Document:

EX-10.1

EMPLOYMENT AGREEMENT

This EMPLOYMENT AGREEMENT is made and entered into as of this 9th day of December,
2013 by and between Allied World Assurance Company Holdings, AG, a Swiss company (the
“Company”), and Thomas A. Bradley (“Employee”).

W I T N E S S E T H:

WHEREAS, the Company desires to employ Employee and to enter into an agreement embodying the
terms of such employment (this “Agreement”) and Employee desires to enter into this
Agreement and to accept such employment, subject to the terms and provisions of this Agreement;

NOW, THEREFORE, in consideration of the promises and mutual covenants contained herein and for
other good and valuable consideration, the receipt and sufficiency of which are mutually
acknowledged, the Company and Employee hereby agree as follows:

Section 1. Definitions.

(a) “Accrued Obligations” shall mean (i) all accrued but unpaid Base Salary through
the date of termination of Employee’s employment; (ii) any unpaid or unreimbursed expenses incurred
in accordance with Company policy, including amounts due under Section 7 hereof, to the extent
incurred prior to termination of employment; (iii) any benefits provided under the Company’s
employee benefit plans upon a termination of employment, in accordance with the terms therein,
including rights to equity in the Company pursuant to any plan or grant; and (iv) rights to
indemnification by virtue of Employee’s position as an officer or director of the Company or any
other member of the Company Group and the benefits under any directors’ and officers’ liability
insurance policy maintained by the Company, in accordance with its terms thereof.

(b) “Agreement” shall have the meaning set forth in the recitals hereto.

(c) “Annual Bonus” shall have the meaning set forth in Section 4(b) below.

(d) “Base Salary” shall mean the salary provided for in Section 4(a) or any increased
salary granted to Employee pursuant to Section 4(a) below.

(e) “Board” shall mean the Board of Directors of the Company.

(f) “Cause” shall mean (i) Employee’s willful failure (except where due to physical or
mental incapacity), willful neglect or willful refusal to substantially perform his duties; (ii)
any willful or intentional act of Employee with regard to any member of the Company Group that has
the effect of injuring the reputation or business of any member of the Company Group in a material
manner; (iii) Employee’s conviction of, or plea of guilty or nolo contendere to, the
commission of a criminal act that would constitute a felony in the United States; (iv) the
commission by Employee of an act of fraud, embezzlement or material dishonesty against any member
of the Company Group (other than a good faith expense account dispute); or (v) Employee’s breach of
any material provision of this Agreement.

(g) “Change in Control” shall mean and be deemed to occur if (i) any “person” (as
such term is defined in Section 3(a)(9) and as used in Sections 13(d) and 14(d) of the Exchange
Act), excluding any member of the Company Group, a trustee or any fiduciary holding securities
under an employee benefit plan of any member of the Company Group, an underwriter temporarily
holding the Company’s securities pursuant to an offering of such securities or a corporation owned,
directly or indirectly, by shareholders of the Company in substantially the same proportion as
their ownership of the Company, is or becomes the “beneficial owner” as defined in Rule 13d-3 under
the Exchange Act, directly or indirectly, of securities of the Company representing 50% or more of
the combined voting power of the Company’s then outstanding securities (“Voting
Securities”); (ii) during any period of not more than two years, individuals who constitute the
Board as of the beginning of the period and any new director (other than a director designated by a
person who has entered into an agreement with the Company to effect a transaction described in
clause (i) or (iii) of this sentence) whose election by the Board or nomination for election by the
Company’s shareholders was approved by a vote of at least two-thirds (2/3) of the directors then
still in office who either were directors at such time or whose election or nomination for election
was previously so approved, cease for any reason to constitute a majority thereof; (iii) the
shareholders of the Company approve a merger, consolidation, amalgamation or reorganization or a
court of competent jurisdiction approves a scheme of arrangement of the Company, other than a
merger, consolidation, amalgamation, reorganization or scheme of arrangement which would result in
the Voting Securities of the Company outstanding immediately prior thereto continuing to represent
(either by remaining outstanding or by being converted into Voting Securities of the surviving
entity) at least 50% of the combined voting power of the Voting Securities of the Company or such
surviving entity outstanding immediately after such merger, consolidation, amalgamation,
reorganization or scheme of arrangement; or (iv) the shareholders of the Company approve a plan of
complete liquidation of the Company or any agreement for the sale or disposition by the Company of
all or substantially all of its assets.

(h) “Code” shall mean the United States Internal Revenue Code of 1986, as amended.

(i) “Commencement Date” shall mean December 9, 2013.

(j) “Company” shall have the meaning set forth in the preamble hereto.

(k) “Company Group” means the Company together with any direct or indirect subsidiary.

(l) “Competitive Activities” shall mean any business activities in which any member of
the Company Group is engaged, or has committed plans to engage, during the Term of Employment.

(m) “Confidential Information” shall have the meaning set forth in Section 9(a) below.

(n) “Delay Period” shall have the meaning set forth in Section 16 below.

(o) “Developments” shall have the meaning set forth in Section 9(e) below.

(p) “Disability” shall mean any physical or mental disability or infirmity that has
prevented the performance of Employee’s duties in all material respects for a period of one hundred
eighty (180) consecutive calendar days.

(q) “Employee” shall have the meaning set forth in the preamble hereto.

(r) “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended.

(s) “Expiration Date” shall have the meaning set forth in Section 2 below.

(t) “Good Reason” shall mean, without Employee’s written consent, (i) an adverse
change in Employee’s employment title; (ii) a material diminution in Employee’s employment duties
or responsibilities, or the assignment to Employee of duties that are materially inconsistent with
his position; (iii) any reduction in Base Salary or target Annual Bonus opportunity; or (iv) any
breach by the Company of any material provision of this Agreement.

(u) “Interfering Activities” shall mean (i) encouraging, soliciting or inducing, or in
any manner attempting to encourage, solicit or induce, any Person employed by, as agent of, or a
service provider to, any member of the Company Group to terminate (or, in the case of an agent or
service provider, reduce) such Person’s employment, agency or service, as the case may be, with any
member of the Company Group; provided, that the foregoing shall not be violated by general
advertising not targeted at employees of any member of the Company Group nor by serving as a
reference upon an employee’s request with regard to an entity with which Employee is not
affiliated; or (ii) encouraging, soliciting or inducing, or in any manner attempting to encourage,
solicit or induce any customer, supplier (including insurance brokers), licensee or other business
relation of any member of the Company Group to cease doing business with or reduce the amount of
business conducted with any member of the Company Group, or in any way interfere with the
relationship between any such customer, supplier (including insurance brokers), licensee or
business relation and any member of the Company Group.

(v) “Person” shall mean any individual, corporation, partnership, limited liability
company, joint venture, association, joint-stock company, trust (charitable or non-charitable),
unincorporated organization or other form of business entity.

(w) “Non-Interference Period” shall mean the period commencing on the Commencement
Date and ending on the twenty-four (24) month anniversary of the date of termination.

(x) “Non-Compete Period” shall mean the period commencing on the Commencement Date
and:

(i) in the case of Employee’s termination of employment hereunder by the Company for
Cause, ending on the date of such termination;

(ii) in the case of Employee’s termination of employment hereunder by the Company
without Cause or by Employee for Good Reason, ending on the twenty-four (24) month
anniversary of the date of such termination; or

(iii) in the case of Employee’s termination of employment hereunder by the Employee
without Good Reason, upon the Expiration Date or as a result of his Disability, ending on
the date of such termination; provided, however, that the Company may elect to extend the
Non-Compete Period up to an additional twelve (12) months following the date of such
termination by providing Employee written notice of such election within five (5) business
days following such termination specifying the applicable period of extension, in which
case, the Company shall be required to continue, through the end of the Non-Compete Period,
as so extended, (A) to pay Employee his Base Salary, in accordance with the Company’s
regular payroll practices, and (B) to provide participation under the Company’s health and
other insurance plans, or if such continued participation in is not permissible, provide
Employee with coverage that is economically equivalent to Employee through alternative
arrangements, or the cash value of such coverage, in a manner that places the Employee in a
net economic position that is at least equivalent to the position in which the Employee
would have been had such alternative arrangements not been used by the Company; provided,
however, that if the cash value is paid to Employee, it shall be paid to Employee no later
than the date that is one day prior to two and one-half months following the end of the
Company’s fiscal year in which such termination occurs.

(y) “Release Expiration Date” shall have the meaning set forth in Section 8(g) below.

(z) “Severance Multiplier” shall mean an amount equal to two (2); provided, however,
if Employee’s termination occurs within the twelve (12) month period following a Change in Control,
the Severance Multiplier shall equal three (3).

(aa) “Severance Term” shall mean the period specified in Section 8(d)(iii) below.

(bb) “Term of Employment” shall mean the period specified in Section 2 below.

Section 2. Acceptance and Term of Employment.

The Company agrees to employ Employee and Employee agrees to serve the Company on the terms
and conditions set forth herein. The Term of Employment shall commence on the Commencement Date
and shall continue until the day prior to the third (3rd) anniversary of the
Commencement Date, or if earlier, (i) the day Employee is terminated as provided in Section 8
hereof and (ii) (A) the day that any provision in this Agreement conflicts with any final rule or
regulation promulgated by the Swiss Federal Council or any other Swiss legislative body to enact
any provision of the Minder Initiative and (B) the employment agreement for any of the Company’s
executive management is terminated as a result of the Minder Initiative (the “Expiration
Date”). In the event Employee continues in the employ of the Company following the Expiration
Date, the nature of Employee’s employment at the Company will be “at will,” meaning that either the
Company or Employee may terminate his employment at any time, with or without notice, with or
without Cause, and for any reason or for no reason, and that none of the terms or provisions of
this Agreement shall continue to apply unless otherwise specifically provided for.

Section 3. Position, Duties and Responsibilities; Place of Performance.

(a) During the Term of Employment, Employee shall be employed and serve as Executive Vice
President & Chief Financial Officer of the Company (together with such other position or positions
consistent with Employee’s title as the Board or the officer of the Company to which Employee
reports shall specify from time to time) and shall have such duties typically associated with such
title. Subject to the foregoing, Employee also agrees to serve as an officer and/or director of
any other member of the Company Group, in each case without additional compensation.

(b) Subject to the terms and conditions set forth in this Agreement, Employee shall devote his
full business time, attention and efforts to the performance of his duties under this Agreement and
shall not engage in any other business or occupation during the Term of Employment, including,
without limitation, any activity that (x) conflicts with the interests of any member of the Company
Group, (y) interferes with the proper and efficient performance of his duties for the Company or
(z) interferes with the exercise of his judgment in the Company’s best interests. Notwithstanding
the foregoing, nothing herein shall preclude Employee from (i) serving, with the prior written
consent of the Company, as a member of the board of directors or advisory boards (or their
equivalents in the case of a non-corporate entity) of non-competing businesses and charitable
organizations, (ii) engaging in charitable activities and community affairs, and (iii) subject to
the terms and conditions set forth in Section 9 hereof, managing his personal investments and
affairs; provided, however, that the activities set out in clauses (i), (ii) and (iii) shall be
limited by Employee so as not to materially interfere, individually or in the aggregate, with the
performance of his duties and responsibilities hereunder.

(c) Employee’s principal place of employment shall be at the Company’s New York office,
although Employee understands and agrees that he may be required to travel from time to time for
business reasons. Employee agrees to spend 10% of his annual working time in Switzerland.

Section 4. Compensation.

During the Term of Employment, Employee shall be entitled to the following compensation:

(a) Base Salary. Employee shall be paid an annualized Base Salary, payable in
accordance with the regular payroll practices of the Company, of not less than $500,000, subject to
increase, if any, as may be approved in writing by the Company, but not to decrease from the then
current Base Salary.

(b) Annual Bonus. Employee shall be eligible for an annual incentive bonus award
determined by the Company in respect of each fiscal year during the Term of Employment (the
“Annual Bonus”). The Annual Bonus shall be earned and payable in accordance with the terms
of the Company’s annual bonus plan as in effect from time to time.

(c) Change in Control Acceleration. Notwithstanding any contrary terms of any Company
equity plan or other agreement pursuant to which equity-based awards have been granted to Employee,
upon the occurrence of a Change in Control, all such equity-based awards shall fully vest
immediately prior to such Change in Control.

Section 5. Employee Benefits.

During the Term of Employment, Employee shall be entitled to participate in health, insurance,
retirement and other perquisites and benefits generally provided to other senior executives of the
Company that are made available and as are in effect from time to time. Employee shall also be
entitled to the same number of holidays, vacation and sick days as are generally allowed to senior
executives of the Company in accordance with the Company policy in effect from time to time.
During the Term of Employment, Employee shall also be entitled to reimbursement or payment of the
cost of financial and tax planning, such reimbursement not to exceed $10,000 per year.

Section 6. “Key-Man” Insurance.

At any time during the Term of Employment, the Company shall have the right to insure the life
of Employee for the sole benefit of the Company, in such amounts, and with such terms, as it may
determine. All premiums payable thereon shall be the obligation of the Company. Employee shall
have no interest in any such policy, but agrees to reasonably cooperate with the Company in taking
out such insurance by submitting to physical examinations, supplying all information reasonably
required by the insurance company, and executing all necessary documents, provided that no
financial obligation or liability is imposed on Employee by any such documents.

Section 7. Reimbursement of Business Expenses.

Employee is authorized to incur reasonable business expenses in carrying out his duties and
responsibilities under this Agreement and the Company shall promptly reimburse him for all such
reasonable business expenses incurred in connection with carrying out the business of the Company,
subject to documentation in accordance with the Company’s policy, as in effect from time to time.

Section 8. Termination of Employment.

(a) General. The Term of Employment shall terminate earlier than the Expiration Date
upon the earliest to occur of (i) Employee’s death, (ii) a termination by reason of a Disability,
(iii) a termination by the Company with or without Cause, and (iv) a termination by Employee with
or without Good Reason. Upon any termination of Employee’s employment for any reason, except as
may otherwise be requested by the Company in writing and agreed upon in writing by Employee,
Employee shall resign from any and all directorships, committee memberships or any other positions
Employee holds with any member of the Company Group.

