Document:

Exhibit 4.1

 

NEITHER
THESE SECURITIES NOR THE SECURITIES ISSUABLE UPON EXERCISE OF THESE SECURITIES HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE
COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT
OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO,
THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS AS EVIDENCED BY A
LEGAL OPINION OF COUNSEL TO THE TRANSFEROR TO SUCH EFFECT, THE SUBSTANCE OF WHICH SHALL BE REASONABLY ACCEPTABLE TO THE COMPANY.
THESE SECURITIES AND THE SECURITIES ISSUABLE UPON EXERCISE OF THESE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN
ACCOUNT SECURED BY SUCH SECURITIES.

 

BORQS
TECHNOLOGIES, INC.

 

FORM
OF WARRANT

 

	Warrant
No. [___]	Original
Issue Date: ________, 2018

 

BORQS
Technologies, Inc., a British Virgin Islands corporation (the “Company”), hereby certifies that, as partial compensation
for services, [Maxim Partners LLC] or its registered assigns (the “Holder”), is entitled to purchase from the Company
up to a total of [______ (____________)] ordinary shares, no par value (each such share, a “Warrant Share” and all
such shares, the “Warrant Shares”), at any time and from time to time beginning on _______________, 2019 and through
and including _________, 2021 (the “Expiration Date”), and subject to the following terms and conditions:

 

1.
Definitions. As used in this Warrant, the following terms shall have the respective definitions set forth in this Section
1.

 

“Affiliate”
means any Person that, directly or indirectly through one or more intermediaries, controls or is controlled by or is under common
control with a Person, as such terms are used in and construed under Rule 144.

 

“Business
Day” means any day except Saturday, Sunday and any day which is a federal legal holiday or a day on which banking
institutions in the State of New York are authorized or required by law or other governmental action to close.

 

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

 

“Exercise
Price” means $[___]1, subject to adjustment in accordance with Section 9.

 

“Fundamental
Transaction” means any of the following: (1) the Company effects any merger or consolidation of the Company with
or into another Person, (2) the Company effects any sale of all or substantially all of its assets in one or a series of related
transactions, provided however, that the sale by the Company of any manufacturing business segment, product line or division shall
not be deemed to be a sale of substantially all of its assets, (3) any tender offer or exchange offer (whether by the Company
or another Person) is completed pursuant to which holders of Common Stock are permitted to tender or exchange their shares for
other securities, cash or property, or (4) the Company effects any reclassification of the Ordinary Shares or any compulsory share
exchange pursuant to which the Ordinary Shares are effectively converted into or exchanged for other securities, cash or property.

 

 

 

 

1
One hundred and twenty percent (120%) of the public offering price of a share

 

     

     

    

 

“New
York Courts” means the state and federal courts sitting in the City of New York, Borough of Manhattan.

 

“Ordinary
Shares” means the ordinary shares of the Company, no par value, and any securities into which such ordinary shares
may hereafter be reclassified or for which it may be exchanged as a class. “Original Issue Date” means
the Original Issue Date first set forth on the first page of this Warrant.

 

“Person”
means an individual or corporation, partnership, trust, incorporated or unincorporated association, joint venture, limited liability
company, joint stock company, government (or an agency or subdivision thereof) or other entity of any kind.

 

“Rule
144” means Rule 144 promulgated by the SEC pursuant to the Securities Act, as such Rule may be amended from time
to time, or any similar rule or regulation hereafter adopted by the SEC on having substantially the same effect as such Rule.

 

“SEC”
means the Securities and Exchange Commission.

 

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

 

“Subsidiary”
means any “significant subsidiary” as defined in Rule 1-02(w) of Regulation S-X promulgated by the SEC under the Exchange
Act.

 

“Trading
Day” means (i) a day on which the Ordinary Shares are traded or quoted on a Trading Market, or (ii) if the Ordinary
Shares are not traded or quoted on any Trading Market, a day on which the Ordinary Shares are quoted in the over-the-counter market
as reported on the applicable tier of OTC Markets LLC (or any similar organization or agency succeeding to its functions of reporting
prices); provided, that in the event that the Ordinary Shares are not traded or quoted as set forth in (i) or (ii) hereof, then
Trading Day shall mean a Business Day.

 

“Trading
Market” means whichever of the New York Stock Exchange, NYSE Amex Equities, the NASDAQ Global Select Market, the
NASDAQ Global Market, the NASDAQ Capital Market or OTC Bulletin Board on which the Ordinary Shares arelisted or quoted for trading
on the date in question.

 

“Underwriting
Agreement” means the Underwriting Agreement dated [___], 2018 between the Company and Maxim Group LLC, as Representative
of the Underwriters named on Schedule A thereto.

 

“Warrant
Shares” means the Ordinary Shares issuable upon exercise of this Warrant.

 

2.
Registration of Warrant. The Company shall register this Warrant upon records to be maintained by the Company for that
purpose (the “Warrant Register”), in the name of the record Holder hereof from time to time. The Company may deem
and treat the registered Holder of this Warrant as the absolute owner hereof for the purpose of any exercise hereof or any distribution
to the Holder, and for all other purposes, absent actual notice to the contrary.

 

3.
Registration of Transfers. Subject to the limitation set forth in the last sentence of Section 4 hereof, the Company shall
register the transfer of any portion of this Warrant in the Warrant Register, upon surrender of this Warrant, with the Form of
Assignment attached hereto duly completed and signed, to the Company at its address specified herein. Upon any such registration
or transfer, a new Warrant to purchase Ordinary Shares, in substantially the form of this Warrant (any such new Warrant, a “New
Warrant”), evidencing the portion of this Warrant so transferred shall be issued to the transferee and a New Warrant evidencing
the remaining portion of this Warrant not so transferred, if any, shall be issued to the transferring Holder. The acceptance of
the New Warrant by the transferee thereof shall be deemed the acceptance by such transferee of all of the rights and obligations
of a holder of a Warrant.

 

    2

     

    

 

4.
Exercise and Duration of Warrants. This Warrant shall be exercisable by the registered Holder at any time and from time
to time from and after ____, 2019 (unless earlier exercisable pursuant to Section 11 hereof) through and including the Expiration
Date. At 6:30 p.m., New York City time on the Expiration Date, which in accordance with FINRA Rule 5110(f)(2)(H) shall not be
more than five (5) years from ______, 2018, the portion of this Warrant not exercised prior thereto shall be and become void and
of no value. The Company may not call or redeem any portion of this Warrant without the prior written consent of the affected
Holder. This Warrant shall not be sold, transferred, assigned, pledged, or hypothecated, or be the subject of any hedging, short
sale, derivative, put, or call transaction that would result in the effective economic disposition of this Warrant by any person
for a period of six months immediately following ___________, 2018, except that such warrant may be assigned, in whole or in part,
to any successor, officer, manager or member of such holder or to officers, managers or members of such successor or member, and
to members of the underwriting syndicate or selling group.

 

5.
Delivery of Warrant Shares.

 

(a)
To effect exercises hereunder, the Holder shall not be required to physically surrender this Warrant unless the aggregate Warrant
Shares represented by this Warrant is being exercised. Upon delivery of the Exercise Notice (in the form attached hereto) to the
Company (with the attached Warrant Shares Exercise Log) at its address for notice set forth herein and upon payment of the Exercise
Price multiplied by the number of Warrant Shares that the Holder intends to purchase hereunder (provided, that, in lieu of the
payment of the Exercise Price, the Holder may have notified the Company in its Exercise Notice that such exercise was made pursuant
to a Cashless Exercise (as defined in Section 11 hereof)), the Company shall promptly (but in no event later than five Trading
Days) after the Date of Exercise (as defined herein)) issue and deliver to the Holder, a certificate for the Warrant Shares issuable
upon such exercise. The Company shall, upon request of the Holder and subsequent to the date on which a registration statement
covering the resale of the Warrant Shares, if any, has been declared effective by the SEC, use its reasonable best efforts to
deliver Warrant Shares hereunder electronically through the Depository Trust Corporation or another established clearing corporation
performing similar functions, if available, provided, that, the Company may, but will not be required to change its transfer agent
if its current transfer agent cannot deliver Warrant Shares electronically through the Depository Trust Corporation. A “Date
of Exercise” means the date on which the Holder shall have delivered to the Company: (i) the Exercise Notice (with the Warrant
Exercise Log attached to it), appropriately completed and duly signed and (ii) payment of the Exercise Price for the number of
Warrant Shares so indicated by the Holder to be purchased.

 

(b)
If by the fifth Trading Day after a Date of Exercise the Company fails to deliver the required number of Warrant Shares in
the manner required pursuant to Section 5(a), then the Holder will have the right to rescind such exercise.

 

(c)
The Company’s obligations to issue and deliver Warrant Shares in accordance with the terms hereof are absolute and unconditional,
irrespective of any action or inaction by the Holder to enforce the same, any waiver or consent with respect to any provision
hereof, the recovery of any judgment against any Person or any action to enforce the same, or any setoff, counterclaim, recoupment,
limitation or termination, or any breach or alleged breach by the Holder or any other Person of any obligation to the Company
or any violation or alleged violation of law by the Holder or any other Person, and irrespective of any other circumstance which
might otherwise limit such obligation of the Company to the Holder in connection with the issuance of Warrant Shares. Nothing
herein shall limit a Holder’s right to pursue any other remedies available to it hereunder, at law or in equity including,
without limitation, a decree of specific performance and/or injunctive relief with respect to the Company’s failure to timely
deliver certificates representing Warrant Shares upon exercise of the Warrant as required pursuant to the terms hereof.

 

6.
Charges, Taxes and Expenses. Issuance and delivery of Warrant Shares upon exercise of this Warrant shall be made without
charge to the Holder for any issue or transfer tax, withholding tax, transfer agent fee or other incidental tax or expense in
respect of the issuance of such certificates, all of which taxes and expenses shall be paid by the Company; provided, however,
that the Company shall not be required to pay any tax which may be payable in respect of any transfer involved in the registration
of any certificates for Warrant Shares or Warrants in a name other than that of the Holder. The Holder shall be responsible for
all other tax liability that may arise as a result of holding or transferring this Warrant or receiving Warrant Shares upon exercise
hereof.

 

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7.
Replacement of Warrant. If this Warrant is mutilated, lost, stolen or destroyed, the Company shall issue or cause to be
issued in exchange and substitution for and upon cancellation hereof, or in lieu of and substitution for this Warrant, a New Warrant,
but only upon receipt of evidence reasonably satisfactory to the Company of such loss, theft or destruction and customary and
reasonable indemnity (which shall not include a surety bond), if requested. Applicants for a New Warrant under such circumstances
shall also comply with such other reasonable regulations and procedures and pay such other reasonable third-party costs as the
Company may prescribe. If a New Warrant is requested as a result of a mutilation of this Warrant, then the Holder shall deliver
such mutilated Warrant to the Company as a condition precedent to the Company’s obligation to issue the New Warrant.

 

8.
Reservation of Warrant Shares. The Company covenants that it will at all times reserve and keep available out of the aggregate
of its authorized but unissued and otherwise unreserved Ordinary Shares, solely for the purpose of enabling it to issue Warrant
Shares upon exercise of this Warrant as herein provided, the number of Warrant Shares which are then issuable and deliverable
upon the exercise of this entire Warrant, free from preemptive rights or any other contingent purchase rights of Persons other
than the Holder (taking into account the adjustments and restrictions of Section 9). The Company covenants that all Warrant Shares
so issuable and deliverable shall, upon issuance and the payment of the applicable Exercise Price in accordance with the terms
hereof, be duly and validly authorized, issued and fully paid and nonassessable.

 

9.
Certain Adjustments. The Exercise Price and number of Warrant Shares issuable upon exercise of this Warrant are subject
to adjustment from time to time as set forth in this Section 9.

 

(a)
Stock Dividends and Splits. If the Company, at any time while this Warrant is outstanding, (i) pays a stock dividend on
its Ordinary Shares or otherwise makes a distribution on any class of capital stock that is payable in Ordinary Shares, (ii) subdivides
outstanding Ordinary Shares into a larger number of shares, or (iii) combines outstanding shares of Ordinary Shares into a smaller
number of shares, then in each such case the Exercise Price shall be multiplied by a fraction of which the numerator shall be
the number of Ordinary Shares outstanding immediately before such event and of which the denominator shall be the number of Ordinary
Shares outstanding immediately after such event. Any adjustment made pursuant to clause (i) of this paragraph shall become effective
immediately after the record date for the determination of shareholders entitled to receive such dividend or distribution, and
any adjustment pursuant to clause (ii) or (iii) of this paragraph shall become effective immediately after the effective date
of such subdivision or combination.

