Document:

EX-10.2

 Exhibit 10.2 
  

			
	 

	  	Continuing Security Agreement

 Name of Debtor: Syntel, Inc. 
 State Organization No.: 
 Debtor’s Address: 525 East Big Beaver Road, Troy, MI 48083

 Name of Debtor: Syntel Consulting Inc. 
 State Organization No.: 
 Debtor’s Address: 525 East Big Beaver Road, Troy, MI 48083

 Name of Debtor: SkillBay LLC 
 State Organization No.: 
 Debtor’s Address: 525 East Big Beaver Road, Troy, MI
48083 
 Grant of Security Interest. Syntel, Inc., a Michigan corporation, Syntel Consulting Inc., a Michigan corporation, and
SkillBay LLC, a Michigan limited liability company (whether one or more, the “Debtor”, individually and collectively if more than one) grant(s) to JPMorgan Chase Bank, N.A., whose address is 28660 Northwestern Hwy, Southfield, MI 48034
(together with its successors and assigns the “Bank”), a continuing security interest in, pledge(s) and assign(s) to the Bank all of the “Collateral” (as hereinafter defined) owned by the Debtor, all of the collateral in which
the Debtor has rights or power to transfer rights and all Collateral in which Debtor later acquires ownership, other rights or rights or power to transfer rights to secure the payment and performance of the Liabilities. 

Borrower. “Borrower” means Syntel, Inc., a Michigan corporation. 
 Liabilities. “Liabilities” means all obligations, indebtedness and liabilities of the Borrower whether individual, joint and several, absolute or contingent, direct or indirect,
liquidated or unliquidated, now or hereafter existing in favor of the Bank, including without limitation, all liabilities, all interest, costs and fees arising under or from any note, open account, overdraft, letter of credit application,
endorsement, surety agreement, guaranty, credit card, lease, Rate Management Transaction, acceptance, foreign exchange contract or depository service contract, whether payable to the Bank or to a third party and subsequently acquired by the Bank,
any monetary obligations (including interest) incurred or accrued during the pendency of any bankruptcy, insolvency, receivership or other similar proceedings, regardless of whether allowed or allowable in such proceeding, and all renewals,
extensions, modifications, consolidations, rearrangements, restatements, replacements or substitutions of any of the foregoing. “Rate Management Transaction” means any transaction (including an agreement with respect thereto) that is a
rate swap, basis swap, forward rate transaction, commodity swap, commodity option, equity or equity index swap, equity or equity index option, bond option, interest rate option, foreign exchange transaction, cap transaction, floor transaction,
collar transaction, forward transaction, currency swap transaction, cross-currency rate swap transaction, currency option, derivative transaction or any other similar transaction (including any option with respect to any of these transactions) or
any combination thereof, whether linked to one or more interest rates, foreign currencies, commodity prices, equity prices or other financial measures. The Debtor and the Bank specifically contemplate that Liabilities include indebtedness hereafter
incurred by the Borrower to the Bank. 
 Collateral. Accounts; Chattel Paper; Deposit Accounts and other payment obligations of a
financial institution (including the Bank); Documents; Commercial Tort Claims; Equipment; General Intangibles; Instruments; Inventory; Investment Property; Letter of Credit Rights; and Farm Products. 

Description of Collateral. As used in this agreement, the term “Collateral” means all of the Debtor’s property whether owned
individually or jointly with others of the types indicated above and defined below, whether now owned or hereafter acquired, whether now existing or hereafter arising, and wherever located, including but not limited to any items listed on any
schedule or list attached hereto. In addition, the term “Collateral” includes all “proceeds,” “products” and “supporting obligations” (as such terms are defined in the “UCC”, meaning the Uniform
Commercial Code of Michigan, as in effect from time to time) of the Collateral indicated above, including but not limited to all stock rights, subscription rights, dividends, stock dividends, stock splits, or liquidating dividends, and all cash,
accounts, chattel paper, “instruments,” “investment property,” “financial assets,” and “general intangibles” (as such terms are defined in the UCC) arising from the sale, rent, lease, casualty loss or other
disposition of the Collateral, and any Collateral returned to, repossessed by or stopped in transit by the Debtor, and all 

 
insurance claims relating to any of the Collateral (defined above). The term “Collateral” further includes all of the Debtor’s right, title and interest in and to all books,
records and data relating to the Collateral identified above, regardless of the form of media containing such information or data, and all software necessary or desirable to use any of the Collateral identified above or to access, retrieve, or
process any of such information or data. Where the Collateral is in the possession of the Bank or the Bank’s agent, the Debtor agrees to deliver to the Bank any property that represents an increase in the Collateral or profits or proceeds of
the Collateral. Notwithstanding the foregoing, Collateral shall not include the stock of any Foreign Subsidiary or the assets owned directly by any Foreign Subsidiary. As used herein, “Foreign Subsidiary” means any subsidiary of the
Borrower that is incorporated or organized under the laws of any jurisdiction other than the United States of America, any State or other political subdivision thereof, or the District of Columbia. 

 

	1.	“Accounts” means all of the Debtor’s “accounts” as defined in Article 9 of the UCC. 

 

	2.	“Commercial Tort Claims” means all of the Debtor’s “Commercial Tort Claims” as defined in Article 9 of the UCC. 

 

	3.	“Chattel Paper” means all of the Debtor’s “chattel paper” as defined in Article 9 of the UCC. 

 

	4.	“Deposit Accounts” means all of the Debtor’s “deposit accounts” as defined in Article 9 of the UCC and other payment obligations of a financial
institution (including the Bank) to the Debtor. 

  

	5.	“Documents” means all of the Debtor’s “documents” as defined in Article 9 of the UCC. 

 

	6.	“Equipment” means all of the Debtor’s “equipment” as defined in Article 9 of the UCC. In addition, “Equipment” includes any
“documents” (as defined in Article 9 of the UCC) issued with respect to any of the Debtor’s “equipment” (as defined in Article 9 of the UCC) and certificates of title relating to the foregoing. Without limiting the security
interest granted, the Debtor represents and warrants that the Debtor’s Equipment is presently located at the address set forth in this agreement or in a separate Collateral Location Schedule delivered to the Bank. 

 

	7.	“Farm Products” means all of the Debtor’s “farm products” as defined in Article 9 of the UCC. 

 

	8.	“General Intangibles” means all of the Debtor’s “general intangibles”, as defined in Article 9 of the UCC. In addition, “General
Intangibles” further includes any right to a refund of taxes paid at any time to any governmental entity. 

  

	9.	“Instruments” means all of the Debtor’s “instruments” as defined in Article 9 of the UCC. 

 

	10.	“Inventory” means all of the Debtor’s “inventory” as defined in Article 9 of the UCC. In addition, “Inventory” includes any
“documents” and certificates of title issued with respect to any of the Debtor’s “inventory” (as defined in Article 9 of the UCC). Without limiting the security interest granted, the Debtor represents and warrants that the
Debtor’s Inventory is presently located at the address set forth in this agreement or in a separate Collateral Location Schedule delivered to the Bank. 

 

	11.	“Investment Property” means all of the Debtor’s “investment property” as defined in Article 9 of the UCC and all of the Debtor’s
“financial assets,” as defined in Article 8 of the UCC. 

  

	12.	“Letter of Credit Rights” means all of the Debtor’s “letter of credit rights” as defined in Article 9 of the UCC. 

Collateral Location Schedule. “Collateral Location Schedule” means a schedule in the form attached to this agreement. The Debtor agrees
to complete, execute and deliver a Collateral Location Schedule to the Bank with respect to any Collateral for which the Debtor has identified a location in this agreement: (i) concurrently with the execution of this agreement, if the initial
location of the Collateral is other than the address of the Debtor set forth above; and (ii) within ten (10) days prior to the relocation of any Collateral to any place other than the address of the Debtor set forth above or the location
identified in any previously submitted Collateral Location Schedule. 
 Representations, Warranties and Covenants. The Debtor represents
and warrants to, and covenants and agrees with the Bank that each of the following is true and will remain true until termination of this agreement and full and final payment of all Liabilities: 

 

	1.	Its principal residence or chief executive office is at the address shown above; 

 

	2.	The Debtor’s name as it appears in this agreement is its exact name as it appears in the Debtor’s organizational documents, as amended, including any trust
documents; 

  

	3.	It is or will become the owner of the Collateral free from any liens, encumbrances or security interests, except for this security interest and existing liens disclosed
to and accepted by the Bank in writing, and it will defend the Collateral against all claims and demands of all persons at any time claiming any interest in the Collateral; 

  
 2 

	4.	It will keep the Collateral free of liens, encumbrances and other security interests, except for this security interest, maintain the Collateral in good repair, not use
it illegally and exhibit the Collateral to the Bank on demand; 

  

	5.	At its own expense, the Debtor will maintain comprehensive casualty insurance on the Collateral against such risks, in such amounts, with such deductibles and with such
companies as may be satisfactory to the Bank. Each insurance policy shall contain a lender’s loss payable endorsement in form and substance satisfactory to the Bank and a prohibition against cancellation or amendment of the policy or removal of
the Bank as loss payee without at least thirty (30) days’ prior written notice to the Bank. In all events, the amounts of such insurance coverages shall conform to prudent business practices and shall be in such minimum amounts that the
Debtor will not be deemed a co-insurer. The policies and certificates evidencing them, shall, if the Bank so requests, be deposited with the Bank. The Debtor authorizes the Bank to endorse on the Debtor’s behalf and to negotiate drafts
reflecting proceeds of insurance of the Collateral, provided that the Bank shall remit to the Debtor such surplus, if any, as remains after the proceeds have been applied, at the Bank’s option, to the satisfaction of all of the Liabilities (in
such order of application as the Bank may elect) or to the establishment of a cash collateral account for the Liabilities; 

  

	6.	It will not sell, lease, license or offer to sell, lease, license or otherwise transfer the Collateral or any rights in or to the Collateral, without the written
consent of the Bank, except in the ordinary course of business; 

  

	7.	It will not change the location of the Collateral from the locations of the Collateral described in this agreement and any separate Collateral Location Schedule
provided to the Bank, without providing at least ten (10) days’ prior written notice to the Bank by means of submitting a Collateral Location Schedule; 

 

	8.	It will pay promptly when due all taxes and assessments upon the Collateral, or for the use or operation of the Collateral; 

 

