitled
to vote for the election of directors or similar managing authority of an entity, or otherwise having the power to vote, either directly
or indirectly, sufficient securities to elect a majority of the board of directors or similar governing body of an entity.

 

“Feedback”
means any ideas, suggestions or recommendations Mobileye Entities may provide to Intel Entities, however designated, marked or labeled,
in connection with any Services or Intel Materials.

 

“Intel
Employee” means an employee of an Intel Entity or Subcontractor listed on any Schedule that will be engaged in providing Services.

 

“Intel
Entities” means Intel and its Subsidiaries (other than the Mobileye Entities), and “Intel Entity” means any
one of the Intel Entities currently in place on the effective date of the Registration Statement and any entity which becomes a Subsidiary
of Intel after the date hereof.

 

“Intel
Materials” means all Materials Solely Authored by personnel of an Intel Entity before or during the performance of the
Services and delivered or made available to Mobileye Entities under this Agreement in connection with the provision and receipt of the
Services and copies of the foregoing.

 

“Intellectual
Property Rights” means all intellectual property rights, including all copyrights, copyright applications, copyright
registrations, or any analogous or related right arising under statutory or common law, anywhere in the world, including any rights from
laws implementing the European Database Directive 96/9/EC (“Copyrights”); all Marks; all trade secret rights or any
analogous right, arising under statutory or common law, anywhere in the world (“Trade Secret Rights”), and all patent
rights in classes and types of utility and design patents applied for and issued (including substitutions, continuations, continuations-in-part,
divisions, reissues, re-examinations, extensions, renewals and industrial design registrations) (“Patents”), anywhere
in the world.

 

    	 	2	 

     

    

 

“Intel
Residuals” means information in intangible form, including, without limitation, ideas, concepts, know-how, or techniques,
in the unaided memories of the Persons who have had access to Intel Materials.

 

“Inter-Company
Agreements” means this Agreement and each of the agreements set forth on Schedule II hereto.

 

“Joint
Materials” means Materials authored by personnel of both an Intel Entity and a Mobileye Entity, where the contributions
of each party are intentionally combined as part of a unitary work, during the performance or receipt of the Services under this Agreement,
and any copies of the foregoing.

 

“Liabilities”
means all debts, liabilities, guarantees, assurances, commitments and obligations, whether fixed, contingent or absolute, asserted or
unasserted, matured or unmatured, liquidated or unliquidated, accrued or not accrued, known or unknown, due or to become due, whenever
or however arising (including, without limitation, whether arising out of any Contract or tort based on negligence or strict liability)
and whether or not the same would be required by generally accepted principles and accounting policies to be reflected in financial statements
or disclosed in the notes thereto.

 

“Marks” means trademarks, service
marks, trade names, trade dress, logos, corporate names and other source or business identifiers, together with the goodwill associated
with any of the foregoing, and all applications, registrations, renewals and extensions of any of the foregoing.

 

“Master
Transaction Agreement” means the Master Transaction Agreement between the Parties of even date herewith.

 

“Materials”
means all records, reports, documents, papers, drawings, designs, graphics, typographical arrangements, software, and all other materials
in whatever form, including hard copy and electronic form.

 

“Mobileye
Entities” means Mobileye and its Subsidiaries and any entity which becomes a Subsidiary of Mobileye after the date hereof, and
 “Mobileye Entity” means any one of the Mobileye Entities.

 

“Mobileye
Liabilities” has the meaning set forth in the Master Transaction Agreement.

 

“Mobileye
Materials” means all Materials Solely Authored by personnel of a Mobileye Entity, before or during the receipt of the
Services under this Agreement and delivered or made available to Intel Entities under this Agreement in connection with the provision
and receipt of the Services, and any copies of the foregoing.

 

    	 	3	 

     

    

 

“Mobileye
Residuals” means information in intangible form, including, without limitation, ideas, concepts, know-how, or techniques,
in the unaided memories of the Persons who have had access to Mobileye Materials.

 

“Offering
Date” means the date on which the Offering is consummated.

 

“Person” means any individual,
corporation, partnership, limited liability company, association, trust or other entity or organization, including any governmental authority.

 

“Residuals”
means the Intel Residuals and the Mobileye Residuals.

 

“Schedules”
means any one or more of the schedules referred to in and attached to this Agreement.

 

“Services”
means the various administrative, financial, legal, tax and other services to be provided by Intel to or on behalf of the Mobileye Entities
as described on the Schedules and any Additional Services provided pursuant to this Agreement.

 

“Solely
Authored” means when only personnel of either an Intel Entity or a Mobileye Entity authors a work and it is not intentionally
combined with the work of the other party as part of a unitary work.

 

“Subsidiary”
means, as to any Person, a corporation, limited liability company, joint venture, partnership, trust, association or other entity in which
such Person: (1) beneficially owns, either directly or indirectly, more than fifty percent (50%) of (A) the total combined voting
power of all classes of voting securities of such entity, (B) the total combined equity interests, or (C) the capital or profits
interest, in the case of a partnership; or (2) otherwise has the power to vote, either directly or indirectly, sufficient securities
to elect a majority of the board of directors or similar governing body.

 

“Technology”
means all information (including ideas, plans, know-how, data, algorithms, models, discoveries, inventions, processes, and methods); tangible
embodiments (including hardware, devices, machinery, equipment, tools, apparatus, prototypes, samples, and compositions), and works of
authorship (including documents, specifications, reports, presentations, software, firmware, RTL code, libraries, databases, compilations,
designs, schematics, and photographs), in any format on any media.

 

“Technology
and Services Agreement” means the Technology and Services Agreement between the Parties of even date herewith.

 

    	 	4	 

     

    

 

(b)          Additional
Defined Terms. In addition to the defined terms set forth in Section 1.01(a), each of the following capitalized terms
has the meaning specified in the Section set forth opposite such term below:

 

	TERM	SECTION
	AAA	Section 8.08(b)
	AAA Rules	Section 8.08(b)
	Actions	Section 4.04(a)
	Additional Services	Section 2.02
	CNDA	Section 6.01
	Confidential Information	Section 6.01
	Effective Date	Preamble
	Force Majeure	Section 8.04(a)
	Initial Term	Section 5.01
	Intel	Preamble
	Intel Indemnified Person	Section 4.03(a)
	Mobileye	Preamble
	Offering	Recitals
	Parties	Preamble
	Party	Preamble
	Registration Statement	Recitals
	Renewal Term	Section 5.01
	Securities Act	Recitals
	Services Manager	Section 4.02
	Subcontractor	Section 8.03

 

Section 1.02     Internal
References. Unless the context indicates otherwise, references to Articles, Sections and paragraphs shall refer to the corresponding
articles, sections and paragraphs in this Agreement and references to the parties shall mean the Parties to this Agreement.

 

Section 1.03     Interpretation.
The headings contained in this Agreement, in any Exhibit or Schedule hereto and in the table of contents to this Agreement are for
reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. Any capitalized term used in
any Exhibit or Schedule but not otherwise defined therein, shall have the meaning assigned to such term in this Agreement. For the
purposes of this Agreement: (i) words in the singular shall be held to include the plural and vice versa, and words of one gender
shall be held to include the other gender as the context requires; (ii) references to the terms “Article,” “Section,”
 “Schedule” and paragraph are references to the Articles, Sections, Schedules and paragraphs to or of this Agreement unless
otherwise specified; (iii) the terms “hereof,” “herein,” “hereby,” “hereto,” and
derivative or similar words refer to this entire Agreement; (iv) references to “$” shall mean U.S. dollars; (v) the
word “including” and words of similar import when used in this Agreement shall mean “including without limitation,”
unless otherwise specified; (vi) the word “or” shall not be exclusive; (vii) the word “extent” in the
phrase “to the extent” shall mean the degree to which a subject or other thing extends, and such phrase shall not (unless
the context demands otherwise) mean simply “if”; (viii) references to “written” or “in writing”
include in electronic form; (ix) provisions shall apply, when appropriate, to successive events and transactions; (x) Mobileye
and Intel have each participated in the negotiation and drafting of this Agreement, and, if an ambiguity or question of interpretation
should arise, this Agreement shall be construed as if drafted jointly by the Parties hereto and no presumption or burden of proof shall
arise favoring or burdening any Party by virtue of the authorship of any of the provisions in this Agreement; (xi) a reference to
any Person includes such Person’s successors and permitted assigns; (xii) any reference to “days” means calendar
days unless Business Days are expressly specified; (xiii) when calculating the period of time before which, within which or following
which any act is to be done or step taken pursuant to this Agreement, the date that is the reference date in calculating such period shall
be excluded; (xiv) unless otherwise stated in this Agreement, references to any contract are to that contract as amended, modified
or supplemented from time to time in accordance with the terms thereof; (xv) the word “shall” shall have the same meaning
as the word “will”; (xvi) the word “any” shall mean “any and all”; and (xvii) the term “ordinary
course of business” (or any phrase of similar import) shall mean “ordinary course of business, consistent with past practice.”

 

    	 	5	 

     

    

 

Article II

PURCHASE AND SALE OF SERVICES

 

Section 2.01     Purchase
and Sale of Services.

 

(a)          Subject
to the terms and conditions of this Agreement and in consideration of the costs for Services described below, Intel agrees to provide
or cause to be provided to the Mobileye Entities, and Mobileye agrees to purchase from Intel, the Services, until such Services are terminated
in accordance with the provisions hereof; provided that, for the avoidance of doubt, Intel shall have no obligation to provide
any Services to the extent doing so would violate applicable law.

 

(b)          The
Parties acknowledge and agree that (i) the Services to be provided, or caused to be provided, by Intel under this Agreement shall,
at Mobileye’s request, be provided directly to Mobileye or Subsidiaries of Mobileye and (ii) Intel may satisfy its obligation
to provide or to procure the Services hereunder by causing one or more Intel Entities to provide or to procure such services. With respect
to the Services provided to, or procured on behalf of, any Subsidiary of Mobileye, Mobileye agrees to pay on behalf of such Subsidiary
all amounts payable by or in respect of such Services pursuant to this Agreement.

 

Section 2.02     Additional
Services. In addition to the Services to be provided or procured by Intel in accordance with Section 2.01 and set forth
on the Schedules, if requested by Mobileye, and to the extent that Intel and Mobileye may mutually agree in writing, Intel shall
provide additional services to Mobileye (“Additional Services”). The scope of any such services, as well as the costs
and other terms and conditions applicable to such services, shall be as mutually agreed by Intel and Mobileye prior to the provision of
such Additional Services, save that services for the creation, modification, or improvement of Technology shall not be performed under
this Agreement (and, to the extent mutually agreed, such services shall be provided under that certain Technology and Services Agreement
by and between the Parties).

 

Article III

SERVICE COSTS; OTHER CHARGES

 

Section 3.01     Service
Costs.

 

(a)          Each
Service (other than Additional Services) will be provided at the price set forth on the Schedules, as amended from time to time. In the
event of a material change in the level of service for any Service prior to the expiration of the term set forth on a Schedule, the Parties
will work together in good faith to recalculate the price for such Service and amend such Schedule, as appropriate.

 

    	 	6	 

     

    

 

(b)          No
later than 15 days prior to the end of the Initial Term or any Renewal Term, the Parties shall commence discussions to determine the appropriate
level of service for each Service to be provided pursuant to the Schedules in the subsequent Renewal Term based on a good faith review
of the Services and levels of service provided in the then-current term and a good faith estimate of the Mobileye Entities’ future
service requirements. The Parties shall use their reasonable best efforts to execute and deliver amended Schedules for the subsequent
Renewal Term prior to the expiration of the then-current term set forth on the Schedules.

 

(c)          Any
Additional Services provided by Intel to Mobileye shall be provided at rates mutually agreed to by the Parties in writing.

 

Section 3.02     Payment.

 

(a)          Charges
for Services shall be invoiced quarterly in arrears by Intel, within three (3) Business Days of the end of a quarter. The invoice
shall set forth in reasonable detail for the period covered by such invoice (i) the Services rendered, (ii) the aggregate amount
charged for each type of Service provided and (iii) such additional information as Mobileye may reasonably request at least ten (10) Business
Days prior to the end of a quarter. Each invoice shall be directed to the Chief Executive Officer or Chief Financial Officer of Mobileye
or such other individual designated in writing from time to time by the Mobileye Chief Executive Officer or Chief Financial Officer. Each
such invoice shall be payable within sixty (60) days after receipt by Mobileye; provided that if Mobileye, in good faith, disputes
any invoiced charge, payment of such charge may be made only after mutual resolution of such dispute. Mobileye agrees to notify Intel
promptly, and in no event later than sixty (60) days following receipt of Intel’s invoice, of any disputed charge. Unless otherwise
agreed in writing between the Parties, all payments made pursuant to this Agreement shall be made in U.S. dollars.