 

(b) Fundamental
Transactions. If, at any time while this Warrant is outstanding there is a Fundamental Transaction, then the Holder shall
have the right thereafter to receive, upon exercise of this Warrant, the same amount and kind of securities, cash or property
as it would have been entitled to receive upon the occurrence of such Fundamental Transaction if it had been,
immediately prior to such Fundamental Transaction, the holder of the number of Warrant Shares then issuable upon exercise in
full of this Warrant (the “Alternate Consideration”). For purposes of any such exercise, the determination of the
Exercise Price shall be appropriately adjusted to apply to such Alternate Consideration based on the amount of Alternate
Consideration issuable in respect of one share of Ordinary Shares in such Fundamental Transaction, and the Company shall
apportion the Exercise Price among the Alternate Consideration in a reasonable manner reflecting the relative value of any
different components of the Alternate Consideration. If holders of Ordinary Shares are given any choice as to the securities,
cash or property to be received in a Fundamental Transaction, then the Holder shall be given the same choice as to the
Alternate Consideration it receives upon any exercise of this Warrant following such Fundamental Transaction. At the
Holder’s option and request, any successor to the Company or surviving entity in such Fundamental Transaction shall
issue to the Holder a new warrant substantially in the form of this Warrant and consistent with the foregoing provisions and
evidencing the Holder’s right to purchase the Alternate Consideration for the aggregate Exercise Price upon exercise
thereof. The terms of any agreement pursuant to which a Fundamental Transaction is effected shall include terms requiring any
such successor or surviving entity to comply with the provisions of this paragraph (b) and insuring that the Warrant (or any
such replacement security) will be similarly adjusted upon any subsequent transaction analogous to a Fundamental
Transaction.

 

(c)
Number of Warrant Shares. Simultaneously with any adjustment to the Exercise Price pursuant to this Section 9, the number
of Warrant Shares that may be purchased upon exercise of this Warrant shall be increased or decreased proportionately, so that
after such adjustment the aggregate Exercise Price payable hereunder for the adjusted number of Warrant Shares shall be the same
as the aggregate Exercise Price in effect immediately prior to such adjustment.

 

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(d) Calculations.
All calculations under this Section 9 shall be made to the nearest cent or the nearest 1/100th of a share, as applicable. The
number of Ordinary Shares outstanding at any given time shall not include shares owned or held by or for the account of the
Company, and the disposition of any such shares shall be considered an issue or sale of Ordinary Shares.

 

(e)
Notice of Adjustments. Upon the occurrence of each adjustment pursuant to this Section 9, the Company at its expense will
promptly compute such adjustment in accordance with the terms of this Warrant and prepare a certificate setting forth such adjustment,
including a statement of the adjusted Exercise Price and adjusted number or type of Warrant Shares or other securities issuable
upon exercise of this Warrant (as applicable), describing the transactions giving rise to such adjustments and showing in detail
the facts upon which such adjustment is based. Upon written request, the Company will promptly deliver a copy of each such certificate
to the Holder and to the Company’s Transfer Agent.

 

(f)
Notice of Corporate Events. If the Company (i) declares a dividend or any other distribution of cash, securities or other
property in respect of its Ordinary Shares , including without limitation any granting of rights or warrants to subscribe for
or purchase any capital stock of the Company or any Subsidiary, (ii) authorizes or approves, enters into any agreement contemplating
or solicits shareholder approval for any Fundamental Transaction or (iii) authorizes the voluntary dissolution, liquidation or
winding up of the affairs of the Company, then the Company shall deliver to the Holder a notice describing the material terms
and conditions of such transaction (but only to the extent such disclosure would not result in the dissemination of material,
non-public information to the Holder) at least 10 calendar days prior to the applicable record or effective date on which a Person
would need to hold Ordinary Shares in order to participate in or vote with respect to such transaction, and the Company will take
all steps reasonably necessary in order to give the Holder the practical opportunity to exercise this Warrant prior to such time
so as to participate in or vote with respect to such transaction; provided, however, that the failure to deliver such notice or
any defect therein shall not affect the validity of the corporate action required to be described in such notice.

 

10. Payment
of Exercise Price. The Holder shall pay the Exercise Price by delivering immediately available funds if the Holder did
not notify the Company in the Exercise Notice that the exercise was made pursuant to a Cashless Exercise as further
described in Section 11 hereof.

 

11. Cashless
Exercise. If at any time after a date that is three months after the date of the Underwriting Agreement, there is no
effective Registration Statement registering, or no current prospectus available for, the resale of the Warrant Shares by the
Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless
exercise” in which the Holder shall be entitled to receive a number of Warrant Shares equal to the quotient obtained by
dividing [(A-B) (X)] by (A), where:

 

(A)
= the VWAP on the Trading Day immediately preceding the date on which Holder elects to exercise this Warrant by means of a “cashless
exercise,” as set forth in the applicable Notice of Exercise;

 

(B)
= the Exercise Price of this Warrant, as adjusted hereunder; and

 

(X)
= the number of Warrant Shares that would be issuable upon exercise of this Warrant in accordance with the terms of this Warrant
if such exercise were by means of a cash exercise rather than a cashless exercise.

 

If
Warrant Shares are issued in such a cashless exercise, the parties acknowledge and agree that in accordance with Section 3(a)(9)
of the Securities Act, the Warrant Shares shall take on the characteristics of the Warrants being exercised, and the holding period
of the Warrants being exercised may be tacked on to the holding period of the Warrant Shares.  The Company agrees not
to take any position contrary to this Section 11.

 

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“VWAP”
means, for any date, the price determined by the first of the following clauses that applies: (a) if the Ordinary Shares is then
listed or quoted on a Trading Market, the daily volume weighted average price of the Ordinary Shares for such date (or the nearest
preceding date) on the Trading Market on which the Ordinary Shares arethen listed or quoted as reported by Bloomberg L.P. (based
on a Trading Day from 9:30 a.m. (New York City time) to 4:02 p.m. (New York City time)), (b) if OTCQB or OTCQX is not a Trading
Market, the volume weighted average price of the Ordinary Shares for such date (or the nearest preceding date) on OTCQB or OTCQX
as applicable, (c) if the Ordinary Shares are not then listed or quoted for trading on OTCQB or OTCQX and if prices for the Ordinary
Shares are then reported in the “Pink Sheets” published by OTC Markets, Inc. (or a similar organization or agency
succeeding to its functions of reporting prices), the most recent bid price per share of the Ordinary Shares so reported, or (d)
in all other cases, the fair market value of a share of Ordinary Shares as determined by an independent appraiser selected in
good faith by the Holders of a majority in interest of the Securities then outstanding and reasonably acceptable to the Company,
the fees and expenses of which shall be paid by the Company.

 

Notwithstanding
anything herein to the contrary, on the Expiration Date, this Warrant shall be automatically exercised via cashless exercise pursuant
to this Section 11.

 

12. Limitations
on Exercise. Notwithstanding anything to the contrary contained herein, the number of Warrant Shares that may be acquired
by the Holder upon any exercise of this Warrant (or otherwise in respect hereof) shall be limited to the extent necessary to
insure that, following such exercise (or other issuance), the total number of Ordinary Shares then beneficially owned by
such Holder and its Affiliates and any other Persons whose beneficial ownership of Ordinary Shares would be aggregated with
the Holder’s for purposes of Section 13(d) of the Exchange Act, does not exceed 9.99% of the total number of issued and
outstanding Ordinary Shares (including for such purpose the shares of Ordinary Shares issuable upon such exercise). For such
purposes, beneficial ownership shall be determined in accordance with Section 13(d) of the Exchange Act and the rules and
regulations promulgated thereunder. This provision shall not restrict the number of Ordinary Shares which a Holder may
receive or beneficially own in order to determine the amount of securities or other consideration that such Holder may
receive in the event of a Fundamental Transaction as contemplated in Section 9 of this Warrant. This restriction may not be
waived. Notwithstanding anything to the contrary contained in this Warrant, (a) no term of this Section may be waived by any
party, nor amended such that the threshold percentage of ownership would be directly or indirectly increased, (b) this
restriction runs with the Warrant and may not be modified or waived by any subsequent holder hereof and (c) any attempted
waiver, modification or amendment of this Section will be void ab initio.

 

13.
Demand Registration Rights. The Company hereby grants to the Holder a one-time demand registration right for three (3) years
from the Original Issuance Date with respect to the Warrant Shares at the Company’s expense.

 

14.
“Piggy-Back” Registration Rights. The Holder shall have the right, for a period of three (3) years from
the Original Issue Date, to include the Ordinary Shares underlying the Warrants (the “Registrable Securities”) as
part of any other registration of securities filed by the Company (other than in connection with a transaction contemplated
by Rule 145(a) promulgated under the Securities Act or pursuant to Form S-8 or any equivalent form); provided, however, that
if, solely in connection with any primary underwritten public offering for the account of the Company, the managing
underwriter(s) thereof shall, in its reasonable discretion, impose a limitation on the number of Ordinary Shares underlying
the Warrants which may be included in the registration statement because, in such underwriter(s)’ judgment, marketing
or other factors dictate such limitation is necessary to facilitate public distribution, then the Company shall be obligated
to include in such registration statement only such limited portion of the Registrable Securities with respect to which the
Holder requested inclusion hereunder as the underwriter(s) shall reasonably permit. Any exclusion of Registrable Securities
shall be made pro rata among the Holders seeking to include Registrable Securities in proportion to the number of Registrable
Securities sought to be included by such Holders; provided, however, that the Company shall not exclude any Registrable
Securities unless the Company has first excluded all outstanding securities, the holders of which are not entitled to
inclusion of such securities in such registration statement or are not entitled to pro rata inclusion with the Registrable
Securities. The Holders shall be entitled to unlimited piggy-back registration rights pursuant to this Section 12(b). Any
holder of Registrable Securities may elect to withdraw such Holder’s request for inclusion of Registrable Securities in
any piggy-back registration by giving written notice to the Company of such request to withdraw prior to the effectiveness of
the registration statement. The Company (whether on its own determination or as the result of a withdrawal by persons making
a demand pursuant to written contractual obligations) may withdraw a registration statement at any time prior to the
effectiveness of the registration statement. Notwithstanding any such withdrawal, the Company shall pay all expenses incurred
by the Holders of Registrable Securities in connection with such piggy-back registration as provided in this Section 13. The
Company shall bear all fees and expenses attendant to registering the Registrable Securities pursuant to this Section 13,
including the reasonable and documented expenses of a single legal counsel selected by the Holders to represent them in
connection with the sale of the Registrable Securities, but the Holders shall pay any and all underwriting commissions or
brokerage fees related to the Registrable Securities. In the event of such a proposed registration, the Company shall
furnish the then Holders of outstanding Registrable Securities with not less than fifteen (15) days written notice prior to
the proposed date of filing of such registration statement. Such notice to the Holders shall continue to be given for each
registration statement filed by the Company until such time as all of the Registrable Securities have been sold by the
Holder. The holders of the Registrable Securities shall exercise the “piggy-back” rights provided for herein by
giving written notice, within ten (10) days of the receipt of the Company’s notice of its intention to file a
registration statement. The Company shall use its commercially reasonable efforts to cause any registration statement filed
pursuant to the piggyback right granted under this Section 13 to remain effective for a period of at least nine (9)
consecutive months from the date that the Holders of the Registrable Securities covered by such registration statement are
first given the opportunity to sell all of such securities.

 

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15. No
Fractional Shares. No fractional Ordinary Shares will be issued in connection with any exercise of this Warrant. In lieu
of any fractional shares which would, otherwise be issuable, the Company shall pay cash equal to the product of such
fraction multiplied by the closing price of one Warrant Share as reported by the applicable Trading Market on the date of
exercise.

 

16. Notices.
Any and all notices or other communications or deliveries hereunder (including, without limitation, any Exercise Notice)
shall be in writing and shall be deemed given and effective on the earliest of (i) the date of transmission, if such
notice or communication is delivered via facsimile at the facsimile number specified in this Section prior to 6:30 p.m. (New
York City time) on a Trading Day, (ii) the next Trading Day after the date of transmission, if such notice or communication
is delivered via facsimile at the facsimile number specified in this Section on a day that is not a Trading Day or later than
6:30 p.m. (New York City time) on any Trading Day, (iii) the Trading Day following the date of mailing, if sent by nationally
recognized overnight courier service, or (iv) upon actual receipt by the party to whom such notice is required to be given.
The addresses for such communications shall be: (i) if to the Company, to Building B23-A, Universal Business Park, No. 10
Jiuxianqiao Road, Chaoyang District, Beijing, China 100015, Attn: Chief Executive Officer, or to Facsimile No.:
[____________] (or such other address as the Company shall indicate in writing in accordance with this Section), or (ii) if
to the Holder, to the address or facsimile number appearing on the Warrant Register or such other address or facsimile number
as the Holder may provide to the Company in accordance with this Section.

 

17. Warrant
Agent. The Company shall serve as warrant agent under this Warrant. Upon 10 days’ notice to the Holder, the Company
may appoint a new warrant agent. Any corporation into which the Company or any new warrant agent may be merged or
any corporation resulting from any consolidation to which the Company or any new warrant agent shall be a party or any
corporation to which the Company or any new warrant agent transfers substantially all of its corporate trust or shareholders
services business shall be a successor warrant agent under this Warrant without any further act. Any such successor warrant
agent shall promptly cause notice of its succession as warrant agent to be mailed (by first class mail, postage prepaid) to
the Holder at the Holder’s last address as shown on the Warrant Register.

