Document:

Form of Restricted Stock Unit Issuance Agreement

 Exhibit 10.29 
 SJW CORP. 
 RESTRICTED STOCK UNIT ISSUANCE AGREEMENT 
 AMENDED AND RESTATED EFFECTIVE AS OF OCTOBER 22, 2008 
 RECITALS 
 A. The Board has adopted the Plan for the purpose of retaining the services of selected Employees of the
Corporation (or any Parent or Subsidiary). 
 B. Participant is to render valuable services to the Corporation (or a Parent or Subsidiary),
and this Agreement is executed pursuant to, and is intended to carry out the purposes of, the Plan in connection with the Corporation’s issuance of an equity incentive award under the Plan designed to retain Participant’s continued
service. 
 C. The Executive Compensation Committee of the Board previously made an Award of Restricted Stock Units to Participant on
January 2, 2008, and that Award is evidenced by a Restricted Stock Unit Issuance Agreement between the Corporation and Participant dated that same date. 
 D. The Corporation and Participant wish to execute this Amended and Restated Agreement solely for the purpose of bringing the Restricted Stock Unit Issuance Agreement into documentary compliance with the final
Treasury Regulations under Section 409A of the Code, effective October 22, 2008. 
 E. All capitalized terms in this Agreement
shall have the meaning assigned to them in the attached Appendix A. 
 NOW, THEREFORE, it is hereby agreed as follows: 
 1. Grant of Restricted Stock Units. The Corporation hereby awards to Participant, as of the Award Date, Restricted Stock Units under the
Plan. Each Restricted Stock Unit which vests during Participant’s period of Service shall entitle Participant to receive one share of Common Stock on the applicable vesting date. The number of shares of Common Stock subject to the awarded
Restricted Stock Units, the applicable vesting schedule for those shares, the applicable date or dates on which those vested shares shall become issuable to Participant and the remaining terms and conditions governing the award (the
“Award”) shall be as set forth in this Agreement. 
 Participant 
 Award Date: 
 Number of Shares  
 Subject to Award: 

 Vesting Schedule: 
 Issuance Schedule: 
 2. Limited Transferability. Prior to actual receipt of the Shares which vest and become
issuable hereunder, Participant may not transfer any interest in the Award or the underlying Shares. Any Shares which vest hereunder but which otherwise remain unissued at the time of Participant’s death may be transferred pursuant to the
provisions of Participant’s will or the laws of inheritance or to Participant’s designated beneficiary or beneficiaries of this Award. Participant may also direct the Corporation to re-issue the stock certificates for any Shares which in
fact vest and become issuable under the Award during his or her lifetime to one or more designated family members or a trust established for Participant and/or his or her family members. Participant may make such a beneficiary designation or
certificate directive at any time by filing the appropriate form with the Plan Administrator or its designee. 
 3. Cessation of
Service. Except as otherwise provided in Paragraph 4 or Paragraph 6 below, should Participant cease Service for any reason prior to vesting in one or more Shares subject to this Award, then the Award shall be immediately cancelled with
respect to those unvested Shares, and the number of Restricted Stock Units will be reduced accordingly. Participant shall thereupon cease to have any right or entitlement to receive any Shares under those cancelled units. 
 4. Accelerated Vesting. Should Participant cease Employee status by reason of death or Disability, then all of the Shares at the time
subject to this Award shall immediately vest, and the vested Shares shall be issued on the date of the Participant’s Separation from Service due to such cessation of Employee status or as soon as administratively practicable thereafter, subject
to the Corporation’s collection of the applicable Withholding Taxes, but in no event later than the close of the calendar year in which such Separation from Service occurs or (if later) the fifteenth (15th) day of the third
(3rd) calendar month following the date of such Separation from Service. 
  

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 5. Stockholder Rights. Participant shall not have any stockholder rights, including voting
rights or dividend rights, with respect to the Shares subject to the Award until the Shares vest and Participant becomes the record holder of those Shares upon their actual issuance following the Company’s collection of the applicable
Withholding Taxes. 
 6. Change in Control. 
 A. Any Restricted Stock Units subject to this Award at the time of a Change in Control may be assumed by the successor entity or otherwise
continued in full force and effect or may be replaced with a cash retention program of the successor entity which preserves the Fair Market Value of the underlying Shares at the time of the Change in Control and provides for the subsequent vesting
and payout of that value in accordance with the same vesting and payout provisions that would be applicable to those Shares in the absence of such Change in Control. In the event of such assumption or continuation of the Award or such replacement of
the Award with a cash retention program, no accelerated vesting of the Restricted Stock Units shall occur at the time of the Change in Control. 
 B. In the event the Award is assumed or otherwise continued in effect, the Restricted Stock Units subject to the Award will be adjusted immediately after the consummation of the Change in Control so as to apply to the
number and class of securities into which the Shares subject to those units immediately prior to the Change in Control would have been converted in consummation of that Change in Control had those Shares actually been issued and outstanding at that
time. To the extent the actual holders of the outstanding Common Stock receive cash consideration for the Common Stock in consummation of the Change in Control, the successor corporation may, in connection with the assumption or continuation of the
Restricted Stock Units subject to the Award at that time, substitute one or more shares of its own common stock with a fair market value equivalent to the cash consideration paid per share of Common Stock in the Change in Control transaction,
provided such shares are registered under the federal securities laws and readily tradable on an established securities exchange. 
 C. Should either of the following events occur during the period commencing with the earlier of (i) the execution date of any definitive agreement for a Change in Control transaction or (ii) the actual occurrence of
a Change in Control and ending with the earlier of (x) the expiration of the twenty-four (24)-month period measured from the effective date of the Change in Control or, to the extent applicable, (y) the date the definitive
agreement for the Change in Control transaction is terminated or cancelled without the consummation of the contemplated Change in Control transaction: 
 (i) Participant’s Employee status is terminated other than for Good Cause, or 
 (ii)
Participant resigns from Employee status for Good Reason, 
  

