Document:

IP Block License and Development Agreement

 Exhibit 4.13 

IP BLOCK LICENSE AND DEVELOPMENT AGREEMENT 
 This IP BLOCK LICENSE AND DEVELOPMENT AGREEMENT (the “Agreement”) is made and entered into this December 29, 2011 (“Effective Date”) by and between RDA Technologies, Ltd., a Hong
Kong corporation, having its principal place of business at 6/F Building 4, 690 Bibo Road, Pudong District, Shanghai, 201203 (“RDA”) and Trident Microsystems (Far East) Ltd., a Cayman Islands corporation, having its principal place of
business at Ugland House, South Church Street, Grand Cayman, Cayman Islands B.W.I. (“Trident”). RDA and Trident are sometimes referred to herein as a “party” or the “parties”. 

BACKGROUND 
  

	 	•	 	 RDA is in the business of designing and manufacturing semiconductor devices, and Trident is in the business of designing and licensing IP blocks for
use in system on a chip (SoC) semiconductor devices; 

  

	 	•	 	 Trident has created a television SoC known as the SX5 for mid range TV market. 

 

	 	•	 	 Trident desires to provide RDA a non-exclusive license, under Trident’s relevant intellectual property rights and technology (the “Licensed
Technology”), to manufacture, sell and create derivative versions of the Trident SX5 SoC product; when manufactured by or for RDA, such product shall be referred as “Licensed Product” 

 

	 	•	 	 RDA desires to license from Trident the Licensed Technology to manufacture and sell Licensed Product into TV and monitor markets and to design cost
reduced version of the Licensed Product. 

 AGREEMENT 

 

	1.	DELIVERY AND ACCEPTANCE 

  

	 	1.1	Delivery. Trident will deliver the Licensed Technology in accordance with the Schedule (as adjusted) and pursuant to the Specifications in all material respects.
Unless otherwise instructed by RDA, Trident will make all deliveries to RDA by e-mail to Vincenttai@rdamicro.com. If Trident is unable to make a delivery in such manner, Trident will obtain alternate delivery instructions from RDA.

  

	 	1.2	Acceptance. RDA will be deemed to have accepted the Deliverables upon delivery. 

 

	2.	OWNERSHIP AND LICENSE GRANT 

 2.1 Licenses to RDA. Trident hereby grants to RDA a nonexclusive, worldwide, non-transferrable royalty bearing license, with no right to sublicense, under Trident’s Intellectual
Property Rights and only for the Field of Use defined in clause 2.11 (Field of Use and Technology License) below, to: (a) use and reproduce the Licensed Technology solely for the purpose of developing Licensed Product to address television
market, (b) creating cost reduced and derivative versions of the Licensed Product, and (c) making (solely for RDA), having made (solely for RDA), importing, selling, offering to sell, and distributing Licensed Product during the term of
this Agreement. 

  
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 2.2 License to Documentation. Subject to the terms and conditions of this
Agreement, Trident grants to RDA a non-exclusive, non-transferable license to use the Documentation solely for the purpose of creating their documentation accompanying the Licensed Product. RDA may also make a reasonable number of copies of the
Documentation. 
 2.3 Open Source Release. Trident acknowledges that certain Licensed Product may operate on an
open source software platform, and, in such case, RDA would need to release certain software for Licensed Product under the respective open source licenses (the “Open Source Release”). RDA may, subject to the terms of the Open
Source Materials licensing organization, utilize all Open Source Materials provided by Trident to RDA for such Open Source Releases. RDA may not, however, allow or cause any Licensed Technology to become Open Source Materials. All open source
furnished by Trident is provided under the terms of the applicable open source licenses, not this Agreement. 
 2.4
Trident Ownership. Trident owns all right, title and interest, including all Intellectual Property Rights, in and to the Licensed Technology and Documentation. 
 2.5 No Joint Works. It is not the intent of the parties for RDA to jointly develop Intellectual Property Rights with Trident. 

2.6 Proprietary Notices. RDA must reproduce and include the copyright notice and any other proprietary rights notices that
appear on the original copy of the Licensed Technology or on any copies made thereof made by or for RDA or its Affiliates. RDA may not modify, obfuscate, deface, obscure or remove any of the proprietary rights notices in the Licensed Technology, or
in any copies made thereof. 
 2.7 Affiliates. RDA is liable for any failure of its Affiliates to abide by the
terms of this Agreement as if such failure was the act or omission of RDA. Any rights granted to an RDA Affiliate hereunder shall automatically terminate upon such Affiliate ceasing to be an Affiliate of RDA. A list of current RDA Affiliates is
listed in Exhibit F. RDA shall promptly notify Trident in writing whenever the list of RDA Affiliates change. 
 2.8
Additional Necessary Licenses. In order to lawfully make, ship and sell Licensed Product, RDA may be required to enter into a license agreement with third parties, including but not limited to the third parties specifically listed in
Exhibit B (collectively referred to as “Necessary Licenses”). RDA is responsible for verifying the applicability of, and obtaining, any Necessary Licenses in addition to the third party IP listed on Exhibit G. RDA hereby agrees to
indemnify and hold Trident and its Affiliates harmless from and against any losses, damages, penalties, or causes of action resulting from RDA’s failure to obtain such Necessary Licenses, notwithstanding any provisions of this Agreement to the
contrary. Any failure of RDA to abide by the requirements of this section 2.9 shall be considered a material breach of this Agreement. 
 2.9 Payment Obligation. The parties agree that any RDA payment obligation set forth in Exhibit D is not dependent upon actual delivery of Licensed Technology until RDA obtains all Necessary
Licenses and provides adequate evidence of the same to Trident. 
 2.10 Reservation of Rights. All rights not
expressly granted herein are reserved by Trident. There are no implied rights. 
 2.11 Field of Use Restriction and
Technology Audit. The Licensed Technology licensed to RDA under this Agreement shall only be used by RDA to engage in business with TV and monitor manufacturers. 

  
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 2.12 Additional Trident Technology Licenses. The parties agree that RDA may
request to separately license individual Trident differentiating IP, such as audio, video pipe, 2D graphics engine, video decoder and encoders and demodulators, for additional consideration beyond the scope of this Agreement. Any such additional
license fees and royalties as shall be agreed upon by the parties in a separate writing signed by both parties. 
  

