Document:

exv10w01

 

 

Exhibit
10.01

 

    FLEXTRONICS
    INTERNATIONAL LTD.

 

    2001 EQUITY INCENTIVE PLAN

 

    As Adopted August 13, 2001 and amended through
    September 27, 2007

 

    1.  PURPOSE.  The purpose of this
    Plan is to provide incentives to attract, retain and motivate
    eligible persons whose present and potential contributions are
    important to the success of the Company, its Parent and
    Subsidiaries, by offering them an opportunity to participate in
    the Company’s future performance through grants of Awards.
    Capitalized terms not defined in the text are defined in
    Section 21.

 

    2.  SHARES SUBJECT TO THE PLAN.

 

    2.1  Number of Shares
    Available.  Subject to Sections 2.2 and
    15, the total number of Shares reserved and available for grant
    and issuance pursuant to this Plan will be
    42,000,000 Shares, plus shares that are subject to issuance
    upon exercise of an Award but cease to be subject to such Award
    for any reason other than exercise of such Award. In addition,
    any authorized shares not issued or subject to outstanding
    grants under the Company’s 1993 Share Option Plan,
    1997 Interim Option Plan, 1998 Interim Option Plan, 1999 Interim
    Option Plan, ASIC International, Inc. Non-Qualified Stock Option
    Plan, Wave Optics, Inc. 1997 Share Option Plan, Wave
    Optics, Inc. 2000 Share Option Plan, Chatham Technologies,
    Inc. Stock Option Plan, Chatham Technologies, Inc. 1997 Stock
    Option Plan, IEC Holdings Limited 1997 Share Option Scheme,
    Palo Alto Products International Private Ltd 1996 Share
    Option Plan, The DII Group, Inc. 1994 Stock Incentive Plan, The
    DII Group, Inc. 1993 Stock Option Plan, Orbit Semiconductor,
    Inc. 1994 Stock Incentive Plan, Telcom Global Solutions
    Holdings, Inc. 2000 Equity Incentive Plan, Telcom Global
    Solutions, Inc. 2000 Stock Option Plan, KMOS Semi-Customs, Inc.
    1989 Stock Option Plan, and KMOS Semi-Customs, Inc. 1990
    Non-Qualified Stock Option Plan, (each a “Prior
    Plan” and collectively, the “Prior
    Plans”) and any shares subject to outstanding grants
    that are forfeited
    and/or that
    are issuable upon exercise of options granted pursuant to the
    Prior Plans that expire or become unexercisable for any reason
    without having been exercised in full, will no longer be
    available for grant and issuance under the Prior Plans, but will
    be available for grant and issuance under this Plan. At all
    times the Company shall reserve and keep available a sufficient
    number of Shares as shall be required to satisfy the
    requirements of all outstanding Awards granted under this Plan.
    No more than 30,000,000 Shares shall be issued as ISOs and
    no more than 15,000,000 Shares shall be issued as Stock
    Bonuses.

 

    2.2  Adjustment of
    Shares.  Should any change be made to the
    Shares issuable under the Plan by reason of any stock split,
    stock dividend, recapitalization, combination of shares,
    exchange of shares, spin-off or other change affecting the
    outstanding Shares as a class without the Company’s receipt
    of consideration, then appropriate adjustments shall be made to
    (i) the maximum number
    and/or class
    of securities issuable under the Plan, (ii) the maximum
    number
    and/or class
    of securities for which any Participant may be granted Awards
    under the terms of the Plan or that may be granted generally
    under the terms of the Plan, (iii) the number
    and/or class
    of securities and price per Share in effect under each Award
    outstanding under Sections 5, 7, and 20, and (iv) the
    number
    and/or class
    of securities for which automatic Option grants are to be
    subsequently made to newly elected or continuing Outside
    Directors under Section 7. Such adjustments to the
    outstanding Awards are to be effected in a manner which shall
    preclude the enlargement or dilution of rights and benefits
    under such Awards, provided, however, that (i) fractions of
    a Share will not be issued but will be replaced by a cash
    payment equal to the Fair Market Value of such fraction of a
    Share, as determined by the Committee. The adjustments
    determined by the Committee shall be final, binding and
    conclusive. The repricing, replacement or regranting of any
    previously granted Award, through cancellation or by lowering
    the Exercise Price or Purchase Price of such Award, shall be
    prohibited unless the shareholders of the Company first approve
    such repricing, replacement or regranting.

 

    3.  ELIGIBILITY.  All Awards may be
    granted to employees, officers and directors of the Company or
    any Parent or Subsidiary of the Company. No person will be
    eligible to receive more than 4,000,000 Shares in any
    calendar year under this Plan pursuant to the grant of Awards
    hereunder; provided, however, that no

    

    1

 

    Outside Director will be eligible to receive more than
    100,000 Shares, in the aggregate, in any calendar year
    under this Plan pursuant to the grant of Awards hereunder. A
    person may be granted more than one Award under this Plan.

 

    4.  ADMINISTRATION.

 

    4.1  Committee
    Authority.  This Plan will be administered by
    the Committee or by the Board acting as the Committee. Except
    for automatic grants to Outside Directors pursuant to
    Section 7 hereof, and subject to the general purposes,
    terms and conditions of this Plan, and to the direction of the
    Board, the Committee will have full power to implement and carry
    out this Plan. Except for automatic grants to Outside Directors
    pursuant to Section 7 hereof, the Committee will have the
    authority to:

 

    (a) construe and interpret this Plan, any Award Agreement
    and any other agreement or document executed pursuant to this
    Plan;

 

    (b) prescribe, amend and rescind rules and regulations
    relating to this Plan or any Award;

 

    (c) select persons to receive Awards;

 

    (d) determine the form and terms of Awards;

 

    (e) determine the number of Shares or other consideration
    subject to Awards;

 

    (f) determine whether Awards will be granted singly, in
    combination with, in tandem with, in replacement of, or as
    alternatives to, other Awards under this Plan or any other
    incentive or compensation plan of the Company or any Parent or
    Subsidiary of the Company;

 

    (g) grant waivers of Plan or Award conditions;

 

    (h) determine the vesting, exercisability and payment of
    Awards;

 

    (i) correct any defect, supply any omission or reconcile
    any inconsistency in this Plan, any Award or any Award Agreement;

 

    (j) determine whether an Award has been earned; and

 

    (k) make all other determinations necessary or advisable
    for the administration of this Plan.

 

    4.2  Committee
    Discretion.  Except for automatic grants to
    Outside Directors pursuant to Section 7 hereof, any
    determination made by the Committee with respect to any Award
    will be made in its sole discretion at the time of grant of the
    Award or, unless in contravention of any express term of this
    Plan or Award, at any later time, and such determination will be
    final and binding on the Company and on all persons having an
    interest in any Award under this Plan. The Committee may
    delegate to one or more officers of the Company the authority to
    grant an Award under this Plan to Participants who are not
    Insiders of the Company.

 

    5.  OPTIONS.  The Committee may grant
    Options to eligible persons and will determine whether such
    Options will be Incentive Stock Options within the meaning of
    the Code (“ISOs”) or Nonqualified Stock Options
    (“NQSOs”), the number of Shares subject to the
    Option, the Exercise Price of the Option, the period during
    which the Option may be exercised, and all other terms and
    conditions of the Option, subject to the following:

 

    5.1  Form of Option
    Grant.  Each Option granted under this Plan
    will be evidenced by an Award Agreement which will expressly
    identify the Option as an ISO or an NQSO (“Stock Option
    Agreement”), and, except as otherwise required by the
    terms of Section 7 hereof, will be in such form and contain
    such provisions (which need not be the same for each
    Participant) as the Committee may from time to time approve, and
    which will comply with and be subject to the terms and
    conditions of this Plan.

 

    5.2  Date of Grant.  The date
    of grant of an Option will be the date on which the Committee
    makes the determination to grant such Option, unless otherwise
    specified by the Committee. The Stock Option Agreement and a
    copy of this Plan will be delivered to the Participant within a
    reasonable time after the granting of the Option.

    

    2

 

    5.3  Exercise Period.  Options
    may be exercisable within the times or upon the events
    determined by the Committee as set forth in the Stock Option
    Agreement governing such Option; provided, however, that no
    Option will be exercisable after the expiration of ten
    (10) years from the date the Option is granted; and
    provided further that (i) no ISO granted to a person who
    directly or by attribution owns more than ten percent (10%) of
    the total combined voting power of all classes of shares or
    stock of the Company or of any Parent or Subsidiary of the
    Company (“Ten Percent Shareholder”) will
    be exercisable after the expiration of five (5) years from
    the date the ISO is granted and (ii) no Option granted to a
    person who is not an employee of the Company or any Parent or
    Subsidiary of the Company on the date of grant of that Option
    will be exercisable after the expiration of five (5) years
    from the date the Option is granted. The Committee also may
    provide for Options to become exercisable at one time or from
    time to time, periodically or otherwise, in such number of
    Shares or percentage of Shares as the Committee determines.

 

    5.4  Exercise Price.  The
    Exercise Price of an Option will be determined by the Committee
    when the Option is granted; provided that: (i) the Exercise
    Price will be not less than 100% of the Fair Market Value of the
    Shares on the date of grant; and (ii) the Exercise Price of
    any ISO granted to a Ten Percent Shareholder will not be
    less than 110% of the Fair Market Value of the Shares on the
    date of grant. Payment for the Shares purchased may be made in
    accordance with Section 6 of this Plan.

 

    5.5  Method of Exercise.

 

    (a) Options may be exercised only by delivery to the
    Company (or as the Company may direct) of a written stock option
    exercise agreement (the “Exercise Agreement”)
    (in the case of a written Exercise Agreement, in the form
    approved by the Board or the Committee, which need not be the
    same for each Participant), in each case stating the number of
    Shares being purchased, the restrictions imposed on the Shares
    purchased under such Exercise Agreement, if any, and such
    representations and agreements regarding Participant’s
    investment intent and access to information and other matters,
    if any, as may be required or desirable by the Company to comply
    with applicable securities laws, together with payment in full
    of the Exercise Price for the number of Shares being purchased.

 

    (b) A written Exercise Agreement may be communicated
    electronically through the use of such security device
    (including, without limitation, any logon identifier, password,
    personal identification number, smartcard, digital certificate,
    digital signature, encryption device, electronic key,
    and/or other
    code or any access procedure incorporating any one or more of
    the foregoing) as may be designated by the Board or the
    Committee for use in conjunction with the Plan from time to time
    (“Security Device”), or via an electronic page,
    site, or environment designated by the Company which is
    accessible only through the use of such Security Device, and
    such written Exercise Agreement shall thereby be deemed to have
    been sent by the designated holder of such Security Device. The
    Company (or its agent) may accept and act upon any written
    Exercise Agreement issued
    and/or
    transmitted through the use of the Participant’s Security
    Device (whether actually authorized by the Participant or not)
    as his authentic and duly authorized Exercise Agreement and the
    Company (or its agent) may treat such Exercise Agreement as
    valid and binding on the Participant notwithstanding any error,
    fraud, forgery, lack of clarity or misunderstanding in the terms
    of such Exercise Agreement. All written Exercise Agreements
    issued
    and/or
    transmitted through the use of the Participant’s Security
    Device (whether actually authorized by the Participant or not)
    are irrevocable and binding on the Participant upon transmission
    to the Company (or as the Company may direct) and the Company
    (or its agent) shall be entitled to effect, perform or process
    such Exercise Agreement without the Participant’s further
    consent and without further reference to the Participant.

 

    (c) The Company’s records of the Exercise Agreements
    (whether delivered or communicated electronically or in printed
    form), and its record of any transactions maintained by any
    relevant person authorized by the Company relating to or
    connected with the Plan, whether stored in audio, electronic,
    printed or other form, shall be binding and conclusive on the
    Participant and shall be conclusive evidence of such Exercise
    Agreements
    and/or
    transactions. All such records shall be admissible in evidence
    and, in the case of a written Exercise Agreement which has been
    communicated electronically, the Participant

    

    3

 

    shall not challenge or dispute the admissibility, reliability,
    accuracy or the authenticity of the contents of such records
    merely on the basis that such records were incorporated
    and/or set
    out in electronic form or were produced by or are the output of
    a computer system, and the Participant waives any of his rights
    (if any) to so object.

 

    5.6  Termination.  Notwithstanding
    the exercise periods set forth in the Stock Option Agreement,
    exercise of an Option will always be subject to the following:

 

    (a) If the Participant is Terminated for any reason except
    death or Disability, then the Participant may exercise such
    Participant’s Options only to the extent that such Options
    would have been exercisable upon the Termination Date no later
    than three (3) months after the Termination Date (or such
    shorter or longer time period not exceeding five (5) years
    as may be determined by the Committee, provided, that any Option
    which is exercised beyond three (3) months after the
    Termination Date shall be deemed to be an NQSO), but in any
    event no later than the expiration date of the Options.

