Document:

EXHIBIT 10.44

STOCKHOLDERS’ AGREEMENT

        THIS STOCKHOLDERS’ AGREEMENT (the “Agreement”) dated as of August 7, 2000 by and among SanDisk Corporation, a Delaware corporation (“SanDisk”),
Photo-Me International, Plc. (“PMI”), a corporation organized under the laws of England and Wales (each referred to herein as a “Stockholder” and together as the “Stockholders”), and DigitalPortal Inc., a Delaware corporation
(the “Company”).

RECITALS

        WHEREAS, SanDisk holds 50% of the outstanding Common Stock of the Company; and

        WHEREAS, PMI holds 50% of the outstanding Common Stock of the Company;

        WHEREAS, the parties to this Agreement desire to make certain provisions for the management and regulation of the Company’s affairs and to establish the rights and
obligations of each of the Stockholders;

        NOW, THEREFORE, in consideration of the mutual covenants contained herein and the mutual benefits to be derived herefrom, the parties agree that:

        1.  Certain Definitions. In addition to defined terms appearing throughout this Agreement, the following capitalized terms shall have the following
meanings, unless otherwise indicated:

              “Affiliate” of a party means a corporation, partnership or other entity which is (a) a direct or indirect wholly-owned
subsidiary entity of such party, (b) such party’s ultimate parent entity or (c) a direct or indirect wholly-owned subsidiary entity of such party’s ultimate parent entity.

              “Definitive Agreement” means that certain Definitive Agreement to Form Vending Business, dated as of even date herewith, to
which the Stockholders are parties and to which this Agreement is an Exhibit.

              “Dividend Payment” means dividends (in cash, property or obligations) on, or other payments or distributions on account of, or
the setting apart of money for a sinking or other analogous fund for, or the purchase, redemption, retirement or other acquisition of, any Stock of any class of capital stock of the Company, or of any warrants, options or other rights to acquire the same.

              “Fair Market Value” means, *.

              “Interested Party” means each Person who, as a result of an Involuntary Transfer, has an interest in Stock previously owned by
a Stockholder, including (as applicable) the affected Stockholder’s estate, personal representative, spouse or successor.

              “Involuntary Transfer” means any transfer of Shares owned by a Stockholder or a Permitted Transferee pursuant to Section
2(b)(iv) below that results from (a) an involuntary transfer resulting from a bankruptcy or similar proceeding affecting such Stockholder; or (b) a foreclosure or similar exercise of remedies in respect of a pledge of Shares.

              “Person” means any individual, corporation, partnership, trust or other entity.

              “Voluntary Transfer” means any sale, pledge or other transfer of Shares by a Stockholder, except (a) a bona fide pledge to
secure a loan to such Stockholder, but only if the pledgee agrees in writing to accept such pledge subject to the terms of this Agreement; or (b) an Involuntary Transfer.

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

        *INDICATES THAT CERTAIN INFORMATION ON THIS PAGE HAS BEEN OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO RULE 24b-2. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED
WITH RESPECT TO THE OMITTED PORTIONS.

              “Board of Directors” or “Board” means the board of directors of the Company.

              “Common Stock” or “Stock” means the Common Stock, par value $0.001 per share, of the Company.

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

              “Initial Public Offering” means the closing of the initial public offering of Common Stock pursuant to a registration
statement declared effective under the Securities Act, except that an Initial Public Offering shall not include an offering made in connection with an employee benefit plan.

              “Person” means any individual, corporation, partnership, joint venture, association, joint stock company, trust,
unincorporated organization or government or any agency or political subdivision thereof.

              “Restricted Period” means the period commencing on the date hereof and ending upon the closing of the Initial Public Offering.

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

              “Transfer” of shares of Common Stock of any Person shall mean the sale, assignment or transfer, directly or indirectly, of
such shares (including by a pledge, assignment, encumbrance or security interest that gives the pledgee, assignee or secured party, upon the occurrence or non-occurrence of an event, the right to acquire such shares or to require that such shares be sold,
but not, in any event, including any “negative pledge” or similar type covenant); however, a “Transfer” by a Person shall not include a transfer to any Person by reason of a merger of such Person into such other Person or a
consolidation of such Person with such other Person (“Excluded Transaction”).

        2.  Recitals Correct. Each of the parties to this Agreement acknowledges and declares that the foregoing Recitals, insofar as they relate to it, are
true and correct both in substance and in fact, and constitute representations and warranties which shall survive the execution of this Agreement and the completion of the actions which it contemplates.

        3.  Board of Directors.

              (a)  The Board of Directors shall have the rules of operation, powers, duties and responsibilities set forth in the Certificate of
Incorporation and the Bylaws of the Company and shall provide overall policy direction and supervision of the affairs of the Company. Directors of the Company may, but need not, be officers or employees of the Company or its stockholders or their
respective Affiliates.

              (b)  During the Restricted Period, the Stockholders agree that they shall vote all of the shares of Stock now or hereafter owned by
them, whether beneficially or otherwise and shall take or cause to be taken all such action as may be required from and after the date hereof: 

        (i)  to establish and maintain the size of the Board of Directors at an even number of directors;

        (ii)  to maintain the quorum and voting requirements of the Board of Directors in accordance with the Bylaws;

        (iii)  to cause the Board of Directors to meet at least quarterly, with at least one meeting per year in Grenoble, France and one meeting per year in
Sunnyvale, CA, USA.

        (iv)  to cause the Bylaws, unless otherwise required by law, to be consistent with the Definitive Agreement.

        4.  Election of Directors. During the Restricted Period, the Stockholders agree that they shall vote all of the shares of Stock now or hereafter
owned by them, whether beneficially or otherwise in the following manner:

              (a)  Except as otherwise provided in this Agreement, at any annual or special meeting called, or any other action taken, for the
purpose of electing directors to the Company’s Board of Directors, the Stockholders agree to vote all of their Stock so as always to elect as directors the following designated nominees: 50% of the total authorized number of directors to be
representatives designated by PMI (or its assignee as provided 

in Section 6 hereof) and 50% of the total authorized number of directors to be representatives designated by SanDisk (or its assignee as provided in Section 6 hereof).

              (b)  Either party may remove one or all of its designated directors at any time and designate one or more new directors to fill the
vacancy or vacancies caused by such removal in accordance with Section 4 (c) below.

              (c)  In the event of any vacancy on the Board of Directors for any reason, the Stockholders will  vote their Stock to fill such
vacancy with a nominee designated by the Stockholder or the assignee of the Stockholder who designated the person who held the directorship so vacated.

        5.  Election of Chairman. During the Restricted Period, the Stockholders agree that they shall vote all of the shares of Stock now or hereafter
owned by them, whether beneficially or otherwise in the following manner:

              (a)  At any annual or special meeting called, or any other action taken, for the purpose of electing a chairman of the Company’s
Board of Directors, the Stockholders agree to vote all of their Stock so as always to elect as chairman a nominee designated by SanDisk in even years and a nominee designated by PMI in odd years.

              (b)  In the event of a vacancy of the chairmanship, the Stockholders will vote their Stock to fill such vacancy with a nominee
designated in the same manner as the person who held the chairmanship so vacated.

        6.  Assignment of Designation Rights. With respect to Transfers (other than to the Stockholders), unless the other Stockholder consents to a
transfer of such rights to a third party transferee, the rights to designate directors and the chairman pursuant to  Sections 4 and 5 hereof shall remain with a Stockholder so long as such Stockholder retains at least * of the outstanding Stock of the
Company. Notwithstanding Section 4(a) to the contrary, in the event that a Stockholder acquires more than * of the outstanding Stock  of the Company, the right to designate directors pursuant to Section 4(a) shall be adjusted so that the percentage of
directors designated by each Stockholder is proportionate to such Stockholder’s percentage ownership of outstanding Stock shall be rounded up for the purpose of determining the number of directors it is entitled to designate; provided, that for so
long as a Stockhold
er owns at least * of the outstanding Stock of the Company, such Stockholder shall be entitled to designate one director. Any shares transferred by any Stockholder to any third party shall not be deemed to be owned by such Stockholder for purposes of
calculating the number of directors to be designated by such Stockholder. In the event that the number of nominees which a  Stockholder is entitled to designate is reduced pursuant to this Section, the Stockholder shall cause the appropriate number of
directors to resign.

        7.  Restrictions on Transfer of Common Stock. During the Restricted Period or three years from the date of this Agreement, whichever occurs first,
the Stockholders shall not Transfer or dispose of any of their respective shares of Stock or any portion thereof, except as part of an Excluded Transaction or if the other Stockholder consents in writing thereto. Thereafter, the Stockholders may Transfer
or dispose of any of their respective shares of Stock, provided that (a) any such Transfer or disposition  is in full compliance with Section 8 below or is part of an Excluded Transaction;  (b) the other Stockholder consents in writing thereto; or
(c) the Transfer is to an Affiliate and  the assignee agrees in writing, in form and substance reasonably satisfactory to the Company, to be bound by this Agreement and all obligations of the transferring Stockholder pursuant to the Definitive
Agreement. Th
e Company shall not be required to recognize any such assignment, until the certificate representing such Stock and the accompanying stock transfer power has been delivered to the Company for recordation. Any purported assignment, sale, exchange, pledge,
or other disposition or hypothecation of Stock of the Company which does not comply with the provisions of this Section shall be null and void ab initio and ineffective against the Company and the other Stockholder.

