Document:

exhibit10-22.htm

    

      Exhibit
10.22

      SEMGROUP
ENERGY PARTNERS G.P., L.L.C.

      2009
EXECUTIVE CASH BONUS PLAN

       

      1. Plan.  This
SemGroup Energy Partners G.P., L.L.C. 2009 Executive Cash Bonus Plan (this
“Plan”) was adopted by the Compensation Committee of the Board of Directors of
SemGroup Energy Partners G.P., L.L.C. (the “Company”) to reward certain senior
executives of the Company or its subsidiaries by enabling them to receive
performance-based cash compensation.

       

      2. Definitions.  As
used herein, the terms set forth below shall have the following respective
meanings:

       

      “Actual
Division Percentage” means:

       

      (i)           with
respect to the calculation of the Award for the Executive Vice President - Crude
Operations, (a)(x) the actual EBITDA of the Crude business of the Partnership
and its subsidiaries for the year ended December 31, 2009 calculated using
audited financial results (exclusive of Awards under this Plan but inclusive of
crude operations employee incentive awards) and in the same manner as previously
provided to the Committee divided by (y) the Target
Division EBITDA multiplied
by (z) 66% plus
(b)(x) Actual SGLP Consolidated EBITDA divided by (y) the Target
SGLP Consolidated EBITDA multiplied by (z) 34%;
and

       

      (ii)           with
respect to the calculation of the Award for the Executive Vice President -
Asphalt Operations, (a)(x) the actual EBITDA of the Asphalt business of the
Partnership and its subsidiaries for the year ended December 31, 2009 calculated
using audited financial results (exclusive of Awards under this Plan but
inclusive of asphalt operations employee incentive awards) and in the same
manner as previously provided to the Committee divided by (y) the Target
Division EBITDA multiplied
by (z) 66% plus
(b)(x) Actual SGLP Consolidated EBITDA divided by (y) the Target
SGLP Consolidated EBITDA multiplied by (z)
34%.

       

      “Actual
SGLP Consolidated EBITDA” means the consolidated EBITDA of the Partnership and
its subsidiaries for the year ended December 31, 2009 calculated using audited
financial results (exclusive of Awards under this Plan but inclusive of crude
and asphalt operations employee and corporate personnel incentive awards) and in
the same manner as previously provided to the Committee.

       

      “Affiliate”
means with respect to any Person (as defined in the definition of “Change of
Control”), any other Person that directly or indirectly through one or more
intermediaries controls, is controlled by or is under common control with, the
Person in question. As used herein, the term “control” means the possession,
direct or indirect, of the power to direct or cause the direction of the
management and policies of a Person, whether through ownership of voting
securities, by contract or otherwise.

       

      “Award”
means the right to potentially receive a cash bonus under the Plan.

       

      “Base
Salary” means the base salary of each of the applicable Participants as set
forth on Exhibit
A hereto.

       

      
        
          
             

          

           

        

        
           

          
            

          

        

        
           

        

      

      “Bonus
Pool” has the meaning set forth in Section 4(i) hereof.

       

      “CAO” has
the meaning set forth in Section 3 hereof.

       

      “Change
of Control” means, and shall be deemed to have occurred upon the occurrence of
one or more of the following events: (i) any “person” or “group” within the
meaning of those terms as used in Sections 13(d) and 14(d)(2) of the Securities
Exchange Act of 1934, as amended, other than SemGroup, L.P., Manchester
Securities Corp., Alerian Finance Partners, LP, or their respective Affiliates,
shall become the beneficial owner, by way of merger, consolidation,
recapitalization, reorganization or otherwise, of 50% or more of the combined
voting power of the equity interests in the Company or the Partnership; (ii) the
limited partners of the Partnership approve, in one or a series of transactions,
a plan of complete liquidation of the Partnership; (iii) the sale or other
disposition by either the Company or the Partnership of all or substantially all
of its assets in one or more transactions to any individual or a corporation,
limited liability company, partnership, joint venture, trust, unincorporated
organization, association, government agency or political subdivision thereof or
other entity (a “Person”) other than the Company or an Affiliate of the Company;
or (iv) a transaction resulting in a Person other than the Company or an
Affiliate of the Company being the general partner of the
Partnership.

       

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

       

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

       

      “Corporate
Executive Participants” means the Participants other than the Operations
Participants.

       

      “EBITDA”
means earnings before interest, taxes, depreciation, amortization and
restructuring and certain other non-cash charges, calculated in the same
manner as previously provided to the Committee.

       

      “First
Payment Date” means July 31, 2009, provided that the Partnership has completed
its preparation of actual results for the six months ended June 30,
2009.  In the event the Partnership has not completed its preparation
of such results, then the First Payment Date will be extended to the date that
is two business days after such results are available.

       

      “Operations
Participants” means the Executive Vice President - Crude Operations and the
Executive Vice President - Asphalt Operations.

       

      “Participant”
has the meaning set forth in Section 3 hereof.

       

      “Partnership”
means SemGroup Energy Partners, L.P.

       

      “Payment
Date” means the First Payment Date and the Second Payment Date.

       

      “SEC”
means the Securities and Exchange Commission.

       

      
        
          
            -2- 

          

           

        

        
           

          
            

          

        

        
           

        

      

      “Second
Payment Date” means the date that is 15 days after the filing of the
Partnership’s Annual Report on Form 10-K for the year ended December 31, 2009
with the SEC.

       

      “Section
409A” means Section 409A of the Code and any Treasury Regulations and guidance
promulgated thereunder.

       

      “Six
Months Consolidated EBITDA” means the consolidated EBITDA of the Partnership and
its subsidiaries for the six months ended June 30, 2009 calculated using the
actual financial results for the Partnership and its subsidiaries for such six
month period (exclusive of Awards under this Plan but inclusive of crude and
asphalt operations employee and corporate personnel incentive awards) and in the
same manner as previously provided to the Committee.

       

      “Six
Months Division EBITDA” means (i) with respect to the calculation of an Award
for the Executive Vice President - Crude Operations, the actual EBITDA of the
Crude business of the Partnership and its subsidiaries for the six months ended
June 30, 2009 (exclusive of Awards under this Plan but inclusive of crude
operations employee incentive awards) and (ii) with respect to the calculation
of an Award for the Executive Vice President - Asphalt Operations, the actual
EBITDA of the Asphalt business of the Partnership and its subsidiaries for the
six months ended June 30, 2009 (exclusive of Awards under this Plan but
inclusive of asphalt operations employee incentive awards), in each case
calculated using actual financial results and in the same manner as previously
provided to the Committee.

       

      “Target
Division EBITDA” means (i) with respect to the calculation of the Award for the
Executive Vice President - Crude Operations, the target EBITDA for the Crude
business of SGLP and its subsidiaries for the year ended December 31, 2009 as
determined by the Committee (exclusive of Awards under this Plan but inclusive
of crude operations employee incentive awards) and (ii) with respect to the
calculation of the Award for the Executive Vice President - Asphalt Operations,
the target EBITDA for the Asphalt business of SGLP and its subsidiaries for the
year ended December 31, 2009 as determined by the Committee (exclusive of Awards
under this Plan but inclusive of asphalt operations employee incentive
awards).

       

      “Target
SGLP Consolidated EBITDA” means the target EBITDA for SGLP and its subsidiaries
on a consolidated basis for the year ended December 31, 2009 as determined by
the Committee (exclusive of Awards under this Plan but inclusive of crude and
asphalt operations employee and corporate personnel incentive
awards).

       

      “Target
Six Months Consolidated EBITDA” means the target EBITDA for SGLP and its
subsidiaries on a consolidated basis for the six months ended June 30, 2009 as
determined by the Committee (exclusive of Awards under this Plan but inclusive
of crude and asphalt operations employee and corporate personnel incentive
awards).

       

      “Target
Six Months Division EBITDA” means (i) with respect to the calculation of an
Award for the Executive Vice President - Crude Operations, the target EBITDA for
the Crude business of SGLP and its subsidiaries for the six months ended June
30, 2009 as determined by the Committee (exclusive of Awards under this Plan but
inclusive of crude operations employee incentive awards) and (ii) with respect
to the calculation of an Award for the Executive Vice President - Asphalt
Operations, the target EBITDA for the Asphalt business of SGLP and its
subsidiaries for the six months ended June 30, 2009 as determined by the
Committee (exclusive of Awards under this Plan but inclusive of asphalt
operations employee incentive awards).

       

      
        
          
            -3- 

          

           

        

        
           

          
            

          

        

        
           

        

      

      “YTD
Period” has the meaning set forth in Section 4(ix) below.

       

      3. Participants.  Each
of the following officers of the Company are participants (each a “Participant”)
under the Plan: the Chief Executive Officer, the Chief Financial Officer, any
Executive Vice President and the Chief Accounting Officer (“CAO”).

       

      4. Calculation
and Payment of Awards.

       

      (i)           Each
of the Chief Executive Officer, Chief Financial Officer and Executive Vice
President - Corporate Development shall be eligible to receive an Award based on
the actual results of the Partnership as follows:

       

      
        	
                Results

              	
                Award

              
	
                Actual
      SGLP Consolidated EBITDA is greater than or equal to 85% of Target SGLP
      Consolidated EBITDA and less than 100% of Target SGLP Consolidated
      EBITDA

              	
                80%
      of the applicable Participant’s Base Salary at achievement of 85% of
      Target SGLP Consolidated EBITDA, increasing by 1.33% of Base Salary for
      each incremental whole percentage achieved in excess of 85% up to 100% of
      the applicable Participant’s Base Salary at achievement of 100% of Target
      SGLP Consolidated EBITDA, rounded to the nearest whole percentage of Base
      Salary  (i.e., if Actual SGLP Consolidated EBITDA is equal to
      90% of Target SGLP Consolidated EBITDA, then each Participant will receive
      an Award equal to 87% of such Participant’s Base
  Salary).