	9.	No financing statement covering all or any part of the Collateral or any proceeds is on file in any public office, unless the Bank has approved that filing. From time
to time at the Bank’s request, the Debtor will execute one or more financing statements or similar record and a control agreement with respect to the proceeds in form satisfactory to the Bank and will pay the cost of filing them in all public
offices where filing is deemed by the Bank to be necessary or desirable. In addition, the Debtor shall execute and deliver, or cause to be executed and delivered, such other documents as the Bank may from time to time request to perfect or to
further evidence the security interest created in the Collateral by this agreement including, without limitation: (a) any certificate or certificates of title to the Collateral with the security interest of the Bank noted thereon or executed
applications for such certificates of title in form satisfactory to the Bank; (b) any assignments of claims under government contracts which are included as part of the Collateral, together with any notices and related documents as the Bank may
from time to time request; (c) any assignment of any specific account receivable as the Bank may from time to time request; (d) a notice of and acknowledgment of the Bank’s security interest and a control agreement with respect to any
Collateral, all in form and substance satisfactory to the Bank; (e) a notice to and acknowledgment from any person holding or in possession of any Collateral that such persons holds the Collateral as a bailee for the Bank’s benefit, all in
form and substance satisfactory to the Bank; and (f) any consent to the assignment of proceeds of any letter of credit, all in form and substance satisfactory to the Bank; 

 

	10.	It will not, without the Bank’s prior written consent, change the Debtor’s name, the Debtor’s business organization, the jurisdiction under which the
Debtor’s business organization is formed or organized, or the Debtor’s chief executive office, or of any additional places of the Debtor’s business; 

 

	11.	It will provide any information that the Bank may reasonably request and will permit the Bank or the Bank’s agents to inspect and copy its books, records, data and
the Collateral at any time during normal business hours; 

  

	12.	The Bank shall have the right now, and at any time in the future in its sole and absolute discretion, without notice to the Debtor, to (a) prepare, file and sign
the Debtor’s name on any proof of claim in bankruptcy or similar document against any owner of the Collateral and (b) prepare, file and sign the Debtor’s name on any financing statement, notice of lien, assignment or satisfaction of
lien or similar document in connection with the Collateral. The Debtor hereby authorizes the Bank to file financing statements covering Collateral or such lesser amount of assets as the Bank may determine, or the Bank may, at its option, file
financing statements or similar records containing any collateral description which reasonably describes the Collateral in which a security interest is granted under this agreement; 

 

	13.	Immediately upon the Debtor’s receipt of any Collateral evidenced by an agreement, “instrument,” “chattel paper,” certificated
“security” or “document” (as such terms are defined in the UCC) (collectively, “Special Collateral”), the Debtor shall mark the Special Collateral to show that it is subject to the Bank’s security interest and
shall deliver the original to the Bank together with appropriate endorsements and other specific evidence of assignment or transfer in form and substance satisfactory to the Bank; 

 

	14.	The Debtor shall keep all tangible Collateral in good order and repair and shall not waste or destroy any of the Collateral, nor use any of the Collateral in violation
of any applicable law or any policy of insurance thereon. To the extent that the Collateral consists of “farm products” (as defined in the UCC), the Debtor shall attend to and care for the crops and livestock in accordance with the best
practices of good husbandry, and do, or cause to be done, any and all acts that may at any time be appropriate or necessary to grow, raise, harvest, care for, preserve and protect the farm products; 

 

	15.	Except as may be otherwise disclosed in writing by the Debtor to the Bank, none of the Collateral is attached to real estate so as to constitute a “fixture”
(as defined in the UCC) and none of the Collateral shall at any time hereafter be attached to real estate so as to constitute a fixture. If any of the Collateral is now or at any time hereafter becomes so attached to real estate so as to constitute
a fixture, the Debtor shall, at any time upon the Bank’s request, furnish the Bank with a disclaimer of interest in the Collateral executed by each person or entity having an interest in such real estate. 

  
 3 

	16.	Debtor has no Commercial Tort Claims, and Debtor agrees to promptly notify Bank if it has any Commercial Tort Claim at any time and promptly deliver to the Bank all
information, documents and agreements requested by the Bank to further evidence and perfect the Bank’s security interest in all such Commercial Tort Claims. 

 Accounts; Chattel Paper; General Intangibles and Instruments. If the Collateral includes the Debtor’s “Accounts, Chattel Paper, General Intangibles and Instruments” and until the
Bank gives notice to the Debtor to the contrary, the Debtor will, in the usual course of its business and at its own expense, on the Bank’s behalf but not as the Bank’s agent, demand and receive and use its best efforts to collect all
moneys due or to become due with respect to the Collateral. Until the Bank gives notice to the Debtor to the contrary or until the Debtor is in default, it may use the funds collected in its business. Upon notice from the Bank or upon default, the
Debtor agrees that all sums of money it receives on account of or in payment or settlement of the Accounts, Chattel Paper, General Intangibles and Instruments shall be held by it as trustee for the Bank without commingling with any of the
Debtor’s other funds, and shall immediately be delivered to the Bank with endorsement to the Bank’s order of any check or similar instrument. It is agreed that, at any time the Bank so elects, the Bank shall be entitled, in its own name or
in the name of the Debtor or otherwise, but at the expense and cost of the Debtor, to collect, demand, receive, sue for or compromise any and all Accounts, Chattel Paper, General Intangibles, and Instruments, and to give good and sufficient
releases, to endorse any checks, drafts or other orders for the payment of money payable to the Debtor and, in the Bank’s discretion, to file any claims or take any action or proceeding which the Bank may deem necessary or advisable. It is
expressly understood and agreed, however, that the Bank shall not be required or obligated in any manner to make any demand or to make any inquiry as to the nature or sufficiency of any payment received by it or to present or file any claim or take
any other action to collect or enforce the payment of any amounts which may have been assigned to the Bank or to which the Bank may be entitled at any time or times. All notices required in this paragraph will be immediately effective when sent.
Such notices need not be given prior to the Bank’s taking action. The Debtor appoints the Bank or the Bank’s designee as the Debtor’s attorney-in-fact to do all things with reference to the Collateral as provided for in this section
including without limitation (1) to notify the post office authorities to change the Debtor’s mailing address to one designated by the Bank, (2) to receive, open and dispose of mail addressed to the Debtor, (3) to sign the
Debtor’s name on any invoice or bill of lading relating to any Collateral, on assignments and verifications of account and on notices to the Debtor’s customers, and (4) to do all things necessary to carry out this agreement or to
perform any of the obligations of the Debtor under this agreement. The Debtor ratifies and approves all acts of the Bank as attorney-in-fact. The Bank shall not be liable for any act or omission, nor any error of judgment or mistake of fact or law,
but only for its gross negligence or willful misconduct. This power being coupled with an interest is irrevocable until all of the Liabilities have been fully satisfied and shall survive the death or disability of the Debtor. 

Farm Products. If the Collateral includes the Debtor’s “Farm Products”, the Debtor agrees as follows: (1) the Debtor will not
sell or otherwise dispose of, or enter into any agreement concerning the sale or other disposition of, any Farm Products except as specifically authorized below in this section; (2) the Debtor will furnish the Bank, immediately upon the
execution of this agreement, immediately upon request made by the Bank hereafter, and at least fourteen (14) days prior to any anticipated sale of Farm Products, in writing signed by the Debtor, a list of potential buyers, commission merchants
and selling agents of the Debtor’s Farm Products, in form and substance satisfactory to the Bank; (3) the Debtor will, whether or not requested by the Bank, immediately notify the Bank, in writing signed by the Debtor, of any changes which
would render the list described in subsection (2) of this section incorrect, incomplete or inaccurate, and shall supply the Bank with such information as may be necessary to correct, complete or clarify such list and any information provided in
connection therewith; (4) the Debtor will promptly furnish the Bank such information and such completed and executed forms and/or documents (including, but not limited to, effective financing statements or notices of lien under 7 U.S.C.
§1631) as may be requested by the Bank and as the Bank may deem appropriate to protect the Bank’s security interest and to provide notice of such interest to potential buyers, commission merchants and selling agents of the Debtor’s
Farm Products in accordance with 7 U.S.C. §1631, including any revision or replacement of such statute hereafter enacted; (5) the Bank is hereby authorized at any time and from time to time to (a) provide a notice of lien under 7
U.S.C. §1631, in form and substance satisfactory to the Bank, and to provide a copy of this agreement, to any buyer, potential buyer, commission merchant or selling agent of any of the Debtor’s Farm Products, whether or not they are on the
above-described list, and (b) to file any effective financing statements or notices of lien under 7 U.S.C. §1631 against the Debtor, as debtor, and in favor of the Bank, as secured party, and describing the Collateral or any part thereof,
in any public filing offices as the Bank may desire; (6) the Debtor will not sell or otherwise dispose of, or enter into any agreement concerning the sale or other disposition of, any Farm Products to any person or entity which is not on the
above-described list of potential buyers, commission merchants and selling agents furnished by the Debtor to the Bank; (7) in addition to the penalties imposed by federal law, it shall be a default under this agreement and under the terms of
all other agreements related to any of the Liabilities for the Debtor to sell or otherwise dispose of, or enter into any agreement concerning the sale or other disposition of, any Farm Products which are subject to this agreement with any buyer,
commission merchant or selling agent not on the list furnished by the Debtor to the Bank pursuant to the terms of this section and who has not received notice of the Bank’s security interest in those Farm Products as provided in 7 U.S.C.
§1631; (8) the Bank may, at any time and from time to time, require any check, draft or other remittance issued as full or partial payment for the sale of Farm Products to be made payable to the Bank, or to both the Debtor and the Bank, at
the option of the Bank; and (9) the Bank may, at any time and 

  
 4 

 
from time to time, require the Debtor to apply the proceeds of sale or other disposition of any Farm Products to the payment of all or part of the Liabilities as the Bank may require, provided
that the foregoing shall not be construed as authorization to sell or otherwise dispose of Farm Products except as specifically authorized in this section. THE DEBTOR UNDERSTANDS THAT 7 U.S.C. §1631 IMPOSES ON THE DEBTOR A PENALTY OF THE
GREATER OF $5,000.00 OR 15% OF THE VALUE OR BENEFIT RECEIVED BY THE DEBTOR FOR EACH FARM PRODUCT THAT IS SUBJECT TO THE SECURITY AGREEMENT BETWEEN THE DEBTOR AND THE BANK AND IS SOLD TO OR DEALT WITH BY A BUYER, COMMISSION MERCHANT OR SELLING AGENT
NOT ON THE LIST OF SUCH PERSONS FURNISHED BY THE DEBTOR TO THE BANK, UNLESS THE DEBTOR (i) NOTIFIES THE BANK IN WRITING OF THE IDENTITY OF THE BUYER, COMMISSION MERCHANT OR SELLING AGENT AT LEAST SEVEN (7) DAYS PRIOR TO THE SALE OF THE
FARM PRODUCTS, OR (ii) ACCOUNTS TO THE BANK FOR THE PROCEEDS OF SALE OF THE FARM PRODUCTS NOT LATER THAN TEN (10) DAYS AFTER THE SALE. 
 Pledge. If the Debtor is not liable for all or any part of the Liabilities, then the Debtor agrees that: 
  

	1.	If any moneys become available from any source other than the Collateral that the Bank can apply to the Liabilities, the Bank may apply them in any manner it chooses,
including but not limited to applying them against obligations, indebtedness or liabilities which are not secured by this agreement. 

  

	2.	The Bank may take any action against the Borrower, the Collateral or any other collateral for the Liabilities, or any other person or entity liable for any of the
Liabilities. 

