Document:

Sale of Assets Agreement

 Exhibit 10.1 
 SALE OF ASSETS AGREEMENT 
 between 

Planar Systems Oy, 
 Planar Systems, Inc. 
 and 

Beneq Products Oy 
 30 November 2012 

  
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	1	PARTIES 

  

	1.1	The Subsidiary 

Planar Systems Oy, a corporation organized and existing under the laws of Finland, having its registered office in Olarinluoma 9, 02200
Espoo. 
  

	1.2	The Parent Company 

Planar Systems, Inc., a corporation organized and existing under the laws of Oregon having its registered office in 1195 NW Compton Drive
Beaverton, OR 97006 (USA). 
  

	1.3	The Purchaser 

Beneq Products Oy, a limited liability company under incorporation, having its registered office in Olarinluoma 9, 02200 Espoo, Finland.

  

	2	DEFINITIONS 

“Accounts Receivable” means the accounts receivable of Sellers as of the Transfer Date relating to or arising out of the
operation of the EL Business, except any accounts receivable from any Affiliate of Sellers, all as identified in the Closing Accounts and the Closing NAV. 
 “Adjustment” has the meaning as defined in Section 11.3. 

“Affiliate” means with respect to a Party, any other individual, corporation, partnership, limited liability company,
joint venture, trust, unincorporated organization or other person or entity which, directly or indirectly, controls, is controlled by or is under common control with such Party. 

“Agreement” means this Sale of Assets Agreement including the Appendices, as amended, modified or restated from time to
time, as the case may be. 
 “Assumed Employee Liabilities” means any unpaid amounts payable by and any
undischarged obligations and liabilities of the Sellers related to the Transferred Employees and transferring to the Purchaser by operation of law in accordance with Chapter 1, Section 10 of the Finnish Act on Employment Contracts
(26.1.2001/55, as amended). 
 “Assumed Liabilities” means liabilities assumed by the Purchaser as defined in
Section 4.2. 

  
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 “Business Information” means all material books and records relating to
(1) the conduct of the EL Business as conducted on the Transfer Date, (2) the Transfer Assets, and (3) the Assumed Liabilities, together with such other books and records as are necessary to enable the Purchaser to operate the EL
Business from and after the Transfer Date (including, without limitation, the material on the Sellers’ website in relation to the EL Business). 
 “Calculation” has the meaning as defined in Section 11.3. 

“Closing” means the consummation of the transactions contemplated by this Agreement as set out in Section 9.

 “Closing Accounts” means the accounts listed in the balance sheet included herewith as Appendix
11b, calculated as of the Transfer Date in the same manner as was used to create the balance sheet in Appendix 11b including using the same accounting policies and practices under U.S generally accepted accounting principles
consistently applied, pursuant to Section 11. 
 “Closing NAV” means the dollar amount / value of the
balance sheet line items associated with assets acquired by the Purchaser under this Agreement (the Inventory (net of inventory reserve), the Accounts Receivable (net of allowance for doubtful accounts), Other Current Assets and Fixed Assets, net)
minus the dollar amount / value of the balance sheet line items associated with liabilities assumed by the Purchaser under this Agreement (the Accounts Payable, Other Current Liabilities and Long Term Liabilities), in each case as at the Transfer
Date pursuant to the Closing Accounts. 
 “Commercial Contract” means a contract relating to or necessary in the
operation of the EL Business as of the Transfer Date, including the Customer Contracts, Orders, the Espoo Lease and the other sale, purchase, supply, license, lease, service and other contracts as listed in Part I of Appendix 2.

 “Customer Contracts” means the current written agreements in force with a customer of the EL Business on the
Transfer Date, as listed in Part II of Appendix 2. 
 “Disputed Amount” has the meaning defined in
Section 11.3. 
 “EL Business” means the Sellers’ electroluminescent (or “EL”) display
business as such business is conducted on the Transfer Date, including, but not limited to (1) the design, development, manufacture, marketing, distribution and sale of EL panels and displays, (2) the Atomic Layer Deposition (or
“ALD”) technology and know-how utilized by Sellers in the manufacture of EL panels and displays, and (3) it being clear that the Lotus Subcontract or any of the obligations or liabilities thereunder will not be assumed by the
Purchaser, the business activities associated with the Subcontract Agreement dated October 1, 2010 (the “Lotus Subcontract”) between the Parent Company and Lotus Applied Technology, LLC, an Oregon Limited Liability Company
(“Lotus”). For the avoidance of doubt, the Parties acknowledge and agree that, as set out in Appendix 14b, no activities relating to the NVIS operations are transferred to the Purchaser, 

  
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 “Employees” shall mean the employees belonging to the EL Business as listed
in Appendix 5. 
 “Employee Settlement Amount” has the meaning as defined in Section 12.2.

 “Employee Agreements” has a meaning as defined in Section 4.1(a). 

“Employee Inventions” has a meaning as defined in Section 4.1(a). 

“Encumbrance” means any security interest, mortgage, pledge, lien, charge, option, easement, license, adverse right or
restriction of any kind including, without limitation, any restriction on the use, transfer, receipt of income or other exercise of the attributes of ownership. 
 “Espoo Facility” means the Subsidiary’s business facility located at Olarinluoma 9, 02200 Espoo, Finland which is leased by the Subsidiary under a Lease Agreement dated 1 June
1998, as amended from time to time (hereinafter, the “Espoo Lease”). 
 “Equipment” means all
equipment, machinery, furniture, computer hardware and other tangible personal property of Sellers as of the Transfer Date, together with leases and rental agreements with respect to such items, which is used in or is necessary to operate the EL
Business including, without limitation, those items listed in Appendix 1. 
 “Excluded Assets”
means the assets retained by Sellers as defined in Section 4.1(b). 
 “Independent Auditor” means
PricewaterhouseCoopers or E&Y or, if such firm is unable or unwilling to act, such other Internationally recognised independent accounting firm as shall be agreed upon by the Parent Company and the Purchaser or, if they are unable to agree, as
shall be appointed by the Chairman of the Finnish Bar Association upon request of any Party. 
 “Intellectual
Property” shall mean all Patents, utility models, Employee Inventions, trade names, know-how, registered and unregistered designs, drawings, chip topography rights, product description, copyrights (including the right to transfer the
copyright and the right to alter the work protected by copyright) and other information and documentation (whether or not covered or protectable by patent, trademark, copyright, trade secret rights or other intellectual property rights) or other
intellectual property rights, excluding the name Planar, used in or necessary in the operation of the EL Business on the Transfer Date including all registrations, applications and licences thereof. 

“Inventory” means all Sellers inventory, wherever located, relating to, used in or necessary in the operation of the EL
Business as of the Transfer Date including raw materials, work-in-progress, finished goods, spare parts and production supplies. 

“IT Licenses” has the meaning as defined in Section 4.1(a). 

“Knowledge of Sellers” means the knowledge, after reasonable inquiry, of the following employees of Sellers: Paivi
Ylikoski, Martti Sonninen, Kaisu Segler, Pirjo Halttunen, Chris Lehtonen, Jukka Lammi, Jan Mikael Mattila, Karri Kuusikko, Ryan Gray, Rob Baumgartner, Steve Going and Rob Stewart. 

  
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 “Law” means any applicable law, order, decree, ordinance, statute,
regulation or directive (having direct effect) in force from time to time. 
 “Liabilities” means any
liabilities, obligations (whether financial or non-financial), debts, claims, guarantees, costs, expenses and other responsibilities, whether existing or contingent. 
 “Loan Agreement I” means the Loan Agreement I dated as of the Transfer Date to be entered into among the Parent Company, the Subsidiary and the Purchaser, in substantially the form of
Exhibit A hereto. 
 “Loan Agreement II” means the Loan Agreement II dated as of the Transfer Date
to be entered into among the Parent Company, the Subsidiary and the Purchaser, in substantially the form of Exhibit B hereto. 
 “Order” has the meaning as defined in Section 13.2. 

“Mutual Co-operation and Services Agreement” means Mutual Co-operation and Services Agreement dated as of the Transfer
Date to be entered into among the Sellers and the Purchaser, in substantially the form of Exhibit C hereto. 

“Parent Company” means Planar Systems, Inc. 
 “Parties” means the Subsidiary, the Purchaser and the Parent Company altogether where a “Party” means one of them. 

“Patents” means all patents, including registrations and patent applications, owned by Sellers that are used in or are
necessary in the operation of the EL Business as conducted on the Transfer Date which are listed in Appendix 4 hereto. 
 “Permit” means any certificate, permit, registration, qualification, authorization, approval, order, consent, license or other right or privilege issued by any governmental body necessary
to operate the EL Business as conducted by Sellers on the Transfer Date. 
 “Purchaser” means Beneq Products Oy.

 “Reference Accounts” means the accounts as of May 2012 which is attached as Appendix 11b. 

“Reference NAV” means USD $7,677,000. 
 “Related Agreements” means the Loan Agreement I, the Loan Agreement II, the Mutual Co-operation and Services Agreement and the other instruments and agreements to be delivered under this
Agreement. 

  
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 “Sellers” means Planar System Oy and Planar System Inc. together (or
separately, as may be required by the context). 
 “Shared Contract” has the meaning as defined in
Section 13.7. 
 “Subsidiary” means Planar Systems Oy. 

“Transaction” means the sale and purchase of the EL Business on the Transfer Date including the transfer by Sellers of
the Transfer Assets and the assumption by Purchaser of the Assumed Liabilities. 
 “Transfer Assets” has the
meaning as defined in Section 4.1(a). 
 “Transfer Date” has the meaning as defined in Section 9.

 “Transferred Employees” has the meaning as defined in Section 12.1. 

 

	3	BACKGROUND 

 The Sellers
carry on and are the owners of the EL Business. 
 The Sellers desire to sell the EL Business, including the Transfer Assets, to
the Purchaser and the Purchaser, desires to purchase the EL Business, including the Transfer Assets and to assume the Assumed Liabilities, in each case upon the terms of this Agreement with a view to carry on the EL Business in succession to the
Sellers. 
  

	4	AGREEMENT FOR SALE / SCOPE OF THE TRANSFER 

  

	4.1	Assets 

  

	 	(a)	Subject to the terms and conditions of this Agreement, as of the Transfer Date the Sellers hereby sell, transfer, convey, assign and deliver, free and clear of all
Encumbrances, and the Purchaser shall purchase, acquire and assume, all of the Sellers’ right, title and interest in and to all of the following assets relating to or necessary to the operation of the EL Business, excluding the Excluded Assets
(collectively, the “Transfer Assets”): 

  

	 	•	 	 the Equipment, including, without limitation, those items listed in Appendix 1; 

 

	 	•	 	 the Inventory, including, without limitation, those items listed in Appendix 1a; 

 

	 	•	 	 the Accounts Receivable; 

  

	 	•	 	 any Claims of Sellers against third parties relating directly to, or arising solely out of the operation of, the EL Business including the Transfer
Assets or the Assumed Liabilities; 

  
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	 	•	 	 the Business Information; 

  

	 	•	 	 the Commercial Contracts; 

  

	 	•	 	 the information technology software licenses existing as of the Transfer Date and used in or necessary for the operation of the EL Business which are
listed in Appendix 3 (however, excluding those licenses listed in Part II of Appendix 8) (the “IT Licenses”); 

  

	 	•	 	 the Intellectual Property, including without limitation the Patents and other items listed in Appendix 4; 

 

	 	•	 	 the employee inventions including but not limited to undisclosed inventions, in each case relating to or arising out of the operation of the EL
Business, but excluding any inventions that became the property of another party under the Lotus Subcontract or the prior Collaboration Agreement with Intel (the “Employee Inventions”), including, without limitation, those items
listed in Appendix 6; 

  

	 	•	 	 the agreements with Transferred Employees listed in Appendix 7 (the “Employee Agreements”); and 

 

	 	•	 	 Permits (except for the Permits that are non-assignable or transferrable by Sellers to the Purchaser, as listed in Appendix 14b).

  

	 	(b)	Sellers and the Purchaser agree and acknowledge that Sellers are not, by virtue of this Agreement or otherwise, selling, transferring, conveying, assigning or
delivering to the Purchaser and the Purchaser is not acquiring or assuming any of the following assets or rights whether or not such assets or rights relate to or may be necessary to the operation of the EL Business (collectively, the
“Excluded Assets”): 

  

	 	•	 	 any cash or cash equivalents of Sellers ; 

  

	 	•	 	 any of Sellers’ rights to refunds or offsets of taxes in relation to the EL Business or the Transferred Assets that have accrued or otherwise
relate to the periods on or prior to the Transfer Date; 

  

	 	•	 	 Sellers’ rights under this Agreement, the Related Agreements or otherwise arising out of or relating to the Transaction;

  

	 	•	 	 any insurance policies of Sellers and any proceeds paid or payable under any such insurance policies (it being agreed and acknowledged that Sellers are
not, under the terms of this Agreement, assigning or transferring any rights relating to any insurance policy or coverage, whether or not related to the EL Business); 

 

	 	•	 	 any Permits not assignable or transferrable by Sellers to the Purchaser, as listed in Appendix 14b; 

  
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	 	•	 	 without prejudice to Section 18.1 and without limiting rights to the material on the web sites in relation to the EL Business, any of
Sellers’ domain names, web sites or any associated or related rights; 

  

	 	•	 	 those licenses listed in Part II of Appendix 8 (excluded IT licenses). 

 

	 	•	 	 without prejudice to Section 12, any assets of Sellers under any insurance policy or benefit plan or program maintained for the benefit of
employees of Sellers including the Employees; and 

  

	 	•	 	 any other assets of Sellers described in Appendix 8. 

 

	4.2	Liabilities 

 Upon
the terms and subject to the conditions of this Agreement, the Purchaser hereby agrees, effective as of the Transfer Date, to assume, pay, perform and discharge, to the extent required to be paid, performed and discharged after the Transfer Date,
the following specified obligations and liabilities of Sellers relating to the operation of the EL Business from and after the Transfer Date (the “Assumed Liabilities”): 

 

	 	•	 	 Liabilities related to the Commercial Contracts pursuant to Section 13.1; 

 

	 	•	 	 Liabilities related to the IT Licenses pursuant to Section 13.5; 

 

	 	•	 	 the trade accounts payable of Sellers relating to the EL Business as exhaustively set out in Appendix 9; 

 

	 	•	 	 Assumed Employee Liabilities ; 

  

	 	•	 	 Liabilities of Sellers for product warranty existing at the Transfer Date up to the maximum U.S. Dollar amount, all as set forth in Appendix
10. 

 No other Liabilities than the Assumed Liabilities specified above in this Section 4.2 shall
be assumed by the Purchaser in connection with the Transaction contemplated hereunder. All other Liabilities of the Sellers (whether or not relating to the EL Business or the Transfer Assets, hereinafter “Excluded Liabilities”)
shall remain the Liabilities of the Sellers. Without limiting the generality of the foregoing, the Excluded Liabilities shall, for the sake of clarity, comprise inter alia (in each event whether or not related to the EL Business or the
Transfer Assets): 
  

	 	(i)	any Liabilities required to be paid, performed and discharged on or prior to the Transfer Date, or which (unless expressly otherwise agreed above in this
Section 4.2) accrue or otherwise relate to events or circumstances occurring on or prior to the Transfer Date; 

  

	 	(ii)	without prejudice to Section 11.7 any taxes and other duties relating to the EL Business or Transfer Assets that is attributable or otherwise relate to periods on
or prior to the Transfer Date; 

  
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	 	(iii)	any interest-bearing debt of the Sellers; 

  

	 	(iv)	any Liability relating to the Excluded Assets; and 

  

	 	(v)	any liability based on the product warranty concerning any products manufactured or services rendered prior to or on the Transfer Date other than the liabilities
specified in Appendix 10. The Sellers shall be responsible for all such liabilities remaining with the Sellers. However, if the Purchaser performs any product warranty repair or replacement on behalf of the Sellers (other than those
described in Appendix 10), the Sellers shall indemnify the Purchaser for any costs and expenses incurred by the Purchaser in relation to performance of such product warranty. Upon the Purchaser’s request, within 10 days from receiving
information on the relevant product warranty claim, the Sellers shall notify the Purchaser if they wish the Purchaser to perform the product warranty at the expense of the Sellers. To the extent the Purchaser has performed product warranty
liabilities on behalf of the Sellers the Purchaser shall have the right to invoice the liabilities exceeding those described in Appendix 10 from either of the Sellers at the end of each calendar month with the payment term of 30 days.

  

	5	WRONG POCKET PROVISIONS 

  

	5.1	Allocation of expenses 

 The Sellers shall be liable and compensate the Purchaser on a dollar-for-dollar basis for all Excluded Liabilities paid or discharged by the Purchaser after the Transfer Date. The Purchaser shall notify
the Sellers of claims presented by third parties against the Purchaser relating to Excluded Liabilities. If Sellers request in writing that Purchaser pay or discharge any Excluded Liabilities on behalf of the Sellers, and the Purchaser in its
discretion agrees to pay or discharge such Excluded Liability, the Purchaser shall have the right to invoice any such amounts from either of the Sellers at the end of any calendar month with the payment term of thirty (30) days. 

 

	5.2	Allocation of receivables 

 Subsequent to Closing the Sellers on the one hand and the Purchaser on the other hand shall, subject to any contrary express provision of this Agreement: 

 

	 	(i)	account to each other, as soon as is reasonably practicable, for any monies, assets or services received by or on behalf of it on or after Closing which relate to the
relevant business of the other Party (the EL Business being the Purchaser’s business after Closing). Without limiting the generality of the foregoing, the Sellers shall pay to the Purchaser any amounts that the Sellers receive under the
Commercial Contracts or otherwise relating to the EL Business or the Transfer Assets after the Transfer Date; and 

  
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	 	(ii)	upon it receiving any notices, correspondence, information or enquiries in relation to any such business of the other Party, pass the same, as soon as is reasonably
practicable, to the other Party. 

  

	5.3	Further assets 

 In
the event that, after the date of this Agreement, any Party identifies (i) any Transfer Assets that have not been effectively transferred to the Purchaser, or (ii) additional assets that were used in or necessary in the operation of the EL
Business as conducted by Sellers on the Transfer Date that have not been included among the Transfer Assets, the Sellers shall, upon the Purchaser’s request, take any action necessary to effectively transfer such assets to the Purchaser without
any additional payment. 
  

	6	DELIVERIES AT SIGNING 

 At
signing of this Agreement 
  

	 	a)	the Parties shall sign and deliver the Related Agreements; and 

  

	 	b)	undertake any necessary other actions or present further documents as may be required for the completion of this Agreement. 