 

    (b) If the Participant is Terminated because of the
    Participant’s death or Disability (or the Participant dies
    within three (3) months after a Termination other than for
    Cause or because of the Participant’s Disability), then the
    Participant’s Options may be exercised only to the extent
    that such Options would have been exercisable by the Participant
    on the Termination Date and must be exercised by the Participant
    (or the Participant’s legal representative or authorized
    assignee) no later than twelve (12) months after the
    Termination Date (or such shorter or longer time period not
    exceeding five (5) years as may be determined by the
    Committee, provided, that any Option which is exercised beyond
    twelve (12) months after the Termination Date when the
    Termination is for Participant’s Disability, shall be
    deemed to be an NQSO), but in any event no later than the
    expiration date of the Options.

 

    (c) If the Participant is terminated for Cause, then the
    Participant’s Options shall expire on such
    Participant’s Termination Date, or at such later time and
    on such conditions as are determined by the Committee (but in
    any event, no later than the expiration date of the Options).

 

    5.7  Limitations on
    Exercise.  The Committee may specify a
    reasonable minimum number of Shares that may be purchased on any
    exercise of an Option, provided that such minimum number will
    not prevent Participant from exercising the Option for the full
    number of Shares for which it is then exercisable.

 

    5.8  Limitations on ISO.  The
    aggregate Fair Market Value (determined as of the date of grant)
    of Shares with respect to which ISO are exercisable for the
    first time by a Participant during any calendar year (under this
    Plan or under any other incentive stock option plan of the
    Company, Parent or Subsidiary of the Company) will not exceed
    US$100,000. If the Fair Market Value of Shares on the date of
    grant with respect to which ISO are exercisable for the first
    time by a Participant during any calendar year exceeds
    US$100,000, then the Options for the first US$100,000 worth of
    Shares to become exercisable in such calendar year will be ISO
    and the Options for the amount in excess of US$100,000 that
    become exercisable in that calendar year will be NQSOs. In the
    event that the Code or the regulations promulgated thereunder
    are amended after the Effective Date of this Plan to provide for
    a different limit on the Fair Market Value of Shares permitted
    to be subject to ISO, such different limit will be automatically
    incorporated herein and will apply to any Options granted after
    the effective date of such amendment.

 

    5.9  Modification, Extension or
    Renewal.  The Committee may modify, extend or
    renew outstanding Options and authorize the grant of new Options
    in substitution therefor, provided that any such action may not,
    without the written consent of a Participant, impair any of such
    Participant’s rights under any Option previously granted,
    and provided further that the exercise period of any Option may
    not in any event be extended beyond the periods specified in
    Section 5.3. Any outstanding ISO that is modified,
    extended, renewed or otherwise altered will be treated in
    accordance with Section 424(h) of the Code.

 

    5.10  No
    Disqualification.  Notwithstanding any other
    provision in this Plan, no term of this Plan relating to ISO
    will be interpreted, amended or altered, nor will any discretion
    or authority granted under this Plan be exercised, so as to
    disqualify this Plan under Section 422 of the Code or,
    without the consent of the Participant affected, to disqualify
    any ISO under Section 422 of the Code.

    

    4

 

    6.  PAYMENT FOR SHARE PURCHASES.

 

    6.1  Payment.  Payment for
    Shares purchased pursuant to this Plan may be made in cash (by
    check) or, where expressly approved for the Participant by the
    Committee and where permitted by law:

 

    (a) by cancellation of indebtedness of the Company to the
    Participant;

 

    (b) by waiver of compensation due or accrued to the
    Participant for services rendered;

 

    (c) with respect only to purchases upon exercise of an
    Option, and provided that a public market for the Company’s
    Shares exists:

 

    (i) through a “same day sale” commitment from the
    Participant and a broker-dealer that is a member of the National
    Association of Securities Dealers (an “NASD
    Dealer”) whereby the Participant irrevocably elects to
    exercise the Option and to sell a portion of the Shares so
    purchased to pay for the Exercise Price, and whereby the NASD
    Dealer irrevocably commits upon receipt of such Shares to
    forward the Exercise Price directly to the Company; or

 

    (ii) through a “margin” commitment from the
    Participant and a NASD Dealer whereby the Participant
    irrevocably elects to exercise the Option and to pledge the
    Shares so purchased to the NASD Dealer in a margin account as
    security for a loan from the NASD Dealer in the amount of the
    Exercise Price, and whereby the NASD Dealer irrevocably commits
    upon receipt of such Shares to forward the Exercise Price
    directly to the Company;

 

    (d) conversion of a convertible note issued by the Company,
    the terms of which provide that it is convertible into Shares
    issuable pursuant to the Plan (with the principal amount and any
    accrued interest being converted and credited dollar for dollar
    to the payment of the Exercise Price); or

 

    (e) by any combination of the foregoing.

 

    7.  AUTOMATIC GRANTS TO OUTSIDE DIRECTORS.

 

    7.1  Types of Options and
    Shares.  Options granted under this Plan and
    subject to this Section 7 shall be NQSOs.

 

    7.2  Eligibility.  Options
    subject to this Section 7 shall be granted only to Outside
    Directors. In no event, however, may any Outside Director be
    granted any Options under this Section 7 if such grant is
    (a) prohibited, or (b) restricted (either absolutely
    or subject to various securities requirements, whether legal or
    administrative, being complied with), in the jurisdiction in
    which such Outside Director is resident under the relevant
    securities laws of that jurisdiction.

 

    7.3  Initial Grant.  Each
    Outside Director who first becomes a member of the Board after
    the Effective Date will automatically be granted an Option for
    25,000 Shares (an “Initial Grant”) on the
    date such Outside Director first becomes a member of the Board.
    Each Outside Director who became a member of the Board on or
    prior to the Effective Date and who did not receive a prior
    option grant (under this Plan or otherwise and from the Company
    or any of its corporate predecessors) will receive an Initial
    Grant on the Effective Date.

 

    7.4  Succeeding
    Grant.  Immediately following each Annual
    General Meeting of shareholders of the Company, each Outside
    Director will automatically be granted an Option for
    12,500 Shares (a “Succeeding Grant”),
    provided, that the Outside Director is a member of the Board
    immediately following such Annual General Meeting.

 

    7.5  Vesting and
    Exercisability.  The date an Outside Director
    receives an Initial Grant or a Succeeding Grant is referred to
    in this Plan as the “Start Date” for such
    Option.

 

    (a) Initial Grant.  Each Initial Grant
    will vest and be exercisable as to 25% of the Shares on the
    first one year anniversary of the Start Date for such Initial
    Grant, and thereafter as to
    1/48
    of the Shares at the end of each full succeeding month, so long
    as the Outside Director continuously remains a director or a
    consultant of the Company.

    

    5

 

    (b) Succeeding Grant.  Each Succeeding
    Grant will vest and be exercisable as to 25% of the Shares on
    the first one year anniversary of the Start Date for such
    Succeeding Grant, and thereafter as to
    1/48
    of the Shares at the end of each full succeeding month, so long
    as the Outside Director continuously remains a director or a
    consultant of the Company. No Options granted to an Outside
    Director will be exercisable after the expiration of five
    (5) years from the date the Option is granted to such
    Outside Director. If the Outside Director is Terminated, the
    Outside Director may exercise such Outside Director’s
    Options only to the extent that such Options would have been
    exercisable upon the Termination Date for such period as set
    forth in Section 5.6. Notwithstanding any provision to the
    contrary, in the event of a Corporate Transaction described in
    Section 15.1, the vesting of all Options granted to Outside
    Directors pursuant to this Section 7 will accelerate and
    such Options will become exercisable in full prior to the
    consummation of such event at such times and on such conditions
    as the Committee determines, and must be exercised, if at all,
    within three (3) months of the consummation of said event.
    Any Options not exercised within such three-month period shall
    expire. Notwithstanding any provision to the contrary, in the
    event of a Hostile Take-Over, the Outside Director shall have a
    thirty-day
    period in which to surrender to the Company each option held by
    him or her under this Plan for a period of at least six
    (6) months. The Outside Director shall in return be
    entitled to a cash distribution from the Company in an amount
    equal to the excess of (i) the Take-Over Price of the
    Shares at the time subject to the surrendered Option (whether or
    not the Option is otherwise at the time exercisable for those
    Shares) over (ii) the aggregate Exercise Price payable for
    such Shares. Such cash distribution shall be paid within five
    (5) days following the surrender of the Option to the
    Company. Neither the approval of the Committee nor the consent
    of the Board shall be required in connection with such option
    surrender and cash distribution. The Shares subject to each
    Option surrendered in connection with the Hostile Take-Over
    shall NOT be available for subsequent issuance under the Plan.

 

    7.6  Exercise Price.  The
    Exercise Price of an Option pursuant to an Initial Grant and
    Succeeding Grant shall be the Fair Market Value of the Shares,
    at the time that the Option is granted.

 

    8.  WITHHOLDING TAXES.

 

    8.1  Withholding
    Generally.  Whenever Shares are to be issued
    in satisfaction of Awards granted under this Plan, the Company
    may require the Participant to remit to the Company an amount
    sufficient to satisfy federal, state and local withholding tax
    requirements prior to the delivery of any certificate or
    certificates for such Shares. Whenever, under this Plan,
    payments in satisfaction of Awards are to be made in cash, such
    payment will be net of an amount sufficient to satisfy federal,
    state, and local withholding tax requirements.

 

    8.2  Stock Withholding.  When,
    under applicable tax laws, a Participant incurs tax liability in
    connection with the exercise or vesting of any Award that is
    subject to tax withholding and the Participant is obligated to
    pay the Company the amount required to be withheld, the
    Committee may in its sole discretion, and subject to compliance
    with all applicable laws and regulations, allow the Participant
    to satisfy the minimum withholding tax obligation by electing to
    have the Company withhold from the Shares to be issued that
    number of Shares having a Fair Market Value equal to the minimum
    amount required to be withheld, determined on the date that the
    amount of tax to be withheld is to be determined. All elections
    by a Participant to have Shares withheld for this purpose will
    be made in accordance with the requirements established by the
    Committee and be in writing in a form acceptable to the
    Committee.

 

    9.  TRANSFERABILITY.

 

    9.1  Except as otherwise provided in this
    Section 9, Awards granted under this Plan, and any interest
    therein, will not be transferable or assignable by a
    Participant, and may not be made subject to execution,
    attachment or similar process, otherwise than by will or by the
    laws of descent and distribution or as determined by the
    Committee and set forth in the Award Agreement with respect to
    Awards. Notwithstanding the foregoing, (i) Participants may
    transfer or assign their Options to Family Members through a
    gift or a domestic relations order (and not in a transfer for
    value), and (ii) if the terms of the applicable instrument
    evidencing the grant of an Option so provide, Participants who
    reside outside of the United States and Singapore may assign
    their Options to a financial institution outside of the United
    States and Singapore that has been approved by the Committee, in
    accordance with the terms of the applicable instrument, subject
    to Code regulations providing that any transfer of an ISO may
    cause such ISO to become a NQSO. The

    

    6

 

    Participant shall be solely responsible for effecting any such
    assignment, and for ensuring that such assignment is valid,
    legal and binding under all applicable laws. The Committee shall
    have the discretion to adopt such rules as it deems necessary to
    ensure that any assignment is in compliance with all applicable
    laws.

 

    9.2  All Awards other than
    NQSO’s.  All Awards other than
    NQSO’s shall be exercisable: (i) during the
    Participant’s lifetime, only by (A) the Participant,
    or (B) the Participant’s guardian or legal
    representative; and (ii) after Participant’s death, by
    the legal representative of the Participant’s heirs or
    legatees.

 

9.3  NQSOs.  Unless otherwise restricted by the
    Committee, an NQSO shall be exercisable: (i) during the
    Participant’s lifetime only by (A) the Participant,
    (B) the Participant’s guardian or legal
    representative, (C) a Family Member of the Participant who
    has acquired the NQSO by “permitted transfer;” as
    defined below, (ii) by a transferee that is permitted
    pursuant to clause (ii) of Section 9.2, for such
    period as may be authorized by the terms of the applicable
    instrument evidencing the grant of the applicable Option, or by
    the Committee, and (iii) after Participant’s death, by
    the legal representative of the Participant’s heirs or
    legatees. “Permitted transfer” means any transfer of
    an interest in such NQSO by gift or domestic relations order
    effected by the Participant during the Participant’s
    lifetime. A permitted transfer shall not include any transfer
    for value; provided that the following shall be permitted
    transfers and shall not be considered to be transfers for value:
    (a) a transfer under a domestic relations order in
    settlement of marital property rights or (b) a transfer to
    an entity in which more than fifty percent of the voting
    interests are owned by Family Members or the Participant in
    exchange for an interest in that entity.

