Document:

Employment Agreement by and among IDT and Randall Frederick

 Exhibit 10.5 
  
 EMPLOYMENT AGREEMENT 
  
 THIS EMPLOYMENT AGREEMENT dated as of the 15th day of June, 2005, is entered into by and between Randall Frederick (the “Employee”) and
Integrated Device Technology, Inc., a Delaware corporation (“the Corporation”). 
  
 RECITALS 
  
 WHEREAS
Integrated Circuit Systems, Inc. (“ICS”), the Corporation and one of its subsidiaries (“Merger Sub”) anticipate entering into an Agreement and Plan of Merger (the “Merger Agreement”), pursuant to which, on the terms and
subject to the conditions set forth therein, Merger Sub will merge with ICS and the resulting entity will become a wholly-owned subsidiary of the Corporation; 
  

AND WHEREAS as of the date hereof, the Employee serves as the Vice President of Video of ICS; 
  
 AND WHEREAS the Corporation wishes to employ the Employee and the Employee
wishes to be employed by the Corporation on the terms and conditions contained in this employment agreement (this “Agreement”) upon the consummation of the merger contemplated by the Merger Agreement; 
  
 AND WHEREAS the Corporation is only willing to enter into this Agreement on
the basis that the Employee observe the restrictive covenants set out herein which have been negotiated in good faith and which the Employee acknowledges as being reasonable given the nature of the Employee’s expected position with the
Corporation contemplated by this Agreement. 
  
 NOW THEREFORE THIS
AGREEMENT WITNESSES that in consideration of the mutual covenants and agreements in this Agreement, it is agreed by and between the Employee and the Corporation as follows: 
  
 1. EMPLOYMENT 
  
 1.1 Position 
  
 As of the Effective Time, as such term is defined below, the Corporation shall employ the Employee, and the Employee shall agree to be employed by the
Corporation, as the Corporation’s Vice President of Video, on the terms and subject to the conditions herein contained. 

 1.2 Duties 
  
 During the term of this Agreement, the Employee shall: 
  
 (i) devote the whole of the Employee’s time, skills, experience and attention during normal business hours to the business of the Corporation, and
ensure that the Employee is not at any time engaged in conduct that would interfere with the performance by the Employee of the Employee’s duties under this Agreement or which would constitute a conflict with the interests of the Corporation.
Nothing herein shall be deemed to prevent or inhibit the Employee from making investments in other business enterprises provided the role of the Employee in each such case is passive and does not involve any active involvement in such enterprise.
During the Term of Employment, the Employee will not be employed or engaged in any other business without the prior written permission of the Corporation, which permission will not be unreasonably withheld; 
  
 (ii) well and faithfully serve the Corporation and carry out those
responsibilities as are necessary to perform the functions associated with the Employee’s position; and 
  
 (iii) use the Employee’s best efforts while performing Employee’s responsibilities to promote the success of the business of the Corporation and
act at all times in the best interest of the Corporation. 
  
 2. TERM

  
 This Agreement and the Employee’s employment
hereunder shall become effective and shall commence on the closing of the merger contemplated by the Merger Agreement (the “Effective Time”) and shall continue until the two (2) year anniversary of such commencement date (the “Term of
Employment”). Following the Term of Employment, this Agreement shall be terminated and have no further force or effect, except with regard to Section 4 and Section 5, as stated below. The Corporation and the Employee understand and agree that
Employee may still be an “at-will” employee of the Corporation after the termination of this Agreement. 
  
 3. REMUNERATION 
  
 3.1 Compensation 
  
 The Corporation shall pay to the Employee as compensation for the performance of the Employee’s duties herein a salary at the rate of $244,419 per annum (the “Base Salary”), payable in accordance with the Corporation’s
normal payroll procedures and subject to Section 6.14. The Employee agrees that such salary shall be reviewed annually during the normal course of the Corporation’s focal review process or may be otherwise increased from time to time by the
Corporation, and such revised annual salary shall be referred to hereinafter as the “Base Salary.” 
  
 The Employee will also be eligible to participate in the Corporation’s Incentive Compensation Plan which provides for certain cash incentive
compensation upon the achievement of certain individual, unit and Corporation-wide performance goals. The Employee’s individual incentive target under the Incentive Compensation Plan shall be equal to thirty percent (30%) of the Base Salary.

  

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 The Employee will also be eligible to participate in all of the Corporation’s other incentive
compensation plans for which employees of the Corporation or its subsidiaries of similar seniority participate. 
  
 3.2 Stock Options 
  
 The Employee shall be eligible to be granted nonqualified options to purchase shares of Corporation’s common stock or other equity compensation
generally paid to the employees of the Corporation (collectively, the “Equity Awards”), including the follow specific Equity Awards: 
  
 (1) the Employee will be eligible to receive, under the Merger Agreement, two stock option grants to purchase shares of the
Corporation’s common stock for each option to purchase ICS common stock which had previously been granted to the Employee (the “Replacement Option Grants.”) One of the Replacement Option Grants shall be for the same number of shares
and shall be vested to the same extent as the ICS option which this option is intended to replace and shall have the same term as set forth in Corporation’s standard form of stock option agreement (the “First Replacement Option
Grant”). The second of the Replacement Option Grants shall be for a number of shares which is calculated by multiplying the number of shares subject to the ICS option for which this option is intended as a replacement by the Implied All Stock
Exchange Ratio under the Merger Agreement, and then subtracting the number of shares subject to the First Replacement Option Grant, shall vest according to the vesting schedule and shall have the same term as set forth in the Corporation’s
standard form of stock option agreement (the “Second Replacement Option Grant”); and 
  
 (2) the Employee shall also be eligible to receive an option grant of 100,000 shares that will vest with regard to 33,333 of such option
shares on Employee’s second anniversary of employment, 33,333 of such option shares on Employee’s third anniversary of employment and the remaining 33,334 of such option shares on Employee’s fourth anniversary of employment with
Corporation, provided Employee continues to remain an employee of the Corporation through such dates. 
  
 Any Equity Awards shall be granted subject to approval of the board of directors of the Corporation (or the compensation committee thereof). Any Equity Awards shall be granted pursuant and be subject to the terms of
the Corporation’s stock option and/or equity incentive plans and customary form of agreements, and, except as otherwise described herein, shall vest and become exercisable in accordance with the vesting and exercisability schedule generally
applicable to stock options granted to similarly situated employees. 
  
 3.3
Benefits 
  
 The Employee shall be entitled to
participate in all of the benefit plans for employees of the Corporation in effect from time to time, in accordance with the terms of the formal plan documents, including medical, dental, group life and disability plans, as of and with effect from
the Effective Date. Employee’s years of service with ICS prior to the Effective Time shall be counted as years of service with the Corporation for purposes of eligibility and vesting (other 

  

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than vesting with respect to any equity-based compensation). The Corporation reserves the right to unilaterally revise the terms of the benefit plans of
general application to all employees or to eliminate any such benefit plan altogether. 
  
 3.4 Vacation 
  
 The Employee will be
entitled to four (4) weeks paid vacation per year in accordance with the Corporation’s generally established policies. The Employee shall endeavor to schedule such vacation to be taken so as to not unreasonably interfere with the demands of the
business of the Corporation after taking into account the personal plans of the Employee. 
  
 3.5 Expenses 
  
 The Corporation shall reimburse the Employee for all out-of-pocket expenses and other disbursements actually and properly incurred by the Employee in connection with the Employee’s duties hereunder or otherwise properly incurred by the
Employee for and on behalf of the Corporation, upon presentation of reasonably acceptable evidence of the Employee having incurred such expenses and disbursements. 
  
 4. TERMINATION OF EMPLOYMENT 
  
 4.1 Termination by Corporation for Cause 
  
 The employment of the Employee hereunder may be terminated at any time by notice in writing from the Corporation to the Employee for Cause, in which event
the Employee shall not be entitled to a notice period or compensation in lieu of notice. In such case, the Employee shall not be entitled to any compensation or benefits hereunder except for payment of all amounts due and owing to the date of
termination, including accrued but unpaid Base Salary, vacation, and unreimbursed expenses. 
  
