Document:

Exhibit 10.25

 

Certain portions of the exhibit have been omitted pursuant to Regulation
S-K Item 601 because they are both (i) not material to investors and (ii) likely to cause competitive harm to the Company if publicly
disclosed, and had been marked with “[***]” to indicate where omissions have been made.

 

MASTER AGREEMENT

FOR

AUTOMATED MATERIAL
HANDLING SOLUTION

ACQUISITION, INSTALLATION AND IMPLEMENTATION

 

This Master Agreement
for Automated Material Handling Solution Acquisition, Installation and Implementation (“Master Agreement”), effective
as of January 31, 2018 (“Effective Date”), is made and entered into by and between Berkshire Grey, Inc., a Delaware
Corporation, with offices at 10 Maguire Road, Suite 190, Lexington, Massachusetts 02142 (“Contractor”), and Target
Corporation, a Minnesota corporation, with its principal office at 1000 Nicollet Mall, Minneapolis, Minnesota 55403, including its subsidiaries
and affiliated entities (“Target”). Contractor and Target, each a “Party” and, collectively, the
“Parties”.

 

WHEREAS, Contractor
is the developer of automated inventory management and replenishment material handling systems (“Systems”); and

 

WHEREAS, Target
desires to acquire from Contractor a prescribed System (the “Solution”) for installation at a Target facility (“Site”)
and integration with Target’s systems and other material handling processes and equipment, in accordance with such terms and conditions
as are set forth in a Project Agreement (as defined in Section 1.2 below), and Contractor desires to sell and furnish a Solution to, and
perform such services for, Target in accordance with the terms and conditions of the Project Documents (as defined in Section 1 below).

 

NOW THEREFORE, in
consideration of the mutual covenants and agreements contained herein, and for other good and valuable consideration, the Parties agree
as follows:

 

		1.	Project Documents. “Project Documents”
means the contract documents which define the Parties’ relationship with regard to a specific Project (as defined in Section 1.2
below), and include the Master Agreement, the Project Agreement and any appendices or attachments thereto, any executed Change Orders
or Directives (as defined in Section 1.2.1 below), and any executed Orders (as defined in Section 2.3.2 below).

 

		1.1.	Master Agreement. This Master Agreement sets forth certain of the terms and conditions under which Contractor will perform
Work for the benefit of Target. “Work” means the sale of the Solution, and the design, installation, integration, implementation
and other associated services and obligations associated with making the Solution operational, as set forth in the Project Documents.

 

		1.2.	Project Agreement. Contractor and Target will define the Work for each Project by executing a project agreement (“Project
Agreement”). “Project” means the definable collection of Work set forth in a Project Agreement.

 

		1.2.1.	Change Order; Directive. To modify the Work, including
the order in which the Work is done, or to adjust Compensation (as defined in Section 4.1 below), the Parties shall execute a mutually
agreed-upon, written change order (“Change Order”). A Change Order that includes Goods must present the same on a
line-item basis, by unit cost. To facilitate an acceleration of Contractor’s performance of Work under a Change Order, Target may
issue to Contractor a written order to proceed with the Work prior to final approval of a Change Order relating thereto (“Directive”).
Any Directive that increases the cost incurred by Contractor in a Project or puts at risk any agreed to Project deadline or timetable
shall entitle Contractor to an equitable adjustment to the Compensation or Project Schedule, as applicable.
In the event Contractor has a material concern with a Directive (“Directive Concern”), Contractor will notify Target
of the Directive Concern in writing (“DC Notice”) [***] of the Directive (“DC Deadline”),
and the Parties will discuss in good faith and work on a best efforts basis to resolve the Directive Concern as soon as possible thereafter.
In the event a Directive is cancelled by Target or a Change Order is not completed for any reason, Target agrees to pay Contractor for
the reasonable additional fees, costs and expenses that Contractor incurs or commits to pay associated with the Directive or Change Order
prior to its termination.

 

		1.2.1.1.	Excusable Delay. Notwithstanding anything contained
in the Project Documents to the contrary, any delay or failure of performance caused the Parties failing to, or otherwise working to:
(i) mutually agree on a Change Order that was requested by Target; or (ii) provided Target receives a DC Notice within the DC Deadline,
resolve Contractor’s concerns set forth in the Directive Concern, shall be deemed an Excusable Delay (as defined in Section 2.1.3
below).

 

     

    	

    

 

		2.	Contractor’s Obligations.

 

		2.1.	Performance of Work.

 

		2.1.1.	Project Documents. Contractor shall perform, and coordinate the performance of, Work for a Project specifically in accordance
with the Project Documents.

 

		2.1.2.	Project Schedule. For each Project, the Work will be commenced and completed by Contractor in accordance with a project schedule
developed for that Project, which shall be subject to the Parties’ mutual agreement and set forth in the applicable Project Agreement
(“Project Schedule”). The Project Schedule shall identify the key Project milestones, including by date (“Key
Milestones”). Contractor shall be responsible for creating the Project Schedule by the time of execution of the applicable Project
Agreement. Contractor is responsible for updating and maintaining the Project Schedule throughout the Project. Changes to the Project
Schedule are subject to the Parties’ mutual agreement. Notwithstanding anything contained in the Project Documents to the contrary,
any delay or failure of performance caused the Parties failing to, or otherwise working to, mutually agree on a change to the Project
Schedule that: (i) is requested by Target; and (ii) seeks to accelerate the Project Schedule, shall be deemed an Excusable Delay.

 

		2.1.3.	No Delay. Time is of the essence with respect to each Project. Contractor shall not stop or delay
the performance of the Work on the basis of any dispute, including payment, except upon the occurrence of an Excusable Delay as provided
below. Except to the extent of an Excusable Delay, Contractor will not be relieved from its obligations to perform the Work by the omissions
of a Target Project Manager (as defined in Section 3.9 below) or other representatives of Target, or by inspections, tests or approvals
or other work required or performed by Non-Contractor Resources (as defined in Section 2.1.5 below). An “Excusable Delay”
includes a delay in Contractor’s performance: (i)(1) with respect to which Target or a Non-Contractor Resource was the indisputable
cause (“Target-Caused Delay”), including, without limitation, delays caused by Target or Non-Contractor Resources unreasonably
withholding necessary consents or failing to provide work in accordance with the Project Documents; or (2) occasioned by unforeseeable
causes beyond its reasonable control (including any Force Majeure Event, as defined in Section 16.10 below); and (ii) not proximately
caused by the intentional acts, fault, negligence or other actions or inactions of Contractor or a Subcontractor. Except as otherwise
provided in Section 4.3.1 below, Contractor’s and Target’s sole remedy for delay caused by an Excusable Delay shall
be an equitable adjustment to the Project Schedule, but only to the extent such Excusable Delay materially impacts Contractor’s
critical path to completion of the Work. For clarity, an Excusable Delay shall not constitute a breach or default, or give rise to any
claim for damages.

 

		2.1.3.1.	Directives. Subject to Section 1.2.1 above, Contractor will proceed with the changes in the Work set forth in a Directive within
48 hours after receipt of the Directive, except in the event of a Directive Concern.

 

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		2.1.4.	I&I Materials. Contractor shall not perform any portion of the Work at any time without the required Project Documents
or, where required, approved I&I Materials (as defined in Section 2.8.1.1 below) for such portion of the Work.

 

		2.1.5.	Coordination with Other Parties. In the event of Target-Performed Work (as defined in Section 3.9.1) or Contractor is otherwise
required to work with Non-Contractor Resources at the Site due to services being performed by Non-Contractor Resources, Contractor shall
work with Target or the Non-Contractor Resources, as applicable, to reasonably ensure the safe, efficient and timely performance of the
Work and other work in accordance with Project and other Site-related timelines. “Non- Contractor Resource” means a
non-Subcontractor third-party that is engaged in work at the Site or work related to a Project.

 

		2.1.6.	Project Manager. Contractor shall employ a competent manager to support each Project (“Project Manager”),
reasonably acceptable to Target, who shall be in attendance at the Site or other Target location, if requested by Target, during the progress
of the Work. The Project Manager shall represent Contractor, and all communications given to the Project Manager shall be binding upon
Contractor. The Project Manager shall be identified in the Project Agreement.

 

		2.1.7.	Compliance with Laws. Contractor shall comply with all Laws in performing the Work. “Laws” means applicable
international, federal, state and local laws, including common laws, statutes, ordinances, codes, rules and regulations, orders, requirements
and guidelines.

 

		2.1.8.	Required Approvals and Permits. Prior to commencement of any Work at the Site, Contractor shall secure and pay for all Required
Approvals and Permits. Contractor shall provide Target a copy or other proof of all Required Approvals and Permits. “Required
Approvals and Permits” means any and all permits, registrations, licenses, bonds, certificates and other regulatory approvals
necessary or appropriate with respect to the Site to commence, perform and complete the Work.

 

		2.1.9.	OSHA Standards. The Solution shall comply with all applicable Laws, and comply with all applicable OSHA standards, in effect
at the time of installation.

 

		2.2.	Review.

 

		2.2.1.	Project Documents. Contractor will: (i) study and compare the Project Documents with each other and with any Target-Provided
Documents (as defined in Section 3.2 below); and (ii) notify Target: (A) of any error, inconsistency or omission it may discover in such
Documents (“Document Error”) within two business days of discovering the Document Error (“Error Notice”);
and (B) if Contractor discovers that any Project Document, or portion thereof, is not in compliance with applicable Laws (“PD
Law Variance Notice”).

 

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		2.2.2.	Target-Performed Work. If any part of Work depends
on Target- Performed Work, Contractor will review and confirm that the Target- Performed Work has been performed in such a manner as
to allow Contractor to proceed with the Work. Contractor shall promptly notify Target if Contractor or a Subcontractor discovers that
any Target- Performed Work is defective or deficient. “Target-Performed Work” means work relating to a Project that
is performed by Target or Non- Contractor Resources.

 

		2.2.3.	Target Work Information. Contractor will: (i) carefully review and verify Target Work Information (as defined in Section 3.2.2
below) upon receipt; and (ii) promptly notify Target of any questions or concerns that Contractor has regarding the Target Work Information,
including with respect to accuracy.

 

		2.2.4.	Target Design Recommendation. Contractor shall immediately notify Target in writing in the event Contractor knows or discovers
that a Target design, process or equipment recommendation infringes the intellectual property rights of a third-party.

 

		2.2.5.	Target Responsibility. Except to the extent Contractor fails to provide Target notice of any defect or deficiency as required
in the Project Documents, Contractor shall not be responsible for any defect or deficiencies in Target-Preformed work, Target-Provided
Documents, Target Furnished Materials, or defect or deficiencies in work performed by an Non-Contractor Resource.

 

		2.3.	Goods. Contractor shall sell to Target the goods comprising the Solution (“Goods”) as the same are identified
in a Project Agreement.

 

		2.3.1.	Guidelines/Specifications. The Goods and related specifications are set forth in a Project Agreement (“Specs”).
Contractor shall not make any substitutions except by the written consent of Target and in accordance with an executed Change Order or
Directive.

 

		2.3.2.	Order. Target shall order Goods by issuance of a purchase order (“Order”) to Contractor, which Order shall
be deemed to incorporate by reference the terms and conditions of the Project Documents as if set forth therein in their entirety. Each
party hereby objects to and rejects any proposal for additional or different terms or any attempt by the other to vary any of the terms
of the Project Documents by the other’s acceptance, invoice, other document or activity, as applicable. If Target’s placing
an Order shall for any reason be deemed an acceptance of a prior offer by Contractor, such acceptance is limited to the terms contained
in the Project Documents.

 

		2.3.3.	Delivery, Inspection by Contractor and Storage. Goods shall be delivered to the Site in accordance with the prescribed date(s)
set forth in the Project Agreement. At the time of delivery, Contractor shall unload, uncrate and inspect the Goods for kind, quantity
and damage. In the event the inspection discloses overage, shortage, damage or other discrepancy (collectively, a “Goods Discrepancy”),
Contractor shall notify Target and promptly remedy the Goods Discrepancy. Except as otherwise provided in a Project Agreement, Contractor
shall store all Goods delivered to the Site in an commercially reasonable manner to ensure that such Goods are secure, not damaged and
remain in good working order and condition.

 

		2.3.4.	Inspection by Target. All Goods are subject to inspection by Target as prescribed in a Project Agreement. Target’s inspection,
payment for or retention of Goods shall not constitute an acceptance of Goods not in compliance with the Specs or with any terms of the
Project Documents, shall not affect Target’s right to reject or return the same or require repairs thereto, and shall not constitute
a waiver by Target of any Contractor warranties.

 

		2.3.5.	Risk of Loss. For purposes of insurance, Target shall have the risk of loss upon delivery of the Goods to the Site.

 

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		2.4.	Labor, Equipment and Materials.

 

		2.4.1.	Provision. Unless otherwise provided in the Project Documents, Contractor shall provide, and require its Subcontractors, if
any, to provide, all labor, materials, equipment (including lockout-tag-out), personal protective equipment (including for arc flash as
indicated by OSHA, NEC and NFPA) tools, supplies, consumables, equipment and machinery, lifts, rigging, waste removal and disposal, transportation,
and other facilities and services (including temporary light, heat, electric, water, gas or other utility services) necessary for the
proper execution and completion of the Work, whether temporary or permanent and whether or not incorporated or to be incorporated in the
Work.

 

		2.4.2.	Qualification of Workers. Contractor shall ensure that all Workers (as defined in Section 8.3 below) are qualified by commercially
reasonable training and experience, and, as required, licensure to perform the task(s) assigned to them. The Contractor shall require
its Workers to conduct themselves in a respectful manner while working at the Site. The Contractor shall promptly remove any Workers upon
Target’s notice of reasonable objection as to the suitability of the same. The Contractor shall proactively take measures compliant
with Laws to ensure that its Workers are not under the influence of drugs or alcohol at the Site. Contractor shall advise each Worker
that Target does not tolerate theft or misuse of its moneys, merchandise, property or equipment, violation of Target’s security regulations,
or abuse of Target’s workers.

 

		2.4.3.	Target Furnished Materials. With respect to Target Furnished Materials (as defined in Section 3.7.1 below), if any, Contractor
shall:

 

		2.4.3.1.	Confirm the TFM Delivery Date (as defined in 3.7.1.1 below) by facsimile or email to the manufacturer or distributor (“Equipment
Provider”). Contractor must take delivery of all Target Furnished Materials on the agreed upon TFM Delivery Date.

 

		2.4.3.2.	Take delivery of all Target Furnished Materials and arrange for the unloading of Target Furnished Materials at the Site. At the time
of delivery, Contractor shall unload, uncrate and inspect Target Furnished Materials for kind, quantity and damage. In the event the inspection
discloses overage, shortage, damage or other discrepancy on the shipment (“Shipment Discrepancy”), Contractor shall:
(i) make a written notation of the Shipment Discrepancy on the bill of lading; and (ii) provide a copy of the notated bill of lading to
Target and the delivering motor carrier.

 

		2.4.3.3.	Store all Target Furnished Materials in a commercially reasonable manner to ensure that such materials are secure, not damaged and
remain in good working order and condition.

 

		2.4.3.4.	Maintain a current list of all Target Furnished Materials at the Site.

 

		2.4.3.5.	Upon completion of the Project, notify Target of any remaining Target Furnished Materials and dispose of such materials in accordance
with Target’s directions. Any amounts received from sales of surplus material and equipment shall accrue to Target.

 

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		2.5.	Subcontractors.

 

		2.5.1.	Selection. The Contractor shall only retain and employ
qualified and competent Subcontractors who shall be properly licensed in the jurisdiction where the Site is located. The Contractor shall
require Subcontractors to conduct themselves in a respectful manner while working at the Site. The Contractor shall promptly remove any
Subcontractor or its employees upon Target’s notice of reasonable objection as to the suitability of the same. The Contractor shall
proactively take measures compliant with Laws to ensure that the employees of each of its Subcontractors are not under the influence
of drugs or alcohol at the Site. Contractor shall advise each Subcontractor that Target does not tolerate theft or misuse of its moneys,
merchandise, property or equipment, violation of Target’s security regulations, or abuse of Target’s workers. All Subcontractors are
subject to Target’s prior approval. Contractor will submit to Target copies of all bids and other proposals from potential Subcontractors,
and advise Target which subcontractors it proposes to use. Contractor will provide information as Target may require or request regarding
each potential Subcontractor, including whether the potential Subcontractor is minority-owned or women-owned. “Subcontractor”
means a person or entity that has a direct contract with Contractor to perform any of the Work or to provide any equipment or materials
in connection with the Project.

 

		2.5.1.1.	Contractor will make no substitution for any Subcontractor without the prior approval of Target. Target may require Contractor, at
any time, to change any Subcontractor previously approved, in which case the Compensation will be increased or decreased by the difference
in cost occasioned by such change, and an appropriate Change Order will be issued.

 

		2.5.2.	Solicitation. When requesting Subcontractor bids for the Project, Contractor will contact at least the local unions specified
in the Project Agreement (each, a “Union”), and ask such Unions to recommend qualified subcontractors to bid on the
Project, subject to Contractor’s Subcontractor qualification process (“Subcontractor Qualification Process”).
Contractor shall request a bid from qualified subcontractors identified by each Union. If the bid is open to union and non-union groups,
Contractor shall to inform Union that Contractor is soliciting bids from both qualified Union and non-union subcontractors.