 

    10.  PRIVILEGES OF STOCK
    OWNERSHIP.  No Participant will have any of the
    rights of a shareholder with respect to any Shares until the
    Shares are issued to the Participant. After Shares are issued to
    the Participant, the Participant will be a shareholder and have
    all the rights of a shareholder with respect to such Shares,
    including the right to vote and receive all dividends or other
    distributions made or paid with respect to such Shares.

 

    11.  CERTIFICATES.  All certificates
    for Shares or other securities delivered under this Plan will be
    subject to such stock transfer orders, legends and other
    restrictions as the Committee may deem necessary or advisable,
    including restrictions under any applicable federal, state or
    foreign securities law, or any rules, regulations and other
    requirements of the SEC or any stock exchange or automated
    quotation system upon which the Shares may be listed or quoted.

 

    12.  EXCHANGE AND BUYOUT OF
    AWARDS.  The Committee may, at any time or from
    time to time and subject to compliance with all applicable laws
    and regulations, authorize the Company, with the consent of the
    respective Participants, to issue new Awards in exchange for the
    surrender and cancellation of any or all outstanding Awards. The
    Committee may at any time and subject to compliance with all
    applicable laws and regulations buy from a Participant an Award
    previously granted with payment in cash, Shares or other
    consideration, based on such terms and conditions as the
    Committee and the Participant may agree.

 

    13.  SECURITIES LAW AND OTHER REGULATORY
    COMPLIANCE.  An Award will not be effective unless
    such Award is in compliance with all applicable federal and
    state securities laws, rules and regulations of any governmental
    body, and the requirements of any stock exchange or automated
    quotation system upon which the Shares may then be listed or
    quoted, as they are in effect on the date of grant of the Award
    and also on the date of exercise or other issuance.
    Notwithstanding any other provision in this Plan, the Company
    will have no obligation to issue or deliver certificates for
    Shares under this Plan prior to: (a) obtaining any
    approvals from governmental agencies that the Company determines
    are necessary or advisable;
    and/or
    (b) completion of any registration or other qualification
    of such Shares under any state or federal law or ruling of any
    governmental body that the Company determines to be necessary or
    advisable. The Company will be under no obligation to register
    the Shares with the SEC or to effect compliance with the
    registration, qualification or listing requirements of any state
    securities laws, stock exchange or automated quotation system,
    and the Company will have no liability for any inability or
    failure to do so.

 

    14.  NO OBLIGATION TO
    EMPLOY.  Nothing in this Plan or any Award granted
    under this Plan will confer or be deemed to confer on any
    Participant any right to continue in the employ of, or to
    continue any other relationship with, the Company or any Parent
    or Subsidiary of the Company or limit in any way the

    

    7

 

    right of the Company or any Parent or Subsidiary of the Company
    to terminate Participant’s employment or other relationship
    at any time, with or without cause.

 

    15.  CORPORATE TRANSACTIONS.

 

    15.1  Assumption or Replacement of Awards by
    Successor.  Except for automatic grants to
    Outside Directors pursuant to Section 7 hereof, in the
    event of (a) a dissolution or liquidation of the Company,
    (b) a merger or consolidation in which the Company is not
    the surviving corporation (other than a merger or consolidation
    with a wholly-owned subsidiary, a reincorporation of the Company
    in a different jurisdiction, or other transaction in which there
    is no substantial change in the shareholders of the Company or
    their relative share holdings and the Awards granted under this
    Plan are assumed, converted or replaced by the successor
    corporation, which assumption will be binding on all
    Participants), (c) a merger in which the Company is the
    surviving corporation but after which the shareholders of the
    Company immediately prior to such merger (other than any
    shareholder that merges, or which owns or controls another
    corporation that merges, with the Company in such merger) cease
    to own their shares or other equity interest in the Company,
    (d) the sale of substantially all of the assets of the
    Company, or (e) the acquisition, sale, or transfer of more
    than 50% of the outstanding shares of the Company by tender
    offer or similar transaction (each, a “Corporate
    Transaction”), each Option which is at the time
    outstanding under this Plan shall automatically accelerate so
    that each such Option shall, immediately prior to the specified
    effective date for the Corporate Transaction, become fully
    exercisable with respect to the total number of Shares at the
    time subject to such Option and may be exercised for all or any
    portion of such Shares. However, subject to the specific terms
    of a Participant’s Award Agreement, an outstanding Option
    under this Plan shall not so accelerate if and to the extent:
    (i) such Option is, in connection with the Corporate
    Transaction, either to be assumed by the successor corporation
    or parent thereof or to be replaced with a comparable Option to
    purchase shares of the capital stock of the successor
    corporation or parent thereof, (ii) such Option is to be
    replaced with a cash incentive program of the successor
    corporation which preserves the Option spread existing at the
    time of the Corporate Transaction and provides for subsequent
    payout in accordance with the same vesting schedule applicable
    to such Option or (iii) the acceleration of such Option is
    subject to other limitations imposed by the Committee at the
    time of the Option grant. The determination of Option
    comparability under clause (i) above shall be made by the
    Committee, and its determination shall be final, binding and
    conclusive.

 

    15.2  Other Treatment of
    Awards.  Subject to any greater rights granted
    to Participants under the foregoing provisions of this
    Section 15 or other specific terms of a Participant’s
    Award Agreement, in the event of the occurrence of any Corporate
    Transaction described in Section 15.1, any outstanding
    Awards will be treated as provided in the applicable agreement
    or plan of merger, consolidation, dissolution, liquidation, or
    sale of assets.

 

    15.3  Assumption of Awards by the
    Company.  The Company, from time to time, also
    may substitute or assume outstanding awards granted by another
    company, whether in connection with an acquisition of such other
    company or otherwise, by either; (a) granting an Award
    under this Plan in substitution of such other company’s
    award; or (b) assuming such award as if it had been granted
    under this Plan if the terms of such assumed award could be
    applied to an Award granted under this Plan. Such substitution
    or assumption will be permissible if the holder of the
    substituted or assumed award would have been eligible to be
    granted an Award under this Plan if the other company had
    applied the rules of this Plan to such grant. In the event the
    Company assumes an award granted by another company, the terms
    and conditions of such award will remain unchanged (except that
    the Exercise Price and the number and nature of Shares issuable
    upon exercise of any such Option will be adjusted appropriately
    pursuant to Section 424(a) of the Code). In the event the
    Company elects to grant a new Option rather than assuming an
    existing Option, such new Option may be granted with a similarly
    adjusted Exercise Price.

 

    16.  ADOPTION AND SHAREHOLDER
    APPROVAL.  This Plan will become effective on the
    date on which the Board adopts the Plan (the “Effective
    Date”). This Plan shall be approved by the shareholders
    of the Company (excluding Shares issued pursuant to this Plan),
    consistent with applicable laws, within twelve (12) months
    before or after the date this Plan is adopted by the Board. Upon
    the Effective Date, the Committee may grant Awards pursuant to
    this Plan; provided, however, that: (a) no Option may be
    exercised

    

   8

 

    prior to initial shareholder approval of this Plan; (b) no
    Option granted pursuant to an increase in the number of Shares
    subject to this Plan approved by the Board will be exercised
    prior to the time such increase has been approved by the
    shareholders of the Company; (c) in the event that initial
    shareholder approval is not obtained within the time period
    provided herein, all Awards granted hereunder shall be
    cancelled; and (d) in the event that shareholder approval
    of such increase is not obtained within the time period provided
    herein, all Awards granted pursuant to such increase will be
    cancelled.

 

    17.  TERM OF PLAN/GOVERNING
    LAW.  Unless earlier terminated as provided
    herein, this Plan will terminate ten (10) years from the
    date this Plan is adopted by the Board or, if earlier, the date
    of shareholder approval. This Plan and all agreements thereunder
    shall be governed by and construed in accordance with the laws
    of the State of California.

 

    18.  AMENDMENT OR TERMINATION OF
    PLAN.  The Board has complete and exclusive power
    and authority to amend or modify the Plan (or any component
    thereof) in any or all respects whatsoever. However, (i) no
    such amendment or modification shall adversely affect rights and
    obligations with respect to Options at the time outstanding
    under the Plan, unless the Participant consents to such
    amendment, and (ii) the automatic grants to Outside
    Directors pursuant to Section 7 may not be amended at
    intervals more frequently than once every six (6) months,
    other than to the extent necessary to comply with applicable
    U.S. income tax laws and regulations. In addition, the
    Board may not, without the approval of the Company’s
    shareholders, amend the Plan to (i) materially increase the
    maximum number of Shares issuable under the Plan or the number
    of Shares for which Options may be granted per newly-elected or
    continuing Outside Director or the maximum number of Shares for
    which any one individual participating in the Plan may be
    granted Options, (ii) materially modify the eligibility
    requirements for plan participation or (iii) materially
    increase the benefits accruing to Participants. The Board may at
    any time terminate or amend this Plan in any respect, including
    without limitation amendment of any form of Award Agreement or
    instrument to be executed pursuant to this Plan; provided,
    however, that the Board will not, without the approval of the
    shareholders of the Company, amend this Plan in any manner that
    requires such shareholder approval.

 

    19.  NONEXCLUSIVITY OF THE
    PLAN.  Neither the adoption of this Plan by the
    Board, the submission of this Plan to the shareholders of the
    Company for approval, nor any provision of this Plan will be
    construed as creating any limitations on the power of the Board
    to adopt such additional compensation arrangements as it may
    deem desirable, including, without limitation, the granting of
    stock options and bonuses otherwise than under this Plan, and
    such arrangements may be either generally applicable or
    applicable only in specific cases.

 

    20.  STOCK BONUSES.

 

    20.1  Stock Bonuses
    Generally.  A Stock Bonus is a grant of Shares
    by the Company to an individual who has satisfied the terms and
    conditions set by the Committee on the making of such grant. The
    Committee will determine to whom a grant may be made, the number
    of Shares that may be granted, the restrictions to the making of
    such grant, and all other terms and conditions of the Stock
    Bonus, subject to the restrictions set forth in
    Section 20.2 hereof. The conditions to grant may be based
    upon completion of a specified number of years of service with
    the Company or upon completion of the performance goals as set
    out by the Committee. Grants of Stock Bonuses may vary from
    Participant to Participant and between groups of Participants.
    Prior to the grant of a Stock Bonus, the Committee shall:
    (a) determine the nature, length and starting date of any
    Performance Period that may be a condition precedent to grant of
    a Stock Bonus; (b) select from among the Performance
    Factors to be used to measure performance goals, if any; and
    (c) determine the number of Shares that may be awarded to
    the Participant. Prior to the grant of any Stock Bonus, the
    Committee shall determine the extent to which such Stock Bonus
    has been earned. Performance Periods may overlap and
    Participants may participate simultaneously with respect to
    Stock Bonuses that are subject to different Performance Periods
    and having different performance goals and other criteria.

 

    20.2  Restrictions on Stock Bonus Awards.

 

    (a) Any Stock Bonuses with vesting based on Performance
    Factors shall have a minimum Performance Period of one year, and
    any Stock Bonuses with vesting based solely on the passage of
    time and continued

    

   9

 

    service to the Company shall have a minimum Performance Period
    of three years (collectively, the “Stock Bonus
    Restriction Periods”).

 

    (b) The Stock Bonus Restriction Periods may not be waived
    except in the case of death, Disability, Termination or a
    Corporate Transaction.

 

    (c) Stock Bonuses granted not in accordance with the Stock
    Bonus Restriction Periods may not exceed five percent (5%) of
    the total Shares reserved and available for grant and issuance
    pursuant to this Plan, including (i) shares that are
    subject to issuance upon exercise of an Award but cease to be
    subject to such Award for any reason other than exercise of such
    Award; (ii) any authorized shares not issued or subject to
    outstanding grants under the Prior Plans; and (iii) any
    shares subject to outstanding grants that are forfeited
    and/or that
    are issuable upon exercise of options granted pursuant to the
    Prior Plans that expire or become unexercisable for any reason
    without having been exercised in full.

 

    21.  DEFINITIONS.  As used in this
    Plan, the following terms will have the following meanings:

 

    “Award” means any Options or shares from Stock
    Bonuses granted under this Plan.

 

    “Award Agreement” means, with respect to each
    Award, the signed written agreement between the Company and the
    Participant setting forth the terms and conditions of the Award.

 

    “Board” means the Board of Directors of the
    Company.

 

    “Cause” means (a) the commission of an act
    of theft, embezzlement, fraud, dishonesty, (b) a breach of
    fiduciary duty to the Company or a Parent or Subsidiary of the
    Company or (c) a failure to materially perform the
    customary duties of the employee’s employment.

 

    “Code” means the Internal Revenue Code of 1986,
    as amended.

 

    “Committee” means the Compensation Committee of
    the Board.

