Document:

Lease Deed

 Exhibit 10.4 
 LEASE DEED 
 This Lease Deed (this “Deed”) is
made and executed at Gurgaon, Haryana on 22nd day of April, 2009 between: 
 Midland Credit Management India Private Limited, a company incorporated under the provisions of the Companies Act, having its registered office at Regus Centre, Eros Corporate Towers, Level 15, Nehru Place, New
Delhi-110019 (hereinafter referred to as the “Lessee” which expression shall, unless it be repugnant to the subject or context, include its successors and assigns) acting through its authorized signatory, Mr. Manu Rikhye, duly
authorized by a resolution of its board of directors passed by a circular resolution dated April 3 2009 to sign this Deed on its behalf. 
 AND 
 R.S. Technologies Private Limited, a company incorporated under the Companies Act, with its registered office at B-4/13,
Safdarjung Enclave, New Delhi-110029 (hereinafter referred to as the “Lessor”, which expression shall, unless it be repugnant to the subject or context, include its successors and permitted assigns), acting through its authorized
signatory, Mr. Pawan Kumar, duly authorized by a resolution of its board of directors passed at their meeting held on April 1 2009 to sign this Deed on its behalf. 
 The Lessor and the Lessee may hereinafter individually be referred to as the “Party” and collectively as the “Parties”. 
 WHEREAS 
  

	A.	The Lessor represents that it is the absolute owner of and is in possession of a plot bearing no. 28-P, Sector 44, Urban Estate, Tehsil and District Gurgaon, measuring 5139 sq.
mtrs., (the “Land”) allotted to it by the Haryana Urban Development Authority (“HUDA”), Gurgaon through an allotment letter dated December 4, 2003. The Lessor has constructed multistoried building on the Land
(hereinafter referred to as portions Tower ‘A’ and Tower ‘B’.) 

  

	B.	 Out of the said multi storied building, the Lessor is desirous of leasing out 83,000 square feet (super area) of Tower A constitutive of the ground, first, second,
third, and fourth floors (collectively referred to as “Demised 

 
Premises”) with an exclusive right to the use of terraces above the fourth floor, and including the Gym, Facilities Room, Storage Space and
ninety six (96) reserved dedicated slots for parking at Basement level 1 and Basement level 2 (free of any charges) – more particularly described in Clause 9.2.1 and Annexure I (“Exclusive Areas”). 
  

	C.	On the request of the Lessee, the Lessor has agreed to grant on lease the Demised Premises to the Lessee to set-up, maintain and operate any business including data processing call
centre related to back office operations for all types of industries such as credit collections, geographic information system, insurance, financial, human resource services, IT support management and other business outsourcing solutions of all
types (collectively referred to as “Business Operations”), along with exclusive access to the Exclusive Areas. 

  

	D.	The Parties wish to enter into this Deed to record the terms and conditions on which the Demised Premises shall be given on lease by the Lessor to the Lessee.

 THE PARTIES TO THIS DEED HAVE AGREED AS FOLLOWS: 
  

	1.	DEFINITIONS AND INTERPRETATION 

  

	1.1	Definitions 

 In this Deed, unless the context
otherwise requires: 
 “Affiliate” means, in relation to any Party, any company or other entity which, directly or
indirectly, controls, is controlled by or is under common control with such Party; the term “control” means ownership of more than 50% of the equity share capital or other voting rights of a company, the power to appoint or elect a
majority of the board of directors of a company, or otherwise to direct the management of a company or other entity, whether through the articles of association of the company, or through a Deed, or otherwise; 
 “Business Operations” shall have the meaning ascribed to it in Recital C; 
 “Companies Act” means the Companies Act, 1956; 
  

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 “Demised Premises” has the meaning ascribed to it in Recital B; 
 “Effective Date” means 22 April 2009; 
 “Exclusive Areas” has the meaning ascribed to it in Recital B 
 “Facilities
Room” has the meaning ascribed to it in Clause 9.2.1; 
 “Force Majeure” means any war, civil commotion, terrorist
acts, riots, strike (except strikes by the Lessee’s employees), governmental action in the form of any sealing/seizure/orders/penalties, lockout, accident, epidemic, acts of god, including without limitation fire, storms, floods, earthquake or
lightning or any other event of any nature or kind whatsoever beyond the control of the Parties that directly or indirectly hinders or prevents the Lessee from accessing or using the Demised Premises and/or the Exclusive Areas; 
 “Gym” has the meaning ascribed to it in Clause 9.2.1; 
 “Lock-in Period” has the meaning ascribed to it in Clause 3.2; 
 “Parking
Area” has the meaning ascribed to it in Clause 9.1(a); 
 “Rent” has the meaning ascribed to it in Clause 5.1 (a);

 “Rent Free Periods” means the Initial Rent Free Period and the Subsequent Rent Free Period. 
 “Rent Escalation” has the meaning ascribed to it in Clause 5.5. 
 “Security Deposit” has the meaning ascribed to it in Clause 6.1; 
 “Storage Space” has the meaning ascribed to it in Clause 9.2.1; 
 “Term” has the meaning ascribed to it in Clause 3.1; 
  

	1.2	Interpretation  

 In this Deed: 
  

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	 	(a)	References to any statute or statutory provision or order or regulation made there under shall include that statute, provision, order or regulation as amended, modified, re-enacted
or replaced from time to time whether before or after the date hereof. 

  

	 	(b)	References to persons shall include body corporate, unincorporated associations, partnerships and any organisation or entity having legal capacity. 

  

	 	(c)	Headings to Clauses are for information only and shall not form part of the operative provisions of this Deed and shall not be taken into consideration in its interpretation or
construction. 

  

	 	(d)	References to Recitals, Clauses or Annexures are, unless the context otherwise requires, are references to recitals, clauses or annexures of this Deed. 

  

	 	(e)	Unless the context otherwise requires, reference to one gender includes a reference to the other, words importing the singular include the plural and vice versa.

  

	 	(f)	References to the words “include” or “including” shall be construed as being suffixed by the term “without limitation”. 

  

	 	(g)	Any reference to time shall be taken to be a reference to Indian Standard Time. 

  

	 	(h)	All capitalised terms in this Deed which are not defined herein shall have the same meaning as in the Deed. 

  

	2.	GRANT OF LEASE 

  

	2.1	In consideration of the Rent and Security Deposit, hereinafter specified, the Lessor grants, demises and leases unto the Lessee, the Demised Premises during the Term subject to and
in accordance with the terms and conditions of this Deed. The right granted to the Lessee under this Deed to the Demised Premises shall include the exclusive right of the Lessee to Exclusive Areas. 

  

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	2.2	The Lessee shall have the exclusive right to the unrestricted and unfettered use and enjoyment of and access to the Demised Premises and the Lessee shall be free to set-up, maintain
and operate the Business Operations and shall otherwise have exclusive right to the unrestricted and unfettered use and enjoyment of and access to all the basement levels and terraces of the Demised Premises. 

  

	2.3	The Lessor shall hand over peaceful, vacant and physical possession of the Demised Premises excluding the fourth floor to the Lessee on 22 April 2009. The Lessor shall hand
over peaceful, vacant and physical possession of the fourth floor to the Lessee for fit outs by 7 June 2009. 

  

	3.	TERM AND TERMINATION 

  

	3.1	Subject to earlier termination of this Deed in accordance with the terms hereof, the term of the lease of the Demised Premises shall commence on the Effective Date and end nine
(9) years thereafter (“Term”). 

  

	3.2	There shall be a lock in period of twenty-four (24) months (“Lock-in-Period”) from the Effective Date during which, neither party can terminate the lease. In
case, the Lessee terminates the lease or vacates the premises (other than due to any default, non-observance or breach by the Lessor of this Deed or due to the occurrence of an event of Force Majeure) prior to the expiry of the
Lock-in-Period, it will be liable to pay rent for the remaining Lock-in-Period. 

  

	3.3	Subject to Clause 3.2 and in addition to any other remedy available to the Lessee under law, during the Term, the Lessee shall have the right to terminate the lease by giving
(a) six (6) months written notice or (b) three (3) months’ Rent in lieu thereof, without assigning any reasons whatsoever. 

  

	3.4	This Deed may also be terminated by the Lessee in the event of the Force Majeure as per Clause 12.3. 

  

	3.5	 Subject to Clause 6.2, in the event of termination of this Deed under sub-clause (a) of Clause 3.3, three months from the date of the Lessee’s notice of
termination the Lessee shall cease payment of Rent hereunder and the Lessor shall adjust the Security Deposit by way of deduction of the Rent due every month from the Security Deposit, provided that the Lessee makes 

  

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good any shortfall in the amount of Rent due and payable at the time of vacating the Demised Premises including due to Rent Escalation. 
  

	4.	HANDOVER OF POSSESSION AND FIT-OUTS 

  

	 4.1
	 The Lessor shall on the Effective Date handover peaceful, vacant and physical possession of the Demised Premises
(excluding the fourth floor), and the Parking Area to the Lessee. The Lessor shall handover peaceful, vacant and physical possession of the Gym, Storage Space and Facilities Room to the lessee by 21 December 2009. 

 

	4.2	The Lessor confirms and agrees that the Lessee shall be permitted to execute and undertake at its own cost, but without damaging the main structure of the Demised Premises,
additional installations, partitions, fitments in any manner (collectively referred to as “Installations”), the absolute ownership of which subject to Clause 4.4 shall remain that of the Lessee free and clear of any claim by the Lessor,
using contractors selected by the Lessee, as may be necessary for the Lessee’s use of the Demised Premises and/or the Exclusive Areas, without any approval from the Lessor. The layout of the Fit-Outs of the Lessee will be shared with the Lessor
and shall be as per building by-laws. 

  

	4.3	The Lessor confirms and agrees that it will at its own cost and expenses procure the proper pressurization of lifts lobbies & staircases as per fire norms, ventilation of
the floors, basements, lifts, lobbies and staircases and ensure proper and adequate smoke extraction system in the basement levels as per fire safety norms applicable. This will be completed before 31 May 2009. 

  

	4.4	 The Lessee confirms and agrees that it will procure and install air-conditioning systems (“AC”) in the Demised Premises, as per its requirements,
from a vendor chosen by the Lessee at its sole option. The Lessor confirms and agrees that it shall pay an amount of Rs. 75,00,000 (Rupees Seventy Five Lakhs only) through its Nominee as its share of the cost of the AC. This amount will be paid by
the Lessor/its Nominee to the Lessee or to the vendor directly as per the Lessee’s instructions. The share of ownership of the AC shall be in proportion to the expenses incurred by the Lessor (though its Nominee) and the Lessee (which shall be
determined by way of the supporting documentation and invoices provided by each of the 

  

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Parties). All taxes including STPI benefits/liabilities shall be to the account of the Lessee. At the time of vacating the Demised Premises the Lessee shall
first offer to the Lessor/its Nominee the option to purchase the Lessee’s share of the AC, at the price derived in the following manner: 

  

	 	(a)	at the relevant time, the Lessee shall seek quotes for the sale of the AC (Lessee’s Share) from three vendors, chosen by the Lessee at its Sole Option, of air-conditioning
systems (“Quotes”); 

  

	 	(b)	the lowest quote of the Quotes shall be determined by the Lessee (“Minimum Quote”); 

  

	 	(c)	the value of the tax benefit for companies on depreciation, calculated at the rate of 15% per annum on a written down value basis for an amount of INR 25,00,000 (Rupees Twenty
Five Lakhs only) (“Tax Benefit”), shall be determined; and 

  

	 	(d)	from the Minimum Quote, the Tax Benefit shall be subtracted to arrive at the price payable by the Lessor /its Nominee to the Lessee. 

 In case the Lessor /its Nomineedoes not accept the offer or the price determined in the manner as aforesaid, the Lessee shall be entitled, at its option,
to uninstall and dispose of the air-conditioning system under its ownership. 
 It is hereby clarified that the annual maintenance charges
incurred on the air-conditioning system will be borne and paid by the Lessor/its Nominee. 
  

	4.5	The Lessor confirms and agrees that it will at its own cost and expense provide for a service lift/dumbwaiter in the Demised Premises for access to the Fourth Floor. Such service
lift/dumbwaiter shall be in addition to the 3 (three) lifts which will be in existence in the Demised Premises on the Effective Date. The installation and commissioning of such service lift/dumbwaiter shall be completed by 31 July 2009.

  

	4.6	The Lessor confirms and agrees that it will at its own cost and expense construct the structure of the additional toilet blocks including the basic plumbing works, at each of floors
of the Demised Premises in addition to the one existing in the Demised Premises at the Effective Date. Each of these toilet blocks shall be completed within 45 days from the Effective Date. The interiors of the toilet blocks such as fixtures and
fittings etc. shall be done by the Lessee at it own cost. 

  

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	4.7	The Lessee, at its sole discretion, shall upon termination of this Deed subject to Clause 4.4, have the right to remove all or part of its Installations in the Demised Premises
and/or the Exclusive Areas without damaging the structure. Further, the Lessee may at its sole discretion sell the Installations in the Demised Premises and/or the Exclusive Areas to the Lessor at a mutually agreeable price.

  

	5.	RENT AND OTHER CHARGES 

  

	5.1	During the Term hereof, the Lessee shall pay to the Lessor total rent of Rs. 65,57,000, (Rupees Sixty-Five Lakhs and Fifty Seven Thousand Only) per month (“Rent”)
plus Service Tax as applicable, calculated as follows: 

  

	 	(i)	Rs. 79 (Rupees Seventy Nine Only) per square foot per month, for the total area of 17922 square feet rented on the ground floor of Demised Premises aggregating to Rs. 14,15,838;

  

	 	(ii)	Rs. 79 (Rupees Seventy Nine Only) per square foot per month, for the total area of 16451 square feet rented on the first floor of Demised Premises aggregating to Rs. 12,99,629;

  

	 	(iii)	Rs. 79 (Rupees Seventy Nine Only) per square foot per month, for the total area of 17194 square feet rented on the second floor of Demised Premises aggregating to Rs. 13,58,326;

  

	 	(iv)	Rs. 79 (Rupees Seventy Nine Only) per square foot per month, for the total area of 17192 square feet rented on the third floor of Demised Premises aggregating to Rs. 13,58,168; and

  

	 	(v)	Rs. 79 (Rupees Seventy Nine Only) per square foot per month, for the total area of 14241 square feet rented on the fourth floor with the exclusive right to use the terraces of the
Demised Premises aggregating to Rs. 11,25,039. 

 The Rent for the various floors shall be payable from the dates mentioned in
Clauses 5.3 and 5.4 below. 
  

	 5.2
	 The Lessee agrees to pay the Lessor, subject to applicable tax and statutory deductions, Rent per month in advance on or
prior to tenth (10th) day of the relevant English calendar month (in respect of which the Rent is due). If such day is not a business day then
the Rent is due the following business day, by a crossed account payee demand draft or cheque in the name of the Lessee. 

  

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The Lessee shall be liable to pay interest on the outstanding amount of Rent @18% per annum in the event of non-payment of Rent for a period of thirty
(30) days from the date when it becomes due. 
  

	5.3	The Rent for the first, second and third floors of the Demised Premises shall become payable by the Lessee to the Lessor upon expiry of three (3) months from the Effective Date
(“Initial Rent Free Period”). 

  

	5.4	The Rent for the ground floor and the fourth floor of the Demised Premises shall be payable by the Lessee to the Lessor upon the expiry of six (6) months from the Effective
Date or three (3) months from the Lessor completing the build out and handing over the possession of the same to the Lessee whichever is later (“Additional Rent Free Period”). Provided that in the event the Lessor has not
obtained the requisite permissions, including fire safety, operation of lifts, occupation certificates, from the relevant statutory authorities within a period of six (6) months from the date of handover of physical possession of the respective
portions of the Demised Premises, the Lessee shall not be liable to pay any Rent for such portion of the Demised Premises from the expiry of six (6) months until such requisite permissions have been obtained for such portion of the Demised
Premises have been obtained and certified true copies of the same are provided to it. In the case of the dumbwaiter, the relevant permissions (if any) shall be obtained at the earliest but not later than six (6) months of the installation
thereof and in the event, all such certificates have not been obtained within the period stipulated, the Lessee shall not be liable to pay any Rent till such time as they are obtained and certified copies provided to the Lessee thereof.

  

	5.5	The Parties agree that there will be an escalation in the Rent, equivalent to fifteen percent (15%) over the last Rent paid, at the end of every three (3) years of the
Term. Such escalated Rent shall also be referred to as the “Rent Escalation”. The first escalation shall be effective from the expiry of three (3) years from the Effective Date (i.e. 22 April 2012) and the Second
escalation will be effective from 6 years from the Effective Date (i.e. 22 April 2015). 

  

	5.6	In the event of any two consecutive defaults in payment of Rent by the Lessee, the Lessor may forthwith at its sole discretion and in addition to any other remedy in law available
to him, eject the Lessee from the Demised Premises and take possession thereof. 

  

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	6.	SECURITY DEPOSIT 

  

	6.1	An interest free refundable security deposit (“Security Deposit”) amounting to Rs. 3,93,42,000 (Rupees Three Crores, Ninety-Three Lakhs and Forty Two Thousand Only)
has been deposited with the Lessor by the Lessee in the following manner: 

  

	 	(a)	One month’s Base Rent amounting to Rs. 65,57,000 (Rupees Sixty-Five Lakhs and Fifty Seven Thousand Only) through a cheque no. 001304 dated 9 March, 2009 drawn on CITI Bank
on 6 March 2009 and 

  

	 	(b)	Five month’s Base Rent amounting to Rs. 3,27,85,000 (Rupees Three Crores, Twenty Seven Lakhs and Eighty Five Thousand Only) through a cheque no. 606425 dated 21 April,
2009 drawn on ABN Amro Bank on the Effective Date. 

  

	6.2	The Security Deposit shall be refunded by the Lessor to the Lessee without any interest, upon expiry of the Term hereof simultaneously upon the Lessee surrendering the peaceful,
vacant possession of the Demised Premises in a clean and clear condition, subject to the deduction of any unpaid Rent and any other dues payable by the Lessee to the Lessor under the terms of this Deed. It is clarified that the Lessor shall not be
entitled to deduct the Rent not payable by the Lessee during the Rent Free Periods and during the periods mentioned under Clause 5.4. On issue of notice of termination in accordance with Clause 3.3, 50% (Fifty percent) of the Security Deposit,
amounting to Rs. 1,96,71,000 (Rupees One Crore, Ninety Six Lakhs, Seventy One Thousand Only) shall be adjusted towards the Rent payable by the Lessee for the notice period of six months and the balance shall be refunded to the Lessee simultaneously
on the Lessee surrendering the possession of the Demised Premises to the Lessor. 