 

	7	TRANSFER OF TITLE 

 On the
Transfer Date title to and possession of the Transfer Assets shall transfer from Sellers to the Purchaser. 
  

	8	ACTIONS PRIOR TO CLOSING 

  

	8.1	Board approvals 

The obligation of each Party to consummate the actions set out in Section 9 is subject to the Boards of Directors of each of the
Subsidiary, the Parent Company and the Purchaser having approved this Agreement and the transactions contemplated hereby on or prior to the Transfer Date. 
  

	8.2	Third Party Consent: 

 The obligation of the Purchaser to consummate the actions set out in Section 9 is subject to, on or prior to the Transfer Date, the Sellers having delivered consents and approvals as set forth on
Appendix 11. 

  
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	8.3	Agreement with CEI 

The obligation of the Purchaser to consummate the actions set out in Section 9 is subject to, on or prior to the Transfer Date, the
Purchaser and CEI having entered into a mutually satisfactory agreement regarding assembly services to be provided by CEI after the Transfer Date. 
  

	8.4	Certain Key Persons 

The obligation of the Purchaser to consummate the actions set out in Section 9 is subject to, on or prior to the Transfer Date, the
Purchaser and Mr. Jim Liu having entered into a mutually satisfactory agreement regarding the employment or services of such person as of or following the Transfer Date (and conditional upon Closing). For the avoidance of doubt, the Sellers
shall release (or cause that their relevant Affiliates release) Jim Liu from his employment to enable him to commence employment or service relationship with the Purchaser upon Closing and shall pay out (or cause that the relevant Sellers’
Affiliate pay out) to Jim Liu all amounts and be otherwise responsible and liable for all obligations and liabilities related to the employment relationships between the Seller or any Seller Affiliate and Jim Liu (including, without limitation, all
accrued, unused paid time off and holiday remuneration). 
  

	9	CLOSING 

 The Closing
takes place on the Transfer Date. The Transfer Date is 30 November 2012 at 24.00 (EET). 
 At Closing: 

 

	 	(a)	the Sellers shall present a release letter from the Bank of America pursuant to which the Bank of America has released any Encumbrances it may hold with respect to the
Transfer Assets (and the Sellers remain responsible for such release being complete); 

  

	 	(b)	the Sellers shall transfer to the Purchaser and the Purchaser shall assume from the Sellers the Transfer Assets and the Assumed Liabilities; 

 

	 	(c)	the Purchaser shall pay the Estimated Purchase Price pursuant to Section 11.2; 

 

	 	(d)	the Sellers shall pay to the Purchaser the Employee Settlement Amount pursuant to Section 12; 

 

	 	(e)	the Sellers will transfer the corporate books and other documents to the Purchaser pursuant to Section 10. 

All actions set out above in this Section (or otherwise in relation to Closing) will be recorded in a closing memorandum and they are
deemed to have occurred simultaneously as a part of a single transaction and in the proper sequence and no delivery is deemed to have been made and no Closing is deemed to have occurred until each such action has been completed. 

  
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	10	CORPORATE BOOKS 

 The
corporate books and the bookkeeping and other corporate documents relating to the EL Business in the possession of Sellers will, to the extent not prohibited by applicable Laws, be transferred by the Sellers to the Purchaser at Closing. Further,
after Closing the Sellers shall ensure that the Purchaser will be granted access to such books and records, archives and employees of the Sellers which have not been transferred to the Purchaser, as may be reasonably required by the Purchaser in
order to operate the EL Business or satisfy demands by any authorities. 
  

	11	PURCHASE PRICE 

  

	11.1	The Purchase Price 

The base purchase price payable by the Purchaser for the sale by Sellers of the EL Business shall be USD 6,500,000 (the “Estimated
Purchase Price”) plus or less, as the case may be, the Adjustment calculated pursuant to Section 11.3 (the “Purchase Price”). 
 Furthermore the Purchaser shall pay an earn-out based additional purchase price, if any, pursuant to Section 11.6 (“Additional Purchase Price”). 

 

	11.2	Payment of the Purchase Price 

 At Closing, the Purchaser shall pay and deliver USD 3.9 million ($3,900,000) of the Estimated Purchase Price by wire transfer of immediately available funds to Sellers as follows: 

 

	 	(a)	$819,000 shall be paid to the Parent Company at a bank account designated by the Parent Company in writing prior to the Transfer Date; and 

 

	 	(b)	$3,081,000 shall be paid to the Subsidiary at a bank account designated by the Parent Company in writing prior to the Transfer Date. 

At Closing, the Purchaser shall pay and deliver USD 2.6 million ($2,600,000) of the Estimated Purchase Price in the form of two
promissory notes on the terms set forth in Loan Agreement I and Loan Agreement II . 
  

	11.3	Adjustment 

 The
Estimated Purchase Price is based on the Reference NAV as per the Reference Accounts. 
 The difference (on a dollar-for-dollar
basis) exceeding USD 200,000 between (a) the Closing NAV and (b) the Reference NAV shall constitute the “Adjustment”. 
 If the Adjustment is positive, the Purchaser shall pay the Adjustment to the Sellers and if the Adjustment is negative, the Sellers shall pay the Adjustment to the Purchaser pursuant to Section 11.5
below. 

  
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 The Closing Accounts, including a calculation of the Closing NAV (jointly, the
“Calculation”), shall be prepared and delivered in writing to the Sellers as soon as practicable after Closing, however not later than thirty (30) days following the Transfer Date. If the Sellers disagree with the Calculation,
the Sellers shall submit a written notice thereof to the Purchaser not later than thirty (30) days after the date of receipt of the Calculation by the Sellers, indicating the adjustments demanded by the Sellers to the Calculation and the
reasons therefor as well as the amount that the Sellers believe to be the correct Adjustment (the disputed amounts being the “Disputed Amount”). If the Purchaser does not receive such notice of dispute within such thirty
(30) day period, or if the Purchaser receives the written acceptance of the Calculation by the Sellers before the expiry of such thirty (30) day period, the Calculation shall be deemed final and binding on the Parties. 

For the purpose of reviewing the Calculation, the Sellers’ representatives shall have reasonable access to the personnel,
book-keeping material and records relating to the EL Business. 
  

	11.4	Disputed Amount 

The Disputed Amount shall be settled as follows: The Parties shall in good faith endeavour to resolve the Disputed Amount within ninety
(90) days from the Transfer Date. If such resolution cannot be reached within such ninety (90) day period, the Disputed Amount shall be resolved by the Independent Auditor upon the written request of either Party. The Parties shall jointly
instruct the Independent Auditor that he/she shall (a) act as an expert and not as an arbitrator; (b) determine the Disputed Amount on the basis of the matters described in the Calculation and the Sellers’ notice of dispute and other
materials that the Parties may submit; (c) render his/her written decision, together with the reasons therefor, in English within thirty (30) days from the submission of the dispute. Each Party shall be entitled but also obliged to provide
the Independent Auditor with documentation and assistance deemed necessary either by the other Party or the Independent Auditor for resolving the Disputed Amount. A copy of any written communication between one Party and the Independent Auditor
shall simultaneously be provided to the other Party. 
 Either Party may dispute the resolution of the Independent Auditor by
initiating arbitral proceedings in accordance with Section 21 within fourteen (14) days from the date of receipt of the resolution of the Independent Auditor. If no arbitral proceedings have been initiated within such fourteen
(14) day period, or if the Parties have accepted the resolution of the Independent Auditor in writing before the expiry of such fourteen (14) day period, the resolution of the Independent Auditor shall be deemed final and binding upon the
Parties. The Independent Auditor or the arbitral tribunal, as the case may be, shall further decide on the allocation of their fees between the Parties. 
  

	11.5	Payment of the Adjustment 

 The Adjustment (or any undisputed part thereof, as the case may be) shall be paid by the relevant Party to the other Party, in immediately available funds on the bank account designated by the receiving
Party to the other Party in writing, within three (3) business days from the date when the Adjustment has been determined through the Parties’ joint resolution, the Independent Auditor’s final and binding resolution or by the arbitral
tribunal, as the case may be. 

  
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	11.6	Additional Purchase Price 

 After the end of each of the three calendar years after Closing (on each of December 31, 2013, 2014 and 2015), the Purchaser shall pay Additional Purchase Price, if any, equal to the higher of:

 (a) 10% of all revenue for the calendar year derived from New Design Wins (as defined in Appendix 11c), payable
however only in the event that the revenues of the EL Business as operated by Beneq (calculated in accordance with Appendix 11c) for the calendar year exceeds USD 20 million ($20,000,000); or 

(b) 10 % of the amount by which the revenues of the EL Business as operated by Beneq (calculated in accordance with Appendix
11c) for the calendar year exceeds USD 20 million ($20,000,000), 
 in each event calculated in accordance with
principles set out in Appendix 11c. 
 The aggregate amount of the Additional Purchase Price payable by the
Purchaser may not in any event exceed USD 3.5 million ($3,500,000). 
 The Purchaser shall prepare the calculation of the
Additional Purchase Price annually by the end of February in accordance with principles set out in Appendix 11c and provide the calculation for the Sellers’ review. Additional Purchase Price determined pursuant to above, if any,
shall be paid by the Purchaser within five (5) business days from (a) the date when the Earn-Out Schedule and the Additional Purchase Price (if any) have been agreed between the Parties or decided by the Arbitrating Accountant (in
accordance with Appendix 11c). 
  

	11.7	VAT and TAXES 

 The
Transaction constitutes a transfer of business for the purposes under Article 19a of the Finnish Act on value added tax. The Purchaser hereby confirms in accordance with Article 209f of the said act that it will continue to use the Transfer Assets
in its business activities following the Transfer Date. However, should any VAT be required to be paid in Finland as a result of the consummation of the transactions contemplated by this Agreement, the Purchaser shall pay such VAT. 

If the Purchaser receives claims or is held liable by the tax authorities for any tax or duty in relation to the EL Business or the
Transferred Assets that has accrued or otherwise relates to the time period prior to and including the Transfer Date, the Sellers shall indemnify and hold harmless the Purchaser for any such liability and for any related amounts, such as interest or
penalties, charged by the relevant tax authority. 
 If the Sellers receive claims or Sellers are held liable by any relevant tax
authority for any tax or duty in relation to the EL Business (as conducted by the Purchaser after the Transfer Date) or the Transferred Assets that has accrued or otherwise relates to the time period

  
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following the Transfer Date, the Purchaser shall indemnify and hold harmless the Sellers for any such liability and for any related amounts, such as interest or penalties, charged by the relevant
tax authority. 
  

	12	EMPLOYEES 

  

	12.1	Transferred Employees 

 The sale and purchase under this Agreement constitutes a transfer of undertaking under Chapter 1, Section 10 of the Finnish Employment Act (26.1.2001/55, as amended) and on the Transfer Date, all
Employees, other than the Employees listed in Appendix 12 retained by Sellers (the “Retained Employees”), will transfer and become employees of Purchaser as from the Transfer Date in accordance with the Finnish
Employment Act (collectively, the “Transferred Employees”). 
 For the avoidance of doubt, any Employee is only
regarded a Retained Employee provided that he/she will have, by Closing, entered into a tripartite agreement with the Purchaser and the relevant Seller (or Seller’s Affiliate) according to which the employee shall not become or be deemed to
become an employee of the Purchaser and shall not present any claims against the Purchaser relating to the transfer of undertaking, and if any Retained Employee does not enter into such agreement, he/she is considered as a Transferred Employee. The
Sellers shall indemnify and hold harmless the Purchaser in respect of any costs, damages and expenses related to any claims from Retained Employees. In case any other employees of the Sellers or their Affiliates than the Transferred Employees or
Retained Employees claim that they would have been entitled to transfer to the Purchaser pursuant to Section 12.1, the Sellers shall (i) use, and shall cause that their relevant Affiliates use, all reasonable measures to persuade such
employees to conclude a tripartite agreement with the Purchaser and the relevant Seller (or Seller’s Affiliate) according to which the employee shall not transfer to the employment of the Purchaser and shall not present any claims against the
Purchaser relating to the transfer of undertaking, and (ii) shall indemnify and hold harmless the Purchaser in respect of any costs, damages and expenses related to any claims from such other employees of the Sellers or their Affiliates.

  

	12.2	Accrued Liabilities 

All amounts in respect of accrued and unpaid salaries and bonuses earned by Employees or other similar payments owed to Employees by
operation of law or mandatory regulations for the period up to and including the Transfer Date shall be the responsibility of Sellers. The Sellers shall calculate the estimated monetary amount of the Assumed Employee Liabilities accrued by (and
including) the Transfer Date and such amount minus one-half of the amount accrued as of the Transfer Date with respect to holiday or personal time off for all Transferred Employees (the “Employee Settlement Amount”) shall be paid by
the Sellers to Purchaser at Closing (and to the extent the actual monetary amount of the Assumed Employee Liabilities accrued by (and including) the Transfer Date differs from the amount paid at Closing, such amount shall be paid by the relevant
Party to the other Party in connection with the payment of the Adjustment under Section 11.5 or thereafter, as the case may be). 

  
 15 

 For the avoidance of doubt, the Sellers shall be solely responsible and liable for any
liabilities and obligations towards the Employees other than Assumed Employee Liabilities (for the avoidance of doubt, the Assumed Employee Liabilities including the one-half of the amount accrued as of the Transfer Date with respect to holiday or
personal time off for all Transferred Employees not included as part of the Employee Settlement Amount), including without limitation, any bonuses or incentives which are not considered as part of the Employee’s employment and thus not as
Assumed Employee Liabilities. The Sellers shall pay such amounts directly to employees. 
  

	12.3	Employee Communication 

 Each Party shall take all actions as may be required under any Law, collective agreement or other agreement to properly inform and consult or, as may be necessary or desirable as a result of such
informing or consultation, to properly obtain all authorisations, consents or approvals from, the Employees or the relevant Employee representatives in order for the Sellers to transfer the Transferred Employees to the Purchaser. Each Party shall
comply with an employee communications plan (including a timeline for implementation), substantially in the form attached as Appendix 12a, in order to ensure a smooth transition of the Transferred Employees to the Purchaser and minimal
disruption to the EL Business. 
 Each Party shall be responsible for and shall indemnify and hold harmless the other Party
against any liability arising from a failure by it to comply with requirements of or obligations under any law regarding the transfer of undertaking (including, but not limited to, any information duties). 

 

	12.4	Employees of the Shanghai office 

 The Parties’ intention is that the four (4) employees currently working for the EL Business in the Sellers’ office in Shanghai through a labour service provider Shanghai Foreign Service
Co., Ltd will, as of the Closing under this Agreement, work for the Purchaser (or its affiliates or their relevant rep office in Shanghai). As the agreements regarding such change have not yet been finalised, the Parties hereby agree that the
Purchaser (or its affiliates) will accept that the years of service relevant in the determination of a potential severance payment of such employees shall take into account the years of service while such employees still worked for the Sellers, as
disclosed by the Sellers prior to the date hereof (without the Sellers having to compensate anything to the Purchaser for such responsibility), but otherwise the Sellers shall be responsible and liable for any salaries, holiday entitlements, social
charges and any other payments, responsibilities and liabilities in relation to such employees that accrue or relate to events or circumstances occurring prior to and including the Transfer Date. The Parties shall sign the relevant contracts and
take other actions to give effect to the above principle. 
  

	13	ASSIGNMENT OF RIGHTS AND AGREEMENTS 

  

	13.1	Commercial Contracts 

 The Commercial Contracts are as of the Transfer Date transferred to the Purchaser. 

  
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 The Sellers shall perform and be responsible for all obligations and liabilities under or
related to the Commercial Contracts to the extent such obligations are required under the Commercial Contracts to be performed or discharged or such liabilities accrue or relate to events or circumstances occurring prior to and including the
Transfer Date. The Sellers shall indemnify and hold harmless the Purchaser against any costs or expenses (including without limitation reasonable legal fees) arising out of or relating to a non-performance or a breach of any Commercial Contract
prior to and including the Transfer Date by the Seller. 
 The Purchaser shall perform and be responsible for all obligations
and liabilities under or related to the Commercial Contracts to the extent such obligations are required under the Commercial Contracts to be performed or discharged or such liabilities accrue or relate to events or circumstances occurring following
the Transfer Date (however, excluding any obligations and liabilities due to the fact that a consent or waiver required from a third party has not been obtained by the Transfer Date). The Purchaser shall indemnify and hold harmless the Sellers
against any costs or expenses (including without limitation reasonable legal fees) arising out of or relating to a non-performance or breach of any Commercial Contract by the Purchaser following the Transfer Date (however, excluding any
non-performance or breach due to the fact that a consent or waiver required from a third party has not been obtained by the Transfer Date). 
 Sellers shall not take any action for the purpose of discouraging any customer of the EL Business from continuing to do business with the Purchaser. 

The Parties have prior to Closing received the consents relating to the transfer of the Commercial Contracts listed in Appendix 11.
Without prejudice to Section 8.2, in case further consents or waivers of third parties are required for the assignment and transfer of the Commercial Contracts, the Sellers shall obtain (or to procure the obtaining of) such consents or waivers
as soon as possible after Closing, and the Purchaser shall take all reasonable efforts to assist the Sellers. In case a third party that must consent to the assignment of a particular contract to Purchaser refuses to do so, the Parties will
cooperate and agree in good faith on an arrangement under which the contract is performed by Purchaser on a subcontract basis or on some other arrangement that places the Parties in the same position as would an assignment, provided that such
arrangement is not expressly prohibited by the Commercial Contract in concern (in which case the Parties will negotiate in good faith how the situation is solved). Until the relevant consents or waivers are obtained, the Sellers shall after Closing
give the benefit of the Commercial Contracts to the Purchaser and give all reasonable assistance to the Purchaser, at the Purchaser’s request, to exercise or enforce the rights and perform the obligations, in each case, of the Sellers under the
Commercial Contracts. 
 As regards the “Supply Agreement between ETA and the Planar for Transparent Electroluminescent
Displays in Wrist Watches” (with appendices), dated in November 2012, the Parties in particular agree and acknowledge that any payments by ETA to Planar under the said agreement shall belong to the Purchaser and, if these to any extent have
been or will be received by any of the Sellers, the Sellers shall cause such payments to be immediately forwarded in full to the Purchaser (including, without limitation, payments referred to in Section 3.1 of the said agreement). 