 

    “Company” means Flextronics International Ltd.
    or any successor corporation.

 

    “Disability” means total and permanent
    disability as defined in Section 22(e)(3) of the Code.

 

    “Exchange Act” means the Securities Exchange
    Act of 1934, as amended.

 

    “Exercise Price” means the price at which a
    holder of an Option may purchase the Shares issuable upon
    exercise of the Option.

 

    “Fair Market Value” means, as of any date, the
    value of the Shares determined as follows:

 

    (a) if such Shares are then quoted on the Nasdaq National
    Market, the closing price of such Shares on the Nasdaq National
    Market on the date of determination as reported in The Wall
    Street Journal;

 

    (b) if such Shares are publicly traded and are then listed
    on a national securities exchange, the closing price of such
    Shares on the date of determination on the principal national
    securities exchange on which the Shares are listed or admitted
    to trading as reported in The Wall Street Journal;

 

    (c) if such Shares are publicly traded but are not quoted
    on the Nasdaq National Market nor listed or admitted to trading
    on a national securities exchange, the average of the closing
    bid and asked prices on the date of determination as reported in
    The Wall Street Journal; or

 

    (d) if none of the foregoing is applicable, by the
    Committee in good faith.

 

    “Family Member” includes any of the following:

 

    (a) child, stepchild, grandchild, parent, stepparent,
    grandparent, spouse, former spouse, sibling, niece, nephew,
    mother-in-law,
    father-in-law,
    son-in-law,
    daughter-in-law,
    brother-in-law,
    or
    sister-in-law
    of the Participant, including any such person with such
    relationship to the Participant by adoption;

    

    10

 

    (b) any person (other than a tenant or employee) sharing
    the Participant’s household;

 

    (c) a trust in which the persons in (a) and
    (b) have more than fifty percent of the beneficial interest;

 

    (d) a foundation in which the persons in (a) and
    (b) or the Participant control the management of
    assets; or

 

    (e) any other entity in which the persons in (a) and
    (b) or the Participant own more than fifty percent of the
    voting interest.

 

    “Hostile Take-Over” means a change in ownership
    of the Company effected through the following transaction:

 

    (a) the direct or indirect acquisition by any person or
    related group of persons (other than the Company or a person
    that directly or indirectly controls, is controlled by, or is
    under common control with, the Company) of beneficial ownership
    (within the meaning of
    Rule 13d-3
    of the Exchange Act) of securities possessing more than fifty
    percent (50%) of the total combined voting power of the
    Company’s outstanding securities pursuant to a tender or
    exchange offer made directly to the Company’s shareholders
    which the Board does not recommend such shareholders to
    accept, and

 

    (b) the acceptance of more than fifty percent (50%) of the
    securities so acquired in such tender or exchange offer from
    holders other than Insiders.

 

    “Insider” means an officer or director of the
    Company or any other person whose transactions in the
    Company’s Shares are subject to Section 16 of the
    Exchange Act.

 

    “Option” means an award of an option to
    purchase Shares pursuant to Sections 5 and 7.

 

    “Outside Director” means a member of the Board
    who is not an employee of the Company or any Parent or
    Subsidiary.

 

    “Parent” means any corporation (other than the
    Company) in an unbroken chain of corporations ending with the
    Company if each of such corporations other than the Company owns
    stock possessing more than 50% of the total combined voting
    power of all classes of stock in one of the other corporations
    in such chain.

 

    “Participant” means a person who receives an
    Award under this Plan.

 

    “Performance Factors” means the factors
    selected by the Committee from among the following measures to
    determine whether the performance goals established by the
    Committee and applicable to Awards have been satisfied:

 

    (a) Net revenue
    and/or net
    revenue growth;

 

    (b) Earnings before income taxes and amortization
    and/or
    earnings before income taxes and amortization growth;

 

    (c) Operating income
    and/or
    operating income growth;

 

    (d) Net income
    and/or net
    income growth;

 

    (e) Earnings per share
    and/or
    earnings per share growth;

 

    (f) Total stockholder return
    and/or total
    stockholder return growth;

 

    (g) Return on equity;

 

    (h) Operating cash flow return on income;

 

    (i) Adjusted operating cash flow return on income;

 

    (j) Economic value added; and

    

    11

 

    (k) Individual confidential business objectives.

 

    “Performance Period” means the period of
    service determined by the Committee, not to exceed five years,
    during which years of service or performance is to be measured
    for Awards.

 

    “Plan” means this Flextronics International
    Ltd. 2001 Equity Incentive Plan, as amended from time to time.

 

    “SEC” means the Securities and Exchange
    Commission.

 

    “Securities Act” means the Securities Act of
    1933, as amended.

 

    “Shares” means ordinary shares of no par value
    each in the capital of the Company reserved for issuance under
    this Plan, as adjusted pursuant to Sections 2 and 15, and
    any successor security.

 

    “Stock Bonus” means an award of Shares pursuant
    to Section 20.

 

    “Subsidiary” means any corporation (other than
    the Company) in an unbroken chain of corporations beginning with
    the Company if each of the corporations other than the last
    corporation in the unbroken chain owns stock possessing more
    than 50% of the total combined voting power of all classes of
    stock in one of the other corporations in such chain.

 

    “Take-Over Price” means the greater of
    (a) the Fair Market Value per Share on the date the
    particular Option to purchase Shares is surrendered to the
    Company in connection with a Hostile Take-Over or (b) the
    highest reported price per Share paid by the tender offeror in
    effecting such Hostile Take-Over. However, if the surrendered
    Option is an ISO, the Take-Over Price shall not exceed the
    clause (a) price per Share.

 

    “Termination” or “Terminated”
    means, for purposes of this Plan with respect to a Participant,
    that the Participant has for any reason ceased to provide
    services as an employee, officer or director to the Company or a
    Parent or Subsidiary of the Company. An employee will not be
    deemed to have ceased to provide services in the case of
    (i) sick leave, (ii) military leave, or (iii) any
    other leave of absence approved by the Committee, provided, that
    such leave is for a period of not more than 90 days, unless
    reemployment upon the expiration of such leave is guaranteed by
    contract or statute or unless provided otherwise pursuant to
    formal policy adopted from time to time by the Company and
    issued and promulgated to employees in writing. In the case of
    any employee on an approved leave of absence, the Committee may
    make such provisions respecting suspension of vesting of the
    Award while on leave from the employ of the Company or a
    Subsidiary as it may deem appropriate, except that in no event
    may an Option be exercised after the expiration of the term set
    forth in the Stock Option Agreement. The Committee will have
    sole discretion to determine whether a Participant has ceased to
    provide services and the effective date on which the Participant
    ceased to provide services (the “Termination
    Date”).

    

    12exv10w1

 

Exhibit 10.1

EXHIBIT C TO ASSET PURCHASE AGREEMENT

TELETECH’s® IDENTIFY! TM AND IDENTIFY! PLUSTM

SOFTWARE AND INTELLECTUAL PROPERTY LICENSE AGREEMENT

LICENSE AGREEMENT

This Software and Intellectual Property License Agreement (“Agreement”) is effective as of
September 28, 2007 (“Effective Date”) by and between licensor TeleTech Holdings, Inc.
(“TeleTech”), a Delaware corporation with its principle place of business at 9197 S. Peoria
Street, Englewood, CO 80129, licensee Aspen Marketing Services, Inc. (“Aspen”), a Delaware
corporation its principal place of business at 1240 North Avenue, West Chicago, IL 60185,
and Aspen Acquisition Holdings LLC, a Delaware limited liability company (“Aspen’s Parent”)
(individually “Party”, collectively the “Parties”).

RECITALS

WHEREAS TeleTech is the owner of certain computer software, known as and referred to herein
as Identify! software and Identify! Plus software and associated intellectual property, for
use in the provision of telephone answering services; and

WHEREAS Aspen desires to obtain a license to use and revise the computer software licensed
from TeleTech in connection with providing telephone answering services to Aspen’s
customers, and TeleTech has agreed to license the computer software to Aspen upon the terms
and conditions of this Agreement;

NOW THEREFORE in consideration of the mutual covenants set forth herein, the receipt and
sufficiency of which are hereby acknowledged, and contingent upon the mutual endorsement and
execution of a corresponding Asset Purchase Agreement as defined herein, the Parties agree
as follows:

1 Definitions. The following terms shall have the meanings stated:

1.1 Affiliate. Any entity (but not a competitor) of TeleTech which now or in the future
controls, is controlled by, or is under common control with Aspen, with “control” defined as a
more than fifty percent (50%) ownership interest. This Agreement shall apply to the use of the
Software by Aspen and its Affiliates. For the Software used by an Affiliate, “Aspen” and “Party”
as used herein shall mean the applicable Affiliate.

1.2 Aspen’s Customers. Aspen’s customers, end users and/or subscribers of Aspen’s
Services.

1.3 Asset Purchase Agreement. The corresponding Asset Purchase Agreement between NewGen
Results Corporation (“NewGen”) and Aspen for the sale and transfer of certain assets of NewGen to
Aspen.

1.4 Automotive Field of Use. The design, creation, manufacturing, marketing,
distribution, sale and servicing of automobiles, including passenger cars, trucks and SUVs.

1.5 Calendar Quarter. Each of the following four calendar quarters: January 1 to March
31; April 1 to June 30; July 1 to September 30; and October 1 to December 31.

1.6 Confidential Information. Any data, material or information provided by TeleTech to
Aspen in printed, written, graphic, photographic or other tangible form, as well as stored,
transmitted and received electronically, or information of TeleTech that is presented,
communicated or disclosed orally, including but not limited to information marked as
“Confidential”, “Secret”, “Proprietary”, “Restricted”, “Private” or words of similar import,
information generally known in the business to be confidential, and any other information
disclosed to Aspen by TeleTech concerning the businesses and affairs of TeleTech and its
subsidiaries that is not already generally available to the public, including, without limitation,
trade secrets and know-how. Confidential Information shall include the Software, Source Code,
TeleTech IP, trade secrets and any Derivative Work (other than Derivative Works created by Aspen
pursuant to this Agreement) and shall also include any information which can be obtained from
examining, testing, utilizing or analyzing the Software or Derivative Work (other than Derivative
Works created by Aspen pursuant to this Agreement), or any software, hardware or component thereof
as well as any accompanying materials, manuals, records or documents of similar nature.
Confidential Information shall not include information that is: (i) lawfully known to Aspen prior
to its disclosure by TeleTech, and such knowledge is not a direct or indirect result of a breach
of any obligation by any third party; (ii) now or later becomes in the public domain other than as
a result of a breach by Aspen or its obligations

					
	 	 	 	 	 
	Software and Intellectual Property License Agreement
	 	Page 1 of 21
	 	9/27/2007

 

 

hereunder; (iii) received subsequently by Aspen from a third party who has the lawful right to
disclose same; (iv) independently developed by Aspen without reference to the Confidential
Information received hereunder, as evidenced by Aspen’s records, or (v) Derivative Works created
by Aspen pursuant to this Agreement.

1.7 Mutual Confidential Information. Any Derivative Works created by Aspen pursuant to
this Agreement.

1.8 Copyrights. All “original works of authorship” as defined by copyright law, including
registered and/or unregistered copyrights associated with the Software.

1.9 Derivative Work. A work based on, or incorporating, the Software, including but not
limited to translations, abridgments, condensations, improvements, updates, fixes, modifications
and enhancements, or any other form in which the Software may be recast, transformed, adapted, or
revised, and includes any other work specifically so-designated by both Parties in writing in the
future.

1.10 Designated Engineers. Employees of Aspen who have access to the Source Code and/or
who are engaged in creating Derivative Works, selected by Aspen at any time during the term of
this Agreement and identified in writing to TeleTech.

1.11 Documentation. TeleTech’s existing documentation of the Software.

1.12 Gross Revenue. All receipts, revenues, credits and any other amounts received by
Aspen from, or generated by, (i) any and all contracts involving use of the Software or any
Derivative Work, or (ii) any other use of the Software or any Derivative Work, before deductions
of any expenses.

1.13 Identify!. Computer software, written in computer languages including XML, PLSQL,
TSQL and CSharp, owned by TeleTech for the provision of telephone answering services, including,
tracking, managing, recording and forwarding customer calls to a call center, including accessing
and forwarding customer data.

1.14 Identify! Plus. Computer software, written in computer languages including XML,
PLSQL, TSQL and CSharp, including version 2.0, owned by TeleTech for the provision of telephone
answering services, including, tracking, managing, recording and forwarding customer calls to a
call center, including accessing and forwarding customer data.