(b) Termination due to Death or Disability. Employee’s employment shall terminate
automatically upon his death. The Company may terminate Employee’s employment immediately upon the
occurrence of a Disability, such termination to be effective upon Employee’s receipt of written
notice of such termination. In the event Employee’s employment is terminated due to his death or
Disability, Employee or his estate or his beneficiaries, as the case may be, shall be entitled to:

(i) The Accrued Obligations;

(ii) Any unpaid Annual Bonus in respect to any completed fiscal year which has ended
prior to the date of such termination, such amount to be paid at the same time it would
otherwise be paid to Employee had no such termination occurred, but in no event later than
the date that is one day prior to two and one-half months following the end of the Company’s
fiscal year in which such termination occurs;

(iii) A pro rata Annual Bonus (determined using the target Annual Bonus if such
termination occurs during the fiscal year in which the Commencement Date falls, and using
the highest Annual Bonus paid or payable for the two immediately prior fiscal years for
terminations after the fiscal year in which the Commencement Date falls) based on the number
of days elapsed from the commencement of such fiscal year through and including the date of
such termination, such amount to be paid within five (5) business days of such termination;
and

(iv) Vesting, as of the date of such termination, in the number of equity-based awards,
if any, which would otherwise have vested during the one (1) year period immediately
following such termination (without regard to any subsequent vesting events).

Except as set forth in this Section 8(b), following Employee’s termination by reason of his death
or Disability, Employee shall have no further rights to any compensation or any other benefits
under this Agreement.

(c) Termination by the Company for Cause.

(i) A termination for Cause shall not take effect unless the provisions of this
subsection (i) are complied with. Employee shall be given not less than fifteen (15) days
prior written notice by the Company of the intention to terminate his employment for Cause,
such notice to state in detail the particular act or acts or failure or failures to act that
constitute the grounds on which the proposed termination for Cause is based. Employee shall
have fifteen (15) days after the date that such written notice has been given to Employee in
which to cure such act or acts or failure or failures to act, to the extent such cure is
possible. If he fails to cure such act or acts or failure or failures to act, the
termination shall be effective on the date immediately following the expiration of the
fifteen (15) day notice period. If cure is not possible, the termination shall be effective
on the date of receipt of such notice by Employee. During any cure period provided
hereunder, the Company may, in its sole and absolute discretion, prohibit Employee from
entering the premises of any member of the Company Group or otherwise performing his duties
hereunder, and any such prohibition shall in no event constitute an event pursuant to which
Employee may terminate employment with Good Reason; provided, however, that if cure is
possible, and Employee can reasonably demonstrate to the Company that he desires to enter
the premises of any member of the Company Group or to otherwise perform his duties hereunder
solely to attempt to cure the act or acts or failure or failures to act that constitute the
grounds on which the proposed termination for Cause is based, Employee shall be permitted to
enter the premises of any member of the Company Group or otherwise to perform his duties
hereunder solely for the purposes of curing such act or acts or failure or failures to act.

(ii) In the event the Company terminates Employee’s employment for Cause, he shall be
entitled only to the Accrued Obligations. Following such termination of Employee’s
employment for Cause, except as set forth in this Section 8(c)(ii), Employee shall have no
further rights to any compensation or any other benefits under this Agreement.

(d) Termination by the Company without Cause. The Company may terminate Employee’s
employment at any time without Cause, effective upon Employee’s receipt of written notice of such
termination. In the event Employee’s employment is terminated by the Company without Cause (other
than due to death or Disability), Employee shall be entitled to:

(i) The Accrued Obligations;

(ii) Any unpaid Annual Bonus in respect to any completed fiscal year which has ended
prior to the date of such termination, such amount to be paid at the same time it would
otherwise be paid to Employee had no such termination occurred, but in no event later than
the date that is one day prior to two and one-half months following the end of the Company’s
fiscal year in which such termination occurs;

(iii) An amount equal to the Severance Multiplier multiplied by the sum of his then
current Base Salary and Annual Bonus (determined using the target Annual Bonus if such
termination occurs during the fiscal year in which the Commencement Date falls, and using
the highest Annual Bonus paid or payable for the two immediately prior fiscal years for
terminations after the fiscal year in which the Commencement Date falls), payable in
substantially equal monthly installments over the period commencing on the date of
termination and ending on the date that is one day prior to two and one-half months
following the end of the Company’s fiscal year in which such termination occurs (the
“Severance Term”);

(iv) Continuation of participation under the Company’s health and other insurance plans
for a period of years equal to the Severance Multiplier, or if such continued participation
in is not permissible, provide Employee with coverage that is economically equivalent to
Employee through alternative arrangements, or the cash value of such coverage, in a manner
that places the Employee in a net economic position that is at least equivalent to the
position in which the Employee would have been had such alternative arrangements not been
used by the Company; provided, however, that if the cash value is paid to Employee, it shall
be paid to Employee no later than the date that is one day prior to two and one-half months
following the end of the Company’s fiscal year in which such termination occurs; and

(v) Vesting, as of the date of such termination, in the number of equity-based awards,
if any, which would otherwise have vested during the two (2) year period immediately
following such termination (without regard to any subsequent vesting events).

Notwithstanding the foregoing, the payments and benefits described in subsections (ii) through (iv)
above shall immediately cease, and the Company shall have no further obligations to Employee with
respect thereto, in the event that Employee breaches any provision of Section 9 hereof.

Following such termination of Employee’s employment by the Company without Cause, except as
set forth in this Section 8(d), Employee shall have no further rights to any compensation or any
other benefits under this Agreement. In no event shall the expiration of the Term of Employment on
the Expiration Date constitute a termination without Cause hereunder.

(e) Termination by Employee with Good Reason. Employee may terminate his employment
with Good Reason by providing the Company fifteen (15) days prior written notice setting forth in
reasonable specificity the event that constitutes Good Reason, which written notice, to be
effective, must be provided to the Company within ninety (90) days of the occurrence of such event.
During such fifteen (15) day notice period, the Company shall have a cure right (if curable), and
if not cured within such period, Employee’s termination will be effective upon the date immediately
following the expiration of the fifteen (15) day notice period, and Employee shall be entitled to
the same payments and benefits as provided in Section 8(d) above for a termination without Cause,
it being agreed that Employee’s right to any such payments and benefits shall be subject to the
same terms and conditions as described in Section 8(d) above. Following such termination of
Employee’s employment by Employee with Good Reason, except as set forth in this Section 8(e),
Employee shall have no further rights to any compensation or any other benefits under this
Agreement.

(f) Termination by Employee without Good Reason. Employee may terminate his
employment without Good Reason by providing the Company thirty (30) days prior written notice of
such termination. In the event of a termination of employment by Employee under this Section 8(f),
Employee shall be entitled only to the Accrued Obligations. In the event of termination of
Employee’s employment under this Section 8(f), the Company may, in its sole and absolute
discretion, by written notice accelerate such date of termination and still have it treated as a
termination without Good Reason. Following such termination of Employee’s employment by Employee
without Good Reason, except as set forth in this Section 8(f), and, if applicable, such additional
compensation and benefits described in Section 1(x)(iii), Employee shall have no further rights to
any compensation or any other benefits under this Agreement.

(g) Release. Notwithstanding any provision herein to the contrary, the Company may
require that, prior to payment of any amount or provision of any benefit pursuant to subsections
(d) or (e) of this Section 8, Employee shall have executed a general release in favor of the
Company and any other member of the Company Group and related parties in the form as is reasonably
required by the Company, and any waiting periods contained in such release shall have expired.
Such release, if required by the Company, shall be delivered to Employee within twenty (20)
business days following the termination of Employee’s employment hereunder, and failure to deliver
such release within such twenty (20) business day period shall be deemed to constitute a waiver of
such requirement. Assuming delivery of the release by the Company, if Employee fails to execute
such release on or prior to the Release Expiration Date, Employee shall not be entitled to any
payments or benefits pursuant to (d) or (e) of this Section 8 (other than the Accrued Obligations).
Notwithstanding anything contained in this subsection (g) to the contrary, in any case where the
date of termination and the last day of the applicable waiting period fall in two separate taxable
years, any payments required to be made to Employee that are treated as deferred compensation for
purposes of Section 409A of the Code shall be made in the later taxable year at times provided by
this Section 8. For purposes of this Agreement, “Release Expiration Date” means the date
which is twenty-one (21) days following the date upon which the Company delivers to Employee the
release contemplated herein, or in the event that such termination of employment is “in connection
with an exit incentive or other employment termination program” (as such phrase is defined in the
Age Discrimination in Employment Act of 1967), the date that is forty-five (45) days following such
delivery date.

Section 9. Restrictive Covenants.

Employee acknowledges and agrees that (A) the agreements and covenants contained in this
Section 9 are (i) reasonable and valid in geographical and temporal scope and in all other
respects, and (ii) essential to protect the value of the business and assets of the Company Group;
and (B) by his employment with the Company, Employee will obtain knowledge, contacts, know-how,
training and experience and there is a substantial probability that such knowledge, contacts,
know-how, training and experience could be used to the substantial advantage of a competitor of the
Company Group and to the Company Group’s substantial detriment.

(a) Confidential Information. At any time during and after the end of the Term of
Employment, without the prior written consent of the Company, except to the extent required by an
order of a court having jurisdiction or under subpoena from an appropriate government agency, in
which event, Employee shall, to the extent legally permitted, consult with the Company prior to
responding to any such order or subpoena, and except as he in good faith believes necessary or
desirable in the performance of his duties hereunder, Employee shall not disclose to or use for the
benefit of any third party any confidential or proprietary trade secrets, customer lists, drawings,
designs, information regarding product development (including types of insurance products),
marketing plans, sales plans, management organization information, operating policies (including
underwriting policies and risk assessment policies) or manuals, business plans, financial records,
packaging design or other financial, commercial, business or technical information (i) relating to
any member of the Company Group, or (ii) that any member of the Company Group may receive belonging
to suppliers, customers or others who do business with any member of the Company Group (including
insurance brokers) as a result of his position with any member of the Company Group (collectively,
“Confidential Information”). Employee’s obligation under this Section 9(a) shall not apply
to any information that is publicly available or hereafter becomes publicly available, in each case
without the breach by Employee of this Section 9(a).

(b) Non-Competition. Employee covenants and agrees that during the Non-Compete
Period, with respect to Bermuda (including any province thereof), any State of the United States of
America or any other jurisdiction in which any member of the Company Group engages (or has
committed plans to engage) in business during the Term of Employment, or, following termination of
Employee’s employment, was engaged in business (or had committed plans to engage) at the time of
such termination of employment, Employee shall not, directly or indirectly, individually or
jointly, own any interest in, operate, join, control or participate as a partner, director,
principal, officer, or agent of, enter into the employment of, act as a consultant to, or perform
any services for any Person (other than any member of the Company Group), that engages in any
Competitive Activities. Notwithstanding anything herein to the contrary, this Section 9(b) shall
not prevent Employee from acquiring as an investment securities representing not more than three
percent (3%) of the outstanding voting securities of any publicly-held corporation or from being a
passive investor in any mutual fund, hedge fund, private equity fund or similar pooled account so
long as Employee’s interest therein is less than three percent (3%) and he has no role in selecting
or managing investments thereof.

(c) Non-Interference. During the Non-Interference Period, Employee shall not,
directly or indirectly, for his own account or for the account of any other Person, engage in
Interfering Activities.

(d) Return of Documents. In the event of the termination of Employee’s employment for
any reason, Employee shall deliver to the Company all of (i) the property of any member of the
Company Group, and (ii) the documents and data of any nature and in whatever medium of any member
of the Company Group, and he shall not take with him any such property, documents or data or any
reproduction thereof, or any documents containing or pertaining to any Confidential Information.

(e) Works for Hire. Employee agrees that the Company shall own all right, title and
interest throughout the world in and to any and all inventions, original works of authorship,
developments, concepts, know-how, improvements or trade secrets, whether or not patentable or
registerable under copyright or similar laws, which Employee may solely or jointly conceive or
develop or reduce to practice, or cause to be conceived or developed or reduced to practice during
the Term of Employment, whether or not during regular working hours, provided they either (i)
relate at the time of conception or development to the actual or demonstrably proposed business or
research and development activities of any member of the Company Group; (ii) result from or relate
to any work performed for any member of the Company Group; or (iii) are developed through the use
of Confidential Information and/or Company resources or in consultation with personnel of any
member of the Company Group (collectively referred to as “Developments”). Employee hereby
assigns all right, title and interest in and to any and all of these Developments to the Company.
Employee agrees to assist the Company, at the Company’s expense (but for no other consideration of
any kind), to further evidence, record and perfect such assignments, and to perfect, obtain,
maintain, enforce and defend any rights specified to be so owned or assigned. Employee hereby
irrevocably designates and appoints the Company and its agents as attorneys-in-fact to act for and
on Employee’s behalf to execute and file any document and to do all other lawfully permitted acts
to further the purposes of the foregoing with the same legal force and effect as if executed by
Employee. In addition, and not in contravention of any of the foregoing, Employee acknowledges
that all original works of authorship which are made by him (solely or jointly with others) within
the scope of employment and which are protectable by copyright are “works made for hire,” as that
term is defined in the United States Copyright Act (17 USC Sec. 101) or any similar law or
regulation. To the extent allowed by law, this includes all rights of paternity, integrity,
disclosure and withdrawal and any other rights that may be known as or referred to as “moral
rights.” To the extent Employee retains any such moral rights under applicable law, Employee
hereby waives such moral rights and consents to any action consistent with the terms of this
Agreement with respect to such moral rights, in each case, to the full extent of such applicable
law. Employee will confirm any such waivers and consents from time to time as requested by the
Company.

(f) Blue Pencil. If any court of competent jurisdiction shall at any time deem the
duration or the geographic scope of any of the provisions of this Section 9 unenforceable, the
other provisions of this Section 9 shall nevertheless stand and the duration and/or geographic
scope set forth herein shall be deemed to be the longest period and/or greatest size permissible by
law under the circumstances, and the parties hereto agree that such court shall reduce the time
period and/or geographic scope to a permissible duration or size.

Section 10. Breach of Restrictive Covenants.