	3.	FEES, PAYMENT AND TAXES 

  

	 	3.1	Fees and Royalties; Payment Terms. All fees and royalties associated with this Agreement are set forth in Exhibit D hereto. Any amounts payable by RDA
under this Agreement which are not paid when due shall bear interest payable to Trident at the rate of one and one-half percent (1.5%) per month or the highest rate permitted by applicable law, whichever is less, calculated on the unpaid
balance as of the due date. (a). The royalty payments specified in Exhibit D will become due at the end of each calendar quarter. Within 30 days after the end of each calendar quarter, RDA shall furnish to Trident a written report containing the
information specified in Section 3.2 Royalty Report below and shall pay to Trident all unpaid fees and royalties accrued to the end of the calendar quarter. In any event that the license granted under this Agreement is terminated
at any time and for any reason, then within 30 days after termination, RDA shall report and pay to Trident all amounts accrued hereunder as of the date of termination and unpaid. 

 

	 	3.2	Quarterly Royalty Report. RDA’s quarterly report shall be certified by an officer of RDA (or his or her designee) and shall contain the following
information: 

 (i) identification by model or other identifying number, quantity, ASP and brief
description of each Product upon which royalty has accrued; 
 (ii) the amount of royalties due for each Product,
and the aggregate amount of all royalties due; 
 (iii) identification by type, number, quantity, and description
of each Product Sold by or for RDA during such quarterly period and which is exempt from royalty under any provision of the Agreement , and the reason such exemption applies; and 

(iv) in the event that any of the Sections 3.2 (b)(i) through (iii) do not apply, RDA shall so state. In the event no
royalties are due, RDA’s report shall so state. 
  

	 	3.3	Payment Method. Payments by RDA will be made via automated clearinghouse (ACH) electronic payment to Trident’s financial institution pursuant to
instructions supplied to RDA. RDA shall pay all fees, royalties or any other payments in United States dollars (USD). 

  

	 	3.4	Taxes. RDA will be responsible for the payment of all export, excise, sales, use, property and other taxes based on the transactions under this Agreement
or the fees paid hereunder, including license fees and royalties, other than taxes imposed upon or measured by Trident’s net income. All payments will be made without any withholding for any taxes required by any governmental laws and RDA will
pay any additional amounts necessary if such withholding is required. 

  
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	 	3.5	Audit Right. RDA will maintain, at RDA’s principal office, true, correct and complete books and records relating to the Licensed Product as will be
sufficient to confirm RDA and its Affiliates’ compliance with this Agreement and amounts owning hereunder. Trident will have the right, upon reasonable written notice, during RDA’s normal business hours, and not more than twice every
twelve (12) months, to examine and audit the RDA’s books and records to verify such party’s compliance with this Agreement, including any reports on the amount of payments made to the other party under this Agreement. Notwithstanding
the foregoing, a subsequent audit will be limited to the period between the date of the subsequent audit notice and the last date covered by the preceding audit. The auditor will be instructed to report only as to whether there is a discrepancy and
if so, the amount of such discrepancy. If any such examination discloses a shortfall in the fees due to Trident, RDA will pay Trident for the full amount of such shortfall within 30 calendars days following the auditor’s final report, plus
interest (as calculated by Section 3.1 above). Moreover, in the event the amount of shortfall or overpayment exceeds five percent (5%) of the amount due or paid, as the case may be, during the period under review, RDA will reimburse
Trident for the reasonable cost and expenses incurred in connection with such audit. In all other events, Trident shall bear the cost of the audit. RDA shall keep records in sufficient detail to permit the determination of royalties payable
hereunder, including (i) the number of units of Products and any other devices which contain Licensed Technology which have been distributed or otherwise Sold by RDA or its affiliates; (ii) the ASP and fair market value of any Product and
any other devices which contain Licensed Technology which have been distributed or otherwise Sold by RDA or its affiliates; (iii) the amount of royalties payable to Trident; and (iv) any fees payable to RDA under this Agreement. If no
request for examination of such records and materials for a particular quarterly accounting period has been made by Trident within three years after the end of said period, the right to examine such records and materials for said period, and the
obligation to keep such records and materials for said period shall terminate. 

  

	 	3.6	Currency Conversion. If any currency conversion is required in connection with the calculation of amounts payable hereunder, the conversion will be made using
the buying exchange rate for conversion of the foreign currency into U.S. Dollars, quoted for current transactions reported in The Wall Street Journal (U.S, Western Edition) for the business day on which the respective payment is due.

  

	 	3.7	Fair Market Value. RDA shall ensure each transaction is conducted so that the ASP of any Product (or other device which contains Licensed Technology) is not
manipulated for the purpose of reducing the royalties payable to Trident under this Agreement. The invoice price of any Product (or other device which contains Licensed Technology) will be the higher of the actual invoice price and what the invoice
price of the Product (or other device which contains Licensed Technology) would have been if the Product (or other device) had been sold stand-alone to an independent customer at a fair open market value. 

 

	4.	LIMITED WARRANTIES AND PERFORMANCE COVENANT 

  

	 	4.1	Warranty. The representations and warranties given hereunder are and will be deemed to have been given by Trident at execution of this Agreement. Trident
warrants the following: 

  

	 	(i)	Trident has the corporate power and authority to enter into this Agreement and perform its obligations hereunder. Trident has obtained all necessary corporate approvals
for entering into and performing under this Agreement, and this Agreement has been duly authorized, executed and delivered by Trident and constitutes a valid and binding obligation of Trident as of the Effective Date. 

  
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	 	(ii)	There are no pending claims or actions commenced against Trident by any third party relating to the Licensed Technology. Trident will promptly alert RDA if any legal
actions or claims are commenced or decided against Trident by a third party that is reasonably expected to affect Trident’s ability to fulfill its obligations, warranties and covenants under this Agreement. 