        *INDICATES THAT CERTAIN INFORMATION ON THIS PAGE HAS BEEN OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO RULE 24b-2. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED
WITH RESPECT TO THE OMITTED PORTIONS.

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        8.  Rights of First Refusal and Purchase.

              (a)  Rights of First Refusal on Voluntary Transfers. Subsequent to three years from the date of this Agreement, if no Initial
Public Offering has closed, with respect to any transaction, other than an Excluded Transaction, and subsequent to the closing of the Initial Public Offering,  with respect to any private transaction, other than a sale made pursuant to Rule 144 or Rule
144k or an Excluded Transaction, any Stockholder (the “Selling Stockholder”) intending to sell all or a portion of his Stock and thereby effect a Voluntary Transfer to any person other than in a transfer authorized by Section 7, shall make such
sale or Transfer on the following terms:

                     (i)  Notice of Sale. The Selling Stockholder will deliver a written notice (the
“Notice of Sale”) to the Company and the other Stockholder (the “Other Stockholder”) describing the proposed Voluntary Transfer. The Notice of Sale will include (i) a statement of the Selling Stockholder’s bona fide intention to
sell or transfer Stocks; (ii) the name and address of the proposed transferee (the “Buyer”); (iii) the type and number of shares to be sold or transferred (the “Offered Stock”); (iv) the per share purchase price, which must be in cash;
(v) the other material terms and conditions of the proposed sale and (vi) expected date of closing.

                     (ii)  Other Stockholder’s Option. The Notice of Sale will constitute an
irrevocable offer by the Selling Stockholder to sell to the Other Stockholder the Offered Stock on the same per share terms and conditions stated in the Notice of Sale. The Other Stockholder may accept such offer,  in whole only by delivering to the
Selling Stockholder written notice of its irrevocable election to accept such offer within 30 days after delivery of the Notice of Sale. If the Other Stockholder has not elected to purchase all of the Offered Stock,  by the end of such 30-day period, the
Selling Stockholder will be free to sell or transfer the Offered Stock to the Buyer at a price or on terms no more favorable to the Buyer than described in the Notice of Sale, within 30 days after the expiration of such 30 day period. If the sale to the
Buyer is not so c
onsummated, the terms of this Section will again be applicable to any sale or transfer of Stock by such Selling Stockholder.

                     (iii)  Closing. If the Other Stockholder elects to purchase Offered Stock, the
closing of the purchase and sale will occur on the 30th day following expiration of the Other Stockholder’s option (or such earlier date as may be agreed among the purchasing and selling parties). At such closing, the purchasers will deliver (by wire
transfer or as otherwise specified in the Notice of Sale) the consideration payable to the order of the Selling Stockholder, against delivery by the Selling Stockholder of certificates evidencing the Offered Stock being so purchased, free and clear of all
liens, claims and encumbrances (other than this Agreement) and endorsed in good form for transfer.

              (b)  Rights of Purchase on Involuntary Transfers. Upon any Involuntary Transfer of Stock affecting a Stockholder (the “
Former Stockholder”), each Interested Party will comply with the following provisions:

                     (i)  Notice of Involuntary Transfer. The Interested Party will deliver a written
notice (the “Notice of Involuntary Transfer”) to the Company and the Other Stockholder no later than 30 days after such Involuntary Transfer. The Notice will include (i) a description of the circumstances resulting in the Involuntary Transfer; (ii) the
name and address of the Interested Party; and (iii) the number of shares of Common Stock subject to such Involuntary Transfer.

                     (ii)  Other Stockholders’ Option. The Notice of Involuntary Transfer will
constitute an irrevocable offer by the Interested Party to sell the Common Stock at Fair Market Value to the Other Stockholder. The Other Stockholder may elect to accept such offer by delivering to the Interested Party written notice of their irrevocable
election to accept such offer within 30 days after delivery of the Notice of Involuntary Transfer.

                     (iii)  Closing. If the Other Stockholder elects to purchase Stock pursuant to this
Section 3, the closing of the purchase and sale will occur on the 40th day following delivery of the Notice of Involuntary Transfer (or such earlier date as may be agreed among the purchasing and selling parties). At such closing, the purchaser will
deliver by wire transfer the consideration payable to the order of the Interested Party, against delivery by the Interested Party of certificates evidencing the Stock being so purchased, free and clear of all liens, claims and encumbrances (other than
this Voting Agreement) and endorsed in good form for transfer.

              (c)  Merger or Consolidation. The merger or consolidation by a Stockholder with another corporation shall be considered a
Transfer or assignment of Stock, unless the Stockholder is the survivor of such merger or consolidation.

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        9.  Procedures Upon Deadlock to Adopt Business Plan. Effective upon the completion of the second year anniversary of the filing of the Articles of
the Corporation, and only for the period during which PMI and SanDisk are the only two Stockholders of the Corporation, and further provided the Corporation has not closed an IPO, the parties agree with respect to any deadlock of the Board of Directors to
adopt a revised Business Plan as follows:

              (a)  If the Board of Directors deadlock on the adoption of a annual Business Plan, or fail to act to adopt a Business Plan, * of the
year preceding the year for which the Business Plan is to be adopted and do not unanimously agree to continue discussions for one or more * day periods in order to adopt a new Business Plan, the Approval Agents shall promptly contact one another by
telephone to conduct one or more conversations to endeavor to resolve the matter so to enable the Board of Directors to adopt an annual Business Plan.

              (b)  If agreement is reached by the Approval Agents, the mutually agreeable resolution shall be implemented by the Corporation.
Should no solution be agreed upon within thirty (30) days after the matter has first been discussed by the Approval Agents, and the Approval Agents do not agree in writing to extend their discussions in order to resolve the dispute for one or more
additional 30 day periods, or arrive at such other written agreement to resolve the matter, then within ten days following the end of such period,  either party may submit the matter to non-binding mediation in  accordance with Section (i), below 

              (c)  If agreement is reached as a result of such mediation process, then the mutually agreeable resolution shall be implemented by
the Corporation. Should no solution be agreed upon as a result of such mediation process, then, within ten (10) days following the conclusion of such mediation process, either Stockholder may elect by written notice to the other Stockholder to declare a
deadlock (“Deadlock”) and request a valuation of the Corporation pursuant to the procedures set forth in Section (f).

              (d)  Within ten (10) days after the results of the valuation referred to in Section (f) are made available, either Stockholder (the
“Selling Stockholder”) may submit to the other Stockholder (the “Buying Stockholder”) a written irrevocable notice (the “Deadlock Selling Notice”) stating that the Selling Stockholder offers to sell to the Buying Stockholder,
the Selling Stockholder’s Shares for a cash purchase price equal to the Fair Market Value of the Corporation, as determined in such valuation, multiplied by the Selling Stockholder’s fraction of ownership of the Corporation’s issued. shares
of Common Stock owned by the Selling Stockholder.

              (e)  The Buying Stockholder may accept such offer by written response within 45 days of receipt of the Deadlock Selling Notice
indicating that it elects to purchase the Shares of the Selling Stockholder. If the Buying Stockholder declines to exercise its right to purchase the Shares of the Selling Stockholder pursuant to this Section (f) or fails to respond (or if both
Stockholders submit Deadlock Selling Notices), the Stockholders shall immediately take all steps necessary to sell the assets of, or cause the liquidation and dissolution of, the Corporation.

              (f)  If either Stockholder declares a Deadlock and requests a valuation of the Corporation pursuant to Section (c), such Stockholder
may initiate a determination of the Corporation’s Fair Market Value in accordance with this Section (f). Such valuation shall be made by a single appraiser appointed jointly by both Stockholders or, in lieu thereof, by two appraisers, one of which
will be appointed by each Stockholder. Such appraiser or appraisers shall be knowledgeable in the area of the Vending Business. If the Stockholders have not mutually selected the appraiser within twenty (20) days of receipt of the notice pursuant to this
Section (f), each Stockholder shall select an appraiser and such two persons shall act as the appraisers; provided, however, that if, within twenty (20) days of receipt of such notice, either Stockholder has selected an appraiser while the other h
as not, then the person so selected shall act as the sole appraiser. If two appraisers are selected, they will be instructed to reach a joint determination if feasible. Once the appraiser or appraisers have been selected, each Stockholder will submit to
the appraiser or appraisers in writing, within thirty (30) days of such selection, such Stockholder’s estimate of the Fair Market Value of the Corporation, together with such supporting information justifying such value as the submitting Stockholder
determines appropriate. After receipt of such information, the appraiser or appraisers shall furnish such information on a confidential basis to the non-providing Stockholder which will have 

        *INDICATES THAT CERTAIN INFORMATION ON THIS PAGE HAS BEEN OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO RULE 24b-2. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED
WITH RESPECT TO THE OMITTED PORTIONS.