 

(b)          During
the term of this Agreement, Intel shall keep such books, records and accounts as are reasonably necessary to verify the calculation
of the fees and related expense for Services provided hereunder. Intel shall provide documentation supporting any amounts invoiced pursuant
to this Section 3.02 as Mobileye may from time to time reasonably request. Mobileye shall have the right to review such books,
records and accounts at any time upon reasonable notice, and Mobileye agrees to conduct any such review in a manner so as not to unreasonably
interfere with Intel’s normal business operations.

 

Section 3.03     Financial
Responsibility for Intel Personnel. Intel will pay for all personnel and other related expenses, including salary or wages, of its
employees performing the Services. No individual providing Services to a Mobileye Entity pursuant to the terms of this Agreement shall
be deemed to be, or shall have any rights as, an employee of any Mobileye Entity.

 

    	 	7	 

     

    

 

Article IV

STANDARD OF PERFORMANCE AND INDEMNIFICATION

 

Section 4.01     General
Standard of Service. Except as otherwise agreed to in writing by the Parties or as described in this Agreement, the Parties agree
that the nature, quality, degree of skill and standard of care applicable to the delivery of the Services hereunder, and the skill levels
of the Intel Employees providing such Services, shall be substantially consistent with those which Intel exercised or employed in providing
similar services to Mobileye during the twelve (12) months prior to the Effective Date. Until the later of (i) Intel ceasing to be
a “controlling person” as such term is used in the Securities Act and (ii) such date on which Intel ceases to provide
services under this Agreement, the Parties will take reasonable steps to assure that the employees providing services hereunder comply
with all policies and directives identified by the other as critical to legal and regulatory compliance that are applicable to such employees.

 

Section 4.02     Services
Management. Intel and Mobileye each agree to appoint one of their respective employees who will have overall responsibility for managing
and coordinating the delivery and receipt of Services, including making available the services of appropriately qualified employees and
resources to enable the provision of the Services (each, a “Services Manager”). The Services Managers will consult
and coordinate with each other regarding the provision of Services.

 

Section 4.03     Limitation
of Liability.

 

(a)          Mobileye
agrees that none of the Intel Entities and their respective directors, officers, agents, and employees (each of the Intel Entities and
their respective directors, officers, agents, and employees, an “Intel Indemnified Person”) shall have any liability,
whether direct or indirect, in contract or tort or otherwise, to any Mobileye Entity or any other Person under the control of such Mobileye
Entity for or in connection with the Services rendered or to be rendered by any Intel Indemnified Person pursuant to this Agreement, the
transactions contemplated hereby or any Intel Indemnified Person’s actions or inactions in connection with any Services or such
transactions, except for damages which have resulted from such Intel Indemnified Person’s breach of this Agreement, gross negligence,
bad faith or willful misconduct in connection with the foregoing.

 

(b)          Notwithstanding
the provisions of this Section 4.03, none of the Intel Entities shall be liable for any special, indirect, incidental, or
consequential damages of any kind whatsoever (including, without limitation, attorneys’ fees) in any way due to, resulting from
or arising in connection with any of the Services or the performance of or failure to perform Intel’s obligations under this Agreement.
This disclaimer applies without limitation (1) to claims arising from the provision of the Services or any failure or delay in connection
therewith; (2) to claims for lost profits; (3) regardless of the form of action, whether in contract, tort (including negligence),
strict liability, or otherwise; and (4) regardless of whether such damages are foreseeable or whether Intel has been advised of the
possibility of such damages.

 

(c)          None
of the Intel Entities shall have any liability to any Mobileye Entity or any other Person for failure to perform Intel’s obligations
under this Agreement or otherwise, where such failure to perform similarly affects the Intel Entities receiving the same or similar services
and does not have a disproportionately adverse effect on the Mobileye Entities, taken as a whole.

 

    	 	8	 

     

    

 

(d)          In
addition to the foregoing, Mobileye agrees that, in all circumstances, it shall use commercially reasonable efforts to mitigate and otherwise
minimize damages to the Mobileye Entities, individually and collectively, whether direct or indirect, due to, resulting from or arising
in connection with any failure by Intel to comply fully with Intel’s obligations under this Agreement.

 

Section 4.04     Indemnification.

 

(a)          Mobileye
agrees to indemnify and hold harmless each Intel Indemnified Person from and against any damages related to, and to reimburse each Intel
Indemnified Person for all reasonable expenses (including, without limitation, attorneys’ fees) as they are incurred in connection
with, pursuing or defending any claim, action or proceeding, (collectively, “Actions”), arising out of or in connection
with actions or inactions reasonably required to be performed, or directed by Mobileye to be performed, in connection with the Services
rendered or to be rendered by any Intel Indemnified Person pursuant to this Agreement, the transactions contemplated hereby or any Intel
Indemnified Person’s actions or inactions in connection with any such Services or transactions; provided that, Mobileye shall
not be responsible for any damages incurred by any Intel Indemnified Person that have resulted from such Intel Indemnified Person’s
breach of this Agreement, gross negligence, bad faith or willful misconduct in connection with any of the advice, actions, inactions,
or Services referred to in this Section 4.04(a).

 

(b)          Intel
agrees to indemnify and hold harmless each Mobileye director, officer, agent and employee from and against any damages related to, and
to reimburse each such individual for all reasonable expenses (including, without limitation, attorneys’ fees) as they are incurred
in connection with, pursuing or defending any Action arising out of or related to the breach of this Agreement, gross negligence, bad
faith or willful misconduct of any Intel Indemnified Person in connection with the Services rendered or to be rendered pursuant to this
Agreement; provided that, Intel shall not be responsible for any damages incurred by any Mobileye director, officer, agent
or employee that have resulted from any Mobileye Entity’s, or any Mobileye Entity’s director’s, officer’s, agent’s
or employee’s, breach of this Agreement, gross negligence, bad faith or willful misconduct in connection with the Services rendered
or to be rendered pursuant to this Agreement.

 

Article V

TERM AND TERMINATION

 

Section 5.01     Term.
Except as otherwise provided in this Article V or as otherwise agreed in writing by the Parties, (a) this Agreement shall
have an initial term of two (2) years from the Effective Date (the “Initial Term”), and will be renewed automatically
thereafter for successive three-month terms (each, a “Renewal Term”) unless either Party elects not to renew this Agreement
by notice in writing to the other Party not less than ninety (90) days prior to the end of the then-current term, and (b) Intel’s
obligation to provide or to procure, and Mobileye’s obligation to purchase, a Service shall, notwithstanding the term of this Agreement
and unless otherwise agreed in writing between the Parties, cease as of the earlier of (i) the applicable date set forth in the Schedules
or the applicable date set forth in any arrangement between the Parties pursuant to which Additional Services are provided (or if no such
date is set forth, as of the end of the Initial Term or, if applicable, the applicable Renewal Term) or (ii) such earlier date determined
in accordance with Section 5.02.

 

    	 	9	 

     

    

 

Section 5.02     Termination.

 

(a)          The
Parties may by mutual agreement from time to time terminate this Agreement with respect to one or more of the Services, in whole or in
part.

 

(b)          Mobileye
may terminate any Service at any time (i) upon at least thirty (30) days prior written notice of such termination by Mobileye to
Intel, effective as of such thirtieth (30th) day, and (ii) if Intel shall have failed to perform any of its material obligations
under this Agreement relating to such Service, Mobileye shall have notified Intel in writing of such failure, and such failure shall have
continued for a period of at least thirty (30) days after receipt by Intel of written notice of such failure from Mobileye, effective
as of such thirtieth (30th) day.

 

Section 5.03     Effect
of Termination.

 

(a)          Other
than as required by law, upon the effective date of the termination of any Service pursuant to Section 5.01 or 5.02, Intel
shall have no further obligation to provide the terminated Service and Mobileye shall have no obligation to pay any fees relating to such
terminated Services or to make any other payments hereunder with respect to such terminated Services; provided that, notwithstanding
such termination, (i) Mobileye shall remain liable to Intel for fees owed and payable in respect of Services provided prior to the
effective date of the termination; (ii) Intel shall continue to charge Mobileye for administrative and program costs relating to
benefits paid after but incurred prior to the termination of any Service, and Mobileye shall be obligated to pay such expenses in accordance
with the terms of this Agreement; provided that (A) Intel makes reasonable efforts to obtain available refunds of such costs
and (B) if Intel obtains a refund of any such costs already paid by Mobileye, Intel shall return such portion of the costs to
Mobileye; and (iii) the provisions of Articles IV, V, VI and VIII shall survive any such termination
indefinitely. Notwithstanding the earlier expiration or termination of this Agreement, the terms of this Agreement shall continue to govern
any Service until the termination of such Service in accordance with Section 5.01 or 5.02.

 

(b)          Following
termination of this Agreement with respect to any Service, the Parties agree to cooperate with each other in providing for an orderly
transition of such Service to Mobileye or to a successor service provider as designated by Mobileye.

 

Article VI

Confidentiality

 

Section 6.01     CNDA.
Confidential Information exchanged between the Parties shall be subject to the terms of the Corporate Non-Disclosure Agreement entered into between the Parties in connection with the Offering
(the “CNDA”) incorporated here by reference. “Confidential Information” shall have the meaning
defined in the CNDA; provided, however, that the licenses set forth in Article VII shall govern with respect to any
Intel Materials or Mobileye Materials.

 

    	 	10	 

     

    

 

Article VII

INTELLECTUAL PROPERTY

 

Section 7.01     Intellectual
Property.

 

		(a)	Ownership.

 

(i)          This
Agreement does not change the Parties’ ownership of their Background Intellectual Property Rights or any allocation of Intellectual
Property Rights under the Technology and Services Agreement.

 

(ii)         Subject
to Section 7.01(a)(i), all rights, title and interest in (a) Mobileye Materials shall be owned by Mobileye Entities or
their suppliers, and (b) Intel Materials shall be owned by Intel Entities or their suppliers. The Parties must not remove any copyright,
proprietary or other notices appearing on the Materials of the other Party.

 

(iii)        Subject
to Section 7.01(a)(i), the Parties will jointly own the Copyrights and Trade Secret Rights in Joint Materials, and each Party
hereby assigns to the other Party an equal, undivided ownership interest in the Copyrights and Trade Secret Rights in Joint Materials.
Each Party has the right, to use, modify, and reproduce, perform, display, disclose, and distribute, and to create derivative works of
and otherwise exploit in any manner Joint Materials and freely exercise, transfer, assign, license, encumber, and enforce all of its Copyright
and Trade Secret Rights in the Joint Materials without the consent, joinder, or participation of, or payment or accounting to, the other
Party; provided that where Joint Materials include information marked by a Party as confidential, such Joint Materials may not
be disclosed or distributed to any third party other than contractors or service providers under Section 8.03 without the
consent of the marking Party. Each Party hereby unconditionally and irrevocably waives any right it may have under applicable Law as a
joint owner of the Copyright and Trade Secret Rights in the Joint Materials to require such consent, joinder, participation, payment or
accounting.

 

(b)          Mobileye
License to Intel. Mobileye, on behalf of itself and the other Mobileye Entities, hereby grants to the Intel Entities a non-exclusive,
non-transferable, worldwide, sublicensable, royalty-free license, under Mobileye’s Copyrights and Trade Secret Rights in the Mobileye
Materials, to use, reproduce, modify, perform and display and disclose the Mobileye Materials delivered by Mobileye to Intel (provided
that the CNDA shall govern the disclosure of Confidential Information in Mobileye Materials to third parties other than contractors or
service providers under Section 8.03), only for the purposes of providing and completing the Services.

 

(c)          Feedback.
If Mobileye Entities provide Feedback to Intel Entities, the Intel Entities will be free under Mobileye’s Copyright and Trade Secret
Rights in the Feedback, to use, disclose, reproduce, license, or otherwise distribute or exploit the Feedback in their sole discretion
without any obligations or restrictions of any kind, including, without limitation, Intellectual Property Rights or licensing obligations.

 

    	 	11	 

     

    

 

(d)          Residuals.
Intel Entities are free to use, for any purpose, the Mobileye Residuals resulting from access to, or work with, Mobileye Materials. Mobileye
Entities are free to use, for any purpose, the Intel Residuals resulting from access to, or work with, Intel Materials. Residuals
may be retained by Persons who have had access to Confidential Information and (i) the Intel Entities do not have any obligation
to limit or restrict the assignment of these Persons, or to pay royalties for any work resulting from the use of Mobileye Residuals and
(ii) the Mobileye Entities do not have any obligation to limit or restrict the assignment of these Persons, or to pay royalties for
any work resulting from the use of Intel Residuals. This Section does not grant a license under either Party’s Copyrights or
Patents.

 

(e)          Intel
Licenses to Mobileye.

 

(i)          General
License. Subject to the terms and conditions of this Agreement, Intel, on behalf of itself and the other Intel Entities, hereby
grants the Mobileye Entities a non-exclusive, non-transferable, worldwide, royalty-free, perpetual license (without the right to sublicense,
but without limiting Section 8.03), under Intel Entities’ Copyrights and Trade Secret Rights in the Intel Materials
delivered by Intel to Mobileye for the purposes of the Services, to use, reproduce and perform and to disclose and display (provided
that the CNDA shall govern the disclosure of Intel Materials marked as Intel’s Confidential Information to third parties other than
contractors or service providers under Section 8.03) all Intel Materials solely in connection with the receipt of the Services,
excluding any software licensed pursuant to Section 7.01(e)(ii).