  
 17 

 According to the “Buffer Stock Agreement” between CEI Contract Manufacturing
Limited (“CEI”) and the Parent Company dated 18 February 2011, the Parent Company has authorized CEI, for two years from 18 February 2011, to purchase and keep on hand, for the sole purpose of building certain EL components for
the Parent Company, the materials and quantities defined in an Exhibit A to such agreement, required for CEI to produce EL displays in sufficient number to meet the Parent Company’s rotating 90 day purchase forecast. Further, according to the
agreement, in the event when there is no demand for 3 months, CEI reserves the right to sell back these components to the Parent Company. However, the Sellers have informed the Purchaser that at the date hereof, there is no buffer stock as the
Parent Company and CEI have agreed not to apply the Buffer Stock Agreement anymore. Instead, the Parent Company has agreed, upon CEI’s request, to purchase back from CEI certain components listed in Appendix 18 purchased by CEI
upon authorization of the Sellers which may not be ultimately consumed. As of 12 September 2012, the total amount of authorized risk buy material, in aggregate, that were not consumed, amounted to USD 61,220.19 as per Appendix 18
(the “CEI MOQ Stock”). Further, Appendix 19 contains a listing of certain items which are excess material due to no demand (the total value of such items being USD 32,581.47 on the date hereof), which the Parent Company
has also undertaken to buy back at CEI’s request (the “Excess Stock”). The Parent Company has informed the Purchaser that so far CEI has not exercised its right to sell back components to the Parent Company (or demanded such right to
be exercised), even though some of the components appear to be more than 12 months old. The Parties have agreed that the above described obligations of the Parent Company to buy back the components of the CEI MOQ Stock and/or Excess Stock will be
transferred to the Purchaser as described above upon Closing, subject to the following: (i) the Parent Company represents and warrants that the information included in Appendices 18 and 19 is true, correct and complete,
(ii) the Parent Company will indemnify and hold harmless the Purchaser from (x) any claims of CEI, presented at the latest on 30 November 2013, regarding selling back to the Purchaser any components purchased by CEI which at the
Transfer Date were more than three (3) months old (i.e. purchased more than 3 months ago), and (y) any costs and losses arising from any claim of CEI, regarding selling back any components purchased by CEI on or prior to the Transfer Date
which are not presented in Appendices 18 and 19 as part of CEI MOQ Stock amounting to USD 61,220.19 or as part of Excess Stock amounting to USD 32,581.47, or for which the price payable by Purchaser exceeds the value presented in such
Appendices. 
  

	13.2	Orders 

 All orders
for delivery of EL Business products (“Orders”), partly or wholly unfulfilled as of the Transfer Date, obtained in the ordinary course of business before the Transfer Date shall be transferred to Purchaser as from the Transfer Date.
In case consents or waivers of third parties are required for the assignment and transfer of Orders, the Sellers shall obtain (or to procure the obtaining of) such consents or waivers as soon as possible after Closing, and the Purchaser shall take
all reasonable efforts to assists the Sellers. In case a customer that must consent to the assignment of a particular Order to Purchaser refuses to do so, the Parties will cooperate and agree in good faith on an arrangement under which the Order is
performed by Purchaser on a subcontract basis or on some other arrangement that places the Parties in the same position as would an assignment, provided that such arrangement is not expressly prohibited by the Commercial Contract in concern (in
which case the Parties will negotiate in good faith how the situation is solved). 

  
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 Sellers shall promptly refer to the Purchaser all enquiries, regardless if received by
phone, in writing or orally, relating to the EL Business. Without limiting the foregoing, in respect of the Sellers’ distributors, customers and other parties who have prior to Closing purchased EL products from the Sellers (or provided
services related to the EL Business to any of the Sellers), but with respect of which the contracts were not transferred to the Purchaser at Closing, the Sellers shall cooperate and take all reasonable measures to assist the Purchaser in entering
into new agreements with such customers, distributors and other parties. 
  

	13.3	Marketing and sales activities 

 The Purchaser may make use of the Employee’s experience in all of their marketing and sales activities, specifically including the experience gained and accomplishments made before the Transfer Date.

  

	13.4	Patents 

  

	 	1.	The Purchaser and Sellers acknowledge that the ownership in the Patents shall be transferred effective as of the Transfer Date and the Subsidiary and Parent Company
shall, at the Purchaser’s expense, take and shall cause that their relevant Affiliates take all actions and execute all documents and instruments reasonably requested by the Purchaser or necessary or customary to vest title relating to such
Patents in, and cause the transfer of all registrations for, the Patents to the Purchaser. 

  

	 	2.	Upon Closing, the Purchaser will acquire the ownership and all intellectual property rights in and to all Intellectual Property in addition to the Patents. The list of
such Patents to be transferred to Purchaser at Closing hereunder is attached as Appendix 4 of this Agreement. Should any employee of Sellers or their Affiliates make an invention within twelve (12) months after the Transfer Date
(a) that relates solely to the EL Business, Sellers shall offer to assign such invention to the Purchaser free of charge and (b) that does not relate solely to the EL Business but that is useful in the EL Business, Sellers shall offer to
the Purchaser a royalty-free license to such invention. 

  

	13.5	IT Separation 

 The
IT Licenses are as of the Transfer Date transferred to the Purchaser. The Parties acknowledge that consents for transferring IT Licenses have been obtained by Closing only for software and/or other applications listed in Appendix 11.
The Sellers are responsible for obtaining all necessary consents with respect to the other IT Licenses as soon as possible after the Transfer Date. The Sellers shall indemnify and hold harmless the Purchaser against any costs or expenses
(including without limitation costs due to third party claims, cover purchases (in Finnish: kateosto) and reasonable legal fees) arising out of or relating to the fact that a consent or waiver required from a third party has not been obtained
by the Transfer Date. 

  
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 The IT separation shall be executed in accordance with the Mutual Co-Operation and Services
Agreement. 
 The Sellers shall perform and be responsible for all obligations and liabilities under or related to the IT
Licenses to the extent such obligations are required under the IT Licenses to be performed or discharged or such liabilities accrue or relate to events or circumstances occurring prior to and including the Transfer Date. The Sellers shall indemnify
and hold harmless the Purchaser against any costs or expenses (including without limitation reasonable legal fees) arising out of or relating to a non-performance or a breach of any IT License prior to and including the Transfer Date (including any
obligations and liabilities due to the fact that a consent or waiver required from a third party has not been obtained by the Transfer Date). 
 The Purchaser shall perform and be responsible for all obligations and liabilities under or related to the IT Licenses to the extent such obligations are required under the IT Licenses to be performed or
discharged or such liabilities accrue or relate to events or circumstances occurring following the Transfer Date (however, excluding any obligations or liabilities relating to the fact that a consent or waiver required from a third party has not
been obtained by the Transfer Date). The Purchaser shall indemnify and hold harmless the Sellers against any costs or expenses (including without limitation reasonable legal fees) arising out of or relating to a non-performance or breach of any IT
License by the Purchaser after the Transfer Date (however, excluding any non-performance or breach due to the fact that a consent or waiver required from a third party has not been obtained by the Transfer Date). 

For the avoidance of doubt, the above described division of obligations and liabilities in relation to the IT Licenses shall apply between
the Sellers and the Purchaser regardless of anything to the contrary agreed with any licensor or other contracting counterparty under IT Licenses under any assignment agreement or other document. 

 

	13.6	Transfer of Permits 

All Permits listed in Appendix 14a are as of the Transfer Date transferred to the Purchaser. 

In case consents or waivers of third parties (not yet obtained) are required for the assignment and transfer of such Permits, the Sellers
shall take all reasonable efforts to obtain (or to procure the obtaining of) such consents or waivers as soon as possible after Closing, and the Purchaser shall each take all reasonable efforts to assists the Sellers. In case a third party that must
consent to the assignment of a particular contract to Purchaser refuses to do so despite the reasonable efforts of the Sellers, the Parties will cooperate and agree in good faith on an arrangement that places the Parties in the same position as
would an assignment. Until the relevant consents or waivers are obtained, the Sellers shall give all reasonable assistance to the Purchaser to exercise or enforce the rights and perform the obligations, in each case, of the Sellers under such
Permits. 
 The Parties acknowledge that the Purchaser shall notify the environmental authorities of the change of the identity
of the operator of EL Business, where after such authorities consider whether they approve the transfer of the environmental permit to the Purchaser 

  
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(unconditionally or subject to certain conditions). The Sellers shall cooperate with the Purchaser and take all reasonable efforts to assist the Purchaser (including, without limitation,
providing any required information or documentation and agreeing on relevant transitional arrangements) in obtaining such approval as soon as possible after Closing, and until the relevant approvals are obtained, the Sellers shall give all
reasonable assistance to the Purchaser, at the Purchaser’s request and cost, to ensure the compliance with the environmental permits and other environmental compliance. 
 With respect to the non-assignable Permits listed in Appendix 14b, the Sellers shall cooperate with the Purchaser and take all reasonable efforts to assist the Purchaser (including, without limitation,
providing any required information or documentation and agreeing on relevant transitional arrangements) in obtaining such Permits as soon as possible after Closing, and until the relevant Permits are obtained, the Sellers shall give all reasonable
assistance to the Purchaser, at the Purchaser’s request and cost, to ensure the compliance with applicable laws and regulations, and where relevant, with contractual obligations under the Commercial Contracts. 

 

	13.7	Shared Contracts 

The Commercial Contracts that are partly associated with the EL Business and partly with other businesses of the Sellers or their
affiliates (the “Shared Contracts”) are set out in Part I of Appendix 8. The Sellers shall use their best efforts to have, in close cooperation with the Purchaser, all Shared Contracts divided as soon as
practicable after Closing, by agreeing upon and documenting with the counterparty an appropriate separation of the rights and obligations associated with the EL Business and the rights and obligations associated with other businesses of the Sellers
or their affiliates. 
 Until a division of a Shared Contract is agreed and documented by all relevant parties, the Parent
Company or the Subsidiary shall remain a party to the Shared Contracts, and the Sellers shall give all reasonable assistance to the Purchaser, at the Purchaser’s request, to exercise or enforce the rights and perform the obligations associated
with the EL Business under the Shared Contracts. Without limiting the foregoing, until such division is achieved, the Sellers shall without delay communicate to the Purchaser any customer orders and other orders for delivery of EL Business products
as well as all enquiries relating to the EL Business under the Shared Contracts, and the Parties shall agree upon the arrangement whereby the Shared Contract, for the relevant part pertaining to the EL Business, will be performed by the Purchaser
(at the cost and for the benefit of the Purchaser but formally in the name of the Sellers). 
 If a Shared Contract relates to
supplies, deliveries or services to the Sellers, the Purchaser shall have the benefit of all outstanding orders relating to the EL Business under such Shared Contracts (a non-exclusive listing of such orders set out in Appendix 2, sheets Open
PO’s Espoo and Open PO’s Beaverton), and shall, pursuant to Section 4.2, pay, to the extent required to be paid after the Transfer Date, the trade accounts payable set out in Appendix 9. Until a division of such Shared Contract has
been achieved, the Sellers shall facilitate that the Purchaser may (at the cost of the Purchaser but formally in the name of the Sellers) order products and otherwise enforce the rights associated with the EL Business under such Shared Contracts.

  
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 If there are other contracts (than those identified in Part 1 of Appendix 8), which are
partly associated with the EL Business and partly with other businesses of the Sellers or their affiliates, upon request of the Purchaser the above principles shall be applied with respect to such contracts. 

 

	13.8	Sellers Performance of Lotus Subcontract 

 Notwithstanding anything in this Agreement to the contrary, from and after the Transfer Date until the earlier to occur of (1) the Purchaser (in its discretion) entering into a new agreement directly
with the party that is the ultimate beneficiary of the Lotus Subcontract relating to the services covered by the Lotus Subcontract, or (2) the termination of the Lotus Subcontract (the first to occur of the preceding (1) or (2) , the
“Lotus Transfer Time”), Sellers shall retain and not transfer ownership of the assets and employees required for the purposes of the Lotus Subcontract as detailed in Exhibit D (including the named employees’ know-how solely in
relation to the Lotus Subcontract) (from which employees a separate acknowledgement has been received ). Immediately upon the Lotus Transfer Time, any and all such property, rights and employees not transferred at the Transfer Date based upon this
Section 13.8 shall immediately, and without further action on the part of any party, transfer to the Purchaser hereunder and the Sellers shall at the Purchaser’s request execute any and all documents that may be needed to effect and
complete such transfer. From the Transfer Date until the Lotus Transfer Time and the due completion of the transfer to Purchaser, notwithstanding that the Lotus Subcontract shall be performed by Sellers, the Parties will take such actions, in good
faith, as are necessary to place the Parties in the same economic position as they would be if all property and employees were transferred to the Purchaser on the Transfer Date and Purchaser was the Party to perform, and benefit from the business
under, the Lotus Subcontract. 
 The Sellers shall (i) not terminate the Lotus Subcontract without the prior consent of
Purchaser; and (ii) cooperate in good faith and assist (as may be requested the Purchaser) in the Purchaser’s negotiations concerning the new agreement referred to herein; and (iii) shall run the retained operations taking into
account the best interests of the Purchaser and keep the assets and rights to be transferred to the Purchaser hereunder intact and in good and normal working order and condition. 

It is expressly acknowledged and agreed that the consideration for the assets, employees, rights and business to be transferred hereunder
is included in the Purchase Price and in no event shall any further compensation or consideration whatsoever be payable by the Purchaser to any of the Sellers on the Lotus Transfer Time on in relation thereto. In the event that prior to the end of
the term of the Lotus Subcontract, Sellers terminate or cause the termination of the Lotus Subcontract due to a breach thereof by Sellers, Sellers shall be liable to Purchaser for an early termination penalty equal to (A) the gross revenue
payable to Sellers for the unexpired portion of the base term of the Lotus Subcontract multiplied by (B) forty-two and half per cent (42.5%). Within not longer than 30 days after such termination, Sellers shall, at its discretion, either pay
the penalty amount to the Purchaser in cash or execute and deliver a document indicating its agreement to set off the termination penalty amount against the amount outstanding under Vendor Note II. 

  
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 For the avoidance of any doubt, save for the assets and employees specifically detailed in
Exhibit D, the provisions of this Section 13.8 shall not in any other way limit the business and rights to be transferred to the Purchaser hereunder as of the date hereof. 

 

	14	REPRESENTATIONS AND WARRANTIES OF SELLERS 

 Each of the Parent Company and the Subsidiary represents and warrants to the Purchaser that, except as is otherwise set forth in the disclosure schedule attached hereto as Appendix 12b (the
“Sellers Disclosure Schedule”), the following statements contained in this Section 14 (together with the information included in any Appendix made a part of the statements contained in this Section 14) are true and correct
as of the Transfer Date: 
  

	14.1	The Transaction 

  

	 	1.	Each of the Parent Company and the Subsidiary is duly organised and validly existing under the laws of its domicile, has the corporate power to carry on the EL
Business, and has the legal and corporate capacity, power and authority to enter into this Agreement and to sell the Transfer Assets to the Purchaser and to consummate and perform the all other transactions contemplated by this Agreement. The
decision in this respect has been taken in a meeting of the Board of Directors of the Parent Company and an extraordinary shareholders meeting of the Subsidiary and a certified copy of the Parent Company board resolutions and the minutes of the
extraordinary shareholders meeting of the Subsidiary are attached as Appendix 13. 

  

	 	2.	The execution and delivery of, and the performance by the Sellers of their obligations, under this Agreement and the Related Agreements, do not result in a breach of
any Law, Permit, judgment or order of any court or authority, contract or obligation binding on any of the Sellers, or any provision of the articles of association or any corporate resolutions of, or require any consent or approval of any
shareholders, partners or financiers of the Sellers. The Sellers do not need any consent or approval by any governmental or other competent authority for the execution and delivery of, or the performance by the Sellers of their obligations, under
this Agreement or the Related Agreements. 

  

	 	3.	At the Transfer Date at Closing the Transfer Assets will be validly transferred to the Purchaser. 

 

	 	4.	The Transfer Assets, together with the services to be provided by the Sellers under the Related Agreements, includes all assets and rights necessary to conduct the EL
Business as conducted by Sellers prior to and on the Transfer Date without the necessity of incurring additional costs for the acquisition of further assets or services and the consummation of transactions contemplated herein will not prevent or
restrict the conduct of the EL Business as conducted by Sellers on the Transfer Date. 

  

	 	5.	This Agreement has been duly executed by Sellers, constitutes valid and binding obligations of the Sellers and is enforceable against Sellers in accordance with its
terms. 

  
 23 

	14.2	Information 

Without prejudice to any other representation or warranty set out in this Agreement, the information in this Agreement (including, without
limitation, the representations and warranties in this Agreement, including the schedules and Appendices) together with the information provided by the Sellers or their representatives in response to questions presented by the Purchaser and its
representatives in the document entitled “due diligence review (the “Q&A”) attached hereto as Appendix 13a and other written responses by Sellers to the Purchaser’s and its representatives’ questions
presented prior to the signing of this Agreement, taken as together as a whole, does not contain any material misstatement of facts or omit to state facts necessary to make the statements made not materially misleading. 

 

	14.3	Financial Information 

 The Reference Accounts and the other financial information concerning the EL Business provided included in Appendix 13a (the “Financial Information”), has been prepared with
U.S. generally accepted accounting principles (“U.S. GAAP”) consistently applied by the Subsidiary / the Parent Company, and the Financial Information fairly present in all material respect the financial position and performance of
the EL Business, as per the dates and for the periods specified in such Financial Information. 
 All Accounts Receivable
represent valid and enforceable obligations of the EL Business owed to the Purchaser after the Transfer Date and, by the terms of such receivables, payable to the Purchaser within 90 days from the Transfer Date. The portion of the general reserve
which covers bad and doubtful receivables of USD $46,000 is formed in accordance with the US GAAP and, to the Sellers’ Knowledge, is sufficient to cover all Accounts Receivable not paid to the Purchaser in the ordinary course of business
after the Transfer Date (without any proceedings or debt collection by the Purchaser). 
  

	14.4	Conduct of Business 

Between June 1, 2012 and the date of this Agreement, the EL Business has been conducted by Sellers in its ordinary course of
business. 
  

	14.5	The Commercial Contracts 

  

	 	1.	There are no contracts relating to or necessary in the operation of the EL Business as of the Transfer Date, material to the conduct of the EL Business other than the
Commercial Contracts listed in Appendix 2. 

  

	 	2.	The Commercial Contracts have been duly executed and are legally valid and enforceable in accordance with their respective terms, as disclosed to the Purchaser in
writing in connection with the Purchaser’s due diligence review, and they have been entered into in the normal course of business and on arm’s length. 

 

	 	3.	All Liabilities under the Commercial Contracts required to have been paid or performed by Sellers on or prior to the Transfer Date have been paid or performed in
accordance with the terms of such contracts. 