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ten days to respond in writing to such information. The Fair Market Value of the Corporation shall be the amount determined by the appraiser (if there is only one appraiser) or the average of the amounts determined by the
appraisers (if there are two appraisers); provided, that if the higher of such amounts exceeds the lower of such amounts by more than * of the lower of such amounts, then the two appraisers shall, as promptly as practicable, select a third person to act as appraiser to determine the fair
market value within the range of the two amounts previously determined. Such determination of Fair Market Value by the appraiser or appraisers initially appointed shall be made and advised to both Stockholders not later than forty-five (45) days from the
selection of the appraiser or appraisers and shall be final and binding unless a third appraiser is required to be appointed. Such determination by the third appraiser shall be made and advised to both Stockholders not earl
ier than ten (10) days nor later than twenty (20) days from the selection of such appraiser and shall be final and binding. In making such determination the appraiser or appraisers may request additional information from the Stockholders and may hold
sessions with the Stockholders, provided that no communications may be on an ex parte basis. The fees and expenses of any appraiser shall be paid by the Stockholder selecting such appraiser, except that the fees and expenses of a single, jointly selected
appraiser or the third appraiser (if necessary) shall be paid by the Selling Stockholder. All other costs and expenses of the valuation procedure will be borne by the Stockholder incurring such cost or expense.

              *

              (g)  The closing of any purchase Shares by a Buying Stockholder shall take place not later than thirty (30) days after its acceptance
to purchase the shares offered pursuant to the Deadlock Selling Notice, except that such period shall be extended as necessary in order to comply with any governmental order or ruling. The Buying  Stockholder shall pay for the Selling Stockholder’s
Shares being acquired by wire transfer of immediately available funds to an account specified by the Selling Shareholder. The Selling Stockholder shall execute all documents necessary to effect the conveyance of such interest in the Corporation, free and
clear of all liens, to the Buying Stockholder. In addition, the Stockholders shall enter into an indemnity and release agreement in a form reasonably satisfactory to each Stockholder indemnifying and holding harmless the Selling Stockholder and its
Affiliates
 for liabilities or claims made after the date of the purchase and sale under any guarantees or other agreements supporting the obligations of the Corporation which may have been extended by the Selling Stockholder or any of its Affiliates. 

              (h)  Upon the liquidation of the Corporation, the Stockholders shall proceed as promptly as practicable to (i) wind-up the affairs of
the Corporation and satisfy the Corporation’s liabilities and (ii) dispose of the Corporation’s assets as promptly as practicable consistent with obtaining the full Fair Market Value of the Corporation, preferably, to the extent it is
commercially practicable to do so, by selling the Corporation as a going concern; provided, however, neither Stockholder shall be under any obligation to extend the terms of any Transaction Document or to offer to enter into any other agreement with a prospective purchaser of the Corporation for the purchase or sale of
goods or services or the use of facilities or any other business arrangement. Upon the completion of the liquidation of the Corporation, a Certificate of Dissolution shall be filed in the
Office of the Secretary of State of Delaware.

(i)  Either SanDisk or PMI may request non-binding mediation in accordance with Section (b) before a single mediator with expertise in intellectual property licensing transactions selected by mutual agreement of the
parties or appointed by JAMS in San Francisco, California. The mediation session will be held in San Francisco, California within thirty (30) days following the request and shall be attended by the Approval Agents or such other representatives of SanDisk
and PMI who have full settlement authority. The parties will follow the recommendation of the mediator regarding the agenda most likely to resolve the dispute. The parties will participate in the mediation in good faith, and will share equally in its
costs. All offers, promises, conduct and statements, whether oral or written, made in the course of the mediation by any of the parties, their agents, employees, experts and attorneys, and by the mediator and any JAMS employees, are confidential,
privileged and in
admissible for any purpose, including impeachment, in any litigation or other proceeding involving the parties, provided that evidence that is otherwise admissible or discoverable shall not be rendered inadmissible or non-discoverable as a result of its
use in the mediation. The provisions of this clause may be enforced by any court of competent jurisdiction, and the party seeking enforcement shall be entitled to an award of all costs, fees and expenses, including attorneys fees, to be paid by the party
against whom enforcement is ordered. 

        *INDICATES THAT CERTAIN INFORMATION ON THIS PAGE HAS BEEN OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO RULE 24b-2. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED
WITH RESPECT TO THE OMITTED PORTIONS

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        10.  Guarantee. Each Stockholder agrees that, in the event that shares are transferred to an Affiliate of such Stockholder, such Stockholder shall
unconditionally and irrevocably guarantee the obligations of the Affiliate hereunder.

        11.  Covenants of the Company. The Company covenants and agrees with each of the Stockholders as follows:

              (a)  Dividend Payments. The Company shall declare an annual dividend to the Stockholders on a pro rata basis consisting of all
net profits less allocations to research, development, reserves and other items approved by the Board and the Approval Agents (as defined in the Definitive Agreement dated as of even date herewith, to which this Agreement is an Exhibit). The Company will
not, nor will the Company permit any of its Subsidiaries to, declare or make any Dividend Payment at any time unless such Dividend Payment is made on a pro rata basis to each Stockholder of the Company. Nothing herein shall be deemed to prohibit the payment of dividends by any subsidiary of the Company to the Company or to any other subsidiary of the Company. 

              (b)  Restricted Loans and Advances. The Company will not, nor will the Company permit any of its subsidiaries to, make any
loan or advance to any of the Stockholders of the Company or to any of their respective Affiliates, unless such loans or advances are made on a pro rata basis to each of the Stockholders of the Company and approved by the Board of Directors.

              (c)  Business Activities. The Company will not engage in any business other than as provided in the Business Plan approved by
the Board of Directors.

              (d)  Consolidation, Merger or Disposition of Assets as an Entirety; Sale of Material Assets. The Company will not consolidate
or merge with, or sell, lease, assign, transfer or otherwise dispose of its assets as an entirety or substantially as an entirety or any material portion thereof, whether in a single transaction or a series of transactions, to any person unless (i) in the
case of a merger or consolidation, each Stockholder receives on a pro rata basis the same form and amount of consideration, and (ii) in the case of a sale, lease, assignment, transfer or other disposition of the Company’s assets as an entirety or substantially as an entirety or any material portion
thereof, the Company distributes the proceeds therefrom to the Stockholders on a pro rata basis.

        12.  Initial Public Offering. In the event that the Board approves an Initial Public Offering, the Stockholders will enter into such underwriting
agreements and documents, including without limitation, indemnification or contribution agreements and lock-up agreements, as the managing underwriter shall deem reasonably necessary or appropriate to facilitate the completion of the Initial Public
Offering. 

        13.  Duration of Agreement. This Agreement shall terminate upon the earlier of (i) the consummation of a sale of all the capital stock of the
Company, the merger of the company with or into another entity or the sale of all or substantially all of the assets of the Company (an “Approved Sale”), (ii) the closing of an Initial Public Offering or (iii) ten (10) years from the date hereof. The rights and obligations of each Stockholder under this Agreement shall terminate as to such Stockholder upon the Transfer of all
Stock owned by such Stockholder in compliance with the terms and conditions of this Agreement (but nothing shall relieve such Stockholder from a claim for damages for a breach prior to such Transfer). Notwithstanding the termination of this Agreement upon
an Initial Public Offering, either Stockholder may nonetheless continue to enforce Section 8 of this Agreement with respect
 to transfers of Securities. The Company shall imprint such legends on any certificates evidencing Stock outstanding prior to the date hereof or issued hereafter. The legends set forth below shall be removed from the certificates evidencing any Stock
which ceases to be Stock subject to this Agreement or which may be transferred pursuant to Rule 144(k) under the Securities Act, as appropriate.

        14.  General Provisions.

              (a)  Notices; Addresses. Any notice, communication, payment or demand required or permitted to be given or made hereunder
shall be in writing and will be deemed to have been given or made for all purposes if (i) delivered personally (effective upon delivery), (ii) sent by an international overnight delivery service (effective one day after delivery to such delivery
service), or (iii) sent by telecopy (effective upon confirmation of transmission), in each addressed as indicated in the stock transfer records of the Company.

              (b)  Legend on Certificates. All certificates representing the Stock of Common Stock shall bear the following legend:

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        THESE SECURITIES ARE NOT REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR ANY STATE SECURITIES LAW AND MAY NOT BE SOLD OR TRANSFERRED
UNLESS (A) A REGISTRATION STATEMENT COVERING THESE SECURITIES IS EFFECTIVE UNDER THE ACT OR (B) THE TRANSACTION IS EXEMPT FROM REGISTRATION UNDER THE ACT AND ANY APPLICABLE STATE SECURITIES LAW AND, IF THE CORPORATION REQUESTS, AN OPINION SATISFACTORY TO
THE CORPORATION TO SUCH EFFECT HAS BEEN RENDERED BY COUNSEL SATISFACTORY TO THE CORPORATION. 