  

	3.	The Bank may release the Borrower or anyone else from the Liabilities, either in whole or in part, or release the Collateral in whole or in part or any other collateral
for the Liabilities, and need not perfect a security interest in the Collateral or any other collateral for the Liabilities. 

  

	4.	The Bank does not have to exercise any rights that it has against the Borrower or anyone else, or make any effort to realize on the Collateral or any other collateral
for the Liabilities, or exercise any right of setoff. 

  

	5.	Without notice or demand and without affecting the Debtor’s obligations hereunder, from time to time, the Bank is authorized to: (a) renew, modify,
compromise, rearrange, restate, consolidate, extend, accelerate or otherwise change the time for payment of, or otherwise change the terms of the Liabilities or any part thereof, including increasing or decreasing the rate of interest thereon;
(b) release, substitute or add any one or more sureties, endorsers, or guarantors; (c) take and hold other collateral for the payment of the Liabilities, and enforce, exchange, substitute, subordinate, impair, waive or release any such
collateral; (d) proceed against the Collateral or any other collateral for the Liabilities and direct the order or manner of sale as the Bank in its discretion may determine; and (e) apply any and all payments received by the Bank in
connection with the Liabilities, or recoveries from the Collateral or any other collateral for the Liabilities, in such order or manner as the Bank in its discretion may determine. 

 

	6.	The Debtor’s obligations hereunder shall not be released, diminished or affected by (a) any act or omission of the Bank, (b) the voluntary or involuntary
liquidation, sale or other disposition of all or substantially all of the assets of the Borrower, or any receivership, insolvency, bankruptcy, reorganization, or other similar proceedings affecting the Borrower or any of its assets or any other
obligor on the Liabilities or that obligor’s assets, (c) any change in the composition or structure of the Borrower or any other obligor on the Liabilities, including a merger or consolidation with any other person or entity, or
(d) any payments made upon the Liabilities. 

  

	7.	The Debtor expressly consents to any impairment of any other collateral for the Liabilities, including, but not limited to, failure to perfect a security interest and
release of any other collateral for the Liabilities and any such impairment or release shall not affect the Debtor’s obligations hereunder. 

  

	8.	The Debtor waives and agrees not to enforce any rights of subrogation, contribution or indemnification that it may have against the Borrower, any person or entity
liable on the Liabilities, or the Collateral, until the Borrower and the Debtor have fully performed all their obligations to the Bank, even if those obligations are not covered by this agreement. 

 

	9.	The Debtor waives (a) to the extent not prohibited by applicable law, all rights and benefits under any laws or statutes regarding sureties, as may be amended,
(b) any right the Debtor may have to receive notice of the following matters before the Bank enforces any of its rights: (i) the Bank’s acceptance of this agreement, (ii) incurrence or acquisition of any Liabilities, any credit
that the Bank extends to the Borrower, (iii) the Borrower’s default, (iv) any demand, diligence, presentment, dishonor and protest, or (v) any action that the Bank takes regarding the Borrower, anyone else, any other collateral
for the Liabilities, or any of the Liabilities, which it might be entitled to by law or under any other agreement, (c) any right it may have to require the Bank to proceed against the Borrower, any guarantor or other obligor on the Liabilities,
the Collateral or any other collateral for the Liabilities, or pursue any remedy in the Bank’s power to pursue, (d) any defense based on any claim that the Debtor’s obligations exceed or are more burdensome than those of the Borrower,
(e) the benefit of any statute of limitations affecting the Debtor’s obligations hereunder or the enforcement hereof, (f) any defense arising by reason of any disability or other defense of the Borrower or by reason of the cessation
from any cause whatsoever (other than payment in full) of the obligation of the Borrower for the Liabilities, and (g) any defense based on or arising out of any defense that the Borrower may have to the payment or performance of the Liabilities
or any portion thereof. The Bank may waive or delay enforcing any of its rights without losing them. Any waiver affects only the specific terms and time period stated in the waiver. 

  
 5 

	10.	The Debtor agrees that to the extent any payment or transfer is received by the Bank in connection with the Liabilities, and all or any part of such payment or transfer
is subsequently invalidated, declared to be fraudulent or preferential, set aside or required to be transferred or repaid by the Bank or paid over to a trustee, receiver or any other person or entity, whether under any bankruptcy act or otherwise
(any of those payments or transfers is hereinafter referred to as a “Preferential Payment”), then this agreement shall continue to be effective or shall be reinstated, as the case may be, even if all Liabilities have been paid in full, and
whether or not the Bank is in possession of this agreement or whether agreement has been marked paid, cancelled, released or returned to the Debtor, and, to the extent of the payment or repayment or other transfer by the Bank, the Liabilities or
part intended to be satisfied by the Preferential Payment shall be revived and continued in full force and effect as if the Preferential Payment had not been made. If this agreement must be reinstated, the Debtor agrees to execute and deliver to the
Bank any new security agreements and financing statements, if necessary or if requested by the Bank, in form and substance acceptable to the Bank, covering the Collateral. 

 

	11.	The Debtor agrees to fully cooperate with the Bank and not to delay, impede or otherwise interfere with the efforts of the Bank to secure payment from the assets which
secure the Liabilities including actions, proceedings, motions, orders, agreements or other matters relating to relief from automatic stay, abandonment of property, use of cash collateral and sale of the Bank’s collateral free and clear of all
liens. 

  

	12.	The Debtor has (a) without reliance on the Bank or any information received from the Debtor and based upon the records and information the Debtor deems
appropriate, made an independent investigation of the Borrower, the Borrower’s business, assets, operations, prospects and condition, financial or otherwise, and any circumstances that may bear upon those transactions, the Borrower or the
obligations, liabilities and risks undertaken pursuant to this agreement; (b) adequate means to obtain from the Borrower on a continuing basis information concerning the Borrower and the Bank has no duty to provide any information concerning
the Borrower or other obligor on the Liabilities to the Debtor; (c) full and complete access to the Borrower and any and all records relating to any Liabilities now or in the future owing by the Borrower; (d) not relied and will not rely
upon any representations or warranties of the Debtor not embodied in this agreement or any acts taken by the Debtor prior to or after the execution or other authentication and delivery of this agreement (including but not limited to any review by
the Debtor of the business, assets, operations, prospects and condition, financial or otherwise, of the Borrower); and (e) determined that the Debtor will receive benefit, directly or indirectly, and has or will receive fair and reasonably
equivalent value, for the execution and delivery of this agreement and the rights provided to Bank. By entering into this agreement, the Debtor does not intend: (i) to incur or believe that the Debtor will incur debts that would be beyond the
Debtor’s ability to pay as those debts mature; or (ii) to hinder, delay or defraud any creditor of the Debtor. The Debtor is neither engaged in nor about to engage in any business or transaction for which the remaining assets of the Debtor
are unreasonably small in relation to the business or transaction, and any property remaining with the Debtor after the execution or other authentication of this agreement is not unreasonably small capital. 

Default; Remedies. If any of the Liabilities are not paid at maturity, whether by acceleration or otherwise, or if a default by anyone occurs
under the terms of any agreement related to any of the Liabilities, then the Bank shall have the rights and remedies provided by law or this agreement, including but not limited to the right to require the Debtor to assemble the Collateral and make
it available to the Bank at a place to be designated by the Bank which is reasonably convenient to both parties, the right to take possession of the Collateral with or without demand and with or without process of law, and the right to sell and
dispose of it and distribute the proceeds according to law. Should a default occur, the Debtor will pay to the Bank all costs reasonably incurred by the Bank for the purpose of enforcing its rights hereunder, to the extent not prohibited by law,
including, without limitation: costs of foreclosure; costs of obtaining money damages; and a reasonable fee for the services of internal and outside attorneys employed or engaged by the Bank or its affiliates for any purpose related to this
agreement, including, without limitation, consultation, drafting documents, sending notices or instituting, prosecuting or defending litigation or any proceeding. The Debtor agrees that upon default the Bank may dispose of any of the Collateral in
its then present condition, that the Bank has no duty to repair or clean the Collateral prior to sale, and that the disposal of the Collateral in its present condition or without repair or clean-up shall not affect the commercial reasonableness of
such sale or disposition. The Bank’s compliance with any applicable state or federal law requirements in connection with the disposition of the Collateral will not adversely affect the commercial reasonableness of any sale of the Collateral.
The Bank may disclaim warranties of title, possession, quiet enjoyment, and the like, and the Debtor agrees that any such action shall not affect the commercial reasonableness of the sale. In connection with the right of the Bank to take possession
of the Collateral, the Bank may take possession of any other items of property in or on the Collateral at the time of taking possession, and hold them for the Debtor without liability on the part of the Bank. The Debtor expressly agrees that the
Bank may enter upon the premises where the Collateral is believed to be located without any obligation of payment to the Debtor, and that the Bank may, without cost, use any and all of the Debtor’s “equipment” (as defined in the UCC)
in the manufacturing or processing of any “inventory” (as defined in the UCC) or in growing, raising, cultivating, caring for, harvesting, loading and transporting of any of the Collateral that constitutes “farm products” (as
defined in the UCC). If there is any statutory requirement for notice, that requirement shall be met if the Bank sends notice to the Debtor at least ten (10) days prior to the date of sale, disposition or other event giving rise to the required
notice, and such notice shall be deemed commercially reasonable. The Debtor is liable for any deficiency remaining after disposition of the Collateral. 

  
 6 

 Miscellaneous. 
  

	1.	Where the Collateral is located at, used in or attached to a facility leased by the Debtor, the Debtor will obtain from the lessor a consent to the granting of this
security interest and a release or subordination of the lessor’s interest in any of the Collateral, in form and substance satisfactory to the Bank. 

  

	2.	At its option the Bank may, but shall be under no duty or obligation to, discharge taxes, liens, security interests or other encumbrances at any time levied or placed
on the Collateral, pay for insurance on the Collateral, and pay for the maintenance and preservation of the Collateral, and the Debtor agrees to reimburse the Bank on demand for any payment made or expense incurred by the Bank, with interest at the
highest rate at which interest may accrue under any of the instruments or documents evidencing the Liabilities. 

  

	3.	No delay on the part of the Bank in the exercise of any right or remedy waives that right or remedy, no single or partial exercise by the Bank of any right or remedy
precludes any other exercise of it or the exercise of any other right or remedy, and no waiver or indulgence by the Bank of any default is effective unless it is in writing and signed by the Bank, nor does a waiver on one occasion waive that right
on any future occasion. 

  

	4.	If any provision of this agreement is invalid, it shall be ineffective only to the extent of its invalidity, and the remaining provisions shall be valid and effective.