4.2 WARRANTY EXCLUSIONS. THE ABOVE LIMITED WARRANTIES ARE EXCLUSIVE AND TRIDENT MAKES NO OTHER WARRANTIES, EXPRESS, IMPLIED
OR STATUTORY. TRIDENT SPECIFICALLY DISCLAIMS AND EXCLUDES ALL OTHER WARRANTIES, WHETHER STATUTORY, EXPRESS OR IMPLIED, INCLUDING ANY IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT UNDER THE UCC OR ARISING
FROM A COURSE OF DEALING OR USAGE OF TRADE. parties. 
  

	5.	LIMITATION OF LIABILITY 

  

	 	5.1	Type of Damages. OTHER THAN FOR RDA OR ITS AFFILIATE’S BREACH OF THE SCOPE OF ANY LICENSE OR ANY CONFIDENTIALITY OBLIGATION, IN NO EVENT SHALL EITHER PARTY
BE LIABLE TO THE OTHER FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, PUNITIVE OR TORT DAMAGES OF ANY NATURE OR KIND WHATSOEVER, INCLUDING BUT NOT LIMITED TO LOST PROFITS, IN CONNECTION WITH OR ARISING OUT OF THE USE OR LICENSING OF THE
LICENSED TECHNOLOGY, EVEN IF THE OTHER PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. THIS SECTION 5.1 SHALL NOT BE CONSTRUED TO LIMIT ANY INDEMNITY OBLIGATIONS OF EITHER PARTY TO THE EXTENT A COURT (OR OTHER LEGAL ENTITY) AWARDS A THIRD
PARTY INCIDENTAL, CONSEQUENTIAL, INDIRECT, PUNITIVE, OR EXEMPLARY DAMAGES FOR A CLAIM INDEMNIFIED HEREUNDER. 

  

	 	5.2	AMOUNT OF DAMAGES. IN NO EVENT SHALL EITHER PARTY’S AGGREGATE LIABILITY UNDER THIS AGREEMENT, EXCEED THE AGGREGATE AMOUNTS ACTUALLY PAID OR PAYABLE TO
TRIDENT HEREUNDER. 

  

	6.	CONFIDENTIALITY 

a. Agreement. All confidential or proprietary information and materials disclosed to the other party hereunder will be
disclosed in accordance with the requirements of Exhibit H. Each party agrees to maintain such confidential information in accordance with the terms of this Agreement (including Exhibit H). 

b. Residuals. The terms of confidentiality included or referenced by this Agreement will not be construed to limit a
party’s right to independently develop or acquire products without use of the other’s confidential or proprietary information and materials disclosed to hereunder. 
 c. Confidentiality of Agreement. The parties hereto will keep the terms of this Agreement confidential, but may disclose these terms: 

i. with the prior written consent of the other party; 

ii. to its accountants, auditors, counsel and advisors; 

iii. to its Affiliates; 

  
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 iv. in connection with any action, suit or proceeding concerning this
Agreement; 
 v. in response to a valid order of a court or other governmental body, or if otherwise required to
be disclosed by law; provided, however, the disclosing party will first give at least ten (10) days advanced written notice to the disclosing party so that the parties may seek an appropriate protective order; or 

vi. in confidence to legal counsel, accountants, banks, potential acquirers and financing sources and their advisors
solely in connection with complying with bona fide transactions. 
  

	7.	TERM AND TERMINATION 

 a. Term. The term of this Agreement will commence on the Effective Date and is effective for a period of ten (10) years unless earlier terminated as set forth in this Section.

 b. Termination by RDA due to Breach. RDA may suspend performance and/or terminate this Agreement immediately
upon written notice to Trident at any time if: 
 i. Trident is in material breach or default of any
representation, warranty, covenant or agreement hereunder, which breach or default is not cured within ninety (90) days of written notice from RDA; or 
 ii. A Trident warranty is materially inaccurate and Trident knew of the material inaccuracy at the time of execution of this Agreement. 

c. Termination by Trident. Trident may terminate this Agreement upon sixty (60) days written notice from Trident to
RDA if RDA is in material breach or default of this Agreement, including any representation, warranty, covenant or agreement hereunder or any obligation to pay license fees or royalties to Trident, and does not cure such default within said sixty
(60) day notice period. 
 d. Effect of Termination. 

Upon termination of this Agreement, all licenses granted hereunder to RDA and its Affiliates will terminate and be of no further force or effect, except
that, unless this Agreement is terminated by Trident due to RDA or its Affiliate’s breach of the scope of a license, breach of its confidentiality obligations or non-payment, RDA may continue to use continue and avail itself of its rights under
the applicable licenses for a period of six (6) months from the effective date of termination, to manufacture and sell RDA Products (the “Sell-Off Period”). The Sell-Off Period is conditioned upon RDA and its Affiliates’
continued compliance with the terms and conditions of this Agreement during the Sell-Off Period, including, without limitation, the timely payment of all fees and royalties. Additionally, after the Sell-Off Period RDA may provide units of RDA
Product directly and indirectly to customers as needed to comply with any warranty or support obligations. 
 Except as necessary to exercise
the rights set forth above, each party will return or destroy, at the disclosing party’s discretion, the confidential information received from the other party. Each party will furnish to the other, at such other party’s request, a written
notice certifying that any and all copies or portions thereof of the corresponding confidential information has been returned or destroyed. Each party may retain a copy of this Agreement and the other’s confidential information as necessary to
establish its rights under, and compliance with, this Agreement. 

  
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 g. Survival. Sections 3, 5, 6, 7, 8, 9 and 10 will survive termination of this
Agreement. 
 h. Other Remedies. Termination is not an exclusive remedy and all other remedies will be available
whether or not the Agreement is terminated. Neither party will be liable for damages of any kind as a result of exercising its right to terminate this Agreement according to its terms. 