        THE SHARES OF CAPITAL STOCK REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO A STOCKHOLDERS’ AGREEMENT DATED AS OF AUGUST 7, 2000, AND ARE TRANSFERABLE ONLY IN
ACCORDANCE WITH THE PROVISIONS OF SUCH AGREEMENT. NO SALE, PLEDGE, HYPOTHECATION OR OTHER DISPOSITION OF ANY SHARES OF COMMON STOCK OF THE CORPORATION REPRESENTED BY THIS CERTIFICATE IN CONTRAVENTION OF THE TERMS OF SUCH AGREEMENT SHALL BE VALID OR
EFFECTIVE.

              (c)  Deposit of Agreement With Stock Transfer Records. The Company shall cause a copy of this Agreement to be deposited with
the stock transfer records of the Company and to be retained there during the term of this Agreement.

              (d)  Severability of Provisions. If any article, section or any portion of any section of this Agreement is determined to be
unenforceable or invalid by the decision of any court of competent jurisdiction, which determination is not appealed or appealable, for any reason whatsoever, the unenforceable provision shall be construed as narrowly as possible so as to minimize the
adverse impact upon the terms of this Agreement, such unenforceability or invalidity shall not affect the enforceability or validity of the remaining portions of this Agreement, and such unenforceable or invalid article, section or portion thereof shall
be severed from the remainder of this Agreement.

              (e)  Dispute Resolution. All disputes arising in connection with this Agreement shall be finally settled under the Rules of
Arbitration of the International Chamber of Commerce by one or more arbitrators appointed in accordance with the said Rules. The arbitration shall take place in New York, New York and shall be conducted in the English language. The parties hereby agree to
the enforceability of any judgements worldwide and to the authority of the arbitrator to award injunctive relief.

              (f)  Governing Law. This Agreement shall in all respects be construed according to the laws of the State of California,
without regard to the conflict of laws principles thereof.

              (g)  Equitable Relief. Each party to this Agreement acknowledges and agrees that the remedy at law for any breach of any of
the terms of this Agreement would be inadequate, and agrees and consents that temporary and permanent injunctive and other equitable relief may be granted in any proceeding which may be brought to enforce any provision hereof, including specific
performance with such other equitable relief, without the necessity of proof of actual damage or inadequacy of legal remedy.

              (h)  Amendment. No provision of this Agreement may be amended, supplemented, waived, discharged or terminated except by a
written instrument signed by all of the parties hereto.

              (i)  Waivers. No waiver of any breach of default hereunder shall be considered valid unless in writing and signed by the party
giving such waiver, and no such waiver shall be deemed a waiver of any subsequent breach or default of the same or similar nature.

              (j)  EXCEPT AS OTHERWISE PROVIDED IN THIS AGREEMENT, NEITHER PARTY SHALL BE RESPONSIBLE OR LIABLE TO THE OTHER FOR LOST PROFITS, OR
LOST BUSINESS OPPORTUNITIES OR FOR INDIRECT, SPECIAL, PUNITIVE OR CONSEQUENTIAL DAMAGES ARISING OUT OF OR IN CONNECTION WITH PERFORMANCE OF WORK PROVIDED FOR UNDER THIS AGREEMENT OR FOR TERMINATION OF THIS AGREEMENT AS PROVIDED FOR HEREIN.

              (k)  Additional Assurances. Each party to this Agreement shall sign such further and other papers, cause such meetings to be
held, resolutions passed and bylaws enacted, exercise their vote and influence and 

8

do and perform and cause to be done and performed such further and other acts as may be necessary or desirable to implement the provisions of this Agreement.

              (l)  Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original and all of which
together shall constitute one and the same instrument.

              (m)  Binding Effect. Subject to subsection (l) below, each and all of the covenants, terms, provisions and agreements
contained herein shall inure to the benefit of and be binding upon the parties hereto, their respective receivers, trustees, administrators, legal or personal representatives, and, to the extent permitted by this Agreement, their respective successors and
assigns.

              (n)  Effectiveness. This Agreement shall be effective as to each Stockholder who is a signatory upon the acquisition by such
Stockholder beneficially and of record of any issued and outstanding Stock of Common Stock of the Company and shall apply to all Stock of Common Stock owned beneficially and of record by such Stockholder, whether now owned or subsequently acquired.

[SIGNATURE PAGE FOLLOWS]

9

        IN WITNESS WHEREOF, PMI and SanDisk have caused this Agreement to be executed by their duly authorized officers as of the date first set forth above.

	

	 	  	PHOTO-ME INTERNATIONAL, PLC

		 	By:  	/S/ Serge Crasnianski
		 	  	

		 	  	Name: Serge Crasnianski
Title: Chief Executive Officer

	

	 	  	SANDISK CORPORATION

		 	By:  	/S/ Eli Harari
		 	  	

		 	  	Name: Eli Harari
Title: President

	

	 	  	DIGITALPORTAL INC.

		 	By:  	/S/ Nelson Chan
		 	  	

		 	  	Name: Nelson Chan
Title: President and Chief Executive Officer

9EXHIBIT 10.45

BYLAWS OF
DIGITALPORTAL INC.
A DELAWARE CORPORATION

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

TABLE OF CONTENTS

	 	 	 	Page
	 	 	PREAMBLE		1
	 	 	 	 
	 	 	ARTICLE I OFFICES		1
	 	 	   Section 1.1 Registered Office and Agent		1
	 	 	   Section 1.2 Other Offices		1
	 	 	 	 
	 	 	ARTICLE II STOCKHOLDERS		1
	 	 	   Section 2.1 Place of Meetings		1
	 	 	   Section 2.2 Annual Meeting		1
	 	 	   Section 2.3 Special Meetings		1
	 	 	   Section 2.4 Notice of Meetings		1
	 	 	   Section 2.5 Voting List		2
	 	 	   Section 2.6 Quorum		2
	 	 	   Section 2.7 Adjournments		2
	 	 	   Section 2.8 Voting and Proxies		2
	 	 	   Section 2.9 Action at Meeting		2
	 	 	   Section 2.10 Nomination of Directors		2
	 	 	   Section 2.11 Notice of Business at Annual Meetings		3
	 	 	   Section 2.12 Inspectors		3
	 	 	   Section 2.13 Action without Meeting		4
	 	 	   Section 2.14 Organization		4
	 	 	 	 
	 	 	ARTICLE III DIRECTORS		4
	 	 	   Section 3.1 General Powers		4
	 	 	   Section 3.2 Number; Election and Qualification		5
	 	 	   Section 3.3 Terms of Office		5
	 	 	   Section 3.4 Vacancies		5
	 	 	   Section 3.5 Resignation		5
	 	 	   Section 3.6 Annual Meetings		5
	 	 	   Section 3.7 Regular Meetings		5
	 	 	   Section 3.8 Special Meetings		5
	 	 	   Section 3.9 Notice of Special Meetings		5
	 	 	   Section 3.10 Meetings by Telephone Conference Calls		5
	 	 	   Section 3.11 Quorum		5
	 	 	   Section 3.12 Required Consent		5
	 	 	   Section 3.13 Special Consent Required		5
	 	 	   Section 3.14 Action by Consent		6
	 	 	   Section 3.17 Compensation of Directors		6
	 	 	 	 
	 	 	ARTICLE IV OFFICERS		6
	 	 	   Section 4.1 Enumeration		6
	 	 	   Section 4.2 Election		6
	 	 	   Section 4.3 Qualification		6
	 	 	   Section 4.4 Tenure		6
	 	 	   Section 4.5 Resignation and Removal		6
	 	 	   Section 4.6 Vacancies		7
	 	 	   Section 4.7 Chairman of the Board and Vice Chairman of the Board		7
	 	 	   Section 4.8 President and Chief Executive Officer		7
	 	 	   Section 4.9 Vice Presidents		7
	 	 	   Section 4.10 Secretary and Assistant Secretaries		7
	 	 	   Section 4.11 Treasurer and Assistant Treasurer		8
	 	 	   Section 4.12 Salaries		8

	 	 	 	
	 	 	   Section 5.4 Lost, Stolen or Destroyed Certificates		8
	 	 	   Section 5.5 Record Date		8
	 	 	   Section 5.6 Dividends		9
	 	 	ARTICLE VI GENERAL PROVISIONS		9
	 	 	   Section 6.1 Fiscal Year		9
	 	 	   Section 6.2 Corporate Seal		9
	 	 	   Section 6.3 Waiver of Notice		9
	 	 	   Section 6.4 Voting for Securities		9
	 	 	   Section 6.5 Evidence of Authority		9
	 	 	   Section 6.6 Certificate of Incorporation		9
	 	 	   Section 6.7 Transactions with Interested Parties		9
	 	 	   Section 6.8 Dissolution		10
	 	 	   Section 6.9 Severability		10
	 	 	   Section 6.10 Pronouns		10
	 	 	 	 
	 	 	 	 

i

BYLAWS
OF
DIGITALPORTAL INC.