 For purposes of this Agreement, “Cause” shall mean: 
  
 (1) fraud, misappropriation, embezzlement, or other act of material misconduct against the Corporation or any of its affiliates;

  
 (2) substantial and willful failure to
perform specific and lawful directives of the board of directors of the Corporation and/or the Chief Executive Officer of the Corporation as reasonably determined by the board of directors of the Corporation and/or the Chief Executive Officer of the
Corporation; 
  
 (3) willful and knowing
violation of any material rules or regulations of any governmental or regulatory body; or 
  
 (4) conviction of or plea of guilty or nolo contendere to a felony. 
  

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 4.2 Termination by Corporation without Cause or by Employee for Good Reason 
  
 The employment of the Employee may be terminated by the Corporation at any
time without Cause or by the Employee for Good Reason, and provided such termination occurs during the Term of Employment, and contingent upon the Employee’s signing and delivering to the Corporation and not revoking a full release of all
claims against the Corporation, the Corporation will make payment to the Employee of the following: (i) an amount equivalent to twelve (12) months of Base Salary to be paid out over twelve (12) months, in accordance with the Corporation’s
standard pay periods, (ii) any accrued but unpaid Base Salary for services rendered to the date of termination, (iii) any accrued but unpaid expenses required to be reimbursed under this Agreement, and (iv) any vacation accrued to the date of
termination. Additionally, in the event of the Employee’s termination by the Corporation without Cause or by the Employee for Good Reason, provided such termination occurs during the Term of Employment, and contingent upon the Employee’s
signing and delivering to the Corporation and not revoking a full release of all claims against the Corporation, the options subject to the then outstanding Equity Awards shall vest as to that number of shares of common stock that would have become
vested assuming Employee continued to perform services under this Agreement for an additional twelve (12) months. Employee shall have until the earlier of: (i) twelve (12) months following such termination, or (ii) the expiration date of each such
Equity Award, to exercise the portion of each of the Employee’s Equity Awards which are vested as of the date of such termination. In addition, until the earlier of the twelve (12) month anniversary of Employee’s termination by the
Corporation without Cause or by the Employee for Good Reason or the date the Employee secures similar benefits through new employment, the Corporation shall continue benefits for the Employee and, as applicable, the Employee’s family under the
Corporation’s benefit plans in which the Employee participated pursuant to Section 3.3. Except as stated in this Section 4.2, Employee shall not be entitled to any other compensation or benefits. 
  
 For purposes of this Agreement, “Good Reason” shall mean any of the
following to the extent they are undertaken without the Employee’s consent: 
  
 (1) the assignment to the Employee of any duties or level of responsibilities that results in any diminution or adverse change of the Employee’s position, title, authority, circumstances of employment or scope of
responsibilities where such conduct has not been cured after forty-five (45) days written notice from the Employee; 
  
 (2) a reduction by the Corporation in the Employee’s Base Salary unless such reduction is part of a Corporation wide reduction in compensation to
save costs or a reduction by the Corporation in the Employee’s individual incentive target percentage under the Incentive Compensation Plan unless such reduction is consistent with other similarly situated employees at the Corporation;

  
 (3) the taking of any action by the Corporation that would
adversely affect the Employee’s participation in, or reduce the Employee’s benefits under, the Corporation’s benefit plans as described in Section 3.3 (excluding equity-based compensation), except to the extent the benefits of all
other employees of the Corporation are similarly reduced where such conduct has not been cured after forty-five (45) days written notice from the Employee; or 
  

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 (4) the Corporation’s relocation of the Employee’s place of employment beyond a fifty-mile
radius from either the location of the Employee’s place of employment as of the Effective Date or the Corporation’s corporate headquarters as of the Effective Date. 
  
 4.3 Termination by Employee Not for Good Reason 
  
 In the event the Employee terminates employment with the Corporation for any reason other than Good Reason, the Corporation
shall within ten (10) business days of such termination pay to the Employee all amounts due and owing to the Employee as of the date of such termination, including accrued but unpaid Base Salary, vacation, and unreimbursed expenses and the Employee
shall not be entitled to any other compensation or benefits from the Corporation. 
  
 4.4 Fair and Reasonable 
  
 The parties
confirm that the provisions contained in this Article 4 are fair and reasonable and the parties agree that upon termination of this Agreement pursuant to any of the provisions hereof, the Employee shall have no action, cause of action, claim or
demand against the Corporation or any other person as a consequence of such termination, so long as the Corporation fulfills its obligations hereunder. The Employee agrees to accept that payments provided for in Section 4.2 in full satisfaction of
any and all claims the Employee has or may have against the Corporation and the Employee agrees to sign and deliver to the Corporation and not revoke a full release of all claims against the Corporation prior to receipt of payment of said sum.

  
 4.5 Return of Property 
  
 Upon any termination of this Agreement or the employment of the Employee
hereunder: 
  
 (1) the Employee shall at once deliver, or cause
to be delivered, to the Corporation all books, documents, effects, money, securities or other property and materials belonging to the Corporation (or any affiliate of the Corporation), or for which the Corporation (or any affiliate of the
Corporation) is liable to others, which are in the possession, charge, case, control or custody of the Employee, including all confidential materials subject to Section 5.3 and all copies and reproductions thereof in any form whatsoever received by
the Employee and delete same from all retrieval systems and databases used by the Employee; 
  
 (2) the Corporation shall at once deliver, or caused to be delivered to the Employee all property belonging to the Employee which are in the possession, charge, care, control or custody of the Corporation or any of
its subsidiaries; and 
  
 (3) the Corporation shall at once cause
the discharge of any personal covenants or guarantees of the Employee concerning the Corporation’s business (including that of any subsidiary), and shall fully indemnify and hold harmless the Employee for the Corporation’s failure to do
so. 
  

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 5. COVENANTS OF EMPLOYEE 
  

5.1 Confidentiality 
  
 Except as may be required by applicable law or the rules and regulations of any national securities exchange or national automated quotation system, the
Employee shall not, at any time or under any circumstances during the term of the Employee’s employment with the Corporation and after the termination of the Employee’s employment, except for the benefit of the Corporation in carrying out
the Employee’s duties hereunder, directly or indirectly communicate or disclose to any person any confidential knowledge or information of the Corporation or any of its subsidiaries howsoever acquired (except as set forth below), nor shall the
Employee utilize or make available any such knowledge or information directly or indirectly in connection with any business or activity in which the Employee is or proposes to be involved, or in connection with the transfer or proposed transfer of
any of the Employee’s securities or in connection with the solicitation or acceptance of employment with any person. Knowledge and information subject to this Section 5.1 includes, but is not limited to, formulas, circuits, drawings, designs,
mask works, plans, proposals, marketing and sales data, financial information, cost and pricing information, customer lists, trade secrets, personnel information, policies and procedures, organizational charts, telephone directories, and concepts
and ideas related to the past, present, or future business of the Corporation or any affiliated entity (including parents and subsidiaries, including but not limited to ICS) which have not been publicly released by duly authorized representatives of
Corporation. The Employee will be under no obligation of confidentiality with respect to any information that the Employee can show (i) is or becomes available to the general public through no fault of the Employee; (ii) was known to the Employee
before disclosure without obligation of confidentiality; (iii) is independently developed by the Employee; or (iv) is lawfully received from a third party without obligation of confidentiality. 
  
 The terms of this Section 5.1 shall survive the termination of this
Agreement. 
  