 

	8.	GENERAL TERMS 

 a.
Assignment or Transfer. 
 i. Neither party may delegate, assign, transfer or attempt to delegate, assign or
transfer this Agreement or its rights or obligations under this Agreement, whether through assignment by operation of law, direct assignment, sale of substantially all assets, reorganization, merger, reverse merger or similar assignment or change of
control, without the prior written consent of the other party, and any assignment without such consent will constitute a material breach of this Agreement and have no force or effect. For purposes of this Agreement, a change of control, merger,
reverse merger or similar transaction of a party will be deemed to be a transfer of this Agreement. 
 ii. Any permitted
assignment of this Agreement will be subject to the assignee agreeing in writing to be bound by all the obligations and other terms and conditions of this Agreement. Subject to the foregoing, this Agreement will bind and inure to the benefit of the
respective parties hereto and their permitted successors and assigns. 
 b. Disputes. All disputes arising
directly under the express terms of this Agreement or relating to the termination thereof will be resolved as follows. First, the senior management of both parties will meet to attempt to resolve such disputes. If the senior management cannot
resolve the dispute by the end of the applicable cure period of Section 9, either party may begin litigation proceedings. Nothing in this Section will affect a party’s right to seek temporary or permanent injunction (or other equitable
relief) as necessary to protect its name, technology, RDAlectual property, proprietary information, trade secrets or other proprietary rights, nor will it operate to toll or extend any breach cure period. 

c. Currency. All dollar amounts specified herein are in U.S. dollars, and all payments pursuant to this Agreement will be
in U.S. dollars and are non-cancellable and non-refundable. 
 d. Notices and Contacts. All notices which will be
given by either party under the terms of this Agreement will be in writing via overnight mail by a nationally recognized courier, or sent by certified or registered mail, return receipt requested, addressed as delineated in the table below.
Furthermore, a notice will be effective on the earlier of the date it is received or, if mailed as described above, no later than seven (7) days after the date of such mailing. 

  
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 The RDA and Trident contacts for formal notices regarding this Agreement are as follows: 

 

			
	For RDA:	 	For Trident:
		
	 RDA Technology, LTD
 Attn:
Vincent Tai
	 	 Trident Microsystems (Far East) Ltd.
 Ugland House
 South Church Street
 Grand Cayman, Cayman Islands
 Fax:
                                         
       
 Attn: General Counsel

		
	With copy to:	 	 with a copy to:
  

Trident Microsystems, Inc.
 1170 Kifer Road
 Sunnyvale, CA 94086

United States of America
  

Fax:
                                        

 Attn: General Counsel

 The parties may update by written notice to the other party the above-referenced legal contacts in this Section without
requiring a written amendment to this Agreement. All notices are effective upon receipt. 
 e. Governing Law. This
Agreement will in all respects be governed by the laws of the State of California without reference to its principles of conflicts of laws. This Agreement will not be governed by the United Nations Convention of Contracts for the International Sale
of Goods, the application of which is expressly excluded. 
 f. Jurisdiction. RDA and Trident agree that all
disputes and litigation regarding this Agreement and matters connected with its performance will be subject to the exclusive jurisdiction of the courts of the State of California or of the Federal courts sitting therein. Notwithstanding the
foregoing, Trident may seek a temporary or permanent injunction or other equitable relief and file the underlying action in any appropriate jurisdiction. 
 g. Compliance with Laws. Anything contained in this Agreement to the contrary notwithstanding, the obligations of the parties hereto will be subject to all laws, present and future, of any
government having jurisdiction over the parties hereto, and to orders, regulations, directions or requests of any such government. 
 h. Entire Agreement. Both parties agree that this Agreement and all exhibits incorporated by reference herein is the complete and exclusive statement of agreement between the parties and
supersedes all proposals, oral or written, and all other communications relating to the subject matter of this Agreement and specifically including the Deal Term Sheet executed between the parties with a date of June 14, 2011. Any terms and
conditions of any purchase order or other instrument issued by RDA or Trident in connection with this Agreement inconsistent with this Agreement will be of no force or effect. 
 i. Modifications. This Agreement may be modified or amended only by a written instrument duly signed by authorized representatives of Trident and RDA. 

  
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 j. Waiver. Failure or delay in enforcing any term, provision or condition of
this Agreement by either party will not operate as a waiver and no waiver of any term, provision or condition of this Agreement will be valid unless in writing and signed by the party agreeing to such waiver. Any waiver by either party of any
condition, part, term or provision of this Agreement will not operate or be considered as a waiver of any other condition, part, term or provision of a waiver of any future event or circumstance. 

k. Severability. If any provision of this Agreement is determined by an arbitration panel or court of competent
jurisdiction to be invalid or unenforceable, then such provision will be deemed modified to the extent necessary in order to render such provision valid and enforceable; if such provision may not be so saved, it will be severed and the remainder of
this Agreement will remain in full force and effect. 
 l. Force Majeure. If any party is rendered wholly or
partially unable by a Force Majeure situation to carry out its obligations under this Agreement (with the exception of payment obligations), and if that party gives prompt notice and full particulars of such Force Majeure situation to the other
party, the notifying party will be excused from performance of its obligations hereunder during the continuance of any inability so caused, but for no longer period. Such cause will be remedied by the notifying party as far as possible with
reasonable speed and effort. In the event that the notifying party ceases to diligently attempt to remedy the Force Majeure situation and resume satisfactory performance (provided that the Force Majeure is of such a nature that the nonperforming
party can reasonably influence or remedy), the other party may at its option immediately terminate this Agreement. In the event that the Force Majeure situation prevents a party from carrying out its material obligations under this Agreement, then
provided that such party continues to make any and all payments required by it hereunder, the other party will have no right to terminate this Agreement, provided that in the event that a Force Majeure situation or a series of Force Majeure
situations extends for a cumulative total of more than forty-five (45) days, then the party whose obligations are not prevented by the Force Majeure situation(s) may terminate this Agreement. Each party agrees that if a Force Majeure situation
occurs, it will make best efforts and give highest priority to fulfill its obligations under this Agreement. 
 m.
Relationship of parties. In the event any proceeding or lawsuit is brought by a party in connection with this Agreement, the prevailing party in such proceeding will be entitled to receive its costs, expert witness fees and reasonable
attorneys’ fees, including costs and fees on appeal. The relationship between the parties is that of independent contractors. This Agreement does not constitute a partnership or joint venture between Trident and RDA. Trident is not the
representative or agent of RDA and RDA is not the representative or agent of Trident and neither will so hold itself out publicly or to any third party or incur any liability for the other. There are no third party beneficiaries to this Agreement.

 n. Export Control. Neither party will export, either directly or indirectly, any product, service or technical
data or system incorporating Licensed Technology without first obtaining any required license or other approval from the U.S. Department of Commerce or any other agency or department of the United States government. In the event any product is
exported from the United States or re-exported from a foreign destination by either party, that party will ensure that the distribution and export/re-export or import of the product is in compliance with all laws, regulations, orders, or other
restrictions of the U.S. Export Administration Regulations and the appropriate foreign government. Both parties agree that neither it nor any of its Affiliates will export/re-export any technical data, process, product, or service, directly or
indirectly, to any country for which the United States government or any agency thereof or the foreign government from where it is shipping requires an export license, or other governmental approval, without first obtaining such license or approval.

