Document:

DVD Playback Technology License Agreement

 Exhibit 10.1 
  
 Confidential 
  
 CERTAIN INFORMATION IN THIS EXHIBIT HAS BEEN OMITTED AND FILED SEPARATELY WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH RESPECT TO THE OMITTED
PORTIONS. OMITTED INFORMATION HAS BEEN REPLACED BY [*]. 
  
 DVD PLAYBACK TECHNOLOGY LICENSE AGREEMENT 
  
 This DVD Playback
Technology License Agreement (“Agreement”) is entered into and effective as of the latter of the two signature dates below (“Effective Date”) by and between MICROSOFT
CORPORATION (“Microsoft”), a Washington corporation located at One Microsoft Way, Redmond, WA 98052 (including its majority owned subsidiaries, successors and assigns) and
INTERVIDEO, INC. (“INTERVIDEO”), a Delaware corporation located at 46430 Fremont Boulevard, Fremont, CA 94538 (including its wholly-owned subsidiaries, successors and assigns). In this Agreement, Microsoft and
INTERVIDEO may be referred to individually as a “Party” and collectively as the “Parties”. 
  
 Recitals 
  

	 	A.	WHEREAS, INTERVIDEO, among other things, develops MPEG-1/MPEG-2 decode technology for use in the Microsoft Windows platform and other systems (“MPEG-1/MPEG-2 Decode
Technology”); 

  

	 	B.	WHEREAS, Microsoft desires to license such MPEG-1/MPEG-2 Decode Technology for use in Microsoft products and to interoperate with Microsoft products and INTERVIDEO is willing to
license Microsoft the INTERVIDEO MPEG-1/MPEG-2 Decode Technology on the terms set forth herein; and 

  

	 	C.	WHEREAS, Microsoft further desires, and INTERVIDEO is willing to provide, technical support to Microsoft for such MPEG-1/MPEG-2 Decode Technology under the terms and conditions of
this Agreement. 

  
 NOW THEREFORE for good and
valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereby agree as follows: 
  
 Agreement 
  

	1.	DEFINITIONS 

  

	 	1.1	“INTERVIDEO MPEG-1/MPEG-2 Decode Technology” means, subject to Section 2.4, the software-based implementation of MPEG-1/MPEG-2 Decode Technology [*]
developed by or for INTERVIDEO and distributed by or for INTERVIDEO as initially delivered to Microsoft under Section 3.1 and as further described in Exhibit A. 

  

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	 	1.2	“Term” means the period of time commencing on the Effective Date and ending on May 30, 2012. 

  

	 	1.3	“Updates” means any bug fixes or error corrections to the INTERVIDEO MPEG-1/MPEG-2 Decode Technology created by INTERVIDEO and released during the Term of
this Agreement. 

  

	2.	LICENSE GRANT; OWNERSHIP 

  

	 	2.1	License to Microsoft. Subject to Section 4.2, INTERVIDEO hereby grants to Microsoft under INTERVIDEO’s rights the following perpetual, non-exclusive, irrevocable
(except as provided in Section 11.2), [*] worldwide right and license to: 

  

	 	(a)	To use, copy and create derivative works of the INTERVIDEO MPEG-1/MPEG-2 Decode Technology; 

  

	 	(b)	publicly perform or display, import, broadcast, transmit, offer to sell, sell, have sold, rent, lease, lend, transfer or otherwise distribute or have distributed the
INTERVIDEO MPEG-1/MPEG-2 Decode Technology; 

  

	 	(c)	Sublicense the rights set forth in Sections 2.1(b) to third parties in connection with the licensing of the Microsoft product that includes the INTERVIDEO MPEG-1/MPEG-2
Decode Technology. 

  

	 	2.2	Limitation [*]. For a period of [*] from the Effective Date of this Agreement, Microsoft shall not license, disclose or provide the [*] for the INTERVIDEO
MPEG-1/MPEG-2 Decode Technology to any of the following entities or any of their affiliates [*]. Notwithstanding the above, during this [*] period, Microsoft may disclose the [*] in accordance with a judicial or other governmental order, provided
that Microsoft either (i) gives INTERVIDEO reasonable notice prior to such disclosure to allow INTERVIDEO a reasonable opportunity to seek a protective order or equivalent, or (ii) obtains written assurance from the applicable judicial or
governmental entity that it will afford the [*] the highest level of protection afforded under applicable law or regulation. 

  

	 	2.3	No Obligation. Nothing herein shall be construed as requiring Microsoft to exercise the rights granted herein. 

  

	 	2.4	 Third Party Licensed Technology. Microsoft acknowledges and agrees that the INTERVIDEO MPEG-1/MPEG-2 Decode Technology licensed to Microsoft hereunder
by INTERVIDEO includes or implements certain technology standards, 

  

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	 	and, as a result, the INTERVIDEO MPEG-1/MPEG-2 Decode Technology may, absent a license, infringe on intellectual property rights claimed to be held and/or administered by MPEG-LA,
DVD Copy Control Association, Dolby Laboratories, Nissim Corporation, Thomson Multimedia, and Fraunhofer IIS, respectively (“Third Party IP Holders”) and other third parties. For the purposes of this Agreement, the intellectual
property rights described above and administered by such Third Party IP Holders with respect to the DVD Specification, MPEG-1 ISO/IEC 11172, MPEG-2 ISO/IEC 13818, ATSC (American Television Systems Committee), ISDB (Integrated Services Digital
Broadcasting), DVB (Digital Video Broadcasting) HD-DVD and/or Blu-Ray Disc standards shall be referred to as “Third Party Licensed Technology”. The parties agree that, as between them, INTERVIDEO shall not be responsible for obtaining or
paying for licenses from any third party, including the Third Party IP Holders, that may own or administer intellectual property rights that would, absent a license, be infringed by the INTERVIDEO MPEG-1/MPEG-2 Decode Technology. In addition,
INTERVIDEO may give notices to Microsoft pursuant to its agreements with Third Party IP Holders. 

  

	 	2.5	Updates. Within 90 days of Microsoft’s written request, such request to be made no more frequently than once per calendar year, INTERVIDEO shall make the then
current Updates developed by or for INTERVIDEO during the Term available to Microsoft, free of charge. 

  

	 	2.6	Retention of Rights. Subject to the license granted to Microsoft, INTERVIDEO retains all right, title, and interests in and to the INTERVIDEO MPEG-1/MPEG-2 Decode
Technology. All other rights not granted by INTERVIDEO to Microsoft in Section 2.1 hereof are reserved to INTERVIDEO and no implied licenses are granted hereunder to Microsoft. Microsoft retains all right, title and interest in and to any derivative
technology created by or for Microsoft to the INTERVIDEO MPEG-1/MPEG-2 Decode Technology, subject to INTERVIDEO’s ownership of the underlying INTERVIDEO MPEG-1/MPEG-2 Decode Technology. Microsoft shall not take or permit to be taken any action
that would result in the INTERVIDEO MPEG-1/MPEG-2 Decode Technology or any part thereof entering the public domain, becoming subject to any open source licensing arrangement, or subject to an Excluded License. 

  

	3.	DELIVERY; ACCEPTANCE; TECHNICAL SUPPORT 

  

	 	3.1	Delivery of INTERVIDEO MPEG-1/MPEG-2 Decode Technology. Within five (5) days of the Effective Date, provided that Microsoft has paid to INTERVIDEO the amounts set
forth in Section 4.1(a), INTERVIDEO shall deliver the INTERVIDEO MPEG-1/MPEG-2 Decode Technology as described in Exhibit A to Microsoft in a form and format specified therein. 

  

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	 	3.2	Acceptance of INTERVIDEO MPEG-1/MPEG-2 Decode Technology. Microsoft shall evaluate the INTERVIDEO MPEG-1/MPEG-2 Decode Technology for its material conformance with the
definition of INTERVIDEO MPEG-1/MPEG-2 Decode Technology listed in Section 1.1 herein and inclusion of the components listed in Exhibit A attached hereto and shall submit a written (including without limitation by email) acceptance or rejection to
INTERVIDEO within thirty days (30) days after receipt of the INTERVIDEO MPEG-1/MPEG-2 Decode Technology. If Microsoft does not provide such acceptance or rejection within such timeframe, the INTERVIDEO MPEG-1/MPEG-2 Decode Technology will be deemed
accepted. In the event Microsoft identifies a material deficiency or significant error in the INTERVIDEO MPEG-1/MPEG-2 Decode Technology prior to acceptance, INTERVIDEO shall correct such material deficiency or significant error as soon as
practicable. If the INTERVIDEO MPEG-1/MPEG-2 Decode Technology has not been accepted by Microsoft within ninety (90) days of the Effective Date as a result of INTERVIDEO’s inability to correct a material deficiency or significant error, then
unless Microsoft pays to INTERVIDEO the amount set forth in Section 4.1(b), this Agreement shall automatically terminate as provided in Section 11.2(a). 