Without limiting the remedies available to the Company, Employee acknowledges that a breach of
any of the covenants contained in Section 9 hereof may result in material irreparable injury to the
Company Group for which there is no adequate remedy at law, that it will not be possible to measure
damages for such injuries precisely and that, in the event of such a breach or threat thereof, the
Company shall be entitled to obtain a temporary restraining order and/or a preliminary or permanent
injunction, without the posting of a bond or the necessity of proving irreparable harm or injury as
a result of such breach or threatened breach of Section 9 hereof, restraining Employee from
engaging in activities prohibited by Section 9 hereof or such other relief as may be required
specifically to enforce any of the covenants in Section 9 hereof. Notwithstanding any other
provision to the contrary, the Non-Compete Period, in the case of the covenants contained in
Section 9(b), and the Non-Interference Period, in the case of the covenants contained in Section
9(c), shall be tolled during any period of violation of any of such covenants and during any other
period required for litigation during which the Company seeks to enforce such covenants against
Employee or another Person with whom Employee is affiliated if it is ultimately determined that
Employee was in breach of such covenants.

Section 11. Representations and Warranties of Employee.

Employee represents and warrants to the Company that:

(a) Employee’s employment will not conflict with or result in his breach of any agreement to
which he is a party or otherwise may be bound;

(b) Employee has not violated, and in connection with his employment with the Company will not
violate, any non-solicitation, non-competition or other similar covenant or agreement of a prior
employer by which he is or may be bound; and

(c) In connection with Employee’s employment with the Company, he will not use any
confidential or proprietary information that he may have obtained in connection with employment
with any prior employer.

Section 12. Indemnification.

Subject to the terms and conditions of the Articles of Association and Organizational
Regulations of the Company (in each case, as in effect from time to time), the Company agrees to
indemnify and hold Employee harmless to the fullest extent permitted by the laws of the United
States, as in effect at the time of the subject act or omission. In connection therewith, Employee
shall be entitled to the protection of any insurance policies which the Company elects to maintain
generally for the benefit of the Company’s directors and officers, against all costs, charges and
expenses whatsoever incurred or sustained by Employee in connection with any action, suit or
proceeding to which he may be made a party by reason of his being or having been a director,
officer or employee of the Company. This provision shall survive any termination of Employee’s
employment hereunder.

Section 13. Taxes.

The Company may withhold from any payments made under this Agreement all applicable taxes,
including, but not limited to, income, employment and social insurance taxes, as shall be required
by law.

Section 14. No Mitigation or Set Off.

Employee shall not be required to mitigate the amount of any payment provided for pursuant to
this Agreement by seeking other employment or otherwise and the amount of any payment provided for
pursuant to this Agreement shall not be reduced by any compensation earned as a result of
Employee’s other employment or otherwise.

Section 15. Successors and Assigns; No Third-Party Beneficiaries.

(a) The Company. This Agreement shall inure to the benefit of and be enforceable by,
and may be assigned by the Company to, any purchaser of all or substantially all of the Company’s
business or assets or any successor to the Company (whether direct or indirect, by purchase,
merger, consolidation or otherwise). The Company will require, as applicable, in a writing
delivered to Employee, any such purchaser, successor or assignee to expressly assume and agree to
perform this Agreement in the same manner and to the same extent that the Company would be required
to perform it if no such purchase, succession or assignment had taken place. The Company may make
no other assignment of this Agreement or its obligations hereunder.

(b) Employee. Employee’s rights and obligations under this Agreement shall not be
transferable by Employee by assignment or otherwise, without the prior written consent of the
Company; provided, however, that if Employee shall die, all amounts then payable to Employee
hereunder shall be paid in accordance with the terms of this Agreement to Employee’s devisee,
legatee or other designee or, if there be no such designee, to Employee’s estate.

(c) No Third-Party Beneficiaries. Except as otherwise set forth in Section 8(b) or
Section 15(b) hereof, nothing expressed or referred to in this Agreement will be construed to give
any Person other than the Company and Employee any legal or equitable right, remedy or claim under
or with respect to this Agreement or any provision of this Agreement.

Section 16. Delay in Payment.

Notwithstanding any provision in this Agreement to the contrary, but taking into account
Treas. Reg. 1.409A-1(b)(9)(iii), any payment of nonqualified deferred compensation otherwise
required to be made hereunder to Employee at any date as a result of the termination of Employee’s
employment shall be delayed for such period of time as may be necessary to meet the requirements of
Section 409A(a)(2)(B)(i) of the Code (the “Delay Period”). On the earliest date on which
such payments can be made after the Delay Period, there shall be paid to the Employee, in a single
cash lump sum, an amount equal to the aggregate amount of all payments delayed pursuant to the
preceding sentence. Notwithstanding the foregoing, to the extent that the first sentence applies
to the provision of any ongoing health and other insurance plan benefits, Employee shall pay the
full cost for such health and other insurance plan benefits during the Delay Period and the Company
shall pay Employee an amount equal to the amount of such premiums paid by Employee during the Delay
Period within ten (10) days after the end of the Delay Period.

Section 17. Waiver and Amendments.

Any waiver, alteration, amendment or modification of any of the terms of this Agreement shall
be valid only if made in writing and signed by each of the parties hereto. No waiver by either of
the parties hereto of their rights hereunder shall be deemed to constitute a waiver with respect to
any subsequent occurrences or transactions hereunder unless such waiver specifically states that it
is to be construed as a continuing waiver.

Section 18. Severability.

If any covenants or such other provisions of this Agreement are found to be invalid or
unenforceable by a final determination of a court of competent jurisdiction: (a) the remaining
terms and provisions hereof shall be unimpaired, and (b) the invalid or unenforceable term or
provision hereof shall be deemed replaced by a term or provision that is valid and enforceable and
that comes closest to expressing the intention of the invalid or unenforceable term or provision
hereof.

Section 19. Governing Law.

THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF
NEW YORK (WITHOUT GIVING EFFECT TO THE CHOICE OF LAW PRINCIPLES THEREOF) APPLICABLE TO CONTRACTS
MADE AND TO BE PERFORMED ENTIRELY WITHIN SUCH STATE.

Section 20. Dispute Resolution.

Any controversy arising out of or relating to this Agreement or the breach hereof (other than
claims for injunctive relief pursuant to Section 10 hereof) shall be settled by binding arbitration
in accordance with the Employment Dispute Resolution Rules of the American Arbitration Association
(before a single arbitrator) and judgment upon the award rendered may be entered in any court
having jurisdiction thereof. The costs of any such arbitration proceedings shall be borne equally
by the Company and Employee; provided, however, that the arbitrator shall have the right to award
to either party reasonable attorneys’ fees and costs expended in the course of such arbitration or
enforcement of the awarded rendered thereunder. Any award made by such arbitrator shall be final,
binding and conclusive on the parties for all purposes, and judgment upon the award rendered by the
arbitrators may be entered in any court having jurisdiction thereof.

Section 21. Notices.

(a) Every notice or other communication relating to this Agreement shall be in writing, and
shall be mailed to or delivered to the party for whom it is intended at such address as may from
time to time be designated by it in a notice mailed or delivered to the other party as herein
provided, provided that, unless and until some other address be so designated, all notices or
communications by Employee to the Company shall be mailed or delivered to the Company at its
principal executive office, with a copy sent to the General Counsel of the Company, and all notices
or communications by the Company to Employee may be given to Employee personally or may be mailed
to Employee at Employee’s last known address, as reflected in the Company’s records.

(b) Any notice so addressed shall be deemed to be given: (i) if delivered by hand, on the
date of such delivery; (ii) if mailed by courier or by overnight mail, on the first business day
following the date of such mailing; and (iii) if mailed by registered or certified mail, on the
third business day after the date of such mailing.

Section 22. Section Headings.

The headings of the sections and subsections of this Agreement are inserted for convenience
only and shall not be deemed to constitute a part thereof, affect the meaning or interpretation of
this Agreement or of any term or provision hereof.

Section 23. Entire Agreement.

This Agreement constitutes the entire understanding and agreement of the parties hereto
regarding the employment of Employee. This Agreement supersedes all prior negotiations,
discussions, correspondence, communications, understandings and agreements between the parties
relating to the subject matter of this Agreement.

Section 24. Survival of Operative Sections.

Upon any termination of Employee’s employment, the provisions of Section 8 through Section 26
of this Agreement (together with any related definitions set forth in Section 1 hereof) shall
survive to the extent necessary to give effect to the provisions thereof.

Section 25. Currency.

All sums of money expressed in this Agreement are in the lawful money of the United States of
America.

Section 26. Counterparts.

This Agreement may be executed in two or more counterparts, each of which shall be deemed to
be an original but all of which together shall constitute one and the same instrument. The
execution of this Agreement may be by actual or facsimile signature.

[Signatures to appear on the following page.]

1

IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first above
written.

ALLIED WORLD ASSURANCE COMPANY HOLDINGS, AG

By:       /s/ Scott A. Carmilani      

Name: Scott A. Carmilani

Title: President & Chief Executive Officer

EMPLOYEE

By:       /s/ Thomas A. Bradley     

Thomas A. Bradley

2EX 10.28 - UCTT - Dry Equipment

	
			
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	Confidential Information
	 
	Equipment Supply & Technology Licensing Contract

	
		
	Equipment Supply and Technology  
Licensing Contract 

No. US/87799546/00001
	 

	

September, 29 th 2013
San Jose, California, United States
	 

	The present equipment supply and technology licensing contract (hereinafter referred to as the “Contract”) is concluded between 

Limited Liability Company Ulyanovsk Center for Technology Transfer a Russian Federation corporation doing business at 67 Krymova St., Ulyanovsk, Russia, 432071, hereinafter referred to as the "Buyer", on the one part, 

and  Intermolecular, Inc., a Delaware, USA corporation doing business at 3011 North First St., San Jose, CA 95134, USA, hereinafter referred to as the "Seller", 

and Limited liability Company “Russkie Tehnoparki” a Russian Federation corporation doing business at 1 Sirenevyi bulv., c.c. Troitsk, Moscow, Russia, 142191 hereinafter referred to as the "Customer’s Engineer", 

(the Seller and the Buyer, as well as the Project Company, as defined below, in case of transfer of the Equipment to such Company in accordance with the Contract, jointly referred to as the “Parties” and individually referred to as the “Party”) 

in accordance with the Minutes of open request for proposals No. 1/У-ЭС (the open tender for the right of concluding a contract dated September 03rd, 2013) for supply of Complex R&D equipment, consisting of two Combinatorial R&D Platforms: 
-    one vacuum cluster tool (AP-30) with two combinatorial PVD chambers (P-30) («Dry» equipment), 
-    one combinatorial wet process tool (F-20) including one informatics server with software (S-80) («Wet» equipment),

	 

	concluded this Contract regarding Dry equipment as follows:

	 

	1.    Subject of contract
	 

	1.1    Seller has developed proprietary Equipment (as more fully defined in Section 1.6.10 below) and Informatics Software (as more fully defined in Section 1.6.18 below) to enable research, design, experimentation, development and commercialization in the area of and with the use of HPC Technology (as more fully defined in Section 1.6.17 below). 
	 

	1.2    Seller is in the business of selling Equipment and licensing HPC Technology.
	 

	1.3    Buyer is engaged in the research, design, development and commercialization of materials, manufacturing processes, and technologies in the Field as more fully defined in Section 1.6.11 below.
	 

	1.4    Buyer desires to purchase from Seller and Seller desires to sell to Buyer Equipment and associated licenses to HPC Technology and Informatics Software from Seller.   Customer’s Engineer exercises control for compliance by the Seller of its obligations under the Contract.
	 

	
			
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	1.5    Annexes
	 

	The following annexes are hereby incorporated into the Contract:
	 

	1.5.1.    Pricing Sheet 
	 

	1.5.2.    Сombinatorial R&D Platform description 
	 

	1.5.3.    Delivery Schedule 
	 

	1.5.4.    Payment Schedule 
	 

	1.5.5.    Acceptance Criteria
	 

	1.5.6.    Seller Maintenance and Support Services
	 

	1.5.7.    Installation and Facility Requirements
	 

	1.5.8.    Documents at Sign-Off
	 

	1.5.9.    HPC Technology
	 

	1.5.10.    Acceptance completion act
	 

	1.5.11.    Start-up Act 

	 

	1.6    Definitions
	 

	The following definitions are hereby incorporated into the Contract:

	 

	1.6.1.    Acceptance Criteria shall have the meaning set forth in Annex 1.5.5.
	 

	1.6.2.    Affiliate means a corporation, company or other entity now or hereafter, directly or indirectly, owned or controlled by, or owning or controlling, or under common control with Buyer or Seller respectively, but such corporation, company or other entity shall be deemed to be a Affiliate only so long as such ownership or control exists. For purposes of this definition "control" of a corporation, company or other entity shall mean -

	 

	i.    to have more than fifty percent (50%) of the voting rights or of the outstanding shares or securities representing the right to vote for either the election of the board of directors or a similar managing authority, or a supervisory board, or
	 

	ii.    if there do not exist outstanding shares or securities as may be the case in a partnership, joint venture or unincorporated association, to have more than fifty percent (50%) of the ownership interest representing the right to make decisions for such entity.
	 

	 
	 

	1.6.3.    Background Technology of a Party means Intellectual Property Rights and Know-How,
	 

	i.    that is owned, acquired, or licensed by the Party at any time during the term of this Contract; and
	 

	ii.    that is not created within the scope of this Contract.
	 

	1.6.4.    Buyer Site means Buyer’s facilities located at Ulyanovsk, Russia, or a replacement location subsequently agreed to by the Parties in writing. All special requirements for Buyer Site are specified by the Parties in Annex 1.5.7.
	 

	1.6.5.    THIS SECTION INTENTIONALLY LEFT BLANK.
	 

	1.6.6.    Confidential Information means any non-public information disclosed by one Party to the other in connection with this Contract and as further defined in Section 12.  
	 

	1.6.7.    Contract Price is defined in Section 2.
	 

	1.6.8.    Dry Equipment means the Equipment. 
	 

	1.6.9.    Effective Date means the later of the dates next to the signatures of the Parties below.
	 

	1.6.10.    Equipment means the equipment described in Annex 1.5.2.  Equipment does not include software described in Annex 1.5.2.  
	 