1.15 Intellectual Property. All of the following in any jurisdiction throughout the
world: (a) all inventions (whether patentable or unpatentable and whether or not reduced to
practice), all improvements thereto, and all patents, patent applications, and patent disclosures,
together with all reissuances, continuations, continuations-in-part, divisionals, extensions,
reexaminations, utility models, certificates of invention, industrial designs, and design patents,
as well as the rights to file for, and to claim priority to, any such patent rights, (b) all
Trademarks, service marks, trade dress, logos, slogans, trade names, corporate names, Internet
domain names, and rights in telephone numbers, together with all translations, adaptations,
derivations, and combinations thereof and including all goodwill associated therewith, and all
applications, registrations, and renewals in connection therewith, (c) all copyrightable works,
Copyrights, and all applications, registrations, and renewals in connection therewith, (d) all
mask works and all applications, registrations, and renewals in connection therewith, (e) all
trade secrets and confidential information (including ideas, research and development, know-how,
formulas, compositions, manufacturing and production processes and techniques, technical data,
designs, drawings, specifications, customer and supplier lists, pricing and cost information, and
business and marketing plans and proposals), (f) all computer software (including source code,
executable code, data, databases, and related documentation), (g) all advertising and promotional
materials, (h) all other proprietary rights, (i) all copies and tangible embodiments thereof (in
whatever form or medium); and (j) all income, royalties, damages and payments related to any of
the foregoing (including damages and payments for past, present or future infringements,
misappropriations or other conflicts with any intellectual property), and the right to sue and
recover for past, present or future infringements, misappropriations or other conflict with any
intellectual property.

1.16 License Fees. All fees owed to TeleTech pursuant to this Agreement including the
First Year Royalty Fee, Second Year Royalty Fee, Running Royalty Fees — Automotive, Running
Royalty Fees — Non-Automotive, as each of those are defined in Sections 3.1, 3.2, 3.3, and 3.5
respectively of this Agreement.

1.17 Non-Automotive Field of Use. Any and all business, industry and/or commerce in a
field other than the Automotive Field of Use.

1.18 Services. Telephone answering services, including, without limitation, tracking,
managing, recording and forwarding customer calls to a call center, including accessing and
forwarding customer data and routing customer calls to a professional customer care agent.

1.19 Site(s). The physical location or locations in the Territory used, controlled or
owned by Aspen where the Software is permissibly deployed under the Agreement.

					
	 	 	 	 	 
	Software and Intellectual Property License Agreement
	 	Page 2 of 21
	 	9/28/2007

 

 

1.20 Software. TeleTech’s most recent version of Identify! and Identify! Plus software,
as of the Effective Date, in Source Code and executable form.

1.21 Source Code. The source code of the Software written in programming language,
including comments and procedural code, such as job control language statements, in a form
intelligible to trained programmers and capable of being translated into object code for operation
on computer equipment through assembly or compiling, and accompanied by documentation in
sufficient detail to enable a trained programmer through study of such documentation to maintain
and/or modify the Software without undue experimentation.

1.22 Territory. The United States of America, Canada and Mexico, including their
respective territories and possessions.

1.23 [Intentionally omitted].

1.24 Trademarks. Identify! and Identify! Plus, including all trademark rights, trademark
applications and trademark registrations associated therewith. This includes trademark
application serial numbers 77/263,087 and 77/263,226.

1.25 USD. United States Dollars.

     2 Software License.

2.1 Automotive Field of Use. TeleTech grants to Aspen, and Aspen accepts, subject to all
of the terms and conditions of this Agreement: (i) an exclusive, perpetual, non-assignable,
revocable, nontransferable, limited license to use the Software in executable form within the
Territory solely in connection with providing the Services to Aspen’s Customers doing business in
the Automotive Field of Use; and (ii) in connection therewith, a non-exclusive, revocable,
non-assignable, nontransferable, limited license to use, solely through Designated Engineers, the
Source Code to modify and create, use and reproduce Derivative Works of the Software, by Aspen’s
Designated Engineers for Aspen’s Customers in connection with providing the Services in the
Automotive Field of Use. All Designated Engineers must execute a Non-Disclosure Agreement in the
form attached hereto as Exhibit A, with copies of the executed Non-Disclosure Agreements provided
to TeleTech, and be identified in writing to TeleTech before accessing the Source Code. If a
Designated Engineer’s employment with Aspen terminates then that individual’s status as a
Designated Engineer terminates and Aspen shall take commercially reasonable steps to ensure that
Confidential Information in the possession of such terminated Designated Engineer is returned.

2.2 Non-Automotive Field of Use. TeleTech grants to Aspen, and Aspen accepts, subject to
all of the terms and conditions of this Agreement: (i) a non-exclusive, perpetual, non-assignable,
revocable, nontransferable, limited license to use the Software in executable form within the
Territory solely in connection with providing the Services to Aspen’s Customers doing business in
the Non-Automotive Field of Use; and (ii) in connection therewith, a non-exclusive, revocable,
non-assignable, nontransferable, limited license to use, solely through Designated Engineers, the
Source Code to modify and create, use and reproduce Derivative Works of the Software, by Aspen’s
Designated Engineers for Aspen’s Customers in connection with providing the Services in the
Non-Automotive Field of Use. All Designated Engineers must execute a Non-Disclosure Agreement in
the form attached hereto as Exhibit A, with copies of the executed Non-Disclosure Agreements
provided to TeleTech, and be identified in writing to TeleTech before accessing the Source Code.
If a Designated Engineer’s employment with Aspen terminates then that individual’s status as a
Designated Engineer terminates and Aspen shall take reasonable steps to ensure that Confidential
Information in the possession of such terminated Designated Engineer is returned.

2.3 No Sublicense; Copies; No Other Rights Granted. Aspen shall have no right to
sublicense the Software or Derivative Works, or to grant sublicenses under this Agreement, without
the prior written consent of TeleTech. Aspen may make a reasonable number of copies of the
Software as needed for back-up, archival and testing purposes and of the Documentation as needed
for Aspen’s business purposes as granted herein. The equipment and location where the archival
copies are stored shall be listed on Exhibit B attached to this Agreement and shall be deemed
Authorized Equipment and Site consistent with Section 4.2 below. Aspen shall have no other right
to copy, in whole or in part, the Software. Any copy of the Software made by Aspen is the
exclusive property of TeleTech. Aspen’s rights in the Software shall at no time exceed the scope
of the license granted under Sections 2.1 and 2.2 of this Agreement. TeleTech reserves all rights
not expressly granted to Aspen hereunder.

     3 License Fees and Terms.

3.1 First Year Royalty Fee, Automotive Field of Use. On the Effective Date, Aspen shall
pay TeleTech a royalty fee equal to $225,000 USD (“First Year Royalty Fee”), for the license
provided in Section 2.1 in the Automotive Field of Use for the period of time beginning on the
Effective Date and ending twelve (12) months thereafter.

3.2 Second Year Royalty Fee, Automotive Field of Use. On the first year anniversary of
the Effective Date, Aspen shall pay TeleTech a royalty fee equal to $2,000,000 USD (“Second Year
Royalty Fee”), for the license provided in Section 2.1 in the

					
	 	 	 	 	 
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Automotive Field of Use for the
period of time beginning twelve (12) months after the Effective Date and ending twenty-four (24)
months after the Effective Date.

3.3 Running Royalty Fees — Automotive Field of Use; Minimums. Unless Aspen shall give
written notice of termination to TeleTech not less than 60 days prior to the beginning of any
applicable one-year term, beginning on the second year anniversary of the Effective Date and
continuing throughout the term of this Agreement, Aspen shall pay TeleTech an ongoing annual
royalty fee equal to five percent (5%) of all Gross Revenue received by Aspen (“Running Royalty
Fees-Automotive Field of Use”),
subject to Section 3.4. Aspen shall pay TeleTech the Running Royalty Fees-Automotive Field of Use
within thirty (30) days after the expiration of each Calendar Quarter, accompanied by the
certified reports as required by Section 3.9. If the Running Royalty Fees-Automotive Field of Use
paid by Aspen in a calendar year is less than $150,000 USD, then Aspen shall pay TeleTech, by
February 1 of the next calendar year, an amount equal to the difference between $150,000 USD and
the Running Royalty Fees-Automotive Field of Use paid to date for the calendar year.

3.4 Offsets to License Fees. Running Royalty Fees-Automotive Field of Use Field of Use
may be offset in the following manner: if TeleTech’s gross revenue from Aspen for call center
services provided by TeleTech to Aspen pursuant to the Master Services Agreement and Statement of
Work between the Parties (“TeleTech Call Center Services”) exceeds $5,000,000 USD annually, each
$1,000,000 USD of gross revenue annually in excess of $5,000,000 USD will reduce the Running
Royalty Fees-Automotive Field of Use Field of Use by $100,000 USD, up to a maximum reduction of
$150,000 USD per year. For illustration purposes only, if TeleTech Call Center Services are
$6,000,000 USD in a calendar year, then the Running Royalty Fees-Automotive Field of Use Field of
Use owed by Aspen will be reduced by $100,000 USD for the calendar year.

3.5 Running Royalty Fees—Non-Automotive Industry. Commencing on the Effective Date and
continuing unless Aspen shall give written notice of termination to TeleTech not less than 60 days
prior to the beginning of any applicable one-year term, Aspen shall pay TeleTech, within thirty
(30) days after the end of each Calendar Quarter, an ongoing annual royalty fee equal to five
percent (5%) of all Gross Revenue received by Aspen for such Calendar Quarter (and without
duplication of any other License Fees payable hereunder) derived from utilizing the Software or
any Derivative Work in the Non-Automotive Field of Use (“Running Royalty Fees—Non-Automotive”)
accompanied by the certified reports as required by Section 3.9.

3.6 Transmission of Payments. All License Fees and any other payments payable by Aspen
pursuant to this Agreement shall be paid in cash in immediately available USD funds by check or
wire transfer to TeleTech.

3.7 Late Payments. TeleTech’s obligations and Aspen’s rights are contingent on full and
timely payment of all amounts required to be paid hereunder. Failure to make timely payment
within 30 days of the due date thereof will be deemed a material breach of this Agreement and
entitle TeleTech to terminate this Agreement pursuant to Section 9.2. TeleTech reserves the right
to invoice Aspen for interest on any overdue sum at the rate of one and a half percent (1.5%) per
month (or the highest rate allowed by applicable law), calculated from the due date of payment to
the date of collection. Payment subsequently received from Aspen will be first applied to such
late charges, then to amounts past due and then to new billings.

3.8 Taxes, Etc. All amounts are net of, and Aspen shall pay all additional sums for, any
sales and use taxes, duties, and other similar assessments related to the Software under this
Agreement (exclusive of taxes based on TeleTech’s net income). Teletech shall provide Aspen
reasonable detail of such taxes and shall request compensation by Aspen of such taxes within 180
days of the date such taxes were paid or required to be paid by Teletech, whichever is later. If
Teletech fails to notify Aspen of any such taxes within the 180-day period referred to above,
Aspen shall not be required to pay or reimburse Teletech for any such taxes. Aspen shall indemnify
and hold harmless TeleTech from all claims and liability arising from Aspen’s failure to comply
with the requirements of this Section 3.8. 

3.9 Reporting Obligations.

               a. Aspen shall maintain, during the term of this Agreement and for a period of two (2) years
following termination of this Agreement, records showing the Gross Revenue under the license herein
granted in sufficient detail to enable the License Fees payable hereunder by Aspen to be audited
pursuant to Section 3.10.

              b. Aspen will provide to TeleTech, within thirty (30) days after the end of each Calendar
Quarter, a written report reporting all Gross Revenue by Aspen during the preceding three-month
period and the License Fees due thereon. The report shall contain all information necessary for
the determination of License Fees payable hereunder. The report shall be signed and certified by
the Chief Financial Officer of Aspen. If, for any three-month period, no License Fee payments
shall be due, Aspen shall submit a written report to TeleTech to that effect. All reports shall be
delivered to TeleTech at the address specified in this Agreement and substantially in the format of
the report attached as Exhibit D.

					
	 	 	 	 	 
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              c. The reports provided by Aspen pursuant to this Section 3.9 and any information provided by
Aspen in any audit performed pursuant to Section 3.10 and all records used or generated in any such
audit shall be confidential, and TeleTech shall take reasonable measures to maintain the
confidentiality of such reports and information.

3.10 Audit Rights.

              a. During the term of this Agreement and for a period of two (2) years following termination
of this Agreement, Aspen agrees to permit its books and records to be examined, and/or its use of
the Software and Derivative Works to be examined, upon written request from TeleTech and at a
reasonable time during Aspen’s normal business hours and at a location where Aspen normally keeps
its records, Software and Derivative Works, to the extent necessary to verify the reports provided
for in Section 3.9(b) and Aspen’s compliance with the terms and conditions of the Agreement
regarding use of the Software and Derivative Works, such examination to be made at the expense of
TeleTech by TeleTech or its agents or any certified public accountant appointed by TeleTech (with
respect to any audit in connection with Section 3.9).

              b. If the results of the audit reveal that Aspen has underpaid amounts due under this
Agreement, Aspen shall pay, within thirty (30) days of written notice of the audit results,
TeleTech the amount of such deficiency, together with interest as provided for under this Agreement
plus an additional 2.00% per annum. If an audit shows that Aspen has paid more than required under
this Agreement, any excess amounts shall, at the option of Aspen, be refunded by TeleTech or
credited against future royalties. TeleTech shall assume the costs of such audits, provided that
Aspen shall be liable to TeleTech for the cost of such audits in the event that such audit results
in a determination that Aspen has paid less than ninety percent (90%) of the monies owed TeleTech
under this Agreement for the period of the audit.