  

	 	3.3	Support Services. INTERVIDEO shall make INTERVIDEO MPEG-1/MPEG-2 Decode Technology support services available to Microsoft during the Term of the Agreement in
accordance with Exhibit C attached hereto. The first 72 man-hours of support services provided to Microsoft within 1 year hereof (“Base Support Services”) shall be provided at no charge to Microsoft. For any additional support services
(“Additional Support Services”), INTERVIDEO shall make support services available to Microsoft within one year from the Effective Date of the Agreement in accordance with Exhibit C attached hereto at a rate of [*] dollars per hour
(US$[*]). Following one year from the Effective Date, INTERVIDEO shall have no further support obligations or liability with respect to the INTERVIDEO MPEG-1/MPEG-2 Decode Technology. Without limiting the foregoing, following one year from the
Effective Date, upon Microsoft’s written request to INTERVIDEO and at INTERVIDEO’s sole discretion, INTERVIDEO may provide additional technical support services to Microsoft with respect to the INTERVIDEO MPEG-1/MPEG-2 Decode Technology.
Such additional services, if any, shall be subject to the payment of additional fees pursuant to a separate written agreement as mutually agreed by the Parties. 

  

	 	3.4	 Additional Support Services Payment. INTERVIDEO shall invoice Microsoft for such Additional Support Services fees via the MS Invoice online tool, in
accordance with the then-current requirements set forth at http://invoice.microsoft.com. Without limitation, INTERVIDEO’s invoices shall set forth all amounts due from Microsoft to INTERVIDEO, and shall 

  

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	 	contain sufficient detail to allow Microsoft to determine the accuracy of the amount(s) billed. Payment of an invoice without asserting a dispute is not a waiver of any claim or
right. Upon receipt of an invoice from INTERVIDEO, Microsoft shall pay such invoice on either of the following payment terms: (a) net sixty (60) days with no discount on the invoiced amount; or (b) net ten (10) days less a two percent (2%) discount
on the invoiced amount. If Microsoft reasonably disputes an invoice, it shall pay such invoice without prejudice to seek a refund for any amounts later found to be not due and payable provided it notifies INTERVIDEO of the disputed amount at the
time of payment. INTERVIDEO shall have no obligation to provide any Additional Support Services if Microsoft fails to pay for such services in accordance with the foregoing. 

  

	 	3.5	Improvements to Technologies. During the Term, each Party may, but is not obligated to, provide the other with suggestions, comments, feedback, and/or input regarding
the other Party’s products or services (collectively, “Product Input”). Each grants the other under all of their respective intellectual property and proprietary rights, the following worldwide, non-exclusive, perpetual,
irrevocable, royalty free, fully paid up rights: (a) to make, use, copy, modify, and create derivative works of the Product Input, (b) to publicly perform or display, import, broadcast, transmit, distribute, license, offer to sell, and sell, rent,
lease or lend copies of the Product Input (and derivative works thereof), (c) solely with respect to each Party’s copyright and trade secret rights, to sublicense to third parties the foregoing rights, including the right to sublicense to
further third parties, and (d) to sublicense to third parties any claims of any patents owned or licensable by each Party that are necessarily infringed by a third party product, technology or service that uses, interfaces, interoperates or
communicates with the Product Input. To the extent this Section 3.5 conflicts with any other obligations in this Agreement, this Section 3.5 shall be superseded by such obligations. 

  

	4.	PAYMENT 

  

	 	4.1	License Fees. As full consideration for the license rights granted and Base Support Services offered under this Agreement, Microsoft shall pay INTERVIDEO [*] as
follows: 

  

	 	(a)	[*]; and 

  

	 	(b)	[*]. 

  

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	 	4.2	[*] Option. If Microsoft chooses to utilize the INTERVIDEO MPEG-1/MPEG-2 Decode Technology for a DVD Playback solution included in [*] and for which Microsoft has paid
royalties for Third Party Licensed Technologies, Microsoft shall pay INTERVIDEO an additional [*] U.S. Dollars ($[*]) within thirty (30) days of written notice to INTERVIDEO of Microsoft’s intention to exercise such option.

  

	5.	PUBLICITY 

  
 Neither Party shall issue any initial press release or make any other public disclosures or communications regarding this Agreement or its terms or nature
without the other Party’s prior written consent, not to be unreasonably withheld, as to the specific content and timing of the release, disclosure, or communication. For purposes of clarification, nothing in this section is intended to prohibit
any Party from complying with its legal obligations or compliance with financial reporting or other public company disclosure obligations or securities laws. The Parties will issue a joint press release regarding the transaction contemplated by this
Agreement. 
  

	6.	NON-EXCLUSIVE RELATIONSHIP 

  
 All of the parties’ obligations under this Agreement are nonexclusive and shall not be construed as limiting either
Party’s ability to develop, deploy or support similar or identical products or services. 
  

	7.	CONFIDENTIALITY 

  
 Except as otherwise provided in Section 5, the terms and conditions of this Agreement and parties’ performance hereunder are subject to the terms and
conditions of the Microsoft Non-Disclosure Agreement dated AUGUST 13, 2001 between the parties. 
  

	8.	WARRANTIES 

  

	 	8.1	INTERVIDEO warrants and represents that: 

  

	 	(a)	As of the date of release to Microsoft, and as delivered to Microsoft, the INTERVIDEO MPEG-1/MPEG-2 Decode Technology does not infringe or misappropriate any copyright, trade
secret or trademark held by any third party; 

  

	 	(b)	The INTERVIDEO MPEG-1/MPEG-2 Decode Technology conforms to the DVD Decoding specifications published by the DVD Forum; 

  

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	 	(c)	It has not previously granted, and shall not grant, any rights in the INTERVIDEO MPEG-1/MPEG-2 Decode Technology to any third party that would be in the nature of an
exclusive license that would prevent Microsoft’s use of the INTERVIDEO MPEG-1/MPEG-2 Decode Technology as contemplated herein; 

  

	 	(d)	As of the Effective Date, INTERVIDEO is not aware of any suit, claim, action, proceeding, or investigation pending or threatened against INTERVIDEO that could affect the
validity or enforceability of INTERVIDEO’s intellectual property and proprietary rights as it relates to any rights granted by INTERVIDEO to the INTERVIDEO MPEG-1/MPEG-2 Decode Technology herein, Microsoft’s rights to the INTERVIDEO
MPEG-1/MPEG-2 Decode Technology, or INTERVIDEO’s ability to perform its obligations hereunder; 

  

	 	(e)	The INTERVIDEO MPEG-1/MPEG-2 Decode Technology is not, and when delivered to Microsoft shall not be, in whole or in part, governed by an Excluded License. An
“Excluded License” is any license that requires, as a condition of use, modification and/or distribution of software subject to the Excluded License, that such software and/or other software combined and/or distributed
with such software be (i) disclosed or distributed in source code form; (ii) licensed for the purpose of making derivative works; or (iii) redistributable at no charge. 

  

	 	(f)	Disclaimer of Warranties. EXCEPT AS EXPRESSLY PROVIDED IN THIS SECTION 8, INTERVIDEO EXPRESSLY DISLCAIMS ANY AND ALL WARRANTIES AND CONDITIONS OF ANY KIND OR NATURE,
WHETHER EXPRESS, IMPLIED OR STATUTORY, RELATING TO OR ARISING FROM THE INTERVIDEO MPEG-1/MPEG-2 DECODE TECHNOLOGY, INCLUDING WITHOUT LIMITATION, THE IMPLIED WARRANTIES OF TITLE, NONINFRINGEMENT, MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE.

  

	 	8.2	Microsoft warrants and represents that: 

  

	 	(a)	It has the right, full power and lawful authority to enter into this Agreement for the purposes herein and to carry out its obligations under this Agreement.

  

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	 	(b)	Notwithstanding any other provision in this Section 8, Microsoft makes no warranties or representations for any modification created by INTERVIDEO for Microsoft. 

  

	 	(c)	EXCEPT AS EXPRESSLY PROVIDED IN THIS SECTION 8.2, MICROSOFT EXPRESSLY DISCLAIMS ANY AND ALL OTHER WARRANTIES AND CONDITIONS OF ANY KIND OR NATURE, WHETHER EXPRESS, IMPLIED OR
STATUTORY. 