 

(ii)         Software
License. With respect to Intel Material that is software, the following section applies: Mobileye Entities’ use of any software
(including, without limitation, bug fixes, patches, or other software) provided by Intel Entities to Mobileye Entities in the course of
providing the Services is licensed to the Mobileye Entities on the terms accompanying the software, unless otherwise specified in the
applicable Schedule.

 

(f)           No
Other Rights. No rights are conveyed by either Party to the other Party under this Agreement in each Party’s respective Marks.
Neither party grants any implied licenses to the other under any legal theory. The only licenses granted in this Agreement are the express
licenses in this Section 7.01. This Agreement and the performance of the Services hereunder will not affect the ownership
of any assets or responsibility for any liabilities allocated in the Master Transaction Agreement or any of the other Transaction Agreements.
Neither Party will gain, by virtue of this Agreement or the Services provided hereunder, by implication or otherwise, any rights of ownership
of any property or Intellectual Property Rights owned by the other or their respective Subsidiaries.

 

    	 	12	 

     

    

 

Article VIII

MISCELLANEOUS

 

Section 8.01     Other
Agreements. In the event there is any inconsistency between the provisions of this Agreement and the respective provisions of any
of the other Inter-Company Agreements, the respective provisions of such other Inter-Company Agreement shall govern.

 

Section 8.02     No
Agency. Nothing in this Agreement shall constitute or be deemed to constitute a partnership or joint venture between the Parties hereto
or constitute or be deemed to constitute any Party the agent or employee of the other Party for any purpose whatsoever, and neither Party
shall have authority or power to bind the other Party or to contract in the name of, or create a liability against, the other Party in
any way or for any purpose.

 

Section 8.03     Subcontractors.
Intel may hire or engage one or more third-party subcontractors (each, a “Subcontractor”) to perform all or any of
its obligations under this Agreement; provided that, subject to Section 4.03, Intel shall pay for all fees due
each such Subcontractor and shall in all cases remain primarily responsible for all obligations undertaken by each such Subcontractor
on Intel’s behalf pursuant to the terms of this Agreement with respect to the scope, quality, degree of skill and nature of the
Services provided to Mobileye; and provided, further, that without the prior written consent of Mobileye, Intel may
only hire or engage Subcontractors to perform the Services set forth on the Schedules to the extent that any such Subcontractor is a natural
person performing similar services for Intel. Intel shall cause any Subcontractor performing Services under this Agreement to execute
a nondisclosure agreement in content at least as protective as the Corporate Non-Disclosure Agreement, between Intel and Mobileye Global
Inc. Without limiting the foregoing, each Party may hire or engage contractors or service providers in the exercise of the rights licensed
pursuant to Article VII; provided that any such contractor or service provider is bound by confidentiality undertakings
consistent with and no less protective of Confidential Information than the confidentiality undertakings under this Agreement (including,
as applicable, the CNDA); provided, further, that each Party is liable for the acts and omissions of its respective contractors
or service providers as if such acts or omissions were the acts or omissions of such Party.

 

Section 8.04     Force
Majeure.

 

(a)          For
purposes of this Section 8.04, “Force Majeure” means an event beyond the control of either Party, which
by its nature could not have been foreseen by such Party, or, if it could have been foreseen, was unavoidable, and includes without limitation,
acts of God, storms, floods, riots, fires, sabotage, civil commotion or civil unrest, interference by civil or military authorities, acts
of war (declared or undeclared) and failure of energy sources.

 

(b)          Continued
performance of a Service may be suspended immediately to the extent caused by Force Majeure. The Party claiming suspension of a Service
due to Force Majeure will give prompt notice to the other of the occurrence of the event giving rise to the suspension and of its nature
and anticipated duration. The Parties shall cooperate with each other to find alternative means and methods for the provision of the suspended
Service.

 

    	 	13	 

     

    

 

(c)          Without
limiting the generality of Section 4.03, neither Party shall be under any liability for failure to fulfill any obligation
under this Agreement, so long as and to the extent to which the fulfillment of such obligation is prevented, frustrated, hindered, or
delayed as a consequence of circumstances of Force Majeure.

 

Section 8.05     Entire
Agreement. This Agreement (including the Schedules constituting a part of this Agreement) and any other writing signed by the Parties
that specifically references or is specifically related to this Agreement constitute the entire agreement between the Parties with respect
to the subject matter hereof and supersede all prior or contemporaneous agreements, understandings and negotiations, both written and
oral, between the Parties with respect to the subject matter hereof.

 

Section 8.06     Information.
Subject to applicable law and privileges, each Party hereto covenants with and agrees to provide to the other Party all information regarding
itself and transactions under this Agreement that the other Party reasonably believes is required to comply with all applicable federal,
state, county and local laws, ordinances, regulations and codes, including, but not limited to, securities laws and regulations.

 

Section 8.07     Notices.
All notices and other communications hereunder shall be in writing and shall be deemed duly given (a) on the date of delivery if
delivered personally, (b) if sent designated for overnight delivery by nationally recognized overnight air courier (such as DHL or
Federal Express), upon receipt of proof of delivery on a Business Day before 5:00 p.m. in the time zone of the receiving party, otherwise
upon the following Business Day after receipt of proof of delivery, or (c) at the time sent (if sent before 5:00 p.m., addressee’s
local time and on the next Business Day if sent after 5:00 p.m., addressee’s local time), if sent by email of a .pdf, .tif,
..gif, .jpg or similar attachment. All notices and other communications must also be sent by email, with the subject line “Mobileye
Administrative Services Agreement Notice.” All notices and other communications hereunder shall be delivered to the addresses
set forth below:

 

		(a)	If
to Intel, to:

 

Intel Corporation

2200
Mission College Boulevard

Santa Clara, California 95054

		Attention:	General Counsel

		Email:	****

 

    	 	14	 

     

    

 

		(b)	If to Mobileye, to:

 

Mobileye
Global Inc.

c/o Mobileye B.V.

Har Hotzvim, 13 Hartom Street

P.O. Box 45157 Jerusalem 9777513, Israel

		Attention:	General Counsel

		Email:	****

 

or to such other address as the Person to whom notice is given may
have previously furnished to the others in writing in the manner set forth above.

 

Section 8.08     Dispute
Resolution.

 

(a)          Pre-Arbitration
Resolution. Except as provided in Section 8.08(c)(ii), any dispute arising out of or relating to this Agreement will be
resolved as follows: a Party will send notice of the dispute, including a detailed description of the dispute and relevant supporting
documents. Senior management for each Party will then try to resolve the dispute. If the Parties do not resolve the dispute within 30
calendar days after the dispute notice, either Party may send notice of a demand for mediation. The Parties will then try to resolve the
dispute with a mediator.

 

(b)          Arbitration.
If the Parties do not resolve the dispute within 60 calendar days after the mediation demand, either Party may send notice of the specific
issues to be arbitrated and initiate arbitration by filing a Demand for Arbitration with the American Arbitration Association (“AAA”).
Except as provided in Section 8.08(c)(ii), a Party may not seek relief in court. The Commercial Arbitration Rules of
the AAA in effect on the date a Party files a Demand for Arbitration (the “AAA Rules”) will apply, except as follows:

 

(i)          Seat
and Law. Wilmington, Delaware, will be the seat of arbitration and the location of the proceedings, which will be conducted in English.
Wilmington, Delaware, and United States law will be the law of the arbitration agreement (i.e., Section 8.08 (Dispute Resolution)).

 

(ii)         Limitations
on Relief. Notwithstanding R-47 (Scope of Award), the arbitrator may not award (A) any remedy that prohibits a party or its customers
from manufacturing, using, selling, or importing that party’s products, (B) any non-monetary relief for misappropriation of
trade secrets or breach of confidentiality obligations, or (C) any remedy that requires a party to license any intellectual property
rights. Neither the arbitrator nor an emergency arbitrator (as described in R-38 of the AAA Rules) may order conservatory, interim, or
emergency measures. R-37 (Interim Measures) and R-38 (Emergency Measures of Protection) will not apply.

 

(iii)        Service.
R-43 (Service of Notice and Communications) will not apply with regard to service of a Demand for Arbitration, which must be served in
the same manner as is required to serve a summons and complaint under the Federal Rules of Civil Procedure.

 

    	 	15	 

     

    

 

(c)          Claims
Not Subject to Arbitration. The following Disputes will not be subject to arbitration under Section 8.08(b):

 

(i)          The
state and federal courts sitting in Wilmington, Delaware, will have exclusive jurisdiction over claims seeking to: (A) prohibit a
party or its customers from manufacturing, using, selling, or importing that party’s products; and (B) require a party to license
any intellectual property rights. The parties consent to personal jurisdiction and venue in those courts.

 

(ii)         Claims
for misappropriation of trade secrets and breach of confidentiality obligations seeking injunctive or other non-monetary relief will not
be subject to arbitration (as set forth in Section 8.08(a)) or escalation (as set forth in Section 8.08(b)) and
may be brought in any court that has jurisdiction over the Parties.

 

(d)          Suspension.
During the pendency of the dispute resolution processes described in Sections 8.08(a) through (c), Intel
will be entitled to suspend performance under this Agreement if and only if Mobileye fails to make timely payment of all amounts due for
Services delivered hereunder; provided that Intel will not be permitted to suspend its performance if such failure is cured within
thirty (30) days after Mobileye is notified of such failure to pay and a failure to pay (even if cured) does not occur more than three
(3) times during any one (1)-year period of the term of this Agreement.

 

Section 8.09     Governing
Law. Delaware and United States law governs this Agreement and any dispute arising out of or relating to it without regard to conflict
of laws principles. The Parties exclude the application of the United Nations Convention on Contracts for the International Sale of Goods
(1980).

 

Section 8.10     Severability.
If any terms or other provision of this Agreement or the Schedules hereto shall be determined by a court, administrative agency or arbitrator
to be invalid, illegal or unenforceable, such invalidity or unenforceability shall not render the entire Agreement invalid. Rather, this
Agreement shall be construed as if not containing the particular invalid, illegal or unenforceable provision, and all other provisions
of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated
hereby is not affected in any manner materially adverse to either Party. Upon such determination that any term or other provision is invalid,
illegal or unenforceable, the Parties shall negotiate in good faith to modify this Agreement so as to effect the original intent of the
Parties as closely as possible in an acceptable manner to the end that the transactions contemplated hereby are fulfilled to the fullest
extent permitted under applicable law.

 

Section 8.11     No
Third-Party Beneficiary. Except as expressly set forth herein with respect to Affiliates of the Parties or with respect to Section 4.04,
none of the provisions of this Agreement shall be for the benefit of or enforceable by any third party, including any creditor of any
Person and no such third party shall obtain any right under any provision of this Agreement or shall by reasons of any such provision
make any claim in respect of any Liability (or otherwise) against either Party hereto.

 

Section 8.12     Amendment.
This Agreement may only be amended by a written agreement executed by both Parties hereto.

 

    	 	16	 

     

    

 

Section 8.13     Counterparts.
This Agreement may be executed in one or more counterparts, and by any of the Parties in separate counterparts, each of which when executed
shall be deemed to be an original but all of which taken together shall constitute one and the same agreement. Delivery of an executed
counterpart of a signature page to this Agreement by facsimile or by .pdf, .tif, .gif or similar attachment to electronic mail shall
be as effective as delivery of a manually executed counterpart of this Agreement.

 

Section 8.14     Authority.
Each of the Parties represent to the other Party that (a) it has the corporate or other requisite power and authority to execute,
deliver and perform this Agreement, (b) the execution, delivery and performance of this Agreement by it have been duly authorized
by all necessary corporate or other actions, (c) it has duly and validly executed and delivered this Agreement, and (d) this
Agreement is its legal, valid and binding obligation, enforceable against it in accordance with its terms, subject to applicable bankruptcy,
insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally and general equity principles.

 

[Signature Page Follows]

 

    	 	17	 

     

    

 

IN
WITNESS WHEREOF, the Parties have caused this Agreement to be signed by their duly authorized representatives.

 

	 	INTEL CORPORATION
	 	 
	 	 
	 	By:	                                          
	 	Name: 	 
	 	Title:	 
	 	 
	 	 
	 	Mobileye GLOBAL Inc.
	 	 
	 	 
	 	By:	                              
	 	Name: 	 
	 	Title:	 

 

[Administrative Services Agreement Signature
Page]Exhibit 10.5

 

TECHNOLOGY AND SERVICES AGREEMENT

 

This Technology and Services Agreement (the “Agreement”)
is entered into as of the date of the last signature to it and is effective as of [●]
(“Effective Date”) between Intel Corporation, a company established and existing under the laws of Delaware and the
United States (“Intel”), and Mobileye Vision Technologies Ltd., a company established and existing under the laws of
the State of Israel (“Mobileye”). Intel and Mobileye are each referred to in this Agreement as a “party”
and, collectively, the “parties.”