 

		2.5.2.1.	Target’s Stipulation of Union Subcontractor. Provided a Union subcontractor is qualified under the Subcontractor Qualification
Process and Target is willing to pay the cost premium, Contractor agrees to select a Union Subcontractor requested by Target. Contractor
shall be responsible for coordinating, managing and inspecting the Work of said Union. A labor strike or other labor harmony matter affecting
a Union that is outside Contractor’s control shall constitute an Excusable Delay; provided, Contractor shall make commercially reasonable
efforts to anticipate strikes and use best efforts to resolve the issues and find workaround solutions to minimize impact on the completion
of the Work.

 

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		2.5.3.	Subcontractor Agreement. Contractor’s written
agreement with each Subcontractor (“Subcontractor Agreement”) is subject to Target’s prior written approval
(“Approved Subcontracts”). Each Subcontractor Agreement shall: (i) require the Subcontractor to be bound to Contractor
and Target by substantially the same terms of the Project Documents, and to assume toward Contractor and Target substantially the same
obligations and responsibilities which Contractor assumes toward Target under the Project Documents; (ii) preserve and protect the rights
of Target under the Project Documents with respect to the Work to be performed by the Subcontractor so that the subcontracting thereof
will not prejudice such rights; (iii) provide for its assignment by Contractor to Target in the event the Project Agreement is terminated
by Target for cause; such assignment is effective only if Target specifically requires assignment by notifying the Subcontractor in writing
(“Subcontract Assignment”); (iv) provide that Target is an intended third-party beneficiary of such Subcontract; and
(v) require the Subcontractor to acknowledge that the Subcontractor shall have no direct claim, right or cause of action against Target
by virtue of its third-party beneficiary status.

 

		2.5.3.1.	Contractor shall: (A) provide Target with a copy of each fully executed Subcontractor Agreement; and (B) execute such additional documents
as Target may request to confirm a Subcontract Assignment.

 

		2.5.4.	Payment to Subcontractors. Contractor is solely responsible to pay Subcontractors for Work performed or for equipment or materials
purchased. Contractor shall timely pay Subcontractors to avoid the imposition of liens on Target property. To the extent necessary to
protect Target from claims, Target may make joint payment to the Contractor and any Subcontractor for Work performed or provided by such
Subcontractor.

 

		2.6.	Minimizing Taxes. Contractor shall work with Target in good faith to minimize taxes on the Project.

 

		2.7.	Design Phase.

 

		2.7.1.	Deliverables. As set forth in a Project Agreement, Contractor shall develop and design Solution drawings, descriptions of operations,
throughput and inventory capacity, and an estimate of operating expenses for the Solution, as designed (“Design Deliverables”).
Any architectural or engineering design documents furnished by Contractor and required to be signed, sealed or stamped by a design professional
under the Laws of the jurisdiction in which the Project is to be installed shall be signed, sealed or stamped, as applicable, by a design
professional qualified and licensed to perform such profession services within the applicable jurisdiction.

 

		2.8.	Installation and Implementation.

 

		2.8.1.	I&I Materials.

 

		2.8.1.1.	For purposes of this Master Agreement: (i) “I&I Materials” means Product Data, Samples and Shop Drawings; (ii)
“Product Data” means illustrations, standard schedules, performance charts, instructions, cut sheets, brochures, diagrams
and other information furnished to illustrate a material, product or system for some portion of the Work; (iii) “Samples”
mean physical examples that illustrate materials, equipment or workmanship and establish standards by which the Work will be judged; and
(iv) “Shop Drawings” mean drawings, diagrams, schedules and other data specially prepared for the Work by Contractor
or a Subcontractor to illustrate some portion of the Work.

 

		2.8.1.2.	Contractor shall review, approve and submit I&I Materials required by the Project Documents to Target with reasonable promptness
and in such sequence as to cause no delay in the Work or in the work of Target or any Non-Contractor Resources.

 

		2.8.1.3.	Contractor’s approval and submission of I&I Materials to Target shall be based on Contractor’s: (i) determination
and verification of all materials, field measurements, and field construction criteria related thereto at the time of submission; and
(ii) checking and coordinating the information contained in the submittal with the requirements of the Work and the Project Documents.

 

		2.8.1.4.	Contractor’s submission of I&I Materials shall
specifically and clearly identify in writing: (i) any deviation from the requirements of the Project Documents; and (ii) with respect
to a resubmission of I&I Materials, revisions made by Contractor on the prior submittal, inclusive of any revisions requested by
Target. Contractor shall not submit a request for approval of any substitution within I&I Materials but must separately submit such
request in the form of a request for Change Order.

 

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		2.8.1.5.	Contractor will not be relieved of responsibility for any deviation from the requirements of the Project Documents on the basis of
Target’s approval of I&I Material unless Target has specifically approved such deviation by Change Order.

 

		2.8.1.6.	Upon Target’s request, Contractor will furnish copies of approved I&I Materials to Non-Contractor Resources as may be necessary
to coordinate their work or upon their request.

 

		2.8.1.7.	Contractor shall review and return a copy of Target Shop Drawings and Product Data for Target Furnished Materials to Target with comments
and approval. Approval by Contractor shall represent that field conditions have been or will be coordinated to receive Target Furnished
Materials.

 

		2.8.2.	Site. Contractor shall:

 

		2.8.2.1.	Confine Operations. Confine operations at the Site to performing the Work and to completing the Project. For purposes of this
Master Agreement, “Solution Installation Area” means the area within the Site in which Work will be performed to complete
the Project as more fully identified and described in a Project Agreement.

 

		2.8.2.2.	Access. Provide Non-Contractor Resources with access to the Solution Installation Area as required by Target.

 

		2.8.2.3.	Storage. Allow Target and Non-Contractor Resources to introduce and store Target Furnished Materials and other materials and
equipment that are required for Target-Performed Work or other work being performed in the Solution Installation Area, if reasonably requested
by Target.

 

		2.8.2.4.	Security. Except as otherwise provided in a Project Agreement, be responsible for security within (i) the Solution Installation
Area; and (ii) the ingress and egress path(s) to the Solution Installation Area for the duration of the Project.

 

		2.8.2.5.	Target Security and Safety Policies. Comply, and ensure its Workers and Subcontractors, comply with all applicable Target security
and safety policies in effect at the Site, including any applicable badging or key requirements. Contractor shall not permit a third-party
to visit or tour the Site without obtaining Target’s prior written approval, which approval may be withheld at Target’s sole
discretion. Contractor shall ensure that any such authorized third-party visitors comply with all applicable Target security and safety
policies in effect at the Site.

 

		2.8.2.6.	Rubbish Removal. Ensure the timely removal of all of Contractor and Subcontractor generated waste materials and rubbish (“Contractor
Waste”) from the Solution Installation Area and the Site. Contractor shall not utilize Target waste, rubbish or recycling removal
equipment, containers or processes to store or remove Contractor Waste from the Site.

 

		2.8.3.	Cutting and Patching of Work.

 

		2.8.3.1.	Contractor will be responsible for all cutting, fitting or patching that may be required to complete the Work or to make its several
parts fit together properly.

 

		2.8.3.2.	Contractor must not damage or endanger any portion of the
Work or the work of Target or a Non-Contractor Resource by excavation or by cutting, patching or otherwise altering any work. Contractor
will not cut or otherwise alter the work of Target or a Non-Contractor Resource without the prior written consent of Target and the Non-Contractor
Resource.

 

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		2.8.3.3.	Cutting must be accurately located and neatly done. Unnecessary cutting must be avoided. Patching Work shall be performed to return
the affected area to its original state.

 

		2.8.3.4.	Contractor will leave all holes, chases and other openings in its construction required by a Non-Contractor Resource for the installation
of their work, provided such openings are accurately located by the party requiring them before the execution of the construction. Contractor
will afford Non-Contractor Resources a reasonable opportunity to locate such openings.

 

		2.8.3.5.	Contractor will perform all Work, without exception, that includes “Hot Work” (cutting, welding and braising) under the
direction of designated Target representatives at the Site.

 

		2.8.4.	Materials and Equipment Information. Contractor shall:

 

		2.8.4.1.	Provide to Target the following information for the materials and each item of equipment that was procured by Contractor as part of
the Work:

 

		2.8.4.1.1.	Complete list of all materials and equipment utilized, together with the respective location in the Work.

 

		2.8.4.1.2.	Complete equipment diagrams, operating instructions, maintenance manuals, parts lists, wiring diagrams, pneumatic and/or electrical
control diagrams, test and balance reports, inspection reports, guarantees and warranties, Material Safety Data Sheets (MSDS), as applicable,
for each piece of fixed equipment furnished under the Project Agreement, together with specific information regarding equipment provider’s
name and address, nearest distributor, service representative’s name, address, office phone number, make and model numbers, operating
designs and characteristics, and the like.

 

		2.8.4.1.3.	Complete parts lists, together with recommended spare parts for each type and model of equipment installed.

 

		2.8.4.2.	With regard to Target Furnished Materials, upon request of Target, provide information of the type identified in Section 2.8.4.1 above
to the extent that Contractor has such information or is reasonably able to obtain such information.

 

		2.8.5.	Project Bond. If Contractor is required to furnish a performance bond and/or payment bond (individually and collectively, “Project
Bond”) by a Project Document, the Project Bond shall be executed by Contractor and a corporate bonding company (“Surety”),
reasonably acceptable to Target, that is licensed to transact such business in the state in which the Project is located. Each Project
Bond shall have affixed to it a certified and current copy of a power of attorney for the attorney in fact who executes the bond on behalf
of the Surety. If a Surety is declared as bankrupt or loses its right to do business in the state in which the Work is to be performed
or is removed from the list of surety companies accepted on federal bonds, Contractor shall procure the issuance, within 10 days after
notice from Target, of a substitute Project Bond from another Surety that is reasonably acceptable to Target.

 

		2.8.6.	Solution Installation Area Condition. Contractor shall:

 

		2.8.6.1.	Not unreasonably encumber the Solution Installation Area with any materials or equipment.

 

		2.8.6.2.	Keep the Solution Installation Area ‘broom clean’ and free of any significant debris, spills, dirt, mud, or other waste.

 

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		2.8.6.3.	Wipe down installed Goods in accordance with industry and Contractor standards to ensure it is free from all dirt, oil, grease, debris,
and footprints.

 

		2.8.6.4.	Conduct periodic joint walkthroughs of the Solution Installation Area with Target to ensure proper cleanliness throughout different
installation phases.

 

		2.8.6.5.	Remove, at the completion of the Work, all of its waste materials and rubbish from and about the Solution Installation Area and other
areas of the Site as well as all of its tools, equipment and surplus materials.

 

		2.9.	Final Acceptance. Acceptance by Target of Contractor’s completion of the Work shall be as prescribed in a Project Agreement
(“Final Acceptance”). Contractor shall carry on the Work and adhere to the Project Schedule during all disputes and
disagreements with Target regarding Final Acceptance, and no Work shall be delayed or postponed pending resolution of any such disputes
or disagreements, except in the event of an Excusable Delay.

 

		2.10.	Warranties. The specific warranties of Contractor with respect to the Goods and Work for a Project shall be solely as set forth
in this Section 2.10 and the applicable Project Agreement. Warranties shall apply with respect to Goods and Work for the Warranty Period
and the FlexTile Warranty Period, as applicable, and each as defined in a Project Agreement. Any warranty limitations or restrictions
set forth in a Project Agreement shall also apply to this Section 2.10.

 

		2.10.1.	Warranty of Goods. Contractor warrants that the Goods
are: (i) of good quality and workmanship; (ii) free from defects, latent or patent, in material, design and workmanship; (iii) in compliance
with the Specs; (iv) free of any claim of any third-party; and (v) new, genuine and in their original manufactured condition containing
all original manuals and information.

 

		2.10.2.	Warranty of Work. Contractor warrants that the Work will conform to the requirements of the Project Documents and will be free
from defects, except for those inherent in the quality of the Work the Project Documents expressly permit. Work not conforming to these
requirements shall be considered defective. Contractor’s warranty excludes remedy for damage or defect caused by abuse by Target
(or other Non-Contactor Resource), alterations to the Work not executed by the Contractor, improper or insufficient maintenance by Target
(or other Non-Contactor Resource, improper operation by Target (or other Non-Contactor Resource, or normal wear and tear, normal deterioration
and aging, and normal usage.

 

		2.10.3.	WARRANTY DISCLAIMER. EXCEPT AS EXPRESSLY SET FORTH IN THIS MASTER AGREEMENT OR A PROJECT AGREEMENT, TO THE MAXIMUM EXTENT PERMITTED
BY LAW: (I) ALL WORK, SOLUTIONS AND GOODS ARE PROVIDED AS IS AND WITH ALL FAULTS; AND (II) CONTRACTOR DISCLAIMS ANY AND ALL WARRANTIES
WITH RESPECT TO THE WORK, SOLUTION, AND GOODS, WRITTEN OR ORAL, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO IMPLIED WARRANTIES OF
MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE.

 

		3.	Target’s Rights and Obligations.

 

		3.1.	Access to Site. Target or its designees shall have the right to:

 

		3.1.1.	Full and complete access to enter the Site at any time without prior notice to Contractor, including to inspect the Site, equipment
and the Work.

 

		3.1.2.	From time-to-time, conduct activities at the Site. Target may conduct such activities to the exclusion of Contractor with regard to
the space occupied for those activities.

 

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		3.2.	Information Provided to Contractor. “Target-Provided Documents” means Site Information and Target Work Information.

 

		3.2.1.	If required to perform the Work, Target shall furnish a legal description of the Site, a soils report for the Site, and surveys describing
physical characteristics, legal limitations and utility locations for the Site (“Site Information”).

 

		3.2.2.	Target shall furnish copies of all information, drawings and specifications within the control or possession of Target that are reasonably
necessary for the execution of the Work (“Target Work Information”). In the event Contractor requests specific Target
Work Information, Target shall provide the requested Target Work Information with reasonable promptness so as not to delay the Project,
not to exceed 14 days. Target makes no representations as to the accuracy, relevance or completeness of Target Work Information.

 

		3.3.	Review of I&I Materials. Target shall review and approve or take other appropriate action upon receipt of I&I Materials
from Contractor. Target will act upon submitted I&I Materials with reasonable promptness so as to cause no delay of the Work. Contractor
acknowledges that any such review, approval or other action by Target will be only for conformance with the design concept of the Work
and the Project Documents. Neither Target’s right to act under this Section 3.3 nor any action taken by Target with respect to any I&I
Material shall relieve Contractor of its obligation to perform the Work in accordance with the Project Documents.

 

		3.3.1.	Target’s approval of a specific item shall not be deemed to constitute approval of an assembly of which the item is a component.

 

		3.4.	Special Review. If Target determines that any portion of the Work requires special inspection, testing, or approval (“Special
Review”), Target will instruct Contractor to order the Special Review, which, in Target’s sole discretion, may be performed
by a third-party under direct contract with Target, provided that such third-party shall not be a direct competitor of Contractor. Contractor
will give Target timely notice of its readiness so that Target may observe the Special Review. If the Special Review reveals a failure
of the Work to comply with requirements of the Project Documents, Contractor will bear all costs of correcting such deficient or defective
Work and the costs of such Special Review; otherwise, Target will bear the cost of the Special Review, and an appropriate Change Order
will be issued if such Special Review was contracted through Contractor.

 

		3.5.	Site Payments. Target shall pay for any necessary approvals, easements, assessments and charges required for the construction,
use or occupancy of permanent structures or for permanent changes in existing facilities at the Site. If directed by Target or required
by governmental authorities, Contractor shall secure the same [***] mark-up on any costs paid by Contractor and submitted to Target for
reimbursement.

 

		3.6.	Storage of Goods at the Site. Target shall furnish storage space at the Site for Goods and any Target Furnished Materials,
if required.

 

		3.7.	Target Furnished Materials.

 

		3.7.1.	Target may undertake the procurement and supply of equipment or materials for use in a Project (“Target Furnished Materials”).
Target shall have the following obligations with regard to Target Furnished Materials:

 

		3.7.1.1.	Target will be responsible for scheduling the delivery of Target Furnished Materials to the Site at a time that is mutually agreeable
to the Equipment Provider and Contractor (“TFM Delivery Date”).

 

		3.7.1.2.	Target shall provide Contractor with associated Shop Drawings and Product Data.

 

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		3.8.	Deficiencies. In the event Contractor fails to perform the Work in accordance with the Project Documents or to promptly correct
Work that has been improperly performed (each, a “Deficiency”), Target shall have the following rights and remedies,
which shall only apply prior to the commencement of the Warranty Period:

 

		3.8.1.	Target may reject the Work, and Contractor shall be required to complete the Work in accordance with the Project Documents.

 

		3.8.2.	Target, by written notice to Contractor, may require Contractor to stop the Work, or any portion thereof, until the Deficiency has
been corrected.