  

	9.	INDEMNITY 

  

	 	9.1	Indemnification by INTERVIDEO. INTERVIDEO will, at its sole expense and promptly upon Microsoft’s written request, defend Microsoft, is subsidiaries, and
its respective directors, officers, employees, agents and independent contractors (collectively “Microsoft Indemnitee”), and will pay any liabilities, damages, losses, judgments, authorized settlements, costs and expenses awarded to
any third party, as well as Microsoft’s reasonable expenses (including reasonable attorney’s fees) (collectively, “Microsoft Claims”), resulting from a breach of INTERVIDEO’s warranties hereunder, but excluding any
Microsoft Claim that arises from Microsoft’s breach of its warranties or obligations hereunder. 

  

	 	9.2	Indemnification by Microsoft. Microsoft will, at its sole expense and promptly upon INTERVIDEO’s written request, defend INTERVIDEO, its subsidiaries, licensees,
and its respective directors, officers, employees, agents and independent contractors (collectively “INTERVIDEO Indemnitees”), and will pay any liabilities, damages, losses, judgments, authorized settlements, costs and expenses
awarded to any third party, as well as INTERVIDEO’s reasonable expenses (including reasonable attorney’s fees) (collectively, “INTERVIDEO Claims”), resulting from either (i) a breach of Microsoft’s warranties
hereunder or (ii) a claim or suit of infringement (including direct, contributory or inducement of infringement) of Third Party Licensed Technology brought by a Third Party IP Holder with respect to Microsoft’s exercise of the license rights
granted herein, but excluding any INTERVIDEO Claim that arises from INTERVIDEO’s breach of its warranties or obligations hereunder. 

  

	 	9.3	 Procedures for Indemnity. In the event either Party becomes aware of any indemnifiable Claim, (“Claim” shall include either Microsoft Claims
or INTERVIDEO Claims or both as the case may be) that Party shall: (a) reasonably promptly notify the other Party in writing; (b) provide the other Party with reasonable cooperation in the defense thereof; and (c) not settle any such Claim without
the other Party’s consent (unless such Claim or the defense thereof could give rise to criminal liability, reasonably could have a 

  

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	 	material adverse effect on Microsoft’s business in the jurisdiction of such proceeding or involves a material risk of the sale, forfeiture or loss of, or the creation of any
material lien on, INTERVIDEO or any Microsoft property). The other Party shall not unreasonably withhold its consent to such settlement. Either Party shall have the right to have its own counsel participate in the defense of any such claim at its
own expense. Notwithstanding the foregoing, either Party will be entitled (using its own counsel and without the consent of the other Party) to control the defense of, and settle, any claim if the other Party does not reply and take charge of such
Claim within a reasonable time after written demand under this indemnification. In such event, the other Party shall be entitled to seek its reasonable attorney’s fees and costs and reimbursement of any reasonable settlement or judgment
actually paid. 

  

	 	9.4	Duty to Correct. In addition to INTERVIDEO’s obligations hereunder, should the INTERVIDEO MPEG-1/MPEG-2 Decode Technology or any portion thereof be held by the
judgment of any court of competent jurisdiction to constitute an infringement of a third party’s copyright or trade secret rights and use as contemplated by this Agreement as a result thereof be enjoined or be threatened to be enjoined (but not
including a mere complaint filed seeking a preliminary injunction where the party filing does not move immediately for such remedy), INTERVIDEO shall notify Microsoft and immediately, at INTERVIDEO’s expense and either: (a) procure for
Microsoft the right to continue use the INTERVIDEO MPEG-1/MPEG-2 Decode Technology or portion thereof, as applicable; or (b) replace or modify the INTERVIDEO MPEG-1/MPEG-2 Decode Technology or portion thereof with a version that is non-infringing,
provided that the replacement or modified version is to Microsoft’s reasonable satisfaction. Under no circumstance shall the foregoing apply to any claim by any third party with respect to patent infringement or any claim of patent
infringement. 

  

	10.	EXCLUSION OF CERTAIN DAMAGES; LIABILITY CAP; 

  
 WITH THE EXCEPTION OF INTENTIONAL MISCONDUCT OR GROSS NEGLIGENCE OR EITHER
PARTY’S BREACH OF SECTION 7 (CONFIDENTIALITY), OR THE INFRINGEMENT OF EITHER PARTY’S INTELLECTUAL PROPERTY RIGHTS BY THE OTHER, AND WITH THE EXCEPTION OF A PARTY’S OBLIGATION TO PAY AMOUNTS TO THIRD PARTIES IN CONNECTION WITH A CLAIM
COVERED BY THE INDEMNIFICATION PROVISIONS OF THIS AGREEMENT, TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, NEITHER PARTY SHALL BE LIABLE FOR ANY INDIRECT, INCIDENTAL, CONSEQUENTIAL, PUNITIVE OR SPECIAL DAMAGES WHATSOEVER ARISING OUT OF OR IN
ANY WAY CONNECTED TO THE ACTIVITIES 

  

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 CONTEMPLATED BY THIS AGREEMENT REGARDLESS OF THE LEGAL THEORY UPON WHICH ANY CLAIM FOR SUCH DAMAGES IS BASED, EVEN IN THE EVENT OF THE FAULT, TORT
(INCLUDING NEGLIGENCE), STRICT LIABILITY, BREACH OF CONTRACT OR BREACH OF WARRANTY OF EITHER PARTY. THE FOREGOING EXCLUSION APPLIES EVEN IF SUCH PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES IN ADVANCE AND EVEN IF ANY AVAILABLE REMEDY
FAILS OF ITS ESSENTIAL PURPOSE. NOTWITHSTANDING THE ABOVE, WITH THE EXCEPTION OF MICROSOFT’S OBLIGATION TO PAY AMOUNTS TO THIRD PARTIES IN CONNECTION WITH A CLAIM COVERED BY THE INDEMNIFICATION PROVISIONS OF THIS AGREEMENT OR INTERVIDEO’S
OBLIGATIONS TO PAY AMOUNTS TO THIRD PARTIES IN CONNECTION WITH A CLAIM COVERED BY THE INDEMNIFICATION PROVISIONS FOR INTERVIDEO’S BREACH OF SECTION 8.1(A) HEREIN, IN NO EVENT SHALL EITHER PARTY’S LIABILITY UNDER THIS AGREEMENT EXCEED [*]
DOLLARS (US $[*]). 
  

	11.	TERMINATION 

  

	 	11.1	Termination. 

  

	 	(a)	This Agreement may be terminated by Microsoft if the INTERVIDEO MPEG-1/MPEG-2 Decode Technology has not been qualified by Microsoft in accordance with Section 3.2 upon thirty
(30) days of written notice thereof. 

  

	 	(b)	In addition Microsoft may terminate this Agreement upon thirty (30) days notice to INTERVIDEO. 

  

	 	11.2	Effect of Termination. 

  

	 	(a)	If this Agreement is terminated pursuant to Section 3.2 or 11.1(a): (i) INTERVIDEO shall repay to Microsoft ninety (90) percent of the amount paid to INTERVIDEO by Microsoft
pursuant to Section 4.1(a). If this Agreement is terminated by Microsoft pursuant to either Section 3.2, 11.1(a) or (b): (i) this Agreement shall terminate except for the provisions set forth in Section 11.2(b); (ii) Microsoft shall immediately
return to INTERVIDEO all documents, materials and software provided by INTERVIDEO to Microsoft hereunder or derived by Microsoft from such documents, materials or software; and (iii) and all rights and licenses granted by INTERVIDEO to Microsoft
shall terminate. 

  

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	 	(b)	The following provision shall survive the termination of this Agreement: Sections 2.1, 2.3, 2.4, 2.6, and Sections 5 through 12 inclusive. 

  

	12.	GENERAL 

  

	 	12.1	Notices. All notices, authorizations, and requests in connection with this Agreement are deemed given as of the day they are received by the recipient either by
messenger, delivery service, or in the United States of America mails, postage prepaid, certified or registered, return receipt requested, and addressed as set forth below, or to such other address as the Party to receive the notice, authorization
or request so designates by written notice to the other: 

  

			
	TO MICROSOFT:	  	TO INTERVIDEO:
		
	MICROSOFT CORPORATION	  	INTERVIDEO, INC.
	ONE MICROSOFT WAY	  	46430 FREMONT BOULEVARD
	REDMOND, WA 98052	  	FREMONT, CA 94538
	ATTN: LAW & CORPORATE AFFAIRS	  	ATTN: RANDALL BAMBROUGH
		
	PHONE: [*]	  	PHONE: [*]
	FAX: [*]	  	FAX: [*]
		
	 	  	WITH A COPY TO
		
	 	  	WILSON SONSINI GOODRICH & ROSATI
	 	  	650 PAGE MILL RD
	 	  	PALO ALTO, CA 94304
	 	  	ATTN: SELWYN GOLDBERG, ESQ.
		