 5.2 Intellectual Property Rights 
  
 (1) Subject to Section 5.2(4), any Development made, conceived,
learned or reduced to practice during the course of the Employee’s employment, whether past, present or future, and all trade secret, patent, copyright, mask work and other intellectual property rights world-wide therein or otherwise related
thereto whether known or otherwise learned, are the property of the Corporation, and all of the Employee’s right, title and interest in and to the same are hereby assigned (and shall hereby be assigned when first reduced to practice or first
fixed in a tangible medium, as applicable) to the Corporation, whether or not they are capable of statutory protection and whether or not they are made by the Employee or jointly with other persons. The Employee also agrees to assign all of the
Employee’s right, title and interest in and to any particular Development to a third party, including the United States, solely as directed by the Corporation. “Developments” means all discoveries, know-how, inventions, designs, works
of authorship, ideas, methods, uses, business methods, contributions, developments, algorithms, processes, compositions, techniques and any improvements thereof (whether or not patentable or copyrightable), legally recognized proprietary rights, and
any other intellectual property rights (including patents, copyrights, mask works, trademarks, topographies, know-how and trade secrets), and all records and copies of records, relating to the foregoing. The Employee also 

  

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hereby waives all moral rights into any copyright assigned hereunder. During the period of the Employee’s employment and for six (6) months after
termination of the Employee’s employment with the Corporation, the Employee will promptly disclose to the Corporation fully and in writing all Developments made, conceived, learned or reduced to practice by the Employee, either alone or jointly
with others. In addition, the Employee will promptly disclose to the Corporation all patent applications filed by the Employee or on the Employee’s behalf within one (1) year after termination of employment. At the time of each such disclosure,
the Employee will advise the Corporation in writing of any Developments related thereto that Employee believes to fully qualify for protection under Section 2870; and the Employee will at that time provide to the Corporation in writing all evidence
necessary to substantiate that belief. The Corporation will keep in confidence and will not use for any purpose or disclose to third parties without the Employee’s consent any confidential information disclosed in writing to the Corporation
pursuant to this Agreement relating to the identified Developments that qualify fully for protection under the provisions of Section 2870, as defined below. The Employee will preserve the confidentiality of any Development that does not fully
qualify for protection under Section 2870. The Employee will maintain accurate records of (including in the form of notes, sketches, drawings and in any other form that may be required by the Corporation), which records shall be available to and
remain the sole property of the Corporation at all times, and will promptly and fully disclose and confirm the assignment in writing to the Corporation (or to a third party designated by the Corporation) of, all such Developments including all
intellectual property rights therein. 
  
 (2) The Employee shall
assist the Corporation and execute, verify and deliver such documents and do everything necessary or desirable (including appearing as a witness) to apply for, obtain, perfect, evidence, sustain or enforce patents, copyrights, mask works, industrial
designs or other legal protection including other intellectual property rights for such Developments in all countries including any continuation, division, re-issue or renewal thereof. The Employee’s obligation to assist the Corporation with
respect to such Developments shall continue beyond the termination of Employee’s employment. In the event the Corporation requires more than nominal assistance from the Employee following Employee’s termination, the Corporation shall
reasonably compensate the Employee for Employee’s time. In the event the Corporation is unable for any reason, after reasonable effort, to secure the Employee’s signature on any document needed in connection with the above-mentioned
actions, the Employee hereby irrevocably designates and appoints the Corporation and its duly authorized officers and agents as the Employee’s agent and attorney in fact, which appointment is coupled with an interest to act for and on the
Employee’s behalf to execute, verify and file any such documents and to do all other lawfully permitted acts to further the purposes of this Agreement with the same legal force and effect as if executed by the Employee. The Employee hereby
waives any and all claims, of any nature whatsoever, which the Employee now or may hereafter have for infringement of any proprietary rights or intellectual property rights assigned hereunder to the Corporation. 
  
 (3) The memorandum sheet attached as Schedule A fully describes all
Developments developed by Employee or jointly with others before being employed by ICS and which are excluded from the scope of this Agreement (“Prior Inventions”). If disclosures of such Prior Invention is restricted by a prior
confidentiality agreement, the Employee will only disclose a cursory name for such Prior Invention, the identity of its owner and the fact of the confidentiality obligation. If no such disclosure is attached, the Employee represents that there are
no Prior 

  

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Inventions. If, in the course of Employee’s employment with the Corporation, Employee incorporates a Prior Invention into any Development, then the
Corporation is hereby granted and shall have a nonexclusive, royalty-free, irrevocable, perpetual, worldwide license (with rights to sublicense through multiple tiers of sublicensees) to make, have made, modify, use and sell such Prior Invention.
Notwithstanding the foregoing, the Employee agrees that the Employee will not incorporate, or permit to be incorporated, Prior Inventions in any Development without the Corporation’s prior written consent. 
  
 (4) This Agreement does not apply to a Development which qualifies fully as a
nonassignable Development under Section 2870 of the California Labor Code (“Section 2870”). Employee certifies the Employee has reviewed the notification on Exhibit B (Limited Exclusion Notification) and agrees that the Employee’s
signature acknowledges receipt of the notification. 
  
 (5) The
Employee acknowledges that all original works of authorship which are made by the Employee (solely or jointly with others) within the scope of the Employee’s employment and which are protectable by copyright are “works made for hire,”
pursuant to United States Copyright Act (17 U.S.C., Section 101). 
  
 5.3
Non-Competition and Non-Solicitation 
  
 (1) The
Employee acknowledges that in the Employee’s position of Vice President of Video, the Employee occupies a position of trust and confidence. The Employee understands that the following restrictions may limit the Employee’s ability to earn a
livelihood in a business which, directly or indirectly, compete with Corporation. However, the Employee agrees that the Employee will receive sufficient consideration and other benefits as an Employee of Corporation to clearly justify such
restrictions which, in any event, given the Employee’s skills and ability will not prevent the Employee from earning a living. The Employee acknowledges that all restrictions contained in Section 5.3 are reasonable and valid for the adequate
protection of the legitimate business interests and goodwill of the Corporation and are no broader than is necessary to protect such interests and goodwill. 
  
 (2) The Employee shall not (without the prior written consent of the Corporation) while employed by Corporation and for twelve (12) months after the
termination of the Employee’s employment, for any reason, provided such termination occurs during the Term of Employment, whether directly or indirectly, either alone or in conjunction with any individual, firm, corporation, association or
other entity (except for the Corporation), whether as principal, agent, stockholder or in any other capacity whatsoever carry on, or be engaged in, or have any financial or other interest in or be otherwise commercially involved in any endeavor,
activity or business or which is in whole or in part competitive with any of the businesses carried on by the Corporation within the respective territories in which such businesses are then carried on (except for any equity share investment in a
public company whose shares are listed on a recognized stock exchange where such share investment does not in the aggregate exceed 5% of the issued equity shares of such company). 
  
 (3) The Employee shall not (without the prior written consent of the Corporation) while employed by Corporation and for
twelve (12) months after the termination of the Employee’s employment, for any reason, provided such termination occurs during the Term of 

  

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Employment, whether directly or indirectly, either alone or in conjunction with any individual, firm, corporation, association or other entity (except for
the Corporation), whether as a principal, agent, stockholder or in any other capacity whatsoever: 
  
 (a) solicit or attempt to solicit any customer or prospective customer for the purpose of (i) persuading or attempting to persuade any
such customer to cease doing business or to curtail the business which such customer or prospective customer has customarily conducted or contemplating conducting with the Corporation (including any subsidiary, including but not limited to ICS, or
any affiliated corporation), whether or not the relationship between the Corporation and such customer or prospective customer was originally established in whole or in part through the efforts of the Employee; or (ii) to solicit the business of
such customer or prospective customer in respect to any products or services which are competitive with the Corporation (including any subsidiary, including but not limited to ICS, or any affiliated corporation); or . 
  
 (b) solicit or attempt to solicit or assist any individual
or entity to solicit the employment or engagement of or otherwise entice away from the employment of the Corporation (including any subsidiary, including but not limited to ICS, or any affiliated corporation) any employee of the Corporation
(including any subsidiary, including but not limited to ICS, or any affiliated corporation). 
  
 (4) The parties hereto agree that any breach by the Employee of this Section 5.3 shall be deemed to cause the Corporation irreparable harm which cannot adequately be compensated for in damages and that the Corporation
in addition to all other remedies, shall be entitled to injunctive or other equitable relief to restrain such breach. 
  
 5.4 Cumulative Rights 
  
 The various rights and remedies of the Corporation hereunder are cumulative and non-exclusive of one another. The use of or resort to any one such right
or remedy shall not preclude or limit the exercise of any other right or remedy by the Corporation. The provisions of this Agreement shall not in any way limit or abridge the rights of the Corporation in the obligations of the Employee at common law
or under statue, including but not limited to the laws of unfair competition, copyright, trade secrets, and trade-mark, all of which shall be in addition to the Corporation’s rights and the Employee’s obligations under this Agreement. The
Employee acknowledges that the Employee is a fiduciary of the Corporation. 
  
 6. GENERAL 
  
 6.1 Effective Date 
  
 The Corporation and the Employee acknowledge that (i) this Agreement has
been entered into in anticipation of the completion of the proposed merger contemplated by the Merger Agreement; (ii) the effective date of this Agreement shall be the Effective Time; and (iii) this Agreement shall be of no force or effect if (x)
the Merger Agreement is not entered into as of a date one (1) month following the date hereof or (y) the Effective Time does not occur within 9 months from the date of the execution of the Merger Agreement. 
  

