Document:

Amended and Restated Distributorship Agreement

 Exhibit 10.1 
  
 CONFIDENTIAL 
  
 AMENDED AND RESTATED DISTRIBUTORSHIP AGREEMENT 
  
 THIS AMENDED AND RESTATED DISTRIBUTORSHIP AGREEMENT (the “Agreement”) is made and entered into as of the 25th day of May, 2005, to be effective as of the
Effective Date, by and between CREE, INC., a corporation organized and existing under the laws of the State of North Carolina, U.S.A., having its principal place of business at 4600 Silicon Drive, Durham, North Carolina 27703
(“Manufacturer”), SUMITOMO CORPORATION, a corporation organized and existing under the laws of Japan, having its principal place of business at [***], Tokyo 104-8610, Japan (“Distributor”) and Sumitomo Corporation of America
(“SCOA”), a wholly-owned subsidiary of Sumitomo organized under the laws of State of New York and having its principal place of business at [***] 
  
 Recitals 
  
 WHEREAS, 
  

	 	(A)	Manufacturer and Distributor previously entered into an Amended and Restated Distributorship Agreement dated as of the 14th day of May, 2004 (the “Distributorship Agreement”); and 

  

	 	(B)	Manufacturer and Distributor previously entered into a letter agreement dated as of the 12th day of July, 2004 (the “First Letter Agreement”) amending the Distributorship
Agreement; and 

  

	 	(C)	Manufacturer, Distributor and SCOA previously entered into another letter agreement dated as of the 10th day of September, 2004 (the “Second Letter Agreement”) further
amending the Distributorship Agreement and the First Letter Agreement (the First Letter Agreement and Second Letter Agreement being collectively referred to hereinafter as the “Letter Agreements” and the Distributorship Agreement and the
Letter Agreements being collectively referred to hereinafter as the “Existing Agreements”); and 

  

	 	(D)	Manufacturer and Distributor desire to amend and restate the Existing Agreements to reflect and record certain matters with respect to their long-standing and strategic
relationship; and 

  

	 	(E)	SCOA is a party to this Agreement solely for the purpose of entering into Individual Contracts for the purchase of LED Products from Manufacturer pursuant to Sections 7.1 and 7.2
below. 

  
 NOW, THEREFORE, the parties hereto, in consideration of
the premises, covenants and undertakings herein contained, mutually agree as follows: 
  

	1.	DEFINITIONS 

  

	 	1.1.	For purposes of this Agreement, the capitalized terms defined below and elsewhere in this Agreement have the meanings so defined, and such definitions apply to both singular and
plural forms: 

  

			
	Affiliate:	  	with respect to a person, any other person that controls, is controlled by, or is under common control with the named person, whether directly or through one or more intermediaries, where
“control” means possession of the power to direct the management, operations or policies of the controlled person through stock ownership, contract or other arrangements.
		
	Annual MPC:	  	Distributor’s annual minimum purchase commitment as defined in Section 9.1.

  

	[***]	Confidential treatment requested pursuant to a request for confidential treatment filed with the Securities and Exchange Commission. Omitted portions have been filed separately with
the Commission. 

  

			
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 CONFIDENTIAL 
  

			
	ATMI:	  	Advanced Technology Materials, Inc.
		
	Average Exchange Rate:	  	as defined in Section 8.5 (b).
		
	Bank:	  	as defined in Section 8.5 (b).
		
	Base Rate:	  	as defined in Section 8.5 (b).
		
	Chip Schedule:	  	as defined in Section 7.1(a)
		
	[***]:	  	as defined in Section 8.7(a).
		
	[***]:	  	as defined in Section 12.2.
		
	Distributor:	  	as defined in Preamble.
		
	Distributorship Agreement:	  	as defined in Recitals.
		
	Effective Date:	  	the 27th day of June, 2005.
		
	Execution Date:	  	the 25 day of May, 2005.
		
	Existing Agreements:	  	as defined in Recitals.
		
	Firm Commitment Portion:	  	as defined in Section 7.3.
		
	Firmed-Up Order:	  	as defined in Section 7.1(a).
		
	First Letter Agreement:	  	as defined in Recitals.
		
	FY06:	  	2006 fiscal year of Manufacturer.
		
	FY07:	  	2007 fiscal year of Manufacturer.
		
	Individual Contract:	  	as defined in Section 7.1.
		
	Inventory:	  	as defined in Section 7.4.
		
	Inventory Cap:	  	as defined in Section 9.3.
		
	Letter Agreements:	  	as defined in Recitals.
		
	Liaison Office/ Cree Japan:	  	the representative office maintained by Manufacturer, through an Affiliate, in the Tokyo, Japan area.
		
	LED Products:	  	visible or ultraviolet light emitting diodes (LEDs) in die form that are fabricated by or for Manufacturer using Group III-nitride materials on silicon carbide wafers and that Manufacturer
makes

  

	[***]	Confidential treatment requested pursuant to a request for confidential treatment filed with the Securities and Exchange Commission. Omitted portions have been filed separately with
the Commission. 

  

			
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	 	  	generally available to customers for purchase during the term of this Agreement. As used herein, “generally available” includes LED Products custom manufactured for customers of
Distributor but excludes LED Products custom manufactured for other customers.
		
	LED Product Forecast:	  	as defined in Section 7.3.
		
	LED Resale Price:	  	as defined in Section 8.1(a).
		
	[***]:	  	as defined in Section 8.6(b).
		
	Manufacturer:	  	as defined in Preamble.
		
	Master Agreement:	  	as defined in Section 7.1(c).
		
	Material Schedule:	  	as defined in Section 7.1(b)
		
	New Products:	  	as defined in Section 9.3.
		
	[***] Products	  	LED Products [***] by [***] Manufacturer that have been designated by Manufacturer to Distributor in writing in accordance with Section 7.1(c).
		
	 [***] Product
 Resale Price:
	  	as defined in Section 8.2(b).
		
	[***] Reserve ([***]):	  	as defined in Section 8.6(a).
		
	[***]:	  	as defined in Section 8.6(a).
		
	[***] Reserve ([***]):	  	as defined in Section 8.7(a).
		
	[***]:	  	as defined in Section 8.7(a).
		
	Products:	  	LED Products, [***] Products and Wafer Products collectively, except where the term applies in context only to a specific type of Product.
		
	Quarterly MPC:	  	Distributor’s quarterly minimum purchase commitment in each fiscal quarter of Manufacturer as defined in Section 9.1.
		
	SCOA:	  	as defined in Preamble.
		
	Second Letter Agreement:	  	as defined in Recitals.
		
	Term:	  	the term of this Agreement as defined in Section 2.2.
		
	Territory A:	  	the country of Japan.
		
	Territory B:	  	the countries of the Republic of China (Taiwan), Singapore and the Philippines.

  

	[***]	Confidential treatment requested pursuant to a request for confidential treatment filed with the Securities and Exchange Commission. Omitted portions have been filed separately with
the Commission. 

  

			
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 Amended and Restated as of May 25, 2005 

 CONFIDENTIAL 
  

			
		
	Territory C:	  	the countries of [***], the Republic of Korea, the Republic of Indonesia, Thailand and Malaysia.
		
	Territory:	  	Territory A, Territory B and Territory C, collectively.
		
	Wafer Order:	  	as defined in Section 7.1(b)
		
	Wafer Products:	  	collectively “SiC Wafer Products” and “GaN Wafer Products.” “SiC Wafer Products” means silicon carbide wafers, either without epitaxial layers or with only
silicon carbide epitaxial layers deposited thereon, made by or for Manufacturer and that Manufacturer makes generally available to customers for purchase during the term of this Agreement. “GaN Wafer Products” means gallium nitride wafers,
either with or without epitaxial layers deposited thereon, and hetero substrates, such as silicon carbide, sapphire or silicon, with one or more AIII nitride epitaxial layers deposited thereon, made by or for Manufacturer and that Manufacturer makes
generally available to customers for purchase during the term of this Agreement. As used herein, “generally available” includes Wafer Products custom manufactured for customers of Distributor but excludes Wafer Products custom manufactured
for other customers. For avoidance of doubt, Wafer Products do not include any [***] by [***] Manufacturer.
		
	Wafer Retail Price:	  	as defined in Section 8.3(b).
		
	[***]:	  	[***] as defined in Section 7.3.

  

	 	1.2.	For purposes of this Agreement, “person” shall be construed broadly to mean any individual, corporation, partnership or other legal entity, and the terms “fiscal
quarter” and “fiscal year” shall refer to the respective accounting periods used by Manufacturer. 

  

	2.	TERM 

  

	 	2.1.	Except as expressly provided herein, the amended and restated terms and conditions in this Agreement shall not become effective until the Effective Date. After the Execution Date
but prior to the Effective Date, certain terms and conditions expressly identified herein shall become effective with respect to Products to be shipped after the Effective Date in order to facilitate the transition between the provisions of this
Agreement and the Existing Agreements. This Agreement will be legally binding on the parties when executed on behalf of both parties notwithstanding the later Effective Date. Upon the Effective Date, this Agreement shall supersede and replace the
Existing Agreements with respect to Products to be shipped after the Effective Date, but the Existing Agreements shall continue to apply with respect to Products shipped prior to the Effective Date. 

  

	 	2.2.	Subject to the provisions of Sections 8.7(a) and 9.2, the term of this Agreement (the “Term”) shall extend for a period of five (5) fiscal years commencing June 23, 2002
and ending June 24, 2007, unless sooner terminated in accordance with the provisions of this Agreement. 

  

	 	2.3.	The parties acknowledge and agree that neither is obligated to continue its business relationship with the other after the effective date of any termination of this Agreement or the
expiration date if this Agreement is not renewed. 

  

	[***]	Confidential treatment requested pursuant to a request for confidential treatment filed with the Securities and Exchange Commission. Omitted portions have been filed separately with
the Commission. 

  

			
	Distributorship Agreement	  	Page 4

 Amended and Restated as of May 25, 2005 

 CONFIDENTIAL 
  

	3.	DESIGNATION 

  

	 	3.1.	Distributor will serve as the strategic partner and exclusive distributor of Manufacturer for distribution of Products in Territory A during the Term of this Agreement. Section 4.1
below defines the exclusive nature of Distributor’s appointment in Territory A. 

  

	 	3.2.	Subject to the provisions in Section 4.2 below, Distributor will serve as a non-exclusive distributor for distribution of Products in Territory B and Territory C during the Term of
this Agreement. 

  

	 	3.3.	Notwithstanding any language herein to the contrary, unless extended by written agreement of the parties, Distributor’s appointment as a distributor of GaN Wafer Products in
the Territory is [***]. In connection with the determination of the [***] for [***] (as provided in Section [***] below), the parties in good faith will discuss [***] and shall mutually agree upon the terms for [***]. 

  

	4.	EXCLUSIVITY; NON-EXCLUSIVE TERRITORIES 

  

	 	4.1	During the Term of this Agreement and subject to Distributor’s compliance with its obligations in Section 5 below, except as otherwise provided in Sections 8.3(d) and 9.4
below, Manufacturer will not, without Distributor’s written consent, directly or through any Affiliate sell Products to any person other than Distributor for shipment by Manufacturer or its Affiliates into Territory A. This Section 4.1 shall
not be construed to restrict Manufacturer or its Affiliates from selling or authorizing the sale of Products to persons outside Territory A. 

  

	 	4.2	Distributor’s appointment in Territory B and Territory C is non-exclusive. Distributor shall not advise any customer or potential customer in such territories that it may only
purchase Products from Distributor. Customers in such territories shall be free to choose to purchase Products directly from Manufacturer or from another distributor, as applicable. With respect to marketing, sales and deliveries by Distributor in
Territory C, Distributor may [***]. Subject to any applicable export restrictions, Distributor may request that Manufacturer [***]. If the customer prefers to purchase Products directly from Manufacturer, the provisions of Section 10 will apply if
Manufacturer requests Distributor’s assistance in connection with such transaction. 

  

	5.	DUTIES OF DISTRIBUTOR 

  

	 	5.1	Distributor agrees to perform and comply with the following during the Term of this Agreement: 

  

	 	(a)	It will use its best efforts, to the fullest extent commercially reasonable, to promote the sale of [***] Products within the Territory through its sales and merchandising programs
in order to obtain and sustain the maximum sales of [***] Products in the Territory and will solicit orders for and sell [***] Products within the Territory. 

  

	[***]	Confidential treatment requested pursuant to a request for confidential treatment filed with the Securities and Exchange Commission. Omitted portions have been filed separately with
the Commission. 

  

			
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	 	(b)	Distributor will furnish Manufacturer with reports on the following matters in writing not less frequently than the period shown, and promptly upon request at such other times as
Manufacturer may request in writing, with the report to be delivered to Manufacturer and/or the Liaison Office as indicated below unless otherwise requested by Manufacturer: 

  

					
	 Report

	  	Frequency

	 	Delivered To

	 General market situation for Products in the Territory
	  	[***]	 	Cree Japan
			
	 [***]-month forecast of anticipated sales of Products
	  	[***]	 	Cree Japan
			
	 Inventory on hand, including volume by Product type and assigned
 value
	  	[***]	 	Cree Japan
			
	 Summary of meetings with customers and prospective customers,
 including current and anticipated Product applications by customer
 and quantity requirements
	  	[***]	 	Cree Japan
			
	 Summary of significant customer inquiries
	  	[***]	 	Cree Japan
			
	 Information, to the extent known, regarding the activities of competitors
 with respect to Products in the Territory
	  	[***]	 	Cree Japan

  

	 	(c)	In addition, in its role as the strategic partner of Manufacturer for distribution of Products in Territory A, Distributor will cooperate with Manufacturer and the Liaison Office to
establish, to the fullest practicable extent, a “transparent interface” between Manufacturer and customers for Products such that the Liaison Office is kept fully informed of all developments relating to customers for Products and that the
Product sales and marketing efforts of Distributor are coordinated with the efforts of the Liaison Office. Without limiting the foregoing, upon request Distributor will make available to the Liaison Office copies of all quotes, invoices, customer
correspondence and other records relating to the sale and marketing of Products in Territory A and in Territory C. 

  

	 	(d)	Distributor will at all times conduct its affairs under this Agreement in accordance with the highest standards of business ethics and propriety. It will comply with all applicable
laws and regulations in performing its obligations under this Agreement and will apply for and obtain (at its own expense) all licenses and approvals necessary to perform its obligations hereunder except as provided in Section 12.2.

  

	 	(e)	Without Manufacturer’s prior written consent, neither Distributor nor its directors, officers, agents or employees shall at any time during the Term of this Agreement, directly
or indirectly, (i) establish any Product distribution branch or maintain any Product distribution depot outside the Territory, or (ii) manufacture, distribute, represent, sell or otherwise handle any products that, in the reasonable opinion of
Manufacturer, [***], including without limitation [***]; provided that the foregoing limitations as provided in this Section 5.1(e) will only apply to [***]. 

  

	 	(f)	 Distributor will not market, sell or otherwise distribute Products purchased under this Agreement outside the Territory or market, sell or otherwise distribute
[***] Products to [***] for such [***] Products, except as may be authorized by Manufacturer in writing from time to time in Manufacturer’s sole discretion. Distributor will not, without Manufacturer’s prior written consent, which consent
will not be unreasonably withheld, sell or otherwise distribute Products purchased under this Agreement to a person other than an end user customer. Notwithstanding any language herein to the contrary, the parties hereto confirm that [***]. 

  

	[***]	Confidential treatment requested pursuant to a request for confidential treatment filed with the Securities and Exchange Commission. Omitted portions have been filed separately with
the Commission. 

  

			
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 Amended and Restated as of May 25, 2005 

 CONFIDENTIAL 
  

	 	(g)	Distributor will appoint at least one employee within its organization to coordinate the performance of its responsibilities under this Agreement. 

  

	 	(h)	Distributor shall be responsible for obtaining any required licenses, permits and other governmental approvals necessary for the export of Products from the United States or such
other country from where Products are shipped and their import into the Territory, except as provided in Section 12.2, and will otherwise comply with all export and import laws and regulations applicable to its activities under this Agreement.

  

	6.	DUTIES OF MANUFACTURER 

  

	 	6.1	Subject to Section 7 below, Manufacturer agrees to use its best efforts, to the fullest extent commercially reasonable, to meet the requirements of Distributor for Products during
the Term of this Agreement and to perform and comply with the following during the Term of this Agreement: 

  

	 	(a)	Manufacturer shall [***] unless Distributor’s exclusivity with respect to such Product(s) or territory is no longer in effect as otherwise provided in this Agreement.

  

	 	(b)	Manufacturer shall maintain the Liaison Office, either directly or through an Affiliate, and shall staff such office with one or more full-time personnel, to provide support for
sales of Products in Territory A. 

  

	 	(c)	Manufacturer shall furnish to Distributor, at no cost, such catalogues, specifications and technical data literature as Manufacturer makes available to its customers generally and
shall provide the materials in such quantities as Distributor may reasonably request to support its sales of Products in the Territory. 

  

	 	(d)	Manufacturer will invite Distributor to participate in any discussions between the Liaison Office or Manufacturer and Distributor’s customers concerning Products to be
purchased in connection with this Agreement provided that Distributor agrees to be bound by the same restrictions on information disclosed in such discussions as the customer and in any event, such discussions will be subject to the provisions in
Section 14 below. 

  

	 	(e)	Subject to availability, Manufacturer shall supply Distributor Products in accordance with this Agreement in quantities adequate to the Distributor’s reasonable requirements
for sales in the Territory. In the event orders for Products exceed Manufacturer’s ability to manufacture and deliver them, Manufacturer will allocate to Distributor [***], which allocation Manufacturer shall determine in its sole discretion
exercised in good faith; provided, however, that in no event shall Manufacturer treat Distributor less favorably than it will any of Manufacturer’s other customers for Products in allocating such supply. 

  

	 	(f)	Manufacturer shall provide training services to sales and service personnel of Distributor at the Liaison Office or at Manufacturer’s principal offices to such scope and extent
as reasonably necessary for Distributor to promote sales and service of Products in the Territory. Nothing in this clause or elsewhere in this Agreement shall be construed to require Manufacturer to disclose proprietary and confidential information.

  

	[***]	Confidential treatment requested pursuant to a request for confidential treatment filed with the Securities and Exchange Commission. Omitted portions have been filed separately with
the Commission. 

  

			
	Distributorship Agreement	  	Page 7

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	 	(g)	Manufacturer shall be responsible for furnishing to Distributor, [***], such packing material as may be reasonably required for re-packing Products purchased from Manufacturer for
shipment to Distributor’s customers. 

  

	7.	SALES OF PRODUCTS 

  

	 	7.1	All sales of Products from Manufacturer to Distributor shall be made by execution of an individual sales contract stated in US Dollars (an “Individual Contract”) in the
following manner: 

  

	 	(a)	In the case of LED Products, in connection with Distributor’s [***] transmittal of its revised LED Product Forecast by [***] (as provided in Section 7.3 below), Distributor
will include a purchase order for LED Products to be purchased in [***] (the “Firmed-Up Order”). The quantity of LED Products included in the Firmed-Up Order will (i) except as provided in Section 7.4 below, [***] as provided in Section
7.3 below, and (ii) not exceed [***] without Manufacturer’s approval of such [***] unless such [***] is required by Section 7.3 below. Manufacturer will respond to Distributor by [***] by [***] enclosing an order acknowledgement (the “Chip
Schedule”) confirming Product prices and [***]. Each Firmed-Up Order for LED Products placed by Distributor and acknowledged by Manufacturer in a Chip Schedule as provided above shall constitute an Individual Contract for the sale of LED
Products. Individual Contracts for LED Products shall be firm and may not be modified by Distributor; [***]. 

  

	 	(b)	In the case of Wafer Products, [***] during the term of this Agreement Distributor will [***] to Manufacturer a purchase order for Wafer Products (a “Wafer Order”).
Manufacturer will respond to Distributor by [***], but in no event more than [***] after receipt of the Wafer Order if the Wafer Product is a standard product of Manufacturer, enclosing an order acknowledgement (the “Material Schedule”)
confirming Product prices and [***]. Each Wafer Order placed by Distributor and acknowledged by Manufacturer in a Material Schedule as provided above shall constitute an Individual Contract for the sale of Wafer Products. 

 

	 	(c)	In the case of [***] Products, Manufacturer will [***] designate in writing to Distributor a [***] Product that is available for purchase by Distributor under this Agreement,
including any terms that are specific to such [***] Product. Distributor [***] Manufacturer. Designation of a [***] Product is subject to Manufacturer and Distributor entering into (or amending, as applicable) an appropriate written master agreement
(the “Master Agreement”) to mutually establish the terms and conditions for the sale and purchase of such [***] Product. [***] thereafter, Manufacturer and Distributor will enter into separate individual contracts pursuant to and in
accordance with such Master Agreement. Each individual contract entered into between Manufacturer and Distributor pursuant to the written Master Agreement shall constitute an Individual Contract for the sale of [***] Products.

  

	 	(d)	Notwithstanding any language herein to the contrary, shipments dates confirmed by Manufacturer in the Chip Schedule or the Material Schedule, as the case may be, do not represent
guaranteed shipment dates. [***]. 

  

	[***]	Confidential treatment requested pursuant to a request for confidential treatment filed with the Securities and Exchange Commission. Omitted portions have been filed separately with
the Commission. 

  

			
	Distributorship Agreement	  	Page 8

 Amended and Restated as of May 25, 2005 

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	 	7.2	Each Individual Contract shall be subject to the following terms, except as may be otherwise mutually agreed in writing by the parties: 

  

	 	(a)	[***] Products shall be delivered F.O.B. Manufacturer’s manufacturing facilities or inventory hub (including [***]) by delivery to a transportation company designated or
approved by Distributor. Title and risk of loss of [***] Products shall pass to Distributor upon delivery to the transportation company. All transportation charges and expenses, including the cost of insurance against loss or damage in transit,
shall be Distributor’s responsibility. 

  

	 	(b)	Except for any warranty claim covered by Section 7.2(d) below, in the event any Product does not conform to the terms of the Individual Contract, the non-conformity will be reported
in writing to Manufacturer as soon as possible. In the case of shipping damage or other non-conformity discoverable upon reasonable inspection (such as, by way of illustration, shipment shortages, incorrect Products, broken wafers and torn tape),
the non-conformity shall in any event be reported in writing no later than [***] after the date Products are shipped by Manufacturer to Distributor or such claim shall be deemed waived; provided that Distributor [***]. In all other cases, the
non-conformity shall be reported as a warranty claim under Section 7.2(d) below in writing within [***] after shipment of Product by Manufacturer if the claim relates to an LED Product, within [***] after shipment of Product by Manufacturer if the
claim relates to a Wafer Product, and within [***] if the claim relates to a [***] Product. Any non-conformity not reported within the applicable warranty period shall be deemed waived. 