              
	
                Actual
      SGLP Consolidated EBITDA is greater than or equal to 100% of Target SGLP
      Consolidated EBITDA and less than or equal to 110% of Target SGLP
      Consolidated EBITDA

              	
                100%
      of the applicable Participant’s Base Salary at achievement of 100% of
      Target SGLP Consolidated EBITDA, increasing by 2.5% of Base Salary for
      each incremental whole percentage achieved in excess of 100% up to a
      maximum of 125% of the applicable Participant’s Base Salary at achievement
      of 110% of Target SGLP Consolidated EBITDA, rounded to the nearest whole
      percentage of Base Salary (i.e., if Actual SGLP Consolidated EBITDA is
      equal to 105% of Target SGLP Consolidated EBITDA, then each Participant
      will receive an Award equal to 113% of such Participant’s Base
      Salary).

              
	
                Actual
      SGLP Consolidated EBITDA is greater than 110% of Target SGLP Consolidated
      EBITDA

              	
                125%
      of the applicable Participant’s Base Salary, plus Participant shall be
      eligible to participate in awards from a bonus pool (the “Bonus Pool”)
      equal to 5% of Actual SGLP Consolidated EBITDA in excess of 110% of Target
      SGLP Consolidated EBITDA, such Bonus Pool to be allocated to the
      Participants in the sole discretion of the
  Committee.

              

      

      

       

       (ii)           Each
of the Operations Participants shall be eligible to receive an Award based on
the actual results of the Partnership and the Crude business or Asphalt
business, as applicable, as follows:

       

      
        	
                Results

              	
                Award

              
	
                Actual
      Division Percentage is greater than or equal to 85% and less than or equal
      to 110%

              	
                75%
      of the applicable Participant’s Base Salary at achievement of 85% Actual
      Division Percentage, increasing by 1.8% of Base Salary for each
      incremental whole percentage achieved in excess of 85% up to a maximum of
      120% of the applicable Participant’s Base Salary at achievement of 110%
      Actual Division Percentage, rounded to the nearest whole percentage of
      Base Salary (i.e., if Actual Division Percentage is equal to 90%, then the
      applicable Participant will receive an Award equal to 84% of such
      Participant’s Base Salary).

              
	
                Actual
      Division Percentage is greater than 110%

              	
                120%
      of the applicable Participant’s Base Salary, plus such Participant shall
      be eligible to participate in the Bonus Pool in the event one is
      established.

              

      

      

       

      
        
          
                 -4 - 

          

           

        

        
           

          
            

          

        

        
           

        

      

      (iii)           The
CAO shall be eligible to receive an Award based on the actual results of the
Partnership as follows:

       

      
        	
                Results

              	
                Award

              
	
                Actual
      SGLP Consolidated EBITDA is greater than or equal to 85% of Target SGLP
      Consolidated EBITDA and less than 100% of Target SGLP Consolidated
      EBITDA

              	
                75%
      of 70% (e.g., 52.5%) of the CAO’s Base Salary at achievement of 85% of
      Target SGLP Consolidated EBITDA, increasing by 0.5% of Base Salary for
      each incremental whole percentage achieved in excess of  85% up
      to 75% of 80% (e.g., 60%) of the CAO’s Base Salary at achievement of 100%
      of Target SGLP Consolidated EBITDA, rounded to the nearest whole
      percentage of Base Salary (i.e., if Actual SGLP Consolidated EBITDA is
      equal to 90% of Target SGLP Consolidated EBITDA, then the CAO will receive
      an Award equal to 55% of his Base Salary).

              
	
                Actual
      SGLP Consolidated EBITDA is greater than or equal to 100% of Target SGLP
      Consolidated EBITDA and less than or equal to 110% of Target SGLP
      Consolidated EBITDA

              	
                75%
      of 80% (e.g., 60%) of the CAO’s Base Salary at achievement of 100% of
      Target SGLP Consolidated EBITDA, increasing by 1.5% of Base Salary for
      each incremental whole percentage achieved in excess of 100% up to a
      maximum of 75% of 100% (e.g., 75%) of the CAO’s Base Salary at achievement
      of 110% of Target SGLP Consolidated EBITDA, rounded to the nearest whole
      percentage of Base Salary (i.e., if Actual SGLP Consolidated EBITDA is
      equal to 105% of Target SGLP Consolidated EBITDA, then the CAO will
      receive an Award equal to 67.5% of his Base Salary).

              
	
                Actual
      SGLP Consolidated EBITDA is greater than 110% of Target SGLP Consolidated
      EBITDA

              	
                75%
      of 100% (e.g., 75%) of the CAO’s Base Salary, plus the CAO shall be
      eligible to participate in the Bonus Pool in the event one is
      established.

              

      

      

       

      (iv)           Form of
Payment:  Awards under the Plan will be paid in the form of a
lump sum cash payment, subject to adjustments for such federal, state or local
taxes and other deductions, if any, as may be in effect at the time of
payment.

       

      (v)           Timing of Payment for the
Corporate Executive Participants: Awards will be paid to the Corporate
Executive Participants as follows:

       

      (a)           If
the Six Months Consolidated EBITDA exceeds 95% of the Target Six Months
Consolidated EBITDA, then on or before the First Payment Date, each Corporate
Executive Participant will receive a payment as follows: (x) the Chief Executive
Officer, Chief Financial Officer and Executive Vice President - Corporate
Development will receive a payment equal to 40% of such Participant’s Base
Salary and (y) the CAO will receive a payment equal to 24% of his Base
Salary.  Such payment shall reduce on a dollar-for-dollar basis any
payment to be made on the Second Payment Date pursuant to paragraph (b) of this
Section 4(v); provided that the Corporate Executive Participants shall not be
liable for the repayment of the amounts received on the First Payment Date in
the event that such amounts exceed any amount to be paid to the Corporate
Executive Participants on the Second Payment Date.

       

      
        
          
            -5 - 

          

           

        

        
           

          
            

          

        

        
           

        

      

      (b)           On
or before the Second Payment Date, Awards will be paid to the applicable
Corporate Executive Participants (as such Award is reduced pursuant to paragraph
(a) of this Section 4(v) or Section 4(ix)).

       

      (vi)           Timing of Payment for the
Operations Participants.  Awards will be paid to the Operations
Participants as follows:

       

      (a)           If
(x) the Six Months Consolidated EBITDA exceeds 95% of the Target Six Months
Consolidated EBITDA and (y) the Six Months Division EBITDA equals or exceeds
100% of the Target Six Months Division EBITDA, then on or before the First
Payment Date, each Operations Participant will receive a
payment  equal to 40% of such Operations Participant’s Base
Salary.  Such payment shall reduce on a dollar-for-dollar basis any
payment to be made on the Second Payment Date pursuant to paragraph (b) of this
Section 4(vi); provided that the Operations Participants shall not be liable for
the repayment of the amounts received on the First Payment Date in the event
that such amounts exceed any amount to be paid to the Operations Participants on
the Second Payment Date.

       

      (b)           On
or before the Second Payment Date, Awards will be paid to the applicable
Operations Participants (as such Award is reduced pursuant to paragraph (a) of
this Section 4(vi) or Section 4(ix)).

       

      (vii)          Early Termination of
Employment:  Awards will be paid only to Participants who are
actually employed by and are on the payroll of the Company or any of its
subsidiaries on the applicable Payment Date.

       

      (viii)         Determination, Calculation
and Payment of Awards.  Notwithstanding the foregoing, the
Committee retains the complete discretion under the Plan to amend the amount or
timing of any Award, and the Committee may, in its sole discretion, eliminate or
reduce or increase the size of any Participant’s Award based on any factors it
deems relevant.

       

      (ix)           Change of
Control.  Upon the occurrence of a Change of Control, each
Participant shall receive an Award calculated in accordance with the following:
EBITDA for the Partnership on a consolidated basis and for the Asphalt business
and Crude business of the Partnership shall be calculated beginning January 1,
2009 through the most recently completed calendar month for which financial
results are available (the “YTD Period”) and such amounts shall be compared to
the target EBITDA for the Partnership on a consolidated basis or the Asphalt
business of the Partnership or the Crude business of the Partnership, as the
case may be, for the YTD Period as determined by the Committee and an Award
calculated for each Participant pursuant to Sections 4(i) - (iii) above as if
such results for the YTD Period were the results for the year ended December 31,
2009.  Each Participant shall then be paid an amount equal to a pro
rata portion of such Award based on the date the Change of Control occurred less
any amount paid to such Participant pursuant to Sections 4(v)(a) or 4(vi)(a)
above.  For example, if a Change of Control occurred on November 30,
2009, and the Partnership’s consolidated EBITDA for the ten months ended October
31, 2009 (the most recent month for which financial statements are available)
was 110% of the target EBITDA for such period, then the Chief Executive Officer
would receive an Award equal to 11/12 times 125% of his Base Salary less any
amount the CEO received pursuant to Section 4(v)(a) above.  The
payment of any Award pursuant to this Section 4(ix) shall reduce on a
dollar-for-dollar basis any payment to be made on the Second Payment Date
pursuant to paragraph (b) of this Section 4(vi).  Such payment shall
reduce on a dollar-for-dollar basis any payment to be made on the Second Payment
Date pursuant to Sections 4(v)(b) or 4(vi)(b).

       

      
        
          
            -6 - 

          

           

        

        
           

          
            

          

        

        
           

        

      

       

      5. Adjustments.  The
existence of outstanding Awards shall not affect in any manner the right or
power of the Company or the Partnership or their respective equityholders to
make or authorize any or all adjustments, recapitalization, reorganizations or
other changes in the equity structure of the Company or the Partnership or their
respective businesses or any merger or consolidation of the Company or the
Partnership, or any issue of bonds, debentures, preferred or prior preference
equity (whether or not such issue is prior to, on a parity with or junior to the
common units of the Partnership) or the dissolution or liquidation of the
Company or the Partnership, or any sale or transfer of all or any part of their
respective assets or business (including by way of a joint venture), or any
other corporate act or proceeding of any kind, whether or not of a character
similar to that of the acts or proceedings enumerated above.