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 then all of the Shares at the time subject to this Award shall immediately vest, and
those vested Shares and shall be issued on the date of the Participant’s Separation from Service due to such termination or resignation or as soon as administratively practicable thereafter, subject to the Corporation’s collection of the
applicable Withholding Taxes, but in no event later than the close of the calendar year in which such Separation from Service occurs or (if later) the fifteenth (15th) day of the third (3rd) calendar month following the date of such
Separation from Service, unless a further deferral is required pursuant to Paragraph 9. 
 D. If the Restricted Stock Units
subject to this Award at the time of the Change in Control are not assumed or otherwise continued in effect or replaced with a cash retention program in accordance with Paragraph 6.A above, then those units shall vest immediately prior to the
closing of the Change in Control. The Shares subject to those vested units shall be converted into the right to receive the same consideration per share of Common Stock payable to the other stockholders of the Corporation in consummation of that
Change in Control, and such consideration per Share shall be distributed to Participant on the tenth (10th) business day following the earliest to occur of (i) the Issuance Date determined for that Share in accordance with
the Normal Vesting Schedule, (ii) the date of Participant’s Separation from Service or (iii) the first date following the Change in Control on which the distribution can be made without contravention of any applicable provisions of
Code Section 409A. Such distribution shall be subject to the Corporation’s collection of the applicable Withholding Taxes pursuant to the provisions of Paragraph 8. 
 E. This Agreement shall not in any way affect the right of the Corporation to adjust, reorganize or otherwise change its capital or
business structure or to merge, consolidate, dissolve, liquidate or sell or transfer all or any part of its business or assets. 
 7.
Adjustment in Shares. Should any change be made to the Common Stock by reason of any stock split, stock dividend, recapitalization, combination of shares, exchange of shares, spin-off transaction, extraordinary dividend or distribution
or other change affecting the outstanding Common Stock as a class without the Corporation’s receipt of consideration, or should the value of outstanding shares of Common Stock be substantially reduced as a result of a spin-off transaction or an
extraordinary dividend or distribution, or should there occur any merger, consolidation or other reorganization, then equitable adjustments shall be made by the Plan Administrator to the total number and/or class of securities issuable pursuant to
this Award in order to reflect such change and thereby prevent a dilution or enlargement of benefits hereunder. The determination of the Plan Administrator shall be final, binding and conclusive. In the event of a Change in Control, the adjustments
(if any) shall be made in accordance with the provisions of Paragraph 6. 
 8. Issuance of Shares/Collection of Withholding
Taxes. 
 A. On each applicable Issuance Date (or any earlier date on which the Shares are to be issued in accordance
with the terms of this Agreement), the Corporation shall issue to or on behalf of the Participant a certificate (which may be in electronic form) for the applicable number of shares of Common Stock, subject, however, to the Corporation’s
collection of the applicable Withholding Taxes. 
  

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 B. The Corporation shall collect the applicable Withholding Taxes with respect to the
Shares which vest and become issuable hereunder through an automatic share withholding procedure pursuant to which the Corporation will withhold, at the time of such vesting, a portion of the Shares with a Fair Market Value (measured as of the
applicable issuance date) equal to the amount of those taxes; provided, however, that the amount of any Shares so withheld shall not exceed the amount necessary to satisfy the Corporation’s required tax withholding obligations using the minimum
statutory withholding rates for federal and state tax purposes that are applicable to supplemental taxable income. 
 C.
Notwithstanding the foregoing provisions of Paragraph 8.B, the employee portion of the federal, state and local employment taxes required to be withheld by the Corporation in connection with the vesting of the Shares or any other amounts hereunder
(the “Employment Taxes”) shall in all events be collected from the Participant no later than the last business day of the calendar year in which the Shares or other amounts vest hereunder. Accordingly, to the extent the applicable issuance
date for one or more vested Shares or the distribution date for such other amounts is to occur in a year subsequent to the calendar year in which those Shares or other amounts vest, the Participant shall, on or before the last business day of the
calendar year in which the Shares or other amounts vest, deliver to the Corporation a check payable to its order in the dollar amount equal to the Employment Taxes required to be withheld with respect to those Shares or other amounts. The provisions
of this Paragraph 8.C shall be applicable only to the extent necessary to comply with the applicable tax withholding requirements of Code Section 3121(v). 
 D. Except as otherwise provided in Paragraph 6 and Paragraph 8.B, the settlement of all Restricted Stock Units which vest under the Award
shall be made solely in shares of Common Stock. In no event, however, shall any fractional shares be issued. Accordingly, the total number of shares of Common Stock to be issued pursuant to this Award shall, to the extent necessary, be rounded down
to the next whole share in order to avoid the issuance of a fractional share. 
 9. Deferred Issuance Date. Notwithstanding any
provision to the contrary in this Agreement, no Shares or other amounts which become issuable or distributable by reason of Participant’s Separation from Service shall actually be issued or distributed to Participant prior to the
earlier of (i) the first day of the seventh (7th) month following the date of such Separation from Service or (ii) the date of Participant’s death, if Participant is deemed at the time of such Separation from
Service to be a specified employee under Section 1.409A-1(i) of the Treasury Regulations issued under Code Section 409A, as determined by the Plan Administrator in accordance with consistent and uniform standards applied to all other Code
Section 409A arrangements of the Corporation, and such delayed commencement is otherwise required in order to avoid a prohibited distribution under Code Section 409A(a)(2). The deferred Shares or other distributable amount shall be issued
or distributed in a lump sum on the first day of the seventh (7th) month following the date of Participant’s Separation from Service or, if earlier, the first day of the month immediately following the date the Corporation receives proof
of Participant’s death. 
  