  

	6.3	 In the event that Lessor fails to refund the Security Deposit in accordance with the Deed, after making adjustment of dues if any, the Lessee shall have the right
to (i) retain the possession of the Demised Premises without the payment of any Rent from the date of expiry or earlier termination of this Deed to the date of actual repayment of the Security Deposit; and (ii) claim simple interest at the
rate of eighteen (18)% per annum on the Security 

  

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Deposit from the date of expiry of the Term or the earlier termination of this Deed, until actual payment of the Security Deposit by the Lessor. 

 

	7.	REPRESENTATIONS AND WARRANTIES 

  

	7.1	The Lessor makes the following representations and warranties: 

  

	 	(a)	The Lessor is a legal entity duly incorporated and validly existing in accordance with the laws of India. 

  

	 	(b)	The Lessor has full power and authority to enter into this Deed. 

  

	 	(c)	This Deed constitutes Lessor’s legal, valid and binding obligations enforceable against it in accordance with its terms. 

  

	 	(d)	The Lessor has clear, absolute, unrestricted and unfettered legal and marketable title and ownership rights to the Demised Premises and the Exclusive Areas.

  

	 	(e)	The Lessor is authorised by its memorandum and articles of association and is competent to enter into this Deed. 

  

	 	(f)	All necessary and applicable sanctions and approvals for water and power supply to the Demised Premises and the Exclusive Areas have been obtained by the Lessor.

  

	 	(g)	The Demised Premises and the Exclusive Areas are free from any and all encumbrances, liens and charges of any nature whatsoever except for charges existing for loans or financial
assistance taken by the Lessor from financial institutions as detailed in a certificate dated 1 April 2009 provided by the Lessor on its letterhead to the Lessee. The Lessor shall also inform the Lessee in writing about any and all
encumbrances/charges created after signing of this Deed. 

  

	 	(h)	 The Demised Premises, all the basement levels thereunder and the terraces of the Demised Premises conform to all applicable laws and are constructed in accordance
with the approved building plan, permits or licenses. The Lessor further states that it has not received any notice of non-compliance with any applicable laws, in respect of the 

  

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Demised Premises, any of the basement levels and the terraces thereof, which has not been remedied or which has the potential effect of restricting the use
of the Demised Premises, any of the basement levels and the terraces thereof by the Lessee for the purposes set out herein. 
  

	 	(i)	The structural elements of the Demised Premises and the Exclusive Areas including, but not limited to, the exterior walls, roof, corridors, load bearing walls, and foundation are
(i) sound and in good working order, condition and repair and free of deferred maintenance issues; and (ii) constructed in compliance with all applicable building bye laws in India including in relation to structural stability with
particular attention to the standards defined in relation to seismic risks. 

  

	 	(j)	The electrical load provided for the Demised Premises is 1000 KVA which will be available to the Lessee twenty (24) hours per day, seven (7) days per week throughout the
year and is sufficient for the operations of the Lessee. 

  

	 	(k)	There are no existing court cases, restrictions, interests, encumbrances, charges, or similar limitations or restrictions adversely affecting the unrestricted and unfettered use and
enjoyment by the Lessee of the Demised Premises and the Exclusive Areas. 

  

	 	(l)	The Lessor has all the necessary approvals from the statutory authorities, including but not limited to the Haryana Urban Development Authority, required for entering into this Deed
and for setting-up of, maintaining and operating the Business Operations. 

  

	 	(m)	The Lessor in compliance with all applicable environmental laws in relation to the Demised Premises and the Exclusive Areas. 

  

	 	(n)	 The Lessor is presently maintaining the lifts in the Demised Premises and the Exclusive Areas and operating and running the same on twenty (24) hours per day,
seven (7) days per week throughout the year. Inspite of mechanical defects and /or electrical failure, the Lessor shall ensure that, one of the lifts in the Demised Premises and the Exclusive Areas shall always operate, including, public
holidays. The 

  

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Lessor undertakes to keep and maintain the licenses required for the operation of the lifts in the Demised Premises and the Exclusive Areas for all times
during the Term of this Lease and to get the same inspected and certified periodically, but no later than as required by the applicable laws, by the agency/company maintaining the lifts. 

  

	 	(o)	The fire fighting equipment and other support equipments and facilities meet the prescribed norms and codes of the relevant Government Authorities or any subsequent amendments
thereof and shall also meet the minimum specifications and standards prescribed under the applicable laws and regulations, if any, and undertakes to comply with all legal formalities and requirements in this regard. 

  

	 	(p)	No extra charges shall be levied by the Lessor in respect of the Exclusive Areas & UPS Room made available to the Lessee. 

  

	 	(q)	That the Lessor has made provision of basic facilities as contained in this Deed. However, if any extra facility or change e.g. earth-pit, telephone cable, any other minor civil or
electrical work is sought by the Lessee, it will be provided by the Lessor. However any such changes after six (6) months from the Effective Date shall be at Lessee’s cost. 

  

	 	(r)	That the Lessor, under the terms of allotment from HUDA, shall always abide by the HUDA guidelines/norms in respect of sale/transfer of ownership rights. 

The Lessor acknowledges that the Lessor’s representations and warranties in this Clause 7.1 are a material inducement to the Lessee’s entry
into this Deed. 
  

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	7.2	The Lessee makes the following representations and warranties: 

  

	 	(a)	The Lessee is an entity duly incorporated and validly existing in accordance with the laws of India. 

  

	 	(b)	The Lessee has full power and authority to enter into this Deed. 

  

	 	(c)	The execution of this Deed is not prohibited by its constituent documents nor will its execution contravene provisions of any applicable law or Deed or document to which it is a
party. 

  

	 	(d)	All the corporate approvals required for the execution of this Deed have been obtained. 

  

	7.3	In the event that any Party’s representations and warranties cease to be true and correct at any time during the Term then, notwithstanding any rights that may accrue to such
Party pursuant to Clause 3, such Party shall immediately notify the other Party of the representation(s) and warranty (ies) which have ceased to be true and correct and may suggest corrective action(s) in relation thereto. 

 

	8.	COVENANTS AND OBLIGATIONS 

  

	8.1	The Lessor covenants with the Lessee that during the Term it shall: 

  

	 	(a)	Ensure that the Lessee shall during the Term and have quiet, peaceful and exclusive use, enjoyment and possession of the Demised Premises and the Exclusive Areas.

  

	 	(b)	The Lessee’s employees, authorised representatives, visitors, guests, agents, contractors, vendors etc. shall have absolute and unrestricted use of and access to the Demised
Premises and the Exclusive Areas at all times which means twenty (24) hours per day, seven (7) days per week throughout the year. 

  

	 	(c)	Provide a separate electricity meter or sub-meter and a water meter compliant with the applicable laws in respect of the Demised Premises to measure the internal electricity
consumption, i.e., electricity consumed within the Demised Premises and the water consumption respectively. 

  

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	 	(d)	Provide full support and cooperation to the Lessee for it to obtain a ‘no objection certificate’ and other requisite approval from the statutory authorities for custom
bonding of the Demised Premises. 

  

	 	(e)	Keep the sewers, drains, channels, watercourses, water pipes, sanitary pipes, electric cables and wires and supply line in, under and upon the Demised Premises and Exclusive Areas
and the lavatories in order. Further, to keep the Demised Premises and the Exclusive Areas wind and water tight. 

  

	 	(f)	Operate and run a continuous, adequate and proper air conditioning system and ensure air conditioning facilities to the Demised Premises and the Exclusive Areas for 24 hours per
day, seven (7) days per week throughout the year. 

  

	 	(g)	Supply and maintain continuous 24 hours supply of electricity from the back up generators or other external sources, as the case may be, and ensure continuous supply of water by the
Authorities/other sources to the Demised Premises and the Exclusive Areas. 

  

	 	(h)	Operate and maintain the Demised Premises and the Exclusive Areas consistent with such business practice and standards of maintenance and insurance as are presently being provided
in other corporate buildings and complexes in the vicinity of the Demised Premises. 

  

	 	(i)	Permit the Lessee to install at its cost, its own card-key security system. 

  

	 	(j)	Provide all necessary support , information & documents to the Lessee in coordinating with Customs, STPI, VSNL or any other telecom body to install the necessary
communication equipment, including but not limited to the Microwave Tower, and/or lease lines for satellite voice/data links. In the event, the Lessor intends to raise additional floors/ structures on the Land in addition to the Demised Premises,
the Lessor shall ensure that the VSNL links etc. are not disrupted. 

  

	 	(k)	 Maintain at all times during the Term of this Deed adequate insurance in respect of the Demised Premises and the Exclusive Areas against 

  

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loss due to fire, riot, etc, and pay all premiums in respect of such insurance in a timely manner and provide copies thereof to the Lessor. The Lessee will
at its option get its equipments, furniture and fixtures etc. insured at its own expenses. 

  

	 	(l)	Keep the Demised Premises, the Exclusive Areas and the stairs and passages leading thereto in good and tenantable condition and to do all such structural and other repairs to the
Demised Premises as may be necessary for the convenience, occupation and enjoyment of the Demised Premises and the Exclusive Areas by the Lessee. 

  

	 	(m)	Pay/ reimburse any and all costs incurred for all other exterior, structural and major repairs to the Demised Premises and the Exclusive Areas, including the structure of the
Demised Premises and the Exclusive Areas, roof space, exterior walls, load bearing walls, support beams, foundation, columns, parking facilities shall be provided for by the Lessor at its own cost and expense provided that the cause for repair is
not due to any act or omission of the Lessee. Such costs shall not be reimbursed by the Lessee to the Lessor. The Lessor shall ensure that any repairs and maintenance, construction or any other work that may be required in the Demised Premises and
the Exclusive Areas is done in such a manner as not to interfere with or impair the Lessee’s use or occupancy of the Demised Premises and the Exclusive Areas and keeping in mind acceptable noise and disturbance levels required for conduct of
its business by the Lessee. All repairs and maintenance performed by the Lessor will be of a first class quality and done in a prompt, diligent and good workmanlike manner within a reasonable period, subject to a maximum of fifteen (15) days
from the defect being brought to the notice of the Lessor by the Lessee. Provided that if the Lessor is unable or unwilling to carry out the repairs and maintenance as required by the Lessee within the aforementioned period of fifteen
(15) days then the Lessee shall have the right to carry out such repair and/or maintenance work and adjust and set-off the costs and expenses incurred for such repairs and maintenance against the Rent payable to the Lessor.

  

	 	(n)	 Maintain the structural elements of the Demised Premises and the Exclusive Areas as a first class building suitable for use, and shall maintain the Demised Premises
and the Exclusive Areas in 

  

 Page 16 

	 	 
compliance with all building and zoning codes and all other applicable codes, laws, ordinances, regulations, rules and notifications.

  

	 	(o)	Abide by and comply with all laws, bye-laws, rules and regulations of the local bodies and relevant authorities including all permits, consents, certificates, approvals and other
permissions from all appropriate governmental authorities (including, without limitation, the Haryana Urban Development Authority, Estate Officer etc.) necessary for the lawful occupancy of the Demised Premises and access to the Exclusive Areas, all
the basement levels, terraces and other external and common areas clearly stating the purpose of use that covers the Business Operations. 

  

	 	(p)	In the event the repairs performed by the Lessor, or the occurrence of an event, not due to the fault of the Lessee, that caused the repairs to be performed by the Lessor or the
Lessee, impacts the ability of the Lessee to use the Demised Premises and the Exclusive Areas for its intended use, there shall be an abatement of Rent payable for the portion that becomes unusable for Lessee’s Business Operations , from the
date of the repairs performed by the Lessor or the Lessee, or the occurrence of an event that caused the repairs to be performed by the Lessor or the Lessee, till the date the Demised Premises and the Exclusive Areas is restored to its former
condition. 

  

	 	(q)	Notwithstanding anything to the contrary provided herein, the Lessor shall not lease the Demised Premises and/or Tower B or any part thereof to any third party that is engaged or
proposes to engage in carrying out business of a BPO/call centre and the Lessor shall not lease or has not leased an area out of the Total Built Up Area in the Complex that exceeds the permissable limit for leasing as prescribed by the
Statutory/Government Authorities. 

  

	 	(r)	The Lessor shall give the Lessee a notice in writing within seven (7) days of any claim, litigation, proceeding or investigation which becomes known to it during the Term
relating to the Demised Premises and the Exclusive Areas or the transactions contemplated under this Deed. 

  

 Page 17 

	 	(s)	Lessor shall not do or cause anything to be done with regard to the facilities extended to it by third party lenders, which results in third party lenders taking possession of the
Demised Premises and the Exclusive Areas and/or evicting the Lessee from the Demised Premises and the Exclusive Areas. 

  

	 	(t)	The Lessor shall undertake the maintenance of the Demised Premises and Exclusive Areas through its appointed maintenance agency viz. “Piya Motors Pvt. Ltd.” through a
separate maintenance agreement to be executed between the Lessee and such appointed maintenance agency. 

  

	 	(u)	Provided that in the event Tower B is leased, sub-leased or possession thereof, or of any part thereof, is transferred to a third party (to the extent permitted under Clause 7.1(q)
of this Deed), Lessor shall ensure that any and all activities including the fit-out, signage, occupation, use and business operations by such third party do not interfere in any manner with the rights of the Lessee under this Deed.

  

	8.2	The Lessee covenants with the Lessor that during the Term it shall: 

  

	 	(a)	Pay to the Lessor, the Rent and all other amounts payable by it under this Deed in accordance with the terms of this Deed. 

  

	 	(b)	 Pay to the Lessor, water, and electricity charges for the Demised Premises. The Lessee shall pay 75% (Seventy Five Percent) of the bills of water and sewage charges
for the Demised Premises as per the Actual Bills received by the Lessor by the relevant Authorities / any other source of supply whereas the Lessor shall bear the balance 25% (Twenty Five percent) of such charges. The Lessee shall pay such amounts
within ten (10) days of receipt of an invoice from the Lessor in this regard. For avoidance of any doubt, it is clarified that electricity, water and sewerage charges for all the basement levels, staircases, lifts, terraces and other external
and common areas outside the Demised Premises shall be paid by the Lessor/ Lessor’s nominee. The Lessee will be liable to pay electricity charges as per the sub-meter 

  

 Page 18 

	 	 
readings for the Demised Premises provided that for (i) electricity supply through State Electricity Board charges shall be paid as per the actual
sub-meter readings and (ii) supply through the diesel generator sets (“DG”) charges shall be paid as per the number of units consumed as per the sub-meter. The cost per unit for electricity from the DG shall be calculated on
the basis of the actual cost of consumables required to generate per unit of electricity provided that the Lessor shall provide and certify all supporting documentation and invoices for determining such cost of consumables. It is clarified
that Lessee shall be liable to pay minimum charges prescribed by the State Electricity Board or as per the actual invoice by the State Electricity Board as applicable on 125 KVA till such time the Lessee requests for Load greater than 125 KVA.

  

	 	(c)	That the Lessee shall deliver the vacant possession of the Demised Premises and the Exclusive Areas to the Lessor on the expiration or earlier termination of the lease together with
the Lessor’s fittings, fixtures in such repair or condition as is consistent with the covenants and conditions of this Deed. Other than due to any default or breach by the Lessor of this Deed and subject to Clause 6.2, if the Lessee is unable
to handover the vacant possession of the Demised Premises and the Exclusive Areas on the expiration or earlier termination of the lease, the Lessee shall pay a sum of Rs. 2,00,000/- (Rupees Two Lakh only) per day in addition to the Rent as
Liquidated Damages until delivery of vacant possession of the Demised Premises and the Exclusive Areas. Such payment of damages will be deemed as the cumulative and not exclusive remedy between the Parties hereto for any such non performance of the
obligation to vacate under this Deed. 

  

	 	(d)	 Not keep or store within the Demised Premises and the Exclusive Areas any goods which are of hazardous or combustible nature or otherwise are of a weight, as might
cause the occurrence of any hazard or affect the structure of the Demised Premises and the Exclusive Areas or the lives of any individuals and other occupants 

  

 Page 19 

	 	 
within the Demised Premises and the Exclusive Areas (including health of such individuals). 

  

	 	(e)	Use the Demised Premises only for its and its Affiliates’ Business Operations and shall not carry on or permit to be carried on in the Demised Premises or in any part thereof
any activities which are or are likely to be unlawful, obnoxious or cause nuisance or disturbance to other tenants/occupants in the vicinity. 

  

	9.	PARKING AREA AND ADDITIONAL AMENITIES 

  

	9.1	Parking Area 

  

	(a)	The Lessor shall during the Term provide the Lessee with a total of ninety six (96) car parking spaces in the basement under the Land (“Parking Area”) free of
charge. 

  

	(b)	The Lessee may request the Lessor at any time in the future for additional car or two wheeler parking spaces. Subject to availability, the Lessor shall provide additional car and
two wheeler parking spaces to the Lessee. If additional parking spaces are made available to the Lessee by the Lessor, the Lessee shall make an additional payment at the rate of Rs. 2,000 (Rupees Two Thousand Only) per car parking space so provided.

  

	9.2	Additional Amenities 

  

	9.2.1	The Lessor shall provide to the Lessee, free of charge: 

  

	 	(a)	a basic fully functional gymnasium (“Gym”) for the use of the Lessee in an appropriate partitioned area admeasuring 560 square feet, located in an area as mutually
agreed upon by Parties. The Lessee shall also be allowed to build two showers, changing rooms and bathroom facilities next to the Gym at its own cost and expense for which appropriate space admeasuring approximately 300 square feet will be provided
by the Lessor adjacent to the Gym. 

  

	 	(b)	an appropriate partitioned area for a recreation room, and administration room measuring carpet area of 950 square feet (“Facilities Room”) in an area as mutually
agreed upon by Parties. 

  

 Page 20 

	 	(c)	an appropriately partitioned storage area measuring carpet area of 500 square feet (“Storage Space”) to be located on the Basement Level 1.

	 	(d)	an appropriately partitioned area as mutually agreed between the Parties for installing the uninterruptible power supply (UPS) systems and battery banks. (“UPS
Room”) 

  

	9.2.2	The Gym, Facilities Room and Storage Area shall be fully operational and available for use within a period of 8 months from the Effective Date. 

  

	9.2.3	In the event, the Lessor fails to make available to the Lessee the Gym, Facilities Room and Storage Area within the abovementioned period of 8 months from the Effective Date or if
after these amenities being made available, the right of the Lessee to continuous usage of these amenities is hampered or disturbed, the Lessee shall be entitled to construct a gymnasium, storage space and/or facilities room for its exclusive use
and for the use of its employees and guests – at the cost of the Lessor. It is agreed between the Parties that the Lessee shall be entitled to set-off the cost of construction of amenities under this Clause from the Rent payable by it to the
Lessor for the Demised Premises. 