  
 24 

	 	4.	Neither the Sellers nor, to Sellers’ Knowledge, any other party to any Commercial Contract material to the conduct of the EL Business is in default under such
agreement in any material respect. The Sellers have not received notice of early termination of any Commercial Contract material to the conduct of the EL Business. 

 

	 	5.	There are no pending, or to the Seller’s Knowledge, threatening legal disputes of any kind with respect to the Commercial Contracts. 

 

	14.6	Transfer Assets 

  

	 	1.	The Sellers have, and the sale pursuant to this Agreement will vest the Purchaser with, full, unrestricted, exclusive, valid and transferable title to and ownership of
the Transfer Assets free and clear of all Encumbrances. 

  

	 	2.	All Transfer Assets that are tangible property are in a condition satisfactory for use for the purpose for which they are currently used in the conduct of the EL
Business having due regard to their age and normal wear and tear and have been properly maintained for normal use in the ordinary course of the EL Business. 

 

	 	3.	Subject to Sellers’ inventory reserve existing on the Transfer Date as described on Appendix 14, all Inventory is of a good, usable and merchantable
quality and quantity usable for the purpose which they are used in the ordinary course of the EL Business. 

  

	14.7	Intellectual Property 

  

	 	1.	The Intellectual Property includes all property rights and intellectual property rights necessary to the operation of the EL Business as conducted by Sellers on the
Transfer Date. 

  

	 	2.	Each of the Patents have been duly registered either in the name of the Subsidiary or the Parent Company with, applied for or granted by, as the case may be, the
appropriate authorities in the respective countries and such registrations, filings and issuances remain in full force. All renewal applications or renewal fees and other fees relating to the Patents which were required to be filed or paid, as the
case may be, on or prior to the Transfer Date have been made or paid. 

  

	 	3.	There are no pending or, to the Sellers’ Knowledge, threatened proceedings, litigation or other adverse claims with respect to the Intellectual Property and, to
the Sellers’ Knowledge, no person or entity is infringing the Intellectual Property. 

  

	 	4.	None of the Intellectual Property is subject to any outstanding order, judgement, lien, encumbrance or attachment or other Encumbrance. 

 

	 	5.	The conduct of the EL Business and the use of the Intellectual Property by the Sellers prior to the Transfer Date does not, infringe the intellectual property or
other rights of any third party. 

  
 25 

	 	6.	The consummation of the transaction contemplated by this Agreement will not result in a breach of or the termination of any rights included among the Intellectual
Property. 

  

	 	7.	Sellers have not granted any licenses or other rights with respect to the Intellectual Property to any third parties. 

 

	 	8.	No Intellectual Property are owned by, or in the physical possession of, any employee or other third party. 

 

	 	9.	The Employee Inventions are covered by valid, enforceable and written contracts regarding Sellers ‘ownership rights with respect to the Intellectual Property
(including but not limited to inventions), freely transferable to the Purchaser. 

  

	14.8	Information Technology 

  

	 	1.	In addition to the IT Licenses and the Commercial Contracts concerning IT services, there are no other information technology software licenses or other IT services
agreements used in or necessary for the operation of the EL Business by Sellers. The IT Licenses have been duly executed and are legally valid and enforceable in accordance with their respective terms, as disclosed to the Purchaser in writing in
connection with the Purchaser’s due diligence review. All Liabilities under the IT Licenses required to have been paid or performed by Sellers on or prior to the Transfer Date have been paid or performed in accordance with the terms of such
contracts. 

  

	 	2.	Subject to the requirement to obtain the consent of the third party licensor, as set out in Appendix 11, the information technology software covered by
the IT Licenses transferred as a part of the Transfer Assets can be used by the Purchaser as from the Transfer Date. 

  

	14.9	Espoo Facility and Environmental Matters 

  

	 	1.	The Subsidiary is in compliance with all environmental Laws and environmental permits required by any environmental authorities with respect to the Espoo Facility.
Without prejudice to the generality of the foregoing sentence, all hazardous substances used or generated by the Subsidiary at the Espoo Facility have at all times been disposed of in compliance with applicable environmental Laws and environmental
permits in effect now or at the time of such disposal. 

  

	 	2.	The Subsidiary has duly obtained all environmental permits required under environmental Laws or otherwise necessary to conduct the EL Business at the Espoo Facility and
all such permits are in full force and effect. The Subsidiary has not received any written notice that any environmental permit is been revoked, suspended, amended, varied, withdrawn or not renewed. 

  
 26 

	 	3.	There are no pending, or to the Seller’s Knowledge, threatening proceedings against the Subsidiary in respect of any breach of any environmental legislation or
permit. 

  

	 	4.	The Subsidiary has complied with all applicable environmental Laws or permits and is not subject to any order of any legal authority for any clean-up or other
remediation acts with respect to the Espoo Facility or any related obligation to investigate environmental matters with respect to the Espoo Facility. 

  

	 	5.	The Espoo Facility has been duly maintained, in accordance with the provisions of the Espoo Lease and normal and prudent standards applicable in the relevant industry.
The Espoo Facility is in good operating condition and fit for the operation of the EL Business. The Sellers have complied and comply in all material respects with applicable Laws, permits, and agreements related to planning, building, fire, safety,
health, and other similar matters regarding the Espoo Facility. To the Sellers’ Knowledge, no authorities have made any decision or taken any action that could have a material adverse effect on the use of the Espoo Facilities (including
revocation of any permits). 

  

	14.10	Employees 

  

	 	1.	A listing of the employment contracts, together with up-to-date information on the salary and any pension and other benefits of such employees, of (a) the
Transferred Employees is attached hereto as Appendix 7 and (b) of Jim Liu is attached hereto as Appendix 7a. Copies of the employment contracts listed in Appendix 7 that have been disclosed to the
Purchaser as part of its due diligence review prior to the signing of this Agreement are true, complete and current on the date hereof. There are no pension benefits, bonus schemes, deferred compensation agreements, incentive programs or similar
arrangements with respect to any Transferred Employees or Jim Liu in excess of those provided by the relevant mandatory Laws or collective bargaining agreements, except as set out in Appendix 7 and Appendix 7a. The Sellers have, in
respect of each Transferred Employee, complied with all obligations imposed on them by the employment contract of the Transferred Employee, or by any applicable mandatory Law or collective agreement. All salaries, bonus and other amounts due to be
paid to the Employees on or prior to the Transfer Date have been paid when due. The Sellers have, at all times, fully paid all contributions for pension liabilities when due. 

 

	 	2.	Each of the Transferred Employees works mainly (as the concept is determined under Finnish law) within the scope of the EL Business on the Transfer Date. No former
employee of the Sellers has the priority to be re-employed in the EL Business. 

  

	 	3.	Except as set out in Appendix 17, the Sellers are not party to or bound by any collective agreements with respect to the Transferring Employees or Jim
Liu. 

  

	 	4.	No material occupational health or occupational safety related occurrences or material work place accidents have taken place prior to the Transfer Date that after
Transfer Date will lead to any additional liabilities to the Purchaser. 

  
 27 

	 	5.	No Transferred Employee has given Sellers notice of the termination of his or her employment with Sellers. 

 

	 	6.	There are no pending or, to Sellers Knowledge, threatened claims or labour litigation in respect of the Transferred Employees. All negotiations or other actions
required to be conducted by Sellers with any trade union under a collective bargaining agreement or otherwise or any worker’s representative required in connection with or as a result of the transaction contemplated by this Agreement have been
completed by Sellers prior to the Transfer Date. The Sellers have not engaged in any lock-outs or been the object of any strikes with respect to Transferred Employees. 

 

	14.11	Compliance 

 All
Permits necessary to carry out the EL Business as conducted on the Transfer Date are listed in Appendix 14a, are full in force and effect and there are not any currently existing violations of any such Permits, and with the exception
of non-assignable Permits set out in Appendix 14b, such Permits will remain in force despite the transactions contemplated by this Agreement. There is no pending action or other proceeding which seeks the revocation of any Permit. The
Sellers have complied and comply with all Laws applicable to the EL Business. 
 The Sellers have complied with the reporting and
any other obligations and requirements with respect to funding provided by TEKES with respect to the EL Business and fulfilled the criteria for the grant of such funding, and the Sellers have not taken actions or measures (or omissions) that could
lead to obligation for the Purchaser to return or repay any TEKES funding. In addition to TEKES funding described in Appendix 14c, the Sellers have not received other subsidy, aid or relief from any authority or organisation
which will be or may have to be repaid due to the consummation of the transactions contemplated by this Agreement or otherwise 
  

	14.12	Insurance 

  

	 	1.	The EL Business has at all times been covered by insurance policies of a customary type and amount and such insurance will be in full force and effect up until the
signing of this Agreement. 

  

	 	2.	Sellers have made no claims under the insurance policies covering the EL Business during three years prior to the Transfer Date. 

 

	 	3.	To Sellers Knowledge, there have been no facts, incidents or circumstances prior to the Transfer Date giving rise to an insurance claim. 

 

	14.13	Products 

  

	 	1.	The products and services produced, provided or sold within EL Business are fit for the purpose and use for which they are intended, and meet the relevant
specifications and requirements of the purchase orders and agreements. No product or service produced, provided or sold within EL Business violates any Laws or Permits. 

  
 28 

	 	2.	The product warranties referred to in Section 4.2 are given in the ordinary course of business and they are binding for a period of not longer than 12 months
(except sales in China for which the warranty period is 24 months) from the delivery. No claims, investigations or proceedings based on product liability or product warranties or other obligations for products or services produced, provided or sold
within EL Business are pending or, to the Sellers’ Knowledge, threatened. 

  

	14.14	Litigation 

 There
are no litigation, proceeding, investigation, claim or other actions are pending or, to Sellers Knowledge, threatened against Sellers in respect of the EL Business or the ownership or the use of the Transfer Assets. 

 

	15	INDEMNITY 

  

	 	(a)	Survival of Representations and Covenants 

 Without limiting the provisions regarding the allocation of obligations and liabilities relating to the Transfer Assets and Assumed Liabilities or the exclusion of the Excluded Assets and Excluded
Liabilities set out in Sections 4, 12 and 13, the representations, warranties, covenants and indemnification obligations of Sellers, and representations, warranties, covenants and indemnification obligations of the Purchaser, set forth in this
Agreement shall survive the Transfer Date and shall continue in full force and effect up through and including November 30, 2014 except that (i) the provisions of Section 17 shall survive and continue in full force and effect up
through November 30, 2015, (ii) the provisions of Section 11.7 shall survive and continue in full force and effect up through the end of the applicable statute of limitations, (iii) the provisions of Section 13.5 shall
survive and continue in full force and effect up through and including November 30, 2017, and (iv) the provisions of Section 5.1 shall survive and continue in full force and effect up through November 30, 2015 (each such date
hereinafter the “Claims Date”). 
  

	 	(b)	Indemnification by Sellers 

Subject to the provisions of this Section 15(b), and as an integral part of the Transaction, Sellers hereby agree to hold harmless
and indemnify the Purchaser from and against, and to compensate and reimburse the Purchaser for any claim or loss which is suffered or incurred by the Purchaser (regardless of whether or not such claim or loss relates to any third party claim)
arising out of or in connection with: 
  

	 	(1)	any inaccuracy in any representation or warranty made by Sellers in this Agreement; and 

 

	 	(2)	any failure by Sellers to perform or comply with any covenant or agreement in this Agreement. 

  
 29 

 Any claim for indemnification by the Purchaser pursuant to this Section 15 shall be
subject to the following limitations: 
  

	 	(i)	the Parties agree and acknowledge that, however without limiting the Sellers’ indemnification and other obligations and liabilities under Sections 5, 11.7, 12, 13,
16, and 17, indemnification provisions of this Section 15 are the Purchaser’s sole and exclusive remedy with respect to all claims and losses of every kind and nature arising in connection with transactions contemplated by this Agreement
or the subject matter hereof, 

  

	 	(ii)	the aggregate indemnification obligations of Sellers, however without limiting the Sellers’ indemnification and other obligations and liabilities under Sections 5,
11.7, 12, 13, 16, and 17, shall be limited to an amount equal to fifty percent (50%) of the Purchase Price actually paid or due for payment by the Purchaser to Sellers under this Agreement (the “Cap”). For the avoidance of
doubt, to the extent a claim or claims made prior to or on the applicable Claims Date exceed the amount of the Cap determined at the time such Claim is made, such claims remain outstanding until the Cap has been finally determined (i.e. until the
last portion of Additional Purchase Price has been paid or is due for payment); and 

  

	 	(iii)	Sellers are not required to make any indemnification payment unless a written notice of a claim is given by the Purchaser prior to or on the applicable Claims Date (it
being clear that the Purchaser shall be entitled to make an initial claim for any contingent loss and finalise such initial claim when the contingent loss has ceased to be contingent); 

 

	 	(iv)	unless a claim made by the Purchaser under this Agreement has been satisfied, settled or withdrawn previously, the arbitral proceedings based on such claim shall be
commenced against any of the Sellers within 12 months from the notice of a claim referred to above in sub-section (iii) in accordance with Section 21 (Governing law and arbitration); 

provided, however, that the foregoing limitations shall not apply in the case of fraud, gross negligence or willful misconduct, or with
respect to breach of representations and warranties set out in Sections 14.1 and 14.6(1). 
  

	(c)	Defense of Third Party Claims 

 In the event of the assertion or commencement by any third party of any claim or proceeding with respect to which Sellers may become obligated hereunder to indemnify, hold harmless, compensate or
reimburse the Purchaser pursuant to this Section 15, the Purchaser shall reasonably promptly, but in any event within thirty (30) days following knowledge thereof, notify Sellers of such claim or proceeding and of the facts within the
Purchaser’s knowledge related thereto by providing written notice to the Sellers. Save for liabilities in relation to product warranties (which may be handled by Purchaser at its discretion), Sellers shall have the right, at its election, to
assume the defense, negotiation and settlement of such claim or proceeding at its sole expense. Notwithstanding anything to the contrary contained herein, in the event of an indemnification claim arising under Section 13 if the Sellers propose
to settle such third-party claim for an amount that exceeds the maximum amount for which Sellers would be liable pursuant to Section 13, then Sellers shall not agree to any such settlement without the prior written consent of the Purchaser. In
any such matter: 

  
 30 

 (1) the Sellers shall proceed to defend such claim or proceeding in a
diligent manner, always taking the due interests of the Purchaser reasonably into account; 
 (2) the Sellers
shall keep the Purchaser informed of all material developments and events relating to such claim or proceeding and consult the Purchaser in advance in order to comply with point (1) above; 

(3) the Purchaser shall make available to the Sellers any documents and materials in the possession or control of the
Purchaser that may be reasonably necessary to the defense of such claim or proceeding; and 
 (4) the Purchaser
shall have the right to participate in the defense of such claim or proceeding at its own expense. 
  

	16	NON-DISCLOSURE OF PROPRIETARY DATA AND PUBLICITY 

 The Parties shall not at any time make use of, divulge or otherwise disclose, directly or indirectly any trade secret or other proprietary data relating to the other Party (it being agreed that after
Transfer Date, any information relating to the EL Business will be deemed proprietary data relating to the Purchaser and not to either of the Sellers) or any element of the contents of this Agreement to any third party, save as otherwise required by
law and the authorities. The non-disclosure agreement entered into between the Purchaser and the Parent Company effective 29 March 2012 shall terminate and expire upon signing of this Agreement. 

The Sellers hereby undertake at any time whether after the Transfer Date not without the written consent of Purchase to divulge or use,
whether directly or indirectly, for its own benefit or for the benefit of any person, corporation or business entity other that the Purchaser, as the case may be, any information or knowledge concerning the EL Business not in public domain.

 All press releases and other public relations activities of the Parties with regard of the transactions contemplated under
this Agreement shall be mutually approved by the Parent Company and Purchaser in advance except for statements required to be presented by the Parent Company to comply with United States federal and state securities laws. 

 

	17	NON-COMPETITION AND COMPENSATION FOR DAMAGES 

 The Subsidiary and Parent Company hereby agree that for a period of three (3) years from and after the Transfer Date, it shall not (and shall cause that any of their Affiliates does not) either
directly or indirectly, for its own benefit or as agent for another, (a) carry on or participate in the ownership, management or control of or financing of or consult for a person or business enterprise engaged in the design, development,
manufacture, marketing, distribution and sale of EL panels and displays or other aspect of the EL Business or (b) employ or solicit for employment, any Transferred Employee or other employees of the Purchaser. 

  
 31 

	18	OTHER COVENANTS 

  

	18.1	Use of Planar name and redirecting website traffic 

 The Sellers grant the Purchaser a license to use the Planar name and the trademark described in Appendix 15 for a transitional period commencing on the Transfer Date and ending 24 months
after Transfer Date solely for the purpose of disposing of any branded Inventory included among the Transferred Assets, in addition to which the Purchaser may continue to use the Planar name and trademark in new products manufactured with the
Transferred Assets before 31 December 2012 so as to allow smooth transition and compliance with any Commercial Contracts. Further, the Purchaser shall be entitled to redirect (and the Subsidiary shall execute the necessary technical measures
enabling the redirecting of) any traffic from the website www.planar.fi to the Purchaser’s websites during the mentioned transitional period. 
  

	19	FURTHER ASSURANCES 

 The
Parties shall, after the Transfer Date, execute and deliver such further agreements and other documents and take such other actions as the other party may reasonably request to consummate or implement the Transaction or any other action agreed
herein or to evidence such events or matters. 
  

	20	MISCELLANEOUS 

  

	20.1	Notices 

 Any
notices or other communication to or upon the other Party under this Agreement will be effective only if made in writing in English and delivered to the other Party to the address specified in Appendix 16 or to such other address as
specified by a Party to the other Party in accordance with this Section 20.1. All notices and other communications will be deemed to have been received by the relevant Party (a) on the on the third (3rd) business day after the day of
mailing if sent by overnight courier or first class mail or (b) on the day of transmission if sent by fax or e-mail. 
  

	20.2	Appendices Incorporated 

 Each Appendix to which reference is made herein and which is attached hereto is deemed to be incorporated in this Agreement by such reference. 

 

	20.3	Interpretation 

The fact that a Party has drafted or participated in drafting this Agreement or any Related Agreement, or any provisions thereof, does not
in any way affect the interpretation of this Agreement or any Related Agreement to the disadvantage of such Party. 

  
 32 

 The headings and the table of contents of this Agreement and any Related Agreement are for
convenience of reference only and do not in any way limit or affect the meaning or interpretation of the provisions of this Agreement or any Related Agreement. 
  

