Document:

Exhibit 10.38

 

THE
USE OF THE FOLLOWING NOTATION IN THIS EXHIBIT INDICATES THAT THE CONFIDENTIAL PORTION HAS BEEN OMITTED PURSUANT TO ITEM 601(b)(10)(iv)
WHEREBY CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE COMPETITIVE HARM IF PUBLICLY
DISCLOSED: [***] 

 

	Supply
    Agreement

 

BETWEEN
THE UNDERSIGNED

 

AIRSPAN
NETWORKS INC.

 

A
Delaware corporation having its office at 777 Yamato Road Suite 310 Boca Raton Florida 33431 USA

Hereinafter referred to as “Purchaser”

 

 

AND

 

 

HON
HAI PRECISION IND. CO., LTD.

 

 

A
Taiwan corporation having its registered office at 5F-1, 5 Hsin-An Road, Hsinchu City 300,

Science-Based Industrial Park, Taiwan

Hereinafter referred to as “Foxconn”

 

 

 

Purchaser
and Foxconn hereby will be referred to individually as the “Party” or collectively as the “Parties”.

 

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    Foxconn PROPRIETARY & CONFIDENTIAL

    

 

Contents

 

	SECTION
    1 - DEFINITIONS	3
	SECTION
    2 - TERM	5
	SECTION
    3 - ORDER OF PRECEDENCE	5
	SECTION
    4 - SCOPE OF SUPPLY	5
	SECTION
    5 - CHANGES TO THE PRODUCT	6
	SECTION
    6 - FORECAST & ORDER	7
	SECTION
    7 - E&O INVENTORY	8
	SECTION
    8 - DELIVERY	10
	SECTION
    9 - PRICE; PAYMENT TERM	11
	SECTION
    10 - OWNERSHIP OF 1PR	12
	SECTION
    11 - WARRANTY; EPIDEMIC FAILURE	13
	SECTION
    12 - IPR LIABILITY AND INDEMNITY	17
	SECTION
    13 - CONFIDENTIAL INFORMATION	18
	SECTION
    14 - LIMITATION OF LIABILITY	18
	SECTION
    15 - END-OF-LIFE PRODUCT; DISCONTINUANCE	19
	SECTION
    16 - FORCE MAJEURE	19
	SECTION
    17 - TERMINATION	20
	SECTION
    18 - ASSIGNMENT	20
	SECTION
    19 - APPLICABLE LAW	21
	SECTION
    20 - PUBLICITY	21
	SECTION
    21 - GENERAL PROVISIONS	21
	EXHIBIT
    A SPECIFICATION	23

 

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    Foxconn PROPRIETARY & CONFIDENTIAL

    

 

WITNESSETH

 

WHEREAS,
Foxconn, either directly or through its Affiliates, is in the business of designing, manufacturing and supplying electronic products
and devices.

 

WHEREAS,
Purchaser, either directly or through its Affiliates (i) Airspan Networks (Israel) limited, Bareket 2 Building, Negev Street, Airport
City, 70100 Israel, or (ii) Airspan Communications Limited, Capital Point, 33 Bath Road, Slough, Berkshire SL1 3UF, United Kingdom
(each or collectively, “Approved Affiliate”), desires to purchase from Foxconn certain electronic products manufactured
by Foxconn, and Foxconn desires to enter into a mutually beneficial relationship with Purchaser for the design, manufacturing, supply
and delivery by Foxconn of such products, on the terms and conditions set forth in this Agreement.

 

IN
WITNESS WHEREOF, the Parties agree as follows:

 

Section
1 - DEFINITIONS

 

The
following terms and expressions have the meaning indicated below, where the context permits:

 

“Purchaser
Controlled Component” means any Component sold, designated, provided, or consigned to Foxconn by Purchaser or its Affiliates.

 

“Affiliate(s)”
means any entity, present and future, which is directly or indirectly controlled by a Party or which directly or indirectly controls
said Party or is under common control with said Party. For the purpose of this definition, “control” shall exist through
the direct or indirect (i) ownership of more than 50% of the nominal value of the issued equity share capital or of more than 50%
of the shares entitling the holders to vote for the election of directors or persons performing similar functions; or (ii) rights
by any other means to elect or appoint directors, or persons performing similar functions, who have majority vote.

 

“Agreement”
means this Supply Agreement with its Exhibits, if any.

 

“Buy/Sell
Part” means any Component sold by Purchaser or its Affiliates to Foxconn.

 

“Change
in Control” of a Party means a merger, consolidation, share exchange, tender offer, exchange offer, or similar transaction
involving such Party or any subsidiary of such Party after the completion of which the shareholders of such Party immediately prior to
the completion of such merger, consolidation, share exchange, tender offer, exchange offer, or similar transaction beneficially own,
directly or indirectly, outstanding voting securities representing less than fifty percent (50%) of the combined voting power of either
the surviving Party in such merger, consolidation, share exchange, tender offer, exchange offer, or similar transaction or the parent
of the surviving Party.

 

“Claim”
means any of claims, demands, causes of action, lawsuits or liabilities.

 

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    Foxconn PROPRIETARY & CONFIDENTIAL

    

 

“Component”
means, with respect to any Product, the materials designated in the bill of materials (“BOM”) to be incorporated into
the Product.

 

“Delivery
Date” means the day that the Product is delivered to Purchaser or the freight forwarder designated by Purchaser in accordance
with Section 8.1 set forth herein.

 

“Essential
IPR” means either any IPR that must be infringed in order to either use the technology as set out in Specification or implement
wireless air interface standards or other industry standard, or that the patent holder claims is essential to use said technology or
implement an industry standard.

 

“Intellectual
Property Rights” or “IPR” means any and all patents (including patent applications, reissues, divisions,
continuations and extensions thereof in any jurisdiction), utility models, and registered and unregistered designs, including mask works,
copyrights, trade secrets, and any other form of protection afforded by law to inventions, models, designs, works of authorship, databases
or technical information and applications thereof

 

“Newly
Developed IPR” shall mean any and all Intellectual Property Rights in and to the result of the development or the production
of the Product and any improvements or modifications thereof developed, conceived, reduced to practice, authored or created in connection
with the Parties’ performance of this Agreement, but excluding each Party’s Pre-Existing IPR and any third party’s
IPR.

 

“Non-
Essential IPR” means any IPR which is not Essential IPR.

 

“NTF
Product” means no-trouble-found Product returned to Foxconn as purportedly being non-conforming but determined by Foxconn to
be non-defective. Furthermore, in the event Foxconn determines certain returned Product to be defective but do not qualify as being under
Foxconn’s responsibility Sections 11.1 and 11.2 hereof, Foxconn will repair such Product on a out-of-warranty repair basis
in accordance with Section 11.5 herein.

 

“Order”
means the document issued by Purchaser to order the supply of Product or other services from Foxconn and accepted by Foxconn according
to Section 6 as provided for herein.

 

“Person
in Charge” means, (i) with respect to Foxconn, the project manager (PM) and the supervisors thereof for each applicable
Product, and (ii) with respect to Purchaser, VP Operations and the delegates thereof for each applicable Product

 

“Pre-Existing
IPR” shall mean any and all Intellectual Property Right existing as of the effective date of this Agreement or is independently
developed without using any information disclosed by the other Party during the term of this Agreement as proven by contemporaneous documents.

 

“Product”
means certain smallcell device or other electronic product (i) designed by Purchaser, itself or through any third party, and (ii) manufactured
by Foxconn, itself or through its Affiliates under this Agreement.

 

“[***]”
means [***], a [***] Corporation.

 

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    Foxconn PROPRIETARY & CONFIDENTIAL

    

 

“[***]
IPR” means Intellectual Property Rights of [***] or its Affiliates that must be infringed in order to implement wireless air
interface standards used by each Product.

 

“Quarter”
means any 3 months’ period ending on 31 March, 30 June, 30 September or 31 December.

 

“Specification”
means the technical specifications of the Product as set forth in Exhibit A.

 

“Working
Day” means a day (other than a Sunday, Saturday, or an official public holiday) on which banks are open for general business
in Singapore and Taiwan.

 

The
above words in the singular include the plural and vice-versa, where the context requires.

 

The
word day, week or month means respectively a calendar day, week or month, save where this Agreement specifically
stipulates a Working Day.

 

The
Section headings shall not affect the way in which the Sections arc construed.

 

Section
2 - TERM

 

This
Agreement shall commence upon April 1st, 2016 and, unless otherwise terminated in accordance with this Agreement, shall continue
in full force and effect for five (5) years thereafter. This Agreement shall automatically renew for successive periods of one (1) year
unless terminated by either party with a six (6)-month prior written notice.

 

Section
3 - ORDER OF PRECEDENCE

 

Unless
otherwise expressly stated, with respect to any conflicts of terms in any of the transaction documents, the terms of the transaction
documents shall control in the following order: (1) the price and quantity on any Order; (2) terms and conditions of this Agreement;
and (3) terms and conditions (other than price and quantity) on the Order.

 

Section
4 - SCOPE OF SUPPLY

 

		4.1	Design
    and Specification.

 

Unless
as otherwise separately agreed by the Parties in writing, Purchaser will be responsible to provide Foxconn with the design, the Specification,
BOM, manufacturing criteria, testing flow, testing program and packing requirement for each Product (“Purchaser Requirements”),
and upon Foxconn’s review and acceptance thereof, Foxconn will perform its manufacturing service in accordance with Section 4.2
below.

 

		4.2	Manufacturing
    Services.

 

Foxconn
shall use diligent efforts to perform the manufacturing services pursuant to the terms and conditions of this Agreement. The manufacturing
services shall include, subject to the terms and conditions of this Agreement (a) the procurement of Components and materials in
accordance with BOM, (b) the manufacture, assembly, testing and packaging of the Products by the Foxconn or through its Affiliates,
pursuant to the requirements for each Product as provided by Purchaser, and (c) the delivery of such Products in accordance with
the agreed delivery term.

 

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		4.3	Other
    Service.

 

In
the event that Purchaser intends to purchase any other service from Foxconn, including without limitations to tooling, equipment, fixtures,
certification, R&D engineering service, the Parties will in good faith discuss and decide the costs and other details thereof.

 

		4.4	Approved
    Affiliate.

 

The
Parties hereby agree that the Products may be purchased by Approved Affiliate in accordance with the terms and conditions of this Agreement,
and in such event, Purchaser represents and warrants that (i) it shall cause its Approved Affiliates to comply with all terms and
conditions as set out in this Agreement, (ii) it shall have its Approved Affiliates acknowledge and accept that its issuance of
Forecasts or Orders will constitute an unconditional acceptance of the terms and conditions of this Agreement, and (iii) Purchaser
and each applicable Approved Affiliate shall be jointly and severally responsible and liable for the obligations and liabilities incurred
under this Agreement and the respective Orders issued by such Approved Affiliate pursuant to and in accordance with this Agreement.

 

Section
5 - CHANGES TO THE PRODUCT

 

		5.1	In
    the event any change to the Product is required to be made as a result of changes in any law, rule, regulation, proclamation or industry
    standard, or Purchaser intends to modify the design, Specification or Components listed in BOM, whether during the pre-production
    stage or the mass production stage, Purchaser shall deliver to Foxconn an engineering change request that describes the modification
    in reasonable detail in advance of the implementation thereof. Upon receipt of such notice, Foxconn shall deliver to Purchaser a
    report that sets forth (i) a description of any Components, work-in-process (“WIP”) and finished Product
    that will be rendered obsolete or excess as a result of the implementation of such modification and Foxconn’s actual cost thereof,
    (ii) any other costs and expenses arising therefrom or relating thereto, including without limitations to, test and recertification
    fee, if any, and (iii) a scheduled effective date of such change.

 

In
the event that Purchaser decides to implement any of such changes, Purchaser will, within thirty (30) days upon its receipt of Foxconn’s
said report, deliver to Foxconn a written notice to such effect approving the related Product change. In the event that Purchaser shall
fail to notify Foxconn of the confirmation or rejection upon the expiration of the said thirty (30) days period, Purchaser shall
be deemed to have elected not to implement the said changes. Upon receipt of Purchaser’s confirmation of Product change, Foxconn
will implement the changes in accordance with Purchaser’s instructions and requirements, provided that Purchaser is responsible
for all the obsolete or excess Components, WIP and finished Product, and other costs and expenses incurred to Foxconn arising from such
Product change, as set out in Foxconn’s said report or otherwise approved by Purchaser.

 

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    Foxconn PROPRIETARY & CONFIDENTIAL

    

 

		5.2	In
    the event that Foxconn proposes a change to the design, Specification or Components listed in BOM, whether during the pre-production
    or the mass production stage, Foxconn shall deliver to Purchaser a written notice that describes the proposed change in detail and
    sets forth (i) a description of any Components, WIP and finished Product that will be rendered obsolete or excess as a result
    of the implementation of such modification and Foxconn’s actual cost thereof, (ii) any other costs and expenses arising
    therefrom or relating thereto, including without limitations to test and recertification fee, and (iii) a scheduled effective
    date of such change.