 

		3.8.2.1.	If Contractor fails to, within seven days after receipt of written notice from Target of a Deficiency, to commence and continue correction
of a Deficiency with diligence and promptness, Target shall have the right to correct the Deficiency. In such case, Target shall deduct
from the payments then or thereafter due to Contractor the actual cost of correcting the Deficiency. If the payments then or thereafter
due Contractor are not sufficient to cover such amount, Contractor will immediately pay the difference to Target.

 

		3.8.3.	Target may require a Special Review of the Work in accordance
with the Project Documents, whether or not such Work is then fabricated, installed or completed. The rights and remedies set forth in
this Section 3.8 do not give rise to any duty on the part of Target to exercise the right or remedy for the benefit of Contractor or
any other person or entity.

 

		3.9.	Target Project Managers. Target shall designate one or more individuals to serve as Target’s representative with regard
to each Project (each, a “Target Project Manager”). Target shall advise Contractor of the name of the Target Project
Manager(s), as the same may change from time to time. Except to the extent expressly restricted by Target, a Target Project Manager has
full authority to represent Target with regard to the aspects of the Project over which such person has authority.

 

		3.10.	Target-Performed Work.

 

		3.10.1.	Target has the right to perform work related to the Project directly or indirectly with Non-Contractor Resources; provided, that,
prior to Final Acceptance, such Non-Contractor Resources shall not be a direct competitor of Contractor (“Target-Performed Work”).

 

		3.10.2.	In the event Target determines to modify Contractor’s Scope of Work as defined and set forth in a Project Agreement, the Parties
shall seek to enter into a Change Order pursuant to Section 1.2.1 to document changes to Contractor’s Scope of Work for the Project
and the resulting adjustment to Compensation, and Target shall reimburse Contractor for all reasonable claims, costs, fees, losses and
damages incurred in settlement of terminated Approved Subcontracts, if any; provided such settlements or termination penalties imposed
by Subcontractors have been approved in advance by Target, which approval shall not be unreasonably withheld. Pending final execution
of a mutually-agreed Change Order, Target may modify Contractor’s Scope of Work by executing a Directive in accordance with Section
1.2.1. The Parties agree and acknowledge that Target’s right to complete Work in the event of a Deficiency as set forth in Section
3.7 above is not subject to this Section 3.10.

 

		3.10.3.	Target will provide for the coordination of Target-Performed Work with the Work.

 

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		4.	Compensation.

 

		4.1.	Amounts. As consideration for Contractor’s performance of the Work, Target shall pay to Contractor the fees, rates, charges,
expenses and other amounts specified in, or calculated in accordance with, the applicable Project Agreement (as may be modified by an
executed Change Order or Directive) (“Compensation”).

 

		4.2.	No Compensation Negotiated. In the event Target requests Contractor to perform additional services as part of the Work for
which no Compensation has been negotiated by the Parties, the Parties shall set forth the additional Compensation, if any, in the Change
Order issued for the additional services, or if the additional services have been directed by Target through the issuance of a Directive,
then Contractor shall be entitled to an equitable adjustment, if any, to the Compensation as set forth in Section 1.2.1.

 

		4.3.	Adequacy. The Parties agree and acknowledge that the Compensation has been negotiated to fully compensate Contractor for all
costs and expenses incurred by Contractor in performing the Work. Except as otherwise expressly provided in the Compensation, Target is
not responsible for any fees, charges or expenses incurred by Contractor in performing the Work.

 

		4.3.1.	Delays. Target and Contractor each understands and acknowledges that the Work may be subject to delays from different causes,
and Contractor waives any right to contest the adequacy of the Compensation or to otherwise assert damages in the event of a delay unless
such delay qualifies as an Excusable Delay, in which case Contractor’s sole remedy shall be an equitable adjustment of the Project
Schedule in accordance with Section 2.1.3. Notwithstanding the foregoing, in the event of a Target- Caused Delay, Contractor may charge
Target an amount equal to the reasonable and unavoidable additional costs incurred by Contractor arising from the Target-Caused Delay.

 

		5.	Invoices and Payment.

 

		5.1.	Invoices. Contractor shall submit invoices to Target for Work performed and Compensation (“Invoices”) as
follows:

 

		5.1.1.	Form and Format. Contractor shall submit Invoices electronically, unless paper Invoices are requested by Target. The form and
format of Invoices shall comply with Target’s prescribed requirements.

 

		5.1.2.	Taxes. If any sales, goods or service tax is incurred by Contractor with respect to the Work (collectively, “Work
Tax”), Contractor shall: (i) separately itemize the Work Tax on Invoices and be reimbursed for the same; and (ii) remit the
Work Tax to the appropriate taxing authority in a timely fashion.

 

		5.1.3.	Information and Documentation. Each Invoice must include such reference numbers and other information and documentation as
prescribed by Target.

 

		5.1.3.1.	Lien Waivers. Contractor shall submit its lien waiver with an Invoice in accordance with any instructions provided by Target
or described in the Project Agreement. Originals of all lien waivers must be submitted and must state the dollar amount of all prior payments,
be on a form mutually agreed by the Parties, and full- and-final notarized lien waivers will be obtained on final Invoice. Contractor
shall submit to Target lien waivers from Subcontractors for payments to them.

 

		5.1.4.	Timing. Contractor
                                            shall submit Invoices to Target with the frequency or on the basis prescribed in the applicable
                                            Project Agreement, which shall be tied to Contractor’s attainment of Key Milestones.
                                            Contractor must submit an Invoice that is compliant with the requirements of this Section
                                            5.1 and applicable Project Agreement (“Compliant Invoice”) to Target no
                                            later than [***] the First Invoice Date (“Invoice
                                            Submission Deadline”). For purposes of this Master
                                            Agreement, “First Invoice Date”
                                            means the first date Contractor is eligible to submit an Invoice for Work or Compensation,
                                            as prescribed in a Project Agreement.

 

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		5.1.5.	Subcontractors. Contractor shall submit Invoices for
Work performed by Subcontractors. Target will not accept a Subcontractor invoice for Work performed.

 

		5.2.	Payments. The Compensation will be paid according to the procedures set forth herein, in the applicable Project Agreement,
and in the other Project Documents.

 

		5.2.1.	Compensation. Target shall pay Contractor the correct Compensation due for Work performed in accordance with the Project Documents.

 

		5.2.2.	Timing. Target will pay the Compensation due pursuant to a Compliant Invoice [***] after receipt by Target.

 

		5.2.3.	Payment Amount. Target will not pay Invoice amounts that exceed the correct Compensation due under the terms of the Project
Documents.

 

		5.2.4.	Set-Off. Target has the right to set-off any amounts due to Contractor, or accrued to be owing to Contractor by Target, under
a Project Document against any amounts that Contractor or its successor-in-interest owes or will owe to Target under that Project Document
or any other Project Document or other agreement. Target will itemize amounts set-off in payment documentation.

 

		5.2.5.	No Obligation to Pay. Target has no obligation to pay an Invoice:

 

		5.2.5.1.	That is received by Target after the Invoice Submission Deadline, and Contractor waives any and all rights it may have to demand payment
for Services in the event Contractor fails to submit an Invoice until after the Invoice Submission Deadline.

 

		5.2.5.2.	For such period that Contractor fails to have in place a Project Bond, if required.

 

		5.2.6.	Refund of Payment Errors. Contractor shall refund to Target any payments made in error, including overcharges, duplicate or
unidentified payments, within the earlier of (i) [***]; or (ii) [***].

 

		6.	Term and Termination.

 

		6.1.	Term. The term of this Master Agreement commences on the Effective Date and remains in effect until terminated in accordance
with Section 6.2 below; provided, this Master Agreement will terminate automatically without further action by either Party in the event
there is not an active Project Agreement between the Parties for a period of 24 months.

 

		6.2.	Termination. This Master Agreement and any Project Agreement may be terminated as follows:

 

		6.2.1.	For Cause.

 

		6.2.1.1.	By Target immediately upon written notice to Contractor if Target’s financial obligations to Contractor are the subject of a
garnishment proceeding.

 

		6.2.1.2.	By Target immediately upon written notice to Contractor if Contractor: (i) ceases to actively conduct its business; (ii) files a voluntary
petition for bankruptcy or has filed against it an involuntary petition for bankruptcy; (iii) makes a general assignment for the benefit
of its creditors; or (iv) applies for the appointment of a receiver or trustee for substantially all of its property or assets or permits
the appointment of any such receiver or trustee.

 

		6.2.1.3.	By Target upon 30 days’ written notice to Contractor if
Contractor: (i)       refuses or fails to supply enough properly skilled Workers or proper materials
to maintain the Project Schedule; (ii) fails to make payment to Subcontractors for materials, labor or services; (iii) disregards applicable
Laws; (iv) materially breaches a provision of the NDA or IP Rights Agreement; or (v) is otherwise in material breach of a provision of
the Project Documents, and any such foregoing breach or default is not cured to Target’s reasonable satisfaction within the 30-day
period after written notice to the Contractor.

 

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		6.2.1.4.	By Contractor upon 30 days’ written notice to Target in
the event: (i) of a payment default by Target; (ii) Target disregards a Law applicable to the Project; or (iii) Target materially breaches
a provision of the NDA or IP Rights Agreement, and any such foregoing default or breach is not cured to Contractor’s reasonable
satisfaction within the 30-day period after written notice to Target.

 

		6.2.1.5.	By Contractor immediately upon written notice to Target if
Target: (i) ceases to actively conduct its business; (ii) files a voluntary petition for bankruptcy or has filed against it an involuntary
petition for bankruptcy; (iii) makes a general assignment for the benefit of its creditors; or (iv) applies for the appointment of a
receiver or trustee for substantially all of its property or assets or permits the appointment of any such receiver or trustee.

 

		6.2.1.6.	In the event any termination for cause is ultimately adjudicated to have been unwarranted under the terms of the Project Documents,
then such termination shall be deemed a termination for convenience under Section 6.2.2 hereof.

 

		6.2.2.	For Convenience by Target. By Target for convenience
at any time upon 10 days’ written notice to Contractor. Upon receipt of written notice from Target of such termination for convenience,
Contractor shall: (i) cease operations as directed by Target in the notice; (ii) take actions necessary, or that Target may direct, for
the protection and preservation of the Work; and (iii) except for Work directed to be performed prior to the effective date of termination
stated in the notice, terminate all existing Subcontracts and purchase orders and enter into no further Subcontracts and purchase orders;
and (iv) shall transfer and deliver to Target or its designee all of the information, data, and materials set for in the Sections 6.2.3.1.3
and 6.2.3.1.4 below.

 

		6.2.3.	Obligations.

 

		6.2.3.1.	Termination for Cause. If this Master Agreement or an individual Project Agreement is terminated for cause, (the effective
date of termination shall be referred as the “Termination Date”), Contractor shall:

 

		6.2.3.1.1.	Continue to perform the Work up to the Termination Date in
accordance with the Project Documents;

 

		6.2.3.1.2.	Assign to Target, and Target shall assume, as of the Termination Date, any Approved Subcontracts requested by Target.

 

		6.2.3.1.3.	Effective as of the Termination Date, transfer and deliver to Target or its designee: (i) tangible Confidential Information (as such
term is defined in the NDA, as defined in Section 14.1 below) of Target that is in the possession of Contractor or a Subcontractor; and
(ii) any Work (whether completed or not) in the possession of Contractor or a Subcontractor relating to the terminated Project, including
I&I Materials and other Design Deliverables; and (iii) other Target information requested by Target

 

		6.2.3.1.4.	Deliver to Target all keys and access codes to the Site and equipment.

 

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		6.2.3.2.	Target Termination of Project Agreement for Cause. If Target terminates a Project Agreement for cause and the total of all
claims, losses and direct damages sustained by Target arising out of or resulting from completing the Work exceeds the Compensation for
the Project (less any amounts previously paid by Target to Contractor with respect to the Project), Contractor must pay Target such excess
amount within 30 days of notice of the amount owed.

 

		6.2.3.3.	Target Termination of Project Agreement for Convenience; Contractor Termination of Project Agreement for Cause. If Target terminates
a Project Agreement for convenience, or if Contractor terminates a Project Agreement for cause, Target shall promptly reimburse Contractor
for the following amounts: (i) reasonable claims, costs, fees, losses and damages incurred by Contractor in settlement of terminated Approved
Subcontracts; provided such settlements have been approved in advance by Target, which approval shall not be unreasonably withheld; (ii)
reasonable documented expenses directly attributable to termination, including, without limitation, the salary and benefits due and payable
to employee(s) who are hired by Contractor to work on the terminated Project on a dedicated basis (“Dedicated Project Hire”)
for a 30-day period after termination if the following two conditions are met with respect to the Dedicated Project Hire: (1) Contractor
is unable to utilize the Dedicated Project Hire for other Contractor business; and (2) Contractor made Target aware of the Dedicated Project
Hire by written notice prior to the termination date, including with regard to their job description; and (iii) Compensation due to Contractor
under the applicable Project Agreement(s) for Work rendered in conformance with the Project Documents prior to the Termination Date. Except
as otherwise in this Section 6.2.3.3, in no event shall Contractor be entitled to fees, losses or damages, specifically including lost
profits, for any Work not performed as of the effective date of termination for convenience.

 

		6.2.4.	Provisions Surviving Termination. All Project Document representations, warranties and indemnities survive the termination
or expiration of the Project Document. In addition, every other Project Document provision that by its terms is intended to survive termination
or expiration of the Project Document, including, without limitation, Sections 12 through 16 below, will do so.

 

		7.	Insurance.

 

		7.1.	Types. Contractor will purchase and maintain with respect to each Project, and cause Subcontractors to maintain, insurance
of the following kinds and amounts, and meeting such other requirements as set forth below:

 

		7.1.1.	Workers’ Compensation. Workers’ compensation
insurance, or similar insurance, affording statutory coverage and containing statutory limits for the state(s) in which Contractor is
conducting business related to the Project Agreement, and employer’s liability insurance in the amount of [***].

 

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		7.1.2.	CGL. Commercial general liability (“CGL”) insurance with minimum limits of coverage of [***] for bodily
injury and property damage which must include the following coverages: products and completed operations, contractual liability for liabilities
assumed by Contractor under the Project Agreement, personal and advertising injury liability, and property in the care, custody or control
of Contractor. The CGL insurance must: (i) designate Target and the owner of the real property at the Site if not Target as an additional
insured by separate written endorsement for continuing and completed products and operations, including with respect to third-party claims
or actions brought directly against Target or against Target and Contractor as co-defendants and arising out of the Project Agreement,
and (ii) provide for a severability of interests.

 

		7.1.3.	Auto. Automobile liability insurance (including coverage for owned, hired and non-owned vehicles) with minimum limits of [***]
combined single limit for personal injury, including bodily injury, death and property damage.

 

		7.1.4.	Technology Errors and Omissions. Technology errors and omissions insurance: (i) with minimum limits of coverage of [***] per
claim; and (ii) covering all acts, errors, and omissions.

 

		7.1.5.	Professional Services. If any Work to be performed under a Project Agreement is Professional Services, professional liability
insurance that covers claims arising from real or alleged errors, omissions or negligent acts committed in the performance of the services.
The limits of liability [***]. Coverage shall be maintained in effect for three years after final completion of services. “Professional
Services” means professional services provided by Contractor for the Solution, including mechanical engineering services, electrical
engineering services, process engineering services, system design services, structural engineering services, consulting services related
to implementation, project management services, installation services (electrical, mechanical, etc.), Site management services, software
design and implementation services, all software packages owned by Contractor, and any other internal services necessary to complete the
Solution provided under a Project Agreement.

 

		7.2.	General Insurance Requirements.

 

		7.2.1.	Insurer Stability and Size. Contractor shall procure all coverage required under this Section from a company or companies possessing
an A.M. Best rating of A-:VII or better.

 

		7.2.2.	Insurer Qualification. Contractor shall obtain all coverage required under this Section from a company or companies that are
authorized to do business under the laws of the state(s) in which Contractor is conducting business related to the applicable Project
Agreement.

 

		7.2.3.	Occurrence Basis. All coverage required under this Section must be written on an occurrence basis, unless such coverage can
only be procured on a claims-made basis, in which event the coverage shall remain in effect for a period of not less than three years
after the termination or expiration of the applicable Project Agreement or provide a three year extended reporting period (tail coverage).

 

		7.2.4.	Contractor Insurance is Primary. Contractor’s insurance shall be primary and required to respond to and pay prior to
any other available coverage of Target. Contractor’s insurance shall include a waiver of subrogation in favor of Target and any
Additional Insured.

 

		7.2.5.	Certificate of Insurance. Contractor shall provide Target
with a certificate(s) of insurance evidencing the required coverage concurrently with the execution of a Project Agreement Contractor
shall give Target at least 30 days advance written notice of any material change or cancellation of such policies.

 

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		7.2.6.	Self-Insurance. Contractor shall not self-insure its coverage required under this Section 7 without the prior written consent
of Target.

 

		7.2.7.	Umbrella Insurance. The Parties agree Contractor may use a form- following Umbrella insurance coverage in combination with
CGL or automobile coverage to meet Contractor’s minimum coverage level requirements herein.