	20.4	Severability 

 If
any term or condition of this Agreement or any Related Agreement is found to be invalid, illegal or unenforceable, all other terms and conditions of this Agreement or any Related Agreement will remain unaffected and in full legal force and effect.
The Parties shall negotiate and agree in good faith to replace, to the extent permitted by applicable Law, such individual term or condition by a provision of the same or similar effect or meaning or having as close as possible the same economic
purpose as initially pursued by the Parties through such individual term or condition. 
  

	20.5	Amendments 

 Any
modifications or amendments to this Agreement or any Related Agreement will be valid and binding only when made in writing and executed by each Party unless otherwise explicitly provided herein. 

 

	20.6	No Waiver 

 No
provision or right under this Agreement or any Related Agreement will be considered waived without an explicit written statement or agreement signed by the waiving Party in each specific case. Failure by the Party at any time to require performance
of any provisions of this Agreement or any Related Agreement does not in any manner affect such Party’s right to enforce the same. A waiver of any term, provision or right under this Agreement or any Related Agreement will not be construed as a
waiver of the same under any subsequent events or circumstances or as a waiver of any other term, provision or right thereunder. 
  

	20.7	Costs and Expenses 

Except as otherwise expressly set out in this Agreement or any Related Agreement, all costs and expenses, including fees and disbursements
of legal counsel and other advisers, incurred in connection with this Agreement or any Related Agreement or the transactions contemplated therein shall be paid by the Party incurring such costs and expenses, whether or not Closing will occur or has
occurred. 
  

	21	GOVERNING LAW AND ARBITRATRION 

 This Agreement and the legal relations between the Parties shall be governed by and construed in accordance with the laws of Finland. 

Disputes arising from this Agreement are to be settled by arbitration in Helsinki. The Parties shall jointly appoint the single arbitrator
or, if they cannot agree within thirty days, the arbitrator shall be appointed by the Board of Arbitration of the Central Chamber of Commerce in Finland and the rules of the said board are to be observed in the arbitral proceedings. The proceedings
shall be commenced in English. 

  
 33 

			
	 22       APPENDICES; EXHIBITS

		
	 Appendix 1
	 	Equipment
	 Appendix 1a
	 	Inventory
	 Appendix 2
	 	Commercial Contracts
	 Appendix 3
	 	IT Licenses
	 Appendix 4
	 	Patents
	 Appendix 5
	 	Employees
	 Appendix 6
	 	Employee Inventions
	 Appendix 7
	 	Employee Agreements
	 Appendix 7a
	 	Agreements with Jim Liu
	 Appendix 8
	 	Other Excluded Assets
	 Appendix 9
	 	Accounts Payable
	 Appendix 10
	 	Warranty Obligations
	 Appendix 11
	 	Consents
	 Appendix 11b
	 	Reference Accounts and Reference NAV
	 Appendix 11c
	 	Calculation of the Additional Purchase Price
	 Appendix 12
	 	Retained Employees
	 Appendix 12a
	 	Employee Communication Plan
	 Appendix 12b
	 	Sellers Disclosure Schedule
	 Appendix 13
	 	Meeting Minutes
	 Appendix 13a
	 	Due Diligence Q&A
	 Appendix 13b
	 	Financial Information
	 Appendix 14
	 	Inventory Reserve
	 Appendix 14a
	 	Permits
	 Appendix 14b
	 	Non-assignable Permits
	 Appendix 14c
	 	TEKES Funding
	 Appendix 15
	 	Licensed Trademark
	 Appendix 16
	 	Notice Details
	 Appendix 17
	 	Collective Bargaining Agreements with respect to Transferred Employees and Jim Liu
	 Appendix 18
	 	CEI MOQ Stock
	 Appendix 19
	 	Excess Stock
		
	 Exhibit A
	 	Loan Agreement I
	 Exhibit B
	 	Loan Agreement II
	 Exhibit C
	 	Mutual Co-operation and Services Agreement
	 Exhibit D
	 	Lotus related assets and employees
	
	 [Signature page to follow]

  
 34 

 This Agreement has been signed in three (3) equal copies, one for each Party as of the date first
written above. 
  

	
	PLANAR SYSTEMS OY
	
	  

	
	PLANAR SYSTEMS, INC.
	
	  

	
	BENEQ PRODUCTS OY
	
	  

	 Sampo Ahonen

	 Managing Director

  
 35 

 Loan Agreement I 

dated 30 November 2012 
 between 
 PLANAR SYSTEMS, INC., 

PLANAR SYSTEMS OY 
 and 
 BENEQ PRODUCTS OY 

 
 

 

  
 1 (8)

 This loan agreement (the “Agreement”) is dated 30 November 2012 and made between:

  

	(1)	Planar Systems Oy, a corporation organized and existing under the laws of Finland, having its registered office in Olarinluoma 9, 02200 Espoo (the
“Subsidiary”); 

  

	(2)	Planar Systems, Inc., a corporation organized and existing under the laws of Oregon having its registered office in 1195 NW Compton Drive Beaverton, OR 97006
(USA) (the “Parent Company” and jointly with the Subsidiary the “Sellers”); and 

  

	(3)	Beneq Products Oy, a corporation organized and existing under the laws of Finland, having its registered office in Olarinluoma 9, 02200 Espoo (the
“Purchaser”); 

 (the parties referred to above in sections (1) to (3) hereinafter each
a “Party” and jointly the “Parties”). 
 Furthermore, Beneq Oy, the parent company of the
Purchaser has signed this Agreement in its capacity as guarantor. 
 BACKGROUND 

On the date of this Agreement, the Sellers have sold and transferred to the Purchaser and the Purchaser has purchased from the Sellers
certain assets relating to the Sellers’ electroluminescent business in accordance with the terms and conditions of the sale of assets agreement dated 30 November 2012 (such agreement together with any appendices and related agreements the
“Sale of Assets Agreement”). Pursuant to the Sale of Assets Agreement, a portion of the purchase price shall be paid by the Purchaser to the Sellers in accordance with the terms and conditions of this Agreement. 

 

	1	LOAN AMOUNT 

  

	1.1	The amount payable by the Purchaser to the Sellers under this Agreement (the “Loan Amount”) shall be USD 1,500,000 subject to reduction
(set-off) for amounts which are determined to be owed by any of the Sellers based on any claim for indemnification made under the Sale of Assets Agreement by the Purchaser (or its successor) against any of the Sellers (the “Claim”).

  

	1.2	The repayment of the Loan Amount shall at all times be subject to any Claims which have been properly brought by Purchaser under the Sale of Assets Agreement and which
have not been (a) withdrawn by the Purchaser in writing; (b) settled in writing between the Parent Company (on its own behalf and on behalf of the Subsidiary) and the Purchaser; or (c) resolved in an arbitral award (the
“Outstanding Claims”), and at any time when there are any Outstanding Claims existing on a date when a portion of the Loan Amount is scheduled for repayment, the Purchaser shall not be obliged to repay any portion of the Loan
Amount to the extent the aggregate amount of all Outstanding Claims exceeds the Loan Amount that would be outstanding after such repayment. 

  

	2	INTEREST 

 Interest on the
outstanding Loan Amount from time to time (the “Interest”) shall accrue at a rate equal to (i) 8 per cent per annum from the date of this Agreement through 30 November 2013 and (ii) 15 per cent per annum
from and after 30 November 2013 until all outstanding Loan Amount and Interest accrued thereon are paid (or set off) in full. Interest shall be calculated on the basis of actual number of days lapsed, based on a 360-day year and 30-day months.

  
 2 (8)

 Notwithstanding the foregoing, no Interest shall accrue or be payable on any portion of the
Loan Amount that is finally determined to be owed and payable to Purchaser in respect of any Claim for the period commencing on the date of this Agreement and ending on the date on which all or any portion of the Loan Amount is offset hereunder in
respect of such Claim (it being agreed and understood that in the event of final amounts reimbursed to Purchaser based on Claims, any Interest possibly paid or accrued during the term of this Agreement pursuant to the repayment schedule set forth
below in Clause 3.1 on the relevant amount shall be recalculated from the date of this Agreement and deducted from any future payments to be made by the Purchaser). 
  

	3	REPAYMENT SCHEDULE 

  

	3.1	The Loan Amount that on the relevant payment date exceeds the aggregate amount of the Outstanding Claims shall become due and be repaid by the Purchaser as follows:

  

	 	(a)	a portion of (up to) USD 375,000 on 30 November 2014; and 

  

	 	(b)	a portion of (up to) USD 375,000 on 30 November 2015; and 

  

	 	(c)	a portion of (up to) USD 375,000 on 30 November 2016; and 

  

	 	(d)	a portion of (up to) USD 375,000 on 30 November 2017, 

 each payment added by the Interest (if any) accrued on the outstanding Loan Amount until (and including) the relevant date of payment, subject to Section 2 above. 

 

	3.2	After repayment in accordance with Section 3.1 (or any relevant portion not paid in full and where a Claim has not entitled the Purchaser to compensation, as the
case may be), any remaining outstanding Loan Amount (if any) shall be repaid as follows: a portion of the remaining outstanding Loan Amount equal to an Outstanding Claim (or part thereof) shall become due and payable within 5 business days from the
issuance of an arbitral award or reaching a written settlement between the Parent Company (on its own behalf and on behalf of the Subsidiary) and the Purchaser, according to which such Outstanding Claim (or part thereof) does not entitle Purchaser
or Purchaser’s successor to compensation from any of the Sellers (however, not earlier than or on the next repayment date pursuant to Section 3.1). 

 

	3.3	The Purchaser shall be entitled, at its discretion, to repay the Loan Amount (together with accrued Interest) at any time without prior notice and without any
prepayment charge. 

  

	3.4	(i) 79 per cent of each payment of the Loan Amount and Interest shall be made in cash to the Subsidiary’s bank account IBAN: FI58 1583 5200 0104 05
(SWIFT: NDEAFIHH), with Nordea Bank Finland Plc or any other bank account specified by the Parent Company (on its own behalf and on behalf of the Subsidiary) in writing to the Purchaser; and 

(ii) 21 per cent of each payment of the Loan Amount and Interest shall be made in cash to the Parent Company’s following bank
account 
 Planar Systems, Inc. 
 Bank: Bank of America, 121 SW Morrison, Portland, Oregon 97204 
 Account #:
          002801702713 
 Routing #:
          026009593 

SWIFT:                 BOFAUS3N 

or any other bank account specified by the Parent Company in writing to the Purchaser. 

  
 3 (8)

	3.5	For the purposes of this Agreement, business day shall mean any day when banks are generally open for business in Finland. 

 

	3.6	Without limiting the Outstanding Claims being deducted from the Loan Amount (or any part thereof payable pursuant to Section 3.1), the Purchaser has a right once
during the term of this Loan Agreement not to pay on the respective due date any agreed amounts of principal in accordance with Section 3.1 (the “Change of Repayment Date”). The following conditions will apply upon the
Purchaser using its’ right to Change of Repayment Date: 

  

	 	(a)	the unpaid scheduled repayment amount not paid on the due date shall be paid not later than one hundred and eighty (180) days after the agreed due date as set out
in Section 3.1; 

  

	 	(b)	In addition to the continued accrual of interest determined in accordance with Section 2 with respect to any amount concerning which the Purchaser exercises a
Change of Repayment Date, in the event Purchaser elects to exercise its right to Change of Repayment Date, the Purchaser is obliged to pay to the Sellers a penalty corresponding to 12 months’ Interest on the Loan Amount outstanding on the date
of non-payment (and at the interest rate prevailing on the date of non-payment) (for the avoidance of doubt, it being agreed and understood that such penalty interest shall not be payable by the Purchaser if payment is made within 14 days of the
original Repayment Date); 

  

	 	(c)	the penalty pursuant to sub-clause (b) shall be paid together with the delayed Loan Amount payment determined in accordance with Section 3.5(a);

  

	 	(d)	no additional default interest in addition to the penalty set out in sub-clause (b) shall be charged. 

 

	3.7	The Parties acknowledge that Beneq Oy as the parent company of the Purchaser has given to the Sellers a guarantee as for its own debt (in Finnish: omavelkainen
takaus) for the payment obligations of the Purchaser under this Agreement. 

  

	4	EVENT OF DEFAULT 

  

	4.1	The occurrence of one or more of the following events shall constitute an event of default (each an “Event of Default”) under this Loan
Agreement: 

  

	 	(a)	the Purchaser fails to pay on the due date any amount payable by it under this Agreement to the Sellers unless: 

 

	 	(i)	the Purchaser’s uses its right to Change of Repayment Date in accordance with Section 3.5its failure to pay is caused by administrative or technical error; or

  

	 	(ii)	payment is made within ten (10) banking days of the due date; 

  

	 	(b)	the Purchaser has become insolvent, or a liquidator, administrator, receiver or similar officer is sought to be appointed or appointed for the Purchaser or for a
substantial part of its property, or bankruptcy, reorganisation or other insolvency proceedings or other action for the relief of debtors have been instituted by or against the Purchaser. This sub-clause (b) shall not apply to any winding-up
process which is frivolous or vexations. 

  
 4 (8)

	 	(c)	the Purchaser has failed to pay when due any financial indebtedness from bank or other financial institution, non-trade lender or investor, unless payment is made
within ten (10) banking days from the due date (or another period of time agreed between the Purchaser and the relevant institution). 

  

	 	(d)	there is commenced against Purchaser in Finland any case, proceeding or action seeking attachment, execution or similar process against all or a substantial part of the
assets of Purchaser. 

  

	4.2	At any time after an Event of Default has occurred and for as long such Event of Default has not been waived or remedied, the Sellers may declare that all parts of the
Loan Amount, together with ant accrued interest and other amounts outstanding under this Agreement be immediately due and payable, whereupon they shall become immediately due and payable. In addition, Sellers may file suit or exercise any other
right or remedy provided in law or in equity in connection with a breach or default of this Agreement. Upon an Event of Default, in addition to interest accruing on the Loan Amount hereunder, the Purchaser shall be liable for reasonable and
documented attorneys’ fees and costs incurred by the Sellers in enforcing this Agreement and collecting amounts due and payable hereunder. The failure by Sellers to exercise any right or remedy with respect to the declaration of any default or
Event of Default shall not be deemed or construed to constitute a waiver by, or to preclude Sellers from exercising any right with respect to such default or Event of Default at a later date or with respect to any subsequent default or Event of
Default by Purchaser. 

  

	5	WARRANTIES OF THE PURCHASER 

 The Purchaser warrants to the Sellers, as at the date of this Agreement, that the Purchaser has legal and corporate power and authority to enter into this Agreement and to consummate the transactions
contemplated by this Agreement and that this Agreement constitutes valid and binding obligations of the Purchaser in accordance with its terms and conditions, and that the Purchaser will have at the relevant repayment dates all funds or financing in
place necessary to pay and deliver to the Sellers the payments as contemplated hereby. 
  

	6	REPRESENTATIVE OF THE SUBSIDIARY 

 The Subsidiary hereby agrees that the Parent Company shall, for all matters arising out of or relating to this Agreement, act on behalf of itself and on behalf of the Subsidiary and hereby confirms to the
other Parties that the Parent Company has irrevocable power and authority to represent the Subsidiary and to act on its behalf in relation to all such matters, including but not limited to the right, on the Subsidiary’s behalf, to receive any
payment, to designate bank accounts for payments and to receive any documentation, information or notices under this Agreement. 
  

	7	CONFIDENTIALITY 

 The
Parties shall keep the contents of this Agreement, the transactions contemplated hereby and any negotiations or possible proceedings in relation hereto confidential and shall not disclose such contents, transactions, negotiations or proceedings to
any third party, except as required by any applicable mandatory laws or stock exchange regulations. 

  
 5 (8)

	8	MISCELLANEOUS 

  

	8.1	Notices 

 Any notices or
other communication to or upon the other Party under this Agreement will be effective only if made in writing in English and delivered to the other Party to the address specified below or to such other address as specified by a Party to the other
Parties in accordance with this Section 8.1. All notices and other communications will be deemed to have been received by the relevant Party upon confirmation of receipt or (a) on the on the third (3rd) business day after the day of
mailing if sent by overnight courier or first class mail or (b) on the day of transmission if sent by fax or e-mail. 
 If
to the Sellers: 
 Address included in Exhibit 16 of the Sale of Assets Agreement (or as amended thereunder) 

If to the Purchaser: 
 Address included in Exhibit 16 of the Sale of Assets Agreement (or as amended thereunder) 
 always with a copy to the guarantor as follows: 
 Beneq Oy 

Att. CEO 

Ensimmäinen Savu 1, 01510 Vantaa, Finland 
 e-mail: sampo.ahonen@beneq.com 
  

	8.2	Interpretation 

 The fact
that a Party has drafted or participated in drafting this Agreement or any provisions hereof shall not in any way affect the interpretation of this Agreement to the disadvantage of such Party. The headings and the table of contents of this Agreement
are for convenience only and shall not affect the meaning or interpretation of the provisions of this Agreement. 
  

	8.3	Amendments and Waivers 

Any amendment to or waiver of this Agreement shall be made in writing and signed by or on behalf of the Parties or, in the case of a
waiver, by or on behalf of the Party waiving compliance with the Agreement. Any waiver of any of the terms of this Agreement by Sellers shall not be or be deemed to constitute a waiver of any other terms of this Agreement. 

 

	8.4	Assignment 

 No Party may,
without the prior written consent of the other Parties, assign or otherwise transfer its rights or obligations under this Agreement. 
  

	8.5	Governing Law 

 This
Agreement shall be governed by and construed in accordance with the laws of Finland excluding the application of its conflicts of law rules. 

  
 6 (8)

	8.6	Arbitration 

 Any dispute,
controversy or claim arising out of or relating to this Agreement, or the breach, termination or validity thereof, shall be finally settled by arbitration in accordance with the Arbitration Rules of the Arbitration Institute of the Finland Central
Chamber of Commerce. The number of arbitrators shall be one (1). The Parties shall jointly appoint the arbitrator or, if they cannot agree within thirty (30) days, the sole arbitrator shall be appointed by the Arbitration Institute of the
Finland Central Chamber of Commerce. The place of arbitration shall be Helsinki and the language of arbitration shall be English. The Parties acknowledge and agree that on the basis of this Section 8.6 the arbitrator shall not have jurisdiction
over any dispute, controversy or claim arising out of or relating to the Sale of Assets Agreement. 
  

	8.7	Counterparts of Agreement 

This Agreement has been executed in four (4) identical counterparts, one (1) for each Party and one for Beneq Oy as the
guarantor. For the avoidance of any doubt, Sections 8.5-8.6 shall also apply in relation to Beneq Oy as the guarantor. 