 

BACKGROUND

 

The parties contemplate that Mobileye Global Inc., the indirect parent
of Mobileye, will make an initial public offering of its Class A common stock pursuant to a Registration Statement on Form S-1 under the
Securities Act of 1933, as amended.

 

After this initial public offering, the parties will continue to collaborate
on technical development projects under the terms of this Agreement. Intel will also provide additional services to Mobileye and its Affiliates,
including for payment.

 

This Agreement provides a framework for, and describes how the parties
will allocate ownership of new technology resulting from, these technical development projects and services. It will replace the Mobileye
and Intel Development and Reimbursement Agreement dated 3 December 2018 (“DRA”) which will be terminated by separate
agreement executed on or around the date of execution of this Agreement. Projects for development and manufacturing relating to LiDAR
will be done by the parties solely under the LiDAR Product Collaboration Agreement, executed on or around the date of execution of this
Agreement (“LiDAR Product Collaboration Agreement”).

 

Mobileye and its Affiliates also have hired certain former Intel radar
engineers. Intel is licensing intellectual property rights to certain radar technology, including the rights to certain technology created
by those engineers, to Mobileye to allow Mobileye to work on Mobileye Sensor Products as detailed herein.

 

ATTACHMENTS

 

The following attachments are incorporated into this Agreement.

 

	Schedule 1	Definitions

 

	Exhibit A	SOW Template

 

	Exhibit B	Invention Tracking Document Information

 

	Exhibit C	Intel Lidar and Radar Technology

 

	Exhibit D	Intel Fundamental Technology Areas

 

	Exhibit E	Lidar and Radar Patents

 

	Exhibit F	Patent Litigation Defense Assistance

 

	Exhibit G	Radar Patents

 

	Exhibit H	BSR Specification

 

    1

     

    

 

AGREEMENT

 

The parties agree as follows:

 

		1.	Definitions. Capitalized terms used in this Agreement not otherwise defined above or in Sections 2 to 18 below, are defined
in Schedule 1.

 

		2.	Collaborative Work and Services.

 

		2.1.	Collaborative work. The parties will describe the collaborative projects in one or more mutually agreed statements of work,
which must be signed by the authorized representatives of each party, and substantially in the form of Exhibit A.

 

		2.2.	Services. The SOW will also include the Services and Deliverables to be provided by each party. Intel also may license software
or loan hardware related to the Services to Mobileye and its Affiliates under separate written agreements.

 

		2.3.	Performance Standards. Each party will use Reasonable Efforts to perform the work and complete their obligations under all
SOWs according to prescribed milestones or other time schedules in each SOW.

 

		2.4.	Third-Party Licenses for Services. If a party is required to license third-party technology to perform its Services, it will
use Reasonable Efforts to obtain such third-party licenses. The party receiving those Services will reimburse the licensing party for
any costs and expenses for those third-party licenses that are agreed between the parties. A party is not required to perform Services
to the extent that it is unable to acquire any necessary third-party licenses using Reasonable Efforts or if reimbursement of the costs
and expenses for the necessary third party license has not been agreed by the parties.

 

		2.5.	Third Party Licenses.

 

		2.5.1.	Mobileye acknowledges Intel is not providing Mobileye with a right to use or a license to third-party Technology under this Agreement,
unless specified in an SOW, and that it is Mobileye’s responsibility to obtain appropriate licenses or agreements from third parties
directly for its use.

 

		2.5.2.	Notwithstanding Section 2.5.1 and Section 2.4, Intel may from time to time have in place agreements with third party licensors that
allow its Subsidiaries to use the licensed Technology at no additional cost to Intel, and Intel may make such third-party licensed Technology
available to Mobileye (so long as Mobileye is an Intel Subsidiary) for the purposes of this Agreement.

 

		2.6.	Third Party License Compliance. If Intel provides third-party licensed Technology, Mobileye will comply with the third-party
license requirements. Mobileye will execute separate agreements as necessary to comply with such third-party licenses.

 

		2.7.	Facility Access. Each party will grant, and cause its Affiliates to grant, (in each case, in its sole discretion), the other
party reasonable access to their facilities that are reasonably necessary for the performance of the other party’s obligations under
this Agreement.

 

    2

     

    

 

		2.8.	Personnel. Each party has sole discretion in hiring and assigning its Personnel. Prior to performing any work in connection
with this Agreement, all Personnel must sign a confidentiality agreement at least as restrictive as the CNDA. Each party is responsible
for:

 

		2.8.1.	the acts and omissions of its Personnel while performing work in connection with this Agreement, including any unauthorized use or
disclosure of Confidential Information;

 

		2.8.2.	compensating its Personnel;

 

		2.8.3.	supervising the performance of its Personnel; and

 

		2.8.4.	ensuring that its Personnel abide by all facility policies and procedures of the other party.

 

		2.9.	Subcontractors.

 

		2.9.1.	Each party may permit its subcontractors (including OEMs) and agents (provided they are bound by equivalent confidentiality undertakings)
to:

 

		(a)	do work on its behalf under this Agreement; and

 

		(b)	exercise, on its behalf, its rights under any license granted under this Agreement.

 

		2.9.2.	Each party will remain responsible for all acts and omissions of its subcontractors and agents as if they were its own.

 

		2.10.	Intel Aligned Employees.

 

		2.10.1.	The Intel Aligned Employees may perform work for Mobileye under an SOW, and the costs of the Intel Aligned Employees will be paid
for in accordance with the provisions agreed in an SOW.

 

		2.10.2.	For the purposes of allocation of new Project IPR under Section 5 of this Agreement, Intel Aligned Employee-Created Technology (as
defined in this Section 2.10) will be deemed to have been Created by Mobileye. For all other purposes (such as, work not done under an
SOW, continued employment, compensation, and benefits, etc.), Intel Aligned Employees are Intel Personnel.

 

		2.10.3.	To effectuate the allocation of Project IPR as set forth in this Section 2.10, Intel, on behalf of itself and its Intel Aligned Employees
hereby assigns and agrees to assign to Mobileye the Intel Aligned Employee IPR to the Intel Aligned Employee-Created Technology, without
any duty of accounting, and without any duty to obtain Intel’s consent or to pay any royalties to Intel to exploit, license, or
enforce such rights. Final ownership of Project IPR to Project Technology created by Intel Aligned Employees will be allocated under Section
5. In this Section 2.10, “Intel Aligned Employee IPR” means the Project IPR that Intel owns solely by virtue of its
employment agreements with the Intel Aligned Employees, and “Intel Aligned Employee-Created Technology” means Project
Technology (other than Intel Radar Technology) created by the Intel Aligned Employees to Mobileye while assigned to work for Mobileye.

 

    3

     

    

 

		3.	Payment Terms.

 

		3.1.	Invoicing. Intel may invoice Mobileye for the Fees and other costs payable under this Agreement on or at any time after the
date Intel begins provision of the Services.

 

		3.2.	Payment. Unless otherwise set out in an SOW, all amounts invoiced by Intel are due paid at Intel’s bank within 30 days
from the date of invoice, without any offset, counterclaim, holdback, or deduction.

 

		4.	Ownership of Background IPR and Property.

 

		4.1.	Background IPR and DRA. Other than as effected by Section 9.3, nothing in this Agreement:

 

		4.1.1.	assigns or transfers any ownership interest in a party’s Background IPR; or

 

		4.1.2.	affects any rights that accrued to a party under the DRA prior to its termination.

 

		4.2.	Physical property. Nothing in this Agreement transfers a party’s ownership of any physical property that it discloses
or provides to the other party under this Agreement.

 

5.     Project Technology IPR Allocation.

 

		5.1.	Intel Core Technology. Intel solely owns all Project IPR to Intel Core Technology.

 

		5.1.1.	Assignment. Mobileye, on behalf of itself, its Affiliates, and its Personnel, hereby assigns and agrees to assign to Intel
all its and their right, title, and interest to Project IPR to Intel Core Technology without any duty of accounting, and without any duty
to obtain the consent of or to pay any royalties to Mobileye or its Affiliates to exploit, license, or enforce such rights. This assignment
does not include any Mobileye Background IPR. Section 5.3 provides specific circumstances pursuant to which Intel will re-assign to Mobileye
certain Project IPR that Mobileye initially assigns to Intel under this Section 5.1.1.

 

		5.1.2.	License to Non-Assignable IPR. If Mobileye, its Affiliates, or its Personnel own Project IPR to Intel Core Technology that
cannot be assigned for any reason to Intel, Mobileye, on behalf of itself, its Affiliates, and its Personnel, hereby grant to Intel and
its Affiliates, a world-wide, perpetual, irrevocable, non-terminable, royalty-free, fully paid-up, exclusive (including as to Mobileye),
sublicensable, transferable license under its and their unassigned Project IPR to Intel Core Technology to use, disclose, modify, distribute,
perform, display, make, have made, license, offer to sell, sell, import, and otherwise dispose of Intel Core Technology.

 

	 	5.2.	General Project Technology.

 

		5.2.1.	Mobileye Solely-Created General Project Technology. Mobileye solely owns all Project IPR to General Project Technology that
is Solely-Created by its Personnel.

 

    4

     

    

 

		5.2.2.	Intel Solely-Created General Project Technology. Intel solely owns all Project IPR to General Project Technology that is Solely-Created
by its Personnel. Section 5.3 provides specific circumstances pursuant to which Intel will re-assign to Mobileye certain Project IPR that
Mobileye initially assigns to Intel under this Section 5.2.2.

 

		5.2.3.	Ownership of General Project Technology Patent Rights. The parties will meet as necessary to allocate ownership of Patent Rights
to Jointly-Conceived Project Inventions that are General Project Technology by the following selection process. Upon submission of an
Invention disclosure for a Jointly-Conceived Project Invention that is General Project Technology, the parties will determine which party
will select the first Jointly-Conceived Project Invention. The parties will alternate turns to select subsequent Jointly-Conceived Project
Inventions that are General Project Technology until all are selected, such selections to be completed by no later than 6 months after
the end of the Term.

 

		5.2.4.	Assignment. The Non-Selecting Party, on behalf of itself, its Affiliates and its Personnel, hereby assigns and agrees to assign
to the Selecting Party all its and their right, title, and interest in the Project Patent Rights in the Project Invention selected by
the Selecting Party under Section 5.2.3, without any duty of accounting, and without any duty to obtain the Non-Selecting Party’s
consent or to pay any royalties to the Non-Selecting Party to exploit, license, or enforce such rights. The Selecting Party will exclusively
own all Project Patent Rights in the Project Invention selected under Section 5.2.3.

 

		5.2.5.	Ownership of Other General Project IPR. The parties will jointly own the Copyrights and Trade Secret Rights in General Project
Technology that is not Solely-Created. Each party hereby assigns (on behalf of itself and its Affiliates and Personnel) to the other party
an equal, undivided ownership interest in the Copyrights and Trade Secret Rights in works that are General Project Technology that are
not Solely-Created.

 

		5.2.6.	Rights Regarding General Project Technology Not Solely-Created. Subject to the confidentiality restrictions in Section 7.11,
regardless of the ownership of the Trade Secret Rights and Copyrights under national law, each party, may use, modify, disclose, reproduce,
perform, display, disclose, and distribute General Project Technology that is not Solely-Created as if the Trade Secret Rights and Copyrights
in that General Project Technology were solely owned by that party, without any duty of accounting and without any duty to obtain the
other party’s consent or to pay any compensation to the other party in order to exploit, license, assign, or enforce those rights.

 

    5

     

    

 

		5.3.	Core Mobileye Technology. 
	 	 	 

		5.3.1.	Identification of Technology. The parties may from time to time, with the written approval of the Director of Intellectual
Property for each party, identify in an SOW (in the form set out in paragraph 14 of Exhibit A):

 

		(a)	specific Mobileye Background Technology which will be modified or improved under the SOW; and

 

		(b)	the Project Technology that is the modification or improvement to the specific Mobileye Background Technology, (the “Mobileye
Modification”), to which Project Technology Intel will assign certain Project IPR in accordance with Section 5.3.2.

 

		5.3.2.	Agreement to assign. Intel hereby assigns and agrees to assign, on behalf of itself and its Affiliates and its Personnel, to
Mobileye (without any duty to obtain the consent of or to pay any royalties to Intel or its Affiliates to exploit, license, or enforce
such rights) the specific Project IPR (identified in paragraph 14 of the SOW) to the Mobileye Modification.

 

		5.3.3.	Amendment of SOWs. At any time during the Term and for one year after termination, the parties may with the approval of the
Director of Intellectual Property for each party, agree to amend an SOW in accordance with Section 18.1 to add Mobileye Modifications
to the SOW.

 

		6.	Disputed Technology. If there is a dispute about allocation of Project IPR, the parties will escalate promptly to senior management
for resolution. If the dispute is not resolved within 60 days, the parties will engage in the dispute resolution process in Section 15.