PREAMBLE

        These Bylaws are subject to, and governed by, the General Corporation Law of the State of Delaware and the Certificate of Incorporation of DigitalPortal Inc., a Delaware
corporation (the “Corporation”). In the event of a direct conflict between the provisions of these Bylaws and the mandatory provisions of the Delaware General Corporation Law or the provisions of the Certificate of Incorporation of the
Corporation, such provisions of the Delaware General Corporation Law or the Certificate of Incorporation of the Corporation, as the case may be, will be controlling.

ARTICLE I
OFFICES

        Section 1.1  Registered Office and Agent. The registered office and registered agent of the Corporation shall be as designated from time to time by the
appropriate filing by the Corporation in the office of the Secretary of State of the State of Delaware. The initial registered office of the Corporation shall be established at 1209 Orange Street, City of Wilmington, County of New Castle, Delaware 19801.
The initial registered agent of the Corporation at such registered office shall be The Corporation Trust Company.

        Section 1.2  Other Offices. The Corporation may also have offices at such other places, both within and without the State of Delaware, as the Board of Directors
from time to time  determines or as the business of the Corporation from time to time requires.

ARTICLE II
STOCKHOLDERS

        Section 2.1  Place of Meetings. All meetings of stockholders shall be held at such place within or without the State of Delaware as may be designated from time to
time by the Board of Directors, the Chairman of the Board or the President or, if not so designated, at the registered office of the Corporation.

        Section 2.2  Annual Meeting. The annual meeting of stockholders for the election of directors and Chairman of the Board and for the transaction of such other
business as may properly be brought before the meeting shall be held on a date to be fixed by the Board of Directors, the Chairman of the Board or the President (which date shall not be a legal holiday in the place where the meeting is to be held) at the
time and place to be fixed by the Board of Directors, the Chairman of the Board or the President and stated in the notice of the meeting. If no annual meeting is held in accordance with the foregoing provisions, the Board of Directors shall cause the
meeting to be held as soon thereafter as convenient. If no annual meeting is held in accordance with the foregoing provisions, a special meeting may be held in lieu of the annual meeting, and any action taken at the annual meeting, and in such case all
references in
these Bylaws to the annual meeting of the stockholders shall be deemed to refer to such special meeting.

              Section 2.3  Special Meetings. Special meetings of stockholders may be called at any time only by the Chairman of the Board of
Directors, the President or  fifty percent (50%) of the Board of Directors. Business transacted at any special meeting of stockholders shall be limited to matters relating to the purpose or purposes stated in the notice of meeting.

              Section 2.4  Notice of Meetings. Except as otherwise provided by law, written notice of each meeting of stockholders, whether
annual or special, shall be given not less than ten (10) nor more than sixty (60) days before the date of the meeting to each stockholder entitled to vote at such meeting. The notices of all meetings shall state the place, date and hour of the meeting.
The notice of a special meeting shall state, in addition, the purpose or purposes for which the meeting is called. If mailed, notice is given when deposited in the United States mail, postage prepaid, directed to the stockholder at the stockholder’s
address as it appears on the records of the Corporation.

15

              

              Section 2.5  Voting List. The officer who has charge of the stock ledger of the Corporation shall prepare, at least ten (10)
days before every meeting of stockholders, a complete list of the stockholders entitled to vote at the meeting, arranged in alphabetical order, and showing the address of each stockholder and the number of shares registered in the name of each
stockholder. Such list shall be open to the examination of any stockholder, for any purpose germane to the meeting, during ordinary business hours, for a period of at least ten (10) days prior to the meeting, at a place within the city where the meeting
is to be held. The list shall also be produced and kept at the time and place of the meeting during the whole time of the meeting, and may be inspected by any stockholder who is present.

              Section 2.6  Quorum. Except as otherwise provided by law, the Certificate of Incorporation or these Bylaws, the holders of a
majority of the shares of the capital stock of the Corporation issued and outstanding and entitled to vote at the meeting, present in person or represented by proxy, shall constitute a quorum for the transaction of business.

              Section 2.7  Adjournments. Any meeting of stockholders may be adjourned to any other time and to any other place at which a
meeting of stockholders may be held under these Bylaws by the stockholders present or represented at the meeting and entitled to vote, although less than a quorum, or, if no stockholder is present, by any officer entitled to preside at or to act as
Secretary of such meeting. It shall not be necessary to notify any stockholder of any adjournment of less than thirty (30) days if the time and place of the adjourned meeting are announced at the meeting at which adjournment is taken, unless after the
adjournment a new record date is fixed for the adjourned meeting. At the adjourned meeting, the Corporation may transact any business which might have been transacted at the original meeting.

              Section 2.8  Voting and Proxies. Each stockholder shall have one vote for each share of stock entitled to vote held of record
by such stockholder and a proportionate vote for each fractional share so held, unless otherwise provided by law, the Certificate of Incorporation or these Bylaws. Each stockholder of record entitled to vote at a meeting of stockholders, or to express
consent or dissent to corporate action in writing without a meeting, may vote or express such consent or dissent in person or may authorize another person or persons to vote or act for him by proxy executed in writing (or in such other manner permitted by
the General Corporation Law of the State of Delaware) by the stockholder or his authorized agent and delivered or transmitted to the Secretary of the Corporation. No such proxy shall be voted or acted upon after three (3) years from the date of its
execution, u
nless the proxy expressly provides for a longer period. 

              Section 2.9  Action at Meeting. When a quorum is present at any meeting, the holders of a majority of the stock present or
represented and voting on a matter (or if there are two or more classes of stock entitled to vote as separate classes, then in the case of each such class, the holders of a majority of the stock of that class present or represented and voting on a matter)
shall decide any matter to be voted upon by the stockholders at such meeting, except when a different vote is required by express provision of law, the Certificate of Incorporation or these Bylaws. Any election by stockholders shall be determined by a
plurality of the votes cast by the stockholders entitled to vote at the election.

              Section 2.10  Nomination of Directors. Only persons who are nominated in accordance with the following procedures shall be
eligible for election as directors. Nomination for election to the Board of Directors of the Corporation at a meeting of stockholders may be made by the Board of Directors or by any stockholder of the Corporation entitled to vote for the election of
directors at such meeting who complies with the notice procedures set forth in this Section 2.10. Such nominations, other than those made by or on behalf of the Board of Directors, shall be made by timely notice in writing to the Secretary of the
Corporation. To be timely, a stockholder’s notice must be delivered to, or mailed and received by, the Secretary at the principal executive offices of the Corporation not less than  thirty (30) days nor more than ninety (90) days prior to the first
anniversary of the pr
eceding year’s annual meeting; provided, however, that (i) in the event that the date of the annual meeting is advanced by more than twenty (20) days, or delayed by more than seventy (70) days, from such anniversary date, notice by the
stockholder to be timely must be so delivered or received not earlier than the ninetieth day prior to such annual meeting and not later than the close of business on the later of the thirtieth  day prior to such annual meeting or the fifteenth day
following the day on which notice of the date of such annual meeting was mailed or public disclosure of the date of such annual meeting was made, whichever first occurs, and (ii) with respect to the annual meeting of stockholders of the Corporation
to be held in the year 2001, to be timely, a stockholder’s notice must be so received not earlier than the ninetieth day prior to such annual meeting and not later than the close of business on the later of (A) the thirtieth day prior to such
annual meeting and (B)
 the fifteenth day following the day on which notice of the date of such 

4

annual meeting was mailed or public disclosure of the date of such annual meeting was made, whichever first occurs. As to the stockholder giving the notice (i) the name and address, as they appear on the Corporation’s
books, of such stockholder and (ii) the class and number of shares of the Corporation which are beneficially owned by such stockholder. The Corporation may require any proposed nominee to furnish such  information as may reasonably be required by the
Corporation to determine the eligibility of such proposed nominee to serve as a director of the Corporation.

              The chairman of the meeting may, if the facts warrant, determine and declare to the meeting that a nomination was not made in accordance with
the foregoing procedure, and if he should so determine, he shall so declare to the meeting and the defective nomination shall be disregarded.