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 10. Benefit Limit. The benefit limitation of this Paragraph 10 shall
apply only to the extent Participant is not otherwise entitled to a Code Section 4999 tax gross-up, pursuant to the terms of the Corporation’s Executive Severance Plan, with respect to the Shares that vest on an accelerated basis in
connection with a Change in Control or subsequent cessation of Employee status: 
 In the event the vesting and issuance of
the Shares subject to this Award would otherwise constitute a parachute payment under Code Section 280G, then the vesting and issuance of those Shares shall be subject to reduction to the extent necessary to assure that the number of Shares
which vest and are issued under this Award will be limited to the greater of (i) the number of Shares which can vest and be issued without triggering a parachute payment under Code Section 280G or (ii) the maximum number
of Shares which can vest and be issued under this Award so as to provide the Participant with the greatest after-tax amount of such vested and issued Shares after taking into account any excise tax the Participant may incur under Code
Section 4999 with respect to those Shares and any other benefits or payments to which the Participant may be entitled in connection with any change in control or ownership of the Corporation or the subsequent termination of the
Participant’s Service. 
 11. Compliance with Laws and Regulations. The issuance of shares of Common Stock pursuant to the
Award shall be subject to compliance by the Corporation and Participant with all applicable requirements of law relating thereto and with all applicable regulations of any Stock Exchange on which the Common Stock may be listed for trading at the
time of such issuance. 
 12. Notices. Any notice required to be given or delivered to the Corporation under the terms of this
Agreement shall be in writing and addressed to the Corporation at its principal corporate offices. Any notice required to be given or delivered to Participant shall be in writing and addressed to Participant at the address indicated below
Participant’s signature line on this Agreement. All notices shall be deemed effective upon personal delivery or upon deposit in the U.S. mail, postage prepaid and properly addressed to the party to be notified. 
 13. Successors and Assigns. Except to the extent otherwise provided in this Agreement, the provisions of this Agreement shall inure to the
benefit of, and be binding upon, the Corporation and its successors and assigns and Participant, Participant’s assigns, the legal representatives, heirs and legatees of Participant’s estate and any beneficiaries of the Award designated by
Participant. 
 14. Construction. This Agreement and the Award evidenced hereby are made and granted pursuant to the Plan and
are in all respects limited by and subject to the terms of the Plan. All decisions of the Plan Administrator with respect to any question or issue arising under the Plan or this Agreement shall be conclusive and binding on all persons having an
interest in the Award. 
  

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 15. Governing Law. The interpretation, performance and enforcement of this Agreement shall
be governed by the laws of the State of California without resort to that State’s conflict-of-laws rules. 
 16. Employment at
Will. Nothing in this Agreement or in the Plan shall confer upon Participant any right to continue in Service for any period of specific duration or interfere with or otherwise restrict in any way the rights of the Corporation (or any Parent
or Subsidiary employing or retaining Participant) or of Participant, which rights are hereby expressly reserved by each, to terminate Participant’s Service at any time for any reason, with or without cause. 
 IN WITNESS WHEREOF, the parties have executed this Amended and Restated Agreement on the respective dates indicated below. 
  

			
	SJW CORP.
		
	By:	 	 
		
	Title:	 	 
		
	Date:	 	 
		 	
		
	Signature:	 	 
		
	Address:	 	 
		
		 	 
		
	Date:	 	 

  

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 APPENDIX A 
 DEFINITIONS 
 The following definitions shall be in effect under the Agreement: 
 A. Agreement shall mean this Restricted Stock Unit Issuance Agreement. 
 B. Award shall mean the award of Restricted Stock Units made to Participant pursuant to the terms of the Agreement. 
 C. Award Date shall mean the date the Restricted Stock Units are awarded to Participant pursuant to the Agreement and shall be the date
indicated in Paragraph 1 of the Agreement. 
 D. Board shall mean the Corporation’s Board of Directors. 
 E. Change in Control shall mean any change in control or ownership of the Corporation which occurs by reason of one or more of the
following events: 
 (i) the acquisition, directly or indirectly by any person or related group of persons (as such term is
used in Sections 13(d) and 14(d) of the Exchange Act), other than the Corporation or a person that directly or indirectly controls, is controlled by, or is under control with, the Corporation or an employee benefit plan maintained by any such
entity, of beneficial ownership (as defined in Rule 13d-3 of the Exchange Act) of securities of the Corporation that results in such person or related group beneficially owning securities representing thirty percent (30%) or more of the total
combined voting power of the Corporation’s then-outstanding securities; 
 (ii) a merger, recapitalization,
consolidation, or other similar transaction to which the Corporation is a party, unless securities representing at least 50% of the combined voting power of the then-outstanding securities of the surviving entity or a parent thereof are immediately
thereafter beneficially owned, directly or indirectly and in substantially the same proportion, by the persons who beneficially owned the Corporation’s outstanding voting securities immediately before the transaction; 
 (iii) a sale, transfer or disposition of all or substantially all of the Corporation’s assets, unless securities representing at
least 50% of the combined voting power of the then-outstanding securities of the entity acquiring the Corporation’s assets or parent thereof are immediately thereafter beneficially owned, directly or indirectly and in substantially the same
proportion, by the persons who beneficially owned the Corporation’s outstanding voting securities immediately before the transaction, 