 

		8.	Relationship of the Parties.

 

		8.1.	Independent Contractors. Contractor and Target are independent contractors. No Project or Project Document creates a relationship
of agent and principal, partners, joint ventures or employer-employee between the Parties, and no act or obligation of either Party will
in any way bind the other.

 

		8.1.1.	Nothing in any Product Document creates any contractual relationship between Target and any Subcontractor.

 

		8.2.	Control. Except in connection with work performed by Non-Contractor Resources, Target-Performed Work, Target-Provided Documents,
and Target Furnished Materials, Contractor (i) shall designate and control all equipment, labor, licensing and all other matters with
respect to the Work, and (ii) is solely responsible for all design and implementation means, methods, techniques, sequences and procedures.

 

		8.3.	Workers. Persons employed or utilized by Contractor (excluding any Non- Contractor Resources) in performing services (“Workers”)
are not employees of Target. Except with respect to Non-Contractor Resources, Contractor is solely responsible for compensating Workers
and for complying with all Laws relating to Workers. Contractor acknowledges that Workers are not eligible to participate in any Target
benefit plans or receive any other benefits provided by Target to its employees.

 

		8.4.	Screening. Contractor is solely responsible for the hiring, termination, direction, discipline, control and conduct of Workers.
Contractor shall interview and screen prospective Workers in a manner that is consistent with industry standards and applicable Laws,
including immigration, and Target security requirements when specifically required by Target.

 

		8.5.	Non-Solicitation. Unless the Parties mutually agree in writing otherwise, for the term of this Master Agreement and for one
year thereafter, neither Party will solicit for hire any employee of the other Party who provided services under a Project Agreement;
provided, nothing in this Section 8.5 shall be construed to prohibit either Party from using traditional means to advertise for employment
opportunities, including newspaper or website advertisements, job fairs, recruiters, job boards or third-party placement services.

 

		9.	Intellectual Property Rights. The Parties’ rights with respect to ownership and rights to use intellectual property
are as set forth on the Intellectual Property Ownership and Rights Agreement effective as of December 22, 2017 (the “IP Rights
Agreement”). The Parties agree and acknowledge that the IP Rights Agreement is not a Project Document.

 

		10.	Representations and Warranties.

 

		10.1.	Contractor. Contractor represents and warrants that:

 

		10.1.1.	it is a corporation or other lawfully created business organization validly organized and existing under the Laws of its jurisdiction
of incorporation or organization;

 

		10.1.2.	it has full power and authority to enter into and perform
its obligations under each Project Document, and there is no contract, agreement, promise or undertaking that prevents Contractor’s
full performance under a Project Document;

 

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		10.1.3.	it has the necessary qualifications, experience and resources to perform the Work in accordance with the terms of each Project Document;

 

		10.1.4.	it possesses all Required Approvals and Permits;

 

		10.1.5.	it is in full compliance with all applicable Laws that govern or relate to the Work and the services;

 

		10.1.6.	each Subcontractor will possess all Required Approvals and Permits;

 

		10.1.7.	throughout each Project, Contractor will maintain a commercially reasonable business continuation plan and will use commercially reasonable
efforts to preserve its ability to perform the Work without interruption;

 

		10.1.8.	it possesses all rights, title and interests (including Intellectual Property Rights (as defined below) in, or a valid license to
use, all computer hardware and software to be used in performing the Work, and the use and exploitation thereof will not violate or infringe
any rights (including Intellectual Property Rights) of any third-party;

 

		10.1.9.	no third-party has, and Contractor will not permit any third-party to have, any right, title or interest in or to any of the Design
Deliverables or the Intellectual Property Rights in the Design Deliverables without Target’s prior written approval; and

 

		10.1.10.	it has in place a process for interviewing and screening prospective Workers that is consistent with industry standards and applicable
Laws, including immigration, and Target security requirements when specifically required by Target.

 

		10.2.	Target. Target represents and warrants that:

 

		10.2.1.	it is a corporation or other lawfully created business organization validly organized and existing under the Laws of its jurisdiction
of incorporation or organization;

 

		10.2.2.	it has full power and authority to enter into and perform its obligations under each Project Document, and there is no contract, agreement,
promise or undertaking that prevents Target’s full performance under a Project Document;

 

		10.2.3.	it possesses all rights, title and interests (including Intellectual Property Rights) in, or a valid license to use, Target-Performed
Work, Target- Provided Documents, and Target Furnished Materials, and the use and exploitation thereof will not violate or infringe any
rights (including Intellectual Property Rights) of any third-party; and

 

		10.2.4.	no third-party has, and Target will not permit any third-party to have, any right, title or interest in or to any of the Target-Performed
Work, Target- Provided Documents, or Target Furnished Materials.

 

		10.3.	Intellectual Property Rights. For purposes of this Master Agreement, “Intellectual Property Rights” means
all rights relating to intellectual property, including, without limitation, copyrights, trade secrets, trademarks, patents, design rights,
and any other intangible right relating to intellectual property.

 

		11.	Maintenance and Access to Records. Target shall
have access at all reasonable times to Contractor’s records and other documents of any kind which relate to the Project Documents and
the Project including, without limitation, all Subcontractor Agreements, purchase orders, receipts, accounting records, cancelled checks,
vouchers, correspondence and all documents prepared and/or maintained as required by applicable Laws. Such records shall be maintained
pursuant to industry standards. All such records and other documents will be preserved by Contractor, and Target shall have access to
them, for not less than three years after final payment of Compensation to Contractor or such longer period required by Law. Target may
conduct periodic audits of Contractor’s records and other documents, and Contractor shall cooperate with Target in conducting such audits,
the cost of which shall be borne by Target.

 

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		12.	Contractor Liability.

 

		12.1.	Personal Injuries and Property Damage. Contractor shall be responsible and liable for all personal injuries, whether Workers
or otherwise, and property damage, arising out of, resulting from, or in any manner connected with its execution of the Work, except in
each case to the extent that such injury or damage is proximately caused by Target Performed Work, Target Furnished Materials, or the
willful misconduct or negligent acts of Target or Non-Contractor Resources.

 

		12.1.1.	Notwithstanding the foregoing, Contractor shall be liable for damage to Target Furnished Materials stored at the Site that is caused
by, or arises from, Contractor’s negligence.

 

		12.2.	Contractor Negligence or Fault. Contractor shall be responsible for all costs and expenses incurred as a result of the fault
or negligence of Contractor, including, without limitation, with regard to or as a result of: (i) disposing of and replacing materials,
supplies or equipment which are incorrectly ordered or supplied; and (ii) Contractor’s failure to carry or to cause any Subcontractor
to carry any insurance required by the Project Documents

 

		12.3.	Notice Failures. Contractor shall be liable for the all costs, expenses, delays and damages:

 

		12.3.1.	Arising from the performance of Work that arose from a Document Error if Contractor’s failed to timely provide an Error Notice
to Target and knew or should have known the performance thereof was in contravention of a Project Document; or

 

		12.3.2.	Arising from the performance of Work in contravention of an applicable Law if Contractor failed to timely provide a PD Law Variance
Notice to Target and knew or should have known the performance thereof was contrary to applicable Laws.

 

		12.4.	Special Review. Contractor shall be responsible for all costs and expenses incurred only if a Special Review reveals a failure
of the Work to comply with requirements of the Project Documents; otherwise, Target shall be responsible for all Special Review costs
and expenses.

 

		12.5.	Subcontractors. In the event Contractor uses a Subcontractor, Contractor will remain fully responsible and liable to Target
for the subcontracted Services as though Contractor performed them directly itself. This includes, without limitation, indemnification
in accordance with Section 13.1 below, for the Work performed by, or acts or omissions of, a Subcontractor.

 

		12.6.	Site Cleanup. In the event Contractor fails to clean up the Site at the completion of the Work, Contractor shall be liable
for the costs and expenses incurred by Target in effecting the cleanup.

 

		13.	Indemnification.

 

		13.1.	Contractor General Indemnity. Contractor will defend, indemnify
and hold harmless Target, the owner of the real property at the Site if not Target, and their respective directors, officers, contractors,
and employees (collectively, “Indemnitees”), from and against all third-party related: (A) claims; (B) losses; (C)
damages; (D) costs; (E) penalties; and (F) expenses (including court costs, attorneys’ fees and investigative and discovery costs) ((A)
through (F), collectively, “Damages”) which: (i)       arise out of, result from,
or are in any manner connected with the execution of the Work or Contractor’s failure to perform its obligations under the Project Documents,
and which are attributable to personal or bodily injury, sickness, disease, or death, or to damage to or destruction of property (other
than the Work itself); (ii) arise out of, result from or are caused by (in whole or in part) the acts, errors, omissions, negligence
or fault of Contractor or any Subcontractor; or (iii) arise out of a defect in the design, material or workmanship of the Work or Goods,
or any portion thereof, except in each case above (items (i) to (iii)) to the extent that such Damages are proximately caused by: (a)
a fraudulent representation or warranty made by the Indemnitee; (b) the material breach by the Indemnitee of a material provision of
this Agreement; (c) the willful misconduct or negligent act of the Indemnitee; or (d) Target Furnished Materials, Target-Provided Documents,
Target-Performed Work, or other work completed by Target or Non-Contractor Resources.

 

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		13.2.	Target General Indemnity. Target will defend, indemnify and hold harmless Contractor, its directors, officers, and employees
(“Contractor Indemnities”), from and against all third-party related Damages which: (i) arise out of, result from,
or are in any manner connected with Target’s (including Non-Contractor Resources) execution of work related to the Project or operations,
or failure to perform its obligations under the Project Documents, and which are attributable to personal or bodily injury, sickness,
disease, or death, or to damage to or destruction of property (other than the Work itself); (ii) arise out of, result from or are caused
by (in whole or in part) the acts, errors, omissions, negligence or fault of Target or Non-Contractor Resources; or (iii) arise out of
a defect in the design, material or workmanship of Target Furnished Materials, Target-Provided Documents, Target-Performed Work, or work
performed by Target or Non- Contractor Resources, except in each case above (items (i) to (iii)) to the extent that such Damages are proximately
caused by: (a) a fraudulent representation or warranty made by the Contractor Indemnitee; (b) the material breach by the Contractor Indemnitee
of a material provision of this Agreement; or (c) the willful misconduct or negligent act of the Contractor Indemnitee.

 

		13.3.	Lien Indemnity. Contractor will defend, indemnify and hold harmless Target and the owner of the real property at the Site if
not Target against any assertion of claims for mechanics’ liens or other encumbrances by Subcontractors and against any assertion of security
interests by such suppliers of goods or materials. This indemnity obligation shall not apply to liens filed while a payment dispute between
Target and Contractor is pending, if the lien so filed relates to the amount in dispute.

 

		13.4.	IP Infringement Indemnity.

 

		13.4.1.	Contractor agrees to defend, hold harmless and indemnify Target against any third-party intellectual property infringement claim in
connection with the Solution and the Work; provided, however, that: (i) these claims arise out of the Goods or the Solution; (ii) Contractor
is notified in writing immediately upon receipt of such claim; (iii) Contractor is given absolute control of the defense and the right
to defend or settle such claim; provided that no liability is assigned to Target; and (iv) Contractor is allowed to make such changes
in the Goods or the Solution as it deems necessary for the purpose of avoiding infringement, provided such changes do not interfere with
the ability of the Solution to perform as specified in the Project Agreement; provided, such indemnification obligations shall not apply
to the extent of: (1) Target’s unauthorized use or disclosure of any trade secret, infringement of any United States patent or violation
of any copyright relating to equipment, software or materials provided by Contractor; (2) Target’s use of the Work in combination
with hardware or software not supplied by Contractor or outside its intended purpose as specified in the Project Documents; or (3) any
modification to the Work by Target that was not approved by Contractor.

 

		13.4.2.	Target agrees to defend, hold harmless and indemnify Contractor
against any third-party intellectual property infringement claim in connection with the Target-Performed Work, Target Provided Documents,
Target Furnished Materials, or otherwise related to Target’s (including Non-Contractor Resources) execution of work related to the Project,
provided, that: (i) Target is notified in writing immediately upon receipt of such claim; (ii) Target is given absolute control of the
defense and the right to defend or settle such claim; provided that no liability is assigned to Contractor; and (iii) Target is allowed
to make such changes as it deems necessary for the purpose of avoiding infringement, provided such changes do not interfere with Target’s
ability to perform as specified in the Project Agreement.

 

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		14.	Confidentiality.

 

		14.1.	NDA; ISA. The Parties’ obligations with respect to Confidential Information (as defined in the NDA) are set forth in
the Non-Disclosure Agreement, dated as of September 8, 2015 (“NDA”), and the Information Security Addendum, dated as
of December 21, 2017 (“ISA”). The Parties agree and acknowledge that the NDA and the ISA are not Project Documents.

 

		14.2.	Use of Identification.

 

		14.2.1.	Contractor shall not: (i) use Target’s name, trademarks, services marks, logos, any description that would reveal Target’s identity
or other forms of identification, whether registered or not in any way, including any advertisement, press release, announcement, customer
list (including customer lists on any website) or materials of a public or promotional nature or in soliciting other clients; or (ii)
make any direct or indirect public reference to this Master Agreement or any other contract between Contractor and Target without first
obtaining Target’s written permission which may be withheld in Target’s sole discretion.

 

		14.2.2.	Target shall not: (i) use Contractor’s name, trademarks, services marks, logos, any description that would reveal Contractor’s
identity or other forms of identification, whether registered or not in any way, including any advertisement, press release, announcement,
customer list (including customer lists on any website) or materials of a public or promotional nature or in soliciting other clients;
or (ii) make any direct or indirect public reference to this Master Agreement or any other contract between Contractor and Target without
first obtaining Contactor’s written permission which may be withheld in Contractor’s sole discretion.

 

		15.	Limitations of Liability.

 

		15.1.	Limitations of Liability.

 

		15.1.1.	Direct Damages Cap. NOTWITHSTANDING ANYTHING CONTAINED IN THE PROJECT DOCUMENTS TO THE CONTRARY, BUT SUBJECT TO SECTION 15.2,
THE AGGREGATE LIABILITY OF EITHER PARTY TO THE OTHER PARTY UNDER THE PROJECT DOCUMENTS FOR ALL LOSS, DAMAGES OR OTHER CLAIMS THEREUNDER
SHALL NOT EXCEED THE TOTAL AMOUNT OF COMPENSATION ACTUALLY RECEIVED BY CONTRACTOR UNDER SUCH PROJECT AGREEMENT GIVING RISE TO SUCH LOSS,
DAMAGES, OR OTHER CLAIMS (“DIRECT DAMAGES CAP”).

 

		15.1.2.	Other than Direct Damages. NOTWITHSTANDING ANYTHING CONTAINED IN THE PROJECT DOCUMENTS TO THE CONTRARY, BUT SUBJECT TO SECTION
15.2, NEITHER PARTY SHALL BE LIABLE TO THE OTHER PARTY FOR ANY INCIDENTAL, SPECIAL, PUNITIVE, EXEMPLARY AND/OR CONSEQUENTIAL DAMAGES,
INCLUDING WITHOUT LIMITATION, LOST PROFITS, REGARDLESS OF WHETHER SUCH PARTY WAS MADE AWARE OF ANY SUCH PROVISION.

 

		15.2.	No Limitation. Notwithstanding Section 15.1, there is no
limitation on a Party’s liability to the other Party for: (i) breach of: (A) Section 2.1.7, Compliance with Laws; (B) Section 14,
Confidentiality; or (C) the IP Rights Agreement, (ii) Section 13, Indemnification; (iii) fines or penalties imposed on the other Party
by any court of competent jurisdiction or any provincial, federal, state or local regulatory agency; or (iv) damages arising out of such
Party’s gross negligence or intentional misconduct.

 

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		16.	Miscellaneous.

 

		16.1.	Entire
Agreement. The Project Documents, including any associated exhibits, appendices or other documents specifically referenced in and
made a part of a Project Document, and the NDA (inclusive of the ISA) and the IP Rights Agreement, constitute the entire agreement between
the Parties with respect to the Work to be performed by Contractor under a Project Agreement and supersede all prior negotiations between
the Parties with respect to the subject matter thereof.

 

		16.2.	Priority of Project Documents. In resolving conflicts, discrepancies, errors or mistakes among the Project Documents the following
order of precedence shall be used: (i) executed Change Orders or Directives; (ii) Project Agreement; (iii) Master Agreement; and (iv)
executed Orders.

 

		16.3.	No Third-Party Beneficiaries. The Project Documents are entered into solely by and between, and may be enforced only by, Target
and Contractor. No Project Document vests any rights in, or to create obligations of a Party directly to, any third-party.

 

		16.4.	Waiver. No provision of a Project Document is waived except pursuant to a writing executed by the Party against whom the waiver
is sought. No waiver will be applicable other than in the specific instance in which it is given. No failure to exercise, partial exercise
of, or delay in exercising any right or remedy or failure to require the satisfaction of any condition under a Project Document operates
as a waiver or estoppel of any right, remedy or condition.