  

	10.	INDEMNITY 

  

	10.1	The Lessor shall indemnify, defend and hold the Lessee, its Affiliates and their respective officers and employees, harmless from and against any and all actions, costs (including
but not limited to attorneys cost), claims, demands, damages, losses and expenses that may arise from: 

  

	 	(a)	the Lessor’s non-compliance with its obligations and covenants under this Deed; 

  

	 	(b)	 any defects or deficiency or error or discrepancy or shortcoming in the title of the Demised Premises, and/or Land or any one claiming title, right, interest in the
Demised Premises, and/or Land and / or if it is found that approvals / consents including permission from all applicable statutory authorities like Haryana Urban Development Authority, for usage of the Demised Premises for setting-up of, maintaining
and operating the Business Operations, , have not been 

  

 Page 21 

	 	 
obtained or are at any time found to be or become ineffective for any reason whatsoever; 

  

	 	(c)	the Lessor’s failure to comply with the applicable laws, including the approvals, licenses, registrations and consents obtained by the Lessor in respect of the Demised Premises
and/or the Land; 

  

	 	(d)	any breach, defect, deficiency or inadequacy in the Lessor’s representations, warranties, covenant and agreement set out in this Deed; 

  

	 	(e)	any interference with the Lessee’s rights under this Deed whether by the Lessor or any third party (including but not limited to a bank or financial institution);

  

	 	(f)	any inability of the Lessee to exercise its rights in accordance with this Deed; 

  

	 	(g)	on account of Lessee’s use of the Gym, Facilities Room, Storage Area and UPS Room; 

  

	 	(h)	any loss of business or revenue suffered by the Lessee on account of all or any of the Clauses 10.1 (a) to (g) as stated above. 

  

	10.2	This Clause shall survive the expiration or termination of this Deed. 

  

	11.	LESSOR’S RIGHT TO ENTER THE DEMISED PREMISES 

  

	11.1	The Lessor through its duly authorised representative shall have the right from time to time, subject to a maximum of once in two consecutive months, to enter the Demised Premises
during the normal business hours on any working day after providing the Lessee at least seven (7) days prior written notice for the purpose of inspecting the Demised Premises. 

  

	11.2	During such visit, the Lessee shall be at liberty to have its representative accompany the Lessor’s representative; it being clarified that the Lessor’s representative
shall carry an appropriate identification and authority documents and shall undertake the inspection in a manner so as to not cause any inconvenience or interference to the Lessee’s business operations. 

  

 Page 22 

	12.	GENERAL 

  

	12.1	Costs 

 Except as expressly otherwise provided in
this Deed, each of the Parties hereto shall bear its own legal, accountancy and other costs, charges and expenses connected with the negotiation, preparation and implementation of this Deed and any other Deed incidental to or referred to in this
Deed, provided that the costs in respect of stamp duty and registration charges of this Deed shall be borne equally by both the Parties. 
  

	12.2	Assignment, Sub-lease or Sale  

  

	 	(a)	That in the event the Lessor sells or transfers the Demised Premises and/or the Exclusive Areas, either directly or indirectly (including by way of merger or amalgamation), during
the Term to any third party, the Lessor shall ensure that such third party shall be bound by and adheres to the terms and conditions of this Deed to ensure uninterrupted and peaceful enjoyment of the Demised Premises and/or the Exclusive Areas by
the Lessee for the Term by ensuring that such third party executes a deed of adherence confirming all terms and conditions of this Deed and an acknowledgement of all outstanding amounts paid by the Lessee to the Lessor whose benefit shall be
transferred to such third party. The Lessor hereby agrees that the sale of the Demised Premises and/or the Exclusive Areas to any third party shall only be deemed to have occurred (and accordingly be deemed valid and effective), if a deed of
adherence in form and substance mutually agreeable to the Lessee and Lessor is duly executed by such third party and the Lessee. In the event the Lessor decides to securitize the rentals with a bank/financial institutions, Lessor shall have the
option to do so provided Lessee’s rights under this Lease Deed are not affected. 

  

	 	(b)	 During the Term, Affiliate of the Lessee shall have the right to sublease/ use and occupy the Demised Premises and/or the Exclusive Areas which includes
amalgamation of the Lessee within any of its group companies/ Affiliates and/or as may be agreed upon inter se between the Lessee and such Affiliates. Lessee will not be entitled to sub-lease the Demised Premises to any third party which is not an

  

 Page 23 

	 	 
Affiliate. The Lessee shall not sublet the Demised Premises in part or whole without the knowledge, consent and written approval of the Lessor unless such
sublet is to an Affiliate. 

  

	 	(c)	Right of First Refusal: 

  

	 	 (i)
	 In the event the Lessor decides to lease, sub-lease or otherwise transfer possession to any third party all or any
portion of Tower B during the Term, then before concluding such lease, sub-lease or transfer of possession, the Lessor shall provide written notice of such intended lease, sub-lease or transfer of possession to the Lessee specifying in detail the
terms of such intended lease, sub-lease or transfer of possession and shall irrevocably offer to lease, sub-lease or transfer possession to the Lessee Tower B or any applicable portion thereof at the same price and on the same terms as the Lessor
intends to lease, sub-lease or transfer possession of Tower B or any applicable portion thereof to such third party (the “Offer”). The Lessee may accept such Offer within fifteen (15) days of the receipt of such Offer, failing
which, the Lessor shall be free to lease, sub-lease or transfer possession of Tower B or applicable portion thereof to such third party on the same terms and conditions as contained in the Offer. If the terms and conditions of the lease, sub-lease
or transfer of possession of Tower B or applicable portion thereof to the third party are more favourable than those contained in the Offer (this shall include leasing, sub-leasing or transferring possession of Tower B or applicable portion thereof
at a rate which is less than that Offered to the Lessee), the Lessor shall be bound to incorporate such more favourable terms in an amended Offer to the Lessee by again complying with the procedure laid down in this Clause.

  

	 	(ii)	The Lessee will be able to assign the rights and obligations under this Deed in favour of its Affiliates without prior written consent of the Lessor and will ensure that such
Affiliate(s) comply with the terms and conditions of this Deed. In case of any failure to comply with the terms and conditions of this Deed, the lease shall stand terminated and the Lessee will be liable to vacate the premises and to hand over
physical possession of the same to the Lessor with immediate effect, but the Lessee will be liable to pay the Rent for the Lock-in-Period. 

  

 Page 24 

	12.3	Force Majeure 

 Failure on the part of either
Party to perform any of its obligations hereunder (“First Party”) shall not entitle the other Party to raise any claim against the First Party to the extent that such failure of the First Party arises from the occurrence and
continuation of an event of Force Majeure. If through Force Majeure the fulfillment by either Party of any obligation set forth in this Deed will be delayed, the period of such delay will not be counted on in computing the periods
prescribed by this Deed. Any Party failing to perform its obligations under this Deed because of occurrence and continuation of Force Majeure shall give notice in writing to the other Party of such Force Majeure as soon as possible
after such occurrence. Any Party hereto who fails because of Force Majeure to perform his obligations hereunder will upon the cessation of Force Majeure, take all reasonable steps within its power to resume, with the least possible
delay, compliance with its obligations hereunder. If the Force Majeure shall continue for a period exceeding thirty (30) days, the Lessee shall be entitled to terminate the Deed upon giving thirty (30) days written notice to the
Lessor. 
  

	12.4	Signage 

  

	12.4.1	The Lessee shall have the right to use, affix or exhibit any name plates or any writings or any sign boards at the external facade of the Demised Premises, subject to local laws and
with intimation to the Lessor, the absolute ownership of which shall remain that of the Lessee free and clear of any claim by the Lessors, and which is to be removed by the Lessee, at the time of Lessee vacating the Demised Premises The Lessee shall
be entitled to use the terrace of the Demised Premises for its publicity, hoardings, neon signs etc. The Lessee shall solely bear the cost of putting up and installing any such signage on the Demised Premises. For avoidance of any doubt it is
clarified that the Lessor shall not charge any rent or any amount whatsoever from the Lessee for putting up or installing any signage pursuant to this Clause. 

  

	12.4.2	The Lessor shall assist and cooperate with the Lessee in obtaining necessary permissions from governmental authorities and other authorities or adjoining owners and occupants for
the Lessee to place or construct signage in and on the Demised Premises as permitted hereunder. 

  

 Page 25 

	12.5	Property and Municipal Tax 

 The Lessor represents
that all incidences of taxes or levies on property with respect to the Demised Premises as on the Effective Date and for the Exclusive Areas (as on the expiry of 3 months after the Effective Date i.e. when they are operational) including any
enhancements thereof shall be solely borne by the Lessor. If any property tax or levy on the Demised Premises and/or the Exclusive Areas is levied or demand raised by the statutory authorities in respect of the Demised Premises and/or the Exclusive
Areas for a tax, not in force, as on the Effective Date or on the expiry of the 3 months, as the case may be—for the duration of the Term, the same shall be borne by the Lessor and Lessee equally. 
  

	13.	GOVERNING LAW AND JURISDICTION 

 The validity,
construction and performance of this Deed shall be construed and the legal relations between the Parties hereto shall be determined and governed according to the laws of India. The Parties agree to the jurisdiction of the courts of Gurgaon, Haryana.

  

	14.	RELATIONSHIP 

  

	14.1	No provision of this Deed shall be deemed to constitute a partnership or joint venture between the Parties. 

  

	14.2	No provision of this Deed shall constitute either Party as the legal representative or agent of the other, nor shall either Party have the right or authority to assume, create or
incur any liability or any obligation of any kind, express or implied, against, or in the name of, or on behalf of the other Party. 

  

	14.3	No person employed by either Party for the performance of its obligations under this Deed shall be deemed to be an employee of the other Party. Each Party shall be responsible for
the payment of all salaries, employment benefits, etc. with respect to all persons who are engaged by it for the performance of any obligations under this Deed and such person shall not be entitled to any salary benefit or any other claim whatsoever
from or against the other Party. 

  

 Page 26 

	15.	NOTICE 

  

	15.1	Save as otherwise specifically provided in this Deed, any notice, demand or other communication shall be in writing and be served under this Deed may be served upon any Party hereto
only by registered speed post acknowledgement due or delivering the same by courier to the Party to be served at its address below, or at such other address as it may from time to time notify in writing to the other Party hereto.

  

							
	 S.No.
	  	 Name of the Party
	  	 Concerned Official
	  	 Address

	1	  	 RS Technologies Private Limited
 (Lessor)
	  	Mr. SP Yadav	  	 Branch Office: 77A,
 Sector 18, IFFCO Road, Gurgaon
122015

	2	  	 Midland Credit Management India Pvt. Ltd.
 (Lessee)
	  	Mr. Manu Rikhye	  	 Plot # 28-P, Sector 44,
 Gurgaon
122002

  

	15.2	A notice or demand served by registered speed post acknowledgement due or courier shall be deemed duly served forty-eight (48) hours after posting , in the case of a letter,
that such letter was sent properly by registered post, addressed and placed in the post, in the case of courier, that the letter was addressed and delivered to the courier company. 

  

	16.	MISCELLANEOUS 

  

	16.1	Waiver 

  

	 	(a)	The failure of either Party to enforce, in any one or more instances, performance of any of the terms, covenants or conditions of this Deed shall not be construed as a waiver or a
relinquishment of any right or claim granted or arising hereunder or of the future performance of any such term, covenant, or condition, and such failure shall in no way affect the validity of this Deed or the rights and obligations of the Parties
hereto. The Parties acknowledge that a waiver of any term or provision hereof may only be given by a written instrument executed by each Party hereto. 

  

 Page 27 

	 	(b)	Any express waiver by either Party of any default by the other Party shall not constitute a waiver of any other default by the defaulting Party or a waiver of any of the non
defaulting Party’s right. 

  

	16.2	Entire Deed 

 This Deed constitutes the entire Deed
between the Parties and revokes and supersedes all previous Deeds between the Parties, concerning the matters covered herein whether written oral or implied. The terms and condition of this Deed shall not be changed or modified except by written
amendments duly agreed between the Parties. 
  

	16.3	Severability 

 Any provision of this Deed which is
prohibited, unenforceable or is declared or found to be illegal, unenforceable or void in any jurisdiction shall, as to such jurisdiction, be ineffective only to the extent of such prohibition or unenforceability without invalidating the remainder
of such provision or the remaining provisions of this Deed or affecting the validity or enforceability of such provision in any other jurisdiction. If any such invalidity substantially affects or alters the commercial basis of this Deed, the Parties
shall negotiate in good faith to amend and modify the provisions and terms of this Deed as may be necessary or desirable in the circumstances to achieve, as closely as possible, the same economic or commercial effect as the original provisions and
terms of this Deed. 
  

	16.4	Authority 

 Each Party to this Deed represents that
it possesses full power and authority to enter into this Deed and to perform its obligations hereunder and that the legal representative of each Party is fully authorised to sign this Deed. 
  

 Page 28 

	16.5	Right to retain original document 

 After execution
of the Deed, the original thereof shall be retained by the Lessee. The Lessee shall provide a certified true copy (as certified by the office of the Sub-Registrar) of the said original to the Lessor. 
 IN WITNESS WHEREOF, THE PARTIES HERETO HAVE SET THEIR HANDS AND SEAL TO THESE PRESENTS ON THE DAY, MONTH AND YEAR FIRST ABOVE WRITTEN IN PRESENCE OF THE FOLLOWING
WITNESSES: 
 SIGNED, SEALED AND DELIVERED 
  

							
	For and on behalf of	 		 	For and on behalf of
	R.S. Technologies Private Limited	 		 	Midland Credit Management India Private Limited
			
	(LESSOR)	 		 	(LESSEE)
	Authorised Signatory	 		 	Authorised Signatory
				
		 	 /s/ Pawan Kumar
	 		 	 /s/ Manu Rikhye

		 	Pawan Kumar	 		 	Manu Rikhye
			
	WITNESSES:	 		 	
	1.	 	 /s/ Sudhir Bhardwaj
	 		 	
		 	Sudhir Bhardwaj	 		 	
		 	Address: 194, Dundahera By Pass Road,
                 Gharziabad	 		 	
				
	2.	 	 /s/ Subash Chandra Arora
	 		 	
		 	 Subash Chandra Arora
 Advocate
	 		 	
		 	Address: 625, Saraswati Vihar,
                 Gurgaon	 		 	

  

 Page 29 

 ANNEXURE I—FLOOR PLAN OF DEMISED PREMISES 
  

					
	 	  	Carpet Area
(Sq. Ft.)	  	Chargeable Super
Area (Sq. Ft.)
		  	Tower – A	  	
	 Basement consisting of Parking Area
	  		  	
	 Ground Floor
	  	11426	  	17922
	 First Floor
	  	10503	  	16451
	 Second Floor
	  	10970	  	17194
	 Third Floor
	  	10969	  	17192
	 Fourth Floor (along with exclusive rights to use of terraces)
	  	10237	  	14241
		  	 	  	 
	 Total Area
	  	54,105	  	83,000

  

 Page 30Frame Agreement with STMicroelectronics N.V. on establishment of a JV

 Exhibit 4.1 
 THIS AGREEMENT is made on 19 August 2008 between: 
  

	(1)	TELEFONAKTIEBOLAGET L.M. ERICSSON, a company incorporated in Sweden with registered number 556016-0680 and its registered office at 164 83 Stockholm, Sweden
(“Ericsson”); and 

  

	(2)	STMICROELECTRONICS N.V., a public company with limited liability incorporated in the Netherlands with corporate seat in Amsterdam and address at WTC Schiphol Airport,
Schiphol Boulevard 265, 1118 BH Schiphol Airport, Amsterdam, the Netherlands (“ST”), 

 (the “Parties”).

 WHEREAS: 
  

	(A)	The Parties have engaged in in-depth discussions concerning the establishment of a joint venture (the “Joint Venture”) in order to combine their respective wireless
platform solution businesses and to record the basis of their mutual understandings and intentions with respect to such a proposed joint venture. 

  

	(B)	The Joint Venture will have the objective of becoming a long-term, world-leading, profitable provider of wireless platform solutions based on technology leadership in 2G, 3G, future
cellular standards and multimedia. The Joint Venture will have a wide portfolio of connectivity products to provide a competitive total platform offering and will operate as a “fabless” semiconductor vendor. 

  

	(C)	The Joint Venture will be conducted through the medium of two companies to be incorporated for that purpose, one of which (“JVD”) will initially be owned and
controlled as to 50% plus one share by Ericsson (and consolidated accordingly) and 50% minus one share by ST and the other of which (“JVS”) will initially be owned and controlled as to 50% plus one share by ST (and consolidated
accordingly) and 50% minus one share by Ericsson. 

  

	(D)	Within the Joint Venture, JVD will be responsible for the development of the 3G cellular modem technology inherited from Ericsson, and its evolution. JVD will act as service centre
to JVS and Ericsson. 

  

	(E)	JVS will be responsible for the other operations of the Joint Venture. JVS’s scope will include the full commercial operation of the Joint Venture, namely sales, marketing,
supply and the full product responsibility, including product development activities and industrial implementation of modem technologies developed by JVD. All R&D activities not contained in JVD will be contained in JVS. JVS’s
responsibility will be to ensure the commercial success of the Joint Venture by addressing customer requirements and ensuring that the Joint Venture continuously has a competitive product offering within the scope of the Joint Venture.

  

	(F)	The Parties share a commitment to the long term success of the Joint Venture and each recognises both the important contributions that they can make to the Joint Venture and the
value to the Joint Venture of the current and ongoing relationships that the Joint Venture will have with its parent companies. 

	(G)	The Agreed Form Documents govern principally the continuing relationship between the Parties as shareholders of and in relation to JVS and JVD. 

  

	(H)	The Term Sheets are intended to form the basis for definitive agreements to be finalised and designated as Agreed Form Documents before Completion but are binding in the absence of
such definitive agreements. 

  

	(I)	The Parties recognise that this Agreement cannot regulate for every possible future circumstance (whether foreseeable or unforeseeable) and that the appropriate way to deal with
these future circumstances will need to be determined by them in a reasonable manner. 

  

	(J)	Each of the Parties enters into this Agreement in consideration of the other Party entering into this Agreement and accepting the obligations contained in it.