  

	5.	Except as provided in the Accounts; Chattel Paper; General Intangibles; and Instruments paragraph above, any notices and demands under or related to this document shall
be in writing and delivered to the intended party at its address stated herein, and if to the Bank, at its main office if no other address of the Bank is specified herein, by one of the following means: (a) by hand, (b) by a nationally
recognized overnight courier service, or (c) by certified mail, postage prepaid, with return receipt requested. Notice shall be deemed given: (a) upon receipt if delivered by hand, (b) on the Delivery Day after the day of deposit with
a nationally recognized courier service, or (c) on the third Delivery Day after the notice is deposited in the mail. “Delivery Day” means a day other than a Saturday, a Sunday, or any other day on which national banking associations
are authorized to be closed. Any party may change its address for purposes of the receipt of notices and demands by giving notice of such change in the manner provided in this provision. 

 

	6.	All rights of the Bank benefit the Bank’s successors and assigns; and all obligations of the Debtor bind the Debtor’s heirs, executors, administrators,
successors and assigns. If more than one person or entity signs as the Debtor, their obligations are joint and several and each agreement, representation, warranty and covenant shall be individual, joint and several and the “Collateral”
includes any property that is owned by any Debtor individually or jointly with any other. 

  

	7.	A carbon, photographic or other reproduction of this agreement is sufficient as, and can be filed as, a financing statement. The Bank is irrevocably appointed the
Debtor’s attorney-in-fact to execute any financing statement on the Debtor’s behalf covering the Collateral. The Debtor authorizes the Bank to file one or more financing statements or similar records related to the security interests
created by this agreement, and further authorizes the Bank, as secured party herein, instead of the Debtor, to sign such financing statements and other similar records. 

 Security Agreement in Addition to Other Security Agreements. This Agreement is in addition to and not in substitution or replacement of any other security agreement executed by the Debtor in favor
of the Bank, and the Bank’s rights under this Agreement and any such other security agreement are cumulative. 
 Indemnification.
The Debtor agrees to indemnify, defend and hold the Bank, its parent companies, subsidiaries, affiliates, their respective successors and assigns and each of their respective shareholders, directors, officers, employees and agents (collectively
the “Indemnified Persons”) harmless from and against any and all loss, liability, obligation, damage, penalty, judgment, claim, deficiency, expense, interest, penalties, attorneys’ fees (including the fees and expenses of attorneys
engaged by the Indemnified Person at the Indemnified Person’s reasonable discretion) and amounts paid in settlement (“Claims”) to which any Indemnified Person may become subject arising out of or relating to this agreement or the
Collateral, except to the limited extent that the Claims are proximately caused by the Indemnified Person’s gross negligence or willful misconduct. The indemnification provided for in this paragraph shall survive the termination of this
agreement and shall not be affected by the presence, absence or amount of or the payment or nonpayment of any claim under, any insurance. 

Governing Law and Venue. This agreement shall be governed by and construed in accordance with the laws of the State of Michigan (without giving
effect to its laws of conflicts), and to the extent applicable, federal law, except to the extent that the laws regarding the perfection and priority of security interests of the state(s) in which either the Debtor or any property securing the
Liabilities is located are applicable. The Debtor agrees that any legal action or proceeding with respect to any of its obligations under this agreement may be brought by the Bank in any state or federal court located in the State of Michigan, as
the Bank in its sole discretion may elect. By the execution and delivery of this agreement, the Debtor submits to and accepts, for itself and in respect of its property, generally and unconditionally, the non-exclusive jurisdiction of those courts.
The Debtor waives any claim that the State of Michigan is not a convenient forum or the proper venue for any such suit, action or proceeding. 

Additional Representations, Warranties and Covenants. The Debtor represents, warrants and covenants to the Bank that each of the following is true
and will remain true until termination of this agreement and payment in full of all Liabilities: (a) the execution and delivery of this agreement and the performance of the obligations it imposes do not violate any law, do not

  
 7 

 
conflict with any agreement by which it is bound, and do not require the consent or approval of any governmental authority or any third party; (b) this agreement is a valid and binding
agreement, enforceable according to its terms; and (c) all balance sheets, profit and loss statements, and other financial statements furnished to the Bank in connection with the Liabilities are accurate and fairly reflect the financial
condition of the organizations and persons to which they apply on their effective dates, including contingent liabilities of every type, which financial condition has not changed materially and adversely since those dates. The Debtor, other than a
natural person, further represents that: (a) it is duly organized, validly existing and in good standing under the laws of the state where it is organized and in good standing in each state where it is doing business; and (b) the execution
and delivery of this agreement and the performance of the obligations it imposes (i) are within its powers and have been duly authorized by all necessary action of its governing body; and (ii) do not contravene the terms of its articles of
incorporation or organization, its by-laws, or any agreement or document governing its affairs. 
 WAIVER OF SPECIAL DAMAGES. THE DEBTOR
WAIVES, TO THE MAXIMUM EXTENT NOT PROHIBITED BY LAW, ANY RIGHT THE UNDERSIGNED MAY HAVE TO CLAIM OR RECOVER FROM THE BANK IN ANY LEGAL ACTION OR PROCEEDING ANY SPECIAL, EXEMPLARY, PUNITIVE OR CONSEQUENTIAL DAMAGES. 

JURY WAIVER. THE DEBTOR AND THE BANK HEREBY VOLUNTARILY, KNOWINGLY, IRREVOCABLY AND UNCONDITIONALLY WAIVE ANY RIGHT TO HAVE A JURY PARTICIPATE IN
RESOLVING ANY DISPUTE (WHETHER BASED ON CONTRACT, TORT, OR OTHERWISE) BETWEEN OR AMONG THE DEBTOR AND THE BANK ARISING OUT OF OR IN ANY WAY RELATED TO THIS DOCUMENT. THIS PROVISION IS A MATERIAL INDUCEMENT TO THE BANK TO PROVIDE THE FINANCING
DESCRIBED HEREIN. 
  

					
	Debtor:	 	
		
	 Syntel, Inc.
	 	
		
	 By:
	 	 /s/ Daniel M. Moore

		 	Daniel M. Moore	 	Chief Administrative Officer
		 	Printed Name	 	Title

 
					
		
	 Date Signed:
	 	 12/7/12

			
	Debtor:	 		 	

 
					
	
	 Syntel Consulting Inc.

		
	 By:
	 	 Daniel M. Moore

		 	 Daniel M. Moore

		 	Printed Name	 	Title

 
					
		
	 Date Signed:
	 	 12/7/12

					
		
	Debtor:	 	
	
	 SkillBay LLC

		
	 By:
	 	 Daniel M. Moore

		 	Daniel M. Moore	 	Manager
		 	Printed Name	 	Title

 
					
		
	 Date Signed:
	 	 12/7/12

  
 8 

 

 

  
 9EX-10.2

 Exhibit 10.2 
 ARUBA DISTRIBUTOR AGREEMENT (STOCKING) 
 Contract Number:
CONTRACT_CONTRACTNUMBER 
 This Distributor Agreement (the “Agreement”) is effective as of the date signed by the last signatory
hereof (“Effective Date”) by and between Aruba Networks, Inc., a Delaware corporation having its principal place of business at 1344 Crossman Avenue, Sunnyvale, California 94089 U.S.A. (“Aruba”), and SYNNEX Corporation, a
Delaware corporation having its principal place of business at44201 Nobel Drive, Fremont, CA 94538, United States (“Distributor”) (each, a “Party”, collectively, the “Parties”). The Parties hereby agree as follows:

 1. DEFINITIONS 

“Aruba Authorized Partner” is a Value Added Reseller who has met the requirements of the Aruba Partner Program and signed a valid partner
Agreement with Aruba. 
 “Annual Purchase Target” means the amount, in U.S. Dollars, of Product which Distributor and Aruba mutually
agree and forecast annually that Distributor will purchase from Aruba each year. 
 “Aruba Support Services” means the services and
maintenance of Products offered by Aruba from time to time hereunder, as more particularly described on the Aruba Partner Web Site at https://partners.arubanetworks.com/ and in Exhibit A hereto. 

“Documentation” means the literature, including the End User License Agreement, provided by Aruba with the Products, whether in hard copy or
electronic form. 
 “End User” means a person or entity that purchases a product or products from Distributor or Resellers solely for
internal use rather than distribution or resale. 
 “End User License Agreement” means Aruba’s license agreement provided by
Aruba that must be assented to by the End User in order to use the Products. 
 “Hardware” means the physical hardware components of
the Product. 
 “Non-Standard Pricing” means any discount to the Distributor on the Price List beyond those specified in Exhibit A
hereto attached. 
 “Price List” means the then-current published list price referenced in Exhibit A hereto for the Territory for the
Product(s), 
 “Products” means the Aruba products set forth on the then-current Price List for the Territory (excluding Aruba’s
Wireless Mesh products), which may be amended by Aruba from time to time. A separate written authorization from Aruba is required before Partner will be permitted to include Aruba’s Wireless Mesh products within the definition of Products.

  

			
	ARUBA DISTRIBUTOR AGREEMENT	 	
	 REV061511 (STOCKING)
	 	ARUBA CONFIDENTIAL
	 Contract Number: SPA0811-00074954
	 	1

 “Purchase Order” shall mean the written, including facsimile, or electronic form of purchase order
pursuant to which Distributor shall request the purchase of Products. Aruba agrees that Distributor may for purposes of administrative convenience use Distributor’s standard form of purchase order, provided, however that any pre-printed or
written terms and conditions (other than the Product, Product quantity, requested ship date and shipping location) shall have no effect whatsoever. 
 “Reseller” means a person or entity that purchases a Product or Products from an authorized Distributor, primarily to resell to End Users, but also to providers of managed services based on
Aruba equipment and software. 
 “Software” means the software components of the Product. 

“Specifications” shall mean with respect to each Product, Aruba’s functional specifications contained in each Product’s published
Documentation, as such specifications may be modified by Aruba from time to time. 
 “Territory” shall mean the geographic area set
forth in Exhibit A. 
 2. TERM and TERMINATION 
 2.1 Term. Unless terminated earlier as provided herein, this Agreement shall be for an initial term of one (1) year from the Effective Date (“Initial Term”). The Agreement shall
automatically renew for successive one (1) year terms (each, a “Renewal Term”) unless a Party provides written notice that it elects to not renew this Agreement at least ninety (90) days prior to the end of the term then in
effect. 
 2.2 Termination for Cause. Either Party may terminate this Agreement for cause if the other Party materially breaches this
Agreement and fails to cure such breach within thirty (30) days of written notice of such breach from the other party. Either Party may immediately terminate this Agreement for cause, and Aruba may immediately suspend all shipments to
Distributor if (a) the other Party becomes the subject of a voluntary petition in bankruptcy or any voluntary proceeding relating to insolvency, receivership, liquidation, or composition for the benefit of creditors; or (b) the other Party
becomes the subject of an involuntary petition in bankruptcy or any involuntary proceeding relating to insolvency, receivership, liquidation, or composition for the benefit of creditors, if such petition or proceeding is not dismissed within sixty
(60) days of filing; or (c) the happening in relation to that Party of an event analogous to any of the above in any jurisdiction in which it is incorporated or resident or in which it carries on business or has assets. Aruba may terminate
this Agreement immediately (a) if Distributor is acquired by or merges with a third party or there is a change in control of Distributor, or (b) upon failure to cure, within ten (10) days of written notice, of any failure by
Distributor to pay any amount when due hereunder. 
 2.3 Termination for Convenience. Either party may terminate this Agreement at any
time without cause upon sixty (60) days written notice. 