       

      If an event described in the preceding
paragraph occurs, the Committee may adjust proportionally (i) any EBITDA target
and/or (ii) any other provisions of the Plan as it may deem
appropriate.

       

      6. Administration.  Subject
to the provisions hereof, this Plan shall be administered and interpreted by the
Committee.  The Committee shall have full and exclusive power and
authority to administer this Plan and to take all actions that are specifically
contemplated hereby or are necessary or appropriate in connection with the
administration hereof.  The Committee shall also have full and
exclusive power to interpret this Plan and to make factual and legal
determinations and to adopt such rules, regulations and guidelines for carrying
out this Plan as it may deem necessary or proper.  The Committee may,
in its sole discretion, amend or modify an Award in any manner.  The
Committee may correct any defect or supply any omission or reconcile any
inconsistency in this Plan or in any Award in the manner and to the extent the
Committee deems necessary or desirable to further the Plan
purposes.  Any decision of the Committee in the interpretation and
administration of this Plan shall lie within its sole discretion and shall be
final, conclusive and binding on all parties concerned.

       

      7. Taxes.  The Company
shall have the right to deduct applicable taxes from any Award payment and
withhold, at the time of delivery or vesting of cash under this Plan, an
appropriate amount of cash for payment of taxes required by law or to take such
other action as may be necessary in the opinion of the Company to satisfy all
obligations for withholding of such taxes.

       

      8. Assignability.  No
Award or any other benefit under this Plan shall be assignable or otherwise
transferable.  Any attempted assignment of an Award or any other
benefit under this Plan in violation of this paragraph shall be null and
void.

       

      9. Unfunded
Plan.  This Plan shall be unfunded.  Although
bookkeeping accounts may be established with respect to Participants, any such
accounts shall be used merely as a bookkeeping convenience.  The
Company shall not be required to segregate any assets that may at any time be
represented by cash or rights thereto, nor shall this Plan be construed as
providing for such segregation, nor shall the Company or the Committee be deemed
to be a trustee of any cash or rights thereto to be granted under this
Plan.  Any liability or obligation of the Company to any Participant
with respect to an Award shall be based solely upon any contractual obligations
that may be created by this Plan, and no such liability or obligation of the
Company shall be deemed to be secured by any pledge or other encumbrance on any
property of the Company.  Neither the Company nor the Committee shall
be required to give any security or bond for the performance of any obligation
that may be created by this Plan.

       

      
        
          
            - 7- 

          

           

        

        
           

          
            

          

        

        
           

        

      

       

      10. Section 409A of the
Code.  The payments to be made pursuant to this Plan are
intended to be “short-term deferrals” exempt from Section 409A, and the Plan
shall be construed and interpreted accordingly.

       

      11. No Right to
Employment.  Nothing in the Plan shall interfere with or limit
in any way the right of the Company or the Partnership or their respective
subsidiaries to terminate any Participant’s employment or other service
relationship at any time, nor confer upon any Participant any right to continue
in the capacity in which he or she is employed or otherwise serves the Company
or the Partnership or their respective subsidiaries.

       

      12.
Current
Year.  This Plan is only applicable for the year ended December
31, 2009 as provided herein and any future bonus plan will be determined in the
sole discretion of the Committee.

       

      

       

      
        
          
             -8 - 

          

           

        

        
           

          
            

          

        

        
           

        

      

      EXHIBIT
A

       

       

      
        	
                Participant

              	
                Base Salary

              
	
                Kevin
      Foxx

              	
                $450,000

              
	
                Michael
      Brochetti

              	
                $300,000

              
	
                Alex
      Stallings

              	
                $300,000

              
	
                James
      Griffin

              	
                $210,000

              
	
                Pete
      Schwiering

              	
                $250,000

              
	
                Jerry
      Parsons

              	
                $250,000

              

      

      

       

      
        
          
            A-1fp0000824_ex10-23.htm

    
      
        
          
            
              
                
                   

                  
                    
                      
                        	
                                *
      CERTAIN INFORMATION IN THIS EXHIBIT HAS BEEN OMITTED AND FILED SEPARATELY
      WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH
      RESPECT TO THE OMITTED
PORTIONS.

                              

                      

                    

                  

                

              

            

             

          

        

      

      Product
and Market Development Agreement

       

      This
Agreement (“Agreement”) is
entered into and made effective as of December 4, 2008 (the “Effective Date”) by
and between LG Innotek Co., Ltd., a Korean corporation with offices at 20,
Yeouido-dong, Yeongdeungpo-gu, Seoul, Korea (“LGIT”) and
ParkerVision, Inc., a Florida corporation with offices at 7915 Baymeadows Way,
Suite 400, Jacksonville, Florida 32256 (“ParkerVision”).

       

      Recitals

       

      WHEREAS,
ParkerVision has developed and patented technology that is designed to address
certain limitations in applying traditional approaches to RF transmission,
reception, and power amplification, and

       

      WHEREAS,
LGIT desires to develop in conjunction with ParkerVision, and ParkerVision
desires to develop in conjunction with LGIT, ParkerVision RF Components (as
defined below) to meet the market requirements for handset and data card
products, and

       

      WHEREAS,
LGIT also desires to have ParkerVision supply, and ParkerVision desires to
supply, ParkerVision RF Components that LGIT will design into LGIT RF Products
(as defined below) for application into handset and data card products,
and

       

      WHEREAS,
the parties desire to market and promote LGIT RF Products to the mobile
communications community, including mobile handset and data card OEMs, and
chipset suppliers internationally.

       

      NOW,
THEREFORE, in consideration of the foregoing premises and of the performance of
the mutual covenants herein, the parties agree as follows:

       

      
        	
                1.  

              	
                DEFINITIONS

              

      

       

      1.1 “Confidential
Information” has the meaning set forth in Section 10.1.

       

      1.2 “Development Tools”
means the ParkerVision development tools described in the Statement of
Work.

       

      1.3 “Improvements” means
any improvement, including without limitation variations, optimizations,
enhancements, modifications, or derivatives obtained, developed, created,
synthesized, designed, derived or resulting from, based upon or otherwise
generated (whether directly or indirectly, or in whole or in part).

       

      1.4 “Intellectual Property
Rights” means patents, certificates of invention, utility models, design
rights and similar invention rights, copyrights, trade secret rights, mask work
rights, and any other intangible property or proprietary rights (other than
trademarks, trade names, service marks and trade dress rights) recognized
anywhere in the world under any state or national statute or treaty or common
law right, including without limitation all applications and registrations with
respect to any of the foregoing.

       

      
        
          
          

        

        
          1

          
            

          

        

        
          
          

        

      

      
        
          
            
              
                 

                
                  
                    
                      	
                              *
      CERTAIN INFORMATION IN THIS EXHIBIT HAS BEEN OMITTED AND FILED SEPARATELY
      WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH
      RESPECT TO THE OMITTED
PORTIONS.

                            

                    

                  

                

              

            

          

        

      

       

      1.5 “ParkerVision RF
Components” means integrated circuits based on the Specifications in an
SOW.

       

      1.6 “ParkerVision
Software” means any software or firmware provided by ParkerVision to
LGIT, including software included within any Development Tools that may be
provided under this Agreement, or any software or firmware loaded onto
ParkerVision RF Components.

       

      1.7 “LGIT RF Products”
means RF products to be manufactured and sold by LGIT that incorporate the
ParkerVision RF Components.

       

      1.8 “Specifications” means
the specifications for the ParkerVision RF Components, such specifications to be
jointly developed by the parties pursuant to an SOW, executed by both parties,
and attached as an Exhibit to an SOW.

       

      1.9 “SOW” means a
Statement of Work for development of a ParkerVision RF Component containing the
Specifications, tasks, deliverables, target delivery dates and
payments.  The SOW under this Agreement is set forth in Exhibit A attached
hereto and may be modified by mutual written agreement.

       

      
        	
                2.  

              	
                PARKERVISION
      RESPONSIBILITIES

              

      

       

      2.1 Development
Plan.  Subject to the terms and conditions set forth in the
SOW, ParkerVision shall use commercially reasonable efforts to develop the
ParkerVision RF Components to meet the Specifications in accordance with the
schedule set forth in the SOW.  ParkerVision shall, monthly or if
requested by LGIT from time to time during the term of this Agreement, submit to
LGIT a written progress report (“Progress Report”)
documenting the work ParkerVision has completed during the period between each
Progress Report.  The Progress Report shall be in sufficient detail to
clearly indicate the progress made toward achieving the objectives and
milestones set forth herein and specified by LGIT, and achieving compliance with
the Specifications and any other requirements of the SOW for the work to be
performed by ParkerVision hereunder.

       

      2.2 License
Grant.  ParkerVision hereby grants LGIT, for the term of this
Agreement, a nonexclusive, royalty-free, and nontransferable license, under
ParkerVision’s Intellectual Property Rights, to use and reproduce any
ParkerVision Software and use any other items provided by ParkerVision hereunder
as may be reasonably necessary solely for the purposes of fulfilling LGIT’s
specific development tasks under the SOW and to incorporate the ParkerVision RF
Components into LGIT RF Products.

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

      
        
          
            
              
                 

                
                  
                    
                      	
                              *
      CERTAIN INFORMATION IN THIS EXHIBIT HAS BEEN OMITTED AND FILED SEPARATELY
      WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH
      RESPECT TO THE OMITTED
PORTIONS.