 NOW, THEREFORE, THE PARTIES AGREE AS FOLLOWS: 
  

	1.	INTERPRETATION AND PRELIMINARY 

  

	1.1	In this Agreement, the following expressions have the meanings ascribed to them hereunder and cognate expressions have corresponding meanings: 

  

			
	“Accounts Receivable”	  	means the book debts, notes receivable and other rights to payment arising from the operation of the Ericsson Business or the ST Business, other than as between those members of the ST Group
which are being transferred at Completion, or between those members of the Ericsson Group which are being transferred at Completion;
		
	“Acquired Rights Directive”	  	means the Acquired Rights Directive 2001/23/EC of 12th March 2001;
		
	“Acquirors”	  	means one or more wholly-owned subsidiaries of JVS or JVD designated by ST or Ericsson (as the case may be) as an acquiror;
		
	“Affiliate”	  	in relation to Ericsson, means Members of the Ericsson Group and in relation to ST, means Members of the ST Group;
		
	“Agreed Exchange Rate”	  	means USD 1.57 for EUR 1.00;
		
	“Agreed Form Documents”	  	means the documents and agreements in the agreed form specified in Schedule 1 (Agreed Form Documents), and any other document or agreement designated as such by agreement in
writing between the Parties, collectively or individually as the context may require;

			
		
	“Agreement”	  	means this document together with its Schedules;
		
	“Benefit Plans”	  	means any benefit arrangement, plan or scheme provided by a Member of the ST Group or Member of the Ericsson Group, as applicable, that provides or contingently provides compensation or
remuneration in any form including, without limitation, profit sharing, stock option, share option, other stock or share related rights, other forms of incentive or deferred compensation, incentive plans, bonus plans or arrangements, golden
parachute arrangements or agreements, change of control agreement or arrangements, severance pay, disability arrangements, insurance coverage benefits or employee assistance programmes but excluding Pension Arrangements;
		
	“Business Assets”	  	means the Ericsson Business Assets and/or, as the context may require, the ST Business Assets;
		
	“Business Day”	  	means any day other than a Saturday, Sunday or public holiday in Stockholm or Geneva;
		
	“Cash”	  	means cash in hand, cash in transit, cash at bank and any other cash equivalents;
		
	“Cash Consideration”	  	means USD 700 million as adjusted pursuant to Clause 7.6;
		
	“Closing Agreement”	  	means the Closing and Amendment Agreement relating to the Falcon Sale and Contribution Agreement between ST and NXP B.V.;
		
	“Completion”	  	means completion of this Agreement in accordance with Clause 10 (Completion);
		
	“Completion Assets”	  	means any item of economic value to JVS (to the extent not funding a liability being transferred on a Fully Funded Basis or an ST Transferred Liability) of the ST Business that ST transfers
to the JVS under Clauses 7.3(A)(i) and 7.3(A)(ii) of this Agreement including but not limited to cash (to the extent not extracted), goodwill, patents, trademarks, inventories, property, plant, equipment, equity investments and deferred tax assets
but excluding the ST Excluded Assets (other than cash to the extent not extracted prior to transfer);
		
	“Completion Asset Amount”	  	means, in relation to the ST Business, the aggregate book value of the Completion Assets of the ST Business as stated in the Completion Asset Statement stated net of the ST Transferred
Liabilities plus the aggregate book value of the Ericsson Accrued Vacation/Bonus Liabilities;

			
		
	“Completion Asset Statement”	  	means the statement of the book values of the Completion Assets of the ST Business and of the ST Transferred Liabilities to be prepared pursuant to Clause 7.8(B);
		
	“Completion Businesses”	  	means the Ericsson Business and the ST Business, the transfer of which completes on the Completion Date and “Completion Businesses” shall be construed
accordingly;
		
	“Completion Date”	  	means either the later of (i) the day that falls one day after the NXP Sale occurs; and (ii) the day that falls one month after the Conditions Precedent are fulfilled; or (iii) such other
date as the parties agree;
		
	“Conditions Precedent”	  	means the conditions specified in Schedule 2 (Conditions Precedent), collectively or individually as the context may require;
		
	“Connected Dispute”	  	means a Dispute which is referred to arbitration pursuant to this Agreement after an Existing Dispute has already been referred to arbitration pursuant to this Agreement;
		
	“Consolidation Notice”	  	means a notice in writing pursuant to Clause 3 of Schedule 4 (Arbitration) or requesting pursuant to Clause 4 of Schedule 4 (Arbitration) that a Connected Dispute and an
Existing Dispute shall be resolved in a single arbitral proceeding;
		
	“Consolidation Order”	  	means an order by an arbitral tribunal that an Existing Dispute and a Connected Dispute be resolved in the same arbitral proceedings;
		
	“Continuing Party”	  	has the meaning given to it in the Shareholders’ Agreement;
		
	“Delayed Completion”	  	has the meaning given to it in Clause 11.3;
		
	“Dispute”	  	means any justiciable dispute, controversy or claim arising out of or in connection with any Transaction Document or any other agreement or arrangement in connection with the subject matter
of any of the same, or the breach, termination or validity thereof;

			
		
	“Employees”	  	means the Ericsson Employees and the ST Employees;
		
	“Ericsson Accounting Principles”	  	has the meaning given to it in the Shareholders’ Agreement;
		
	“Ericsson Accrued Vacation/Bonus Liabilities”	  	means the accrued entitlements of the Ericsson Employees to bonus payments and salary in lieu of vacation as at the Completion Date, as calculated in accordance with the Ericsson Accounting
Principles and as set out in the Ericsson Completion Liability Statement;
		
	“Ericsson Assumed Liabilities”	  	means any Liabilities arising in connection with the carrying on of the Ericsson Business after the Completion Date, the Ericsson IP Liabilities, Ericsson Accrued Vacation/Bonus Liabilities,
purchase orders made and not fulfilled prior to Completion and any other Liabilities for which the JV Companies or the Acquirors are expressed to assume liability or responsibility (whether pursuant to this Agreement, the Transaction Documents or
any other arrangements), but shall not include the Excluded Liabilities and any other Liabilities for which Ericsson or, as the case may be, any Member of the Ericsson Group, is expressed to remain liable (whether pursuant to this Agreement, the
Transaction Documents or any other arrangements);
		
	“Ericsson Business”	  	means the business described in Part 2 of Schedule 11 (Businesses);
		
	“Ericsson Business Assets”	  	means the Ericsson JVD Business Assets and the Ericsson JVS Business Assets;
		
	“Ericsson Business Contracts”	  	means the customer and supply contracts which relate exclusively to the Ericsson Business;
		
	“Ericsson Cash Contribution”	  	means USD 1.1 billion (of which it is anticipated that after transfer of the Cash Consideration to ST in accordance with Clause 7 the remaining amount shall remain in or be transferred
to JVS);
		
	“Ericsson Completion Liability Statement”	  	means the statement of the Ericsson Accrued Vacation/Bonus Liabilities to be prepared pursuant to clause 7.9;
		
	“Ericsson Completion Pension Statement”	  	means the statement of the pension liabilities of the Ericsson Business to be prepared pursuant to Clause 9.1 and in full accordance with Schedule 14 (Pensions);

			
		
	“Ericsson Employees”	  	means the employees of a Member of the Ericsson Group who, immediately prior to the Completion Date, work exclusively or predominantly in the Ericsson Business;
		
	“Ericsson Excluded Liabilities”	  	means those items set out in Part 2 of Schedule 10 (Excluded Liabilities);
		
	“Ericsson Group”	  	means Ericsson and its subsidiaries from time to time and the expression “Member of the Ericsson Group” shall be construed accordingly;
		
	“Ericsson Indemnified Parties”	  	means Ericsson and the other Members of the Ericsson Group and their respective directors, officers, employees, agents and successors from time to time;
		
	“Ericsson IP Liabilities”	  	has the meaning given in Part 2 of Schedule 10 (Excluded Liabilities);
		
	“Ericsson JVD Business Assets”	  	means those items set out in Part 2 of Schedule 13 (Business Assets) and identified as such;
		
	“Ericsson JVS Business Assets”	  	means those items set out in Part 2 of Schedule 13 (Business Assets) and identified as such;
		
	“Ericsson JVD Consideration Shares”	  	means the shares in JVD representing 50% plus one share in the capital of JVD at Completion;
		
	“Ericsson JVS Consideration Shares”	  	means the shares in JVS representing 50% minus one share in the capital of JVS at Completion;
		
	“Ericsson Schemes”	  	means any Retirement Benefit Plan operated for the benefit of Ericsson Employees;
		
	“Ericsson Existing Third Party Licences”	  	means arrangements or agreements relating to or licences of Intellectual Property granted by third parties existing as at the date of this agreement for use in and by the Ericsson Business;

		
	“Estimated Completion Assets Amount”	  	means the estimated aggregate book value of the Completion Assets of the ST Business less of the ST Transferred Liabilities as stated in the Estimated Completion Asset Statement less of the
ST Transferred Liabilities plus the estimated aggregate book value of the Ericsson Accrued Vacation/Bonus Liability as stated in the Estimated Ericsson Completion Liability Statement;

			
		
	“Estimated Completion Asset Statement”	  	means the estimated statement of the book values of the Completion Assets of the ST Business and of the ST Transferred Liabilities to be prepared pursuant to Clause 7.8(A);
		
	“Estimated Ericsson Completion Liability Statement”	  	means the estimated statement of the book value of the Ericsson Accrued Vacation/Bonus Liability to be prepared pursuant to Clause 7.9;
		
	“Excluded Businesses”	  	means any and all businesses carried on or to be carried on from time to time by Members of Ericsson Group or Members of the ST Group other than the Ericsson Business or the ST
Business;
		
	“Excluded Liabilities”	  	means the Ericsson Excluded Liabilities and/or, as the context requires, the ST Excluded Liabilities;
		
	“Existing Arbitration”	  	means the arbitration concerning an Existing Dispute;
		
	“Existing Dispute”	  	means a Dispute which has been referred to arbitration pursuant to this Agreement;
		
	“Falcon Sale and Contribution Agreement”	  	means the sale and contribution agreement between ST and NXP B.V. for the establishment of a joint venture in the field of semiconductors for cellular communication dated 10 April 2008 as
amended and supplemented by the Closing Agreement;
		
	“Fully Funded Basis”	  	means that for any financial liabilities or pension liabilities transferred to the JV Companies they are to be cash collateralised on Completion or pursuant to Clause 9 on the basis
appropriate for the relevant type of financial liability;
		
	“Governmental Authority”	  	means, to the extent it has jurisdiction, any supranational governmental commission, council, directorate, court, trade agency, regulatory body or other authority, or any national government,
any legislature, any political subdivision of a national government or of any state, country, province or local jurisdiction therein, or any agency or instrumentality of any such government or political subdivision;
		
	“ICC”	  	means the International Chamber of Commerce;
		
	“Intellectual Property”	  	means patents, trade marks, rights in designs, copyrights, database rights, rights in know how (whether or not any of those is registered and including

			
		  	applications for registration of any such thing) and all rights or forms of protection of a similar nature having equivalent or similar effect to any of these which may subsist anywhere in
the world;
		
	“JV Auditors”	  	means PricewaterhouseCoopers;
		
	“JV Companies”	  	means JVD and JVS or either one of them as the context requires;
		
	“JV Group”	  	means together the JVS Group and the JVD Group;
		
	“JV Indemnified Parties”	  	means together the JVS Indemnified Parties and the JVD Indemnified Parties;
		
	“JVD Consideration Shares”	  	means the ST JVD Consideration Shares and the Ericsson JVD Consideration Shares;
		
	“JVD Group”	  	means JVD and its subsidiaries from time to time and the expression “Member of the JVD Group” shall be construed accordingly;
		
	“JVD Indemnified Parties”	  	means JVD and other Members of the JVD Group and their respective directors, officers, employees, agents and successors from time to time;
		
	“JVS Consideration Shares”	  	means the ST JVS Consideration Shares and the Ericsson JVS Consideration Shares;
		
	“JVS Group”	  	means JVS and its subsidiaries from time to time and the expression “Member of the JVS Group” shall be construed accordingly;
		
	“JVS Indemnified Parties”	  	means JVS and other Members of the JVS Group and their respective directors, officers, employees, agents and successors from time to time;
		
	“Liabilities”	  	means all and any proceedings, costs, demands, damages, losses, Taxes, liabilities, fines, penalties, obligations and expenses of any kind whatsoever whether actual or contingent, primary or
secondary, known or unknown or accrued;
		
	“Longstop Date”	  	means 5:00 p.m. on 31 May 2009;
		
	“Minimum Completion Assets Amount”	  	means the USD 1080 million;

			
		
	“Maximum Adjustment Cash Payment”	  	means USD 75 million;
		
	“Merger Regulation”	  	means Council Regulation (EC) No.139/2004;
		
	“NXP Business”	  	has the meaning given to it in Part 1 of Schedule 11 (Businesses);
		
	“NXP Condition Precedent”	  	means the transfer of all shares held by NXP B.V in ST-NXP Wireless to ST or a Member of the ST Group;
		
	“NXP Longstop Date”	  	has the meaning given to it in Clause 3.3;
		
	“NXP Sale”	  	means the transfer of all shares held by NXP B.V. in ST-NXP Wireless to ST or a Member of the ST Group;
		
	“Non-NXP Business”	  	has the meaning given to it in Part 1 of Schedule 11 (Businesses);
		
	“Non-NXP Employees”	  	means the employees of a Member of the ST Group who, immediately prior to the Completion Date, work exclusively or predominantly in the Non-NXP Business;
		
	“Parties”	  	means the parties to this Agreement and “Party” means any one of them;
		
	“Pension Arrangements”	  	means all lump sum, pension or similar plans, schemes or arrangements with respect to which an employer has any obligation to pay or otherwise to provide benefits on or after retirement
(whether early retirement or otherwise) or death or in recognition of the attainment of a certain period of service;
		
	“Reference Completion Assets Amount”	  	means USD 1200 million;
		
	“Regulatory Authorities”	  	means the European Commission and the competition authorities of China, South Korea, Japan and Israel;
		
	“Representative Entity”	  	means any trade or labour union, employee representative body, works or staff council or other standing employees’ consultative committee or organisation;
		
	“Retirement Benefit Plan”	  	means any plan, scheme or arrangement, whether or not funded, for the provision of Retirement Benefits;

			
		
	“Retirement Benefits”	  	 means all or any pension, lump sum, gratuity, payment of costs (including, without limitation, medical, dental or other healthcare costs), or
other like benefit provided or to be provided:
  
 •     on or after retirement;
  
 •     on death;
  
 •     on or after termination of employment;
  
 •     on or in connection with disability;
  
 •     on achievement of
certain in service; milestones (jubilee or long service awards),
  
 but excluding any
benefit provided under an arrangement the sole purpose of which is to provide benefits on injury or death by accident occurring whilst an employee;

		
	“Rules”	  	means the rules of conciliation and arbitration of the ICC in force at the time a Dispute is referred under Schedule 4;
		
	“SEMC”	  	means Sony Ericsson Mobile Communications;
		
	“Significant Jurisdiction”	  	means Sweden, France, Netherlands, United Kingdom, Switzerland, Norway, Israel, South Korea, Germany and the United States;
		
	“Shares”	  	means the Ericsson JVD Consideration Shares, the Ericsson JVS Consideration Shares, ST JVS Consideration Shares and the ST JVD Consideration Shares;
		
	“Share Schemes”	  	means any stock or stock based incentive schemes operated by the JV Partners (or Members of their Groups) under which any Ericsson or ST Employees (as the case may be) have benefits or awards
granted prior to Completion;
		
	“Shareholders’ Agreement”	  	means the shareholders’ agreement to be dated the Completion Date and made between Ericsson, ST, JVS and JVD governing the terms upon which JVS and JVD will be operated as joint ventures
for the purposes, and on the terms, set out in such agreement;

			
		
	“ST Accounting Principles”	  	has the meaning set out in the Shareholders’ Agreement;
		
	“Start-Up Costs”	  	means the cost of setting up the various new companies that will form the JV Group (excluding those companies transferred to the JV Companies by the JV Partners at Completion) and any filing
fees in relation to Conditions Precedent required to be made in any jurisdiction in connection with the Joint Venture, including all costs, penalties and fines resulting from not filing in any jurisdiction where it is determined that an anti-trust
filing should have taken place;
		
	“ST Accrued Vacation/Bonus Liabilities”	  	means the accrued entitlements of ST Employees to bonus payments and salary in lieu of vacation as at the Completion Date, as calculated in accordance with the ST Accounting Principles and as
set out in the Completion Asset Statement;
		
	“ST Assumed Liabilities”	  	means any Liabilities arising in connection with the carrying on of the ST Business after the Completion Date, the ST IP Liabilities, the ST Transferred Liabilities, the ST Collateralised
Financial Liabilities, purchase orders made and not fulfilled prior to Completion, the ST-NXP Group Pension Liabilities and any other Liabilities for which JVS or the Acquirors are expressed to assume liability or responsibility (whether pursuant to
this Agreement, the Transaction Documents or any other arrangements), but shall not include the Excluded Liabilities and any other Liabilities for which ST or, as the case may be, any Member of the ST Group, is expressed to remain liable (whether
pursuant to this Agreement, the Transaction Documents or any other arrangements);
		
	“ST Business”	  	means the business described in Part 1 of Schedule 11 (Business) comprising the NXP Business and the Non-NXP Business;
		
	“ST Business Assets”	  	means those items set out in Part 1 of Schedule 13 (Business Assets);
		
	“ST Business Contracts”	  	means the customer and supply contracts which relate exclusively to the ST Business;

			
		
	“ST Collateralised Financial Liabilities”	  	 means:
  
 (i) any indebtedness, bank loans, bank overdrafts, bonds, finance leases or other borrowings held by any entities transferred by ST or a Member of the ST Group to the JV Companies at Completion; and
  
 (ii) which cannot be satisfied or cannot be satisfied in terms satisfactory to ST, prior to
Completion; and
  
 (iii) which are assumed by the JV Companies on Completion on a Fully
Funded Basis.