 

Foxconn
shall not implement any said proposal unless and until Purchaser has accepted the proposal in writing. Both Parties will discuss in good
faith the cost allocation in connection with the implementation of such change. In addition, in the event that any change under this
Section 5.2 shall cause any cost reduction or increase, the Parties shall negotiate in good faith with respect to an equitable reduction
or increase of the price and the effective date of such price change.

 

Section
6 - FORECAST & ORDER

 

		6.1	Forecast.

 

Purchaser
shall, no later than the third day of each month (in Foxconn’s time zone), monthly provide and update rolling six (6) months
forecasts to Foxconn based on its anticipated monthly demands for Products (“Forecast”) and Foxconn shall be authorized
to purchase the Components, considering (i) their respective lead times (“Component Lead Time”), and (ii) production
lead time and logistics lead time of the Product. For greater clarity, Purchaser hereby agrees and authorizes that Foxconn may purchase
Components in accordance with (i) the volume of Product as set out in the Forecast, and (ii) the minimum order quantity requirement
of certain Components requested by the respective Component vendors (“Component’s MOQ”), whichever is greater,
provided that Foxconn shall provide Airspan with the list relating to such Component’s MOQ, Component’s lead times and Component
classification. Foxconn shall (i) provide Purchaser with a list of Components which are subject to Component’s MOQ requirements,
and will update that list upon any changes in any Component’s MOQ requirements, and (ii) weekly provide and update the quantity
of Components purchased and ordered by Foxconn from the related suppliers in accordance with this Section 6.1, whether the Components
are received by Foxconn or not, to the extent such Components’ lead times exceeds twelve (12) weeks. Any Forecasts provided
by Purchaser are for planning purposes only and do not constitute a commitment by Purchaser to purchase the quantities of Product listed
on a given Forecast, subject to Purchaser’s performance of its responsibility of E&O Inventory as set out in Section 7
of this Agreement.

 

In
the event that Purchaser shall fail to provide a Forecast prior to an appropriate date considering the mutually scheduled mass production
date as well as Component Lead Time, Purchaser shall provide to Foxconn an authorization letter (“Authorization”)
for Foxconn to purchase the Components in accordance with the volume of Product or Components specified in said Authorization. For removal
of doubts, Purchaser hereby acknowledges and agrees that said Authorization shall be deemed as certain Forecast of Product and Section 7
hereof shall apply to the Components purchased in accordance with such Authorization.

 

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		6.2	Order.

 

Purchaser
hereby agrees to issue Orders at least in advance of the ordering lead time to allow Foxconn to meet the requested Delivery Date. The
ordering lead time herein shall include (i) Component Lead Times and (ii) production lead time and logistics lead time of the
Product.

 

In
addition, Purchaser agrees that the volume of each Order will not be less than [***] units (“Minimum Lot Quantity”).
Upon receiving an Order issued by Purchaser in accordance with this Section 6.2, Foxconn shall provide a written acknowledgement
within three (3) Working Days confirming the quantity and Delivery Date specified in such Order or indicating an alternative date
or rejecting the Order with reasons.

 

Orders
which are issued by Purchaser and accepted by Foxconn shall constitute the legal binding effects on both Parties and shall refer to the
terms and conditions of this Agreement. For greater clarity, except as otherwise set forth in this Agreement, such Order shall be non-cancellable
and non-returnable.

 

		6.3	Reschedule.

 

Purchaser
will be entitled to extend the applicable Delivery Date with respect to a given Order by providing Foxconn prior written notice; provided,
however, that (i) any rescheduled and final delivery date may not be more than sixty (60) calendar days subsequent
to the original Delivery Date on the accepted Order, (ii) the quantity of Product being rescheduled does not exceed the flexibility
percentage allowed as set out below, and (iii) Purchaser shall be permitted to reschedule the Delivery Date one (1) time only for
the respective confirmed Order.

 

	Calendar
    days prior to the Delivery Date set forth on Order	The
    percentage of Order quantity being rescheduled
	0-30 days	0%
	More
    than 30 days	100%

 

Section
7 - E&O INVENTORY

 

		7.1	Definition.

 

“E&O
Inventory” means any Components that (i) are purchased by Foxconn in reasonable reliance on a Forecast and Component’s
MOQ (as defined in Section 6.1 hereof) or other written authorizations issued by Purchaser, and consistent with the applicable Component
Lead Time plus production lead time and logistics lead time of the Product, (ii) Foxconn is not able to cancel or return to the
applicable affiliate or vendor, or repurpose or reuse for other Foxconn customers using commercially reasonable efforts to complete in
a prompt manner, and (iii) are rendered excess or obsolete due to any of the following causes:

 

		(a)	Purchaser’s
    failure to issue Orders of Product to fully consume such Components which are supposedly to be consumed in accordance with the estimated
    delivery date as set out in Forecast, or any cancellations of Orders, to the extent that such Components have not been paid by Purchaser
    ;

 

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		(b)	any
    Product or Component infringes or misappropriates or is alleged in any governmental authority, court or tribunal to infringe or misappropriate
    any Intellectual Property Rights of any third party which are of Purchaser IPR Liability as described in Section 12.2 hereof;
    and

 

		(c)	any
    change to the Product as set out in Section 5 hereof.

 

The
sub-sections (b) and (c) are each or collectively referred as to “Specific E&O Inventory”.

 

For
avoidance of doubts, E&O Inventory herein shall include said Components which have entered production assembly and are in the form
of WIP or finished good held by Foxconn.

 

		7.2	E&O
    Inventory Value.

 

The
value of the E&O Inventory will be calculated as the following (“E&O Inventory Value”).

 

	 	A.	One
    hundred percent (100%) of the purchase price for the Components procured by Foxconn;

 

	 	B.	One
    hundred percent (100%) of the purchase price of the Components plus six percent (6%) thereof as overhead for WIP; and

 

	 	C.	One
    hundred percent (100%) of the unit price of the Product for finished goods.

 

		7.3	Responsibility
    of E&O Inventory.

 

	 	A.	Invoicing
    for E&O Inventory. Foxconn shall have the right to invoice Purchaser on each Quarter end for all of E&O Inventory, other
    than Specific E&O Inventory as set out in Section 7.3 B below, maintained and not mitigated by Foxconn as measured on the
    last day of each Quarter. Purchaser will pay such invoices within thirty (30) days following Purchaser’s receipt thereof.
    In addition to Quarterly invoicing for E&O Inventory, as may be applicable, Foxconn will invoice Purchaser for E&O Inventory
    remaining upon termination of the Agreement or EOL or Discontinuation in accordance with the terms and conditions of this Agreement.

 

	 	B.	Invoicing
    for Specific E&O Inventory. Upon any occurrence of any Specific E&O Inventory, Foxconn will provide Purchaser with a list
    of such Specific E&O Inventory along with the proposed cost of destruction of such Specific E&O Inventory, and then Foxconn
    shall have the right to invoice Purchaser the applicable E&O Inventory Value (to the extent that any such Specific E&O Inventory
    has not already been paid for by Purchaser). Purchaser will pay such invoices within thirty (30) days following Purchaser’s
    receipt thereof.

 

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    Foxconn PROPRIETARY & CONFIDENTIAL

    

 

		7.4	Ownership
    of Specific E&O Inventory.

 

To
the extent Purchaser reimburses Foxconn for any E&O Inventory in accordance with Section 7.3 above, Purchaser shall own all
such E&O Inventory.

 

		7.5	Disposal
    of E&O Inventory.

 

Foxconn
will support to store Purchaser owned E&O Inventory at Foxconn’s expense for up to thirty (30) days after payment thereof
in accordance with Section 7.3 hereof, and Purchaser shall instruct Foxconn how to dispose of such E&O Inventory.

 

	 	A.	If
    Purchaser fails to notify Foxconn as to the disposition of such Specific E&O Inventory upon the expiration of such 30-day period,
    Foxconn shall have the right to destroy such items, without any liabilities to Purchaser, and to invoice Purchaser actual fees paid
    by Foxconn for the disposition of such E&O Inventory, provided that Foxconn provides Purchaser with documents evidencing actual
    disposal thereof.

 

	 	B.	If
    Purchaser instructs Foxconn as to the disposition of such E&O Inventory, Foxconn shall have the right to charge and invoice Purchaser
    actual fees paid by Foxconn to third parties for the delivery or other disposition of E&O Inventory, provided that Foxconn provides
    Purchaser with documents evidencing actual delivery or other disposal thereof.

 

Section
8 - DELIVERY

 

		8.1	Delivery
    Term.

 

Unless
otherwise agreed by both Parties, Foxconn shall deliver the Product to Purchaser on a FCA Hong Kong basis according to INCOTERMS 2010.
The title and risk of and relating to the Product shall be transferred from Foxconn to Purchaser upon the delivery thereof to Purchaser
or the freight forwarder in Hong Kong.

 

		8.2	Delivery
    Delay.

 

Foxconn
shall deliver the Product by the Delivery Date as set forth in the relevant Order subject to the terms and conditions in Sections 6
and 8.1 above.

 

If
any shipment of any Product is, or in Foxconn’s opinion is likely to become, delayed so that the Product will not be delivered
in accordance with Section 8.1 hereof, Foxconn shall immediately deliver to Purchaser a notice that sets forth the cause for the
delay, and the Parties will in good faith discuss the action plan thereof; provided that Foxconn’s costs and liability incurred
by such delay and action plan will not exceed [***] percent ([***]%) of the value of the delayed portion of the Order.

 

Notwithstanding
any terms and conditions herein to the contrary, Foxconn shall in no event be responsible for any delivery delay if and to the extent
such delivery delay is directly caused by (i) any of Purchaser Controlled Component, (ii) insufficient Components due to Purchaser’s
failure to issue timely LOA which is necessary for Foxconn to fulfill the delivery obligation based on the applicable Order on time,
(iii) any other requirement, instruction, act or omission of Purchaser, and/or (iv) global shortage of Components due to Force
Majeure or emergency incidents such as conflagration. The foregoing provisions of this Section states the entire liability and obligations
of Foxconn and the exclusive remedy of Purchaser with respect to any deliver delay of Product.

 

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Section
9 - PRICE; PAYMENT TERM

 

		9.1	Price.

 

All
prices and tariffs indicated in this Agreement and in the Orders shall be understood in accordance with the content of the 1NCOTERMS
as set forth in Section 8.1 hereof. The currency for quotation and the price is US Dollar.

 

All
value added tax or sales tax payable in respect of any sums due shall be borne by Purchaser. All other taxes on any goods or services
supplied or rendered which are imposed on Foxconn by any government in accordance with the applicable laws and regulations shall be borne
by Foxconn.

 

		9.2	Payment
    Tenn.

 

Except
as otherwise mutually agreed by the Parties, Purchaser will make payments for each Order in accordance with the following:

 

	 	A.	To
    the extent the Product will be sold to [***] or its Affiliates by Purchaser, the payment term will be as below:

 

(i)
[***]% of the Order value will be made no later than the issuing date of each Order.

 

(ii)
[***]% of the Order value will be made no later than Foxconn’s shipment date of the Product.

 

(iii)
The remaining [***]% of the Order value will be due net [***] ([***]) days upon the completion of delivery of the Product in
accordance with Section 8.1 hereof.

 

	 	B.	To
    the extent the Product will be sold to [***] or its Affiliates by Purchaser, the payment term will be as below:

 

(i)
The payment term is net [***] ([***]) days after invoice date, provided that Purchaser shall provide an irrevocable, standby
documentary letters of credit at least equal to the total value of the respective issued Orders, open Orders, E&O Inventory
Value and other outstanding payments due to Foxconn under this Agreement (“LC”). Foxconn shall have the right to
invoice Purchaser upon the delivery in accordance with Section 8.1 hereof, and in the event that Purchaser fails to pay the
invoices in accordance with this Section 9.2 B, Purchaser further agrees that Foxconn may make a payment demand and have the
right to draw down an amount under the LC in respect of any payment not made.

 

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(ii) 
All costs incurred in connection with the issuing of LC shall be borne by Purchaser. Such LC shall (i) be in favor of Foxconn, as
beneficiary, (ii) be issued by a bank mutually agreed upon by the Parties and confirmed by Foxconn’s bank, and (iii) include
the description that in the event that Purchaser shall fail to make the due payments to Foxconn under an Order or the terms and conditions
of this Agreement, Foxconn will have the right to draw down an amount under such LC in respect of any due payment not made to Foxconn
in accordance with this Section 9.2 B.

 

	 	C.	For
    the Products supplied to Purchaser which are not covered by Section 9.2 A or Section 9.2 B, the payment term thereof will
    be further discussed and determined by the Parties.

 

		9.3	Late
    Payment.

 

In
the event that Purchaser fails to make any outstanding payments due to Foxconn and the situation is not remedied within ten (10) business
days from the date the payments become overdue, Foxconn reserves the right to suspend either the affected Component purchases or the
affected or further shipments of Product without liability or penalty, until such payments have been paid in full.