  
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 o. Descriptive Headings. Section headings are for convenience only and will
not be considered in interpreting this Agreement. 
 p. Counterparts. This Agreement may be executed in two
counterparts, each of which will be deemed an original and all of which together will constitute one and the same instrument. A copy of this Agreement bearing an original signature and delivered by facsimile transmission or by electronic mail in
portable document format (i.e., PDF) shall be deemed an original for purposes of evidencing execution of this Agreement. 
 IN WITNESS
WHEREOF, the parties hereto have executed this Agreement by their duly authorized representatives effective as of the Effective Date. 
  

			
	 RDA Technology, LTD
  

By: /s/ Vincent Tai
 Print Name: Vincent
Tai
 Title: CEO
 Date: Dec 29,
2011
	  	 Trident Microsystems (Far East) Ltd.:
  

By: /s/ Pete J. Mangan
 Print Name: Pete
Mangan
 Title: President
 Date:
12/30/11

  
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 EXHIBIT A 
 DEFINITIONS 
 “Affiliate” means a person or entity that directly,
or indirectly through one or more intermediaries, controls, or is controlled by, or is under common control with, a party hereto (with “control” meaning beneficial ownership of at least fifty percent (50%) of the voting power of the
person or entity entitled to vote in the election of directors or, in the case of an entity that is not a corporation, the election of the corresponding managing authority), but such person or entity will be deemed to be an Affiliate only so long as
such ownership or control exists. 
 “ASP” means the average sales price of a Product or other device which contains any
Licensed Technology, as the case may be, in a calendar quarter, calculated by taking the figure for the aggregate of all invoices for the distribution of the Product or other devices which contain Licensed Technology in the quarter by the entity
exercising the licenses to manufacture or have manufactured under this Agreement (notwithstanding that the distribution may be between RDA and an Affiliate of RDA or between Affiliates of RDA), less: (i) any sales, value added, import or other
tax, duty or tariff payable by law thereon; and (ii) any freight and insurance costs included in the invoiced price, and dividing it by the number of units of Product or other devices which contain Licensed Technology, as appropriate, accounted
for under the invoices. 
 “Business Day” will mean a weekday, excluding United States and Trident holidays. 

“Trident” means Trident and its Affiliates. 
 “RDA” means RDA and its Affiliates. 
 “Trident Background
Materials” means ideas, inventions, works of authorship, technology, know how, techniques, software, firmware, and verification and testing tools, and other information or material, in existence prior to the Effective Date, the rights
to which are owned, licensable or sublicensable by Trident. Trident Background Technology does not include any RDA Background Materials. 

“Documentation” means any user manuals, reference manuals, published release notes, published application and methodology notes,
the applicable specifications or product data sheets, and any other published materials provided by Trident for use with the Licensed Technology which are specified in Exhibit B. Documentation does not include written documentation provided by RDA
as part of the RDA Background Materials. 
 “Force Majeure” means acts of God, acts of public enemies or terrorists,
wars, other military conflicts, blockades, insurrections, riots, industry-wide strikes, epidemics, quarantine restrictions, unavoidable natural catastrophes, civil disturbances or restraints by or actions of any governmental body (including export
or security restrictions on information, material, personnel, equipment or otherwise). 
 “Licensed IP Block” means the
IP block(s) described in Exhibit B as Licensed IP Block(s), including as applicable, but without limitation, register transfer logic (RTL), LEF file, verilog, netlist, synthesis model (Synopsys .db, .lib files) and specifications for each IP block,
graphic data system II (GDSII) files and Documentation, as more fully described in the Specifications and the Schedule set forth in Exhibit B. 

  
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 “Licensed Product” means any products that include, use, or are made using Licensed
Technology and are designed using RDA’s own design and specifications; and manufactured by or for RDA or RDA Affiliates. Licensed Product may include, without limitation, integrated circuits, microprocessors, chipsets, and RDA processor-based
motherboard products. Licensed Product shall not include any stand-alone integrated circuit that fundamentally provides or performs improvements over the SX5 SOC functions such that the integrated circuit could be sold. 

“Licensed Software” means the software, in object code or executable form only, described in Exhibit A as Licensed Software.

 “Licensed Technology” means the Licensed IP Block, the Licensed Software, the Licensed Tools and the Documentation.

 “Licensed Tools” means software and/or hardware tools described as Licensed Tools in Exhibit B. 

“SX5 SOC” means the hardware implementation of the SX5 IC and the SW required for Chinese broadcast standard (DTMB) 

“Open Source Material” means each of: (a) software that consists of, contains, or is derived in any manner (in whole or in
part) from, any software that is distributed as free software, open source software, or pursuant to similar licensing and distribution models (e.g., GNU, Linux, etc.) (“Open Source Software”); and (b) any data (“Design
Data”) that is subject to a license agreement or other contractual obligation that requires that such Design Data and/or any data, software, or tangible item derived from, produced by, based on, or distributed with such Design Data
(“Derivative Item”), be in whole or in part: (i) disclosed, distributed or otherwise made available for inspection in a form facilitating analysis of any functional, architectural, composition, manufacturing, assembly, or testing
characteristic of such Design Data or Derivative Item, whether such analysis is intrusive or non-intrusive (e.g., requiring that a semiconductor chip be made available for inspection in an unpackaged or otherwise incomplete state);
(ii) licensed or otherwise be made available for the purpose of such Design Data or Derivative Item being modified or integrated into any other component or product; or (iii) be redistributable or otherwise conveyed on a compulsory basis
or at no or minimal charge. 
 For purposes of the definition of Open Source Material, Design Data includes, without limitation, any
description, specification, documentation or other information relating to any functional, architectural, constituent component or material, manufacturing, assembly, testing, inspection or metrology characteristic of a semiconductor component or
device, or portion of semiconductor component or device (e.g., design information expressed in Verilog, CAD layer, GDSII data, netlist, Gerber data, RTL data, verification suite, simulation model, instruction set specification, testability
specification, manufacturing process, etc.). Design Data also includes, without limitation, any microcode, firmware, programming data for reprogrammable or field-programmable cells, self-test routines, or initialization code licensed in conjunction
with a semiconductor component or device. 
 For purposes of the definition of Open Source Material, Open Source Software includes, without
limitation, software licensed or distributed pursuant to any of the following licenses or distribution models similar to: (a) GNU’s General Public License (GPL) or Lesser/Library GPL (LGPL); (b) the Artistic License (e.g., PERL);
(c) the Mozilla Public License; (d) the Netscape Public License; (e) the Sun Common Development and Distribution License (CDDL); (f) the Eclipse Public License (CDDL); (g) the BSD License; and (h) the Apache Software
License. 