		
	“ST Completion Pension Statement”	  	means the statement of the pension liabilities of the ST Business to be prepared pursuant to Clause 9.1 and in full accordance with Schedule 14 (Pensions);
		
	“ST Employees”	  	means the employees of a Member of the ST Group who, immediately prior to the Completion Date, work exclusively or predominantly in the ST Business;
		
	“ST Excluded Assets”	  	means those items sets out in Schedule 9 (Excluded Assets);
		
	“ST Excluded Liabilities”	  	means those items sets out in Part 1 of Schedule 10 (Excluded Liabilities);
		
	“ST IP Liabilities”	  	has the meaning given in Part 1 of Schedule 10 (Excluded Liabilities);
		
	“ST Group”	  	means ST and its subsidiaries from time to time and the expression “Member of the ST Group” shall be construed accordingly;
		
	“ST JVD Consideration Shares”	  	means the shares in JVD representing 50% minus one share in the capital of JVD at Completion;
		
	“ST JVS Consideration Shares”	  	means the shares in JVS representing 50% plus one share in the capital of JVS at Completion;
		
	“ST Indemnified Parties”	  	means ST and the other Members of the ST Group and their respective directors, officers, employees, agents and successors from time to time;
		
	“ST-NXP Group Pension Liabilities”	  	means the pension liabilities which have been assumed by ST-NXP Wireless or the ST-NXP Group on the ST-NXP Wireless Closing, or which have been accrued since the ST-NXP Closing, or which must
be assumed by the JV Companies by law (all of which shall be assumed on a Fully Funded Basis);

			
		
	“ST-NXP Wireless Warranties”	  	means the warranties as set out in Schedule 14 of the Falcon Sale and Contribution Agreement;
		
	“ST-NXP Wireless”	  	means ST-NXP Wireless (Holding) AG;
		
	“ST-NXP Wireless Closing”	  	means the completion of the Falcon Sale and Contribution Agreement between ST and NXP B.V. dated 10 April 2008 by ST and NXP B.V. which occurred on 28 July 2008;
		
	“ST-NXP Group”	  	means ST-NXP Wireless and its subsidiaries from time to time and the expression “Member of the ST-NXP Group” shall be construed accordingly;
		
	“ST Schemes”	  	means any Retirement Benefit Plan operated for the benefit of ST Employees, and includes those Retirement Benefit Plans set up (or transferred to) ST-NXP Wireless as a result of agreements
between ST and NXP;
		
	“ST Ship and Debit Liability”	  	means the liabilities (actual or accrued) as at the Completion Date in respect of authorisations granted by the ST Business to distributors to sell products at an agreed discounted price and
other credits granted to distributors, calculated in accordance with ST Accounting Principles and as set out in the Completion Assets Statement;
		
	“ST Transferred Liabilities”	  	means the ST Accrued Vacation/Bonus Liabilities and the ST Ship and Debit Liability;
		
	“Subsidiary”	  	shall have the meaning ascribed to it in the Companies Act 2006;
		
	“Surviving Provisions”	  	has the meaning ascribed to it by Clause 3(A);
		
	“Tax”	  	means all taxes, levies, duties, imposts, charges and withholdings of any nature whatsoever in any jurisdiction, including (without limitation) taxes on gross or net income, profits or gains
and taxes on revenues, turnover, purchases, consumption, receipts, sales, use, occupation, franchise, value added and personal property, customs, import and export duties, stamp duty and other transaction or documentary taxes, social security, state
pension contributions, taxes arising through the ownership and occupation of land or premises, taxes levied by reference to ownership, wealth or the use of any

			
		  	property or assets, payroll and employment taxes, training levies, taxes arising on the sale, hire, gift or other disposal of any real or personal assets or property, taxes on the change of
the control of any company, together with all penalties, charges and interest relating to any of them, regardless of whether any such taxes, levies, duties, imposts, charges, withholdings, penalties and interest are chargeable directly or primarily
against or attributable directly or primarily to any member of the JV Group or any other person and of whether any amount in respect of any of them is recoverable from any other person;
		
	“Term Sheets”	  	means the term sheets in the agreed form specified in Schedule 3 (Term Sheets) and any other term sheet designated as such by agreement in writing between the Parties,
collectively or individually as the context may require;
		
	“Transaction Documents”	  	means this Agreement, the Agreed Form Documents, the Term Sheets and any other document or agreement designated as such by agreement in writing between the Parties from time to time
(including any agreements so designated to which their respective subsidiaries or Members of the JV Group are parties);
		
	“Unfunded Liability”	  	means a financial liability or a pension liability which is transferred to a JV Company upon Completion but without the appropriate level of cash collateral required for that financial
liability to be on a Fully Funded Basis; and
		
	“Wrongly Transferred Employee”	  	means any person who is (i) not an Employee and whose contract of employment is found or alleged to have effect on or after the Completion Date as if made with a Member of the JV Group, or
(ii) whom the Parties agree shall be treated as not an Employee.

  

	1.2	Expressions defined elsewhere in this Agreement have the meanings ascribed to them for all purposes in this Agreement, notwithstanding that they have not been defined in this
Clause 1 (Interpretation and Preliminary). 

  

	1.3	References in this Agreement to Recitals, Clauses, paragraphs and Schedules are to clauses and paragraphs in and recitals and schedules to this Agreement. The Recitals and Schedules
to this Agreement shall be deemed to form part of this Agreement. 

	1.4	A reference in this Agreement to a particular time or date are to that time or date in Geneva, Switzerland. 

  

	1.5	The headings of the clauses, paragraphs and schedules in this Agreement are for ease of reference only and must not affect its interpretation. 

  

	1.6	A document or agreement is in “agreed form” if it has been designated as such by agreement in writing between the Parties and initialled on their behalf for
purposes of identification. 

  

	1.7	The rule known as the ejusdem generis rule does not apply and, accordingly, words introduced by the word “other” or followed by the word “including” must not be
given a restrictive meaning by reason of the fact that they are preceded or followed by words indicating a particular class of acts, matters or things. 

  

	1.8	References to statutes or statutory provisions shall be construed as references to those statutes or provisions as respectively amended or re-enacted or as their application is
modified from time to time by other provisions (whether before or after the date hereof) and shall include any statutes or provisions of which they are re-enactments (whether with or without modification) and any orders, regulations, instruments or
other subordinate legislation under the relevant statute or statutory provision. References to sections of consolidating legislation shall wherever necessary or appropriate in the context be construed as including references to the sections of the
previous legislation from which the consolidating legislation has been prepared. 

  

	1.9	References to any document (including this Agreement) are references to that document as amended, consolidated, supplemented, novated or replaced from time to time.

  

	1.10	References in this Agreement to the term “JVS shall” or “JVD shall”, shall be interpreted as meaning that ST and Members of the ST Group and
Ericsson and Members of the Ericsson Group shall procure that JVS or JVD as the case may be perform the relevant obligation. 

  

	1.11	References to ST and to Ericsson include their respective successors and permitted assigns. 

  

	1.12	References to persons shall include any individual, any form of body corporate, unincorporated association, firm, partnership, joint venture, consortium, association, organisation
or trust (in each case whether or not having a separate legal personality). 

  

	1.13	The masculine gender shall include the feminine and neuter and the singular number shall include the plural and vice versa. 

  

	1.14	If there is any conflict between the terms of this Agreement or any Transaction Document, then the terms of this Agreement shall prevail, except insofar as any Transaction Document
states that a provision or provisions of that Transaction Document shall prevail including, for the avoidance of doubt, where a provision or provisions in that Transaction Document is or are stated to be in substitution for a provision or provisions
in this Agreement. For the avoidance of doubt, the provisions of this Clause 1.14 shall apply to any Transaction Document whether or not this Agreement is referred to therein. 

	1.15	The Parties acknowledge and agree that the Schedules to this Agreement represent the best information relating to their subject matter which exists as at the date of this Agreement
and that they may require amendment or updating by the Parties from time to time prior to Completion to reflect better information as it comes available in accordance with the principles set out in this Agreement. The parties undertake to discuss in
good faith any amendments required to the Schedules. 

  

					
	1.16	 	(a)	  	All sums payable under this Agreement shall be paid free and clear of all deductions or withholdings whatsoever, save only as may be required by law.

  

	 	(b)	If any deductions or withholdings are required by law to be made from any of the sums payable as mentioned in sub-clause [(a)], the payer shall be obliged to pay to the payee such
sum as will, after the deduction or withholding has been made, leave the payee with the same amount as it would have been entitled to receive in the absence of any such requirement to make a deduction or withholding. 

  

	 	(c)	If any sum payable under this Agreement (other than interest on such sum) shall be subject to Tax in the hands of the payee, the payer shall be under the same obligation to make an
increased payment in relation to that Tax as if the liability were a deduction or withholding required by law. 

  

	 	(d)	Where one of the parties to this Agreement pays an additional amount in accordance with sub-clause [(b) or (c)] to the payee, and the payee has obtained a credit against, relief or
remission for, or repayment of, any Tax (a “Tax Credit”) attributable to that payment the payee shall pay an amount to the payer which will leave it (after making that payment) in the same after-Tax position it would have been in had the
circumstances giving rise to the payment not arisen. 

  

	2.	INCORPORATION OF THE JV COMPANIES 

  

	2.1	ST shall procure that JVS is incorporated as a company under the laws of Switzerland (or such other jurisdiction as agreed between the Parties) with such number of subsidiaries as
may be determined by ST prior to the Completion Date. 

  

	2.2	Ericsson shall procure that JVD is incorporated as a company under the laws of Switzerland (or such other jurisdiction as agreed between the Parties) with such number of
subsidiaries as may be determined by Ericsson prior to the Completion Date. 

  

	3.	CONDITIONS PRECEDENT 

  

	3.1	The obligations of the Parties in terms of Clause 10 (Completion) are subject to the fulfilment of the Conditions Precedent. 

	3.2	If the Conditions Precedent are not fulfilled by the Longstop Date, then: 

  

	 	(A)	this Agreement ipso facto terminates, save for the provisions of this Clause 3 (Conditions Precedent) and Clauses 13 (Announcements), 14
(Confidentiality), 15 (Costs and Expenses), 17 (Governing Law), 18 (Notices), 19 (Arbitration) and 20 (Miscellaneous) (the “Surviving Provisions”), which must continue to be
effective; and 

  

	 	(B)	save in respect of any antecedent breach of this Agreement, neither Party nor its Affiliates (at whose instance this sub-clause (B) is enforceable) has any claim against the
other Party or any of its Affiliates of any nature whatsoever, howsoever and whensoever arising under or in connection with this Agreement. 

  

	3.3	If the NXP Sale does not occur by the day that falls 6 months after the Longstop Date (the “NXP Longstop Date”), then: 

  

	 	(A)	this Agreement ipso facto terminates, save for the Surviving Provisions, which must continue to be effective; and 

  

	 	(B)	save in respect of any antecedent breach of this Agreement, neither Party nor its Affiliates (at whose instance this sub-clause 3(B) is enforceable) has any claim against the
other Party or any of its Affiliates of any nature whatsoever, howsoever and whensoever arising under or in connection with this Agreement. 

  

	3.4	Ericsson must use all reasonable endeavours to procure fulfilment of the Conditions Precedent numbered 2 in Schedule 2 (Conditions Precedent) as soon as practicable after the
date of this Agreement. 

  

	3.5	ST must use all reasonable endeavours to procure fulfilment of the Conditions Precedent numbered 1 and 6 in Schedule 2 (Conditions Precedent) as soon as practicable after the
date of this Agreement. 

  

	3.6	ST must use all reasonable endeavours to procure that the NXP Sale occurs as soon as practicable after the Conditions Precedent are fulfilled. 

  

	3.7	As regards the Conditions Precedent numbered 3, 4 and 5 in Schedule 2 (Conditions Precedent): 

  

	 	(A)	the Parties must use all reasonable endeavours to ensure that those Conditions Precedent are satisfied as soon as is reasonably practicable save that neither Party shall be required
to propose or agree to modifications to the Joint Venture or their other activities that are material in the context of the Joint Venture as a whole; 

  

	 	(B)	the Parties must prepare and (acting reasonably) agree the notifications to be submitted to each of the Regulatory Authorities; 

  

	 	(C)	throughout the period during which the Joint Venture is being considered by the Regulatory Authorities: 

  

	 	(i)	the Parties and their advisers must disclose to one another all material correspondence received from the Regulatory Authorities in connection with the approval of the Joint Venture
and keep each other informed of any other material communications in whatever form with the Regulatory Authorities; 

	 	(ii)	in the event of receipt of requests for information from the Regulatory Authorities, the Parties must agree the response to such requests. Any response must be submitted by the
Party receiving such request; 

  

	 	(iii)	the Parties must, from time to time, discuss and, acting reasonably, agree whether it may be appropriate to submit further evidence to the Regulatory Authorities and, if so, must
agree the form of the additional evidence to be submitted; 

  

	 	(iv)	in the event that a Regulatory Authority requests a meeting with one or both of the parties, the Parties and their advisers must discuss and, acting reasonably, agree in advance of
such meeting how best to present to the Regulatory Authority the case for clearance of the Joint Venture. The Parties must jointly attend any meetings with any Regulatory Authority and must adhere to the agreed case for clearance at such meetings;
and 

  

	 	(v)	each Party must co-operate in any consultation process undertaken by any of the Regulatory Authorities. 

  

	3.8	As regards the Conditions Precedent numbered 3, 4, 5 and 6 in Schedule 2 (Conditions Precedent) the Parties agree to instruct legal counsel jointly and to share the costs
(including, but not limited to, legal and administrative costs) associated with preparing and submitting a notification in any jurisdiction equally between them. 

  

	3.9	Each Party acknowledges that a breach of this Agreement by that Party would cause significant damage to the other Party. Each party recognises that such damage may include increased
costs, loss of market share, prejudice to the existing business and loss of opportunity strategically and financially resulting in consequential loss of potential profit and the parties agree that such damages are within the reasonable contemplation
of the Parties. Accordingly the other Party may be entitled to specific performance or to recover substantial damages from that Party for such breach of this Agreement. 

  

	3.10	The Parties acknowledge that damages may not be an adequate remedy for breach of this Agreement or the agreements in the Agreed Form and accordingly the Parties may be entitled to
injunctive relief for any actual, anticipated or threatened breach of this Agreement or the agreements in the Agreed Form. 

  

	4.	CHANGE IN CONTROL 

  

	4.1	 If any of the events set out in Clause 12 of the Shareholders Agreement occurs prior to Completion and ST is the Continuing Shareholder, then ST may within 14
Business Days of its first becoming aware thereof notify Ericsson of its intention to invoke this clause, in which case this Agreement shall terminate and Clause 3.1 shall apply mutatis mutandis. Ericsson shall notify ST 

	 	 
within 10 Business Days of any of the events in Clause 12 of the Shareholders Agreement occurring, specifying with reasonable details the facts, matters and
circumstances giving rise to the event. 

  

	4.2	If any of the events set out in Clause 12 of the Shareholders Agreement occurs prior to Completion and Ericsson is the Continuing Shareholder, then Ericsson may within 14 Business
Days of its first becoming aware thereof notify ST of its intention to invoke this clause, in which case this Agreement shall terminate and Clause 3.1 shall apply mutatis mutandis. ST shall notify Ericsson within 10 Business Days of any
of the events in Clause 12 of the Shareholders Agreement occurring, specifying with reasonable details the facts, matters and circumstances giving rise to the event. 

  

	5.	TERM SHEETS 

  

	5.1	The Parties must agree the definitive form of the agreements contemplated under or in connection with the Term Sheets as soon as practicable after the date of this Agreement, but in
any event before the Completion Date. When their definitive form is agreed, the parties must designate them as Agreed Form Documents by agreement in writing, for the purpose of Clause 10 (Completion). 

  

	5.2	If the definitive agreements contemplated under or in connection with the Term Sheets are not agreed before the Completion Date, the Term Sheets are nevertheless binding themselves
on the Parties with effect from Completion. 

  

	6.	INTERIM PERIOD 

  

	6.1	From the date of this Agreement until Completion, Ericsson must or must procure that save as may be necessary or desirable in order to prepare the Ericsson Business for transfer
pursuant to this Agreement or otherwise contemplated under the Transaction Documents: 

  

	 	(A)	the Ericsson Business is carried on as a going concern in the normal course; 

  

	 	(B)	it and its Affiliates use all reasonable endeavours consistent with the normal practice of the Ericsson Business to maintain the goodwill and trade connections of the Ericsson
Business with customers and suppliers and to retain the services of their employees; 

  

	 	(C)	it promptly notifies to ST, in writing, full details of any material changes in the Ericsson Business, its financial position and/or assets; 

  

	 	(D)	consult with ST in relation to any material alteration to any agreement or arrangement between the Ericsson Business and the remainder of the Ericsson Group or SEMC (including as to
prices or royalties paid and services provided); and 

  

	 	(E)	neither it nor any of its Affiliates, with respect to the Ericsson Business without the prior written consent of ST: 

  

	 	(i)	alters materially, or agrees to alter materially, the terms and conditions of employment (including benefits) of any of its employees or directors; 

	 	(ii)	takes any action which may materially and adversely affect the ability of the JV Companies to perform and operate their businesses in accordance with the Business Plans;

  

	 	(iii)	pays any bonuses or grants stock options other than in the normal course of business consistent with past practice; 

  

	 	(iv)	makes or announces to any person any proposal to make, any change or addition to any Retirement Benefits, bonus scheme or redundancy policies of or in respect of any of its
directors, employees, former directors or former employees (or any dependant of such person) or to the Ericsson Schemes other than any change required by law; 

  

	 	(v)	grants or creates, or announces to any person any proposal to grant or create, any additional Retirement Benefits or take any action or allow any action to be taken in relation to
the Ericsson Schemes other than in the ordinary course of administering the Ericsson Schemes or omits to take any action necessary or prudent for the ordinary proper operation of the Ericsson Schemes; 

  

	 	(vi)	alter materially any agreement or arrangement between Ericsson and any Member of the Ericsson Group or any agreement or arrangement with SEMC other than where the agreement or
arrangement expires or is renegotiated in the ordinary course of business; 

  

	 	(vii)	creates any encumbrance over the assets or undertakings of the Ericsson Business otherwise than in the ordinary course of the Ericsson Business; 

  

	 	(viii)	disposes of any material assets or rights used in the Ericsson Business other than in the ordinary course of business; 

  

	 	(ix)	unusually increase or decrease levels of trading stock other than in the ordinary course of business; 

  

	 	(x)	offer price reductions or discounts or allowances on sales of trading stock other than in the ordinary course of business and to an extent which does not materially decrease the
profitability of the Ericsson Business; 

  

	 	(xi)	institutes any legal proceedings which are material in the context of the Ericsson Business (which for the avoidance of doubt does not include debt collection proceedings in the
ordinary course of business or legal proceedings for the purposes of preserving the Intellectual Property, goodwill, business and assets of the Ericsson Business); 

	 	(xii)	grants or modifies in any material respect or agrees to terminate any rights or enter into any agreements relating to any Intellectual Property that is material to the Ericsson
Business or otherwise fails to use its best endeavours in accordance with the practice in relation to the Ericsson Business to protect any of its rights relating to such material Intellectual Property other than those rights which expire by
operation of law and cannot be renewed; or 

  

	 	(xiii)	agrees to do any of the above conditionally or otherwise. 