              Section 2.11  Notice of Business at Annual Meetings. At an annual meeting of the stockholders, only such business shall be
conducted as shall have been properly brought before the meeting. To be properly brought before an annual meeting, business must be (a) specified in the notice of meeting (or any supplement thereto) given by or at the direction of the Board of
Directors, (b) otherwise brought before the meeting by or at the direction of the Board of Directors, or (c) otherwise properly brought before an annual meeting by a stockholder. For business to be properly brought before an annual meeting by a
stockholder, if such business relates to the election of directors of the Corporation, the procedures in Section 2.10 must be complied with. If such business relates to any other matter, the stockholder must have given timely notice thereof in writing to
the Secretary
 . To be timely, a stockholder’s notice must be delivered to, or mailed and received by, the Secretary at the principal executive offices of the Corporation not less than seventy (70) days nor more than ninety (90) days prior to the first anniversary
of the preceding year’s annual meeting; provided, however, that (i) in the event that the date of the annual meeting is advanced by more than twenty (20) days, or delayed by more than seventy (70) days, from such anniversary date, notice by the
stockholder to be timely must be so delivered or received not earlier than the ninetieth day prior to such annual meeting and not later than the close of business on the later of the seventieth day prior to such annual meeting or the tenth day following
the day on which notice of the date of such annual meeting was mailed or public disclosure of the date of such annual meeting was made, whichever first occurs, and (ii) with respect to the annual meeting of stockholders of the Corporation to be held
in t
he year 2001, to be timely, a stockholder’s notice must be so received not earlier than the ninetieth day prior to such annual meeting and not later than the close of business on the later of (A) the sixtieth day prior to such annual meeting
and (B) the tenth day following the day on which notice of the date of such annual meeting was mailed or public disclosure of the date of such annual meeting was made, whichever first occurs. A stockholder’s notice to the Secretary shall set
forth as to each matter the stockholder proposes to bring before the annual meeting (a) a brief description of the business desired to be brought before the annual meeting and the reasons for conducting such business at the annual meeting, (b) 
the name and address, as they appear on the Corporation’s books, of the stockholder proposing such business, (c) the class and number of shares of the Corporation which are beneficially owned by the stockholder, and (d) any material
interest of the s
tockholder in such business.  Notwithstanding anything in these Bylaws to the contrary, no business shall be conducted at any annual meeting except in accordance with the procedures set forth in this Section 2.11 and except that any stockholder
proposal which complies with rule 14a-8 of the proxy rules (or any successor provision) promulgated under the Securities Exchange Act of 1934, as amended, and is to be included in the Corporation’s proxy statement for an annual meeting of
stockholders shall be deemed to comply with the requirements of this Section 2.11.

              The chairman of the meeting shall, if the facts warrant, determine and declare to the meeting that business was not properly brought before the
meeting in accordance with the provisions of this Section 2.11, and if he should so determine, the chairman shall so declare to the meeting that any such business not properly brought before the meeting shall not be transacted.

              Section 2.12  Inspectors. The Board of Directors may, in advance of any meeting of stockholders, appoint one or more
inspectors to act at such meeting or any adjournment thereof. If any of the inspectors so appointed shall fail to appear or act, the chairman of the meeting may appoint one or more inspectors. Each inspector, before entering upon the discharge of his
duties, shall take and sign an oath to execute faithfully the duties of inspector at such meeting with strict impartiality and according to the best of his ability. The inspectors shall determine the number of shares represented at the meeting, the
existence of a quorum, and the validity and effect of proxies and shall receive votes, ballots, or consents, hear and determine all challenges and questions arising in connection with the right to vote, count and tabulate all votes, ballots, or consents,
determine the results,
and do such acts as are proper to conduct the election or vote with fairness to all stockholders. On request of the chairman of the meeting, the inspectors shall make a report in writing of any challenge, request or matter determined by them 

5

and shall execute a certificate of any fact found by them. No director or candidate for the office of director shall act as an inspector of an election of directors. Inspectors need not be stockholders.

        Section 2.13  Action without Meeting. Unless otherwise provided in the Certificate of Incorporation, any action required or permitted to be taken by stockholders
for or in connection with any corporate action may be taken without a meeting, without prior notice and without a vote, if a consent or consents in writing, setting forth the action so taken, shall be signed by the holders of outstanding stock having not
less than the minimum number of votes that would be necessary to authorize or take such action at a meeting at which all shares entitled to vote thereon were present and voted and shall be delivered to the Corporation by delivery to its registered office
in Delaware or to its principal place of business by hand or certified or registered mail, return receipt requested, or to an officer or agent of the Corporation having custody of the book in which proceedings of meetings of stockholders are recorded.
Each su
ch written consent shall bear the date of signature of each stockholder who signs the consent. No written consent shall be effective to take the corporate action referred to therein unless written consents signed by a number of stockholders  sufficient
to take such action are delivered to the Corporation in the manner specified in this paragraph within sixty (60) days of the earliest dated consent so delivered.

        If action is taken by consent of stockholders and in accordance with the foregoing, there shall be filed with the records of the meetings of stockholders the writing or writings
comprising such consent.

        If action is taken by less than unanimous consent of stockholders, prompt notice of the taking of such action without a meeting shall be given to those who have not consented in
writing and a certificate signed and attested to by the Secretary of the Corporation that such notice was given shall be filed with the records of the meetings of stockholders.

        In the event that the action which is consented to is such as would have required the filing of a certificate  under any provision of the General Corporation Law of the State of
Delaware, if such action had been voted upon by the stockholders at a meeting thereof, the certificate filed under such provision shall state, in lieu of any statement required by such provision concerning a vote of stockholders, that written consent has
been given under Section 228 of said General Corporation Law and that written notice has been given as provided in such Section 228.

        Notwithstanding the foregoing, if at any time the Corporation shall have a class of stock registered pursuant to the provisions of the Securities Exchange Act of 1934, as amended,
for so long as such class is registered, any action by the stockholders of such class must be taken at an annual or special meeting of stockholders and may not be taken by written consent.

        Section 2.14  Organization. The Chairman of the Board, or in his absence the Vice Chairman of the Board designated by the Chairman of the Board, if any, or the
President, in the order named, shall call meetings of the stockholders to order, and shall act as chairman of such meeting; provided, however, that the Board of Directors may appoint any stockholder to act as chairman of any meeting in the absence of the
Chairman of the Board. The Secretary of the Corporation shall act as secretary at all meetings of the stockholders; but in the absence of the Secretary at any meeting of the stockholders, the presiding officer may appoint any person to act as secretary of
the meeting.

ARTICLE III
DIRECTORS

        Section 3.1  General Powers. The business and affairs of the Corporation shall be managed by or under the direction of a Board of Directors, who may exercise all
of the powers of the Corporation except as otherwise provided by law, the Certificate of Incorporation or these Bylaws. In the event of a vacancy in the Board of Directors, the remaining directors, except as otherwise provided by law, may exercise the
powers of the full Board until the vacancy is filled.

        Section 3.2  Number; Election and Qualification. Unless and until changed by amendment to this bylaw, the number of directors which shall constitute the whole
Board of Directors shall be four. The directors shall be elected at the annual or special meeting of stockholders or by written consent. Directors need not be stockholders of the Corporation.

6

        Section 3.3  Terms of Office. Each director shall serve until the next annual meeting after he or she is elected ; provided, that the term of each director shall
be subject to the election and qualification of his successor and to his earlier death, resignation or removal.

        Section 3.4  Vacancies. Any vacancy in the Board of Directors, however occurring, including a vacancy resulting from an enlargement of the size of the Board,
shall be filled by appointment by a majority of the directors then in office, although less than a quorum, or by a sole remaining director, and such appointee shall hold office for the unexpired term in respect of which such vacancy occurred or until the
next election of directors by stockholders, subject to the election and qualification of a successor and to the earlier death, resignation or removal of the appointee. Notwithstanding the foregoing, for so long as that certain Stockholders Agreement,
dated as of August 7, 2000, by and between the Corporation and its stockholders (the “Stockholders Agreement”), shall be in effect, (i) if the office of a director designated under such Stockholders Agreement becomes vacant by reason of
death, disabili
ty, resignation or removal, the remaining directors shall appoint a successor to such office as the party entitled under the Stockholders’ Agreement to designate such director or such party’s assignee shall direct; and (ii) if the office of a
director designated under such Stockholders Agreement becomes vacant by reason of enlargement of the board, the remaining directors shall appoint a director to such office so as to conform with Section 4(a) of the Stockholders’ Agreement. 

        Section 3.5  Resignation. Any director may resign by delivering his written resignation to the Corporation at its principal office or to the President or
Secretary. Such resignation shall be effective upon receipt unless it is specified to be effective at some other time or upon the happening of some other event.

        Section 3.6  Annual Meetings. Annual meetings of the Board of Directors shall be held without notice immediately following and at the same place as the annual
meeting of stockholders.

        Section 3.7  Regular Meetings. Regular meetings of the Board of Directors shall be held at least on a quarterly basis, with fourteen (14) days written notice, at
such time and place, either within or without the State of Delaware, as shall be determined from time to time by the Board of Directors; provided that any director who is absent when such a determination is made shall be given notice of the determination;
and provided that at least one regular meeting a year shall be held in Grenoble, France and at least one meeting a year shall be held in Sunnyvale, CA.

        Section 3.8  Special Meetings. Special meetings of the Board of Directors may be held at any time and place, within or without the State of Delaware, designated
in a call by the Chairman of the Board, President, two or more directors, or by one director in the event that there is only a single director in office.

        Section 3.9  Notice of Special Meetings. Notice of any special meeting of directors shall be given to each director by the Secretary or by the officer or one of
the directors calling the meeting. Notice shall be duly given to each director (i) by giving notice to such director in person or by telephone at least 72 hours in advance of the meeting, (ii) by sending a telegram, telecopy, telex or electronic
mail message, or delivering written notice by hand, to his last known business or home address at least 72 hours in advance of the meeting, or (iii) by mailing written notice to his last known business or home address at least 14 days in advance of
the meeting. A notice or waiver of notice of a meeting of the Board of Directors need not specify the purposes of the meeting.