[Signature pages to follow] 

  
 7 (8)

 IN WITNESS WHEREOF, the Parties have duly executed this Agreement on the day and year first above
written. 
  

					
	PLANAR SYSTEMS OY	 		  	
			
	  
	 		  	  

	By:	 		  	By:
	Title:	 		  	Title:
			
	PLANAR SYSTEMS, INC.	 		  	
			
	  
	 		  	  

	By:	 		  	By:
	Title:	 		  	Title:
			
	BENEQ PRODUCTS OY	 		  	
			
	  
	 		  	  

	By:	 		  	By:
	Title:	 		  	Title:

 We have received an original copy of this Agreement and hereby guarantee as for our debt under Finnish law (in Finnish:
omavelkainen takaus) to the Sellers the payment obligations of our subsidiary Beneq Products Oy under this Agreement. Date and place as above. 
  

					
	BENEQ OY	 		  	
			
	  
	 		  	  

	By:	 		  	By:
	Title:	 		  	Title:

  
 8 (8)

 Loan Agreement II 

dated 30 November 2012 
 between 
 PLANAR SYSTEMS, INC., 

PLANAR SYSTEMS OY 
 and 
 BENEQ PRODUCTS OY 

 
 

 

  
 1 (7)

 This loan agreement (the “Agreement”) is dated 30 November 2012 and made between:

  

	(1)	Planar Systems Oy, a corporation organized and existing under the laws of Finland, having its registered office in Olarinluoma 9, 02200 Espoo (the
“Subsidiary”); 

  

	(2)	Planar Systems, Inc., a corporation organized and existing under the laws of Oregon having its registered office in 1195 NW Compton Drive Beaverton, OR 97006
(USA) (the “Parent Company” and jointly with the Subsidiary the “Sellers”); and 

  

	(3)	Beneq Products Oy, a corporation organized and existing under the laws of Finland, having its registered office in Olarinluoma 9, 02200 Espoo (the
“Purchaser”); 

 (the parties referred to above in sections (1) to (3) hereinafter each
a “Party” and jointly the “Parties”). 
 Furthermore, Beneq Oy, the parent company of the
Purchaser has signed this Agreement in its capacity as guarantor. 
 BACKGROUND 

On the date of this Agreement, the Sellers have sold and transferred to the Purchaser and the Purchaser has purchased from the Sellers
certain assets relating to the Sellers’ electroluminescent business in accordance with the terms and conditions of the sale of assets agreement dated 30 November 2012 (such agreement together with any appendices and related agreements the
“Sale of Assets Agreement”). Pursuant to the Sale of Assets Agreement, a portion of the purchase price shall be paid by the Purchaser to the Sellers in accordance with the terms and conditions of this Agreement. 

 

	1	LOAN AMOUNT 

 The amount
payable by the Purchaser to the Sellers under this Agreement (the “Loan Amount”) shall be USD 1,100,000. 
  

	2	INTEREST 

 Interest on the
outstanding Loan Amount from time to time (the “Interest”) shall accrue at a rate equal to (i) 8 per cent per annum from the date of this Agreement through November 30, 2013 and (ii) 15 per cent per annum
from and after November 30, 2013 until all outstanding Loan Amount and all interest accrued thereon are paid in full. Interest shall be calculated on the basis of actual number of days lapsed, based on a 360-day year and 30-day months.

  

	3	REPAYMENT SCHEDULE 

  

	3.1	The Loan Amount shall become due and be repaid by the Purchaser as follows: 

 

	 	(a)	a portion of USD 275,000 on 30 November 2014; and 

  

	 	(b)	a portion of USD 275,000 on 30 November 2015; and 

  

	 	(c)	a portion of USD 275,000 on 30 November 2016; and 

  

	 	(d)	a portion of USD 275,000 on 30 November 2017, 

 each payment added by the Interest accrued on the outstanding Loan Amount until (and including) the relevant date of payment. 

  
 2 (7)

	3.2	The Purchaser shall be entitled, at its discretion, to repay the Loan Amount (together with accrued Interest) at any time without prior notice and without any
prepayment charge. 

  

	3.3	(i) 79 per cent of each payment of the Loan Amount and Interest shall be made in cash to the Subsidiary’s bank account IBAN: FI58 1583 5200 0104 05
(SWIFT: NDEAFIHH), with Nordea Bank Finland Plc or any other bank account specified by the Parent Company (on its own behalf and on behalf of the Subsidiary) in writing to the Purchaser; and 

(ii) 21 per cent of each payment of the Loan Amount and Interest shall be made in cash to the Parent Company’s following bank
account 
 Planar Systems, Inc. 
 Bank: Bank of America, 121 SW Morrison, Portland, Oregon 97204 
 Account #:
            002801702713 
 Routing #:
            026009593 
 SWIFT:
                  BOFAUS3N 
 or any
other bank account specified by the Parent Company in writing to the Purchaser. 
  

	3.4	For the purposes of this Agreement, business day shall mean any day when banks are generally open for business in Finland. 

 

	3.5	The Purchaser has a right once during the term of this Loan Agreement not to pay on the respective due date any agreed amounts of principal in accordance with
Section 3.1 (the “Change of Repayment Date”). The following conditions will apply upon the Purchaser using its right to Change of Repayment Date: 

 

	 	(a)	the unpaid scheduled repayment amount not paid on the due date shall be paid not later than one hundred and eighty (180) days after the agreed due date as set out
in Section 3.1; 

  

	 	(b)	In addition to the continued accrual of interest determined in accordance with Section 2 with respect to any amount concerning which the Purchaser exercises a
Change of Repayment Date, in the event Purchaser elects to exercise its right to Change of Repayment Date, the Purchaser is obliged to pay to the Sellers a penalty corresponding to 12 months’ Interest on the Loan Amount outstanding on the date
of non-payment (and at the interest rate prevailing on the date of non-payment) (for the avoidance of doubt, it being agreed and understood that such penalty interest shall not be payable by the Purchaser if payment is made within 14 days of the
original Repayment Date); 

  

	 	(c)	the penalty pursuant to sub-clause (b) shall be paid together with the delayed Loan Amount payment determined in accordance with Section 3.5(a); and

  

	 	(d)	no additional default interest in addition to the penalty set out in (b) above shall be charged. 

 

	3.6	The Parties acknowledge that Beneq Oy as the parent company of the Purchaser has given to the Sellers a guarantee as for its own debt (in Finnish: omavelkainen
takaus) for the payment obligations of the Purchaser under this Agreement. 

  
 3 (7)

	4	EVENT OF DEFAULT 

  

	4.1	The occurrence of one or more of the following events shall constitute an event of default (each an “Event of Default”) under this Loan
Agreement: 

  

	 	(a)	The Purchaser fails to pay on the due date any amount payable by it under this Agreement to the Sellers unless: 

 

	 	(i)	the Purchaser’s uses its right to Change of Repayment Date in accordance with Section 3.5; or 

 

	 	(ii)	payment is made within ten (10) banking days of the due date; 

  

	 	(b)	the Purchaser has become insolvent or a liquidator, administrator, receiver or similar officer is sought to be appointed or appointed for the Purchaser or for a
substantial part of its property, or bankruptcy, reorganisation or other insolvency proceedings or other action for the relief of debtors have been instituted by or against the Purchaser. This sub-clause (b) shall not apply to any winding-up
process which is frivolous or vexations. 

  

	 	(c)	the Purchaser has failed to pay when due any financial indebtedness from bank or other financial institution non-trade lender or investor, unless payment is made within
ten (10) banking days from the due date (or another period of time agreed between the Purchaser and the relevant institution). 

  

	 	(d)	There is commenced against Purchaser in Finland any case, proceeding or action seeking attachment, execution or similar process against all or a substantial part of the
assets of Purchaser. 

  

	4.2	At any time after an Event of Default has occurred and for as long such Event of Default has not been waived or remedied, the Sellers may declare that all parts of the
Loan Amount, together with ant accrued interest and other amounts outstanding under this Agreement be immediately due and payable, whereupon they shall become immediately due and payable. In addition, Sellers may file suit or exercise any other
right or remedy provided in law or in equity in connection with a breach or default of this Agreement. Upon an Event of Default, in addition to interest accruing on the Loan Amount hereunder, the Purchaser shall be liable for reasonable and
documented attorneys’ fees and costs incurred by the Sellers in enforcing this Agreement and collecting amounts due and payable hereunder. The failure by Sellers to exercise any right or remedy with respect to the declaration of any default or
Event of Default shall not be deemed or construed to constitute a waiver by, or to preclude Sellers from exercising any right with respect to such default or Event of Default at a later date or with respect to any subsequent default or Event of
Default by Purchaser. 

  

	5	WARRANTIES OF THE PURCHASER 

 The Purchaser warrants to the Sellers, as at the date of this Agreement, that the Purchaser has legal and corporate power and authority to enter into this Agreement and to consummate the transactions
contemplated by this Agreement and that this Agreement constitutes valid and binding obligations of the Purchaser in accordance with its terms and conditions, and that the Purchaser will have at the relevant repayment dates all funds or financing in
place necessary to pay and deliver to the Sellers the payments as contemplated hereby. 
  

	6	REPRESENTATIVE OF THE SUBSIDIARY 

 The Subsidiary hereby agrees that the Parent Company shall, for all matters arising out of or relating to this Agreement, act on behalf of itself and on behalf of the Subsidiary and hereby confirms to the
other Parties that the Parent Company has irrevocable power and authority to represent the Subsidiary and to act on its behalf in relation to all such matters, including but not limited to the right, on the Subsidiary’s behalf, to receive any
payment, to designate bank accounts for payments and to receive any documentation, information or notices under this Agreement. 

  
 4 (7)

	7	CONFIDENTIALITY 

 The
Parties shall keep the contents of this Agreement, the transactions contemplated hereby and any negotiations or possible proceedings in relation hereto confidential and shall not disclose such contents, transactions, negotiations or proceedings to
any third party, except as required by any applicable mandatory laws or stock exchange regulations. 
  

	8	MISCELLANEOUS 

  

	8.1	Notices 

 Any notices or
other communication to or upon the other Party under this Agreement will be effective only if made in writing in English and delivered to the other Party to the address specified below or to such other address as specified by a Party to the other
Parties in accordance with this Section 8.1. All notices and other communications will be deemed to have been received by the relevant Party upon confirmation of receipt or (a) on the on the third (3rd) business day after the day of
mailing if sent by overnight courier or first class mail or (b) on the day of transmission if sent by fax or e-mail. 
 If
to the Sellers: 
 Address included in Exhibit 16 of the Sale of Assets Agreement (or as amended thereunder) 

If to the Purchaser: 
 Address included in Exhibit 16 of the Sale of Assets Agreement (or as amended thereunder), 
 always with a copy to the guarantor as follows: 
 Beneq Oy 

Att. CEO 

Ensimmäinen Savu 1, 01510 Vantaa, Finland 
 e-mail: sampo.ahonen@beneq.com 
  

	8.2	Interpretation 

 The fact
that a Party has drafted or participated in drafting this Agreement or any provisions hereof shall not in any way affect the interpretation of this Agreement to the disadvantage of such Party. The headings and the table of contents of this Agreement
are for convenience only and shall not affect the meaning or interpretation of the provisions of this Agreement. 
  

	8.3	Amendments and Waivers 

Any amendment to or waiver of this Agreement shall be made in writing and signed by or on behalf of the Parties or, in the case of a
waiver, by or on behalf of the Party waiving compliance with the Agreement. Any waiver of any of the terms of this Agreement by Sellers shall not be or be deemed to constitute a waiver of any other terms of this Agreement. 

  
 5 (7)

	8.4	Assignment 

 No Party may,
without the prior written consent of the other Parties, assign or otherwise transfer its rights or obligations under this Agreement. 
  

	8.5	Governing Law 

 This
Agreement shall be governed by and construed in accordance with the laws of Finland excluding the application of its conflicts of law rules. 
  

	8.6	Arbitration 

 Any dispute,
controversy or claim arising out of or relating to this Agreement, or the breach, termination or validity thereof, shall be finally settled by arbitration in accordance with the Arbitration Rules of the Arbitration Institute of the Finland Central
Chamber of Commerce. The number of arbitrators shall be one (1). The Parties shall jointly appoint the arbitrator or, if they cannot agree within thirty (30) days, the sole arbitrator shall be appointed by the Arbitration Institute of the
Finland Central Chamber of Commerce. The place of arbitration shall be Helsinki and the language of arbitration shall be English. The Parties acknowledge and agree that on the basis of this Section 8.6 the arbitrator shall not have jurisdiction
over any dispute, controversy or claim arising out of or relating to the Sale of Assets Agreement. 
  

	8.7	Counterparts of Agreement 

This Agreement has been executed in four (4) identical counterparts, one (1) for each Party and one for Beneq Oy as the
guarantor. For the avoidance of any doubt, Sections 8.5-8.6 shall also apply in relation to Beneq Oy as the guarantor. 

[Signature pages to follow] 

  
 6 (7)

 IN WITNESS WHEREOF, the Parties have duly executed this Agreement on the day and year first above
written. 
  

					
	PLANAR SYSTEMS OY	  		  	
			
	  
	  		  	  

	By:	  		  	By:
	Title:	  		  	Title:
			
	PLANAR SYSTEMS, INC.	  		  	
			
	  
	  		  	  

	 By:
	  		  	By:
	Title:	  		  	Title:
			
	BENEQ PRODUCTS OY	  		  	
			
	  
	  		  	  

	 By:
	  		  	By:
	Title:	  		  	Title:

 We have received an original copy of this Agreement and hereby guarantee as for our debt under Finnish law (in Finnish:
omavelkainen takaus) to the Sellers the payment obligations of our subsidiary Beneq Products Oy under this Agreement. Date and place as above. 
  

					
	BENEQ OY	  		  	
			
	  
	  		  	  

	By:	  		  	By:
	Title:	  		  	Title:

  
 7 (7)

 Mutual Co-operation and Services Agreement 

Dated 30 November 2012 
 Between 
 PLANAR SYSTEMS, INC., 

PLANAR SYSTEMS OY, 
 and 
 BENEQ PRODUCTS OY 

  
 -1-

 MUTUAL CO-OPERATION AND SERVICES AGREEMENT 

THIS MUTUAL CO-OPEARATION AND SERVICES AGREEMENT (this “Agreement”) is made this 30th day of November, 2012, by and
between Planar Systems Oy, a corporation organized and existing under the laws of Finland, having its registered office in Olarinluoma 9, 02200 Espoo (the “Subsidiary”); Planar Systems, Inc., a corporation
organized and existing under the laws of Oregon having its registered office in 1195 NW Compton Drive Beaverton, OR 97006 (USA) (the “Parent Company” and collectively with the Subsidiary, the
“Sellers”); and Beneq Products Oy, a corporation organized and existing under the laws of Finland, having its registered office in Ensimmäinen savu, 01510 Vantaa, Finland (the “Purchaser”).

 WHEREAS, the Sellers and the Purchaser have entered into a Sale of Assets Agreement of even date hereof (the
“Purchase Agreement”), whereby Sellers have agreed to sell and the Purchaser has agreed to acquire the EL Business of Sellers pursuant to the terms of the Purchase Agreement (the
“Transaction”); and 
 WHEREAS, in order to facilitate the orderly transfer of the EL Business in an
effective manner, the Parties have agreed to provide certain services for the periods and on the terms and conditions set forth herein; and 
 WHEREAS, any capitalized term not otherwise defined in this Agreement shall have the meaning given such term in the Purchase Agreement; 

NOW, THEREFORE, in consideration of the mutual agreements and covenants set forth herein and in the Purchase Agreement as well as other
good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, and intending to be legally bound hereby, the Parties agree as follows: 
  

	1.	SERVICES 

 1.1
Transition Services to be Provided by Sellers. During the term of this Agreement, the Sellers shall provide to the Purchaser the following services: (a) the services relating to the support of operations and sales management in North
America and in Asia described on schedule 1.1 (A) (“Operations & Sales Management Services”), and (b) the IT services relating to the 2-in-1, the Carve Out and IT Infrastructure Services
described on Schedule 1.1 (B) (“IT Services”). 
 1.2 Transition
Services to be Provided by the Purchaser. During the term of this Agreement, the Purchaser shall provide to the Sellers the following services: (a) the services relating to financial operations described on Schedule 1.2
(A) (“Financial Operations Services”), and (b) the services relating to IT infrastructure described on Schedule 1.1 (B) (“IT Services”) and (c) the services associated
with providing office space to employees of the Sellers after the Closing as described on Schedule 1.2 (B) (“Real EstateServices”). Each of the services to be provided under Sections 1.1 and 1.2 are
individually, a “Transition Service” and collectively, the “Transition Services”). 

  
 -2-

 1.3 Period the Transition Services Will Be Provided. The Parties
shall commence the performance of the Transition Services immediately upon the Closing, and, unless earlier terminated by the Purchaser or Sellers, at the case may be in accordance with Section 4.2, shall continue the performance in accordance
with the Schedules. 
 1.4 Cooperation. The Purchaser, on the one hand, and the Sellers, on the other
hand, shall cause their respective employees, and their respective Affiliates and their employees, to cooperate and coordinate with employees of the other Party and of the other party’s Affiliates, and shall take, or cause to be taken, all
reasonably appropriate action, and to do, or cause to be done, all things reasonably necessary, proper or advisable under applicable laws and regulations for effective delivery of the Transition Services. The Parties acknowledge that the Transition
Services described in the Schedules may not include all services that the Parties finally determine are desirable to receive from the other Party. Therefore, if within six (6) months from the Transfer Date, either Party identifies a service or
services that they wish to have the other Party provide hereunder (“Additional Services”), the Party desiring Additional Services will provide the other Party with a written Additional Services request, which
summarizes the nature of the Additional Services, scope and required duration. Upon such request, the Parties agree to hold a meeting within ten (10) business days from the date of the Additional Services request to discuss the matter in order
to attempt to reach an agreement regarding a definition of the Additional Services and regarding the terms and conditions under which such Additional Services are to be provided including remuneration relating to such Additional Services to be
received by the Party providing such services. In addition, each Party shall name a point of contact who shall be responsible for the day-to-day implementation of this Agreement, including attempted resolution of any issues that may arise during the
performance of any Party’s obligations hereunder. For such purposes, the Sellers have designated Ryan Gray and the Purchaser has designated Sampo Ahonen. 
 1.5 Third Party Services. The Parties shall have the right to engage the services of independent contractors to deliver or assist them in delivering the Transition Services contemplated under this
Agreement, in each case without the prior written approval of the other Party, provided, that the party engaging such independent services (a) will be liable for the costs of such contractors (including temporary employees) under the terms of
this Agreement, (b) shall impose on such independent contractors the confidentiality obligations specified in this Agreement, (c) shall supervise the performance of such third parties to ensure that the Transition Services meet the
requirements of this Agreement, and (d) shall remain wholly responsible for the performance of such contractors. 
 1.6 Provider Access. To the extent reasonably required for the performance of the Transition Services hereunder, the Parties shall provide access during normal business hours to the office space,
plants, telecommunications and computer equipment and systems, and any other areas and equipment reasonably requested by such Party, provided that the Parties shall observe the applicable security policies that are communicated in advance of being
granted such access. 