3.11 Non-Compete. Upon receipt of the Source Code, Aspen may have the opportunity to
discover TeleTech’s trade secret information in that Source Code and as such, except as otherwise
stated in this Agreement, Aspen, on its own or indirectly through others, shall not create or
attempt to create any software outside of this Agreement to function as, take the place of or
replace the Software during the term of this Agreement; provided however that the parties agree
that Aspen’s use, improvements, updates, enhancements or modifications to the Appointnet software
which do not contain the Software, shall not be considered to be a breach of this Agreement or
competition with Teletech; and provided further than the parties agree that Aspen’s modifications,
creation, use or reproduction of Derivative Works of the Software in accordance with and as
contemplated by this Agreement shall not be considered to be a breach of this Agreement or
competition with Teletech.

     4 Delivery, Installation and Support.

4.1 Delivery. TeleTech shall deliver the Software at Closing. With respect to the Source
Code, within 5 business days of the execution of this Agreement, TeleTech shall deliver the Source
Code on CD-ROM or DVD-ROM to Rick Goddard at Aspen .

4.2 Installation, Authorized Equipment and Site. Aspen shall be solely responsible for
installing the Software. Aspen shall install and use the Software and Source Code only on the
computer equipment (“Authorized Equipment”) at the Site(s) listed on Exhibit B attached to this
Agreement. Exhibit B shall be amended by Aspen each time there is a change to the Authorized
Equipment and/or Site(s). Upon the sale or transfer of any Site, the license grants to the
Software and Source Code with respect to such Site will immediately terminate, unless TeleTech and
the purchaser of such Site (“Purchaser”) agree in writing to the transfer of the Software and
Source Code and enter into a Software License Agreement with respect to the Software and Source
Code. If the Software and Source Code are not transferred to the Purchaser as provided for
herein, Aspen may elect to transfer the licenses at no additional cost for use at a different
Aspen location and all such use of the Software and Source Code at the new Site shall be governed
by the terms of this Agreement, provided that Exhibit B has been amended accordingly.

4.3 Support. TeleTech shall have no responsibility for supporting, maintaining,
correcting and/or updating the Software in any manner under this Agreement.

     5 Limited Warranty and Disclaimers.

5.1 Limited Warranty. TeleTech warrants to Aspen that (i) the Software is the most recent
version as of the Effective Date, (ii) TeleTech exclusively owns and possess all right, title and
interest to the Software, free and clear of any lien, license or other restriction or limitation,
including regarding use or disclosure, (iii) to Seller’s Knowledge the Software does not infringe
any third-party’s Intellectual Property, and (iv) TeleTech has the right to grant the licenses to
Aspen hereunder.

5.2 Disclaimer. OTHER THAN THE LIMITED WARRANTY SET FORTH IN SECTION 5.1 AND MADE FOR THE
BENEFIT OF ASPEN ONLY, THE SOFTWARE IS PROVIDED “AS IS”, AND TELETECH MAKES NO, AND HEREBY
DISCLAIMS ALL, OTHER WARRANTIES OR REPRESENTATIONS OR CONDITIONS, WHETHER WRITTEN OR ORAL,
EXPRESS, IMPLIED, OR STATUTORY, WITH RESPECT TO THE SUBJECT MATTER HEREOF, INCLUDING ANY IMPLIED
WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A

					
	 	 	 	 	 
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PARTICULAR PURPOSE. TELETECH DOES NOT WARRANT THAT ANY OR ALL ERRORS CAN BE CORRECTED, OR THAT
OPERATION OF THE SOFTWARE SHALL BE UNINTERRUPTED OR ERROR-FREE. STATEMENTS MADE BY TELETECH’S
SALES REPRESENTATIVES OR IN PROMOTIONAL MATERIALS DO NOT CONSTITUTE WARRANTIES.

6 Limitation of Liability.

6.1 Limitation of Liability. Except for the Confidentiality and Indemnification
obligations under this Agreement and for claims based upon infringement or misappropriation of
TeleTech’s Intellectual Property, either Party’s maximum liability under this Agreement shall be
limited to direct actual damages not to exceed the actual License Fees paid to TeleTech under this
Agreement during the immediately preceding twelve (12) month period from the date the claim in
question first arose. except for the confidentiality and indemnification obligations under
this agreement, In no event shall TeleTech or Aspen, any parent, subsidiary, or
affiliate, or any of their officers, directors, employees or representatives, be liable to any
third party for damages of any kind or nature or in any manner whatsoever, or for any
consequential, indirect, exemplary, incidental, Punitive or special damages or costs (including
attorneys’ fees) regarding this Agreement or resulting from or in connection with the use, misuse,
or inability to use the Software, even if TeleTech or Aspen has been advised of the possibility
thereof.

6.2 Survival. Sections 1, 3.1, 3.2, 3.6 through 3.11, 5, 6, 7 and 8 shall survive the
termination of this Agreement.

7 IP & Confidentiality.

7.1 Ownership. (a) Aspen acknowledges and agrees that all right, title, and interest in
the Software, Source Code, and all information and materials related to the Software, Source Code,
and TeleTech’s business, regardless of form, including all, Confidential Information, Intellectual
Property of TeleTech, and other intellectual property rights pertaining thereto (collectively,
“TeleTech IP”) are owned by TeleTech and shall remain vested in TeleTech. Each of Aspen and
Teletech acknowledges and agrees that each of Aspen and Teletech are joint and undivided owners in
all right, title, and interest in the Derivative Works created by Aspen pursuant to this
Agreement. Each of Aspen and Teletech acknowledges and agrees that any profits derived from use or
license of Derivative Works by third parties, created by Aspen pursuant to this Agreement, shall
be divided between Aspen and Teletech in a reasonable and good faith manner reflecting the
relative contribution to the Derivate Work created by Aspen, pursuant to this Agreement. Neither
Teletech nor Aspen shall license the Derivative Works created by Aspen pursuant to this Agreement
to a competitor of the other party without the prior written consent of such other party. This
Section 7 of the Agreement shall survive the termination of this Agreement.

(b) Aspen further acknowledges that the Software, Source Code and Documentation are unpublished and
constitute TeleTech copyrights, trade secrets, and Confidential Information. Aspen does not claim
any ownership or other proprietary rights in or to any TeleTech IP (other than Derivative Works
created by Aspen pursuant to this Agreement) and to the extent such ownership or proprietary rights
exist, Aspen agrees to transfer such ownership and/or proprietary rights to TeleTech. Aspen shall
provide TeleTech with a copy of the most recent versions of all Derivative Works that Aspen makes
or has made in each Calendar Quarter, no later than thirty (30) days after the last day of each
Calendar Quarter, and shall keep and maintain accurate and complete records, notes, materials,
reports and any other information related to, regarding, or in connection with, any and all
Derivative Works created by Aspen. Aspen further understands that TeleTech has full, complete and
exclusive ownership of the Derivative Works (other than Derivative Works created by Aspen pursuant
to this Agreement). If Aspen refuses or TeleTech is unable for any reason to secure Aspen’s
signature to execute any assignment or to apply for or to pursue any application of any United
States or foreign patents, trademarks or copyright applications or registrations covering a
Derivative Work (other than Derivative Works created by Aspen pursuant to this Agreement), then
Aspen hereby irrevocably designates and appoints TeleTech and its duly authorized managers,
members, representatives and agents as Aspen’s agent and attorney in fact, to act for and in
Aspen’s behalf and stead to execute and file any such applications and to do all other lawfully
permitted acts to further the protection and issuance of patents, trademarks or copyright
registrations thereon with the same legal force and effect as if executed by Aspen. Aspen further
agrees that Aspen’s obligation to execute or cause to be executed, when it is in Aspen’s power to
do so, any such instrument or papers shall continue after the termination of this Agreement until
the expiration of the last such intellectual property right to expire in any country in the world.
Aspen shall not, at any time, dispute or take any objection to the validity or the registration of
any patent, copyright, or other intellectual property right, in any country, contemplated under
this Agreement with respect to any Derivative Work (other than Derivative Works created by Aspen
pursuant to this Agreement) or any other TeleTech IP (other than Derivative Works created by Aspen
pursuant to this Agreement).

					
	 	 	 	 	 
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7.2 Protection of TeleTech IP. Aspen shall not itself (unless specifically authorized
under this Agreement) nor permit any other party to:

          a. [Intentionally omitted];

          b. Alter, remove or suppress any copyright or other proprietary notices or marks or any
confidentiality legends embedded or otherwise appearing in or on the TeleTech IP (other than
Derivative Works created by Aspen pursuant to this Agreement); or fail to ensure that all such
notices and legends appear on all full or partial copies of the TeleTech IP or any related
material, and Aspen shall insure that such notices, modified as appropriate under this Agreement,
continue to appear or exist in any Derivative Work that Aspen develops; or

               c. Sell, sublicense, lease, assign, transfer, distribute, encumber, or otherwise transform the
TeleTech IP, this Agreement or any of Aspen’s rights hereunder other than as necessary in
connection with the provision of the Services pursuant to this Agreement.

7.3 Confidentiality. The unauthorized disclosure or use of Confidential Information would
cause great injury and harm to TeleTech. Therefore, Aspen agrees to take all appropriate action to
ensure the confidentiality and security of TeleTech’s Confidential Information, but in any event
no less than the same standard of care it uses to protect its own confidential information of like
kind and value. Without limiting the generality of the foregoing, and in addition to Aspen’s
obligations in Section 7.2, Aspen agrees that it: (i) shall maintain TeleTech’s
Confidential Information in the strictest confidence, including compliance with reasonable remote
access security requirements, and will take all necessary and proper precautions to prevent any
unauthorized use or disclosure of the Confidential Information; (ii) shall not disclose, display,
publish, transmit, or otherwise make available such Confidential Information or the benefit
thereof, in whole or in part, except in confidence to its own employees on a need-to-know basis
who have agreed to the confidentiality terms set forth in this Section 7.3, and with respect to
the Source Code, Aspen agrees that it will not disclose it to anyone other than Designated
Engineers; (iii) except as expressly permitted hereunder, shall not copy, duplicate, replicate,
transform, or reproduce such Confidential Information; and (iv) inform TeleTech immediately of any
breach or threatened breach of the confidentiality obligations set forth in this Section 7.3.
Notwithstanding the foregoing restrictions, Aspen may use and disclose any Confidential
Information (1) to the extent required by an order of any court or other governmental authority or
(2) as necessary for it to protect its interest in this Agreement, but in each case only after
TeleTech has been so notified and has had the opportunity, if possible, to obtain reasonable
protection for such information in connection with such disclosure. Aspen acknowledges that
monetary damages may not be a sufficient remedy for unauthorized disclosure of Confidential
Information and that in addition to any other remedies it may have at law or in equity, TeleTech
shall be entitled to seek a restraining order, injunction, or other similar remedy without posting
bond as a condition of such relief.

7.4 Applicability. The restrictions set forth in this Section 7 shall apply during the
Term of this Agreement, and shall remain in full force and effect after any termination: (i) for
trade secrets and any Confidential Information that rises to the level of a trade secret, as long
as such information qualifies as a trade secret; and (ii) for all other Confidential Information,
during a period of five (5) years after initial disclosure. Notwithstanding the foregoing, Aspen
acknowledges and agrees that the Software, including Derivative Works, and Documentation contain
trade secrets and shall be kept confidential throughout the term of this Agreement and for as long
thereafter as they remain trade secrets under applicable law.

7.5 Trademark License. TeleTech grants to Aspen the right to use the Trademarks in
connection with the advertising and marketing of the Software and Services and provision of the
Services in accordance with the terms and conditions set forth in the Trademark License Agreement
attached hereto as Exhibit C (“Trademark License”), which Trademark License shall be executed by
Aspen concurrently with the execution of this Agreement. If this Agreement is terminated for any
reason, the Trademark License shall automatically and immediately terminate.