        Section 3.10  Meetings by Telephone Conference Calls. Directors or any members of any committee designated by the directors may participate in a meeting of the
Board of Directors or such committee by means of conference telephone or similar communications equipment by means of which all persons participating in the meeting can hear each other, and participation by such means shall constitute presence in person
at such meeting.

        Section 3.11  Quorum. A majority of the total number of the whole Board of Directors shall constitute a quorum at all meetings of the Board of Directors. In the
absence of a quorum at any such meeting, a majority of the directors present may adjourn the meeting from time to time without further notice other than announcement at the meeting, until a quorum shall be present.

        Section 3.12  Required Consent. At any meeting of the Board of Directors at which a quorum is present, the vote of a majority of those present shall be sufficient
to take any action, unless a different vote is specified by law, the Certificate of Incorporation or these Bylaws

        Section 3.13  *

   *    INDICATES THAT CERTAIN INFORMATION ON THIS PAGE HAS BEEN OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO RULE 24b-2. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH RESPECT
TO THE OMITTED PORTIONS.

7

        Section 3.14  Action by Consent. Any action required or permitted to be taken at any meeting of the Board of Directors or of any committee of the Board of
Directors may be taken without a meeting, if all members of the Board or committee, as the case may be, consent to the action in writing, and the written consents are filed with the minutes of proceedings of the Board or committee.

        Section 3.15  Presumption of Assent. A director of the Corporation who is present at the meeting of the Board of Directors at which action on any corporate matter
is taken shall be presumed to have assented to the action unless his dissent shall be entered in the minutes of the meeting or unless he shall file his written dissent to such action with the person acting as secretary of the meeting before the
adjournment thereof or shall forward any dissent by certified or officer is present at or participates in the meeting of the Board of Directors or a committee of the Board of Directors which authorizes the contract or transaction or solely because his or
their votes are counted for such purpose if:

        Section 3.16  Committees.  The Board of Directors may designate one or more committees, each committee to consist of one or more of persons, who need not be
directors of the Corporation.  The Board may designate one or more persons as alternate members of any committee, who may replace any absent or disqualified member at any meeting of the committee.  In the absence or disqualification of a member of a
committee, the member or members of the committee present at any meeting and not disqualified from voting, whether or not he or they constitute a quorum, may unanimously appoint another person to act at the meeting in the place of any such absent or
disqualified member.  Any such committee, to the extent provided in the resolution of the Board of Directors and subject to the provisions of the General Corporation Law of the State of Delaware, shall have and may exercise all the powers and authority of
the Board of Direc
tors in the management of the business and affairs of the Corporation and may authorize the seal of the Corporation to be affixed to all papers which may require it; provided that committees containing members who are not directors shall serve on such
committees in an advisory capacity only.  Each such committee shall keep minutes and make such reports as the Board of Directors may from time to time request.  Except as the Board of Directors may otherwise determine, any committee may make rules for the
conduct of its business, but unless otherwise provided by the directors or in such rules, its business shall be conducted as nearly as possible in the same manner as is provided in these Bylaws for the Board of Directors.

        Section 3.17  Compensation of Directors.  Directors may be paid such compensation for their services and such reimbursement for expenses of attendance at meetings
as the Board of Directors may from time to time determine.  No such payment shall preclude any director from serving the Corporation or any of its parent or subsidiary corporations in any other capacity and receiving compensation for such service.

ARTICLE IV
OFFICERS

        Section 4.1  Enumeration.  The officers of the Corporation shall consist of a Chairman, a President and Chief Executive Officer, a Secretary, a Treasurer and such
other officers with such other titles as the Board of Directors shall determine, including a Vice Chairman of the Board and one more Vice Presidents, Assistant Treasurers and Assistant Secretaries.  The Board of Directors may appoint such other officers
as it may deem appropriate

        Section 4.2  Election.  During the Restricted Period (as defined in the Stockholders’ Agreement), the Chairman shall be appointed annually in accordance with
Section 5 of the Stockholders’ Agreement.  The President and Chief Executive Officer, the Treasurer and the Secretary shall be appointed annually by the Board of Directors at its first meeting following the annual meeting of stockholders; provided
that the President and Chief Executive Officer shall be appointed only with the approval of both Approval Agents.  Other officers may be appointed by the Board of Directors at such meeting or at any other meeting. 

        Section 4.3  Qualification.  No officer need be a stockholder.  Any two or more offices may be held by the same person; provided that the President and Chief
Executive Officer shall not serve as Chairman.

        Section 4.4  Tenure.  Except as otherwise provided by law, by the Certificate of Incorporation or by these Bylaws, each officer shall hold office until his
successor is elected and qualified, unless a different term is specified in the vote choosing or appointing him, or until his earlier death, resignation or removal.

        Section 4.5  Resignation and Removal.  Any officer may resign by delivering his or her written resignation to the Corporation at its principal office or to the
President or Secretary.  Such resignation shall be 

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effective upon receipt unless it is specified to be effective at some other time or upon the happening of some other event.

        Any officer, other than the Chairman and President and Chief Executive Officer, may be removed at any time, with or without cause, by vote of a majority of the entire number of
directors then in office.  The Chairman and President and Chief Executive Officer may be removed at any time, with or without cause, by the vote of the holders of  a majority of the shares of capital stock of the Corporation issued and outstanding and
entitled to vote.

        Except as the Board of Directors may otherwise determine, no officer who resigns or is removed shall have any right to any compensation as an officer for any period following his
resignation or removal, or any right to damages on account of such removal, whether his compensation be by the month or by the year or otherwise, unless such compensation is expressly  provided in a duly authorized written agreement with the Corporation.

        Section 4.6  Vacancies.  The Board of Directors may fill any vacancy occurring in any office for any reason and may, in its discretion, leave unfilled for such
period as it may determine any offices, other than those of President and Chief Executive Officer, Treasurer and Secretary.  Each such successor shall hold office for the unexpired term of his predecessor and until his successor is elected and qualified,
or until his earlier death, resignation or removal. Notwithstanding the foregoing, (a) for so long as the Stockholders’ Agreement shall be in effect, if the office of Chairman becomes vacant, the remaining directors shall appoint a successor to such
office as the party entitled under the Stockholders’ Agreement to designate the Chairman or such party’s assignee shall direct; and (b) if the office of President and Chief Executive Officer becomes vacant, the Board shall appoint a successor to
such
office only with approval of both Approval Agents.

        Section 4.7  Chairman of the Board and Vice Chairman of the Board.  The Chairman of the Board shall perform such duties and possess such powers as are assigned to
him by the Board of Directors.  Unless otherwise provided by the Board of Directors, he shall preside at all meetings of the stockholders and at all meetings of the Board of Directors.  If the Board of Directors appoints a Vice Chairman of the Board, he
shall, in the absence or disability of the Chairman of the Board, perform the duties and exercise the powers of the Chairman of the Board and shall perform such other duties and possess such other powers as may from time to time be vested in him by the
Board of Directors. 

        

          Section 4.8  President and Chief Executive Officer.  The President and Chief Executive Officer shall be the general manager of the Corporation and
shall have general charge and supervision of the business of the Corporation.  He shall perform such other duties and shall have such other powers as the Board of Directors may from time to time prescribe.  The President and Chief Executive Officer shall,
in no event, fulfill the position of Chairman of the Board.

        Section 4.9  Vice Presidents.  Any Vice Presidents shall perform such duties and possess such powers as the Board of Directors or the President may from time to
time prescribe.  In the event of the absence, inability or refusal to act of the President, the Vice President (or if there shall be more than one, the Vice Presidents in the order determined by the Board of Directors) shall perform the duties of the
President and when so performing shall have all the powers of and be subject to all the restrictions upon the President.  The Board of Directors may assign to any Vice President the title of Executive Vice President, Senior Vice President or any other
title selected by the Board of Directors.

        Section 4.10  Secretary and Assistant Secretaries.  The Secretary shall perform such duties and shall have such powers as the Board of Directors or the President
may from time to time prescribe.  In addition, the Secretary shall perform such duties and have such powers as are incident to the office of the secretary, including without limitation the duty and power to give notices of all meetings of stockholders and
special meetings of the Board of Directors and keep a record of the proceedings, to maintain a stock ledger and prepare lists of stockholders and their addresses as required, to be custodian of corporate records and the corporate seal and to affix and
attest to the same on documents.

        Any Assistant Secretary shall perform such duties and possess such powers as the Board of Directors, the President or the Secretary may from time to time prescribe.  In the event
of the absence, inability or refusal to act of the Secretary, the Assistant Secretary (or if there shall be more than one, the Assistant Secretaries in the order determined by the Board of Directors) shall perform the duties and exercise the powers of the
Secretary.

9

        In the absence of the Secretary or any Assistant Secretary at any meeting of stockholders or directors, the person presiding at the meeting shall designate a temporary secretary
to keep a record of the meeting.