  
 -3-

 1.7 Costs. 

(a) The Purchaser shall pay the Sellers for Seller’s costs of providing the Operations & Sales Management
Services as set forth on Schedule 1.1 (A) hereto and the IT Services as set forth in Schedule 1.1 (B). 

(b) The Sellers shall pay the Purchaser for Purchaser’s costs of providing the Financial Operations Services as set
forth on Schedule 1.2 (A) hereto, the IT Services as set forth in Schedule 1.1 (B) and the Real Estate Services as set forth in Schedule 1.2 (B). 
 (c) Within fifteen (15) days after each calendar month, each party shall provide the other Party with a written itemized statement of the costs reimbursable by such other Party in accordance with
applicable Schedules, together with reasonable supporting documentation. Each such invoice shall be payable within thirty (30) days after its receipt by a Party. The Parties shall keep full and accurate books of account, records and copies of
all documents relating to the costs reimbursable in accordance with the Schedules hereto and this section. 
  

	2.	CONFIDENTIALITY 

2.1 Purchaser Confidential Information. The Purchaser may from time to time communicate to the Sellers, or the
Sellers may otherwise retain or gain access to, certain confidential business or technical information with respect to the EL Business, the Purchaser’s operations, business plans or intellectual property after the date of this Agreement (the
“Purchaser Confidential Information”). The Sellers shall not disclose, or permit the disclosure of, any Purchaser Confidential Information to any third party without the express prior written consent of the
Purchaser. The Sellers shall use the Purchaser Confidential Information only for purposes of performing the Transition Services and shall not make any other use thereof without the express prior written consent of the Purchaser. Without limiting the
generality of the foregoing, the Seller shall limit the use and disclosure of the Purchaser Confidential Information to those of its employees who need such information to perform the Transition Services, and the Seller shall ensure that each
employee who has access to the Purchaser Confidential Information complies with the obligations set forth above. 

2.2 Seller Confidential Information. The Sellers may from time to time communicate to the Purchaser, or the
Purchaser may otherwise gain access to, certain confidential business or technical information with respect to the Seller’s operations, business plans or intellectual property (excluding , for the purposes of this Agreement, any information
relating to the EL Business) after the date of this Agreement (the “Seller Confidential Information”). The Purchaser shall not disclose, or permit the disclosure of, any Seller Confidential Information to any
third party without the express prior written consent of the Seller. The Purchaser shall use the Seller Confidential Information only for purposes of this Agreement and shall not make any other use thereof without the express

  
 -4-

 
prior written consent of the Seller. Without limiting the generality of the foregoing, the Purchaser shall limit the use and disclosure of the Seller Confidential Information to those of its
employees who need such information for the purposes of this Agreement, and the Purchaser shall ensure that each employee who has access to the Seller Confidential Information complies with the obligations set forth above. 

2.3 Confidentiality Exceptions. Notwithstanding the foregoing, the Purchaser Confidential Information and the
Seller Confidential Information shall not include information which the receiving party can establish (a) to have been publicly known prior to disclosure of such information by the disclosing party to the receiving party, (b) to have
become publicly known, without fault on the part of the receiving party, subsequent to disclosure of such information by the disclosing party to the receiving party or (c) to already be in the possession of, or separately developed by, the
other party; provided, however, that nothing in this Agreement shall be deemed as limiting or diminishing in any manner the Seller’s confidentiality obligations under the Purchase Agreement. 

2.4 Permitted Disclosures. The confidentiality obligations contained in this Section 2 shall not apply to the
extent that the receiving party is required to disclose information by law, order or regulation of a governmental agency or a court of competent jurisdiction, provided the receiving party shall provide written notice thereof to the disclosing party
and sufficient opportunity to object to any such disclosure or to request confidential treatment thereof. 
  

	3.	WARRANTY AND LIABILITY 

 3.1 Level of Services; Disclaimer of Warranties. Each of the Parties represents and warrant to the other Party as follows: 

(a) The Parties shall perform the Transition Services in a reasonable and workmanlike manner. Without limiting the
foregoing, unless otherwise agreed herein (or in the Schedules), the Transition Services provide by the Sellers shall be provided substantially at the same standard of care as provided prior to the Transfer Date. 

(b) The Parties shall perform the Transition Services (i) in accordance with the terms and conditions of this
Agreement, and (ii) in all material respects in compliance with all applicable laws, ordinances, regulations and orders applicable to performance of the Transition Services. 

(c) EXCEPT FOR THOSE EXPRESSLY STATED ABOVE THE PARTIES EXPRESSLY DISCLAIM ANY AND ALL WARRANTIES, REPRESENTATIONS AND
CONDITIONS OF ANY KIND, WHETHER EXPRESS OR IMPLIED, TO THE FULL EXTENT PERMISSIBLE, INCLUDING, BUT NOT LIMITED TO, AVAILABILITY, ACCURACY, COMPLETENESS, CORRECTNESS, RELIABILITY, WORKMANSHIP, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE
OR NON-INFRINGEMENT WITH RESPECT TO THE SERVICES, GOODS OR PRODUCTS PROCURED, SUPPLIED OR FURNISHED IN CONNECTION HEREWITH. 

  
 -5-

 3.2 Remedies. 

(a) If any Transition Service fails to comply with the standards set forth in Section 3.1, and aggrieved Party shall
notify the other Party of such failure, then the other Party shall correct the noncompliance (e.g., by reperformance of the applicable the Transition Service or otherwise) as promptly as practicable, but in any event within 30 days after the
receipt of notice of such noncompliance through the employment of reasonable corrective measures. 
 (b) Neither
Party shall be liable to the other party for its performance or failure to perform under this Agreement, except for liability arising from the willful misconduct or gross negligence of a Party (or the willful misconduct or gross negligence of such
Party’s employees, agents and subcontractors) in performing its obligations under this Agreement. Neither Party shall be liable for any indirect, special, consequential or liquidated damages of any kind whatsoever arising out of or in
connection with the breach of the terms hereof, even if either party had been advised, knew or should have known the possibility thereof including, but not limited to lost profits, lost business revenue and failure to realize expected savings.

  

	4.	TERM AND TERMINATION 

 4.1 Term. Unless earlier terminated in accordance with Section 4.2 below, this Agreement shall be in effect from the Closing until the date on which the party is no longer obligated to provide
any further Transition Services in accordance with the applicable schedule. 
 4.2 Termination.

 (a) This Agreement may be terminated by a Party if the other Party has materially breached its obligations
under this Agreement and if that Party has not cured such default within thirty (30) days following the date on which the other Party has given written notice specifying the facts constituting the default; or 

(b) Termination of this Agreement shall not relieve the Parties of any obligation accruing prior to such termination, and
the provisions of Sections 1.7(a) and (b), 2, 4.2 and 6 shall survive any such termination. 
  

	5.	ASSIGNMENT 

 This Agreement and
the Parties’ respective rights and obligations hereunder may not be assigned by any Party without the prior written consent of the other Party. This Agreement shall inure to the benefit of and be binding upon any successors or permitted assigns
of the Parties. Notwithstanding the above the Purchaser may assign any of its rights and obligations (or any part thereof) under this Agreement to any of its Affiliate at its sole discretion. 

  
 -6-

	6.	MISCELLANEOUS 

6.1 Notices. Any notice, request or demand desired or required to be given hereunder shall be in writing given by
personal delivery, confirmed facsimile transmission or overnight courier service, in each case addressed as respectively set forth in the introduction to this Agreement or to such other address as any party shall have previously designated by such a
notice. The effective date of any notice, request or demand shall be the date of personal delivery, the date on which successful facsimile transmission is confirmed or the date actually delivered by a reputable overnight courier service, as the case
may be, in each case properly addressed as provided herein and with all charges prepaid. 
 6.2 Entire
Agreement; Amendments. This Agreement, including any Schedules hereto, constitute the entire agreement of the Parties with respect to the subject matter hereof and thereof and supersede any and all prior understandings, written or oral, between
the parties, or any of them, with regard to the subject matter hereof and thereof. This Agreement may not be amended, modified or waived orally, but only by an instrument in writing signed by an authorized representative of each of the Parties
hereto. 
 6.3 Severability. If any term or other provision of this Agreement is invalid, illegal or
incapable of being enforced by any rule of law, or public policy, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated
hereby is not affected in any manner adverse to any Party. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the Parties shall negotiate in good faith to modify this Agreement so as to
effect the original intent of the parties as closely as possible in a mutually acceptable manner in order that the transactions contemplated hereby be consummated as originally contemplated to the fullest extent possible. 

6.4 Waiver. Waiver of any term or condition of this Agreement by any Party hereto shall be effective if in writing
and shall not be construed as a waiver of any subsequent breach or failure of the same term or condition or any other terms or conditions of this Agreement. No waiver shall be effective unless it is in writing signed by an authorized representative
of the waiving Party. 
 6.5 No Third Party Beneficiaries. Subject to Section 5 nothing in this
Agreement shall confer any rights or liabilities upon any Person that is not a party to this Agreement, except as expressly provided hereunder. 
 6.6 Counterparts. This Agreement may be executed and delivered (including by facsimile transmission) in multiple counterparts, each of which when executed and delivered shall be deemed to be an
original but all of which taken together shall constitute one and the same agreement. 

  
 -7-

 6.7 Governing Law. This Agreement shall be governed by and construed
in accordance with the laws of Finland, excluding the conflict of law principles and the United Nations Convention for the International Sale of Goods 
 6.8 Waiver of Jury Trial / Arbitration. EACH OF THE PURCHASER AND THE SELLERS HEREBY IRREVOCABLY WAIVES ALL RIGHTS TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON
CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREBY OR THE ACTIONS OF PURCHASER AND THE SELLER IN THE NEGOTIATION, ADMINISTRATION, PERFORMANCE AND ENFORCEMENT HEREOF. Any dispute,
controversy or claim arising out of or relating to this Agreement, or the breach, termination or validity thereof shall be finally settled by arbitration in accordance with the Rules of the Arbitration Institute of the Finland Chamber of Commerce
(“Rules”). The place of arbitration shall be Helsinki and the tribunal is composed on one (1) arbitrator appointed in accordance with the said Rules. The language of the arbitration shall be English. 

6.9 Other Remedies. Except as otherwise set forth herein, any and all remedies herein expressly conferred upon a
party will be deemed cumulative with and not exclusive of any other remedy conferred hereby, and the exercise by a party of any one right or remedy hereunder will not preclude the exercise of any other right or remedy. 

6.10 Interpretation. The words “include,” “includes” and “including” when used herein
shall be deemed in each case to be followed by the words “without limitation.” The headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement.

 6.11 Rules of Construction. The parties hereto agree that they have been represented by counsel during
the negotiation and execution of this Agreement and, therefor, waive the application of any law, regulation, holding or rule of construction providing that ambiguities in an agreement or other document will be construed against the party drafting
such agreement or document. 
 6.12 Insurance. Each Party shall, throughout the term of this Agreement,
carry appropriate insurance with a reputable insurance company covering property damage, business interruptions and general liability insurance (including contractual liability) to protect its own business and property interests. 

[Signatures appear on following page] 

  
 -8-

 IN WITNESS WHEREOF, the parties hereto have entered into and signed this Mutual Co-Operation and Services
Agreement as of the date and year first above written. 
  

			
	 PLANAR SYSTEMS, INC.

		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	PLANAR SYSTEMS OY
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	BENEQ PRODUCTS OY
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  
 -9-Commitment Increase Agreement and Amendment No. 3

 Exhibit10.1 
 Execution Version 
 COMMITMENT INCREASE AGREEMENT AND AMENDMENT
NO. 3 TO CREDIT AGREEMENT 
 This COMMITMENT INCREASE AGREEMENT AND AMENDMENT NO. 3 TO CREDIT AGREEMENT (this
“Amendment”), dated effective as of December 4, 2012 (the “Effective Date”), is by and among Rowan Companies, Inc., a Delaware corporation (“Rowan Delaware”), Rowan Companies plc, an English
public limited company (the “Parent”, and together with Rowan Delaware, each a “Borrower” and collectively, the “Borrowers”), the Lenders party hereto, and Wells Fargo Bank, National Association, as
an issuing lender, as swing line lender, and as administrative agent for the Lenders (in such capacity, the “Administrative Agent”). 
 WHEREAS, the Borrowers, the lenders from time to time party thereto (the “Lenders”), and the Administrative Agent are parties to the Credit Agreement dated as of September 16, 2010,
as amended by that certain Amendment No. 1 and Consent thereto dated as of June 30, 2011 and that certain Amendment No. 2 dated as of May 4, 2012 (as so amended, and as may be further amended, supplemented or modified from to
time to time, the “Credit Agreement”, the capitalized terms of which are used herein unless otherwise defined herein); 
 WHEREAS, pursuant to Section 2.1(d) of the Credit Agreement, the Parent has the right, subject to the terms and conditions thereof, to increase the aggregate Revolving Commitments by allowing
one or more Revolving Lenders to increase their respective Revolving Commitments or by allowing one or more other banks or other financial institutions to become party to the Credit Agreement; 

WHEREAS, the Parent has given notice to the Administrative Agent and the Lenders of its intention, pursuant to such
Section 2.1(d) of the Credit Agreement, to increase the aggregate Revolving Commitments by $250,000,000; 
 WHEREAS,
Mizuho Corporate Bank, Ltd. (the “New Lender”) desires to become a Lender under the Credit Agreement with a Revolving Commitment as set forth on Schedule II to the Credit Agreement; 

WHEREAS, the Borrowers have requested and the Lenders have agreed to make certain amendments to the Credit Agreement, each as provided
for herein. 
 NOW THEREFORE, in consideration of the premises and the mutual covenants, representations and warranties
contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 
 Section 1. Amendments. 
 (a) Section 1.1 of the
Credit Agreement is hereby amended by adding the following new defined term in its appropriate alphabetical order: 

“Third Amendment Closing Date” means December 4, 2012. 

 (b) The definition of “Arrangers” in Section 1.1 of the Credit
Agreement is hereby amended by replacing “DnB Markets, Inc.” with “DNB Markets, Inc.”. 
 (c)
The definition of “Issuing Lender” in Section 1.1 of the Credit Agreement is hereby amended by replacing “DnB Bank ASA” with “DNB Bank ASA”. 

(d) The definition of “Revolving Commitment” in Section 1.1 of the Credit Agreement is hereby amended by
replacing “The initial aggregate amount of Revolving Commitments as of the Closing Date is $500,000,000” with “The aggregate amount of Revolving Commitments as of the Third Amendment Closing Date is $750,000,000”.

 (e) Section 2.1(d) of the Credit Agreement is hereby amended by replacing “(B) the aggregate amount of
all Revolving Facility Increases shall not exceed $250,000,000” with “(B) the aggregate amount of all Revolving Facility Increases since the Third Amendment Closing Date shall not exceed $250,000,000”. 

(f) Section 5.6 of the Credit Agreement is hereby restated in its entirety as follows: 

5.6 Additional Guarantors. 
 (a) Immediately upon the creation of any new Material Subsidiary permitted by this Agreement and within 30 days of any Person becoming a Material Subsidiary or after the purchase by the Parent or any
of its Subsidiaries of the Equity Interests of any Person, which purchase results in such Person becoming a Material Subsidiary, the Parent shall (i) cause such Subsidiary to execute and deliver to the Administrative Agent, a joinder to the
Material Subsidiary Guaranty, and (ii) cause such Subsidiary to deliver such evidence of corporate authority to enter into such other Credit Documents and favorable opinions of counsel to such Person (which shall cover, among other things, the
legality, validity, binding effect and enforceability of the documentation referred to in clause (i)) as the Administrative Agent may reasonably request. 
 (b) Prior to or simultaneously with the entry by any other Person into a Guaranty, the Parent shall (i) cause such Person to execute and deliver to the Administrative Agent, a Guaranty, a joinder
to a Guaranty or such other documents as may be necessary or desirable to effect such Guaranty, and (ii) cause such Person to deliver such evidence of corporate authority to enter into such other Credit Documents and favorable opinions of
counsel to such Person (which shall cover, among other things, the legality, validity, binding effect and enforceability of the documentation referred to in clause (i)) as the Administrative Agent may reasonably request. 

(g) Section 6.1 of the Credit Agreement is hereby amended by (i) replacing “; and” with
“;” in clause (c) thereof; (ii) replacing “intercompany Debt” with “unsecured intercompany Debt” in clause (d) thereof; (iii) replacing “.” with “;
and” in clause (d) thereof; and (iv) adding the following as a new clause (e): 
 (e)
secured intercompany Debt; provided that (i) any holder of such secured intercompany Debt (each an “Intercompany Obligee”) shall (w) be a Credit Party, (x) 

  
 -2-

 
have no Debt other than Debt in an amount not to exceed $1,000,000 when aggregated with the Debt of each other Intercompany Obligee, (y) not grant or permit to exist any Lien on its
Property, and (z) not transfer such secured intercompany Debt or Liens securing such secured intercompany Debt to any Person who is not a Credit Party and has not expressly agreed in writing prior to such transfer to be subject to the terms of
this clause (e) pursuant to documentation in form and substance satisfactory to the Administrative Agent; (ii) any Person incurring or guaranteeing such secured intercompany Debt and any Person granting Liens to secure such secured
intercompany Debt shall be a Credit Party; and (iii) the Parent and its Subsidiaries shall be in compliance, on a pro forma basis after giving effect to such transactions, with the covenants contained in this Agreement recomputed as of the last
day of the most recently ended fiscal quarter of the Parent as if the incurrence of the secured intercompany Debt in question had occurred on the first day of each relevant period for testing such compliance. 

(h) Section 6.2 of the Credit Agreement is hereby amended by (i) replacing “; and” with
“;” in clause (k) thereof; (ii) replacing “the Parent as a Subsidiary” with “the Parent or a Subsidiary” in clause (l) thereof; (iii) replacing “.” with
“; and” in clause (l) thereof; and (iv) adding the following as a new clause (m): 

(m) Liens granted to a Credit Party to secure Debt permitted under Section 6.1(e). 