  

	 	(c)	Manufacturer’s sole obligation with respect to Products reported to be non-conforming no later than [***] after the date Products are shipped by Manufacturer to Distributor
shall be to issue a [***] credit memorandum to Distributor for the quantity and price invoiced for any such Products determined by Manufacturer to be non-conforming, which credit memorandum may be used [***]. Manufacturer is not required to refund
money pursuant to such credit memoranda. All non-conforming Products must be returned to Manufacturer for verification of the non-conformity, and Distributor must obtain a return authorization from Manufacturer prior to shipment of the
non-conforming Products, which authorization shall not be unreasonably withheld. Provided that it is able to verify [***] the non-conformity, Manufacturer will use commercially reasonable efforts to [***] to Distributor within [***] after
Manufacturer’s receipt of the report of non-conformity as provided in Section 7.2(b). [***] provisions for non-conforming [***] Products will be as provided in the master agreement or applicable Individual Contract. Upon receipt of the
non-conforming Products, Manufacturer will [***] the [***] credit memorandum [***]. Upon [***], Manufacturer will issue a new invoice [***], which invoice shall be the controlling document related to such purchase for purposes of determining the
parties’ rights and obligations under this Agreement, including, without limitation, the Product warranty, [***] Reserve and [***] Reserve provisions (as otherwise provided herein, if applicable); provided that, for the purpose of determining
(i) whether the Quarterly MPC has been met, and (ii) whether the value of Distributor’s inventory meets or exceeds the Inventory Cap, such Products shall be deemed purchased [***]. This Section 7.2(c) states the exclusive remedy of Distributor
with respect to non-conforming Products, except as to any warranty claim covered by Section 7.2(d) below. 

  

	 	(d)	Manufacturer warrants to Distributor that Products shipped hereunder will meet such specifications as have been expressly agreed to in writing by the parties hereto, provided such
Products are used in accordance with the applicable specifications. This warranty is extended only to Distributor and does not constitute a warranty to either Distributor’s customers or other end-users or to any sub-distributor, [***]. All
claims under this warranty must be reported in writing to Manufacturer (with such report accompanied by Products claimed to be defective, in die or packaged form if such Products cannot readily be removed therefrom) as soon as possible, but in any

  

	[***]	Confidential treatment requested pursuant to a request for confidential treatment filed with the Securities and Exchange Commission. Omitted portions have been filed separately with
the Commission. 

  

			
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	 	    	event no later than [***] after shipment of such Products by Manufacturer if the claim relates to an LED Product, within [***] after shipment of such Products by Manufacturer if the
claim relates to a Wafer Product, and within [***] if the claim relates to a [***] Product, and if not so reported, such claims shall be deemed waived. Distributor must obtain a return authorization from Manufacturer prior to shipment of the
defective Products, which authorization shall [***]. Manufacturer’s sole obligation with respect to Products determined not to meet the terms of this warranty shall be, at its option, to issue a [***] credit memorandum for the quantity
and price invoiced for such defective Products, which credit memorandum may be used [***]. Provided that it is able to verify [***] the defect, Manufacturer will use commercially reasonable efforts to [***] to Distributor within [***] after
Manufacturer’s receipt of the report of claims under the warranty as provided in this Section 7.2(d). [***] provisions for defective [***] Products will be as provided in the master agreement or applicable Individual Contract. Upon [***],
unless previously paid, Distributor shall promptly pay the invoice [***], which invoice shall be the controlling document related to such purchase for purposes of determining the parties’ rights and obligations under this Agreement, including,
without limitation, Annual MPC, Inventory Cap, [***] Reserve and [***] Reserve provisions (as otherwise provided herein if applicable), provided that the warranty [***] shall commence [***]. Manufacturer may issue an invoice [***] solely for
administrative purposes, but no amount shall be due under such invoice after applying the applicable credit memorandum, and such invoice will not be used in determining the parties’ rights and obligations under this Agreement[***]. This Section
7.2(d) states the exclusive remedy against Manufacturer with respect to breach of the warranty given herein or other alleged defects in Products. This Section 7.2(d) (as limited by Section 7.2(e) and other applicable terms and conditions of this
Agreement) shall survive with full force and effect after the termination or expiration of this Agreement with respect to Products purchased prior to such termination or expiration. 

  

	 	(e)	In connection with the determination of the [***] for [***] as provided in Section [***] below, the parties in good faith will review the [***] warranty period provided for in this
Agreement to determine whether it should apply to Products to be purchased in [***] based on the industry standards and customer expectations in Territory A at such time. The warranty period may be [***] prior to [***] if and when Manufacturer and
Distributor are able to agree that they have obtained sufficient customer acceptance of such change in Territory A. 

  

	 	(f)	UNLESS OTHERWISE AGREED IN WRITING BY AN AUTHORIZED REPRESENTATIVE OF MANUFACTURER, THE WARRANTY IN SECTION 7.2(d) IS IN LIEU OF ALL OTHER WARRANTIES RELATING TO PRODUCTS, WHETHER
ORAL OR WRITTEN, EXPRESS OR IMPLIED, OR IMPOSED BY STATUTE OR OTHERWISE. ALL IMPLIED WARRANTIES, INCLUDING BUT NOT LIMITED TO IMPLIED WARRANTIES OF FITNESS FOR A PARTICULAR PURPOSE AND MERCHANTABILITY, ARE EXPRESSLY DISCLAIMED BY MANUFACTURER.
Distributor shall make no representations or warranties on behalf of Manufacturer with respect to Products or otherwise. 

  

	 	7.3	During the Term of this Agreement, each week Distributor will issue to Manufacturer a [***] forecast of its LED Product requirements (the “LED Product Forecast”). The
quantities indicated in each LED Product Forecast represent the number of units of each LED Product that Distributor requests to be shipped by [***] of the stated week. Distributor will update the LED Product Forecast on [***]. Subject to Sections
7.7, 9.3 and 9.4 of this Agreement, the quantities and types of LED Products forecasted to be delivered within [***] (the “Firm Commitment Portion”) shall be firm and may not be 

  

	[***]	Confidential treatment requested pursuant to a request for confidential treatment filed with the Securities and Exchange Commission. Omitted portions have been filed separately with
the Commission. 

  

			
	Distributorship Agreement	  	Page 10

 Amended and Restated as of May 25, 2005 

 CONFIDENTIAL 
  

	 	    	modified by Distributor. At Distributor’s option, [***]. The aggregate purchase price of LED Products requested for any fiscal quarter may not exceed [***] without
Manufacturer’s prior written approval of such increase. In order to avoid any future misunderstanding, the parties confirm [***] the LED Product Forecast that, at all times, the [***] the [***] Products [***] Products that have been [***]
Products that are [***] the [***] the [***], and [***] Products that are [***]) and the [***] Products forecasted [***] shall be [***] the [***]. In addition, the minimum aggregate purchase amount of LED Products forecasted by Distributor for
shipment [***]) will be determined as follows: 

  
 [***] = [***] 
  
 Provided that,
if [***] yields a [***], then Distributor, at its option, may [***] the [***], and if [***] yields a [***], then Distributor shall [***]. 
  
 Where: A = [***]; 
   B = [***];

   B = [***]; 
   B = [***]; 
   C = [***]; and 
   D = [***]. 
  
 For
avoidance of doubt, the references to [***] in the foregoing formula refer to [***] in [***] and not [***] in the [***]. 
  
 If Distributor fails to timely update the LED Product Forecast, the quantities of LED Products for the new week of the rolling LED Product Forecast will
be determined by Manufacturer [***], and Manufacturer may determine the product mix in any commercially reasonable and appropriate manner. Although non-binding, Distributor will use commercially reasonable efforts to provide accurate forecasts for
the quantities and types of LED Products required in the remaining weeks of the LED Product Forecast, with particular attention to the accuracy of product mix for the [***]. 
  
 Notwithstanding the foregoing, LED Product prices for such Firm Commitment Portion [***]. Manufacturer is authorized to
accept orders for and ship LED Products against the Firm Commitment Portion of the Product Forecast unless Distributor has notified Manufacturer that the Inventory Cap has been reached pursuant to Section 9.3 of this Agreement. Manufacturer will
target to ship in accordance with Distributor’s requested delivery dates all quantities and types of LED Products that have been a firm commitment for at least [***]. Shorter lead times may be available from time to time upon request. If
Manufacturer is unable to ship LED Products in accordance with Distributor’s requested delivery date, Manufacturer will [***] in accordance with Section 7.1 above. 
  

	 	7.4	[***]. 

  

	 	7.5	Notwithstanding the foregoing, Distributor’s purchase commitment in Section 9.1 below is not conditioned upon its issuance of Firmed-Up Orders or LED Product Forecasts. Even if
Distributor does not issue such documents, its purchase commitment in Section 9.1 below is valid except as otherwise expressly provided in this Agreement. 

  

	 	7.6	For the avoidance of doubt, orders of Wafer Products and [***] Products are not subject to the provisions in Sections 7.3 through 7.5 above. Lead-times for Wafer Products and [***]
Products will vary based on the specifications of the Wafer Products and [***] Products, respectively, and Manufacturer will provide an estimate of the applicable lead-time upon request. Distributor and Manufacturer will determine ordering and
forecasting provisions for [***] Products [***]. 

  

	[***]	Confidential treatment requested pursuant to a request for confidential treatment filed with the Securities and Exchange Commission. Omitted portions have been filed separately with
the Commission. 

  

			
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	 	7.7	Even after an Individual Contract has been executed, Distributor may request [***]. In such case, Manufacturer will consider the request and determine in its sole discretion whether
to [***]. If Manufacturer agrees to [***], the parties will execute an amended Individual Contract. 

  

	 	7.8	Notwithstanding any language in this Agreement or the Existing Agreements to the contrary, the provisions set forth in this Section 7 shall apply with respect to LED Product
Forecasts and purchase orders issued by Distributor in Manufacturer’s fiscal year 2005 for Products to be shipped in FY06. Further, upon the Execution Date, the quantities and types of LED Products forecasted to be shipped within [***] from
such date shall be considered the Firm Commitment Portion. 

  

	8.	PRICES AND PAYMENT TERMS 

  

	 	8.1	Pricing for LED Products purchased under this Agreement will be determined as follows: 

  

	 	(a)	For LED Products ordered by Distributor in accordance with Sections 7.1 through 7.4 above that are confirmed by Manufacturer for shipment during FY06, the unit price payable by
Distributor for such LED Products will be [***]. For LED Products ordered by Distributor in accordance with Sections 7.1 through 7.4 above that are confirmed by Manufacturer for shipment during FY07, the unit price payable by Distributor for such
LED Products will be [***]. 

  

	 	(b)	The “LED Resale Price” shall be [***]. If the LED Resale Price is stated in Japanese yen it will be converted to U.S. dollars as provided in Section 8.5 below.
Manufacturer may, after consultation with Distributor, reduce its suggested LED Resale Price effective upon written notice to Distributor. In that event, [***]. In the event of a significant change in market conditions or in prices for products of a
competitor of Manufacturer, the parties will review and discuss possible changes to the terms of this Agreement and/or the LED Resale Prices, as needed, to allow Distributor to offer its customers competitive prices [***]. 

 

	 	(c)	Notwithstanding any language in this Agreement or the Existing Agreements to the contrary, purchase orders issued by Distributor in fiscal year 2005 for LED Products to be shipped
by Manufacturer during FY06 shall be based on LED Product prices determined in accordance with the terms set forth in this Section 8.1. 

  

	 	8.2	Pricing for [***] Products purchased under this Agreement will be determined as follows: 

  

	 	(a)	For [***] Products ordered by Distributor in accordance with Sections 7.1 and 7.6 above that are confirmed by Manufacturer for shipment during FY06 or FY07, the unit price payable
by Distributor for such LED Products will be [***]. 

  

	 	(b)	The “[***] Product Resale Price” shall be [***]. If the [***] Product Resale Price is stated in Japanese yen it will be converted to U.S. dollars as provided in Section
8.5 below. 

  

	[***]	Confidential treatment requested pursuant to a request for confidential treatment filed with the Securities and Exchange Commission. Omitted portions have been filed separately with
the Commission. 

  

			
	Distributorship Agreement	  	Page 12

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	 	8.3	Pricing for Wafer Products purchased under this Agreement will be determined as follows: 

  

	 	(a)	For Wafer Products ordered by Distributor in accordance with Sections 7.1 and 7.6 above that are confirmed by Manufacturer for shipment during the Term of this Agreement, the unit
price payable by Distributor for Wafer Products will be [***]. 

  

	 	(b)	The initial “Wafer Resale Price” shall be [***]. If the Wafer Resale Price is stated in Japanese yen, it will be converted to U.S. dollars as provided in Section 8.5
below. Manufacturer may, after consultation with Distributor, reduce its suggested Wafer Resale Price effective upon written notice to Distributor. In that event, [***]. In the event of a significant change in market conditions or in prices for
products of a competitor of Manufacturer, the parties will review and discuss possible changes to the terms of this Agreement and/or the Wafer Resale Price, as needed, to allow Distributor to offer its customers competitive prices [***].

  

	 	(c)	In addition, Distributor will be entitled to a bonus at the end of each fiscal quarter of FY06 equal [***]. Such bonus shall be paid only by issuance of a credit memorandum. Credit
memoranda issued under this Section 8.3(c) may be exchanged only to purchase additional Wafer Products from Manufacturer, and Manufacturer is not required to refund money pursuant to such credit memoranda. With respect to bonuses for FY07, the
parties will discuss in good faith and seek to mutually agree upon the [***] for earning bonuses and such bonus rate provided that the [***] for earning bonuses in such subsequent fiscal period [***] to take into consideration prevailing market
conditions and Manufacturer’s manufacturing capabilities. 

  

	 	(d)	If the cumulative SiC Wafer Product orders by Distributor [***] do not equal or exceed [***], then, notwithstanding any language herein to the contrary, Manufacturer either directly
or through any Affiliate shall be permitted to sell SiC Wafer Products to any person for shipment by Manufacturer into Territory A. 

  

	 	8.4	All taxes, duties and the like now or hereafter imposed by any jurisdiction with respect to the sale, manufacture, delivery or transportation of Products (except income taxes of
Manufacturer) will be for the account of Distributor, and if paid or required to be paid by Manufacturer, the amount thereof will be added to and become part of the price payable by Distributor. 

  

	 	8.5	Products will be invoiced upon shipment at Product prices determined as provided below, and payment will be due [***]. Payment shall be made in U.S. dollars by T/T remittance to an
account designated by Manufacturer. Where applicable, credit memoranda will be applied to invoiced amounts and only the net amount remaining after application of the credit memoranda will be due and payable. Invoiced amounts not paid when due will
accrue interest, at the lesser of [***] per annum or the maximum rate permitted by law, from the date of the invoice until the date paid. If the LED Resale Price, [***] Product Resale Price or Wafer Resale Price is stated in U.S. dollars, the unit
prices for purchase orders for such Products will be determined as provided in Sections 8.1(a), 8.2(a) and 8.3(a), respectively, and such amounts will not be subject to further adjustment for currency rate fluctuations or other changes. If the LED
Resale Price, [***] Product Resale Price or Wafer Resale Price is stated in Japanese yen, Manufacturer and Distributor will share the risk of currency exchange rate fluctuations as follows. 

  

	 	(a)	The Product prices for purchase orders for Products will be determined by converting the applicable LED Resale Price, [***] Product Resale Price or Wafer 

 

	[***]	Confidential treatment requested pursuant to a request for confidential treatment filed with the Securities and Exchange Commission. Omitted portions have been filed separately with
the Commission. 

  

			
	Distributorship Agreement	  	Page 13

 Amended and Restated as of May 25, 2005 

 
CONFIDENTIAL 
  
  

	 	Resale Price, [***], to U.S. dollars using the Base Rate in effect [***]. Upon receipt of a purchase order, Manufacturer will verify the Product prices (including [***] foreign
exchange conversions) and confirm such amounts in its written order acknowledgement to Distributor. The confirmed Product prices will become part of the Individual Contract. If an Individual Contract is amended as provided in Section 7.7 above,
unless agreed otherwise, any prices for new Products added to the Individual Contract will be converted using the Base Rate [***]. Upon shipment of Products that are the subject of the Individual Contract, Manufacturer will invoice Distributor at
the Product prices set forth in the Individual Contracts, and such invoiced amounts will not be subject to further adjustments for currency rate fluctuations or other changes. Notwithstanding the foregoing, invoices and Product prices are subject to
correction at any time for administrative or clerical errors. 

  

	 	(b)	The “Base Rate” means the Average Exchange Rate calculated as of [***] and adjusted on each [***], and [***] thereafter to reflect the then-current Average Exchange Rate.
The “Average Exchange Rate” means the average of the daily foreign exchange rate for the [***], using the daily foreign exchange rate quotations by The Bank of Tokyo-Mitsubishi, Ltd. (the “Bank”) for buying and selling spot U.S.
dollars by telegraphic transfer against Japanese yen. For each date on which the Base Rate is to be calculated, Distributor will provide to Manufacturer on such date the Average Exchange Rate for the period of [***], including the daily exchange
rate quotations by the Bank used to determine such rate, which rate and quotations must be verifiable by Manufacturer. In the event that the Bank ceases to make this information publicly available, the parties will mutually agree upon another
source. 

  

	 	(c)	Notwithstanding any language in this Agreement or the Existing Agreements to the contrary, purchase orders issued by Distributor in fiscal year 2005 for Products to be shipped by
Manufacturer during FY06 shall be converted to U.S. dollars in accordance with the terms set forth in this Section 8.5 using the Average Exchange Rate calculated as of [***]. 

  

	 	8.6	To protect Distributor against [***], if any, as it may incur on sales of [***] Products purchased under this Agreement [***], a “[***] Reserve” will be established and
applied as follows: 

  

	 	(a)	The [***] Reserve will be a balance denominated in U.S. dollars and calculated as set forth in this Section 8.6. The [***] Reserve will be credited with an amount equal to [***] of
the purchase price of all [***] Products shipped to Distributor under this Agreement [***]. Further, the parties may mutually agree in writing to exclude certain [***] Products from the [***]. The [***] Reserve will be maintained on a rolling
[***]-fiscal quarter basis such that amounts credited for [***] Product purchases will remain available during the fiscal quarter of Manufacturer in which such [***] Products were shipped and for the [***] fiscal quarters of Manufacturer thereafter.
Amounts credited for [***] will expire and be deducted from the [***] Reserve [***]. 

  

	 	(b)	[***]. 

  

	 	(c)	[***]. 

  

	 	(d)	[***]. 

  

	 	(e)	[***]. 

  

	[***]	Confidential treatment requested pursuant to a request for confidential treatment filed with the Securities and Exchange Commission. Omitted portions have been filed separately with
the Commission. 

  

			
	Distributorship Agreement	  	Page 14

 Amended and Restated as of May 25, 2005 

 CONFIDENTIAL 
  

	 	8.7	To protect Distributor against [***], a “[***] Reserve” will be established and applied as follows: 

  

	 	(a)	The [***] Reserve will be a balance denominated in U.S. dollars and calculated as set forth in this Section 8.7. At the end of each fiscal month during FY06, Manufacturer shall
credit the [***] Reserve with an amount equal to [***] of the purchase price of all [***] Products shipped to Distributor under this Agreement [***]. The [***] Reserve will be maintained on a rolling [***]-fiscal quarter basis such that amounts
credited for [***] Product purchases will remain available during the fiscal quarter of Manufacturer in which such [***] Products were shipped and for the [***] fiscal quarter of Manufacturer thereafter. Amounts credited [***] will expire and be
deducted from the [***] Reserve [***]. Further, the parties may mutually agree in writing to exclude certain other [***] Products from the [***]. In connection with the determination of the Annual MPC for each subsequent year of the Term of this
Agreement as provided in Section 9.2 below, the parties will discuss in good faith and seek to mutually agree upon the [***] Reserve percentage for the [***] of the Term of this Agreement that correlates with Manufacturer’s [***]. If the
parties have not agreed in writing on the [***] Reserve percentage by [***] of [***], this Agreement will terminate [***] notwithstanding the provisions in Sections 2.1 and 2.2 hereof. 

  

	 	(b)	[***].  

  

	 	(c)	[***]. 

  

	 	(d)	[***]. 

  

	 	(e)	[***]. 

  

	 	(f)	[***]. 

  

	 	8.8	The provisions in Sections 8.4 through 8.7 shall survive with full force and effect after the termination or expiration of this Agreement with respect to [***] Products purchased
prior to such termination or expiration provided that the provisions in Sections 8.6 and 8.7 shall only continue for so long as there is a balance in the applicable Reserve. 

  

	[***]	Confidential treatment requested pursuant to a request for confidential treatment filed with the Securities and Exchange Commission. Omitted portions have been filed separately with
the Commission. 

  

			
	Distributorship Agreement	  	Page 15

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	9.	MINIMUM PURCHASE COMMITMENTS 

  

	 	9.1	Subject to Sections 9.3 and 9.4 below, Distributor shall purchase under this Agreement, during FY06, [***] Products having an aggregate purchase price of at least $200,000,000 (US)
(the “Annual MPC” for FY06), of which not less than (a) [***] (US) will be purchased in the [***] quarter of [***] ending [***], (b) [***] (US) will be purchased in the [***] quarter of [***] ending [***], (c) [***] (US) will be purchased
in the [***] quarter of [***] ending [***], and (d) [***] (US) will be purchased in the [***] quarter of [***] ending [***]. Products purchased using credit memoranda issued under Sections 7.1, 8.3(c) and 8.6 shall not be included for purposes of
satisfying the minimum purchase commitments under this Section 9.1, but Products purchased using credit memoranda issued under Section 10.3 will be included. If [***] Products ordered by Distributor are not shipped [***], the delayed Products or the
substitute LED Products, as applicable, will be deemed purchased by Distributor [***] solely for the purpose of determining whether the Quarterly MPC has been met, provided that (i) shipment of such Products is not delayed due to any cause
attributable to Distributor, (ii) [***], and (iii) in no event shall shipment delays reduce Distributor’s aggregate purchase commitment hereunder. If during any fiscal quarter Distributor purchases more than the Quarterly MPC specified for such
fiscal quarter, the excess purchase amount will be applied to reduce Distributor’s quarterly purchase commitments for that fiscal year [***]. If during any fiscal quarter Distributor’s inventory of LED Products meets or exceeds the
Inventory Cap and Distributor has not purchased an amount of [***] Products equal to at least fifty percent (50%) of its original Quarterly MPC specified above in this Section 9.1 for such fiscal quarter, Manufacturer has a right to terminate this
Agreement in accordance with Section 9.4 below. [***]. After the termination of this Agreement for any reason, Distributor shall have the right to sell LED Products then in its inventory pursuant to terms and conditions determined [***].