                            

                    

                  

                

              

            

          

        

      

       

      2.3 No Reverse
Engineering. LGIT shall not (a) reverse engineer or reconfigure the
ParkerVision RF Components or any of its elements other than as reasonably
required for the development of the LGIT RF Products for the purposes of this
Agreement, (b) modify, translate, reverse engineer, decompile, disassemble or
otherwise attempt (i) to defeat, avoid, bypass, remove, deactivate or
otherwise circumvent any software protection mechanisms in the ParkerVision
Software including without limitation any such mechanism used to restrict or
control the functionality of the ParkerVision Software, or (ii) to derive
the source code or the underlying ideas, algorithms, structure or organization
from the ParkerVision Software or ParkerVision RF Components; (c) alter, adapt,
modify or translate the ParkerVision Software in any way for any purpose,
including without limitation error correction; or (d) distribute, rent, loan,
lease, transfer or grant any rights in the ParkerVision Software or
modifications thereof in any form to any person or entity.

       

      2.4 Development
Tools.  Upon request of LGIT, ParkerVision shall provide to
LGIT pursuant to mutually agreeable terms and conditions certain Development
Tools as described in the SOW.  LGIT agrees to use items delivered to
it by ParkerVision solely for the purposes consistent with this Agreement,
agrees not to dispose of items delivered to it by ParkerVision hereunder and/or
pursuant to the SOW (by sale, transfer or otherwise) without the prior written
consent of ParkerVision, and agrees not to disclose or use such items in any
manner inconsistent with the limitations imposed upon such use and disclosure by
ParkerVision.

       

      2.5 Engineering
Personnel.  As specified in the SOW, ParkerVision shall provide
a suitably qualified and reasonably staffed engineering support team with
clearly defined contact points and escalation processes. Each party shall
appoint one (1) project manager who will act as a general liaison with the other
party for the term of this Agreement.

       

      2.6 Support
Services.  After completion of each party’s tasks specified in
the SOW and acceptance by LGIT of ParkerVision’s Final Deliverable (as defined
below) under the SOW, ParkerVision shall provide to LGIT reasonable technical
support as LGIT may request from time to time.

       

      
        	
                3.  

              	
                DELIVERY
      AND ACCEPTANCE

              

      

       

      3.1 Deliverables.  ParkerVision
shall develop and deliver to LGIT the deliverables specified in the SOW in
accordance with the terms and conditions of this Agreement. Subject to the terms
and conditions set forth in the SOW, deliverables to be provided by ParkerVision
are set forth in the SOW and may include a description of the technical approach
selected for implementing the ParkerVision RF Components, a development program
plan identifying program tasks, responsibilities, and schedules, the completion
of development tasks, suggested development schedules with key milestones and
design reviews, and the delivery of the Development
Tools.  ParkerVision may also provide specifications and best-practice
guidelines for system level design, pursuant to the SOW.

       

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

      
        
          
            
               

              
                
                  
                    	
                            *
      CERTAIN INFORMATION IN THIS EXHIBIT HAS BEEN OMITTED AND FILED SEPARATELY
      WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH
      RESPECT TO THE OMITTED
PORTIONS.

                          

                  

                

              

            

          

        

         

      

      3.2 Acceptance.
ParkerVision shall, [*],
deliver to LGIT the deliverables specified in the SOW at the place designated by
LGIT, and shall use commercially reasonable efforts to complete the delivery by
the agreed delivery schedule (“Delivery
Date”).  LGIT shall conduct acceptance testing of the
deliverables (“Acceptance Test”) and
notify ParkerVision of the results of the Acceptance Test in writing within
[*] days after the
delivery of the deliverables. Upon successful completion of, and closure of
action items from the review and Acceptance Test of, the final deliverable in
the SOW (the “Final
Deliverable”), LGIT shall accept such Final Deliverable.  If
within [*] days of such
review and Acceptance Test, LGIT fails to provide ParkerVision with either
written notice of acceptance or written notice of rejection of the Final
Deliverable, LGIT will be deemed to have accepted such Final
Deliverable.

       

      3.3 Rejection.  LGIT
may, in good faith and after determining that the Final Deliverable does not
comply in all material respects with the Final Deliverable requirements set
forth in the SOW, reject such Final Deliverable; provided that LGIT provides
written documentation to ParkerVision noting the areas in which the Final
Deliverable fails to comply with the requirements set forth in the
SOW.  If LGIT rejects, in good faith, the Final Deliverable specified
in the SOW after attempts to correct by ParkerVision made within [*] months from the Effective
Date, then LGIT may, at its sole option, pursue any of the following options
upon provision of written notice to ParkerVision:

       

      3.3.1 terminate
this Agreement immediately;

       

      3.3.2 continue
to allow ParkerVision to correct the Final Deliverable based on the existing
Specifications or based on mutually agreed revised Specifications;
or

       

      3.3.3 choose to
accept the non-compliant Final Deliverable based on the existing Specifications
or based on mutually agreed revised Specifications.

       

      The
parties acknowledge and agree that the above options in 3.3.1, 3.3.2 and 3.3.3
of this Section 3.3 (Rejection) are not mutually exclusive.

       

      
        	
                4.  

              	
                LGIT
      RESPONSIBILITIES

              

      

       

      4.1 Development of LGIT RF
Product.  LGIT shall use commercially reasonable efforts to
fulfill its obligations under the SOW and to incorporate the ParkerVision RF
Components into the LGIT RF Products for production release.

       

      4.2 LGIT Testing
Equipment.   LGIT shall provide pursuant to mutually
agreeable terms and conditions certain testing equipment to ParkerVision (“LGIT Testing
Equipment”) as specified in the SOW.  ParkerVision agrees to
use LGIT Testing Equipment delivered to it by LGIT solely for the purposes
consistent with this Agreement, agrees not to dispose of items delivered to it
by LGIT hereunder and/or pursuant to the SOW (by sale, transfer or otherwise)
without the prior written consent of LGIT, and agrees not to disclose or use
such items in any manner inconsistent with the limitations imposed upon such use
and disclosure by LGIT.  

       

      4.3 Support.  LGIT
shall be responsible for providing any technical support to its end-user
customers as necessary for using the LGIT RF Products.

       

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

      
        
          
            
              
                 

                
                  
                    
                      	
                              *
      CERTAIN INFORMATION IN THIS EXHIBIT HAS BEEN OMITTED AND FILED SEPARATELY
      WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH
      RESPECT TO THE OMITTED
PORTIONS.

                            

                    

                  

                

              

            

          

        

      

       

      
        	
                5.  

              	
                JOINT
      RESPONSIBILITIES

              

      

       

      5.1 Specifications.  The
parties agree to work together to define Specifications that will address the
market requirements for incorporating ParkerVision RF Components into LGIT RF
Products for application into handset and data card products.

       

      5.2 Marketing and
Promotion.  The parties also agree to use commercially
reasonable efforts to market and promote such LGIT RF Products to the mobile
terminal industry, to identify target customers to market and promote the LGIT
RF Products, and cooperate in promoting the LGIT RF Products to such potential
customers as chipset vendors, mobile terminal OEMs and service providers
internationally.

       

      
        	
                6.  

              	
                PURCHASING
      TERMS

              

      

       

      6.1 Known Good
Die.  ParkerVision shall sell to LGIT Known Good Die (KGD)
ParkerVision RF Components in the form of unpackaged integrated
circuits.  ParkerVision shall provide reasonable purchasing terms,
once the development work under this Agreement and the SOW is successfully
completed, outlining pricing and delivery information relating to the sale of
ParkerVision RF Components to LGIT.

       

      6.2 Field of
Use.  LGIT shall only sell ParkerVision RF Components
incorporated into LGIT RF Products for use in commercial mobile handset or
datacard applications employing waveform standards GSM, EDGE, WCDMA, HSPA in any
combination or subset therein as defined by the 3GPP standards
body.

       

      6.3 Additional
Consideration.

       

      6.3.1 Intent.  ParkerVision
intends to work with LGIT to aid it in its efforts to develop and commercialize
the LGIT RF Products during the term of the Agreement as set forth in this
Agreement.  ParkerVision intends to work with LGIT to provide it with
the unique solutions defined within the SOW and the high quality technical and
business support that is reasonably needed to meet both parties’ commercial
objectives related to the ParkerVision RF Components developed under the terms
of this Agreement. Both parties believe that the successful commercialization of
the LGIT RF Product can result in LGIT becoming a leading global supplier in the
market for HEDGE RF modules for mobile handset and datacard
applications.

       

      [*]

       

      
        	
                7.  

              	
                FEES
      AND PAYMENT

              

      

       

      7.1 Expenses.  Each
party agrees to furnish, [*], all tools and materials
necessary to perform its obligations under this Agreement and shall bear all
expenses associated with such performance unless specified otherwise in the SOW or
otherwise agreed by the parties.

       

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

      
        
          
            
              
                 

                
                  
                    
                      	
                              *
      CERTAIN INFORMATION IN THIS EXHIBIT HAS BEEN OMITTED AND FILED SEPARATELY
      WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH
      RESPECT TO THE OMITTED
PORTIONS.

                            

                    

                  

                

              

            

          

        

      

       

      [*]

       

      
        	
                8.  

              	
                OWNERSHIP

              

      

       

      8.1 ParkerVision.

       

      8.1.1 ParkerVision RF Components
and Development Tools.  ParkerVision hereby retains all right,
title and interest in and to the Intellectual Property Rights relating to the
ParkerVision RF Components and any Development Tools provided under this
Agreement regardless of whether developed prior to or pursuant to this
Agreement.  ParkerVision shall have the exclusive right to apply for
or register patents, copyrights, and such other proprietary protections as it
wishes with respect to the ParkerVision RF Components and any Development Tools
provided under this Agreement.