  

	6.2	From the date of this Agreement until Completion, ST must or must procure that save as may be necessary or desirable in order to prepare the ST Business for transfer pursuant to
this Agreement or otherwise contemplated under the Transaction Documents: 

  

	 	(A)	the ST Business is carried on as a going concern in the normal course; 

  

	 	(B)	it and its Affiliates use all reasonable endeavours consistent with the normal practice of the ST Business to maintain the goodwill and trade connections of the ST Business with
customers and suppliers and to retain the services of their employees; 

  

	 	(C)	it promptly notifies to ST, in writing, full details of any material changes in the ST Business, its financial position and/or assets; 

  

	 	(D)	consult with Ericsson in relation to any material alteration to any agreement or arrangement between the ST Business and the remainder of the ST Group or NXP (including as to prices
or royalties paid and services provided); and 

  

	 	(E)	neither it nor any of its Affiliates, with respect to the ST Business, without the prior written consent of Ericsson: 

  

	 	(i)	alters materially, or agrees to alter materially, the terms and conditions of employment (including benefits) of any of its employees or directors; 

  

	 	(ii)	takes any action which may materially and adversely affect the ability of the JV Companies to perform and operate their businesses in accordance with the Business Plans;

  

	 	(iii)	pays any bonuses or grants any stock options other than in the normal course of business consistent with past practice; 

  

	 	(iv)	makes or announces to any person any proposal to make, any change or addition to any Retirement Benefits, bonus scheme or redundancy policies of or in respect of any of its
directors, employees, former directors or former employees (or any dependant of such person) or to the ST Schemes other than any change required by law; 

  

	 	(v)	grants or creates, or announces to any person any proposal to grant or create, any additional Retirement Benefits or take any action or allow any action to be taken in relation to
the ST Schemes other than in the ordinary course of administering the ST Schemes or omits to take any action necessary or prudent for the ordinary proper operation of the ST Schemes; 

	 	

	 	(vi)	alter materially any agreement or arrangement between ST and any Member of the ST Group or NXP Group other than where the agreement or arrangement expires or is renegotiated in the
ordinary course of business; 

  

	 	(vii)	creates any encumbrance over the assets or undertakings of the ST Business otherwise than in the ordinary course of the ST Business; 

  

	 	(viii)	disposes of any material assets or rights used in the ST Business other than in the ordinary course of business; 

  

	 	(ix)	unusually increase or decrease levels of trading stock other than in the ordinary course of business; 

  

	 	(x)	offer price reductions or discounts or allowances on sales of trading stock other than in the ordinary course of business and to an extent which does not materially decrease the
profitability of the ST Business; 

  

	 	(xi)	institutes any legal proceedings which are material in the context of the ST Business (which for the avoidance of doubt does not include debt collection proceedings in the ordinary
course of business or legal proceedings for the purposes of preserving the Intellectual Property, goodwill, business and assets of the ST Business); 

  

	 	(xii)	grants or modifies in any material respect or agrees to terminate any rights or enter into any agreements relating to the Intellectual Property that is material to the ST Business
or otherwise fails to use its best endeavours in accordance with the practice in relation to the ST Business to protect any of its rights relating to such material Intellectual Property other than those rights which expire by operation of law and
cannot be renewed; or 

  

	 	(xiii)	agrees to do any of the above conditionally or otherwise. 

  

	7.	BUSINESS TRANSFERS 

  

	7.1	Transfer of the Businesses 

  

	 	(A)	Upon the Completion Date, (i) ST shall transfer or procure the transfer by the relevant Members of the ST Group of the ST Business Assets and (ii) ST and Ericsson shall
procure that JVS shall accept the transfer or procure the acceptance of the transfer by the Acquirors of the ST Business Assets and the Ericsson JVS Business Assets. 

	 	(B)	Upon the Completion Date, Ericsson shall (i) transfer or procure the transfer by the relevant Members of the Ericsson Group of the Ericsson JVS Business Assets; and
(ii) transfer to JVS the Ericsson Cash Contribution. 

  

	 	(C)	Upon the Completion Date, (i) Ericsson shall transfer or procure the transfer by the relevant Members of the Ericsson Group of the Ericsson JVD Business Assets, and
(ii) Ericsson and ST shall procure that JVD shall accept the transfer or procure the acceptance of the transfer by the Acquirors of the Ericsson JVD Business Assets. 

  

	 	(D)	The Parties expressly reserve the right to make any changes they both agree are necessary to any of the transfer steps set out in clause 7.2, 7.3, 7.4 and 7.5 due to any tax or
legal requirement. 

  

	7.2	Ericsson Structure of Transfer 

  

	 	(A)	Subject to Clauses 7.2(B), 7.2(C) and 7.2(E), the structure of the transfer of the Ericsson Business Assets shall be determined by Ericsson who will provide details of such
structure to ST in draft at least 40 Business Days prior to Completion and in final form at least 10 Business Days prior to Completion. In particular Ericsson may: 

  

	 	(i)	effect the transfer of Business Assets by transferring one or more legal entities holding such Business Assets; 

  

	 	(ii)	transfer the Business Assets or an entity holding Business Assets to JVS, JVD or a subsidiary of JVD or JVS, as applicable; and 

  

	 	(iii)	allocate the Ericsson Consideration, as applicable, between separate transfers as it determines. 

  

	 	(B)	The provisions of Schedule 12 (Asset Transfer) shall apply to any Ericsson Business Assets which are transferred directly to the JV Companies or the Acquirors rather than by
transfer of an entity holding such assets. 

  

	 	(C)	Ericsson shall not transfer any legal entity other than a legal entity incorporated between the date of execution and Completion of this Agreement for the purpose of transfer of the
Ericsson Business pursuant to this Agreement unless otherwise agreed between the Parties. 

  

	 	(D)	Ericsson, so far as possible, shall structure the transfer of the Ericsson Business Assets so that, except where required by law, Excluded Liabilities are not transferred to the JV
Companies or the Acquirors. 

  

	 	(E)	The division of the Ericsson Business Assets between those transferred to JVS and those transferred to JVD shall be agreed between the Parties prior to Completion.

	7.3	ST Structure of Transfer 

  

	 	(A)	Subject to Clauses 7.3(B) and 7.3(C), the structure of the transfer of the ST Business Assets shall be determined by ST who will provide details of such structure to Ericsson in
draft form at least 40 Business Days prior to Completion and in final form at least 10 Business Days prior to Completion. In particular ST may: 

  

	 	(i)	effect the transfer of ST Business Assets by transferring one or more legal entities holding such ST Business Assets (such as ST-NXP Wireless or any other member of the ST-NXP
Group); 

  

	 	(ii)	transfer the Business Assets or an entity holding ST Business Assets to JVS or a subsidiary of JVS; and 

  

	 	(iii)	allocate the ST Consideration, as applicable, between separate transfers as it determines. 

  

	 	(B)	The provisions of Schedule 12 (Asset Transfer) shall apply to any ST Business Assets which are transferred directly to JVS or the Acquirors rather than by transfer of an
entity holding such assets. 

  

	 	(C)	ST shall not transfer any legal entity other a legal entity that is already part of the ST-NXP Group, as set out in Schedule 5, or will become part of the ST-NXP Group before
Completion or is incorporated between execution and Completion of this Agreement for the purpose of the transfer of the ST Business pursuant to this Agreement, unless otherwise agreed between the Parties. 

  

	 	(D)	ST shall, so far as possible, structure the transfer of the ST Business Assets so that, except where required by law, Excluded Liabilities (other than those arising after ST-NXP
Wireless Closing) are not transferred to the JV Companies or the Acquirors. 

  

	 	(E)	ST shall procure that the ST Excluded Assets are extracted from the ST Business Assets to the extent practicable prior to Completion on terms of extraction which do not leave JVS or
any Purchaser with any material residual liabilities in connection with the ST Excluded Assets and are otherwise reasonable. 

  

	 	(F)	The Parties will work together to procure the most efficient method of the allotment and issue by JVD and the delivery to ST of the ST JVD Consideration Shares as part of the
consideration for ST transferring the ST Business Assets to JVS. 

  

	7.4	ST Consideration 

 ST agrees to transfer the ST
Business Assets to the JV Companies on the terms of this Agreement in consideration for: 
  

	 	(A)	the allotment and issue by JVS to ST of the ST JVS Consideration Shares; 

	 	(B)	the allotment and issue by JVD and the delivery to ST of the ST JVD Consideration Shares; and 

  

	 	(C)	the payment by the JVS Group to ST of the Cash Consideration, (which may be adjusted pursuant to the terms of Clause 7.6), 

 (together the “ST Consideration”) . 
  

	7.5	Ericsson Consideration 

 Ericsson agrees to transfer
the Ericsson Business Assets to the JV Companies and transfer to JVS the Ericsson Cash Contribution on the terms of this Agreement in consideration for: 
  

	 	(A)	the allotment and issue by JVD to Ericsson of the Ericsson JVD Consideration Shares; and 

  

	 	(B)	the allotment and issue by JVS to Ericsson of the Ericsson JVS Consideration Shares, 

 (together, the “Ericsson Consideration”). 
  

	7.6	Adjustment of the ST Consideration 

  

	 	(A)	If the Completion Asset Amount is greater than the Reference Completion Assets Amount, then the Cash Consideration shall be increased by the excess subject to a maximum upwards
adjustment of the Maximum Adjustment Cash Payment. 

  

	 	(B)	If the Completion Asset Amount is less than the Minimum Completion Assets Amount, then the Cash Consideration shall be decreased by the deficit to the Minimum Completion Assets
Amount. 

  

	 	(C)	If the Completion Asset Amount is greater than the Reference Completion Assets Amount by an amount greater than the Maximum Adjustment Cash Payment then ST shall be entitled to have
transferred to it from the JVS Group, ST Business Assets of a type which is not necessary for the effective continuation of the ST Business, such as inventory, of a value equal to the excess as a refund of the excess contribution made.

  

	7.7	Payments 

  

	 	(A)	The payment to be made to ST on Completion shall be an estimate by reference to the Estimated Completion Assets Statement of the Cash Consideration following adjustment in
accordance with Clauses 7.6(A) and 7.6(B) except that references to the Completion Assets Amount shall be deemed to be references to the Estimated Completion Assets Amount and the right of ST to have ST Business Assets transferred to it under Clause
7.6(C) shall be deemed to be a right not to transfer those Business Assets to the JVS Group. 

	 	(B)	Any payments due from ST or JVS pursuant to Clause 7.6 (after taking into account any estimated payments made under Clause 7.7(A)) shall be paid within 10 Business Days of agreement
or determination of the Completion Asset Amount. 

  

	7.8	Preparation of Completion Asset Statement and Estimated Completion Asset Statement 

  

	 	(A)	ST shall prepare or procure the preparation of Estimated Completion Asset Statement in accordance with the ST Accounting Principles and, to the extent not covered by these,
US GAAP, and shall provide the Estimated Completion Asset Statement to Ericsson not less than 10 Business Days prior to the Completion Date. 

  

	 	(B)	Within 30 Business Days of the Completion Date, ST shall prepare the draft Completion Asset Statement in accordance with the ST Accounting Principles and, to the extent not covered
by these, US GAAP. 

  

	 	(C)	ST shall deliver the draft Completion Asset Statement to the JV Auditors who shall be instructed to review the draft Completion Asset Statement and, within 30 Business Days, propose
such adjustments to the draft Completion Asset Statement as they believe are required for them to confirm that the draft Completion Asset Statement has been prepared on the basis set out in Clause 7.8(A) giving reasons in reasonable detail for each
adjustment. 

  

	 	(D)	Within 10 Business Days of delivery to the Parties by the JV Auditors of the draft Completion Asset Statement prepared in accordance with Clause 7.8(B), either or both of ST and
Ericsson may give notice to the other of any item or items it wishes to dispute together with the reasons in reasonable detail for such dispute and a list of proposed adjustments. If by the expiry of such period of 10 Business Days, no such notice
is given by either of ST or Ericsson the draft Completion Asset Statement as adjusted in accordance with Clause 7.8(C) shall be final and binding on the Parties. 

  

	 	(E)	If, in accordance with Clause 7.8(D), notice is given to either or both of ST and Ericsson as to any item or items in dispute: 

  

	 	(i)	ST and Ericsson shall attempt to agree in writing the item or items disputed; 

  

	 	(ii)	if any such item or items are not agreed in writing within 20 Business Days of receipt of notice of dispute, the item or items in dispute shall be determined by the JV Auditors in
accordance with Schedule 6 (JV Auditors); and 

  

	 	(iii)	the Completion Asset Statement adjusted to take account of each item in dispute (of which notice is given in accordance with Clause 7.8(D)) as agreed in writing or as determined by
the JV Auditors (as the case may be), shall constitute the Completion Asset Statement for the purposes of this Agreement. 

	7.9	Preparation of Ericsson Completion Liability Statement and Estimated Ericsson Completion Liability Statement 

  

	 	(A)	Ericsson shall prepare or procure the preparation of Estimated Ericsson Completion Liability Statement in accordance with the Ericsson Accounting Principles and, to the extent not
covered by these, IFRS, and shall provide the Estimated Ericsson Completion Liability Statement to ST not less than 10 Business Days prior to the Completion Date. 

  

	 	(B)	Within 30 Business Days of the Completion Date, Ericsson shall prepare the draft Ericsson Completion Liability Statement in accordance with the Ericsson Accounting Principles and,
to the extent not covered by these, IFRS. 

  

	 	(C)	Ericsson shall deliver the draft Ericsson Completion Liability Statement to the JV Auditors who shall be instructed to review the draft Ericsson Completion Liability Statement and,
within 30 Business Days, propose such adjustments to the draft Ericsson Completion Liability Statement as they believe are required for them to confirm that it has been prepared on the basis set out in Clause 7.9(A) giving reasons in reasonable
detail for each adjustment. 

  

	 	(D)	Within 10 Business Days of delivery to the Parties by the JV Auditors of the draft Ericsson Completion Liability Statement prepared in accordance with Clause 7.9(B), either or both
of ST and Ericsson may give notice to the other of any item or items it wishes to dispute together with the reasons in reasonable detail for such dispute and a list of proposed adjustments. If by the expiry of such period of 10 Business Days, no
such notice is given by either of ST or Ericsson the draft Ericsson Completion Liability Statement as adjusted in accordance with Clause 7.9(C) shall be final and binding on the Parties. 

  

	 	(E)	If, in accordance with Clause 7.8(D), notice is given to either or both of ST and Ericsson as to any item or items in dispute: 

  

	 	(i)	ST and Ericsson shall attempt to agree in writing the item or items disputed; 

  

	 	(ii)	if any such item or items are not agreed in writing within 20 Business Days of receipt of notice of dispute, the item or items in dispute shall be determined by the JV Auditors in
accordance with Schedule 6 (JV Auditors); and 

  

	 	(iii)	the Ericsson Completion Liability Statement adjusted to take account of each item in dispute (of which notice is given in accordance with Clause 7.8(D)) as agreed in writing or as
determined by the JV Auditors (as the case may be), shall constitute the Ericsson Completion Liability Statement for the purposes of this Agreement. 

  

	 	(F)	If, in accordance with Clause 7.9(D), notice is given to either or both of ST and Ericsson as to any item or items in dispute: 

  

	 	(i)	ST and Ericsson shall attempt to agree in writing the item or items disputed; 

	 	(ii)	if any such item or items are not agreed in writing within 20 Business Days of receipt of notice of dispute, the item or items in dispute shall be determined by the JV Auditors in
accordance with Schedule 6 (JV Auditors); and 

  

	 	(iii)	the Ericsson Completion Liability Statement adjusted to take account of each item in dispute (of which notice is given in accordance with Clause 7.9(D)) as agreed in writing or as
determined by the JV Auditors (as the case may be), shall constitute the Ericsson Completion Liability Statement for the purposes of this Agreement. 

  

	7.10	Responsibility for Liabilities 

 With effect from
Completion, each of the Parties shall comply with its obligations in Schedule 7 (Responsibility for Liabilities). 
  

	7.11	Responsibility for Tax Liabilities 

 With effect
from Completion, each of the Parties shall comply with its obligations in Schedule 8 (Tax Indemnity). 
  

	7.12	Pensions 

 With effect from Completion, each of the
Parties shall comply with its obligations in Schedule 14 (Pensions). 
  

	7.13	Exchange Rate 

 For the purposes of Clauses 7.6, 7.7
and 7.8 any amounts expressed in Euros shall be converted into US Dollars at the Agreed Exchange Rate. 
  

	7.14	Adjustments to Ericsson Consideration/ST Consideration 

 Unless otherwise agreed, any payment made by Ericsson under this Agreement shall (so far as possible) be treated as an adjustment to the Ericsson Consideration to the extent of the payment; and any payment made by ST under this Agreement
shall (so far as possible) be treated as an adjustment to the ST Consideration to the extent of the payment. 
  

	8.	EMPLOYEES 

  

	8.1	Informing and Consulting 

  

	 	(A)	 ST shall, or shall procure that the relevant ST Business shall in the case of ST Employees, and Ericsson shall, or shall procure that the relevant Ericsson Business
shall in the case of Ericsson Employees comply with all applicable statutory and/or contractual obligations in connection with the transfer of Employees, including, without limitation, obligations to 

	 	 
inform and/or consult with or obtain advice from any Representative Entities or employees and shall successfully resolve any outstanding issues in relation
thereto and unless there is such compliance by the Parties neither of them will have any obligation to proceed with Completion (without limiting their other rights, powers or remedies at law or under this Agreement). 

  

	 	(B)	Each Party shall provide the other, upon request, all information and assistance reasonably required to satisfy that parties consultation obligations in Clause 8.1(A) above.

  

	 	(C)	At least 7 Business Days prior to Completion, Ericsson shall provide ST with a list of all the Ericsson Employees, clearly indicating their job title, material terms and conditions
of employment, whether each Ericsson Employee works on a full, time, part time or temporary basis and whether any such employee is on leave of absence for any reason. 

  

	 	(D)	At least 7 Business Days prior to Completion, ST shall provide Ericsson with a list of all the ST Employees, clearly indicating their job title, material terms and conditions of
employment, whether each ST Employee works on a full, time, part time or temporary basis and whether any such employee is on leave of absence for any reason. 

  

	8.2	Wrong pocket – right employees do not transfer 

 If the contract of employment of any Employee is found or alleged not to have effect as if originally made with the relevant JV Company or relevant Member of the JV Group with effect from the Completion Date, the relevant Member of the JV
Group shall make or shall procure that there is made, in consultation with the relevant Party, to that Employee an offer in writing to employ him under a new contract of employment on terms and conditions which, unless otherwise agreed by the
Parties, will not differ from the corresponding provisions of the Employee’s then existing contract of employment.
  

	8.3	Wrong pocket – wrong employees transfer 

  

	 	(A)	For the purposes of Clauses 8.3(B) and 8.3(C), the “Transferee Employer” shall be the person to whom the Wrongly Transferred Employee alleges he has transferred and the
“Transferor Employer” shall be the relevant Member of Ericsson Group or of the ST Group, as the case may be. 

  

	 	(B)	If for any reason any person is found, alleged or agreed to be a Wrongly Transferred Employee, the Parties may agree that either: 

  

	 	(i)	the Transferor Employer shall (and each Party shall ensure that the relevant Transferor Employer that is a member of its Group shall), in consultation with the Transferee Employer,
make to the Wrongly Transferred Employee an offer in writing to employ him under a new contract of employment, to take effect upon the termination of his employment by the Transferee Employer, on terms and conditions which, unless otherwise agreed
by the Parties, will not differ from the corresponding provisions of the Wrongly Transferred Employee’s contract of employment immediately before the Completion Date, or 

	 	(ii)	the Transferee Employer may terminate the employment of such Wrongly Transferred Employee. 

  

	 	(C)	The Transferor Employer shall (and each Party shall ensure that the relevant Transferor Employer that is a member of its Group shall) indemnify the Transferee Employer on an after
Tax basis against the costs of the Wrongly Transferred Employee’s employment, the termination of that employment and any liabilities or costs relating to the Wrongly Transferred Employee which transfer to the Transferee Employer under the
Acquired Rights Directive. 

  

	 	(D)	Clauses 8.3(A) to (C) do not apply to any back end personnel as described in Schedule 9 (Excluded Assets) to this Agreement. 