 

Section
10 - OWNERSHIP OF IPR

 

		10.1	Ownership
    of Pre-existing IPR.

 

Each
Party shall own all right, title and interest in and to its Pre-existing IPRs.

 

		10.2	Ownership
    of Newly Developed IPR.

 

The
Parties hereby acknowledge, agree and covenant that (i) all rights, titles and interests in and to Newly Developed IPR for any part
thereof, conceived of or made by Purchaser are the exclusive property of Purchaser; (ii) all rights, titles and interests in and
to Newly Developed IPR for any part thereof, conceived of or made by Foxconn are the exclusive property of Foxconn; provided,
however, that all rights, titles and interests in and to such Newly Developed IPR to the extent as mutually confirmed to
be a modification, improvement or enhancement of the Product’s design which is specific to the smallcell architectures or distinct
features are the exclusive property of Purchaser; and (iii) all rights, titles and interests in and to Newly Developed IPR for any
part thereof, conceived of or made by third party are the exclusive property of third party.

 

		10.3	License.

 

Subject
to the terms and conditions of this Agreement, (i) Purchaser hereby grants to Foxconn and its Affiliate, as applicable, a non-exclusive,
irrevocable, perpetual, transferable, and fully paid-up license under Purchaser and its Affiliates’ IPR, including without limitations
to its Pre-Existing IPR and Newly Developed IPR, that are necessary for the manufacturing and delivery of the Product, solely to perform
Foxconn’s obligations wider this Agreement; and (ii) Foxconn hereby grants to Purchaser, its customers, distributors, retailers
and end users a non-exclusive, irrevocable, perpetual, transferable, and fully paid-up license under Foxconn’s IPR, including without
limitations to its Pre-Existing IPR and Newly Developed IPR, solely pertaining to the distribution, sale, testing, commercial use, maintenance,
repair, modification and enhancement of the Product which Foxconn has manufactured and sold to Purchaser.

 

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Section
11 - WARRANTY; EPIDEMIC FAILURE

 

		11.1	In-Warranty
    Product.

 

For
a period of [***] ([***]) months upon the delivery in accordance with Section 8.1 hereof (“Warranty Period”),
Foxconn warrants that the Product shall be manufactured, tested and packaged according to the design, BOM, manufacturing criteria, testing
flow, testing program and packing requirement provided by Purchaser and shall be free from defects in Foxconn selected materials, workmanship
and manufacturing process.

 

If
any Product does not conform to any warranty under this Section 11.1 during the Warranty Period (“Defective Product”),
Purchaser shall deliver to Foxconn a notice to such effect. Upon the receipt of such notice by Foxconn, Foxconn shall deliver to Purchaser
an authorization to return the Defective Product to Foxconn.

 

After
the receipt of such authorization, Purchaser may, at Purchaser’s expenses, no more than once per month, return the Defective Product
to Foxconn designated location in Hong Kong in accordance with Foxconn’s instructions, and Foxconn shall assume all risk of loss
to the Defective Product upon Foxconn’s receipt thereof in Foxconn designated locations in Hong Kong. Upon receipts of the Defective
Product, Foxconn shall comply with the following.

 

	 	A.	look
    for the cause of any defect, imperfection or inadequacy in the Product when requested to do so by Purchaser;

 

	 	B.	repair
    or replace, at Foxconn’s discretion, the Defective Product; and

 

	 	C.	return
    the repaired or replaced Product to Purchaser’s designated Hong Kong site at Foxconn’s own costs.

 

		11.2	Warranty
    Exclusion.

 

Notwithstanding
the foregoing, Foxconn shall have no warranty obligation under Section 11.1 hereof with respect to any Product to the extent any
defect in the Product was caused by:

 

	 	A.	an
    incorrect or improper use, maintenance or installation of the Product;

 

	 	B.	accident,
    fire, flood, wind or similar natural hazards;

 

	 	C.	modifications
    or changes carried out by any party other than Foxconn or its Affiliates;

 

	 	D.	modification,
    deletion or illegibility of the model or serial number, except if Purchaser provides the written evidence proving the defective Product
    shall be within the Warranty Period;

 

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	 	E.	breakdown
    attributable to the use of accessories or devices not authorized by Foxconn;

 

	 	F.	any
    defect in the Purchaser provided or designated software embedded into the Product or in the Purchaser Controlled Components; or

 

	 	G.	any
    defect in the Purchaser provided design or technology used or incorporated into the Product, if any.

 

		11.3	NTF
    (No Trouble Found) Product.

 

Both
Parties acknowledge and agree that in order to reduce the NTF rate, Purchaser shall undertake to perform the verification of the defective
Product. In the event that the number of NTF Product exceeds ten percent (10%) of all of the Product returned in a particular Quarter,
Foxconn shall have the right to charge Purchaser a handling fee to be mutually agreed upon by the Parties in addition to the freight
costs for returning such NTF Product to Purchaser and any additional re-package and material costs.

 

		11.4	Refurbishment.

 

Both
Parties hereby agree that in the event that Purchaser requires for refurbishment or re-packaging services for the Product, Foxconn will
quote a reasonable price for such refurbishment of Product.

 

		11.5	Out-of-Warranty
    Product.

 

	 	A.	This
    out-of-warranty provision applies to (i) the Product that is damaged, defected or caused to malfunction that are not attributable
    to Foxconn in accordance with Sections 11.1 and 11.2 above, or (ii) the Product that shall be found defective after the
    Warranty Period as set forth in Section 11.1 hereof Both Parties hereby agree that out-of-warranty Product returned for repair
    or replacement by Purchaser shall be billed based on the Foxconn’s repair quotation as discussed by both Parties.

 

		11.6	Epidemic
    Failure.

 

Epidemic
Failure will be deemed to have occurred in the event that the Failure Rate exceeds five percent (5%).

 

	 	A.	“Failure
    Rate” means Monthly Failure Units divided by the Warranty Population.

 

	 	B.	“Monthly
    Failure Units” means the total quantity of Defective Products which are found defective by Purchaser, and Purchaser informs
    Foxconn of the same, in month N. Such quantity shall be limited to the defective units that (i) are under Foxconn’s warranty
    obligations in accordance with Sections 11.1 and 11.2 hereof (“In-Warranty Product”), and (ii) are caused
    by the same symptom attributable to a single root cause.

 

	 	C.	“Warranty
    Population” means the aggregate and total number of In-Warranty Products shipped to Purchaser calculating from mass production
    of said Product till the end of month N.

 

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	 	D.	“N”
    stands for the current month.

 

If
Purchaser believes that an Epidemic Failure has occurred, Purchaser will provide written notice to Foxconn. In such event, the Parties
will work together in good faith to determine the root cause of the purported Epidemic Failure or whether an Epidemic Failure has in
fact occurred. In the event of an Epidemic Failure, Purchaser will return the Defective Products which are part of Epidemic Failure (“Epidemic
Failure Unit”) to Foxconn, and Foxconn will comply with the following.

 

	 	A.	Foxconn
    will use diligent efforts to submit feedback on the failure analysis of Epidemic Failure and provide a complete failure analysis
    report promptly thereafter, provided that Purchaser will provide reasonable assistance to Foxconn in attempting to identify the source
    of Epidemic Failure.

 

	 	B.	Foxconn
    will propose a corrective action plan relating to each Epidemic Failure for Purchaser’s approval and will implement such approved
    corrective action plan to provide a prompt, aggressive and complete response to the Epidemic Failure.

 

	 	C.	Foxconn
    will repair or replace all Epidemic Failure Units.

 

	 	D.	Foxconn
    will be responsible for (i) shipment costs of the Epidemic Failure Units from Purchaser’s premise in Hong Kong to Foxconn’s
    premise; provided that Purchaser shall return the Epidemic Failure Units in accordance with Foxconn’s instructions, and (ii) shipment
    costs of the repaired units or the replacements thereof from Foxconn’s premise to Purchaser’s premise in Hong Kong.

 

		11.7	RoHS
    Compliance.

 

In
order to clarify each Party’s rights and obligations regarding the compliance of Restriction on Hazardous Substances (RoHS) directive,
and other environmental protection regulations in applicable countries or regions (“EPR”), the Parties hereto agree
as follows. In addition, in the event that Foxconn shall detect any Component’s non-compliance of EPR, Foxconn will notify Purchaser
of the same immediately.

 

	 	A.	Purchaser
    will be responsible for all losses, damages, penalties and obligations caused by the non-compliance with EPR of the Purchaser Controlled
    Components.

 

	 	B.	Foxconn
    will be solely responsible for all losses, damages, penalties and obligations caused by the non-compliance with EPR caused by the
    manufacturing process of the Product and the Components other than Purchaser Controlled Component.

 

	 	C.	Indemnity.
    Each Party will defend, indemnify and hold harmless the other Party, its Affiliates, and each of their officers, directors, employees,
    agents and representatives from and against any and all third-party Claims arising out of or related to its responsibility as stated
    in this Section 11.7 A or B, as applicable.

 

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		11.8	Product
    Liability and Insurance.

 

	 	A.	Product
    Liability.

 

In
the event of any third party Claim arising out of, relating to, or resulting from damage to property or injury or death to persons arising
out and caused by a defect in the Product (“Product Liability”), the following shall apply.

 

	 	(a)	To
    the extent a Claim arises from any Product Liability that is attributable to a defect which is attributable to (i) any Component
    which is not Purchaser Controlled Component, (ii) Foxconn’s design or (iii) workmanship (collectively, “Foxconn’s
    Cause”), Foxconn shall pay the damages, liabilities and other reasonable costs as Purchaser may incur or may have been
    ordered to pay to a third party by any competent court or by settlement out of court as a result of such Claim.

 

	 	(b)	To
    the extent a Claim arises from any Product Liability that is attributable to a defect which is in any cause other than Foxconn’s
    Cause, Purchaser shall pay the damages, liabilities and other reasonable costs as Foxconn or its Affiliates may have been ordered
    to pay to a third party by any competent court or by any settlement out of court as a result of such Claim.

 

	 	(c)	Indemnity.
    Each Party will defend, indemnify and hold harmless the other Party, its Affiliates, and each of their officers, directors, employees,
    agents and representatives from and against any and all third party Claims arising out of or related to its responsibility as stated
    in this Section 11.8A (a) or (b), as applicable including reasonable professional and legal costs incurred in connection with
    such Claims.

 

	 	B.	Insurance.

 

Foxconn
shall carry and maintain a product liability insurance coverage to satisfactorily cover its obligations under this Section 11.8,
at its own expense and with an internationally recognized insurance carrier. Purchaser shall be entitled to periodically request that
Foxconn provide adequate proof of insurance.

 

		11.9	DISCLAIMER.

 

To
the extent the Product will be sold to [***] or its Affiliates by Purchaser (“[***] Product”) unless the Parties agree
to the contrary in a separate quotation, (i) Foxconn warrants that the [***] Product shall be manufactured, tested and packaged
according to the design, BOM, manufacturing criteria, testing flow, testing program and packing requirement provided by Purchaser and
shall be free from defects in Foxconn selected materials, workmanship and manufacturing process at time of delivery, (ii) except
for this Section 11.9, the terms and conditions of the warranty as set forth in Sections 11 will not apply to such [***] Product,
and (iii) Foxconn will not be liable for any defects of the [***] Product no matter under this Agreement, by operation of law or
otherwise, including without limitations to the repair and replacement of the defective [***] Product hereunder.

 

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THE
WARRANTIES SET FORTH HEREIN ARE THE SOLE AND EXCLUSIVE WARRANTIES GIVEN BY Foxconn WITH RESPECT TO THE PRODUCT AND ARE IN LIEU OF AND
EXCLUDE ALL OTHER WARRANTIES, EXPRESS OR IMPLIED, ARISING BY OPERATION OF LAW OR OTHERWISE.

 

Section
12 - IPR LIABILITY AND INDEMNITY

 

		12.1	Foxconn
    IPR Liability and Indemnity.

 

	 	A.	Foxconn
    IPR Liability. Foxconn shall be responsible for any IPR infringement Claim brought by a third party against Foxconn, Purchaser, and/or
    their Affiliates, officers, directors and employees based upon a Claim that the manufacturing process of the Product infringes any
    Non-Essential IPR of any third party. Notwithstanding above, Foxconn shall not be held liable for any infringement solely arising
    from each of (i) any design used for or software embedded into the Products provided by Purchaser or its designated third party,
    (ii) any extensions, improvements or modifications made to the Product by anyone other than Foxconn and its Affiliates; and
    (iii) Foxconn’s compliance with the Specification or with Purchaser Requirements or other written requirements; (iv) Purchaser
    Controlled Components, and (iv) any infringement of Essential IPR

 

	 	B.	Indemnity.
    Foxconn will defend, indemnify and hold harmless Purchaser, its Affiliates, and each of their officers, directors, employees, agents
    and representatives from and against any and all third-party Claims brought against Purchaser arising out of or related to any of
    Foxconn IPR Liability including reasonable professional and legal costs incurred in connection with such Claims; provided that Purchaser
    shall notify Foxconn of the Claim within a reasonable period after the receipt of the Claim, and shall allow Foxconn the right and
    ability to control the defense and to settle the Claim and Purchaser shall provide Foxconn with all reasonable assistance and cooperation
    required to defend or settle aforementioned Claim.