 (iv) a merger, recapitalization, consolidation, or other transaction to which the
Corporation is a party of the sale, transfer, or other disposition of all or substantially all of the Corporation’s assets if, in either case, the members of the Board immediately prior to consummation of the transaction do not, upon
consummation of the transaction, constitute at least a majority of the board of directors of the surviving entity or the entity acquiring the Corporation’s assets, as the case may be, or a parent thereof (for this purpose, any change in the
composition of the board of directors that is anticipated or pursuant to an understanding or agreement in connection with a transaction will be deemed to have occurred at the time of the transaction, provided such change occurs within twelve
(12) months after the effective date of the transaction); or 
 (v) a change in the composition of the Board over a
period of thirty-six (36) consecutive months or less such that a majority of the Board members ceases by reason of one or more contested elections for Board membership, to be comprised of individuals who either (a) have been Board members
since the beginning of such period or (b) have been elected or nominated for election as Board members during such period by at least a majority of the Board members who were described in clause (a) or who were previously so elected or
approved and who were still in office at the time the Board approved such election or nomination; provided, however, that solely for purposes of determining whether a permissible Section 409A distribution can be made under Paragraph 6.D in
connection with such Change in Control event, the period for measuring a change in the composition of the Board shall be limited to a period of twelve (12) consecutive months or less; 
 provided that no Change in Control shall occur if the result of the transaction is to give more ownership or control of the Corporation to any person or related group of
persons who held securities representing more than thirty percent (30%) of the combined voting power of the Corporation’s outstanding securities as of March 3, 2003. 
 F. Code shall mean the Internal Revenue Code of 1986, as amended. 
 G. Common Stock shall mean the shares of the Corporation’s common stock. 
 H. Corporation shall mean SJW Corp., a California corporation, and any successor corporation to all or substantially all of the assets or
voting stock of SJW Corp. which shall by appropriate action adopt the Plan and/or assume the Award. 
 I. Disability shall mean
the Participant’s permanent and total disability as determined pursuant to Section 22(e)(3) of the Code. 
 J.
Employee shall mean an individual who is in the employ of the Corporation (or any Parent or Subsidiary), subject to the control and direction of the employer entity as to both the work to be performed and the manner and method of
performance; provided, however, that 

 
solely for purposes of determining whether Employee has incurred a Separation from Service, the term “Employee” shall have the meaning assigned to
such term in the Separation from Service definition set forth in this Appendix. 
 K. Fair Market Value per share of Common
Stock on any relevant date shall be the closing selling price per share on the date in question on the Stock Exchange on which the Common Stock is at that time primarily traded, as such price is officially quoted in the composite tape of
transactions on such exchange. If there is no reported sale of Common Stock on such Stock Exchange on the date in question, then the Fair Market Value shall be the closing selling price on the exchange on the last preceding date for which such
quotation exists. 
 L. Good Cause shall mean: 
 (i) Any act or omission by the Participant that results in substantial harm to the business or property of the Corporation (or any Parent
or Subsidiary) and that constitute dishonesty, intentional breach of fiduciary obligation or intentional wrongdoing, or 
 (ii) Participant’s conviction of a criminal violation involving fraud or dishonesty. 
 The foregoing definition
shall not in any way preclude or restrict the right of the Corporation (or any Parent or Subsidiary) to discharge or dismiss Participant or any other person in the Service of the Corporation (or any Parent or Subsidiary) for any other acts or
omissions, but such other acts or omissions shall not be deemed, for purposes of the Plan or this Agreement, to constitute grounds for termination for Good Cause. 
 M. Good Reason shall be deemed to exist with respect to Participant if and only if, without Participant’s express written consent: 
 (i) there is a significant change in the nature or the scope of Participant’s authority or in his or her overall working environment;

 (ii) Participant is assigned duties materially inconsistent with his or her present duties, responsibilities and status;

 (iii) there is a reduction in the sum of Participant’s rate of base salary and target bonus; or 
 (iv) the Corporation changes by fifty-five (55) miles or more the principal location in which Participant is required to perform
services; 
 provided that, in the case of each such reason, that the Corporation has not cured such condition within thirty (30) days after written
notice by Participant to the Corporation that such condition exists and constitutes Good Reason. 
 N. 1934 Act shall mean the
Securities Exchange Act of 1934, as amended. 

 O. Participant shall mean the person to whom the Award is made pursuant to the Agreement.

 P. Parent shall mean any corporation (other than the Corporation) in an unbroken chain of corporations ending with the
Corporation, provided each corporation in the unbroken chain (other than the Corporation) owns, at the time of the determination, stock possessing fifty percent (50%) or more of the total combined voting power of all classes of stock in one of
the other corporations in such chain. 
 Q. Plan shall mean the Corporation’s Long Term Incentive Plan. 
 R. Plan Administrator shall mean either the Board or a committee of the Board acting in its capacity as administrator of the Plan.

 S. Restricted Stock Unit shall mean each unit subject to the Award which shall entitle Participant to receive one
(1) share of Common Stock upon the vesting of that unit. 
 T. Separation from Service shall mean the Participant’s
cessation of Employee status by reason of his or her death, retirement or termination of employment. The Participant shall be deemed to have terminated employment for such purpose at such time as the level of his or her bona fide services to be
performed as an Employee (or as a consultant or independent contractor) permanently decreases to a level that is not more than twenty percent (20%) of the average level of services he or she rendered as an Employee during the immediately
preceding thirty-six (36) months. Solely for purposes of determining when a Separation from Service occurs, Participant will be deemed to continue in “Employee” status for so long as he or she remains in the employ of one or more
members of the Employer Group, subject to the control and direction of the employer entity as to both the work to be performed and the manner and method of performance. “Employer Group” means the Corporation and any Parent or Subsidiary
and any other corporation or business controlled by, controlling or under common control with, the Corporation, as determined in accordance with Sections 414(b) and (c) of the Code and the Treasury Regulations thereunder, except that in
applying Sections 1563(1), (2) and (3) for purposes of determining the controlled group of corporations under Section 414(b), the phrase “at least 50 percent” shall be used instead of “at least 80 percent” each
place the latter phrase appears in such sections and in applying Section 1.414(c)-2 of the Treasury Regulations for purposes of determining trades or businesses that are under common control for purposes of Section 414(c), the phrase
“at least 50 percent” shall be used instead of “at least 80 percent” each place the latter phrase appears in Section 1.4.14(c)-2 of the Treasury Regulations. Any such determination as to Separation from Service, however, shall be
made in accordance with the applicable standards of the Treasury Regulations issued under Section 409A of the Code. 
 U.
Service shall mean Participant’s performance of services for the Corporation (or any Parent or Subsidiary) in the capacity of an Employee, a non-employee member of the Board or a consultant or independent advisor. Participant
shall be deemed to cease Service immediately upon the occurrence of either of the following events: (i) Participant no longer performs services in any of the foregoing capacities for the Corporation (or any Parent or Subsidiary) or
(ii) the entity for which Participant performs such services ceases to remain a 