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 6.2 Sections and Headings 
  
 The division of this Agreement into Articles and Sections and the insertion of headings are for the convenience of reference
only and shall not affect the construction or interpretation of this Agreement. The terms “this Agreement”, “hereof”, “hereunder” and similar expressions refer to this Agreement and not to any particular Article,
Section or other portion hereof and include any agreement or instrument supplemental or ancillary hereto. Unless something in the subject matter or context is inconsistent therewith, references herein to Articles and Sections are to Articles and
Sections of this Agreement. 
  
 6.3 Number 
  
 In this Agreement words importing the singular number only shall include the
plural and vice versa and words importing the masculine gender shall include the feminine and neuter genders and vice versa and words importing persons shall include individuals, partnerships, associations, trusts, unincorporated organizations and
corporations and vice versa. 
  
 6.4 Benefit of Agreement

  
 This Agreement shall inure to the benefit of and be
binding upon the heirs, executors, administrators and legal personal representatives of the Employee and the successors and permitted assigns of the Corporation respectively. Notwithstanding anything to the contrary set forth herein, nothing in this
Agreement shall be deemed to impose on ICS any liabilities or obligations whatsoever. 
  
 6.5 Governing Law 
  
 This Agreement shall
be governed by and construed in accordance with the laws of California and the laws of California are applicable therein. The Corporation and the Employee each hereby attorn to the jurisdiction of the California courts in the County of Santa Clara.

  
 6.6 Resolution of Disputes 
  
 Any dispute or controversy arising under or in connection with this
Agreement may be settled by arbitration, conducted in Santa Clara County, California in accordance with the rules of the American Arbitration Association governing employment disputes as then in effect. The Corporation and Employee hereby agree that
the arbitrator will not have the authority to award punitive damages, damages for emotional distress or any other damages that are not contractual in nature. Judgment may be entered on the arbitrator’s award in any court having jurisdiction;
provided, however, that the Corporation shall be entitled to seek a restraining order or injunction in any court of competent jurisdiction to prevent any continuation of any violation of the provisions of Section 5, and Employee consents that such
restraining order or injunction may be granted without the necessity of the Corporation’s posting any bond except to the extent otherwise required by applicable law. Each party shall bear its own attorney’s fees and costs associated with
the preparation for arbitration. The fees and expenses of the American Arbitration Association and the arbitrator shall be borne by the Corporation. 
  

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 6.7 Entire Agreement 
  
 This Agreement, together with the separate Non-Disclosure and Proprietary Rights Agreement, Stock Option Agreement, or
similar agreements executed by the Employee in favor of the Corporation, constitutes the entire agreement between the parties with respect to the subject matter hereof and cancels and supersedes any prior understandings and agreements between the
parties hereto with respect thereto. All prior agreements between Employee and ICS are hereby terminated except those which by their nature survive termination of the employment relationship. There are no representations, warranties, forms,
conditions, undertakings or collateral agreements, express, implied or statutory between the parties other than as expressly set forth in this Agreement. 
  
 6.8 Severability 
  
 If any provision of this Agreement is determined to be invalid or unenforceable in whole or in part, such invalidity or unenforceability shall attach only
to such provisions or part thereof and the remaining part of such provisions and all other provisions hereof shall continue in full force and effect. 
  
 6.9 Independent Legal Advice 
  
 The Employee acknowledges that the Employee has read and understands this Agreement, and acknowledges that the Employee has had the opportunity to obtain
independent legal advice prior to execution of this Agreement. To the extent that the Employee fails to obtain independent legal advice, the Employee covenants that such failure will not be used by the Employee as a defense to the enforcement of the
provisions of the Agreement. 
  
 6.10 Copy of Agreement 

 
 The Employee hereby acknowledges receipt of a copy of this Agreement duly
signed by the Corporation. 
  
 6.11 Notice 
  
 Any demand, notice or other communication (hereinafter in this Section 6.11
referred to as a “Communication”) to be given in connection with this Agreement shall be given by personal delivery or transmitted by telecopier or other form of recorded communication, tested prior to transmission to such party, addressed
to the recipient as follows: 
  
 To the Employee at the address
provided below by Employee. 
  

			
	To the Corporation at:	 	2975 Stender Way
	 	 	Santa Clara, California 95054
	 	 	Attention: Vice President, Human Resources

  

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 or such other address or individual as may be designated by notice by either party to the other. Any communication given
by personal delivery shall be conclusively deemed to have been given on the day of actual delivery thereof and, if made or given by or transmitted by telecopier or other form of recorded communication shall be deemed to have been given and received
on the date of its transmission provided that if such date is not a business day or if it is received after the end of normal business hours on the date of its transmission then it shall be deemed to have been given and received at the opening of
business in the office of the addressee on the first business day next following the transmission hereof. For the purposes of this Agreement, a business day shall mean any day other than a Saturday or Sunday. Any party may change its address for
service from time to time by giving seven (7) days notice to the other party in accordance with the foregoing. 
  
 6.12 Assignment 
  
 Except as otherwise expressly provided herein, neither this Agreement nor any rights or obligations shall be assignable by either party without the prior written consent of the other party hereto. 
  
 6.13 Amendment and Waiver 
  
 No supplement, modification, amendment or waiver of this Agreement shall be
binding unless executed in writing by both parties. No waiver of any of the provisions of this Agreement shall constitute a waiver of any other provision (whether or not similar) nor shall any waiver constitute a continuing waiver unless otherwise
expressly provided. 
  
 6.14 Withholding 
  
 All payments and benefits described herein will be subject to applicable
withholding taxes. 
  
 6.15 Counterparts 
  
 This Agreement may be executed by the parties in one or more counterparts,
each of which when executed and delivered shall be deemed to be an original and such counterparts shall together constitute one and the same instrument. 
  
 IN WITNESS WHEREOF the parties have executed this Agreement. 
  

			
	 /s/ Randall Frederick

	Randall Frederick
	Employee Address:
	
	Integrated Device Technology, Inc.
		
	By:	 	 /s/ Gregory Lang

	 	 	Gregory Lang, Chief Executive Officer

  

 13Exclusive License Agreement

 Exhibit 10.1 
  
 EXCLUSIVE LICENSE AGREEMENT 
  
 THIS IS AN
EXCLUSIVE LICENSE AGREEMENT (“Agreement”) entered into this 30th day of June, 2005 (the “Effective Date”), by and among KNOLL
VENTURES, INC. (“Knoll”), a Canadian corporation with a place of business at
                                , and DDS TECHNOLOGIES USA,
INC. (“DDS”), a Delaware corporation with a place of business at 150 East Palmetto Park Road, Suite 510, Boca Raton, FL 33432. 
  
 RECITALS 
  

	 	A.	DDS is the owner of certain rights with respect to dry disaggregation technology products; 

  

	 	B.	Knoll has identified a market for such products, and wishes to expand such market; 

  

	 	C.	Knoll wishes to obtain an exclusive license with respect to such DDS technology for purposes of processing and extraction of metals and other materials from mining, mine waste or
tailings within North America; and 

  

	 	D.	DDS wishes to grant such a license on the terms and conditions set forth below. 

  
 NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereby agree as follows: 
  
 AGREEMENT 
  
 1. Definitions. Capitalized
terms used in this Agreement shall have the following meanings: 
  
 “AAA” shall have the meaning assigned to it in Subsection 14.3 (“Arbitration”). 
  
 “Authorized Purpose” shall mean the operation of Machines and Enhanced Machines solely to process and/or extract metals and other materials from mines,
mine waste or tailings physically located in the Authorized Territory. 
  
 “Authorized Territory” shall mean, subject to Subsection 2.4 (“Exclusivity and Additional Territory”), collectively the United States of America, Canada and Mexico. 
  
 “Claims” shall have the meaning assigned to it in SECTION 12
(“INDEMNITY”). 
  
 “Confidential
Information” shall have the meaning assigned to it in SECTION 8 (“CONFIDENTIAL INFORMATION”). 
  
 “Disclosing Party” shall have the meaning assigned to it in SECTION 8 (“CONFIDENTIAL
INFORMATION”). 
  
 “Effective Date” shall
have the meaning assigned to it in the first paragraph of this Agreement. 
  