 

		12.2	Purchaser
    IPR Liability and Indemnity.

 

	 	A.	Purchaser
    IPR Liability. Purchaser shall be responsible for any IPR infringement Claim brought by a third party against Purchaser, Purchaser’s
    customers, Foxconn and/or its Affiliates and their officers, directors and employees based upon a Claim that the manufacture, sale,
    distribution, or use of Product infringes any IPR of any third party except for any IPR relating to Foxconn IPR Liability as described
    in Section 12.1 A hereof

 

	 	B.	[***]
    IPR. In addition to Section 12.1 A above, Purchaser hereby represents and warrants that (i) Purchaser is licensed by [***]
    under any or all of [***] IPR necessary to make or have made the Products (“[***] License”), (ii) Foxconn’s
    performing its obligations under Orders released by Purchaser and accepted by Foxconn wider this Agreement will not contravene any
    contract or understanding binding on Purchaser and [***], and (iii) Purchaser shall be responsible for the license fees and
    royalties in consideration for the said licenses from [***] and no such license fee or royalty shall be payable by Foxconn.

 

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Purchaser
agrees that upon receiving [***]’s notice of any termination of [***] License or occurrence of any expiration or termination of
the [***] License, whichever is earlier, (i) Purchaser shall immediately notify Foxconn of the said event, (ii) either Purchaser
or Foxconn shall have the right, without any liability other than as set out in this Section 12.2, to stop any shipments of the
Products that are scheduled to be delivered after the effective date of the said expiration or termination, unless (a) Purchaser
obtains for Foxconn the right to continue to make the Products without restriction and at no additional cost to Foxconn, or (b) Purchaser
agrees to Foxconn’s implementing its license granted from [***], if any, and in which event Purchaser shall compensate Foxconn
for the license fees due to [***], and the price of Products shall be adjusted accordingly, and (iii) subject to the above subparagraph (ii),
Foxconn’s implementing its right to stop shipment shall not release Purchaser from paying the purchase price for any finished Products
ordered by Purchaser and the costs /expenses incurred by Foxconn in relation to any E&O Inventory, provided that Foxconn uses commercial
best efforts to mitigate losses with generally accepted purchasing practices.

 

	 	C.	Indemnity.
    Purchaser will defend, indemnify and hold harmless Foxconn, its Affiliates, and each of their officers, directors, employees, agents
    and representatives from and against any and all third-party Claims brought against Purchaser arising out of or related to any of
    Purchaser IPR Liability; provided that Foxconn shall notify Purchaser of the claim within a reasonable period after the receipt of
    the Claim, and shall allow Purchaser the right and ability to control the defense and to settle the Claim and Foxconn shall provide
    Purchaser with all reasonable assistance and cooperation required to defend or settle aforementioned Claim.

 

Section
13 - CONFIDENTIAL INFORMATION

 

During
the term of this Agreement, the Parties will comply with the terms and conditions of Mutual Nondisclosure Agreement dated as of March
29th, 2014 (“NDA”). The Parties shall keep the terms of this Agreement and any non-public information relating
to the performance of this Agreement identified confidential in accordance with the terms of the NDA. Notwithstanding anything to the
contrary in the NDA, the term of the NDA shall continue as long as this Agreement is in force and the Parties’ confidentiality
duties under this Section 13 shall continue without limitation in time.

 

Section
14 - LIMITATION OF LIABILITY

 

EXCEPT
AS OTHERWISE SET FORTH HEREIN, NEITHER PARTY SHALL BE LIABLE TO, OR SEEK FROM THE OTHER PARTY, ANY INDIRECT, SPECIAL OR CONSEQUENTIAL
DAMAGES WHICH IS DEEMED TO INCLUDE LOST PROFITS, LOSS OF BUSINESS OPPORTUNITY, AND SIMILAR INDIRECT LOSSES IN CONNECTION WITH ANY CLAIM
UNDER THIS AGREEMENT, WHETHER UNDER ANY CONTRACT. STRICT LIABILITY, NEGLIGENCE OR OTHER LEGAL OR EQUITABLE THEORY.

 

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EXCEPT
CLAIMS UNDER SECTION 13, FOXCONN’S TOTAL, AGGREGATE AND ACCUMULATE LIABILITY IN CONNECTION WITH ANY CLAIM UNDER THIS AGREEMENT
(REGARDLESS OF THE FORM OF ACTION, WHETHER IN CONTRACT OR TORT OR OTHER LEGAL OR EQUITABLE THEORY OR UNDER ANY WARRANTY CONTAINED IN
THIS AGREEMENT), AS APPLICABLE, SHALL NOT EXCEED (I) THE GREATER OF (I) [***] US DOLLARS (US$[***]), OR (II) THE AGGREGATE
AMOUNT OF PAYMENTS OF THE CLAIMED PRODUCT (DETERMINED BY THE PART NUMBER PURCHASED BY AIRSPAN UNDER THIS AGREEMENT) MADE BY AIRSPAN TO
FOXCONN IN THE TWELVE (12) MONTHS PRIOR TO THE DATE AN INITIAL CLAIM AROSE.

 

Section
15 - END-OF-LIFE PRODUCT; DISCONTINUANCE

 

With
six (6) months prior written notice to Foxconn, Purchaser shall have the right to take the end-of-life decision for their Product
(“EOL”). With nine(9) months prior written notice to Purchaser, Foxconn shall have the right to take the decision
to discontinue the supply of any Product (“Discontinuance”) and Purchaser shall be able to, no later than three (3) months
prior to the effective date of Discontinuance, place an Order (“Last Buy Order”) for its demands of such Product.
The delivery schedule for the units of such Product ordered pursuant to such Last Buy Order shall be mutually agreed between the Parties.
In the event of Discontinuance, Purchaser shall be entitled to appoint another manufacturer to manufacture the Product. In such circumstances,
Purchaser shall notify Foxconn of the appointment of the new manufacturer, and Foxconn shall use all commercially reasonable efforts,
without unnecessary delay, to transfer the Tooling and fixtures paid by Purchaser to the new manufacturer and to provide other commercially
reasonable supports.

 

Section
16 - FORCE MAJEURE

 

		16.1	Neither
    Party shall be liable in any manner for failure or delay in fulfillment of all or part of this Agreement directly or indirectly owing
    to any cause or circumstance beyond its control, including, but not limited to, acts of God, governmental order or restrictions,
    war, war-like conditions, hostilities, sanctions, revolution, riot, looting, terrorism, plague or other epidemics, fire and flood;
    provided, however, that the affected Party: (a) gives the other Party written notice of such cause promptly, and
    (b) uses its diligent efforts to correct such failure or delay in its fulfillment.

 

		16.2	In
    any event, the Party affected by the occurrence of Force Majeure shall do everything in its power to avoid, eliminate or reduce the
    causes of delay and shall resume the discharge of its obligations as soon as the occurrence concerned has disappeared.

 

		16.3	If
    the event of Force Majeure affecting one Party’s obligations of this Agreement lasts for more than seventy (70) days from
    the date of the notification referred to in Section 16.1 above, the Parties will negotiate in a good faith to reduce each Party’s
    losses under this Agreement. This negotiation will not exceed five (5) days unless otherwise agreed by both Purchaser and Foxconn.

 

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Section
17 - TERMINATION

 

		17.1	Termination
    by Purchaser for Cause.

 

If
Foxconn shall commit any material breach of any material covenant, representation, warranty or agreement herein contained and Foxconn
shall have failed to remedy such material breach within thirty (30) days after receipt by Foxconn of written notice thereof by Purchaser,
Purchaser may terminate this Agreement simply by sending Foxconn a registered letter with acknowledgement of delivery to this effect.

 

		17.2	Termination
    by Foxconn for Cause.

 

If
Purchaser shall commit any material breach of any material covenant, representation, warranty or agreement herein contained and Purchaser
shall have failed to remedy such material breach within thirty (30) days after receipt by Purchaser of written notice thereof by
Foxconn, Foxconn may terminate this Agreement simply by sending Purchaser a registered letter to this effect with request for acknowledgement
of delivery, it being understood that the services carried out and the Product supplied shall remain payable.

 

		17.3	Bankruptcy,
    Dissolution or Liquidation.

 

A
Party shall provide written notice (the “Notice”) to the other Party immediately upon the occurrence of any insolvency,
bankruptcy or liquidation or filing of any application therefor, or other commitment of an affirmative act of insolvency (“Events”).
Either Party shall also have the right to terminate this Agreement with immediate effect by giving written notice of termination to the
other Party at any time upon or before the later of (i) sixty (60) days after the occurrence of any of the Events with respect
to such other Party (unless such event ceases within such period), or (ii) sixty (60) days after receipt of the Notice (unless
such event ceases within such period).

 

		17.4	Effect
    of Termination.

 

Unless
otherwise expressly agreed in writing, the expiration or termination under this Agreement shall be without effect on the Orders in force
at or prior to the date of the termination of this Agreement and the applicable rights and obligations of each of Foxconn and Purchaser
under this Agreement with respect to such Orders (including, without limitation, Sections 11 and 12) shall survive the termination
of this Agreement until those obligations have been fully performed.

 

		17.5	Survival.

 

In
addition to Section 17.4 hereof, Sections 3, 7, 10, 13, 14, 17.4, 17.5, 18, 19, 20 and 21 shall survive termination or expiration
of this Agreement until the related obligations have been fully performed.

 

Section
18 - ASSIGNMENT

 

Except
as otherwise set forth in this Agreement, neither Party shall assign any of its rights, or delegate any of its obligations, under this
Agreement or Order, to a third party in any form whatsoever without the prior written consent of the other Party, which shall not be
unreasonably withheld. Any Change in Control will be deemed to be an assignment of this Agreement which is subject to this Section 18.

 

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Section
19 - APPLICABLE LAW

 

This
Agreement shall be governed by and construed and enforced in accordance with the laws of the State of California, without regard to principles
of conflicts of law.

 

Section
20 - PUBLICITY

 

Neither
Party may publicize or release any information in relation to the Agreement except with the other Party’s prior written consent.

 

Section
21 - GENERAL PROVISIONS

 

	 	21.1	Notice.

 

Any
notice, demand, acknowledgment, or other communication made or given by either Party in accordance with this Agreement which is required
under this Agreement shall be in writing, including without limitations to the emails to the Person in Charge of the other Party; provided,
however, in the event of a formal notice of an event of default or demand for indemnity, such formal notice shall be sent
(i) via email from a Vice President level or higher (with confirmation), (ii) by registered or certified mail, return receipt
requested, or (iii) by courier service and addressed to the other Party at its address as set forth below (or any other address of which
the other Party is notified in accordance with this Section). Such notice shall be effective when received by the Party to whom it is
addressed:

 

If
the notice is sent to Purchaser:

 

For the attention of Chief Financial Officer

Address: 777 Yamato Road Suite 310 Boca Raton Florida 33431 USA

 

If
the notice is sent to Foxconn:

 

For the attention of MCS Department

Address: 5F-1, 5 Hsin-An Road, Hsinchu City 300, Taiwan

With a copy to: Legal Department

Address: No. 5F-1, 5 Hsin-An Road, Hsinchu City 300, Taiwan

 

The
name and address may be modified at any time upon fifteen (15) days’ notice, in accordance with the provisions of this Section 21.1.

 

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		21.2	Relationship
    of the Parties.

 

Foxconn
shall perform its obligations under this Agreement as an independent contractor of Purchaser. Nothing contained in this Agreement is
intended or shall be construed to create any partnership, joint venture or agency relationship between the Parties. Nothing contained
in this Agreement is intended or shall be construed to confer upon or give any person or entity other than the Parties any rights under
or by reason of this Agreement.

 

		21.3	Entire
    Agreement.

 

This
Agreement constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes any previous
oral or written agreements with respect to the subject matter hereof, including without limitation any nondisclosure agreements, memorandums
of understanding or letters of intent between the Parties with respect to the subject matter hereof. No modification of any provision
of this Agreement shall be binding upon either Party unless executed in writing by that Party. In the event of any conflict between any
provision of this Agreement and any provision of any exhibit, schedule or other attachment hereto, (i) the provision of this Agreement
shall prevail, and (ii) to the extent possible, those provisions shall be construed to minimize the conflict.

 

		21.4	No
    Waiver.

 

Neither
Party shall be deemed to have waived any right acquired under the terms of this Agreement and/or an Order unless signed written waiver.
No failure or successive failures to perform an agreement or any subsequent waiver by a Party shall be deemed to make those agreements
or terms invalid or null and void or affect the right of the beneficiary Party to have them performed.