  

	8.4	Allocation of Liabilities 

  

	 	(A)	Notwithstanding Schedule 10 (Excluded Liabilities), each Party shall keep each JV Company and each member thereof indemnified on an after Tax basis against any Liability (other than
the Ericsson Accrued Vacation/Bonus Liability and the ST Accrued Vacation/Bonus Liability) in respect of the employment of any Employee at any time prior to Completion by that Party or any member of that Party’s Group (including, with respect
to ST Employees, the period prior to the ST-NXP Wireless Closing), including, without limitation, (i) in respect of change of control and/or termination entitlements to or for the benefit of such an Employee under or in connection with the
transactions contemplated by this Agreement, (ii) in respect of that Party’s failure to comply with any obligations (imposed by statute, regulation, collective labour agreement, contract or otherwise) in relation to the informing and
consulting of such an Employee and/or Representative Entities applicable to him and (iii) in respect of any such Employee objecting to the transfer of his employment to a JV Company. 

  

	 	(B)	All costs and liabilities (including Tax) suffered or incurred by any Member of the JV Group as a result of the award or grant of benefits under the Share Schemes on or prior to the
Completion Date shall be indemnified on an after-Tax basis by the JV Partner making the award or grant. 

  

	8.5	Terms and conditions 

 Except to the extent agreed
otherwise by the Parties, it is the intention of the Parties that the Joint Venture shall not offer any Employee terms and conditions of employment that, when considered overall, are less favourable than the corresponding provisions as existing
immediately prior to Completion, but without prejudice to the right or ability of any JV Company to amend or terminate any term and condition of employment or benefit of any Employee at any time. 
 Each of JVD and JVS shall procure that service with either of ST or Ericsson (as the case may be) shall be included for the purposes of
determining severance liabilities and vesting and eligibility for benefits and pre Completion conditions shall not be used to exclude coverage. 

	9.	Adjustment of Pension Liability 

  

	9.1	ST Adjustment 

  

	 	(A)	If the ST Completion Pension Statement identifies that a Pension Deficit exists then the ST shall transfer an amount in USD equal to that Pension Deficit as directed in writing by
the relevant JV Company. 

  

	 	(B)	Any payments due from ST pursuant to Clause 9.1(A) shall be paid within 10 Business Days of agreement or determination of the ST Completion Pension Statement.

  

	 	(C)	Within twelve weeks of the Completion Date, ST shall prepare the draft ST Completion Pension Statement in accordance with the ST Accounting Principles and Schedule 14 and, to the
extent not covered by these, US GAAP. 

  

	 	(D)	ST shall deliver the draft ST Completion Pension Statement to the JV Auditors who shall be instructed to review the draft ST Completion Pension Statement and, within six weeks,
propose such adjustments to the draft ST Completion Pension Statement as they believe are required for them to confirm that the draft ST Completion Pension Statement has been prepared on the basis set out in Clause 9.1(C) giving reasons in
reasonable detail for each adjustment. 

  

	 	(E)	Within two weeks of delivery to the Parties by the JV Auditors of the draft ST Completion Pension Statement reviewed in accordance with Clause 9.1(C), either or both of ST and
Ericsson may give notice to the other of any item or items it wishes to dispute together with the reasons in reasonable detail for such dispute and a list of proposed adjustments. If by the expiry of such period of ten Business Days, no such notice
is given by either of ST or Ericsson the draft ST Completion Pension Statement as adjusted in accordance with Clause 9.1(D) shall be final and binding on the Parties. 

  

	 	(F)	If, in accordance with Clause 9.1(E), notice is given to either or both of ST and Ericsson as to any item or items in dispute: 

  

	 	(i)	ST and Ericsson shall attempt to agree in writing the item or items disputed; 

  

	 	(ii)	if any such item or items are not agreed in writing within 20 Business Days of receipt of notice of dispute, the item or items in dispute shall be referred to an independent
actuary, in accordance with Clause 9.3; and 

  

	 	(iii)	the ST Completion Pension Statement adjusted to take account of each item in dispute (of which notice is given in accordance with Clause 9.1(E)) as agreed in writing or as
determined by the independent actuary (as the case may be), shall constitute the ST Completion Pension Statement for the purposes of this Agreement. 

	9.2	Ericsson Adjustment 

  

	 	(A)	Clause 9.1 shall apply to Ericsson mutatis mutandis so that references to ST shall be deemed to be references to Ericsson.  

  

	9.3	Referral to an independent Actuary 

  

	 	(A)	ST and Ericsson may each appoint their own actuary to review, in the case of ST the Ericsson Completion Pension Statement and in the case of Ericsson the ST Completion Pension
Statement. 

  

	 	(B)	Any dispute between the actuary appointed by ST and the actuary appointed by Ericsson concerning the Completion Pension Statements or the calculation of any Pension Liability or of
any other matters to be determined or agreed by them shall, in the absence of agreement between them, be referred to an independent actuary. 

  

	 	(C)	The independent actuary shall be nominated jointly by ST and Ericsson or, failing such nomination, shall be nominated by the President for the time being of The Institute of
Actuaries in England and Wales at the instance of the party first applying to him on such terms as such President shall determine. In any such case, the independent actuary shall be a person who possesses appropriate expertise in relation to the
jurisdiction in respect of which the matter has arisen.

  

	 	(D)	The independent actuary so appointed shall act as an expert and not as an arbitrator. His decision shall be final and binding. His costs shall be borne between ST of the
one part and Ericsson of the other part as the independent Actuary may direct. 

  

	10.	COMPLETION 

  

	10.1	On the Completion Date, representatives of the Parties shall meet at a time and place to be agreed by the Parties. 

  

	10.2	At Completion: 

  

	 	(A)	Ericsson shall: 

  

	 	(i)	subject to Clause 11, take such action and execute such documents (and procure that the relevant Members of the Ericsson Group take such action and execute such documents), so far
as is within their power to do so, as are required to transfer to the JV Companies or the Acquirors the ownership of the Ericsson Business Assets in accordance with the structure determined under Clause 7; 

  

	 	(ii)	procure that JVD allot and issue the JVD Consideration Shares and deliver the ST JVD Consideration Shares to ST (or a Member of the ST Group) and the Ericsson JVD Consideration
Shares to Ericsson (or a Member of the Ericsson Group), each credited as fully paid and ranking pari passu in all respects with the existing fully paid shares in the capital of JVD; 

	 	(iii)	transfer to JVS by way of telegraphic transfer (using the CHAPS system), the Ericsson Cash Contribution; 

  

	 	(iv)	execute and deliver all the Agreed Form Documents to which it is a party; 

  

	 	(v)	procure that its Affiliates execute and deliver all the Agreed Form Documents to which they are parties; and 

  

	 	(B)	ST shall: 

  

	 	(i)	subject to Clause 11, take such action and execute such documents (and procure that the relevant Members of the ST Group take such action and execute such documents), so far as is
within their power to do so, as are required to transfer to JVS or the Acquirors the ownership of the ST Business Assets in accordance with the structure determine under Clause 7; 

  

	 	(ii)	procure that JVS allot and issue the JVS Consideration Shares and deliver the ST JVS Consideration Shares to ST (or a Member of the ST Group) and the Ericsson JVS Consideration
Shares to Ericsson (or a Member of the Ericsson Group), each credited as fully paid and ranking pari passu in all respects with the existing fully paid shares in the capital of JVS; 

  

	 	(iii)	procure that JVS transfer the Cash Consideration (on its own behalf and on behalf of the Acquirors) by transfer of the relevant amount into the account of ST notified to JVS or
Ericsson prior to Completion; 

  

	 	(iv)	execute and deliver all the Agreed Form Documents to which it is a party; 

  

	 	(v)	procure that its Affiliates execute and deliver all the Agreed Form Documents to which they are parties; and 

  

	10.3	The Shares shall be issued free from all mortgages, pledges, claims, liens, charges, encumbrances and equities or other third party rights or claims of any nature whatsoever.

  

	10.4	If a Party breaches any of its obligations in terms of Clause 10.2, then the other Party is entitled: 

  

	 	(A)	to defer Completion (so that this Clause 10 (Completion) applies to Completion so deferred); 

  

	 	(B)	to proceed with Completion so far as practicable (without limiting its other rights, powers or remedies at law or under this Agreement); or 

	 	(C)	(for a breach of any of the obligations in terms of Clause 10.2 other than 10.2(A)(i) or 10.2(B)(i)) to terminate this Agreement (other than the Surviving Provisions) by notice
in writing to the other Party (without limiting its other rights, powers or remedies at law or under this Agreement). 

  

	10.5	If any ST Excluded Assets have not been extracted from the ST Business Assets prior to Completion, other than any which are not material, then Ericsson is entitled:

  

	 	(A)	to defer Completion (so that this Clause 10 (Completion) applies to Completion so deferred); or 

  

	 	(B)	to proceed with Completion so far as practicable (without limiting its other rights, powers or remedies at law or under this Agreement). 

  

	11.	DELAYED COMPLETION 

  

	11.1	The Parties acknowledge that not all of the Business Assets may be capable of being transferred to the JV Companies at Completion. 

  

	11.2	Provided the Conditions Precedent have been fulfilled and the Business Assets in the Significant Jurisdictions are capable of being transferred to the JV Companies then Completion
may occur notwithstanding that the Business Assets in the remaining jurisdictions may not be transferred at Completion 

  

	11.3	The Parties shall use all reasonable endeavours to procure that any Business Assets not transferred at Completion are transferred to the relevant JV Company as soon as practicable
following Completion and in any event prior to the NXP Longstop Date (“Delayed Completion”). 

  

	11.4	In respect of any Business Assets subject to Delayed Completion: 

  

	 	(A)	Clauses 10.2(A)(i) or 10.2(B)(i) shall not apply at Completion but shall apply at Delayed Completion; 

  

	 	(B)	Clause 6 shall continue to apply to the Business Assets pending Delayed Completion; and 

  

	 	(C)	so far as lawful, the Business Assets shall be held on trust for the relevant JV Company. 

  

	12.	WARRANTIES 

  

	12.1	Each Party warrants to and in favour of the other that save as contemplated in this Agreement, as of the date of this Agreement: 

  

	 	(A)	it and its Affiliates have and will have full power and authority to enter into, exercise their rights and perform their obligations under and in connection with the Transaction
Documents to which any of them is or will be a party; 

	 	(B)	all actions, conditions and things required to be taken, fulfilled and done (including but not limited to the obtaining of necessary consents, approvals, authorisations, exemptions,
filings, licences, orders, permissions, recordings or registrations anywhere in the world) in order: 

  

	 	(i)	to enable it and its Affiliates lawfully to enter into, exercise their rights and perform their obligations under and in connection with the Transaction Documents to which any of
them is or will be a party; and 

  

	 	(ii)	to ensure that it and its Affiliates’ obligations under and in connection with the Transaction Documents to which any of them is or will be a party are valid, legally binding
and enforceable, 

 have or at Completion will have been taken, fulfilled and done; 
  

	 	(C)	the execution and delivery of, and the performance by it and its Affiliates of their obligations under and in connection with the Transaction Documents to which any of them is or
will be a party, does not and will not result in a breach of: 

  

	 	(i)	any provision of their constitutional documents; or 

  

	 	(ii)	any law, contract, agreement, order, judgement or decree of any court or governmental agency to which any of them is or will be a party or by which any of them is bound which could
have a material adverse effect on the Joint Venture or the ability of any of the parties to the Transaction Documents to perform their obligations thereunder; and 

  

	 	(D)	no order has been made or petition presented or resolution passed for the winding up of it or any of its Affiliates which will be a party to, or execute and deliver, any of the
Transaction Documents or for an administration order in respect of any of them or for the appointment of an administrative receiver or receiver or receiver and manager over all or part of the assets of any of them and no distress, execution or other
process has been levied on any of their assets (nor has any of them become subject to proceedings analogous to any of the foregoing under the laws of any jurisdiction). Neither it nor any of its Affiliates is insolvent or unable to pay its debts for
the purposes of Section 123 of the Insolvency Act 1986 or any similar applicable law in any other jurisdiction and no administrative receiver or receiver or receiver and manager has been appointed by any person of its business or assets or any
part thereof and no power to make any such appointment has arisen (nor has any of them become subject to proceedings analogous to any of the foregoing under the laws of any jurisdiction). 

  

	12.2	Ericsson warrants to and in favour of ST as of the date of this Agreement: 

  

	 	(A)	After the Completion Date, JVS will have assigned to it the benefit of Ericsson’s agreement with SEMC dated 30 September 2001 (together with the commercial terms then
current thereunder). 

	 	(B)	Other than in respect of the Ericsson IP Liabilities, Ericsson or the relevant Member of the Ericsson Group has or will, as at Completion, have full title, free from all mortgages,
pledges, claims, liens, charges, encumbrances and equities or other third party rights or claims of any nature whatsoever, to, or a valid right to use, the Ericsson Business Assets to be transferred to the JV Companies pursuant to this Agreement.

  

	 	(C)	Except to the extent that assets and contracts will be provided or made available to the JV Companies pursuant to the terms of any of the Transaction Documents, the Ericsson
Business Assets constitute all of the assets necessary to enable the JV Companies to properly carry on the Ericsson Business after Completion as currently being carried on in each jurisdiction and are not materially in excess of the JV
Companies’ requirements in order to properly carry on the Ericsson Business after Completion. 

  

	 	(D)	The Ericsson Business Contracts include all of the material contracts made with customers and suppliers which relate exclusively to the Ericsson Business as carried on by Members of
the Ericsson Group at the Completion Date. 

  

	 	(E)	The contracts and arrangements between the Ericsson Business and Members of the Ericsson Group, taken as a whole, are and will be at the Completion Date on arms’ length terms
and reflect competitive market terms of trade for the type of services provided pursuant to such contracts or arrangements. 

  

	 	(F)	In relation to the Ericsson Business, no member of the Ericsson Group is the subject of any official investigation or inquiry or proceedings brought by any Governmental Authority or
other administrative authority which have had, or is likely to have, a material adverse effect on the carrying on of the Ericsson Business and Ericsson is not aware of any facts which are likely to give rise to any such investigation or inquiry.

  

	 	(G)	So far as Ericsson is aware, there is no existing, pending or threatened material dispute or potential material dispute relating to Employees between any Member of the Ericsson
Group and any Representative Entity, or any material number of Employees in any Significant Jurisdiction. 

  

	 	(H)	Copies of all agreements or arrangements in relation to collective bargaining or co-determination with any Representative Entity in relation to the Significant Jurisdiction save for
such agreements or arrangements which are applicable industry-wide, have been or will, prior to Completion, be made available to ST. None of Ericsson nor any member of the Ericsson Group has, in relation to any Significant Jurisdiction, received any
request for any agreement or arrangement from any Representative Entity for the purpose of collective bargaining or co-determination and so far as Ericsson is aware, no such request is pending in relation to any Significant Jurisdiction. Ericsson
and the relevant Members of the Ericsson Group are, in relation to each Significant Jurisdiction, in all material respects fully in compliance with each such agreement or arrangement with any Representative Entity. 

	 	(I)	Ericsson has provided, or prior to Completion, will provide to ST full material information in respect of all material Benefit Plans relating to the Employees in the Significant
Jurisdictions and in relation to all other relevant jurisdictions the information provided by Ericsson to ST in respect of all material Benefit Plans relating to the Employees has been provided in good faith and all factual information relating to
the Employees in such other relevant jurisdictions which has been provided is accurate in all material respects. 

  

	 	(J)	No announcement or undertaking has been made to any of the Employees by or on behalf of any Member of the Ericsson Group regarding any material improvement, reduction or
introduction of any employment benefit (other than a pension or death benefit) for or in respect of any such person in connection with the transactions contemplated by this Agreement taking effect before, on or after Completion.

  

	 	(K)	Each member of the Ericsson Group has in relation to the Ericsson Business materially complied with any relevant environmental and health and safety laws and regulations (insofar as
these protect the environment and prevent contamination) save to the extent that non-compliance will not result in a material adverse effect on the Ericsson Business. 

  

	12.3	Except to the extent that the contracts will be provided or made available to JVD pursuant to the terms of any Transaction Documents, Ericsson undertakes to ST and the JV Companies
that JVD will, for so long as Ericsson owns more than 50 per cent. of JVD, have the benefit of all contracts between Ericsson or Members of the Ericsson Group and third parties that provide any benefit for the Ericsson Business as carried on by
Ericsson or Members of the Ericsson Group prior to the Completion Date PROVIDED THAT: 

  

	 	(A)	this undertaking shall apply only to those contracts which permit Ericsson (or a Member of the Ericsson Group) to provide or make available to JVD the benefit of such contracts and
without the prior consent of, or compensation to, any third party; 

  

	 	(B)	ST agrees that Ericsson (or a Member of the Ericsson Group) shall be entitled to provide such benefits directly to JVD instead of by way of a contract with a third party; and

  

	 	(C)	Ericsson (or the relevant Member of the Ericsson Group) shall be entitled to terminate and/or shall not be required to renew or extend any contract with a third party which does not
or ceases to provide a benefit to any Member of the Ericsson Group (other than JVD). In respect of the Non-NXP Business, ST warrants to and in favour of Ericsson as of the date of this Agreement. 

  

	12.4	In respect of the Non-NXP Business, ST warrants to and in favour of Ericsson as of the date of this Agreement: 

  

	 	(A)	Except to the extent that the contracts will be provided or made available to JVS pursuant to the terms of any Transaction Documents, ST undertakes to Ericsson and the JV Companies
that JVS will, for so long as ST owns more than 50 per cent. of JVS, have the benefit of all contracts between ST or Members of the ST Group and third parties that provide any benefit for the ST Business as carried on by ST or Members of the ST
prior to the Completion Date PROVIDED THAT: 

  

	 	(i)	this undertaking shall apply only to those contracts which permit ST (or a Member of the ST Group) to provide or make available to JVS the benefit of such contracts and without the
prior consent of, or compensation to, any third party; 

	 	(ii)	Ericsson agrees that ST (or a Member of the ST Group) shall be entitled to provide such benefits directly to JVS instead of by way of a contract with a third party; and

  

	 	(iii)	ST (or the relevant Member of the ST Group) shall be entitled to terminate and/or shall not be required to renew or extend any contract with a third party which does not or ceases
to provide a benefit to any Member of the ST Group (other than JVS). 

  

	 	(B)	Other than in respect of the ST IP Liabilities, ST or the relevant Member of the ST Group has or will, as at Completion, have full title, free from all mortgages, pledges, claims,
liens, charges, encumbrances and equities or other third party rights or claims of any nature whatsoever, to, or a valid right to use, the ST Business Assets comprised within the Non-NXP Business to be transferred to the JV Companies pursuant to
this Agreement. 