 
Parent or Subsidiary of the Corporation, even though Participant may subsequently continue to perform services for that entity. Service as an Employee shall
not be deemed to cease during a period of military leave, sick leave or other personal leave approved by the Corporation; provided, however, that the following special provisions shall be in effect for any such leave: 
 (i) Should the period of such leave (other than a disability leave) exceed six (6) months, then Participant shall be deemed to cease
Service and to incur a Separation from Service upon the expiration of the initial six (6)-month period of that leave, unless Participant retains a right to re-employment under applicable law or by contract with the Corporation (or any Parent or
Subsidiary). 
 (ii) Should the period of a disability leave exceed twenty-nine (29) months, then Participant shall be
deemed to cease Service and to incur a Separation from Service upon the expiration of the initial twenty-nine (29)-month period of that leave, unless Participant retains a right to re-employment under applicable law or by contract with the
Corporation (or any Parent or Subsidiary). For such purpose, a disability leave shall be a leave of absence due to any medically determinable physical or mental impairment that can be expected to result in death or to last for a continuous period of
not less than six (6) months and causes Participant to be unable to perform the duties of his or her position of employment with the Corporation (or any Parent or Subsidiary) or any substantially similar position of employment. 
 (iii) Except to the extent otherwise required by law or expressly authorized by the Plan Administrator or by the Corporation’s
written policy on leaves of absence, no Service credit shall be given for vesting purposes for any period Participant is on a leave of absence. 
 V. Stock Exchange shall mean the American Stock Exchange, the Nasdaq Global or Global Select Market or the New York Stock Exchange. 
 W. Subsidiary shall mean any corporation (other than the Corporation) in an unbroken chain of corporations beginning with the Corporation, provided each corporation (other than the last corporation) in
the unbroken chain owns, at the time of the determination, stock possessing fifty percent (50%) or more of the total combined voting power of all classes of stock in one of the other corporations in such chain. 
 X. Withholding Taxes shall mean (i) the employee portion of the federal, state and local employment taxes required to be withheld by
the Corporation in connection with the vesting of the shares of Common Stock (or any other property) under the Award and any phantom dividend equivalents relating to those shares and (ii) the federal, state and local income taxes required to be
withheld by the Corporation in connection with the issuance of those vested shares (or any other property) and the distribution of any phantom dividend equivalents relating to such shares.Samsung Anycall Distribution Agreement between Samsung and Pypo Beijing, dated

 Exhibit 10.10 
 English Translation of Chinese Language Agreement 
 SAMSUNG ANYCALL MOBILE PHONE

 DISTRIBUTION AGREEMENT 
 DATE: JULY 1, 2008 
 PLACE OF EXECUTION: BEIJING, CHINA 

 PARTIES 
 Tianjin
Samsung Telecom Technology Co., Ltd. (“Samsung”) 
 Beijing Pypo Technology Group Co., Ltd. (“Pypo Beijing”) 
 RECITALS 
 1. WHEREAS, Samsung agrees to grant to Pypo Beijing the
exclusive rights to distribute certain designated models of Samsung Anycall mobile phone product (the “Products”) within the People’s Republic of China (the “PRC”) (excluding Hong Kong, Macau and Taiwan) (the
“Territory”); 
 2. WHEREAS, Pypo Beijing has the authority, capability, right and required government approvals to sell the Products, and
it agrees to accept from Samsung the grant of distribution rights referred to in the preceding paragraph. 
 NOW THEREFORE, in order to promote the interests
of both parties, based on the principles of honesty, trustworthiness and reciprocity, Samsung and Pypo Beijing agree to the following terms: 
 ARTICLE 1
– DEFINITIONS 
 1.1 Unless otherwise set forth herein, the following terms shall have the meanings set forth below: 
 (1) “Affiliate,” with respect to any entity, shall mean a) any entity that owns or controls the equity interests, assets or rights of such entity; b) any
entity whose equity interests, assets or rights are owned or controlled by such entity; and c) any other entity under the common control with such entity. 
 (2) “Agreement” shall mean this Samsung Anycall Mobile Phone Distribution Agreement dated July [1], 2008 between Samsung and Pypo Beijing executed in Beijing, China, together with all the annexes and schedules attached
hereto, any supplemental agreements, annexes and schedules entered into with respect to any issues not addressed herein, any agreements and/or memoranda entered into from time to time that amend or modify the terms of such documents, and/or any
amendments, modifications or supplements entered into from time to time to such documents adopted in any form. 
 (3) “Channel” shall mean
the sales networks through which Products are sold from 

  

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Samsung to consumers, including but not limited to national distributors, regional distributors, retailers and mobile operators. 
 (4) “Credit Application” shall mean the application for revolving credit proposed by Pypo Beijing to Samsung that would permit Pypo to make deferred
payments according to a specified payment timeline agreed by the parties following Samsung’s delivery of the Products. 
 (5)
“Distribution” shall mean the mobile phone distribution business currently engaged in by Pypo Beijing, which includes sales to resellers of the Products but not to individuals or entities that consume the Products as end-users.