     8 Indemnity and Guarantee.

               a. Teletech agrees to defend, indemnify and hold Aspen, its employees, agents,
officers, directors, managers, shareholders, members or representatives or any one of them,
or any Affiliate or its respective officers, managers, directors, employees, shareholders,
members, agents or representatives or any one of them harmless from any and all third party
claims, actions, suits, awards, costs (including without limitation reasonable attorney
fees), expenses and liabilities incurred in connection with (i) TeleTech’s violation of any
applicable law, (ii) any violation or breach of this Agreement by TeleTech, and (iii) any
claim that the Derivative Work infringes any third-party’s Intellectual Property.

               b. Aspen agrees to defend, indemnify and hold TeleTech, its employees, agents,
officers, directors, managers, shareholders, members or representatives or any one of them,
or any Affiliate or its respective officers, managers, directors,

					
	 	 	 	 	 
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employees, shareholders, members, agents or representatives or any one of them
(“TeleTech Indemnified Parties”) harmless from any and all third party claims, actions,
suits, awards, costs (including without limitation reasonable attorney fees), expenses and
liabilities incurred in connection with (i) Aspen’s violation of any applicable law, (ii)
any violation or breach of this Agreement by Aspen, and (iii) any claim that the Derivative
Work infringes any third-party’s Intellectual Property.

               c. Guaranty of Aspen’s Parent. Aspen’s Parent agrees to be guarantor and
unconditionally guarantees to TeleTech and its successors and assigns the full and punctual
payment by Aspen, of the First Year Royalty Fee and the Second Year Royalty Fee pursuant to
this Agreement. If, at any time, Aspen shall default in the payment of the First Year Fee
and/or the Second Year Royalty Fee, Guarantor will pay the same, as the case may be, in
place and stead of Aspen. In the event of a dispute arising under Section or the Agreement
as relates to this Section, Aspen’s Parent agrees to accept service of process on behalf of
Aspen.

     9 Term & Termination.

9.1 Agreement Term. This Agreement shall commence on the Effective Date and continue
unless earlier terminated as provided in Section 9.2.

9.2 Termination of Agreement.

a. This Agreement may be terminated by TeleTech immediately if:

	 	(1)	 	Aspen fails to timely pay any amount owed to TeleTech pursuant to this
Agreement, including without limitation, any License Fees; or
	 
	 	(2)	 	Aspen breaches any of its confidentiality obligations under this Agreement.

b. This Agreement may be terminated by either Party if:

	 	(1)	 	a Party breaches this Agreement and such breach is not cured within thirty
(30) days from the date of written notice of such breach by the non-breaching Party;
or
	 
	 	(2)	 	a Party ceases to do business, or becomes insolvent, or files a petition in
bankruptcy or an involuntary petition in bankruptcy is filed against the Party and it
is not dismissed within thirty (30) days of such filing, or makes an assignment for
the benefit of its creditors, or is subject to the appointment of a trustee, receiver
or other custodian for such Party or such Party’s property.

c. This Agreement may be terminated by Aspen in accordance with Section 3.3 or Section 3.5,
as applicable.

9.3 Obligations Upon Termination. Upon termination of this Agreement for any reason: (i)
all outstanding amounts owed by Aspen to TeleTech shall be immediately due to TeleTech; (ii) Aspen
shall immediately cease all uses of the Software and Source Code, remove all copies from any
equipment on which they have been installed, return them with all Documentation and other TeleTech
Confidential Information and TeleTech IP in Aspen’s possession or control, including the most
recent version of the Software, and provide TeleTech an officer’s certificate confirming the
foregoing within thirty (30) days of the date of termination; (iii) Aspen shall immediately cease
all use of the Trademarks and return or destroy, at TeleTech’s sole option, all copies of
materials in Aspen’s possession or control that bear or use the Trademarks, and provide an
officer’s certificate confirming same, within thirty (30) days of the date of termination; and
(iv) the licenses and all other rights and obligations of the Parties pursuant to this Agreement
shall immediately terminate except as provided in section 6.2.

     10 Governing Law & Remedies.

This Agreement shall be governed by and construed in accordance with the substantive laws of the
State of Colorado without regard to its principles governing conflict of laws, and the Parties
agree to submit to the exclusive jurisdiction of and venue in, the courts in Denver, Colorado.
Aspen shall comply with all laws, rules, and regulations directly or indirectly applicable to use
and possession of the Software, including regulations under the US Export Administration Act and
the US Foreign Corrupt Trade Practices Act. Aspen shall indemnify and hold harmless TeleTech for
any failure to do so. Aspen represents that it will not export or otherwise remove the Software or
any portion thereof from the Territory, either directly or indirectly, without first obtaining a
license to do so from TeleTech, and any licenses or approvals as may be required from the
applicable agency or department of the US Government

					
	 	 	 	 	 
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or from any other competent governmental authority. The United Nations Convention on Contracts for
the International Sale of Goods shall not apply hereto in any respect.

     11 General.

11.1 Headings/Counterparts. Section headings are for convenience only. This Agreement may
be executed in one or more counterparts, each of which shall for all purposes are deemed to be an
original and all of which shall constitute the same instrument.

11.2 Consent. Wherever consent or other approval is required, such consent shall not be
unreasonably withheld or delayed; provided, however, it shall not be considered unreasonable for
TeleTech to withhold its consent if consent could serve to jeopardize the confidentiality of
and/or TeleTech’s interests in TeleTech IP.

11.3 Assignment. Aspen shall not assign this Agreement without the prior written consent
of TeleTech provided, however that no such consent shall be required in the event of an
assignment of this Agreement by Aspen (i) to an affiliate of Aspen, or (ii) in connection with a
merger, reorganization or sale of substantially all of the assets of Aspen.

11.4 Force Majeure. Except for obligations of confidentiality and payment, neither Party
shall be liable for any delay or failure in performance if caused by any factor beyond its
reasonable control, and performance shall be deferred until such cause of delay is removed.

11.5 No Agency. Nothing herein shall make either Party the agent of the other for any
purpose whatsoever. The Parties are independent of each other and this Agreement does not create
the relationship of partnership, principal-agent, employer-employee or joint venture between Aspen
and TeleTech.

11.6 Notices. Notices and other communications required hereunder must be in writing,
delivered by hand delivery or nationally recognized overnight courier or certified or registered
mail with postage prepaid and addressed to the following addresses:

	 	 	 
	TeleTech Holdings, Inc.

9197 S. Peoria Street

Englewood, CO 80129

Attention: Chief Financial Officer

Fax:
	 	 
	 
	 	 
	with copies to:
	 	 
	 
	 	 
	TeleTech Holdings, Inc.

	 	TeleTech Holdings, Inc.
	9197 S. Peoria Street

	 	9197 S. Peoria Street
	Englewood, CO 80129

	 	Englewood, CO 80129
	Attention: General Counsel

	 	Attention: Assistant General Counsel of Intellectual Property
	Fax: 303-397-8677

	 	Fax: 303-397-8677
	 
	 	 
	and:
	 	 
	 
	 	 
	Aspen Marketing Services, Inc.

1240 North Avenue

West Chicago, IL 60185

Attention: General Counsel

Fax: 630-562-5549
	 	 

Notices will be deemed given and delivery will be deemed made, when delivered, if hand delivered,
and on the next business day after deposit if sent by nationally recognized overnight courier or 48
hours after being deposited in the mail, if certified or registered mail. Notices may only be sent
in this manner unless otherwise agreed to by the Parties.

11.7 Waiver. Any failure or delay by either Party in exercising any right or remedy shall
not be deemed a waiver of any further, prior, or future right or remedy hereunder.

					
	 	 	 	 	 
	Software and Intellectual Property License Agreement
	 	Page 9 of 21
	 	9/28/2007

 

 

11.8 Severability. Any provision of this Agreement that is prohibited or unenforceable in
any jurisdiction will, as to such jurisdiction, be ineffective to the extent of such prohibition
or unenforceability without invalidating the remaining portions hereof or affecting the validity
or enforceability of such provision in any other jurisdiction. The invalidity or unenforceability
of any provision shall not constitute a failure of consideration hereunder.

11.9 Entire Agreement/Modification. This Agreement and its Exhibits together constitute
the entire agreement between TeleTech and Aspen, and supersede all prior agreements and
understandings, whether oral or written, relating to the subject matter hereof. No other
agreements shall be effective to change, modify, or terminate this Agreement in whole or in part
unless in writing specifically referencing this Agreement and duly signed by authorized
representatives of both Parties. No terms, provisions or conditions of any purchase order, invoice
or other business form or written authorization used by either Party will have any effect on the
rights, duties or obligations of the Parties under, or otherwise modify, this Agreement,
regardless of any failure of either Party to object to such terms, provisions or conditions. In
case of any conflict between this Agreement and (i) any Exhibit or other attachment hereto or (ii)
that certain Asset Purchase Agreement dated as ___, 2007 by and among the Parties and Newgen
Results Corporation, Carabunga.com, Inc. and Newgen Results Canada, Ltd, the provisions of this
Agreement shall control.

11.10 Counterparts, Facsimile Signatures. This Agreement may be executed in
counterparts, each of which shall be deemed an original, but which together shall constitute one
and the same instrument. If this Agreement is executed in counterparts, no signatory hereto shall
be bound until both the Parties named below have duly executed or caused to be duly executed a
counterpart of this Agreement. A signature on a copy of this Agreement received by either Party by
facsimile is binding upon the other Party as an original. Both Parties agree that a photocopy of
such facsimile may also be treated by the Parties as a duplicate original.

					
	 	 	 	 	 
	Software and Intellectual Property License Agreement
	 	Page 10 of 21
	 	9/28/2007

 

 

IN WITNESS WHEREOF, TeleTech and Aspen have caused this Agreement to be executed as of the
Effective Date by their duly authorized representatives, and each represents and warrants to the
other that it is legally free to enter in to this Agreement.

	 	 	 	 	 	 	 
	ASPEN MARKETING SERVICES, INC.

	 	 
	 	TELETECH HOLDINGS, INC.
	 	 
	 
	 	 	 	 	 	 
	Signed By: 

	 	 
	 	Signed By: 
	 	 
	Printed Name: 

	 	 
	 	Printed Name: 

	 	 
	Title: 

	 	 
	 	Title: 

	 	 
	Date: 

	 	 
	 	Date: 

	 	 
	ASPEN ACQUISITION HOLDINGS LLC

	 	 
	 	
	 	 
	 
	 	 	 	 	 	 
	Signed By: 

	 	 
	 	 	 	 
	Printed Name: 

	 	 
	 	 	 	 
	Title: 

	 	 
	 	 	 	 
	Date: 

	 	 
	 	 	 	 

					
	 	 	 	 	 
	Software and Intellectual Property License Agreement
	 	Page 11 of 21
	 	9/28/2007

 

 

LIST OF EXHIBITS

EXHIBIT A: CONFIDENTIAL INFORMATION AND NON-DISCLOSURE AGREEMENT

EXHIBIT B: SOFTWARE AND SOURCE CODE SITES

EXHIBIT C: TRADEMARK LICENSE AGREEMENT

EXHIBIT D: ROYALTY REPORTING FORM

 

 

EXHIBIT A

CONFIDENTIAL INFORMATION AND NON-DISCLOSURE AGREEMENT

This Confidential Information and Non-Disclosure Agreement (the “Agreement”), is entered
into this                      day of                                         , 20___ (the “Effective Date”) by and among TeleTech
Holdings, Inc., a corporation organized under the laws of Delaware with offices located at 9197 S.
Peoria Street, Englewood, CO 80129 (“TeleTech”), and Aspen Marketing Services, Inc., a
corporation organized under the laws of Delaware, with offices located at 1240 North Avenue, West
Chicago, IL 60185 (“Aspen”), and                                         , an individual residing at
                                         (“Recipient”)(collectively, the “Parties”).