  

	 	(C)	Except to the extent that assets and contracts will be provided or made available to the JV Companies pursuant to the terms of any of the Transaction Documents, the ST Business
Assets comprised within the Non-NXP Business constitute all of the assets necessary to enable the JV Companies to properly carry on the Non-NXP Business after Completion as currently being carried on in each jurisdiction and are not materially in
excess of the JV Companies’ requirements in order to properly carry on the Non-NXP Business after Completion. 

  

	 	(D)	The ST Business Contracts comprised within the Non-NXP Business include all of the material contracts made with customers and suppliers which relate exclusively to the Non-NXP
Business as carried on by Members of the ST Group at the Completion Date. 

  

	 	(E)	The contracts and arrangements between the Non-NXP Business and Members of the ST Group, taken as a whole, are and will be at the Completion Date on arms’ length terms and
reflect competitive market terms of trade for the type of services provided pursuant to such contracts or arrangements. 

  

	 	(F)	In relation to the Non-NXP Business, no member of the ST Group is the subject of any official investigation or inquiry or proceedings brought by any Governmental Authority or other
administrative authority which have had, or is likely to have, a material adverse effect on the carrying on of the Non-NXP Business and ST is not aware of any facts which are likely to give rise to any such investigation or inquiry.

	 	(G)	So far as ST is aware, there is no existing, pending or threatened material dispute or potential material dispute relating to Non-NXP Employees between any Member of the ST Group
and any Representative Entity, or any material number of Non-NXP Employees in any Significant Jurisdiction. 

  

	 	(H)	Copies of all agreements or arrangements in relation to collective bargaining or co-determination with any Representative Entity in relation to the Significant Jurisdictions save
for such agreements or arrangements which are applicable industry-wide, have been or will, prior to Completion, be made available to Ericsson. None of ST nor any member of the ST Group has, in relation to any Significant Jurisdiction, received any
request for any agreement or arrangement from any Representative Entity for the purpose of collective bargaining or co-determination and so far as ST is aware, no such request is pending in relation to any Significant Jurisdiction. ST and the
relevant Members of the ST Group are, in relation to each Significant Jurisdiction, in all material respects fully in compliance with each such agreement or arrangement with any Representative Entity. 

  

	 	(I)	ST has provided, or prior to Completion, will provide to Ericsson full material information in respect of all material Benefit Plans relating to the Non-NXP Employees in the
Significant Jurisdictions and in relation to all other relevant jurisdictions the information provided by ST to Ericsson in respect of all material Benefit Plans relating to the Non-NXP Employees has been provided in good faith and all factual
information relating to the Non-NXP Employees in such other relevant jurisdictions which has been provided is accurate in all material respects. 

  

	 	(J)	No announcement or undertaking has been made to any of the Non-NXP Employees by or on behalf of any Member of the ST Group regarding any material improvement, reduction or
introduction of any employment benefit (other than a pension or death benefit) for or in respect of any such person in connection with the transactions contemplated by this Agreement taking effect before, on or after Completion.

  

	 	(K)	Each member of the ST Group has in relation to the Non-NXP Business materially complied with any relevant environmental and health and safety laws and regulations (insofar as these
protect the environment and prevent contamination) save to the extent that non-compliance will not result in a material adverse effect on the Non-NXP Business. 

  

	12.5	 In respect of the NXP Business, to the extent that any matter, fact or circumstance gives rise to a claim by ST under the NXP Warranties (an “NXP
Claim”), ST agrees and undertakes to Ericsson to immediately inform Ericsson of the NXP Claim and, as soon as reasonably practicable, to take all steps as JVS may reasonably require to pursue such claim against NXP B.V. pursuant to the
Falcon Sale and Contribution Agreement. JVS with the assistance of Ericsson if required shall take such action and give such information and access to personnel, premises, documents and records as well as procure, such reasonable 

	 	 
action, and give (or procure the giving of) such reasonable information and assistance, in order to make, pursue, appeal and enforce the NXP Claim. The risks
and benefits of any NXP Claim brought by ST shall be for the benefit of JVS and accordingly ST shall have no liability to Ericsson or JVS in relation to the NXP Business other than to the extent it recovers pursuant to an NXP Claim and any amount
recovered under an NXP Claim shall be paid to JVS. JVS shall indemnify and secure and keep indemnified and secure ST against all direct and indirect loss, liability, damage and expense suffered or incurred by it that arises out of or in connection
with taking any such action as JVS may reasonably require which for the avoidance of doubt includes, without limitation, the reasonable costs and reasonable expenses of an independent firm monitoring and representing ST in the claim, any losses for
which ST may be liable and the reasonable costs and reasonable expenses of ST in taking the actions required by JVS and any such reasonable costs and reasonable expenses of the independent firm are to be paid by JVS as they fall due.

  

	12.6	Each Party must indemnify the other Party and keep it indemnified against all direct and indirect loss, liability, damage and expense suffered or incurred by it that arises out of
or in connection with any breach by the first-mentioned Party of any of the warranties given by it in terms of Clause 12.1 to Clause 12.3. 

  

	12.7	Neither Party shall be liable in respect of any claim under this Clause 12 to the extent the matter or circumstance giving rise to that claim: 

  

	 	(A)	is the subject of a claim under Clause 8; 

  

	 	(B)	is the subject of a claim under Schedule 7; 

  

	 	(C)	is the subject of a claim under Schedule 8; 

  

	 	(D)	is the subject of a claim under Schedule 14; 

  

	 	(E)	has been or is made good or is otherwise compensated for without cost to the JV Companies and the other party; or 

  

	 	(F)	is the subject of a claim providing for specific indemnification under any other clause of this Agreement. 

  

	12.8	The liability of a Party under this Clause shall terminate in respect of Business Assets or liabilities relating to a JV Company at the time that its liability to that JV Company
terminates under Part 3 of Schedule 7. 

  

	13.	ANNOUNCEMENTS 

  

	13.1	Subject to Clause 13.2 and except for the press release(s) in the Agreed Form, no announcement concerning the subject matter of this Agreement may be made by either Party
without the prior written approval of the other, provided that such approval must not be unreasonably withheld or delayed. 

  

	13.2	Either Party may, after consultation with the other party, make an announcement concerning the subject matter of this Agreement if required by: 

  

	 	(A)	law; 

	 	(B)	existing contractual obligations; or 

  

	 	(C)	any securities exchange or regulatory or governmental body to which that Party is subject or submits, wherever situated, whether or not the requirement has the force of law,

 in which case the Party concerned must take all such steps as may be reasonable and practicable in the circumstances to agree
the contents of such announcement with the other Party before making such announcement. 
  

	14.	CONFIDENTIALITY 

  

	14.1	Each Party must treat as confidential all information obtained by it as a result of entering into or performing this Agreement which relates to: 

  

	 	(A)	the provisions of this Agreement; 

  

	 	(B)	the negotiations relating to this Agreement; 

  

	 	(C)	the subject matter of this Agreement; or 

  

	 	(D)	the other Party. 

  

	14.2	Notwithstanding the other provisions of Clause 14.1, either Party may disclose confidential information: 

  

	 	(A)	if and to the extent required by law or for the purpose of any judicial proceedings; 

  

	 	(B)	if and to the extent required by existing contractual obligations; 

  

	 	(C)	if and to the extent required by any securities exchange or regulatory or governmental body to which that party is subject or submits, wherever situated, whether or not the
requirement for information has the force of law; 

  

	 	(D)	if and to the extent required for the purposes of any arbitration pursuant to Clause 19 (Arbitration); 

  

	 	(E)	if and to the extent required to vest the full benefit of this Agreement in that Party; 

  

	 	(F)	to its professional advisers, auditors and bankers; 

  

	 	(G)	if and to the extent the information has come into the public domain through no fault of that Party; or 

  

	 	(H)	if and to the extent the other Party has given prior written consent to the disclosure, such consent not to be unreasonably withheld or delayed. 

	14.3	Any information to be disclosed pursuant to Clauses 14.2(A) to 14.2(D) (inclusive) may be disclosed only after consultation with the other Party. 

  

	15.	COSTS AND EXPENSES 

  

	15.1	Except as otherwise stated in this Agreement, each Party must pay its own costs and expenses incurred or to be incurred in negotiating, preparing, concluding or performing this
Agreement. 

  

	15.2	Start-Up Costs will be shared equally between the parties or paid by the JV Companies. 

  

	15.3	Ericsson will pay any costs and expenses required to restructure or reorganise the Ericsson Business in preparation for transfer or in implementing the transfer.

  

	15.4	ST will pay any costs and expenses required to restructure or reorganise the ST Business in preparation for transfer or in implementing the transfer. 

  

	16.	FURTHER ASSURANCE AND WRONG POCKETING 

  

	16.1	Upon and after Completion the Parties shall, and will procure that the relevant Member of the ST Group or Ericsson Group, as applicable, shall, do and execute and deliver or procure
to be done and executed and delivered all such further acts, deeds, documents, instruments of conveyance, assignment and transfer and things as may be necessary to give effect to the terms of this Agreement to place control of the Businesses in the
hands of the JV Companies in order effectively to convey, transfer, vest and record title in the Business Assets to the Acquirors and pending the doing of such acts, deeds, documents and things, the Parties shall and will procure that the relevant
Member of the ST Group or Ericsson Group, as applicable, shall as from the Completion Date hold the legal estate in the Business Assets in trust for the Acquirors and the JV Companies (as applicable and as the case may be) to the extent that it
shall not have transferred the same to the Acquirors and JV Companies (as applicable and as the case may be). 

  

	16.2	To the extent that it is determined, following Completion, that the Acquirors or JV Companies have not been transferred any asset that should have been transferred to it, the
Parties shall, and shall procure that the relevant Member of the ST Group or Ericsson Group, as applicable, shall, effect the transfer of that asset to the Acquiror, where relevant, against payment of such consideration therefor as would have been
payable had the relevant asset been transferred. 

  

	16.3	To the extent that it is determined, following Completion, that the Acquirors or JV Companies have been transferred any asset that should not have been transferred to it, the
Parties shall, and shall procure that asset shall be transferred from the relevant Acquiror or JV Company to the relevant Member of the ST Group or Ericsson Group, as applicable, for no consideration. 

  

	16.4	If for any legal, regulatory or Tax reason it is not practicable to give full effect to this Agreement and securing to the JV Companies or the Acquirors the full benefit of the
rights, powers and remedies conferred on, or obligations undertaken by, it without a material adverse effect on any Member of the Ericsson Group or any Member of the ST Group, the Parties agree to discuss in good faith alternative arrangements which
as nearly as practicable reflect, and give the same benefits or transfer responsibilities for the same obligations as, the provisions of this Agreement which is the subject of such legal, regulatory or Tax constraint. 

	17.	GOVERNING LAW 

 This Agreement shall be governed by
and construed in accordance with Swiss law. 
  

	18.	NOTICES 

  

	18.1	A notice under this Agreement is only be effective if it is in writing. Faxes are permitted but e-mail is not permitted. 

  

	18.2	Notices under this Agreement must be sent to a Party at its address or fax number and for the attention of the individual set out below: 

  

	 	(A)	Ericsson: 

  

	 	(i)	Address: its registered office from time to time 

  

	 	(ii)	Fax number: +46 8 719 95 27 

  

	 	(iii)	For attention of: General Counsel 

  

	 	(B)	ST: 

  

	 	(i)	Address: its registered office from time to time 

  

	 	(ii)	Fax number: +41 22 929 5906 

  

	 	(iii)	For attention of: General Counsel 

  

	18.3	Either Party may change its notice details on giving notice to the other Party of the change in accordance with this clause. That notice is only be effective on the day falling 5
clear Business Days after the notification has been received or such later date as may be specified in the notice. 

  

	18.4	Any notice given under this Agreement must, in the absence of earlier receipt, be deemed to have been duly given as follows: 

  

	 	(A)	if delivered personally, on delivery; 

  

	 	(B)	if sent by first class post, 3 clear Business Days after the date of posting; or 

  

	 	(C)	if sent by facsimile, when despatched. 

  

	18.5	Any notice given under this Agreement outside 9:30 a.m. and 5:00 p.m. (“Working Hours”) in the place to which it is addressed must be deemed not to have been given
until the start of the next period of Working Hours in such place. 

	18.6	The provisions of this Clause 18 (Notices) do not apply in relation to the service of court process. 

  

	19.	ARBITRATION 

 The JV Partners agree and shall
procure that any Dispute arising under or in connection with this Agreement or the Transaction Documents shall be resolved under and in accordance with Schedule 4 (Arbitration). Where any Transaction Documents are entered into by Members of
the Ericsson Group and/or Members of the ST-NXP Group and/or Members of the JV Group, the JV Partners shall ensure that members of their respective groups and the JV Companies shall ensure that members of their respective groups, submit any such
Dispute for resolution in accordance with Schedule 4, mutatis mutandis. 
  

	20.	MISCELLANEOUS 

  

	20.1	Entire Agreement 

  

	 	(A)	This Agreement constitutes the whole and only agreement between the Parties relating to its subject matter. 

  

	 	(B)	Except in the case of fraud, no Party has any right of action against any other Party arising out of or in connection with any draft, agreement, undertaking, representation,
warranty, promise, assurance or arrangement of any nature whatsoever, whether or not in writing, relating to the subject matter of this Agreement made or given by any person at any time prior to the date of this Agreement, except to the extent that
it is repeated in this Agreement. 

  

	 	(C)	This Agreement may only be varied by a written instrument or instruments duly executed by or on behalf of each of the Parties. 

  

	20.2	Remedies and Waivers 

  

	 	(A)	No delay or omission by any Party in exercising any right, power or remedy provided by law or under this Agreement must: 

  

	 	(i)	affect that right, power or remedy; or 

  

	 	(ii)	operate as a waiver of it. 

  

	 	(B)	The single or partial exercise of any right, power or remedy provided by law or under this Agreement does not preclude any other or further exercise of it or the exercise of any
other right, power or remedy. 

  

	 	(C)	The rights, powers and remedies provided in this Agreement are cumulative and not exclusive of any rights, powers and remedies provided by law. 

	20.3	No Assignment 

 Neither Party is entitled to assign
its rights or benefits under this Agreement without the prior written consent of the other. No declaration of trust is permitted in respect of any Party’s rights or benefits under this Agreement. 
  

	20.4	Counterparts 

 This Agreement may be executed in any
number of counterparts, and by the Parties on separate counterparts, but is not effective until each Party has executed at least one counterpart. Each counterpart constitutes an original of this Agreement, but all the counterparts together
constitute but one and the same instrument. 
  

	20.5	Effect of Completion 

 Any term of this Agreement
which is capable of being performed after but which has not been performed at or before Completion (including but not limited to the Surviving Provisions and all the warranties given in terms of Clause 12 (Warranties)) remains in full
force and effect notwithstanding Completion. 
  

	20.6	No Partnership 

 Nothing in this Agreement
constitutes a partnership between the Parties and none of the Parties has authority to bind or commit the other Party. 
  

	20.7	Conflict with Other Transaction Documents 

 If there
is any conflict or inconsistency between this Agreement and any other Transaction Document, then the terms of this Agreement shall prevail, except insofar any other Transaction Document states that a provision or provisions of that Transaction
Document must prevail. 
  

	20.8	Severability 

 If at any time any term of this
Agreement is or becomes illegal, invalid or unenforceable in any respect under the law of any jurisdiction, that does not affect or impair the legality, validity or enforceability in that jurisdiction of any other provision of this Agreement or the
legality, validity or enforceability under the law of any other jurisdiction of that or any other provision of this Agreement. 
  

	20.9	Limitations on Indemnity Claims 

  

	 	(A)	Subject to Clause 20.9(B) no party shall not be liable in respect of any claim under any indemnity contained in this Agreement unless the amount of any claim to which the other
party would, but for this Clause 20.9(A), be entitled as a result of that claim is at least USD$100,000. 

  

	 	(B)	If more than one claim under any indemnity contained in this Agreement by a party arises from, or is caused by, the same or substantially the same matter, matters, circumstances or
circumstances and the aggregate amount of any damages to which that party would be entitled as a result of those claims is equal to or exceeds the sum specified in Clause 20.9(A), then Clause 20.9(A) shall not apply to any of those claims.

	 	(C)	No party shall be liable in respect of any claim under any indemnity contained in this Agreement unless the amount of all claims by a party exceeds USD$ 2.5 million in which
case the party making the claim shall be entitled to all amounts resulting from those claims (and not just the excess over that sum). 

  

	20.10	Rights of Third Parties 

  

	 	(A)	Except as provided in Clause 20.9(B), the parties to this Agreement do not intend that any term of this Agreement should be enforceable by any person who is not a party to this
Agreement. 

  

	 	(B)	Schedule 7 (Responsibility for Liabilities), Clauses 3.2(B) and 3.3(B) confer a benefit on the JVD Indemnified Parties and the JVS Indemnified Parties (each a “Third
Party”) and, subject to the remaining provisions of this clause, is intended to be enforceable by each Third Party. 

  

	 	(C)	Notwithstanding the provisions of Clause 20.9(B), this Agreement may be rescinded or varied in any way and at any time by the parties to this agreement without the consent of any
Third Party. 

  

	
	Executed as a an agreement by
	TELEFONAKTIEBOLAGET L.M. ERICSSON (publ)
	acting by its duly authorised representatives
	
	  

	
	Executed as a an agreement by
	STMICROELECTRONICS N.V.
	acting by its duly authorised representatives
	
	  

 TELEFONAKTIEBOLAGET L.M. ERICSSON 
 and 
 STMICROELECTRONICS N.V. 
  
  
 FRAMEWORK AGREEMENT 
 relating to the establishment of a joint venture 

 
  
 Slaughter and May 
 One Bunhill Row 
 London, EC1Y 8YY 
 (JCXT/MJMC/RAWS) 

TP082320055 

 TABLE OF CONTENTS 
  

					
	CLAUSE	  	PAGE
	1.	  	INTERPRETATION AND PRELIMINARY	  	2
			
	2.	  	INCORPORATION OF THE JV COMPANIES	  	16
			
	3.	  	CONDITIONS PRECEDENT	  	16
			
	4.	  	CHANGE IN CONTROL	  	18
			
	5.	  	TERM SHEETS	  	19
			
	6.	  	INTERIM PERIOD	  	19
			
	7.	  	BUSINESS TRANSFERS	  	22
			
	8.	  	EMPLOYEES	  	28
			
	9.	  	ADJUSTMENT OF PENSION LIABILITY	  	31
			
	10.	  	COMPLETION	  	32
			
	11.	  	DELAYED COMPLETION	  	34
			
	12.	  	WARRANTIES	  	34
			
	13.	  	ANNOUNCEMENTS	  	40
			
	14.	  	CONFIDENTIALITY	  	41
			
	15.	  	COSTS AND EXPENSES	  	42
			
	16.	  	FURTHER ASSURANCE AND WRONG POCKETING	  	42
			
	17.	  	GOVERNING LAW	  	43
			
	18.	  	NOTICES	  	43
			
	19.	  	ARBITRATION	  	44
			
	20.	  	MISCELLANEOUS	  	44

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