Document:

Lease - The Welsh Office Center LLC

 Exhibit 10.11 
 WELSH CENTER NORTH 
 1250 Grove Avenue 

Barrington, Illinois 60010 
 THIS LEASE is made this 9th day of July, 2010, between The Welsh Office Center LLC, (“Landlord”), and UBiQUiTi Networks as (“Tenant”), for space in the building known as or located
at 1250 South Grove Avenue, Barrington, Illinois (such building, together with the land upon which it is situated, being herein referred to as the “Building”). The following schedule (the “Schedule”) sets forth certain basic
terms of this Lease: 
  

									
	1.	  	Premises:	  		  	Suite 100	  	
					
	2.	  	Annual Base Rent: $16.50 SF	  	Year 1    	  	09/01/10 - 09/30/10	  	(free month)
					
		  		  	Year 1	  	10/1/10 - 08/31/11	  	$89,314.56
					
		  		  	Year 2	  	09/01/11 - 08/31/12	  	$93,780.24
					
		  		  	Year 3	  	09/01/12 - 08/31/13	  	$98,469.24
					
		  		  	Year 4	  	09/01/13 - 09/30/13	  	$   8,205.77
					
	3.	  	Monthly Base Rent:
2% annual increases	  	Year 1	  	$ 7442.88	  	
					
		  		  	Year 2	  	$ 7815.02	  	
					
		  		  	Year 3	  	$ 8205.77	  	
					
		  		  	Year 4	  	$ 8205.77	  	
					
	4.	  	Tenant’s Proportionate Share:	  		  	5.86%	  	
					
	5.	  	Gross Rentable Square Feet	  		  	5413	  	
					
	6.	  	Base Expenses or Base Expense Year:	  		  	N/A	  	
					
	7.	  	Base Taxes or Base Tax Year:	  		  	N/A	  	
					
	8.	  	Security Deposit:	  		  	$ 7442.88	  	
					
	9.	  	Broker:	  		  	Grubb & Ellis	  	
					
	10.	  	Rent Commencement Date	  		  	September 1, 2010	  	
					
	10 (a)	  	Move in date:	  		  	 September 1, 2010 or sooner,
 When buildout is complete.
	  	
					
	11.	  	Expiration Date:	  		  	September 30, 2013	  	

  

 1. DEMISE AND TERM. Not applicable. 
 2. RENT. 
 A. Definitions. For purposes of this Lease, the following
terms shall have the following meanings: 
 (i) “Rent” shall mean Base Rent and any other sums or charges due by Tenant
hereunder. 
 (ii) “Tenant’s Proportionate Share” shall mean the percentage set forth in Item 4 of the
Schedule which has been determined by dividing the retable square feet in the Premises by the retable square feet in the building. 
 B. Payment of Rent. Tenant agrees to pay to Landlord at the office of the Building or at such other place as Landlord designates, the Annual Rent in effect and as adjusted from time to time in
equally monthly installments as set forth in the Schedule, in advance on or before the first day of each month of the Term, except that Tenant shall pay the first month’s installment of Annual Rent upon commencement date. 

C. Other Rent Matters. The following provisions shall govern the payment of Rent: (I) if this Lease commences or ends on a day
other than the first day or last day of a calendar year, respectively, the Rent for the year in which this Lease so begins or ends shall be prorated and the monthly installments shall be adjusted accordingly; (ii) all Rent shall be paid to
Landlord without offset or deduction, and the covenant to pay Rent shall be independent of every other covenant in this Lease; and (iii) any sum due from Tenant to Landlord which is not paid within five days shall bear interest from the date
due until the date paid at the annual rate of two percentage points above the rate then most recently announced by The First National Bank of Chicago as its corporate base lending rate from time to time in effect, but in no event higher than the
maximum rate permitted by law (the “Default Rate”); and, in addition, Tenant shall pay Landlord a late charge for any Rent payment which is paid more than Thirty(30) days after its due date equal to five percent of such payment.

 D. Annual Rent Adjustment. See item #2 - page 1. 
 3. USE. Tenant agrees that it shall occupy and use the Premises only as business offices and for no other purposes. Tenant shall comply with all federal, state, and municipal laws, ordinances and
regulations and all covenants, conditions and restrictions of record applicable to Tenant’s use or occupancy for the Premises. Without limiting the foregoing, Tenant shall not cause, nor permit, any hazardous or toxic substances to be brought
upon, produced, stored, used, discharged or disposed of in, on or about the Premises without the prior written consent of Landlord and then only in compliance with all applicable environmental laws. 

4. CONDITION OF PREMISES. Tenant’s taking possession of the Premises shall be conclusive evidence that the Premises were in good order and
satisfactory condition when Tenant took possession, except such defects of which Tenant had no knowledge and which Tenant could not detect with reasonable diligence. No agreement of Landlord to alter, remodel, decorate, clean or

  
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improve the Premises or the Building (or to provide Tenant with any credit or allowance for the same), and no representation regarding the condition of the Premises or the Building, have been
made by or on behalf of Landlord or relied upon by Tenant, except as stated in the rider attached to this lease or in a separate work letter, if any, executed by Landlord and Tenant. 
 5. BUILDING SERVICES. 
 A. Basic Services. Landlord shall furnish the
following services: (I) heating and air conditioning to provide a temperature condition required, in Landlord’s judgement, for comfortable occupancy of the Premises under normal business operations, daily from 8:00 a.m. to 6:00 p.m.,
Saturdays, Sundays and holidays excepted; (ii) water for drinking, and, subject to Landlord’s approval, water at Tenant’s expense for any private rest rooms and office kitchen requested by Tenant; (iii) men’s and
women’s rest rooms at locations designated by Landlord, in common with other tenants of the Building; (iv) daily janitor service in the Premises and common areas of the Building, weekends and holidays excepted, including periodic outside
window washing of the perimeter window in the Premises; (v) passenger elevator service in common with Landlord and other tenants of the Building, 24 hours a day, 7 days a week; and (vi) snow and ice removal from parking lots and sidewalks.

 B. Electricity. Paid for by Landlord. 
 C. Telephones. Tenant shall arrange for telephone service directly with one or more of the public telephone companies servicing the Building and shall be solely responsible for paying for such
telephone service. If Landlord acquires ownership of the telephone cables in the Building at any time, Landlord shall permit Tenant to connect to such cables on such terms and conditions as Landlord may prescribe. In no event does Landlord make any
representation or warranty with respect to telephone service in the Building, and Landlord shall have no liability with respect thereto. 
 D. Additional Services. Landlord shall not be obligated to furnish any services other than those stated above. If Landlord elects to furnish services requested by Tenant in addition to those stated
above (including services at times other than those stated above), Tenant shall pay Landlord’s then prevailing charges for such services. If Tenant shall fail to make any such payment, Landlord may, without notice to Tenant and in addition to
all other remedies available to Landlord, discontinue any additional services. No discontinuance of any such service shall result in any liability of Landlord to Tenant or be considered as an eviction or a disturbance of Tenant’s use of the
Premises. In addition, if Tenant’s concentration of personnel or equipment adversely affects the temperature or humidity in the Premises or the Building, Landlord may install supplementary air conditioning units in the Premises, and Tenant
shall pay for the cost or installation and maintenance thereof. 
 E. Failure or Delay in Furnishing Services. Tenant
agrees that Landlord shall not be liable for damages for failure or delay in furnishing any service stated above if such failure or delay is caused, in whole or in part, by any one or more of the events stated in Section 25(j) below, nor shall
any such failure or delay be considered to be an eviction or disturbance of Tenant’s use of the Premises, or relieve Tenant from its obligation to pay any Rent when due 

  
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or from any other obligations or Tenant under this Lease. If the Landlord’s failure or delay in furnishing services not due to the events stated in Section 25(j) below materially and
adversely affects the use of the Premises by Tenant, Tenant’s obligation to pay Rent shall abate if such failure or delay is not corrected within seven (7) days. If the material effect \continues for 30 days or longer, Tenant may terminate
the Lease upon thirty (30) days notice. 
 6. RULES AND REGULATIONS. Tenant shall observe and comply, and shall cause its
subtenants, assignees, invitees, employees, contractors and agents to observe and comply, with the rules and regulations listed on Exhibit A attached hereto and with such reasonable modifications and additions thereto as Landlord may
make from time to time. Landlord shall not be liable for failure of any person to obey such rules and regulations. Landlord shall not be obligated to enforce such rules and regulations against any person, and the failure of Landlord to enforce any
such rules and regulations shall not constitute a waiver thereof or relive Tenant from compliance therewith. 
 7. CERTAIN RIGHTS RESERVED TO
LANDLORD. Landlord reserves the following rights, each of which Landlord may exercise without notice to Tenant and without liability to Tenant, and the exercise of any such rights shall not be deemed to constitute an eviction or disturbance of
Tenant’s use or possession of the Premises and shall not give rise to any claim for set-off or abatement of rent or any other claim: (a) to change the name or street address of the Building or the suite number of the Premises; (b) to
install, affix, and maintain any and all signs on the exterior or interior of the Building; (c) to make repairs, decorations, alterations, additions, or improvements, whether structural or otherwise, in and about the Building, and for such
purposes to enter upon the Premises, temporarily close doors, corridors and other areas in the Building and interrupt or temporarily suspend services or use of common areas, and Tenant agrees to pay Landlord for overtime and similar expenses
incurred if such work is done other than during ordinary business hours at Tenant’s request; (d) to retain at all times and to use in appropriate instances, keys to all doors within and into the Premises (e) to grant to any person or
to reserve unto itself the exclusive right to conduct any business or render any service in the Building, provided that this shall not be construed to authorize Landlord to prohibit Tenant from carrying on its current business or any other activity
permitted by this Lease; (f) to show or inspect the Premises at reasonable times and, if vacated or abandoned, to prepare the Premises for re-occupancy; (g) to install, use and maintain in and through the Premises pipes, conduits, wires
and ducts serving the Building, provided that such installation, use and maintenance does not unreasonably interfere with Tenant’s use of the Premises; and (h) to take any other reasonable action in connection with the operation,
maintenance or preservation of the Building. 
 8. MAINTENANCE AND REPAIRS. Tenant, at its expense, shall maintain and keep the Premises
in good order and repair at all times during the Term, subject to ordinary wear and tear. In addition, Tenant shall reimburse Landlord for the cost of any repairs to the Building necessitated by the acts or omissions of Tenant, its subtenants,
assignees, invitees, employees, contractors and agents, to the extent Landlord is not reimbursed for such costs under its insurance policies. Subject to the preceding sentence, Landlord at its expense shall perform any maintenance or make any
repairs to the Building as Landlord shall desire or deem necessary for the safety, operation or preservation of the Building, or as Landlord may be required or requested to do by the Village of Barrington or by the order or decree of any court or by
any other proper authority. 

  
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 9. ALTERATIONS. 
 A. Requirements. Tenant shall not make any replacement, alteration, improvement or addition to or removal from the Premises (collectively and “alteration”) without the prior written
consent of Landlord. In the event Tenant proposes to make any alteration, Tenant shall, prior to commencing such alteration, submit to Landlord for prior written approval: (I) detailed plans and specifications; (ii) sworn statements,
including the names, addresses and copies of contracts for all contractors; (iii) all necessary permits evidencing compliance with all applicable governmental rules, regulations and requirements; (iv) certificates of insurance in form and
amounts required by Landlord, naming Landlord and any other parties designated by Landlord as additional insiders; and (v) all other documents and information as Landlord may reasonably request in connection with such alteration. Tenant agrees
to pay Landlord’s standard charges for review of all such items and supervision of the alteration. Neither approval of the plans and specifications on or supervision of the alteration by Landlord shall constitute a representation of warranty by
Landlord as to the accuracy, adequacy, sufficiency or propriety of such plans and specifications or the quality of workmanship or the compliance of such alteration with applicable law. Tenant shall pay the entire cost of the alteration and, if
requested by Landlord, shall deposit with Landlord, prior to the commencement of the alteration, security for the payment and completion of the alteration in form and amount required by Landlord. Each alteration shall be performed in a good and
workmanlike manner, in accordance with the plans and specifications approved by Landlord, and shall meet or exceed the standards for construction and quality of materials established by Landlord for the Building. In addition, each alteration shall
be performed in compliance with all applicable governmental and insurance company laws, regulations and requirements. Each alteration shall be performed by union contractors if required by Landlord and in harmony with Landlord’s employees,
contractors and other tenants. Each alteration, whether temporary or permanent in character, made by Landlord or Tenant in or upon the Premises (excepting only Tenant’s furniture, equipment and trade fixtures) shall become Landlord’s
property and shall remain upon the Premises at the expiration or termination of this Lease without compensation to Tenant; provided, however, that Landlord may have the right to require Tenant to remove such alteration at Tenant’s
sole cost and expense in accordance with the provisions of Section 15 of this Lease. 
 B. Liens. Upon completion of
any alteration, Tenant shall promptly furnish Landlord with sworn owner’s and contractors’ statements and full and final waivers of lien covering all labor and materials included in such alteration. Tenant shall not permit any
mechanic’s lien to be filed against the Building, or any part thereof, arising out of any alteration performed, or alleged to have been performed, by or on behalf of Tenant. If any such lien is filed, Tenant shall within ten days thereafter
have such lien released of record or deliver to Landlord a bond in form, amount, and issued by a surety satisfactory to Landlord, indemnifying Landlord against all costs and liabilities resulting from such lien and the foreclosure or attempted
foreclosure thereof. If Tenant fails to have such lien so released or to deliver such bond to Landlord, Landlord, without investigating the validity of such lien, may pay or discharge the same; and Tenant shall reimburse Landlord upon demand for the
amount so paid by Landlord, including Landlord’s expenses and attorneys’ fees. 