 

		16.5.	Assignment. Contractor may not assign its interest or obligations under this Master Agreement or any of the Project Documents,
in whole or in part, voluntarily or involuntarily, by operation of Law or merger, or in any other manner, without Target’s prior
written consent, which consent shall not be unreasonably withheld. The NDA (inclusive of the ISA) and the IP Rights Agreement do not constitute
interests or obligations under this Master Agreement for purposes of this Section 16.5.

 

		16.6.	Notices. Except as otherwise provided in a Project Agreement, a Party giving any notice required under a Project Document shall
give the notice in writing and shall use one of the following methods of delivery: (i) a nationally-recognized overnight courier, with
such notice effective at the time delivery is shown in the courier’s records; (ii) postage prepaid by registered or certified mail,
return receipt requested, with such notice effective upon receipt or upon the date that delivery is attempted and refused; or (iii) delivered
personally, with such notice effective upon delivery. Notice shall be given to the following address(es):

 

	
    To Target:

     

    Target Corporation

    TCC-3250

    33 South Sixth Street

    Minneapolis, MN 55402

    Attn: VP, Supply Chain Engineering
	
    To Contractor:

     

    Berkshire Grey, Inc.

    10 Maguire Road, Suite 190

    Lexington, MA 02142

    Attn: Tom Wagner, CEO

     

 

With a copy to:

 

Target Corporation

TPS-3155

1000 Nicollet Mall

Minneapolis, MN 55403

Attn: Law Department – Distribution

 

A Party may designate another or different
notice address in a notice given pursuant to this Section.

 

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		16.7.	Facsimile Signatures and Electronic Signatures.

 

		16.7.1.	If any Project Document or any document identified in the Project Documents must be signed by either Party, the signature of that
Party sent by fax or confirmed email will be considered binding and may be relied upon by both Parties.

 

		16.7.2.	Target may establish a procedure by which any one or more of the Project Documents or any document issued under, pursuant to or in
connection with the Project Documents may be signed by one or both Parties using an electronic signature methodology designated by Target
in its sole discretion. In such event, upon written notice to Contractor, Target may require that such documents be executed using such
electronic signature methodology and Contractor’s and Target’s use of such electronic signature methodology will be considered
as binding as an ink or facsimile signature by Contractor or Target and may be relied upon by both Parties.

 

		16.8.	Choice of Law, Jurisdiction, Venue and Waiver of Jury Trial. The Laws of the State of Minnesota, without regard to Minnesota’s
choice of law principles or the choice of law provisions of any other jurisdiction, govern all matters arising out of or related to a
Project Document. The parties agree that the exclusive forum and venue for any legal action arising out of or related to a Project Document
shall be the United States District Court for the District of Minnesota, and the Parties submit to the personal jurisdiction of that court.
If neither subject matter nor diversity jurisdiction exists in the United States District Court for the District of Minnesota, then the
exclusive forum and venue for any such action shall be the courts of the State of Minnesota located in Hennepin County, and the Parties
submit to the personal jurisdiction of that court. TARGET AND CONTRACTOR HEREBY IRREVOCABLY WAIVE THE RIGHT TO TRIAL BY JURY OF ANY DISPUTE
BETWEEN THEM AND ACKNOWLEDGE THAT ANY DISPUTE BETWEEN THEM SHALL BE TRIED TO THAT COURT.

 

		16.9.	Amendment of Project Documents. The Project Documents may be amended by the mutual written agreement of the Parties.

 

		16.10.	Force Majeure Event. Any delay or failure of performance of either Party under any Project Document shall not constitute a
breach or default, or give rise to any claim for damages, if and to the extent that such delay or failure is both: (i) directly caused
by catastrophic natural disaster, war or an act of terrorism; and (ii) beyond the control or ability of the Party to prevent (a “Force
Majeure Event”). In the event a Party intends to invoke this provision, that Party shall provide notice to the other Party as
soon as possible after the occurrence of the Force Majeure Event. Each Party shall exercise commercially reasonable efforts to mitigate
the extent of any delay or failure caused by a Force Majeure Event.

 

		16.11.	Severability. If any of the provisions of a Project Document are held by a court of competent jurisdiction to be unenforceable
or invalid, then such provisions will be ineffective to the extent of the court’s ruling. All remaining portions of the Project Documents
shall remain in full force and effect.

 

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		16.12.	Construction. Each Project Document shall be construed
as if drafted by both Parties and will not be strictly construed against either Party as a result of drafting. The Project Documents
frequently omit modifying words such as “all” and “any” articles such as “the” and “an”
but the fact that a modifier or an article is absent from one statement and appears in another is not intended to affect the interpretation
of either statement. The terms and phrases used in the Project Documents, unless the context otherwise requires, are to be interpreted
as follows: (i) the words “including,” “include” or “includes” mean including without limitation;
(ii) reference to any agreement, appendix, schedule, exhibit, instrument or coverage policy means as such is amended, modified or supplemented,
including by waiver or consent; (iii) reference to any Laws means such Laws, as amended, modified, codified or reenacted, in whole or
part, and in effect from time to time; (iv) reference to any Party includes such Party’s successors and assigns, to the extent
that such successors and assigns are permitted; (v) pronouns in masculine, feminine and neuter genders are to be construed to state and
include any other gender; (vi) the words “will” and “shall” have the same meaning; (vii) unless the context otherwise
requires, all defined terms in the Project Documents include the singular and the plural; (viii) the headings and captions contained
in the Project Documents are for convenience and reference only and in no way define, describe, extend or limit the scope or intent of
the agreements or the intent of any provision of the agreements; (ix) all monetary figures are expressed in currency of the United States
of America (US Dollars); (x) unless otherwise specifically stated, any required “consent” or “approval” shall
not be unreasonably withheld, delayed, or conditioned; and (xi) the term “days” shall mean calendar days unless preceded
by the term “business,” which shall then mean Monday through Friday except for those days designated as a federal holiday
in the United States.

 

		16.13.	Remedies Cumulative. No remedy conferred upon or reserved in favor of any Party by a Project Document excludes any other remedy
provided in a Project Document or existing at Law or in equity. Each remedy is cumulative and in addition to every other remedy.

 

		16.14.	Non-Exclusive. Target does not agree to use Contractor exclusively or to provide any minimum amount of work. Nothing in this
Master Agreement shall be deemed to create a requirements or output contract obligating Target to purchase any particular quantity of
Goods, services or Work from Contractor. Contractor is free to contract to perform similar services for others during the term of this
Master Agreement as long as such other work does not cause Contractor to breach its obligations under the Project Document.

 

[Remainder of page intentionally
left blank]

 

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IN WITNESS WHEREOF,
Contractor and Target have executed this Master Agreement as of the Effective Date.

 

	TARGET CORPORATION	 	BERKSHIRE GREY, INC.
	 	 	 
	/s/ Marv Cunningham	 	/s/ Tom Wagner
	Marv Cunningham	 	Tom Wagner
	VP, Supply Chain Engineering	 	President & CEO

 

 

[SIGNATURE
PAGE FOR MASTER AGREEMENT – AUTOMATED MATERIAL HANDLING SOLUTION]

 

 

26Certain portions of the exhibit have been omitted pursuant to Regulation
S-K Item 601 because they are both (i) not material to investors and (ii) likely to cause competitive harm to the Company if publicly
disclosed, and had been marked with “[***]” to indicate where omissions have been made.

 

PROJECT
AGREEMENT FOR

 

AUTOMATED
MATERIAL HANDLING SOLUTION 

ACQUISITION, INSTALLATION AND IMPLEMENTATION

 

[***]

 

This Project
Agreement for Automated Material Handling Solution Acquisition, Installation and Implementation – [***] (“Project Agreement”),
effective as of January 31, 2018 (“PA Effective Date”), is made and entered into by and between Berkshire Grey, Inc.,
a Delaware Corporation, with offices at 10 Maguire Road, Suite 190, Lexington, Massachusetts 02142 (“Contractor”),
and Target Corporation, a Minnesota corporation, with its principal office at 1000 Nicollet Mall, Minneapolis, Minnesota 55403, including
its subsidiaries and affiliated entities (“Target”). Contractor and Target, each a “Party” and,
collectively, the “Parties”

 

WHEREAS,
Target and Contractor have entered into that certain Master Agreement for Automated Material Handling Solution Acquisition, Installation
and Implementation with an Effective Date of January 31, 2018 (the “Master Agreement”), to arrange for Target’s
acquisition from Contractor of a Solution for installation at one or more Sites and the integration of the Solution with Target’s
systems and other material handling processes and equipment at the applicable Site; and

 

WHEREAS,
Pursuant to the terms and conditions of the Master Agreement, Target desires to acquire from Contractor, and Contractor desires to sell
to Target and to furnish, install and integrate, the Solution (as defined in Section 1.2 below) at the Site (as defined in Section 1.1
below).

 

NOW THEREFORE,
in consideration of the mutual covenants and agreements contained herein, and for other good and valuable consideration, the Parties agree
as follows:

 

		1.	Definitions. For purposes of this Project Agreement:

 

		1.1.	“Site” means the [***]; and

 

		1.2.	“Solution” means the Solution prescribed in this Project Agreement.

 

		1.3.	“Solution Installation Area” means the area within the Site depicted on Appendix
B.

 

		2.	[***] Project Documents. For purposes of this Project Agreement, “Project Documents”
means the following:

 

		2.1.	The Master Agreement;

 

		2.2.	This Project Agreement, including:

 

		2.2.1.	Appendix A (Bill of Materials);

 

		2.2.2.	Appendix B (Scope of Work);

 

		2.2.3.	Appendix C (Project Schedule);

 

		2.2.4.	Appendix D (Acceptance Test Plans; Criteria);

 

		2.2.5.	Appendix E (Solution Materials and Data);

 

		2.2.6.	Appendix F (Specs);

 

		2.2.7.	Appendix G (Operations and Maintenance Criteria);

 

		2.2.8.	Appendix H (Solution Warranty);

 

		2.2.9.	Appendix I (Training Requirements);

 

		2.2.10.	Appendix J (Target Furnished Materials); and

 

		2.2.11.	Appendix K (Compensation and Payment Schedule).

 

		2.3.	Executed Orders;

 

		2.4.	Executed Change Orders;

 

    1

     

    

 

		2.5.	Executed Directives; and

 

		2.6.	The Letter of Understanding – [***] FlexTile Solution, dated December 22, 2017 (“LOU”).

 

 

		3.	Solution and Goods. The Solution, and Goods that compromise the Solution,
including spare parts, shall be as identified on Appendix A (“Bill of Materials”). Contractor is responsible for delivering
the Goods in good working order and condition to the Site, and the costs of such delivery have been included in the Compensation.

 

		4.	Work; Final Acceptance; Documents.

 

		4.1.	Work. The Work to be performed by Contractor with regard to the Solution
and at the Site shall be as set forth on Appendix B (“Scope of Work”). The Project Agreement, the Scope of Work and
the Master Agreement set forth the duties, responsibilities and obligations of each Party with respect to the Work.

 

		4.2.	Project Schedule. The Project Schedule for the Work and the completion of
the Project is as set forth on Appendix C (“Project Schedule”). The Parties agree that the Project Schedule can be
modified by mutual written agreement of the Parties without a formal written amendment to Appendix C. Contractor shall be responsible
for updating the Project Schedule to reflect any modifications agreed to by the Parties, and Contractor shall provide to Target an updated
Project Schedule promptly after the Parties agree to any modification.

 

		4.3.	Acceptance Tests. The Solution shall be subject to the following tests
(each as described and defined on Appendix D; each individually, a “Test”):

 

		4.3.1.	Factory Acceptance Test;

 

		4.3.2.	Site Acceptance Test;

 

		4.3.3.	SET Test;

 

		4.3.4.	Rate Test; and

 

		4.3.5.	Peak Season Stress Test.

 

Each Test shall be validated
and accepted using the Target-prescribed or approved form (“Acceptance Form”). If the results of a Test do not show
that the Test objectives have been met pursuant to the defined acceptance criteria (as identified on Appendix D), Contractor shall: (i)
submit a timing and action schedule to Target, which shall be agreed upon by Target; and (ii) use its best efforts to rectify all deficiencies
identified by such Test, industry standard punch list items excluded (“Solution Deficiencies”), within five calendar
days after the Test or in accordance with the schedule, as applicable. Upon Contractor’s rectification of all Solution Deficiencies,
the Test will be run again and, upon satisfaction, Target shall sign the Acceptance Form.

 

		4.4.	Materials and Documents. Contractor shall provide to Target the Solution
drawings, set-up configurations, materials, documents, specifications (exclusive of the Specs) and data identified in Appendix E and in
the Master Agreement (“Solution Materials and Data”) by the date(s) prescribed in Project Schedule. Contractor will
provide to Target two copies of all Solution Materials and Data. Contractor will provide all drawings on portable digital storage media
in the current release version of AutoCAD file format, and Solution Materials and Data on digital storage media.

 

		4.5.	Specs. The Specs for the Goods shall be as set forth on Appendix F.

 

		4.6.	Storage of Goods. Upon the arrival of Goods at the Site, Contractor shall
store the Goods in the Solution Installation Area.

 

    2

     

    

 

		5.	Contractor Obligations.

 

		5.1.	Performance of Work.

 

5.1.10.
No Delay. For purposes of this Project Agreement, any delay or failure of performance by Contractor with respect to the Project
arising out of, or resulting from: (i) union activity or labor harmony issues, or (ii) Contractor’s inability to obtain a Required
Approval or Permit, that are outside of Contractor’s reasonable ability to control shall constitute an Excusable Delay.

 

		5.2.	Site Security. Notwithstanding Sections 2.4.3.3., 2.8.2.4 and 8.2 of the
Master Agreement, Contractor shall not be responsible for providing security with regard to the Solution Installation Area and the ingress
and egress paths thereto.

 

		5.3.	Solution Operation and Maintenance.

 

		5.2.1	Operation
and Maintenance Period. For a six month period following the date of First Beneficial Use (“Operation and Maintenance Period”),
Contractor shall operate and maintain the Solution. The duties and obligations of Contractor in operating and maintaining the Solution
during the Operation and Maintenance Period, and the number of Workers that will be provided by Contractor to operate and maintain the
Solution, including title and responsibilities, shall be as set forth on Appendix G. For purposes of this Project Agreement, “First
Beneficial Use” means the date Target retail goods are first shipped out of the Site to Target stores (“Stores”)
using the Solution, which date shall be determined based on the Project Schedule.

 

		5.2.2	Post-Operation and Maintenance Period. Prior to April 1, 2018, and in accordance
with Appendix G, the Parties will negotiate one or more technical support agreements pursuant to which Contractor shall perform software
and other Solution maintenance and support services for the Site.

 

    3

     

    

 

		5.3	Warranties.

 

		5.3.1	Solution Warranty. Contractor warrants that the Solution will operate as
described in Appendix H (“Solution Warranty”). The Solution Warranty contained in Appendix H shall be the sole and
exclusive warranties with respect to the Solution.

 

		5.3.2	Warranty Period; FlexTile Warranty Period. The Solution Warranty, and Contractor’s
warranties with respect to the Goods and the Work set forth in the Master Agreement, shall apply for a one-year period, commencing on
the date of First Full-Scale Live Use (“Warranty Period”). Notwithstanding the foregoing, Contractor warrants that
the surface material of the Goods which are FlexTiles shall not wear or degrade under normal use in a manner that hinders the performance
of the Solution for a three-year period commencing on the date of First Full-Scale Live Use (“FlexTile Warranty Period”).
For purposes of this Project Agreement, “First Full-Scale Live Use” means the date the Solution is first used to handle
Target retail goods shipped from the Site to the Stores on a full-scale basis (i.e., to all 15 Stores supported by the Site at such date),
which date shall be determined based on the Project Schedule.

 

		5.3.3	Repair and Replacement. During the Warranty Period and FlexTile Warranty
Period, as applicable, Contractor will replace or repair defective Work, Goods or other components of the Solution, FOB Site; provided
Contractor is given: (i) written notice of a claimed defect; and (ii) access to the Goods or other components of the Solution, as applicable,
for purposes of inspection of the claimed defects. Contractor’s warranty obligation also includes installation labor at no charge
to Target.

 

		5.3.3.1	Limitation. Contractor’s warranty obligation to repair or replace
as set forth in Section 5.3 does not apply to: (i) any Work or Goods damaged by overloading, exposure to corrosive or abrasive substances
or abnormal dampness or other abuse, misuse, neglect, or accident, unless caused by Contractor, Subcontractors or by service providers
approved by Contractor; (ii) any Work, Goods or other components of the Solution that have been improperly installed, adjusted, operated,
maintained, repaired, modified, or altered by persons other than Contractor, Subcontractor or by service providers approved by Contractor;
(iii) any losses caused by a Force Majeure Event; (iv) normal wear and tear; (v) Target-Performed Work (or losses caused by the same),
(vi) Target-Provided Documents (or losses caused by the same), (vii) Target Furnished Materials (or losses caused by the same), or otherwise
related to Target’s (including Non-Contractor Resources) execution of work (or losses caused by the same); or (viii) work performed by
Target representatives or Non-Contractor Resources (or losses caused by the same).