  

	 	9.2	Beginning no later than the end of January of each year of the Term of this Agreement, the parties will discuss in good faith and seek to mutually agree upon the Annual MPC for LED
Products for the twelve months (12) of the Term of this Agreement that correlates with Manufacturer’s next fiscal year. If the parties have not agreed in writing on the Annual MPC by [***] of such year, this Agreement will terminate [***]
notwithstanding the provisions in Sections 2.1 and 2.2 hereof. 

  

	 	9.3.	Notwithstanding any language herein to the contrary, in no event shall Distributor be required to purchase any LED Products under this Section 9 if Distributor has in its inventory
New Products (as defined below) valued at more than the applicable Inventory Cap (as defined below) or if such purchase would cause the value of New Products in Distributor’s inventory (the “Inventory”) to meet or exceed the
applicable Inventory Cap; provided that the foregoing shall not limit Distributor’s obligation to [***] Products for which [***] has a [***]. For FY06 and FY07, the “Inventory Cap” shall be equal to [***], and [***], respectively, of
the [***] and will be expressed in U.S. dollars. If shipment of a quantity of LED Products requested in the Firm Commitment Portion would cause Distributor’s Inventory to meet or exceed the Inventory Cap, Distributor must notify Manufacturer in
writing [***] that it is invoking the Inventory Cap limitation and that some (the excess over the Inventory Cap) or all of such amounts in the Firm Commitment Portion should not be shipped as forecasted. [***]. If Distributor is unable to meet the
full Quarterly MPC for a fiscal quarter because of the Inventory Cap limitation, [***]. “New Products” refers to LED Products shipped by Manufacturer to Distributor on or after [***]. 

  

	 	9.4.	 If Distributor’s Inventory meets or exceeds the Inventory Cap, Distributor may at its option terminate this Agreement by providing Manufacturer with [***]
prior written notice, in which case Distributor shall not have any further purchase obligations for Products under 

  

	[***]	Confidential treatment requested pursuant to a request for confidential treatment filed with the Securities and Exchange Commission. Omitted portions have been filed separately with
the Commission. 

  

			
	Distributorship Agreement	  	Page 16

 Amended and Restated as of May 25, 2005 

 
CONFIDENTIAL 
  
 Section 9.1 hereof [***]. If, as a result of the above Inventory Cap provisions, Distributor has not purchased during any fiscal quarter an amount of
[***] Products equal to at least fifty percent (50%) of its original Quarterly MPC set forth in Section 9.1 above for such quarter [***], then Manufacturer may at its option terminate this Agreement by providing Distributor with [***] prior written
notice, in which case Distributor shall not have any further purchase obligations for Products under Section 9.1 hereof [***]. Such termination right of Manufacturer as provided above, shall be exercised by Manufacturer within [***]. If this
Agreement is terminated in accordance with the provisions of this Section 9.4, notwithstanding any language herein to the contrary, [***], Manufacturer either directly or through any Affiliate or any third party shall be permitted to sell Products
to any person for shipment by Manufacturer into Territory A. 
  

	 	9.5.	Notwithstanding the foregoing, in the event that Distributor’s ability to sell LED Products is substantially compromised as a direct result of [***], Distributor shall
immediately notify Manufacturer of such situation and, after such notification, the parties shall try to resolve the compromised situation in good faith or, if such resolution is not possible, [***]. 

  

	10.	ASSISTANCE OUTSIDE THE TERRITORY 

  

	 	10.1	Manufacturer may from time to time request that Distributor provide assistance, within Japan, in making sales outside of Japan to Affiliates of customers in Japan.

  

	 	10.2	If Manufacturer makes a written request to Distributor that refers to this Section 10 and requests such assistance with respect to a designated Affiliate, and if Distributor
provides the requested assistance, then, unless otherwise agreed in writing by the parties, [***]. 

  

	 	10.3	Manufacturer will issue Distributor a credit memorandum within fifteen (15) days after the end of Manufacturer’s fiscal month reflecting the amount of any credit earned during
the month under this Section 10. Credit memoranda issued under this Section 10 may be exchanged only to purchase additional Products from Manufacturer, and Manufacturer is not obligated to pay Distributor the amount of such credit memoranda.

  

	11.	TRADE NAMES AND TRADEMARKS 

  

	 	11.1	Subject to the provisions of this Section 11 of this Agreement, Manufacturer grants Distributor a limited, non-exclusive, non-transferable license to use the trade names and
trademarks of Manufacturer listed on Addendum A, attached hereto and made a part hereof, as such may be amended from time to time (the “Licensed Marks”) during the Term of this Agreement; provided, however, that Distributor may,
even after termination or expiration of this Agreement, use the trade names and trademarks of Manufacturer solely in connection with the sale of Products purchased from Manufacturer during the Term of this Agreement so long as Distributor continues
to comply with the provisions of this Section 11. 

  

					
	11.2	  	(a)	  	The Licensed Marks shall be used (i) solely in connection with the promotion, advertising and sale of Manufacturer’s products in the Territory, and any related packaging, advertising
materials, Internet sites and documentation, and (ii) solely in compliance with Manufacturer’s Trademark Usage Guidelines attached hereto, and made a part hereof, as Addendum B, as such may be amended by Manufacturer from time to time.
Without Manufacturer’s prior written consent, Distributor shall not have the right to assign, sublicense or otherwise permit the use of such Licensed Marks by third parties. Except for the license granted herein, Manufacturer grants Distributor
no express or implied licenses to any Licensed Marks.

  

	[***]	Confidential treatment requested pursuant to a request for confidential treatment filed with the Securities and Exchange Commission. Omitted portions have been filed separately with
the Commission. 

  

			
	Distributorship Agreement	  	Page 17

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 CONFIDENTIAL 
  

					
	 	  	(b)	  	Manufacturer shall have the right to inspect Distributor’s usage of the Licensed Marks (including without limitation literature, brochures, data books, data sheets, web pages or advertising
materials produced by or on behalf of Distributor) to assess the level of consistency and quality of such use. Manufacturer reserves the right (i) to restrict any use of the Licensed Marks that it concludes, in its sole judgment, is detrimental to
such Licensed Marks and (ii) to revise the Trademark Usage Guidelines at any time, upon written notice of such revision to Distributor. Distributor shall promptly provide specimens upon Manufacturer’s request at no cost to Manufacturer. If, at
any time, Manufacturer reasonably determines that the usage of the Licensed Marks does not comply with the Trademark Usage Guidelines, Manufacturer shall so notify Distributor in writing, and Distributor shall correct the non-conformance and provide
a corrected specimen to Manufacturer for review within thirty (30) days from the date of notification. Failure to correct a non-conformance will be considered a material breach of this Agreement.
			
	 	  	(d)	  	Distributor shall not apply for trademark or Internet domain registration of the Licensed Marks (or any mark confusingly similar thereto) anywhere in the world. Manufacturer may elect to apply
for registration of any of the Licensed Marks in the Territory at its expense, and, in such event, Distributor shall reasonably assist and cooperate with Manufacturer in connection therewith. Distributor shall provide reasonable assistance to
Manufacturer in complying with the formalities of any applicable local law, including but not limited to, the execution of any application for registration as a registered user, the execution of additional license agreements suitable for recording
with appropriate authorities, and providing proof of use of any Licensed Marks or any other applicable documents. Manufacturer shall pay the expense of complying with such formalities when Manufacturer initiates such formalities.
			
	 	  	(e)	  	Distributor shall use the Licensed Marks in a manner that creates a separate and distinct impression from any other trademark that may be used by Distributor. Distributor shall not adopt any
corporate name, assumed name, “doing business as” name, trade name, trademark, service mark, certification mark, or designation that incorporates the Licensed Marks (or any translation of the Licensed Marks), or that is confusingly similar
to the Licensed Marks. Distributor shall not use the Licensed Marks in a manner that may be construed as creating an agency, partnership, or other form of joint enterprise between the parties.

  

	 	11.3	Distributor acknowledges that Manufacturer is the sole and exclusive owner of its trade names and trademarks and all intellectual property rights therein worldwide and that
Manufacturer may obtain registrations of the same in jurisdictions within the Territory. Without Manufacturer’s prior written consent, Distributors shall not assign, sublicense or otherwise permit the use of such trade names and trademarks by
third parties. Distributor shall at all times recognize, respect and protect Manufacturer’s ownership of any and all trademarks, trade names, trade secrets, copyrights, patents and know how of Manufacturer (collectively, Manufacturer’s
“Intellectual Property”) in connection with the sale of Products in the Territory and shall not in any way derogate, diminish or weaken Manufacturer’s sole proprietary rights in said Intellectual Property. Should the law or
regulations of any jurisdiction in the Territory invest Distributor with any proprietary rights to any of said Intellectual Property, Distributor shall promptly, freely and cooperatively relinquish to Manufacturer any and all such rights upon
expiration or termination of this Agreement for any reason without recourse or cost to Manufacturer and shall thereafter refrain from any further usage of said Intellectual Property. Distributor shall execute any assignments or other documents
necessary to relinquish fully said Intellectual Property to Manufacturer. 

  

			
	Distributorship Agreement	  	Page 18

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	 	11.4	Distributor shall not remove, alter or obliterate any trade name or trademark affixed to the package of Products, nor shall it add any other names or marks, except with the prior
written consent of Manufacturer. Should Distributor repackage any Products, such new packaging shall be substantially similar to the original packaging of Products, including but not limited to use of names, trademarks, product numbers and
Intellectual Property notices, and shall comply with the Trademark Usage Guidelines. 

  

	 	11.5	Distributor shall promptly notify Manufacturer of any and all infringements of Manufacturer’s Intellectual Property in connection with Products in the Territory that may come
to Distributor’s attention and shall assist Manufacturer in taking such action against such infringement as Manufacturer in its discretion may decide, with all expenses and cost incident thereto being defrayed by Manufacturer.

  

	 	11.6	THE LICENSED MARKS ARE BEING LICENSED TO DISTRIBUTOR “AS IS” AND WITHOUT ANY WARRANTY OF ANY TYPE OR KIND. MANUFACTURER HEREBY DISCLAIMS ANY AND ALL WARRANTIES, WHETHER
STATUTORY, EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NON-INFRINGEMENT OF THIRD PARTY RIGHTS. [***]. 

  

	12.	INDEMNITY 

  

	 	12.1	Manufacturer shall indemnify and hold harmless Distributor from and against [***] that are based on a [***], provided, however, that Distributor shall in every instance refrain from
making any admission of liability, shall give to Manufacturer prompt written notice of any claim made, shall assist in the defense of such claim in accordance with this Section 12, and shall refrain from proposing or entering into any compromise or
settlement of such claim without the written consent of Manufacturer and, [***]. 

  

	 	12.2	If any Products are determined to [***] and their sale by Distributor within the Territory is permanently enjoined by a court of competent jurisdiction, pursuant to a final judgment
not subject to further judicial review, Manufacturer, at its expense and without cost to Distributor, shall be obligated as follows: [***]. 

  

	 	12.3	Distributor shall indemnify and hold Manufacturer harmless from and against [***], provided, however, that Manufacturer shall in every instance refrain from making an admission of
liability, shall give to Distributor prompt written notice of any claim made, shall assist in the defense of any such claim in accordance with this Section 12 and shall refrain from proposing or entering into any compromise or settlement of such
claim without the written consent of Distributor. 

  

	 	12.4	Manufacturer shall indemnify and hold harmless Distributor from and against [***], provided, however, that Distributor shall in every instance refrain from making any admission of
liability, shall give to Manufacturer prompt written notice of any claim made, shall assist in the defense of such claim in accordance with this Section 12, and shall refrain from proposing or entering into any compromise or settlement of such claim
without the written consent of Manufacturer. 

  

	 	12.5	With respect to GaN wafer products manufactured by Advanced Technology Materials, Inc. (“ATMI”) and/or previously sold in the Territory by ATMI or any of its distributors
and/or sales representatives other than Distributor, [***] provided, however, that Distributor shall in every instance refrain from making any admission of liability, shall give to Manufacturer prompt written notice of any claim made, shall assist
in the defense of such claim in accordance with this Section 12, and shall refrain from proposing or entering into any compromise or settlement of such claim without the written consent of Manufacturer. 

  

	[***]	Confidential treatment requested pursuant to a request for confidential treatment filed with the Securities and Exchange Commission. Omitted portions have been filed separately with
the Commission. 

  

			
	Distributorship Agreement	  	Page 19

 Amended and Restated as of May 25, 2005 

 CONFIDENTIAL 
  

	 	12.6	Manufacturer shall indemnify and hold harmless Distributor from and against [***], provided, however, that Distributor shall in every instance refrain from making any admission of
liability, shall give Manufacturer prompt written notice of any claim made, shall assist in the defense of such claim in accordance with this Section 12, shall cease using the Licensed Mark upon receipt of written request from Manufacturer and shall
refrain from proposing or entering into any compromise or settlement of such claim without Manufacturer’s prior written consent. 

  

	 	12.7	Manufacturer shall have no obligation under this Section 12 with respect to any claim arising from [***]. 

  

	 	12.8	The provisions of this Section 12 shall survive with full force and effect after the termination or expiration of this Agreement. 

  

	 	12.9	A party entitled to indemnification under this Section 12 (the “Indemnified Party”) shall permit the party required to provide indemnification (the “Indemnifying
Party”) to participate in the defense of the claim and any litigation or other proceeding before any court or governmental agency based thereon, including investigation of the claim and any negotiations for compromise or settlement; shall
promptly inform the Indemnifying Party of all developments relating thereto and furnish such information as the Indemnifying Party may reasonably request in connection therewith; and, [***], shall permit the Indemnifying Party at any time upon its
request to assume control of the defense thereto. [***]. 

  

	13.	LIMITATION OF LIABILITY; FORCE MAJEURE 

  

	 	13.1	Except as expressly provided otherwise in this Agreement, neither party to this Agreement shall be liable to the other, or to any other person or entity, for special, incidental or
consequential damages [***], regardless of whether it has been advised of the possibility of such damages and notwithstanding the failure of any limited remedy provided in this Agreement to achieve its essential purpose. 

  

	 	13.2	Any other provision contained herein to the contrary notwithstanding, neither party shall be liable to the other for any delay or failure to perform any of its obligations under
this Agreement caused by compliance with governmental regulations or directions, outbreak of a state of emergency, Act of God, war, warlike hostilities, civil commotions, riots, epidemics, storms, fires, strikes, lockouts, and any other cause or
causes beyond the reasonable control of such party; [***]. 

  

	14.	CONFIDENTIALITY 

  

	 	14.1	The parties shall keep in strict confidence from any third party, and duly safeguard in the same manner as they safeguard their own like information, any and all proprietary and
confidential business and technical information received from the other party concerning the business affairs and transactions covered by this Agreement, including, without limitation, all proprietary and confidential technical information received
from Manufacturer or its Affiliates pertaining to Products, and shall not at any time knowingly disclose such information to others or use such information for any purpose other than as permitted under this Agreement. 

  

	 	14.2	 A party may disclose information subject to this Section 14 to its directors, officers, 

  

	[***]	Confidential treatment requested pursuant to a request for confidential treatment filed with the Securities and Exchange Commission. Omitted portions have been filed separately with
the Commission. 

  

			
	Distributorship Agreement	  	Page 20

 Amended and Restated as of May 25, 2005 

 
CONFIDENTIAL 
  
 employees and advisors (collectively, “Representatives”) and to its Affiliates, if and to the extent the Representative or Affiliate has a need
to know in connection with the performance or enforcement of this Agreement and is obligated to maintain the information in confidence in accordance with this Agreement. A party will be responsible for any breach of this Section 14 by its
Representatives or Affiliates. 
  

	 	14.3	Each party shall maintain information subject to this Section 14 in complete confidence until such time as it is publicly known through no act, omission or contribution of such
party. Notwithstanding any prior expiration or termination of this Agreement, it is expressly understood that the provisions of this Section 14 shall survive with full force and effect until [***]. 

  

	 	14.4	Notwithstanding the foregoing, any of the parties may disclose such information if required by laws, regulations or orders of the Government of Japan or the United States Government
or any of their competent agencies, or if required by regulations or orders of any stock exchange or quotation system on which the party’s stock is publicly traded. In the event such disclosure is required by a party hereto, the party shall
give written notice of such disclosure as soon as possible prior to making the disclosure. 

  

	 	14.5	Information shall be considered subject to this Section 14 only if it is disclosed: (i) in written or other tangible form and labeled or otherwise expressly identified as
“confidential” or “proprietary” at the time of disclosure, or (ii) in oral form if expressly identified as “confidential” or “proprietary” at the time of disclosure and confirmed as such by written notice
within thirty (30) days after the verbal disclosure. A party shall not be liable for use or disclosure of information under this Section 14 if the recipient demonstrates that the information was in the recipient’s possession at the time of its
receipt hereunder and was not acquired, directly or indirectly, from the disclosing party, or if the recipient receives the information from a third party having the lawful right to disclose the same, or if the information is independently developed
by the recipient without use of any confidential information received from the other party. 

  

	15.	INDEPENDENT CONTRACTOR; ROLES OF AFFILIATES 

  

	 	15.1	The relationship created by this Agreement is that of seller and buyer, and not that of agency, partnership or employment. References in this Agreement to “strategic
partner” are not intended to and shall not be construed to refer to the legal relationship among members of a partnership. 

  

	 	15.2	Distributor shall not represent itself to be an agent, partner or employee of Manufacturer for any purpose nor shall Distributor have any right or authority to bind Manufacturer or
to assume any obligation or responsibility in the name of or on behalf of Manufacturer. 

  

	 	15.3	Manufacturer shall not represent itself to be an agent, partner or employee of Distributor for any purpose nor shall Manufacturer have any right or authority to bind Distributor or
to assume any obligation or responsibility in the name of or on behalf of Distributor. 

  

	 	15.4	 SCOA is a party to this Agreement solely for the purpose of entering into Individual Contracts for the purchase of LED Products from Manufacturer pursuant to
Sections 7.1 and 7.2 above. Without limiting SCOA’s obligations to perform under and in accordance with Individual Contracts for LED Products entered into with Manufacturer pursuant to Sections 7.1 and 7.2 above, Distributor agrees to [***].
Individual Contracts entered into between Manufacturer and SCOA [***] will be applied toward Distributor’s Annual MPC. [***]. SCOA irrevocably delegates to Distributor the authority to make or receive on behalf of SCOA all communications
required or permitted to be given between Manufacturer and SCOA. 

  

	[***]	Confidential treatment requested pursuant to a request for confidential treatment filed with the Securities and Exchange Commission. Omitted portions have been filed separately with
the Commission. 

  

			
	Distributorship Agreement	  	Page 21

 Amended and Restated as of May 25, 2005 

 
CONFIDENTIAL 
  

	 	15.5	Notwithstanding SCOA becoming a party to the Distributorship Agreement as provided above: 

  

	 	(a)	Manufacturer will ship LED Products only to Territory A, Territory B or Territory C, as provided in this Agreement; 

  

	 	(b)	SCOA shall have no right to sell or distribute LED Products within the Territory and shall only be authorized to sell or transfer LED Products to Distributor for performance
pursuant to this Agreement; and 

  

	 	(c)	SCOA’s [***] in connection with the determination of the [***] Reserve percentage pursuant to Section 8.7(a), the Annual MPC pursuant to Section 9.2 or in connection with any
modification of and/or amendment to this Agreement. 

  

	16.	TERMINATION 

  

	 	16.1	Either party may terminate this Agreement by giving a written notice of termination to the other party: 

  

	 	(a)	if the other party breaches any of the material provisions of this Agreement or any Individual Contract and does not cure the breach within [***], after a written notice is given by
the non-breaching party requiring such party to cure the breach; 

  

	 	(b)	if the other party becomes insolvent, or any voluntary or involuntary petition for bankruptcy or for corporate reorganization is filed by or against the other party, or a receiver
is appointed with respect to any of the assets of the other party, or a liquidation proceeding is commenced by or against the other party; provided that, in the case of any involuntary petition or proceeding filed or commenced against a party, only
if the same is not dismissed within sixty (60) days; 

  

	 	(c)	if the whole or any substantial part of the business of the other party relating to this Agreement is transferred to a third party by agreement, order of court of otherwise;

  

	 	(d)	if the whole or any substantial part of the ownership, control or management of the other party is changed; or 

  

	 	(e)	as otherwise expressly provided in this Agreement. 

  

	 	16.2	Nothing in this Section 16 shall affect, be construed or operate as a waiver of any right of the party aggrieved by any breach of this Agreement to recover any loss or damage
incurred as a result of such breach, either before or after the termination or non-renewal hereof. 

  

	 	16.3	No termination of this Agreement shall release either party from any liability or obligation that has theretofore accrued and remains to be performed as of the date of such
termination. 

  

	 	16.4	Neither party to this Agreement shall be liable to the other by reason of any termination or non-renewal of this Agreement for compensation, reimbursement, or damages on account of
any loss of prospective profits on anticipated sales or on account of expenditures, investments, or other commitments relating to the business or goodwill of any party. 

  

	[***]	Confidential treatment requested pursuant to a request for confidential treatment filed with the Securities and Exchange Commission. Omitted portions have been filed separately with
the Commission. 

  

			
	Distributorship Agreement	  	Page 22

 Amended and Restated as of May 25, 2005 

 
CONFIDENTIAL 
  

	17.	AUTHORITY 

  
 Each party represents and warrants to the other that it has full corporate power and authority to enter into and perform this Agreement, and neither the
execution nor performance of this Agreement violates or conflicts with any agreement, contract or covenant of such party with or in favor of any other person or entity. 
  

	18.	AMENDMENT 

  
 This Agreement may not be amended except in a writing signed by authorized representatives of all the parties hereto, provided, however, that [***]. No
oral explanation or oral information by any of the parties hereto shall alter the meaning or interpretation of this Agreement. 
  

	19.	WAIVER 

  
 No waiver of any provision of this Agreement shall be effective unless made in writing and signed by an authorized representative of the party sought to
be charged therewith. The failure of either party to enforce any provision of this Agreement shall not constitute or be construed as a waiver of such provision or of the right to enforce it at a later time. 
  

	20.	SEVERABILITY 

  
 Every provision of this Agreement is intended to be severable so that if any provision hereof is unenforceable or invalid, for any reason whatsoever, such
unenforceability or invalidity shall not affect the validity of the remainder of this Agreement. 
  