  
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 10. INSURANCE. Tenant, at its expense, shall maintain at all times during the Term the following
insurance policies; (a) fire insurance, including extended coverage, vandalism, malicious mischief, sprinkler leakage and water damage coverage and demolition and debris removal, insuring the full replacement cost of all improvements,
alterations or additions to the Premises made at Tenant’s expense and all other property owned or used by Tenant and located in the Premises; (b) commercial general liability insurance, contractual liability insurance and property damage
insurance with respect to the Building and the Premises, with limits not less than $1,000,000 combined single limit for personal injury, sickness or death or for damage to or destruction of property for any one occurrence. All such policies shall be
issued by insurers acceptable to Landlord and licensed to do business in the State of Illinois and shall contain a waiver of any rights of subrogation thereunder to the extent such waiver is reasonably obtainable. In addition, the policies shall
name Landlord and any other parties in interest designated by Landlord as additional insureds, shall require at least thirty days’ prior written notice if reasonably obtainable to Landlord of termination or modification and shall be primary and
not contributory. Tenant shall, at least ten days prior to the Commencement Date, and within ten days prior to the expiration of each such policy, deliver to Landlord certificates evidencing the foregoing insurance or renewal thereof, as the case
may be. 
 11. WAIVER AND INDEMNITY. 
 A. Waiver. Tenant releases Landlord, Landlord’s beneficiaries and their respective agents and employees from, and waives all claims for, damage or injury to person or property and loss of
business sustained by Tenant and resulting from the Premises or any part thereof or any equipment therein becoming in disrepair, or resulting from any accident in or about the Premises, except to the extent caused by or resulting from the negligence
or intentionally wrongful act or intentionally wrongful omission of Landlord, Landlord’s agents or Landlord’s employees in the operation in maintenance of the Premises or the Building. This paragraph shall apply particularly, but not
exclusively, to flooding, damage caused by Building equipment and apparatus, water, snow, frost, steam, excessive heat or cold, broken glass, sewage, gas, odors, excessive noise or vibration or the bursting or leaking of pipes, plumbing fixtures or
sprinkler devises. Without limiting the generality of the foregoing, Tenant may have reasonable rights and claims of recovery against Landlord for any loss or damage to any property of Tenant, which loss or damage is insured against, or required to
be insured against, by Tenant pursuant to Section 10 above, wither or not such loss or damage is due to the fault or negligence of Landlord or such beneficiaries, agents or employees, and regardless of the amount of insurance proceeds collected
or collectible under any insurance policies in effect. 
 Landlord releases Tenant, Tenant’s beneficiaries and their
respective agents and employees from, and waives all claims for, damage or injury to person or property and loss of business sustained by Landlord and resulting from the premises or any part thereof or any equipment therein becoming in disrepair, or
resulting from any accident in or about the Premises, except to the extent caused by or resulting from the negligence or the intentionally wrongful act or intentionally wrongful omission of Tenant, Tenant’s agents or Tenant’s employees in
the operation in maintenance of the Premises or the Building. This paragraph shall apply particularly, but not exclusively, to flooding, damage caused by building equipment and apparatus, water, snow, frost, steam, excessive heat or cold, broken
glass, sewage, gas, odors, 

  
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excessive noise or vibration or the bursting or leaking of pipes, plumbing fixtures or sprinkler devices. Without limiting the generality of the foregoing, Landlord waives all claims and rights
of recovery against Tenant, Tenant’s beneficiaries and their respective agents and employees for any loss or damage to any property of Landlord, which loss or damage is insured against, or required to be insured against, by Landlord pursuant to
Section 10 above, whether or not such loss or damage is due to the fault or negligence of Tenant or such beneficiaries, agents or employees, and regardless of the amount of insurance proceeds collected or collectible under any insurance
policies in effect. 
 B. Indemnity by Tenant. Tenant agrees to indemnify, defend and hold harmless Landlord,
Landlord’s beneficiaries and their respective agents and employees, from and against any and all claims, demands, actions, liabilities, damages, costs and expenses (including reasonable attorney’s fees),arising from any activity, work, or
thing done permitted or suffered by Tenant in or about the Premises (including, without limitation, any alteration by Tenant) or from any breach or default on the part of Tenant in the performance of any covenant or agreement on the part of Tenant
to be performed under this Lease or due to any other act or omission of Tenant, its subtenants, assignees, invitees, employees, contractors and agents. Without limiting the foregoing, Tenant shall indemnify, defend and hold Landlord harmless from
any claims, liabilities, damages, costs and expenses arising out of the use or storage of hazardous or toxic materials in amounts in violation of applicable law in the Premises by Tenant. If any such proceeding is filed against Landlord or any such
indemnified party, Tenant agrees to defend Landlord or such party in such proceeding at Tenant’s sole cost. 
 C.
Indemnity by Landlord. Landlord agrees to indemnify, defend and hold harmless Tenant and Tenant’s agents and employees, officers, directors and shareholders from and against any and all claims, demands, actions, liabilities, damages,
costs and expenses (including attorneys’ fees), for injuries to any person or damages to or theft or misappropriation or loss of property occurring in and about the Building and arising from the management and/or operation of the Building by
the Landlord or from any activity, work or thing done, permitted or suffered by Landlord in and about the Building (including, without limitation, any alteration by Landlord) or from any breach or default on the part of Landlord in the performance
of any covenant or agreement on the part of Landlord to be performed under this Lease or due to any other act or omission of Landlord, its agents, assignees, invitees, employees, contractors and agents. Without limiting the foregoing, Landlord shall
indemnify, defend and hold Tenant harmless from any claims, liabilities or damages, costs and expenses arising out of the use or storage of hazardous or toxic materials in the Building by Landlord. If any such proceeding is filed against Tenant or
any such indemnified party, Landlord agrees to defend Tenant or such party in such proceedings at Landlord’s sole cost. 
 12. FIRE AND
CASUALTY. If all or a substantial part of the Premises or the Building is rendered untenantable by reason of fire or other casualty, Landlord may, at its option, either restore the Premises and the Building, or terminate this Lease effective as
of the date of such fire or other casualty. Landlord agrees to give Tenant written notice within thirty days after the occurrence of any such fire or other casualty designating whether Landlord elects to so restore or terminate this Lease. If
Landlord elects to terminate this Lease, Rent shall be paid through and apportioned as of the date of such fire or other casualty. If Landlord elects to restore, Landlord’s obligation to restore

  
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the Premises shall be limited to restoring those improvements in the Premises existing as of the date of such fire or other casualty which were made at Landlord’s expense and shall exclude
any furniture, equipment, fixtures, additions, alterations or improvements in or to the Premises which were made at Tenant’s expense. If Landlord elects to restore, Rent shall abate for that part of the Premises which is untenantable on a per
diem basis from the date of such fire or other casualty until Landlord has completed its repair and restoration work, provided that Tenant does not occupy such part of the Premises during said period. 

13. CONDEMNATION. If the Premises or the Building is rendered untenantable by reason of a condemnation (or by a deed given in lieu thereof), then
either party may terminate this Lease by giving written notice of termination to the other party within thirty days after such condemnation, in which event this Lease shall terminate effective as of the date of such condemnation. If this Lease so
terminates, Rent shall be paid through and apportioned as of the date of such condemnation. If such condemnation does not render the Premises or the Building untenantable, this Lease shall continue in effect and Landlord shall promptly restore the
portion not condemned to the extent reasonably possible to the condition existing prior to the condemnation. In such event, however Landlord shall not be required to expend an amount in excess of the proceeds received by Landlord from the condemning
authority. Landlord will provide reasonable compensation in the event the condemnation affects tenants space. Tenant shall make no claim against Landlord or the condemning authority for compensation for Termination of Tenant’s leasehold
interest under this Lease or interference with Tenant’s business. 
 14. ASSIGNMENT AND SUBLETTING. 

A. Landlord’s Consent. Tenant shall not, without the prior written consent of Landlord: (I) assign, convey, mortgage or
otherwise transfer this Lease or any interest hereunder or sublease the Premises, or any part thereof, whether voluntarily or by operation of law; or (ii) permit the use of the Premises by any person other than Tenant and its employees. Any
such transfer, sublease or use described in the preceding sentence (a “Transfer”) occurring without the prior written consent of Landlord shall be void and of no effect. Landlord’s consent to any Transfer shall not constitute a waiver
of Landlord’s right to withhold its consent to any future transfer. Landlord’s consent to any Transfer or acceptance of rent from any party other than Tenant shall not release Tenant from any covenant or obligation under this Lease.
Landlord may require as a condition to its consent to any assignment of this Lease that the assignee execute an instrument in which such assignee assumes the obligations of Tenant hereunder. For the purposes of this paragraph, the transfer (whether
direct or indirect) of all or a majority of the capital stock in a corporate Tenant (other than the shares of the capital stock of a corporation Tenant whose stock is publicly traded) or the merger, consolidation or reorganization of such Tenant and
the transfer of all or any general partnership interest in any partnership Tenant shall be considered a Transfer. 
 B.
Standards for Consent. If Tenant desires the consent of Landlord to a Transfer, Tenant shall submit to Landlord, at least sixty days prior to the proposed effective date of the Transfer, a written notice which includes such information as
Landlord may require about the proposed Transfer and the transferee. If Landlord does not terminate this Lease, in whole or in part, pursuant to Section 14 (c), Landlord shall not unreasonably withhold its consent to any assignment or sublease.
Landlord shall not be deemed to have unreasonably withheld its 

  
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consent if, in the judgement of Landlord: (I) the transferee is of a character or engaged in a business which is not in keeping with the standards or criteria used by Landlord in leasing the
Building; (ii) the financial condition of the transferee is such that it may not be able to perform its obligations in connection with this Lease; (iii) the purpose for which the transferee intends to use the Premises or portion thereof is
in violation of the terms of this Lease or the lease of any other tenant in the Building; (iv) the transferee is a tenant of the Building; or (v) any other reasonable bases which Landlord deems appropriate. If Landlord wrongfully withholds
its consent to any transfer, Tenants sole and exclusive remedy therefore shall be to seek specific performance of Landlord’s obligation to consent such transfer. 
 C. Recapture. Landlord shall have the right to terminate this Lease as to that portion of the Premises covered by a Transfer. Landlord may exercise such right to terminate by giving notice to
Tenant at any time within thirty days after the date on which Tenant has furnished to Landlord all of the items required under Section 14 (b) above. If Landlord exercises such right to terminate, Landlord shall be entitled to recover
possession of, and Tenant shall surrender such portion of, the Premises (with appropriate demising partitions erected at the expense of Tenant) on the later of (I) the effective date of the proposed Transfer, or (ii) sixty days after the
date of Landlord’s notice of termination. In the event Landlord exercises such right to terminate, Landlord shall have the right to enter into a lease with the proposed transferee without incurring any liability to Tenant on account thereof. If
Landlord consents to any Transfer. Tenant shall pay to Landlord all rent and other consideration received by Tenant in excess of the Rent paid by Tenant hereunder for the portion of the Premises so transferred. Such rent shall be paid as and when
received by Tenant. In addition, Tenant shall pay to Landlord reasonable attorneys’ fees and expenses incurred by Landlord in connection with any proposed Transfer, whether or not Landlord consents to such Transfer. 

15. SURRENDER. Upon termination of the Term or Tenant’s right to possession of the Premises, Tenant shall return the Premises to Landlord in
good order and condition, ordinary wear and damage by fire or other casualty excepted. If Landlord requires Tenant to remove any alterations pursuant to Section 9, then such removal shall be done in a good and workmanlike manner; and upon such
removal Tenant shall restore the Premises to its condition prior to the installation of such alterations after request to do so by Landlord, Landlord may remove the same and restore the Premises, and Tenant shall pay the cost of such removal and
restoration to Landlord upon demand. Tenant shall also remove its furniture, equipment, trade fixtures and all other items of personal property from the Premises prior to termination of the Term or Tenant’s right to possession of the Premises.
If Tenant does not remove such items, Tenant shall be conclusively presumed to have conveyed the same to Landlord without further payment or credit by Landlord to Tenant; or at Landlord’s sole option such items shall be deemed abandoned, in
which event Landlord may cause such items to be removed and disposed of at Tenant’s expense without notice to Tenant and without obligation to compensate Tenant. 
 16. DEFAULTS AND REMEDIES. 
 A. Default. The occurrence of any of the
following shall constitute a default (a “Default”) by Tenant under this Lease: 

  
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 (i) Tenant fails to pay any Rent when due and such failure is not cured within five days
after notice from Landlord (which notice may be in the form of a Landlord statutory five-day notice); 
 (ii) Tenant fails to
perform any other provision of this Lease and such failure is not cured within thirty days (or immediately if the failure involves a hazardous condition) after notice from Landlord; 

(iii) The leasehold interest of Tenant is levied upon or attached under process of law; 

(iv) Tenant or any guarantor of this Lease dies or dissolves, provided, in the case of dissolution of the Tenant, Tenant shall have the
right to reinstate within 90 days; 
 (v) Tenant or any guarantor of this Lease sells or otherwise transfers a material portion
of its assets, tangible or intangible, including customer lists, trade secrets, or any other property material to the conduct of Tenant’s business otherwise than in the ordinary course of business, to any person without the prior written
consent of Landlord which will not be unreasonably withheld. 
 (vi) Tenant abandons or vacates the Premises; or 

(vii) Any voluntary or involuntary proceedings are filed by or against Tenant or any guarantor of this Lease under any bankruptcy,
insolvency or similar laws and, in the case of any involuntary proceedings, are not dismissed within 45 days after filing. 
 B.
Right of Re-Entry. Upon the occurrence of a Default, Landlord may elect to terminate this Lease, or, without terminating this Lease, terminate Tenant’s right to possession of the Premises. Upon any such termination, Tenant shall
immediately surrender and vacate the Premises and deliver possession thereof to Landlord. Tenant grants to Landlord the right to enter and repossess the Premises and to expel Tenant and any others who may be occupying the Premises and to remove any
and all property therefrom, without being deemed in any manner guilty of trespass and without relinquishing Landlord’s rights to Rent or any other right given to Landlord hereunder or by operation of law. 