 

18. Miscellaneous.

 

(a)
This Warrant shall be binding on and inure to the benefit of the parties hereto and their respective successors and assigns. Subject
to the preceding sentence, nothing in this Warrant shall be construed to give to any Person other than the Company and the Holder
any legal or equitable right, remedy or cause of action under this Warrant. This Warrant may be amended only in writing signed
by the Company and the Holder and their successors and assigns.

 

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(b)
All questions concerning the construction, validity, enforcement and interpretation of this Warrant shall be governed by and
construed and enforced in accordance with the internal laws of the State of New York, without regard to the principles of
conflicts of law thereof. Each party agrees that all legal proceedings concerning the interpretations, enforcement and
defense of this Warrant and the transactions herein contemplated (“Proceedings”) (whether brought against a party
hereto or its respective Affiliates, employees or agents) shall be commenced exclusively in the New York Courts. Each party
hereto hereby irrevocably submits to the exclusive jurisdiction of the New York Courts for the adjudication of any dispute
hereunder or in connection herewith or with any transaction contemplated hereby or discussed herein, and hereby irrevocably
waives, and agrees not to assert in any Proceeding, any claim that it is not personally subject to the jurisdiction of any
New York Court, or that such Proceeding has been commenced in an improper or inconvenient forum. Each party hereto hereby
irrevocably waives personal service of process and consents to process being served in any such Proceeding by mailing a copy
thereof via registered or certified mail or overnight delivery (with evidence of delivery) to such party at the address in
effect for notices to it under this Warrant and agrees that such service shall constitute good and sufficient service of
process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any
manner permitted by law. Each party hereto hereby irrevocably waives, to the fullest extent permitted by applicable law, any
and all right to trial by jury in any legal proceeding arising out of or relating to this Warrant or the transactions
contemplated hereby. If either party shall commence a Proceeding to enforce any provisions of this Warrant, then the
prevailing party in such Proceeding shall be reimbursed by the other party for its attorney’s fees and other costs and
expenses incurred with the investigation, preparation and prosecution of such Proceeding.

 

(c)
The headings herein are for convenience only, do not constitute a part of this Warrant and shall not be deemed to limit or affect
any of the provisions hereof.

 

(d)
In case any one or more of the provisions of this Warrant shall be invalid or unenforceable in any respect, the validity and
enforceability of the remaining terms and provisions of this Warrant shall not in any way be affected or impaired thereby and
the parties will attempt in good faith to agree upon a valid and enforceable provision which shall be a commercially
reasonable substitute therefor, and upon so agreeing, shall incorporate such substitute provision in this Warrant.

 

(e)
Prior to exercise of this Warrant, the Holder hereof shall not, by reason of being a Holder, be entitled to any rights of a shareholder
with respect to the Warrant Shares.

 

[REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK,

 

SIGNATURE
PAGE FOLLOWS]

 

    8

     

    

 

IN
WITNESS WHEREOF, the Company has caused this Warrant to be duly executed by its authorized officer as of the date first indicated
above.

 

	 	BORQS TECHNOLOGIES, INC.
	 	 
	 	By	 
	 		Name:
	 		Title:

 

[Signature
Page to Warrant]

 

     

     

    

 

EXERCISE
NOTICE

BORQS
TECHNOLOGIES, INC.

WARRANT
DATED ________

 

The
undersigned Holder hereby irrevocably elects to purchase _____ Ordinary Shares pursuant to the above referenced Warrant. Capitalized
terms used herein and not otherwise defined have the respective meanings set forth in the Warrant.

 

		(1)	The
                                         undersigned Holder hereby exercises its right to purchase _____ Warrant Shares pursuant
                                         to the Warrant.

 

		(2)	The
                                         holder intends that payment of the Exercise Price shall be made as:

 

_____
a “Cash Exercise” with respect to _____ Warrant Shares; and/or

 

_____
a “Cashless Exercise” with respect to _____ Warrant Shares.

 

		(3)	Pursuant
                                         to this Exercise Notice, the Company shall deliver to the holder _____ Warrant Shares
                                         in accordance with the terms of the Warrant.

 

		(4)	By
                                         its delivery of this Exercise Notice, the undersigned represents and warrants to the
                                         Company that in giving effect to the exercise evidenced hereby the Holder will not beneficially
                                         own in excess of the number of Ordinary Shares (determined in accordance with Section
                                         13(d) of the Securities Exchange Act of 1934) permitted to be owned under Section 12
                                         of this Warrant to which this notice relates.

 

	Dated:
    _________________________, __________	Name of Holder:
	 	 	 
	 	(Print) 	
	 	 	 
	 	By:	
	 	 	Name
	 	 	Title
	 	 	(Signature
    must conform in all respects to name of holder as specified on the face of the Warrant)

 

     

     

    

 

Warrant
Shares Exercise Log

 

	Date
	 	 	Number of Warrant Shares Available to be Exercised	 	 	Number of Warrant Shares Exercised
	 	 	Number of Warrant Shares Remaining to be Exercised
	 	 	 	 	 	 	 	 	 	 

 

     

     

    

 

BORQS
TECHNOLOGIES, INC.

WARRANT
DATED ________

WARRANT
NO. [___]

 

FORM
OF ASSIGNMENT

 

[To
be completed and signed only upon transfer of Warrant]

 

FOR
VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto _____ the right represented by the above-captioned Warrant
to purchase _____ Ordinary Shares to which such Warrant relates and appoints _____ attorney to transfer said right on the books
of the Company with full power of substitution in the premises.

 

	Dated:
    __________________, __________	 	
	 	 	(Signature
    must conform in all respects to name of holder as specified on the face of the Warrant)
	 	 	 
	 	 	
	 	 	

                                                                                Address of Transferee:

	 	 	 
	 	 	 
	 	 	 
	 	 	
	 	 	 
	In
    the presence ofEXHIBIT 10.18

 

BANGALORE AFFIX STAMP DUTY RS 300/-

 

VENDOR MASTER SERVICES AGREEMENT

NUMBER BOR-189677

 

THIS VENDOR MASTER
SERVICES AGREEMENT (the “Agreement”) is entered into on ____________ and effective as of July 5, 2013 (the “Effective
Date”) between QUALCOMM INDIA PRIVATE LTD., a company constituted under the laws of India and having its registered office
at DEF Centre. 3rd Floor. Parliament Street. New Delhi India 110001 and having its place of business at Building No.8. 5th floor.
Raheja IT Park Hitec City. Madhapur. Hyderabad Andhra Pradesh 500 081, India and its place of business at Plot No 125 — 127.
EPIP IInd Phase. Whitefield. Bangalore -560066 (hereinafter referred to as “Qualcomm” which expression shall. unless
repugnant to the context or meaning thereof, be deemed to mean and include the successors and permitted assigns of Qualcomm India
Private Ltd., as well as divisions, subsidiaries and affiliates of Qualcomm India Private Ltd. and their successors and assigns),
and Borqs Software Solutions Pvt. Ltd., a company incorporated under the Companies Act 1956, having its registered office al Prestige
Al Kareem. Ground Floor. 113 Edward Road. Bangalore 560052. India (hereinafter referred to as “Service Provider” which
expression shall. unless repugnant to the context or meaning thereof. be deemed to mean and include its successors and permitted
assigns). Qualcomm and Service Provider are hereinafter referred to in this Agreement individually as a “Party” and collectively
as “Parties”.

 

In consideration of
the promises and mutual covenants set forth below, and for other valuable consideration, the receipt and sufficiency of which the
Parties hereby acknowledge, the Parties agree as follows:

 

		1.	SERVICES

 

Service Provider shall
provide services in accordance with the terms and conditions of this Agreement (“Services”). Such Services shall be performed
pursuant to statement(s) of work mutually agreed upon and executed by the Parties, which will set forth the detailed description
of the work. Schedules, deliverables and consideration for each project authorized under this Agreement (each a “SOW”).
Services will he provided from the Service Provider’s facility in accordance with the terms of this Agreement and any applicable
SOW.

 

To the extent that
an affiliate of Qualcomm requests Services and executes a SOW with Service Provider under this Agreement the Service Provider and
that affiliate shall be deemed to have executed a Vendor Master Services Agreement on identical terms as this Vendor Master Services
Agreement except that references to Qualcomm shall he deemed to be references to the affiliate.

 

		2.	CONSIDERATION

 

All Services shall
he paid for in accordance with Exhibit A (Service Fees and Reimbursement) and the applicable SOW. Except as authorized and
ordered by a fully-executed shall not be obligated to compensate Service Provider for services provided, items or data delivered,
or costs incurred, and Service Provider shall not be obligated to perform or deliver services, or otherwise incur costs.

 

		3.	DELAYS

 

Service Provider shall
notify Qualcomm immediately in writing of any delay or anticipated delay in its performance of Services, the reason for and anticipated
length of the delay, and an initial proposal for remedying the delay. The Parties may in their sole discretion, extend the date
of performance in a writing signed by both Parties. Service Provider shall not be eligible under any circumstances for additional
consideration due to any such extension of time unless otherwise agreed to in writing by Qualcomm in its sole discretion.

 

     

     

    

 

		4.	ACCEPTANCE

 

Service Provider shall
provide each deliverable required in a SOW for acceptance by Qualcomm. Any relevant acceptance criteria will be described in such
SOW. Acceptance of the Services or any deliverable shall occur upon Qualcomm providing written acceptance of all deliverables required
under such SOW. Service Provider acknowledges that Qualcomm’s payment in accordance with the SOW does not constitute acceptance.
Such acceptance will occur only as stated in this Section 4 or by way of a fully-executed SOW.

 

		5.	SERVICES

 

(a) Performance.
The manner and means by which Service Provider chooses to complete the Services are in Service Provider’s sole control: provided,
however, that Service Provider shall perform the Services to the satisfaction of Qualcomm and in accordance with the highest standards
of professionalism in Service Provider’s industry and that Service Provider has performed a background check of all Service Provider’s
employees/personnel that will have access to the Qualcomm network and data. In performing the Services. Service Provider shall
provide its own equipment, tools and other materials at its own expense and shall determine the appropriate location, place and
time for such performance. Qualcomm shall not be responsible I’m any loss to an) of the Service Provider’s equipment, tools and
other materials during the performance of Services. Qualcomm shall notify Service Provider ii Qualcomm believes that the performance
or conduct of any person employed, hired or retained by Service Provider to perform under this Agreement is unsatisfactory. Within
two (2) business days of receiving Qualcomm’s notice. Service Provider shall take such actions as necessary to implement a remedial
plan to substantially improve the performance or conduct of such person or shall reassign and replace such person.

 

(b) Dedicated
Personnel. Both Parties agree that continuity of Service Provider’s personnel assigned to perform the Services is essential
for timely completion and quality of the Services. To the extent it is commercially reasonable, those personnel assigned to perform
the Services shall continue to do so. In the event that a change of personnel is required. Service Provider shall: (i) immediately
notify Qualcomm of such a change, (ii) ensure that a lull knowledge transfer occurs between new and incumbent personnel without
cost to Qualcomm, and (iii) ensure that any new personnel have the skills and experience necessary to perform the Services.

 

(c) Subcontractors.
Service Provider shall perform the Services only through its employees. Should there be any requirement for Services to he performed
by third-party subcontractors. Service Provider shall first obtain prior written consent from Qualcomm procurement or legal and
ensure that all subcontractors execute written agreements with Service Provider containing provisions necessary to comply with
Sections 7 (Confidentiality), 8 (Proprietary Rights). 9 (Representations, Warranties and Conditions) and 14 (Export Compliance
Assurance) of this Agreement. Service Provider shall at all times be responsible for the acts and omissions of subcontractors and
personnel directly or indirectly employed by them and the performance or all the Services, whether performed by Service Provider
or its subcontractors. This Agreement shall not give rise to any contractual relationship between Qualcomm and a subcontractor
to Service Provider, unless Qualcomm chooses in its discretion to join as a party to the agreement entered into between the Service
Provider and the subcontractor in which case Service Provider shall ensure that the necessary agreements are signed to protect
Qualcomm’s rights and remedies against such subcontractor. Qualcomm shall not undertake any obligation to pay or to be responsible
for the payment or any sums or provision of any amenities to any subcontractor or its employees or personnel. Service Provider
shall indemnify Qualcomm and hold Qualcomm harmless against all losses, damages, expenses and costs incurred or suffered by Qualcomm
directly or indirectly attributable to any act or omission on the part of any subcontractor.