 

		5.3.4	Remedies. In case of a breach of a warranty with regard to the Work, Goods
or Solution, in addition to the obligations set forth in Sections 13 of the Master Agreement, Contractor will, as its sole obligation
or liability to Target: (i) procure for Target the right
to continue to use the affected Work, Goods or other components of the Solution; (ii) rework, replace or modify the affected Work, Goods
or other components of the Solution so that they conform with the warranty; or (iii) if Contractor is unable to do either of the foregoing
on a commercially reasonable basis, refund the Compensation paid by Target for the affected Work, Goods or the Solution.

 

    4

     

    

 

		5.3.5	Application to Master. Notwithstanding anything contained in this Project
Agreement or the Master Agreement to the contrary, all limitations and restrictions set forth in this Section 5.3 shall apply to the warranties
set forth in the Master Agreement, except for those set forth in Section 10 thereof.

 

		5.4	Training Target Personnel. On or before October 1, 2018, Contractor shall
conduct training sessions and distribute training materials to Target personnel as set forth on Appendix I (“Training Requirements”).

 

		5.5	Subcontractors. Except as set forth in Section 2.5.2.1 of the Master Agreement,
and provided Contractor otherwise meets the requirements set forth in Section 2.5 of Master Agreement, Contractor shall, in its sole discretion,
decide which Subcontractors (Union or otherwise) to engage for the Project. Further, if a Union Subcontractor is selected and is unable
to work required time (including overtime) necessary to meet the Project Schedule, Contractor reserves the right to hire additional (or
otherwise replace) Subcontractors (Union or otherwise) in accordance with Section 2.5 of the Master Agreement.

 

		6.	Target’s Obligations.

 

		6.1.	Solution Installation Area Preparation. Target will clear the Solution
Installation Area, remove all obstructions, and make all mutually agreed building alterations in a manner satisfactory to Contractor before
installation of the Solution starts. Target will furnish, without charge, internet (including wireless connectivity), adequate power,
compressed air, water, light, heat, and restroom facilities. Target will shall also provide dock space for one trailer.

 

		6.2.	Target Furnished Materials. Target Furnished Materials are identified in Appendix J.

 

		6.3.	Solution Testing Support. Target will furnish required products, data, facilities,
manpower and equipment to support testing of the Solution, including validation, during the Project.

 

		6.4.	Cooperation and Approvals. All work to be performed by Target, including
approval or authorizing the Work, shall be completed by Target in a timely manner and in accordance with Appendix B and the Project Schedule.
Contractor shall timely provide Target with Project status reports (“Status Reports”) throughout the course of the
Project which shall define any work to be completed by Target that may impact the overall Project Schedule. Target shall make all reasonable
efforts required to fulfill Target’s obligations so as to not negatively impact the Project Schedule or Contractor progress. In
the event Target does not agree with any information contained in a Status Report, Target shall, within five business days after receipt
of the Status Report, notify Contractor of the same in writing. Where Target and Contractor disagree on information contained in a Status
Report, both Parties shall take all reasonable and customary steps to resolve the issue.

 

		6.5.	Change Orders and Directives. The Parties agree that all changes in the
Work to be performed pursuant to this Project Agreement shall be made pursuant to the Change Order and Directive process set forth in
Section 1.2.1 of the Master Agreement. No delays in the Project Schedule may be caused by either Party for unreasonably withholding the
timely approval of a Change Order. Target acknowledges that additional charges may be made by Contractor to cover any unforeseen or unusual
cost elements resulting from a Directive or Change Order requested by Target that have not been contemplated by Contractor or Target,
including but not limited to overtime work authorized by Target or necessitated by the Project Schedule, or any other special requirements
or circumstance.

 

		7.	Compensation.

 

		7.1.	Amount. As Compensation for the Work, Goods and the other components of
the Solution, Target shall pay Contractor an amount [***]. The Goods and Work and other services for which the Compensation is
due and payable shall be as set forth on Appendix K. The Parties agree and acknowledge that, pursuant to the LOU, Target paid to Contractor
an amount [***] (“Pre-Spend”) to commence the Work, including Contractor’s arrangement of the production
of the Goods, leaving an amount of residual Compensation to be paid by Target to Contractor after the PA Effective Date [***] (as
may be adjusted in accordance with executed Change Orders and Directives) (such amount, the “Remaining Compensation”).

 

    5

     

    

 

		7.2.	Remaining Payment Schedule. The Remaining Compensation shall be paid in
accordance with the payment schedule set forth on Appendix K.

 

		8.	Invoices and Payment.

 

		8.1.	Invoices.

 

8.1.10.
   Timing. Contractor shall submit Invoices for payment in accordance with the Project Schedule milestones (“Milestones”),
as the same is set forth in Appendix C. Contractor may submit an Invoices for a Milestone only after Contractor’s attainment of
the Milestone in accordance with Appendix C (“Milestone Attainment”), which shall be determined by the Parties in
good faith.

 

		8.2.	Payment.

 

		8.2.10.	Timing. Remaining Compensation shall be paid in accordance with the amounts
set forth with respect to the Milestones.

 

		8.2.11.	No Obligation to Pay. Target has no obligation to pay an Invoice for a Milestone
until there has occurred Milestone Attainment.

 

		9.	Contractor Liability.

 

		9.1.	Target Resources. In the event Contractor fails to maintain the Project
Schedule for any reason other than an Excusable Delay, Contractor shall reimburse Target for an amount equal to the reasonable and unavoidable
costs incurred by Target either directly or through Non-Contractor Resources with regard to Target duties, obligations or rights with
respect to:

 

		9.1.10.	the Work, including, without limitation, inspection, Tests and otherwise supporting
the Project Schedule and the attainment of Milestones (“Project Schedule Support Resources”); provided, Contractor’s
obligation to reimburse Target for Project Schedule Support Resources is subject to: (i) [***] (ii) [***]

 

		9.1.11.	supporting the fulfillment of orders to Stores manually in the event of a failure
to attain the prescribed Milestone Date for the First Full-Scale Live Use until such period as First Full-Scale Live Use is attained.

 

		10.	Title. Except as otherwise set forth in the IP Rights Agreement,
free and clear title to the Solution and all Goods and to the Solution Materials and Data shall pass to Target upon Contractor’s
receipt of the Remaining Compensation.

 

		11.	Term and Termination.

 

		11.1.	Term. The term of this Project Agreement commences on the PA Effective Date and continues until
the date six months after First Beneficial Use.

 

		11.2.	Termination. This Project Agreement may be terminated as provided in Section 6 of the Master
Agreement.

 

		12.	General.

 

		12.1.	Entire
Agreement.The Project Documents, including any associated exhibits, appendices or other documents specifically referenced in and
made a part of a Project Document, the NDA (inclusive
of the ISA) and the IP Rights Agreement, constitute the Parties’ entire agreement with regard to the subject matter thereof. All
prior and contemporaneous negotiations and documents, whether oral or written, between the Parties with regard to the subject matter of
the Project Documents are expressly superseded by the Project Documents.

 

		12.2.	Capitalized Terms. The capitalized terms used herein that are not defined
in this Project Agreement have the meaning given them in the Master Agreement.

 

		12.3.	Incomplete Appendices. With respect to Appendices that are incomplete as
of the PA Effective Date, the Parties shall work in good faith and on a best efforts basis to complete such Appendices; provided, a delay
in failing to agree to the criteria for a Test in Appendix D by the date set forth in the Project Schedule for such Test shall constitute
an Excusable Delay.

 

[Remainder of page intentionally left blank]

 

    6

     

    

 

IN WITNESS WHEREOF, Contractor
and Target have executed this Project Agreement as of the PA Effective Date.

 

	TARGET CORPORATION	 	BERKSHIRE GREY, INC.
	 	 	 
	/s/ Marv Cunningham	 	/s/ Tom Wagner
	

        Marv Cunningham 

        VP, Supply Chain Engineering
	 	Tom Wagner President & CEO

  

    7

     

    

 

Appendix A 

 

Bill of Materials

 

 

	System Component	 	Part Number	 	Quantity
	AutoPick	 	100300	 	[***]
	Manual Pick	 	 	 	[***]
	Picking	 	100149	 	[***]
	QA, Problem Solving and Consolidation	 	100154	 	[***]
	FlexFeed – Adjacent to Bulk Storage	 	 	 	[***]
	IVC and VCP Induction	 	100171	 	[***]
	IVC Discharge	 	100195	 	[***]
	Spare	 	100628	 	[***]
	FlexFeed – Adjacent to Trailer Docks	 	 	 	[***]
	Cart Building Discharge	 	100164	 	[***]
	Empty OBC Induction	 	100633	 	[***]
	Spare	 	100628	 	[***]
	FlexFeed – QA, Problem Solving and Consolidation	 	100614	 	[***]
	FlexBot	 	100175	 	[***]
	FlexBot Changing Stations	 	100186	 	[***]
	FlexTile Storage Locations	 	100606	 	[***]
	FlexTiles, 2x4 Tile Panel	 	100159	 	[***]
	Hardware	 	 	 	 
	TBD	 	 	 	 
	Other Equipment	 	 	 	 
	TBD	 	 	 	 

 

	TARGET CORPORATION	 	BERKSHIRE GREY, INC.
	 	 	 
	Marv Cunningham	 	Tom Wagner President & CEO
	VP, Supply Chain Engineering	 	 

 

    8

     

    

 

Appendix
B

 

Scope of Work

 

		1	Intentionally Left Blank

 

		2	Introduction

 

[***]

 

Grey’s

 

[***]. Grey’s [***] Grey’s
[***] Grey’s [***].

 

“random access”

 

[***]

 

    9

     

    

 

 A world-class team. Berkshire Grey’s
technology traces its technical lineage through many lifetimes of work on perception, planning, sensor fusion, generalized artificial
intelligence, learning, and related disciplines.

 

Founded by the former CTO of iRobot, Tom Wagner, Berkshire
Grey is venture-backed with a world-class technical team that includes expertise from Amazon Robotics, Kiva Systems, ReThink Robotics,
iRobot, Honeywell, BAE Systems, HandHeld Products, MarkForged, Cognex, IBM, Microsoft, Oracle and leading academic institutions and labs
such as Carnegie Mellon University, MIT, and the University of Pennsylvania. With development teams located in Boston and Pittsburgh,
we have placed ourselves in two major automation hubs in the US and in proximity to leading educational institutions. We have produced
robot products that meet rigid industrial and military specifications and have obtained FDA approval for robotic systems. We know howto
create real-world products that incorporate leading-edge technology and operate in challenging environments. 90% of our technical team
have advanced degrees in robotics, artificial intelligence, or other forms of engineering. Our background includes over 25 commercial
products and product revenue in thebillions – revenue generated by producing value for our customers.

 

Berkshire Grey brings unique abilities in artificial intelligence
and robotics to automate

 

Target’s vision of each- based replenishment.
The Berkshire Grey solution easily scales and this will drive as much value as possible around reduced labor costs, higher productivity,
reduced inventory costs, enhanced operational agility and higher customer satisfaction. The value of the Berkshire Grey solution will
only increase the longer it is in operation due to continuous performance improvements driven by our GreyMatter artificial intelligence.

 

 

 

    10

     

    

 

[***]

 

		3.3	Human Interactions

 

This section describes all major
interactions between Target team members and the FlexTile system. [***]

 

    11

     

    

 

		4	Peak [***] System Proposal

 

This section proposes an installation of a Berkshire
Grey (BG) FlexTile solution that automates the outbound portion of the [***] during its peak volume in

 

[***]

 

    12

     

    

 

	System Component	 	Quantity
	AutoPick	 	  [***]
	ManualPick	 	  [***]
	Picking	 	  [***]
	QA, Problem Solving, and Consolidation	 	[***]
	FlexFeed – Adjacent to Bulk Storage	 	[***]
	IVC and VCP Induction	 	[***]
	IVC Discharge	 	[***]
	Spare	 	[***]
	FlexFeed – Adjacent to Trailer Docks	 	[***]
	Cart Building Discharge	 	[***]
	Empty OBC Induction	 	[***]
	Spare	 	[***]
	FlexFeed – QA, Problem Solving, and Consolidation	 	[***]
	FlexBot	 	[***]
	FlexBot Charging Stations	 	[***]
	FlexTile storage locations	 	[***]
	FlexTiles	 	[***]

 

[***]

 

While the above component quantities should be sufficient
to handle the projected peak [***] volume, it is possible to augment the system with additional [***] or [***] without changing
the high-level system footprint. [***]

 

Berkshire Grey stands by our calculations and system
performance and will add [***] stations (at Berkshire Grey expense) as needed to ensure the FlexTile system meets Target’s throughput requirements [***].
However, if Target changes throughput specifications or any other design parameters that cause a need for larger FlexTile system, then
Berkshire Grey will work with Target on a change order.

 

    13

     

    

 

[***]

 

    14

     

    

 

		4.6.2	Maintenance Cage and Work Area

 

Berkshire Grey requests a work area and maintenance
cage inside the facility. The maintenance cage serves as a storage area for Berkshire Grey’s tools, spare parts, and maintenance
carts.

 

The work area includes Berkshire Grey-provided workstations
to serve as Berkshire Grey’s on- premises headquarters for commissioning and operational support. Both areas combined require a
total of 800 square feet of floor space (approximately 20’ x 40’), 120 V AC power, and access to the facility network.

 

In [***], this area should be
located adjacent to the system. Berkshire Grey suggests placing this area in the [***] expansion area to avoid interfering with
[***] operations. Proximity to the [***] system is important because Berkshire Grey is responsible for commissioning and maintenance
during peak [***] operation.

 

In [***], the Berkshire Grey maintenance cage and work
area could be relocated to make room for the expanded system. The work area could potentially be moved inside on-premises office space
or relocated to the periphery of the facility. The maintenance cage could be merged with Target’s facility maintenance cage or relocated
similarly. [***].

 

		4.6.3	Cameras

 

As a mechanism to monitor the
operation of the FlexTiles system, Berkshire Grey will utilize high-resolution panoramic cameras at regular intervals on the ceiling
[***] above the system. Berkshire Grey will utilize a camera on each [***] station for monitoring.

 

The figure below denotes the candidate
locations of ceiling-mounted cameras as orange circles:

 

    15

     

    

 

[***]

 

Target will provide panoramic
cameras for [***] monitoring, similar to the [***]. Target
is responsible for providing power/data feeds, installation and maintenance of all ceiling and station mounted cameras.

 

Target will provide Berkshire
Grey with access to these camera video feeds. Berkshire Grey will comply with Target’s data retention policies. Berkshire Grey can
accept masked video feed to obscure the identity of Team Members in ManualPick and FlexFeed stations.

 

[***]

 

    16

     

    

 

Berkshire Grey will have endpoint security controls
(e.g. Anti-Virus software) deployed on all OS. Security vulnerabilities will be remediated according to Target’s finding management schedule
(30 days for Critical, 90 days for High, 180 days for Medium, and 360 days for Low findings), or commensurate to risk.

 

    17

     

    

 

		4.8	Computing Architecture

 

[***]

 

    18

     

    

 

The aboveconfiguration may change during firm engineering.
If Target requests additional capacity or requires a different configuration, the system price will increase through a change order process.

 

		4.8.2	Access Control

 

Berkshire Grey software and hardware components will
incorporate access control (i.e. authentication and authorization) for all types of web/network communications. However, this only applies
to devices on the Target network [***].

 

		4.8.3	Power Disruption Mitigation

 

All computer hardware is backed by Target facility
wide UPS. Berkshire Grey expects that UPS power does not experience a significant time delay in event of power outage, e.g. during the
switch to a backup generator. If back-up generator is incapable of powering the entire [***] solution, Berkshire Grey request to be
provided with a signal that indicates outage, Berkshire Grey will then initiate a controlled shut-down sequence.

 

Berkshire Grey will work with Target to define full
system power requirements and a specification for the transition from UPS to back-up generators.

 

		4.8.4	Disaster Recovery

 

[***]. The location of containers within the [***] solution is stored in the operational database utilizing industry best
practices (e.g. mirroring and replication) to avoid data loss in the event of a disaster.

 

		4.8.5	Software Development Practices

 

Berkshire Grey abides by industry standard software
development practices. Berkshire Grey will socialize our standards and polices regarding rollback, release notes, code management., patching,
fault recovery, etc. with Target. Berkshire Grey will work with Target to comply with Target standards.

 

[***]

 

    19

     

    

 

		4.11	Metrics
                                            and Reporting API

 

The
[***] system collects and stored internal diagnostic data from each component. This information can be made available through an
Ethernet TCP or UDP sockets-based metrics and reporting API that facilitates the query of data related to the ongoing performance of
the system.

 

The
API can either provide an event stream of logged notifications from system components which can feed a data aggregation platform [***]
or internally collate this stream to a self- or externally-hosted database.

 

In
a self-hosted database solution, Berkshire Grey will also provide database servers for installation into Target- provided rack space
in an equipment room at the facility. During installation and commissioning, Target will provide Berkshire Grey personnel physical access
to these servers for the purposes of setup and provisioning.