 

		21.5	Counterparts
    and Signatures.

 

The
Parties may execute any number of counterparts to this Agreement, each of which shall be deemed to be an original, and all of which together
shall constitute one and the same agreement. A copy or facsimile of the signature on this Agreement of any authorized representative
of either Party shall have the same force and effect as an original thereof.

 

IN
WITNESS WHEREOF, this Agreement has been executed by:

 

	AIRSPAN
    NETWORKS INC.	HON
    HAI PRECISION IND. CO., LTD.
	 	 
	Signature:
    /s/ David Brant                                       	Signature:
    /s/ Brand Cheng                                       
	Name:
    David Brant	Name:Brand
    Cheng
	Title:
    CFO	Title:General
    Manager of CPEG
	Date:
    June 27, 2016	Date:
    May 30, 2016

 

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EXHIBIT
A SPECIFICATION

 

[Schedule
containing product specifications omitted pursuant to Item 601(a)(5) of Regulation S-K. Schedule will be furnished to the SEC upon
request.]

 

    Page 23 of 23Exhibit 10.39

 

THE USE OF THE FOLLOWING
NOTATION IN THIS EXHIBIT INDICATES THAT THE CONFIDENTIAL PORTION HAS BEEN OMITTED PURSUANT TO ITEM 601(b)(10)(iv) WHEREBY CERTAIN IDENTIFIED
INFORMATION HAS BEEN EXCLUDED BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE COMPETITIVE HARM IF PUBLICLY DISCLOSED: [***]

 

Manufacturing Supply Agreement

(“Agreement”)

 

This Agreement is made and entered into as of ___31th
May _________ 2019 (the “Effective Date”) by Airspan Communications Limited, a company incorporated in England under number
---- whose registered office is Capital Point, 33 Batch Road, Slough, SLl 3 UF, United Kingdom (“COMPANY”) and , Cape
EMS Manufacturing (M) Sdn. Bhd. & Cape Manufacturing (M) Sdn Bhd a company incorporated in Malaysia, and having
its registered offices at, 227D, Kawasan Perindustrian Senai 3, 81400 Senai, Johor, Malaysia and 22, Jalan Temenggong Dua, Kawasan Perindustrian
Temenggong Dua, 81100 Johor Bahru, Johor, Malaysia on behalf of itself and its affiliates (“MANUFACTURER”). COMPANY
and MANUFACTURER are sometimes referred to collectively as the “Parties” and each as a “Party.”

 

WHEREAS

 

		A)	COMPANY is an original equipment manufacturer engaged in the design, marketing, manufacturing, and sale
of LTE Small Cell and Backhaul Technology products.

 

		B)	MANUFACTURER is an electronics manufacturing services provider that furnishes the necessary personnel,
material, equipment, services and facilities to manufacture products for original equipment manufacturers and other third party customers
in accordance with detailed specifications provided by such parties.

 

		C)	COMPANY wishes to engage MANUFACTURER to manufacture COMPANY’s products in accordance with Forecasts
and POs to be issued from time to time by COMPANY.

 

		D)	MANUFACTURER is willing to enter into this agreement and to accept Forecasts and POs to manufacture COMPANY’s
products on the terms and conditions of this Agreement.

 

NOW, IN CONSIDERATION OF THE MUTUAL AGREEMENTS SET FORTH IN THIS AGREEMENT,
THE PARTIES HEREBY AGREE:

 

		1.	Definitions and Interpretation

 

		1.1	“Acceptance” or “Accept” means, as to any Products, Services
or Additional Services, the acceptance by COMPANY of the Products, Services and/or Additional Services as set out in Section 2.5
of this Agreement.

 

		1.2	“Additional Services” means those services shown in Appendix 3 to be provided by MANUFACTURER
upon specific terms to be agreed between the Parties in writing prior to such services to be provided.

 

    Page | 1 

    

    

 

		1.3	“Aged Inventory” means any excess Components procured by MANUFACTURER in line with
current lead times and appropriate forecast that remains in MANUFACTURER’s inventory for more than one hundred twenty (120) days
beyond the last consumption timeline within the forecast.

 

		1.4	“AVL” means the approved vendor list which relates to all of the Components contained
on the BOMs within the Products, which list is supplied by the COMPANY to the MANUFACTURER from time to time.

 

		1.5	“BOM” means bill of material and refers to the list of the raw materials, sub-assemblies
and Components and the quantities of each needed to manufacture the Products.

 

		1.6	“COMPANY’s Proprietary Information” means COMPANY’s software, technology,
trade secrets, know-how and other proprietary information.

 

		1.7	“Components” means third party components and other materials (including software)
on-hand or on-order for which MANUFACTURER is obligated to purchase and which are used in the manufacture of Products.

 

		1.8	“Consignment Stock” means Components and or Sub-Assemblies owned by COMPANY and held
by MANUFACTURER at MANUFACTURER’s manufacturing facility at COMPANY’s cost.

 

		1.9	“Delivery” or “Deliver” means (i) delivery of Products
Ex Works (Incoterms 2017) MANUFACTURER’s plant of manufacture to the carrier for shipment; or (ii) any delivery as otherwise specified
in a PO acknowledged by MANUFACTURER.

 

		1.10	“Documentation” means the Specifications, AVL, Test Documentation and any other documentation
relating to the Products, Services or Additional Services provided by the COMPANY under the terms of this Agreement and agreed upon by
MANUFACTURER in writing.

 

		1.11	“Forecast” means the six (6) month rolling demand profile provided by COMPANY
which shall (a) be dated, (b) include an issue number for tracking purposes, (c) be signed by COMPANY and (d) give
an indication of the likely Products required over the Forecast time frame.

 

		1.12	“Initial Term” shall be as defined in Section 15.1.

 

		1.13	“Long Lead Time” means Components with a lead time of sixteen (16) weeks or more.

 

		1.14	“Obsolete Inventory” means any Component procured by MANUFACTURER in line with current
lead times and appropriate forecast that is removed from the Product’s BOM by COMPANY.

 

		1.15	“PO” means a purchase order issued by the COMPANY which is signed by an authorized
signatory of the COMPANY to purchase Products, Components, or other materials, at a stated quantity, unit price, and requested shipment
date.

 

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		1.16	“Price” means the pricing as defined under Section 7.

 

		1.17	“Production” means Products that have been through a prototype stage at MANUFACTURER
and for which COMPANY has approved manufacture in volume batches as agreed in writing by both Parties.

 

		1.18	“PPV” means product price variance and is the difference between the price MANUFACTURER
has to pay for Components and the current BOM cost of COMPANY’S Products as set out in Appendix 1.

 

		1.19	“Products” means any finished products manufactured by the MANUFACTURER on COMPANY’s
behalf based on the Specifications under the terms of this Agreement.

 

		1.20	“PO Acknowledgement” means an acknowledgement in writing from the MANUFACTURER that
the PO referred to in the acknowledgement has been accepted.

 

		1.21	“Services” means the manufacturing services to be provided by MANUFACTURER as agreed
to by the Parties.

 

		1.22	“Specifications” means the specifications of the Products controlled and supplied by
COMPANY and issued to the MANUFACTURER.

 

		1.23	“Sub-Assemblies” means agreed quantities of Components that have been partially assembled
to printed circuit board assembly (PCBA) level or any other appropriate level and held by the MANUFACTURER in accordance with this Agreement,
to support the final product assembly process.

 

		1.24	“Test Documentation” means Documentation which relates to the testing of the Components,
Services, Additional Services and/or the Products.

 

		1.25	“Test Equipment” means any testing equipment used by the MANUFACTURER to test the Products
and any related sub-assemblies and provide the Services and Additional Services, including all associated equipment and Documentation
required to use the Testing Equipment.

 

		1.26	“Warranty Period” as to any Product, Services or Additional Services means [***] ([***]) months
from Acceptance of the Product, Services or Additional Services.

 

		2.	Supply of Products, Services and Additional Services

 

		2.1	During the Initial Term, the MANUFACTURER agrees to provide the Services, which shall include, but not
be limited to, the manufacture, build, testing and Delivery of the Products in accordance with the Specifications and this Agreement.
MANUFACTURER may sub-contract certain Sub-Assemblies with the prior written permission from COMPANY. Any Additional Services might be
agreed between the Parties upon mutual written agreement on respective terms and conditions for such services (Appendix 3).

 

    Page | 3 

    

    

 

		2.2	MANUFACTURER shall provide the Services and Additional Services to a professional standard reasonably
expected in the manufacturing industry. Further, the MANUFACTURER shall ensure it has at all times during this Agreement, sufficiently
trained and experienced staff to promptly provide the Services and Additional Services required by the COMPANY under this Agreement.

 

		2.3	The Parties agree that it may be commercially beneficial for the COMPANY to negotiate the price and supply
of certain Components directly on behalf of MANUFACTURER. The Parties shall discuss these opportunities on a quarterly basis with each
Party acting reasonably.

 

		2.4	COMPANY shall provide technical support in response to any queries concerning Specifications, Production
and testing as reasonably required by MANUFACTURER. MANUFACTURER shall respond to queries as reasonably required by COMPANY. Each Party
shall use reasonable endeavors to respond to queries marked as urgent within one (1) working day and other queries within three (3) working
days.

 

		2.5	The Products, Services and/or Additional Services shall be delivered in accordance with the Delivery dates
set out in the relevant PO. COMPANY agrees to promptly check the Products, Services and/or Additional Services to comply with the Specification
defined in this Agreement or PO and either accept or reject the Products, Services or Additional Services within five (5) working
days from receipt into a final destination warehouse, either at COMPANY’s facility or any other warehouse that MANUFACTURER has
shipped directly to on instruction from COMPANY. In the event the COMPANY (acting reasonably) rejects the Products, Services or Additional
Services, it shall provide written confirmation of the reason for rejection and MANUFACTURER shall follow an agreed warranty process to
repair or replace Products, Services or Additional Services. If COMPANY does not reject the Products, Services or Additional Services
in accordance with the above term, such Products, Services or Additional Services shall be deemed accepted.

 

		2.6	Products shall be held at MANUFACTURER’s premises in a secured warehouse on behalf of COMPANY and
Products shall be owned by COMPANY in such location and MANUFACTURER will provide shipment fulfilment services using such Products.

 

		2.7	The shipment fulfilment process for such Products will operate on a [***] ([***]) day lead time whereby
COMPANY will issue a shipping pick list and any other relevant paperwork, where required, and MANUFACTURER will process those shipment
order(s) and have available for COMPANY’s distribution.

 

		3.	Forecasting

 

		3.1	From time to time, but not less than once per month, COMPANY shall provide MANUFACTURER with a Forecast.
Each signed Forecast issued shall be COMPANY’s authorization for MANUFACTURER to order any Components required to meet the build
product quantities contained within each Forecast to the agreed lead times of each part contained within each BOM. The MANUFACTURER shall
acknowledge receipt of the Forecast Report within two (2) working days.

 

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		3.2	MANUFACTURER shall allow Product quantity changes to each Forecast in line with the table below:

 

	Weeks	0 to 4	5 to 8	9 to 12	13 +
	Forecast Increase	0%	15%	50%	100%
	Forecast Decrease	0%	25%	60%	100%

 

MANUFACTURER shall also accept changes as
per the table above within five (5) working days. If MANUFACTURER cannot meet the changes outlined MANUFACTURER shall propose an
alternative set of changes to be discussed and agreed by both Parties before being implemented.

 

		3.3	COMPANY acknowledges that MANUFACTURER may be required by its suppliers to procure Components in minimum
or economic order quantities, and that such quantities may exceed COMPANY’s demand. Any component or material that is excess to
the demand contained within the Forecast shall be dealt with under the Aged Inventory Criteria.

 

		4.	POs and Supply Agreements:

 

		4.1	POs for Products shall be issued, as a minimum, monthly in advance of the requested and agreed upon delivery
date and shall be acknowledged by a PO Acknowledgement before the commencement of manufacturing Services by MANUFACTURER for the manufacture
of Products. The MANUFACTURER shall comply with the AVL and appropriate BOM for the purchase of specified Components.

 

		4.2	All POs for Products can be rescheduled or cancelled in line with the Changes allowed in section 3.2
above. Any excess material generated as a result of any cancellation shall be dealt with under the Aged Inventory criteria.

 

		4.3	A material review process will be held monthly between MANUFACTURER and COMPANY. This review will cover,
but not be limited to: a) open POs between COMPANY and MANUFACTURER due to be delivered and their planned build schedules; b) Products
stock holding; c) Sub-Assemblies quantities; d) open POs that COMPANY has on the Component supply base and the proposed Delivery dates
of said POs; and e) any Component issues of which either Party is aware.

 

		4.4	MANUFACTURER shall either accept the PO with a PO Acknowledgement with the requested date for completion
of the Products, Services and/or Additional Services or advise the date on which it reasonably expects to be able to make Delivery of
the Products, Services or Additional Services.