 

7.     Patent Filing Cooperation.

 

		7.1.	Warranty. Each party represents and warrants that its Personnel have assigned, and are obligated to assign, all the Personnel’s
right, title, and interest in all Project IPR to the entity that employs the Personnel. Mobileye warrants that its Personnel have assigned,
and are obligated to assign, all their right, title, and interest in all IPR to Transitional Radar Technology and Intel Radar Technology
to Mobileye.

 

		7.2.	Disclosure of Agreement Inventions. Upon submission of any Invention disclosure for an Agreement Invention by an inventor into
a party’s patent docketing system, the party will disclose it in writing to the other party. The parties will track all Agreement
Inventions, including Invention Information, in an invention tracking document that substantially contains the information listed in Exhibit
B.

 

		7.3.	Ownership Allocation. Before either party files any patent application for a Project Invention, the parties’ patent attorneys
will meet and agree on the party that owns each Project Invention and the Patent Rights therein, considering the assignment of ownership
under this Agreement, the procedures in Section 7.4 for Re-allocated Project Inventions, and Abandoned Project Inventions (as defined
in Section 7.5).

 

		7.4.	Re-Allocated Project Inventions. Notwithstanding the allocation of Project Patent Rights in Section 5, the parties’ patent
attorneys may meet and, with the written approval of the Director of Patents for each party, agree to change ownership of Patent Rights
to specific Project Inventions, each Project Invention on which ownership is changing becoming a Re-allocated Project Invention. The factors
the parties will consider in identifying a Re-allocated Project Invention include (a) one party’s decision not to file a patent
application on a Project Invention that it owns in accordance with the allocations and selections of Patent Rights to Project Inventions
under this Agreement; (b) whether the Project Invention is specific for one party’s product as compared with the other party’s
products; and (c) whether the Project Invention is more strategic for one party’s business as compared to the other party’s
business. The patent attorneys will indicate the change of ownership of the Patent Rights to the Re-allocated Project Inventions on the
Invention Tracking Document. Except for the identification of ownership of the Re-allocated Project Inventions, the Invention Tracking
Document will not be legally binding on the parties.

 

    6

     

    

 

		7.5.	Abandoned Non-Provisional Patent Applications.

 

		7.5.1.	Mobileye Abandoned Applications. If Mobileye decides not to file a non-provisional application claiming priority of a provisional
application for any Project Invention (“Abandoned Project Invention”), Intel will own the Patent Rights to the Abandoned
Project Invention and may file a non-provisional patent application for the Abandoned Project Invention.

 

		7.5.2.	Intel Abandoned Applications. If Intel decides not to file a non-provisional application claiming priority of a provisional
application for any Project Invention that is not within the Excluded Rights, (“Permitted Abandoned Invention”) then
Intel may, with the written approval of the Director of the Intel Patent Group, agree to assign the Project Patent Rights to the Permitted
Abandoned Invention to Mobileye, without any duty of accounting, and without any duty to obtain Intel’s or its Affiliates’
consent or to pay any royalties to Intel to exploit, license or enforce such rights.

 

		7.6.	Intel Patent Assignment. Intel, on behalf of itself, its Affiliates and its Personnel, hereby assigns and agrees to assign
to Mobileye all of its and their right, title, and interest to Project Patent Rights to any Re-Allocated Project Invention that is allocated
to Mobileye (in accordance with Section 7.4), without any duty of accounting, and without any duty to obtain Intel’s or its Affiliates’
consent or to pay any royalties to Intel to exploit, license, or enforce such rights.

 

		7.7.	Mobileye Patent Assignment. Mobileye, on behalf of itself, its Affiliates, and its Personnel, hereby assigns and agrees to
assign to Intel all of its and their right, title, and interest to Project Patent Rights to any Abandoned Project Invention (as defined
in Section 7.5.1) and Re-Allocated Project Invention that is allocated to Intel (in accordance with Section 7.4), without any duty of
accounting, and without any duty to obtain the consent of or pay any royalties to Mobileye, its Affiliates, or their Personnel to exploit,
license, or enforce such rights.

 

		7.8.	Filing Patent Applications. A party who owns Patent Rights to an Agreement Invention may, in its sole discretion, file patent
applications claiming those Patent Rights. The owning party may file anywhere in the world, solely in its own name, and at its own expense.
The party who owns Patent Rights to an Agreement Invention need not file any patent application for it and need not maintain any patent
application it has filed.

 

		7.9.	Disclosure of Patent Applications. Before any patent application is filed for a Project Invention, each party must disclose
the final patent application draft to the other party and remove the Confidential Information, Background Technology, and Project Technology
identified by the owning party.

 

    7

     

    

 

		7.10.	Cooperation in Applying for Patents. Each party who is assigning Patent Rights will assist the assignee by doing the following
promptly when requested at its own expense: (A) execute and deliver assignment documents; (B) cause its Personnel, including inventors
of Agreement Inventions, to cooperate with filing patent applications, without charging the other party for the time of its Personnel;
and (C) pay any compensation relating to patent filing or use of its Personnel’s Invention rights without right of reimbursement
from the assignee.

 

		7.11.	Confidentiality of Invention Information. With respect to Agreement Inventions, the party that does not own the Patent Rights
to the Agreement Invention will protect the Invention Information in the same manner it protects its own Confidential Information until
the earlier of the date: (A) that is 5 years after the date of allocation of ownership of the Patent Rights under this Agreement;
or (B) on which the information is no longer confidential, including when a patent application for the Agreement Invention, if
any, is published. A party that does not own the Patent Rights in an Agreement Invention may request that the other party provide a waiver
in writing of the time requirement to maintain confidentiality. This Section 7.11 is without prejudice to Mobileye’s obligations
under Section 9.6.

 

		8.	General Licenses.

 

		8.1.	Express licenses only. Neither party grants any implied licenses to the other under any legal theory. The only licenses granted
in this Agreement are the express licenses in Sections 5.1.2, 8.4, 8.5, 8.6, 9.3.2, 9.5.1, and 9.5.2. Without limiting the foregoing,
neither party is licensed to use or modify the other party’s Technology to create new Technology, unless and to the extent expressly
stated in this Agreement. Nothing in this Agreement requires or will be treated as requiring either party to grant any additional license.

 

		8.2.	LiDAR manufacturing. Nothing in this Agreement licenses, or requires Intel to license, Mobileye any rights to make or have
any third party make any LiDAR hardware.

 

		8.3.	Reserved rights. No license is granted under this Agreement to any (a) semiconductor manufacturing Technology, Integrated Circuit
Technology, or semiconductor process Technology or (b) to make, have made, use, sell, offer to sell, export, import, and otherwise keep
or dispose of any Intel-Compatible Processor.

 

		8.4.	Development License. Subject to the terms of this Agreement and during the Term, each party hereby grants to the other party
and its Affiliates a worldwide, revocable, terminable, royalty free, fully paid-up, non-exclusive, non-transferable, non-sublicensable
license under its IPR in Background Technology and Project Technology which it discloses to the other under an SOW (but excluding all
LiDAR-related Technology identified in Exhibit C and Exhibit D), for its Personnel to internally use the disclosed Background Technology
and Project Technology to perform its obligations under an SOW, or conduct internal research connected to an SOW.

 

    8

     

    

 

		8.5.	License to Deliverables. Subject to the terms of this Agreement, the party providing a Deliverable to the other party hereby
grants the other party and its Affiliates a world-wide, perpetual, royalty-free, fully paid-up, non-exclusive, non-transferable (except
as permitted by Section 18.3 (Assignment)), non-sublicensable (except as stated in this subsection), license under its Trade Secret Rights
and Copyrights in the Deliverable to use (but not disclose except for as embodied in a Licensed Product (as defined below)) the Deliverable
as expressly intended under the associated SOW and for the Licensed Product. A party may sublicense the license above to end users or
authorized manufacturers of its Licensed Product, if the associated SOW specifies that the purpose of the Deliverable is incorporation
into a Licensed Product, and a sublicense is necessary. Any license to Intel for commercial distribution of Mobileye software must be
in a separate agreement. The SOW may expressly set out specific license grants in respect of specific Deliverables, and these will displace
the license grant in this Section 8.5 for those Deliverables. In this Section 8.5, “Licensed Product” means the product
(other than a LiDAR product) expressly permitted to be developed under the SOW pursuant to which the Deliverable was provided.

 

		8.6.	Project Patent Rights Cross-License. Subject to Section 8.3, the party that solely owns Project Patent Rights (other than Excluded
Rights) hereby grants to the other party and its Affiliates, a world-wide, perpetual, irrevocable, non-terminable, royalty-free, fully
paid-up, non-exclusive, non-sublicensable, non-transferable (except as permitted by Section 18.3 (Assignment)) license under its Project
Patent Rights (other than Excluded Rights) to (A) make, use, offer to sell, sell, import, and otherwise exploit and dispose of any Project
Invention that is embodied in or used in any party’s products or services, and (B) practice and have practiced any Project Invention
in a party’s manufacturing or services.

 

		8.7.	Sublicense Rights. Nothing in this Agreement affects the rights or obligations of either party under the Subsidiary Agreement.
The license in Section 8.6 is in addition to and not in place of any licenses that may be granted under the Subsidiary Agreement.

 

		8.8.	Affiliate Rights. Any licenses granted under this Agreement by one party to the other party’s Affiliate (“Applicable
Entity”) will terminate immediately without notice on the day that the Applicable Entity is no longer an Affiliate of that other
party. Licenses granted under this Agreement by the Applicable Entity, before it ceases to be an Affiliate, will remain in force. Because
Mobileye is not an “Affiliate” of Intel within the meaning of this Agreement, this provision does not affect the existence
or otherwise of the licenses granted under this Agreement by Intel to Mobileye, even if Intel ceases to Control Mobileye.

 

		8.9.	Trademark License. The parties may use each other’s name to refer to that party’s products or services. After the
IPO Date, the parties will meet to agree on trademark logo license terms and usage guidelines.

 

		9.	Radar-related Technology. 

 

		9.1.	Intellectual Property Rights. Intel retains ownership of all Intellectual Property Rights in the Radar Technology.

 

    9

     

    

 

		9.2.	Mobileye Solely-Created Post-IPO Above-the-Line Radar Technology. Intel, effective on the IPO Date, assigns and agrees to assign
to Mobileye all of Intel’s right, title, and interest to Copyrights and Trade Secret Rights to Post-IPO Above-the-Line Radar Technology,
which is Solely-Created by Mobileye Personnel (but only to the extent the Copyrights and Trade Secrets Rights are originally assigned
by Mobileye to Intel under this Agreement), without any duty of accounting, and without any duty to obtain Intel’s consent or to
pay any royalties to Intel to exploit, license, or enforce such rights.

 

		9.3.	Transitional Radar Technology and Intel Radar Technology.

 

		9.3.1.	Assignment. Mobileye, on behalf of itself, its Affiliates and its Personnel, hereby assigns and agrees to assign to Intel all
its and their right, title, and interest to IPR to Transitional Radar Technology and Intel Radar Technology, without any duty of accounting,
and without any duty to obtain the consent of or to pay any royalties to Mobileye or its Affiliates to exploit, license, or enforce such
rights.

 

		9.3.2.	Alternative License. If any part of the assignment in Section 9.3.1 is not possible for any reason, Mobileye, on behalf of
itself and its Affiliates and its Personnel, hereby grants to Intel and its Affiliates, a world-wide, perpetual, irrevocable, non-terminable,
royalty-free, fully paid-up, exclusive (including as to Mobileye and its Affiliates), sublicensable, transferable license under its and
their unassigned IPR to Transitional Radar Technology and Intel Radar Technology to use, disclose, modify, distribute, perform, display,
make, have made, license, offer to sell, sell, import, and otherwise dispose of Transitional Radar Technology and Intel Radar Technology.

 

		9.4.	Implementation Patents for Post-IPO Above-the-Line Radar Technology. From time to time the parties’ patent attorneys
may identify Agreement Inventions that are specific implementations or embodiments of the Post-IPO Above-the-Line Radar Technology, if
any, excluding Inventions that may be used in Intel products, and Intel may in its sole discretion and with the approval of the Director
of the Intel Patent Group, allow Mobileye to own the Patent Rights to such Agreement Inventions, including Inventions specific for radar
bumper handling.
	 	 	 

		9.5.	Radar Licenses.
	 	 	 

		9.5.1.	Copyrights and Trade Secrets. Subject to the terms of this Agreement, Including Section 8.3, Intel hereby grants to Mobileye
and its Affiliates a world-wide, perpetual, royalty-free, fully paid-up, non-exclusive, non-sublicensable, non-transferable (except as
permitted by Section 18.3 (Assignment)) license under Intel’s Trade Secret Rights and Copyrights to:

 

		(a)	Radar Technology, to the extent to which it:

 

		(i)	was disclosed by Intel to the Radar Team prior to their employment by Mobileye; or

 

		(ii)	is physically or electronically delivered to Mobileye by Intel under this Agreement for the purposes of the Mobileye Sensor Product;
and

 

    10

     

    

 

		(b)	Transitional Radar Technology;

 

(together, “Licensed Technology”) to
use, copy, modify, create derivative works of, and distribute and disclose (but in each case only as embodied in the Mobileye Sensor Product
or to subcontractors under Section 2.9), the Licensed Technology for the development and Permitted Use of the Mobileye Sensor Product.
Intel Radar Technology which is created under this Section 9.5.1 will be deemed to become Licensed Technology for the purposes of the
license in this Section 9.5.1.