 “Enhanced Machines” shall have the meaning assigned to it in Subsection 4.1 (“Enhancements”). 
  
 “Enhancements” shall have the meaning assigned to it in Subsection 4.1 (“Enhancements”). 

 “Indemnified Party” shall have the meaning assigned to it in SECTION 12
(“INDEMNITY”). 
  
 “Indemnifying Party”
shall have the meaning assigned to it in SECTION 12 (“INDEMNITY”). 
  
 “Machines” shall mean DDS machines as exist as of the Effective Date. 
  
 “New Country Fee Records” shall have the meaning assigned to it in Subsection 6.3 (“Audit”). 
  
 “New Country Fees” shall have the meaning assigned to it in Subsection 6.1
(“New Country Fees”) 
  
 “Patents” shall mean patents,
utility models and applications therefor, including any and all divisionals, continuations, re-examinations, renewals, provisionals, continuations-in-part, or re-issues owned or licensable by DDS (including without limitation U.S. Pat. No.
6,848,582), and which are in existence as of the Effective Date or which come into existence at any time thereafter and embody any Trade Secrets, and including any and all Enhancements. 
  
 “Receiving Party” shall have the meaning assigned to it in SECTION 8 (“CONFIDENTIAL
INFORMATION”). 
  
 “Royalties” shall have the
meaning assigned to it in Subsection 5.1 (“Royalties”). 
  
 “Sulfur Agreement” shall mean that certain “Exclusive License Agreement” by and among Knoll, DDS and Sulfur Solutions, Inc., a wholly-owned subsidiary of Knoll, and entered into on or around February 18,
2005. 
  
 “Sulfur Solutions” shall mean Sulfur Solutions,
Inc., a wholly-owned subsidiary of Knoll, for whom Knoll shall be deemed an agent for purposes of this Agreement. 
  
 “Term” shall have the meaning assigned to it in SECTION 7 (“TERM, TERMINATION AND
EXTENSION”). 
  
 “Trade Secrets” shall mean
all ideas, concepts, know-how, formulas, techniques, procedures, and other non-public information regarding the use or operation of Machines or Enhanced Machines on or before the Effective Date, including without limitation materials described as
such in EXHIBIT A (“TRADE SECRETS”), and including any and all Enhancements. 
  
 2. TRADE SECRET AND PATENT LICENSES. 
  
 2.1 Trade Secrets. Subject to Knoll’s performance hereunder,
including without limitation the timely payment of Royalties, DDS hereby grants to Knoll solely during the Term, the following licenses: 
  
 A. an exclusive (both as to DDS and all third parties, and subject to Subsection 2.4(A) (“Exclusivity”)), transferable (as
described in Subsection 14.10 (“Assignment”)), Royalty-bearing license (with the right to grant sublicenses), to use such Trade Secrets solely for the Authorized Purpose; and 
  
 B. a non-exclusive, transferable (as described in Subsection 14.10
(“Assignment”)), Royalty-bearing license (with the right to grant sublicenses) to sell metals and other materials which are derived pursuant to Subsection 2.1(A) to third parties outside the Authorized Territory. 

 2.2 Patents. Subject to Knoll’s performance hereunder, including without limitation the
timely payment of Royalties, DDS hereby grants to Knoll solely during the Term and solely in the Authorized Territory, the following licenses: 
  
 A. an exclusive (both as to DDS and all third parties, and subject to Subsection 2.4(A) (“Exclusivity”)), Royalty-bearing license
(with the right to grant sublicenses), solely for the Authorized Territory, to use the Patents, and practice any claims thereof, solely for the Authorized Purpose; and 
  
 B. a non-exclusive, transferable (as described in Subsection 14.10 (“Assignment”)), Royalty-bearing
license (with the right to grant sublicenses) to sell metals and other materials derived pursuant to Subsection 2.2(A) to third parties outside the Authorized Territory. 
  
 2.3 Enhancements. With respect to any future Trade Secrets or Patents regarding any Enhancements which shall be owned
by DDS as described in Subsection 4.1 (“Enhancements”), the licenses described in Subsection 2.1 (“Trade Secrets”) and in Subsection 2.2 (“Patents”) shall apply to such Trade Secrets
and Patents, subject to all of the applicable terms and conditions set forth herein or in this Agreement. 
  
 2.4 Exclusivity and Additional Territory. 
  
 A. Exclusivity. The parties understand and agree that, subject to Knoll’s performance under this Agreement and subject to Subsection
2.4(B) (“Additional Territory”), DDS shall not grant any licenses or sublicenses to any third parties with respect to any Patents or Trade Secrets to allow such third parties to process and/or extract metals and other materials
from mining, mine waste or tailings anywhere in the world for a period of three (3) years from the Effective Date. 
  
 B. Additional Territory. At the end of the three (3) year period described in Subsection 2.4(A) (“Exclusivity”), Knoll shall be
entitled to add such countries and regions in which Knoll has established a significant commercial presence (with respect to the processing and/or extraction of metals and other materials from mining, mine waste, tailings or other feed stock
pursuant to this Agreement) to the Authorized Territory as Knoll may wish upon written notice to DDS given no later than sixty (60) days after the end of such three (3) year period, subject, however, to all of the terms and conditions set forth in
this Agreement. The parties understand and agree that thereafter the provisions of Subsection 2.4(A) (“Exclusivity”) shall no longer apply outside the Authorized Territory as such Authorized Territory may have been added to as
hereinabove provided, but that the obligation of Knoll to pay New Country Fees to DDS as described in Subsection 6.2 (“Payment”) shall apply. The addition of such countries and regions by Knoll shall be at no additional cost to
Knoll but shall also be subject to the Royalty obligations set forth herein. 
  
 2.5 Sublicenses. All sublicenses granted by Knoll as provided in this SECTION 2 (“TRADE SECRET AND PATENT
LICENSES”) shall be in a commercially reasonable, legally enforceable and written form, and shall be no less protective of DDS’s rights (including without 

 limitation DDS’s rights with respect to its Confidential Information”) than this Agreement. Knoll shall
identify all sublicensees to DDS promptly and in writing, and shall ensure that such sublicensees are at all times in full compliance with the terms of such sublicense agreements. 
  
 3. SALE OF MACHINES. 
  
 3.1 Sulfur Agreement. The parties acknowledge that, as of the
Effective Date, DDS has contracted to deliver to Knoll and Sulfur Solutions certain Machines pursuant to the Sulfur Agreement, and that such Machines shall be subject to the terms of both the Sulfur Agreement and this Agreement; provided, however,
that in the event of a conflict between the terms thereof, the terms of this Agreement shall prevail, and that further that Machines under this Agreement shall in no event include those described in Subsection 3.2 (“Initial Machine
Sale”) of the foregoing Sulfur Agreement. 
  
 3.2
Sample. The parties further acknowledge that, as of the Effective Date, Knoll has delivered to DDS a small sample of mining waste for examination and inspection by DDS for testing in a Machine pursuant to the licenses granted to Knoll in
SECTION 2 (“TRADE SECRET AND PATENT LICENSES”). 
  
 4. ENHANCEMENTS. 
  
 4.1 Enhancements. Knoll will operate one (1) or more Machines located at its premises in Calgary, Alberta, Canada for
the Authorized Purpose and shall evaluate the performance thereof for no longer than sixty (60) days from the Effective Date. As a result of such evaluation Knoll may recommend to DDS certain improvements, enhancements and customizations thereto
which are in Knoll’s reasonable judgment necessary or desirable to improve the performance of such Machine (collectively, “Enhancements”). Such Enhancements shall belong solely to DDS, and Knoll shall take all steps, both during and
after the Term, reasonably required by DDS to assign all rights therein to DDS (with DDS to promptly reimburse Knoll for its reasonable, out of pocket costs in connection therewith), and to properly document and record such ownership and assignment.
At such time as any of the Enhancements are incorporated into a Machine, such Machine shall be referred to as an “Enhanced Machine.” 
  
 4.2 Use of Machines and Enhanced Machines. Knoll shall agree that it shall not, to the extent permitted by law or good commercial practice, use, or
permit or encourage the use of, Machines or Enhanced Machines purchased by Knoll for any purpose other than the Authorized Purpose. 
  