	 	  	FAX: (650) 493-6811

  

	 	12.2	Independent Contractors. INTERVIDEO and Microsoft are independent contracting parties. Nothing in this Agreement should be construed as creating an employer-employee
relationship, partnership, joint venture, agency relationship or as granting a franchise. 

  

	 	12.3	 Assignment. Microsoft may not assign this Agreement, or any rights or obligations hereunder, whether by operation of contract, law or otherwise,
except with the express written consent of INTERVIDEO, and any attempted assignment by Microsoft in violation of this Section is void. INTERVIDEO shall not unreasonably withhold its consent in such 

  

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	 	circumstances, however. For purposes of this Agreement, an “assignment” by Microsoft under this Section is deemed to include, without limitation, each of the following:
(i) a merger of Microsoft with another party, whether or not Microsoft is the surviving entity; (ii) the acquisition of more than fifty percent (50%) of any class of Microsoft’s voting stock (or any class of non-voting security convertible into
voting stock) by another party (whether in a single transaction or series of transactions); and (iii) the sale or other transfer of more than fifty percent (50%) of Microsoft’s assets (whether in a single transaction or series of transactions).
In the event of such assignment or attempted assignment by Microsoft, INTERVIDEO may, but is not obligated to, immediately terminate this Agreement. INTERVIDEO may transfer or assign this agreement without limitation provided that no such assignment
shall impair Microsoft’s rights or licenses hereunder. 

  

	 	12.4	Dispute Resolution. This Agreement will be construed and controlled by the laws of the State of Washington, and INTERVIDEO and Microsoft consent to exclusive
jurisdiction and venue in the federal courts sitting in the State of Washington, unless no federal subject matter jurisdiction exists, in which case the parties consent to exclusive jurisdiction and venue in the state courts located in the State of
New York. INTERVIDEO and Microsoft waive all defenses of lack of personal jurisdiction and forum non-conveniens. Process may be served on either Party in the manner authorized by applicable law or court rule. In any action or suit to enforce any
right or remedy under this Agreement or to interpret any provision of this Agreement, the prevailing Party will be entitled to recover its reasonable attorneys’ fees, costs, and other expenses. 

  

	 	12.5	Waiver. Failure by either Party to enforce any provision of this Agreement will not be deemed a waiver of future enforcement of that or any other provision.

  

	 	12.6	Construction. If for any reason a court of competent jurisdiction finds any provision of this Agreement, or portion thereof, to be unenforceable, that provision of the
Agreement will be enforced to the maximum extent permissible so as to effect the intent of the Parties, and the remainder of this Agreement will continue in full force and effect. Each Party acknowledges that no other party, or any agent or attorney
of any party, has made any promise, representation, or warranty whatsoever, expressed or implied, not contained herein, concerning the subject matter hereof, to induce it to execute this document, and each Party acknowledges that it has not executed
this document in reliance on any such promise, representation, or warranty not contained herein. This Agreement has been jointly drafted by the Parties following negotiations between them and their respective counsel. It will be construed according
to the fair intent of the language as a whole, and not for or against either Party. 

  

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	 	12.7	Entire Agreement. This Agreement does not constitute an offer by either Party and it will not be effective until signed by both parties. This Agreement, including the
Exhibits, constitutes the entire agreement between the parties with respect to the subject matter hereof and merges all prior and contemporaneous communications. Notwithstanding the foregoing, the Development and License Agreement by and between
Microsoft and INTERVIDEO effective as of June 1, 2004 shall remain in full force and effect (the “Xbox Agreement”). All technologies licensed to Microsoft under the Xbox Agreement shall not be the subject of this Agreement but shall
remain subject to the terms of the Xbox Agreement. Without limiting the foregoing, nothing set forth herein shall limit Microsoft’s payment obligations under the Xbox Agreement. This Agreement may not be modified except by a written agreement
dated subsequent to the date of this Agreement and signed on behalf of INTERVIDEO and Microsoft by their respective duly authorized representatives. 

  
 In Witness Whereof, the parties have entered into this Agreement as of the Effective Date written above. 
  

			
	MICROSOFT CORPORATION	 	INTERVIDEO, INC.
		
	 /s/ Will Poole

	 	 /s/ Randall I. Bambrough

	By (Sign)	 	By (Sign)
	 Will Poole

	 	 Randall I. Bambrough

	Name (Print)	 	Name (Print)
	 Senior VP

	 	 CFO

	Title	 	Title
	 6/28/05

	 	 6/28/05

	Date	 	Date

  

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 EXHIBIT A 
  
 INTERVIDEO DVD PLAYBACK TECHNOLOGY COMPONENTS 
  
 DVD Decoder 
  
 The INTERVIDEO Decoder contains the following components: 
  
 Software Description: 
  
 1. [*] 
 2. [*] 
 3. [*] 
 4. [*] 
  

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 EXHIBIT B 
  
 INTENTIONALLY LEFT BLANK 
  

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 EXHIBIT C 
 SUPPORT SERVICES 
  

	1.	DEFINITIONS 

  
 Terms not defined in this Exhibit C shall have the meanings set forth in the Agreement. 
  
 “Microsoft Technical Contacts” shall have the meaning set forth in Section 3.2 of this Exhibit C. 
  

	2.	SUPPORT SERVICES 

  

	 	2.1	Errors. Following acceptance of the INTERVIDEO MPEG-1/MPEG-2 Decode Technology, INTERVIDEO shall correct errors in the INTERVIDEO MPEG-1/MPEG-2 Decode Technology delivered to
Microsoft under this Agreement in accordance with the response and resolution times set forth in Attachment 1. 

  

	 	2.2	E-mail and Telephone Support. INTERVIDEO shall provide, with respect to the INTERVIDEO MPEG-1/MPEG-2 Decode Technology, e-mail and telephone support for Microsoft Technical
Contacts during INTERVIDEO’s normal business hours, which are currently 9:00am to 5:00pm, Pacific Time, Monday through Friday, USA holidays excepted, and which INTERVIDEO may change from time to time. Support is intended for Microsoft Technical
Contacts only, who in turn support Microsoft’s other development and technical support engineers, end users, distributors, and OEMs. 

  

	 	2.3	Escalation Process. INTERVIDEO shall provide an escalation process for support inquiries that are not satisfactorily addressed in a reasonable timeframe in line with the
parameters set forth above. In such cases, Microsoft shall contact the vice president responsible for the development and support of the INTERVIDEO MPEG-1/MPEG-2 Decode Technology, providing details of the issue including the tracking number issued
when the inquiry was first submitted to INTERVIDEO. INTERVIDEO shall, within a reasonable amount of time, respond to Microsoft with a plan to address the inquiry, and, if appropriate, provide a solution, work-around, or other remedy. Should the
inquiry remain unsatisfactorily resolved, Microsoft may escalate the issue to INTERVIDEO’s executive management and/or Microsoft may take any other action permitted under the Agreement. 

  

 Page 16 of 18 

 Confidential 
  

	3.	MICROSOFT OBLIGATIONS 

  

	 	3.1	End User Support. Microsoft shall have sole responsibility for providing technical and maintenance support to Microsoft’s end users, OEMs, and distributors.

  

	 	3.2	Technical Contacts. Microsoft shall designate no more than four development engineers as points of contact for support (“Microsoft Technical Contacts”). All contact
to INTERVIDEO regarding support shall be made by Microsoft Technical Contacts. Microsoft shall designate replacement Microsoft Technical Contacts from time to time by notifying INTERVIDEO via e-mail sent to an e-mail address as specified from time
to time by INTERVIDEO. Microsoft may add further contacts for the fee set forth below. The designated Microsoft Technical Contacts at the time of execution of the Agreement are: 

  
 First designated contact: 
  

			
	Name:	  	[*]
	Address:	  	One Microsoft Way, Redmond, WA 98052
	E- Mail:	  	[*]
	Telephone	  	[*]

  
 Second designated contact: 
  

			
	Name:	  	[*]
	Address:	  	One Microsoft Way, Redmond, WA 98052
	E-Mail:	  	[*]
	Telephone:	  	[*]

  
 Third designated contact: 
  

			
	Name:	  	[*]
	Address:	  	One Microsoft Way, Redmond, WA 98052
	E-Mail:	  	[*]
	Telephone:	  	[*]

  
 Fourth designated contact: 
  

			
	Name:	  	[*]
	Address:	  	One Microsoft Way, Redmond, WA 98052
	E-Mail:	  	[*]
	Telephone:	  	[*]

  

 Page 17 of 18 

 Confidential 
  

	 	3.3	Suspected Errors. With respect to any suspected Error in the INTERVIDEO MPEG-1/MPEG-2 Decode Technology, Microsoft shall investigate and isolate such error, and determine a
work-around or other solution if possible. Should Microsoft determine that the suspected error is in fact due to a problem in the INTERVIDEO MPEG-1/MPEG-2 Decode Technology, Microsoft shall promptly report the issue to INTERVIDEO, whether or not a
work-around or other solution is available. 