 

		9.5.2.	Patent Rights. Subject to Section 8.3, Intel hereby grants to Mobileye and its Affiliates, a world-wide, perpetual, irrevocable,
royalty-free, fully paid-up, non-exclusive, non-sublicensable, non-transferable (except as permitted by Section 18.3 (Assignment)) license
under the Additional Patents and Radar Patents to:

 

		(a)	make, use, offer to sell, sell, import, and otherwise exploit and dispose of a Mobileye Sensor Product that embodies any claimed Invention
in the Additional Patents or Radar Patents; and

 

		(b)	practice and have practiced any claimed method or process in the Additional Patents or Radar Patents for or in the Mobileye Sensor
Product;

 

in each case only for the Permitted Use.

 

		9.5.3.	No patent laundering. Mobileye acknowledges and agrees that the licenses granted under this Section 9.5 do not cover any activities
of Mobileye or its Affiliates on behalf of third parties for the purpose of obtaining rights under the Intel licensed IPR (i.e., patent
laundering), including making or having made products based on designs owned or developed by third parties.

 

		9.6.	Patent Filing Restriction.

 

		9.6.1.	During the development of the Mobileye Sensor Products, and for five years from the completion of the last Mobileye Sensor Product,
Mobileye must not file a patent application based on or using the Licensed Technology (as defined in Section 9.5.1) or information in
the Radar Patents, except with the prior written approval of the Director of the Intel Patent Group.

 

		9.6.2.	Mobileye may not disclose any Intel Confidential Information that is Radar Technology, Transitional Radar Technology, or Intel Radar
Technology in any patent application at any time without written permission from the Director of the Intel Patent Group.

 

		9.6.3.	During the period referred to in Section 9.6.1, Mobileye must disclose any radar Invention to Intel upon submission to Mobileye’s
docketing system and consult with Intel prior to filing of any radar patent application to remove Intel Confidential Information and Intel
Technology disclosed in the patent application.

 

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		9.7.	Patent Defense. If Mobileye or its Affiliate is sued by a practicing company for infringement of
a radar patent, Intel will assist Mobileye or its Affiliate consistent with the terms and procedures in Exhibit F.

 

		9.8.	Radar Non-Compete. During the Radar Non-Compete Term, Intel will not sell an external environment-sensing
MM-wave-based software-defined radar product which has 48x48 virtual channels and implements the BSR in its entirety, for (i) ADAS in
Automobiles or (ii) autonomous Automobiles (“Agreed BSR Product”). Intel may Co-Develop an Agreed BSR Product with
a third party, subject to the third-party agreeing not to sell the Agreed BSR Product during the Radar Non-Compete Term.

 

		9.9.	No Restriction on Acquired Companies or Foundry Services. The terms in Section 9.8 do not apply to any company acquired by
Intel at any time or to Intel’s and its Affiliates’ foundry services.

 

		10.	Confidentiality. The parties have entered into a CNDA. The trade secret licenses in this Agreement may allow the parties to
use and disclose licensed information more broadly than the terms in the CNDA. The parties may also enter into a RUNDA for certain highly
Confidential Information. Notwithstanding the license terms in this Agreement, the RUNDA terms will govern each party’s disclosure
and protection obligations related to Confidential Information disclosed under a RUNDA. Mobileye will also take reasonable measures to
protect third party confidential information from disclosure that it receives through Intel, and Mobileye will fulfill all instructions
from Intel for compliance with Intel’s agreements with third parties.

 

		11.	Disclaimer and Limitation of Liability.

 

		11.1.	Disclaimer. Except for the warranties expressly set forth in this Agreement, and subject to Section 11.5, each party and
its Affiliates hereby expressly disclaims all representations and warranties, including implied warranties of merchantability, non-infringement,
and fitness for a particular purpose. Neither party makes any representations or warranties about the validity or enforceability of any
IPR.

 

		11.2.	Limitation of Liability. Except for claims described in Section 11.4, neither party or its Affiliates will be liable for
indirect, incidental, exemplary, punitive, consequential, or special damages arising out of this Agreement, or any damages from the loss
of profits, revenue, production, use, or data, whether direct or indirect and regardless of whether those damages arise in contract or
tort or whether the parties are aware of the possibility of those damages.

 

		11.3.	Liability cap. Except for claims described in Section 11.4 and Section 11.5, the aggregate liability of either party and its
Affiliates arising out of or related to this Agreement, regardless of the form of any claim, action, or theory of liability (Including
contract, tort, or statute), will not exceed the aggregate amounts paid or payable by Mobileye to Intel under this Agreement for any development
services. Multiple claims will not increase this limitation.
	 	 	 
	 	11.4.	Unlimited Liability.
                                            No limitation will apply to any claim of infringement of Intellectual Property Rights, breach
                                            of a license or confidentiality obligation including Section 10, or any liability which cannot
                                            be limited under applicable law.

 

		11.5.	Product warranties and liabilities. Intel’s standard terms and conditions of sale set forth the exclusive warranties,
remedies, and liabilities applicable to the products sold by Intel to Mobileye.

 

    12

     

    

 

		12.	Right to Challenge Validity. A party that assigns any Patent Rights in a Project Invention under this Agreement expressly reserves
the right to challenge the validity or enforceability of any of the assigned Patent Rights, and each party expressly waives all rights
to assert the doctrine of “assignor estoppel” in any dispute or legal action involving Patent Rights to any Project Invention.

 

13.   Notices and Approvals.

 

13.1.         Notices.

 

		13.1.1.	Notices given or required to be given under this Agreement must be written and in English and sent to both the mailing and email address
specified below along with a copy of this Agreement. Email delivery alone for a notice of breach of this Agreement or termination is insufficient.
Paper copies must be sent by overnight courier or registered or certified mail, with online tracking information supplied by email to
the recipient.

 

		13.1.2.	Each notice is considered duly given 7 business days (meaning any day other than a Saturday, Sunday, or official holiday in the sender’s
or recipient’s location designated below) after being sent.

 

		13.1.3.	When this Agreement specifies a time period for sending a notice, a day is any calendar day, unless business days are specified.

 

		13.1.4.	Nothing in this Section 13 relates to service of process.

 

		13.1.5.	Unless changed by notice, all notices must be addressed as follows:

 

	Mobileye:	Intel:
	
    MOBILEYE VISION TECHNOLOGIES LTD

    13 Hartom St. Har Hotzvim, Jerusalem, Israel 9777513

    Attn: Mobileye General Legal Counsel

     

    With a copy, which will not be notice, to: legal@mobileye.com
	
    INTEL CORPORATION

    2200 Mission College Blvd.

    Santa Clara, CA 95054

    Attn: General Counsel

    Reference ID: Miriam Ezrachi Technology and Services Agreement

     

    With a copy, which will not be notice, to: Intel-Legal-Notices@intel.com

     

    With an email copy, which will not be notice, to Jack Weast.

     

    And with a copy, which will not be notice, to: 

Intel Corporation

Post Contract Management, M/S FM1-53

1900 Prairie City Road

Folsom, CA 95630

Email: post.contract.mgmt@intel.com 

 

    13

     

    

 

		13.2.	Approvals. Where this Agreement provides that Intel’s written agreement or approval is required, then unless otherwise
specified in the Agreement, such agreement or approval is a prior written agreement or approval, given either (a) in a written agreement
executed by authorized representatives of the parties; or (b) expressly by an Intel Corporate Vice President or higher-grade executive.

 

		14.	Termination.

 

		14.1.	Term.

 

		14.1.1.	Initial Term. This Agreement begins on the Effective Date and continues until the date which is 24 months after the IPO Date
(this period, the “Initial Term”), unless terminated earlier by either party:

 

		(a)	under Section 14.2;

 

		(b)	under Section 14.3; or

 

		(c)	by notice given no later than 90 days before the end of the Initial Term.

 

		14.1.2.	Renewal. After the Initial Term, and provided it is not terminated in accordance with Section 14.1.1, this Agreement automatically
extends for one-year periods, unless terminated earlier by either party:

 

		(a)	under Section 14.2;

 

		(b)	under Section 14.3; or

 

		(c)	by giving notice of non-renewal no later than 90 days before the end of the then-current one-year period.

 

		14.2.	Termination for Material Breach. Either party may terminate this Agreement or an SOW for a material breach. A notice must state
the provisions that have been breached and the facts establishing a breach. Except for payment breaches, which must be cured within 30
business days of notice, the parties must follow the dispute resolution process in Section 15 and allow the breaching party an opportunity
to cure before the Agreement or the SOW will terminate.

 

		14.3.	Termination for Bankruptcy or Insolvency. This Agreement will terminate automatically and without notice if a party becomes
insolvent, unable to pay its debts when due, or the subject of any voluntary or involuntary insolvency, cession, liquidation, winding
up, bankruptcy, reorganization, rearrangement, receivership, assignment for the benefit of creditors, or similar proceedings under applicable
law, including without limitation the U.S. Bankruptcy Code or any foreign equivalent.

 

		14.4.	SOW Term. Subject to Section 14.5.2, each SOW will be effective and binding on both parties for the SOW Term, and termination
of an SOW will be effective in accordance with the provisions of that individual SOW.

 

    14

     

    

 

		14.5.	Effect of termination of Agreement. If this Agreement expires or is terminated for any reason, then:

 

		14.5.1.	the licenses that do not expressly continue beyond the Term will immediately terminate;

 

		14.5.2.	any SOWs then in force will immediately terminate; and

 

		14.5.3.	termination of this Agreement will not affect any rights, remedies, obligations or liabilities of the parties that have accrued up
to the date of termination.

 

		14.6.	Effect of termination of SOW. Upon termination of the last SOW, except for Deliverables or Technology licensed under this Agreement
past termination of the Agreement, each party will return or (at the owning party’s option) destroy all Technology of the other
party disclosed or created for this Agreement and deactivate all access to the other party’s physical property.

 

15.   
Dispute Resolution.

 

		15.1.	Any dispute arising out of or relating to this Agreement, including any non-payment related allegation of a material breach, will
be resolved as follows: A party will send notice of the dispute or material breach, including a detailed description of the issues and
relevant supporting documents. Management from each party will then try to resolve the dispute. If the parties do not resolve the dispute
within 30 calendar days after the dispute notice, either party may send notice of a demand for mediation. The parties will then try to
resolve the dispute with a mediator. If the parties do not resolve the dispute within 60 calendar days after the mediation demand, either
party may begin litigation or the party alleging the material breach may terminate this Agreement.

 

		15.2.	Either party may at any time may seek an injunction or other equitable remedies for misappropriation of trade secrets, breach of confidentiality
obligations, or infringement of IPR, without complying with the process in Section 15.1.

 

16.  
Survival. Sections 1, 2.5, 2.6, 2.8, 2.9.1(b), 2.9.2, 2.10, 3, 4, 5, 6, 7, 8.1, 8.2, 8.3, 8.5, 8.6, 8.7, 9.1, 9.2, 9.3,
9.5, 9.6, 9.7, 9.8, 9.9, 10, 11, 12, 13, 14.5, 14.6, 16, 17, 18 and the Schedules and Exhibits to which they refer will survive termination
of this Agreement.

 

17.  
Entire Agreement.

 

		17.1.	In addition to the Subsidiary Agreement between Intel Corporation and Intel subsidiaries, this Agreement contains the complete and
exclusive agreement between the parties concerning its subject matter, and supersedes all prior and contemporaneous agreements, understandings,
representations, warranties, and communications between the parties relating to its subject matter.

 

		17.2.	This Agreement Including its termination, has no effect on the Subsidiary Agreement or on any signed non-disclosure agreements between
the parties (Including those referenced in this Agreement), which remain in full force and effect as separate agreements according to
their terms.

 

		17.3.	The express provisions of this Agreement control over any course of performance, course of dealing, or usage of the trade inconsistent
with any of the provisions of this Agreement.

 

    15

     

    

 

18.   General.

 

		18.1.	Amendments. No amendment or modification to this Agreement will be effective unless in writing and signed by authorized representatives
of the parties.

 

		18.2.	Anti-Reliance. Each party agrees that, in entering into this Agreement, (A) it has relied solely on the results of its own
investigation of the facts and circumstances, its own business judgment, and the express terms and conditions in this Agreement, and (B)
it has not relied on and is not entitled to rely on any oral or written understanding, condition, representation, warranty, or communication
that is not expressly set forth in this Agreement.

 

		18.3.	Assignment. Subject to Section 18.4, neither party may assign any rights or delegate any duties under this Agreement, in whole
or in part, whether by contract, operation of law or otherwise without the prior written consent of the other party, and any attempt to
assign any rights, duties, or obligations without the other party’s written consent will be a material breach of this Agreement
and will be null and void. This Agreement will bind and inure to the benefit of the respective parties and their permitted successors
and assigns.