 4.3 Buy Back Rights. In the event of any expiration or termination of this Agreement, or prior to any contemplated sale, lease, license,
consignment or any other transfer of any Machine or Enhanced Machine by Knoll to any third party, Knoll shall give no less than forty-five (45) days’ written notice thereof to DDS, and shall afford DDS the opportunity to purchase all or some of
such Machines or Enhanced Machines (at DDS’s discretion) ***. In the event that DDS declines to purchase any such Machines or Enhanced Machines, Knoll may proceed with the foregoing sale, lease, license, consignment or other transfer of such
Machines or Enhanced Machines. The parties understand and agree that any agreements for sale of Machines or Enhanced Machines to third parties (including without limitation any sublicensees of Knoll) by DDS shall contain an analogous “buy
back” provision; provided; however, that it shall not be an obligation of Knoll hereunder to arrange for the re-sale or return of such Machines or Enhanced Machines to DDS. 

 5. ROYALTIES AND PAYMENT. 
  
 5.1 Royalties. In addition to payment for the purchase of Machines
and Enhanced Machines, Knoll shall also pay to DDS certain royalties (“Royalties”) to be calculated as follows, based on amounts paid to Knoll by third parties for metals or other materials which are produced using such Machines or
Enhanced Machines, or for sublicenses or other rights granted pursuant to this Agreement: 
  
 A. Where Knoll uses Machines or Enhanced Machines to process mine waste or tailings for the extraction of metals and other materials, the Royalty paid to DDS shall be based on a percentage of gross revenue
received by Knoll in connection therewith, to be calculated as follows: ***; and 
  
 B. Where Knoll grants any sublicenses of any rights hereunder, the Royalty shall be calculated as follows based upon all revenues received by Knoll in connection therewith: 
  

			
	 PERCENTAGE

	  	NUMBER OF AFFECTED MACHINES

	 ***
	  	***
	 ***
	  	***
	 ***
	  	***

  
 5.2 Sublicensees.
The Royalty obligation described herein shall, in every case, remain an obligation of each sublicensee, purchaser, assignee or other party or customer with whom Knoll shall enter into a transaction in which there is any direct or indirect grant
of any DDS rights, by sublicense or otherwise, and the parties acknowledge that it is their mutual intention that Royalties to be paid to DDS will be substantially the same, regardless of whether sulfur or sulfur derivatives are processed by Knoll
or by a sublicensee. To the extent that an adjustment in Royalty calculation shall be necessary in order to achieve such intention, the parties shall cooperate and negotiate in good faith to adjust the Royalty calculation accordingly.

  
 5.3 Payment. Knoll shall pay Royalties to DDS on a
calendar quarterly basis, thirty (30) days in arrears. Each payment of Royalties shall be accompanied by written documentation sufficient to explain to DDS’s reasonable satisfaction the amount and calculation of such Royalties. Knoll shall also
provide on an annual basis a comprehensive, written report, certified as accurate by Knoll’s independent accountants, describing all Royalties due and paid, and the calculation thereof. 
  
 5.4 Audit. Knoll shall also maintain at all times written records of
all metals and other materials sold, or contracted for sale, by or on behalf of Knoll pursuant to this Agreement in a form and format reasonably required by DDS (collectively, “Records”). Knoll shall maintain such Records solely at Lawson
Lundell LLP 3700, 205 – 5th Avenue S.W., Calgary, 

 Alberta T2P 2V7 and shall make such Records available for audit by DDS, or DDS’s accountants and representatives,
upon reasonable notice (in no event less than two (2) nor more than five (5) business days’ notice). DDS shall conduct such an audit no more frequently than two (2) times each calendar year. In the event that any such audit reveals an
underpayment of Royalties, Knoll shall immediately pay the amount of such underpayment plus interest thereon calculated at one and one-half percent (1.5%) of all owed and unpaid Royalties, or the highest rate allowed by law, whichever is lower.
Where such audit reveals an underpayment of more than five percent (5%), and Knoll shall also reimburse DDS for its out of pocket expenses in connection with such audit. Knoll shall maintain all such Records for no less than five (5) years following
the expiration or termination of this Agreement. 
  
 5.5
Currency. All amounts owed or paid under this Agreement by Knoll, including without limitation under the Purchase Agreement, and any and all Royalties, shall be calculated and paid in the local currency where any corresponding amounts were
originally paid to Knoll. 
  
 6.
NEW COUNTRY FEES AND PAYMENT. 
  
 6.1 New Country Fees. After the end of the three (3) year period described in Subsection 2.4(A) (“Exclusivity”), as to any amounts
received by Knoll from third parties with respect to any licenses or sublicenses to any third parties with respect to any Patents or Trade Secrets to allow such third parties to process and/or extract metals and other materials from mine waste or
tailings outside the Authorized Territory (as such Authorized Territory may have been added to pursuant to Subsection 2.4(B) (“Additional Territory”)) certain fees (“New Country Fees”) shall be paid to DDS as follows, and
shall be considered Royalties. 
  
 A. Where Knoll uses
Machines or Enhanced Machines to process mine waste or tailings to extract metals or other materials, the New Country Fee paid to DDS shall be based on a percentage of gross revenue received by Knoll in connection therewith, to be calculated as
follows: ***; and 
  
 B. Where Knoll grants any
sublicenses of any rights hereunder, the New Country Fee shall be *** in connection therewith. 
  
 6.2 Payment. Knoll shall pay New Country Fees to DDS on a calendar quarterly basis, thirty (30) days in arrears. Each payment of New Country Fees shall be accompanied by written documentation sufficient to
explain to DDS’s reasonable satisfaction the amount and calculation of such New Country Fees. Knoll shall also provide on an annual basis a comprehensive, written report, certified as accurate by Knoll’s independent accountants, describing
all New Country Fees due and paid, and the calculation thereof. 
  
 6.3 Audit. Knoll shall also maintain at all times written records of all metals and other materials sold, or contracted for sale, by or on behalf of Knoll pursuant to this Agreement in a form and format reasonably required by Knoll
(collectively, “New Country Fee Records”). Knoll shall maintain such New Country Fee Records at Lawson Lundell LLP 3700, 205 – 5th Avenue S.W., Calgary, Alberta T2P 2V7, and shall make such New Country Fee Records available for audit by DDS, or DDS’s accountants and authorized representatives, upon reasonable notice (in no
event less than two (2) nor more than five (5) business days’ notice). Knoll shall conduct such an audit no more frequently than two (2) times each calendar year. In 

 the event that any such audit reveals an underpayment of New Country Fees, Knoll shall immediately pay the amount of such
underpayment plus interest thereon calculated at one and one-half percent (1.5%) of all owed and unpaid New Country Fees, or the highest rate allowed by law, whichever is lower. Where such audit reveals an underpayment of more than five percent
(5%), Knoll shall also reimburse DDS for its out of pocket expenses in connection with such audit. Knoll shall maintain all such New Country Fee Records for no less than five (5) years following the expiration or termination of this Agreement.

  
 6.4 Currency. All amounts owed or paid under this
Agreement by Knoll, including without limitation any and all New Country Fees, shall be calculated and paid in the local currency where any corresponding amounts were originally paid to Knoll. 
  
 7. TERM, TERMINATION
AND EXTENSION. 
  
 7.1 Term.
The term of this Agreement (“Term) shall be five (5) years, subject to earlier termination and extension as hereinbelow provided. 
  
 7.2 Termination. Either party may terminate this Agreement for the material breach of the other party which breach has remained uncured for thirty
(30) days after notice thereof. 
  
 7.3 Extension. In the
event that Knoll has paid Royalties in each year and has also has not at any time been called in material breach of this Agreement pursuant to Subsection 7.2 (“Termination”), Knoll shall have the right to extend this Agreement for
up to one (1) additional five (5) year period (which period shall be deemed part of the Term), provided the Royalty paid by Knoll to DDS in the fifth year of the first five years of the original Term shall be *** per each Machine and Enhanced
Machine per year on an annualized basis. 
  
 7.4 Effect. In
the event of any expiration or termination of this Agreement, all licenses granted by DDS hereunder shall immediately terminate, each party shall immediately return to the other party such other party’s Confidential Information as described in
Subsection 8.5 (“Return of Confidential Information”), and the provisions of Subsection 4.3 (“Buy Back Rights”) shall continue to apply. 
  