WHEREAS, Recipient is an employee of Aspen who is or will be engaged in creating Derivative Works
(as defined below) of TeleTech’s Identify! and/or Identify! Plus software (the “Software”)
and consequently will have access to TeleTech’s Source Code (as defined below) and other
Confidential Information (as defined below);

NOW, THEREFORE, in consideration of the mutual promises and covenants contained in this Agreement,
and the disclosure of confidential information between the Parties, the receipt and sufficiency of
such consideration hereby acknowledged, the Parties hereto agree as follows:

1. DEFINITIONS

     a. “Automotive Field of Use” shall mean the design, creation, manufacturing,
marketing, distribution, sale and servicing of automobiles, including passenger cars, trucks, SUVs
and the like.

     b “Confidential Information” shall mean any data, material or information provided by
TeleTech to Aspen in printed, written, graphic, photographic or other tangible form, as well as
stored, transmitted and received electronically, or information of TeleTech that is presented,
communicated or disclosed orally, including but not limited to information marked as
“Confidential”, “Secret”, “Proprietary”, “Restricted”, “Private” or words of similar import,
information generally known in the business to be confidential, and any other information disclosed
to Aspen by TeleTech concerning the businesses and affairs of TeleTech and its subsidiaries that is
not already generally available to the public, including, without limitation, trade secrets and
know-how. Confidential Information shall include the Software, Source Code, Intellectual Property
of TeleTech, trade secrets and any Derivative Work (other than Derivative Works created by Aspen)
and shall also include any information which can be obtained from examining, testing, utilizing or
analyzing the Software or Derivative Work, or any software, hardware or component thereof as well
as any accompanying materials, manuals, records or documents of similar nature. Confidential
Information shall not include information that is: (i) lawfully known to Aspen prior to its
disclosure by TeleTech, and such knowledge is not a direct or indirect result of a breach of any
obligation by any third party; (ii) now or later becomes in the public domain other than as a
result of a breach by Aspen or its obligations hereunder; (iii) received subsequently by Aspen from
a third party who has the lawful right to disclose same; or (iv) independently developed by Aspen
without reference to the Confidential Information received hereunder, as evidenced by Aspen’s
records.

     c. “Confidential Materials” shall mean all tangible materials containing Confidential
Information, including without limitation written or printed documents and computer disks or tapes,
whether machine or user readable.

     d. “Derivative Work” shall mean a work that is based on, or incorporating, the
Software, including but not limited to, translations, abridgments, condensations, improvements,
updates, fixes, modifications and enhancements, or any other form in which the Software may be
recast, transformed, adapted, or revised, and includes any other work specifically so-designated by
Aspen and TeleTech in writing in the future.

     e. “Intellectual Property” shall mean all of the following in any jurisdiction
throughout the world: (a) all inventions (whether patentable or unpatentable and whether or not
reduced to practice), all improvements thereto, and all patents, patent applications, and patent
disclosures, together with all reissuances, continuations, continuations-in-part, divisionals,
extensions, reexaminations, utility models, certificates of invention, industrial designs, and
design patents, as well as the rights to file for, and to claim priority to, any such patent
rights, (b) all trademarks, service marks, trade dress, logos, slogans, trade names, corporate
names, Internet domain names, and rights in telephone numbers, together with all translations,
adaptations, derivations,

 

 

and combinations thereof and including all goodwill associated therewith, and all applications,
registrations, and renewals in connection therewith, (c) all copyrightable works, copyrights, and
all applications, registrations, and renewals in connection therewith, (d) all mask works and all
applications, registrations, and renewals in connection therewith, (e) all trade secrets and
confidential information (including ideas, research and development, know-how, formulas,
compositions, manufacturing and production processes and techniques, technical data, designs,
drawings, specifications, customer and supplier lists, pricing and cost information, and business
and marketing plans and proposals), (f) all computer software (including source code, executable
code, data, databases, and related documentation), (g) all advertising and promotional materials,
(h) all other proprietary rights, (i) all copies and tangible embodiments thereof (in whatever form
or medium); and (j) all income, royalties, damages and payments related to any of the foregoing
(including damages and payments for past, present or future infringements, misappropriations or
other conflicts with any intellectual property), and the right to sue and recover for past, present
or future infringements, misappropriations or other conflict with any intellectual property.

     f. Mutual Confidential Information. Any Derivative Works created by Aspen
pursuant to this Agreement.

     g. “Non-Automotive Field of Use” shall mean any business, industry and/or commerce in
a field other than the Automotive Field of Use.

     h. “Object Code” shall mean the Software assembled or compiled or fixed in magnetic or
electronic binary form on media, which is readable and usable by machines, but not generally
readable by humans without reverse assembly, reverse compiling, or reverse engineering.

     i. “Services” shall mean telephone answering services, including, without limitation,
tracking, managing, recording and forwarding customer calls to a call center, including accessing
and forwarding customer data and routing customer calls to a professional customer care agent.

     j. “Source Code” means the source code of the Software written in programming
language, including comments and procedural code, such as job control language statements, in a
form intelligible to trained programmers and capable of being translated into Object Code for
operation on computer equipment through assembly or compiling, and accompanied by documentation in
sufficient detail to enable a trained programmer through study of such documentation to maintain
and/or modify the Software without undue experimentation.

2. RESTRICTIONS

     a. Recipient may only use Confidential Information and Confidential Materials during
Recipient’s employment with Aspen in connection with creating, using, modifying and reproducing
Derivative Works of the Software for Aspen in connection with providing the Services in the
Automotive Field of Use and Non-Automotive Field of Use. Recipient agrees to segregate all such
Confidential Materials from the confidential materials of others in order to prevent commingling.
Recipient shall not disclose the Confidential Information or Confidential Materials to any third
party without TeleTech’s prior written consent.

     b. For purposes of this Agreement, Mutual Confidential Information shall be treated as
Confidential Information except that both Parties are considered to be both owner and discloser
(“Discloser”) and Recipient of Mutual Confidential Information, for example, each Party shall treat
Mutual Confidential Information as the Confidential Information of the other, and neither Party
can disclose Mutual Confidential Information to non-employee third parties without the express,
written permission of the other Party.

     c. In the event a Recipient is required by law, applicable regulation or judicial process to
disclose all or any portion of the Confidential Information or Confidential Materials, the
Recipient agrees to (i) promptly notify TeleTech of the existence, terms and circumstances
surrounding such requirement sufficiently in advance of the time for such disclosure to allow
TeleTech to protect its Confidential Information and Confidential Materials by limiting or
resisting the disclosure requirement and (ii) if disclosure of such information is required,
exercise its reasonable efforts to obtain an order or other reliable assurance that confidential
treatment will be accorded to such Confidential Information and Confidential Materials. If such

 

 

order or assurance is not obtained, Recipient shall be permitted to disclose only such portion
of the Confidential Information or Confidential Materials that it is advised by opinion of counsel
is required to be disclosed.

     d. Recipient shall take security precautions, no less than the precautions it takes to protect
confidential information of Aspen, but in no event less than reasonable care, to keep confidential
the Confidential Information and Confidential Materials. In addition to the precautions taken
above, Recipient shall do the following:

     i. maintain the confidentiality of any passwords, keys, combinations or other security
devices used to maintain the confidentiality of the Confidential Information and
Confidential Materials;

     ii. report immediately any instance of any such security devices being lost or stolen
to appropriate personnel at Aspen and TeleTech;

     iii. keep Confidential Information and Confidential Materials on Aspen premises except
as temporarily required to perform tasks at a different location when authorized and
instructed to do so by Aspen, but in no event maintaining Confidential Information and
Confidential Materials off such premises for longer than necessary to perform the offsite
tasks;

     iv. regularly destroy Confidential Materials through shredding or burning when such
Confidential Materials are no longer necessary for carrying out the purposes of this
Agreement; and

     v. share Confidential Information and Confidential Materials only with other employees
of Aspen who have executed a copy of this Agreement.

3. RIGHTS AND REMEDIES

     a. Recipient shall notify Aspen and TeleTech immediately upon discovery of any unauthorized
use or disclosure of Confidential Information or Confidential Materials, or any other breach of
this Agreement and will cooperate with Aspen and TeleTech in every reasonable way to help Aspen and
TeleTech regain possession of the Confidential Information or Confidential Materials and prevent
its further unauthorized use or disclosure.

     b. In the event of termination of employment of Recipient, Recipient shall immediately return
to Aspen all originals, copies, reproductions and summaries of Confidential Information or
Confidential Materials in Recipient’s possession and certify in writing to that it has complied
with this provision. Aspen shall take reasonable steps to ensure that Recipient complies with this
requirement.

     c. Recipient acknowledges that monetary damages may not be a sufficient remedy for
unauthorized disclosure of Confidential Information and that TeleTech shall be entitled, without
waiving any other rights or remedies, to such injunctive or equitable relief as may be deemed
proper by a court of competent jurisdiction.

     d. TeleTech or its designated agent may interview, orally or in writing, Recipient with
reasonable prior notice and during normal business hours, to review Recipient’s compliance with the
terms of this Agreement.

4. MISCELLANEOUS

     a. All Confidential Information and Confidential Materials are and shall remain the property
of TeleTech. By disclosing information to Recipient or Aspen, TeleTech does not grant any express
or implied

 

 

right to Recipient or Aspen as to any of TeleTech’s patents, copyrights, trademarks, or trade
secret information, or any other Intellectual Property.

     b. This Agreement constitutes the entire agreement between the Parties with respect to the
subject matter hereof. This Agreement shall not be modified except by a written agreement dated
subsequent to the date of this Agreement and signed by both Parties. None of the provisions of
this Agreement shall be deemed to have been waived by any act or acquiescence on the part of
TeleTech, its agents, or employees, but only by an instrument in writing signed by an authorized
officer of TeleTech. No waiver of any provision of this Agreement shall constitute a waiver of any
other provision(s) or of the same provision on another occasion.

     c. If TeleTech employs attorneys to enforce any rights arising out of or relating to this
Agreement, TeleTech shall be entitled to recover its reasonable attorneys’ fees. This Agreement
shall be construed in accordance with the laws of the state of Colorado, without regard to that
state’s conflict of laws principles.

     d. Subject to the limitations set forth in this Agreement, this Agreement will inure to the
benefit of and be binding upon the Parties, their successors and assigns.

     e. If any provision of this Agreement shall be held by a court of competent jurisdiction to be
illegal, invalid or unenforceable, the remaining provisions shall remain in full force and effect.

     f. The Parties to this Agreement acknowledge that each has had the opportunity to consult with
legal counsel of their own choosing. The Parties therefore agree that the Rule of Construction
which provides that ambiguities in a contract shall be construed against the drafter shall not
apply to this Agreement and the Parties waive any such defense to the terms of this Agreement.

     g. All obligations created by this Agreement shall survive change or termination of
Recipient’s employment with Aspen.

 

 

     In WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the Effective Date.

	 	 	 	 	 
	 	TELETECH HOLDINGS, INC. 	 
	 	 	 
	 	By:  	 	 
	 	 	Name:  	 	 	 
	 	 	Its: 	 	 
	 
	 	ASPEN MARKETING SERVICES, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 	 
	 	 	Its: 	 	 
	 
	 	RECIPIENT

 	 
	 	Name: 	 
	 	 	 
	 	Address: 	 

 

 

	 	 	 	 	 

EXHIBIT B

SOFTWARE AND SOURCE CODE SITES

 

 

EXHIBIT C

TRADEMARK LICENSE AGREEMENT

 

 

EXHIBIT D

ROYALTY REPORTING FORM

	 	 	 
	From Licensee:

	 	Aspen Marketing Services, Inc. (“Aspen”)
	 
	 	 
	In Connection With:

	 	The Software and Intellectual Property Agreement between Aspen and TeleTech
Holdings, Inc. dated                      (“License Agreement”).
	 
	 	 
	Calendar Quarter (circle one):

	 	(January 1 to March 31) or (April 1 to June 30) or

(July 1 to September 30) or (October 1 to December 31)
	 
	 	 
	For the Year:

	 	                    
	 
	 	 
	Date of this Report:

	 	                    
	 
	 	 
	Scope:

	 	All Gross Revenues in connection with Identify! software, Identify! Plus software, or any
Derivative Work (as defined in the License Agreement)

	 	 	 	 	 	 	 	 	 
	 
	 	ROYALTY DUE UNDER SECTION 3.5 OF LICENSE AGREEMENT	 
	 	Invoice Date	 	 	Invoice Number	 	 	Gross Revenues Received During Calendar Quarter for Non-Automotive Field of Use	 
	 	 
	 	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	 	 
	Total of Gross Revenue for Non-Automotive
Field of Use:
	 	 	                                        	 
	 
	 	 	 	 
	Total Running Royalty Fee-Non-Automotive1 (5.0% of
Gross Revenue for Non-Automotive Field of Use):
	 	 	                                        	 
	 
	 	 	 	 
	Amount Due:
	 	 	                                         	 (A)

 

			
	1	 	Begins accruing upon Effective Date of License
Agreement.

 

 

	 	 	 	 	 	 	 	 	 
	 
	 	ROYALTY DUE UNDER SECTION 3.3 OF LICENSE AGREEMENT	 
	 	Invoice Date	 	 	Invoice Number	 	 	Gross Revenues Received During Calendar Quarter for Automotive Field of Use	 
	 	 
	 	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	 	 
	Total of Gross Revenue for Automotive Field of Use:
	 	 	                                        	 
	 
	 	 	 	 
	Total Running Royalty Fee-Automotive2 (5.0% of
Gross Revenue for Automotive Field of Use):
	 	 	                                        	 
	 
	 	 	 	 
	Offset:
	 	 	                                        	 
	 
	 	 	 	 
	Amount Due:
	 	 	                                         	 (B)
	 
	 	 	 	 
	TOTAL AGGREGATE ROYALTIES DUE
	 	 	                                         	 (A + B)

 

			
	2	 	Begins accruing on second year anniversary of the
Effective Date of License Agreement, and shall not be less than $150,000 USD
annually as specified in Article 3.

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