 

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		4.5	The time of Delivery shall be as acknowledged in the PO Acknowledgement and MANUFACTURER shall use all
reasonable efforts to comply with the date of Delivery of Products, Services and Additional Services in each accepted PO.

 

		4.6	MANUFACTURER will notify COMPANY (email being acceptable for this purpose) of any potential Delivery delays
and the cause of the delay promptly on becoming aware of such potential delay. If the potential Delivery delay is caused by the supply
of Components, then MANFACTURER will undertake special actions with the supplier(s) to expedite Deliveries so that MANUFACTURER can Deliver
Products as near to the original Delivery date as possible.

 

		4.7	Certain Products’ Delivery dates may be defined by the COMPANY, from time to time, as being critical
Products requiring additional assurance that Delivery date will be met. MANUFACTURER will confirm that the Delivery date will be met,
and if there is risk of that Delivery date being missed, then MANUFACTURER will outline what actions are being taken to mitigate that
risk and to meet the required Delivery date.

 

		4.8	COMPANY may, from time to time, authorize MANUFACTURER to purchase Long Lead Time Components outside of
the Forecast process in order to support future supply of Components. To support this process COMPANY will issue a separate PO to MANUFACTURER
to cover these Components.

 

		4.9	If there is a conflict between this Agreement and an agreed PO, the terms of this Agreement will prevail.
Should a specific conflict arise, then it can be accepted with written agreement (email being acceptable) by both Parties through their
authorized signatories. The conflict must be specified on the appropriate document (i.e. PO, etc.).

 

		5.	Obsolete Inventory, Aged Inventory, and Consignment Stock Management

 

		5.1	Aged Inventory — When MANUFACTURER has identified Aged Inventory, and COMPANY has agreed
that proposed Inventory is Aged, COMPANY shall, upon written notice from MANUFACTURER either: (a) provide MANUFACTURER with a Forecast
and/or PO to use such Aged Inventory within thirty (30) days of notification; (b) issue MANUFACTURER a PO in the amount of the
Component value of the Aged Inventory, which shall be invoiced by MANUFACTURER at the agreed payment terms in this Agreement and held
at MANUFACTURER’s site as Consignment Stock, or disposed of as instructed by COMPANY.

 

		5.2	Obsolete Inventory — When MANUFACTURER has any Obsolete Inventory, COMPANY shall, upon notice
from MANUFACTURER, provide instructions to MANUFACTURER to either ship or scrap the Obsolete Inventory, upon which MANUFACTURER shall
invoice COMPANY for the Component value of such Obsolete Inventory at the agreed payment terms in this Agreement.

 

		5.3	Inventory Mitigation — MANUFACTURER will use all reasonable efforts to minimize Component
liability for Aged Inventory and Obsolete Inventory, which shall include returning Components to, or restocking Components with, suppliers,
cancelling orders with suppliers, or using Components to meet the current demand of other MANUFACTURER’s customers. COMPANY agrees
to reasonably assist MANUFACTURER in such efforts, if appropriate and requested by MANUFACTURER. COMPANY acknowledges that MANUFACTURER’s
mitigation efforts, even if successful, may result in cancellation, restocking, and similar charges imposed by suppliers. MANUFACTURER
will obtain COMPANY’s written approval prior to incurring such charges. If so approved by COMPANY, COMPANY will pay MANUFACTURER
for the charges imposed within the agrees payment terms of this Agreement.

 

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		5.4	Consignment Stock

 

		5.4.1	All Consignment Stock is the exclusive property of COMPANY, and MANUFACTURER shall hold Consignment Stock
in trust for COMPANY. Title to each item of Consignment Stock shall remain in COMPANY until (a) MANUFACTURER withdraws such item
from Consignment Stock to use in manufacturing Products or (b) MANUFACTURER returns such item of Consignment Stock to COMPANY at
COMPANY’S request.

 

		5.4.2	MANUFACTURER may only withdraw Components and/or Sub-Assemblies from Consignment Stock for incorporation
into Products or to return to COMPANY at COMPANY’s request. MANUFACTURER shall use those Components or Sub-Assemblies that have
been stocked for the longest period of time in order to avoid deterioration and obsolescence of the Consignment Stock.

 

		5.4.3	If there is any Consignment Stock, then MANUFACTURER will use such Consignment Stock which is relevant
to fulfill new POs before MANUFACTURER uses other Components or Sub-Assemblies. MANUFACTURER will issue a credit note to COMPANY for any
Consignment Stock used in manufacturing Product at the same price that COMPANY paid for such Consignment Stock.

 

		5.4.4	MANUFACTURER will use all reasonable efforts to prevent any loss of, damage to or destruction of the Consignment
Stock, including but not limited to damage to or destruction thereof due to fire, water, casualty or theft.

 

		5.4.5	MANUFACTURER shall be responsible for the safe and orderly storage of the Consignment Stock at it’s
facility separate from any other products in a manner reasonably satisfactory to COMPANY. MANUFACTURER will take such reasonable actions
as may be necessary to show at all times that the Consignment Stock is the property of COMPANY, and MANUFACTURER will provide and display
signs evidencing COMPANY’s ownership at the places designated by COMPANY. MANUFACTURER shall make appropriate entries in its books
showing that the same is held for the account of COMPANY.

 

		5.4.6	MANUFACTURER shall keep accurate records concerning the receipt, storage and shipment of Consignment Stock.
Upon reasonable advance notice and during normal business hours, COMPANY may examine and make copies of any of MANUFACTURER’s records,
reports, files or books maintained in connection with Consignment Stock. Upon reasonable advance notice and during normal business hours,
COMPANY’S representatives may enter the MANUFACTURER’s facility for the purpose of inspecting Consignment Stock or taking
inventory of Consignment Stock and reconciling this inventory with MANUFACTURER’s inventory records. If as a result of an inventory
count, there is any shortage in the Consignment Stock, such shortage shall be invoiced by COMPANY to MANUFACTURER at the Price COMPANY
paid for such Consignment Stock.

 

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		5.4.7	MANUFACTURER will keep Consignment Stock free from all third party claims and other encumbrances arising
by or through MANUFACTURER and will not mortgage, pledge, hypothecate or give or contract to give any security interest of any kind in
any of the Consignment Stock, or assign any right therein to anyone except COMPANY, or sell or otherwise dispose of any Consignment Stock
except as provided in this Agreement. MANUFACTURER will pay all costs, expenses and disbursements incurred by COMPANY in protecting its
title to and security interest in Consignment Stock against any such claims or encumbrances.

 

		5.5	Inventory Reporting — MANUFACTURER will provide a written report once per month detailing
the level of Aged Inventory, Obsolete Inventory, and Consignment Stock at MANUFACTURER’s facility. COMPANY will respond to MANUFACTURER
in writing within seven (7) working days of receipt of the monthly inventory report with any good faith disagreement to it, detailing
with reasonable particularity the nature of any such disagreement. COMPANY’s failure to respond within such period will represent
its acceptance of this report. Should COMPANY disagree with the monthly inventory report, both Parties will work in good faith to promptly
resolve the disagreement, escalating such disagreement to executive management at the request of either Party. Any undisputed portion
of this report shall be resolved pursuant to this Section.

 

		5.6	During COMPANY’s annual stocktake, or at other nominated times during the year, MANUFACTURER will,
acting as an independent third party, provide reasonable support to COMPANY and its auditors in the form of validation reports and communications
regarding COMPANY’s Products and other assets held on MANUFACTURER’s premises.

 

		6.	Payment Terms

 

		6.1	Following Acceptance of Products, Services and/or Additional Services, COMPANY shall pay, by electronic
transfer of funds through Bankers’ Automated Clearing Services (“BACS”), MANUFACTURER’S invoices for Products,
Services and/or Additional Services on terms of [***] days EOM, except as otherwise agreed by both Parties in writing. All payments
made under this Agreement shall be made in US Dollars. COMPANY shall make queries of any believed discrepancies regarding invoices within
ten (10) working days from the date of receipt. COMPANY shall pay the undisputed part of any invoice that is the subject of a dispute
within the agreed terms.

 

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		7.	Product Pricing and Change Control

 

		7.1	Product Prices are quoted in US Dollars ($s) Ex Works MANUFACTURER’S manufacturing facility, unless
otherwise agreed in writing by MANUFACTURER and reflected in MANUFACTURER’s quotation. Initial Product Prices are outlined in Appendix
1 and Appendix 2. These are based on MANUFACTURER’S full turnkey quotation as of the signing of this Agreement. All POs issued by
COMPANY to MANUFACTURER will be based on the pricing agreed between both parties at that time. In addition to the prices quoted or
invoiced, COMPANY agrees to pay any taxes duties or fees assessed the Product, excluding any taxes on MANUFACTURER’s income. In
the event Manufacture is required to pay such tax, duty or fee, COMPANY shall reimburse MANUFACTURER within ten (10) working days
of written demand. If the transaction between MANUFACTURER and COMPANY is exempt from all such taxes, duties and/or fees, COMPANY shall
provide MANUFACTURER with a tax exemption certificate or other document acceptable to the applicable authorities at the time the PO. The
prices quoted do not include, unless specifically stated otherwise, the costs related to obtaining approvals or certifications of the
Products by third party certifying bodies, such as UL, CE, VDE, CSA, FCC, or any other regulatory body.

 

		7.2	No Component price increase agreed by MANUFACTURER with any supplier will be effective against COMPANY
without prior written agreement with COMPANY.

 

		7.3	The Parties may agree in writing (email from the Parties’ authorized signatories being acceptable)
to treat any specific Component price change (increase or decrease) as PPV for a specific build and not adjust the Price of the Product.

 

		7.4	MANUFACTURER shall use commercially reasonable efforts to drive cost reductions over COMPANY’s Products
on a quarterly basis. This will include, but not be limited to, Component sourcing and price negotiation; productivity improvements through
the Production and test process; and overall efficiency improvements.

 

		7.5	If any Component or part price reduction was negotiated by COMPANY with a supplier, then one hundred percent
(100%) of the price reduction will apply to COMPANY upon implementation of the new price from the supplier(s).

 

		7.6	If any Component or part price reduction was negotiated by MANUFACTURER with a supplier, then one hundred
percent (100%) of the price reduction will apply to MANUFACTURER up to and including the end of the Quarter following the introduction
of that price reduction; thereafter one hundred percent (100%) of the price reduction will apply to COMPANY. “Quarter”
shall mean 31 March, 30 June, 30 September and 31 December.

 

		7.7	Pricing will be reviewed at Quarterly Business Review Meetings (“QBRs”) conducted by the Parties,
and if a price adjustment is agreed upon by the Parties, such price adjustment shall be reflected in an updated Appendix 1 and be implemented
on shipments by MANUFACTURER beginning on the day following such agreement.

 

		7.8	Change Control Process: COMPANY agrees to submit all Engineering Change Orders (“ECO”)
to MANUFACTURER in writing. MANUFACTURER will use commercially reasonable efforts to respond to COMPANY within five (5) working days
with a written evaluation of the ECO including: (a) any administrative costs to implement the ECO (b) any costs to modify tooling
or related non-recurring expenses; (c) any quantity of Components that will become Obsolete Inventory due to the ECO; (d) any
costs to rework work-in-progress Products; (e) any Product Price adjustment resulting from the ECO; (f) any expected effect
on the Delivery schedule; and (g) the manner in which the ECO will be implemented.

 

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		8.	Product Warranty and Repair

 

		8.1	MANUFACTURER warrants that, during the Warranty Period, Products Delivered under the terms of this Agreement:
(a) are manufactured in accordance with this Agreement; (b) have been tested in accordance with the Test Documentation and have
passed such testing; (c) comply with the Specifications; and (d) shall be free of defects in workmanship performed by MANUFACTURER.
This warranty will survive Acceptance of Products, Services and Additional Services for the term of the Warranty Period. With respect
to Components, MANUFACTURER will transfer to COMPANY any transferable Component warranties received from the suppliers of the Components.
If Components are returned under supplier’s warranty, MANUFACTURER will, on COMPANY’s behalf and without additional charge,
manage the return of any such Components to the supplier.

 

		8.2	MANUFACTURER will provide both in Warranty and Out of Warranty repair facilities as part of the Services.
All Products returned to Manufacturer require a returned material authorization (RMA) number to be issued prior to Product being returned.
The provision of an RMA number shall not be unreasonably refused or delayed. Any repair services requested of MANUFACTURER by COMPANY
not explicitly covered by the Warranty, including, but not limited to, upgrade services, Out-of-Warranty services, diagnostic analysis,
shall be performed by MANUFACTURER at its option and on a time and materials basis at terms to be agreed.

 

		8.3	MANUFACTURER will either, at it’s option and free of charge to COMPANY, repair or replace Products
not conforming to the warranties in this Section 8, provided such Products are returned within the Warranty Period to MANUFACTURER
bearing a return materials authorization (RMA) number issued by MANUFACTURER, securely packaged, with freight prepaid. MANUFACTURER will
make all reasonable efforts to respond to COMPANY promptly after receiving an RMA number request. MANUFACTURER’s warranty for replaced
or repaired Products shall be the longer of (a) the duration of the warranty remaining on the original Product returned under warranty,
or (b) one hundred and eighty (180) days from the date of shipment of the replaced or repaired Product. MANUFACTURER will return
any Products repaired or replaced pursuant to this paragraph to COMPANY with freight prepaid.