 8. CONFIDENTIAL INFORMATION. 
  
 8.1 Description. Each party (the “Disclosing Party”) may
from time to time during the Term of this Agreement disclose to the other party (the “Receiving Party”) certain non-public information regarding the Disclosing Party’s business, including technical, marketing, financial, personnel,
planning, and other information (“Confidential Information”). The Disclosing Party shall mark all such Confidential Information in tangible form with the legend ‘confidential’, ‘proprietary’, or with similar legend.
With respect to Confidential Information disclosed orally, the Disclosing Party shall describe such Confidential Information as such at the time of disclosure, and shall confirm such Confidential Information as such in writing within thirty (30)
days after the date of oral disclosure. The Trade Secrets and any other non-public information regarding Machines or Enhanced Machines shall, however, be considered the Confidential Information of DDS regardless of whether so marked or confirmed.

  
 8.2 Confidential Nature of Terms of Agreement. Each
party agrees not to disclose the terms of this Agreement to any third party except as required by law or regulation, in order to enforce such party’s rights hereunder, or under obligation of confidence to advisors, attorneys, accountants, or
investment professionals. 

 8.3 Protection of Confidential Information. Except as expressly permitted by this Agreement
including without limitation in SECTION 2 (“TRADE SECRET AND PATENT LICENSES”), the Receiving Party shall not disclose the Confidential
Information of the Disclosing Party, and shall not use the Confidential Information of the Disclosing Party for any purpose not expressly permitted by this Agreement. Subject to the foregoing, the Receiving Party shall limit the disclosure of the
Confidential Information of the Disclosing Party to the employees, professional advisors or agents of the Receiving Party who have a need to know such Confidential Information for purposes of this Agreement, and who are, with respect to the
Confidential Information of the Disclosing Party, bound in writing (or by statute or regulations) by confidentiality terms no less restrictive than those contained herein. The Receiving Party shall provide copies of such written agreements to the
Disclosing Party upon request; provided, however, that such agreement copies shall themselves be deemed the Confidential Information of the Receiving Party. 
  
 8.4 Exceptions. Notwithstanding anything herein to the contrary, Confidential Information shall not be deemed to include any information which, as
evidenced by the Receiving Party’s written records: (a) was already lawfully known to the Receiving Party at the time of disclosure by the Disclosing Party as reflected in the written records of the Receiving Party; (b) was or has been
disclosed by the Disclosing Party to a third party without obligation of confidence; (c) was or becomes lawfully known to the general public without breach of this Agreement; (d) is independently developed by the Receiving Party without access to,
or use of, the Confidential Information; (e) is approved in writing by the Disclosing Party for disclosure by the Receiving Party; (f) is required to be disclosed in order for the Receiving Party to enforce its rights under this Agreement; or (g) is
required to be disclosed by law or by the order or a court or similar judicial or administrative body; provided, however, that the Receiving Party shall notify the Disclosing Party of such requirement immediately and in writing, and shall cooperate
reasonably with the Disclosing Party, at the Disclosing Party’s expense, in the obtaining of a protective or similar order with respect thereto. 
  
 8.5 Return of Confidential Information. The Receiving Party shall return to the Disclosing Party, destroy or erase all Confidential Information of
the Disclosing Party in tangible form: (a) upon the written request of the Disclosing Party (except with respect to the Trade Secrets or other Confidential Information of which the Receiving Party is entitled to continued possession under the
terms of this Agreement); or (b) upon the expiration or termination of this Agreement, whichever comes first, and in both cases, the Receiving Party shall certify promptly and in writing that it has done so. 
  
 9. TECHNICAL SUPPORT
AND CUSTOMIZATIONS. 
  
 9.1 End
Users. Knoll shall be responsible for all marketing and sales of metals and other materials which are derived pursuant to Subsection 2.1(A) or Subsection 2.2(A) to third parties (or for operating as a “toll processor”
with respect thereto), and all related customer support and assistance, and shall do so in a diligent and honest manner. In no event shall Knoll direct any Knoll customer to contact DDS, and DDS shall direct all such customers to Knoll
instead. 

 9.2 Technical Support. DDS shall provide technical support and consultation, up to a maximum of
one hundred (100) person-hours per year, with respect to Machines and Enhanced Machines each calendar year at times and places as may be reasonably agreed to by the parties, and which may include telephone, video conference or in-person meetings.
Any out of pocket expenses of DDS in connection therewith, including without limitation any reasonable travel and living expenses, shall be reimbursed by Knoll. Any additional technical support services by DDS shall be agreed to separately by the
parties, and shall be paid for by Knoll at rates no higher than DDS’s normal commercial rates. 
  
 9.3 Customizations. Subject to Subsection 4.1 (“Enhancements”), any other modifications, changes, updates, or enhancements of or
to Machines or Enhanced Machines which are proposed, invented, conceived, reduced to practice or requested by Knoll shall be owned exclusively by DDS, and Knoll shall disclose all of the foregoing promptly to DDS, and shall take all steps reasonably
required by DDS to assign all rights therein to DDS, and to properly document and record such ownership and assignment. Knoll shall be free to apply such modifications, changes, updates or enhancements to Machines or Enhanced Machines upon notice to
(but not necessarily permission from) DDS; provided, however, that the Knoll understands and agrees that the foregoing may affect (or eliminate) any warranty remedy Knoll would otherwise be eligible for pursuant to Subsection 11.2 (“By
DDS”), and provided further that the foregoing shall be subject to SECTION 12 (“INDEMNITY AND GUARANTY”). 
  
 10. LIMITATION OF LIABILITY.
OTHER THAN FOR A BREACH OF SECTION 8 (“CONFIDENTIAL INFORMATION”), OR FOR AN EXCEEDING OF THE SCOPE OF THE LICENSES GRANTED HEREUNDER, NEITHER PARTY SHALL BE LIABLE TO THE OTHER PARTY OR ANY OTHER PARTY FOR ANY LOSS OF USE,
INTERRUPTION OF BUSINESS OR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE OR CONSEQUENTIAL DAMAGES OF ANY KIND (INCLUDING LOST PROFITS) REGARDLESS OF THE FORM OF ACTION SEEKING SUCH DAMAGES (WHETHER IN CONTRACT, TORT, INCLUDING NEGLIGENCE, STRICT
PRODUCT LIABILITY OR OTHERWISE), EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. 
  
 11. REPRESENTATIONS AND WARRANTIES. 
  
 11.1 By Knoll. Knoll hereby represents and warrants, to and for the
benefit of DDS and its parent, subsidiaries, shareholders, customers, affiliates, agents and assigns, as of the Effective Date, throughout the Term and thereafter, as follows: 
  
 A. Knoll has conducted its own thorough inquiry into the details and operation of the Machine and the intellectual
property to be licensed under this Agreement; 
  
 B. Knoll
possesses sufficient technical skill, experience and knowledge to conduct such an inquiry in a meaningful and effective way; 
  
 C. DDS has cooperated with Knoll and has provided Knoll such information and documentation as Knoll has requested in the course of such inquiry;

  
 D. Knoll acknowledges that DDS has no responsibility
for the selection of the Machine by Knoll or its suitability, or the suitability of the foregoing intellectual property, for use in Knoll’s business; and 

 E. Knoll and it sublicensees shall ensure that all Machines and Enhanced Machines are operated
solely for the Authorized Purpose, in a commercially reasonable and safe manner, and so as not to cause injury or damages to persons or real or tangible personal property. 
  
 11.2 By DDS. DDS hereby warrants that Machines and Enhanced Machines as delivered to Knoll pursuant to the Purchase
Agreement shall be materially free from defects in materials and workmanship in normal use for twelve (12) months from the date of original delivery thereof by DDS to Knoll. In the event of any such defects in any Machine or Enhanced Machine, Knoll
shall promptly notify DDS, and DDS shall, at its option, use its commercially reasonable efforts to repair or replace such Machine or Enhanced Machine. The foregoing states DDS’s sole liability and Knoll’s sole remedy, for any breach of
warranty under this Agreement. 
  
 11.3 Disclaimer. EXCEPT
AS EXPRESSLY STATED IN SUBSECTION 11.2 (“BY DDS”), ALL MACHINES, ENHANCED MACHINES, AND ALL OTHER DELIVERABLE ITEMS UNDER THIS AGREEMENT ARE PROVIDED ON AN “AS IS” BASIS, WITHOUT ANY WARRANTY WHATSOEVER, AND DDS HEREBY DISCLAIMS
ALL OTHER WARRANTIES, INCLUDING WITHOUT LIMITATION ANY IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT. 
  