  

			
	ARUBA DISTRIBUTOR AGREEMENT	 	
	 REV061511 (STOCKING)
	 	ARUBA CONFIDENTIAL
	 Contract Number: SPA0811-00074954
	 	2

 2.4 Effect of Termination or Expiration. Upon termination or expiration of this Agreement:
(a) all licenses and rights granted to the parties shall immediately terminate; (b) Distributor may no longer represent itself as an Aruba Distributor or reseller; and (c) each party shall immediately return to the other party all of
such other party’s Confidential Information (as defined below) and shall cease to use all such Confidential Information for any purpose, including but not limited to Distributor providing service or support to Resellers and (d) Distributor
shall immediately provide Aruba with a list of all Resellers with whom Distributor is under contract to provide support services related to the Aruba Products, provided, however, that the foregoing shall not apply if the support services are limited
to ArubaCare offerings. The parties agree that Aruba shall have the right to contact said Resellers to advise them that the Agreement has terminated or expired and to offer to provide them with service or support either directly or through another
Distributor. Neither party shall incur any liability whatsoever to the other party for any damage, loss or expense of any kind suffered or incurred by such other party arising from or incident to any termination or expiration of this Agreement which
complies with the terms of this Agreement.
 2.5 Return of Inventory. Upon termination, non-renewal or other expiration of this
Agreement for any reason, Distributor shall have the right to return any and all Products which remain unsold in Distributor’s inventory to Aruba and Aruba shall repurchase from Distributor all such Products at the invoice price paid by
Distributor for such Products. In the event of a material breach, the breaching party shall pay the freight for any such repurchases; in all other events, the terminating party shall pay the freight charges for any such repurchases. In addition,
Aruba shall immediately convert any outstanding credits granted or credit memos issued by Aruba to Distributor and any other amounts that can be offset by Distributor into cash and shall pay such cash to Distributor within [***] ([***]) days after
the termination date after first applying all credits granted to any/all outstanding open invoices agreed to by the both parties. In the event Distributor terminates the Agreement pursuant to Section 2.2(a), (b) or (c), Distributor,
in its sole and exclusive discretion, may return all current Products held in inventory in exchange for credit against any amounts owed by Distributor to Aruba. 
 3. APPOINTMENT 
 3.1 Distributor Appointment. Subject to Distributor’s
compliance with all of the terms of this Agreement, Aruba grants Distributor the non-exclusive, non-transferable right, during the term of this Agreement, to distribute the Products only (a) exactly as packaged and provided by Aruba and
(b) to Resellers that take delivery in and have a principle place of business located in the Territory. Nothing in this Agreement shall be construed as limiting in any manner Aruba’s marketing or distribution activities or its appointment
of other dealers, resellers, distributors, licensees or agents. A separate written authorization from Aruba is required before Partner will be permitted distribute Aruba’s Wireless Mesh products. 

 

	***	Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with
respect to the omitted portions. 

  

			
	ARUBA DISTRIBUTOR AGREEMENT	 	
	 REV061511 (STOCKING)
	 	ARUBA CONFIDENTIAL
	 Contract Number: SPA0811-00074954
	 	3

 3.2 Relationship. Distributor is an independent contractor of Aruba under this Agreement. All
financial obligations associated with Distributor’s business are the responsibility of Distributor. All sales and other agreements between Distributor and Resellers are Distributor’s exclusive responsibility. Distributor will be solely
responsible for, and will indemnify to hold Aruba free and harmless from, any and all claims, damages or lawsuits arising out of the acts, omissions, failure to act or misrepresentations of Distributor, and/or its employees, officers, directors or
agents. 
 3.3 Duties of Distributor. Distributor certifies that it is purchasing the Hardware with the accompanying Software for resale
and, in the case of the Software, sublicensing, to resellers within the Territory. Distributor will: 
  

	 	a.	provide (i) point of sale (POS) information on a daily basis on all Aruba products sold with Reseller, End User, pricing, shipping, SKU, quantity, order
number, and promotion/non-standard pricing information in the exact format reasonably provided by Aruba; (ii) a daily inventory report listing the quantity of each Product (based on individual SKU) held in the Distributor’s inventory;
(iii) daily back order information report listing the quantity of each Product (based on individual SKU); (iv) daily in-transit report listing the quantity of each Product (based on individual SKU); and (v) a daily list of all open orders
with SKUs Reseller, End User, pricing, shipping and promotion/non-standard pricing information.; 

  

	 	b.	provide Aruba with copies of Purchase Orders for Aruba equipment from Resellers and from End-Users on request; 

 

	 	c.	market and distribute Products only to Resellers and only in the Territory, however if the Territory includes all or part of the European Union (EU), then
Distributor may distribute to Resellers outside the Territory who 

  

	 	i.	are located and take delivery within the EU, 

  

	 	ii.	are not solicited by Distributor, and 

  

	 	iii.	approach Distributor in the Territory on their own initiative; 

  

	 	d.	engage in advertising and/or sales promotion activities only in the Territory, designate the Products by their correct name and identify them as the Products of
Aruba being marketed by Distributor as an independent agent; 

  

	 	e.	recruit Resellers that are willing to become Aruba Authorized Partners only in the Territory and in accordance with the requirements of current Aruba Partner
Program as updated by Aruba from time to time; 

  

	 	f.	undertake not to provide Aruba Products to any existing Aruba Authorized Partners that are aligned with another Aruba Distributor, except where

  

			
	ARUBA DISTRIBUTOR AGREEMENT	 	
	 REV061511 (STOCKING)
	 	ARUBA CONFIDENTIAL
	 Contract Number: SPA0811-00074954
	 	4

	 	i.	the Aruba Authorized Partner approaches the Distributor on their own initiative, and 

 

	 	ii.	Aruba agrees in writing that Distributor may provide that Aruba Authorized Partner with Aruba Products; 

 

	 	g.	assign a full-time resource dedicated solely to Aruba to manage Distributor’s Aruba business, Aruba Authorized Partners and be the day to day liaison with
Aruba. 

  

	 	h.	provide Aruba Authorized Partners with regular sales training, assistance in business planning; 

 

	 	i.	adhere to Aruba guidelines in terms of price support and deal registration in accordance with the requirements of the current Aruba Partner Program;

  

	 	j.	to use the price list appropriate to the Territory as the basis for resale; 

 

	 	k.	have on staff appropriately skilled technical personnel trained on Aruba in accordance with the requirements outlined in Exhibit A; 

 

	 	l.	maintain places of business as necessary to provide good customer service and marketing coverage in the Territory, and maintain a qualified sales organization
which will call on Resellers and qualified potential Resellers in the Territory; 

  

	 	m.	not engage in any deceptive, misleading, illegal or unethical business practice; 

 

	 	n.	distribute the Software for use solely in conjunction with and as embedded in the Products and solely in accordance with the then-current End User License
Agreement, and to provide documentary or any such other support as reasonably requested to assist Aruba’s efforts to enforce the terms of such End User License Agreement; 

 

	 	o.	to the extent applicable, offer Aruba Support Services only in accordance with the terms, conditions, requirements and limitations set forth in the ArubaCare
Agreements referenced in Exhibit A, as amended by Aruba from time to time upon notice to Distributor; 

  

	 	p.	promptly pass on to Aruba any reported Product suggestions and defects of which Distributor has written notice (including safety problems) and Distributor
acknowledges and agrees that Aruba has an irrevocable, royalty-free right to fully exploit any such information, including, without limitation, modifying Products to address such issues); comply with the U.S. Foreign Corrupt Practices Act and all
applicable export laws, restrictions, and regulations of any United States or foreign agency or authority; and obtain and bear all expenses relating to any necessary licenses and/or exemptions with respect to the export from the U.S. of the Products
to any location in compliance with all applicable laws and regulations prior to delivery thereof by Aruba; Aruba will provide Distributor with required documents and reasonable assistance with respect to export compliance; 

  

			
	ARUBA DISTRIBUTOR AGREEMENT	 	
	 REV061511 (STOCKING)
	 	ARUBA CONFIDENTIAL
	 Contract Number: SPA0811-00074954
	 	5

	 	q.	comply with all laws and obtain any necessary registrations, permits, and approvals required in (or to import the Products into) the Territory; and

  

	 	r.	promptly notify Aruba in writing of any known or suspected infringement or misappropriation of Aruba’s proprietary rights of which Distributor has written
notice. 

  

	3.4	Aruba grants no rights or licenses other than those licenses expressly and unambiguously granted herein. 

4. CONFIDENTIALTY 
 Each party
will disclose proprietary and confidential information to the other, including without limitation code, inventions, algorithms, know-how, ideas, and all business, technical and financial information (“Confidential Information”). Except as
expressly and unambiguously allowed herein, the receiving party will hold in confidence and not use or disclose any of the other party’s Confidential Information to any third parties other than the receiving party’s employees, agents and
consultants who have a strict need to know such information and who are bound by confidentiality obligations that are at least as protective of the Confidential Information as this Section 4. The receiving party will not use any of the
disclosing party’s Confidential Information for any purpose other than in the performance of this Agreement. The parties’ nondisclosure obligations will not apply to information that (i) is generally available to the public, other
than through breach of this Agreement or (ii) was in the possession of, or was known by, the receiving party prior to its receipt from the disclosing party, without an obligation to maintain its confidentiality or (iii) is obtained by the
receiving party from a third party, without an obligation to keep such information confidential or (iv) is required to be disclosed by a government or court order, provided, however, that to the extent that such disclosure is required by valid
government or court order that, to the extent legally permissible, the receiving party first give notice to the disclosing party and in order to allow the disclosing party an opportunity to obtain a protective order requiring that the Confidential
Information so disclosed be used only for the purposes for which the order was issued. Because of the unique and proprietary nature of the Confidential Information, it is understood and agreed that any remedy at law for a breach of any obligations
under this Section 4 may be inadequate and that such breach may cause irreparable harm to the disclosing party; therefore the disclosing party will be entitled to seek immediate injunctive relief in addition to any other remedies. 