 

    	 	2	 

     

    

 

(d) Obligations
of Service Provider

 

		(i)	Compensation and Benefits to Employees/Personnel and Applicable Taxes. All employees/personnel
shall be employees or the Service Provider. Service Provider will he required to confirm the employees/personnel status on the
Employees/Personnel Confirmation Form (Exhibit B). Service Provider shall be solely responsible for (1) payment or all compensation
to the employees/personnel in compliance with all applicable laws. (2) the withholding or all applicable taxes from such compensation
and the payment of all such withheld amounts to the appropriate agencies or authorities within the statutory timeline stipulated,
and of all legally required payments including, but not limited to income tax, provident fund, gratuity, employee State Insurance
and labour welfare fund contributions (Service Provider shall produce receipts evidencing such payments as and when required by
Qualcomm). (3) providing the employees/personnel with all benefits required by and under relevant law, including but not limited
to Provident Fund, gratuity, bonus and maternity benefit and medical bonus, to the extent applicable, and additionally providing
the employees/personnel with all necessary and appropriate benefits commensurate with their employment by the Service Provider.

 

		(ii)	Compliance with Qualcomm’s Safety and Security Rules. Service Provider agrees that it employees/personnel
will at all times comply with all known safety and security rules and regulations reasonably established by Qualcomm.

 

		(iii)	Compliance With Applicable Laws. Service Provider agrees and warrants that it will comply
with all requirements of all applicable laws, regulations or standards applicable to its properties, employees/personnel or the
operation of its business. Qualcomm shall have no liability for any of Service Providers debts, liabilities or obligations including
the Service Providers liability for (1) non procurement of any applicable license and generally not complying with applicable laws
: (2) non-compliance with the Maternity Benefit Act including payment of maternity benefits and other obligations thereunder: (3)
lack of registration under the relevant state Shops and Establishments legislation and compliance with the provisions set out thereunder
and (4) non- compliance with laws relating to Provident Fund. Gratuity, Employee State Insurance, bonus and labour welfare fund
contributions and other statutory benefits, to the extent applicable.

 

		(iv)	Work Authorization. Service Provider represents that, prior to placement of each employees/personnel,
it has verified employment authorization for each such employees/personnel who will he providing services to Qualcomm for the duration
of the assignment. In the case of foreign nationals needing sponsored work authorization. Service Provider shall obtain and shall
ensure proper work authorization remains in force for all employees/personnel who are providing services to Qualcomm. Qualcomm
reserves the right to request further documentation and to conduct audits to ensure that Service Provider is in compliance with
the Indian immigration and work permit laws.

 

    	 	3	 

     

    

 

		(v)	Employees/Personnel Background Checks. Qualcomm at its sole discretion, may conduct background
checks or request Service Provider to conduct background checks. Qualcomm will inform Service Provider if any background check
is required and prior to any Qualcomm background check being initiated.

 

		(vi)	Inadvertent or Intentional Disclosures. For the purpose of avoiding any inadvertent or intentional
disclosures of Qualcomm’s proprietary or confidential information by employees/personnel: (1) during any period of time that the
employees/personnel arc performing Services under this Agreement, such employees/personnel shall not be performing services for
any third party without the express written authorization of the Qualcomm Program Manager:

 

		(vii)	Compliance with Anti-Corruption Laws. Service Provider represents and warrants to Qualcomm
that, in connection with the transactions contemplated by this Agreement or in connection with any other business transactions
involving Qualcomm, Service Provider, and everyone acting on its behalf including its employees/personnel, will comply with and
will not violate any Indian or other anti-corruption law or international anti-corruption standards. including but not limited
to the U.S. Foreign Corrupt Practices Act, in connection with the services it has agreed to perform under this Agreement Service
Provider represents and warrants to Qualcomm that Service Provider has not, and covenants and agrees that it will not in connection
with the transactions contemplated by this Agreement or in connection with any other business transactions involving. Qualcomm
make, promise, or offer to make any payment or transfer anything of value, directly or indirectly to any individual to secure an
improper advantage. It is the intent of the panics that no payments or transfer of value shall be made which have the purpose or
effect of public or commercial bribery acceptance of or acquiescence in extortion, kickbacks, or other unlawful or improper means
or obtaining or retaining business.

 

		(viii)	Remedies for Violation of Obligations of Service Provider / Remedies Nonexclusive. If Service
Provider violates any of the provisions of this Clause 5 (Obligations of Service Provider) with respect to any employees/personnel,
Service Provider agrees that as a nonexclusive remedy Qualcomm is entitled to deduct all prior lees paid by Qualcomm to Service
Provider for each such employees/personnel. Service Provider also agrees that Qualcomm may deduct such lees from any outstanding
or future invoices of Service Provider. The panics agree that the remedies listed in this section are in addition to any other
remedies available to Qualcomm in law, equity or pursuant to this Agreement.

 

		6.	CHANGES

 

From time to time
during the course of performing the Services, either Party may submit to the other Part) a written request for a change in
the Services (a “Change Request”). Neither Party shall be obligated by any Change Request unless agreed in
writing by both Parties. Service Provider shall not commence work related to any Change Request until executed by both
Parties. Service Provider expressly waives any consideration or payment for any change not authorized in writing by
Qualcomm.

 

    	 	4	 

     

    

 

		7.	CONFIDENTIALITY

 

(a) Qualcomm
Confidential Information. Qualcomm may from time to time communicate to Service Provider, or Service Provider may otherwise
gain access to certain confidential information, including but not limited to business and/or technical information with respect
to Qualcomm’s operations, business plans and/or intellectual property (the “Information”). In addition to any other confidentiality
obligations that apply to such Information in any separate non-disclosure agreement entered into by the Parties for Services performed
under this Agreement (as per format provided by Qualcomm), Service Provider and its employee/personnel shall treat all Information
as confidential, whether or not so identified, and shall not disclose, or permit the disclosure of any Information without the
prior written consent of Qualcomm. Service Provider shall limit the use and disclosure of the Information within its organization
to the extent necessary to perform the Services. By agreement, • Service Provider shall ensure that any of its personnel/employees
or others to whom it gives access to the Information under the terms or this Agreement shall (i) have executed an Acknowledgment
of Proprietary Information and Confidentiality Obligations written agreement with Service Provider as per Exhibit C hereto prior
to the date that any such personnel/employees performs any services at Qualcomm and shall provide a signed copy of each such form
to Qualcomm and (ii) at the request of Qualcomm, shall execute a written agreement directly with Qualcomm obligating such employees
/personnel to comply with the obligations of confidentiality set forth in this Section 7. The terms of this Agreement are in addition
to the Icons of any nondisclosure agreement currently in effect between Qualcomm and Service Provider, and in the event °fatty
inconsistency between the terms of such agreements those terms which are most protective of the Information shall prevail. Notwithstanding
the foregoing, Service Provider may disclose Information to Qualcomm-approved subcontractors or Service Provider, provided that
(i) Service Provider notifies Qualcomm in advance that Service Provider desires to make such disclosure to such subcontractor and
has received from Qualcomm a written approval for the making of such disclosure, (ii) Service Provider warrants that all Information
to be disclosed to such subcontractor shall be disclosed on a strict need-to-know basis only and (iii) each Qualcomm-approved subcontractor
has agreed in writing to be under a contractual duty to hold Information disclosed by Service Provider to them, and any Work Product
(as defined below) provided by such subcontractor to Qualcomm. confidential to Qualcomm, at least to the same extent as Service
Provider is obligated to keep such Information confidential to Qualcomm under this Agreement including under the terms of any separate
non-disclosure agreement entered into by the Parties for Services to be performed under this Agreement. Service Provider shall
be responsible for any improper disclosure or use of Information made by any such subcontractors to the same extent as it- Service
Provider itself had made such improper disclosure or use. Furthermore. Service Provider agrees, at its sole cost and expense, to
undertake all measures (including but not limited to the potential immediate initiation of any court proceedings) to restrain such
subcontractors from any prohibited or unauthorized disclosure or use of the Information. The foregoing obligations of this Section
7 shall not apply to any Information that has been or is, through no fault of Service Provider hereafter disclosed in publicly
available sources of information. The terms of this Agreement are in addition to the terms of any separate nondisclosure agreement
in effect between Qualcomm and Service Provider, and in the event of any inconsistency between the terms or such agreements, those
terms which are most protective of the Information shall prevail. With respect to work or other activities to be performed by or
for Service Provider under this Agreement, the terms in any such separate nondisclosure agreement between Qualcomm and Service
Provider shall be binding for the longer of (i) the termination date of this Agreement plus two (2) years thereafter, or (ii) the
term of such separate non-disclosure agreement.

 

    	 	5	 

     

    

 

(b) Confidentiality
of Work Product. Service Provider shall not disclose to any part), including but not limited to any subcontractor. without
the prior written consent of Qualcomm any of ( i) Service Provider’s works of authorship, discoveries, inventions and innovations
resulting from performance or the Services; (ii) any work in progress and all deliverables created issued or delivered to Qualcomm
under any SOW: or (iii) any proposals, research, records, reports, recommendations, manuals, training materials, findings, evaluations,
forms, reviews, information, data, computer programs and software originated or prepared by Service Provider for or in the performance
or the Services (the items listed in clauses (i), (ii), and (iii) being hereinafter referred to collectively- and severally as
“Work Product”).

 

(c) Terms
of Agreement. Without the express prior written consent of Qualcomm Corporate Communications, Service Provider shall not make
use of any Qualcomm trademark, trade name or logo, or publicize or disclose the existence or terms of this Agreement to any third
party (other than its accountants and attorneys) by any method including but not limited to any news release, advertisement, publicity
or promotional material, except as required by law or a valid court order.

 

		8.	PROPRIETARY RIGHTS

 

(a) Rights
to Information. Service Provider acknowledges and agrees that all Qualcomm Information shall remain the property of Qualcomm
and no license, express or implied, to use an) of Qualcomm’s Information or other intellectual property is granted under this Agreement,
except as specifically required to perform the Services under this Agreement for Qualcomm.

 

(b) Works
Made for Hire. Service Provider hereby agrees that any Work Product which is a work of authorship (including but not limited
to any computer program or software) and has been created by Service Provider based on work performed by Service Provider under
this Agreement shall, to the maximum extent permitted tinder applicable law be a “work made for hire”. Such Work Product
shall be deemed to be a work that has been specially ordered or commissioned by Qualcomm for use as it’ applicable, a contribution
to a collective work, as part of an audiovisual work, as a translation, as a supplementary work, as a compilation and/or as an
instructional text. To the extent that any such Work Product is not a “work made for hire” under applicable law, then
all of Service Provider’s rights, title and interests in and to such Work Product, together with all intellectual property rights
embodied therein, shall stand assigned by Service Provider to Qualcomm pursuant to Section 8(e) below.

 

(c) Assignment
of Work Product. All Work Product shall be promptly communicated to Qualcomm. As consideration for the fees paid/to be paid
to Service Provider under this Agreement. Service Provider hereby assigns and agrees to assign in the future (when any such Work
Product is first reduced to practice or fixed in a tangible medium as applicable) to Qualcomm in substantially the same form of
assignment set forth in Exhibit C all of’ Service Provider’s rights. title and interest in and to all Work Product, and to any
and all intellectual property rights therein or relating thereto, including but not limited to all patents and copyrights which
have been or may be obtained with respect to such Work Product, effective immediately upon their conception, origination, creation,
preparation or discovery thereof and determined regardless of the medium of expression thereof. Service Provider shall communicate
to Qualcomm or its representatives all facts known to it respecting such Work Product. Further, whenever requested, Service Provider
and its employee/personnel immediately shall execute a confirmatory assignment letter as per Qualcomm requirements for any such
Work Product, together with any and all intellectual property rights therein or relating thereto, in such reasonable form as may
be satisfactory to Qualcomm. and the Service Provider and its employee/personnel shall testily in all legal proceedings, sign all
lawful papers and otherwise perform all acts necessary or appropriate to enable Qualcomm and its successors and assigns to obtain
and enforce all available legal protections for all such Work Product in all countries. All Work Product shall become the exclusive
property of Qualcomm and Service Provider and its employee/personnel shall be deemed to have assigned and relinquished all rights,
title and interest in and to such Work Product by virtue of this Section 8(c).

 

    	 	6	 

     

    

 

(d) Service
Provider Pre-Existing Intellectual Property. Qualcomm acknowledges that Service Provider may claim certain ownership rights
in or to certain know-how, trade secrets, plans, designs and construction information, processes and flowcharts, formulas. manufacturing
techniques, discoveries, inventions and ideas, product specifications, machinery, drawings, photographs, computer source codes,
equipment, devices, tools and apparatus and any other engineering or other technical information that is in existence prior to
the date of the Agreement, whether or not protected by law (“Pre-existing Intellectual Property”). To the extent that
any such Pre-Existing Intellectual Property is (i) incorporated into the Work Product and (ii) has expressly been identified to
Qualcomm in writing prior to the commencement of any Services hereunder such Pre-existing Intellectual Property shall remain the
property of Service Provider and Service Provider hereby grants on behalf of itself and its affiliates, to Qualcomm and its affiliates
a royalty-free fully paid-up, non-exclusive, unrestricted, unconditional, irrevocable, perpetual, worldwide right and license,
with the right to sublicense to use, execute, reproduce, display perform. distribute copies of modify and prepare derivative works
based upon such Pre-Existing Intellectual Property as may be necessary for Qualcomm to use the Work Product, including but not
limited to Qualcomm’s right to provide such Pre-Existing Intellectual Property as embedded in final deliverables comprising the
Work Product, to other third parties. This right and license also includes the right to make, have made use, sell, offer to sell,
import and otherwise dispose of such Pre-Existing Intellectual Property under any patents that Service Provider or any of its affiliates
owns controls or otherwise possesses a right to grant any rights thereunder or thereto.