	
			
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	1.6.11.    Field means the field of glass coatings, photovoltaics, power electronics and displays.
	 

	1.6.12.    HPC Derivatives means any and all improvements, derivatives and modifications of HPC Technology developed by either Party or both Parties as a direct result of using the Combinatorial R&D Platform pursuant to the Contract.  HPC Derivatives shall not include any rights whatsoever in the Background Technology of Buyer.
	 

	1.6.13.    HPC-Enabled Informatics Software means Informatics Software that enables Equipment to use HPC Technology.  Use of HPC-Enabled Informatics Software by Buyer requires an HPC License, in addition to a license to use the Informatics Software.
	 

	1.6.14.    Non-HPC-Enabled Informatics Software means Informatics Software and other software that in combination operates Equipment without enabling it to use HPC Technology. 
	 

	1.6.15.    HPC Mode means the mode of using the Equipment which requires use of HPC-Enabled Informatics Software and an HPC License.
	 

	1.6.16.    HPC License means the license as set forth in Section 17.1 
	 

	1.6.17.    HPC Technology means Intellectual Property Rights and Know-How related to techniques, methodologies, processes, test vehicles, synthetic procedures, technology, systems, or combination thereof used for the simultaneous parallel or rapid serial 
	 

	1.       design,
	 

	2.       synthesis,
	 

	3.       processing,
	 

	4.       process sequencing,
	 

	5.       process integration,
	 

	6.       device integration,
	 

	7.       analysis, or
	 

	8.       characterization,
	 

	

of two (2) more compounds, compositions, mixtures, processes, or synthesis conditions, or the structures derived from such as a result of using either alone or in combination the Equipment and Informatics Software. 
The structure and definition of assets contained in the HPC Technology is provided in Annex 1.5.9.  If any of such assets are not patented in the territory of Russian Federation, the Buyer shall under the present Contract be deemed to have only received a license to the Know-How representing such assets. 
After the Seller has been granted patents, allowed in the territory of Russian Federation the Parties shall perform certain license agreements in accordance with Russian legislation providing for the rights of use of such inventions as prescribed by the present Contract.
If any information provided to Buyer by Seller is not Intellectual Property Rights or Know-How, then Buyer shall be deemed to have been granted the rights to use relevant design projects, scientific research results and documentation without a license.
The Know-How representing HPC Technology consists of methods and systems to perform combinatorial processing using Atomic Layer Deposition systems and Physical Vapor Deposition (commonly known as dry systems) and fluids based systems (commonly known as wet systems).

	 

	1.6.18.    Informatics Software means software in the form of machine readable, object code, and related documentation, together with any Informatics Updates, if any, that may be provided by Seller to Buyer.  Informatics Software may consist of either HPC-Enabled Informatics Software or Non-HPC-Enabled Informatics Software.  
	 

	1.6.19.    Informatics Improvements means improvements, additions, or modifications to the Informatics Software developed and released by Seller to add features, support additional Equipment or support new uses or applications of the Equipment.  Seller will periodically offer Informatics Improvements for license to Buyer.
	 

	
			
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	1.6.20.    Informatics Updates means error corrections, bug fixes or workarounds to the Informatics Software that are developed and released by Seller solely to ensure that the Informatics Software performs in accordance with the Specifications, along with any improvements to the Informatics Software that may be developed and release by Seller from time to time and which it makes available to customers at no charge.  Seller shall make Informatics Updates available to Buyer at no charge.  Informatics Updates do not include Informatics Improvements.
	 

	1.6.21.    Intellectual Property Rights means allowed and enforceable on the territory of Russian Federation Statutory Rights in and to any and all of the following -
	 

	i.    patents and patent applications claiming any inventions or  discoveries made, developed, conceived, or reduced to practice, including all divisions, substitutions, continuations, continuation-in-part applications, and reissues, re-examinations and extensions thereof, 
	 

	ii.    copyrights, 
	 

	iii.    trademarks, service marks, trade names, trade dress, domain names and similar rights, 
	 

	iv.    mask work rights, and 
	 

	v.    Any other moral, intellectual or other proprietary rights of any kind now known or hereafter recognized in any jurisdiction in the world.
	 

	1.6.22.    Know-how means any know-how, technology, trade secrets, information (including inventions eligible for statutory protection), software (including source code), circuitry, circuit designs, design descriptions, specifications, formulas, processes, process conditions, materials, material stacks, structures, architectures,  specifications for the procurement of parts and drawings, whether in tangible or intangible form and all other experience, drafts, ideas, concepts and business information, rights to which objects are allowed and enforceable on the territory of the Russian Federation.
	 

	i.    Know-How does not include Intellectual Property Rights, however Know-How shall include without limitation copyrights or intellectual property rights (other than Intellectual Property Rights) that are not Statutory Rights.
	 

	1.6.23.    License Fees shall have the meaning as defined in Section 2.4.
	 

	1.6.24.    Pricing Sheet means the price as set forth in Annex 1.5.1
	 

	1.6.25.    Seller Site means Seller’s facilities located at the following address: 3011 North First Street, San Jose, CA, USA.
	 

	1.6.26.    Sign-Off means satisfaction and signing of the Acceptance Criteria  and completion of the activities set forth in Section 4.12. Parties shall perform such activities upon satisfaction and signing of the Acceptance Criteria to confirm the transfer of title and license of rights, incl. performing of Acceptance completion act (Annex 1.5.10.) stating transfer of title.
	 

	1.6.27.        Specifications means the specifications listed in Annex 1.5.2 for:
	 

	i.                     Equipment,
	 

	ii.                   Informatics Software.
	 

	1.6.28.        Statutory Rights means rights that come into force in the Russian Federation by (i) application to or registration with a governmental entity, and (ii) approval of such application or registration by such entity.
	 

	1.6.29.        Support means the maintenance and support services as described in Annex 1.5.6.
	 

	1.6.30.        Term shall have the meaning defined in Section 15.1.
	 

	1.6.31.        Third Party means a party other than Seller, Buyer, Customer’s Engineer or their Affiliates.
	 

	1.6.32.        THIS SECTION INTENTIONALLY LEFT BLANK.
	 

	1.6.33. Wet Equipment means the equipment described in Annex 1.5.2 of the Equipment Supply and Technology Licensing Contract for Wet Equipment to be signed by the Parties concurrently with this Contract.
	 

	1.6.34.        Dry Combinatorial R&D Platform means the Combinatorial R&D Platform referred to in the Preamble of the Contract, which comprises one or more of the following items provided such items are described in the Pricing Sheet:
	 

	i.                    Equipment;
	 

	ii.                   HPC License;
	 

	iii.                  Informatics Software License.
	 

	 
	 

	2.  Contract price
	 

	
			
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	2.1               Purchase of Software means license.
	 

	Any software provided to Buyer under this Contract is licensed, not sold, to Buyer and any reference to the “sale” or “purchase” of software shall be deemed to mean “license.”
	 

	2.2               Purchase
	 

	Subject to the terms and conditions set forth in this Contract including but not limited to the licenses set forth in Section 17 and the payments set forth in Section 2.4 and Section 2.5,  and the training referenced in Section 2.8, Buyer hereby agrees to purchase the Dry Combinatorial R&D Platform from Seller and Seller hereby agrees to sell the Dry Combinatorial R&D Platform to Buyer.
	 

	2.3               The price of the Equipment and Services shall be in USD (United Stated Dollars), USD shall be the Contract currency. Payment currency is USD, payments shall be in USD.
	 

	2.4    License and Equipment Fees.
	 

	Buyer shall pay Seller the fees for the HPC License, the Informatics Software License and the Equipment in accordance with the Pricing Sheet. In the event Buyer does not make the payments due to Seller when due in accordance with Annex 1.5.4, Seller shall have the right but not the obligation to terminate the licenses granted to Buyer in Sections 17.1 and 17.2.  Seller shall inform Buyer of such termination and no later than [***] after receiving such notice, Buyer shall cease use of the Equipment in HPC Mode.
	 

	2.5    Support fees
Buyer shall pay Seller the fees for the Support in accordance with the Pricing Sheet.
	 

	2.6               Pricing Sheet
	 

	The Pricing Sheet is hereby incorporated by reference into this Contract.  Seller will invoice Buyer in accordance with the terms of the Pricing Sheet, Payment Schedule and the Contract.  The Pricing Sheet together with this Contract shall constitute the complete agreement regarding the purchase of the Dry Combinatorial R&D Platform.
	 

	2.6.1.           Notwithstanding the foregoing, nothing contained in any invoice shall in any way modify the terms and conditions of this Contract, or add any additional terms or conditions.
	 

	2.6.2.           The Pricing Sheet shall be subject to the terms and conditions of this Contract.  In the event of a conflict between the terms of the Pricing Sheet and the terms of this Contract, the terms of this Contract shall control.
	 

	2.7   Upon the complete satisfaction of payment to Seller by Buyer, in accordance with Section 3 and Annex 1.5.4, Buyer ownership interest in and title to the Equipment shall be free and clear of any and all encumbrances.   

	 

	2.7.1. Except as provided in Section 17.5.1, in the event Buyer wishes to transfer ownership of the Dry Equipment to a Third Party, Buyer shall first offer the Dry Equipment for sale back to Seller at the fair market value of the Dry Equipment.  Seller shall have [***] from the date of such offer to agree to purchase the Dry Equipment.  If Seller does not exercise its right to purchase the Equipment within [***] from the date of the offer, Buyer is entitled to sell the Equipment to a Third Party.

	 

	2.7.2. In the event of a foreclosure of Buyer’s assets by a Third Party (hereinafter “Foreclosing Party”) to which Buyer’s assets have been pledged subject to a pre-existing loan agreement between Buyer and the Foreclosing Party, Seller shall not have any first right to purchase the Dry Equipment, provided that any such sale pursuant to a foreclosure shall be limited to the sale of the hardware included in the Equipment and not any software or associated licenses.  The purchaser of the Dry Equipment pursuant to this Section 2.7.1. shall request such licenses from Seller.  Upon receiving such request Seller shall grant such licenses to such purchaser at Seller’s then-prevailing standard prices for such licenses.
	 

	2.8. Training
Seller agrees to provide training to certain UCTT personnel in accordance with the terms of Section 2.1 of the JDP Agreement between UCTT and IMI to be signed concurrently herewith.  Said terms of said Section 2.1 are incorporated herein by reference.  For the avoidance of doubt, notwithstanding the inclusion of this Section 2.1 in this Contract and in the JDP Agreement and in any other agreement, Seller shall provide such training only once.  Seller’s satisfaction of this obligation under either one of the agreements shall be deemed to satisfy Seller’s obligation under all agreements.
At the Buyer’s request the Seller will provide additional training to the personnel pointed by the Buyer under terms and conditions agreed by the Parties separately and for an additional fee based on Seller’s then prevailing standard rates for such training. 

	 

	
			
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	3.         Terms of payment
	 

	3.1               Payment Method 
	 

	All payments hereunder shall be made in U.S. dollars by Buyer and in accordance with the Payment Schedule in Annex 1.5.4.
	 

	3.2               Late payments
	 

	All payments not paid when due shall bear simple interest at a rate of [***] per month or the highest rate allowed by law, whichever is less.
	 

	3.3               Taxes
	 

	3.3.1 Seller shall be responsible for the payment of the [***]related to the sale [***]that is owed within the [***].
3.3.2 Except as provided in Section 3.3.1, payments due to Seller are exclusive of all present and future taxes, duties, levies and other charges by any name (including any interest, penalties or additions thereto) imposed by any foreign, federal, state, local or other taxing authorities (including, without limitation, export, sales, use, excise and value-added taxes) on or with respect to the transactions or payments under this Contract.
	 

	3.4                Records; Inspection
	 

	3.4.1.           Buyer shall keep complete, true and accurate books of account and records on its own behalf for the purpose of determining the amounts payable under this Contract.  Such books and records shall be kept at Buyer for at least [***] following the end of the calendar quarter to which they pertain.
	 

	3.4.2.           Such records will be open for inspection during such [***] period by an independent auditor reasonably acceptable to Buyer, solely for the purpose of verifying amounts payable to Seller hereunder.   Such inspections may be made no more than once each calendar year, at reasonable times and on reasonable notice.
	 

	3.4.3.           Inspections conducted under this Section  3.4 shall be at the expense of Seller, unless a variation or error producing an increase exceeding [***]percent ([***]%) of the amounts payable for any period covered by the inspection is established and confirmed in the course of any such inspection, whereupon all reasonable costs relating to the inspection for such period and any unpaid amounts that are discovered will be paid promptly by Buyer. Each Party agrees to hold in confidence pursuant to Section 8 all information concerning payments and reports, and all information learned in the course of any audit or inspection, except to the extent necessary for that Party to reveal such information in order to enforce its rights under this Contract or if disclosure is required by law.
	 

	4.         Terms and Conditions of Equipment Supply 
	 

	4.1               Seller will install the Equipment for Sign-Off at the Seller Site.  The Acceptance Criteria shall be applied in accordance with Section 4.12.
	 

	4.2. Upon Sign-Off, the Dry Equipment shall remain installed at the Seller Site for a period of [***] (“Period”).  Upon the expiration of the Period, and no later than [***] days thereafter, Seller will prepare the Dry Equipment for shipment to the Buyer Site. Buyer will, at its own expense, arrange for the shipment of the Dry Equipment to Buyer Site.  Seller will take measures for the safety and integrity of the Equipment while the Equipment is at the Seller Site (which measures shall be similar to the measures Seller takes for the safety and integrity of its own equipment) and shall be responsible for packaging of the Equipment in accordance with Section 4.10.
	 

	4.3  In the event Buyer has not shipped the Equipment to Buyer Site within [***] days after the end of the Period (“Extended Period”), Buyer shall pay Seller [***] as a storage charge for Seller having stored the Equipment for each additional month beyond the Extended Period that Buyer has not shipped the Equipment, Such payments shall be due and payable to Seller [***] days after expiration of each such additional month.
	 