  

	 	3.4	Initiation of Support Calls. Microsoft shall initiate all support calls by having one of the Microsoft Technical Contacts contact INTERVIDEO. The e-mail message or phone
message shall describe the problem in detail, and include all relevant information and the Severity of the Error. All information regarding the Error, including its existence, shall be considered Confidential Information as defined in the Agreement.

  
 Attachment 1 
  
 Response and Resolution Times 
  

							
	 Severity

	  	 Definition

	  	Response

	  	Resolution

	1	  	Critical: Problem which prevents or seriously impairs the performance of substantially all major functions.	  	2 hours	  	24 hours
	2	  	Severe Impact: Problem which prevents or seriously impairs the performance of a major function.	  	24 hours	  	3 days
	3	  	Degraded Operation: Problem which disables or impairs the performance of a minor function.	  	48 hours	  	2 weeks

  

 Page 18 of 18Centerpark Plaza Office Lease dtd June 2, 2005

 EXHIBIT 10.1 
  
 This First Amendment to Office Lease (the “Amendment”) contains certain representations and warranties (the
“Representations”) by Axesstel, Inc. (the “Company”) in favor of the Landlord named therein (the “Landlord”). The Amendment is filed in accordance with the rules of the Securities and Exchange Commission as a material
agreement, and is intended by the Company solely as a record of the material agreement the Company has reached with the Landlord. The filing of the Amendment is not intended to entitle any person, other than the parties to the Amendment to rely on
the Representations contained in the Amendment, or as a mechanism to update, supersede or otherwise modify prior disclosures of information and risks concerning the Company which the Company has made to its stockholders. 
  
 Investors and potential investors should be aware that certain
Representations made to the Landlord are not intended to be affirmative representations of facts, situations or circumstances, but are instead designed and intended to allocate certain risks between the Company, on the one hand, and the Landlord, on
the other hand. The use of representations and warranties to allocate risk is a standard device in investment and other commercial contracts. 
  
 Accordingly, stockholders should not rely on the Representations as affirmations or characterizations of information concerning the Company as of the date
of the Amendment, or as of any other date. 
  
 FIRST AMENDMENT
TO OFFICE LEASE 
  
 This FIRST AMENDMENT TO OFFICE LEASE (this
“Amendment”) is entered into as of the 2nd day of June, 2005 (the “Effective Date”), by and between R&D PORTFOLIO HOLDINGS, LLC, a Delaware limited liability company (“Landlord”), and AXESSTEL,
INC., a Nevada corporation (“Tenant”). 
  
 W I T N E S S E T H: 
  
 WHEREAS, Landlord’s predecessor-in-interest, MULLROCK UMBRELLA, LLC, a Delaware limited liability company (“Original Landlord”), and
Tenant entered into that certain Office Lease dated May 28, 2004 (the “Original Lease”), covering premises commonly known as Suite 200 in the building (the “Building”) commonly known as the “Centerpark Plaza
II”, located at 6815 Flanders Drive, San Diego, California 92121 (“Building”); 
  
 WHEREAS, Landlord has purchased the Building from the Original Landlord; 
  
 WHEREAS, Tenant currently occupies Suite 200, which consists of approximately 13,120 rentable square feet (the
“Premises”) in the Building; 
  
 WHEREAS, the
term of the lease (the “Lease Term”) commenced on approximately September 24, 2004 (the “Commencement Date”), and is scheduled to expire on February 28, 2010 (the “Expiration Date”); 
  
 WHEREAS, subject to the terms and conditions of this Amendment, Landlord and
Tenant now desire to, among other things, extend the Lease Term and add to the Premises 3,981 rentable square feet commonly known as Suite 210 of the Building, as such space is further identified on Exhibit A attached hereto and incorporated
herein (the “Expansion Premises”); and 
  
 WHEREAS, Landlord and Tenant desire to modify the terms and provisions of the Original Lease as set forth herein. 
  
 NOW, THEREFORE, for and in consideration of the mutual terms and conditions set forth herein, and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, Landlord and Tenant agree as follows: 
  
 1. Expansion Premises. Subject to the terms and conditions of this First Amendment, Landlord hereby leases to Tenant and Tenant leases from Landlord the Expansion Premises. The square footage of the Expansion
Premises set forth in the recitals above is hereby stipulated by Landlord and Tenant to be true and correct. From and after the Expansion Premises Commencement Date (defined below), all references in the Lease to the “Premises” shall be
deemed to include the Expansion Premises, as appropriate (unless the context requires otherwise). 
  
 2. Expansion Premises Commencement Date. The “Expansion Premises Commencement Date” shall mean the date of Substantial Completion
of the Expansion Premises in accordance with the space plan attached hereto as Exhibit A and the Work Letter Agreement attached hereto as Exhibit B, which is anticipated to be August 1, 2005. 

 3. Expansion Premises Lease Term. The term of Tenant’s lease of the Expansion Premises (the
“Expansion Premises Lease Term”) shall commence on the Expansion Premises Commencement Date and shall terminate sixty-seven (67) months thereafter, measured from the Expansion Premises Commencement Date if such date is the first day
of a calendar month or otherwise measured from the first day of the calendar month beginning after the Expansion Premises Commencement Date, which date shall be the “Expansion Premises Measurement Date.” The Expansion Premises Lease
Term shall include any period of less than one (1) month from the Expansion Premises Commencement Date to the Expansion Premises Measurement Date. The “Expansion Premises Expiration Date” shall be the last day of the last calendar
month occurring upon the lapse of sixty-seven (67) months measured from the Expansion Premises Measurement Date. 
  
 4. Extension of Lease Term. The term of Tenant’s lease of the Premises shall extend through and including the Expansion Premises Expiration
Date, such that the Lease Term and the Expansion Premises Lease Term expire on the same date. Similarly, the Expiration Date of the Lease, as amended hereby, shall be changed such that it falls on the same date as the Expansion Premises Expiration
Date (as defined in Paragraph 3 above); and for all purposes, the “original Term” of the Lease (as such term or similar terms may be used in the Lease) shall mean the Lease Term as extended to the Expansion Premises Expiration Date,
including but not limited to purposes of exercising the Extension Option pursuant to Section 2.2(b) of the Lease. The Extension Option shall be applicable to the Premises and the Expansion Premises collectively, and Section 2.2 of the Lease is
hereby amended to replace the term “Premises” with the term “Premises and Expansion Premises” throughout said section. 
  
 5. Monthly Basic Rent for Expansion Premises. 
  
 (a) Rent Schedule. Tenant shall pay to Landlord monthly Basic Rent for the Expansion Premises in accordance with the schedule and in the amount set
forth below: 
  

					
	 Months of Term

	  	Monthly Basic Rent

	  	 Monthly Basic Rent
 per Rentable Square Foot

	     1-12*
	  	$6,568.65	  	$1.65
	 13-24
	  	$6,847.32	  	$1.72
	 25-36
	  	$7,125.99	  	$1.79
	 37-48
	  	$7,404.66	  	$1.86
	 49-60
	  	$7,683.33	  	$1.93
	 61-67
	  	$8,001.81	  	$2.01

	*	Including any partial month at the beginning of the Term if the Commencement Date does not fall on the first day of the month, provided that Monthly Basic Rent for such partial
month shall be prorated in accordance with Section 3.1 of the Lease. 

 (b) Rent Abatement. Notwithstanding anything to the contrary set forth herein, and provided Tenant
is not then in default under the Lease, subject to the last sentence of this paragraph, Landlord hereby agrees to abate Tenant’s obligation to pay a portion of the Monthly Basic Rent for the first (1st) through and including the third (3rd) months of the Expansion Premises Lease Term, in the amount of $1,618.65 for each such month; provided, however, that if the 1st month is a partial month such that prorated Monthly Basic Rent for such month is less than the abatement amount for such month, then said rent abatement period shall be deferred to second
(2nd) through and including the fourth (4th) months of the Expansion Premises Lease Term. Tenant shall continue to be responsible for the payment of the remaining Monthly Basic Rent and all Additional
Rent which Tenant is required to pay under this Lease. In the event of a default by Tenant under the terms of this Lease which results in early termination of this Lease, then as a part of the recovery set forth in this Lease, Landlord shall be
entitled to the recovery of the unamortized portion of the Monthly Basic Rent which was abated under the provisions of this Section (which shall be amortized on a straight line basis from the first day of the 4th month of Expansion Premises Lease
Term through the expiration of the Expansion Premises Lease Term) and such unamortized portion of the abated Monthly Basic Rent shall become immediately due and payable as unpaid rent which had been earned at the time of termination. 
  