 

		18.4.	Permitted assignments. Consent is not required under Section 18.3 for Intel to assign or delegate all or any of its rights
or obligations under this Agreement to any Intel Entity.

 

		18.5.	Conflicts Among Documents. If there is any conflict between the provisions of Sections 1 through 18 of this Agreement and any
term in a document included or referenced in this Agreement, the following order of precedence for determining which terms will control
is: (A) any RUNDA; (B) the provisions of Sections 1 through 18 of this Agreement; (C) the SOWs; (D) the CNDA.

 

		18.6.	Expenses. Unless otherwise specified in this Agreement or an SOW, each party is responsible for its own expenses associated
with negotiating and performing under this Agreement.

 

		18.7.	Force Majeure.

 

		18.7.1.	Party not liable. A party is not liable for its delay in performing, or its failure to perform, any obligations under this
Agreement to the extent that the delay or failure to perform is caused by a Force Majeure Event.

 

		18.7.2.	Notice required. A party seeking to excuse its delay in performing or failure to perform must give prompt written notice of
the Force Majeure Event after it occurs and describe the circumstances causing, and the anticipated duration of, any actual or anticipated
delay or failure to perform.

 

		18.7.3.	Best efforts to minimize. A party seeking to excuse its delay in performing or failure to perform must use best efforts to
minimize the effects and duration of its nonperformance.

 

		18.7.4.	Non-waiver of Common Law Defenses. The rights and remedies in this Section 18.7 are in addition to any other rights and remedies
provided by law or in equity, including the doctrines of impossibility of performance or frustration of purpose.

 

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		18.8.	Headings. The section and paragraph headings in this Agreement are for convenience of reference only and must not affect the
interpretation of this Agreement.

 

		18.9.	Independent Development. Except for the restrictions in Sections 9.5 and 9.8, this Agreement does not preclude either party
from: (a) independently designing, developing, making, marketing, or distributing any technologies or products; or (b) entering into
any arrangements with third parties, including evaluating or acquiring a third party’s technologies or products.

 

		18.10.	No Construction Against the Drafter. Both parties will be considered to have drafted this Agreement, and each party waives
any rule of construction that ambiguities will be construed against the drafting party.

 

18.11.     
Transaction Taxes. Notwithstanding anything to the contrary herein, with regard to each respective parties’ payments
noted in Section 3 or in an SOW, the party making the payment under this Agreement (“Payor”) will pay all applicable
transaction taxes, Including sales and use taxes, value added taxes, duties, customs, tariffs, and other government-imposed transactional
charges (“Transaction Taxes”). The party receiving payments under this Agreement (“Recipient”) will
separately state on its invoices the Transaction Taxes that Recipient is required to collect under applicable law. Payor will provide
proof of any exemption from Transaction Taxes to Recipient at least 15 business days prior to the due date to paying an invoice. Recipient
will cooperate with Payor in minimizing any Transaction Taxes to the extent permitted by applicable law. If Recipient fails to collect
required Transaction Taxes from Payor, Payor’s liability will be limited to the Transaction Tax assessment, with no reimbursement
for penalty or interest charges.

 

18.12.     
Withholding Taxes. If applicable, Payor will be entitled to deduct or withhold from amounts payable to Recipient under this
Agreement any withholding taxes required to be deducted or withheld under applicable law and pay to Recipient the remaining net amount.
Payor will remit, and provide Recipient with evidence that Payor has remitted, the withholding taxes to the appropriate taxing authority.
If within 15 business days prior to the due date for any Payor payment, Recipient provides Payor with valid certificate or other documentation
demonstrating that Recipient is exempt from withholding taxes, or a lower rate of withholding tax applies, then Payor will, as appropriate,
not deduct or withhold from any payment to Recipient or apply the lower rate to the payment.

 

For the avoidance of doubt, each party is responsible for
its own respective income taxes or taxes based on gross revenues or gross receipts.

 

		18.13.	Tax Treatment. For U.S. tax purposes, the transfer of Intel’s right, title, and interest to Copyrights and Trade Secret
Rights to Post-IPO Above-the-Line Radar Technology Solely-Created by Mobileye pursuant to Section 9.2 of this Agreement shall be treated
as a contribution of property described in Section 351 of the Internal Revenue Code of 1986, as amended. Such transfer shall be deemed,
for applicable tax purposes, to be a contribution of property by Intel to Intel Overseas Funding Corporation, a Delaware corporation (“IOFC”)
immediately followed by a transfer of such property from IOFC to Mobileye. The parties shall file all tax returns consistent with the
foregoing and otherwise take no contrary position in any communication with any governmental authority.

 

    17

     

    

 

		18.14.	Trade Compliance. A party’s provision of Technology must be in in compliance with all applicable trade laws and regulations.
Each party will not export or re-export, either directly or indirectly, any technical data, software, process, product, service, or system
obtained from the other party, without first complying with applicable government laws and regulations governing the export, re-export,
and import of those items. Upon a party’s request, the other party agrees to provide export classifications, Harmonized Tariff Schedule
classifications, or other information necessary for compliance with applicable trade laws and regulations for all Technology provided
under this Agreement.

 

		18.15.	Third Party Rights. This Agreement is made for the benefit of Mobileye and Intel and is not intended to benefit or be enforceable
by any third party. The rights of Mobileye and Intel to terminate, rescind, amend, waive, or vary any term of, or to settle disputes regarding,
this Agreement, are not subject to the consent of any third party.

 

		18.16.	Waiver. No waiver of any provision of this Agreement will be valid unless in a writing signed by the waiving party that specifies
the provision being waived. A party’s failure or delay in enforcing any provision of this Agreement will not operate as a waiver.

 

		18.17.	Severability. If a court holds a part of this Agreement unenforceable, the court will modify that part to the minimum extent
necessary to make that part enforceable, or if necessary, sever that part. The rest of this Agreement remains fully enforceable.

 

		18.18.	Governing Law. Delaware and United States law governs this Agreement and any dispute arising out of or relating to it without
regard to conflict of laws principles.

 

		18.19.	Jurisdiction. The state and federal courts in Wilmington, Delaware will have exclusive jurisdiction over any dispute arising
out of or relating to this Agreement, including claims of breach of confidentiality or trade secret misappropriation. The parties consent
to personal jurisdiction and venue in those courts.

 

		18.20.	Counterparts and Electronic Signatures. This Agreement may be signed electronically and in multiple counterparts, each of which
is considered an original, but all of which constitute a single instrument.

 

    18

     

    

 

 Agreed:

 

	Intel Corporation	Mobileye Vision Technologies, Ltd.

 

	Signature:	 	 	Signature:	 

 

	Printed Name:	 	 	Printed Name:	 

 

	Title:	 	 	Title:	 

 

	Date Signed:	 	 	Date Signed:	 

 

    19

     

    

 

Schedule 1: Definitions

 

		1)	“Above-the-Line Radar Technology” means:

 

		a)	the radar training data collected by the Radar Team or Mobileye, and artificial intelligence models implementing the related algorithms
and trained on this data set; and
	 	 	 

		b)	design specifications, software implementations, or algorithm implementations, which are specific to only the Mobileye Sensor Product,
but excluding any incorporated general or core information or individual component information, for the following:

 

		(1)	antenna array and bumper handling design and layout documents for the EyeC radar product, and

 

		(2)	BSR BPU radar processor and its firmware, and the specific designs and layout documents for the product
radio frequency ICs, and hardware and mechanical housing.

 

2)    
“ADAS” means advanced driver-assistance systems.

 

		3)	“Additional Patents” means Patent Rights to Agreement Inventions that are assigned by Mobileye to Intel under Section
9.3.1 and that are Conceived by Mobileye Personnel whether solely, or jointly with Intel.

 

		4)	“Affiliate” means an entity that directly or indirectly Controls, or is directly or indirectly Controlled by, or
is under common Control with, either Intel or Mobileye, but only as long as such Control exists, provided that for purposes of this Agreement:

 

a)     none of the Mobileye Entities will be considered an Affiliate of any Intel Entities;

 

b)
   none of the Intel Entities will be considered an Affiliate of any Mobileye Entities;

 

c)     no portfolio company of Intel Capital will be considered an Affiliate of Intel or any of Intel’s or the Intel Entities’
Affiliates, and

 

d)    none
of Intel or any of Intel’s or the Intel Entities’ Affiliates will be considered an Affiliate of such portfolio company or
any of such portfolio company’s Subsidiaries.

 

5)    
“Agreement” means Sections 1 through 18 of this document, its attached schedules and exhibits, and all of its
SOWs, as they may be amended from time to time in accordance with Section 18.1.

 

6)     “Agreement Invention” means any (a) Project Invention; (b) Invention in Transitional Radar Technology; and (c)
Invention in Intel Radar Technology.

 

7)     “Automobile(s)” means a vehicle used primarily on public roads for transportation and not for military purposes.

 

8)     “Background
IPR” means all Intellectual Property Rights, trademarks, trade names, service marks, trade dress, and other forms of corporate
or product identification owned, controlled, obtained, or licensed by a party at any time prior to or after the Term, or arising from
development of Technology created independently of this Agreement.

 

9)     “Background Technology” means Technology, which may include new radar technology, that is disclosed by one party
to the other party during the Term and is described in an SOW, excluding Project Technology.

 

    20

     

    

 

10)  
“BPU” means base band processing unit.

 

11)  
“BSR” means the specification for the system architecture for a MM-wave-based software-defined imaging radar
sensor for external-environment sensing, for autonomous Automobiles or ADAS in Automobiles, set out in Exhibit H.

 

12)  
“CNDA” means the Corporate Non-Disclosure Agreement between the parties.

 

		13)	“Co-Develop” or “Co-Developed” means to engage in joint
technical co-design and co-product development with a contractual commitment for substantial Intel engineering resources and high volume
production.

 

14) 
“Conception” or “Conceive(s)” means formation in the mind of the inventor(s) of a definite, complete,
operative invention, as it may be practiced.

 

15) 
“Confidential Information” means the confidential information defined in the CNDA and RUNDA between the parties.

 

		16)	“Control” or “Controlled” means directly or indirectly owning or having voting control over
more than fifty percent (50%) of the outstanding securities entitled to vote for the election of directors or similar managing authority
of an entity, or otherwise having the power to vote, either directly or indirectly, sufficient securities to elect a majority of the board
of directors or similar governing body of an entity.

 

		17)	“Copyrights” means all copyrights, copyright applications, copyright registrations, or any analogous or related
right arising under statutory or common law, anywhere in the world, including any rights from laws implementing the European Database
Directive 96/9/EC.

 

		18)	“Created” means collected, Conceived, created, authored, developed, or generated.

 

19)  
“Deliverable” means the pre-commercial Project Technology or Background Technology (excluding Technology licensed
under Section 9.5 and notwithstanding anything to the contrary in an SOW, excluding all LiDAR-related Technology identified in Exhibit
C and Exhibit D) that meets both of the following requirements: (a) is identified and described in an SOW as a deliverable for a recipient;
and (b) is physically or electronically delivered from a party to a recipient.

 

		20)	“Excluded Rights” means Patent Rights to an Invention which is of the same type or category as any of the “Intel
Radar-Related Technology” in Exhibit D, or which is of the same type or category as, or is a modification or improvement to:

 

		a)	any Radar Technology;

 

		b)	any Radar Patent; or

 

		c)	any Transitional Radar Technology.

 

		21)	“Fees” means the fees for the provision of the Services, if any, as set out in an SOW.

 

    21

     

    

 

		22)	“Force Majeure Event” means an event beyond a party’s reasonable control. A Force Majeure Event that is continuous,
but changes in severity or impact, may constitute more than one Force Majeure Event. For example, Covid-19-related issues can be fluid
and newly imposed restrictions or warnings, or travel inaccessibility, may cause a new Force Majeure Event to occur. A Force Majeure Event
includes the following:

 

a)     an act of God (whether or not caused by human action), such as earthquake, fire, flood, hurricane, mudslide, bacterial or
viral outbreak, pandemic, epidemic, or other outbreak of communicable disease (including Covid-19 and its variants and mutations), tornado,
tsunami, volcanic activity, wildfire, and other natural disasters;

 

b)     an
act of a government agency or civil or military authority, or civil disturbance, such as civil war, embargo, insurrection, martial law,
military action, order, ordinance, or regulation (including any officially declared emergency or any closing or limiting business operations,
travel, or use of private or public transportation or other mobility), rebellion, revolution, riot, and war;

 

c)
    a malicious act or damage, such as sabotage, terrorism, vandalism, or cyberattacks;

 

d)     an accident, such as one involving an aircraft, motor vehicle, ship, or train, or any chemical release, collision, explosion,
fire, radiation or radioactive contamination, or a negligent act causing damage;

 

e)     a
protracted failure of an air, gas, water, or electrical or other energy source, or of a broadband, radio or television broadcast, cellular,
internet, satellite, telephone, or other communication system;

 

f)      production or supply-chain disruption, such as breakdown of plant, equipment, or machinery, default of supplier or subcontractor,
inability to secure transportation, shortage of supply or delay in delivery by vendor, strike, lockout, or other labor dispute or stoppage
(whether involving its own workforce or a supplier or subcontractor); or

 

g)    other events of like nature.