 (6) “Marketing Costs” shall mean all costs incurred in the course of marketing or promoting the sale of Products to end-users,
including but not limited to: a) the costs of purchasing, manufacturing and transporting promotional items; b) the costs of purchasing, manufacturing, transporting and installing marketing and promotional materials; c) the costs associated with
participating in marketing events, including expenses for implementing the promotional activities, venue rentals and wages and bonuses for long term or temporary sales persons; d) the costs of product promotions, store promotions, and store
anniversary and holiday promotions, as well as the rental costs for light boxes, signage and concession counter equipment, paid to distributors, retailers and operators; and e) other costs for marketing activities. 
 (7) “Marketing Support” shall mean any marketing services, goods or other support provided by Samsung to Pypo Beijing on terms that are provided on a
preferential basis, such as discounts, fund subsidies, gifts and administrative support. 
 (8) “Price Insurance” shall mean payments made
by Samsung to Pypo Beijing to compensate for lost revenues resulting from price discounts established by Samsung on Pypo Beijing’s Product inventory or on its ordered Products. 
 (9) “Pricing Structure” shall mean the pricing and profit structure at each stage in the Distribution Channel, including Pypo Beijing’s purchase price, Pypo Beijing’s selling price and the
retail price of the Products. 
 (10) “Product(s)” shall mean qualified Samsung Anycall mobile phones and the accessories and parts thereof,
which are manufactured by Samsung according to the standards set forth under the laws and regulations of the PRC. 
 (11) “Sales Target(s)”
shall mean the minimum quantity of a particular model of Samsung’s Products that Pypo Beijing shall purchase within a specified time period (typically, on a yearly, quarterly or monthly basis). 
 1.2 “Samsung” shall mean Samsung and its Affiliates, subsidiaries, branches and 

  

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offices (such Affiliates, subsidiaries, branches and offices referred to as “Branches”). “Pypo Beijing” shall mean Pypo
Beijing and its Branches. Each party represents that it is authorized to execute this Agreement by its Branches and that it will provide a written list of its Branches to the other party within fifteen days of the execution of this Agreement. Each
party shall have the discretion to increase or reduce the number of Branches applicable under this Agreement by sending advance written notice to the other party, which shall be effective upon receipt. 
 1.3 The headings contained in this Agreement are intended for convenience and shall not affect the interpretation or meaning of any provision of this Agreement.

 ARTICLE 2 – DISTRIBUTION RIGHTS 
 2.1 Products
that Samsung authorizes Pypo Beijing to distribute shall be subject to the written authorization delivered by Samsung. 
 2.2 The authorized territory for
Distribution of the Products shall be the Territory. 
 2.3 Samsung grants to Pypo Beijing exclusive rights to distribute the Products in the Territory
described in the preceding section. 
 ARTICLE 3 – PRODUCT ORDERS 
 3.1 The parties shall meet at the end of each quarter (the “Quarterly Meeting”) to discuss and determine the Sales Targets, Pricing Structure, and Marketing Support with respect to the
Products to be sold in the following quarter.  
 3.2 The parties shall execute a monthly purchase and sales contract (the “Purchase and Sales
Contract”) within the first ten days of each month in accordance with the quantity and price terms agreed by the parties at the Quarterly Meeting. If market conditions change projections beyond the estimates made by the parties at the
Quarterly Meeting, the parties may mutually agree to adjust the quantity and/or price terms set forth in the Purchase and Sales Contract within a reasonable range. 
 3.3 The parties agree to confirm Product, order and payment information and other sales information through Samsung’s electronic data exchange system (the “System”), when the System is operational, and Samsung shall
exercise its best efforts to ensure the accurate and timely operation of the System. 
 3.4 Pypo Beijing agrees to regularly provide Samsung with Product
sales data, including purchase, sales and inventory information, through the System or by other means, and shall exercise its best efforts to ensure the completeness, accuracy and timeliness of such information. 
  

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 ARTICLE 4 – PAYMENT 
 4.1 All amounts specified herein shall be paid in RMB unless both parties agree to payment in another form of currency. 
 4.2 After Pypo Beijing
has tendered payment in full for the Products in accordance with Samsung’s requirements, Samsung shall promptly deliver the Products to Pypo Beijing. 
 4.3 Upon receipt of payment from Pypo Beijing, Samsung shall issue a value added tax invoice to Pypo Beijing within three business days. 
 4.4 If
Pypo Beijing maintains consistent, high-quality performance in its distribution of the Products, Samsung agrees to consider Pypo Beijing’s Credit Application. The approval and adjustment of Credit Application shall be determined by Samsung.

 ARTICLE 5 – PRODUCT DELIVERY 
 5.1 Delivery
Time: Samsung shall deliver the Products to Pypo Beijing in the amounts and at the times stated in the Purchase and Sales Contract. If Samsung must delay the delivery of Products for any reason, it shall provide advance notice to Pypo Beijing
setting forth alternative Product amounts and delivery times. 
 5.2 Place and Method of Delivery: At its expense, Pypo Beijing or its third-party
designee shall accept delivery of the Products at Samsung’s warehouse, which is located at No. 9, Wei Wu Road, Micro-Electronic Industrial Park, Xiqing District, Tianjin, and shall be responsible for the transportation and distribution of
the Products. 
 5.3 Upon accepting delivery of the Products as set forth in the preceding section, the ownership of and risk with respect to the Products
shall be transferred to Pypo Beijing. 
 5.4 Product Acceptance Standard. 
 (1) The Products shall be delivered in their original packaging and such original packaging shall be intact, properly sealed, unopened, undamaged and clean. 
 (2) The weight of the Products shall comply with Samsung’s factory standards. 
 5.5 Although the delivery will be deemed completed upon delivery of the Products in their original packaging according to the standards set forth in Section 5.4 above, if Pypo Beijing discovers any shortage of or nonconformity in the
Products delivered by Samsung, Samsung shall cooperate with Pypo Beijing to settle the issue. 
 ARTICLE 6 – SALES MANAGEMENT 
  