 (c) Prepayment of Rent. Concurrently with the execution of this
Amendment, Tenant shall pay to Landlord the amount of $6,568.65 representing payment of Monthly Basic Rent first becoming due for the Expansion Premises until such amount has been completely credited against Monthly Basic Rent. In the event the
first day of the Expansion Premises Lease Term is not the first day of a calendar month, Monthly Basic Rent for such month shall prorated in accordance with Section 3.1 of the Lease and such prepayment of the Monthly Basic Rent shall be applied
first to the prorated rant for such month, with any remaining prepaid rent applied to Tenant’s Monthly Basic Rent obligations next becoming due and payable. 
  
 6. Tenant’s Percentage for Expansion Premises. From and after the Expansion Premises Commencement Date,
Tenant’s Percentage, with respect to the Expansion Premises only, shall be 8.68% (3,981 r.s.f. of the Expansion Premises/45,871 r.s.f. of the Building). 
  
 7. Monthly Basic Rent for Premises (excluding Expansion Premises). Tenant shall continue to pay Monthly Basic Rent for the Premises (excluding
Expansion Premises) as set forth in Section 1.8 of the Lease; provided however, that for the portion of the Term commencing after the last month shown in the Monthly Basic Rent schedule set forth in Section 1.8 of the Summary applicable to the
Premises (excluding Expansion Premises), Tenant shall pay Monthly Basic Rent at the rate of $26,371.20 ($2.01 per rentable square foot). 
  
 8. Security Deposit. Concurrently with the execution of this Amendment, Tenant shall pay to Landlord the amount of $10,757.01, or whatever amount
may be necessary, to increase the Security Deposit held by Landlord to an amount equal to the Monthly Basic Rent payable by Tenant in the last month of the Lease Term, as extended by this Amendment. This total amount shall be held by Landlord as the
Security Deposit (in accordance with Article 5 of the Lease) for Tenant’s obligations under the Lease, as amended hereby. 
  
 9. Parking. In addition to Tenant’s existing parking spaces under the Original Lease, Tenant shall be provided with fourteen (14) additional
unreserved, uncovered parking spaces at no additional cost to Tenant, which parking privileges shall be subject to the provisions set forth in the Lease. 

 10. Number of Square Feet of Premises, Building, and Project. For purposes of this Amendment, and
unless otherwise provided herein, “useable square feet” and “rentable square feet” and any other statement of square footage set forth in this Amendment for the Premises, the Building, the Project, or any portion
thereof, or that may otherwise be used in calculating amounts owed Landlord by Tenant, including but not limited to rental, security deposit, additional rental and/or Tenant’s Percentage, is an approximation which Landlord and Tenant agree is
reasonable and the rental and Tenant’s Percentage based thereon is not subject to revision whether or not the actual square footage is more or less. 
  
 11. Building Condition. Tenant hereby acknowledges that: (a) it has been advised by Landlord to satisfy itself with respect to the condition of the
Expansion Premises as of the date of this Amendment, which shall be subject to Tenant’s right to inspect and approve the Tenant Improvements to be constructed by Landlord in accordance with Exhibit B (including but not limited to the
electrical and fire sprinkler systems, security, environmental aspects, compliance with applicable laws and the present and future suitability of the Expansion Premises for Tenant’s intended use), (b) Tenant’s acceptance of the Expansion
Premises with the Tenant Improvements Substantially Completed shall be deemed to mean that Tenant has made such investigation as it deems necessary prior to the Expansion Premises Commencement Date with reference to such matters and, subject to
Landlord’s obligation to promptly repair any minor defects in the construction of the Tenant Improvements that do not materially affect Tenant’s ability to use or occupy the Expansion Premises for all of the Permitted Uses, Tenant assumes
all responsibility therefor as the same relate to Tenant’s occupancy of the Expansion Premises and the suitability of the Expansion Premises for Tenant’s intended use, (c) Landlord has not made any oral or written representations or
warranties with respect to said matters other than as set forth in this Lease and in Exhibit B, and (d) any statement of square footage set forth in this Lease, or that may have been used in calculating rental, is an approximation which
Landlord and Tenant agree is reasonable, and the Monthly Basic Rent is not subject to revision whether or not the actual square footage is more or less. 
  
 12. Signage. No later than the Expansion Premises Commencement Date, Tenant shall remove Tenant’s Exterior Sign (as defined in Section 6.3(b)
of the Lease, and repair all damage resulting from such removal and restore the affected area to its original condition existing prior the installation thereof. On the Expansion Premises Commencement Date, Section 6.3(b) of the Lease shall be
deleted in its entirety and replaced with the following: 
  
 Monument Signage. Tenant shall have the non-exclusive right to install one panel (“Tenant’s Panel”) on each of the two (2) the monument signs (“Monument Sign”) located at the entrance to the
Building; provided that (i) the size, location, materials and design of Tenant’s Panel shall be subject to Landlord’s prior written consent, which consent may be withheld in Landlord’s sole discretion; (ii) Tenant’s Panel shall
comply with all applicable governmental laws, rules and regulations; (iii) Tenant’s Panel shall be personal to the Tenant named herein and shall not be assigned to any sublessee or assignee of Tenant without Landlord’s prior written
consent, which may be withheld in Landlord’s sole discretion; (iv) Tenant shall be responsible for all costs incurred by Tenant in connection with the design, construction and installation of Tenant’s Panel on the Monument Sign; and (v)
Tenant shall be responsible for its pro rata share of all costs 

 
and expenses incurred in connection with the maintenance, repair, operation, use and lighting of Tenant’s Panel and the Monument Sign, pursuant to a
maintenance and operation program managed by Landlord, and such amounts shall be paid by Tenant as Additional Rent. At the expiration or sooner termination of this Lease, Landlord shall, at Tenant’s sole cost and expense, cause Tenant’s
Panel on the Monument Sign to be removed and the Monument Sign to be restored to the condition existing prior to the installation of Tenant’s Panel, reasonable wear and tear excepted. 
  
 13. Reserved Parking. Landlord hereby agrees that from the date of
this Amendment through the Term of the Lease, Landlord shall not grant to any new tenant of the Building (i.e. any tenant of the Building which is not in occupancy of the Building as of the date hereof), any reserved parking privileges, unless
Landlord also grants to Tenant comparable reserved parking privileges based on the total square footage in the Building leased by Tenant. 
  
 14. Address Change. Tenant acknowledges and agrees that the address of Landlord for notice under the Lease is the following: 
  

			
	 	    	R&D PORTFOLIO HOLDINGS, LLC
	 	    	c/o The Shidler Group
	 	    	10188 Telesis Court, Suite 222
	 	    	San Diego, CA 92121
	 	    	Attention: Mr. Matthew J. Root
		
	 With a copy to:
	    	Teel, Palmer & Roeper, LLP
	 	    	11455 El Camino Real, Suite 300
	 	    	San Diego, CA 92130
	 	    	Attention: Dean E. Roeper, Esq.

  
 15. Tenant
Certification. By its execution of this Amendment, Tenant hereby certifies that as of the date of such execution, and to Tenant’s actual knowledge without investigation, Landlord is not in default of the performance of its obligations
pursuant to the Lease, and Tenant has no knowledge of any rights of Tenant to any offsets, any claims against Landlord or the rent payable by Tenant under the Lease, nor any Tenant defenses with respect to the Lease. 
  
 16. Brokers. Tenant represents and warrants to Landlord that insofar
as Tenant knows, other than David B. Marino of The Irving Hughes Group (the “Broker”), no broker negotiated or participated in the negotiations of this Amendment, or is entitled to any commission in connection therewith. Tenant hereby
agrees to indemnify, save, and hold Landlord harmless from and against any and all claims or demands made upon Landlord for any commissions, fees or other compensation by any broker, agent or salesman (other than the Broker) in connection with this
Amendment. The provisions of this paragraph shall survive the expiration or any earlier termination of the Lease. 
  
 17. Continuing Effect. The Lease as amended herein is hereby ratified and confirmed and shall continue in full force and effect. 

 18. Counterparts. This Amendment may be executed in multiple counterparts with the same effect as
if all parties hereto had signed the same document. All such counterparts shall be construed together and shall constitute one and the same instrument. 
  
 19. Authority. Tenant hereby warrants and represents that it has the requisite authority and ability to enter into this Amendment and to fully
perform all obligations of Tenant hereunder. Landlord hereby warrants and represents that it has the requisite authority and ability to enter into this Amendment and to fully perform all obligations of Landlord hereunder. 
  
 20. Defined Terms. All capitalized terms used herein and not otherwise
defined herein shall have the meanings ascribed to those terms in the Lease. 
  