 12. INDEMNITY. Each party (the “Indemnifying Party”) agrees to indemnify, defend and hold harmless the other party (the “Indemnified
Party”) from and against all claims, demands, threats, suits or proceedings (collectively, “Claims”), and all losses, arising from any injury or damages to persons or real or tangible personal property arising from the conduct of the
Indemnifying Party in the course of the performance of this Agreement. In the event of any such Claim, the Indemnified Party shall promptly notify the Indemnifying Party, and shall cooperate reasonably with the Indemnifying Party (at the
Indemnifying Party’s expense) in the defense or settlement of such Claim. 
  
 13. SURVIVAL AND ORDER OF PRECEDENCE. In the event of any expiration or termination of this Agreement, the provisions of
SECTION 1 (“DEFINITIONS”), Subsection 4.3 (“Buy Back Rights”), Subsection 5.4 (“Audit”), Subsection 6.3 (“Audit”), Subsection 7.4 (“Effect”), SECTION 8
(“CONFIDENTIAL INFORMATION”), SECTION 10 (“LIMITATION OF LIABILITY”), SECTION 11 (“REPRESENTATIONS
AND WARRANTIES”), SECTION 12 (“INDEMNITY”), SECTION 13 (“SURVIVAL AND ORDER OF
PRECEDENCE”) and SECTION 14 (“GENERAL”) shall survive and shall continue to bind the parties. In the event of any conflict between the terms of this Agreement and the terms of any
exhibit, the terms of the exhibit shall control. 
  
 14. GENERAL.

  
 14.1 Governing Law. This Agreement shall be governed
in all respects by the laws of the United States of America and the State of Florida without regard to conflicts of law principles. The parties agree that the United Nations Convention on Contracts for the International Sale of Goods is specifically
excluded from application to this Agreement. Subject to Subsection 14.3 (“Arbitration”), the state and federal courts located in Palm Beach County, Florida, shall have sole jurisdiction over any disputes arising hereunder, and the
parties hereby consent to the personal jurisdiction of such courts. 

 14.2 Attorneys’ Fees. In the event any proceeding or lawsuit is brought by any party in
connection with this Agreement, the prevailing party in such proceeding shall be entitled to receive its costs, expert witness fees and reasonable attorneys’ fees, including costs and fees on appeal. 
  
 14.3 Arbitration. Any dispute or controversy arising out of or
relating to this Agreement shall be settled by binding arbitration in accordance with the Rules of the American Arbitration Association (“AAA”) in the State of Florida, subject to the laws of that state, other than its conflicts of
law principles. A single arbitrator engaged in the practice of law, who is knowledgeable about intellectual property transactions, shall conduct the arbitration. The arbitrator shall be selected in accordance with AAA procedures from a list of
qualified people maintained by AAA. The arbitration shall be conducted in Boca Raton, Florida. There shall be no discovery other than the exchange of information which is provided to the arbitrator by the parties. The power of the arbitrator to
fashion procedures and remedies within the scope of this Agreement is recognized by the parties as essential to the success of the arbitration process. Written reasons for the arbitrator’s decisions should be complete and explicit, but limited
to only those issues necessary to support the award. The written reasons should include the basis for any damages awarded and a statement of how the damages were calculated. Each party shall bear its costs and attorney’s fees of any
arbitration. The arbitrator shall assess his or her costs, fees and expenses against the party losing the case unless the arbitrator believes that neither party is the clear loser, in which case the arbitrator shall divide such fees, costs and
expenses according to his or her sole discretion. The arbitrator’s decision and award shall be final and binding, and judgment upon the award rendered by the arbitrator may be entered in any court having jurisdiction thereof. Any duty to
arbitrate under this Agreement shall remain in effect and enforceable after termination of this Agreement for any reason. 
  
 14.4 Notices. All notices or reports permitted or required under this Agreement shall be in writing and shall be delivered by personal delivery,
facsimile, or by certified or registered mail, return receipt requested, and shall be deemed given: (i) upon personal delivery; (ii) the next day following the date of transmittal when transmitted by facsimile; (iii) or five (5)
business days after deposit in the mail. Notices shall be sent to the parties at the addresses described on the first page of this Agreement or such other address as either party may designate for itself in writing. Notices to DDS shall include a
copy sent to: John E. Cummerford, Esq., Greenberg Traurig, 2375 E. Camelback Road, Suite 700, Phoenix, AZ 85016. Notices to Knoll shall include a copy sent to John R. Houghton Professional Corp. c/o Lawson Lundell LLP 3700, 205 – 5th Avenue S.W., Calgary, Alberta T2P 2V7. 
  
 14.5 No Agency. Nothing contained herein shall be construed as creating any agency, partnership, or other form of
joint enterprise between the parties. 
  
 14.6 Force Majeure.
Neither party shall be liable hereunder by reason of any failure or delay in the performance of its obligations hereunder on account of strikes, shortages, riots, insurrection, fires, flood, storm, explosions, acts of God, war, governmental
action, labor conditions, earthquakes, material shortages or any other cause which is beyond the reasonable control of such party. 
  
 14.7 Waiver. The failure of either party to require performance by the other party of any provision hereof shall not affect the full right to
require such performance at any time thereafter; nor shall the waiver by either party of a breach of any provision hereof be taken or held to be a waiver of the provision itself. 

 14.8 Severability. In the event that any provision of this Agreement shall be unenforceable or
invalid under any applicable law or be so held by applicable court decision, such unenforceability or invalidity shall not render this Agreement unenforceable or invalid as a whole, and, in such event, such provision shall be changed and interpreted
so as to best accomplish the objectives of such unenforceable or invalid provision within the limits of applicable law or applicable court decisions. 
  
 14.9 Headings. The section headings appearing in this Agreement are inserted only as a matter of convenience and in no way define, limit, construe,
or describe the scope or extent of such section or in any way affect this Agreement. 
  
 14.10 Assignment. Neither party shall assign any rights or obligations under this Agreement, either in whole or in part, without the prior, written consent of the other party, which consent shall not be
unreasonably withheld. DDS shall, however, have the right to assign this Agreement in whole to a third party that acquires, is acquired by, merges with, or engages in a similar transaction with DDS. Knoll shall be entitled to assign the benefit of
this Agreement to a company yet to be incorporated for the purposes of the transactions contemplated in this exclusive license agreement. 
  
 14.11 Brokers. Except with respect to the parties’ obligations to the Terrier Group, LLC, which obligations shall be addressed through
separate negotiations by each party with the Terrier Group, LLC, each party hereby represents that it has not used the services of any broker or similar party in the connection therewith, and that there are no brokers’ fees, sales commissions
or similar payments owed by such party. 
  
 14.12
Injunction. Notwithstanding the provisions of Subsection 14.3 (“Arbitration”), either party shall be free to seek injunctive relief were available in any court of competent jurisdiction. 
  
 14.13 Counterparts. This Agreement may be executed simultaneously in
two or more counterparts, each of which will be considered an original, but all of which together will constitute one and the same instrument. 
  
 14.14 No Construction. This Agreement is the product of negotiations between the parties and their respective counsel, has been jointly drafted,
and shall not be construed for or against either party. 
  
 14.15 Entire Agreement. This Agreement together with the exhibits hereto completely and exclusively states the agreement of the parties regarding its subject matter, and supersedes, and its terms govern, all prior proposals,
agreements, or other communications between the parties, oral or written, regarding such subject matter. This Agreement shall not be modified except by a subsequently dated written amendment signed on behalf of each of the parties.

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their duly
authorized representatives. 
  

							
	 DDS TECHNOLOGIES USA, INC.
	 	KNOLL VENTURES INC.
				
	 BY:
	 	 /S/ SPENCER STERLING

	 	BY:	 	 /S/ RICHARD KNOLL

	 NAME:
	 	SPENCER STERLING	 	NAME:	 	RICHARD KNOLL
	 TITLE:
	 	 	 	TITLE:	 	 
	 DATE:
	 	 	 	DATE:	 	 

 EXHIBIT A 
 TRADE SECRETS 
  

	1.	Canadian Pat. Appl. No. [No Number Yet Assigned] 

  

	2.	Mexican Pat. Appl. No. PA/a/2004/011713

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