C. Reletting. If Landlord terminates Tenant’s right to possession of the Premises without terminating this Lease, Landlord
must, subject to the provisions of the succeeding sentence, attempt to relet the Premises or any part thereof. In such case, Landlord shall use reasonable efforts to relet the Premises on such terms as Landlord shall reasonably deem appropriate;
provided, however, Landlord may first lease Landlord’s other available space and shall not be required to accept any tenant offered by Tenant or to observe any instructions given by Tenant about such reletting. Tenant shall reimburse Landlord
for the reasonable costs and expenses of reletting the Premises. In addition, if the consideration collected by Landlord upon any such reletting, after payment of the expenses of reletting the Premises which have not been reimbursed by Tenant, is
insufficient to pay monthly the full amount of the Rent, Tenant shall pay to Landlord the amount of each monthly deficiency as it becomes due. If such consideration is greater than the amount necessary to pay the full

  
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amount of the Rent, the full amount of such excess shall be retained by the tenant and shall in no event be payable to Landlord. 

D. Termination of Lease. If Landlord terminates this Lease other than pursuant to Section 14 C hereof, Landlord may recover
from Tenant and Tenant shall pay to Landlord, on demand, as and for liquidated and final damages, and accelerated lump sum amount equal to the amount by which Landlord’s estimate of the aggregate amount of rent owing from the date of such
termination through the expiration date plus Landlord’s estimate of the aggregate expenses of reletting the Premises, exceeds Landlord’s estimate of the fair rental value of the Premises for the same period (after deducing from such fair
rental value the time needed to relet the Premises and the amount of concessions which would normally be given to a new tenant) both discounted to present value at the rate most recently announced by the First National Bank of Chicago as its prime
rate and shall be mitigated thereto. 
 E. Other Remedies. Landlord may but shall not be obligated to perform any
obligation of Tenant under this Lease; and, if Landlord so elects, all costs and expenses paid by Landlord in forming such obligation, together with interest at the Default Rate, shall be reimbursed by Tenant to Landlord on demand. Any and all
remedies set forth in this Lease; (I) shall be in addition to any and all other remedies Landlord may have at law or in equity, (ii) shall be cumulative, and (iii) may be pursued successively or concurrently as Landlord may elect. The
exercise of any remedy by Landlord shall not be deemed an election of remedies or preclude Landlord from exercising any other remedies in the future. 
 F. Bankruptcy. If Tenant becomes bankrupt, the bankruptcy trustee shall not have the right to assume or assign this lease unless the trustee complies with all requirements of the United States
Bankruptcy Code; and Landlord expressly reserves all of its rights, claims and remedies thereunder. 
 G. Waiver of Trial by
Jury. Landlord and Tenant waive trial by jury in the event of any action, proceeding or counter claim brought by either Landlord or Tenant against the other in connection with this lease. 

H. Venue. If either Landlord or Tenant desires to bring an action against the other in connection with this Lease, such action
shall be brought in the federal or state courts located in Cook County, Illinois. Landlord and Tenant consent to the jurisdiction of such courts and waive any right to have such action transferred from such courts on the grounds of improper venue or
inconvenient forum. 
 17. HOLDING OVER. If Tenant retains possession of the Premises after the expiration or termination of the Term of
Tenant’s right to possession of the Premises, Tenant shall pay Rent during such holding over at 150% the rate in effect immediately preceding such holding over computed on a monthly basis for each month or partial month that Tenant remains in
possession. Tenant shall also pay, indemnify and defend Landlord from and against all claims and damages, consequential as well as direct, sustained by reason of Tenant’s holding over. In addition, within 60 days after expiration or termination
of the Term or Tenant’s right to possession of the Premises (provided in each case that Tenant remains in possession), Landlord may elect instead, by written notice to Tenant and not otherwise, to have such retention of possession constitute a
renewal of this 

  
 -11-

 
Lease for one year from the fair market rental value of the Premises as reasonably determined by Landlord but in no event less than the Rent payable immediately prior to such holding over. The
provisions of this Section do not waive Landlord’s right of re-entry or right to regain possession by actions at law or in equity or any other rights hereunder, and any receipt of a payment by Landlord shall not be deemed a consent by Landlord
to Tenant’s remaining in possession or be construed as creating or renewing any lease or right of tenancy between Landlord and Tenant. 

18. SECURITY DEPOSIT. Upon execution of this Lease, Tenant shall deposit the security deposit set forth in Item 8 of the Schedule (the
“Security Deposit”) with Landlord as security for the performance of Tenant’s obligations under this Lease. Upon the occurrence of a Default, Landlord may use all or any part of the Security Deposit for the payment of any Rent or for
the payment of any amount which Landlord may pay or become obligated to pay by reason on such Default, or to compensate Landlord for any loss or damage which Landlord may suffer by reason of such Default. If any portion of the Security Deposit is
used, Tenant shall within five days after written demand therefore deposit cash with Landlord in an amount sufficient to restore the Security Deposit to its original amount. Landlord shall not be required to keep the Security Deposit separate from
its general funds, and Tenant shall not be entitled to interest on the Security Deposit. In no event shall the Security Deposit be considered an advanced payment of rent, and in no event shall Tenant be entitled to use the Security Deposit for the
payment of Rent. If no default by Tenant exists hereunder, the Security Deposit or any balance thereof shall be returned to Tenant within thirty days after the expiration of the Term and vacation of the Premises by Tenant. Landlord shall have the
right to transfer the Security Deposit to any purchaser of the Building. Upon such transfer, Tenant shall look solely to such purchaser for return of the Security Deposit, and Landlord shall be relieved of any liability with respect to the Security
Deposit. 
 19. SUBSTITUTION OF OTHER PREMISES. Not applicable. 
 20. ESTOPPEL CERTIFICATE. Tenant agrees that, from time to time upon not less than ten days’ prior request by Landlord, Tenant shall execute and deliver to Landlord a written certificate
certifying: (I) that this Lease is unmodified and in full force and effective (or if there have been modifications, a description of such modifications and that this Lease as modified is in full force and effect); (ii) the dates to which
Rent has been paid; (iii) that Tenant is in possession of the Premises, if that is the case; (iv) that Landlord is not in default under this Lease, or, if Tenant believes Landlord is in default, the nature thereof in detail; (v) that
Tenant has no off-sets or defenses to the performance of its obligations under this Lease (or if Tenant believes there are any off-sets or defenses, a full and complete explanation thereof); and (vi) such additional matters as may be reasonably
requested by Landlord, it being agreed that such certificate may be relied upon by any prospective purchaser, mortgagee, or other person having or acquiring an interest in the Building. If Tenant fails to execute and deliver any such certificate
within ten days after written request, Tenant shall be deemed to have irrevocably appointed Landlord and Landlord’s beneficiaries as Tenant’s attorneys- in- fact to execute and deliver such certificate in Tenant’s name. 

21. SUBORDINATION. Tenant acknowledges that the Building and Premises are expressly subject to the lien of a Mortgage and Loan Agreement, dated as
of January 15, 2001 (the “Mortgage”), between Landlord, as mortgagor, and Mid North Financial, as mortgagee. If any such mortgage (including the Mortgage) upon request of the mortgagee or holder, as the case may be, Tenant will attorn
to the purchaser at the foreclosure sale. The foregoing provisions are declared to 

  
 -12-

 
be self-operative and no further instruments shall be required to effect such subordination and/or attornment; provided, however, that Tenant agrees upon request by such mortgagee, holder or
purchaser at foreclosure, to execute and deliver such subordination and/or attornment. If Tenant fails to execute and deliver any such instrument within ten days after request, Tenant shall be deemed to have irrevocably appointed Landlord as
Tenant’s attorneys-in-fact to execute and deliver such instrument in Tenant’s name. 
 22. QUIET ENJOYMENT. As long as no
Default exists, Tenant shall peacefully and quietly have and enjoy the Premises for the Term, free from interference by Landlord, subject, however, to the provisions of this Lease. The loss or reduction of Tenant’s natural light or view will
not be deemed a disturbance of Tenant’s occupancy of the Premises nor will it affect Tenant’s obligations under this Lease or create any liability of Landlord to Tenant. 
 23. BROKER. Tenant represents to Landlord that Tenant has dealt only with the broker set forth in Item 9 of the Schedule (the “Broker”) in connection with this Lease and that,
insofar as Tenant knows, no other broker negotiated this Lease or is entitled to any commission in connection herewith. Tenant agrees to indemnify, defend and hold Landlord and Landlord’s beneficiaries and agents harmless from and against any
claims for a fee or commission made by any broker, other than the Broker, claiming to have acted by or on behalf of Tenant in connection with this Lease. Landlord agrees to pay the Broker a commission in accordance with a separate agreement between
Landlord and the Broker. 
 24. NOTICES. Each notice, consent, request or other communication required or permitted by this Lease shall
be in writing and shall be deemed “given” to a party on the first to occur of any of the following: (I) when delivered by hand to such party, (ii) when sent by “facsimile” to such party to the fax telephone number
below, (iii) on the third business day after deposit in the U.S. Mail, postage prepaid and certified, addressed to the party to whom it is to be given at the address set forth below or (iv) on the first business day after proper and timely
deposit, charges prepaid, with a nationally recognized next-day delivery service providing next-day service to the location of the recipient, addressed to such party at the address set forth below: 

 

			
	If to Landlord:
		
		 	 The Welsh Office Center LLC

1250 S. Grove Avenue #200
 Barrington, IL
60010

  

			
	If to Tenant:
		
		 	 Ubiquiti Networks
 91 East
Tasman Drive
 San Jose, CA 95134

 25. MISCELLANEOUS. 
 A. Successors and Assigns. Subject to
Section 14 of this Lease, each provision of this Lease shall extend to, bind and inure to the benefit of Landlord and Tenant and their respective legal representatives, successors and assigns; and all references herein to Landlord and Tenant
shall be deemed to include all such parties. 

  
 -13-

 B. Entire Agreement. This Lease, and the riders and exhibits, if any, attached
hereto which are hereby made a part of this Lease, represent the complete agreement between Landlord and Tenant; and Landlord has made no representations or warranties except as expressly set forth in this Lease. No modification or amendment of or
waiver under this Lease shall be binding upon Landlord or Tenant unless in writing signed by Landlord and Tenant. Without limiting the generality of the foregoing, the parties hereto specifically acknowledge and agree that any lease executed by
Landlord and Tenant or any of their predecessors, successors or assigns, which pertains to any other portion of the Building shall, on the Commencement Date, be validly terminated. 

C. Time of Essence. Time is of the essence of this Lease and each and all of its provisions. 

D. Execution and Delivery. Submission of this instrument for examination or signature by Tenant does not constitute a reservation
of space or an option for lease, and it is not effective until execution and delivery by both Landlord and Tenant. Execution and delivery of this Lease by Tenant to Landlord shall constitute an irrevocable offer by Tenant to lease the Premises on
the terms and conditions set forth herein, which offer may not be revoked for five business days after such delivery. 
 E.
Severability. The invalidity or unenforceability of any provision of this Lease shall not affect or impair any other provisions. 
 F. Governing Law. This Lease shall be governed by and construed in accordance with the laws of the State of Illinois. 
 G. Attorney’s Fees. If any action or actions are commenced for the breach of any covenants or conditions of this Lease, or for any Rent, or for any other action arising out of this Lease, or
for the possession of said Premises, or if Landlord or Tenant necessarily intervenes in, or becomes a party to, or is made a party to, any action or actions accruing out of this Lease in order to protect its rights, then the losing party will pay to
the prevailing party reasonable attorneys’ fees and costs in such action or actions. 
 H. Delay in Possession. In no
event shall Landlord be liable to Tenant if Landlord is unable to deliver possession of the Premises to Tenant on the Commencement Date for causes outside Landlord’s reasonable control. If Landlord is unable to deliver possession of the
premises to Tenant by the Commencement Date, the Commencement Date, and the Tenant’s obligation to pay rent hereunder, shall be deferred until Landlord can deliver possession to Tenant, and the Expiration Date shall be deferred for an equal
number of days. If Landlord, for any reason whatsoever, cannot deliver possession of the Premises to Tenant within thirty (30) days after the Commencement Date, Tenant may terminate this Lease and neither party shall have any further rights or
obligations under this Lease. In the event there is a delay in Possession Landlord will provide temporary office space to tenant at no cost to tenant. 
 I. Joint and Several Liability. If Tenant is comprised of more than one party, each such party shall be jointly and severally liable for Tenant’s obligations under this lease. 

  
 -14-

 J. Force Majeure. Landlord shall not be in default hereunder and Tenant shall not be
excused from performing any of its obligations hereunder if Landlord is prevented from performing any of its obligations hereunder due to any accident, breakage, strike, industry-wide shortage of materials, acts of God or other causes beyond
Landlord’s reasonable control. 
 K. Demolition or Renovation. Landlord shall have the right to terminate this Lease
upon 180 days’ prior notice to Tenant if Landlord intends to substantially renovate or demolish the Building or a substantial part thereof. Landlord will absorb all reasonable costs to lease substantially similar space for the duration of the
lease period left on the original lease less the remaining lease payments per this agreement. 
 L. Captions. The headings
and titles in this Lease are for convenience only and shall have no effect upon the construction or interpretation of this Lease. 
 M. No Waiver. No provision of this Lease will be deemed waived by either party unless it is expressly waived in writing signed by the waiving party. No waivers shall be implied by delay or any
other act or omission by either party. No waiver by either party of any provision of this Lease shall be deemed a waiver of such provision with respect to a subsequent matter relating to such provision and such party’s consent or approval
respecting any action by the other party shall not constitute a waiver of the requirement for obtaining such party’s consent or approval respecting any such subsequent action. Acceptance of Rent by Landlord shall not constitute a waiver of any
breach by Tenant of any term or provision of this Lease. 
 N. No Recording. Tenant shall not record this Lease or a
memorandum of this Lease in any official records. 
 O. Limitation of Liability. Any liability of Landlord under this
Lease shall be limited solely to its interest in the Building, and in no event shall any personal liability be asserted against Landlord in connection with this Lease nor shall any recourse be had to any other property or assets of Landlord.