  
 12 

 “RTL” means register transfer level, and is further defined in Exhibit B-1 “RTL
Deliverables” of this Agreement. 
 “Source Materials” means source code (including without limitation, RTL, LEF
file, verilog, netlist, synthesis model (Synopsys .db, .lib files) and specifications for an IP block), test suite and algorithm description of the subject program or IP block, together with all programming manuals and associated documentation.

 “Specifications” means the functionality and performance specifications for the Licensed Technology, which are
attached to this Agreement as Exhibit A, as amended from time to time. The Specifications may be amended only by the mutual written agreement of RDA and Trident. 
 “Statement of Work” or “SOW” means a written statement(s) of the services and development work to be performed under this Agreement and the deliverables to be delivered
under this Agreement (i.e., Exhibit B-1 and Exhibit B-2), that is attached to this Agreement as Exhibit B. 
 “Trade
Secrets” means confidential know how, inventions, discoveries, concepts, ideas, methods, processes, designs, formulae, technical data, source code, drawings, specifications (including logic specifications), data bases, data sheets,
customer lists, customer data and other confidential information that constitute trade secrets under applicable law, in each case excluding any rights in respect of any of the foregoing that comprise Copyrights, mask work rights or Patents.

  
 13 

 EXHIBIT B 
 Contents 
  

							
	 1
	 	Introduction	  	 	15	  
			
	 1.1
	 	Purpose & Scope	  	 	15	  
			
	 1.2
	 	High Level Feature Set/ MRD	  	 	Error! Bookmark not defined.	  
			
	 2
	 	Statement of Work	  	 	15	  
			
	 2.1.1
	 	Training	  	 	15	  
			
	 2.1.2
	 	High Level Deliverable	  	 	15	  
			
	 2.1.3
	 	HW-IP deliverables	  	 	16	  
			
	 2.1.4
	 	SX5 product deliverables	  	 	16	  
			
	 2.1.5
	 	SW deliverables	  	 	17	  
			
	 2.1.6
	 	Communication & Support	  	 	18	  
			
	 2.2
	 	Roles & Responsibilities	  	 	19	  
			
	 3
	 	Deliverables & Schedule	  	 	19	  
			
	 3.1
	 	Trident Deliverables and Milestones	  	 	19	  
		
	 Table 3-1 High Level Schedule (Work Week dates are on or about) 
	  	 	20	  
			
	 3.2
	 	Acknowledgements of Deliverables	  	 	20	  
			
	 4
	 	Communication & Support	  	 	20	  
			
	 4.1
	 	Meeting Structure	  	 	20	  
			
	 4.1.1
	 	Weekly Sync Meetings	  	 	20	  
			
	 4.1.2
	 	Onsite Meetings & Support	  	 	20	  
			
	 4.2
	 	FTP Site	  	 	20	  
			
	 5
	 	Overview of Licensed IP	  	 	21	  
			
	 5.1
	 	Licensed HW IP	  	 	21	  
			
	 5.2
	 	Licensed SW IP	  	 	21	  

  
 14 

 Introduction 
 Purpose & Scope 
 The purpose of this Statement of
Work (SOW) is to describe the deliverables required by Trident Microsystems, Inc (Trident) to successfully license the Trident SX5 China product to RDA. This document will include deliverables, engineering support requirements, schedule goals, and
project management (communications, etc.). 
 Statement of Work 

Training 

Trident shall provide up to one week of SX5 training at the start of the project. The training will occur at Trident facility in Shanghai, China, and will
cover subject matters necessary for RDA to develop a derivative of SX5. This will include training on the SX5, software and test environments. 

High Level Deliverable 
 The following lists the high level deliverables Trident will provide to RDA. 
 SOC: 

 

	 	•	 	 The RTL source code for the digital IP owned by Trident 

 

	 	•	 	 RTL source code of third party licensed IP (on receipt of proof that RDA has established the appropriate agreements with said third parties );
Alternatively, RDA can chose to license directly from third party 

  

	 	•	 	 Note that Trident has modified some licensed IP and as such functionality/performance may not be the same if RDA licenses directly from third party

  

	 	•	 	 Verification environment for simulation of SoC Simulation environment for verification of the of SoC 

 

	 	•	 	 Whole chip GDSII after on receipt of proof that RDA has acquired appropriate agreements from third party IP providers 

 

	 	•	 	 GDSII and netlist database for analog IP used in SX5 

 Software: 
  

	 	•	 	 Source code of hardware abstraction layer 

  

	 	•	 	 Source code of broadcast stack for China (DTMB) 

  

	 	•	 	 Standard DTMB SDK in combination with Trident SX5 reference board(s) 

 System: 
  

	 	•	 	 10 operational HW reference platforms 

  

	 	•	 	 Source code of schematic and Gerber files of respective boards 

 

	 	•	 	 List of board components and supplier for each of them 

  
 15 

 HW-IP deliverables 

The following deliverables are intended to enable RDA to integrate Trident’s SX5 IP in their cost reduced or derivative version of SX5. This section
describes a bulleted list of SoC deliverables from Trident. 
 Note: This delivery will comprise the following 

 

	 	•	 	 RTL source code of the IP 

  