 

(e) No
License to Qualcomm Patents. Nothing in this Agreement shall be deemed to grant any rights (whether express. or by way of implication
or estoppel or otherwise) under any patents patent applications or inventions of Qualcomm or any or its affiliates. Service Provider
hereby acknowledges and agrees that it has no right by virtue of this Agreement to commercialize any product or service, or to
offer to sell, sell, import or otherwise dispose of any product or service. Each party acknowledges and agrees that the exclusion
of any rights from this Agreement with respect to the patents, patent applications and inventions of Qualcomm and its affiliates
is not a derogation of the benefits of the rights provided in this Agreement, and that neither party shall take any inconsistent
or contrary position as to this matter.

 

		9.	REPRESENTATIONS, WARRANTIS AND CONDITIONS

 

(a) Right
to Perform Services. Service Provider represents and warrants that it has the full right, power and authority to enter into
this Agreement and perform the Services and its other obligations hereunder, and that its execution of this Agreement and its performance
or the Services shall not result in a breach of or default under any other agreement to which Service Provider is a party or by
which it is bound.

 

(b) Conflicts
of Interest; Compliance with Laws. Service Provider represents and warrants that it shall not, during the term of this Agreement,
accept any work or enter into any agreement or obligation inconsistent or incompatible with Service Provider’s obligations under
this Agreement. Also. Service Provider represents and warrants that during the term of this Agreement, Service Provider shall remain
in full compliance with all applicable laws, regulations and permit requirements, including but not limited to labor, safety, human
rights and environmental laws.

 

(c) Open
Source. Except as expressly permitted in a Statement of Work entered into with Qualcomm India Private Ltd. (“Qualcomm”)
and solely with respect to software identified by Qualcomm in such Statement of Work as “open source”. Service Provider
hereby agrees and shall cause its affiliates and subcontractors to agree. not to incorporate, link, distribute or use any third
party software or code in conjunction with any Work Product or deliverable provided to Qualcomm under this Agreement (if any) in
such a way that: (i) creates, purports to create or has the potential to create, obligations with respect to any Qualcomm software,
including without limitation the distribution or disclosure of any source code: or (ii) grants, purports to grant, or has the potential
to grant to any third party any rights to or immunities under any Qualcomm intellectual property or proprietary rights. Without
limiting the generality of the foregoing, neither Service Provider nor any of its affiliates or subcontractors shall incorporate,
link, distribute or use, in conjunction with the Work Product or any deliverable provided to Qualcomm, any code or software licensed
under the GNU General Public License (“GPI.’”). Lesser General Public License (“LGPL”), Affero GPL (AGPL),
European community Public license (“ECPL”), Mozilla or any other open source license in any manner that could cause
or could be interpreted or asserted to cause any Qualcomm software (or any modifications thereto) to become subject to the terms
or the GPL, LGPL, Mozilla or such other open source license.

 

    	 	7	 

     

    

 

Without limiting the
generality of the foregoing, neither Service Provider nor any of its affiliates or subcontractors shall use any software or technology
in a manner that will cause any patents. copyrights or other intellectual property which are owned or controlled by Qualcomm or
any of its affiliates (or for which Qualcomm or any of its affiliates has received license rights) to become subject to any encumbrance
or terms and conditions of any third party or open source license (including, without limitation, any open source license listed
on http://www.opensource.org/licenses/alphabetical) (each an “Open Source License”). These restrictions, limitations,
exclusions and conditions shall apply even if’ Qualcomm or any of its affiliates becomes aware of or fails to act in a manner to
address any violation or failure to comply therewith. No act by Qualcomm or any of its affiliates that is undertaken under this
Agreement shall be construed as being inconsistent with the intent to not cause any patents, copyrights or other intellectual property
that are owned or controlled by Qualcomm or any of its affiliates (or for which Qualcomm or any of its affiliates has received
license rights) to become subject to any encumbrance or terms and conditions of any Open Source license. Notwithstanding the terms
and conditions set forth in this paragraph, Service Provider may cause such copyrightable material expressly identified by Qualcomm
in an SOW to become subject to the terms and conditions of an Open Source License that is expressly approved by Qualcomm in such
SOW (or in accordance with the open source training provided by Qualcomm to Service Provider). For the avoidance of doubt, Service
Provider may not subject -Qualcomm Technologies, Inc.” software (and any and all Intellectual Property Rights therein) to
the terms of an Open Source License.

 

(d) Proprietary
Rights. Service Provider represents and warrants that 0) the Work Product shall he an original work of Service Provider
and in performing the Services and furnishing Work Product, Service Provider shall not violate the proprietary rights of any
third party: (ii) Service Provider has not transferred or assigned to any third party any proprietary rights in the Work
Product: (iii) no portion of the Work Product shall be subject to any lien, encumbrance, security interest, or other
restriction of any nature: and (iv) Service Provider has all rights necessary to grant to Qualcomm licenses to Service
Provider’s Pre-Existing Intellectual Property.

 

(e) Services
Warranty. Service Provider represents and warrants that all Services provided under this Agreement shall be performed in
a timely manner and in accordance with highest applicable industry, government and professional standards. As a remedy for
breach of the foregoing warranty. Qualcomm may elect. at Qualcomm’s option: (i) the re-performance of any Services not
in compliance with this warranty at no additional cost to Qualcomm; or (ii) refund to Qualcomm of the purchase price of the
Services. Notwithstanding the foregoing, this Section 9(e) in no way limits the other remedies available to Qualcomm under
this Agreement.

 

(f) Work
Product Warranty. Service Provider represents and warrants that all Work Products delivered shall be free from defects in workmanship
and materials and shall be fit for the purposes for which such Work Products are intended. As a remedy for breach of the foregoing
warranty. Qualcomm may elect, at Qualcomm’s option: (i) the replacement of non-conforming Products or work, which shall be accomplished
by Service Provider at no charge to Qualcomm (ii) repair modification or adaptation of the non-conforming Work Products at Service
Provider’s expense, or (iii) return of the non-conforming Work Products to Service Provider and a lull refund to Qualcomm of the
aggregate purchase price paid therefore.

 

    	 	8	 

     

    

 

(g) Compliance
with Anti-Corruption Laws. Service Provider represents and warrants to Qualcomm that in connection with the transactions contemplated
by this Agreement or in connection with any other business transactions involving Qualcomm. Service Provider, and everyone acting
on its behalf, will comply with and will not violate any Indian or other anti-corruption law or international anti-corruption standards,
including but not limited to the U.S. Foreign Corrupt Practices Act, in connection with the services it has agreed to perform under
this Agreement. Service Provider represents and warrants to Qualcomm that Service Provider has not, and covenants and agrees that
it will not, in connection with the transactions contemplated by this Agreement or in connection with any other business transactions
involving Qualcomm, make, promise, or offer to make any payment or transfer anything of value, directly or indirectly, to any individual
to secure an improper advantage. It is the intent of the parties that no payments or transfer of value shall he made which have
the purpose or effect of public or commercial bribery, acceptance of or acquiescence in extortion, kickbacks, or other unlawful
or improper means of obtaining or retaining business.

 

(h)Disclaimer
and Limitation of Liability.EXCEPT AS OTHERWISE EXPLICITY SET FORTH IN THIS SECTION 9, NEMIER PARTY MAKES ANY REPRESENTATIONS,
WARRANTIES OR CONDITIONS OF ANY KIND. EMIER EXPRESS OR IMPLIED, STATUTORY OR OTHER WISE, INCLUDING, BUT NOT LIMITED TO. THE WARRANTIES
OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. F.XCEITI. FOR CONTRACTOR’S OBLIGATIONS UNDER SECTIONS 7 (CONFIDENTIALITY).
8 (PROPRIETARY RIGI ITS) 9 (REPRESENTATIONS, WARRANTIES AND CONDITIONS) AND 10 (INDEMNIFICATION), NEITHER PARTY SHALL BE LIABLE
FOR ANY SPECIAL. INCIDENTAL INDIRECT, EXEMPLARY OR CONSEQUENTIAL DAMAGIES ARISING OUT OF THIS AGREEMENT OR ANY RESULTING OBLIGATIONS,
WHETHER IN AN ACTION FOR OR ARISING OUT OF BRF.ACII OF CONTRACT. TORT OR ANY OTHER CAUSE OF ACTION. AND EVEN IF INFORMED OF THE
POSSIBILITY OF SUCH DAMAGES. EACH PARTY AGREES THAT THESE LIMITATIONS SHALL APPLY NOTWITHSTANDING THE FAILURE OF AN ESSENTIAL PURPOSE
OF ANY LIMITED REMEDY.

 

		10.	INDEMNIFICATION

 

Service Provider shall
defend, indemnify and hold Qualcomm. its affiliates and each of their respective officers, directors, employees, affiliates, agents
and customers (each an -Indemnified Party-) harmless from and against any and all claims, losses, liabilities, damages, costs and
expenses (including attorneys’ fees) arising from or related to (i) any breach or alleged breach by Service Provider of this Agreement
including any representations and warranties made by Service Provider in this Agreement, (ii) any non-compliance with applicable
law (iii) any negligence, recklessness, willful or intentional act or omission of Service Provider or any of its employees agents.
representatives or subcontractors in the performance of the Services (at Qualcomm’s facilities or elsewhere) and (iv) any payments
or liabilities for which Service Provider is or becomes liable (as described in Section 12 below). If any third party asserts or
initiates any claim or action against any Indemnified Party for which Service Provider is responsible for indemnification under
this Section 10. Qualcomm will promptly notify Service Provider of such claim or action where it becomes aware, provided however
Qualcomm’s failure to provide such notice thereof in a prompt manner to Service Provider shall not relieve Service Provider from
any obligations owed hereunder, except to the extent that Service Provider has been materially prejudiced by Qualcomm’s failure
in giving such prompt notice. Qualcomm shall have the right to participate at its own expense in the defense of such claim or action,
including any related settlement negotiations. No such claim or action shall be settled or compromised without Qualcomm’s express
written consent which consent may be withheld or conditioned by Qualcomm at its sole discretion, including requiring the execution
of a full and complete release or all claims and actions made against the Indemnified Parties by each party bringing any such claims
or actions. Qualcomm shall have the right to withhold from any payments due to Service Provider the amount of Qualcomm’s actual
and projected costs of defending or settling any such claim or action, plus any other reasonable additional amounts, as security
for the performance by Service Provider or its obligations under this Section 10.

 

    	 	9	 

     

    

 

		11.	INSURANCE

 

Service Provider shall
maintain at its sole expense during the term of this Agreement: (i) Workers’ Compensation insurance as prescribed by the law of
the state or nation in which the Work is performed; (ii) employer’s liability insurance with limits of at least US $1,000010 or
equivalent to INR 45,000,000, for each occurrence; (iii) automobile liability insurance if the use of motor vehicles is required,
with limits of at least US $1,000,000 or equivalent to INR 45,000,000 combined single limit for bodily injury and property damage
per occurrence: (iv) Commercial General Liability (“CGL”) insurance, including Blanket Contractual Liability and Broad
Form Property Damage, with limits of at least US$1,000,000 or equivalent to INR 45,000,000 combined single limit for bodily injury
and property damage per occurrence; (v) in the event that Service Provider’s employee(s) or subcontractor(s) are providing Services
on Qualcomm premises, a fidelity bond (which includes third party liability) insuring against the dishonest act(s) committed by
its employees assigned to Qualcomm’s premises under this Agreement. Service Provider shall maintain such fidelity bond in the amount
of not less than US $1,000,000 or equivalent to INR 45,000,000. Service Provider shall have all CO. and automobile liability insurance
policies endorsed to name Qualcomm as an additional insured. All such insurance must be primary and non-contributory and shall contain
a provision waiving the insurer’s right of subrogation against Qualcomm. Prior to the commencement of any services, Service Provider
will furnish Qualcomm with certificates of’ insurance which evidence the minimum levels of’ insurance set forth above. Qualcomm
shall be notified in writing at least thirty (30) days prior to cancellation of or any change in the policy. Insurance companies
providing coverage under this Agreement must be rated by | A-M Best | with at least an A-VII rating or equivalent rating in that
state or nation.