 

		23)	“General Project Technology” means Project Technology that is not Intel Core Technology.

 

		24)	“including” whether or not capitalized, means including but not limited to.

 

25)  
“Integrated Circuit” means an integrated unit comprising:

 

a)     one
or more active or passive electronic or optical circuit elements associated on one or more substrates, such integrated unit forming,
or contributing to the formation of, a circuit for performing electrical or optical functions, including any packaging, housing, or supporting
means; and

 

b)    any firmware, microcode, or drivers, if needed to cause such circuit to perform substantially all of its intended hardware
functionality, whether or not such firmware, microcode, or drivers are shipped with such integrated unit or installed at a later time.

 

		26)	“Intel Aligned Employees” means the Intel employees who meet all of the following
criteria:

 

		a)	specifically identified in a dedicated SOW, the subject of which is “Intel Aligned Employees”;

 

		b)	employed by Intel; and

 

		c)	assigned by Intel to provide services to Mobileye in respect of this Agreement. 

 

    22

     

    

 

		27)	“Intel-Compatible Processor” means:

 

a)     any
product (in each case, as used in this definition, including any component, part, software, firmware, or other functionality, whether
part of a larger product or separate) of someone other than Intel or its Affiliates that is capable of, alone or in combination with
any products (other than Intel products as supplied by Intel or its Affiliates when used as directed by Intel or its Affiliates):

 

		i)	executing or translating, natively or via emulation, simulation, cloning, or in any other way, all or a substantial portion of the
instruction set of any processor (or any derivative, follow-on, or extension of such instruction set) that was first introduced by, was
substantially developed by or with substantial participation of, or the architecture, design, or core of which is owned by, Intel or its
Affiliates; or

 

		ii)	interfacing with or incorporating any portion of any proprietary bus or other proprietary data path of Intel or its Affiliates; or

 

b)     any
product (including any system) of someone other than Intel or its Affiliates that is, or any part of which is, optimized or designed
to emulate, simulate, or clone, or allow emulation, simulation, or cloning of, or that does emulate, simulate, or clone, any substantial
functions of a product covered by subsection (a) above; or

 

c)     any product of someone other than Intel or its Affiliates that is pin compatible with any processor that was first introduced
by, was substantially developed by or with substantial participation of, or the architecture, design, or core of which is owned by, Intel
or its Affiliates.

 

For purposes of this definition of Intel Compatible Processor,
a product is a product “of someone other than Intel or its Affiliates” if that product is manufactured by an entity other
than Intel or its Affiliates (and is not manufactured for Intel or its Affiliates).

 

		28)	“Intel Core Field” means the following:

 

a)     Technology
types that are (i) identified in Exhibit C (Intel Lidar and Radar Technology); (ii) identified in Exhibit D (Intel Fundamental Technology
types), or (iii) in the same field as the inventions identified in Exhibit E (Lidar and Radar Patents); and

 

b)     any
additions to the above expressly described in an SOW by Intel.

 

		29)	“Intel Core Technology” means Project Technology that is in the Intel Core Field.

 

	30)	“Intel Entities” means Intel and its Subsidiaries (other than the Mobileye
Entities).
	 	 

		31)	“Intel Radar Technology” means Technology that is Created between the Effective
Date and the last day of the period of the patent filing restriction in Section 9.6.1, by Mobileye and its Affiliates’ employees,
agents, contractors, and subcontractors (whether solely or jointly with Intel or its Affiliates’
employees, agents, contractors, and subcontractors), but not under an SOW, and which is:

 

		a)	a modification to or an improvement of any:

 

		i)	Radar Technology;

 

		ii)	Radar Patent;

 

		iii)	Transitional Radar Technology; or

 

		iv)	Intel Technology in the category of “Intel Radar-Related Technology” in Exhibit
D otherwise shared by Intel with Mobileye; or

 

    23

     

    

 

		b)	without limiting the foregoing, a modification or derivative work done under Section 9.5.1.

 

		32)	“Intellectual Property Rights” or “IPR” means all intellectual
property rights, Including Copyrights, Patent Rights, Trade Secret Rights, and but excluding trademarks, trade names, service marks, trade
dress, or other forms of corporate or product identification.

 

33) 
“Invention” means an invention of a process, machine, manufacture, or composition of matter, or improvement.

 

34) 
“Invention Information” means information that: (A) describes inventorship and the inventive aspects of an Agreement
Invention or its operation; and (B) is confidential and not generally known in the industry.

 

		35)	“Invention Tracking Document” means a document identifying the Agreement Inventions as described in Section 7.2.

 

36)  
“IPO Date” means the date on which Mobileye Global Inc., the indirect parent of Mobileye, makes an initial public
offering of its Class A common stock pursuant to a Registration Statement on Form S-1 under the Securities Act of 1933, as amended.

 

37)  
“Jointly-Conceived” means when Personnel of both parties conceive of at least one inventive aspect of an Invention
as determined under U.S. patent law standards.

 

38)  
“Mobileye Entities” means Mobileye Global Inc. and its Subsidiaries and any entity which becomes a Subsidiary
of Mobileye Global Inc. after the Effective Date.

 

39)  
“Mobileye Sensor Product” means one or more components defined in the BSR.

 

		40)	“Mobileye Solution” means a solution, such as Mobileye DriveTM or SupervisionTM, which is based on Mobileye
products or technology and includes a Mobileye EyeQ® system-on-chip or its successor product, and which is for autonomous Automobiles
or ADAS in Automobiles.

 

41)  “Non-Selecting Party” means a party who does not select the Project Invention by the process in Section 5.2.3.

 

42) 
“Patent Rights” means all patent rights in classes and types of utility and design patents applied for and issued
(Including substitutions, continuations, continuations-in-part, divisions, reissues, re-examinations, extensions, renewals, and industrial
design registrations), anywhere in the world.

 

43) 
“Permitted Use” means:

 

		a)	use of the Mobileye Sensor Product as integrated (by or for Mobileye) into a Radar System, in an autonomous Automobile or ADAS solution
in an Automobile, that Mobileye or its Affiliates sells or operates for mobility-as-a-service; or

 

		b)	sale of the Mobileye Sensor Product in or together with a Mobileye Solution, by Mobileye or its Affiliates:

 

		i)	to an automotive Tier 1 supplier:

 

		(1)	for integration into a Radar System in an autonomous driving Automobile or ADAS in an Automobile for an automotive OEM;

 

		(2)	for sale to an automotive OEM for integration into a Radar System for autonomous Automobiles or ADAS in Automobiles;

 

    24

     

    

 

		ii)	to an automotive OEM for integration into a Radar System for autonomous Automobiles or ADAS in Automobiles; or

 

		c)	sale of the Mobileye Sensor Product, by Mobileye or its Affiliates:

 

		i)	to an automotive Tier 1 supplier:

 

		(1)	for integration into a Radar System in an autonomous driving Automobile or ADAS in an Automobile for an automotive OEM;

 

		(2)	for sale to an automotive OEM for integration into a Radar System for autonomous Automobiles or ADAS in Automobiles;

 

		ii)	to an automotive OEM for integration into a Radar System for autonomous Automobiles or ADAS in Automobiles; or

 

		d)	sale of the Mobileye Sensor Product in a Radar System by Mobileye or its Affiliates to other third parties in other markets agreed
in writing signed by authorized representatives of the parties.

 

44) 
“Personnel” means:

 

		a)	a party’s and its Affiliates’ employees, agents, contractors, and subcontractors who perform work in connection with this
Agreement; and

 

		b)	Mobileye’s or its Affiliates’ employees, agents, contractors, and subcontractors who Create Intel Radar Technology, and
the Radar Team.

 

		45)	“Post-IPO Above-the-Line Radar Technology” means Above-The-Line Radar Technology that is Created after the IPO
Date and before the expiration or termination of this Agreement.

 

46) 
“Project” means technical development work that the parties identify and agree to work on in an SOW.

 

47) 
“Project Invention” means Project Technology that is an Invention.

 

48) 
“Project IPR” means Copyrights, Trade Secret Rights, Project Patent Rights, to Project Technology.

 

49) 
“Project Patent Rights” means all Patent Rights from any patent application filed by a party that claims a Project
Invention.

 

50) 
“Project Technology” means Technology, which may include new radar Technology, that is Created by Personnel
of one or both parties during the Term:

 

		a)	under an SOW;

 

		b)	for a Project;

 

		c)	pursuant to internal research connected to an SOW as described in Section 8.4; or

 

		d)	which is a modification or improvement to a Deliverable provided under Section 8.5.

 

    25

     

    

 

51) 
“Radar Non-Compete Term” means the period that begins on the Effective Date and ends the earlier of:

 

		a)	five years after the Effective Date;

 

		b)	three years from the date when Intel no longer exercises Control over Mobileye;

 

		c)	the date on which Mobileye cancels its Mobileye Sensor Product development;

 

		d)	the date on which Mobileye terminates this Agreement other than properly for Intel’s material breach; or

 

		e)	the date on which Intel terminates this Agreement properly for Mobileye’s material breach.

 

52) 
“Radar Patents” means the patents in Exhibit G.

 

		53)	“Radar System” means a MM-wave-based software-defined imaging radar sensor for external-environment sensing, for
autonomous Automobiles or ADAS in Automobiles, which implements the BSR in its entirety (but without limitation on channel counts).

 

		54)	“Radar Team” means the personnel formerly employed or contracted by Intel, who transferred to Mobileye to work
on radar Technology.

 

		55)	“Radar Technology” means the Technology designated as radar Technology in Exhibit C.

 

56) 
“Re-Allocated Project Invention” means a Project Invention that the parties’ patent attorneys have agreed
to change ownership of on the Invention Tracking Document as described in Section 7.4.

 

57) 
“Reasonable Efforts” means reasonable, diligent, good-faith efforts to perform the tasks that are comparable
to the efforts it commonly uses to perform similar work for its own business.

 

58) 
“RUNDA” means a restricted non-disclosure agreement between the parties that identifies specific confidential
information, individual recipients, and use restrictions.

 

59) 
“Selecting Party” means a party who selects a Project Invention by the process described in Section 5.2.3.

 

		60)	“Services” means the work that a party will do for the other party (including for payment) which is specifically
described in an SOW as services.

 

61) 
“Solely-Authored” means when only Personnel of one party authors a work and it is not intentionally combined
with the work of the other party as part of a unitary work.

 

62) 
“Solely-Collected” means when only Personnel of one party collects or creates information (Including data of
any kind in any format but excluding works of authorship) that is Project Technology.

 

63) 
“Solely-Conceives” or “Solely Conceived” means when only Personnel of one party contributes
to the Conception of a Project Invention.

 

64) 
“Solely-Created” means Solely-Conceived for Project Inventions, Solely-Authored for works of authorship, or
Solely-Collected for information.

 

65) 
“SOW” means a statement of work under this Agreement that complies with Section 2.1.

 

66) 
“SOW Term” has the meaning defined in an SOW.

 

    26

     

    

 

		67)	“Subsidiary” means, as to any Person (as defined below), a corporation, limited liability company, joint venture,
partnership, trust, association, or other entity in which such Person:

 

a)     beneficially owns, either directly or indirectly, more than fifty percent (50%) of (i) the total combined voting power of
all classes of voting securities of such entity, (ii) the total combined equity interests, or (iii) the capital or profits interest, in
the case of a partnership; or

 

b)    otherwise has the power to vote, either directly or indirectly, sufficient securities to elect a majority of the board of
directors or similar governing body,

 

where a “Person” is any individual, corporation,
partnership, limited liability company, association, trust or other entity or organization, including any governmental authority.

 

		68)	“Subsidiary Agreement” means the agreement between Intel Corporation and Intel Subsidiaries dated March 4, 2014,
to which Mobileye acceded by an agreement dated August 8, 2017.

 

		69)	“Technology” means all information (including ideas, plans, know-how, data, algorithms, models, discoveries, Inventions,
processes, and methods); tangible embodiments (including hardware, devices, machinery, equipment, tools, apparatus, prototypes, samples,
and compositions), and works of authorship (including documents, specifications, reports, presentations, software, firmware, RTL code,
libraries, databases, compilations, designs, schematics, and photographs), in any format on any media.

 

		70)	“Term” has the meaning given to it in Section 14.1.

 

		71)	“Trade Secret Rights” means all trade secret rights or any analogous right, arising under statutory or common law,
anywhere in the world.

 

		72)	“Transitional Radar Technology” means all Technology Created, solely or jointly with Intel Personnel, by:

 

a)     the Radar Team before the IPO Date; or

 

b)     any other Mobileye employees, agents, contractors or subcontractors in the course of their work on any MM-wave-based software-defined
imaging radar sensor, prior to the IPO Date;

 

in each case, which is in the Intel Core Field.

 

    27

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