       

      8.1.2 Improvements.  ParkerVision
shall be the sole and exclusive owner of any and all right, title and interest
in and to any Improvements to ParkerVision RF Components that may be jointly
developed (i.e., jointly authored, as defined under United States Copyright Act
(Title 17 of the United States Code), or jointly invented, as defined under the
United States Patent Act (Title 35 of the United States Code), regardless of
whether such Improvements to ParkerVision RF Components are patented or
patentable) by one (1) or more employees of ParkerVision and one (1) or more
employees of LGIT hereunder, and all Intellectual Property Rights
therein.  LGIT hereby irrevocably transfers, conveys and assigns, and
agrees to irrevocably transfer, convey and assign, to ParkerVision, without
reservation and in perpetuity, all right, title, and interest that LGIT may have
in and to any such jointly developed Improvements to ParkerVision RF Components,
including without limitation all Intellectual Property Rights with respect
thereto in any and all countries.  ParkerVision shall have the
exclusive right to apply for or register patents, copyrights, and such other
proprietary protections as it wishes.  LGIT agrees to execute such
documents, render such assistance, and take such other action as ParkerVision
may reasonably request, at ParkerVision’s expense, to apply for, register,
perfect, confirm, and protect ParkerVision’s rights in any Improvements to
ParkerVision RF Components.

       

      8.2 LGIT.

       

      8.2.1 LGIT RF
Products.  LGIT hereby retains all right, title and interest in
and to the Intellectual Property Rights relating to the LGIT RF Products except
for ParkerVision RF Components incorporated therein.  LGIT shall have
the exclusive right to apply for or register patents, copyrights, and such other
proprietary protections as it wishes with respect to the LGIT RF Products except
for ParkerVision RF Components incorporated therein.

       

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

      
        
          
            
              
                 

                
                  
                    
                      	
                              *
      CERTAIN INFORMATION IN THIS EXHIBIT HAS BEEN OMITTED AND FILED SEPARATELY
      WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH
      RESPECT TO THE OMITTED
PORTIONS.

                            

                    

                  

                

              

            

          

        

      

       

      8.2.2 Improvements.  LGIT
shall be the sole and exclusive owner of any and all right, title and interest
in and to any Improvements to LGIT RF Products that may be jointly developed
(i.e., jointly authored, as defined under United States Copyright Act (Title 17
of the United States Code), or jointly invented, as defined under the United
States Patent Act (Title 35 of the United States Code), regardless of whether
such Improvements to LGIT RF Products are patented or patentable) by one (1) or
more employees of ParkerVision and one (1) or more employees of LGIT hereunder,
and all Intellectual Property Rights therein.  ParkerVision hereby
irrevocably transfers, conveys and assigns, and agrees to irrevocably transfer,
convey and assign, to LGIT, without reservation and in perpetuity, all right,
title, and interest that ParkerVision may have in and to any such jointly
developed Improvements to LGIT RF Products, including without limitation all
Intellectual Property Rights with respect thereto in any and all
countries.  LGIT shall have the exclusive right to apply for or
register patents, copyrights, and such other proprietary protections as it
wishes.  ParkerVision agrees to execute such documents, render such
assistance, and take such other action as LGIT may reasonably request, at LGIT’s
expense, to apply for, register, perfect, confirm, and protect LGIT’s rights in
any Improvements to LGIT RF Products.  For purposes of this Section
8.2.2 (Improvements), the way in which ParkerVision RF Components are integrated
into the LGIT RF Products is not considered an Improvement to the LGIT RF
Product.

       

      
        	
                9.  

              	
                PUBLIC
      ANNOUNCEMENT

              

      

      

      The
parties agree that neither party shall make any other announcement concerning
the execution or content of this Agreement without the other party’s express
written consent.  However, either of the parties may at any time make
announcements that are required by applicable law, regulatory bodies, or stock
exchange or stock association rules, so long as the party so required to make
the announcement, promptly upon learning of such requirement, notifies the other
party of such requirement and discusses with the other party in good faith the
exact wording of such announcement.

       

      
        	
                10.  

              	
                CONFIDENTIAL
      INFORMATION

              

      

       

      10.1 “Confidential
Information” means, with respect to either party, any confidential
business or technical information, including know-how, whether or not patentable
or copyrightable, that the disclosing party identifies as confidential or
proprietary at the time it is disclosed or delivered to the receiving
party.  Any information disclosed or provided under an SOW is
Confidential Information whether or not such information is marked or identified
as confidential or proprietary.

       

      10.2 Exceptions.  Confidential
Information does not include any information that the receiving party can
demonstrate by written records: (a) was known to the receiving party prior
to its disclosure hereunder by the disclosing party; (b) is independently
developed by the receiving party; (c) is or becomes publicly known through
no wrongful act of the receiving party; (d) has been rightfully received
from a third party whom the receiving party has reasonable grounds to believe is
authorized to make such disclosure without restriction; or (e) has been
approved for public release by the disclosing party’s prior written
authorization.  Each party may disclose any Confidential Information
as required to be produced or disclosed pursuant to applicable law, regulation
or court order, provided that the receiving party provides prompt advance notice
thereof to enable the disclosing party to seek a protective order or otherwise
prevent such disclosure.  In addition, each party may disclose the
existence and terms of this Agreement in confidence in connection with a
potential acquisition of substantially the entire business of such party or a
private offering of such party’s securities, or to the extent required by law in
connection with a public offering of such party’s securities.

       

      
        
          
          

        

        
          7

          
            

          

        

        
          
          

        

      

      
        
          
            
               

              
                
                  
                    	
                            *
      CERTAIN INFORMATION IN THIS EXHIBIT HAS BEEN OMITTED AND FILED SEPARATELY
      WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH
      RESPECT TO THE OMITTED
PORTIONS.

                          

                  

                

              

            

          

        

         

      

      10.3 Non-Disclosure and
Non-Use.  Each party will: (i) not use any Confidential
Information of the other party except as permitted by this Agreement; (ii) not
disclose any such Confidential Information to any person or entity other than
its own employees, consultants and subcontractors who have a need to know and
who have executed in advance of receiving such Confidential Information a
suitable nondisclosure and restricted use agreement that comports with the
applicable provisions of this Agreement; and (iii) use all reasonable efforts to
keep such Confidential Information strictly confidential.  Each party
will use reasonable efforts to enforce such nondisclosure and restricted use
agreements.

       

      
        	
                11.  

              	
                TERM

              

      

       

      This
Agreement shall commence on the Effective Date and continue for three (3) years
unless terminated pursuant to Section 12 (Termination).

       

      
        	
                12.  

              	
                TERMINATION

              

      

       

      12.1 Termination for
Breach.  In the event of a material breach of this Agreement,
the nonbreaching party shall be entitled to terminate this Agreement by written
notice to the breaching party, if such breach is not cured within [*] days after written notice
is given by the nonbreaching party to the breaching party specifying the
breach.

       

      12.2 Termination for
Insolvency.  Either party may terminate this Agreement
immediately if the other party is adjudicated bankrupt, becomes insolvent, makes
a general assignment for the benefit of creditors, or enters dissolution or
liquidation proceedings.

       

      12.3 Termination if Final
Acceptance Not Achieved.  LGIT may terminate this Agreement
with [*] days written
notice if Final Acceptance does not occur within [*] months from the Effective
Date.

       

      12.4 Effect of Termination or
Expiration.

       

      12.4.1 Return of
Materials.  In the event this Agreement expires or is
terminated by either party, then each party shall return to the other party or
destroy all documents, materials and other tangible objects containing or
representing Confidential Information and all copies thereof and any documents,
materials and other tangible objects belonging to the other party, provided to
it by the other party hereunder, or any portion thereof, in its possession or
control.

       

      12.4.2 Payment of
Fees.  Upon any expiration or termination becoming effective,
either party will, within sixty (60) days thereafter, or otherwise as they
become due, pay all fees hereunder and interest owed the other party as of the
date of such termination or expiration.

       

      
        
          
          

        

        
          8

          
            

          

        

        
          
          

        

      

      
        
          
            
               

              
                
                  
                    	
                            *
      CERTAIN INFORMATION IN THIS EXHIBIT HAS BEEN OMITTED AND FILED SEPARATELY
      WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH
      RESPECT TO THE OMITTED
PORTIONS.

                          

                  

                

              

            

          

        

         

      

      12.5 Survival of Certain
Provisions.  The provisions of Sections 1 (Definitions), 2.3
(No Reverse Engineering), 8 (Ownership), 10 (Confidential Information), 13
(Warranties), 14 (Indemnification), 15 (Limitation of Liability) and 16 (General
Provisions) of this Agreement will survive any expiration or termination of this
Agreement.

       

      
        	
                13.  

              	
                WARRANTIES

              

      

       

      
        	
                13.1  

              	
                Warranties.

              

      

       

      13.1.1 Warranties by
ParkerVision.  ParkerVision hereby represents and warrants to
LGIT that: (a) it has the full right, power and authority to enter into this
Agreement and grant the rights granted hereunder; (b) this Agreement is a valid
and binding obligation of such party; (c) it has obtained and shall maintain
throughout the term of this Agreement all necessary licenses, authorizations,
approvals and consents to enter into and perform its obligations hereunder in
compliance with all applicable laws, rules and regulations; (d) the Final
Deliverable (and any part thereof) shall not violate or infringe any
Intellectual Property Rights of a third party; (e) ParkerVision has all rights
with respect to any software tools which are necessary for ParkerVision to
perform its obligations and deliver the specified deliverables to LGIT, under
this Agreement; (f) ParkerVision has not sold, assigned, leased or disposed of,
encumbered any rights granted to LGIT under this Agreement, or entered into any
other agreements that would conflict with its obligations under this Agreement;
and (g) the Final Deliverable shall, as from the Acceptance Date and for a
period of one (1) year thereafter, be free from all errors, defects in design,
materials and workmanship and shall comply with all the applicable
Specifications thereof, and upon the request of LGIT, ParkerVision shall,
without prejudice to any other remedy which LGIT may have, at LGIT’s option,
immediately repair or replace, at LGIT’s option, any such errors or defects, and
deliver the repaired or replaced items to LGIT within [*] days of such request at
the costs and expenses of ParkerVision.