	21.	ASSIGNMENT 

  
 This Agreement may not be assigned by either party without the prior written consent of the other, [***]. Any unauthorized attempt to assign shall be null
and void. Any permitted assignee shall assume all obligations of its assignor under this Agreement. An assignment shall not relieve the assigning party of responsibility for the performance of its obligations hereunder. This Agreement shall inure to
the benefit of and be binding upon the successors and permitted assignees of the parties hereof. 
  

	22.	GOVERNING LAW; ARBITRATION 

  
 This Agreement shall be governed by and construed in accordance with the internal laws of the State of New York, the United States. The United Nations
Convention on Contracts for the International Sale of Goods shall not apply to this Agreement. All disputes arising out of or relating to this Agreement or any breach thereof shall be settled exclusively by arbitration to be held in the City of New
York, in accordance with the Rules of Conciliation and Arbitration of the International Chamber of Commerce. The award of Arbitration rendered shall be final and binding upon both parties, and be enforceable by any court having jurisdiction. The
arbitrators shall apply the internal laws of the State of New York, the United States, as specified above in determining the rights, obligations and liabilities of the parties and shall not have the power to 
  

	[***]	Confidential treatment requested pursuant to a request for confidential treatment filed with the Securities and Exchange Commission. Omitted portions have been filed separately with
the Commission. 

  

			
	Distributorship Agreement	  	Page 23

 Amended and Restated as of May 25, 2005 

 
CONFIDENTIAL 
  
 alter, modify, amend, add to or subtract from any term or provision of this Agreement nor to rule upon or grant any extension, renewal or continuance of
this Agreement, nor to award damages or other remedies expressly prohibited by this Agreement, nor to grant injunctive relief, including interim relief, of any nature, notwithstanding any contrary provisions of the Rules of Conciliation and
Arbitration specified above. If, under applicable law, this arbitration provision is not enforceable as to a particular claim brought by one party against the other, then legal proceedings involving only that claim may be instituted solely in the
United States District Court of the Eastern District of North Carolina or, if such court may not exercise jurisdiction, a court of the State of North Carolina. For all purposes of this Agreement, all parties hereby irrevocably consent to the
jurisdiction of such court and waive any defense based on improper or inconvenient venue or lack of personal jurisdiction. 
  

	22.	ENTIRE AGREEMENT 

  
 This Agreement sets forth the entire agreement between the parties hereto as to the subject matter hereof, and supersedes any and all prior agreements,
understanding, arrangements, promises, representations, warranties, and/or any contracts of any form or nature whatsoever, whether oral or in writing and whether explicit or implicit, that may have been entered into prior to the execution hereof
between the parties, their officers, directors, or employees as to the subject matter hereof. Neither of the parties hereto has relied upon any oral representation of the other party. Notwithstanding the foregoing, this Agreement does not supersede
the letter agreement between the parties dated December 1, 2003 regarding restricted use of Wafer Products by customers of Distributor. 
  

	23.	NOTICE 

  
 Any notice or communication required or permitted to be given by any party to the other pursuant to this Agreement shall be sent to such party’s
address for notices set forth below the signature of that party below, shall be given by facsimile or by prepaid airmail post and shall be deemed to have been given upon receipt at the address of the party to whom addressed. 
  

			
	Distributorship Agreement	  	Page 24

 Amended and Restated as of May 25, 2005 

 
CONFIDENTIAL 
  
 IN WITNESS WHEREOF, the parties have caused this Amended and Restated Distributorship Agreement to be executed by their duly authorized representatives as of the
Execution Date. 
  

							
	CREE, INC.	 	      SUMITOMO CORPORATION
				
	By	 	 /s/ [***]

	 	      By	 	 /s/ [***]

	 	 	 [***]
 [***]
	 	 	 	 [***]
 [***]
 [***]

				
	Date	 	     May 25, 2005

	 	      Date	 	 May 25, 2005

			
	 	 	 	 	      SUMITOMO CORPORATION OF AMERICA
			
	 	 	      By	 	 /s/ [***]

	 	 	 	 	      Title	 	 [***]
 [***]
 [***]

	 	 	 	 	      Date	 	May 24, 2005
		
	Address for Notices	 	      Address for Notices to Distributor and SCOA:
		
	 CREE, INC.
 4600 Silicon Drive
 Durham, NC 27703
 USA
	 	       SUMITOMO CORPORATION
       [***]
       Tokyo 104-8610
       Japan

	Attention: [***]	 	      Attention:	 	[***]
	Fax: [***]	 	 	 	[***]
	 	 	 	 	 	 	[***]
		
	 With a copy of legal notices to:
  
 General Counsel
 Cree, Inc.
 4600 Silicon Drive
 Durham, North Carolina 27703
 Fax: [***]
	 	  
  
       Fax: [***]

  
 CGS B310-10 

 

	[***]	Confidential treatment requested pursuant to a request for confidential treatment filed with the Securities and Exchange Commission. Omitted portions have been filed separately with
the Commission. 

  

			
	Distributorship Agreement	  	Page 25

 Amended and Restated as of May 25, 2005 

 CONFIDENTIAL 
  
 ADDENDUM A 
  
 Licensed Marks 
  

							
	 Mark

	  	 Registered

	  	 Reg. No.

	  	 Goods

	 CREE
	  	Yes	  	2,440,530 (US); 4,471,239 (JP); 40-0505534 (KR); 980988 (TW); Pending in [***]	  	All
				
	 CREE LOGO
	  	Yes	  	2,452,761 (US); 4,484,784 (JP); 40-0514036 (KR); and 978876 (TW); Pending in [***]	  	All
				
	 CI
	  	No	  	 	  	Wafers
				
	 GSIC
	  	Yes	  	2,012,686 (US)	  	LED
				
	 MEGABRIGHT
	  	Yes	  	2,650,523 (US); 4,572,117 (JP); 40-0563873 (KR); 1022690 (TW)	  	LED
				
	 MEGABRIGHT PLUS
	  	No	  	 	  	LED
				
	 MB
	  	No	  	 	  	LED
				
	 MB PLUS
	  	No	  	 	  	LED
				
	 RAZERTHIN
	  	Yes	  	2,861,793 (US); 40-0600614 (KR); 1121336 (TW); Pending in [***]	  	LED
				
	 SUPERBLUE
	  	No	  	 	  	LED
				
	 SUPERBRIGHT
	  	No	  	 	  	LED
				
	 ULTRABRIGHT
	  	Yes	  	2,860,183 (US); 4,797,922 (JP)	  	LED
				
	 UB
	  	No	  	 	  	LED
				
	 ULTRATHIN
	  	No	  	 	  	LED
				
	 UT
	  	No	  	Pending in US	  	LED
				
	 UT230
	  	No	  	Pending in US	  	 
				
	 XBRIGHT
	  	Yes	  	2,644,422 (US); 4,666,211 (JP); 40-0572312 (KR); 1029877 (TW)	  	LED
				
	 XBRIGHT LOGO
	  	Yes	  	2,644,418 (US); 40-0579217 (KR); 1043612 (TW); Pending in [***]	  	LED
				
	 XBRIGHT PLUS
	  	No	  	 	  	LED
				
	 XB
	  	No	  	 	  	LED
				
	 XB PLUS
	  	No	  	 	  	LED
				
	 XTHIN
	  	Yes	  	2,861,792 (US); 4,790,510 (JP); 40-0600615 (KR); 1121335 (TW)	  	LED
				
	 XT
	  	[***]	  	 	  	LED

  
 Key 
  

			
	 US = United States
	  	TW = Taiwan
	 JP = Japan
	  	CN = China
	 KR = Korea
	  	[***] = [***]

  

	[***]	Confidential treatment requested pursuant to a request for confidential treatment filed with the Securities and Exchange Commission. Omitted portions have been filed separately with
the Commission. 

  

			
	Distributorship Agreement	  	Page 26

 Amended and Restated as of May 25, 2005 

 CONFIDENTIAL 
  
 ADDENDUM B 
  
 CREE TRADEMARK USAGE GUIDELINES 
  

	A.	General Rules for Trademark Use and Presentation 

  

	1.	Use the correct trademark symbol with trademarks. When using a registered trademark, the ® symbol should be used adjacent the first prominent appearance of the term. Subsequent
appearances of the trademark should be capitalized. Unregistered trademarks should include the designation “TM” instead of the ® symbol. 

  

	2.	Include an attribution statement (which may appear in small but still legible print) in any written material (such as advertising copy, brochures, etc.) on which a Cree trademark
appears. For example, the following statement would be appropriate when using the Cree trademark and Cree Logo: 

  
 “CREE and the Cree Logo are registered trademarks of Cree, Inc. in the United States and/or other countries.” 
  

	3.	Do not vary the spelling, add or delete hyphens (even for normal hyphenation at the end of a line of text), make one word two, or use a plural form of a Cree trademark.

  

	4.	Trademarks should always be used as adjectives (e.g. “Zero Recovery® rectifiers have exceptional reverse recovery properties.”) 

  

	5.	Never combine a Cree trademark with your company name. 

  

	6.	Do not use a Cree trademark in a possessive form. 

  

	7.	Do not shorten or make acronyms out of a Cree trademark. 

  

	8.	On materials that include both a Cree trademark and your company name, you must display your company name more prominently than any Cree trademark. You may not use a Cree trademark
in such a manner that it appears that Cree is legally associated with your company, other than the fact that your company is authorized to sell or distribute Cree products. 

  

	9.	Do not display a Cree trademark in a manner that is illegible or difficult to read. 

  

	10.	Do not use a Cree trademark in a manner such that it appears to be associated with products of other manufacturers. 

  

	B.	Presentation of the Cree Logo 

  

	1.	The Cree Logo may refer to Cree or to Cree’s products. When using the word “CREE” or the Logo to refer to Cree products, the trademark should be used as an adjective,
followed by the generic name of the product. For example, a brochure may refer to “CREE ® Microwave Transistors.” 

  

	2.	Graphic Presentation 

  
 Computer graphic files and camera-ready artwork of the Cree Logo and other Cree trademarks may be obtained from Cree. Do not generate the Cree Logo on
your own. Do not modify any computer files or artwork obtained from Cree without Cree’s express written consent. 
  

			
	Distributorship Agreement	  	Page 27

 Amended and Restated as of May 25, 2005 

 CONFIDENTIAL 
  

	3.	Color Specifications 

  

	 	a.	The following terms are used in this specification: 

  
 “Cree Blue” means blue no. PMS 294. 
  
 “Cree Gray” means gray no. PMS 429. 
  
 “Colored Cree Logo” means the Cree Logo in which the solid regions are Cree Gray and the striped regions are Cree Blue. 
  

	 	b.	The Cree Logo may be presented only using the following color combinations: 

  

	 	•	 	Black lettering on a light, uniform background. 

  

	 	•	 	White or silver lettering on a dark, uniform background. 

  

	 	•	 	Cree Blue lettering on a white background. 

  

	 	•	 	Colored Cree Logo on a white background. 

  

	 	•	 	Colored Cree Logo on a light or dark uniform background, provided the colors give adequate contrast with the background. 

  

	4.	Spacing 

  
 a. The Cree Logo should be surrounded by a region of background color at least as wide as the lettering height, as shown below: 
  

 
  
 b. The Cree Logo should never be
presented such that it could be viewed as a compound mark. For example, the Cree Logo should never be shown physically touching or adjacent another mark such that the two marks appear to be part of the same overall trademark. 
  
 c. With the express written consent of an authorized representative of Cree,
the spacing recommendations may be relaxed on items where the available physical space or graphic resolution is limited, such as letterhead, business cards and certain promotional items. 
  

	5.	Optional Business Area Identification 

  
 The Cree Logo may be used in connection with a business area identification. For example, the Cree Logo may appear in connection with Cree Lighting®
products with the word “LIGHTING” appearing directly beneath the Cree Logo. Use of a business area identification is subject to the following rules: 
  

a. The lettering of the business area name shall be in all capital letters in the Arial font (or a similar sans serif font), shall begin at the left
edge of the Logo, and shall extend no further than the right edge of the Logo lettering. 
  
 b. The lettering of the business area name shall be the same color as the logo, except that when used in connection with the Cree Color Logo, the lettering shall be Cree Gray. 
  

			
	Distributorship Agreement	  	Page 28

 Amended and Restated as of May 25, 2005 

 CONFIDENTIAL 
  
 c. The lettering of the business area name shall be no larger than 50% of the lettering height of the Cree Logo. 

 

	C.	Presentation of the ZERO RECOVERY Trademark 

  

	1.	The ZERO RECOVERY trademark must appear in italics in the Times New Roman font (small caps) as follows: 

  
 ZERO RECOVERY® 
  
 If the small caps feature is not available, the trademark may be displayed in
italics in Times New Roman font in all caps with the size of the font set 20% higher for the initial letters Z and R compared to the remaining letters (e.g., with the “Z” set at 12 point font size and “ERO” set at 10 point font
size). 
  
 [***] 
  

	1.	Typed Form 

  
 a. As with any Cree trademark, the first letter of an LED trademark (also referred to as the first letter of the LED trademark’s prefix) should always be capitalized when it appears in text. Likewise, always
capitalize the first letter of the secondary word in the mark (e.g., MegaBright, XBright, XLamp, etc.). 
  
 b. With the exception of the GSIC trademark, do not hyphenate or place a space between the LED trademark’s prefix and the secondary word of the
trademark. (e.g., XBright should never be X Bright or X-Bright.) The GSIC trademark should always be presented with a raised dot separating the “G” and the “SiC” as follows: 
  
 G . SiC® 
  

	2.	Logos 

  

	 	a.	XBRIGHT 

  

	 	•	 	The “Colored XBright Logo” means the XBright Logo in which the left top and bottom legs of the X (which also form the sides of the cube) are blue no. PMS 2935, the right
top and bottom legs of the X are green no. PMS 3405, and the cube and the word “Bright” are 100% black. 

  

	 	•	 	The XBright Logo may be presented only using the following color combinations: 

  

	 	•	 	Black lettering on a light, uniform background. When using this color combination, the legs of the X should also be black. 

  

	 	•	 	Colored XBright Logo on a light or dark uniform background, provided the colors give adequate contrast with the background. 

  

	[***]	Confidential treatment requested pursuant to a request for confidential treatment filed with the Securities and Exchange Commission. Omitted portions have been filed separately with
the Commission. 

  

			
	Distributorship Agreement	  	Page 29

 Amended and Restated as of May 25, 2005 

 CONFIDENTIAL 
  

	 	•	 	The XBright Logo should be surrounded by a region of background color at least as wide as the lettering height, as shown below: 

  
 

 
  

	 	b.	XLAMP 

  

	 	•	 	The “Colored XLamp Logo” means the XLamp Logo in which the top left leg of the X is shaded in graduated color in blue no. PMS 294, the top right leg of the X is shaded in
graduated color in gray no. PMS Cool Gray 4, the bottom left leg of the X is shaded in graduated color in green no. PMS 354, and the bottom right leg of the X is shaded in graduated color in red no. PMS No. 185. For all four legs, the color is in
its darkest, solid form at the outermost points and is graded to lighter shades towards the center of the X. The triangular cross-section of the top legs of the X graduates from left to right with blue no. PMS 294 to gray no. PMS Cool Gray 4. The
triangular cross-section of the bottom legs of the X graduates from left to right with green no. PMS 354 to red no. PMS 185. Finally, the word “Lamp” is presented in blue no. PMS 294. 

  

	 	•	 	In formats where it is impossible to show the graduated colors of the XLamp Logo in accurate form (i.e., embroidered merchandise), the “Colored XLamp Logo” shall mean the
XLamp Logo in which the top left leg of the X is solid blue no. PMS 294, the top right leg of the X is 100 % white, the bottom left leg of the X is solid green no. PMS 354, and the bottom right leg of the X is solid red no. PMS 185. The triangular
cross-section of the top legs of the X is 50% blue no. PMS 294, and the triangular cross-section of the bottom legs of the X is a mix of 100% green no. PMS 354 and 100% red no. PMS 185. Finally, the word “Lamp” is presented in blue no. PMS
294. 

  

	 	•	 	The XLamp Logo may be presented only using the following color combinations: 

  

	 	•	 	Black lettering on a light, uniform background. When using this color combination, the X should be outlined in black but not shaded in. 

  

	 	•	 	Colored XLamp Logo on a light or dark uniform background, provided the colors give adequate contrast with the background. 

  

			
	Distributorship Agreement	  	Page 30

 Amended and Restated as of May 25, 2005 

 CONFIDENTIAL 
  

	 	•	 	The XLamp Logo should be surrounded by a region of background color at least as wide as the lettering height of the capitalized L, as shown below: 

  
 

 
  

	 	c.	As stated in Section B, Part 2 above, computer graphic files and camera-ready artwork of any of the Cree trademarks may be obtained from Cree. You may not generate any logos on your
own or modify any graphic files or artwork provided by Cree without Cree’s express written consent. 

  

			
	Distributorship Agreement	  	Page 31

 Amended and Restated as of May 25, 2005Purchase and Sales Agreement

 Exhibit 10.1 
  
 PURCHASE AND SALE AGREEMENT 
  
 (Commercial) 
  
 This PURCHASE AND SALE AGREEMENT made as of the 29th day of April, 2005 (this “Agreement”), by and between LB FEBRUARY 2005 NAGOG PARK DRIVE
LLC, a Massachusetts limited liability company (“Seller”), having an address in care of TriMont Real Estate Advisors, Inc. (“TriMont”), Monarch Tower, 3424 Peachtree Road NE, Suite 2200, Atlanta, GA 30326, and SeaChange
International, Inc., a Delaware corporation having an address at 124 Acton St., Maynard, MA 01754 (“Buyer”) 
  
 W I T N E S S E T H : 
  
 1. Property To Be Conveyed. Seller agrees to sell and convey to Buyer, and Buyer agrees to purchase from Seller, that certain real property
situated in the Town of Acton, County of Middlesex, Commonwealth of Massachusetts, known as 50 Nagog Park Drive, which property is more particularly described in Schedule A attached hereto, incorporated herein and made a part hereof (the
“Land”), together with: 
  
 (a) all
right, title and interest of Seller in and to all buildings, structures and other improvements located thereon (the “Improvements”); 
  
 (b) all right, title and interest of Seller in and to all easements, rights, interests, claims and appurtenances, if any, in any way
belonging or appertaining to the Land or the Improvements; 
  
 (c) all right, title and interest of Seller in and to all adjoining streets, alleys and other public ways (before or after vacation thereof), if any; 
  
 (d) all right, title and interest of Seller in and to all fixtures, equipment and personal property, if any,
as of the Closing Date (defined below), attached or appurtenant to, or located on or in, the Land or the Improvements and used in connection with the operation, maintenance or management thereof (the “Personal Property”); 
  
 (e) all right, title and interest of Seller in and to (i)
all leases, licenses and other agreements for use or occupancy of the Land and the Improvements, or any part thereof (the “Leases”), and (ii) all security, advance rental or other deposits made under the Leases and held by Seller, it being
understood that the Property is vacant and the Seller is not a party to any Leases and holds no interest in any related deposits; 
  
 (f) all right, title and interest of Seller in and to (i) all service, maintenance, utility, management and other similar contracts and
agreements related or 

  

 
pertaining to the operation, maintenance or management of the Land and the Improvements (the “Operating Contracts”), (ii) all certificates of
occupancy or use and all other permits, licenses, consents and authorizations held in connection with the ownership, use, occupancy or operation of the Land and the Improvements, if any and if in Seller’s possession or control, all warranties,
guaranties and agreements relating or pertaining to the Land, the Improvements and the Personal Property which will not have expired prior to the Closing Date, if any and if in Seller’s possession and control (as hereinafter defined), and (iii)
all drawings, plans, site plans, specifications and renderings in respect of the Land and the Improvements (excluding all appraisals and environmental site assessments and reports), to the extent they exist and are held by Seller and to the extent
any of the foregoing is assignable to Buyer (it being acknowledged by Buyer that any appraisal obtained by Seller is not assignable by its terms) (collectively, with the Operating Contracts, the “Operating Documents”); and 
  
 (g) all other rights, privileges and benefits owned by
Seller and in any way related or appertaining to any of the above-described property, if any. 
  
 The Land, together with the Improvements and the rights and interests described in clauses (b) and (c) above, are hereinafter sometimes
referred to, collectively, as the “Real Property”, the Leases and the Operating Documents are hereinafter sometimes referred to, collectively, as the “Property Documents” and the Real Property, the Personal Property and the
Property Documents, together with all other rights, privileges and benefits described above, are hereinafter sometimes referred to, collectively, as the “Property”. 
  
 2. Condition of Property. The Property shall be sold and conveyed strictly on an “as is”, “where
is” and “with all faults and defects” basis, without representation, warranty or covenant, express, implied or statutory, of any kind whatsoever, including, without limitation, representation, warranty or covenant as to condition
(structural, environmental, mechanical or otherwise), past or present use, construction, development, lease performance, investment potential, tax ramifications or consequences, income, compliance with law, habitability, tenancies, merchantability
or fitness or suitability for any purpose, all of which are hereby expressly disclaimed. Without limiting the generality of the foregoing, Buyer acknowledges that Seller has made no representations, warranties or covenants as to the compliance of
the Property with any federal, state, municipal or local statutes, laws, bylaws, rules, regulations, codes or ordinances, including, without limitation, those pertaining to construction, rent control, building and health codes, land use (or permits
issued in connection therewith), zoning, lead paint, urea formaldehyde foam insulation, asbestos, hazardous or toxic wastes or substances, pollutants, contaminants or other environmental matters. Buyer and Seller also acknowledge that the purchase
price reflects and takes into account the fact that the property is being sold “as is, where is and with all faults and defects.” Buyer shall confirm the aforesaid acknowledgments in writing as of the Closing Date.  
  
 Upon closing, Buyer shall assume the risk that adverse matters, including but
not limited to any and all construction defects and adverse physical and environmental 

  

 
conditions, if any, may not have been revealed by Buyer’s investigations (as otherwise provided in this Agreement) and Buyer, upon closing, shall be
deemed to have waived, relinquished and released Seller and Seller’s Members, Managers, employees, representatives and agents, from and against any and all claims, demands, causes of action (including causes of action in tort), losses, damages,
liabilities, costs and expenses (including reasonable attorneys’ fees and disbursements) of any and every kind or character, known or unknown which Buyer might have or could have asserted or alleged as a basis for termination or
adjustment of this Agreement or which Buyer may have asserted or alleged against Seller and/or Seller’s Members, Managers, employees, representatives and agents) at any time by reason of or arising out of any latent or patent construction
defects or physical conditions, violations of any applicable laws, bylaws, orders, rules, codes, regulations, publications and any and all other acts, omissions, events, circumstances or matters of any nature whatsoever regarding or with respect to
the Property. 
  