  

			
	ARUBA DISTRIBUTOR AGREEMENT	 	
	 REV061511 (STOCKING)
	 	ARUBA CONFIDENTIAL
	 Contract Number: SPA0811-00074954
	 	6

 5. PURCHASE OF PRODUCT BY DISTRIBUTOR: PRICING AND PAYMENTS 

5.1 Purchase Orders. Distributor shall submit to Aruba Purchase Orders with a minimum thirty (30) day lead times prior to the requested
delivery date. Each Purchase Order shall include Product Model Number, quantity, unit and/or extended price in U.S. Dollars, payment terms (as set forth in section 5.7, below), requested ship date (after lead time) and shipment method, including
carrier, delivery schedule and destination. Aruba will accept or reject each Purchase Order in writing or electronically within five (5) US business days and a failure to accept or reject will be deemed an acceptance. If Aruba rejects a
Purchase Order, the Parties may negotiate in good faith regarding possible changes in such Purchase Order which would make such Purchase Order mutually acceptable. 
 5.2 Pricing 
 A. Standard Pricing. For Products acquired under this
Agreement, Distributor shall pay to Aruba the price set forth on the Price List minus the discount set forth in Exhibit A. Such prices do not include any additional charges for shipment, which shall be paid by Distributor. Distributor shall
reimburse Aruba for any such charges paid by Aruba within thirty (30) days of invoice thereof. Distributor is free to set the prices at which it sells the Products without consultation with Aruba. 

B. Rebate for Non Standard Pricing (NSP). Aruba will rebate to Distributor additional discounts for products sold at Non Standard
Pricing (NSP) provided (i) the required Point of Sale (POS) information is delivered to Aruba provided as specified in Section 3.3 (c) and (ii) the additional discount is agreed and approved in advance with Aruba and validated
with both an NSP Reference and Deal Registration reference numbers provided by Aruba. 
 5.3 Annual Purchase Target. If Distributor fails
to meet its annually-agreed Annual Purchase Target, Aruba may, in its sole discretion, change the level of discount that the Distributor is receiving and to amend Exhibit A to reflect such change in discount. The Annual Purchase Target for the
initial year is set forth on Exhibit A. In no event will Distributor be responsible to pay any amounts to Aruba as the result of any failure to meet the Annual Purchase Target. 
 5.4 Price Changes. The Price List for the Products is subject to change by Aruba from time to time upon notice to Distributor. 
 5.4.1 Price Increases. Aruba shall endeavor to provide thirty (30) days prior notice via its partner website or otherwise of price increases. Price changes will apply to Products that are
ordered by Distributor on or after the effective date of the change. 
 5.4.2 Price Decreases. Aruba shall have the right, in its sole
and exclusive discretion, from time to time or at any time to decrease its list price for the Products with thirty (30) days prior written notice to Distributor. In the event of such price decrease, Aruba shall promptly grant Distributor a
corresponding price decrease and issue a credit memo for (a) any affected Products ordered or purchased by Distributor, which have not been shipped or delivered to Distributor or which are in transit, and (b) all Products that have been
held in inventory for six (6) months or less by Distributor on the date of such price reduction. 

  

			
	ARUBA DISTRIBUTOR AGREEMENT	 	
	 REV061511 (STOCKING)
	 	ARUBA CONFIDENTIAL
	 Contract Number: SPA0811-00074954
	 	7

 5.5 Changes in Products. Aruba may change the functionality or features of, or discontinue the
manufacture, license or sale of any Products provided hereunder. Distributor understands and agrees that Aruba cannot and does not make any warranty in regards to advance notice of any such changes in Products. 

5.6 Change Order. 
 5.6.1 Reschedule.
Distributor shall have the right to reschedule up to [***] percent ([***]%) of an accepted Purchase Order for no more than thirty (30) days from the scheduled shipping date for such accepted Purchase Order if Distributor provides written
notice to Aruba at least fifteen (15) business days prior to the original scheduled shipping date; provided that each Purchase Order may only be rescheduled once. Distributor shall have no right to return or exchange any portion of shipped
orders, other than the standard warranty discussed in Section 6 below. If rescheduling occurs within fifteen (15) days of the scheduled shipping date, Aruba may charge a [***] percent ([***]%) rescheduling fee. 

5.6.2 Cancellation. Distributor shall have the right to cancel an accepted Purchase Order or any portion thereof any time prior to the scheduled
shipment date. If the accepted Purchase Order is cancelled within [***] ([***]) days of the scheduled ship date, Aruba may charge a [***] percent ([***]%) cancellation fee which will be passed through to Distributor’s customers. 

Distributor shall have no right to cancel shipped Orders. 
 5.7 Payment Terms. Distributor shall pay each invoice within [***] ([***]) days of the date of such invoice. All payments shall be made in the United States in U.S. dollars. If the Products are
delivered in installments, Distributor shall be invoiced for each installment. Each shipment shall be treated as a separate transaction, but in the event of any failure of Distributor to make payment as provided above, Aruba may decline to make
further shipments without in any way affecting its rights hereunder. 
 5.7.1 Credits, Credit Memos and Offsets. Any credits granted or
credit memos issued pursuant to this Agreement may be convertible into cash by providing the indebted party thirty (30) days prior written notice of request for conversion, as long as there are no other outstanding invoices due to Aruba by
Distributor. Distributor may offset amounts due to Aruba for Product purchases with any credits granted or credit memos issued to Distributor, or any other current amounts owed by Aruba to Distributor. 

 

	***	Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with
respect to the omitted portions. 

  

			
	ARUBA DISTRIBUTOR AGREEMENT	 	
	 REV061511 (STOCKING)
	 	ARUBA CONFIDENTIAL
	 Contract Number: SPA0811-00074954
	 	8

 5.8 Delivery, Freight Charges, Risk of Loss. In its acceptance of Purchase Orders, Aruba shall notify
Distributor of Aruba’s targeted shipment dates for the Products. Aruba shall provide the Products FOB Origin, Aruba’s designated facility provided that such facility is within the contiguous United States. (Incoterms 2000), freight charges
to be paid by Distributor. Title to Hardware and all risk of loss shall pass to Distributor upon tender of shipment. Unless otherwise specified on the Purchase Order, delivery shall be made to Distributor’s address specified on the first page
of this Agreement. Distributor shall notify Aruba of its preferred forwarders, brokers, transportation suppliers and insurance carriers and Aruba shall use such preferred entities in accordance with Distributor’s instructions. Notwithstanding
the foregoing, in the absence of specific instructions from Distributor, Aruba shall select the carrier and arrange for in-transit insurance, all at Distributor’s expense. Title to Software shall at all times remain solely with Aruba. 

 5.9 Taxes. All amounts payable to Aruba hereunder this Agreement do not include any taxes, levies, or similar governmental
charges, however designated, or any related penalties, including those now in force or enacted in the future (“Taxes”). Distributor shall be responsible for all such Taxes excluding Taxes due on Aruba’s net income, unless Distributor
provides Aruba with a tax-exempt certificate. 
 5.10 Stock Rotation. Distributor may return overstocked Products to Aruba for a full
credit of the price paid for such Products, provided that (i) the Products are in Distributor’s inventory and are new, unused and in their original, sealed condition; (ii) Distributor submits to Aruba its notice to return Product
(“RMA Request”) within the ten (10) day period following each calendar quarters (ending March 31st, June 30th, September 30th and December 31st); (iii) such credit does not to exceed [***] percent
([***]%) of the net shipments to Distributor during the [***] ([***]) calendar quarter immediately preceding the date of Distributor’s RMA Requests and are Products which have not appeared on a POS report provided by Distributor or were drop
shipped to the End User by Aruba. Consequently, returned product shall not be returned from End User’s inventory. Aruba shall credit Distributor s account in the amount of the purchase price of the Products. Distributor may apply such
credit to any Aruba invoice. Distributor shall pay for freight charges under this section. 
 5.11 Packaging. Aruba shall package the
Products in Aruba’s customary manner but shall use commercially reasonable efforts to provide special packaging at Distributor’s written request and expense and in accordance with the following minimum requirements: 

 

	5.11.1	The Products shall be shipped on reusable pallets and shall not be slip sheeted. 

 

	***	Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with
respect to the omitted portions. 

  

			
	ARUBA DISTRIBUTOR AGREEMENT	 	
	 REV061511 (STOCKING)
	 	ARUBA CONFIDENTIAL
	 Contract Number: SPA0811-00074954
	 	9

 5.11.2 Each unit of Product shall be marked with a UPC bar code. If any unit of Product is not marked
with a UPC bar code, then Distributor will, at its option, either return the Product to Aruba at Aruba’s expense, or charge Aruba [***] ($[***]) per Product unit. 
 5.11.3 If serialized, the serial numbers shall be conspicuously labeled on the outside of the box in both readable and bar code format. 
 6. LIMITED WARRANTY; DISCLAIMER 
 6.1 Limited Warranty. Aruba warrants only to
End Users that the Hardware portion of Products will substantially conform to the Specifications for a period of [***] ([***]) months from the date of shipment to Distributor and that the Software portions will substantially conform to the
Specifications for a period of [***] ([***]) days from the date of shipment to Distributor. In the event of a breach of this warranty, Distributor’s sole and exclusive remedy, and Aruba’s sole and exclusive liability, shall be for Aruba to
use its commercially reasonable efforts to correct or repair the Products or to replace the Products that cause breach of this warranty. If Aruba cannot, or determines that it is not practical to, repair or replace the returned Product, then the
sole and exclusive remedy and the limit of Aruba’s obligation shall be to refund the amount received price by Aruba from Distributor for such Products. 
 6.2 Warranty; Exclusions. The warranties do not extend to any defect which is caused by a Product being modified or altered, or not being maintained to Aruba’s reasonable maintenance
recommendations, or being operated in a manner other than a manner in which it was intended to be operated or being treated with abuse, negligence or other improper treatment (including, without limitation, use outside any recommended environment
set out in the Specification) or being repaired or modified by anyone other than Aruba or an Aruba authorized company. Distributor is fully responsible for the satisfaction of its End Users and will be responsible for all claims, damages,
settlements, expenses and attorneys’ fees incurred by Aruba with respect to Distributor’s Resellers or their claims beyond Aruba’s above warranty obligation to Distributor. It is a condition of this Agreement that Aruba is entitled to
supply the Products to Distributor and License the Software to End Users in accordance with this Agreement. 
  