 

		12.	RELATIONSHIP OF THE PARTIES

 

(a) The Parties expressly
intend and agree that Service Provider is acting as an independent contractor and not as an agent, employee or partner of Qualcomm.
Service Provider understands and agrees that it shall not be entitled to any of the rights and privileges established for Qualcomm’s
employees, including but not limited to retirement benefits; medical, life insurance or disability coverage: severance pay; and
paid vacation or sick pay. Service Provider understands and agrees that Qualcomm shall not pay or withhold from the tees paid to
Service Provider any sums customarily paid or withheld for or on behalf of employees for income tax, unemployment insurance, social
security, workers compensation, or any other payroll or similar employment withholding tax, insurance or payment, and all such
payments as may he required by law are the sole responsibility of Service Provider. Service Provider shall he solely responsible
for all tax returns and payments required to be filed with or made to an. union, state or local las authority with respect to Service
Provider’s performance of the Services and receipt of lees under this Agreement. Qualcomm shall have no responsibility for any
of Service Provider’s debts, liabilities or other obligations or for the intentional, reckless or negligent acts or omissions of
Service Provider or Service Provider’s employees or agents.

 

(b) All employees/personnel
of the Service Provider shall remain the employees of the Service Provider and the Service Provider is and shall remain their employer.
Qualcomm shall in no form or manner be construed as the employer of the employees/personnel. Further, all employees/personnel shall
remain subject to the supervision and control of Service Provider, notwithstanding the fact that they may be performing services
on the premises of Qualcomm.

 

    	 	10	 

     

    

 

(c) Qualcomm shall
have no right or duty to compensate or remunerate or to hire or lire the employees/personnel of the Service Provider.

 

		13.	TERM AND TERMINATION

 

(a) Initial
Term. This Agreement shall become effective on the Effective Date and shall remain in effect until terminated in accordance
with this Section 13.

 

(b) Termination
for Convenience. Qualcomm may terminate this Agreement, or any SOW issued against it, at any time, with or without cause, effective
thirty (30) calendar days after written notice to Service Provider.

 

(c) Termination
for Cause. Service Provider may terminate this Agreement if Qualcomm breaches any material term or condition or this Agreement
and fails to cure such breach within thirty (30) days after receipt of written notice specifying the nature of the breach.

 

(d) Consequences
of Termination; Return of Qualcomm Property. Services to be performed pursuant to this Agreement or any SOW shall came immediately
upon any termination of this Agreement provided that Qualcomm may in its sole discretion permit any subsisting SOW to continue
upon such terms as it deems fit and kw this purpose and this purpose alone the Agreement may continue till the SOW is completed
/terminated. Upon expiration or termination of this Agreement or any SOW issued against it, if applicable, for any reason. Service
Provider shall within Iwo weeks: i) return to Qualcomm all equipment, and ii) either return all documents and other materials containing
any Qualcomm Information, all Work Product, and all copies thereof made by Service Provider or at Qualcomm’s written direction
certify destruction or the same. Qualcomm’s sole obligation shall be to pay Service Provider in accordance with Section 2 (Consideration)
the fees due for Services completed before such expiration or termination.

 

(e) Survival.
Those provisions, which by their nature arc intended to survive the termination or expiration or this Agreement shall survive the
termination or expiration or this Agreement.

 

		14.	EXPORT COMPLIANCE ASSURANCE

 

Service Provider acknowledges
that all hardware, software, source code and technology (collectively. “Products”) obtained from Qualcomm are subject
to the US government export control and economic sanction laws, including the Export Administration Regulations (“EAR”,
15 CFR 730 et seq.) administered by the Department of Commerce. Bureau of Industry and Security, and the Foreign Asset Control
Regulations (31 CFR 500 et seq.) administered by the Department of Treasury. Office of Foreign Assets Control (“OFAC”).

 

Service Provider assures
that it, its subsidiaries, affiliates and subcontractors will not directly or indirectly export, re-export, transfer or release
(collectively “Export”) any Products or direct product thereof to any destination, person, entity or end use prohibited
or restricted under US law without prior US government authorization to the extent required by regulation. The US government maintains
embargoes and sanctions against the countries listed in Country Groups E1/2 of the EAR (Supplement I to part 740). The Service
Provider agrees not to directly or indirectly employ any Product received from Qualcomm in missile technology, sensitive nuclear
or chemical biological weapons activities, or in any manner knowingly Export any Product to any party for such end use. Furthermore,
Service Provider shall not Export Products listed in Supplement 2 to part 744 of the EAR for military end-uses, as defined in part
744.21 to the People’s Republic of China. Service Provider shall not Export any Product to any party listed on any of the denied
parties lists or specially designated nationals lists maintained under said regulations without appropriate US government authorization
to the extent required by regulation. Service Provider acknowledges that other countries may have trade laws pertaining to the
Export, import, use, or distribution of Products, and that compliance with same is the responsibility of the Service Provider.

 

    	 	11	 

     

    

 

Service Provider agrees
to notify Qualcomm prior to delivery if Products to be delivered or sold to Qualcomm are subject to the International Traffic in
Arms Regulations (“ITAR”, 22 (CFR 120 et seq..________________________) or the Wassenaar International Munitions List
(“IMI” ____________________). Service Provider agrees it will notify Qualcomm Export Compliance Department via c-mail
at ____________________with Service Provider part number, purchase order number, and ITAR/IMI, number for Products subject to ’TAR
or NI compliance. Additionally, any Products controlled under the ITAR or IMI delivered to Qualcomm shall he marked in accordance
with US export law.

 

If Service Provider
supplies personnel employed, hired, assigned or retained by Service Provider to work on-site at a Qualcomm location and/or with
access to internal Qualcomm systems. Service Provider will first notify Qualcomm in writing via e-mail at if any such person is
a national or citizen of a country other than the US or those listed in Supplement 3 to part 740 of the EAR. Service Provider shall
be solely responsible for determining the nationality of IN employees and contractors.

 

Service Provider may
not subcontract work involving the transfer of Qualcomm Products unless and until the terms in this Section 14 have been provided
in writing to the subcontractor(s).

 

This Section 14 shall
survive the expiration or termination of this Agreement.

 

		15.	USE OF QUALCOMM PROPERTY

 

Should Qualcomm permit
Service Provider to use any of Qualcomm’s equipment, tools, or facilities during the term or this Agreement Service Provider shall
be responsible the any injury to any person (including death) or damage to property (including Qualcomm’s) arising out of’
use of such equipment tools or facilities whether or not such claim is based upon its condition or on the alleged negligence of
Qualcomm in permitting its use. Service Provider shall take all necessary precautions to prevent injury to any persons (including
employees or Qualcomm) or damage to property (including Qualcomm’s property) during the term of this Agreement. Unless already
so marked by Qualcomm, Service Provider shall identify and conspicuously mark all Qualcomm property as belonging to Qualcomm and,
upon request, shall promptly furnish Qualcomm with a list of all Qualcomm property being held by Service Provider.

 

		16.	RECORDS AND TAX INFORMATION

 

During the term of this Agreement and for
two (2) years thereafter. Service Provider shall maintain detailed and accurate records with respect to Service Provider’s performance
of the Services, shall maintain such records in the manner required by applicable law and shall make such records available to
Qualcomm upon Qualcomm’s request.

 

    	 	12	 

     

    

 

		17.	ORDER OF PRECEDENCE

 

Except as specifically
provided otherwise in this Agreement, in the event of any conflict between this Agreement and the other documents referenced herein,
the following order of precedence shall be controlling: (a) this Agreement, (b) any exhibit hereto (“Exhibit(s)”),
(c) any non-disclosure agreement between the Parties, (d) SOW, and (e) any Qualcomm purchase order. Notwithstanding the foregoing,
to the extent that the terms of a SOW explicitly override the terms of the Agreement, such SOW’s terms shall take primary precedence
with respect to performance of that SOW.

 

		18.	TAXES

 

(a) Unless
required by applicable law, all amounts due Service Provider shall he paid without deduction for any levies or charges of any nature
which may be imposed. Qualcomm will be solely responsible for any and all applicable taxes, including but not limited to sales
and use taxes, value added tax, excise tax, consumption tax, customs duties or similar charges or fees, and any funds received
by Service Provider from Qualcomm as payment for the foregoing taxes will be remitted by Service Provider to the applicable taxing
authority. At the request of Qualcomm, Service Provider will provide documentation reasonably satisfactory to Qualcomm evidencing
payment of such taxes by Service Provider to the applicable taxing authority.

 

(b) Notwithstanding
the foregoing, if Qualcomm is required by applicable law to withhold taxes from any payment due Service Provider, then the amount
due to Service Provider in respect to such payment shall be reduced by the amount of such withholding; then Qualcomm will deliver
to Service Provider a tax withholding certificate or similar documentation reasonably satisfactory to Service Provider evidencing
payment of any such withholding. Upon receipt by Service Provider of the tax withholding certificate, the portion of the invoice
represented by the tax withholding certificate will be deemed fully paid.

 

(c) Service
Provider shall provide to Qualcomm all documentation (including, without limitation, the necessary withholding application, form,
or residency certificate) required for the application of any applicable Double Taxation Agreement. Such documentation shall he
delivered promptly after Qualcomm’s request and it shall be true correct and complete as of the date or the delivery. If valid
documentation is not provided, the federal statutory withholding rate will be applied instead of the withholding rate provided
by the applicable Double Taxation Agreement. Service Provider acknowledges that California withholding will apply to Services performed
in the State of California unless Service Provider provides proper certification that it is exempt from California withholding
(e.g. Form 590).

 

		19.	WORK AUTHORIZATION

 

Service Provider represents
that, prior to commencing performance it has verified employment authorization for each Service Provider employee who will be providing
services to Qualcomm. In the case of foreign nationals needing sponsored work authorization. Service Provider shall obtain and
shall ensure proper work authorization remains in force for all Service Provider employees who are providing services to Qualcomm.

 

		20.	QUALCOMM’S HIRING POLICN AND NONCOMPETE:

 

(a) Qualcomm
shall not hire a Service Provider employee/personnel as an employee of Qualcomm before eighteen (18) months of Service Provider
employee/personnel assignment to the Services as described any Statement of Work have elapsed. Alter the eighteen (18) months of
Service Provider employee/personnel’s assignment to the Services as described in the Statement of Work have lapsed, or who
have resigned during or after the Services have been performed. Qualcomm shall be eligible to hire a maximum or six (6) engineers
in Engineering Band 1 and II over the course or the next twelve (12) month period and any subsequent twelve (12) month period thereafter.
Before rolling out the offer to Service Provider employee/personnel, the contractual representatives or both Qualcomm and the Service
Provider shall review the possible impact, if any of such hire by Qualcomm, on the contractual terms or on the Services as described
any relevant Statement or Work and waive any notice period requirements. Service Provider agrees that it will not have agreements
with the Service Provider employee/personnel that would prevent them from working for Qualcomm. The above section does not apply
to preexisting candidates of Qualcomm or temporary employees who are covered under the terms and conditions of a separate Staffing
Agreement between the Parties.

 

    	 	13	 

     

    

 

(b) The
Service Provider hereby agrees that it shall not in any manner assign/transfer/permit its employees/personnel who are providing
Services under this Agreement to provide similar or other services to a competitor of Qualcomm without the express prior written
consent of Qualcomm and without an agreed cool off period. In the event that a cool off period is not identified it will be deemed
to be a period of at least six months after provision of services to Qualcomm. It is agreed that the said provision will not apply
in the event of cessation of service/voluntary termination on the part of the personnel/employee of the Service Provider however
the Service Provider shall make good faith efforts to notify Qualcomm in the event that it becomes aware of any of its earlier
personnel/employees taking up employment with a Qualcomm competitor.

 

		21.	GENERAL PROVISIONS

 

(a) Notices
and Invokes. All notices given by either Party under this Agreement must be in writing and delivered by postage prepaid certified
mail (return receipt requested) overnight courier, or facsimile with confirmation, to the address first set forth above on page
one with cc to:

 

	QUALCOMM India Private Limited	Borqs Software Solutions Pvt. lid.
	Attn: Qualcomm’s Legal Counsel	Ann: Hareesh Ramanna
	DEF Centre. 3"1 Floor. Parliament Street.	Prestige Al Kareem. Ground Floor,
	New Delhi, India 110001	#3 Edward Road, Bangalore - 560052
	 	India

 

And a copy to

 

QUALCOMM India Private Limited

Plot No 125 - 127. EPIP IInd Phase, Whitefield,
Bangalore -560066

Attn: Legal Counsel

 

Notices will be effective
upon receipt or when delivery is refused. Each Party may change its address by giving notice to the other Party of the new address.

 

(b) Assignment.
Service Provider shall not assign any of its rights or obligations under this Agreement without the express prior written consent
of Qualcomm: any attempted assignment in violation of the foregoing shall be void. This Agreement shall he binding upon and inure
to the benefit of the Parties and their successors and permitted assigns.

 

At no additional cost and without the prior
consent of Service Provider, Qualcomm shall have the right to assign this Agreement or any rights, obligations or interests under
this Agreement to (i) any Qualcomm affiliate in which Qualcomm directly or indirectly owns at least a majority equity interest
or (ii) a Spin-off Entity, in each case so long as such assignee agrees to be hound by the terms and conditions of this Agreement
or a replacement version of this Agreement. A “Spin-off Entity- is defined as an entity into which Qualcomm has divested some
of its properties, assets, and/or subsidiaries, and the capital stock of which has been distributed to some or all of Qualcomm’s
stockholders. Qualcomm will notify Service Provider in writing of any assignment pursuant to this section.