  
 -15-

 IN WITNESS WHEREOF, Landlord and Tenant have executed this Lease as of the day and year
written below. 
  

			
	The Welsh Office Center, LLC., Landlord
		
	By:	 	/s/ Donald Crotty
		 	Donald Crotty, Managing Member
		
	Date:	 	7-14-2010

  

			
	UBiQUiTi Networks
		
	By:	 	/s/ John Ritchie
	Title:	 	CFO
		
	Date:	 	7/13/2010

 TENANT IMPROVEMENTS COMPLETED BY
LANDLORD 
  

	 	•	 	 Re-Paint entire suite and clean carpet in east office area 

 

	 	•	 	 Remove section of demising wall to allow access into both suites 

 

	 	•	 	 Construct 5 new offices in East office area as discussed 

 

	 	•	 	 Reduce size of the kitchen area and increase the size of the conference room area as discussed 

 

	 	•	 	 Remove offices in west office area and retain data room and office directly to the west of the data room 

 

	 	•	 	 Replace any stained ceiling tiles throughout suite 

  
 -16-

 EXHIBIT A 
 Rules and Regulations 
 1. Tenant shall not make any room-to-room canvas to solicit business from
other tenants in the Building and shall not exhibit, sell or offer to sell, use, rent or exchange any item or service in or from the Premises unless ordinarily included within Tenant’s use of the Premises as specified in the Lease, except as
approved by Landlord in writing. Such approval shall not be unreasonably withheld or delays. 
 2. Tenant shall not make any use of the Premise
which may be dangerous to person or property or which shall increase the cost of insurance or require additional insurance coverage. 
 3.
Tenant shall not paint, display, inscribe or affix any sign, picture, advertisement, notice, lettering or direction or install any lights on any part of the outside or inside of the Building, other than the Premises, and then not on any part of the
inside of the Premises which can be seen from outside the Premises, except as approved by Landlord in writing. 
 4. Tenant shall not use the
name of the Building in advertising or other publicity, except as the address of its business, and shall not use pictures of the Building in advertising or publicity. 
 5. Tenant shall not obstruct or place objects on or in sidewalks, entrances, passages, courts, corridors, vestibules, halls, elevators and stairways in and about the building. Tenant shall not place
objects against glass partitions or doors or windows or adjacent to any open common space which would be unsightly from the Building corridors or from the exterior of the Building. 
 6. Bicycles shall not be permitted in the Building other than in locations designated by Landlord. 

7. Tenant shall not allow any animals, other than seeing eye dogs, in the Premises or the Building. 

8. Tenant shall not disturb other tenants or make excessive noises, cause disturbances, create excessive vibrations, odors or noxious fumes or use or
operate any electrical or electronic devices or other devices that emit excessive sound waves or are dangerous to other tenants of the Building or that would interfere with the operation of any device or equipment or radio or television broadcasting
or reception from or within the Building or elsewhere, and shall not place or install any projections, antennae, aerials, or similar devices outside of the Building or the Premises. 
 9. Tenant shall not waste electricity or water and shall cooperate fully with Landlord to assure the most effective operation of the Building’s heating and air conditioning and shall refrain from
attempting to adjust any controls except for the thermostats within the Premises. Tenant shall keep all doors to the Premises closed. 
 10.
Unless Tenant installs new doors to the Premises, Landlord shall furnish two sets of keys for all doors to the Premises at the commencement of the Term. Tenant shall furnish Landlord with duplicate keys for any new or additional locks on doors
installed by Tenant. When the Lease is terminated, Tenant shall deliver all keys to Landlord and will provide to Landlord the means of opening any safes, cabinets or vaults left in the Premises. 

  
 -17-

 11. Except as otherwise provided in the Lease, Tenant shall not install any signal, communication, alarm or
other utility or service system or equipment without the prior written consent of Landlord, which consent shall not be unreasonably withheld or delayed. 
 12. Tenant shall not use any draperies or other window coverings instead of or in addition to the Building standard window coverings designated and approved by Landlord for exclusive use throughout the
Building. 
 13. Landlord may require that all persons who enter or leave the Building identify themselves to watchmen, by registration or
otherwise. Landlord, however, shall have no responsibility or liability for any theft, robbery or other crime in the Building. Tenant shall assume full responsibility for protecting the Premises, including keeping all doors to the Premises locked
after the close of business. 
 14. Tenant shall not overload floors; and Tenant shall obtain Landlord’s prior written approval as to size,
maximum weight, routing and location of business machines, safes and other heavy objects. Tenant shall not install or operate machinery or any mechanical devices of a nature not directly related to Tenant’s ordinary use of the Premises.

 15. In no event shall Tenant bring into the Building inflammables such as gasoline, kerosene, naphtha and benzene, or explosives or firearms
or any other articles of an intrinsically dangerous nature. 
 16. Furniture, equipment and other large articles may be brought into the
Building only at the time and in the manner designated by Landlord. Tenant shall furnish Landlord with a list of furniture, equipment and other large articles which are to be removed from the Building, and Landlord may require permits before
allowing anything to be moved in or out of the Building. Movements of Tenant’s property into or out of the Building and within the Building are entirely at the risk and responsibility of Tenant. 

17. No person or contractor, unless approved in advance by Landlord, shall be employed to do janitorial work, interior window washing, cleaning,
decorating or similar services in the Premises. 
 18. Tenant shall not use the Premises for lodging, cooking (except for microwave reheating
and coffee makers) or manufacturing or selling any alcohol beverages or for any illegal purposes. 
 19. Tenant shall comply with all safety,
fire protection and evacuation procedures and regulations established by Landlord or any governmental agency. 
 20. Tenant shall cooperate and
participate in all reasonable security programs affecting the Building. 
 21. Tenant shall not loiter, eat, drink, sit or lie in the lobby or
other public areas in the Building. Tenant shall not go onto the roof of the Building or any other non-public areas of the Building (except the Premises), and Landlord reserves the rights to control the public and non-public areas of the Building.
In no event shall Tenant have access to any electrical, telephone, plumbing or other mechanical closets without Landlord’s prior written consent. 

  
 -18-

 22. Tenant shall not use the freight or passenger elevators, loading docks or receiving areas of the
Building except in accordance with regulations for their use established by Landlord. 
 23. Tenant shall not dispose of any foreign substances
in the toilets, urinals, sinks or other washroom facilities, nor shall Tenant permit such items to be used other than for their intended purposes; and Tenant shall be liable for all damage as a result of a violation of this rule. 

24. If Tenant designates non-smoking areas in the Premises, Tenant shall also designate sufficient smoking areas in the Premises for its employees, and
in no event shall Tenant allow its employees to use the public areas of the Building and smoking areas. 

  
 -19-Amended Technology License Agreement - Atheros Communications, Inc.

 Exhibit 10.12 
 Confidential Treatment Requested by Ubiquiti Networks, Inc. 
 AMENDED
TECHNOLOGY LICENSE AGREEMENT 
  

			
	  
 Atheros Communications, Inc.
  
	 	  

Ubiquiti Networks, Inc.
  

	 By:   /s/ Rick Hegberg
  
	 	
By:   /s/ John Ritchie
  

	
Name:   Rick Hegberg
  
	 	 Name:  John Ritchie

 

	
Title:  Vice President of Sales
  
	 	 Title:  CFO

 

	
Date:  9/24/2010
  
	 	 Date:  9/27/2010

 

	 Principal Place
of Business:
      5480 Great America Parkway

     Santa Clara, CA 95054

 
	 	 Principal Place of Business:

     91 E. Tasman Drive
      San Jose, CA 95134
  

	 
	 Date of this Amended Agreement: September 1, 2010 (“Effective Date”);

 

 

 This Amended Technology License Agreement (together with its Exhibits and Attachments:
“License” or “Agreement”) is made and entered into as of September 1, 2010 by and between Atheros Communications, Inc. (“Atheros” or “we” or “us”), and the
licensee identified above (“Licensee” or “you”), and replaces the Technology License Agreement between the parties with an effective date of September 1, 2010 (“Effective Date”), including all
Exhibits attached thereto, and all other agreements between the parties, effective on or after the Effective Date, regarding the purchase or sale of Atheros components. The parties, intending to be legally bound, agree as follows: 

 

	1.	DEFINITIONS 

“Atheros Competitor” means a person or entity that designs, develops, manufactures or markets any integrated circuit,
device or software that provides baseband, media access control (MAC-layer) or radio-frequency front-end functionality for wireless communications using unlicensed radio spectrum. 

“Component” means a semiconductor product sold under an Atheros label or manufactured under license from Atheros.

 “Designated Equipment” means equipment that incorporates one or more Components. 

“Development Hardware” means Components and boards listed on the price list in Exhibit A, or on our then-current
Development Hardware price list: (i) that are purchased by you directly from us for use solely in developing Designated Equipment and Your Software,

 and (ii) that will not be resold, either on a stand-alone basis or in or with other
equipment. 
 “Effective Date” is defined in the preamble above. 

“Excluded Code” means files and groups or files that are governed by a separate (e.g., signed or click-wrapped terms,
or terms provided within the file itself and acknowledged through use of the file) license agreement. Software licensed by you under the GPL, BSD or other open source licenses is Excluded Code unless agreed by us otherwise in writing. 

“Intellectual Property Rights” means patents, trademarks, tradenames, service marks, mask works, copyrights, and
applications for any of the foregoing, know-how, confidential information, trade secrets and any other similar rights throughout the world. 
 “License Term” means: (i) for the Modules listed in Exhibit A, for all other Modules that you acquire from Atheros during the Term and for which you are not required to pay a
separate license fee, and for Updates to the foregoing Modules: the Term; and (ii) for Modules and Upgrades for which you pay us a separate license fee, and for Updates to such Modules and Upgrades: the initial term (“Initial License
Term”) of such license specified by us at the time of such purchase, and any Renewal License Term of that license. 

Each Initial License Term will automatically renew, without an additional license fee, for successive one year periods (each: a
“Renewal License Term”), until and unless one of the parties provides the other a notice of non-renewal at least 90 days prior to the end of a then-current License Term.

 

  
  

CONFIDENTIAL 

			
	Version 3.1 – Approved Jan. 1, 2006, Amended 2-20-10	  	Page 1 of 20

  

Confidential Treatment Requested by Ubiquiti Networks, Inc. 
 AMENDED TECHNOLOGY LICENSE AGREEMENT 
  

 “Licensed Technology” means each and all of the following provided to
you during the Term: (i) Reference Designs, (ii) Our Software, (iii) the Technical Documentation, and (iv) Atheros end user documentation. 
 “Module” means each and all of the following: (i) the software file or group of files listed in Section 6 of Exhibit A, and (ii) any different software file or group
of files (excluding Reference Designs) that you download, with authorization, from an Atheros server or that Atheros otherwise provides to you during the Term. “Module” excludes and does not mean Excluded Code. 

“Object Code” means an object or binary (machine-readable) version of an item of Our Software or Your Software.

 “Our Software” means each and all of the following: (i) a Module, (ii) an Update obtained from us
during a Support Term for which you have paid the applicable fees pursuant to Section 8.3 (Renewal, Support Fees), (iii) an Upgrade for which you pay a separate license fee to us, and that is not governed by a separate written (e.g. signed
or click-wrap) license agreement. 
 “Reference Design” means the Gerber files and other computer code
provided to you by Atheros during the Term that provide a reference design for boards incorporating a Component. 

“Source Code” means the source (human readable) version of an item of Our Software or Your Software. 

“Support Term” means the first year of the Initial Term designated on Exhibit A, and each annual extension of that
Support Term for which the requisite annual support fee has been paid. 
 “Technical Documentation” means
documentation, of Our Software or of a Reference Design, that we provide to you during the Term, other than end user documentation of Our Software. 
 “Term” means the Initial Term designated on Exhibit A, and any Renewal Term. The Initial Term will automatically renew, without an additional license fee, for successive one year
periods (each: a “Renewal Term”), until and unless one of the parties provides the other a notice of non-renewal at least 90 days prior to the end of a then-current Term. 

“Update” means a version of a Module (released after the date you first obtain the Module) that we make generally
available during the License Term of that Module, without additional charge, to all customers that have purchased support services from us. 

 

 “Upgrade” means a version of a Module (released after the date you first
obtain the Module) that we make available during the License Term of that Module, and that is not an Update. 
 “Your
Documentation” means any documentation, of Our Software or Your Software, supplied by you to your customers. 

“Your Software” means each and all of the following: (i) any change to Our Software developed by or for you under
this License, and (ii) other software developed by or for you under this License using any application programming interfaces in Our Software. 
  