	***	Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with
respect to the omitted portions. 

  

			
	ARUBA DISTRIBUTOR AGREEMENT	 	
	 REV061511 (STOCKING)
	 	ARUBA CONFIDENTIAL
	 Contract Number: SPA0811-00074954
	 	10

 6.3 Warranty Returns. Distributor will handle and be responsible for all warranty returns from its
Resellers or End Users. All Products must be returned to Aruba in accordance with Aruba’s then-currently notified Return Material Authorization (RMA) procedure. Products obtained from Aruba that do not comply with the warranty and are returned
(by Distributor only) to Aruba during the warranty period will be repaired or replaced at Aruba’s option, provided Distributor bears the cost of freight, insurance, duties and import and export fees to the point of repair or return. If the
returned Products are covered by the above warranty, Aruba will bear the cost of freight, insurance, duties and import and export fees for return of goods to Distributor. For the first thirty (30) days after shipment, Aruba will replace any
non-compliant Product with a new Product within one business day of notice via the RMA procedure. Resellers (or their End Users) may purchase an extension of this next business day protection through a separate support and service agreement. In the
absence of such a support and service agreement, for thirty or more days after shipment but within the twelve month warranty period, Aruba will replace or repair any non-compliant Product and return in operable condition to Distributor within
forty-five (45) days of notice and receipt of the non-compliant Product via our RMA procedure. Access to Aruba’s Technical Assistance Center (“TAC”) for any and all questions, consultation, deployment assistance, or problem
reports shall be provided only pursuant to a separate service and support agreement. 
 6.4 Warranty Disclaimer. EXCEPT FOR THE
EXPRESS WARRANTIES AND OTHER TERMS AND CONDITIONS SET OUT IN THIS AGREEMENT , ALL PRODUCTS AND SERVICES ARE PROVIDED TO DISTRIBUTOR ON AN “AS IS” BASIS WITHOUT ANY WARRANTY WHATSOEVER, AND ARUBA AND ITS LICENSORS AND SUPPLIERS EXPRESSLY
DISCLAIM ALL OTHER WARRANTIES, TERMS AND CONDITIONS, EXPRESS, IMPLIED AND STATUTORY, INCLUDING WITHOUT LIMITATION THE IMPLIED WARRANTIES OF QUALITY AND FITNESS FOR A PARTICULAR PURPOSE. ARUBA ALSO MAKES NO WARRANTY REGARDING NONINTERRUPTION OF USE
OR FREEDOM FROM BUGS.  
 7. MARKETING  
 7.1 Marketing. Aruba will use commercially reasonable efforts to keep Distributor informed of marketing products and technical information in sufficient and accurate detail to enable Distributor to
properly promote the Products. Aruba may, in its discretion, convey to Distributor information on sales prospects and inquiries that Aruba has received with respect to the Territory. In order to assist Distributor in its marketing and resale efforts
with respect to the Products, Aruba agrees to provide to Distributor product or technical consultation with the date, location and fees for such consultation to be agreed to by the Parties. Distributor and Aruba shall each bear their own
transportation and living expenses for the consultation services. Distributor agrees to have the number of knowledgeable sales and marketing persons specified in Exhibit A 

  

			
	ARUBA DISTRIBUTOR AGREEMENT	 	
	 REV061511 (STOCKING)
	 	ARUBA CONFIDENTIAL
	 Contract Number: SPA0811-00074954
	 	11

 7.2 [Reserved] 

7.3 Publicity – End User Installations. Distributor and Aruba agree that promotion of End User projects is in their mutual
best interests. Therefore both Parties will cooperate in developing promotional material, including but not limited to, press releases, white papers, technical papers and journal submissions. Distributor will use all commercially reasonable efforts
to secure End User approval to use its name and project details in these public documents and disclosures. 
 7.4 Product
Publicity. Distributor will use its resources to promote Products in the Territory. This may include, but is not limited to: press releases concerning products, liaison with local trade press, and trade show representation and advertising. Each
party will have the right to review and approve or reject the content of any press release, advertising or collateral relating to the Products or in any way arising out of this Agreement prior to its issuance. Distributor will keep Aruba informed of
any activities it conducts as defined in this Section. Each party agrees that when using the other party’s name, logo(s) or Product names, it will comply with all such other party’s trademark usage guidelines in effect at the time. With
Distributor’s prior written authorization, Distributor shall have the right to publicly identify Distributor as a distributor of the Products and to include Distributor’s name, logo and other relevant information in marketing and website
collateral. 
 8. LIMITATION OF LIABILITY  
 8.1 NEITHER PARTY LIMITS OR EXCLUDES ANY LIABILITY FOR DEATH OR PERSONAL INJURY CAUSED BY NEGLIGENCE, OR FOR FRAUDULENT MISREPRESENTATION. 
 8.2 SUBJECT TO SECTION 8.1, AND EXCEPT FOR A PARTY’S BREACH OF CONFIDENTIALITY UNDER SECTION 4, AND A PARTY’S INDEMNIFICATION OBLIGATIONS UNDER SECTION 10, NEITHER PARTY NOR ARUBA’S
LICENSORS NOR ARUBA’S SUPPLIERS WILL BE LIABLE WITH RESPECT TO ANY SUBJECT MATTER OF THIS AGREEMENT UNDER ANY CONTRACT, NEGLIGENCE, STRICT LIABILITY, OR OTHER LEGAL OR EQUITABLE THEORY FOR AMOUNTS THAT IN THE AGGREGATE ARE IN EXCESS OF TWO
TIMES THE AMOUNTS PAID TO ARUBA HEREUNDER DURING THE TWELVE-MONTH PERIOD PRIOR TO THE DATE THE CAUSE OF ACTION FIRST AROSE. 
 8.3
SUBJECT TO SECTION 8.1 AND EXCEPT FOR EITHER PARTY’S OBLIGATIONS UNDER SECTION 4, NEITHER DISTRIBUTOR NOR ARUBA NOR THEIR LICENSORS NOR SUPPLIERS WILL BE LIABLE TO THE OTHER PARTYWITH RESPECT TO ANY SUBJECT MATTER OF THIS AGREEMENT UNDER ANY
CONTRACT, NEGLIGENCE, STRICT LIABILITY, OR OTHER LEGAL OR EQUITABLE THEORY FOR ANY INCIDENTAL, SPECIAL OR CONSEQUENTIAL DAMAGES, LOST PROFITS OR LOST DATA OR FOR LOSS OR CORRUPTION OF DATA OR INTERRUPTION OF USE. 

  

			
	ARUBA DISTRIBUTOR AGREEMENT	 	
	 REV061511 (STOCKING)
	 	ARUBA CONFIDENTIAL
	 Contract Number: SPA0811-00074954
	 	12

 9. INTELLECTUAL PROPERTY RIGHTS 
 Aruba and/or its suppliers have and retain all right, title and interest in and to the Software portion of the Products and in and to all intellectual property rights relating to the Products (including,
without limitation, copyright, database rights, design rights and any trademark, service mark or trade name rights associated therewith), as well as to all copies and derivative works thereof. Distributor will not delete or in any manner alter any
proprietary notices of Aruba and its suppliers and licensors appearing on or in the Product(s) or Software. Distributor will not (and will not grant permission to anyone to) (i) disassemble, decompile, alter or reverse engineer the Products or
otherwise attempt to derive the source code, structure, algorithms or ideas underlying the Products (except to the extent the provisions of this clause (i) are expressly prohibited by applicable law), (ii) rent, lease or otherwise provide
temporary access to a Product, (iii) copy or modify the Products. 
 Any attempt by Distributor to (or to grant permission to others to)
register as its own, or adopt, use or attempt to register any trademark or service that is confusingly similar to Aruba’s trade names, trademarks or service marks will entitle Aruba to terminate this Agreement. 

10. INDEMNIFICATION 
 10.1 Aruba
shall defend Distributor and its officers, directors, agents and employees (“Indemnified Party”) against claims brought against them by a third party to the extent such claims arise from (i) infringement by the Product of any United
States or Canadian copyright or patent issued in the Territory as of the date of delivery of the applicable Product and (ii) the design of the Product by Aruba , and pay all costs, damages and expenses (including reasonable legal fees) finally
awarded against an Indemnified Party by a court of competent jurisdiction or an arbitrator pursuant to Section 11, or as agreed to in a written settlement agreement signed by Aruba; provided that: (1) such Indemnified Party notifies Aruba
in writing of any and all threats, claims and proceedings related thereto promptly upon first learning of any such threats or claims, so as not to prejudice Aruba; (2) Aruba is given the opportunity to assume sole control over the defense and
all negotiations for a settlement or compromise; and (3) such Indemnified Party provides Aruba, at Aruba’s request, with the assistance and information necessary to perform Aruba’s obligations under this Section. Aruba will not be
responsible for any settlement it does not approve in writing. The foregoing obligation of Aruba does not apply with respect to Product or portions or components thereof (i) that are made in whole or in part in accordance with Distributor
specifications, (ii) that are modified by Distributor (or under Distributor’s direction) after shipment by Aruba, to the extent the alleged infringement relates to such modification, (iii) that are combined by Distributor with other
products, processes or materials to the extent the alleged infringement relates to such combination, (iv) where Distributor continues allegedly infringing activity after being notified thereof or after being informed of modifications that would
have avoided the alleged infringement, (v) to the extent Distributor’s use of the Product is incident to an infringement not resulting primarily from the Product or (vi) to the extent Distributor’s use is not strictly in
accordance with this Agreement and all applicable licenses and documentation. Notwithstanding the foregoing, Aruba may not settle any claim that affects Distributor’s rights or interests without Distributor’s prior written consent.

  

			
	ARUBA DISTRIBUTOR AGREEMENT	 	
	 REV061511 (STOCKING)
	 	ARUBA CONFIDENTIAL
	 Contract Number: SPA0811-00074954
	 	13

 10.2 Distributor Indemnification. Distributor shall indemnify Aruba and its officers, directors,
agents, and employees from all damages, settlements, attorneys’ fees and expenses related to a claim of infringement or misappropriation to the extent such claim arises from a Product or portion or component(s) thereof (i) that are not
supplied, developed by, or approved for use by Aruba, (ii) that are made in whole or in part in accordance with Distributor specifications, (iii) that are modified by Distributor or under Distributor’s direction after shipment by
Aruba, to the extent the alleged infringement relates to such modification, (iv) that are combined by Distributor with other products, processes or materials to the extent the alleged infringement relates to such combination, (v) where
Distributor continues allegedly infringing activity after being notified thereof or after being informed of modifications to the extent compliance with such notification would have avoided the alleged infringement, (vi) to the extent
Distributor’s use of the Product is incident to an infringement not resulting primarily from the Product or (viii) to the extent Distributor’s use of a Product is not strictly in accordance with this Agreement and all applicable
licenses and documentation. 
 10.3 Alternatives. In the event that Aruba reasonably believes that the use of the Products may be
enjoined or otherwise infringe third party rights, Aruba shall use reasonable efforts to procure on reasonable terms the right to continue using the Products, or to replace or modify the Products so that they are outside the scope of the injunction
or infringement. If neither of those actions is reasonably feasible despite of Aruba’s reasonable efforts, Aruba shall refund to Distributor the unamortized portion of the purchase price or license fee actually paid by Distributor for such
Products (as amortized on a straight line basis over five years from the date of shipment of such Product). The foregoing states the parties’ entire rights and liabilities with respect to infringement of third party intellectual property
rights. 
 Distributor shall indemnify Aruba and its officers, directors, agents, and employees from all damages, settlements,
attorneys’ fees and expenses related to any claim by its End Users that arises from or is in any way related to any misrepresentations, warranties (except to the extent such warranties are provided by Arbua), or negligent acts or omissions by
Distributor. 
 11. GENERAL 
 11.1 Assignment. Neither this Agreement nor any rights under this Agreement shall be assigned or otherwise transferred by either party without the prior written consent of the other party.
Notwithstanding the foregoing, either party shall have the right to assign all or part of this Agreement without the other party’s approval in the event of a merger, acquisition or reorganization of all or substantially all of its assets,
provided that neither party shall have the right to assign all or party of this Agreement to a direct competitor of the other party. This Agreement shall bind and insure to the benefit of the successors and permitted assigns of the Parties.