 

In
an externally-hosted database solution, Target will provide a hosted database service selected in collaboration with Berkshire Grey.
Target will be responsible for the availability of this service to both the FlexTiles system and clients of the metrics and reporting
API.

 

Berkshire
Grey will work with Target teams to select an event stream or database hosting solution that meets their needs.

 

[***]

 

	[***] Reporting Rates
	Transfer
    Events	[***]
	Audit
    Imagery	[***]
	[***]
    Reporting Rates
	Motion
    Traversal Events	[***]
	Inbound/Outbound
    Feed Events	[***]

 

    20

     

    

 

If
all streams are being aggregated, this yields a cumulative system data generation rate of approximately [***]. For a nominal [***], this
would require a disk storage volume of [***], while a [***].

 

		4.12	Human-Machine
                                            Interfaces

 

Berkshire
Grey will provide the human-machine interfaces and scanners necessary to interact with [***] stations. Target is responsible
for providing HMIs and scanners for other operations in the Flow Center, including [***] and [***] used for loading the containers produced by the [***] system onto trailers.

 

As
a reference, here are example part numbers that Berkshire Grey would consider for these tasks:

 

[***]

 

This
information is only intended to provide Target with context for the classes of HMI devices that will be incorporated into the system.
Exact component selection may change.

 

		4.13	Startup,
                                            Shutdown, and Operation Procedures

 

The
[***] system is designed to quickly startup and begin operation with minimal operator intervention. The system is designed to be
modular, such that the overall system can continue to function even if a station or section of the [***] is disabled (e.g. for
maintenance).

 

This
system describes the high-level procedures required to operate the system. The procedures described in this section are for illustrative
purposes only. Berkshire Grey will work with Target to develop a set of procedures that both meet the system’s operational needs
and comply with both organizations’ safety standards.

 

[***]

 

    21

     

    

 

		4.13.8	Fire
                                            Event

 

In
the event of a fire emergency, the system will trigger a system-wide emergency stop when it receives a signal from the facility. In fire
emergencies that do not involve water flow, the system may briefly attempt to clear lanes in the system by moving [***]
before reverting to a global emergency stop enforced by a fixed timeout [***]. The system will remain in this
state until the fire condition is removed, at which point the system can be resumed as per the above emergency-stop recovery procedure.

 

		4.13.9	[***]
                                            Operational Maintenance

 

Maintenance
[***] is possible without overall system operation using [***]

 

		4.13.10	Station
                                            Operational Maintenance

 

Maintenance
of stations [***] is also possible without halting overall system operation using [***] mode.
Trained maintenance personnel can transfer a station into maintenance mode using the following procedure.

 

[***] 

 

    22

     

    

 

		4.14	Safety

 

At
Berkshire Grey, we take the safety of our personnel and our customers very seriously. We draw upon decades of experience in the industrial,
aerospace, defense, and automotive industries to bring a tried and true safety methodology and mindset to everything we make and do here
at Berkshire Grey. This begins with the way we approach design and continues through formal assessment and verification activities. We
also believe that the safest systems are the result of open and cooperative discussion among all stakeholders on a project.

 

This
system shall be designed and verified to comply with applicable OSHA, RIA, ANSI, NFPA, IEC, ISO safety standards that have been released
and published, including:

 

	 	-	OSHA
(29 CFR 1910)
	 	 	 
		-	ANSI/RIA
                                            15.06

 

		-	ANSI
                                            B11.19

 

		-	ANSI
                                            B11.20

 

		-	ANSI/ASSE
                                            Z244.1

 

		-	ANSI/ASME
                                            B20.1

 

		-	NFPA
                                            70

 

		-	NFPA
                                            70E
	 	 	 
	 	-	[***]

 

Berkshire
Grey shall perform  [***] Analysis using the approved ANSI/RIA methodology in order to inform the design of the safety systems.
The results of this analysis will be provided to a third party designated by Target so that said third party may perform a formal Risk
Assessment with Berkshire Grey and Target personnel present. In order to ensure a truly objective [***] Assessment [***] we recommend
Target select the providers, schedule and pay for the assessments.

 

Using
internal resources, Berkshire Grey will perform all other mandated safety analyses, including Job Safety and Safety Hazard. Results of
these analyses will be shared with Target. In addition, Berkshire Grey will ensure that all personnel are trained in and compliant with
Target approved policies regarding PPE, lockout/tagout, and general site safety.

 

		4.14.1	Emergency
                                            Stops

 

Berkshire
Grey shall design, implement, and install all safety components to the system, including all
e-stops as mandated by the safety specifications listed in this proposal. Correct operation of these systems will be verified as part
of the system testing.

 

    23

     

    

 

		4.14.2	Noise
                                            Exposure

 

The
system will be designed to limit noise at operator workstations to [***] or less. Berkshire Grey will verify these measurements as part
of a system test before going live.

 

For
maintenance workers who are not assigned to a specific work station, Berkshire Grey will perform personal noise sampling once the system
is operational. In the unexpected event that maintenance activities expose workers to higher sound levels than [***] Berkshire Grey
will introduce mitigating equipment (e.g. sound baffles, noise reduction enclosure).

 

		4.15	Warranty

 

During
the Warranty Period or FlexTile Warranty Period [***] as applicable, Berkshire Grey will log any repairs or part replacements, but
any such repairs or replacement will not extend or restart the Warranty Period or FlexTile Warranty Period, as applicable. After the
Warranty Period or the FlexTile Warranty Period, as applicable, any repairs or replacements performed by Berkshire Grey or Berkshire
Grey’s representatives shall be warranted for a period of twelve (12) months, so long as the system being repaired is in
compliance with recommended preventative maintenance schedules.

 

		4.16	Maintenance
                                            & Support Services

 

Berkshire
Grey will operate and maintain the FlexTile system at [***] for Target for the first six (6) months of operation. During that time, Berkshire
Grey will log and track all maintenance issues and corrective actions using  [***] Berkshire Grey shall meet with designated Target personnel quarterly to review system maintenance status
and prepare long term maintenance and support options for Target after the first six (6) months of operation is complete.

 

		4.16.1	Warranty
                                            Services - Hardware

 

If
any supported Hardware becomes inoperable under normal use and in compliance with the preventative maintenance, Berkshire Grey will either
repair the supported Hardware or replace it during the Warranty Period.

 

		4.16.2	Preventative
                                            Maintenance Service

 

Berkshire
Grey will offer preventative maintenance services for the [***] of operation per the recommended preventative maintenance schedule:

 

[***]

 

		▪	Visual
                                            inspection -- look for wear on arms, [***] and any moving parts
	 	 	 
		▪	Cleaning
	 	 	 
		▪	Remove
any foreign objects or inventory from under and [***]
	 	 	 
		▪	Visual
                                            inspection -- look for wear on arms, [***] and any moving parts
	 	 	 
		▪	Cleaning
	 	 	 
		▪	Remove
                                            any foreign objects or inventory from under and around machinery
	 	 	 
		▪	Check
FlexBots for any signs of wear and ensure that wheels [***]
	 	 	 
		▪	Visual
                                            inspection -- look for wear on arms, [***] any moving parts

 

    24

     

    

 

		▪	Cleaning
	 	 	 
		▪	Remove
                                            any foreign objects or inventory from under and around machinery
	 	 	 
		▪	Check
                                            FlexBots for any signs of wear and ensure that wheels [***] are actuating easily
	 	 	 
		▪	Check
                                            wear on [***]  cup and replace if necessary
	 	 	 
		▪	Check
calibration and [***]
	 	 	 
		▪	Visual
                                            inspection -- look for wear on arms, grippers, hoses, and any moving parts
	 	 	 
		▪	Cleaning
	 	 	 
		▪	Remove
                                            any foreign objects or inventory from under and around machinery
	 	 	 
		▪	Check
                                            wear on [***] cup and replace if necessary
	 	 	 
		▪	Check
                                            hose assembly; replace if worn or cracked
	 	 	 
		▪	Check
                                            gripper assembly; replace if worn, bent, or damaged
	 	 	 
		▪	Check
                                            [***]; replace if damaged or worn
	 	 	 
		▪	Clean
                                            and check primary perception
	 	 	 
		▪	Recalibrate
                                            robot arm / primary perception if required
	 	 	 
		▪	Check
                                            FlexBots for any signs of wear and ensure that wheels and pivots are actuating easily
	 	 	 
		▪	Test
                                            FlexBot batteries; replace if required

 

		4.16.3	Non-Warranty
                                            Services

 

If
any supported Hardware becomes inoperable as a result of non-compliant use or mis- treatment by Target personnel, Berkshire Grey will
either repair the supported Hardware or replace it at Target’s expense. Target will pay for parts at catalog price and will pay
for labor per the current Berkshire Grey rate sheet.

 

		4.16.4	Service
                                            Priority Table

 

Berkshire
Grey will respond to identified issues within the response time frame indicated below and work diligently to provide a remedy to requests
for assistance. Target will grant Berkshire Grey and Berkshire Grey contractors necessary access to the Supported Software and/or Supported
Hardware in order to provide maintenance and resolve any problems. Access to the Software will include both physical and remote network
access to all systems running the supported software.

 

	Priority	 	 	 	Estimated

 Response 

Time	 	Berkshire Grey Action	 	Goal 

Resolution 

Time ¥
	1 Critical	 	 	 	[***]	 	Work continuously	 	[***]
	2 High	 	 	 	[***]	 	Work continuously	 	[***]
	3 Moderate	 	 	 	[***]	 	Work as necessary during Business Hours	 	[***]
	4 Low	 	 	 	[***]	 	Work opportunistically	 	[***]

 

¥
This is not a guaranteed resolution time, but a business standard that Berkshire Grey strives toward.

 

    25

     

    

 

Priority
Definitions

 

		●	Priority
                                            1 “Critical”: An incident that causes either (i) complete work stoppage for a
                                            Critical Service, which could or is causing major productivity, or financial impact.

 

		●	Priority
                                            2 “High”: An incident that creates restricted workflow for a Critical Service
                                            or complete work stoppage for a Non-Critical Service, which could cause or is causing significant
                                            productivity and/or financial impact.

 

		●	Priority
                                            3 “Moderate”: An incident that creates restricted workflow for a Non-Critical
                                            Service, causing minor localized productivity or financial impact.

 

		●	Priority
                                            4 “Low”: An incident that has a minimal operational impact.

 

Berkshire
Grey and Target will work together to schedule planned downtime, maintenance periods and other system outages consistent with Target’s
business needs and the scope of such required maintenance or other planned activities that require downtime.

 

		4.16.5	Remote
                                            Connectivity

 

Berkshire
Grey will require remote access to the [***] system while supporting commissioning and maintenance of the system. [***] system must be provided to key Berkshire Grey project personnel. This access may be facilitated
via existing remote access protocols [***], provided [***].

 

		4.16.6	Ceiling
                                            Maintenance Access

 

Berkshire
Grey can facilitate ceiling access via a powered industrial truck (PIT), provided by Target, to any point above the FlexTile system during
the four hours of system downtime each night.

 

To
clear a path of entry for PIT equipment, [***] can be removed and moved aside using a Target provided forklift equipped with a BG-provided
fork extender. First, all [***] in the required access patch must be unlatched, except for those that are to be lifted as a pair.
The forklift then removes pairs of [***] and sets them aside outside the [***] system.

 

After
the path is clear, any necessary PIT equipment can enter to access the ceiling. After ceiling access is no longer needed, the forklift
lifts and replaces each pair of [***]. Then, the [***] are latched back in place.

 

The
maximum amount of time this procedure – including both removing and replacing [***]

 

–
will take [***]. This is based on the worst-case assumption of accessing the ceiling above the center of the [***]

 

This
ceiling access strategy will be revisited in [***].

 

		4.16.7	FlexBot
                                            Maintenance

 

Routine
FlexBot and system maintenance [***] occurs during nightly downtime. If a FlexBot becomes inoperable on the field or a fault occurs,
[***]

 

Later,
a trained member of the maintenance team may issue a maintenance-stop (using the procedure described above) and enter the system to retrieve
the FlexBot. [***] Beyond this, Berkshire Grey
will conduct ergonomic reviews and risk assessment of lifting operations toensure limited risk of injury to maintenance personnel from
this operation.

 

    26

     

    

 

		4.16.8	Dust-Removal
                                            Maintenance

 

During
the operation of the system, particulate matter is naturally generated by the corrugated products being processed. While all components
of the system are rated against dust exposure, over time the accumulation of dust on system components will degrade performance.

 

Berkshire
Grey recommends a periodic dust removal schedule organized by the maintenance zones of the [***]. Near the end of daily system
operation, a zone can be selected for general dust removal and spot cleaning. This zone can be purged and put into maintenance mode prior
to the end of the day, and maintenance personnel can enter the zone with portable vacuums [***] to remove dust from the shelves and tiles. This rotation will ensure that all modules are cleaned of particulate dust
approximately once per month.

 

		4.16.9	Recommended
                                            Spares

 

Berkshire
Grey will, at its own expense, maintain a pool of spare parts on site to facilitate rapid preventative maintenance and repair operations
during the [***] time period that Berkshire Grey is operating and maintaining the system. Any parts pulled from this pool for Warranty
repairs will be replaced by Berkshire Grey at its own expense. Any parts pulled from this pool for non-Warranty repairs will be replaced
at Target’s expense.

 

At
the end of the [***] of operation, Target may choose to purchase the following parts that will be held in inventory at [***] site. These
items will be utilized for system repair and preventive maintenance operations. The purpose of the purchase will be to eliminate supplier
lead-times and have the parts readily available if needed. Recommended spares pricing is included below.

 

	Recommended Part Description	 	Suggested

 Qty On-Hand	 	Projected

    Maintenance 
 Labor (hours)
	Gripper Tool Tip Assembly	 	[***]	 	[***]
	Gripper Hose Assembly	 	[***]	 	[***]
	Valve Assembly	 	[***]	 	[***]
	Gripper Assembly	 	[***]	 	[***]
	Blower	 	[***]	 	[***]
	AutoPick IVC Perception Module	 	[***]	 	[***]
	AutoPick OBC Perception Module	 	[***]	 	[***]
	AutoPick Robotic Arm (with controller)	 	[***]	 	[***]
	FlexBot Drive / Pivot Assembly	 	[***]	 	[***]
	FlexBot Wheel Assembly	 	[***]	 	[***]
	FlexBot Container Carry Assembly	 	[***]	 	[***]
	FlexBot Chassis Assembly	 	[***]	 	[***]
	FlexBot Electrical Assembly	 	[***]	 	[***]
	FlexBot Battery	 	[***]	 	[***]
	FlexTile Track	 	[***]	 	[***]
	FlexTile Shelf	 	[***]	 	[***]
	FlexFeed Drive Assembly	 	[***]	 	[***]
	AutoPick Compute Appliance	 	[***]	 	[***]
	ManualPick Compute Appliance	 	[***]	 	[***]
	FlexField Orchestration Compute Bundle	 	[***]	 	[***]

 

    27

     

    

 

		5	Site
                                            Prep Overview

 

		5.1	Installation
                                            / Infrastructure Requirements

 

The
[***] system is designed to require minimal modifications to facility infrastructure. Berkshire Grey requests the following accommodations
be made for swift and accurate installation and maintenance of the [***] system.

 

		5.1.1	Delivery
                                            Requirements

 

Target
will provide access to one or more dock bays at the facility reserved for Berkshire Grey use when receiving Berkshire Grey equipment.
These docks must accommodate standard height 53’ semi-trailers and be equipped with dock plates. During equipment delivery, Target
facility personnel will allow and directing deliveries to the appropriate dock. Target will either provide equipment and personnel to
unload and stage palletized shipments to the system installation area, or provide Berkshire Grey with access to bring in equipment and
personnel to do the same.

 

During
equipment delivery, Target will provide an un-occluded pathway at least 15’ wide connecting one or more dock doors to the location
of the system installation. Target will limit traffic along this pathway during the delivery window to facilitate the movement of Berkshire
Grey equipment.

 

		5.1.2	Wiring
                                            Requirements

 

Electrical
power and Ethernet data wiring is required for each major component of the [***] system. Electrical circuits for the Berkshire Grey
system must be isolated from other facility equipment. For maintenance purposes, these circuits should be terminated at panels to which
Berkshire Grey maintenance personnel are provided access. Note that this access may be more convenient if FlexTile equipment is terminated
to a separate panel than other facility equipment.

 

All
data drops must be routed to a network equipment cabinet provided by Target with redundant access to a facility network capable of sustaining
the specified bandwidth requirements between any [***]

 

Given
the spans required for this interconnect, it may be necessary to employ Ethernet-to- Fiber media converters or intermediate switches
at key connection points. [***]

 

Berkshire
Grey and Target will collaborate to define a suitable addressing scheme that allows Berkshire
Grey components to interoperate within this network segment.

 

    28

     

    

 

[***]

 

		5.1.2.1	System
                                            Component Requirements

 

The
components of the [***] system are designed to operate flexibly over a wide range of input power and networking schemes. The following
power and data requirements describe configurations tailored by Berkshire Grey’s current understanding of the infrastructure at the Target
facility.