	2.	PERMITTED USES AND RESTRICTIONS. 

 2.1.  General. Our Software and Reference Designs are licensed, not sold, to you, for use only as permitted by this License. We reserve all rights not expressly granted to you. The rights
granted below are non-exclusive, and are limited to our and our licensors’ Intellectual Property Rights in Our Software and Reference Designs. 
 2.2.  Grant. Subject to the terms and conditions of this License: 
 2.2.1.  Source Code. During the License Term of a Module, you may; 
    (i) use, copy and modify the Source Code of that Module, solely to develop Your Software for use in or with Designated Equipment, to generate Object Code of Our Software for use as
permitted in Section 2.2.2 (Object Code), and to develop Designated Equipment; 
    (ii)
use, copy and modify the Source Code of Your Software that was developed pursuant to clause (i) above to generate Object Code of Your Software for use as permitted in Section 2.2.2 (Object Code), and to develop Designated Equipment; and

    (iii) sublicense your rights under (i) and (ii) to a person or entity that is
not an Atheros Competitor (a “contractor”) solely to enable the contractor to perform development services solely for you, provided the contractor agrees in writing to: (a) abide by all the provisions of this License applicable
to such Source Code, including restrictions on the disclosure and use of the code, and (b) return to you or destroy all copies of any provided Source Code. You will be responsible for ensuring the contractor’s compliance with that
agreement and agree to enforce such terms in a manner similar to that which you use to protect your own source code and most confidential information. 
 2.2.2.  Object Code. During the License Term of a Module, you may: (i) use, copy, modify and

 

  
  

CONFIDENTIAL 

			
	Version 3.1 – Approved Jan. 1, 2006, Amended 2-20-10	  	Page 2 of 20

  

Confidential Treatment Requested by Ubiquiti Networks, Inc. 
 AMENDED TECHNOLOGY LICENSE AGREEMENT 
  

 
incorporate into the Object Code of that Module, and of Your Software developed using that Module or developed for use with that Module, as firmware, within a software development kit, or when
embedded in Designated Equipment or as a driver of a Component, and (ii) manufacture, have manufactured, import, offer to sell and sell (directly and indirectly) Designated Equipment incorporating such Object Code. You may sublicense the rights
under (i) only to end users of the Designated Equipment, firmware or software development kit, pursuant to a binding software license agreement meeting the requirements set forth in Exhibit B. 

2.2.3.  Reference Designs. During the Term, you may use, copy and modify the Reference Designs
solely to develop, manufacture and have manufactured, and support, Designated Equipment. 

2.2.4.  Documentation Branding. During the Term, you may: 

   (i) use and copy Technical Documentation solely in connection with the development, manufacture and
support of Designated Equipment; and 
    (ii) subject to the requirements of this
Section 2.2.4 (Documentation, Branding), modify the Atheros end user documentation we supply to you by incorporating all or any portion of it into Your Documentation, and distribute (directly and indirectly) Your Documentation to purchasers of
Designated Equipment. 
    Other than to list a Component as an ingredient of Designated
Equipment, Your Documentation and Designated Equipment may not be branded with our name or brand without our prior written permission. You must delete from Your Documentation all references to Atheros being the contact for technical support. You may
use a third-party fulfillment house to produce Your Documentation, provided you are responsible for ensuring such third party’s compliance with the terms of this License. 

2.3.  No Open Source. In your exercise of the rights granted under this License, you will not take any action or enter
any agreement that would result in any contractual requirement that we or you make available to a third party any of the Source Code of Our Software or Your Software. The foregoing provision does not apply to Atheros Software obtained under the GNU
Lesser Public License. 
 2.4.  Restrictions. Each copy of Our Software must include all copyright and other
proprietary notices contained on the original copy of that software. Each copy of Your Software must include a copyright or other notice sufficient

 
to protect our Intellectual Property Rights in Our Software from which Your Software was derived. 
 Except to the extent permitted in this Section 2 (Permitted Used and Restrictions) or by applicable law, you may not (and may not allow anyone else to): (i) copy, decompile, decrypt, reverse
engineer, disassemble, modify, or create derivative works of any Licensed Technology or Development Hardware, or attempt to reconstruct or discover any Source Code or underlying ideas or algorithms of Our Software, (ii) remove, alter or obscure
any product identification, copyright or other intellectual property notices embedded within or on the Licensed Technology or any Development Hardware, or (iii) publish, disclose, sell, rent, lease, lend, distribute, sublicense or provide
Licensed Technology or any Development Hardware to any third party. 
 2.5.  Delivery. Licensed Technology
will be made available to you in electronic format for download, using a user authorization mechanism (i.e., password). You may provide the authorization mechanism only to your employees on a need-to-know basis. 

 

	3.	INTELLECTUAL PROPERTY 

3.1.  Ownership, Covenant. We are and will be the sole owner of all right, title and interest, including all the
Intellectual Property Rights, in and to the Licensed Technology, and all modifications, enhancements, updates, upgrades and derivative works thereof made by or for us. Subject to Atheros’ ownership in the Licensed Technology, you will be the
sole owner of all right, title and interest, including all the Intellectual Property Rights, in and to Your Software and Your Documentation, and all derivative works thereof made by or for you. 

3.2.  Omitted 
 3.3.  Notices. You agree to include on Your Documentation, all copyright, proprietary and other Intellectual Property Rights notices reasonably requested by us in writing. 

3.4.  Notification of Unauthorized Use. You will promptly notify us if you become aware of any unauthorized use of the
Licensed Technology or violation or threatened violation of our Intellectual Property Rights therein. You agree to cooperate with us and render such assistance as we may reasonably request to identify, halt and/or prevent any violation of the
provisions of this License. 
 3.5.  Announcement. Except as required to satisfy legal disclosure and
financial reporting requirements, neither party may use the name of the other party in any news release, public announcement, advertisement or other form of publicity without the prior written consent of the other party.

 

  
  

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	4.	FEES, PAYMENTS, TAXES 

4.1.  Fees. You agree to pay to us: (i) the license fees set forth in Exhibit A for Our Software listed in
Section 6.1 of Exhibit A, (ii) the then-current license fee, if any, of any other Module or Update you obtain under this Agreement; (iii) the support fees described in Section 8 (Support), and (iv) the hardware fees
described in Section 5 (Supply of Components and Development Hardware). 
 4.2.  Payments. Payments will
be due within [***] of invoice date. All prices are stated, and all payments must be made, in U.S. dollars. Late payments shall accrue interest at a rate of 18% per year or a lesser amount required by law. 

4.3.  Taxes. All fees are exclusive of, and you are responsible for, any taxes, tariffs, duties and other
government-imposed charges resulting from the license, sale, provision or use of Our Technology or of any product or service under this License (except for taxes based on our net income) and any penalties, interest and collection or withholding
costs associated with any of the foregoing items. You agree to pay our fees without deduction for withholding taxes or other assessments required or imposed by any taxing authorities, and to pay all such withholding taxes and assessments. You
further agree promptly to furnish us with a certificate evidencing payment of each such tax or assessment. When we have the legal obligation to pay or collect such taxes or fees, you agree to pay such amounts unless you provide us a valid tax
exemption certificate. You agree to reimburse us for any fines, penalties, taxes and other charges, including expenses incurred by us, due to your submission of invalid tax-related information. 

5.     SUPPLY OF COMPONENTS AND DEVELOPMENT HARDWARE 

5.1.  Supply of Components. You may order Components from us (or, in our discretion, from our wholly-owned subsidiary,
Atheros Technology Ltd., a Bermuda corporation), at the then-current Component list prices or such price as is quoted to you in a written price quote. All orders are subject to acceptance, and will be governed by the terms of Exhibit C. Those
terms may be modified or supplemented only as provided in Exhibit C. The terms and conditions appearing on any purchase order or other document submitted by you will not apply to your order, except for name(s) of product(s) ordered, quantity,
requested shipment date and delivery destination. 
 Subject to our prior written consent, which consent may be provided via
email, you may authorize third parties such as contract manufacturers to order Components on your behalf. You may not reveal pricing to the third party, and you guarantee payment and compliance by such third party under and with the provisions of
Exhibit C. 

 5.2.  Development Hardware. During the Term, you may order a reasonable
quantity of Development Hardware, at the prices set forth on the then-current Development Hardware Price List. All orders are subject to acceptance, and will be governed by the terms of Exhibit C, except that the provisions of this Agreement
that explicitly reference Development Hardware will take precedence over any contrary or additional provisions of Exhibit C related to the same subject matter, and we assume no intellectual property indemnification or defense obligations with
respect to Development Hardware. 
  

	6.	THIRD PARTY RIGHTS 

6.1.  Third Party Software Supplied. Our Software may include software licensed from third parties (“Third
Party Software”). Third Party Software is subject to the license terms and disclaimers (together: “Terms”) provided by the licensor. Third Party Software will be identified in a Read Me or Credits file or folder
accompanying such software. NOTWITHSTANDING ANY OTHER PROVISION OF THIS LICENSE, YOUR USE OF EACH ITEM OF THIRD PARTY SOFTWARE IS GOVERNED BY ITS APPLICABLE TERMS, AND WE ASSUME NO RESPONSIBILITY FOR, AND MAKE NO WARRANTY WITH RESPECT TO, THIRD
PARTY SOFTWARE. 
 6.2.  Third Party Software Required to be Obtained by You. You may need to obtain software
from third parties to use or for use with Our Software. For example, you may need to obtain ethernet source code from National Semiconductor, or a runtime license and development seats for VxWorks. It is your responsibility to ensure you obtain and
pay for any such required third party software. 
 6.3.  Published Standards, Royalty Obligations. You
understand and acknowledge that third parties may claim that a royalty or other fee is due to them as a result of the adherence of Our Software or Your Software to published standards. Any such fees are your sole responsibility. 

 

	7.	WARRANTIES, INDEMNITY 

7.1.  Disclaimer of Warranty. The Licensed Technology is provided AS IS, with all faults. We support Our Software as
set forth in Section 8.2 (Support Services). 
 7.2.  Development Hardware Warranty. We warrant solely to
you that for 30 days after delivery to you (“Hardware Warranty Period”), each item of Development Hardware will be operative. If you give us written notice that an item of Development Hardware is non-operative within the Hardware
Warranty Period, we will, at our sole option, replace the non-operative item or refund the purchase price of that item (or if that item was provided on a bundled basis without separate charge, then the price of such item as set forth in
Exhibit A). 

 

  
  

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 7.3. Warranty Disclaimer and Limited Remedies. SECTION 7.2 STATES YOUR EXCLUSIVE
REMEDY AND OUR ENTIRE LIABILITY FOR ANY BREACH OF WARRANTY. WE MAKE NO WARRANTY OR REPRESENTATION THAT ANY LICENSED TECHNOLOGY OR DEVELOPMENT HARDWARE WILL MEET YOUR REQUIREMENTS OR WORK IN COMBINATION WITH ANY HARDWARE OR APPLICATIONS SOFTWARE
PROVIDED BY THIRD PARTIES, THAT THE OPERATION OF OUR SOFTWARE WILL BE UNINTERRUPTED OR ERROR-FREE, OR THAT ANY DEFECTS IN ANY LICENSED TECHNOLOGY WILL BE CORRECTED. EXCEPT AS EXPLICITLY SET FORTH IN SECTION 7.2, WE DISCLAIM ALL WARRANTIES, EXPRESS
OR IMPLIED, INCLUDING WARRANTIES OF MERCHANTABILITY, NONINFRINGEMENT AND FITNESS FOR A PARTICULAR PURPOSE. NO ORAL OR WRITTEN INFORMATION OR ADVICE GIVEN BY US OR ANY OF OUR EMPLOYEES OR REPRESENTATIVES WILL CREATE A WARRANTY. 

7.4. Intellectual Property Indemnity. 

7.4.1.  By Us. Provided the requirements of Section 7.4.3 (Conditions) are met, we will,
at our expense, defend (or at our option, settle) any suit brought against you, and will pay all damages, and costs (including reasonable attorneys’ fees) (together: “Damages”) finally awarded against you, to the extent based
on a claim that Our Software or a Component purchased from Atheros under this Agreement directly infringes [***] patent or Berne Convention copyright, or misappropriates any trade secret right of any third party. 

  Notwithstanding the foregoing, we will have no liability or obligation with respect to claims or Damages
to the extent arising from: (i) Your Software (to the extent it differs from Our Software), Third Party Software or a modification to or derivative work of Our Software not made by or for us; (ii) the combination or use of Our Software
with anything other than a Component; (iii) the use of Out Software to practice any method or process that does not occur wholly within Our Software; (iv) our modification of Our Software or a Component to comply with your design
requirements or specifications or those of your customer (provided this exclusion does not apply to 
  

 
 [***] Certain
portions denoted with an asterisk have been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.

 
claims of copyright infringement); (v) the use of a release of Our Software not then supported by Atheros; (vi) any modification, servicing or addition made to the Component by anyone
other than Atheros; (vii) the use of the Component as a part of or in combination with any devices, parts or software that are both not provided by Atheros and not required to use the Component; (ix) the sale or distribution of other than
the then-current unaltered release of the Component available from Atheros; or (x) any implementation of a Component other than in a Licensee Product (as defined in Exhibit C), (each, an “Excluded Claim”). 

  If the use or distribution of Our Software or a Component purchased from Atheros hereunder is enjoined, we
may, at our sole option and expense; (i) procure for you the right to continue using Our Software as licensed herein or the Components purchased hereunder; (ii) modify Our Software or the Component and provide you functionally equivalent,
non-infringing software or a non-infringing unit of the affected Component that is substantially equivalent in functionality; or (iii) if none of the foregoing is commercially reasonable for Our Software, terminate the license to the affected
software and refund a portion of the license fee you paid for that software (if any) (amortizing that fee on a straight-line basis over its License Term). Atheros shall not be obligated to accept new orders for Components that are or may be subject
to a claim of infringement covered under this Article unless it accepts such orders from another Component customer. 
   THIS SECTION 7.4.1 STATES OUR ENTIRE RESPONSIBILITY AND LIABILITY, AND YOUR EXCLUSIVE REMEDY, FOR ANY ACTUAL OR ALLEGED INFRINGEMENT OR MISAPPROPRIATION OF ANY THIRD PARTY RIGHTS ARISING WITH
RESPECT TO OUR SOFTWARE AND ANY OTHER ITEMS, PRODUCTS OR SERVICES PROVIDED HEREUNDER. 