  

			
	ARUBA DISTRIBUTOR AGREEMENT	 	
	 REV061511 (STOCKING)
	 	ARUBA CONFIDENTIAL
	 Contract Number: SPA0811-00074954
	 	14

 11.2 Notices. Any notice, report, approval or consent required or permitted hereunder shall be in
writing and in the English language. Any notices required or permitted to be given to either Party hereunder shall be deemed properly given when delivered by certified or registered mail (return receipt requested), hand delivery, or overnight
delivery with signature proof of delivery, such as Federal Express, and directed to such Party at the address appearing in the first paragraph of this Agreement, to the attention of the General Counsel. 

11.3 Severability and Headings. If any provision of this Agreement is held by a court of competent jurisdiction to be invalid under any applicable
statute, rule or law, the Parties agree that such invalidity shall not affect the validity of the remaining provisions of this Agreement, and further agree to substitute for the invalid provision a valid provision which most closely approximates the
intent and economic effect of the invalid provision. Headings used in this Agreement are provided for convenience only, and shall not in any way affect the meaning or interpretation hereof. 
 11.4 Waiver. No waiver of any right by either Party under this Agreement shall be of any effect unless such waiver is expressed, in writing and signed by the waiving Party. Any purported waiver not
consistent with the foregoing shall be void. 
 11.5 Force Majeure. Each party’s failure to perform its obligations hereunder, shall
be excused to the extent and for the period such performance is prevented by fire, flood, earthquake, acts of God, shortages of supplies, explosion, casualty of war, labor dispute, inability to obtain delivery of parts, failure of supplies of
electrical power, violence, any governmental law, order, regulation or ordinance, or any other act or condition beyond the reasonable control of Aruba. In such case, the affected party shall (a) give prompt, written notice to the other party,
(b) use its reasonable commercial efforts to correct promptly such failure or delay in performance, and (c) shall resume performance promptly once the foregoing condition has abated. 

11.6 Relationship of the Parties. The Parties understand and agree that their relationship hereunder is one of contract and that they are
not and shall not be construed as partners, joint ventures, or agent and principal. In no event shall either Party be authorized to act for or on behalf of the other Party. 
 11.7 Survival. In the event of the expiration or termination of this Agreement, the provisions of Section 1 (“Definitions”), Subsection 2.4 (“Effect of
Termination”), Section 4 (“Confidentiality”), Subsection 5.7 (“Payment Terms”), Section 6 (“Limited Warranty; Disclaimer”), Section 8 (“Limitation of Liability”), Section 9
(“Intellectual Property”), Section 10 (“Indemnification”), and Section 11 (“General”) shall survive and shall continue to bind the Parties. 
 11.8 English Language. This Agreement is in the English language only, which language shall be controlling in all respects. Any versions of this Agreement in any other language will be for
accommodation only and will not be binding on either party. All communications and documentation for the products to be furnished under this Agreement shall be in the English language. 

  

			
	ARUBA DISTRIBUTOR AGREEMENT	 	
	 REV061511 (STOCKING)
	 	ARUBA CONFIDENTIAL
	 Contract Number: SPA0811-00074954
	 	15

 11.9 Choice of Law; Jurisdiction; Arbitration. This Agreement is made under and will be
governed by and construed in accordance with the laws of the State of California, without applying conflicts of law rules, and specifically excluding from application the United Nations Convention on Contracts for the International Sale of Goods.
Any dispute arising from or relating to the subject matter of this Agreement that cannot be resolved thereby within a period of thirty (30) days after written notice of a dispute has been given by one party hereunder to the other (the last day
of such thirty (30) day period being herein referred to as the “Arbitration Date”), shall be finally settled by arbitration in San Francisco, California, using the English language in accordance with the Arbitration Rules and
Procedures of JAMS/Endispute (“JAMS”) then in effect, by an arbitrator with substantial experience in resolving complex commercial contract disputes, who will be chosen from the appropriate list of JAMS arbitrators. If the parties cannot
agree upon the identity of an arbitrator within fifteen (15) days following the Arbitration Date, then an arbitrator shall be selected on an expedited basis in accordance with the Arbitration Rules and Procedures of JAMS. Any arbitrator so
selected shall have substantial experience in the networking industry. The arbitrator shall have the authority to grant specific performance and to allocate between the parties the costs of arbitration (including service fees, arbitrator fees and
all other fees related to the arbitration) in such equitable manner as the arbitrator may determine. The prevailing party in the arbitration shall be entitled to receive reimbursement of its reasonable expenses (including reasonable attorneys’
fees, expert witness fees and all other expenses) incurred in connection therewith. Judgment upon the award so rendered may be entered in a court having jurisdiction or application may be made to such court for judicial acceptance of any award and
an order of enforcement, as the case may be. Notwithstanding the foregoing, each party shall have the right to institute an action in a court of proper jurisdiction for preliminary injunctive relief pending a final decision by the arbitrator,
provided that a permanent injunction and damages shall only be awarded by the arbitrator. For all purposes of this Section 11.9, the parties consent to exclusive jurisdiction and venue in the United States Federal Courts located in the Northern
District of California. Nothing in this Section 11.9 shall prevent either party from commencing action in any other court in order to enforce its rights in intellectual property or proprietary or confidential information. 

11.10 Amendment. This Agreement may be amended only in writing, signed by both Parties. Any purported oral modification hereof shall be
void. 
 11.11 Entire Agreement. This Agreement, including all Exhibits (including, without limitation, any terms, conditions and
limitation referenced in such Exhibits as being incorporated into this Agreement), is the entire agreement between the Parties with respect to this subject matter, and supersedes all prior and contemporaneous discussions, communications and
agreements, written or oral, with respect thereto and subject to section 8.1 each party confirms that it has not been induced to enter into this Agreement as a result of any representation or statement which is not set out herein. This Agreement may
be executed in two or more counterparts, each of which will be deemed an original, but all of which together shall constitute one and the same instrument. Once signed, any reproduction of this Agreement made by reliable means (e.g., photocopy,
facsimile) is considered an original. This Agreement may be changed only by a written document signed by authorized representatives of Aruba and Distributor. 

  

			
	ARUBA DISTRIBUTOR AGREEMENT	 	
	 REV061511 (STOCKING)
	 	ARUBA CONFIDENTIAL
	 Contract Number: SPA0811-00074954
	 	16

 11.12 Government Restricted Rights. Distributor acknowledges and shall state in every
agreement under which its Resellers which are agencies, departments or entities of the United States Government (“Government”) obtain rights to use the Products, that (i) use, reproduction, release, modification or disclosure of such
Products, or any part thereof, including technical data, is restricted in accordance with Federal Acquisition Regulation (“FAR”) 12.212 for civilian agencies and Defense Federal Acquisition Regulation Supplement (“DFARS”)
227.7202 for military agencies, (ii) such Products are commercial products, which were developed at private expense, and (iii) use of such Products by any Government agency, department or other agency of the Government is further
restricted as set forth in this Agreement. 
 11.12 Third parties. No part of this Agreement may be enforced by any person or entity
which is not a party to it. 
 IN WITNESS WHEREOF, the Parties have executed this Agreement as of the Effective Date. 

 

			
	ARUBA NETWORKS, INC.	  	SYNNEX Corporation
		
	By: /s/ Alexa King	  	By: /s/ Daniel T. Brennan
		
	Name: Alexa King	  	Name: Daniel T. Brennan
		
	Title: General Counsel	  	Title: Corporate Counsel
		
	Date: 9/29/2011	  	Date: 9/23/2011

  

			
	ARUBA DISTRIBUTOR AGREEMENT	 	
	 REV061511 (STOCKING)
	 	ARUBA CONFIDENTIAL
	 Contract Number: SPA0811-00074954
	 	17

 EXHIBIT A 
 DISTRIBUTOR 
 (BUSINESS TERMS) 

TERRITORY 
 US & Canada,
other territories solely upon Aruba’s advance prior written consent 
 PRODUCT & SERVICES PRICE LIST 

Distributor shall have the right to sell the Products on the North America Aruba Price List (“Price List”) posted on the Aruba Partner Web Site
at https://partners.arubanetworks.com/ 
 ANNUAL PURCHASE TARGET 
 [***] 
 PRODUCT & SERVICES PRICING/DISCOUNTS 

[***] 
 DISTRIBUTOR PERSONNEL TRAINING

 Sales/Presales Training 
 Sales Professionals and System Engineers are required to be able to develop Aruba leads, qualify, present, demo and quote potential customers. Such personnel shall complete Supplier’s Sales
Specialist training and qualification. Supplier shall provide Distributor one time instructor-led sales training at a Distributor designated training location prior to launch of partnership. Online training resources will also be provided by
Supplier. Supplier may provide additional instructor-led sales training related to the introduction of new products or programs, or at any time as mutually agreed by Supplier and Distributor. 
 Technical Training 
 Supplier will require a minimum of three (3) Distributor Engineers
be trained and achieve Aruba Certified Mobility Associate (ACMA) certification within the first ninety (90) days from the Effective Date to provide pre-sales technical support Resellers and Aruba Authorized Partners. At least one engineer must
complete additional training and pass the Aruba Certified Mobility Professional (ACMP) written exam within 6 months of the Effective Date. 
  

	***	Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with
respect to the omitted portions. 

  

			
	ARUBA DISTRIBUTOR AGREEMENT	 	
	 REV061511 (STOCKING)
	 	ARUBA CONFIDENTIAL
	 Contract Number: SPA0811-00074954
	 	18

 Supplier will provide seats [***] for these three (3) engineers to complete necessary training at
Supplier-offered public training courses. Distributor will be responsible for certification expenses (testing fees, travel and expenses) for the ACMP exam. The ACMA exam is available online at no charge. Additional technical training courses and
certification exams will be provided to Distributor at [***]% off List Price. 
 In the event that one of the Aruba-certified engineers is no
longer employed or available to perform its duties, Distributor will put in place a new engineer to meet Supplier certification requirements. 

If the parties mutually agree that Distributor will provide Distributor-branded support offerings, additional technical certification requirements may
apply and will be addressed by the parties in writing. 
 DEMONSTRATION CAPABILITIES 

Distributor is responsible for establishing a fully functional Demo capability, containing Products reasonably specified by Supplier, within sixty
(60) days after the Effective Date of this Agreement. Aruba from time to time will modify the items required to be contained in the Distributor Demo equipment, and Distributor shall be responsible for updating Demo equipment to meet such
requirements within sixty (60) days after Aruba notifies Distributor of a requirements modification. 
  

	***	Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with
respect to the omitted portions. 

  

			
	ARUBA DISTRIBUTOR AGREEMENT	 	
	 REV061511 (STOCKING)
	 	ARUBA CONFIDENTIAL
	 Contract Number: SPA0811-00074954
	 	19

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