 The provisions of this paragraph 2 shall survive
the closing and the delivery of the Deed (as hereinafter defined) or any expiration or termination of this Agreement. 
  
 3. Assumption and Release. 
  
 (a) Buyer hereby acknowledges and agrees that Buyer shall accept conveyance of the Real Property subject to the Property Documents.
Without limiting the generality of anything set forth in this Agreement, Buyer shall execute and deliver to Seller, at closing, an agreement or agreements pursuant to which Buyer shall (i) acknowledge that it has accepted the Property without any
representation, warranty or covenant, express, implied or statutory, of any kind whatsoever, including, without limitation, any representation, warranty or covenant with respect to the Property Documents and (ii) assume all obligations and
liabilities of Seller with respect to the Property, including, without limitation, Seller’s obligations with respect to security deposits under the Leases. 
  
 (b) Buyer further acknowledges that Seller has made no representation with respect to, and shall have no
liability to Buyer on account of, any and all obligations, claims, demands, causes of action, liabilities, losses, damages, judgments, penalties and costs and expenses (including, without limitation, court costs and attorneys’ fees and
expenses) which may be imposed upon, asserted against or incurred or paid by Buyer, or for which Buyer may become obligated or liable, by reason of, on account of or in connection (i) any violation or alleged violation of any Environmental Law (as
hereinafter defined) or any proceedings related thereto relating to the Property, (ii) the presence of any Hazardous Substances (as hereinafter defined) in, on, under or about all or any part of the Property, (iii) any actual or threatened release,
discharge, spillage, seepage or filtration of any Hazardous Substances in, on, under, about or from the Property, (iv) the generation, manufacture, refining, production, processing, treatment, storage, handling, transportation, transfer, use or
disposal of any Hazardous Substances in, on, under, about or from all or any part of the Property, and (v) any threatened, 

  

 
proposed or actual cleanup or other protective, removal or remedial action relating to any Hazardous Substances, whether pursuant to any Environmental Law or
otherwise, except to the extent that any of the foregoing is or was caused by Seller. As used herein, (i) the term “Environmental Law” shall mean and refer to any law, ordinance, rule, regulation, order, judgment, injunction or decree
relating to pollution, Hazardous Substances or environmental protection (including, without limitation, the Resource Conservation and Recovery Act, the Comprehensive Environmental Response, Compensation and Liability Act, the Hazardous Materials
Transportation Act, M.G.L.A. c. 21E, all amendments and supplements to any of the foregoing and all regulations and publications promulgated or issued pursuant thereto), whether now existing or hereafter enacted or promulgated, as they may be
amended from time to time, and (ii) the term “Hazardous Substances” shall mean and refer to and include but not be limited to any and all pollutants, contaminants, toxic or hazardous wastes or substances or any other substances that might
pose a hazard to health or safety, including but not be limited to any substances which because of their quantitated concentration, chemical or active, flammable, explosive, infectious or other characteristics, constitute or may be reasonably
expected to constitute or contribute to a danger or hazard to public health, safety or welfare or to the environment, the removal of which may be required or the generation, manufacture, refining, production, processing, treatment, storage,
handling, transportation, transfer, use, disposal, release, discharge, spillage, seepage or filtration of which is or shall be restricted, prohibited or penalized by any Environmental Law (including, without limitation, lead paint, asbestos, urea
formaldehyde foam insulation and polychlorinated biphenyls). 
  
 (c) Buyer agrees that if at any time after the Closing, any third party or any governmental agency seeks to hold Buyer responsible for the presence of, or any loss, cost or damage associated with, Hazardous Substances
in, on, above or beneath the Property or emanating therefrom, Buyer waives any rights it may have against the Seller (which term, as used in this paragraph, shall include Seller and its Members, Managers, employees, representatives and/or agents) in
connection therewith including, without limitation, under any Environmental Law, and Buyer agrees that it shall not (i) implead the Seller; (ii) bring a contribution action or similar or other action against the Seller, or (iii) attempt in any way
to hold the Seller responsible with respect to any such matter. 
  
 (d) Buyer understand that portions of the Property may have been painted, plastered or glazed with point or other material containing lead. Buyer further understands that in the event a child or children under the age
of six becomes a resident in the Property, Buyer may incur obligations to remove any materials which may contain dangerous levels of lead under MGLA c. 111, Section 196, as amended, and Buyer agrees to accept and assume all such obligations. Buyer
acknowledges that Seller has provided Buyer with a copy of the Childhood Lead Poisoning Prevention Program (CLPPP) Property Transfer Lead Point Notification package from the Massachusetts Department of Public Health concerning lead paint and that
Buyer has signed the Property Transfer Notification Certification. Seller has disclosed to Buyer any information known to Seller about the presence of point, plaster, soil or other materials containing dangerous levels of lead in the premises and
has informed Buyer about the availability of inspections for dangerous levels of lead. 
  

 (e) The provisions of this paragraph 3 shall survive the closing and the delivery of the
Deed or any expiration or termination of this Agreement. 
  
 4.
Due Diligence Period. 
  
 (a) During the
period (the “Due Diligence Period”) commencing on the date hereof and terminating on the earlier of 
  
 (i) (A) May 26, 2005 or (B) such earlier date as Buyer may designate in a written notice (the “Completion Notice”) stating that
Buyer has elected that the Due Diligence Period has concluded (either, the “Due Diligence Termination Date”), or 
  
 (ii) delivery by Buyer to Seller of the Due Diligence Termination Notice (as hereinafter defined), Buyer, its employees, agents and
independent contractors shall have the right to enter upon the Real Property, upon reasonable notice to Seller, for the purposes of conducting, at Buyer’s expense, such studies, surveys, inspections and tests pertaining to the structure and
condition of the Real Property and the Personal Property (including, without, limitation, all components and systems constituting the Property) as Buyer desires to conduct. In addition, subject to the remainder of this paragraph, Buyer shall have
the right to conduct any environmental inspections, tests or audits which Buyer desires to conduct (the above-referenced studies, surveys, inspections and tests pertaining to the structure and condition of the Real Property and the Personal Property
and the environmental inspections, tests and audits being hereinafter collectively referred to as the “Studies”), the cost of which shall be borne by Buyer, and Seller shall cooperate with all reasonable requests of Buyer, its employees,
agents and independent contractors in conducting the Studies provided, however, that Buyer shall not perform any sampling or testing of environmental media at the Property until Seller has approved the scope and methods of Buyer’s sampling and
testing. To this end, Buyer shall present to Seller a reasonably detailed description of the sampling, testing and methods proposed to be performed which includes the sampling locations and analysis to be made, prepared by the engineering firm to be
engaged by Buyer to perform such work (and, if requested by Seller, copy of any Phase I Environmental Report previously obtained by Buyer) for Seller’s review and approval. If Seller disapproves such testing, Buyer’s sole remedy shall be
to terminate this Agreement, in which the Deposit shall be reimbursed to Buyer and this Agreement shall be null and void and neither party shall have any further obligations hereunder except for those obligations that expressly survive the
termination of this Agreement, except for those that expressly survive the termination of this Agreement. If Seller approves such testing, then Buyer shall be permitted to cause such sampling and testing to be performed but only to the extent
approved by Seller. All such tests, examinations or inspections involving borings, drillings, penetration or other invasion of the Property shall be conducted only after Buyer shall have obtained Seller’s consent (which Seller shall not
unreasonably withhold or delay). Seller shall have the right to be present during any such tests, examinations or inspections described in the preceding paragraph. Buyer shall, and 

  

 
does hereby covenant and agree with Seller, that Buyer shall repair any and all damage caused by the activities of Buyer and/or its agents, contractors and
representatives on the Property and shall indemnify, defend and hold Seller harmless from any actions, suits, liens, claims, damages, expenses, losses, liability arising out of, related to or in connection with any such entry, sampling, testing or
investigation by Buyer or its appointed agents, representatives or independent or other contractors and/or any acts performed in exercising Buyer’s rights under this paragraph including, without limitation, any rights or claims of materialmen
or mechanics to liens on the Property but excluding matters merely discovered by and not caused by Buyer, its agents or contractors. During the Due Diligence Period, Seller shall make available to Buyer, its employees, agents and attorneys, for
inspection, review and copying, at the office of Seller’s attorney or, at Seller’s option, its management company, the Property Documents and such other information and documentation with respect to the Real Property and the Personal
Property as Buyer shall reasonably request (other than appraisals and environmental site assessments and reports); provided, however, that the furnishing to Buyer of the Property Documents and such other information and documentation shall in no way
be construed as a representation, warranty or covenant as to the accuracy, validity, completeness or suitability thereof, any such representation, warranty or covenant being specifically disclaimed by Seller as provided herein. 
  
 (b) In addition to and without limiting the generality and
the indemnification and hold harmless provisions of paragraph 4(a) hereof, Buyer shall further indemnify, protect and save, Seller, TriMont and JLS Investments, Inc., 206 South Rogers, Suite 204, Waxahachie, Texas 75165, and their respective
directors, officers, shareholders, employees, affiliates, attorneys, agents, successors and assigns (individually and collectively, “Indemnitees”), and hold Indemnitees forever harmless, from and against, and reimburse Indemnitees for, any
and all obligations, claims, demands, causes of action, liabilities, losses, damages, judgments, penalties and costs and expenses (including, without limitation, court costs and attorneys’ fees and expenses) which may be imposed upon, asserted
against or incurred or paid by Indemnitees, or for which Indemnitees may become obligated or liable, by reason of, on account of or in connection with Buyer’s and its employees’, agents’ and independent contractors’ access to,
entry upon or use of the Real Property or the Personal Property or the performance of any of the Studies, including, without limitation, any such liabilities, obligations, claims, damages, penalties, causes of action, costs and expenses by reason
of: 
  
 (i) any injury to or death of persons or
loss of or damage to property; 
  
 (ii) the
performance of any labor or services for the account or benefit of Buyer with respect to the Real Property or the Personal Property; or 
  
 (iii) the release, escape, discharge, emission, spillage, seepage or leakage on or from the Real Property or the Personal Property of any
Hazardous Substances introduced to the Property by Buyer. 
  

 (c) In exercising its rights under this paragraph, Buyer shall not unreasonably interfere
with the operation of the Real Property or the Personal Property or with any business being conducted thereon. Promptly after completion of the Studies, Buyer shall restore the Property to the condition that it was in immediately prior to the
commencement thereof. 
  
 (d) In the event that
Buyer shall not be satisfied with any of the Property Documents or the results of any of the Studies, Buyer shall have the right, on or prior to 5:00 p.m. on the Due Diligence Termination Date, to give Seller notice (the “Due Diligence
Termination Notice”) of Buyer’s intention not to proceed with the consummation of the transaction contemplated by this Agreement, which Due Diligence Termination Notice shall be accompanied by any and all Property Documents and other
information or documentation obtained or prepared by or made available to Buyer in connection with its investigation of the Property (including all copies and abstracts thereof) and by copies (with professional certification in favor of Seller by
any party responsible for the production or creation thereof) of all written reports, documents and results obtained or prepared by or made available to Buyer as a result of the Studies or otherwise (collectively, the “Due Diligence
Materials”). Upon receipt by Seller of the Due Diligence Termination Notice and the Due Diligence Materials, this Agreement shall forthwith terminate and shall be null and void and of no further force and effect, and, except as otherwise
provided herein, Seller and Buyer shall be released and discharged from all further obligation and liability under this Agreement, except that Seller shall cause the Deposit (as hereinafter defined) to be promptly returned to Buyer and the parties
shall be bound by such other provisions of this Agreement as are stated to expressly survive the termination hereof. In the event that the Due Diligence Termination Notice and the Due Diligence Materials are not given to Seller on or prior to the
Due Diligence Termination Date, or in the event that Buyer delivers a Completion Notice, Buyer shall be conclusively deemed to be satisfied with the Property and the condition and all aspects and attributes thereof except for matters which first
arise after the end of the Due Diligence Period or which are otherwise noted as qualifications to Seller’s required “bring down” certificate referred to in Section 10(b)(ix). 
  
 (e) The obligations and indemnity of Buyer set forth in this
paragraph 4 shall survive the closing and the delivery of the Deed or any expiration or termination of this Agreement. 
  
 5. Financing. This Agreement is NOT contingent upon the ability of Buyer to obtain financing of any kind to finance Buyer’s
acquisition of the Property. 
  
 6. Purchase Price.

  
 (a) The purchase price for the Property is
EIGHT MILLION NINE HUNDRED TWENTY-FIVE THOUSAND and 00/100 DOLLARS ($8,9250,000.00) (the “Purchase Price”), payable as follows (subject to the terms and conditions of paragraph (b) below): 
  
 (i) The sum of FIVE HUNDRED THOUSAND DOLLARS ($500,000.00),
by wire transfer or by certified check payable to the order of Law Offices of Stanley A. Brooks, 25 Walnut Street, 3rd Floor, Wellesley, MA 02481 as escrow agent (the “Escrow Agent”), due within three (3) days of execution and delivery of this Agreement by Buyer to Seller, and in any event not later than May 2, 2005 (together with any
interest thereon, being hereinafter referred to as the “Initial Deposit”); and 
  

 (ii) The sum of EIGHT MILLION FOUR HUNDRED TWENTY-FIVE THOUSAND and 00/100 DOLLARS
($8,4250,000.00) (the “Closing Sum”), by wire transfer of immediately available funds transferred to the order or account of Seller or such other person as Seller may designate in writing, for receipt by the bank designated by Seller not
later than 1:00 PM Eastern Daylight or Standard (as applicable) Time or, at Seller’s option, by certified check payable to the order of Seller, at closing, which sum shall be increased or decreased as a result of closing adjustments made
pursuant to paragraph 8 hereof. Without limiting the generality of the foregoing, Buyer acknowledges and agrees that uncertified attorney’s trustee or so-called clients’ account or conveyancing account checks will not be accepted by Seller
and that Seller has no obligation to accept any uncertified attorney’s trustee or so-called clients’ account or conveyancing account checks. 
  
 (b) The Deposit shall be held by the Escrow Agent pursuant to the provisions of paragraph 7 below. 
  
 7. Deposit; Terms of Escrow. 
  
 (a) By its execution of this Agreement, the Escrow Agent
acknowledges receipt, subject to collection, of any portion of the Deposit due on or prior to execution and delivery of this Agreement by Buyer to Seller, in the form required to be delivered pursuant to this Agreement. If any portion of the Deposit
required to be delivered to the Escrow Agent after such execution and delivery is not received by the Escrow Agent when due or is not in the form required to be delivered pursuant to this Agreement, the Escrow Agent shall immediately notify Seller
thereof. 
  
 (b) The Deposit shall be held in
escrow by the Escrow Agent according to the terms and conditions set forth on Schedule C until the closing or until this Agreement is otherwise terminated, at which time it shall, subject to the provisions of Schedule C, be delivered to Seller or
returned to Buyer, as the case may be. The interest accrued and paid shall be shared equally by Buyer and Seller upon release therefrom from escrow. 
  
 (c) The Escrow Agent may act in reliance upon any writing or instrument or signature which it, in good faith, believes to be genuine and
any statement or assertion contained in such writing or instrument, and may assume that any person purporting to give any writing, notice, advice, or instrument in 

  

 
connection with the provisions of this Agreement, has been duly authorized to do so. The Escrow Agent shall not be liable in any manner for the sufficiency
or correctness as to form, manner and execution, or validity of any instrument, writing, notice, advice or other document deposited in escrow or delivered to Escrow Agent, nor as to the identity, authority or right of any person executing the same.
However, the Escrow Agent may reasonably rely upon the validity of any judgment, order, decree, certificate, notice, request, consent, statement or other instrument delivered to it in connection with its activities as escrow agent under this
Agreement. 
  
 (d) The Escrow Agent shall
acknowledge agreement to these provisions by signing in the place indicated on the signature page of this Agreement and Buyer and Seller warrant and represent that the Escrow Agent undertakes to perform only such duties as are expressly set forth in
this Agreement and that no implied duties or obligations shall be read into this Agreement or Schedule C hereto against the Escrow Agent or to be performed by Escrow Agent and Buyer and Seller further warrant and represent to each other and to the
Escrow Agent that they understand and agree that Escrow Agent is acting as an accommodation party only. 
  
 (e) Unless the Escrow Agent discharges any of its duties under this Agreement in a negligent manner or is guilty or willful misconduct
with regard to its duties under this Agreement, as an inducement to Escrow Agent to enter into this Agreement and assume its duties as provided herein, Seller and Buyer shall, jointly and severally, indemnify the Escrow Agent and hold it harmless
from and against and all claims, costs, expenses, liabilities, losses, demands, actions, causes of actions, suits or proceedings of any nature whatsoever, at law or in equity, and any and all other expenses, fees or charges of any character or
nature, including, without limitation, such attorneys’ fees, costs and disbursements as may be incurred by Escrow Agent and any and all other expenses, fees, costs and charges which Escrow Agent may incur by reason of its acting as Escrow Agent
under this Agreement, including the cost of defense of any such actions, claims, suits and demands and of resisting any claim against Escrow Agent in such capacity. 
  
 8. Prorations, Credits and Adjustments. 
  
 (a) The following items shall be prorated as of the Closing Date: 
  
 (i) Current real estate and personal property taxes and any
other water, sewer or other municipal use or improvement tax, charge or other assessment affecting the Property, in accordance with the custom of the Bar in the County in which the Property is located and Buyer hereby agrees to assume all
non-delinquent assessments affecting the Property whether special or general; 
  

 (ii) Water, electricity, gas and other utilities and services shall be prorated based
upon the last reading of meters prior to the Closing. Seller shall endeavor to obtain meter readings on the date before the Closing and, if such readings are obtained, there shall be no proration of such items. Seller shall pay at Closing the bills
therefor for the period ending on the day preceding the Closing Date, and Buyer shall pay the bills therefor for the bills subsequent thereto. If the utility company will not issue separate bills, Buyer shall receive a credit against the purchase
price for Seller’s portion and will thus assume and pay the entire bill prior to delinquency after Closing. If Seller has paid any utilities no more than 30 days in advance in the ordinary course of business, then Buyer shall be charged its
portion of such payment at Closing. Utility deposits shall not be subject to proration, rather, Seller shall be entitled to refunds of any deposits it has made, and Buyer shall be responsible for posting its own deposits; 
  
 (iii) Rents – as the Property is vacant, no rents will
be prorated; 
  
 (iv) Fuel and other supplies, if
any, on hand and paid for, at the then current price therefor; 
  
 (v) Charges and expenses, whether current or prepaid, under the Property Documents then in effect; and 
  
 (vi) All other items of revenue and expense which, by custom and practice, are prorated between sellers and purchasers of real property
similar in kind to the Property, including, without limitation, the Operating Contracts, which shall be prorated on a per diem basis. 
  
 (b) Seller shall, to the extent required in connection with the recording of the Deed, pay all conveyance taxes imposed by the
Commonwealth. In addition, Seller shall, on the Closing Date, give to Buyer a credit against the Purchase Price in an amount equal to all contributions and revenues, if any, whether in the form of rent escalations or adjustments or otherwise, then
paid by tenants and occupants of the Property and intended to reimburse or compensate the landlord for taxes and operating expenses that are the responsibility of Buyer pursuant to the prorations described in subparagraph (a) above, to the extent
accrued for and not yet applied to the payment of such taxes and operating expenses. 
  
 (c) If the amount of any tax, charge or assessment is undetermined on the Closing Date, the last determined tax, charge or assessment
shall be used for the purpose of the proration described in subparagraph (a) above, with a reapportionment as soon as the new rate is determined. In the event that, after the Closing Date, any of such taxes, charges or assessments shall be reduced
by abatement, the amount of such abatement, less the reasonable cost of obtaining the same, shall be apportioned between the parties, provided that neither party shall be obligated to institute or prosecute proceedings for an abatement, unless
otherwise provided herein. The provisions of this subparagraph shall survive the closing and the delivery of the Deed. 
  

 (d) In the absence of error or omission, all prorations, adjustments and credits made and
determined as herein provided shall be final as of the Closing Date, unless otherwise specified herein. If, subsequent to the Closing Date, an error or omission in the determination or computation of any of the prorations, adjustments and credits
shall be discovered, then, immediately upon discovery thereof, the parties hereto shall make the appropriate adjustments required to correct such error or omission. The provisions of this subparagraph shall survive the closing and the delivery of
the Deed. 
  
 (e) Each party shall pay all its
own expenses incurred in connection with this Agreement and the transactions contemplated hereby, including, without limitation, (i) all costs and expenses stated herein to be borne by a party, and (ii) all of their respective accounting, legal,
appraisal and other costs and fees. Buyer, in addition to its other expenses, shall pay at Closing, (1) all recording charges incident to the recording of the Deed to the Real Property; (2) the premium for Buyer’s Title Insurance policy, and
(3) one-half of the escrow fee of the Escrow Agent, which in no event shall exceed $500.00. Seller, in addition to its other expenses, shall pay at Closing, all recording charges incident to the recording of any instruments to discharge or remove
encumbrances not approved (or deemed approved) by Buyer and one-half of the escrow fee of the Escrow Agent. 
  
 9. Title and Possession. 
  
 (a) Seller shall, at closing, convey to Buyer good and clear record and marketable title in and to the Real Property, as set forth in
Paragraph 11 of this Agreement, subject only to taxes and assessments which become due and payable after the Closing Date, which taxes and assessments Buyer assumes and agrees to pay as part of the consideration for the transfer of the Property, and
to the exceptions to title set forth in Schedule B attached hereto, incorporated herein and made a part hereof. Buyer’s obligations with respect to the payment of such taxes and assessments shall survive the closing and the delivery of the
Deed. 
  
 (b) Buyer shall be solely responsible
for and shall secure, at its sole option and its sole cost and expense, a title commitment (“Title Commitment”) from a title insurance or other title company of its choosing and/or a survey (“Survey”) of the Property and shall,
in accordance with the provisions of paragraph 11 hereof provide the written notice to Seller required thereby of any objections with respect thereto (“Buyer’s Title Objection Notice”) indicating in reasonable detail the nature and
reasons for Buyer’s objections and including with such notice a copy of the Title Commitment and Survey together with copies of any documents containing matters objected to in such notice. Failure to give such notice shall constitute
Buyer’s approval of (i) all title and survey matters disclosed in the existing title policy, survey and other title matters, if any, with respect to the Property to be delivered by Seller to Buyer, and (ii) all matters set forth in the Title
Commitment and the Survey. 
  