	4.4               Delivery of the Dry Equipment shall be deemed to have occurred upon Sign-Off.  During the period that the Dry Equipment remains at Seller Site in accordance with Section 4.2, the Dry Equipment should be clearly marked as the sole property of Buyer while it is at Seller's facility, and Seller will not grant any third party any right, title or interest (such as a chattel mortgage or security interest) in or to any of the Equipment while it is located at Seller's facility.
	 

	4.5               Buyer, and not Seller, shall be solely responsible for (i) the shipment and transportation of Equipment from Seller Site to Russia, (ii) for receiving the Equipment, (iii) for ensuring that the Equipment clears customs and (iv) for insuring the Equipment against any risks during any of the foregoing. 
Seller agrees to furnish Buyer with such documentation and information about the Equipment, as Buyer may reasonably request, in order to comply with Russian customs and import requirements, for entry of the equipment into Russia.
	 

	
			
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	4.6               Seller will unpack, install, start-up and adjust the Equipment at Buyer Site in accordance with the Delivery Schedule in Annex 1.5.3. 
 
Buyer shall have no more than [***] from the date of installation (“Review Period”) at Buyer Site to inspect the Equipment for conformity with the Specifications.  If, during such Review Period, Buyer reasonably determines that the Equipment is not in conformity with the Specifications, Buyer’s sole remedy and Seller’s sole obligation will be to re-install the Equipment to ensure such conformity.

	 

	Upon expiration of the Review Period and provided that the Equipment conforms with the Specifications and all deficiencies revealed during the Review Period have been rectified by the Seller to the Buyer’s satisfaction, the Seller, the Buyer and the Customer’s Engineer will execute the Start-up Act in the form attached hereto as Annex 1.5.11.

	 

	4.7               Seller will act in an agency capacity and assist Buyer in obtaining insurance for the Dry Equipment during the period when the Dry Equipment is located at Seller Site. Such insurance shall be for the full value of the Dry Equipment.
	 

	4.8               Buyer is solely responsible for and, in accordance with Annex 1.5.7, shall prepare the Buyer Site for installation of the Dry Combinatorial R&D Platform and shall ensure that all necessary infrastructure specified in Annex 1.5.7 is available.
	 

	4.9. Notwithstanding anything to the contrary in the Contract, title and risk of loss in the Equipment will transfer to Buyer upon Sign-Off at the Seller Site in accordance with Section 4.12.  Seller will provide Buyer with a bill of sale confirming the transfer of title from Seller to Buyer.
	 

	4.10            For shipment, the Equipment will be packaged in double bags and vacuum-sealed, put in wooden crates. Due to the sensitive nature of components, the Equipment requires shipment by air.

	 

	4.11            Seller will unpack the Equipment at the Buyer Site.
	 

	4.12   The Sign-Off shall include the examination of the installation of the Equipment and also examination of presence of necessary documents (Operation manual, certificates as described in Annex 1.5.8) in accordance with the Acceptance Criteria.  Such examination shall be conducted jointly by the Acceptance Commission which is defined as one representative of the Seller, the Buyer and the Customer’s Engineer. Upon successful examination and confirmation that the Acceptance Criteria are met, the Seller, the Buyer and the Customer’s Engineer shall execute the Acceptance completion act in the form attached hereto as Annex 1.5.10.
	 

	 
	 

	5.         Technical documentation
	 

	The technical documents (operation manual as listed in Annex 1.5.8, spare parts catalogue) will be delivered with the equipment in form of a CD in Russian/English. The costs of translation to Russian language are included in the total Contract Price.
	 

	The following documents will be delivered with the equipment when it ships:
	 

	•    International Consignment Note
	 

	•    Proforma Invoice with translation into Russian
	 

	•    Packing List
	 

	•    Export Declaration
	 

	•    Certificate of Origin
	 

	 
	 

	6.         Packing, packaging and labeling
	 

	6.1                The cost of [***] and [***] is included in the Contract Price.
	 

	6.2               The casing and packaging shall become the Buyer’s property, once the Equipment has been supplied.
	 

	6.3               Packaging of the Equipment shall secure its absolute safety during the transport. The Seller shall be liable to the Buyer and shall be obliged to reimburse any losses that arose because of spoilage, damage or breakage of the goods entailed by undue or low quality packaging.
	 

	6.4               There shall be labeling in English and in Russian on each separate package of the Equipment and it shall contain the following information:
	 

	
			
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	6.4.1.           •The Seller’s name and address;
	 

	6.4.2.           • The Buyer’s name and address;
	 

	6.4.3.           • The final delivery address;
	 

	6.4.4.           • Contract Number;
	 

	6.4.5.           • Number of the package lot, in accordance with the packing list;
	 

	6.4.6.           • Gross and net weight;
	 

	6.4.7.           • Packaging dimensions;
	 

	6.4.8.           • Name of the equipment;
	 

	6.4.9.           • Special requirements (if any).
	 

	7.         Acceptance And Support Services
	 

	7.1               Dry Combinatorial R&D Platform Assembly
	 

	Seller shall complete the assembly and configuration of the Dry Combinatorial R&D Platform and make it available for Buyer’s Sign-Off at the Seller Site provided during the process of assembly and configuration, Buyer cooperates with Seller as reasonably requested by Seller.       
	 

	7.2               Buyer Acceptance
	 

	7.2.1.           Upon completion of assembly and configuration of the Dry Combinatorial R&D Platform, Seller will provide Buyer with a written notice that the Dry Combinatorial R&D Platform is available for Sign-Off.
	 

	7.2.2.           Seller shall demonstrate to Buyer that the Dry Combinatorial R&D Platform satisfies the acceptance criteria set forth in Annex 1.5.5 (“Acceptance Criteria”) and allow Buyer to conduct tests to ensure compliance with the Acceptance Criteria.
	 

	7.2.3.           This demonstration and testing shall take place at the Seller Site (Buyer agrees to attend at its own expense) and shall commence no later than [***] days following the written notice from Seller to Buyer.
	 

	7.2.4.           Upon completion of said demonstration and testing, Buyer will either (i) confirm in writing that acceptance of the Dry Combinatorial R&D Platform has occurred in compliance with Section 4.12, and Buyer shall make the payment associated therewith as set forth in the Pricing Sheet (“Buyer Acceptance”), [***].
	 

	7.3               Support
	 

	Subject to the terms and conditions set forth in this Contract including but not limited to the licenses set forth in Section 17 and the payments set forth in Sections 2.4 and 2.5, Seller agrees to provide Support to the Buyer.  Any support or services other than the Support, including services not covered by a warranty or pursuant to pre-paid maintenance, will be provided at Seller’s then-current rates (plus reasonable travel expenses and other out-of-pocket expenses, if any) pursuant to a statement of work signed by the Parties.
	 

	8.         Warranty; Limitation of Liability
	 

	8.1               By Seller
	 

	Seller represents and warrants that:
	 

	8.1.1.           It has the right and authority to enter into this Contract, and to fully perform its obligations hereunder; and
	 

	8.1.2.           This Contract is a legal and valid obligation binding upon it and enforceable in accordance with its terms.
	 

	8.1.3.   The title to the Dry Equipment conveyed to Buyer by Seller shall be good, and the Dry Equipment shall be delivered free from any security interest or other lien or encumbrance to any Third Party.
	 

	8.1.4.   The Dry Equipment is fit for the purpose of performing combinatorial processing.
	 

	8.1.5. That as of the Effective Date, to the best of the Seller’s knowledge, the Dry Equipment and Buyer’s ownership, use and possession of the Dry Equipment in the manner as instructed by and in accordance with the documentation and manuals provide herewith and appended as Annex 1.5.7 and 1.5.8 does not infringe any patent, copyright, trademark or trade secret rights of a Third Party issued prior to the Effective Date.
	 

	8.1.6   The Dry Equipment, the HPC License and the Informatics Software License provided by the Seller to the Buyer hereunder are altogether sufficient for the use of the Equipment in the HPC Mode in the Field.
	 

	8.1.7.   The Seller has obtained all necessary licenses, permissions and authorizations required for the export of the Equipment and the provision of the HPC-License and Informatics Software License to the Buyer or the Project Company, as well as for providing Training on the Equipment to the personnel of the Buyer or the Project Company (as the case may be).   

	 

	
			
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	8.2               By Buyer
	 

	Buyer represents and warrants that:
	 

	8.2.1.           It has the right and authority to enter into this Contract, and to fully perform its obligations hereunder; and
	 

	8.2.2.           This Contract is a legal and valid obligation binding upon it and enforceable in accordance with its terms.
	 

	8.3               Warranty on the hardware included in the Equipment
	 

	Seller warrants to Buyer that for a period of [***] (“Warranty Period”) from Sign-Off, the hardware comprising the Equipment (“Hardware”) will be free from defects in materials and workmanship and shall conform in all material respects to its specifications.
	 

	If, during the Warranty Period, the Hardware does not meet the warranty specified above, Seller shall, at its option, repair or replace at no cost to Buyer any defective or nonconforming component of the Hardware in accordance with Annex 1.5.6. The foregoing represents Buyer’s sole remedy for breach of the warranty on the Hardware.
	 

	The warranty set forth in this section shall apply only to the Seller supplied components of the Hardware and will specifically excludes consumables and any components to be provided by Buyer.
	 

	8.4               Warranty on the software included in the Equipment
	 

	Seller will warrant to Buyer that for a period of [***] (“Warranty Period”) from Sign Off, the software included in the Equipment (“Software”) will conform in all material aspects to its specifications.
	 

	Seller will correct any nonconformities reported to Seller in writing or in electronic form during the Warranty Period in accordance with Annex 1.5.6.  The foregoing represents Buyer’s sole remedy for breach of the warranty for the Software.
	 

	8.5               Exclusions
	 

	The warranties and remedies set forth in Sections 8.3 and 8.4 will be void as to the following:
	 

	8.5.1.           any Hardware or Software that has been damaged, modified, or altered (other than by Seller or approved by Seller)
	 

	8.5.2.           any Hardware or Software that has been subjected to physical, electrical or other environmental abuse or misuse, including improper storage or conditions not in accordance with Seller’s specifications,
	 

	8.5.3.            any damage or non-conformities, in whole or in part, arising from use of the Hardware or Software with any other hardware, software, firmware, devices, or other products not provided by Seller or chemicals not recommended or approved for use by Seller.
	 

	8.6               Disclaimer
	 

	Except as provided above for the Hardware and the Software, Seller does not otherwise warrant the Equipment and does not warrant that operation of the Equipment will be uninterrupted or error free.  
	 

	Seller specifically disclaims any representation, warranty or guarantee that the use of the Hardware or Software, will be successful, in whole or in part.  It is understood that the failure of Buyer to successfully develop or commercialize technology shall not constitute a breach of any representation or warranty or other obligation under this Contract.
	 

	Except as otherwise expressly set forth above, seller makes no representations and extends no warranties or conditions of any kind, either express or implied with respect to any information disclosed hereunder, any activities conducted hereunder or any deliverables provided hereunder, and hereby expressly disclaim any warranties of merchantability, or fitness for a particular purpose or validity of any technology, patented or unpatented, or non-infringement of the intellectual property rights of third parties.
	 

	9.         Limitation of Liability
	 

	9.1               To the maximum extent permitted by applicable law, and except for any breach of any confidentiality obligation under this contract, in no event shall either party or its affiliates be liable to the other party, its affiliates or to any third party claiming through or under the other party hereto, for any lost profits, lost revenue, loss of data, equipment downtime or for any special, consequential, indirect or incidental damages, however caused and under any theory of liability (including contract, strict liability, negligence or other legal or equitable theory) arising in any way out of this contract, whether or not such party has been advised of the possibility of such damages.
	 

	9.2               Except for a breach of a confidentiality obligation, in no event shall either party’s cumulative liability to the other under this contract exceed the amounts received by such party from the other party in the past [***] preceding the claim.
	 

	
			
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	9.2.1.   The limitation of liability described above in Section 9.2 does not apply to any loss or damage to the Dry Equipment that is solely attributable to and solely caused by the gross negligence or willful act of the Seller or Seller’s personnel.  For the avoidance of doubt, if Buyer or Buyer personnel are jointly or severally responsible for such loss or damage, then Seller’s liability for such loss or damage that is attributable to Seller shall be subject to the limitation of liability described above in Section 9.2.
	 

	9.3               The Parties acknowledge and agree that the foregoing limitations of liability are an essential element of this agreement and that in their absence the terms of this agreement would be substantially different. 
	 

	10.      Force Majeure
	 

	Neither Party shall lose any rights hereunder or be liable to the other Party for damages or losses (except for payment obligations then owing) on account of failure of performance by the defaulting Party if the failure is occasioned by war, strike, fire,  act of God, earthquake, flood, lockout, embargo, act of terrorism, governmental acts or orders, failure of suppliers, or any other reason where failure to perform is beyond the reasonable control and not caused by the negligence, intentional conduct or misconduct of the non-performing Party and such Party has exerted all reasonable efforts to avoid or remedy such force majeure; provided, however, that in no event shall a Party be required to settle any labor dispute or disturbance.
	 

	 
	 

	11.      Dispute Resolution
	 

	11.1            All disputes between the Parties in connection with or arising out of this Contract shall first be discussed in good faith between the Parties in order to try to find an amicable solution.
	 

	11.2            If no solution can be found to settle the dispute, then such dispute shall be finally settled by arbitration in accordance with the default rules and procedures of American Arbitration Association (“AAA”) sitting in New York City, NY, USA and conducted in English.
	 

	11.3            Within 30 days of notice that a Party wants to submit a dispute to arbitration, the Parties shall each select one independent arbitrator and will attempt to mutually agree upon a third independent arbitrator.  Each arbitrator will have expertise in the thin film technology industry and will not be an employee, affiliate or contractor for either Party.
	 

	11.4            If the Parties are unable to agree on the third arbitrator within fifteen (15) days, the two arbitrators shall select the third arbitrator within thirty (30) days.
	 

	11.5            If the amount in dispute is less than [***], then the Parties shall agree upon a single arbitrator meeting the above conditions within thirty (30) days of the notice of arbitration or such arbitrator shall be chosen by AAA if the Parties cannot agree.
	 