7.4.2.  By You. Provided the requirements of Section 7.4.3 (Conditions) are met, you
will, at your expense, defend (or at your option, settle) any suit brought against us, and will pay all Damages finally awarded against us, to the extent based on an Excluded Claim. THIS SECTION 7.4.2 STATES YOUR ENTIRE RESPONSIBILITY AND LIABILITY,
AND OUR EXCLUSIVE REMEDY, FOR ANY ACTUAL OR ALLEGED INFRINGEMENT OR MISAPPROPRIATION OF ANY THIRD PARTY RIGHTS ARISING WITH RESPECT TO YOUR SOFTWARE OR ANY EXCLUDED CLAIM.

 

  

  
  

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 7.4.3. Conditions. As a condition to receiving the
indemnification and defense specified above, the indemnified party must: (i) promptly notify the indemnifying party of any actual or threatened suit, claim or proceeding on which indemnity is or may be sought (except that failure to give prompt
notice will not affect the indemnified party’s rights hereunder if such failure does not prejudice the indemnifying party’s rights or defense, or otherwise cause the indemnifying party significant harm); (ii) give the indemnifying
party sole control, through counsel of its choice, of the defense and settlement of the claim; and (iii) at the indemnifying party’s expense, reasonably cooperate in the defense and settlement of the claim and provide the indemnifying
party all information, assistance and authority requested to enable it to defend or settle the claim. 
  

	8.	SUPPORT 

8.1.  Training. No training is provided under this Agreement. 

8.2.  Support Services. During the Support Term, subject to the provisions of this Section 8.2, we will provide to
you, at no additional charge, Updates of Our Software and Technical Documentation, and the other support services described below. 
 8.2.1.  Error Correction. You may inform us of Errors in Our Software by sending e-mail to support@Atheros.com. We will use reasonable commercial efforts to respond to such
reports within two (2) business days, and to correct any documented, reproducible Error, to provide an acceptable work-around, or correct errors in the documentation. “Error” means a problem that causes Our Software not to
operate substantially in conformance with its Technical Documentation. 

8.2.2.  Limitations. Atheros will not support Your Software. You have sole responsibility for
providing technical support to, and you assume any and all warranty obligations to, your customers (at any tier) with respect to Our Software, Your Software and Designated Equipment. You have no authority to obligate us in any way under any warranty
you may provide. 
 8.2.3.  Additional Support Services Location Option. Support
services will be provided only to the site listed on Exhibit A, Section 4. Subject to our consent, you may purchase support services for additional location(s) (“Additional Support Services Location(s)”) at which Our
Software, Reference Designs and Development Hardware will be used by

 
executing an amendment to this License and paying our then-current fees for such Additional Support Services Locations) for each year for which you request such support. We will deliver to you,
at the Additional Support Services Location(s), at no additional charge, one test and software development board. 
 8.2.4.  Support of Back Revs of Our Software. Migration to the then-current release of Our Software may be required for continued support. 

8.2.5.  No Support for Excluded Code, Even if Provided to You by Us, our Partner, Agent or
Contractor. You may now possess or may receive, from us, from our contractor or agent, or from another party or source, Excluded Code that functions or is intended to function with our Components, but which is not licensed under this Agreement.
Excluded Code, even if owned and controlled by us, will not be supported by us and is in no way warranted, indemnified or otherwise endorsed by us under this Agreement. 
 8.3.  Renewal, Support Fees. Support services will be provided to you without charge during the first year following the Effective Date. Thereafter, the Support Term will automatically
extend for successive annual periods, until one of the parties provides the other a notice of non-renewal of support services at least 90 days prior to the end of the then-current Support Term. You agree to pay for annual support services after the
first anniversary of the Effective Dale. The fee for each year of support services may be increased by Atheros in its sole discretion, but will not exceed [***]% of the support fee for the prior year. For purposes of this calculation, the first year
support fee is set forth on Exhibit A. 
 Each annual invoice for support services will be rendered approximately 30 days
before the end of the then-current Support Term. Payment is due within 30 days of the invoice date. Failure to timely pay the fee shall terminate the Support Term. 
 8.4.  Omitted. 
  

	9.	LIMITATION OF LIABILITY 

9.1.  Limited Remedies, Damages Exclusion. Notwithstanding any other provision of this Agreement: 

(i) Our total, cumulative liability arising from or in connection with this Agreement or any item or service ordered or provided
hereunder (including Components) will be limited to the lesser of either the total amount you paid

 

  
  

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us over [***] immediately preceding the date your first claim is brought multiplied by [***], or [***]. 
 (ii) In no event will we be liable for incidental, consequential, indirect, special or punitive damages or lost revenue, data or profits (all collectively: “indirect damages”), arising
from or in connection with this License or any product or service ordered or provided hereunder. The limitations on and disclaimers of remedies, warranties and damages set forth in this License will apply regardless of: (a) whether any
specified remedy fails of its essential purpose, (b) the form of action (e.g., contract, tort, statute, or other legal theory) and (c) whether we were advised of the possibility of such damages or such damages were foreseeable. These
limitations and disclaimers reflect the parties’ reasonable allocation of the risks associated with any performance or non-performance under this License, and are included in this License as a material inducement for us to enter into this
License. 
 9.2.  High Risk Applications. The Licensed Technology is not designed or warranted for use with
chips other than Components, and it and the Components are not warranted by us for use in developing, or for incorporation into, products or services used in applications or environments requiring fail-safe performance, such as in the operation of
nuclear facilities, aircraft navigation or communication systems, air traffic control, life support machines., surgically implanted devices, weapons systems, or other applications, devices or systems in which the failure of a Component or of Our
Software or Your Software could lead directly to death, personal injury, or severe physical or environmental damage (“High Risk Activities”). Notwithstanding any other provision of this License, you may not use or permit any third
party to use Our Software, Your Software or any Designated Equipment in connection with any High Risk Activity. You assume all risk of such uses, and if you or your customers at any tier use or permit the use of any such item(s) in connection with
High Risk Activities, you agree to indemnify, defend and hold us harmless from all claims, expenses and liability arising, as a result of such use. 
  

	10.	TERM, TERMINATION 

10.1.  Term. Unless earlier terminated pursuant to this Section 10, this License will continue for the Term.

 10.2.  Termination for Cause. This License and all licenses granted hereby will automatically terminate
upon 
  
  

[***] Certain portions denoted with an asterisk have been omitted and filed separately with the Securities and Exchange Commission.
Confidential treatment has been requested with respect to the omitted portions.

 any breach by you of a provision of Sections 2.2.1 (Source Code), 2.2.3 (Reference Designs), 2.3 (No
Open Source), 2.4 (Restrictions), or 12 (Confidentiality). In addition, this License and all licenses granted hereby may be terminated by either Party if the other party breaches any provision of this License and fails to remedy such breach within
30 days of receipt of written notice. 
 10.3.  Bankruptcy. We may terminate this License immediately upon
written notice upon the occurrence of any one of the following events: (i) a receiver is appointed for either you or your property; (ii) you become insolvent or admit in writing your inability to pay your debts as they become due,
(iii) you make a general assignment for the benefit of your creditors; (iv) you commence, or have commenced against you, proceedings under any bankruptcy, insolvency or debtor’s relief law, which proceedings are not dismissed within
60 days; or (v) you are liquidated, dissolved or cease to do business. 
  

	11.	EFFECT OF TERMINATION/EXPIRATION 

 11.1.  Return of Materials. On any termination or expiration of this License, except as provided in Section 11.2 (Retention of Copies, Sell-Off), you agree immediately to cease all
use of, and destroy, all copies (including backup copies) of the Licensed Technology, including all tangibles incorporating any such items (but excluding Designated Equipment), and promptly to certify to us in writing that you have done so.

 11.2.  Retention of Copies, Sell-Off. You may: (a) retain copies of the Licensed Technology solely for
use in supporting customers that purchased Designated Equipment prior to the expiration or termination of this License, and (b) sell inventory of Designated Equipment that has already been manufactured or is in process on the date of expiration
or termination. 
 11.3.  Survival. Termination or expiration of this License will not affect Object Code
sublicenses granted to purchasers of Designated Equipment pursuant to Section 2.2.2 (Object Code) prior to expiration or termination, each of which will remain in effect in accordance with its terms. In addition, the parties’ rights and
obligations under the following provisions will survive any termination or expiration of this License: Sections 2.4 (Restrictions), 3 (Intellectual Property), 4 (Fees, Payments, Taxes), 6 (Third Party Rights), 7.3 (Warranty Disclaimer
and Limited Remedies), 7.4 (Intellectual Property Indemnity), 9 (Limitation of Liability), 11 (Effect of Termination/Expiration), 12 (Confidentiality) and 13 (General) and, with respect to Development Hardware, the provisions of
Exhibit C that survive termination of that Agreement, and the last sentence of Section 5.2 (Development Hardware).

 

  
  

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	12.	CONFIDENTIALITY 

12.1.  Definition. “Confidential Information” means: (i) any information disclosed by us to you,
either directly or indirectly, during the Term, by any means (whether in writing, orally or visually, or by permitting inspection of tangible objects (including without limitation documents, prototypes, samples, plant and equipment)), provided such
information is designated as “Confidential”, “Proprietary” or some similar designation at the time of disclosure; and (ii) the Licensed Technology, whether or not so designated. Confidential Information does not, however,
include any information that you demonstrate: (a) is legally and publicly available, other than through a breach of your obligations under this Section 12, (b) you received, without an obligation of confidentiality, from a third party
that was entitled so to disclose it, or (c) is independently developed by you without use of or reference to Confidential Information. Nothing in this License will prevent you from disclosing Confidential Information to the extent you are
required by law to disclose such Confidential Information, provided you give us prompt written notice of that requirement prior to such disclosure and cooperate with our efforts to obtain an order protecting the information from public disclosure.

 12.2.  Non-use and Non-disclosure. You agree not to disclose Confidential Information other than to those
of your employees and contractors who have a need to know to exercise the rights and licenses granted to you herein, and not to use Confidential information other than in the exercise of such rights and licenses, or to determine whether and on what
terms to purchase Components from us. You agree that prior to any disclosure by you of Confidential Information to an employee or contractor, you will have entered into a written non-disclosure agreement with such person, containing terms at least
as strict as those contained in this Section 12. You may not reverse engineer, disassemble or decompile any prototypes, software or other tangible objects that embody Confidential Information and that are provided hereunder. 

12.3.  Maintenance of Confidentiality. You agree to take reasonable measures to protect the secrecy of and avoid the
unauthorized disclosure or use of Confidential Information, including at (least those measures that you take to protect your own most highly confidential information. You may not make any copies of Confidential Information except as expressly
permitted by Section 2.2 (Grant) or as approved by us in advance, in writing. You must reproduce all proprietary right notices on any such approved copies, in the same manner in which such notices were set forth in or on the original.

 12.4.  Return of Confidential Information. Except as provided in Section 11.2 (Retention of Copies,
Sell-Off),

 
you agree promptly to return to us or destroy, at our request, all copies of Confidential Information, in whatever form or media, and to certify to us in writing that you have done so.

 12.5.  Remedies. You agree that any violation or threatened violation of any provision of this
Section 12 will cause us irreparable injury, entitling us to injunctive relief in addition to ail legal remedies. 

12.6.  Announcement. Neither party will disclose, advertise or publish the terms or conditions of this License without
the written consent of the other party, except (i) as may be required, by law and (ii) to its professional advisors and to investors or potential investors who are under an obligation of confidentiality at least as restrictive as that
contained in this Section 12. 
  

	13.	GENERAL 

13.1.  Notices. All notices and consents required or permitted under this License must be in writing and sent, if to
us, to the address listed in the signature block above to the attention of Legal Department, and if to you, to the address listed on Exhibit A under Legal or, if none, the address listed in the signature block above; or to such other address as
is specified by notice from time to time. Any notice of non-performance, termination or non-renewal must be sent by nationally (or, if applicable, internationally) recognized overnight courier or by certified mail, return receipt requested. All
other notices and consents may be sent as provided above or by fax or e-mail (if to us, to 408-773-9909 or legal@atheros.com) with a confirmation of receipt. Notices will be deemed given and received on receipt (except that faxes and e-mails
received on a non-business day (according to the recipient’s business calendar) will be deemed received on the next business day). If a notice cannot be received because the recipient has moved and failed to notify the sender of its change of
address, or because the recipient is out of business, then a notice will be deemed received when sent 

13.2.  Entire Agreement. This License, together with its Exhibit(s), constitutes the complete, exclusive and final
expression of the parties’ agreement and supersedes all prior and contemporaneous understandings, proposals, representations or communications, oral or written, relating to the subject matter hereof. 