 

    	 	14	 

     

    

 

(c) Injunctive
Relief. Service Provider acknowledges that any breach of Sections K (Proprietary Rights) or 9 (Representations, Warranties
and Conditions) of this Agreement by Service Provider would cause irreparable damage to Qualcomm for which monetary damages would
he inadequate. Accordingly, Service Provider agrees that injunctive relief is an appropriate remedy for any such breach, in addition
to all other remedies Qualcomm may have. Subject to Clause 21(c), the Courts of Bangalore shall have the jurisdiction and (Or all
matters in connection with this Agreement.

 

(d) Governing
Law. All matters arising in connection with this Agreement or the enforcement or construction thereof will be governed by (without
regard to conflict-of-laws provisions) and resolved in accordance with the laws of India.

 

(e) Dispute
Resolution. The Parties shall try and resolve all disputes through mutual negotiation in good faith. All disputes arising out
of or in connection with the Agreement and which remain unresolved by such good faith negotiation within thirty (30) days of either
Party seeking such negotiations, shall be submitted to binding arbitration in accordance with the Arbitration and Conciliation
Act. 1996 or any other corresponding law for the time being in force before a single arbitrator to be mutually decided by the Parties.
In case the parties are unable to mutually agree on an arbitrator, the arbitration shall he conducted by a panel of three arbitrators,
one to he appointed I y each Party and the two appointed arbitrators shall appoint the third arbitrator who shall serve as the
chairman of the panel. The place of arbitration will he Delhi • India. The language of the arbitration shall be English. The
arbitrator’s decision shall he final and binding. Notwithstanding the determination by the Parties to utilize arbitration as specified
above for resolution of disputes arising out of or in connection with this Agreement, nothing herein shall preclude Qualcomm from
seeking and obtaining from a court of competent jurisdiction appropriate injunctive relief, to prevent a breach of this Agreement
or to otherwise maintain the status quo pending outcome of any arbitration proceeding. Service of process in any suit, action or
arbitration proceeding may be made in any manner permitted by applicable law.

 

(f) Attorneys’
Fees. The prevailing Party in any dispute, litigation or arbitration between the Parties relating to this Agreement shall be
entitled to recover its reasonable attorneys’ fees and court costs, in addition to any other relief it may be awarded, from the
non-prevailing Party.

 

(g) Severability;
Non-Waiver. If any provision of this Agreement is held to be illegal, unenforceable or invalid by any court of competent jurisdiction,
the remaining provisions hereof shall remain in full cause and effect. The failure or delay of either Party to enforce at any time
any provision of this Agreement shall not constitute a waiver of such Party’s right thereafter to enforce each and every provision
or this Agreement.

 

(h) Headings.
The section holdings appearing in this Agreement are inserted only as a matter or convenience and in no way define, limit, construe,
or describe the scope or extent or such section or in any way affect this Agreement.

 

(i) Entire
Agreement; Modification. This Agreement, together with the attached exhibits, constitutes the entire agreement between the
Parties and supersedes all prior oral or written negotiations and agreements between the Parties with respect to the subject matter
hereof: No modification or amendment of this Agreement (including any exhibit hereto) shall be effective unless in writing signed
by both Parties.

 

(j) Counterparts.
This Agreement may be executed in counterparts, each of which shall be deemed an original and which together shall he one and the
same agreement.

 

    	 	15	 

     

    

 

In
Witness Whereof, the Parties have executed this Agreement as of the Effective Date through their duly authorized representatives.

 

 

Attachments:

Exhibit A - Service Fees and Reimbursement

Exhibit B - Off-Site Design Center Requirements,
Terms and Conditions

Exhibit C - Acknowledgement of Proprietary
Information and Confidentiality between Service Provider/Employer and its Employee/Personnel

Exhibit D - Deed of Assignment

 

    	 	16	 

     

    

 

EXHIBIT A

 

SERVICE FEES AND REIMBURSEMENT

 

Qualcomm has requested,
and Service Provider has agreed that Service Provider shall provide a secure. dedicated off-site design center (the “OD(”)
subject to the provisions in this Exhibit A titled -Service Fees and Reimbursement- and Exhibit B titled “‘Off-Site Design
Center Requirements, Terms, and Conditions- located at Service Provider’s facility at Prestige Al Kareem. II Floor. 113 Edward
Road. Bangalore - 560052. India.

 

	Job Area/Category/Position	 	Technology Category	 	Location	 	Daily Service Rate in US Dollars	 
	Software Testing	 	Software Test Engineer	 	India	 	$	162.00	 
	Software Development	 	Software Dev Engineer	 	India	 	$	219.00	 

 

Service Provider shall he paid Service
Fees for performing the Services by either: (i) a firm fixed fee for the performance of the Services, or (ii) a daily fee per engineer
based on the above daily service fees. When quoted as a firm fixed fee Service Provider’s bid to Qualcomm shall contain the resource
plan for the resource portion of the bid and will not exceed the daily rates for services shown above for the performance of the
Services. To clarify, these fees do not include any additional fees associated with the performance of the Services in the Service
Provider’s ODC

 

Qualcomm shall pay to Service Provider
the daily time and material fees as shown above for all time and material projects as agreed upon in a Statement of Work (“SOW”)
for the performance of the Services or in the case of a firm fixed fee. Service Provider’s resource plan for the resource portion
of the SOW bid shall not exceed the daily service fees as shown above for the performance of the Services.

 

The specified fees shall include all elements
of cost including but not limited to services rendered, overhead, general and administrative expenses, all Offsite Design Centre
costs and any applicable taxes and profit other than i) out of pocket expenses authorized by Qualcomm and ii) India service tax,
which will be captured as a separate line item. Notwithstanding anything to the contrary, Qualcomm’s total payment obligation under
this Agreement shall not exceed the aggregate total amount authorized in accordance with the applicable SOW(s).

 

To support payment for Services provided
on firm fixed fee basis, each invoice submitted shall state the; (i) monthly payment as detailed in the SOW, (ii) any India service
tax shall be included on a separate line, and (iii) all authorized out of pocket expenses for which reimbursement is requested
which shall be accompanied with proper documentation.

 

    	 	17	 

     

    

 

To support payment for Services provided
on a time and material bases, each invoice submitted shall state the; (i) individual’s name, (ii) number of days Services performed
by such individual during the period for which the invoice is submitted. (iii) resource category of the individual, (iv) any applicable
01X” Fees shall be included on a separate line, (v) any India Service tax shall be include(‘ on a separate line, and (vi)
all authorized out of pocket expenses for which reimbursement is requested shall be accompanied with proper documentation.

 

NOTE: When prices quoted and/or amounts
invoiced will include applicable taxes, Service Provider shall clearly identify, on the invoice, the type and rate of tax being
applied, as well as the jurisdiction imposing the tax. Each invoice shall include a statement by the Service Provider indicating
that the Service Provider’s overhead and 00C fee is included in the invoiced amount.

 

In the event that travel is required of
Service Provider in connection with its performance of the Services and is expressly stated in the applicable SOW. Service Provider
shall be authorized in accordance with the SOW for such travel, provided that, Service Provider adheres to the guidelines set forth
in this Exhibit A.

 

If applicable, Qualcomm shall reimburse
Service Provider for reasonable and necessary out of pocket expenses pm-approved in connection with its performance of the Services,
authorized in accordance with Qualcomm’s Travel Management Policy then in effect, and supported by reasonably detailed documentation.
All such out or pocket expenses shall be itemized on each invoice submitted to Qualcomm and shall be accompanied by the appropriate
supporting documentation. The following costs shall not be charged to Qualcomm: (a) local transportation costs of travel to and
from Qualcomm’s offices (b) local telephone service and calls: and (c) office stall and supplies used in the normal course of performing
the Services. Qualcomm’s total payment obligation under this Agreement shall not exceed the aggregate total amount authorized in
accordance with the applicable SOW(s).

 

Qualcomm’s Travel Management Policy includes
the following guidelines to be adhered to Service Provider:

 

		(i)	The lowest fares available, coach, or less expensive fares, are to be used on all nights (business
or first class. full tare bookings are not reimbursable unless approved in advance by Qualcomm).

 

		(ii)	Rental cars up to mid-size are acceptable unless three (3) or more individuals are traveling together,
in which case a hill-size car is allowed, luxury car rentals will not be fully reimbursed unless the rate is equal to or lower
than the authorized car size. Special equipment and accessory charges such as a luggage rack, snow tires. etc., should be explained
on the invoice. Charge for rental car telephones is not reimbursable.

 

		(iii)	Meals and incidental expenses will be reimbursed based on reasonable and actual expenses incurred.
(When receipts arc required, Service Provider must submit original meal receipts displaying itemized purchases and/or the credit
card receipts. No handwritten meal stubs will be accepted).

 

		(iv)	Hotels should not exceed a rate of $150.00 per night, unless otherwise agreed to and approved in
advance by Qualcomm.

 

Invoices. Service Provider shall
be paid only upon submission of invoices to Qualcomm. For Services provided on a time and material basis, invoices shall be submitted
on a monthly basis for Services performed and/or other fees the prior month. For Services provided on a firm fixed fee basis, invoices
shall be submitted pursuant to the schedule set forth in the individual SOW. Invoices for reimbursement of out of pocket expenses,
if any, should be on a separate invoice. All invoices shall be submitted to the mailing address or email address set forth below:

 

    	 	18	 

     

    

 

QUALCOMM INDIA PRIVATE LTD.

 

Attn: India.ap@qualcomm.com

 

Building No. 8, 5th Floor Mind Space

 

Raheja IT Park Hitec City

 

Madhapur, Hyderabad Andhra Pradesh 500
081, India

 

All invoices shall cite Qualcomm’s applicable
purchase order number and shall contain the information and supporting documentation specified in this Exhibit A. Qualcomm shall
pay all properly submitted and undisputed invoices within thirty (30) days after receipt of such invoice.

 

    	 	19	 

     

    

 

EXHIBIT B

Off-Site Design Center (ODC) Security Requirements, Terms, and Conditions

 

		A.	Security Program. Service Provider shall adhere to a security program that meets industry
best practices and shall regularly perform both external and internal vulnerability scanning. In the event that Service Provider
does not have a formal security program, prior to Service Provider providing services to Qualcomm, Service Provider shall notify
Qualcomm’s Information. Security & Risk Management team of such (through the Qualcomm Point of Contact). In response. Qualcomm
will review Service Provider’s security practices for approval.

 

		B.	Physical Security Requirements. Qualcomm will control and manage the access control devices
and CCTV systems in the ODC space that is physically and logically separate from the Service Provider’s general systems.
The Service Provider must provide a list of employees that require access to the °DC to complete their job duties for Qualcomm’s
approval and authorization. When needed, Qualcomm reserves the right to re-key any applicable entry doors to the ODC space that
would override the access control system.

 

Qualcomm reserves the right
to require, maintain, and control additional reasonable physical and logical security controls for the UDC during the term of the
agreement. Additional controls will be implemented at Qualcomm’s expense, unless the additional controls are a direct result non-compliance
with the provisions of this agreement, in which case the Service Provider will be responsible for the cost.

 

		C.	Equipment. Each Party agrees to perform all ongoing maintenance and technical support on
the Equipment for which it is responsible and each Party further agrees that printers are prohibited in the DIX environment. The
following is the Equipment to be provided by Qualcomm and Service Provider to support Service Provider’s location within the ODC’
and shall remain within the ODC premise at all times:

 

    	 	20	 

     

    

 

	Equipment
	 	Qty	 	Specs	 	Purchased by	 	Responsible Party
	Engineering Desktops with default Windows OS	 	1 per Consultant	 	TBD	 	Service Provider	 	Service Provider
	File Server and admin host	 	1	 	TBD	 	Service Provider	 	 
	Fixed Lines	 	 	 	Service Provider Standard - are they VOW enabled PSTN. No VoIP)	 	Service Provider	 	Service Provider
	Access control equip	 	1	 	ADT equipment	 	Service Provider (Qualcomm payment included in ODC fee)	 	Qualcomm
	CCTV cameras	 	1	 	ADT equipment	 	Service Provider (Qualcomm payment (included in ODC fee)	 	Qualcomm
	Microsoft Office Suite	 	1 license per consultant	 	Most recent CIA version	 	Service Provider	 	Service Provider

 

 

		D.	Access. Qualcomm employees, subcontractors, and
authorized agents with proper identification and complying with Service Provider’s standard access procedures shall be permitted
into Service Provider’s facility to access the UDC.

 

		E.	Audits. Qualcomm reserves the right to perform periodic
audits of Service Provider’s ODC facilities systems and records to ensure compliance with the terms of the Agreement. These
audits may be performed by Qualcomm or its designated agents upon reasonable notice to Service Provider. The information requested
by Qualcomm shall be provided promptly following Service Provider’s receipt of the request. For emergency situations or
situations arising out of Force Majeure. Qualcomm and Service Provider will follow defined and mutually agreed upon emergency
response and disaster recovery plans that shall he established by mutual agreement of the Parties within a reasonable period of
time alter the ODC becomes operational. Qualcomm, or its designated third party, will have the right to audit:

 

		a.	General Controls - General controls implemented by Service Provider’s Information Security function
to comply with the provisions of this agreement, as well as specific controls listed below.