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 6.1 Product Management. 
 6.1.1 No later than the end of the second and fourth quarter of each year, Samsung shall inform Pypo Beijing of the Product models that it will make available for Distribution through Pypo Beijing in the following two quarters. Pypo Beijing
may apply to Samsung to distribute specified Product models, but Samsung shall make the final determination of which models to make available for Distribution through Pypo Beijing in its discretion and subject to the terms of a written authorization
delivered by Samsung. 
 6.1.2 Samsung agrees that, subject to Pypo Beijing’ satisfactory sales performance and increasing sales volume of Products, it
will grant Pypo Beijing rights to distribute selected new models of its Products incorporating the latest technology, manufacturing processes and production standards on an ongoing basis. 
 6.1.3 This Agreement shall automatically apply to the new products manufactured by Samsung following the execution of this Agreement, if such new products are authorized
for sale by Samsung or otherwise agreed to by both parties. 
 6.2 Pricing 
 6.2.1 Pypo Beijing agrees to distribute and sell the Products according to the Pricing Structure established in the Quarterly Meeting, and shall exercise its best efforts to maintain, manage and promote a Pricing
Structure that is consistent within all Channels. 
 6.2.2 Both parties agree that the Pricing Structure shall be designed so that the Products will be
priced competitively in the applicable markets; otherwise, it shall be adjusted promptly. The procedures for the adjustments to the Pricing Structure, Price Insurance and other related issues shall be determined by the mutual agreement of the
parties in light of changed circumstances. 
 6.3 Channel  
 6.3.1 At its expense, Pypo Beijing shall establish the Distribution Channels in which the Products will be sold within the Territory and select the distributors, retailers and operators, as well as decide the scope of sales for each product
model based on market conditions, at its discretion. 
 6.3.2 Samsung may review, monitor and generally manage the establishment of Pypo Beijing’s
Channel and the Distribution of Products to maintain a well-established market for the Products. 
 6.4 Product Promotion 
  

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 6.4.1 Pypo Beijing shall exercise its best efforts to promote the sale of the Products. Samsung shall assist Pypo Beijing
in achieving performance targets by providing training and sales promotion support to Pypo Beijing and its personnel with respect to Samsung’s Products. 
 6.4.2 At its expense, Samsung shall market the Samsung brand and promote Samsung’s Products within the Territory (including but not limited to television, print, internet and billboard advertisements), and Pypo Beijing shall cooperate
in any such marketing efforts by Samsung. 
 6.4.3 Both parties may pursue marketing efforts targeted to specific locations, Products and consumers based on
market conditions. Pypo Beijing shall obtain Samsung’s prior approval for any marketing efforts undertaken by it, the cost of which shall be shared by both parties in reasonable proportions as agreed in writing. If the cost of marketing efforts
to be shared by both parties is initially borne by Pypo Beijing, Pypo Beijing shall submit relevant materials and receipts reflecting its expenditures to Samsung for reimbursement after the conclusion of the marketing efforts. Samsung shall
reimburse Pypo Beijing within a reasonable time period after all the materials and receipts have been submitted by Pypo Beijing or otherwise reimburse Pypo Beijing as agreed by the parties. 
 6.4.4 In case of changed circumstances not anticipated by the parties, Samsung shall provide Marketing Support to Pypo Beijing to promote the sale of Products. The
Marketing Support may be provided by means of price discounts, payment of Marketing Costs or any other means agreed upon by the parties. 
 6.4.5 Samsung
shall assist Pypo Beijing in collecting receipts or other documentation reflecting Marketing Costs incurred, paid and outstanding. 
 ARTICLE 7 –
AFTER-SALE SERVICES 
 7.1 The quality, packaging and labeling of all Products shall comply with the laws, regulations and standards of the PRC,
applicable industry standards and Samsung’s factory standards. 
 7.2 Samsung shall be responsible for providing after-sale service for Products in
compliance with applicable laws and regulations, including the Law for Protection of Rights and Interests of Consumers, the Law for Product Quality, the Provisions Regarding the Repair, Replacement and Return of Mobile Phones and other relevant laws
and regulations. 
 7.3 If Pypo Beijing meets applicable requirements to provide after-sale service support, Samsung and its after-sale service department
shall authorize Pypo Beijing on a priority basis to be an after-sale service provider and to issue product quality inspection reports 

  

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in order to better enable Samsung to provide efficient, high-quality after-sale service for the Products. 
 7.4 Pypo Beijing shall immediately notify Samsung if any governmental authority inspects the Products or if Pypo Beijing receives consumer complaints relating to Product
quality. Upon its confirmation, Samsung shall bear all costs relating to such inspections or complaints. If the costs of responding to such inspections or complaints are advanced by Pypo Beijing, Samsung shall reimburse Pypo Beijing upon receiving
receipts reflecting such advances. 
 ARTICLE 8 – INTELLECTUAL PROPERTY 
 8.1 Unless required to perform this Agreement, Pypo Beijing shall not use Samsung’s trademarks (including but not limited to “

,” “Samsung” and “Anycall,” hereinafter collectively referred to as “Samsung Trademarks”). Pypo Beijing acknowledges and agrees that the Samsung Trademarks are
proprietary marks that are solely owned by Samsung, and Pypo Beijing shall not use the Samsung Trademarks or the unique packaging of Samsung’s Products in any manner on any product other than the Products following the termination of this
Agreement. 
 8.2 Pypo Beijing warrants and agrees that, during the term of and after the termination of this Agreement, it will not apply for or attempt to
apply for registration of the Samsung Trademarks or any similar trademarks that could be confused with the Samsung Trademarks in any location. 
 8.3 Pypo
Beijing warrants and agrees that it will not manufacture or sell any products counterfeiting Samsung’s Products or any products using a trademark or packaging that is similar to the trademark or packaging, respectively, used by Samsung for the
Products that could be confused with Samsung’s Products, whether during the term of this Agreement or after termination of this Agreement. 
 ARTICLE
9 – CONFIDENTIALITY 
 Neither party may disclose any confidential technology or materials received or acquired during the term of this Agreement
from the other party, or use such technology or materials for any purpose other than the purpose specified herein unless doing so would be necessary to perform its obligations under this Agreement. Both parties shall take actions to prevent such
technology or materials from being disclosed or used by any persons or entities without authorization. When either party must disclose such technology or materials to its employees, agents or consultants to perform its obligations under this
Agreement, it shall take necessary steps to protect the confidentiality of such technology or materials and shall restrict such disclosure only to the extent necessary to perform its obligations under this Agreement. 
  