        Section 4.11  Treasurer and Assistant Treasurer.  The Treasurer shall perform such duties and shall have such powers as may from time to time be assigned to him
or her by the Board of Directors or the President.  In addition, the Treasurer shall perform such duties and have such powers as are incident to the office of treasurer, including without limitation the duty and power to keep and be responsible for all
funds and securities of the Corporation, to deposit funds of the Corporation in depositories selected in accordance with these Bylaws, to disburse such funds, and to render, as required by the Board of Directors, statements of all such transactions and of
the financial condition of the Corporation.

        The Assistant Treasurers shall perform such duties and possess such powers as the Board of Directors, the President or the Treasurer may from time to time prescribe.  In the event
of the absence, inability or refusal to act of the Treasurer, the Assistant Treasurer (or if there shall be more than one, the Assistant Treasurers in the order determined by the Board of Directors) shall perform the duties and exercise the powers of the
Treasurer.

        Section 4.12  Salaries.  Officers of the Corporation shall be entitled to such salaries, compensation or reimbursement as shall be fixed or allowed from time to
time by the Board of Directors.

ARTICLE V
CAPITAL STOCK

        Section 5.1  Issuance of Stock.  Unless otherwise voted by the stockholders and subject to the provisions of the Certificate of Incorporation, the whole or any
part of any unissued balance of the authorized capital stock of the Corporation or the whole or any part of any unissued balance of the authorized capital stock of the Corporation held in its treasury may be issued, sold, transferred or otherwise disposed
of by vote of the Board of Directors in such manner, for such consideration and on such terms as the Board of Directors may determine.

        Section 5.2  Certificates of Stock.  Every holder of stock of the Corporation shall be entitled to have a certificate, in such form as may be prescribed by law
and by the Board of Directors, certifying the number and class of shares owned by him or her in the Corporation.  Each such certificate shall be signed by, or in the name of the Corporation by, the Chairman or Vice Chairman, if any, of the Board of
Directors, or the President or a Vice President, and the Treasurer or an Assistant Treasurer, or the Secretary or an Assistant Secretary of the Corporation.  Any or all of the signatures on the certificate may be a facsimile.

        Each certificate for shares of stock which are subject to any restriction on transfer pursuant to the Certificate of Incorporation, these Bylaws, applicable securities laws or any
agreement among any number of stockholders, or among such holders and the Corporation, shall have conspicuously noted on the face or back of the certificate either the full text of the restriction or a statement of the existence of such restriction.

        Section 5.3  Transfers.  Except as otherwise established by rules and regulations adopted by the Board of Directors, and subject to applicable law, shares of
stock may be transferred on the books of the Corporation by the surrender to the Corporation or its transfer agent of the certificate representing such shares properly endorsed or accompanied by a written assignment or power of attorney properly executed,
and with such proof of authority or the authenticity of signature as the Corporation or its transfer agent may reasonably require.  Except as may be otherwise required by law, by the Certificate of Incorporation or by these Bylaws, the Corporation shall
be entitled to treat the record holder of stock as shown on its books as the owner of such stock for all purposes, including the payment of dividends and the right to vote with respect to such stock, regardless of any transfer, pledge or other disposition
of such
 stock until the shares have been transferred on the books of the Corporation in accordance with the requirements of these Bylaws.

        Section 5.4  Lost, Stolen or Destroyed Certificates.  The Corporation may issue a new certificate of stock in place of any previously issued certificate alleged
to have been lost, stolen or destroyed, upon such terms and conditions as the Board of Directors may prescribe, including the presentation of reasonable evidence of such loss, theft or destruction and the giving of such indemnity as the Board of Directors
may require for the protection of the Corporation or any transfer agent or registrar.

        Section 5.5  Record Date.  The Board of Directors may fix, in advance, a date as a record date for the determination of the stockholders entitled to notice of or
to vote at any meeting of stockholders, or entitled to 

10

receive payment of any dividend or other distribution or allotment of any rights in respect of any change, conversion or exchange of stock, or for the purpose of any other lawful action.  Such record date shall not be more than
sixty (60) nor less than ten (10) days before the date of such meeting, nor more than sixty (60) days prior to any other action to which such record date relates.

        If no record date is fixed, the record date for determining stockholders entitled to notice of, or to vote at, a meeting of stockholders shall be at the close of business on the
day before the day on which notice is given, or, if notice is waived, at the close of business on the day before the day on which the meeting is held.  The record date for determining stockholders for any other purpose shall be at the close of business on
the day on which the Board of Directors adopts the resolution relating to such purpose.

        A determination of stockholders of record entitled to notice of, or to vote at, a meeting of stockholders shall apply to any adjournment of the meeting; provided, however, that
the Board of Directors may fix a new record date for the adjourned meeting.

        Section 5.6    Dividends.  Profits and cash distributions shall be made on an annual basis to stockholders on a pro rata basis, subject to agreed prior
allocations of profit and R&D, reserves and other items approved by the Board of Directors.

ARTICLE VI
GENERAL PROVISIONS

        Section 6.1  Fiscal Year.  Except as from time to time otherwise designated by the Board of Directors, the fiscal year of the Corporation shall begin on the first
day of January in each year and end on the last day of the following December 

        Section 6.2  Corporate Seal.  The corporate seal shall be in such form as shall be approved by the Board of Directors.

        Section 6.3  Waiver of Notice.  Whenever any notice whatsoever is required to be given by law, by the Certificate of Incorporation or by these Bylaws, a waiver of
such notice either in writing signed by the person entitled to such notice or such person’s duly authorized attorney, or by telegraph, cable or any other available method, whether before, at or after the time stated in such waiver, or the appearance
of such person or persons at such meeting in person or by proxy, shall be deemed equivalent to such notice.

        Section 6.4  Voting for Securities.  Except as the directors may otherwise designate, the President or Treasurer may waive notice of, and act as, or appoint any
person or persons to act as, proxy or attorney-in-fact for the Corporation (with or without power of substitution) at any meeting of stockholders or shareholders of any other corporation or organization, the securities of which may be held by the
Corporation.

        Section 6.5  Evidence of Authority.  A certificate by the Secretary, or an Assistant Secretary, or a temporary Secretary, as to any action taken by the
stockholders, directors, a committee or any officer or representative of the Corporation shall, as to all persons who rely on the certificate in good faith, be conclusive evidence of such action.

        Section 6.6  Certificate of Incorporation.  All references in these Bylaws to the Certificate of Incorporation shall be deemed to refer to the Certificate of
Incorporation of the Corporation, as amended and in effect from time to time.

        Section 6.7  Transactions with Interested Parties.  No contract or transaction between the Corporation and one or more of the directors or officers, or between
the Corporation and any other corporation, partnership, association or other organization in which one or more of the directors or officers have a financial interest, shall be void or voidable solely for this reason, or solely because the director or
officer is present at or participates in the meeting of the Board of Directors or a committee of the Board of Directors which authorizes the contract or transaction or solely because his or their votes are counted for such purpose if:

              (1)  The material facts as to his relationship or interest and as to the contract or transaction are disclosed or are known to the
Board of Directors or the committee, and the Board or committee in good faith authorizes the contract or transaction by the affirmative votes of a majority of the disinterested directors, even though the disinterested directors be less than a quorum;

11

              (2)  The material facts as to his relationship or interest and as to the contract or transaction are disclosed or are known to the
stockholders entitled to vote thereon, and the contract or transaction is specifically approved in good faith by vote of the stockholders; or

              (3)  The contract or transaction is fair as to the Corporation as of the time it is authorized, approved or ratified, by the Board of
Directors, a committee of the Board of Directors, or the stockholders.

        Common or interested directors may be counted in determining the presence of a quorum at a meeting of the Board of Directors or of a committee which authorizes the contract or
transaction.

        Section 6.8  Dissolution.  Dissolution of the Corporation shall only be by mutual agreement by the holders of at least two-thirds (2/3) of the shares of capital
stock of the Corporation issued and outstanding and entitled to vote, or at the request of at least half (1⁄2), if (i) the Corporation is unprofitable for two years in succession, or (ii) after exhausting the mechanisms of dispute resolution, the Board
of Directors remains deadlocked on a matter deemed to be essential to the successful future of the Corporation and no buy/sell process is initiated within thirty (30) days, or (iii) bankruptcy or equivalent proceedings are commenced.

        Section 6.9  Severability  Any determination that any provision of these Bylaws is for any reason inapplicable, illegal or ineffective shall not affect or
invalidate any other provision of these Bylaws.

        Section 6.10  Pronouns.  All pronouns used in these Bylaws shall be deemed to refer to the masculine, feminine or neuter, singular or plural, as the identity of
the person or persons may require.

ARTICLE VII
AMENDMENTS

              Except as otherwise provided by law, these Bylaws may be altered, amended or repealed or new bylaws may be adopted by the affirmative vote of
the holders of a majority of the shares of the capital stock of the Corporation issued and outstanding and entitled to vote at any regular or special meeting of stockholders, provided notice of such alteration, amendment, repeal or adoption of new bylaws
shall have been stated in the notice of such regular or special meeting.

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