 (c) Seller shall,
at closing, deliver possession of the Real Property and the Personal Property to Buyer, in the same condition which existed as of the date of this 

  

 
Agreement, reasonable wear and tear excepted and free and clear of any rights or claimed rights of tenancy or occupancy to the Property or portions thereof.

  
 10. Closing. 
  
 The closing of title under this Agreement shall be held at the office of
Seller’s local counsel, Stanley A. Brooks, 25 Walnut Street, 3rd Floor, Wellesley, MA 02481 or at such other
place as the parties hereto shall mutually agree, at 10:00 AM, on the earliest of (x) June 9, 2005, (y) so long as Buyer either shall have delivered a Completion Notice or shall not have delivered a Due Diligence Termination Notice prior to the end
of the Due Diligence Period, the first business day that is not a Friday and that is not less than five (5) days after delivery by Buyer to Seller of a notice designating a date for closing of title pursuant to and consistent with this Paragraph
10(y); or (z) such earlier date as shall be agreed upon by the parties hereto. The date on which such closing of title shall take place, as the same may be extended pursuant hereto, is herein sometimes referred to as the “Closing Date”.
The terms “closing”, “closing of title”, and words of similar import are used interchangeably in this Agreement, as the context may require, to mean the event of consummation of the purchase and sale of the Property. 

 
 (a) At closing, Seller shall, in addition to any other
documents or items required to be delivered by Seller under this Agreement, deliver to Buyer: 
  
 (i) A quit-claim deed, in form suitable for recording, conveying such title as Seller possesses to the Real Property (the
“Deed”) subject to encumbrances, exceptions and other matters as described on Schedule B and Schedule B-1 attached hereto and incorporated herein by reference; 
  
 (ii) One or more bills of sale and/or assignments conveying the Personal Property and the Property
Documents, without representations, warranties or covenants of any kind whatsoever; 
  
 (iii) An affidavit of Seller dated as of the Closing Date that, to the best of Seller’s knowledge, (A) no services have been
performed or materials supplied (other than in connection with any investigation of the Property by or on behalf of Buyer) with respect to the Real Property during the ninety (90) days immediately preceding the Closing Date for which mechanic’s
or materialman’s lien rights may exist and for which payment in full has not been made (or, in the event that any such services shall have been performed or materials delivered within said ninety (90) day period and not been paid for in full,
waivers of mechanic’s and materialman’s liens as a result thereof), and (B) no tenants or other parties are in or claim or assert rights to possession of the Real Property; 
  
 (iv) A certified check or check in other form satisfactory to the applicable governmental authority to pay
State excise stamp taxes; 
  

 (v) Originals or, if no originals exist, copies of the Property Documents, to the extent
possessed by Seller; 
  
 (vi) A certification of
non-foreign status in the form required by law; 
  
 (vii) Evidence satisfactory to Purchaser and to Purchaser’s title insurance company (the “Title Company”) that all necessary corporate approvals have been obtained with respect to Seller’s authority and the authority of
the signatory on behalf of Seller to convey the Property pursuant to this Agreement; 
  
 (viii) Affidavits sufficient for the Title Company to delete any exceptions for parties in possession or mechanics or materialmen’s
liens from the commitment for owner’s title insurance (the “Title Insurance”); 
  
 (ix) A “bring down” certificate restating as of the Closing date all of Seller’s representations and warranties contained
herein; 
  
 (x) An original of a Closing
statement setting forth the Purchase Price, the Closing adjustments and prorations and the application thereof at the Closing (the “Closing Statement”); 
  
 (xi) An original 1099-B certification; 
  
 (xii) An acknowledgment from Buyer Brokers (as hereinafter defined) of full payment of any brokerage fees
and commissions due Buyer Brokers; and 
  
 (xiii)
To the extent as may be required by the Title Company, evidence satisfactory to the Title Company that Seller has filed a proper application to obtain such waivers or certifications under M.G.L. c. 62C§§51-52 to eliminate any corporate tax
lien on the Property under such Sections of law, together with such assurances as the Title Company shall reasonably require from Seller so as not to take exception to title for any corporate tax lien on the Property under such Sections of law; and

  
 (xiv) To the extent consistent with
Seller’s obligations hereunder, such other documentation as Buyer or the Title Company may reasonably require to consummate the Closing in form and substance reasonably satisfactory to Seller and Seller’s counsel; and 
  
 (xv) Keys (or if applicable, security cards and/or security
codes) to all doors in the property and passwords, as appropriate and as Seller may possess; and 
  
 (b) At closing, Buyer shall pay to Seller the Purchase Price as otherwise provided herein and subject to adjustments provided in this
Agreement and 

  

 
shall, in addition to any other documents or items required to be delivered by Buyer under this Agreement, deliver to Seller, in form and substance
reasonably satisfactory to Seller, the agreements and acknowledgments referred to in paragraphs 2, 3, and 12 hereof and, to the extent consistent with Buyer’s obligations hereunder, such other documentation as Seller may reasonably require to
consummate the Closing. 
  
 11. Extension of Closing Date.

  
 (a) If, on the date herein originally set for
the closing, Seller shall be unable to convey good and clear record and marketable title (as required in Section 9(a) hereof) to the Real Property to Buyer, and Buyer has delivered Buyer’s Title Objection Notice to Seller in a timely manner, or
Seller shall be unable to deliver possession of the Property in accordance with the terms hereof, or if the Property is not otherwise in compliance with the terms hereof, then, and in that event, unless Buyer shall elect to pay the Purchase Price
and accept such title to the Property in such condition as Seller can convey, then the Closing Date shall be extended for a period of thirty (30) days, and Seller shall use reasonable efforts to cure such objections and/or matters and deliver
evidence of such cure to the Buyer within said thirty (30) day period but the Seller shall in no event be required to expend more than a maximum of $5,000.00 in the aggregate to effectuate the cure of all such objections, excluding only the monetary
liens (which term shall include any outstanding liens, security interests, monetary judgment, past due taxes or assessments or similar monetary encumbrances upon the Property). If, at the end of said period, Seller is still unable to convey the
required title to the Real Property or to deliver possession of the Property or if the Property is not otherwise in compliance with the terms hereof, Buyer may elect to pay the Purchase Price and accept such title to the Property in such condition
as Seller can convey or may reject the Deed on that ground. Upon such rejection by Buyer, the Deposit shall be refunded to Buyer. Upon receipt of the Deposit by Buyer, this Agreement shall terminate and become null and void and, except as otherwise
provided herein, Buyer and Seller shall be released and discharged of all further claims and obligations to each other hereunder. 
  
 (b) If Seller must pay off a debt secured by a mortgage or other lien on the Real Property in order to secure a release, such a mortgage
or lien shall not constitute a title defect under this Agreement, provided that (i) Seller pays the debt from the sales proceeds, provides Buyer with proof of payment and records the release as soon as it is available; and (ii) the Title Company
agrees to take no exception in Buyer’s Title Insurance for such mortgage or lien. 
  
 (c) Title to the Real Property shall not be deemed to be uninsurable if: (i) the Standards of Title of the Bar Association of the State or
Commonwealth in which the Property is located recommend that no corrective or curative action is necessary in those circumstances or in circumstances substantially similar to those presented by such encumbrance, lien or exception or title, or (ii) a
policy of title insurance (a “Closing Title Policy”) from the Title Company or from Chicago Title Insurance Company can be obtained at Buyer’s expense at no additional premium, without exception for the alleged 

  

 
title defect or, if additional premium shall be charged for such policy without such exception, Seller, at its option, shall elect to pay the same.

  
 (d) Notwithstanding anything contained herein
to the contrary, Buyer shall, no later than the Due Diligence Termination Date, give Seller written notice of any title encumbrance, lien or exception on the Real Property that requires corrective or curative action. If Buyer fails to give such
notice, Buyer shall be conclusively deemed to have accepted the Real Property subject to any and all such encumbrances or defects existing as of the date by which Buyer must give such notice. In the event that Buyer notifies Seller of any defect,
Seller shall then have the thirty (30) day period described above in which to remove the same or procure a Closing Title Policy. Any attempt by Seller to cure any objection to title or procure a Closing Title Policy shall not be deemed an admission
by Seller that a defect does in fact exist. If, in Seller’s opinion, the objection cannot be removed, or if it will be uneconomic to do so (as determined by Seller in its sole discretion; provided, however, that if a Closing Title Policy can be
procured with an expenditure by Seller not in excess of $5,000.00, Seller shall procure such Closing Title Policy), then, the sole liability of Seller shall be to refund the Deposit to Buyer. Upon receipt of the Deposit by Buyer, this Agreement
shall terminate and become null and void and Buyer and Seller shall be released and discharged of all further claims and obligations to each other hereunder except for those that expressly survive the termination of this Agreement. Notwithstanding
any other provision of this Agreement to the contrary, nothing contained in this Agreement shall require Seller to institute any legal proceedings or make any payment or make any payment in excess of $5,000.00 in order to remove any objection to
title. 
  
 12. Representations of Buyer. 
  
 (a) Buyer hereby agrees, acknowledges and represents that
neither Seller nor any person or party on behalf of Seller has made directly or indirectly, orally or in writing, any representation, warranty or covenant, express, implied or statutory, of any kind whatsoever upon which Buyer has relied in entering
into this Agreement or upon which Buyer has relied, is relying or shall rely in consummating the transaction contemplated by this Agreement (except as set forth in subparagraph 13 of this Agreement (including, specifically and without limitation,
any prospectus or other materials of any nature whatsoever distributed by Seller or its agents or representatives or otherwise delivered to or secured by Buyer with respect to the Property), Buyer further agrees, acknowledges and represents to
Seller that, subject to the terms and conditions of this Agreement, (i) Buyer has examined the Property and has fully satisfied itself with respect to the Property and the condition and all other aspects and attributes of the Property; and (ii)
Buyer is purchasing and shall, on the Closing Date, accept the Property in “as is”, “where is” and “with all faults and defects” condition, without any representation, warranty or covenant, express, implied or
statutory, of any kind whatsoever. 
  
 (b) Buyer
further agrees, acknowledges and represents that Buyer is entering into this Agreement and shall perform all of its obligations hereunder and 

  

 
consummate the transaction contemplated by this Agreement solely in reliance on and as a result of Buyer’s own investigations and efforts (including
Buyer’s inspection of the Property and such other investigations, examinations and inspections as Buyer has chosen to make or has made) and at Buyer’s sole risk, cost and expense, including, without limitation, the risk that Buyer’s
inspection of the Property and such other investigations, examinations and inspections may not reveal any or all adverse or existing conditions, aspects or attributes of the Property. Buyer acknowledges and represents (i) that Seller has afforded
Buyer the opportunity for full and complete investigation, examination and inspection of the Property and that Buyer has conducted or will conduct prior to closing, such investigations of the Property, including but not limited to the physical and
environmental conditions thereof, as Buyer, in Buyer’s sole discretion, deems necessary, desirable or advisable to satisfy itself as to the condition of the Property and the existence or non-existence or curative action to be taken with respect
to, among other things, any hazardous or Hazardous Substances (as hereinafter defined) on or discharged from the Property, and Buyer shall rely solely upon the same and not upon any information provided by or on behalf of Seller or its agents,
employees or representatives with respect thereto, other than such representations, warranties or covenants of Seller as are expressly set forth in this Agreement or (ii) that Buyer has elected to purchase the Property without making any such
investigation, examination or inspection. Buyer acknowledges that this paragraph was a negotiated part of this Agreement and serves as an essential component of consideration for the same. Without limiting the generality of the foregoing, the
parties specifically acknowledge that Buyer has had an opportunity to fully inspect the Property, including, but not limited to, the physical condition of the Real Property and the Personal Property (including all environmental concerns), and the
Purchase Price has been negotiated to eliminate all claims, whether known or unknown, relating to the condition of the Property and all aspects and attributes thereof, including, without limitation, all environmental matters. Consequently, this
clause bars all claims, whether or not presently known, brought by Buyer concerning the condition of the Property and all aspects and attributes thereof, specifically including, without limitation, all claims pursuant to the Comprehensive
Environmental Response, Compensation and Liability Act of 1980, as amended, any other federal, state or local environmental law, rule or regulation or otherwise. Notwithstanding the parties’ intent that all such claims be barred, should a court
of competent jurisdiction deem otherwise, the presence of this paragraph and the provisions of paragraph 2 hereof are intended by the parties to serve, and shall serve, as the overwhelming, primary factor in any equitable apportionment of damages
under the Comprehensive Environmental Response, Compensation and Liability Act, as amended, as well as any other federal, state or local environmental law, rule or regulation or otherwise. 
  
 (c) The provisions of this Section 12 are not intended to
derogate from Buyer’s right to rely upon any express representations and warranties of Seller otherwise provided for in this Agreement. 
  
 (d) Buyer shall confirm the agreements, acknowledgments and representations contained in this paragraph as of the Closing Date. The
provisions of this 

  

 
paragraph 12(a), (b), (c) and (d) shall survive the closing and the delivery of the Deed or any expiration or termination of this Agreement. 
  
 13. Authorization of Parties; Other Representations and Covenants.

  
 (a) Seller represents and warrants to Buyer
that, as of the date of this Agreement, (i) Seller is a Massachusetts limited liability company (“LLC”), (ii) Seller has the legal right, power and authority to enter into this Agreement and to perform its obligations hereunder, (iii) the
execution and delivery of this Agreement and the performance by Seller of its obligations hereunder (A) have been duly authorized by all requisite LLC action, and (B) will not conflict with, or result in a breach of, any of the terms, covenants and
provisions of (x) Seller’s Certificate of Formation or Operating Agreement, or, (y) to the best of Seller’s knowledge, any judgment, writ, injunction, regulation, ruling, directive or decree of any court or governmental authority, or any
agreement or instrument to which Seller is a party or by which Seller is bound, and (iv) the person executing this Agreement on behalf of Seller is duly authorized to do so. If requested by Buyer, Seller shall deliver to Buyer, on the Closing Date,
evidence of Seller’s authority as aforesaid. 
  
 Seller
further represents, warrants and covenants to Buyer that: 
  
 (i) there is not now pending, any action, suit, or proceeding against or affecting Seller or the Property before or by any federal or state court, commission, regulatory body, administrative agency or other
governmental body, domestic or foreign nor, to Seller’s knowledge, has any such action, suit or proceeding been threatened, other than any such matters as referenced in the title report provided to registered bidders at the foreclosure sale of
the Property conducted on February 2, 2005; 
  
 (ii) there are no management, service, supply, maintenance or other contracts or agreements with respect to or affecting the Property which would be binding upon Buyer or the Property after the Closing (other than agreements which are
included in the Operating Contracts). 
  
 (iii)
Seller has not from and after the date Seller took title to the Land and Improvements entered into any presently effective agreements or contracts regarding the lease, encumbrance, sale, conveyance, transfer or disposition of the Property or any
interests therein or portion thereof (except for this Agreement). 
  
 (iv) Seller has not received any complaint, demand, order, citation, notice or request for information with regard to air omissions, water discharge, noise emissions, releases of hazardous substances or non-compliance
or violation of applicable environmental, land use, historical, architectural, subdivision, building code, zoning, health or safety code or requirements affecting or related to the Property. 
  

 (v) Seller is not a “foreign person” as defined by the Internal Revenue Code
(“IRC”), Section 1445, and its United States Taxpayer Identification Number is 13-4071501; 
  
 (vi) Between the date hereof and the Closing, Seller agrees that: 
  
 (a) it will maintain the Property materially in the same general condition as the same is on the date of
this Agreement (reasonable wear and tear excepted); 
  
 (b) it will make available to Buyer, for inspection, examination, review and copying, all permits and approvals, engineering reports, environmental reports, title materials, plans and specifications and other materials of, for and with
respect to the Property which Seller with reasonable diligence is able to locate in its possession or control (exclusive of appraisals) although Seller, in accordance with the other provisions of this Agreement, including, without limiting the
generality of the foregoing, paragraphs 2 and 12 hereof, makes no representation, warranty or covenant relating to any documents or materials that Seller makes available for inspection; 
  
 (c) it will maintain insurance on the Premises as presently insured; 
  
 (d) it will not, without the prior written consent of
Buyer, apply for, consent to or process any applications for zoning, re-zoning, variances, site plan approvals, subdivision approvals or development with respect to the Property or any portion thereof; 
  
 (e) it will not, without the prior written consent of
Buyer, enter into any contracts for the sale, lease, assignment, transfer or encumbrance of or sell, lease, assign, transfer or encumber all or any portion of the Property or any interest therein; 
  
 (f) it will promptly notify Buyer if it discovers,
determines or is notified that any warranty or representation made by Seller hereunder is not (or is no longer) true; and 
  
 (b) Buyer represents and warrants to Seller that, as of the date of this Agreement, (i) Buyer is a duly organized Delaware corporation in
good standing and qualified to do business in the Commonwealth of Massachusetts, (ii) Buyer has the legal right, power and authority to enter into this Agreement and to perform its obligations hereunder, (iii) the execution and delivery of this
Agreement and the performance by Buyer of its obligations hereunder (A) if Buyer is an LLC, partnership or corporation, have been duly authorized by any and all requisite LLC, partnership or corporate action, 

  

 
as the case may be, and (B) will not conflict with, or result in a breach of, any of the terms, covenants and provisions of (x) if Buyer is a partnership,
corporation or LLC, Buyer’s partnership agreement, certificate of incorporation and bylaws or operating agreement, as the case may be, or, (y) to the best of Buyer’s knowledge, any judgment, writ, injunction or decree of any court or
governmental authority, or any agreement or instrument to which Buyer is a party or by which Buyer is bound, and (iv) the person(s) executing this Agreement on behalf of Buyer are duly authorized to do so. If requested by Seller, Buyer shall deliver
to Seller, on the Closing Date, evidence of Buyer’s authority as aforesaid. 
  
 (c) The representations of Seller and Buyer set forth in this paragraph shall be deemed to be remade as of the Closing Date with the same
force and effect as if first made on and as of such date and shall survive the closing and the delivery of the Deed or any expiration or termination of this Agreement. 
  
 14. Risk of Loss. The risk of loss or damage to the Improvements or the Personal Property by fire or other casualty
or cause beyond Seller’s control which damage is reasonably estimated to cost in excess of $100,000.00 to repair, or the taking of all or any portion of the Real Property by condemnation, eminent domain or other governmental acquisition
proceedings which either (i) affects any portion of the Building, parking area or access driveways on the Property, (ii) in Buyer’s reasonable judgment adversely affects access to the Property, (iii) is reasonably estimated to cost in excess of
$250,000.00 for restoration and repair of the remaining property, or (iv) gives any existing tenant of the Property the right to terminate its lease (collectively, “Damage”) in advance of the Closing Date shall be borne by Seller. In the
event of any such Damage, Seller, at its option, shall have a reasonable time thereafter within which to repair or replace such Damage. In the event that Seller does not elect to complete such repair or replacement or fails to complete such repair
or replacement within a reasonable time (including an extension of the Closing Date) after the occurrence of such Damage, Buyer shall have the right either: 
  
 (a) to terminate this Agreement, in which event the Deposit shall be returned to Buyer and this Agreement shall terminate and be null and
void, and the parties hereto shall have no further rights, obligations or recourse hereunder, except for those obligations that expressly survive the termination of this Agreement; or 
  
 (b) to accept the Property as provided in this Agreement, without any reduction of the Purchase Price, in
which event Buyer shall be entitled to an assignment from Seller of all insurance proceeds or condemnation or other award due or payable on account of such Damage up to the amount of the Purchase Price, less any amounts actually expended by Seller
in connection with any such proceedings and in connection with the repair (including any temporary repair) or replacement of such Damage. 
  

 15. Default, Liquidated Damages. 
  
 (a) In the event that Buyer shall fail to perform, observe or comply with any of its covenants, agreements
or obligations hereunder, including, without limitation, Buyer’s obligation to pay the Deposit or any part thereof when due, or if Buyer shall otherwise be in default hereunder, the Deposit shall be retained by Seller as Seller’s sole and
exclusive remedy (other than filing a document pursuant to paragraph 22 below), at law and in equity, for Buyer’s breach and as full liquidated damages for such breach in view of the uncertainty and impossibility of ascertaining such damages to
Seller. Seller and Buyer hereby agree that the aforesaid amount constitutes a reasonable forecast of the damages that would be sustained by Seller in the event of breach by Buyer. In such event, this Agreement shall terminate and become null and
void and without recourse to the parties hereto and Buyer and Seller shall be released and discharged of all further claims and obligations to each other hereunder, except for those obligations that expressly survive the termination of this
Agreement. 
  
 (b) In the event that the sale of
the Property shall fail to close as a result of the failure of Seller to perform, observe or comply with any of its covenants, agreements or obligations hereunder (subject to the right of Seller to extend the Closing Date pursuant to Paragraph 11),
Buyer shall have the option to (i) commence an action for specific performance of this Agreement, the parties agreeing that Buyer’s actual damages would be difficult or impossible to determine if Seller defaults and the ownership of the
Property has a unique value to Buyer or (ii) to terminate this Agreement and receive back the Deposit as Buyer’s sole and exclusive remedy, at law and in equity, for Seller’s breach as full liquidated damages for such breach in view of the
uncertainty and impossibility of ascertaining such damages to Buyer. Seller and Buyer hereby agree that the aforesaid amount constitutes a reasonable forecast of the damages that would be sustained by Buyer in the event of breach by Seller and
Buyer’s election of option (ii), above. Upon Buyer’s election to terminate, as aforesaid, this Agreement shall terminate and become null and void and without recourse to the parties hereto and, except as otherwise provided herein, and
Buyer and Seller shall be released and discharged of all further claims and obligations to each other hereunder. 
  
 16. Brokers. 
  
 (a) Buyer and Seller represent and warrant to each other that neither party has dealt with any person in connection with the transaction
contemplated hereby that would be entitled to a brokerage commission, finder’s fee or other similar compensation other than Keith Gurtler of Trammell Crow Company (the “Broker”). 
  
 (b) Seller agrees to pay a brokerage fee to Broker equal to
three (3.0%) percent of the Purchase Price upon the occurrence of the Closing hereunder, the delivery of the deed and the payment of the Purchase Price. Seller and Buyer shall each indemnify, protect and save the other party, and hold the other
party forever harmless, from and against, and reimburse the other party, any and all obligations, claims, demands, causes of action, liabilities, losses, actual damages, judgments, penalties and out-of-pocket costs and expenses (including, without
limitation, attorneys’ fees) which may be imposed upon, asserted against or incurred or paid by Buyer or Seller, or for which Buyer 

  

 
or Seller may become obligated or liable, by reason of, on account of or in connection with a breach by Buyer or Seller of the aforesaid representations
warranties and covenants. 
  