       

      13.1.2 Warranties by
LGIT.  LGIT hereby represents and warrants to ParkerVision
that: (a) it has the full right, power and authority to enter into this
Agreement and grant the rights granted hereunder; (b) this Agreement is a valid
and binding obligation of such party; and (c) it has obtained and shall maintain
throughout the term of this Agreement all necessary licenses, authorizations,
approvals and consents to enter into and perform its obligations hereunder in
compliance with all applicable laws, rules and regulations.

       

      13.2 Disclaimer of Other
Warranties.  EXCEPT AS SET FORTH IN SECTION 13.1 (WARRANTIES),
NEITHER PARTY MAKES ANY WARRANTIES TO THE OTHER, EITHER EXPRESS, IMPLIED OR
STATUTORY, AND EACH PARTY HEREBY DISCLAIMS ANY AND ALL SUCH WARRANTIES,
INCLUDING BUT NOT LIMITED TO ANY WARRANTIES OF MERCHANTABILITY, FITNESS FOR A
PARTICULAR PURPOSE, OR NON-INFRINGEMENT.

       

      
        
          
          

        

        
          9

          
            

          

        

        
          
          

        

      

      
        
          
            
               

              
                
                  
                    	
                            *
      CERTAIN INFORMATION IN THIS EXHIBIT HAS BEEN OMITTED AND FILED SEPARATELY
      WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH
      RESPECT TO THE OMITTED
PORTIONS.

                          

                  

                

              

            

          

        

      

       

      
        	
                14.  

              	
                INDEMNIFICATION

              

      

       

      
        	
                14.1  

              	
                ParkerVision
      Obligations.  

              

      

       

      14.1.1 Intellectual Property
Indemnity.  Subject to prompt, written notification by LGIT,
cooperation by LGIT and control of all litigation and/or settlement by
ParkerVision, ParkerVision shall defend LGIT from and against any third party
claims brought against LGIT alleging that any ParkerVision RF Components
delivered to LGIT under this Agreement or otherwise used by LGIT in accordance
with the terms hereof infringes or misappropriates any Intellectual Property
Rights of any third party.  LGIT agrees to notify ParkerVision
promptly of any matters in respect to which the foregoing indemnity in this
Section 14.1 may apply.  If notified in writing of any action or claim
for which ParkerVision is to provide the foregoing indemnity, ParkerVision shall
defend or settle those actions or claims [*].  ParkerVision
shall keep LGIT reasonably informed of the status of any claim which
ParkerVision is defending and shall consult reasonably with LGIT with respect
thereto.  Notwithstanding the foregoing, ParkerVision shall obtain
LGIT’s advance written consent if LGIT is required to incur or admit liability
as a result of such settlement by ParkerVision.

       

      14.1.2 Remedy in the Event of
Prohibition of Use.  If a preliminary or final judgment is, or
is reasonably likely to be, entered against LGIT’s use, sale, lease or
distribution of any LGIT RF Product that incorporates ParkerVision RF
Components, due to infringement of any third party Intellectual Property Rights
by the ParkerVision RF Components, or if ParkerVision reasonably believes that
the ParkerVision RF Components may be found to infringe any Intellectual
Property Rights, then ParkerVision shall, [*], either (a) modify the
ParkerVision RF Components so that they become noninfringing, (b) substitute the
ParkerVision RF Components with other non-infringing products with materially
the same functionality (or better) as the infringing ParkerVision RF Components
or parts or (c) obtain a license to permit LGIT to exercise the rights granted
hereunder; provided, however, that in the event that ParkerVision is unable
after using commercially reasonable efforts to accomplish either (a), (b) or
(c), then LGIT agrees to cease any and all use, sale, lease and distribution of
any LGIT RF Product that incorporates such ParkerVision RF Components within
thirty (30) days of receipt of notice from ParkerVision or such earlier time as
may be required to comply with a court order, [*].

       

      14.2 Limitation of
Indemnification Liability.  In no event shall ParkerVision be
liable under Section 14 (ParkerVision Obligations) for any infringement or
misappropriation:  (i) by any product not provided by
ParkerVision hereunder; or (ii) arising from a combination with, addition
to, or modification of the ParkerVision RF Components by anyone other than
ParkerVision.

       

      14.3 Sole
Remedy.  THIS SECTION 14 (INDEMNIFICATION) STATES THE SOLE AND
EXCLUSIVE LIABILITY OF THE PARTIES FOR INFRINGEMENT OR ALLEGATIONS OF
INFRINGEMENT OF INTELLECTUAL PROPERTY RIGHTS OF THIRD PARTIES FOR ANY PRODUCT
PROVIDED HEREUNDER, AND IS IN LIEU OF ALL WARRANTIES, EXPRESS, IMPLIED OR
STATUTORY IN REGARD THERETO, INCLUDING BUT NOT LIMITED TO THE WARRANTY AGAINST
INFRINGEMENT SPECIFIED IN THE UNIFORM COMMERCIAL CODE.

       

      
        
          
          

        

        
          10

          
            

          

        

        
          
          

        

      

      
        
          
            
               

              
                
                  
                    	
                            *
      CERTAIN INFORMATION IN THIS EXHIBIT HAS BEEN OMITTED AND FILED SEPARATELY
      WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH
      RESPECT TO THE OMITTED
PORTIONS.

                          

                  

                

              

            

          

        

         

      

      
        	
                15.  

              	
                LIMITATION
      OF LIABILITY

              

      

       

      15.1 Consequential
Damages.  IN NO EVENT WILL EITHER PARTY BE LIABLE TO THE OTHER
FOR LOST PROFITS OR ANY SPECIAL, INDIRECT, INCIDENTAL, CONSEQUENTIAL OR PUNITIVE
DAMAGES (EXCEPT TO THE EXTENT THAT SUCH LOST PROFITS OR SUCH DAMAGES CONSTITUTE
THE MEASURE OF DIRECT DAMAGES UNDER THE RELEVANT INTELLECTUAL PROPERTY LAWS,
EXCEPT FOR A BREACH OF EITHER PARTY’S CONFIDENTIALITY OBLIGATIONS UNDER SECTION
10 (CONFIDENTIAL INFORMATION) OF THIS AGREEMENT, AND EXCEPT FOR AMOUNTS PAYABLE
TO THIRD PARTIES UNDER SECTION 14 (INDEMNIFICATION)), HOWEVER CAUSED AND ON ANY
THEORY OF LIABILITY, ARISING IN ANY WAY IN CONNECTION WITH THIS
AGREEMENT.  THIS LIMITATION WILL APPLY EVEN IF SUCH PARTY HAS BEEN
ADVISED OF THE POSSIBILITY OF SUCH DAMAGES AND NOTWITHSTANDING ANY FAILURE OF
ESSENTIAL PURPOSE OF ANY LIMITED REMEDY.

       

      15.2 Damages
Cap.  IN NO EVENT WILL EITHER PARTY’S LIABILITY ARISING IN ANY
WAY IN CONNECTION WITH THIS AGREEMENT EXCEED [*].  HOWEVER, THE
FOREGOING LIMITATION OF LIABILITY IN THIS SECTION 15.2 SHALL NOT APPLY WITH
RESPECT TO EITHER PARTY’S BREACH OF ITS CONFIDENTIALITY OBLIGATIONS UNDER
SECTION 10 (CONFIDENTIAL INFORMATION) OF THIS AGREEMENT [*].

       

      
        	
                16.  

              	
                GENERAL
      PROVISIONS

              

      

       

      16.1 Assignment.  This
Agreement may not be assigned in whole or in part by either party without the
written consent of the other, which consent will not be unreasonably withheld,
except that LGIT or ParkerVision may assign this Agreement in connection with a
merger, reorganization, change of control or sale of all or substantially all of
its assets or business to which this Agreement relates.

       

      
        16.2  Notice.

      

       

      16.2.1 Unless
otherwise changed by notice in writing from LGIT to ParkerVision, ParkerVision
shall serve notice upon LGIT as follows:

      

      Chief
Technology Officer

      LG
Innotek Co., Ltd.

      20
Yeouido-dong

      Yeongdeungpo-gu,
Seoul, Korea

       

      
        
          
          

        

        
          11

          
            

          

        

        
          
          

        

        
          
            
              
                
                   

                  
                    
                      
                        	
                                *
      CERTAIN INFORMATION IN THIS EXHIBIT HAS BEEN OMITTED AND FILED SEPARATELY
      WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH
      RESPECT TO THE OMITTED
PORTIONS.

                              

                      

                    

                  

                

              

            

          

        

      

       

      Unless
otherwise changed by notice in writing from ParkerVision to LGIT, LGIT shall
serve notice upon ParkerVision as follows:

      

      Chief
Executive Officer

      ParkerVision,
Inc.

      7915
Baymeadows Way, Suite 400

      Jacksonville,
Florida 32256

      

      With copy
to:

      

      Chief
Financial Officer

      ParkerVision,
Inc.

      7915
Baymeadows Way, Suite 400

      Jacksonville,
Florida 32256

       

      16.2.2 Notice
shall be made by regular or priority mail, recognized commercial overnight
courier, hand delivery, facsimile transmission or electronic mail with proof of
receipt, and shall be effective as of the date received.

       

       

      16.3 Severability.  If
any paragraph or provision of this Agreement shall be deemed void or invalid as
a matter of law, the remaining paragraphs or provisions of this Agreement shall
nevertheless remain in full force and effect.

       

      16.4 No Joint Venture,
etc.  Nothing herein shall be deemed to constitute ParkerVision
and LGIT as partners, joint venturers or otherwise associated in or with the
business of the other.  Neither party shall be liable for any debts,
accounts, obligations or other liabilities of the other
party.  Neither party is authorized to incur any debts or other
obligations of any kind on the part of or as agent for the other except as may
be specifically authorized in writing.