 

		5.1.2.1.1	[***]
                                            requirements

 

	Power
    Requirement	[***]
	Supply
    Circuits	[***]
	Data
    Requirement	[***]

 

		5.1.2.1.2	[***]
                                            requirements

 

Note
that the requirements for a [***] installation are a strict subset of those for an [***] installation. For system flexibility,
Berkshire Grey recommends that the [***] requirements be employed for [***] stations, to facilitate later reconfiguration or
replacement.

 

	Power
    Requirement	[***]
	Supply
    Circuits	[***]
	Data
    Requirement	[***]

 

		5.1.2.1.3	[***]
                                             requirements

 

[***] are typically arranged in pairs to consolidate loading and unloading functions. The following requirements define a connection
point that can service up to [***]

 

	Power
    Requirement	[***]
	Supply
    Circuits	[***]
	Data
    Requirement	[***]

 

		5.1.2.1.4	[***]
                                              requirements

 

[***] stations are arrayed in banks to consolidate their power and network requirements. The following requirements define a general-purpose
drop that can service up to [***]

 

	Power
    Requirement	[***]
	Supply
    Circuits	[***]
	Data
    Requirement	[***]

 

    29

     

    

 

		5.1.2.2	Consolidated
                                            Drop Requirements

 

Combinations
of the above components can be consolidated into station-centric drops within which Berkshire Grey will handle distribution to individual
components. Each of these drops contains power and network sufficient to service:

 

		●	[***]
                                            AutoPick or [***] ManualPick station

 

		●	[***]
                                            FlexFeeds

 

		●	[***]
                                            FlexBot Chargers

 

[***]

 

	Supply
    Circuits	[***]	[***]
	Data
    Requirement	[***]	[***]

 

		5.1.2.3	Recommended
                                            Physical Layout for Power And Network Drops

 

The
following is a candidate drop diagram using consolidated drops to allow for flexible configuration and expansion of the FlexTile system.

 

[***]

 

    30

     

    

 

In
this diagram, (A), (B), and (C) denote the locations of consolidated drops for installed and potential future [***]
stations. (D) and (E) denote the locations of potential drops that Target may use to support ceiling-mounted monitoring cameras.

 

		5.2	Responsibility
                                            Matrix

 

		5.2.1	System
                                            Assembly (Pre-Installation)

 

	Berkshire Grey	 	Target
	●	[***] system equipment sourcing, including e-stops.	 	●	Participation in regular project status calls.
	●	System assembly.	 	●	WMS integration support and documentation.
	●	System functional validation at Berkshire Grey designated site.	 	●	System risk assessment sourcing and execution.
	●	Review of site preparation with Target personnel.	 	●	System FMEA sourcing and execution.
		 	 	●	Site preparation including installation of all power, network drops and ceiling mounted cameras as specified in this proposal.
		 	 	●	Construction permitting and accountability.

 

		5.2.2	System Assembly

 

	Berkshire Grey	 	Target
	●	Transport of system to site	 	●	Provide facility access to Berkshire Grey employees & contractors.
	●	Permitting and installation of power connections from drops to Berkshire Grey equipment.	 	●	Installing and wiring of station mounted cameras.
	●	Coordination with Target site, corporate, & safety personnel for pre-go-live review.	 	●	Large forklift operations for some equipment unloading and location / relocation on the floor.
	●	System operational validation – No Target operators.	 	●	Participation in development of training materials.
	●	Training for Target personnel.	 	●	Post-Install system review.
		 	 	●	Participation in training.

 

		5.2.3	System Operation

 

	Berkshire Grey	 	Target
	●	Berkshire Grey personnel on-site when the system is operating.	 	●	Provide facility access to Berkshire Grey employees & contractors.
	●	Daily, weekly, monthly, and quarterly maintenance in keeping with the proposed maintenance schedule.	 	●	Induct [***] totes into system.
	●	Get system into operational mode at the beginning of the work day.	 	●	Operate [***] stations.
	●	Shut down system fully at the end of the work day.	 	●	Remove [***] from system.
	●	Monitor all operation and e-stop the system if there is a problem or hazard.	 	●	Induct [***] back into system.
	●	Work with Target personnel to review user & system interface ergonomics.	 	●	E-stop the system if a problem or hazard is observed.
	●	Work to transition maintenance activity from Berkshire Grey to Target during initial [***] month window.	 	●	Work with Berkshire Grey personnel to review user & interface ergonomics.
	 	 	 	●	Work to transition maintenance activity from Berkshire Grey to Target during [***] window.

 

    31

     

    

 

Appendix C

 

Project Schedule

 

	Design
    Workshop	 	Feb.15,
    2018
	Artifact	 	Delivery
    Date	 	Required
    Review Date
	1. Draft
                                            Concept of Operations

    2. Task-Based
    Hazard Analysis and Mitigation Plan

    3. Draft
    Maintenance Plan v1

    4. Draft
    Floor Layout, including final power/network drop locations

    5. [***]
    Concept Drawing

    6. [***]
    Concept Drawing

    7. [***]
    Concept Drawing

    8.
    [***] Concept Drawing

    9. Draft
    design parameters, including human productivity assumptions

    10. WMS
    Integration API Design Document
	 	[***]	 	[***]
	FlexFeed
    Functional Review	 	[***]
	ManualPick
    Functional Review	 	[***]
	Design
    Review	 	[***]
	Artifact	 	Delivery
    Date	 	Required
    Review Date
	1. Draft
                                            Concept of Operations v2

    2. System
    Test and Integration Plans (to include)

    o Factory
    Acceptance Testing

    o Interface
    Integration – Testing with Ole

    o System
    Integration End to End – Testing with Ole

    o Site
    Acceptance Testing

    o Operational
    User Acceptance Testing

    o Pre
    Go Live Acceptance Testing

    o Business
    Readiness Testing

    3. Draft
    Maintenance Plan v2

    4. Final
    Floor Layout

    5. Container
    & SKU Compatibility Assessment

    6. [***]
    Detailed Design

    7. [***]
    Detailed Design

    8. [***]
    Detailed Design

    9. [***]
    Detailed Design

    10. Final
    design parameters, including human productivity assumptions

    11. WMS
    Integration API

    12. Metric
    Reporting API
	 	[***]	 	[***]
	[***]
    Factory Acceptance Test	 	[***]
	[***]
    Factory Acceptance Test	 	[***]
	[***] Factory Acceptance Test	 	[***]
	[***] Factory Acceptance Test	 	[***]
	Begin
    HW Installation	 	[***]

 

    32

     

    

 

	Site
    Acceptance Test	 	[***]
	Pre-Operational
    Review for Small Scale 1st Ship	 	[***]
	Artifact	 	Delivery
    Date	 	Required
    Review Date
	1. System
    Test and Integration Report

    2. Released
Concept of Operations v1

    3. InfoSec
Policies and Procedures

    4. Safety
and Operator Training

    5. Draft
Maintenance Plan v3

    6. Volume
Ramp Plan
	 	[***]	 	[***]
	Small
    Scale Live 1st Ship to Stores (First Beneficial Use)	 	[***]
	Full
    Scale Equipment Shipment Complete	 	[***]
	Pre-Operational
    Review for Full Scale 1st Ship	 	[***]
	Artifact	 	Delivery
    Date	 	Required
    Review Date
	1. Final
    Description of Operations

    2. Updated
Safety and Operator Training

    3. Updated
Maintenance Plan

    4. Initial
System Performance Report

    5. Enact
Formal Change Management Process

    6. Enact
Asset Maintenance Tracking
	 	[***]	 	[***]
	Full
    Scale Live 1st Ship to 15 Stores (First Full-Scale Live Use)	 	[***]
	System
    Acceptance Test	 	[***]

 

    33

     

    

 

Appendix
D

 

Acceptance Test Plans; Criteria

 

Factory
Acceptance Test Site Acceptance Test SET Test

 

Rate
Test

 

Peak
Season Stress Test

 

	TARGET CORPORATION	 	BERKSHIRE GREY, INC.
	 	 	 
		 	 
	Marv Cunningham	 	Tom Wagner President & CEO
	VP, Supply Chain Engineering	 	 

 

    34

     

    

 

Appendix
E

 

Solution Materials and Data

 

To
be attached

 

	TARGET CORPORATION	 	BERKSHIRE GREY, INC.
	 	 	 
		 	 
	Marv Cunningham	 	Tom Wagner President & CEO
	VP, Supply Chain Engineering	 	 

 

    35

     

    

 

Appendix
F

 

Specs

 

To
be attached

 

	TARGET CORPORATION	 	BERKSHIRE GREY, INC.
	 	 	 
		 	 
	Marv Cunningham	 	Tom Wagner President & CEO
	VP, Supply Chain Engineering	 	 

 

    36

     

    

 

Appendix G

 

Operation
and Maintenance Criteria

 

See
Sections 3 and 4 of Appendix B

 

    37

     

    

 

Appendix
H

 

Solution Warranty

 

Throughput
Specification

 

	Throughput Specification
	Avg Units per Outbound Container (OBC)	 	[***]	 	[***]	 	[***]	 	[***]
	Total Flow	 	[***]	 	[***]	 	[***]	 	[***]
	Picking Flow	 	[***]	 	[***]	 	[***]	 	[***]
	Passthrough Flow *	 	[***]	 	[***]	 	[***]	 	[***]
	Bulk Storage Induction *§	 	[***]	 	[***]	 	[***]	 	[***]
	Bulk Storage Discharge §	 	[***]	 	[***]	 	[***]	 	[***]
	Trailer Dock Induction †	 	[***]	 	[***]	 	[***]	 	[***]
	Trailer Dock Discharge *†§	 	[***]	 	[***]	 	[***]	 	[***]
	OutboundCycleTime₴	 	[***]	 	[***]	 	[***]	 	[***]

 

The
Parties agree and acknowledge that they will work in good faith and on a best efforts basis to reach agreement on the period (i.e., week,
month) over which Solution compliance with the foregoing throughput specifications will be measured for purposes of triggering the warranty
set forth in the Project Agreement.

 

These
throughput requirements were generated from Target’s specification of [***] under the assumption that [***] of unit
volume passes through the picking flow and the remaining 60% of volume passes through the pass-through flow. The Solution was sized based
on the following assumptions:

 

*
Based on an assumption of [***] units[***]

 

†
Based on an assumption of [***] units[***]

 

§
Assuming no reuse of  [***] between consecutive waves. The Solution can reuse inventory containers [***] between waves,
which can reduce the required [***] induction and discharge throughput, if the Target WMS provides the system with advance knowledge
of [***] orders.

 

₴
“Outbound cycle time” refers to the amount of time between the first inventory for a wave being inducted into the system
and all [***] containers contained in that wave being discharged from the system. This primarily depends on the inventory induction
time (the amount of time between the first and last inventory containers for a wave being inducted) and the number of concurrent waves.
Neither of these parameters significantly change as a function of the [***] is an estimate based on current estimates of: (a) inventory
induction time, and (b) the number of waves being concurrently processed by the system. The actual cycle time may be faster than [***]
Contractor strives to minimize [***] time and will work with Target to modify these parameters accordingly.

 

Container
Compatibility

 

	General
    Container Compatibility Criteria*
	Minimum
    Weight	[***]
	Maximum
    Weight	[***]
	Minimum
    Dimensions (O.D.)	[***]
	Maximum
    Dimensions (O.D.)	[***]

 

*Criteria
apply to inventory containers, outbound containers, and VCPs intended for pass-through operation.

 

    38

     

    

 

[***] 

 

IVC
and OBC Compatibility

 

Contractor
expects a single type of IVC and a single type of OBC to be used in the system. In the future, the system is capable of handling multiple
sizes of IVCs and OBCs, given appropriate support [***]

 

VCP
Compatibility.

 

VCPs
that do not meet the minimum dimension requirements, or have unusual packaging features that make them incompatible with [***] transport [***] must be transported by placing them in totes when they are inducted into the system by a Team Member.
[***] VCPs will be transported in totes or trays in order to reduce possible compatibility issues which may occur even when VCPs are
boxes as they may shift during transport (depending on size). Contractor shall be part of the approval process of any totes or trays
used to transport VCPs to ensure compatibility. [***] Contractor will evaluate VCP compatibility with FlexBot transport and make recommendations
for future designs.

 

Open
Top Containers

 

Open
top containers intended for use in the system must satisfy additional requirements.

 

[***]

 

SKU
Compatibility

 

AutoPicks
are capable of handling SKUs that satisfy the following weight and dimension criteria:

 

	AutoPick
    SKU Compatibility Criteria
	Minimum
    Weight	[***]
	Maximum
    Weight	[***]
	Minimum
    Dimensions *	[***]
	Maximum
    Dimensions *	[***]

 

[***]

 

    39

     

    

 

There
is an interdependence between the size of the SKUs and the dimensions of the OBCs, IVCs, and VCPs Choices made in one of these areas
impact choices and capabilities in other areas. Contractor would be included in firm engineering discussions of these choices so that
Contractor can help Target to optimize choices, constraints, etc.

 

SKU
dimensioning and weight specifications are general guidelines. [***] As another example, small glass items may be within the general guidelines but still be items that Target would like
handled manually.

 

[***] 

 

The
[***] are conservative bounds for a deployment [***]. These compatibility criteria may loosen (e.g. increased maximum
weight) as the system learns about Target SKUs.

 

Throughput
and Labor Assumptions

 

	
Operation
	 	

Component
	 	Team Members	 	Machine Potential *	 	Effective Throughput **	 	Units
	Pick Each (automated)	 	AutoPick	 	[***]	 	[***]	 	[***]	 	[***]
	Pick Each (manual)	 	ManualPick	 	[***]	 	[***]	 	[***]	 	[***]
	Induct IVC, VCP, or Empty OBC	 	FlexFeed	 	[***]	 	[***]	 	[***]	 	[***]
	Discharge IVC	 	FlexFeed	 	[***]	 	[***]	 	[***]	 	[***]
	Build Cart	 	FlexFeed	 	[***]	 	[***]	 	[***]	 	[***]

 

* Machine
potential refers to the maximum instantaneous rate at which the station can operate, when its queues are full and it is fed with a continuous
supply of containers. Component machine potential values are only provided for reference; Contractor designs stations to optimize effective
throughput, since that is what drives system scale.

 

**
Effective throughput is the average rate at which the station is expected to perform over a day, which is de-rated to account for Team
Member productivity, system utilization, startup and shutdown transients, operational maintenance, and demand fluctuation. [***]

 

These
effective throughput estimates are based on a nominal throughput degraded by expected productivity:

 

		●	[***] This effective throughput was
                                                                                                                                                                                                                                                                               down-rated to compensate for demand fluctuation, including that caused by Team Member breaks and shift changes.

 

[***] 

 

    40

     

    

 

Appendix
I

 

Training Requirements

 

Contractor
will collaborate with Target to organize and create training material that meets Target’s prescribed requirements. Training will
be provided by Contractor during the term of the Project Agreement without additional charge.

 

Operator

 

At
a minimum, Contractor will provide the following initial Operator training program to Target without additional charge. Training will
occur at mutually agreed upon times and locations.

 

	Class	 	Topics
    Covered
	Operator
    Training	 	●
                                                                                                                        System Overview

    ●
Concept of Operations

    ●
Manual Pick Operation

    ●
FlexFeed Induction Operations

    ●
FlexFeed Discharge Operations

    ●
Exception Handling

    ●
Personnel and System Safety

    ●
Fault Response

 

Solution
Management and Maintenance

 

Training
for functions that Contractor will perform during the first six months of operation (Startup/Shutdown, Maintenance, etc.) is offered
in order to get feedback from Target that will allow Contractor to enhance future training materials. Training will occur at mutually
agreed upon times and locations. At a minimum, Contractor will provide the following training.

 

	Class	 	Topics
    Covered
	System
    Management & Maintenance Training	 	●
                                                                                                                        System Startup/Shutdown

    ●
Fault Handling

    ●
Maintenance Routines

    o Daily

    o Weekly

    o Monthly

    o Quarterly

    ●
FRU failure modes and spares strategy

    ●
Getting Contractor involved

 

    41

     

    

 

Appendix
J

 

[***]

 

    42

     

    

 

Appendix
K

 

Compensation and Payment Schedule

 

	Compensation
    for Goods, Software and Services
	Proprietary
    [***] Stations	[***]
	Proprietary
    [***] Software, [***]	[***]
	Proprietary
    [***], Shelves, [***]	[***]
	1
    year of 24/7 Support Services	[***]
	Spare
    Parts	[***]
	Total	[***]

 

	Software
    Subscription Pricing
	Annual
Software Update & Learning Feature Subscription Fee (July 10, 2019 – July 9, 2020)*
	[***]

 

* [***]

 

 

	 	 	 

    Milestone
	 	Balance
    Subject to Milestone Attainment
	Pre-Spend	 	PO
    issued 12/22/2017	 	[***]
	[***]	 	Agreement
    Signed and Purchase Order Received	 	[***]
	[***]	 	Design
    Review Workshop	 	[***]
	[***]	 	First
    Shipment of equipment to customer facility for first pick	 	[***]
	[***]	 	Full
    Scale Live 1st Ship	 	[***]
	[***]	 	Final
    Acceptance	 	[***]

 

 

43

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