	11.6            The arbitrators shall determine what discovery will be permitted consistent with the goal of limiting the costs and time for such a proceeding. The Parties and arbitrators shall use all reasonable efforts to complete any arbitration subject to this Section within six (6) months from the selection of arbitrators.
	 

	11.7            The Parties agree that any award of damages shall not include punitive, special, consequential, or indirect damages except as specifically allowed in this Contract and shall comply with the limitation of liability provisions set forth herein.
	 

	11.8            The arbitrators’ decision shall be in a detailed writing setting forth the reasons for their decision and shall be provided concurrently to each Party.
	 

	11.9            The arbitration award shall be final and binding on the Parties.
	 

	11.10        Unless otherwise agreed to by the Parties, each Party shall pay one-half of the arbitration fees and expenses and shall bear all of its own expenses in connection with the arbitration.
	 

	11.11        Notwithstanding any of the foregoing, either Party shall have the right to seek, at its own cost and expenses, preliminary and temporary injunctive relief pending resolution of the dispute via arbitration.
	 

	11.12        The United Nations Convention on the International Sale of Goods applies unless otherwise expressly stated in this Contract.
	 

	12.      Confidential Information
	 

	12.1            The Parties acknowledge that they may receive information from the other Party which may be considered confidential and proprietary. The receiving Party agrees to avoid any un-authorized disclosure, dissemination, or use of such information that, if disclosed in writing, is identified and marked as confidential (or with words of similar meaning) at the time of its disclosure (or that, if disclosed verbally, is designated as confidential at the time of disclosure and is summarized and identified as confidential in a writing delivered to the receiving Party within thirty (30) days after the disclosure) or that are observed during a visit of the manufacturing facilities of one of the Parties and such information would appear to a reasonable person as confidential information ("Confidential Information").  Both parties agree that this Contract is the Confidential Information of both Parties.
	 

	
			
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	12.2            The receiving Party will use the Confidential Information solely for the purpose of performing its rights and obligations under the Contract. For the avoidance of doubt, if Buyer transfers the Dry Equipment to Project Company in accordance with Section 17.5.1, Buyer shall have the right to transfer Confidential Information to Project Company, provided that upon the completion of such transfer Buyer shall no longer have any rights to use such Confidential Information.
	 

	12.3            The receiving Party will not disclose Confidential Information to a Third Party without the prior written consent of the disclosing Party. The receiving Party will protect such information from un-authorized disclosure, use or dissemination with at least the same degree of care as the receiving Party exercises to protect its own information of similar type and importance, but in no event less than reasonable care.   Notwithstanding the foregoing, the receiving Party may disclose the Confidential Information to its authorized representatives (e.g. directors, employees, officers, professional advisors and agents)  having a need to know and who have signed confidentiality agreements or are otherwise bound by confidentiality obligations at least as restrictive as those contained herein.
	 

	12.4            The obligations of confidentiality and protection required by this Section will survive the expiration, termination, or cancellation of this Contract for a period of five years thereafter.
	 

	12.5            The obligation of confidentiality will not apply, or will cease to apply, to any information that: (a) was known to the receiving Party prior to its receipt of Confidential Information under this Contract; (b) is or becomes publicly available without breach of this Contract by the receiving Party; (c) is received from a Third Party without an obligation of confidentiality to the disclosing Party; or (d) is developed independently by employees of the receiving Party not having access to such information.
	 

	12.6            Notwithstanding anything to the contrary in this Section 8, each Party shall be permitted to lawfully disclose Confidential Information of the other Party to any governmental agency to the extent such disclosure is required by law (including but not limited to the SEC, USPTO, and pursuant to a subpoena); provided, however that before making such disclosure, the Party about to make such disclosure shall seek the highest level of protection available and give the other Party an adequate opportunity to interpose an objection or take action to assure confidential handling of such information.
	 

	13.      Miscellaneous
	 

	13.1            Amendment
	 

	No change or modification in the terms hereof, in a manner not expressly provided in this Contract shall be binding unless reduced to writing and duly executed by the Parties in the same manner as the execution of this Contract.  Any attempt to so change or modify the terms of this Contract shall be considered void and of no effect.
	 

	13.2            No Implied License
	 

	Only the licenses granted pursuant to the express terms of this Contract shall be of any legal force or effect.  No other license rights shall be created by implication, estoppel or otherwise.  Each Party reserves all rights not expressly granted to the other Party under this Contract.
	 

	13.3            Assignment
	 

	13.3.1.        Neither Party shall assign or transfer this Contract either voluntarily or by operation of law, in whole or in part, without the prior written consent of the other Party.
	 

	13.3.2.        Any attempt to assign without such consent shall be void and of no effect.
	 

	13.3.3.        Notwithstanding the foregoing, either Party may assign this Contract with the prior written consent of the other Party (which consent will not be unreasonably withheld), to an Affiliate and the terms of the Contract shall continue in effect without modification after such assignment.
	 

	13.4            Drafting
	 

	In interpreting and applying the terms and provisions of this Contract, the Parties acknowledge that its lawyers reviewed and participated in the drafting and agree that no presumption shall exist or be implied against the Party that drafted such terms and provisions.
	 

	13.5             Governing Law
	 

	This Contract shall be governed by and construed in accordance with the laws of the State of California in the United States, without regard to its conflicts of law principles.  

	 

	13.6            Venue
	 

	All disputes between the Parties in connection to this Contract shall be addressed in accordance with Section 11. If no solution can be found to settle the dispute, then the dispute will be submitted to a court of competent jurisdiction in the county of Santa Clara, CA, USA.
	 

	13.7            Independent Contractors 
	 

	
			
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	The relationship of the Parties is that of independent contractors. Neither Party shall be deemed to be an agent, partner, joint venturer or legal representative of the other for any purpose as a result of this Contract or the transactions contemplated thereby. Personnel supplied by either Party are not the other Party's employees or agents and such supplying Party assumes responsibility for their acts or omissions, The supplying Party shall be solely responsible for the payment of compensation of such Party's employees or agents assigned to perform services hereunder and such employees or agents shall be informed that they are not entitled to any employee benefits of the other Party.  Neither Party shall be responsible for paying worker's compensation, disability benefits, and unemployment insurance or for withholding and paying employment taxes for any employee or agent of the other Party.
	 

	13.8            Notices
	 

	13.8.1.        Unless otherwise agreed to by the Parties, the communications required or permitted to be given or made under this Contract shall be made in writing, via personal delivery, registered mail, facsimile transmission (with written confirmation copy by registered first-class mail), addressed to the appropriate Party at the address indicated below and a copy to the receiving Party’s legal department.
	 

	13.8.2.        All communications made pursuant to this section shall be deemed made or given on the date of such personal delivery, mailing or transmission.
	 

	13.8.3.        If to Buyer: 
Ulyanovsk Center for Technology Transfer
67 Krymova St., 
Ulyanovsk, 
Russia, 432071
	 

	 
	 

	13.8.4.        With a copy to:
	 

	 Limited liability Company “Russkie Tehnoparki” 
1 Sirenevyi bulv., c.c. Troitsk, Moscow, 
Russia, 142191

	 

	13.8.5.        If to Seller:
	 

	Intermolecular Inc.
	 

	3011 North First St.
	 

	San Jose
	 

	CA 95134
	 

	 
	 

	13.8.6.        With a copy to:
	 

	Intermolecular Inc.
	 

	Attention: General Counsel
	 

	3011 North First St.
	 

	San Jose
	 

	CA 95134
	 

	 
	 

	 
	 

	13.8.7.        The Parties may change the name and address to which communications should be sent under this section by providing prior written notice to the other Party.
	 

	13.9            Captions
	 

	The captions to the several sections hereof are not part of this Contract, but are included merely for convenience of reference and shall not affect its meaning or interpretation.  As used in this Contract, the word "including" means "including without limitation”.
	 

	13.10        Counterparts
	 

	This Contract may be executed in counterparts, each of which shall be deemed to be an original and all of which together shall be deemed to be one and the same agreement.
	 

	13.11        Signatures by Electronic Mail or Facsimile 
	 

	The delivery by electronic mail or facsimile of the signatures of the Parties shall be deemed valid and binding as if they were originally made.
	 

	
			
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	13.12        Copies
	 

	A scanned or photocopied version of this Contract shall be deemed to be an original and shall have the full force and effect of an original document.
	 

	13.13        Non-waiver
	 

	The failure of either Party at any instance to require performance of any provision hereof by the other Party shall not be deemed a waiver and thereafter shall not deprive that Party of its full right to require such performance of that provision at another instance.  Any waiver must be in writing executed by the waiving Party.
	 

	13.14        Severability
	 

	If any term, provision, covenant or condition of this Contract is held by a court of competent jurisdiction to be illegal, invalid, void or unenforceable, the remainder of the terms, provisions, covenants or conditions shall remain in full force and effect and shall in no way be affected, impaired or invalidated.  The Contract shall continue in full force and effect to the fullest extent permitted by law without said provision or with said provision being modified and narrowly tailored to achieve the original intent of the Parties.
	 

	13.15        Third Party Beneficiaries
	 

	Except as expressly provided in this Contract, there are no third party beneficiaries expressly or impliedly intended under this Contract.
	 

	13.16        Integration
	 

	This Contract, together with all Annexes hereto, constitutes the entire agreement and understanding of the Parties relating to the subject matter hereof and supersedes all prior negotiations and understandings between the Parties, both oral and written, regarding such subject matter.
	 

	13.17        Representation by Legal Counsel
	 

	Each Party hereto represents that it has been represented by legal counsel in connection with this Contract and acknowledges that it has participated in the drafting hereof. In interpreting and applying the terms and provisions of this Contract, the Parties agree that no presumption shall exist or be implied against the Party that drafted such terms and provisions.
	 

	13.18.   Governing Language

	 

	This Contract has been executed by the parties in counterpart originals, one in the English language and one in the Russian language. Notwithstanding the foregoing, the parties agree that in the event of controversy between the parties regarding the interpretation or application of the terms of this Contract, the English language version of the Contract will be controlling.  All communications and notices to be made or given pursuant to this Contract shall be in the English language.
	 

	14.      Addresses and Banking Details of the Parties 
	 

	14.1            Seller
	 

	14.1.1.        All payments due to Seller under this Contract shall be made by bank wire transfer as follows:
	 

	 
	 

	Domestic Wire Instructions:
	 

	Route all wires via FEDWIRE to the following ABA number
	 

	To:  [***]
	 

	Routing and Transit #:  [***]
	 

	For Credit of: Intermolecular, Inc.
	 

	Credit Account Number:  [***]
	 

	By Order of:  [name of sender]International Wire Instructions:        
Instruct the paying financial institution to advise their US correspondent to pay as follows:
Pay to:  [***]Routing & Transit:[***]Swift Code:   [***]For Credit of:   Intermolecular, Inc.       [***]Final Credit Account#:[***]By Order of:   [Name of Sender]

	 

	15.      Term and Termination
	 

	15.1            Term
	 

	This Contract shall be effective as of the Effective Date.  The term of this Contract shall commence on the Effective Date, and, unless terminated earlier as provided in this Section15.1, shall continue in full force and effect until the termination of all HPC Licenses and HPC-Enabled Informatics Software Licenses granted under this Contract (the "Term").   
	 

	
			
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	15.2            Termination for Breach
	 

	Either Party may terminate this Contract if the other Party has materially breached or defaulted in the performance of any of its material obligations, and such default has continued for ninety (90) calendar days after written notice was provided to the breaching Party by the non-breaching Party.
	 

	Termination will be effective at the end of the ninety (90) day period unless the breach has been cured before the expiration of the ninety (90) day period.
	 

	15.3             Effect of Termination
	 

	15.3.1.        Accrued Rights and Obligations
	 

	Termination of this Contract for any reason shall not release either Party from any liability or obligation that, at the time of termination, has already accrued to the other Party or that is attributable to a period prior to termination, nor shall it preclude either Party from pursuing any rights and remedies it may have at law or in equity with respect to any breach of this Contract. 
	 

	15.3.2.        Termination of Licenses 
	 

	All licenses granted under the Contract (including the HPC Licenses and HPC-Enabled Informatics Software Licenses) shall terminate upon termination of the Contract. For the avoidance of doubt, upon termination, Buyer shall have no right to use the Dry Combinatorial R&D Platform in HPC Mode. However, Buyer shall continue to have the right to use the Dry Combinatorial R&D Platform in non-HPC Mode.
	 

	 
	 

	15.4            Survival
	 

	Sections 1, 2, 4, 7, 8, 9, 10, 11, 12 and 13 shall survive the expiration or termination of this Contract for any reason. 
	 

	16.      Ownership OF Intellectual Property Rights and Know-How
	 

	16.1            HPC Technology
	 

	16.1.1.         Seller shall own all right, title, and interest in and to the HPC Technology and HPC Derivatives.
	 

	16.1.2.        Buyer hereby agrees to assign to Seller, all of Buyer’s right, title and interest in and to any HPC Technology and PC Technology and  HPC Derivatives that are developed during the term of this Contract. 
	 

	16.1.3.        All Intellectual Property Rights and Know-How rights arising out of the sole activities of Buyer’s personnel conducted for Buyer’s customers or for Buyer’s internal development programs with the use of Dry Combinatorial R&D Platform shall be owned by Buyer. 
	 

	16.1.4.        All Intellectual Property Rights and Know-How rights arising out of the sole activities of Seller’s personnel conducted for Seller’s customers or for Seller’s internal development programs with the use of Dry Combinatorial R&D Platform shall be owned by Seller. 
	 

	16.1.5.        All Intellectual Property Rights and Know-How rights arising out of the joint activities of Seller’s personnel and Buyer’s personnel with the use of Dry Combinatorial R&D Platform shall be jointly owned by Buyer and Seller. 
	 

	 
	 

	17.      LICENSES
	 

	17.1            HPC License
	 

	Subject to the terms and conditions of this Contract including the payments in Sections 2.4 and 2.5, Seller hereby grants to Buyer a non-exclusive, non-transferable, license, under Seller’s rights in HPC Technology (without the right to sublicense) to use the Equipment solely for the purpose of developing and commercializing materials in the Field. 
	 