 8 

 ARTICLE 10 – FORCE MAJEURE 
 If either party is unable to perform any of its obligations under this Agreement due to an event not under its control (including but not limited to natural disasters, government actions, riots, wars or terrorist
events), it shall promptly send a notice to the other party, and the affected party’s performance of such obligation shall be excused to the extent affected by such event. However, the affected party shall exercise its best efforts to avoid or
mitigate the impact of such event upon its performance, and shall resume the performance of its obligations under this Agreement upon cessation of such event. 
 ARTICLE 11 – ASSIGNMENT 
 In the absence of prior written agreement of the parties, neither party may assign or transfer any right or
obligation hereunder to any third parties in whole or in part. However, both parties agree that either party shall be permitted to assign its rights and obligations under this Agreement to any of its subsidiaries or Affiliates, unless such an
assignment would have any material adverse effect on the performance of this Agreement. 
 ARTICLE 12 – AMENDMENT AND TERMINATION 
 12.1 This Agreement may be amended, modified or supplemented in writing by agreement of both parties. 
 12.2 Upon the occurrence of any of the following events, Samsung may elect to: a) terminate this Agreement; b) terminate the rights of Pypo Beijing to distribute some or all of the Product models that Pypo Beijing had
been authorized to distribute; or c) appoint one or more third parties as the distributor of some or all of the Product models that Pypo Beijing had been authorized to distribute. 
 (1) Upon the occurrence of a material dispute between the parties over the operational approach or codes of conduct; 
 (2)
Upon the occurrence of a material adverse event relating to Pypo Beijing’s financial condition, logistics or management, or upon the occurrence of a bankruptcy, involuntary reorganization or liquidation involving Pypo Beijing; 
 (3) Upon the occurrence of a material decrease in Pypo Beijing’s sales volume or failure of Pypo Beijing to achieve the Sales Targets for six consecutive months
without reasonable cause. 
 12.3 If either party is in material breach of this Agreement, the other party shall send a written notice to the breaching party
requesting the breaching party to cure the breach within a reasonable period of time. If the breaching party fails to cure the breach within 

  

 9 

 
30 days after the time period set forth in the other party’s notice, the other party may terminate this Agreement. 
 12.4 This Agreement may be terminated by the agreement of both parties prior to the end of the term of the Agreement, if both parties consider that such termination is
in their mutual interests. 
 12.5 Upon termination of this agreement, the parties shall achieve a mutually agreeable resolution with respect to the unsold
inventory remaining under the control of Pypo Beijing through cooperative negotiation. 
 ARTICLE 13 – INDEMNIFICATION 
 Each party shall indemnify the other party against all direct losses and damages resulting from the indemnifying party’s failure to perform all or part of its
obligations under this Agreement. If both parties are in breach of this Agreement, each party shall be liable for the losses and damages resulting from its failure to perform its obligations under this Agreement. 
 ARTICLE 14 – DISPUTE RESOLUTION 
 Any dispute arising from or in
connection with this Agreement shall be resolved through cooperative negotiation between the parties. If no resolution of the dispute can be achieved through negotiation, either party may bring the dispute before the Beijing Arbitration Commission
according to the arbitration rules then in effect. The judgment of the Beijing Arbitration Commission shall be final and binding upon the parties. 
 ARTICLE 15 – GOVERNING LAW 
 This Agreement shall be governed by the laws of the PRC. 
 ARTICLE 16 – MISCELLANEOUS 
 16.1 If any provision of this
Agreement is held to be invalid, unenforceable or in conflict with PRC laws or regulations, the invalidity and unenforceability of such provision will not affect the validity and enforceability of other provisions in this Agreement. Both parties
hereby agree that if any provision in this Agreement is held to be invalid, unenforceable or in conflict with PRC laws or regulations, the parties shall solve the problem through cooperative negotiation. 
 16.2 The failure or delay by either party in exercising any right under this Agreement shall not be deemed as a waiver of such right, and the waiver of any right under
this Agreement by either party shall not be deemed as a waiver of any other rights. 
  

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 16.3 This Agreement is effective as of the date it is duly executed by both parties, and shall remain effective for a
term of five (5) years. 
 16.4 If both parties desire to continue their contractual relationship following the expiration of this Agreement, then they
may negotiate to enter into a new agreement one month prior to the expiration of this Agreement. To ensure the continuity of the contractual arrangement that exists pursuant to this Agreement, if this Agreement expires prior to the time that a new
agreement that is being negotiated is entered into, the term of this Agreement shall be extended to the date when the new agreement is executed but such extension may not exceed three months. 
 16.5 This Agreement has been signed in Beijing, China on July [1], 2008 and in duplicate, with one original copy for each party hereto and each original copy having
equal legal force. 
  

 11 

			
	Samsung (Seal):
	
	 Tianjin Samsung Telecom Technology Co., Ltd.

		
	 Authorized Representative:
	 	/s/
	
	Pypo Beijing (Seal):
	
	 Beijing Pypo Technology Group Co., Ltd.

		
	 Authorized Representative:
	 	/s/    Kuo Zhang

  

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