	 	•	 	 Register spec of IP 

  

	 	•	 	 Technical Reference Manual 

  

	 	•	 	 Quick Reference Guide 

  

	 	•	 	 Top Block Diagram of IP 

  

	 	•	 	 Test bench, with a set of test vectors 

  

	 	•	 	 List/description of memories used 

  

	 	•	 	 Whole chip constraints file for STA 

 The non-Trident owned IP will be delivered after RDA has the appropriate third party agreements in place 
  

	 	•	 	 Refer to table for the list of licensed IP 

 Each non-Trident owned IP delivery will be accompanied with the following 
  

	 	•	 	 RTL source code (SX5 version) 

  

	 	•	 	 Integration guide as provided to Trident by third party 

 

	 	•	 	 Testbench as provided by
3rd party, with a set of test vectors

  

	 	•	 	 List/description of memories used 

 SX5 product deliverables 
 This section describes the Trident
deliverables that allow RDA to make SX5 as is: 
  

	 	•	 	 GDSII and netlist database of Trident owned analog IP 

 

	 	•	 	 GDSII database of SX5 (after proof that all required licenses are acquired by RDA) 

 

	 	•	 	 Simulation environment for verification of SoC 

  

	 	•	 	 Package data 

  

	 	•	 	 Datasheet and pinmap 

  

	 	•	 	 Package substrate/bonding layout 

  

	 	•	 	 Package + substrate simulation models 

  
 16 

	 	•	 	 10 operational HW reference platforms 

  

	 	•	 	 Source code of schematic and Gerber files of respective boards 

 

	 	•	 	 List of board components and supplier for each of them 

 

	 	•	 	 Documentation 

  

	 	•	 	 Validation reports 

  

	 	•	 	 Tools required for verification, etc. 

  

	 	•	 	 System / ATE tests, with 

  

	 	•	 	 test programs 

 
SW deliverables 
 The following deliverables are intended to enable RDA to integrate Trident’s SX5 IP in their cost reduced and to
enable to run TV functionality of Trident provided SA boards. 
  

	 	•	 	 SW Development Kit (SX5 DTMB SDK running on SX5) 

  

	 	–	Sample Source Code 

  

	 	•	 	 VDL Source Code (Virtual Driver Layer) 

  

	 	•	 	 DTMBApp TOE UI project 

  

	 	•	 	 DTMBApp Application Source Code 

  

	 	•	 	 Device Driver source code for all on board device (Audio DAC, Demod, HDMI Switch) 

 

	 	–	Misc Binary Only 

  

	 	•	 	 Bootloader Binary 

  

	 	•	 	 Kernel Binary 

  

	 	•	 	 Rootfs Binary 

  

	 	–	Tools Binary 

  

	 	•	 	 SX5 Compiler tool chain 

  

	 	•	 	 Flashmaster tool. 

  

	 	•	 	 TOE++ UI windows designer tool 

  

	 	•	 	 ChipDebugger Display tool 

  

	 	•	 	 MipsLoader Binary RS232Server Binary 

  

	 	•	 	 regtest/regtestfile Binary 

  

	 	–	AV MIPS source code. 

  

	 	–	SX5 SDK WorkDir. 

  
 17 

	 	•	 	 HAL Modules source code 

  

	 	–	AVAPI 

  

	 	–	Demux 

  

	 	–	DemuxSec 

  

	 	–	Display 

  

	 	–	Kernel Drivers 

  

	 	•	 	 With documentation API decription for each IPDTMB SW stack source code 

 

	 	–	DTMB Stack 

  

	 	•	 	 SI 

  

	 	•	 	 TTK 

  

	 	•	 	 Si-decoder 

  

	 	–	Utility library 

  

	 	•	 	 TridUtil 

  

	 	–	With documentation on on APIWith documentation on supported DTMB functionality 

 

	 	•	 	 Kernel and Bootloader 

  

	 	–	Linux version 2.6.18 source code 

  

	 	–	Trident bootloader source code 

  

	 	•	 	 Broadcast Audio Codecs 

  

	 	–	With documentation (Audio codec support list) 

  

	 	–	Note: these codecs run on and are optimized for MIPS CPU 

  

	 	•	 	 Broadcast Video Codecs 

  

	 	–	With documentation (Refer to Chip and Media IP Document) 

 Communication & Support 
 During the phase that
Trident deliverables are made, Trident will assign a program manager to guide all deliverables and to assure that those are made in a timely manner and in accordance with the SOW. 
 The project organization and required meeting structure will be defined once the project starts. 

  
 18 

 Roles & Responsibilities 

 

									
	 RDA Contacts

	 Function
	 	 Responsibility
	 	Name	 	 Email
	 	 Phone

	Business Development	 	Responsible for contract and business negotiations	 	Vincent Tai	 	Vincent Tai@rdamicro.com	 	
					
	Project Manager	 	Responsible for the execution of the integration.	 	TBD	 		 	
	
	 Trident Contacts

	 Function
	 	 Responsibility
	 	Name	 	 Email
	 	 Phone

	Business Development	 	Responsible for contract and business negotiations	 	Saeid Moshkelani	 	saeidm@tridentmicro.com	 	
					
	Project Lead	 	Responsible for the leading the SX5 project	 	TBD	 		 	

 Deliverables & Schedule 

Trident Deliverables and Milestones 
 Table 3-1 defines the high level schedule milestones for the SX5 project. The milestone dates may be refined as the project evolves and technical details are made available through review sessions and
document exchanges. 
  

					
	 Workweek
	  	     Milestone
	  	 Description

			
	WW52,11	  	 •    Contract Signed
	  	
			
	WW02’12	  	 •    SX5 training
	  	Up to one week
			
	WW03’12	  	 •    Trident owned IP
	  	As described in 2.1.3; RTL
			
	WW06’12	  	 •    non-Trident owned IP
	  	As described in 2.1.3; requires RDA to have licenses in place
			
	WW02’12	  	 •    Trident owned Product deliverables
	  	As described in 2.1.4
			
	WW06’12	  	 •    Non-Trident owned Product deliverables
	  	As described in 2.1.4; requires RDA to have licenses in place
			
	WW03’12	  	 •    SW deliverables
	  	
			
	Beyond WW06’12	  	 •    Support
	  	Based on time and material cost

  
 19 

 Table 3-1 High Level Schedule (Work Week dates are on or
about) 
 Acknowledgements of Deliverables 
 RDA will have two weeks to acknowledge each deliverable. 