	17.2            License Grant for Informatics Software 
	 

	17.2.1.        Subject to the terms and conditions of this Contract including the payments in Sections 2.4 and 2.5, Seller hereby grants to Buyer a non-exclusive, non-transferable, license, under Seller’s rights in Informatics Software (without the right to sublicense) to use the HPC-Enabled Informatics Software with the Equipment.  The aforementioned license (hereinafter “HPC-Enabled Informatics Software License”) shall only be for the sole purpose of developing and commercializing materials and products incorporating such materials, both in the Field.
	 

	17.2.2.        Buyer shall have no right to use HPC Technology under this Contract unless it purchases HPC-Enabled Informatics Software and purchases an HPC License.
	 

	
			
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	17.2.3.        Further, Buyer’s license to use HPC Technology shall only be for operation of the Equipment for which it has purchased HPC-Enabled Informatics Software, and only for the license term for such software and the HPC License.
	 

	17.3            Term of License
	 

	The term of the HPC License and the Informatics Software license granted by Seller to Buyer shall be for a period of 2 years starting from Sign-Off.  Subject to Buyer’s payment of the renewal fees in accordance with the payment terms of this Contract (including Annex 1.5.6), the term of the HPC License shall automatically renew for the 12-month for which the fees are paid.
	 

	17.4            Limited scope of license for use of Third Parties
	 

	The scope of the HPC License and the Informatics Software license granted by Seller to Buyer hereunder does not include the right to use the Dry Combinatorial R&D Platform on behalf of or for the benefit of Third Parties, except where the intended purpose of such activities is the qualification or sale by Buyer or one or more of its partners of a resulting materials and products incorporating such materials, both in the Field.
	 

	17.5            No Transfer to or use by Third Party of Equipment in HPC Mode
	 

	Except as stated in Section 17.5.1 below, Buyer agrees not to sell, lease, or otherwise dispose of (“Transfer”) the Equipment sold hereunder, or allow access to any Third Party to use the Equipment in HPC Mode (“Access”) without explicit written approval by Seller, which Seller may grant in its sole discretion and subject to Seller entering into a license agreement, if necessary under the circumstances, with such Third Party.  Buyer can Transfer the Equipment for [***] and agrees to inform any such Third Party purchaser that the Equipment cannot be used to perform HPC Technology without appropriate licenses from Seller.     
	 

	17.5.1. Buyer shall have the right to Transfer the Equipment sold hereunder to [***] a company [***] and hereinafter referred to as Project Company provided Project Company, in addition to Buyer, agrees to assume all of Buyer’s obligations related to the Equipment except for the  obligation to pay for the Equipment, and provided, pursuant to such Transfer, Buyer no longer has any rights in such Equipment.  For the avoidance of doubt, at no time shall both Buyer and Project Company have simultaneous ownership, use or possession of the Equipment.  In the event of such transfer,
 
(i) Project Company shall, [***] acquire Buyer’s rights (including all associated licenses) to use the Equipment in HPC Mode and to use HPC-Enabled Informatics Software and HPC Technology granted to Buyer by Seller under this Contract;
 
(ii) Seller shall fulfill all of Seller’s obligations related to the Equipment (such as Installation, start-up and adjustment, Training, warranty, maintenance and support obligations etc.) for Project Company [***], provided such obligations have not been fulfilled by Seller for Buyer;
 
(iii) Buyer remains a Party to be charged under this Contract.

	 

	17.6            Software is licensed and not owned
	 

	Buyer shall not be an owner of any copies of the Informatics Software or any documentation delivered to Buyer, but Buyer is licensed pursuant to this Contract to use any of the Informatics Software and documentation specified in Pricing Sheet.
	 

	17.7            Informatics Software is owned by Seller
	 

	Buyer acknowledges  that the features and the graphical user interface of the Informatics Software (“User Interface”), including, without limitation, icons, menus and screen designs, screen layouts, and command and screen sequence, are the Confidential Information of Seller or its licensors, and are subject to the terms and conditions of this Contract with regards to Confidentiality .  Buyer agrees that it will not create software programs incorporating the Confidential Information of the User Interface.  Nevertheless, if Buyer creates one or more data loaders for metrology and/or testing equipment that it wishes to integrate into the Dry Combinatorial R&D Platform, Seller will work with Buyer on a time and materials basis (subject to the mutual prior written agreement of the Parties) to facilitate the use of said data loader(s) with the User Interface.  Buyer further acknowledges that Seller or its licensors have asserted copyright ownership over the User Interface.  
	 

	
			
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	17.8            Buyer agrees that it will not itself, and will not through any parent, subsidiary, Affiliate, agent, or other Third Party, directly or indirectly, do any of the following:
	 

	17.8.1.        reproduce, distribute, copy, sell, create derivative works of, lease, license, or sublicense the Informatics Software or any component of either, or any documentation delivered to it pursuant to this Contract;
	 

	17.8.2.        use the Informatics Software in connection with any equipment other than the Equipment and test & characterization equipment used in connection with the Equipment;
	 

	17.8.3.        attempt, or permit any Third Party, to reverse engineer, disassemble, decrypt, decompile, or otherwise  attempt to derive source code from the Informatics Software;
	 

	17.8.4.         use any Informatics Software in connection with any time-sharing or other multi-user network or service bureau.
	 

	17.9            Subject to payment by Buyer of the amounts set forth in the applicable Pricing Sheet and during any period in which Buyer makes the payments as set forth in Section 2.5, Seller will provide to Buyer the Support in accordance with Annex 1.5.6.  Seller will provide Informatics Updates and improvements (provided such improvements are generally made available to all other licensees)  at no additional charge.
	 

	17.10         Legend. All copies of the Informatics Software shall include Seller’s copyright, trademarks, patent numbers, and other proprietary notices in the manner in which such notices were placed by Seller on such Informatics Software.  Further, Seller may label the Equipment with a permanent non-erasable identification label including but not limited to Seller’s name, Seller’s model number, a sequential serial number in Seller’s standard format, date of manufacture, location manufactured, and specification version to which the Equipment was manufactured.  Buyer shall not remove, obscure, or alter Seller’s copyright notices, trademarks, patent numbers, or other proprietary rights notices affixed to or contained within the Informatics Software or the Equipment.
	 

	17.11        THIS SECTION INTENTIONALLY LEFT BLANK
	 

	18.      Compliance with Laws. 
	 

	The Parties shall comply with all laws, rules or ordinances of the United States and any applicable state or other governmental agency while performing under this Contract.
	 

	18.1            Compliance with Securities Laws.  Buyer agrees that certain of the information provided by Seller to Buyer hereunder may be “material, nonpublic information” for purposes of federal or state securities laws, the awareness of which prohibits Seller and its employees, contractors, representatives and agents from (i) buying or selling Seller’s securities (stock, options, etc.) (i.e., “insider trading”) and (ii) passing information to anyone who may buy or sell Seller’s securities (i.e., “tipping”), until after the information has been disclosed to the public and absorbed by the market.  Without limiting any of Buyer’s other obligations under this Contract, Buyer will comply with all federal and state securities laws prohibiting insider trading and tipping, and shall immediately notify Seller in the event of any insider trading or tipping by Buyer or its employees, contractors, representatives or agents of which it becomes aware.
	 

	18.2            In accordance with the requirements of the Foreign Corrupt Practices Act of the United States (15 U.S.C. § 78dd-1 and 2) (“FCPA”), each Party agrees and warrants that it shall not make, offer, promise or authorize any payment, loan, gift, donation or other giving of money or things of value, directly or indirectly, whether through itself, its affiliates, partners, officers, employees, agents or representatives, whether in cash or kind, and whether pursuant to a written agreement, to or for the use of any government official, any political party or official thereof or any candidate for political office, for the purpose of influencing or inducing any official act or decision in order to further the activities contemplated by this Contract, including obtaining or retaining any government approval or funding related to such activities.
	 

	 
	 

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

	 
	 

	“Buyer”
	 

	Ulyanovsk Center for Technology Transfer Ltd.
	 

	Date: September 29, 2013
	 

	Name: /s/Andrey Redkin
	 

	(Print): Andrey Redkin
	 

	Title: CEO
	 

	 
	 

	“Seller”
	 

	
			
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	Intermolecular, Inc
	 

	Date: September 29, 2013
	 

	Name: /s/David E. Lazovsky
	 

	(Print): David E. Lazovsky
	 

	Title: President and CEO
	 

	 
	 

	“Customer’s Engineer”
	 

	Limited liability Company “Russkie Tehnoparki”
	 

	Date: September 29, 2013
	 

	Name: /s/Konstantin B. Popov
	 

	(Print): Konstantin B. Popov
	 

	Title: CEO
	 

	 
	 

	
			
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ANNEX 1.5.1

PRICING SHEET

Table-1. 
	
							
	S/N
	Product
	Manufacturer, country of origin
	Unit of measure
	Qty. in units of measure
	Unit price
	Total price

	1.
	TempusTM AP-30M
	Intermolecular, USA
	Unit
	[***]
	[***]
	[***]

	2.
	TempusTM P-30
	Intermolecular, USA
	Unit
	[***]
	[***]
	[***]

	3.
	HPC & Informatics License*
	Intermolecular, USA
	Year
	[***]
	[***]
	[***]

	4.
	Maintenance & Support*
	Intermolecular, USA
	Year
	[***]
	[***]
	[***]

	TOTAL
	х
	х
	Х
	[***]

* The fees for HPC & Informatics License and Maintenance & Support (“License-Support”) are included in the above price for a period of [***] from Sign-Off (the “Initial Term”).  Additional fees for the License/Support for the first year beyond the Initial Term (the “First Renewal Term”) shall be priced at [***] for the HPC & Informatics License fees and [***] for the Maintenance & Support fees for a combined total of [***]. The parties agree to enter into good faith discussions for pricing of the License-Support fees beyond the First Renewal Term, where such pricing shall take into account the fair market value of the License-Support fees.

	
			
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Table-2. Calculation of cost of supplied equipment considering additional payments and services
	
			
	S/N
	Expense item
	Cost (indicate currency)

	 1.
	Price of product (total in table-1)
	[***]

	 2.    
	Price of customs clearance of cargo (in case if foreign equipment is offered)
	[***]

	3.
	Price of insurance for maintaining Dry Equipment at Seller Site to be paid directly to insurance carrier by Seller on Buyer’s behalf (including the Seller’s fee for acting as an agent for obtainment of the insurance)
	[***]

	   4.
	Price of additional services, including:
	 

	4.1
	Installation, start-up and adjustment
	[***]

	4.2
	Training
	[***]

	4.3
	Usage of Seller Site space, electricity, water and other required utilities at Seller Site in accordance with 4.2
	[***]

	4.4
	All permits required for the Dry Equipment to be installed in San Jose, CA (if applicable)
	[***]

	 
	TOTAL (1 + 2 + 3 + 4)
	[***]

Payment of all taxes shall be in accordance with Section 3.3

	
			
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ANNEX 1.5.2

Dry Combinatorial R&D Platform Description

A.    Hardware Description
	
				
	S/N
	Name of delivered equipment and specification
	Configuration
	Quantity

	1.    
	TempusTM AP-30

	1.1.
	[***]
	[***]
	[***]

	1.2.
	[***]
	[***]

	1.3
	[***]
	[***]
	[***]

	1.4
	[***]
	[***]
	[***]

	1.5
	[***]
	[***]

	2.    
	TempusTM P-30
	 

	2.1.
	[***]
	[***]
	[***]

	2.2.
	[***]
	[***]

	2.3.
	[***]
	[***]

	2.4.
	[***]
	[***]

	2.5
	[***]
	[***]

	2.6
	[***]
	[***]

	2.7
	[***]
	[***]

	2.8
	[***]
	[***]

	2.9
	[***]
	[***]

	2.10
	[***]
	[***]

	2.11
	[***]
	[***]

	2.12
	[***]
	[***]
	[***]

	2.13
	[***]
	[***]
	[***]

	2.14
	[***]
	[***]

	2.15
	[***]
	[***]

	2.16
	[***]
	[***]
	[***]

	2.17
	[***]
	[***]
	[***]

Operational characteristics of equipment
Refer to Facilities Manuals attached for operational characteristics of each equipment:
•Manual, Installation and Plan Maintenance, AP-30, [***]
•P-30, Manual, Installation, [***]

	
			
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B.    Software Description

Informatics Software

Informatics Software is a comprehensive Web-based R&D information management system that serves as the backbone for integrating experimental process data, characterization results and analysis tools into unified R&D workflows. This system enables experimental design, planning, and tracking of experimental splits, the associated metrology, and e-test data. 

Following are the various modules of Informatics Software 
•Workflow manager (web & mobile app)
•R&D Database
•Data loader framework
•Data search & export module
•Analysis – Electrical Distribution, Spectra, Defect Distribution, Process Distribution, Sample Map, Image gallery
•Collaboration forum 
•Administrator module to control user access privileges

	
			
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ANNEX 1.5.3

Delivery Schedule

	
							
	S/N
	Stage
	AP-30 and two P-30s

	[***]
	[***]
	[***]
	[***]
	[***]

	1.1
	[***]
	[***]
	 
	 
	 
	 

	1.2
	[***]
	 
	[***]
	 
	 
	 

	1.3
	[***]
	 
	 
	[***]
	 
	 

	1.4
	[***]
	 
	 
	 
	[***]
	 

	1.5
	[***]
	 
	 
	 
	 
	[***]

	
			
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ANNEX 1.5.4

Payment Schedule

	
					
	S/N
	Stage
	Stage number in Delivery schedule
	Payment term
	Payment amount*

	1.
	Sign-Off of AP-30 and two P-30s at Seller Site in San Jose, CA, USA
	1.2
	Payment due [***]from [***]
	[***]

	2.
	Sign-Off of AP-30 and two P-30s at Seller Site in San Jose, CA, USA
	1.2
	Payment due [***]from [***]
	[***]

	TOTAL 
(total sum considering all obligatory payments)
	х
	х
	[***]

*The amounts are prior to any applicable taxes.  Any applicable taxes are in addition to the Payment amount and shall be due and payable in accordance with Section 3.3. 