       

      16.5 No Implied
Obligations.  Nothing in this Agreement shall be deemed to
prevent either party from developing (independently or jointly with third
parties) or commercializing products similar to, complimentary or competitive
with the products that are subject to this Agreement; except that neither party
shall violate its obligations of confidentiality under Section 10 (Confidential
Information) or knowingly infringe the Intellectual Property Rights of the other
party.

       

      16.6 Waiver.  No
relaxation, forbearance, delay or negligence by any party hereto in enforcing
any of the terms and conditions of this Agreement, or the granting of time by
any party to another, shall operate as a waiver or prejudice, affect or restrict
the rights, powers or remedies of any party hereto.

       

      16.7 Complete
Agreement.  This Agreement and the Exhibits attached hereto
represent the full and complete agreement and understanding of the parties
hereto with respect to the subject matter hereof.  Any amendment
thereof must be in writing and executed by the parties hereto.

       

      
        
          
          

        

        
          12

          
            

          

        

        
          
          

        

      

      
        
          
            
               

              
                
                  
                    	
                            *
      CERTAIN INFORMATION IN THIS EXHIBIT HAS BEEN OMITTED AND FILED SEPARATELY
      WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH
      RESPECT TO THE OMITTED
PORTIONS.

                          

                  

                

              

            

          

        

      

       

      16.8 Governing
Law.  All questions of law, rights, and remedies regarding any
act, event or occurrence undertaken prior to or pursuant to this Agreement shall
be governed by and construed in accordance with the laws of the State of New
York, without regard to or application of choice of law rules or principles, and
the United States. The parties agree that all proceedings, disputes and claims
concerning the interpretation or the performance of this Agreement, including
questions involving its existence, validity and duration shall be subject to the
exclusive jurisdiction of federal courts in the State of New York, and the
parties voluntarily subject themselves to the jurisdiction of such
courts.

       

      16.9 Compliance with Export
Control Laws.  Each party agrees to comply with all applicable
export and reexport control laws and regulations, including the Export
Administration Regulations (“EAR”) maintained by the United States Department of
Commerce.  Specifically, each party covenants that it shall not
–  directly or indirectly – sell, export, reexport, transfer, divert,
or otherwise dispose of any software, source code, or technology (including
products derived from or based on such technology) received from the other party
under this Agreement to any country (or any individual national thereof) subject
to antiterrorism controls or U.S. embargo, or to any other person, entity, or
destination prohibited by the laws or regulations of the United States, without
obtaining prior authorization from the competent government authorities as
required by those laws and regulations. 

       

      16.10 Government
Approvals.  LGIT hereby represents and warrants that no
consent, approval or authorization of or designation, declaration or filing with
any governmental authority in Korea is required in connection with the valid
execution, delivery and performance of this Agreement.  LGIT
represents and warrants that the provisions of this Agreement, and the rights
and obligations of the parties hereunder, are enforceable under the laws of
Korea.

       

      16.11 Language.  This
Agreement is in the English language only, which language shall be controlling
in all respects, and all versions hereof in any other language shall not be
binding on the parties hereto.  All communications and notices to be
made or given pursuant to this Agreement shall be in the English
language.

       

      16.12   Multiple
Counterparts.  This Agreement may be executed in multiple
counterparts, each of which will be considered an original and all of which
together will constitute one agreement.  This Agreement may be
executed by the attachment of signature pages which have been previously
executed.

       

      16.13  Remedies
Cumulative.  Except as expressly provided herein, all rights
and remedies enumerated in this Agreement will be cumulative and none will
exclude any other right or remedy permitted herein or by law or in
equity.

       

      16.14  Headings.  The
headings contained in this Agreement are inserted for convenience of reference
only and are not intended to be a part of or to affect the meaning or
interpretation of this Agreement.

       

      
        
          
          

        

        
          13

          
            

          

        

        
          
          

        

      

      
        
          
            
              
                 

                
                  
                    
                      	
                              *
      CERTAIN INFORMATION IN THIS EXHIBIT HAS BEEN OMITTED AND FILED SEPARATELY
      WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH
      RESPECT TO THE OMITTED
PORTIONS.

                            

                    

                  

                

              

            

          

        

      

       

      16.15 Force
Majeure.  No party shall be responsible or liable to another
party for nonperformance or delay in performance of any terms or conditions of
this Agreement due to acts or occurrences beyond the reasonable control of the
nonperforming or delayed party, including but not limited to, acts of God, acts
of government, wars, riots, strikes or other labor disputes, fires and floods,
provided the nonperforming or delayed party provides to the other party written
notice of the existence and the reason for such nonperformance or
delay.  Notwithstanding the foregoing, the other party may terminate
this Agreement if such nonperformance or delay extends for a period greater than
ninety (90) days.

      

      IN
WITNESS WHEREOF, the parties have executed this Agreement through their duly
authorized representatives as set forth below:

       

      
        
          
            
              
                
                  
                    	
                            LG
      Innotek Co., Ltd.

                          	
                            ParkerVision,
      Inc.

                          
	 	 
	 
      	 
      
	
                            Signature:
      [*]                  
      

                          	
                            Signature:
      /s/ Jeffrey L.
      Parker        

                          
	 	 
	
                            Printed
      Name: [*]                 
      

                          	
                            Printed
      Name: Jeffrey L.
      Parker       

                          
	 	 
	
                            Title:
      Vice
      President               

                          	
                            Title:
      Chief Executive
      Officer          
      

                          

                  

                

              

            

          

        

      

       

       

      
        
          
          

        

        
          14

          
            

          

        

        
          
          

        

      

      
        
          
            
              
                 

                
                  
                    
                      	
                              *
      CERTAIN INFORMATION IN THIS EXHIBIT HAS BEEN OMITTED AND FILED SEPARATELY
      WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH
      RESPECT TO THE OMITTED
PORTIONS.

                            

                    

                  

                

              

            

          

        

      

       

      EXHIBIT
A

       

      SOW

      
 

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
        
          
            
              
                
                   

                  
                    
                      
                        	
                                *
      CERTAIN INFORMATION IN THIS EXHIBIT HAS BEEN OMITTED AND FILED SEPARATELY
      WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH
      RESPECT TO THE OMITTED
PORTIONS.

                              

                      

                    

                  

                

              

            

          

        

      

       

      
        Statement
of Work

        

        

        LG
Innotek / ParkerVision HEDGE Product Development Program

        

        
          
            
              
                
                  
                    
                      	
                              Document:

                            	
                              8580-XXX-XXXX

                            
	
                              Version:

                            	
                              01.03

                            
	
                              Date:

                            	
                              [*]

                            
	
                              Author:

                            	
                              [*]

                            
	
                              Status:

                            	
                              Pending
      Approval

                            

                    

                  

                

              

            

          

        

         

        

        Revision
History:

        

        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      	
                                              Version

                                            	
                                              Date

                                            	
                                              Contents

                                            
	
                                              01.00

                                            	
                                              [*]

                                            	
                                              Preliminary

                                            
	
                                              01.02

                                            	
                                              [*]

                                            	
                                              Preliminary

                                            
	
                                              01.03

                                            	
                                              [*]

                                            	
                                              Preliminary

                                            
	
                                              1.04

                                            	
                                              [*]

                                            	
                                              Added
      new dates

                                            
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

         

        
        

         

        
          
            	

                    This
      document contains information which is proprietary to ParkerVision, Inc.
      Transmittal, receipt, or possession of this document does not express,
      license, or imply any rights to use, design, or manufacture from this
      information. No reproduction, publication, or disclosure of this
      information, in whole or in part, shall be made without prior written
      authorization from an officer of ParkerVision, Inc.

                    

                    Document
      Control Information

                    Any
      major revision changes to this document require approval from the
      undersigned.

                  

          

        

         

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        
          
            
              
                
                   

                  
                    
                      
                        	
                                *
      CERTAIN INFORMATION IN THIS EXHIBIT HAS BEEN OMITTED AND FILED SEPARATELY
      WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH
      RESPECT TO THE OMITTED
PORTIONS.

                              

                      

                    

                  

                

              

            

             

          

        

        Document
Control Information

        

        Any major
revision changes to this document require approval from the
undersigned

        

        
          
            
              
                
                  
                    
                      
                        
                          
                            	
                                    John
      Stuckey

                                    VP
      Business Development

                                  	
                                    Date
      Approved

                                  
	
                                    [*]

                                    Director
      of Sales

                                  	
                                    Date
      Approved

                                  
	
                                    Dave
      Sorrells

                                    Chief
      Technical Officer

                                  	
                                    Date
      Approved

                                  
	
                                    Domingo
      Figueredo

                                    Engineering
      VP

                                  	
                                    Date
      Approved

                                  
	
                                    Name

                                    *Official
      Title* LG Innotek

                                  	
                                    Date
      Approved

                                  
	
                                    Name

                                    *Official
      Title* LG Innotek

                                  	
                                    Date
      Approved

                                  
	
                                    Name

                                    *Official
      Title* LG Innotek

                                  	
                                    Date
      Approved

                                  

                          

                        

                      

                    

                  

                

              

            

          

        

         

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        
          
            
              
                
                   

                  
                    
                      
                        	
                                *
      CERTAIN INFORMATION IN THIS EXHIBIT HAS BEEN OMITTED AND FILED SEPARATELY
      WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH
      RESPECT TO THE OMITTED
PORTIONS.

                              

                      

                    

                  

                

              

            

             

          

        

        Related
Documents

        

        The
following documents and their contents may be referenced in this document and it
is suggested the reader be familiar with them to gain a complete understanding
of the contents of this document.