 (c) The aforesaid
warranties and indemnities shall survive the closing and the delivery of the Deed or any expiration or termination of this Agreement. 
  
 17. Binding Effect. This Agreement shall be binding upon and inure to the benefit of the parties hereto and, to the extent permitted hereby, their
respective heirs, legal representatives, successors and assigns. 
  
 18. Entire Agreement, Modifications. This Agreement embodies the entire contract and all of the covenants, agreements, promises, conditions and undertakings between the parties hereto with respect to the Property and the subject
matter hereof and supersedes any and all prior negotiations and prior and contemporaneous agreements and understandings, inducements or conditions, express or implied, written or oral, formal or informal, all of which are deemed to be merged herein.
No representations, statements, warranties, covenants, undertakings or promises of Seller or any representative or agent of Seller, whether oral, implied or otherwise and whether made before or after the date hereof, shall be considered a part
hereof or binding upon Seller unless specifically set forth herein or agreed to by the parties in writing, nor shall any provision of this Agreement be supplemented, terminated, modified or waived except by a writing signed by both parties. No
modification or amendment to this Agreement of any kind whatsoever, shall be made or claimed by Seller or Buyer, and no notice of any extension, change, modification or amendment made or claimed by Seller or Buyer shall have any force or effect
whatsoever unless the same shall have been reduced to writing and fully signed by Seller and Buyer. 
  
 19. Acceptance of Deed. The parties agree that, except to the extent expressly provided herein or by way of a specific agreement in writing which
by its terms shall expressly survive the closing, the delivery by Seller and the acceptance by Buyer of the Deed at the closing, shall be deemed to constitute full performance and compliance by Seller with all of the terms, conditions and covenants
of this Agreement on its part to be performed and discharge thereof. 
  
 20. Pronouns; Joint and Several Liability. All pronouns and nouns and any variations thereof shall be deemed to refer to the masculine, feminine or neuter, singular or plural, as the identity of the parties or the context may
require. If Buyer consists of two or more parties, the liability of such parties shall be joint and several. 
  
 21. Invalidity. If any term, condition or provision of this Agreement shall to any extent or for any reason be held invalid, illegal or
unenforceable, such invalidity, illegality or unenforceability shall not affect any other provision of this Agreement, but the remainder of this Agreement and each term and provision of this Agreement, including the remaining portions of such term,
condition or provision which are held not to be invalid, illegal or unenforceable, shall be valid and remain in full force and effect 

  

 
and enforceable to the fullest extent permitted by law, subject to such modification hereof as may be necessitated by such invalidity. 
  
 22. Recording. Buyer agrees not to record or file this Agreement or
any notice or memorandum hereof or reference hereto on any public records, including, without limitation, the Land Records of the municipality or County in which the Property is located. Any such recording or filing by Buyer shall constitute a
default hereunder and a material breach of this Agreement entitling Seller to retain the Deposit pursuant to Paragraph 15, and without limiting Seller’s right to retain said Deposit pursuant to Paragraph 15, in addition, this Agreement shall
become void at the option of Seller, which option shall be exercised by Seller by recording or filing notice thereof in such public records and upon the recording of any such notice or memorandum (and not limiting Seller’s right to retain the
Deposit as hereinabove provided), this Agreement shall be null and void and without recourse to the parties hereto and Seller shall be released and discharged of all further claims and obligations to Buyer whatsoever. 
  
 23. Applicable Law. This Agreement shall be governed by, and construed
and enforced in accordance with, the internal laws of the Commonwealth of Massachusetts, without regard to principles of conflicts of law. Further, any action brought by Buyer in regards to this Agreement shall be brought in and the sole place of
venue and jurisdiction for said action shall be Boston, Massachusetts. 
  
 24. Notices. 
  
 (a) Any notice,
report, demand, request or other instrument or communication authorized, required or desired to be given under this Agreement by Buyer or Seller shall be in writing and shall be deemed given if addressed to the party intended to receive the same, at
the address of such party set forth below, (i) when delivered at such address by hand or by overnight delivery service, or (ii) three (3) days after the same is deposited in the United States mail as first class certified mail, return receipt
requested, postage paid, whether or not the same actually shall have been received by such party: 
  
 Buyer: SeaChange International, Inc. 
 124 Acton St. 
 Maynard, MA 01754 
 Attention: Les Koch 
  
 with a copy to: Sherin and Lodgen LLP 
 101 Federal Street 
 Boston, MA 02110 
 Telephone: (617) 646-2128 
 Fax: (617) 646-2222 
 Attention: Douglas M. Henry, Esq. 
  

 Seller: LB February 2005 Nagog Park Drive LLC 
 c/o TriMont Real Estate Advisors, Inc. 
 Monarch Tower 
 3424 Peachtree Road NE, Suite 2200 
 Atlanta, GA 30326 
  
 with a copy to: JLS Investments, Inc. 
 524 Ovilla Road 
 Waxahachie, TX 75167 
 Attention: John L. Sanders 
  
 and a copy to: Windels Marx Lane & Mittendorf, LLP 
 120 Albany Street Plaza 
 New Brunswick, NJ 08901 
 Attention: James J. Thomas, Esq. 
                    Gary F. Eisenberg, Esq.

  
 (b) Either party may change the address to
which any such notice, report, demand, request or other instrument or communication to such party is to be delivered or mailed, by giving written notice of such change to the other parties, but no such notice of change shall be effective unless and
until received by such other parties. No such notice, report, demand, request or other instrument or communication given hereunder shall be invalidated or rendered ineffective due to any failure to give, or delay in giving, a copy of such notice,
report, demand, request or other instrument or communication to any party to whom such copy is to be given as provided above. 
  
 25. Calculation of Time. Whenever in this Agreement a period of time is stated as a number of days, it shall be construed to mean calendar days;
provided, however, that when any period of time so stated would end on a Saturday, Sunday, legal holiday, or any of the following dates in the year 2005 (the “Extra Days”): April 25, April 29, May 12, May 13, June 13 or June 14, then such
period shall be deemed to end on the next day following which is not a Saturday, Sunday or legal holiday or one of the Extra Days. Time is of the essence of this Agreement. 
  
 26. Expenses. Whether or not the transaction contemplated by this Agreement is consummated, unless otherwise
provided, each party shall pay its own expenses incident to the preparation and performance of this Agreement, including, without limitation, attorneys’ fees. 
  
 27. Waivers; Extensions. No waiver of any breach of any condition, term, covenant, agreement or provision herein
contained shall be deemed a waiver of any preceding or succeeding breach thereof or of any other condition, term, covenant, agreement or provision herein contained. No extension of time for the performance of any obligation or act shall be deemed an
extension of time for the performance of any other obligation or act. 
  

 28. Schedules. All schedules attached to this Agreement are hereby incorporated by this reference
into this Agreement. 
  
 29. Counterparts; Captions. This
Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. The captions are for convenience of reference only and shall not affect the meaning,
construction or effect to be given to any of the provisions hereof. 
  
 30. Assignment. This Agreement may not be assigned (including any transfer of the majority ownership interest in Buyer) by Buyer without Seller’s prior written consent, which Seller may withhold in its sole and absolute
discretion; provided, however, an assignment by Buyer to an entity which (a) is controlled by the current principals of Buyer and (b) in which the current principals of Buyer in aggregate hold a majority of the equity interests in such entity shall
not require Seller’s prior written consent so long as Buyer provides (x) notice thereof to Seller before the Closing Date and (y) reasonably timely and sufficient disclosure as Seller needs to comply with applicable government requirements
(including without limitation financial transaction reporting requirements and the Terrorism Laws, defined below). In the event of any assignment consented to by Seller or otherwise permitted hereunder, the assignee shall execute an agreement, in
form and substance reasonably satisfactory to Seller, pursuant to which such assignee assumes all obligations of Buyer under this Agreement and affirms all representations, warranties and indemnities of Buyer hereunder. Any assignment or purported
assignment by Buyer in violation of the terms of this paragraph shall constitute a material default hereunder and, upon the occurrence thereof, Seller, at its option, may terminate this Agreement upon notice to Buyer and Seller shall thereafter be
entitled to receive and retain the Deposit in accordance with the provisions of paragraph 15 of this Agreement and this Agreement shall be null and void and without recourse to the parties hereto and the Seller shall be released and discharged of
all further claims and obligations to Buyer whatsoever. 
  
 31.
Buyer’s Representations with Respect to Affiliation. Buyer represents and warrants that neither Buyer, nor, if Buyer is a partnership or corporation, any of its partners or officers, directors or shareholders, nor any of its
beneficiaries (“Principals”), is related to any employee of Seller, TriMont or JLS Investments, Inc. and that no employee of Seller, TriMont or JLS Investments, Inc. will benefit, either directly or indirectly, from the transaction
contemplated hereby. In the event of any permitted assignment of this Agreement, the terms of this paragraph shall be construed so as to apply to the assignee and its principals, and such assignee shall confirm such representations and warranties in
writing. The provisions of this paragraph and of any such affidavit shall survive the closing and the delivery of the Deed. 
  
 32. Terrorism Laws. Neither the Agreement nor the sale of the Property as contemplated by the Agreement violates any of the Terrorism Laws (defined
below in this paragraph) applicable to any of Buyer or principal or affiliate of Buyer. To the best knowledge of Buyer, after due inquiry, no holder of any direct or indirect equitable, legal 

  

 
or beneficial interest in Buyer is the subject of any of the Terrorism Laws. No portion of the Property or any income, profits, rents, issues or proceeds
thereof will be used, disbursed or distributed by any of Buyer or principal or affiliate of Buyer for any purpose, or to any person or entity, directly or indirectly, in violation of any of the Terrorism Laws. In this Agreement, “Terrorism
Laws” means Executive Order 13224 issued by the President of the United States of America, the Terrorism Sanctions Regulations (Title 31 Part 595 of the U.S. Code of Federal Regulations), the Terrorism List Governments Sanctions Regulations
(Title 31 Part 596 of the U.S. Code of Federal Regulations), the Foreign Terrorist Organizations Sanctions Regulations (Title 31 Part 597 of the U.S. Code of Federal Regulations), and the USA PATRIOT Act (Pub. L. No. 107-56, 2001), and all other
present and future federal, state and local laws, ordinances, regulations, policies and any other requirements of any Governmental Authorities (including, without limitation, the United States Department of the Treasury Office of Foreign Assets
Control) addressing, relating to, or attempting to eliminate, terrorist acts and acts of war, each as hereafter supplemented, amended or modified from time to time, and the present and future rules, regulations and guidance documents promulgated
under any of the foregoing, or under similar laws, ordinances, regulations, policies or requirements of other States or localities. In addition, without limiting the foregoing, Buyer agrees that it is a condition precedent to Seller’s
obligation to close the transactions contemplated hereby that Buyer at the closing shall deliver to Seller a statement listing the name of every holder of every interest in Buyer or any assignee of Buyer taking title to the Property and the
source(s) of all funds of Buyer, any assignee of Buyer and every holder of every interest in Buyer (whether received by Buyer by loan, capital contribution or otherwise) from which the Purchase Price is being paid. Notwithstanding the foregoing, if
on the Closing Date Buyer’s stock shall be listed on NASDAQ or a public stock exchange in the United States of equal or greater stature, the fact of such listing shall satisfy Buyer’s obligation under the preceding sentence, and such
condition precedent shall be deemed satisfied by reason of such listing. 
  
 33. Due Diligence Materials. In the event of the expiration or termination of this Agreement for any reason whatsoever, Buyer shall, promptly after such expiration or termination, deliver to Seller any and all
Property Documents and other information or documentation obtained or prepared by or made available to Buyer in connection with its investigation of the Property (including all copies and abstracts thereof) and by copies (with professional
certification in favor of Seller by any party responsible for the production or creation thereof) of all written reports, documents and results obtained or prepared by or made available to Buyer as a result of Buyer’s investigation of the
Property (collectively, the “Due Diligence Materials”). Notwithstanding anything set forth herein to the contrary, in the event that Buyer shall be entitled to a return of the Deposit as a result of such expiration or termination, Seller
shall not be obligated to return the Deposit until such time as Seller shall have received the Due Diligence Materials. 
  
 34. Confidentiality. Buyer and Seller covenant and agree to keep confidential the terms of the transaction contemplated hereby and not to disclose
to any person either the fact that discussions or negotiations are taking place (other than Buyer’s lender or 

  

 
their respective attorneys and, in the case of Seller, the Indemnitees) concerning the acquisition and sale of the Property or the substance or status
thereof. Buyer further covenants and agrees to keep confidential and not to disclose to any third party (other than Buyer’s lender or attorney) the results of any investigation of the property by Buyer or any information with respect to the
Property Documents or any other information or documentation obtained or prepared by or made available to Buyer in connection with or arising out of this Agreement or the performance of any of its rights or obligations hereunder. Buyer shall advise
each person to whom disclosure is permitted as provided in this paragraph of the confidential nature of the transaction contemplated hereby, shall instruct such persons to abide by the provisions of this paragraph and shall obtain a signed agreement
from such persons agreeing to abide by the confidentiality provisions of this Agreement. The confidentiality provisions of this Agreement shall survive any expiration or termination of this Agreement. 
  
 35. Time; Essence. TIME IS OF THE ESSENCE IN THE PERFORMANCE OF THIS
AGREEMENT. 
  
 36. Survival. Unless otherwise expressly
stated in this Agreement, each of the warranties and representations of Seller and Buyer shall not survive the Closing and delivery of the Deed and shall be deemed to have merged therewith. Unless expressly made to survive, all obligations and
covenants of Seller contained herein shall be deemed to have been merged into the Deed and shall not survive the Closing. 
  
 37. Use of Proceeds to Clear Title. To enable Seller to make conveyance as herein provided, Seller may, at the time of Closing, use the Closing Sum
and the Deposit, or any portion thereof, to clear the title of any and all encumbrances or interest, provided that provisions reasonably satisfactory to the Buyer’s title company are made for prompt recording of all instruments so procured in
accordance with standard Massachusetts conveyancing practice and the terms and provisions of the Title and Practice Standards of the Real Estate Bar Association (formerly Massachusetts Conveyancers Association). 
  
 38. Submission Not an Offer or Option. The submission and delivery of
this Agreement or a summary or sum of all of its provisions for examination or negotiation by Buyer and Seller does not and shall not be deemed to constitute an offer by Seller or Buyer to enter into an agreement to sell or purchase the Property and
neither party shall be bound to the other with respect to any such purchase and sale until a definitive agreement satisfactory to the Buyer and Seller in their sole discretion is executed and delivered by both the Buyer and Seller. 
  
 39. Construction of Agreement. The parties hereto agree that the terms
and language of this Agreement were the result of negotiations between the parties and, as a result, there shall be no presumption that ambiguities, if any, in this Agreement shall be resolved against either party. Any controversy over the
construction of this Agreement shall be decided neutrally, in light of its conciliatory purposes, and without regard to events of authorship or negotiation. 
  

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first written above.

  

									
	 Signed, Sealed and Delivered
	 	 	 	 BUYER:

	 in the Presence of:
	 	 	 	 SEACHANGE INTERNATIONAL, INC.

					
	 By:
	 	 /s/ Claudia Ramelli
	 	 	 	 By:
	 	 /s/ William L. Fielder

	 Name:
	 	 Claudia Ramelli
	 	 	 	 Name:
	 	 William L. Fiedler

	 Its:
	 	 Executive Admin
	 	 	 	 Its:
	 	 Senior Vice President

			
	 Signed, Sealed and Delivered
	 	 	 	 SELLER:

	 in the Presence of:
	 	 	 	 LB FEBRUARY 2005 NAGOG PARK DRIVE LLC

					
	 By:
	 	 	 	 	 	 By:
	 	 /s/ Marguerite Brogan

	 Name:
	 	 	 	 	 	 Name:
	 	 Marguerite Brogan

	 Its:
	 	 	 	 	 	 Its:
	 	 Authorized Signatory

  
 The Escrow Agent is executing this
Agreement solely for the purpose of acknowledging receipt of the Deposit and acknowledging and agreeing to be bound by the provisions of paragraph 7 hereof. 
  

									
	 Signed, Sealed and Delivered
	 	 	 	 ESCROW AGENT:

	 In the Presence of:
	 	 	 	 
					
	 By:
	 	 /s/ Richard F. Realy
	 	 	 	 By:
	 	 /s/ Stanley A. Brooks, Esq.

	 Name:
	 	 Richard F. Realy
	 	 	 	 Name:
	 	 Stanley A. Brooks, Esq.

	 Its:
	 	 	 	 	 	 Its:
	 	 

  

									
	 Date:
	 	 	 	 	 	 	 	 

  

 SCHEDULE A 
  
 [Legal Description] 
  
 Property Description 
  
 50 NAGOG PARK DRIVE 
  
 Lot 106 on a Plan entitled
“‘Nagog Square’ Definitive Subdivision Plan of Land in Acton, Mass.” by R. D. Nelson dated May 10, 1973, last revised November 12, 1973 and recorded with Middlesex South District Registry of Deeds as Plan No. 448 of 1974 in Book
12629, Page 25 (hereinafter called the “1973 Plan”), bounded and described as follows: 
  

			
	SOUTHERLY	  	by Nagog Park, as shown on the Plan, by five courses, 76.81’, 520.00’, 99.38’, 345.17’ and 104.76’, respectively:
		
	SOUTHEASTERLY	  	by land of Nagog Development Company shown on the Plan as “60’ R. O. W. Easement Area 20,450 S.F.,” by two courses, 43.17’ and 289.09’, respectively;
		
	NORTHERLY	  	by land now or formerly of J.J. Helder & V. E. Wiegand, 231.95’;
		
	EASTERLY	  	again by said land now or formerly of J. J. Helder & V.E. Wiegand by five courses, 86.36’, 141.00’, 62.49’, 110.13’, and 135.94’ respectively;
		
	NORTHEASTERLY	  	by land now or formerly of S. & J. Tabbi, 623.67’;
		
	NORTHWESTERLY	  	by land shown on the Plan as Lot 8A, by three courses, 109.64’, 103.78’ and 154.91’, respectively;
		
	SOUTHWESTERLY	  	again by said land shown on the Plan as Lot BA, 102.27’.

  

 EASEMENT PARCEL 
  
 Together with grant of easements, in common with others entitled thereto, contained in a deed May 27, 1982 recorded in Book 14625, Page 358,
and together with grant of easement contained in deed dated May 8, 1981 recorded in Book 14286, Page 448. Said easements include the following: 
  
 1. A nonexclusive right to use the area shown as “Nagog Park” on the 1981 Plan and on the 1973 Plan for all purposes for which public streets and ways are
commonly used in the Town of Acton, in common with others entitled thereto, including, without limitation, the right to use said Nagog Park for supplying electricity, telephone, gas, water, sewage disposal and all other utilities; for data or other
lines for the transmission of intelligence, if and to the extent not included in the foregoing enumeration; and for the carrying and draining of surface water, including in each case the right to install, use, maintain, inspect, repair, replace and
relocate pipes, lines, wires, conduits, and all other facilities and all necessary and related fixtures, apparatus and appurtenances and to connect with all similar facilities in said Nagog Park, whether now existing or installed in the future;
provided. however, that all of the foregoing shall be underground, other than drainage ditches constructed in said Nagog Park, and control boxes and similar fixtures, apparatus and appurtenances now or hereafter customarily located on or above the
ground level, and including the right to grant the same rights to public utilities and others. 
  
 2. A nonexclusive right to use the area shown on the 1973 Plan between Nonset Path and Nagog Park as “60’ Wide Utility East” and “Part of Lot 2”, in common with others entitled thereto, for
the purposes of supplying electricity, telephone, gas, water, sewage disposal and all other utilities and for data or other lines for the transmission of intelligence; if and to the extent not included in the foregoing enumeration, including in each
case the right to install, use, maintain, inspect, repair, replace and relocate pipes, lines, wires, conduits and all other facilities and all necessary and related fixtures, apparatus and appurtenances, and to connect with all similar facilities in
said area, whether now existing or installed in the future; provided, however, that all of the foregoing shall be underground other than control boxes and similar fixtures, apparatus and appurtenances now or hereafter customarily located on or above
the ground level, and including the right to grant the same rights to public utilities and others. 
  
 3. A nonexclusive right to use Nonset Path as shown on the 1973 Plan and as shown on a plan entitled “Definitive Subdivision Plan, Minuteman Business & Industrial Park, Plan of Land in Acton, Mass.”
dated September 8, 1970, revised December 9, 1970, drawn by R. D. Nelson and recorded in said Deeds as Plan No. 152 of 1971 in Book 11958, Page 230, for all purposes for which streets and ways are commonly used in the Town of Acton, in common with
others entitled thereto, including, without limitation, use of said Nonset Path for the purposes of supplying electricity, telephone, gas, water, sewage disposal and all other utilities and for data or other lines for the transmission of
intelligence, if and to the extent not included in the foregoing enumeration, including in each case the right to install, use, maintain, inspect, repair, replace and relocate pipes, lines, wires, conduits, and all other facilities and all necessary
and related fixtures. apparatus and appurtenances and to connect with all similar facilities in said Nonset Path, whether now existing or installed in the future; provided, however, that all of the 

  

 
foregoing shall be underground, other than control boxes and similar fixtures, apparatus and appurtenances now or hereafter customarily located on or above
the ground level, and including the right to grant the same rights to public utilities and others. 
  
 4. The right to use a right of way forty (40) feet wide, in common with others entitled thereto, for all purposes for which a town way may now or hereafter be used over land known as the Texas Lot (now owned by the
Town of Acton), the Davis Lot and the Gates Lot centering on the center line of the woods road as they now stand between the aforesaid Parcel 1 and the town way known as Quarry Road. 
  
 Together with the rights and easements in common with others granted and assigned Nagog Park Investors, L.L.C., pursuant to a certain Grant,
Assignment and Assumption of Easements dated November 23, 1998 recorded November 24, 1998 in Book 29415, page 13 as set forth in a certain Grant of Easement dated November 2, 1994, and recorded in Book 24973, Page 211, relating to the Easement Area
(as such term is defined in said Grant of Easement). 
  
 The above premises is
also described as Acton’s Assessors Map Plat 50, Parcel 5 dated August 21, 1989 recorded as Plan 498 of 1990 and also shown as follows: 
  
 A CERTAIN PARCEL OF LAND SITUATED ON THE NORTHERLY SIDE OF NAGOG PARK DRIVE IN ACTON, MA. BEGINNING AT A STONE BOUND AT THE LAND NOW OR FORMERLY OF THE NAGOG DEVELOPMENT
COMPANY. 
  