 

    	 	21	 

     

    

 

		b.	Network segregation Penetration testing procedures may include tests that verily all Qualcomm equipment
is physically and/or logically segregated from the Service Provider network. Additionally, other monitoring tools and activities
may be deployed by Qualcomm to assure the ODC has remained segregated from Service Provider’s network.

		c.	Physical Security- Badge access logs and access control lists related to the ODC space and its
access.

		d.	Physical Security - CCIA/ recordings as requested.

		e.	Physical Security - Processes and procedures in place to prevent removable data storage devices
in the ODC.

		f.	Physical Security - Processes and procedures in place to the removal of Qualcomm equipment from
the ODC.

 

		F.	Technical Controls.

 

		a.	With respect to Service Provider IT infrastructure, servers, databases, or networks that process,
store, or transmit Data. Service Provider shall adhere to the following password parameters, i.e., each password shall:

 

		i	Be at least eight characters in length;

 

		ii	Include a combination of letters and numbers:

 

		iii	Include at least one special character, such as ! & @ * ?:

 

		iv	Never be shared; and

 

		v	Must be changed no longer than every 180 days.

 

		b.	With respect to IT infrastructure, servers, databases, or networks that process, store, or transmit
Data, Service Provider shall use the following technical security controls where applicable (and keep them current by incorporating
and using all commercially available updates):

 

		vi	Network Protection.

 

		vii	Network based firewalls:

 

		viii	Network intrusion detection systems.

 

Client Protection. 

 

		-	A commercially supported anti-virus software program on systems that are commonly susceptible to
virus and malware attacks;

		-	Host-based firewall/intrusion prevention software that blocks activity not directly related to
or useful for business purposes;

		-	A vendor supported operating system with all critical patches and security fixes installed.

		-	System and Software Protection.

		-	All system and applications associated with Data must utilize secure authentication and authorization
mechanisms.

		-	All Service Provider-developed applications associated with Data must be designed and implemented
using secure coding standards and design principles (e.g. (OWASP) Operating systems must he hardened according to industry best
practices (e.g. NISI’ 800 series, NSA guidelines, CIS benchmark, etc.)

 

    	 	22	 

     

    

 

Encryption.

 

		-	Service Provider shall utilize only industry recognized encryption algorithms with a minimum key
length or 256 hits.

 

Data Security.

 

		-	Removable data storage devices are prohibited in the ODC. Service Provider will take appropriate
steps to prevent its employees from violating this requirement including regular verbal and written reminders, signage posted on
entrance/exit doors to the ODC, and regular audits of removable data storage device usage. Qualcomm can request copies of the audit
reports at any time during the course of the project. Any Data that Service Provider handles or gains access to shall he processed,
stored and/or transmitted by Service Provider solely on designated servers or media.

		-	All transmission or exchange of Data by Service Provider shall be performed utilizing industry
recognized secure protocol standards, such as HTTPS, IPSIV, and SSII.

		-	Service Provider shall prohibit its employees and agents from removing any Qualcomm equipment from
the ODC.

		-	In the event that Qualcomm is able to establish USB over IP functionality on the equipment located
at the ODC, Service Provider agrees that Qualcomm shall have the right to remove or disable all USB connectivity from equipment
located at the ODC.

 

		G.	Incidents. Service Provider shall report all incidents
involving any type of security breach or unauthorized access to Data (“Incident”) Qualcomm IT Security (isrmir.ext@qualcomm.com).
Promptly after discovery of an Incident and at no additional cost to Qualcomm, Service Provider shall: (i) immediately institute
appropriate controls to maintain and preserve all electronic evidence relating to the Incident in accordance with industry best
practices, and (ii) provide an initial report to Qualcomm providing: (a) a list of the Data that was subject to the breach or
unauthorized access, (b) the time and date the breach or unauthorized access occurred, and (c) if ascertainable, a list of any
Data that was copied or otherwise removed from the applicable systems (“Initial Incident Report”). Also, at no additional
cost to Qualcomm, Service Provider shall provide Qualcomm a root cause analysis of the security breach and/or unauthorized access
to Data. Service Provider shall use good faith efforts to provide the Initial Incident Report within one business day after discovery
(lithe Incident, and to provide a root cause analysis within one week after discovery of the Incident. In the event any Incident
of security or confidentiality by Service Provider or its agents requires notification to an individual under any Privacy Law,
Qualcomm will have sole control over the timing, content, and method of notification and Service Provider will promptly reimburse
Qualcomm for all costs and expenses incurred as a result attic Incident, including but not limited to, notice, print and mailing
costs, and the costs of obtaining credit monitoring services and identity theft insurance kw the individuals whose Personally
Identifiable Information was or may have been compromised as well as any damages or compensation Qualcomm may be required to pay
by a court of law or other legal forum or regulatory body under any Privacy law.

 

		H	Termination. Within 30 days after termination of this Agreement, or within seven days after
the request by Qualcomm (whichever occurs first), Service Provider shall (i) electronically erase. destroy, and render unreadable
all Data, or (ii) physically destroy Data through shredding all physical media containing such, or (iii) provide with all physical
media containing Data. Service Provider shall certify in writing to Qualcomm that these actions have been completed.

 

At Qualcomm’s request, at any
time and at Qualcomm’s discretion, Service Provider, and any third Parties to whom Service Provider has transferred or made available
Data, shall return some or all Data to Qualcomm and purge all copies from all systems.

 

    	 	23	 

     

    

 

		H.	Compliance. If Service Provider violates any of the security provisions set forth in this
Exhibit, Service Provider shall: (i) immediately notify Qualcomm, (ii) cooperate with any investigation by Qualcomm or independent
third Parties, and (iii) remedy the violation promptly. The obligations of this section shall apply in addition to any other rights
Qualcomm may have under such circumstances. The subjects to whom the Data relates shall he third Party beneficiaries of this section
with a right to directly enforce this section against Service Provider under the laws of the jurisdiction in which the subject
resides or has its principal place of business.

 

		I.	Network Access. Qualcomm shall provide, control,
and manage an IPScc point to point access over leased line as required for Service Provider to perform the Services described
in this agreement.

 

    	 	24	 

     

    

 

EXHIBIT C

 

ACKNOWLEDGEMENT OF PROPRIETARY INFORMATION
AND CONFIDENTIALITY OBLIGATIONS IWI’WEEN SERVICE PROVIDER/EMPLOYER AND ITS EMPLOYEE/PERSONNEL.

 

1. Nondisclosure.
In connection with my employment by _____________ (“Service Provider /Employer”), I may gain access to certain confidential
and/or proprietary information of Qualcomm India Private Limited (“Qualcomm”) or its parent or affiliates during the
period of my assignment at Qualcomm. This information may include, but may not be limited to, matters (i) of a technical nature
(such as products. discoveries, specifications, inventions, software, computer programs, and similar items), (ii) °fa business
nature (such as cost, profit, marketing or customer lists) or (iii) pertaining to future operations and developments, all of which
is of a confidential nature and which contains valuable trade secrets and know-how proprietary to Qualcomm (the “Information”).
Service Provider /Employer has entered into an agreement with Qualcomm effective as of ___________2013 (the “Agreement”)
pursuant to which Service Provider/Employer has agreed to certain confidentiality obligations with respect to the Information.
Therefore, as a condition of my receiving access to the Information, and for other good and valuable consideration including, but
not limited to, the compensation paid by Qualcomm to Service Provider /Employer in connection with my assignment at Qualcomm, I
agree to the following:

 

In particular, and
without limiting the foregoing. I acknowledge and understand that the Information to which I will gain access is the confidential
and proprietary information of Qualcomm and I agree I will (i) not remove such Information from its site unless needed as part
of your assignment or if authorized by Qualcomm management; (ii) not disclose, or permit disclosure of, any Information without
the prior written consent of Qualcomm; (iii) promptly notify Service Provider /Employer and Qualcomm of any such unauthorized use
or disclosure of which I learn: (iv) limit use of such to the extent necessary to perk= my assignment at Qualcomm: and (v) return
to Qualcomm any and all copies of the Information in my possession or control, and any portion thereof, whether prepared by me
or not, promptly upon receipt of notice from Service Provider /Employer or Qualcomm requesting such return or upon termination
of my assignment at Qualcomm. I further acknowledge that my right of access to the Information expires upon termination of my assignment
at Qualcomm, either by notice from Service Provider /Employer or Qualcomm. I acknowledge and agree that my obligations set forth
herein (and in the Agreement) regarding the non-disclosure non-use and/or return of the Information shall survive any such termination
or expiration of my access to the Information.

 

2. Assignment
of Work Product. I promise to promptly and fully disclose to Service Provider /Employer and hereby assign, transfer and convey
to Service Provider /Employer all my entire right, title and interest in and to any and all (i) inventions, discoveries, developments.
formulae, processes, improvements, ideas and innovations, and (ii) computer programs, sales brochures, reports, and other works
of authorship (and all proprietary rights, including but not limited to trade secret rights, patent rights, copyrights, mask work
rights and all other rights throughout the world in connection therewith) whether or not patentable or registrable under copyright
or similar statutes, made, conceived, reduced to practice, authored, or fixed in a tangible medium of expression by me, either
alone or jointly with others, which results from my work or socialization with Qualcomm (hereinafter collectively’ and severally
referred to as “Work Product”). I do hereby release Service Provider /Employer including its successors, assigns. Affiliates,
subsidiaries, licensees, directors, employees, agents and representatives (each a “Affiliate”) from any and all claims
by me by reason of any use or disclosure by Qualcomm or a Affiliate of any Work Product. Further I hereby agree, whenever requested
by the Service Provider /Employer. to immediately execute a confirmatory assignment or any particular items(s) of Work Product
in a form substantially similar to the deed of assignment set out in Exhibit D of the Agreement or in any other from satisfactory
to the Service Provider /Employer, to testify in all legal proceedings, sign all lawful papers and otherwise perform all acts necessary
or appropriate to enable Service Provider / Employer and its successors and assigns to obtain and enforce all available legal protections
for all such Work Product in all countries, for which Service Provider /Employer will reimburse my reasonable out -of pocket expenses.
In the event that Service Provider /Employer, is unable for any reason whatsoever to secure my signature to any lawful or necessary
document, including but not limited to those required to apply for or execute patent, copyright, trademark or similar applications
or assignments in relation to the Work Product, as deemed reasonably necessary by Service Provider Employer to carry out the purpose
of this acknowledgement. I irrevocably appoint Service Provider / Employer and it’s duly authorized officers and agents as MY attorney
in fact and at law to execute and file any such application, assignment or document and do all other lawfully permitted acts to
further the procurement and maintenance of patents, copyrights, trademarks and other proprietary rights in relation to the Work
Product, with the same legal force and effect as if executed by me.

 

    	 	25	 

     

    

 

3. Third
Party Beneficiary. I acknowledge that Qualcomm is a third-party beneficiary to this acknowledgment since this acknowledgment contains
provisions which relate to my access to and use of the Information. I understand that such provisions are made expressly for the
benefit of Qualcomm and are enforceable by Qualcomm in addition to Service Provider /Employer.

 

	Signature:	DATE
	 	 
	 	 
	 	 
	Printed Name:	 

 

    	 	26	 

     

    

 

EXHIBIT D

 

STAMP DUTY TO BE PAID UNDER THE INDIAN
STAMP ACT ON THE CONSIDERATION

 

DEED OF ASSIGNMENT

 

This ASSIGNMENT is made on this on this
_____ day of _________, 2013

 

BETWEEN

 

______________ of the One Part (hereinafter
referred to as “the Assignor”)

 

And

 

_______________ (hereinafter referred to
as “the Assignee”) or the Other Part.

 

WHEREAS the Assignor is the proprietor
of the _______________, as set out in the schedule attached hereto (hereinafter referred to as “IP Rights”)

 

AND WHEREAS the Assignor has agreed to
assign the IP Rights to the Assignee for consideration hereinafter appearing.

 

NOW THIS DEED WITNESSETH that in pursuance
of the _______________, Agreement between the Assignor and the Assignee and in consideration of the sum of US One Dollar (US$1.00)
duly paid to the Assignor by the Assignee, the receipt of which is hereby acknowledged, the Assignor hereby assigns the IP Rights
worldwide to the Assignee in perpetuity to hold the same unto the Assignee, its successors and assigns absolutely.

 

IN WITNESS WHEREOF the Assignor and the
Assignee have caused their name and seal to be hereunto affixed the day and year first above written.

 

	SEAL	For (Assignee)
	 	 
	ATTEST	 
	 	 
	 	 
	 	 
	 	 
	SEAL	For (Assignee)
	 	 
	ATTEST	 

 

    	 	27

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