 21. Conflicts; Incorporation by Reference. In the event of any conflict between the terms of this Amendment and either the Lease or the Amendments, the terms of this Amendment shall control. All of the exhibits
attached to this Amendment are by this reference incorporated herein and made a part hereof for all purposes. 
  
 22. Effect of Submission. Submission of this Amendment for examination does not constitute an offer, right of first refusal, reservation of, or
option for, the Expansion Premises or any other premises at the Project. This Amendment shall become effective only upon the execution and delivery by both Landlord and Tenant. 
  
 [Remainder of Page Intentionally Blank; Signature Page Follows] 

 IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date or dates set forth
below but effective for all purposes as of the Effective Date. 
  

													
	 	 	LANDLORD:
		
	 	 	R&D PORTFOLIO HOLDINGS, LLC,
	 	 	a Delaware limited liability company
			
	 	 	By:	  	R&D Mezzanine Partners, LLC,
	 	 	 	  	a Delaware limited liability company,
	 	 	 	  	its Sole Member
				
	 	 	 	  	By:	  	San Diego R&D Holdings, LLC,
	 	 	 	  	 	  	a Delaware limited liability company,
	 	 	 	  	 	  	its Sole Member
					
	 	 	 	  	 	  	By:	  	STIRR Sorrento, LLC,
	 	 	 	  	 	  	 	  	a California limited liability company
						
	 	 	 	  	 	  	 	  	By:	  	JCR Manager, LLC,
	 	 	 	  	 	  	 	  	 	  	a Delaware limited liability
	 	 	 	  	 	  	 	  	 	  	company, its Manager
							
	 	 	 	  	 	  	 	  	 	  	By:	  	  

	 	 	 	  	 	  	 	  	 	  	Name:	  	  

	 	 	 	  	 	  	 	  	 	  	Title:	  	  

		
	 	 	TENANT:
		
	 	 	AXESSTEL, INC.,
	 	 	a Nevada corporation
			
	 	 	By:	  	 /s/ David L. Morash

	 	 	Name:	  	David L. Morash
	 	 	Title:	  	President & CFO
			
	 	 	By:	  	  

	 	 	Name:	  	  

	 	 	Title:	  	  

 EXHIBIT A 
  
 DEPICTION OF SUITE 210 

 EXHIBIT B 
  
 CENTERPARK PLAZA 
  
 WORK LETTER AGREEMENT 
  
 This Work Letter Agreement (“Work Letter Agreement”) sets forth the terms and conditions relating to the construction of improvements for
the Expansion Premises. All references in this Work Letter Agreement to “the Lease” shall mean the relevant portions of the Lease, referenced in the Amendment, to which this Work Letter Agreement is attached as Exhibit B.

  
 SECTION 1 
  
 BASE, SHELL AND CORE 
  
 Landlord has constructed, through its contractor, the base, shell and core of
the Expansion Premises and of the Building (collectively, the “Base, Shell and Core”), and Tenant shall accept the Base, Shell and Core in its current “As-Is” condition existing as of the date of the Lease and the
Expansion Premises Commencement Date. Landlord shall install in the Expansion Premises certain “Tenant Improvements” (as defined below) pursuant to the provisions of this Work Letter Agreement. Except for the Tenant Improvement work
described in this Work Letter Agreement, Landlord shall not be obligated to make or pay for any alterations or improvements to the Expansion Premises, the Building or the Project. 
  
 SECTION 2 
  
 CONSTRUCTION DRAWINGS FOR THE EXPANSION PREMISES 
  
 Prior to the execution of this Lease, Landlord and Tenant have approved a detailed space plan for the construction of certain improvements in the
Expansion Premises, which space plan is attached the Amendment as Exhibit A (the “Final Space Plan”). Based upon and in conformity with the Final Space Plan, Landlord shall cause its architect and engineers to prepare and deliver to
Tenant, for Tenant’s approval, detailed specifications and engineered working drawings for the tenant improvements shown on the Final Space Plan (the “Working Drawings”). The Working Drawings shall incorporate modifications to
the Final Space Plan as necessary to comply with the floor load and other structural and system requirements of the Building. To the extent that the finishes and specifications are not completely set forth in the Final Space Plan for any portion of
the tenant improvements depicted thereon, the actual specifications and finish work shall be in accordance with the specifications for the Building’s standard tenant improvement items, as determined by Landlord. Within three (3) business days
after Tenant’s receipt of the Working Drawings, Tenant shall approve or disapprove the same, which approval shall not be unreasonably withheld; provided, however, that Tenant may only disapprove the Working Drawings to the extent such Working
Drawings are inconsistent with the Final Space Plan and only if Tenant delivers to Landlord, within such three (3) business days period, specific changes proposed by Tenant which are consistent with the Final Space Plan and do not constitute 

 
changes which would result in any of the circumstances described in items (i) through (iv) below. If any such revisions are timely and properly proposed by
Tenant, Landlord shall cause its architect and engineers to revise the Working Drawings to incorporate such revisions and submit the same for Tenant’s approval in accordance with the foregoing provisions, and the parties shall follow the
foregoing procedures for approving the Working Drawings until the same are finally approved by Landlord and Tenant. Upon Landlord’s and Tenant’s approval of the Working Drawings, the same shall be known as the “Approved Working
Drawings.” The tenant improvements shown on the Approved Working Drawings shall be referred to herein as the “Tenant Improvements.” Once the Approved Working Drawings have been approved by Landlord and Tenant, Tenant shall
make no changes, change orders or modifications thereto without the prior written consent of Landlord, which consent may be withheld in Landlord’s sole discretion if such change or modification would: (i) directly or indirectly delay the
Substantial Completion of the Expansion Premises; (ii) increase the cost of designing or constructing the Tenant Improvements above the cost of the tenant improvements depicted in the Final Space Plan; (iii) be of a quality lower than the quality of
the standard tenant improvement items for the Building; and/or (iv) require any changes to the Base, Shell and Core or structural improvements or systems of the Building. The Final Space Plan, Working Drawings and Approved Working Drawings shall be
collectively referred to herein as, the “Construction Drawings.” 
  
 SECTION 3 
  
 CONSTRUCTION AND PAYMENT FOR COSTS 
 OF TENANT IMPROVEMENTS 
  
 Landlord shall cause a contractor designated by Landlord (the
“Contractor”) to (i) obtain all applicable building permits for construction of the Tenant Improvements, and (ii) construct the Tenant Improvements as depicted on the Approved Working Drawings, in compliance with such building
permits and all applicable laws in effect at the time of construction, and in good workmanlike manner. Except as otherwise provided in this Work Letter Agreement, Landlord shall pay for the cost of the design and construction of the Tenant
Improvements. In the event Tenant requests any changes, change orders or modifications to the Working Drawings and/or the Approved Working Drawings (which Landlord approves pursuant to Section 2 above) which increase the cost to construct the Tenant
Improvements above the cost of the tenant improvements as described in the Final Space Plan, Tenant shall pay such increased cost to Landlord immediately upon Landlord’s request therefor, and, in any event, prior to the date Landlord causes the
Contractor to commence construction of the changes, change orders or modifications. In no event shall Landlord be obligated to pay for any of Tenant’s furniture, computer systems, telephone systems, equipment or other personal property which
may be depicted on the Construction Drawings; such items shall be paid for by Tenant. 
  
 SECTION 4 
  
 SUBSTANTIAL COMPLETION 
  
 4.1
Substantial Completion. For purposes of the Lease, including for purposes of determining the Expansion Premises Commencement Date (as set forth in Section 2 of the Amendment), “Substantial Completion” of the Expansion Premises
shall occur upon the 

 
completion of construction of the Tenant Improvements in the Expansion Premises pursuant to the Approved Working Drawings, with the exception of any punch
list items that do not materially and adversely affect Tenant’s use and occupancy of the Expansion Premises and any tenant fixtures, work-stations, built-in furniture, or equipment to be installed by Tenant or under the supervision of
Contractor; provided that Landlord covenants to diligently remedy or repair any punch list items identified by Landlord and Tenant pursuant to a walk-through verification of Substantial Completion prior to the Expansion Premises Commencement Date.