13.3.  Governing Law, Exclusive Jurisdiction and Venue. This License will be governed by and construed in accordance
with the laws of the State of California without regard to its conflict of laws provisions. The provisions of the UN Convention on Contracts for the International Sale of Goods will not apply. Subject to the provisions of Section 13.4
(Arbitration), each party hereby: (i) agrees that any action, suit or proceeding (“Action”) that arises, in whole or in part, under or in connection with this License

 

  
  

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will be brought in the United States District Court for the Northern District of California San Jose Branch or the Superior or Municipal Courts of the State of California, Santa Clara County; and
(ii) irrevocably and unconditionally consents and submits to the jurisdiction of all such courts for purposes of any such Action, and irrevocably and unconditionally waives any objection (such as inconvenient forum) to the laying of venue of
any Action in any such court. 
 13.4. Arbitration. All disputes, claims, and controversies between the parties arising
out of or related to this License or the breach hereof will be settled by arbitration. The arbitration will be conducted by one arbitrator appointed pursuant to the applicable procedures of JAMS and conducted under the then-current Commercial
Arbitration Rules of the American Arbitration Association. The arbitrator will issue an award in support of his or her decision within 120 days of the selection of the arbitrator, stating the legal and factual basis for the decision and the
reasoning lending to such decision. The decision and award of the arbitrator will be final and binding and judgment on the award so rendered may be entered in any court having jurisdiction thereof. The arbitration will be held in Santa Clara County,
California, and the award will be deemed to be made in California. Both parties will share the costs of the arbitration equally, except that each party will bear its own costs and expenses, including attorney’s fees, witness fees, travel
expenses, and preparation costs. 
 Notwithstanding any other provision of this Agreement, a party may seek injunctive relief
(or any other provisional remedy) from any court having jurisdiction over the parties and the subject matter of the dispute. 

Within 30 days after the filing of the response to the arbitration demand, each party will provide the other with copies of all
documents that are likely to bear significantly on their respective claims and defenses. 
 The arbitrator will allow the
parties to engage in other discovery, including depositions, unless the arbitrator determines that the likely benefit of the proposed discovery is outweighed by the burden and expense of the proposed discovery, taking into account the amount in
controversy, the importance of the issues at stake in the arbitration, the importance of the proposed discovery in resolving those issues, and the parties’ desire to seek justice while minimizing the time and expense of arbitrating their
dispute. The arbitrator’s decisions regarding discovery will be final and conclusive. 
 This agreement to arbitrate and
any award rendered by the arbitrator will be enforceable under California law and Title 9 of the United States Code, to the extent applicable. All questions concerning the arbitrability of a dispute (including whether the parties have agreed to

 
arbitrate the dispute) will also be decided by arbitration, and this agreement to arbitrate applies notwithstanding any claim that all or any part of this agreement is void, voidable or
unenforceable for any reason. Neither party will have the right to appeal the arbitrator’s decision. 
 Each party hereby
submits to the jurisdiction of all duly constituted courts of the State of California and the United States District Court for the Northern District of California for the purpose of enforcement of this agreement to arbitrate and any awards rendered
by such arbitration; provided that this sentence does not limit the right of either party to enforce any award in any proper forum. 
 13.5.  Attorney’s Fees. Except as provided in Section 13.4 (Arbitration), in any action to enforce this License or collect on any judgment rendered, the prevailing patty will be
entitled to recover all court costs and reasonable legal fees and expenses incurred. 
 13.6.  No Assignment.
Your rights and obligations under this License are personal, and may not be assigned or transferred, voluntarily, by operation of law or otherwise, without our prior written consent, which consent will not be unreasonably withheld if the proposed
transfer occurs in connection with the sale of substantially all of your assets or outstanding voting securities to a third party that is not an Atheros Competitor. Any attempt assignment or transfer without our consent will be void. For purposes of
this License, a Change of Control will be deemed an assignment that requires our prior written consent. “Change of Control” means the acquisition of beneficial ownership of more than 50% of your then-outstanding voting securities entitled
to vote generally in the election of directors, including any such acquisition that is made pursuant to a merger or other business combination. Your rights under an order may not be assigned with Atheros’s written consent. 

13.7.  Government Authorization. You are responsible for all governmental authorizations and approvals relating to this
License. You represent and warrant that as of the Effective Date and throughout the Term, you are and will remain in compliance with all applicable governmental laws, rules and regulations necessary for you to enter into this License and execute
your obligations under this License including, without limitation, any governmental authorization necessary for you lo contract with a foreign party. You represent and warrant to us that you are fully knowledgeable regarding and will be responsible
for any applicable governmental regulatory compliance matter affecting the design, manufacture or distribution of Your Software or of Designated Equipment. Distribution of Your Software or Designated Equipment with, or for use with, a product that
is not in compliance with a country’s spectrum use regulations shall be a material breach of this Agreement,

 

  
  

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and you hereby indemnify Atheros for damages resulting from any such use or distribution. 
 13.8.  Export Law Assurances. You may not download, use, transfer, export or re-export any Licensed Technology or any product or derivative work thereof, or any Confidential Information,
except as authorized by United States law and the laws of the jurisdiction in which the Licensed Technology was obtained. In particular, but without limitation, Licensed Technology and derivative works thereof may not be downloaded, used, exported
or re-exported (a) in or to (or by or to a national or resident of) any country then under U.S. economic embargo, or (b) to any person or entity on the U.S. Treasury Department’s list of Specially Designated Nationals or on the U.S.
Department of Commerce’s Denied Persons List or Entity List. By downloading or using Licensed Technology, you represent and warrant that you are not located in, under control of, or a national or resident of any such country or on any such
list. 
 13.9.  Records and Audit. During the Term and for six months thereafter, we will have the right at
reasonable times no more than once per year, directly or through its representative, upon a minimum of 14 days’ written notice setting forth the period under review, to review your books and records regarding your adherence to the Intellectual
Property Rights provisions of this License. 
 13.10.  Amendment, Waiver, Remedies. No amendment or
modification of this License is binding unless signed by you and an officer of Atheros. The observance of any provision of this License may be waived (either generally or in a particular instance) only by the written consent of the party or parties
adversely affected by such waiver. No failure of a party to enforce its rights under this License will be deemed a waiver. A waiver will be narrowly construed to apply solely to the specific instance to which such waiver is directed. Except as
expressly stated herein to the contrary, the exercise of any right or remedy provided in this License will be without prejudice to the right to exercise any other right or remedy provided by law or equity. 

13.11.  Severability. If any provision of this License or portion thereof is found to be invalid, illegal or
unenforceable, such provision will be limited or eliminated to the minimum extent necessary and this License will otherwise remain in full force and effect. In addition, the patties agree to substitute for the limited or eliminated provision a new
provision that effects, as nearly as possible, the original intent of the parties. 
 13.12.  Counterparts, Fax
Signatures. This License may be executed in two or more counterparts, each of which will be deemed an original, but all of which together will

 
constitute one and the same instrument. Facsimile signatures will be considered original signatures. 
 13.13.  Mutual Negotiations. Each provision of this License will be fairly interpreted and construed in accordance with its provisions and without any strict 

13.14.  interpretation or construction in favor of or against either party. 

13.15.  Choice of Language. The original of this License is in English. You waive any right to have this License
written in any other language, regardless of whether your country of incorporation is English speaking. 

13.16.  No Third Party Beneficiaries. No provision of this Agreement is intended or will be construed to confer upon or
give to any person or entity other than you and us any rights, remedies or other benefits under or by reason of this License. 

 END BODY OF AGREEMENT. 
  EXHIBITS BEGIN ON NEXT PAGE 

 

  
  

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      Exhibit A 

     1.            YOUR CONTACTS. 

			
	LEGAL
	
Name
	  	 
	
Address
	  	 
	
Telephone
	  	 
	
Fax
	  	 
	
Email
	  	 
	SHIPPING

	
Name
	  	 
	
Address
	  	 
	
Telephone
	  	 
	
Fax
	  	 
	
Email
	  	 
	BILLING

	
Name
	  	 
	
Address
	  	 
	
Telephone
	  	 
	
Fax
	  	 
	
Email
	  	 
	TECHNICAL/DEVELOPMENT

	
Name
	  	 
	
Address
	  	 
	
Telephone
	  	 
	
Fax
	  	 
	
Email
	  	 
	QUALITY/PROCUREMENT

	
Name
	  	 
	
Address
	  	 
	
Telephone
	  	 
	
Fax
	  	 
	
Email
	  	 

  
  

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 2.            INITIAL TERM OF LICENSE.
Beginning on the Effective Date and continuing for one year. 

3.            LICENSE TYPE. General Purpose. 

 

	4.	SUPPORT SERVICE SITE. Support services are offered only to a single site. You may have several development locations, of which one must be designated as the site
to which Atheros will deliver support services. 

  

			
	Support Service    
Site 
Address    	 	Same as Technical/Development Address unless this block
modified. If no Technical/Development Address provided, then same as signature block address on page 1.

5.            FEES. Atheros’s then-current fees apply. 

  
  

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 6.            LICENSED TECHNOLOGY.
Atheros will deliver to You: 
  

	 	     6.1            Reference	Designs, Technical Documentation and Software Modules 

 These items were previously provided without additional charge. In addition, you may elect to purchase Development Hardware separately. 

[***] 

  
  

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 In addition to the above, the Licensed Technology includes: 

The following files and any updates thereto and the following documentation file: 

[***] 

  
  

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 Development Hardware prices (subject to change without notice): 

Atheros reserves the right to limit the quantity of Development Hardware that may be purchased. Refer to Part Numbers (available
separately from Atheros sales staff) to order. Development hardware will be provided at Atheros’s then-current price at the time of order. 

  
  

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 EXHIBIT B 
 MINIMUM TERMS OF END USER LICENSE AGREEMENT 
 Your End User License Agreement will include
terms at least as restrictive of Atheros’ liabilities and at least as protective of Atheros’ rights as the following: 
  

	1.	License Grant and Restrictions. [Licensee] grants End User a non-exclusive license to use the software (such as object code or firmware) program and related
documentation (“Software”) only in conjunction with [name of a product containing an Atheros Wireless LAN Chipset (“Product”)]. End User only obtains a non-exclusive license to use the Software with the Product and
only in the country where the Product was purchased. This Software is protected by copyright laws and international copyright treaties, as well as other intellectual property laws and treaties. The Software is licensed, not sold. Title does not pass
to End User. There is no implied license, right or interest granted in any copyright, patent, trade secret, trademark, invention or other intellectual property right. 

 

	2.	No Reverse Engineering. End User will not decompile, disassemble or otherwise reverse engineer the software. If End User is a European Union resident,
information necessary to achieve interoperability with other programs is available upon request. 

  

	3.	Termination. Upon any violation of any of the provisions of this Agreement, End User’s rights to use the Software will automatically terminate and End User
will be obligated to destroy all copies of the Software. End User may terminate this Agreement at any time by destroying the Software. 

 [Licensee]’S SUPPLIERS MAKE NO WARRANTIES, EXPRESS OR IMPLIED, AND WILL NOT BE LIABLE TO YOU UNDER ANY LEGAL THEORY FOR ANY DAMAGES OF ANY KIND, DIRECT, CONSEQUENTIAL, OR OTHERWISE, ARISING IN
CONNECTION WITH THE PRODUCT OR ANY SOFTWARE. 
  

	4.	Export. The Software may only be operated, exported or re-exported in compliance with all applicable laws and export regulations of the United States and the
country in which End User obtained them. The Software is specifically subject to the U.S. Export Administration Regulations. End User may not export, directly or indirectly, the Software or technical data licensed hereunder or the direct product
thereof to any country, individual or entity for which the United States Government or any agency thereof, at the time of export, requires an export license or other government approval, without first obtaining such license or approval.

  
  

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 EXHIBIT C 
 Standard Terms and Conditions of Sale for Components 
  

	1.	Scope. These Terms and Conditions of Sale (“Agreement”) apply to sales of semiconductor products (“Components”) by Atheros Communications,
Inc. or Atheros Technology Ltd., as applicable (“Atheros”) to buyer (“Buyer”). Atheros and Buyer may be referred to herein as “Party” when referred to individually and “Parties” when referred to collectively.
“Components” refers only to hardware, chips and chipsets. Any software, reference designs, developer’s kits, and documentation have been separately licensed under the Atheros Non-Exclusive Technology License Agreement
(“Technology License Agreement”) mutually executed either (a) by Atheros Communications, Inc. and Buyer where Buyer is a license of Atheros Communications, Inc. (“Licensee”) for Licensee’s user in integrating the
Components as part of products developed by or for Licensee (“Licensee Products”) or (b) between Atheros Communications, Inc. and a Licensee of Atheros Communications, Inc. who authorizes Buyer to purchase Components from Atheros for
use in integrating the Components as part of Buyer’s manufacture of Licensee Products of such Licensee. In the case of (b), use of the term “Buyer” in this Agreement shall be deemed to mean Licensee, unless the context indicates that
such change would be improper. Buyer certifies to Atheros that it is authorized to purchase Components from Atheros pursuant to such Technology License Agreement and will indemnify and hold harmless Atheros from any and all liabilities, costs,
damages, expenses relating to breach of the foregoing certification. 

 2. Orders 

	2.1	Rescheduling and Cancellation. Atheros will promptly notify Buyer if any order or part of an order cannot be filled or if there will be any delays in delivery.
Atheros will use all reasonable efforts to ship and deliver on indicated dates but it will not be liable for failure to do so. Alternatively, should Atheros find that the delivery date agreed on cannot be met, Atheros shall notify Buyer in writing,
stating the cause of the delay and an estimated delivery date. For non-custom products, Buyer may reschedule orders accepted by Atheros and scheduled for delivery, subject to the following limitations: 

			
	 Days until Atheros
 scheduled shipment of
 an order
	 	Limits on order reschedules and
cancellations
	61 - 90	 	 Rescheduling for a period of up to [***]
later than the original scheduled ship date. One reschedule per order only. Rescheduled orders may not be subsequently cancelled ; OR

Cancellation of up to [***].
  

	31 - 60	 	 Rescheduling for a period of [***] later
than the original scheduled ship date. One reschedule per order only. Rescheduled orders may not be subsequently cancelled ; OR
 Cancellation of
up to [***].
  

	30	 	 [***].

 

	2.2	Purchase Order. This Agreement takes precedence over Buyer’s additional or different terms and conditions which may be included on Buyer’s purchase
order or otherwise, to which notice of objection is hereby given, and any inconsistent or additional terms in such form will be of no effect. Any changes to this Agreement must be specifically agreed to in writing by Atheros.