(i) Clause (a)(iii) of Section 6.5 of the Credit Agreement is hereby restated in its entirety as follows: 

(iii) any Subsidiary from making Restricted Payments (other than Rowan Delaware in connection with Debt permitted under
Section 6.1(e) in its capacity as a primary obligor or guarantor of such Debt) or making or paying intercompany loans and advances to any Borrower, 
 (j) Section 6.7(b) of the Credit Agreement is hereby restated in its entirety as follows: 
 (b) The Parent shall not, nor shall it permit any Credit Party to, sell, transfer, lease or otherwise dispose of (in one transaction or in a series of transactions) all or substantially all of its
assets, or all or substantially all of the stock of any Material Subsidiary (in each case, whether now owned or hereafter acquired), or liquidate or dissolve, except that, if at the time thereof and immediately after giving effect thereto no Default
shall have occurred and be continuing, (i) any Subsidiary of the Parent (other than Rowan Delaware) may liquidate or dissolve if the Parent determines in good faith that such liquidation or dissolution is in the best interests of the Parent and
is not materially disadvantageous to the Lenders and (ii) any Subsidiary of the Parent may transfer all or substantially all of its assets and all or substantially all of the stock of any Material Subsidiary to any Borrower or any Subsidiary
that is a Guarantor or any Subsidiary who becomes a Borrower or a Guarantor prior to or simultaneously with such transfer. 

  
 -3-

 (k) Schedule I to the Credit Agreement is hereby amended by (i) replacing
“BBB+/Baa1” with “BBB+/Baa1 or higher”, (ii) replacing “BB/Ba2” with “BB/Ba2 or lower”, and (iii) replacing “the Parent’s secured unsecured debt”
with “the Parent’s senior unsecured debt”. 
 (l) Schedule II to the Credit Agreement is hereby
replaced in its entirety with Schedule II attached hereto. 
 Section 2. Increase of Revolving
Commitments. Pursuant to Section 2.1(d) of the Credit Agreement and upon the effectiveness of this Amendment pursuant to Section 4 below, the aggregate Revolving Commitments are hereby increased from $500,000,000.00 to
$750,000,000.00. The Revolving Commitments of (a) the Lenders who have severally agreed to increase their respective Revolving Commitments (each, an “Increasing Lender” and collectively, the “Increasing
Lenders”) and (b) the New Lender are set forth on Schedule II to the Credit Agreement, in each case after giving effect to this Amendment and the increase of the Revolving Commitments pursuant to this Amendment. 

Section 3. New Lender. By its execution and delivery of this Amendment, the New Lender hereby agrees to become a
Lender under the Credit Agreement with a Revolving Commitment as set forth on Schedule II to the Credit Agreement. The New Lender hereby represents and warrants to the Administrative Agent as follows: (a) it has full power and authority,
and has taken all action necessary, to execute and deliver this Amendment, to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (b) from and after the Effective Date, it shall be bound by the
provisions of the Credit Agreement as a Lender thereunder and, to the extent of its Revolving Commitment, shall have the obligations of a Lender thereunder, and (c) it has received a copy of the Credit Agreement, together with copies of the
most recent financial statements delivered pursuant to Section 5.2 thereof, as applicable, and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Amendment on
the basis of which it has made such analysis and decision independently and without reliance on the Administrative Agent or any other Lender; and agrees that (1) it will, independently and without reliance on the Administrative Agent or any
other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit Documents, and (2) it will perform in accordance with
their terms all of the obligations which by the terms of the Credit Documents are required to be performed by it as a Lender. 

Section 4. Conditions Precedent. This Amendment shall become effective as of the Effective Date upon the satisfaction
of the following conditions precedent: 
 (a) Documentation. The Administrative Agent shall have received the following,
each dated on or before the Effective Date, duly executed by all the parties thereto, each in form and substance satisfactory to the Administrative Agent: 
 (1) (i) counterparts of this Amendment duly executed by each Borrower, the Lenders and the Administrative Agent, (ii) counterparts of the attached Material Subsidiary Acknowledgment and Reaffirmation
duly executed by each Material Subsidiary and (iii) counterparts of the attached Parent Acknowledgment and Reaffirmation duly executed by the Parent; 

  
 -4-

 (2) a Revolving Note payable to the order of (i) each Increasing Lender in the amount
of such Increasing Lender’s Revolving Commitment, as increased hereby and (ii) the New Lender in the amount of the New Lender’s Revolving Commitment, in each case as requested by such Lender; 

(3) a certificate from a Responsible Officer of each Borrower dated as of the Effective Date hereof stating that, both before and after
giving effect to this Amendment and the increase of the Revolving Commitments pursuant to this Amendment (A) all representations and warranties of the Credit Parties set forth in the Credit Agreement are true and correct in all material
respects (provided that (i) to the extent any representation and warranty expressly relates to a specific earlier date, such representation and warranty is true and correct in all material respects as of such earlier date, (ii) to the
extent any representation and warranty is qualified as to “Material Adverse Change” or otherwise as to “materiality”, such representation and warranty is true and correct in all respects and (iii) the representations and
warranties contained in Section 4.4(a) of the Credit Agreement shall be deemed to refer to the most recent statements furnished pursuant to Sections 5.2(a) and (b) of the Credit Agreement) and (B) no Default has
occurred and is continuing; 
 (4) a secretary’s certificate of the Parent dated the Effective Date and certifying
(A) that there have been no changes to the organizational documents of the Parent since the Second Amendment Closing Date or attaching such amendments, (B) that attached thereto is a true and complete copy of resolutions duly adopted by
the Board of Directors of the Parent authorizing the execution and delivery of this Amendment and the Credit Documents executed in connection herewith and the performance of the Credit Agreement as amended hereby and the other Credit Documents, and
that such resolutions have not been modified, rescinded or amended and are in full force and effect, and (C) as to the incumbency and specimen signature of each officer of the Parent executing this Amendment, any Credit Document or any other
document delivered in connection herewith on behalf of the Parent; 
 (5) a secretary’s certificate of Rowan Delaware
dated the Effective Date and certifying (A) that there have been no changes to the organizational documents of Rowan Delaware since the Second Amendment Closing Date or attaching such amendments, (B) that attached thereto is a true and
complete copy of resolutions duly adopted by the Board of Directors of Rowan Delaware authorizing the execution and delivery of this Amendment and the Credit Documents executed in connection herewith and the performance of the Credit Agreement as
amended hereby and the other Credit Documents, and that such resolutions have not been modified, rescinded or amended and are in full force and effect, and (C) as to the incumbency and specimen signature of each officer of Rowan Delaware
executing this Amendment, any Credit Document or any other document delivered in connection herewith on behalf of Rowan Delaware; 
 (6) certificates of good standing for each of the Parent and Rowan Delaware in (a) the jurisdiction in which each Person is organized and (b) each jurisdiction in which such good standing is
necessary except where the failure to be in good standing could not reasonably be expected to result in a Material Adverse Change, which certificate shall be dated a date not earlier than 30 days prior to the Third Amendment Closing Date;

  
 -5-

 (7) a legal opinion of Andrews Kurth LLP, outside counsel to the Credit Parties, in form
and substance reasonably acceptable to the Administrative Agent; 
 (8) a legal opinion of Baker & McKenzie, United
Kingdom counsel to the Parent; and 
 (9) such other documents, governmental certificates, and agreements as any Lender Party
may reasonably request. 
 (b) Payment of Expenses. On the Effective Date, the Borrowers shall have paid the fees
required to be paid to the Administrative Agent and the Lenders on the Effective Date, including, without limitation, the fees set forth in the fee letter dated as of November 6, 2012 among the Borrowers and the Administrative Agent and all
other costs and expenses which have been invoiced and are payable pursuant to Section 10.1 of the Credit Agreement. 

(c) Prepayment of Revolving Advances. The Borrowers shall have made the prepayment of the Revolving Advances required pursuant to
Section 2.6(b)(ii) of the Credit Agreement, if any, resulting from the increase and reallocation of the Revolving Commitments pursuant to this Amendment. Such prepayment may be made with the proceeds of the Advances made by the
Increasing Lenders and the New Lender in connection with such increase occurring simultaneously with such prepayment. 

Section 5. Representations and Warranties. Each of the Borrowers represents and warrants to the Administrative Agent
that the representations and warranties set forth in Article IV of the Credit Agreement are true and correct on the date hereof as if made on and as of the date hereof and as if each reference in said Article IV to “this
Agreement” or “the Credit Documents” included reference to this Amendment. 
 Section 6.
Miscellaneous. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. Except as herein provided, the Credit Agreement shall remain unchanged and in full force and effect. This Amendment
may be executed in any number of counterparts, all of which taken together shall constitute one and the same amendatory instrument and any of the parties hereto may execute this Amendment by signing any such counterpart. Transmission by facsimile of
an executed counterpart of this Amendment shall be deemed to constitute due and sufficient delivery of such counterpart. 

[Signature Pages Follow] 

  
 -6-

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered by their respective duly authorized officers as of the Effective Date. 
  

			
	BORROWERS:
	
	ROWAN COMPANIES, INC.
		
	By:	 	 /s/ J. Kevin Bartol

	J. Kevin Bartol, Executive Vice President, Chief Financial Officer and Treasurer

  
 Signature Page
to Commitment Increase Agreement and Amendment No. 3 to Credit Agreement 
 Rowan Companies, Inc. and Rowan Companies plc

 
			
	ROWAN COMPANIES PLC
		
	By:	 	 /s/ J. Kevin Bartol

	J. Kevin Bartol, Executive Vice President, Chief Financial Officer and Treasurer

  
 Signature Page
to Commitment Increase Agreement and Amendment No. 3 to Credit Agreement 
 Rowan Companies, Inc. and Rowan Companies plc

 
			
	LENDER PARTIES:
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION,
	as Administrative Agent, Swingline Lender, an Issuing Lender, a Lender and an Increasing Lender
		
	By:	 	 /s/ Donald W. Herrick, Jr.

	Name:	 	Donald W. Herrick, Jr.
	Title:	 	Director

  
 Signature Page
to Commitment Increase Agreement and Amendment No. 3 to Credit Agreement 
 Rowan Companies, Inc. and Rowan Companies plc

 
			
	CITIBANK, N.A.,
	as an Issuing Lender, a Lender and an Increasing Lender
		
	By:	 	 /s/ Robert Malleck

	Name:	 	Robert Malleck
	Title:	 	Vice President

  
 Signature Page
to Commitment Increase Agreement and Amendment No. 3 to Credit Agreement 
 Rowan Companies, Inc. and Rowan Companies plc

 
			
	DNB BANK ASA,
	as an Issuing Lender, a Lender and an Increasing Lender
		
	By:	 	 /s/ Barbara Gronquist

	Name:	 	 Barbara Gronquist

	Title:	 	 Senior Vice President

		
	By:	 	 /s/ Kjell Tore Egge

	Name:	 	 Kjell Tore Egge

	Title:	 	 Senior Vice President

  
 Signature Page
to Commitment Increase Agreement and Amendment No. 3 to Credit Agreement 
 Rowan Companies, Inc. and Rowan Companies plc

 
			
	ROYAL BANK OF CANADA,
	as an Issuing Lender, a Lender and an Increasing Lender
		
	By:	 	 /s/ Mark Lumpkin, Jr.

	Name:	 	 Mark Lumpkin, Jr.

	Title:	 	 Authorized Signatory

  
 Signature Page
to Commitment Increase Agreement and Amendment No. 3 to Credit Agreement 
 Rowan Companies, Inc. and Rowan Companies plc

 
			
	BANK OF AMERICA, N.A.,
	as a Lender and an Increasing Lender
		
	By:	 	 /s/ Alia Qaddumi

	Name:	 	 Alia Qaddumi

	Title:	 	 Vice President

  
 Signature Page
to Commitment Increase Agreement and Amendment No. 3 to Credit Agreement 
 Rowan Companies, Inc. and Rowan Companies plc

 
			
	GOLDMAN SACHS BANK USA,
	as a Lender and an Increasing Lender
		
	By:	 	 /s/ Mark Walton

	Name:	 	 Mark Walton

	Title:	 	 Authorized Signatory

  
 Signature Page
to Commitment Increase Agreement and Amendment No. 3 to Credit Agreement 
 Rowan Companies, Inc. and Rowan Companies plc

 
			
	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.
	as a Lender and an Increasing Lender
		
	By:	 	 /s/ Andrew Oram

	Name:	 	 Andrew Oram

	Title:	 	 Managing Director

  
 Signature Page
to Commitment Increase Agreement and Amendment No. 3 to Credit Agreement 
 Rowan Companies, Inc. and Rowan Companies plc

 
			
	AMEGY BANK N.A.,
	as a Lender and an Increasing Lender
		
	By:	 	 /s/ G. Scott Collins

	Name:	 	 G. Scott Collins

	Title:	 	 Senior Vice President

  
 Signature Page
to Commitment Increase Agreement and Amendment No. 3 to Credit Agreement 
 Rowan Companies, Inc. and Rowan Companies plc

 
			
	BARCLAYS BANK PLC,
	as a Lender and an Increasing Lender
		
	By:	 	 /s/ Diane Rolfe

	Name:	 	 Diane Rolfe

	Title:	 	 Director

  
 Signature Page
to Commitment Increase Agreement and Amendment No. 3 to Credit Agreement 
 Rowan Companies, Inc. and Rowan Companies plc

 
			
	HSBC BANK USA, N.A.,
	as a Lender and an Increasing Lender
		
	By:	 	 /s/ Koby West

	Name:	 	 Koby West

	Title:	 	 Assistant Vice President

  
 Signature Page
to Commitment Increase Agreement and Amendment No. 3 to Credit Agreement 
 Rowan Companies, Inc. and Rowan Companies plc

 
			
	MORGAN STANLEY BANK, N.A.,
	as a Lender and an Increasing Lender
		
	By:	 	 /s/ Kelly Chin

	Name:	 	 Kelly Chin

	Title:	 	 Authorized Signatory

  
 Signature Page
to Commitment Increase Agreement and Amendment No. 3 to Credit Agreement 
 Rowan Companies, Inc. and Rowan Companies plc

 
			
	MIZUHO CORPORATE BANK, LTD.,
	as the New Lender
		
	By:	 	 /s/ Leon Mo

	Name:	 	 Leon Mo

	Title:	 	 Authorized Signatory

  
 Signature Page
to Commitment Increase Agreement and Amendment No. 3 to Credit Agreement 
 Rowan Companies, Inc. and Rowan Companies plc

 MATERIAL SUBSIDIARY ACKNOWLEDGMENT AND REAFFIRMATION 

Each of the undersigned (each, a “Material Subsidiary”) hereby (a) acknowledges receipt of a copy of the foregoing Commitment
Increase Agreement and Amendment No. 3 to Credit Agreement dated as of December 4, 2012 (the “Amendment”) between Rowan Companies, Inc., a Delaware corporation (“Rowan Delaware”), Rowan Companies plc, an
English public limited company (the “Parent” and together with Rowan Delaware, each a “Borrower” and collectively, the “Borrowers”), the Lenders party thereto, and Wells Fargo Bank, National
Association, as an issuing lender, as swing line lender, and as administrative agent for the Lenders (in such capacity, the “Administrative Agent”) and (b) reaffirms its obligations under the Material Subsidiary Guaranty (as
defined in the Credit Agreement referred to in the Amendment) to which it is a party. 
  

			
	ATLANTIC MARITIME SERVICES LLC,
	a Delaware limited liability company
		
	By:	 	 /s/ Melanie M. Trent

	Melanie M. Trent, Secretary
	
	 RDC QATAR, INC.,
 a
Delaware corporation

		
	By:	 	 /s/ Melanie M. Trent

	Melanie M. Trent, Secretary
	
	 ROWAN FINANCE LLC,

a Delaware limited liability company

		
	By:	 	 /s/ Melanie M. Trent

	Melanie M. Trent, Secretary

  
 Material
Subsidiary Acknowledgement and Reaffirmation 
 Rowan Companies, Inc. and Rowan Companies plc 

 PARENT ACKNOWLEDGMENT AND REAFFIRMATION 

The undersigned hereby (a) acknowledges receipt of a copy of the foregoing Commitment Increase Agreement and Amendment No. 3 to Credit
Agreement dated as of December 4, 2012 (the “Amendment”) between Rowan Companies, Inc., a Delaware corporation (“Rowan Delaware”), Rowan Companies plc, an English public limited company (the
“Parent” and together with Rowan Delaware, each a “Borrower” and collectively, the “Borrowers”), the Lenders party thereto, and Wells Fargo Bank, National Association, as an issuing lender, as swing
line lender, and as administrative agent for the Lenders (in such capacity, the “Administrative Agent”) and (b) reaffirms its obligations under the Parent Guaranty (as defined in the Credit Agreement referred to in the
Amendment) to which it is a party. 
  

			
	ROWAN COMPANIES PLC,
	an English public limited company
		
	By:	 	 /s/ J. Kevin Bartol

	J. Kevin Bartol, Executive Vice President, Chief Financial Officer and Treasurer

  
 Parent
Acknowledgement and Reaffirmation 
 Rowan Companies, Inc. and Rowan Companies plc 

 SCHEDULE II 

Revolving Commitments 
  

					
	 Lenders
	  	Revolving
Commitment	 
	 Wells Fargo Bank, National Association
	  	$	74,000,000.00	  
	 Citibank, N.A.
	  	$	74,000,000.00	  
	 DNB Bank ASA
	  	$	74,000,000.00	  
	 Royal Bank of Canada
	  	$	74,000,000.00	  
	 Bank of America, N.A.
	  	$	74,000,000.00	  
	 Barclays Bank PLC
	  	$	74,000,000.00	  
	 Goldman Sachs Bank USA
	  	$	74,000,000.00	  
	 The Bank of Tokyo-Mitsubishi UFJ, Ltd.
	  	$	54,000,000.00	  
	 HSBC Bank USA, N.A.
	  	$	54,000,000.00	  
	 Mizuho Corporate Bank, Ltd.
	  	$	54,000,000.00	  
	 Morgan Stanley Bank, N.A.
	  	$	40,000,000.00	  
	 Amegy Bank N.A.
	  	$	30,000,000.00	  
		  	  
	  
	 
	 TOTAL:
	  	$	750,000,000.00	  
		  	  
	  
	 

  
 Schedule II to
Credit Agreement 
 Rowan Companies, Inc. and Rowan Companies plc

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00210-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00210-of-00352.parquet"}]]