  
 4.2 Delay of the Substantial Completion of the Expansion
Premises. If there shall be a delay or there are delays in the Substantial Completion of the Expansion Premises as a direct, indirect, partial, or total result of any of the following (collectively, “Tenant Delays”): 

 
 4.2.1 Tenant’s failure to timely approve the Working Drawings or any
other matter requiring Tenant’s approval; 
  
 4.2.2 a breach
by Tenant of the terms of this Work Letter Agreement or the Lease; 
  
 4.2.3 Tenant’s request for changes in any of the Construction Drawings; 
  
 4.2.4 Tenant’s requirement for materials, components, finishes or improvements which are not available in a commercially reasonable time given the anticipated date of Substantial Completion of the Expansion
Premises, as set forth in Section 2 of the Amendment, or which are different from, or not included in, Landlord’s standard tenant improvement items for the Building, as disclosed by Landlord to Tenant prior to Tenant’s approval thereof;

  
 4.2.5 changes to the Base, Shell and Core, structural
components or structural components or systems of the Building required by the Approved Working Drawings, as disclosed by Landlord to Tenant prior to Tenant’s approval thereof; 
  
 4.2.6 any changes in the Construction Drawings and/or the Tenant Improvements required by applicable laws if such changes
are directly attributable to Tenant’s use of the Expansion Premises or Tenant’s specialized tenant improvement(s) (as determined by Landlord); or 
  
 4.2.7 any other acts or omissions of Tenant, or its agents, or employees; 
  
 then, notwithstanding anything to the contrary set forth in the Lease and regardless of the actual date of Substantial Completion, the
Expansion Premises Commencement Date (as set forth in Section 2 of the Amendment) shall be deemed to be the date the Expansion Premises Commencement Date would have occurred if no Tenant Delays, as set forth above, had occurred. 
  
 SECTION 5 
  
 MISCELLANEOUS 
  
 5.1 Tenant’s Representative. Tenant has designated David Morash
as its sole representative with respect to the matters set forth in this Work Letter Agreement, who, until further notice to Landlord, shall have full authority and responsibility to act on behalf of the Tenant as required in this Work Letter
Agreement. 

 5.2 Landlord’s Representative. Landlord has designated Ms. Amy White as its sole
representative with respect to the matters set forth in this Work Letter Agreement, who, until further notice to Tenant, shall have full authority and responsibility to act on behalf of the Landlord as required in this Work Letter Agreement.

  
 5.3 Time of the Essence in This Work Letter Agreement.
Unless otherwise indicated, all references herein to a “number of days” shall mean and refer to calendar days. If any item requiring approval is timely disapproved by Landlord, the procedure for preparation of the document and
approval thereof shall be repeated until the document is approved by Landlord. Both Landlord and Tenant shall use commercially reasonable, good faith, efforts and all due diligence to cooperate with each other to complete all phases of the
Construction Drawings and the permitting process and to receive the permits, as soon as possible after the execution of the Lease, and, in that regard, shall meet on a scheduled basis to be determined by Landlord and Tenant, to discuss progress in
connection with the same. 
  
 5.4 Tenant’s Lease
Default. Notwithstanding any provision to the contrary contained in the Lease, if an event of default by Tenant as described in Article 23 of the Lease or any default by Tenant under this Work Letter Agreement has occurred at any time on or
before the Substantial Completion of the Expansion Premises and remains after the expiration of applicable notice and cure periods, then (i) in addition to all other rights and remedies granted to Landlord pursuant to the Lease, at law and/or in
equity, Landlord shall have the right to cause Contractor to suspend the construction of the Expansion Premises (in which case, Tenant shall be responsible for any delay in the Substantial Completion of the Expansion Premises caused by such work
stoppage as set forth in Section 4.2 of this Work Letter Agreement), and (ii) all other obligations of Landlord under the terms of this Work Letter Agreement shall be forgiven until such time as such default is cured pursuant to the terms of the
Lease (in which case, Tenant shall be responsible for any delay in the Substantial Completion of the Expansion Premises caused by such inaction by Landlord). In addition, if the Lease is terminated prior to the Expansion Premises Commencement Date,
for any reason due to a default by Tenant as described in Article 23 of the Lease or under this Work Letter Agreement, in addition to any other remedies available to Landlord under the Lease, at law and/or in equity, Tenant shall pay to Landlord, as
additional rent under the Lease, within five (5) days of receipt of a statement therefor, any and all costs incurred by Landlord and not reimbursed or otherwise paid by Tenant through the date of such termination in connection with the Tenant
Improvements to the extent planned, installed and/or constructed as of such date of termination, including, but not limited to, any costs related to the removal of all or any portion of the Tenant Improvements and restoration costs related thereto.

  
 5.5 Tenant’s Entry Into the Premises Prior to
Substantial Completion. Subject to the terms hereof and provided that Tenant and its agents do not interfere with Contractor’s work in the Expansion Premises, at Landlord’s reasonable discretion, Contractor shall allow Tenant access to
the Expansion Premises prior to the Substantial Completion of the Tenant Improvements for the purpose of Tenant installing its equipment or fixtures (including Tenant’s data and telephone equipment) in the Expansion Premises prior to the
Expansion Premises 

 
Commencement Date. Prior to Tenant’s entry into the Expansion Premises as permitted by the terms of this Section 5.5, Tenant shall submit a schedule to
Landlord and Contractor, for their approval, which schedule shall detail the timing and purpose of Tenant’s entry. In connection with any such entry, Tenant acknowledges and agrees that Tenant’s employees, agents, contractors, consultants,
workmen, mechanics, suppliers and invitees shall fully cooperate, work in harmony and not, in any manner, interfere with Landlord or Landlord’s Contractor, agents or representatives in performing work in the Expansion Premises. If at any time
any such person representing Tenant shall not be cooperative or shall otherwise cause or threaten to cause any such disharmony or interference, including, without limitation, labor disharmony, and Tenant fails to immediately institute and maintain
corrective actions as directed by Landlord, then Landlord may revoke Tenant’s entry rights upon twenty-four (24) hours’ prior written notice to Tenant. Tenant acknowledges and agrees that any such entry into and occupancy of the Expansion
Premises or any portion thereof by Tenant or any person or entity working for or on behalf of Tenant shall be deemed to be subject to all of the terms, covenants, conditions and provisions of the Lease, excluding only the covenant to pay Monthly
Basic Rent for the Expansion Premises (until the occurrence of the Expansion Premises Commencement Date). Tenant further acknowledges and agrees that Landlord shall not be liable for any injury, loss or damage which may occur to any of Tenant’s
work made in or about the Expansion Premises in connection with such entry or to any property placed therein prior to the Expansion Premises Commencement Date, the same being at Tenant’s sole risk and liability. Tenant shall be liable to
Landlord for any damage to any portion of the Expansion Premises, including the Tenant Improvement work, to the extent caused by Tenant or any of Tenant’s employees, agents, contractors, consultants, workmen, mechanics, suppliers and invitees.
In the event that the performance of Tenant’s work in connection with such entry causes extra costs to be incurred by Landlord, Tenant shall promptly reimburse Landlord for such extra costs. In addition, Tenant shall hold Landlord harmless from
and indemnify, protect and defend Landlord against any loss or damage to the Expansion Premises and against injury to any persons caused by Tenant’s actions pursuant to this Section 5.5. 
  
 5.6 Assignment of Warranties. Landlord hereby assigns to Tenant all
warranties and guarantees by Contractor relating to the Tenant Improvements, which assignment shall be on a non-exclusive basis such that the warranties and guarantees may be enforced by Landlord and/or Tenant, and Tenant hereby waives all claims
against Landlord relating to, or arising out of the construction of, the Tenant Improvements. Landlord, at Tenant’s sole cost and expense, agrees to use good faith efforts to cooperate with Tenant in any enforcement action regarding the
warranties. 
  
 5.7 Punch-List Items. Prior to the
Expansion Premises Commencement Date, which shall be delayed as necessary for the conduct of such inspection (provided that any failure by Tenant to attend an inspection scheduled reasonably in advance by Landlord during normal business hours shall
be a Tenant Delay), Landlord and Tenant shall conduct a walk-through of the Premises and prepare one (1) detailed punch-list of unfinished items of the Tenant Improvements. Following the Expansion Premises Commencement Date, Landlord shall, at
Landlord’s sole cost and expense, proceed diligently to remedy such items in a professional and workmanlike manner, with such punch-list items to be remedied by Landlord as soon as reasonably possible after the Punch-List Expiration Date,
taking reasonable care in order to 

 
minimize any material and adverse interference with the operation of Tenant’s business from the Premises. Notwithstanding anything above to the
contrary, Tenant shall be responsible, at Tenant’s sole cost and expense, for the remediation of any items on the punch-list caused by any acts or omissions of Tenant and/or any Tenant Parties. 
  
 5.8 Clean-Up. Landlord shall, in Landlord’s Building-standard,
commercially reasonable manner, clean the Expansion Premises prior to the Expansion Premises Commencement Date. 
  
 5.9 No Interference. Landlord shall use commercially reasonable efforts during Landlord’s construction of the Tenant Improvements to not
interfere with Tenant’s business in the Premises or unreasonably disturb Tenant’s employees in their occupancy of the Premises.

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