 THENCE N34 DEGREES-48’-12”W, ONE HUNDRED TWO AND 27/100
(102.27’) FEET TO A POINT; THENCE N35 DEGREES-48’ -49”E, ONE HUNDRED FIFTY FOUR AND 81/100 (154.81) FEET TO A DRILL HOLE IN A STONE WALL; 
  
 THENCE ALONG THE STONE WALL, N36 DEGREES-33’-34”E, ONE HUNDRED THREE AND 78/100 (103.78’) FEET TO A DRILL HOLE; 
  
 THENCE N36 DEGREES-39’-00”E, ONE HUNDRED NINE AND 64/100 (109.64’) FEET TO A
DRILL HOLE IN A STONE WALL AT THE LAND NOW OR FORMERLY OF IRON BUCKET LIQUIDATION TRUST, THE LAST FOUR COURSES BEING ALONG THE LAND NOW OR FORMERLY OF THE NAGOG DEVELOPMENT COMPANY; 
  
 THENCE S61 DEGREES-53’-07” E, SIX HUNDRED TWENTY FOUR AND 21/100 (624.21’) FEET TO A DRILL HOLE; 
  
 THENCE S27 DEGREES-01’-46”E, ONE HUNDRED THIRTY FIVE AND 94/100 (135.94’) FEET
TO AN IRON PIPE; 
  
 THENCE S13 DEGREES-21’ -40”E, ONE HUNDRED TEN AND
13/100 (110.13’) FEET TO AN IRON PIPE; 
  

 THENCE S14 DEGREES-41’-25”E, SIXTY TWO AND 49/100 (62.49’) FEET TO AN IRON PIPE; 
  
 THENCE S07 DEGREES-01’-20”E, ONE HUNDRED FORTY ONE AND 00/100 (141.00’) FEET
TO AN IRON PIPE; 
  
 THENCE S21 DEGREES-31’-30”E, EIGHTY FOUR AND 91/100
(84.91’) FEET TO AN IRON PIPE; 
  
 THENCE S72 DEGREES-56’-47”E, TWO
HUNDRED THIRTY THREE AND 05/100 (233.05’) FEET TO A STONE BOUND: 
  
 THENCE
S36 DEGREES-27-29”W, THREE HUNDRED AND 29/100 (300.29’) FEET TO A STONE BOUND; 
  
 THENCE ALONG A CURVED LINE TO THE RIGHT WITH A RADIUS OF THIRTY AND 00/100 (30.00’) FEET, FORTY THREE AND 17/100 (43.17’) FEET, TO A STONE BOUND AT THE SIDE OF NAGOG PARK DRIVE, THE LAST NINE COURSES BEING
ALONG THE LAND NOW OR FORMERLY OF IRON BUCKET LIQUIDATION TRUST; 
  
 THENCE ALONG
A CURVED LINE TO THE RIGHT WITH A RADIUS OF SEVEN HUNDRED THIRTY AND 15/100 (730.15’) FEET, NINETY SEVEN AND 73/100 (97.73’) FEET TO A POINT; 
  
 THENCE ALONG A CURVED LINE TO THE RIGHT WITH A RADIUS OF ONE THOUSAND FIVE HUNDRED THIRTY FOUR AND 53/100 (1,534.53’) FEET, THREE HUNDRED FIFTY THREE AND 80/100
(353.80’) FEET TO A POINT; 
  
 THENCE N40 DEGREES-12’-39”W, NINETY
NINE AND 38/100 (99.38’) FEET TO A STONE BOUND; 
  
 THENCE ALONG A CURVED
LINE TO THE LEFT WITH A RADIUS OF ONE THOUSAND FIVE HUNDRED SIXTY AND 01/100 (1,560.01’) FEET, FIVE HUNDRED TWENTY AND 00/100 (520.00’) FEET TO A POINT; 
  
 THENCE ALONG A CURVED LINE TO THE LEFT WITH A RADIUS OF SEVEN HUNDRED TWENTY SEVEN AND 91/100 (727.91’) FEET, SEVENTY SIX AND 72/100
(76.72’) FEET TO THE POINT OF BEGINNING, THE LAST FIVE COURSES BEING ALONG NAGOG PARK DRIVE. 
  
 SAID PARCEL CONTAINS 11.49 ACRES. 
  
 TOGETHER
WITH GRANT OF EASEMENTS CONTAINED IN DEED DATED MAY 27, 1982 RECORDED IN BOOK 14625, PAGE 368 IN COMMON WITH OTHERS ENTITLED THERETO. 
  
 GRANTOR SPECIFICALLY RESERVES TO ITSELF AND ITS SUCCESSORS AND ASSIGNS RIGHTS IN AND TO THE EASEMENT PARCEL. 
  

  
 SCHEDULE B 
  
 1. Any and all provisions of any law, by-law, code, ordinance or governmental
rule or regulation. 
  
 2. Lien for taxes and assessments not yet
due and payable on the Closing Date. 
  
 3. Rights of tenants or
parties in possession. 
  
 4. Any state of facts that an accurate
survey or personal inspection of the Property may disclose. 
  
 5.
All encumbrances, restrictions and exceptions to title as of record appear, except to the extent that the same render title unmarketable and for which no affirmative title insurance is available. 
  
 6. Acts done or suffered by Buyer or any person claiming by, through or under
Buyer. 
  
 7. The items set forth on the attached Schedule B-1.

  

  
 SCHEDULE B-1 (title policy
exceptions) 
  

	1.	Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior
to the date the proposed insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 

  

	2.	Any stage of facts as would be disclosed by a current Certificate of Municipal Liens; plus unpaid water and sewer charges, if any. 

  

	3.	Rights of the tenants, and/or others in possession, if any. 

  

	4.	Any liability for mechanics’ or materialmen’s liens. 

  

	5.	The exact acreage or square footage being other than as stated in the description sheet annexed or the plan(s) therein referred to. 

  

	6.	Graphic omitted. 

  

	7.	Graphic omitted. 

  
 AFFECTS PARCEL 1 - 100 NAGOG PARK DRIVE 
  

	8.	Title to and rights of the public and others entitled thereto in and to so much of the insured Premises lying within the bounds of adjacent streets or ways.

  
 NOTE: Item 4 affects only the appurtenant
easements of Parcel 1. 
  

	9.	Undefined right of way as reserved in a deed of Charles E. Davis, et ux dated December 26, 1941 recorded in Book 6687, Page 586. 

  

	10.	Restrictions and approval requirements set forth in Declaration of Restrictive Covenants by Nagog Development Company dated March 13, 1981 recorded in, Book 14238, Page 59; as
amended by a First Amendment dated May 8, 1981 by Nagog Development Company and Setra Systems, Inc. recorded in Book 14286, Page 442; as affected by Certificate of Approval dated May 8, 1981 recorded in Book 14349, Page 530; as affected by
Certificate of Approval dated December 1, 1988 recorded in Book 19589, Page 280; and as affected by Confirmation Certificate of Approval dated February 7, 1998 recorded February 9, 1998 in Book 28159, Page 204. 

  

	11.	Utility and Grading Easement shown on plan dated August 21, 1989, last revised September 26, 1989, recorded as Plan No. 497 of 1990 in Book 20595, Page 356.

  

	12.	Terms and provisions of Sewage Treatment Agreement dated November 23, 1998 recorded on November 24, 1998 in Book 29418, Page 514. 

  

	13.	Slope Easement to Nagog Development Company dated February 7, 1998 recorded in Book 28159, Page 227. 

  
 Schedule C 
  
 Escrow Conditions 
  
 1. The Payment shall be held in escrow by Escrow Agent, in an FDIC-insured
bank account (which need not be interest-bearing) at a bank selected by Escrow Agent and reasonably acceptable to Seller and Buyer, on the terms hereinafter set forth provided, however, that until such written approval and a signed IRS Form W-9 is
received by the Escrow Agent from both Buyer and Seller, the Deposit shall not be placed into such account. All interest earned on the Deposit shall be deemed to be a part of the Deposit and shall accrue and otherwise be paid in accordance with the
provisions of paragraph 7 of the Purchase and Sale Agreement to which this Schedule C is attached and is a part of. Seller and Buyer each agree that Boston Private Bank and Trust Company, Washington Street, Wellesley, MA, is an acceptable bank for
purposes of this paragraph. Buyer and Seller agree that such FDIC insurance may not cover or be applicable to the entire balance on deposit in such account and jointly and severally indemnify and hold Escrow Agent harmless with respect to any loss
arising from, resulting from or in connection with a lack of insurance upon the Deposit. 
  
 2. Capitalized terms shall have the meanings as set forth in this Agreement. 
  
 3. If Buyer delivers a Due Diligence Termination Notice before the expiration of the Due Diligence Period, Escrow Agent shall, upon simultaneous or
subsequent delivery to Seller by Buyer of all Due Diligence Materials and not before Escrow Agent receives written confirmation of delivery from Buyer and receipt thereof from Seller, deliver the Deposit, together with the interest earned thereon,
if any, to Buyer. 
  
 4. If (a) after the Due Diligence Period
Buyer shall not have delivered a Due Diligence Termination Notice, and (b) Buyer shall not have closed the transactions contemplated under the Agreement by the Closing Date, and (c) Seller delivers to the Escrow Agent and Buyer a 5-day written
notice (the “Default Notice”) stating that Seller has not materially breached any of its obligations under the Agreement, then in such event and upon receipt of the Default Notice, the Escrow Agent shall immediately deliver the
Deposit to Seller without the need for any approval by Buyer and even despite a potential objection by Buyer, it being agreed that the Escrow Agent may conclusively rely upon the Default Notice and that Buyer’s sole and exclusive remedy, if the
Default Notice is incorrect, is against Seller and not against the Escrow Agent. The Escrow Agent will promptly notify Buyer and Seller in writing of its action pursuant to this section. 
  
 If Escrow Agent receives written instructions signed by Buyer instructing Escrow Agent to pay the Deposit, together with the
interest earned thereon if any, to Seller or if Escrow Agent receives written instructions signed by Seller instructing Escrow Agent to pay the Deposit, together with the interest earned thereon if any, to 

  

 
Buyer, Escrow Agent shall deliver the Deposit, together with the interest earned thereon if any, in accordance with such instructions. 
  
 5. Any notice to Escrow Agent shall be sufficient only if received by Escrow
Agent at the address set forth in Paragraph 6 of the Agreement above. All mailings and notices from Escrow Agent to any other party shall be addressed to the party at the address set forth in paragraph 24 of the Agreement. 
  
 6. Escrow Agent shall have no duty to invest all or any portion of the
Deposit during any period of time Escrow Agent may hold the same prior to disbursement thereof, and any disbursements or deliveries of the Deposit required herein to be made by Escrow Agent shall be with such interest, if any, as shall have been
earned thereon. Buyer and Seller understand and agree that the Escrow Agent is under no duty of due diligence with respect to the source or disposition of any funds delivered to it hereunder and the duties of Escrow Agent are limited to safekeeping
of the Deposit and the disposition of the same in accordance with the Agreement and the Escrow Conditions, Buyer and Seller warranting and representing to each other and to Escrow Agent that Escrow Agent is acting as an accommodation party only.
Escrow Agent shall be under duty to give any funds delivered to it and/or on deposit in connection herewith other than ordinary care. 
  
 7. Escrow Agent shall be under no obligation to deliver any instrument or documents to a court or take any other legal action in connection with the
Agreement or these Escrow Conditions or towards their enforcement, or to appear in, prosecute or defend any action or legal proceeding which, in Escrow Agent’s opinion, would, could or might involve it in or cause it to incur any cost, expense,
loss or liability (including but not limited to attorneys’ fees and costs) unless, as often as Escrow Agent may require, Escrow Agent shall be furnished with security and indemnity satisfactory to it against all such costs, expenses, losses,
claims, actions, suits, proceedings, at law or in equity, or liability of any nature whatsoever, all of which costs, expenses, losses and liabilities of each and every nature whatsoever, including, without limitation, attorneys’ fees, costs and
disbursements and costs of defending any action, suit or proceeding or resisting any claim shall be reimbursed to Escrow Agent, upon demand, by Buyer and Seller in equal shares and, if payment therefor is not received by Escrow Agent, in full,
within 7 business days after demand, Escrow Agent shall be entitled to and is hereby authorized and instructed by Buyer and Seller to deduct all such sums from the Deposit and to pay such monies to itself without any liability of any nature
whatsoever to Buyer or Seller therefor and Buyer and Seller hereby, jointly and severally, indemnify and hold Escrow Agent harmless with respect to any such monies so deducted and paid. 
  
 8. Escrow Agent shall not be liable for any error or judgment or for any act done or omitted by it in good faith, or for any
mistake of fact or law, and is released and exculpated and indemnified and held harmless by Buyer and Seller, jointly and severally, from any and all liability hereunder except for Escrow Agent’s willful misconduct or gross negligence.

  

 9. Escrow Agent’s obligations hereunder shall be as a depository only, and Escrow Agent shall not be
responsible or liable in any manner whatever for the sufficiency, correctness, genuineness or validity of any notice, written instructions or other instrument furnished to it or deposited with it, or for the form of execution of any thereof, or for
the identity, authority or rights of any person executing, furnishing or depositing same. If the parties (including the Escrow Agent) shall be in disagreement about the interpretation of this Agreement and/or the provisions regarding Escrow Agent
hereunder, or about their respective rights and obligations with respect to the Deposit, or the propriety of any action contemplated or taken by the Escrow Agent and/or Buyer or Seller with respect to the Deposit, or the application or payment of
the Deposit, the Escrow Agent shall have the right to hold the Deposit until the receipt of written instructions executed by both Buyer and Seller or a final order of a court of competent jurisdiction and the expiration of applicable appeal periods
thereof without any appeal having been filed. In addition, in any such event, the Escrow Agent may, but shall not be required to, file an action or interpleader to resolve the disagreement. The Escrow Agent shall be indemnified, jointly and
severally, by Buyer and Seller for all costs and reasonable attorneys’ fees in its capacity as Escrow Agent hereunder and in connection with any such interpleader action and/or any other court proceeding arising out of, related to or in
connection with Escrow Agent’s acceptance and/or disposition of the Deposit and/or Escrow Agent’s actions and non-actions pursuant hereto and shall be fully protected, indemnified and held harmless by Buyer and Seller, jointly and
severally, in suspending all or part of Escrow Agent’s activities under this Agreement until a final judgment in such interpleader or other action is received, and the expiration of applicable appeal periods without any appeal having been
filed. 
  
 10. Escrow Agent shall not have any duties or
responsibilities except those set forth in this Agreement, and shall not incur any liability of any nature whatsoever to Buyer or Seller specifically in acting upon any signature, notice, instrument, request, waiver, consent, receipt or other paper,
instrument, notice or document believed by it to be genuine, and Escrow Agent may assume that any person purporting to give any notice or advice on behalf of any party in accordance with the provisions hereof has been duly authorized to do so. Buyer
and Seller hereby jointly and severally indemnify and agree to hold and save Escrow Agent harmless from and against any and all liability, loss, damage, cost or expense of each and every nature whatsoever, including, without limitation,
attorneys’ fees, costs and disbursements, which Escrow Agent may suffer or incur as Escrow Agent hereunder unless caused by its gross negligence or willful misconduct. 
  
 11. If any party to this Agreement makes a written demand upon Escrow Agent for payment of the Deposit, other than a notice
pursuant to Paragraph 4 or Paragraph 5 above, Escrow Agent shall give five (5) days’ written notice to the other parties of such demand and of its intention to pay over such amount to the other party on a stated date. If Escrow Agent does not
receive a written objection to the proposed payment before the proposed date for making such payment, Escrow Agent is hereby specifically authorized and directed by Buyer and Seller to make such payment and shall thereupon be released and discharged
from any duty or obligation of any nature 

  

 
whatsoever hereunder by all parties hereto and shall have no liability or obligations of any nature whatsoever to Buyer and/or Seller as a result of said
payment and shall be indemnified and held harmless by Buyer and Seller, jointly and severally, with respect thereto. If Escrow Agent receives a written objection to such payment before the proposed payment date, Escrow Agent shall continue to hold
such amount until otherwise directed by written instruction of all of the parties to this Agreement or by a final judgment of a court of competent jurisdiction and the expiration of all applicable appeal periods without any appeal having been filed.
The parties agree that the Escrow Agent shall have the right (but not the obligation) at any time, and is hereby specifically authorized by Buyer and Seller, to deposit the Deposit and any interest accrued and paid thereon with an appropriate court
or the clerk thereof, and after making such deposit for such court or clerk and giving written notice of such action to the other parties to this Agreement, Escrow Agent shall have no further obligations, liabilities or responsibilities as Escrow
Agent hereunder. 
  
 12. Buyer and Seller represent and
acknowledge that Escrow Agent is the attorney for the Seller. All of the parties acknowledge and agree that, in the event of any dispute with respect to the Deposit or otherwise in connection with this Agreement, Escrow Agent may continue to
represent Seller. 
  
 13. Escrow Agent shall be entitled to
consult with counsel of its own choice in connection with its duties, rights and obligations hereunder and Buyer and Seller warrant and agree that the Escrow Agent shall have full and complete authorization and protection against any liability of
any nature for any and all action(s) and inaction(s) which Escrow Agent takes in accordance with and in reliance upon the opinion of such counsel. The Escrow Agent shall otherwise not be liable for any mistakes of fact or errors of judgment or for
any acts or omissions of any kind or nature whatsoever unless caused by its own gross negligence or willful misconduct. Buyer and Seller jointly and severally agree to reimburse Escrow Agent within 7 business days of demand therefor for all costs
and expenses incurred by Escrow Agent in performing its duties as Escrow Agent, including, but not limited to, attorneys’ fees (either paid to retained attorneys or amounts representing the fair value of legal services rendered to itself), all
of which costs, expenses and liabilities of each and every nature whatsoever, shall be reimbursed to Escrow Agent upon demand by Buyer and Seller in equal shares and, if payment therefor is not received by Escrow Agent, in full, within 7 business
days after demand, Escrow Agent shall be entitled to and is hereby authorized by Buyer and Seller to deduct the sum thereof from the Deposit and to pay such monies to itself or others without any liability of any nature whatsoever to Buyer or Seller
therefor and Buyer and Seller hereby, jointly and severally, indemnify and hold Escrow Agent harmless with respect to any such monies so deducted and paid. 
  
 14. The terms and provisions of this Agreement shall create no right in any person, firm, entity or corporation other than the parties hereto and their
respective successors and permitted assigns, and no third party shall have the right to enforce or benefit from the terms hereof. 
  

 15. Escrow Agent has executed the Agreement solely in order to confirm that Escrow Agent will hold the
Deposit in escrow pursuant to the provisions of the Agreement and these Escrow Conditions. 
  
 16. Escrow Agent shall be entitled to reasonable compensation for its services hereunder, such compensation to be paid by Buyer and Seller in equal shares as otherwise provided herein. 
  
 17. In case any of the funds held in Escrow by the Escrow Agent shall be
attached, garnished or levied upon under any order of court, or delivery thereof shall be stayed or enjoined by any order of court, or other order or decree, made or entered by any court and affecting such funds or any portion thereof or any act of
the Escrow Agent, the Escrow Agent is hereby expressly authorized, in its sole discretion, to obey and comply with all writs, orders, judgments or decrees entered or issued, whether with or without jurisdiction and notwithstanding that the same
shall not have been authorized by Buyer and/or Seller as set forth above. If the Escrow Agent obeys and complies with any such writ, order, judgment, or decree, it shall not be liable to either of the parties hereto, their successors, assigns, or
representatives, or to any person, firm, entity or corporation, by reason of such compliance, notwithstanding that any writ, order, judgment or decree may be subsequently reversed, modified, annulled, set aside or vacated and Buyer and Seller,
jointly and severally, hereby indemnify and hold Escrow Agent harmless for any actions taken pursuant hereto. 
  
 18. This Agreement shall be governed by the laws of the Commonwealth of Massachusetts. The parties consent to jurisdiction and venue in Massachusetts in a
court selected by Escrow Agent in its sole discretion. This Agreement binds the Buyer and Seller and their successors, heirs and assigns. The remedies herein provided are cumulative and not exclusive of any remedies provided by law. To be effective,
any amendments to, revisions of, or waivers of any terms or provisions of this Agreement must be in writing and signed by the party against whom such amendments, revisions or waivers are sought to be enforced. If any provision of this Agreement is
held unenforceable by a court, the remainder of the Agreement shall remain in full force and effect. If a court holds any provision of this Agreement to be ambiguous, such ambiguity shall be resolved in favor of the Escrow Agent and, as between
Buyer and Seller, neutrally, without regard to events of authorship or negotiation. This Agreement may be executed in counterparts, each of which shall be deemed an original. 
  
 EXECUTED as an instrument under seal this          day of May, 2005. 
  

									
	 Signed, Sealed and Delivered
	 	 	 	 BUYER:

	 in the Presence of:
	 	 	 	 SEACHANGE INTERNATIONAL, INC.

					
	 By:
	 	 /s/ Claudia Ramelli
	 	 	 	By:	 	 /s/ William L. Fielder

	 Name:
	 	 Claudia Ramelli
	 	 	 	 Name:
	 	 William L. Fiedler

	 Its:
	 	 Executive Admin
	 	 	 	 Its:
	 	 Senior Vice President

  

									
	 Signed, Sealed and Delivered
	 	 	 	 SELLER:

	 in the Presence of:
	 	 	 	 LB FEBRUARY 2005

	 	 	 	 	 NAGOG PARK DRIVE LLC

					
	By:	 	 	 	 	 	 By:
	 	 /s/ Marguerite Brogan

	 Name:
	 	 	 	 	 	 Name:
	 	 Marguerite Brogan

	 Its:
	 	 	 	 	 	 Its:
	 	 Authorized Signatory

  
 The Escrow Agent is executing this
Agreement solely for the purpose of acknowledging receipt of the Deposit and acknowledging and agreeing to be bound by and receive the benefit of the provisions hereof. 
  

									
	 Signed, Sealed and Delivered
	 	 	 	 ESCROW AGENT:

	 In the Presence of:
	 	 	 	 
					
	 By:
	 	 /s/ Richard F. Realy
	 	 	 	 By:
	 	 /s/ Stanley A. Brooks, Esq.

	 Name:
	 	 Richard F. Realy
	 	 	 	 Name:
	 	 Stanley A. Brooks, Esq.

	 Its:
	 	 	 	 	 	 Its:
	 	 
					
	 Date:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00085-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00085-of-00352.parquet"}]]