        

        
          
            
              
                
                  	
                          Document
      Title

                        	
                          Document
      Number

                        	
                          Released
      Date

                        
	
                          LG
      Innotek / ParkerVision Purchasing Agreement

                        	
                          TBD

                        	
                          TBD

                        

                

              

            

          

        

         

        

         

        
          
            	

                    This
      is a Preliminary draft of the final document. The contents of this
      document are subject to change without notice.

                    

                    Suggestions
      for changes, modifications, clarifications, or other comments should be
      directed to the author listed on page
2.

                  

          

        

         

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        
          
            
              
                 

                
                  
                    
                      	
                              *
      CERTAIN INFORMATION IN THIS EXHIBIT HAS BEEN OMITTED AND FILED SEPARATELY
      WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH
      RESPECT TO THE OMITTED
PORTIONS.

                            

                    

                  

                

              

            

          

           

        

        Table of
Contents

        

         

        
          	
                  1.0  

                	
                  HEDGE
      PRODUCT DEVELOPMENT PROGRAM DEFINITION AND
SCOPE

                

        

        

        
          	
                  2.0  

                	
                  DEFINITION
      OF RESPONSIBILITIES

                

        

        

        
          	
                  3.0  

                	
                  PARKERVISION
      DELIVERABLES

                

        

        

        
          	
                  4.0  

                	
                  LGIT
      DELIVERABLES

                

        

        

        
          	
                  5.0  

                	
                  INTERFACE
      DEFINITION

                

        

        

        
          	
                  6.0  

                	
                  LGIT
      / PARKERVISION DEVELOPMENT TIMELINE

                

        

        

        
          	
                  7.0  

                	
                  INTER-COMPANY
      CONTACTS LIST

                

        

        

        
          	
                  8.0  

                	
                  PROGRAM
      MANAGEMENT REQUIREMENTS

                

        

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        
          
            
              
                 

                
                  
                    
                      	
                              *
      CERTAIN INFORMATION IN THIS EXHIBIT HAS BEEN OMITTED AND FILED SEPARATELY
      WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH
      RESPECT TO THE OMITTED
PORTIONS.

                            

                    

                  

                

              

            

          

           

        

        
          	
                  1.0  

                	
                  HEDGE
      Product Development Program Definition and
Scope

                

        

        

        

        Create a
HEDGE System in Package solution using ParkerVision’s [*] technology.  To
facilitate the fastest time to market, ParkerVision will provide a [*], based on the [*] solution including [*].  The
ParkerVision portion of the solution will be provided as known good die (“KGD”)
to LG Innotek (“LGIT”) per the terms of a separate Purchasing
Agreement.

        

        The
division of responsibilities, deliverables and timeline with key milestones will
be set forth in this Statement of Work (SOW).

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        
          
            
              
                
                  
                     

                    
                      
                        
                          	
                                  *
      CERTAIN INFORMATION IN THIS EXHIBIT HAS BEEN OMITTED AND FILED SEPARATELY
      WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH
      RESPECT TO THE OMITTED
PORTIONS.

                                

                        

                      

                    

                  

                

              

            

          

        

         

        
          	
                  2.0  

                	
                  Definition of Responsibilities
      – The following section defines the role each party shall play
      during the development and manufacturing of the System in Package (SIP)
      solution.

                

        

         

        
          	
                  2.1  

                	
                  ParkerVision

                

        

         

        
          	
                  2.1.1  

                	
                  Development –
      ParkerVision shall use best efforts to develop KGD based on the [*]
      specification.  ParkerVision shall meet the timeline and
      milestones set forth in this SOW.  ParkerVision will provide
      best-practice guidelines for system level design.  ParkerVision
      will provide a suitable Development Platform and Tools (hardware,
      software, documentation, and consultation) to implement the technology per
      this SOW.  ParkerVision shall provide a suitably qualified and
      reasonably staffed engineering support team with clearly defined contact
      points and escalation processes.  This team will act as advisors
      and consultants for LGIT during the development program as defined in this
      SOW.

                

        

        

        
          	
                  2.1.2  

                	
                  Manufacturing -
      ParkerVision shall be responsible to supply KGD based on the [*] specification and as
      defined by the terms set forth in the “Purchasing
      Agreement.”  ParkerVision agrees to supply a defined number of
      “Alpha” KGD’s for evaluation and qualification as defined in this
      SOW.

                

        

        

        
          	
                  2.2  

                	
                  LGIT

                

        

         

        
          	
                  2.2.1  

                	
                  Development – LGIT shall
      be responsible to provide a dedicated staff suitable to implement KGD’s
      into a SIP solution.  LGIT shall use best efforts to meet the
      timeline and milestones set forth in this SOW.  LGIT shall make
      all reasonable efforts to acquire [*] for the defined
      HEDGE application.  LGIT is responsible for providing standard
      and commercially available test and evaluation devices (such as Agilent
      test equipment).

                

        

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        
          
            
              
                
                  
                     

                    
                      
                        
                          	
                                  *
      CERTAIN INFORMATION IN THIS EXHIBIT HAS BEEN OMITTED AND FILED SEPARATELY
      WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH
      RESPECT TO THE OMITTED
PORTIONS.

                                

                        

                      

                    

                  

                

              

            

          

        

         

        
          	
                  2.2.2  

                	
                  Manufacturing – LGIT
      shall be responsible to manufacture a SIP module per the terms set forth
      in the “Purchasing Agreement” and to the agreed upon technical
      specifications.

                

        

        

        
          	
                  2.3  

                	
                  Joint
      Responsibilities

                

        

         

        
          	
                  2.3.1  

                	
                  Development –
      ParkerVision and LGIT agree to conduct regular conference calls and visits
      as necessary during the development period.  ParkerVision and
      LGIT shall mutually agree on any modifications to the development plan,
      timeline, or specifications.

                

        

         

        
          	
                  2.3.2  

                	
                  Marketing/Sales –
      ParkerVision and LGIT agree to work together to market the proposed
      solution to potential customers.

                

        

        

        
          	
                  3.0  

                	
                  ParkerVision
      Deliverables – ParkerVision will
provide:

                

        

         

        [*]

        

        
          	
                  4.0  

                	
                  LGIT
      Deliverables – LGIT will provide:

                

        

         

        [*]

        

        
          	
                  5.0  

                	
                  Interface Definition
      –The [*],
      as defined today, calls out for a [*] interface, but
      customer requirements may necessitate an interface change.  Both
      parties agree to define an Interface Control Document that outlines any
      and all customer interfaces.

                

        

        

        
          	
                  6.0  

                	
                  LGIT  /
      ParkerVision Development (High Level Milestones)
  Timeline

                

        

         

        
          	
                  6.1.1  

                	
                  Contract
      Signed – [*]

                

        

         

        
          	
                  6.1.2  

                	
                  Delivery
      of [*]

                

        

         

        
          	
                  6.1.3  

                	
                  Delivery
      of [*]

                

        

         

        
          	
                  6.1.4  

                	
                  LGIT
      finished SIP for Evaluation and Qualification
–

                

        

         

        [*]

        

        
          	
                  7.0  

                	
                  Inter-Company
      Contacts List, to be filled in when project
  starts:

                

        

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        
          
            
              
                
                  
                     

                    
                      
                        
                          	
                                  *
      CERTAIN INFORMATION IN THIS EXHIBIT HAS BEEN OMITTED AND FILED SEPARATELY
      WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH
      RESPECT TO THE OMITTED
PORTIONS.

                                

                        

                      

                    

                  

                

              

            

          

        

         

        
          	
                  7.1  

                	
                  LGIT
      Technical Lead Contact

                

        

         

        
          	
                  7.2  

                	
                  LGIT
      Program Management Contact

                

        

         

        
          	
                  7.3  

                	
                  LGIT
      Business Contact

                

        

         

        
          	
                  7.4  

                	
                  ParkerVision
      Lead Technical Contact

                

        

         

        
          	
                  7.5  

                	
                  ParkerVision
      Program Management Contact

                

        

         

        
          	
                  7.6  

                	
                  ParkerVision
      Business Contact

                

        

        

        
          	
                  8.0  

                	
                  Program
      Management Requirements – LGIT and ParkerVision will jointly define the
      following items before the conclusion of the
  project:

                

        

         

        
          	
                  8.1  

                	
                  Product
      Development Documentation Format and
Control

                

        

         

        
          	
                  8.2  

                	
                  Production
      Documentation Format and Control

                

        

         

        
          	
                  8.3  

                	
                  Documentation
      Review and Approval Process

                

        

         

        
          	
                  8.4  

                	
                  Design
      Review Documentation and Approval
Process

                

        

         

        
          	
                  8.4.1  

                	
                  System
      Design Review and Approval

                

        

         

        
          	
                  8.4.2  

                	
                  IC
      System and Sub-System Design Review and
Approval

                

        

         

        
          	
                  8.4.3  

                	
                  Product
      Design Review and Approval

                

        

         

        
          	
                  8.4.4  

                	
                  Production
      Design Review and Approval

                

        

         

        
          	
                  8.5  

                	
                  Conference
      Call Requirements

                

        

         

        
          	
                  8.5.1  

                	
                  Scheduled
      Calls Frequency and Time

                

        

         

        
          	
                  8.5.2  

                	
                  Non-Scheduled
      Calls Procedures

                

        

         

        
          	
                  8.6  

                	
                  E-mail
      Distribution Requirements

                

        

         

        
          	
                  8.6.1  

                	
                  E-mail
      Listings

                

        

         

        
          	
                  8.6.2  

                	
                  E-mail
      Notification Procedures

                

        

         

        
          	
                  8.7  

                	
                  FTP
      Server Requirements

                

        

         

        
          	
                  8.7.1  

                	
                  Capacity
      Requirements

                

        

         

        
          	
                  8.7.2  

                	
                  Maintenance
      Requirements

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00160-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00160-of-00352.parquet"}]]