	
			
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	ANNEX 1.5.5
	 
	 

	 
	 
	 

	Acceptance Criteria
	 
	 

	 
	 
	 

	The acceptance criteria are described in the following documents which are incorporated herein by reference:
	 
	 

	1.       Procedure Ti Standard Acceptance P-30 [***]
	 
	 

	2.       Procedure Standard Acceptance AP-30 [***]
	 
	 

	
			
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	ANNEX 1.5.6
	 

	Seller Maintenance and Support Services
	 

	 
	 

	This Annex describes the maintenance and support services that Seller will provide with respect to the Dry Combinatorial R&D Platform.
	 

	Term and renewal of services
	 

	Seller will provide maintenance and support services set forth herein for the Dry Combinatorial R&D Platform.  Such services will commence upon Sign-Off and continue for a period of [***] thereafter (the “Initial Term”).
	 

	 
	 

	Seller will continue to provide said services during any additional term during which Buyer renews maintenance and support services (“Renewal Term”) in accordance with the procedure set forth below.
	 

	 
	 

	Not less than [***] prior to the conclusion of the Initial Term, Seller shall send Buyer written notice of the date that the Initial Term is scheduled to expire, together with an invoice for HPC & Informatics License fees (“License Fees”) and maintenance & support fees (‘Support Fees”) for the first year beyond the Initial Term (the “First Renewal Term”) at USD [***] For the License Fees and USD [***] for the Support Fees (for a combined total of [***]), which invoice shall be payable within [***].
	 

	 
	 

	The fees for HPC & Informatics License and Maintenance & Support (“License-Support”) are included in the pricing in Annex 1.5.1 for a period of [***] from Sign-Off (the “Initial Term”).  The parties agree to enter into good faith discussions for pricing of the License-Support fees beyond the First Renewal Term, where such pricing shall take into account the fair market value of the License-Support fees.
	 

	 
	 

	Seller will advise Buyer in advance when Seller believes that maintenance and support services fall outside of the range of supported services (“Non-Covered Services”) and will provide Buyer with a description of such Non-Covered Services and any applicable charges.  All charges by Seller shall be at Seller’s then-current rates.
	 

	 
	 

	Response Times
	 

	 
	 

	Seller customer service may be initiated by calling 1-408 582-5700 or such other number or email provided to Buyer for that purpose.  Seller will use its best judgment to determine the priority level of each error reported by Buyer and shall inform Buyer of any change and the basis thereof.  Seller shall provide and maintain for Buyer contact and escalation procedures for Buyer personnel to reach an appropriate Seller employee as follows:
	 

	 
	 

	In the event of a call reporting an error, Seller will acknowledge the Buyer call within the next business day of Buyer contacting Seller, followed by initial assessment and an error resolution plan within [***] days of the assessment. Seller will use commercially reasonable efforts to schedule and execute error resolution activities in a timely fashion and in accordance with the error resolution plan.  Provided that Seller’s activities under the error resolution plan are not related to activities outside Seller’s control (e.g. shipping delays, long-lead design and parts procurement), Seller will make commercially reasonable efforts to execute the plan within a period of [***].  In the event  Seller’s activities under the error resolution plan are related to activities outside Seller’s control (e.g. shipping delays, long-lead design and parts procurement), Seller shall notify Buyer accordingly.
	 

	 
	 

	Maintenance and Support Services
	 

	 
	 

	A.   Informatics Hardware and Equipment Support
	 

	 
	 

	During the Initial Term and any Renewal Term, provided Seller receives the reasonable requested cooperation from Buyer, Seller will do the following:
	 

	 
	 

	
			
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	(a)    Remedial maintenance will be provided by Seller during normal working hours.  Buyer will provide [***] access to the Hardware as needed to perform any services hereunder.  
	 

	 
	 

	(b)    During the Warranty Period (as defined in Section 8.3), Seller will[***] maintain the Hardware in accordance with the warranty set forth in the Contract, including replace or repair (collectively “Remedy”) parts as deemed necessary by Seller.  After the end of the Warranty Period (provided Buyer extends the maintenance and support services to be provided under this Annex beyond the Initial Term), Seller will Remedy parts at Buyer’s expense.  In either of the foregoing, Seller will pay for the labor and services required to Remedy the parts (but will not pay for the parts beyond the Warranty Period).  Buyer shall inform Seller if any replaced parts may be contaminated with hazardous or toxic materials.  All parts may be furnished on an exchange basis and may be new or refurbished spares. Replaced parts removed from the Hardware will, at Seller’s sole option, become the property of Seller. All [***] items, including but not limited to [***] are excluded from coverage hereunder.  Cost of [***]and [***], including [***] are to be covered by Buyer.  Buyer is responsible for maintenance, and cost, of support equipment which are not listed in the Sign-Off.
	 

	 
	 

	(c)    Seller shall not be responsible for maintenance and support services under the contract based on damage caused by (i) Equipment operation outside of specified hardware limits and process conditions, 
(ii) adjustments, repairs or replacement parts required because of operator-caused error or repeated misuse of Hardware; 
(iii) a non-conformity arising from or after relocation of the Hardware without prior written approval of Seller, which shall not be unreasonably withheld, unless Buyer can demonstrate by clear and convincing evidence that the relocation did not cause the non-conformity, in whole or in part, or (iv) damages covered arising out of force majeure.  All repairs required by such excluded damage will be subject to an additional charge, as agreed in advance in writing by Seller and Buyer.
	 

	 
	 

	B. Software Support
	 

	 
	 

	During the Initial Term and during any Renewal Term, Seller shall use commercially reasonable efforts to do the following:
	 

	 
	 

	(a)   Remedial maintenance will be provided by Seller during normal working hours.  Buyer will provide full and free access to the Software as needed to perform any services hereunder.
	 

	(b)   During the Warranty Period (as defined in Section 8.3), Seller will maintain the Software in accordance with the warranty set forth in the Contract.  Buyer will provide VPN site-to-site Internet access to the data network located at the Seller Facility to improve Seller’s ability to support Buyer.
	 

	 
	 

	c) Seller is not required to support or maintain any version of the Software except its then-current, commercially released version, and the version that immediately preceded that version.  For such immediately preceding software version, Seller shall use commercially reasonable efforts to provide error-fixing updates, but shall have no obligation to provide upgrades that improve the functionality of that software version.
	 

	 
	 

	(d)   Seller is not obligated to provide, free of charge services, additional services, outside of the range of normal support services, such as debugging problems in non-Seller-supported software or products, or in combinations of supported and non-supported software or products where the problem occurs in products or software not supplied by Seller, 
	 

	
			
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ANNEX 1.5.7

Installation and Facility Requirements

The facility requirements are described in the following documents which are incorporated herein by reference:
		
	1.
	AP-30 Facility Requirements

		
	2.
	P-30 Facility Requirements

The installation requirements specifying  the exact and exhaustive additional equipment, infrastructure and certain requirements needed for the Equipment being installed and stared-up at the Buyer site shall be drafted and incorporated herein by the Parties within a term of [***] since the Execution date.

	
			
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	ANNEX 1.5.8
	 

	 
	 

	Documents at Sign-Off
	 

	 
	 

	 
	 

	Operation Manuals:
	 

	 
	 

	1.       Manual, Installation and Plan Maintenance, AP-30[***]
	 

	2.       Manual, User, Brooks Automation, M2[***]
	 

	3.       P-30, Manual, Installation, Operation, [***]
	 

	4.       P-30, Manual, Maintenance[***]
	 

	5.       P-30, Manual, Safety[***]
	 

	6.       P-30, Manual, User[***]
	 

	7.       Procedure, Blowout, Teardown, Shipping, P-30[***]
	 

	8.       Procedure, Decontamination, P-30[***]
	 

	 
	 

	Certificates:
	 

	 
	 

	None from Seller
	 

	 
	 

	
			
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ANNEX 1.5.9

HPC Technology as Know How includes the following Informatics Modules

		
	1.
	R&D Workflow management: [***]

		
	2.
	Data loading framework: [***]

		
	3.
	Collaboration forum: [***]

		
	4.
	Analysis: [***]

		
	5.
	Data search & export: [***]

		
	6.
	Visual Data analysis: [***] 

		
	7.
	R&D data warehouse: [***]

The documentary and supplementary information listed above shall be transferred by the Seller to the Buyer in PDF files in digital within a period of [***] since the execution date. 
The Parties shall confirm save receipt of the Know How information by drafting a Completion act in [***] after the transfer of data has occurred.
 

	
			
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	Annex 1.5.10

Acceptance completion act
	 
	 

	No. __
	 
	 

	 
	 
	 

	September ___ , 2013
	 
	 

	 
	 
	 

	The present Acceptance completion act (hereinafter referred to as the “Act”) is concluded between 
Limited Liability Company Ulyanovsk Center for Technology Transfer, a Russian Federation corporation doing business at 67 Krymova St., Ulyanovsk, Russia, 432071, hereinafter referred to as the "Buyer", on the one part, 

and Intermolecular, Inc., a Delaware, USA corporation doing business at 3011 North First St., San Jose, CA 95134, USA, hereinafter referred to as the "Seller", 

and Limited liability Company “Russkie Tehnoparki” a Russian Federation corporation doing business at 1 Sirenevyi bulv., c.c. Troitsk, Moscow, Russia, 142191 hereinafter referred to as the "Customer’s Engineer", 

(jointly referred to as the “Parties” and individually referred to as the “Party”) as follows:.
	 
	 

	 
	 
	 

	1. All Parties entered into the Equipment Supply and Technology Licensing Contract, __th, 2013 (hereinafter the “Contract”).
	 
	 

	2. All Parties acknowledge that prior to the execution of this Act the Parties have performed the examination of the installation of the Equipment by the Acceptance Commission in accordance with the Contract and that the results of such examination are satisfactory to all Parties. The Parties further acknowledge that since the date of this Act the Buyer has been granted the license to use the Seller’s Technology (including Know-How) as stated in the Contract and that title and risk of loss in the Equipment has transferred to the Buyer.
	 
	 

	 
	 
	 

	3. The Buyer recognizes that the Equipment satisfies the Acceptance Criteria specified in the Contract, and therefore recognizes the execution of the Contract by the Seller as full and appropriate.
	 
	 

	 
	 
	 

	4. Further to the Contract, this Act is a basis for the submission of an invoice for a part of the Contract price in accordance with the Payment Schedule.
	 
	 

	 
	 
	 

	5. Each Party has received its equally enforceable original copies of the Contract and Annexes thereto that have been signed by each Party.
	 
	 

	 
	 
	 

	6. The present Act is executed in three original counterparts in English and Russian. All capitalized terms used in this Act shall have the same meaning as in the Contract, unless otherwise expressly stated herein.
	 
	 

	 
	 
	 

	 
	 
	 

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

	 
	 

	“Buyer”
	 

	
			
	3033
	 
	

	
			
	[***] Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.

	Confidential Information
	 
	Equipment Supply & Technology Licensing Contract

	
			
	Ulyanovsk Center for Technology Transfer Ltd.
	 

	Date:
	 

	Name:
	 

	(Print)
	 

	Title:
	 

	 
	 

	“Seller”
	 

	Intermolecular, Inc
	 

	Date:
	 

	Name:
	 

	(Print)
	 

	Title:
	 

	 
	 

	“Customer’s Engineer”
	 

	Limited liability Company “Russkie Tehnoparki”
	 

	Date:
	 

	Name:
	 

	(Print)
	 

	Title:
	 

	 
	 

	
			
	3133
	 
	

	
			
	[***] Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.

	Confidential Information
	 
	Equipment Supply & Technology Licensing Contract

	
			
	Annex 1.5.11

Start-up Act 
	 
	 

	No. __
	 
	 

	 
	 
	 

	September ___ , 2013
	 
	 

	 
	 
	 

	The present Start-up (hereinafter referred to as the “Act”) is concluded between 

	 
	 

	Limited Liability Company Ulyanovsk Center for Technology Transfer, a Russian Federation corporation doing business at 67 Krymova St., Ulyanovsk, Russia, 432071, hereinafter referred to as the "Buyer", on the one part, 

	 
	 

	and Intermolecular, Inc., a Delaware, USA corporation doing business at 3011 North First St., San Jose, CA 95134, USA, hereinafter referred to as the "Seller", 

	 
	 

	and Limited liability Company “Russkie Tehnoparki” a Russian Federation corporation doing business at 1 Sirenevyi bulv., c.c. Troitsk, Moscow, Russia, 142191 hereinafter referred to as the "Customer’s Engineer", 
	 
	 

	(jointly referred to as the “Parties” and individually referred to as the “Party”) as follows:.
	 
	 

	 
	 
	 

	1. All Parties entered into the Equipment Supply and Technology Licensing Contract, __th, 2013 (hereinafter the “Contract”).
	 
	 

	 
	 
	 

	2. Hereby the Parties confirm that the Dry Equipment has been properly installed, started-up and adjusted at Buyer Site and that the Dry Equipment conforms with the Specifications and that training obligations are duly performed by the Seller.
	 
	 

	 
	 
	 

	3. Each Party has received its equally enforceable original copies of the Contract and Annexes thereto that have been signed by each Party.
	 
	 

	 
	 
	 

	4. The present Act is executed in three original counterparts in English and Russian. All capitalized terms used in this Act shall have the same meaning as in the Contract, unless otherwise expressly stated herein.
	 
	 

	 
	 
	 

	 
	 
	 

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

	 
	 

	“Buyer”
	 

	Ulyanovsk Center for Technology Transfer Ltd.
	 

	Date:
	 

	Name:
	 

	(Print)
	 

	Title:
	 

	 
	 

	“Seller”
	 

	Intermolecular, Inc
	 

	Date:
	 

	Name:
	 

	
			
	3233
	 
	

	
			
	[***] Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.

	Confidential Information
	 
	Equipment Supply & Technology Licensing Contract

	
			
	(Print)
	 

	Title:
	 

	 
	 

	“Customer’s Engineer”
	 

	Limited liability Company “Russkie Tehnoparki”
	 

	Date:
	 

	Name:
	 

	(Print)
	 

	Title:
	 

	 
	 

	
			
	3333

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