 

		8.4	Warranty repair or replacement services will operate on a ten (10) working day turn around cycle
after receipt at MANUFACTURER’S facility. All non-warranty repairs will operate on a twenty (20) working day turn around cycle
or any extended period reasonably agreed upon between the Parties.

 

    Page | 10 

    

    

 

		8.5	To the extent reasonably possible, MANUFACTURER shall obtain from Component suppliers all available warranties
with respect to Components for COMPANY’s benefit. Should a supplier seek to defend on grounds that MANUFACTURER committed error
and COMPANY can show such error was due to MANUFACTURER’s faulty workmanship, this shall be considered a defect in workmanship in
accordance with Section 8.1 above.

 

		8.6	MANUFACTURER shall not have any liability to repair or replace Products under this warranty to the extent
that Products are defective because of: (1) COMPANY’s Specifications; (2) malfunctions, defects, or failures resulting
from (a) misuse, (b) abuse, (c) accident, (d) neglect, (e) improper installation, operation or maintenance, (f) acts
of God, (g) alteration, modification, or repairs by any party other than MANUFACTURER; (3) any defect not made known by COMPANY
to MANUFACTURER as soon as practical after the defect first appears; (4) Components incorporated into the Product.

 

		8.7	MANUFACTURER will utilize and make available to COMPANY a serial number tracking process for all Products
manufactured and shipped. Both Parties will continue to work together to further develop these processes in line with business and legislative
requirements.

 

		8.8	If the Parties are unable to agree as to whether damage to or defect in a Product is properly the responsibility
of MANUFACTURER or COMPANY under this Agreement, either Party may send the Product for analysis to an independent laboratory or testing
house, whose decision on the cause of the damage or defect shall be final and binding; provided, however, that either Party shall have
the right to contest such decision in the event such Party has a good faith belief that the laboratory or testing house committed error.
The costs of the independent laboratory or testing house shall be borne by the Party which is established to be responsible for the damage
or defect and, if this cannot be established, the costs shall be borne equally by the Parties.

 

		8.9	THE FOREGOING CONSTITUTES COMPANY’S SOLE REMEDIES AGAINST MANUFACTURER FOR BREACH OF WARRANTY CLAIMS.
EXCEPT AS PROVIDED IN THIS SECTION, MANUFACTURER MAKES NO WARRANTIES WITH RESPECT TO THE PRODUCTS, SERVICES OR ADDITIONAL SERVICES HEREUNDER,
EXPRESS OR IMPLIED, INCLUDING ANY IMPLIED WARRANTIES RESPECTING NONINFRINGEMENT, OR MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE
OR ANY IMPLIED WARRANTIES ARISING FROM A COURSE OF PERFORMANCE, A COURSE OF DEALING, OR TRADE USAGE.

 

		8.10	The workmanship standard for Products is American National Standards Institute “Acceptability of
Electronic Standards IPC-A-610 Revision D Class II” and “Suggested Guidelines for Modification, Rework and Repair of Printed
Boards and Assemblies IPC-7711/21” or later revisions and amendments or as otherwise specified by COMPANY. The MANUFACTURER shall
comply with the above at all times during the Agreement and shall ensure the Services and Additional Services shall comply with all applicable
laws and regulations.

 

    Page | 11 

    

    

 

		9.	Title and Risk of Loss

 

		9.1	Title to each item of Products shall transfer to COMPANY upon Delivery of such Products.

 

		9.2	COMPANY shall be entitled to dispose of Products in the normal course of it’s business as principal
and to pass title, in good faith, of Products to any of its customers who is a bona fide purchaser for value without notice of MANUFACTURER’S
rights.

 

		9.3	The risk of loss in Products shall pass to COMPANY upon Delivery Ex-Works MANUFACTURER’s facility
in accordance with the Incoterms 2017.

 

		10.	Maintained Specifications

 

		10.1	COMPANY shall define and maintain the AVL, BOMs, and Specifications for Products by supplying a suitable
manufacturing package, including but not limited to detailed schematics, gerber files, PCB artwork, Component drawings, assembly drawings,
assembly instructions, Test Specifications, test procedures, test software. Changes to Specifications shall be controlled, documented
with associated cost implications and agreed by both Parties in writing using an Engineering Change Order (ECO) procedure prior to implementation.

 

		11.	Insurance

 

		11.1	MANUFACTURER will insure COMPANY owned assets held in MANUFACTURER’S premises up to the replacement
value while in MANUFACTURER’s possession. This includes, but is not limited to, Products and Consignment Stock stored in MANUFACTURER’S
secure warehouse and Testing Equipment provided by COMPANY for the manufacturing of COMPANY’s Products.

 

		11.2	MANUFACTURER will carry insurance to cover all of MANUFACTURER’s assets, equipment.

 

		11.3	Within one (1) month of the Effective Date, MANUFACTURER will submit a business continuity plan to
COMPANY outlining MANUFACTURER’s plans and measures to ensure minimal impact to COMPANY’S Delivery schedule in the event of
a major event affecting MANUFACTURER’s premises.

 

		12.	Non-Solicitation of Staff

 

		12.1	Each Party agrees that, during the term of this Agreement and for an additional period of twelve (12) months
after termination, it shall not directly or indirectly solicit for employment, offer to contract with or entice to leave, any employee
of or contractor of the other Party engaged in the performance of this Agreement without the prior consent of the other Party; provided,
however, that such Party shall not be prohibited from hiring any such employee or contractor who contacts such Party on his or her own
initiative and without any direct or indirect solicitation by such Party. A general advertisement for an employment position. This Agreement
shall in no way, however, be construed to restrict, limit or encumber the right of any employee granted by law.

 

    Page | 12 

    

    

 

		13.	Product Design; Intellectual Property

 

		13.1	COMPANY will supply all Testing Equipment (hardware and software) and knowledge transfer to enable MANUFACTURER
to fulfil its obligations under this Agreement. MANUFACTURER will provide engineering Services to assist with the integration and commissioning
of such Testing Equipment and interfacing into MANUFACTURER’s tracking systems. MANUFACTURER will supply general purpose Testing
Equipment normally required of the manufacture of Products of the type developed by COMPANY. COMPANY is solely responsible for the design
of Products.

 

		13.2	COMPANY is responsible for all safety and certification testing and associated costs. COMPANY will supply
copies of any appropriate safety and certification documents to MANUFACTURER upon request.

 

		13.3	Title to and ownership of all of COMPANY’s Proprietary Information regarding the Products and the
manufacture of the Products supplied by COMPANY to MANUFACTURER hereunder shall remain in COMPANY. COMPANY hereby grants MANUFACTURER
a limited, non-transferable, non-exclusive revocable license to use COMPANY’s Proprietary Information for the sole purpose of manufacturing,
testing and shipping the Products to COMPANY, free of any claim or allegation by COMPANY of misappropriation of COMPANY’S Proprietary
Information or infringement by MANUFACTURER of any COMPANY intellectual property rights covering COMPANY’s Proprietary Information;
provided, however, that MANUFACTURER’s rights and freedom of use in connection with the manufacture of Products for COMPANY hereunder
shall endure only for the term of this Agreement. Except for the limited license granted to MANUFACTURER in this Section 13, COMPANY
owns and retains all rights in and to the COMPANY’s Proprietary Information and any other confidential or intellectual property
rights of COMPANY. After the termination or expiration of this Agreement, (I) such license shall expire and MANUFACTURER shall have
no further rights to use COMPANY’s Proprietary Information, and (ii) MANUFACTURER shall return to COMPANY all written documents
and other materials relating to COMPANY’s Proprietary Information. Notwithstanding the foregoing, title to and ownership of any
software, technology, trade secrets, know-how and information on MANUFACTURER manufacturing process technology (“MANUFACTURER’s
Proprietary Information”) used by MANUFACTURER hereunder shall remain the property of MANUFACTURER.

 

		13.4	COMPANY owns the intellectual property rights (IPR) in Products and Documentation produced or developed
under this Agreement and nothing in this Agreement confers any right or license on MANUFACTURER to make use of such IPR except insofar
as required to enable the manufacture and supply of Products, Services and Additional Services. MANUFACTURER warrants and undertakes that
any IPR in any contribution by MANUFACTURER (including any employees or consultants working for MANUFACTURER) in any Services and Additional
Services provided under this Agreement shall be assigned without limitation to COMPANY, except for any of MANUFACTURER’s manufacturing
process technology. The manufacture of the Products by MANUFACTURER for COMPANY hereunder does not convey to either Party any rights or
license, express or implied, or by estoppel or otherwise, under any trade secret, patent, trademark, copyright or maskwork of the other
Party, except as may be necessary for each Party to perform under this Agreement. Each Party expressly reserves all rights under trade
secrets, patents, trademarks, copyrights or maskworks owned by such Party.

 

    Page | 13 

    

    

 

		14.	Indemnity and Limit of Liability

 

		14.1	MANUFACTURER shall, at its expense, defend, indemnify and hold COMPANY including its parent company, subsidiaries,
affiliates, officers, directors, employees, agents and representatives harmless from and against any and all judgments, liabilities, claims,
demands, actions, suits and proceedings, expenses and costs (including reasonable attorneys’ fees) to the extent arising from any
3rd party bodily injuries, death, or damage of tangible property based on or arising out of: (i) any claims or demands relating to
the use of MANUFACTURER’s Intellectual Proprietary Information in relation to the manufacturing processes employed in the manufacture
of the Product where such process was not specifically directed by COMPANY; or (ii) any claims or demands arising out of a manufacturing
defect to the extent solely caused by Plexus negligence. COMPANY shall give written notice of any claim or potential claim to MANUFACTURER
within a reasonable time following the time at which COMPANY first became aware of the circumstances which gave rise to such claim for
indemnification hereunder. MANUFACTURER shall have control of any litigation and appointment of counsel in defense of any third party
claims for which COMPANY seeks indemnification hereunder and COMPANY shall provide reasonable assistance to MANUFACTURER, at MANUFACTURER’s
expense, in the defense of any such action. No suit or proceeding shall be settled or compromised without the prior written consent of
COMPANY. The obligation to indemnify under this Section 14.1 shall survive the termination or expiration of this Agreement.

 

		14.2	COMPANY shall, at its expense, defend, indemnify and hold MANUFACTURER including its parent company, subsidiaries,
affiliates, officers, directors, employees, agents and representatives harmless from and against any and all judgments, liabilities, claims,
demands, actions, suits and proceedings, expenses and costs (including reasonable attorneys’ fees) to the extent arising from any
(a) negligent or defective designs or Specifications of the Products, or (b) infringement by the Products of any third party
intellectual property right, except to the extent of any third party intellectual property claim, for which MANUFACTURER is obliged to
indemnify COMPANY under Section 14.1 (i)above, or (c) third party bodily injury, death or tangible property damage to the extent
caused by negligence of COMPANY. MANUFACTURER shall give written notice of any claim or potential claim to COMPANY within a reasonable
time following the time at which MANUFACTURER first became aware of the circumstances which gave rise to such claim for indemnification
hereunder. COMPANY shall have control of any litigation and appointment of counsel in defense of any third party claims for which MANUFACTURER
seeks indemnification hereunder and MANUFACTURER shall provide reasonable assistance to COMPANY, at COMPANY’s expense, in the defense
of any such action. No suit or proceeding shall be settled or compromised without the prior written consent of MANUFACTURER. The obligation
to indemnify under this Section 14,2 shall survive the termination or expiration of this Agreement.

 

    Page | 14 

    

    

 

		14.3	IN NO EVENT SHALL EITHER PARTY BE LIABLE TO THE OTHER PARTY FOR ANY INDIRECT, INCIDENTAL, CONSEQUENTIAL,
SPECIAL OR PUNITIVE DAMAGES OF ANY KIND OR NATURE ARISING OUT OF OR RELATING TO THIS AGREEMENT, INCLUDING WITHOUT LIMITATION ANY DAMAGES
ARISING FROM LOSS OF PROFITS, LOSS OF REVENUE AND/OR LOSS OF USE, WHETHER SUCH LIABILITY IS BASED IN CONTRACT, TORT, NEGLIGENCE, STRICT
LIABILITY OR OTHERWISE, EVEN IF SUCH PARTY HAD BEEN WARNED OF THE POSSIBILITY OF ANY SUCH DAMAGES.

 

		14.4	THE EXCLUSIONS AND LIMITATIONS SET FORTH IN SECTION 14.3 SHALL NOT APPLY IN CASE OF WILLFUL MISCONDUCT
OR IN ANY OTHER CASE WHERE LIABILITY IS MANDATORY AT LAW.