	2.3	Acceptance. Orders shall be subject to written acceptance by Atheros and delivery schedules established in accordance with Component availability and
Buyer’s credit status. If Atheros chooses to obsolete any Components, it shall give at least [***] advance notice to Buyer. Buyer may place orders during the notification period for shipment no later than [***] after the obsolescence date.

  
  

[***] Certain portions denoted with an asterisk have been omitted and filed separately with the Securities and Exchange Commission.
Confidential treatment has been requested with respect to the omitted portions. 

  
  

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 3. Delivery; Title 

	3.1	Delivery. Components will be delivered Ex Works (Incoterms 2000), Atheros’ designated factory deck or distribution center dock. Buyer will pay all costs
relating to transportation, delivery, duties and insurance. Buyer will provide Atheros with shipping instructions on its order and if it fails to do so, Atheros will determine the carrier and means of transportation and will ship the Components
freight collect. Buyer shall notify Atheros in writing of any shortage in any shipment within thirty (30) days after Buyer’s receipt of such shipment. All shipments shall be directed to a Buyer operated receiving location.

	3.2	Risk of Loss. Risk of loss for the Components shall pass from Atheros to Buyer at the Atheros shipping point, and Buyer will bear the risk of loss after the
shipping point and will be solely responsible for filing claims relating to any lost or damaged goods. 

	3.3	Title. Title to the Components shall pass to Buyer as follows: 

	For	Components Delivered Outside of United States: Atheros reserves title in the Components until paid for in full by Buyer, for the purpose of protecting
Atheros’ right to receive payment under the laws of various countries. This reservation of title does not affect Buyer’s ability to transfer title to the Components in the ordinary course of its business, provided that Buyer hereby assigns
in advance to Atheros any proceeds from the disposition of such Components to the extent of the amount owed to Atheros. 

	For	Components Delivered within the United State). Title to the Components shall pass from Atheros to Buyer at the Atheros shipping point. Buyer hereby grants to
Atheros a purchase money security interest covering each shipment of Components made hereunder (and any proceeds derived therefrom) in the amount of Atheros’ invoice for such shipment until payment in full is received by Atheros. Buyer agrees
to sign and execute any and all documents as required by Atheros to perfect such security interest. 

	3.4	Exporter and Importer of Record. For international shipments, Buyer or its properly authorized agent or freight forwarder shall be exporter of record from the
United States. Buyer shall be the importer of record and is responsible for fulfilling quota terms, obtaining import licenses, paying import license or permit fees, duties and customs fees, and any other governmental or import taxes or fees, and
preparing and submitting all required documentation in connection with importing the Components. 

  

	4.	Returns. No Components may be returned except under warranty or due to shipment error by Atheros. All returns must be made in accordance with Atheros’
then-current Return Material Authorization (RMA) procedures or such other procedures as are expressly agreed to in writing by an authorized representative of Atheros (“Atheros RMA Procedures”). Atheros shall have no responsibility or
liability for returns not made in accordance with such Atheros RMA Procedures. 

 5. Prices; Payment; Taxes; Rebates

	5.1	Prices. Pricing is stated in a written price quote from the designated Atheros Account Manager (or a designated substitute) to Buyer. Atheros may change its
prices at any time. All prices are in U.S. dollars. 

	5.2	Payment. Provided that Buyer receives written approval of the extension of credit terms from Atheros’ credit department, payment terms are net [***] from
the date of invoice unless otherwise specified in writing from Atheros. Buyer must give Atheros written notice of any discrepancies among the purchase order, the invoice, and the Components received, within [***] after receipt of the Components or
the invoice, whichever occurs later. Payment is not conditioned upon the Components meeting any acceptance testing procedures or criteria. If there is any dispute as to a part of a shipment, Buyer will pay for the undisputed part of that shipment.
All payments to Atheros shall be in U.S. dollars, free of any restrictions or withholding. Atheros reserves the right to require payment in advance by wire transfer, confirmed irrevocable letter of credit, or such other means as are acceptable to
Atheros. 

	5.3	Interest. Atheros may charge Buyer interest on any delinquent balance, computed on a daily basis for each day that the payment is delinquent, at the lesser of
(a) eighteen percent (18%) per annum or (b) the maximum rate permitted by law. 

	5.4	Taxes. Buyer is responsible for payment of all taxes of every kind imposed in connection with the sale to Buyer of Components or which Atheros may incur in
respect of this Agreement (except for taxes imposed on Atheros’ net income) and any penalties, interest and collection or withholding costs associated with any of the foregoing items. All such amounts are in addition to other amounts payable
hereunder. If Buyer is required to withhold any taxes or fees from amounts due to Atheros under this Agreement, then Buyer agrees to increase the payment to Atheros so that, after 

 
  
 [***] Certain portions denoted with an asterisk have been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted
portions. 

  
  

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 payment of all taxes and fees, Buyer will have paid to Atheros the total amount due to
Atheros as if no taxes or fees were withheld. Buyer may provide Atheros with a tax exemption certificate acceptable to the taxing authorities in lieu of paying certain taxes; however, Buyer shall reimburse Atheros for any fines, penalties, taxes and
other charges, including expenses incurred by Atheros, due to Buyer’s submission of invalid information. 

	5.5	Rebates. If a rebate applies, the payment of any such rebate will be subject to the following terms: (i) by the first day of each calendar month, Buyer
shall submit to Atheros a consumption report stating the number of Components purchased and received by Buyer from its board supplier (or, if applicable, directly from Atheros) during the immediately preceding month, together with supporting
documentation acceptable to Atheros in its discretion; (ii) as soon as practicable after the beginning of each calendar quarter, Buyer and Atheros will cooperate in good faith to agree upon the rebate amount for the previous quarter, based on
the above monthly consumption reports and supporting documentation delivered by Buyer for such quarter, and Buyer shall issue an invoice to Atheros for such agreed-upon rebate amount; (iii) if Buyer is a direct customer of Atheros, Buyer must
deliver to Atheros the above monthly information and a mutually agreed-upon invoice for the rebate amount as provided above, no later than 180 days after Atheros has delivered to Buyer the Components to which such rebate amount applies; (iv) if
Buyer has purchased Components from a board supplier, Buyer must deliver to Atheros the above monthly information and a mutually agreed-upon invoice for the rebate amount as provided above, no later than 180 days after the board supplier has
delivered to Buyer the Components to which such rebate amount applies; and (v) rebates are only payable with respect to Components for which Atheros has received payment from Buyer or Buyer’s board supplier, as applicable.

  

	6.	No License; Markings. Buyer acknowledges and agrees that the sale to Buyer of the Components does not convey any license expressly or by implication, to, and
Buyer shall not, manufacture, reverse engineer, duplicate, or otherwise reproduce any of the Components or any part thereof. Buyer will not remove, alter or obfuscate any patent markings on the Components or otherwise cause any patent on the
Components to become ineffective under applicable patent laws. Buyer shall place in a conspicuous location on each and every Licensee Product sold by it or documentation shipped therewith, a legally sufficient patent notice. Atheros will advise
Buyer of the patent number or numbers and the applicable notice. 

  

	7.	No Support or Other Services. Buyer acknowledges that no installation, training, education, or any other support or other services are contracted for or
purchased hereunder unless specifically agreed to in writing by Atheros. If Atheros offers or gives technical advice or performs any training in connection with the use of any Components, such advice or training will be provided only as an
accommodation to Buyer, and Atheros has no responsibilities whatsoever for the content or use of such advice or for any damages that may result from the use, support, maintenance, servicing or alteration of the Components by an Atheros
representative. 

 8. Limited Warranty 

	8.1	Component Warranty. Atheros warrants that the Components will substantially conform to the features specified in its then-current datasheet, as it may be amended
by Atheros from time to time, for a period of ninety (90) days from the date of shipment. Atheros warrants that all Components sold by Atheros to Buyer under the terms of this Agreement will be free from defects in workmanship and materials
under normal use and service for one (1) year from the date of shipment by Atheros. If a Component does not operate as warranted during the applicable warranty period, and provided that Buyer notifies Atheros promptly within the warranty period
and complies with the Atheros RMA Procedures, Atheros shall, in its sole discretion (a) deliver to Buyer an equivalent Component to replace such defective Component at Us expense or (b) if replacement is not feasible, refund or issue a
credit to Buyer (at Atheros’ sole discretion) in the amount of the purchase price paid for the defective Component. Replacement Components are warranted for ninety (90) days or the balance of the original warranty period, whichever is
longer. 

	8.2	Warranties Exclusive. 

	8.2.1	 Sole Remedy. BUYER’S SOLE REMEDY FOR BREACH OF THE EXPRESS WARRANTY ABOVE SHALL BE REPLACEMENT OR REFUND OR CREDIT (AT ATHEROS’ SOLE
DISCRETION) OF THE PURCHASE PRICE AS SPECIFIED ABOVE, AT ATHEROS’ OPTION. TO THE FULLEST EXTENT ALLOWED BY LAW, THE WARRANTY AND REMEDIES SET FORTH IN THIS AGREEMENT ARE EXCLUSIVE AND IN LIEU OF ALL OTHER WARRANTIES OR CONDITIONS, EXPRESS OR.
IMPLIED, EITHER IN FACT OR BY OPERATION OF LAW, STATUTORY OR OTHERWISE, INCLUDING BUT NOT LIMITED TO WARRANTIES, TERMS OR CONDITIONS OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, SATISFACTORY QUALITY, CORRESPONDENCE WITH DESCRIPTION,
NON-INFRINGEMENT, AND ACCURACY OF INFORMATION GENERATED, ALL OF WHICH ARE EXPRESSLY DISCLAIMED. ATHEROS’ WARRANTIES HEREIN RUN ONLY TO BUYER AND ARE NOT EXTENDED TO ANY THIRD PARTIES,

  
  

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WHICH FOR THE AVOIDANCE OF DOUBT, INCLUDES ANY AGENTS OR RESELLERS OF LICENSEE PRODUCTS OR END USERS. ATHEROS NEITHER ASSUMES NOR AUTHORIZES ANY OTHER PERSON TO ASSUME FOR IT ANY OTHER LIABILITY
IN CONNECTION WITH THE SALE, INSTALLATION, MAINTENANCE OR USE OF THE COMPONENTS. 

	8.2.2	No Atheros Defect. ATHEROS SHALL NOT BE LIABLE UNDER THIS WARRANTY IF ITS TESTING AND EXAMINATION DISCLOSE THAT THE ALLEGED DEFECT IN THE COMPONENT DOES NOT
EXIST OR WAS CAUSED BY BUYER’S, END USER’S OR ANY THIRD PERSON’S MISUSE, NEGLIGENCE, IMPROPER INSTALLATION OR IMPROPER TESTING, ATTEMPTS TO REPAIR OR USE BEYOND THE RANGE OF THE INTENDED USE, OR BY ACCIDENT, FIRE, LIGHTNING OR OTHER
HAZARD OR ANY OTHER CAUSE BEYOND ATHEROS’ CONTROL. 

	8.3	Buyer Responsibilities. Buyer acknowledges and agrees that Buyer is solely responsible for the selection of the Components, their ability to achieve the results
Buyer intends, their use with any hardware, software, peripherals or any system, and the performance that Buyer, Buyer’s customers and end users obtain from using them. Buyer alone shall assume any and all warranty obligations with customers
and end users for each Licensee Product that incorporates the Components, and Buyer has no authority to obligate Atheros in any way under each such warranty. 

 9. Deleted 
 10. Limitation of Liability 

	10.1	Omitted. Section 9 of the Technology License Agreement applies. 

	10.2	Omitted. Section 9 of the Technology License Agreement applies. 

	10.3	Special Applications. The Components are not designed and are not warranted to be suitable for use in applications involving the risk of personal injury or death
or the destruction of property, medical life support devices, or similar applications (‘“Special Applications”). Use of any Atheros product in a Special Application without the express written approval of Atheros is prohibited and
ATHEROS SHALL NOT BE LIABLE FOR ANY DAMAGES ASSOCIATED WITH SUCH USE. Buyer assumes any and all risks associated with the use of the Components in Special Applications and shall indemnify, defend, and hold Atheros harmless from any third-party
claims arising out of or related to the use of the Components in any such Special Applications. 

  

	11.	Export Compliance. Buyer agrees not to export, either directly or indirectly, the Components or technical data without first obtaining any required license or
other approval from the U.S. Department of Commerce or any other agency or department of the United States Government. If Buyer exports any Components or technical data from the United States or re-exports it from a foreign destination, Buyer shall
ensure that the export/re-export or import of the Components and technical data is in compliance with all laws, regulations, orders or other restrictions of the United States and the appropriate foreign government. Atheros may require Buyer to
execute a Letter of Assurance on an annual basis or more frequently when required and may require details on the end user or end use application when necessary in order to comply with U.S. export license requirements. 

12. General 

	12.1	Force Majeure. Atheros shall not be liable to Buyer for any alleged loss or damages resulting from delays in performance (including loss or damages resulting
from delivery of the Components being delayed) resulting from acts of Buyer, acts of civil or military authority, governmental priorities, earthquake, fire, flood, epidemic, quarantine, energy crisis, unavailability of supplies, strike, labor
trouble, war, riot, accident, shortage, delay in transportation, or any other causes beyond Atheros’ reasonable control. 

  

	12.2	Survival. The following provisions shall survive the termination of this Agreement or the relationship between Atheros and Buyer: Articles: 3.3 Title, 3.4
Exporter and Importer of Record; 4. Returns; 5. Prices; Payment; Taxes, 6. No License; Markings, 8. Limited Warranty, 10. Limitation of Liability, 11. Export Compliance and 12. General. 

  
  

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