 

		14.5	Following termination, neither Party shall have any further obligation to the other and any termination
shall discharge the Parties from any liability or obligation for further performance of this Agreement. This shall not apply to any liabilities
or obligations accrued prior such termination.

 

		14.6	Sections 8, 12.1, 13.4, 14.1, 14.2, 14.3, 14.4, and 15.7 shall survive termination, cancellation
or expiration of this Agreement

 

		15.	Duration and Termination

 

		15.1	Unless sooner terminated as provided in this Section 15, the term of this Agreement shall be twenty
four (24) months commencing on the Effective Date (“Initial Term”) and shall automatically renew for the renewal terms
of twelve (12) months unless either Party provides a written termination notice to the other Party under this Section 15.

 

		15.2	Subject to Section and Sections 15.3, 15.4 and 15.5, either Party may terminate this Agreement for
convenience on one hundred eighty (180) days’ prior written notice to the other

 

		15.3	If MANUFACTURER defaults in making payment as required in this Agreement and fails to remedy such default
within thirty (30) days following receipt of notice, commits an act of bankruptcy or winding up, enters into liquidation, becomes
unable to pay its debts as they fall due, or if a receiver or administrator is appointed over all or any part of its assets (other than
for the purpose of solvent reorganization) or suffers any similar action or event, COMPANY may, without prejudice to any rights or remedies
under this Agreement, terminate this Agreement with immediate effect on written notice to MANUFACTURER. MANUFACTURER shall immediately
notify COMPANY of the above event in writing and grant COMPANY unencumbered access to all Documentation and COMPANY-owned equipment during
MANUFACTURER’s normal working hours or otherwise by appointment.

 

		15.4	If COMPANY defaults in making payment as required in this Agreement and fails to remedy such default within
thirty (30) days following receipt of notice, commits an act of bankruptcy or winding up, enters into liquidation, becomes unable
to pay its debts as they fall due, or if a receiver or administrator is appointed over all or any part of its assets (other than for the
purpose of solvent reorganization) or suffers any similar action or event, MANUFACTURER may cancel any further Deliveries under this Agreement
or stop any Products in transit and may, without prejudice to any rights or remedies under this Agreement, terminate this Agreement with
immediate effect on written notice to COMPANY. MANUFACTURER shall have the right to enter COMPANY’s premises and recover any Products
or Components thereon for which COMPANY has not paid and sell the same to the value of the outstanding debt, if any.

 

    Page | 15 

    

    

 

		15.5	If either Party is in material breach of any of the provisions of this Agreement and if, upon receipt
of written notice from the other Party giving full particulars of the breach and requiring it to be remedied, the breaching Party fails
to remedy the breach within twenty-eight (28) days, or such other period as the Parties may agree, or, in the case of a breach which
is incapable of remedy within such time, fails to begin to remedy the breach within twenty-eight (28) days and to diligently pursue
such remedy to completion thereafter, then the non-breaching Party may, without prejudice to any rights or remedies under this Agreement,
terminate this Agreement with immediate effect on written notice to the breaching Party.

 

		15.6	If either Party suffers an event of Force Majeure and, following review by the Parties in accordance with
Section 16.3, the event of Force Majeure is expected to continue beyond the date of review for a period in excess of thirty (30) days
and its effects cannot be alleviated through reasonable efforts or no suitable alternative arrangements can be made, then the other Party
may, without prejudice to any rights or remedies under this Agreement, terminate this Agreement with immediate effect on written notice.

 

		15.7	In the event of termination of this Agreement for whatever reason the, Parties shall act in a professional
manner to achieve an orderly disengagement with the intention of minimizing disruption and problems for both Parties and achieve for the
COMPANY a transition to any replacement manufacturer, if applicable. During any period of notice of termination, all rights and obligations
under this Agreement shall remain in force and shall continue beyond the date of termination until discharged. For the avoidance of doubt,
COMPANY shall continue to be liable for payment for the Price for Services, Products and Components supplied by MANUFACTURER up to the
date of termination on the terms of this Agreement and for Products, Services, work in progress and Components held by MANUFACTURER and
for MANUFACTURER’s non-cancellable commitments for Components which have been procured or ordered on the terms of this Agreement,
as of the date of termination and MANUFACTURER will continue to complete its obligations. MANUFACTURER will use all reasonable efforts
to minimize cancellation, restocking similar charges imposed by its suppliers.

 

		15.8	MANUFACTURER shall Deliver to COMPANY all Testing Equipment within seven (7) days of termination
of this Agreement or by such other date agreed in writing between the Parties. MANUFACTURER shall Deliver to the COMPANY all Documentation,
(or at the COMPANY’s election, destroy and provide a certificate to the COMPANY of destruction of such Documentation) within seven
(7) days of termination of this Agreement.

 

    Page | 16 

    

    

 

		16.	Force Majeure

 

		16.1	In the event that either Party is prevented from carrying out its obligations under this Agreement as
a result of any cause beyond its reasonable control, including, but not limited to, war or hostilities, terrorism or the effects of terrorism,
riot and civil commotion, denial of public utilities or means of transport, fire, flood and other natural disasters (“Force Majeure
Event”), the Party affected by the Force Majeure Event shall have its obligations suspended for as long as such fulfilment is prevented
by the Force Majeure Event.

 

		16.2	The Party affected by Force Majeure Event shall promptly notify the other Party of the nature, extent
and (if possible) the likely duration of the circumstances in question.

 

		16.3	If the Force Majeure Event continues for or is expected to continue for a period of more than thirty (30) consecutive
calendar days, the Parties shall enter into bona fide discussions with a view to alleviating its effects or to agreeing upon such alternative
arrangements as may be fair and reasonable. In the event the Parties are unable to reach agreement, either Party may terminate this Agreement
on no less than seven (7) days written notice.

 

		17.	Waiver

 

		17.1	No waiver of any provision, right or remedy contained in this Agreement, including the terms of this Section,
is binding on, or effective against, a Party unless expressly set forth in writing and signed by such Party’s authorized representative.
The Parties expressly agree that no right or remedy provided for in this Agreement can be waived through course of dealing, course of
performance or trade usage. Each Party expressly agrees and acknowledges that reliance on any waiver without the written consent of the
other Party is unreasonable. Waiver of any breach will be limited to the specific breach so waived a n d will not be construed as a waiver
of any subsequent breach.

 

		18.	Non-Disclosure

 

		18.1	The Parties are party to a Non-Disclosure Agreement signed 23rd April 2013, which is incorporated
into and made a part of this Agreement by this reference (the “NOA”). The Parties agree that the NOA shall apply to this Agreement
as if set forth fully herein for the term of this Agreement and for a period of three (3) years following expiration or termination
of this Agreement.

 

		19.	Compliance with Laws

 

		19.1	MANUFACTURER, in the performance of this Agreement, will comply with all applicable laws, codes, regulations
and ordinances, including all environmental, health and safety laws and all applicable equal opportunity requirements. MANUFACTURER will
not discriminate against any person because of race, creed, colour, national origin, religion, age or sex in any term or condition of
employment in violation of any applicable laws. MANUFACTURER will give all notices required by laws bearing on the performance of Services
and Additional Services or MANUFACTURER’s employment practices. MANUFACTURER will obtain, at its sole expense, all necessary permits
and licenses related to its performance of Services or Additional Services prior to commencement of such Services or Additional Services
and make copies of all such permits and licenses available to COMPANY upon request. If Services or Additional Services involve or require
MANUFACTURER to transport or dispose of any material or waste, prior to beginning such Services or Additional Services, MANUFACTURER will
furnish COMPANY with copies of all applicable or required permits and licenses and notify COMPANY in writing of the final and any interim
destination of the material or waste, including in such notice verification that the place of disposal is validly authorized and permitted
to accept the material or waste. In connection with this Agreement, the parties shall comply with all applicable international trade laws,
including but not limited to laws and regulations regarding export controls, economic sanctions, trade embargoes and anti-boycott restrictions,
and all applicable anti-corruption laws, including but not limited to the U.S. Foreign Corrupt Practices Act (as amended) and the United
Kingdom Bribery laws.

 

    Page | 17 

    

    

 

		20.	Entire Agreement

 

		20.1	This Agreement, together with attached Appendices and documents incorporated by reference, represents
the entire Agreement and understanding between the Parties with respect to the subject matter and supersedes any arrangements, understandings,
statements, promises or agreements relating to the subject matter of this Agreement made or existing between the Parties prior to or simultaneously
with this Agreement. Except as otherwise provided herein, no addition, amendment to or modification of this Agreement shall be effective
unless it is in writing and signed by and on behalf of both Parties.

 

		20.2	This Agreement supersedes any pre-printed terms and conditions on POs from COMPANY or on PO Acknowledgements.

 

		20.3	The Parties acknowledge that none of them has entered into this Agreement in reliance upon any statement,
representation or warranty other than the warranties contained or referred to in this Agreement, provided that nothing in this Section
purports to exclude any liability for any representations made fraudulently.

 

		21.	Severability

 

		21.1	If any provision or part of a provision contained in this Agreement is held by a court of competent jurisdiction
to be contrary to law or public policy, the remaining provisions of the Agreement will remain in full force and effect.

 

		22.	Assignment of Agreement and Third Party Rights

 

		22.1	This Agreement or any of its rights or responsibilities may not be assigned or delegated by a Party to
a third party without the prior written consent of the other Party and any attempt to do so shall be void and of no force or effect. No
form of trust of the benefits arising from this Agreement shall be created.

 

		22.2	The Parties do not intend any term of this Agreement to be enforceable by a third party.

 

    Page | 18 

    

    

 

		23.	Notices

 

		23.1	All notices and other communications required or permitted to be given under this Agreement shalt be in
writing and delivered by: (a) hand-delivery; (b) certified mail, return receipt requested; (c) email with receipt confirmed,
or (d) overnight courier with a reliable tracing system and proof of receipt, to each of the Parties to the following persons at
the respective registered office of the Parties as stated at the beginning of this Agreement: For COMPANY, DAVID BRANT or other Director
of COMPANY; For MANUFACTURER, Cape EMS Manufacturing (M) Sdn Bhd & Cape Manufacturing (M) Sdn Bhd or other Customer
Management representative of MANUFACTURER. Notices are effective upon receipt. Either Party may change its address for the giving of notice
by so notifying the other Party by ten (10) days’ prior written notice given in the manner set forth in this Section.

 

		24.	Headings

 

		24.1	The headings of the paragraphs of this Agreement are inserted for convenience of reference only and are
not intended to be part of or affect the meaning or interpretation of this Agreement. In this Agreement, the singular includes the plural
and vice versa to the extent that the context so requires or admits.

 

		25.	Law

 

		25.1	The Parties hereby agree that this Agreement and the provisions hereof shall be governed and construed
in accordance with English Law and the Parties hereby submit to the non-exclusive jurisdiction of the English courts. The sale of Products
hereunder shall not be governed by, or subject to, the United Nations Convention on Contracts for the International Sale of Goods. The
Contracts (Rights of Third Parties) act, 1999 is expressly excluded from this Agreement and therefore a person who is not a party to this
Agreement has no right to benefit under or to enforce any terms of this Agreement.

 

		26.	Independent Contractors

 

		26.1	Each Party is acting as an independent contractor and not as an agent, partner or joint venture with the
other Party for any purpose. Except as provided in this Agreement, neither Party shall have any right, power or authority to act or to
create any obligation, express or implied on behalf of the other.

 

    Page | 19 

    

    

 

IN WITNESS WHEREOF the Parties hereto have each signed
this Agreement as of the day and year first above written.

 

	Signed for and on behalf of MANUFACTURER:	 	 
	 	 	 	 
	By:	/s/ Cliff Teo	 	 
	Printed Name:  Cliff Teo	 	 
	Title:  Business Development Vice President	 	 
	 	 	 	 
	In the presence of witness:	 	 
	 	 	 	 
	Name: EL
LIM	 	 
	 	 	 	 
	Position:  Project Management Director	 	 
	 	 	 	 
	Signed for and on behalf of COMPANY:	 	 
	 	 	 	 
	By:	/s/ Patrick Murphy	 	 
	Printed Name: Patrick Murphy	 	 
	Title: SVP Operations	 	 
	 	 	 	 
	In the presence of witness:	 	 
	 	 	 	 
	Name: Valentine Stewart	 	 
	 	 	 	 
	Position: Engineering Director	 	 

 

    Page | 20 

    

    

 

APPENDIX 1: Product Pricing

 

 

 

 

    Page | 21 

    

    

 

Appendix 2: Sub-Assembly Pricing

 

 

 

 

    Page | 22 

    

    

 

APPENDIX 3: Additional Services

 

Additional Services

 

The following Additional Services shall be provided
by the MANUFACTURER some of which shall be paid for at rates agreed in a PO and subject to any specific terms stated and agreed upon in
writing:

 

Specific project work

Engineering support and development

Design for Manufacturability (DFM)

PCB layout

Mechanical design support

Test development for both hardware and software

Repairs of Products outside of the Warranty Period

New Component introduction services

 

    Page | 23

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