Communication & Support 
 Meeting Structure 
 Regular meetings between RDA and Trident
are essential to the effective management of SX5 project. The details of the communication model such as how meetings will be held, who needs to be involved, and the expectations and requirements of the meetings are outlined below. 

Weekly Sync Meetings 
 RDA and Trident shall establish a weekly sync meeting throughout the duration of the delivery phase of the project. The weekly sync meeting is designed to address the status of the project and the
resolution of issues. This will include tracking, contract issues, support issues, and high level technical issue resolution. 
 
Onsite Meetings & Support 
 In some instances it may become necessary to provide on-site support at either the RDA or Trident
facilities. If this does become necessary, RDA and Trident will agree on the logistics of the on-site visits including the engineers required and the duration of on-site support required. 
 FTP Site 
 Trident shall provide RDA with a secure ftp site
for the exchange of data. 

  
 20 

 Overview of Licensed IP 

Licensed HW IP 
  

					
	 SX5 licensed HW IP

	 	  	 Providers
	  	 Type

			
	 Standard Cell
	  	TSMC	  	
			
	 DDR3 Phy and protocol controller
	  	Synopsys	  	
			
	 Host and AV CPU
	  	MIPS	  	74KF
			
	 Host L2 Cache
	  	MIPS	  	
			
	 3D Graphics engine
	  	Imagination	  	SGX531
			
	 3D GE system level cache
	  	Imagination	  	SLC
			
	 Ethernet controller
	  	Synopsys	  	
			
	 USB2 PHY and MAC (Host)
	  	Synopsys	  	
			
	 SDIO
	  	ARASAN	  	
			
	 8 bit ECC
	  	Cyclic Design	  	

 Licensed SW IP 

 

					
	 SX5 licensed SW IP

	 	  	 Providers
	  	 Type

			
	 MS10
	  	Dolby	  	Audio Decoder
			
	 SRS Tru Volume
	  	SRS Lab	  	Audio Post processing
			
	 BBE
	  	BBE	  	Audio Post processing
			
	 DRA
	  	Digital Wave	  	Audio Decoder (To be ported)
			
	 MPEG Layer 1/2/3 audio
	  	MIPS	  	Audio Decoder

  
 21 

 EXHIBIT C 
 Support: 
  

	 	1.	Trident agrees to provide upon RDA’s request, up to 400 support hours during the three month period following acceptance by RDA of the software

  
 22 

 EXHIBIT D 
 FEES, ROYALTIES AND OTHER PAYMENTS 
  

	 	2.	NRE payments: RDA will pay Trident $15.0 Million USD in two installments as follows: 

 

	 	•	 	 Installment 1—50% upon signing of the Agreement; 

 

	 	•	 	 Installment 2—50% upon receipt of written notice from Trident that Trident is prepared to deliver Licensed Technology.

  

	 	3.	Royalties Per-unit: In consideration of the licenses granted, RDA shall further pay Trident: 

 

	 	i)	a per-unit royalty of 5% of ASP on the first two million units sold, payable quarterly; and thereafter a per-unit royalty of 3% of ASP after the first two million units
sold, payable quarterly. 

  

	 	j)	RDA has the right to buy off the royalty payments at the time to signing this contract for additional $1.0 Million USD. If RDA decides to do so, this payment is due at
the same time as the first installment of the NRE payment. 

  

	 	4.	For the avoidance of doubt, the per-unit royalty in section 2 above is in addition to the one-time NRE payment amount set forth in section 1 above. The NRE payments
will be paid in two (2) installments as follows: 

  

	 	•	 	 50% 15 days from signing of the Agreement 

  

	 	•	 	 50% 30 days from receipt of written notice from Trident that Trident is prepared to deliver the Trident proprietary Licensed Technology. The parties
agree that this payment date is solely dependent upon the earlier to occur: 1) written notice from Trident or 2) actual delivery of Trident proprietary Licensed Technology and not dependent upon actual delivery of any portion of the Licensed
Technology supplied by a Third Party. Further, notwithstanding payment of either or both Installment 1 and 2, Trident shall have no obligation and shall not deliver any Third Party Licensed Technology until RDA obtains all Necessary Licenses and
provides adequate evidence of the same to Trident. 

  

	 	5.	Within thirty (30) days after the end of each RDA fiscal quarter, RDA will provide Trident with a written, quarterly report, whether or not any payments are due.
Each report will state the number of units of the Licensed Products distributed, shipped, transferred, sold, or otherwise disposed of; and will be certified by an authorized representative of RDA as being true and correct. All royalties will be
earned on the date RDA or its Affiliate ships a Licensed Product unit to a third party. 

  

	 	6.	Fee for Additional Support Hours: 

 Trident agrees to provide upon RDA’s request, up to 400 support hours during the three month period following acceptance by RDA of the software. In the event that RDA requests additional support ,
then the parties to negotiate in good faith a services agreement which shall include, among other terms, the level of support required, the duration and the associated support fees. 

  
 23 

 EXHIBIT G 
 OPEN SOURCE AND THIRD PARTY MATERIALS 
  

	 	(a)	Open Source Materials 

 [Provide
detailed listing as appropriate] 
  

	 	(b)	Third Party IP contained in the Licensed Technology 

 Required Licenses 
 Licensed HW IP 

 

					
	 SX5 licensed HW IP

	 	  	 Providers
	  	 Type

			
	 Standard Cell
	  	TSMC	  	
			
	 DDR3 Phy and protocol controller
	  	Synopsys	  	
			
	 Host and AV CPU
	  	MIPS	  	74KF
			
	 Host L2 Cache
	  	MIPS	  	
			
	 3D Graphics engine
	  	Imagination	  	SGX531
			
	 3D GE system level cache
	  	Imagination	  	SLC
			
	 Ethernet controller
	  	Synopsys	  	
			
	 USB2 PHY and MAC (Host)
	  	Synopsys	  	
			
	 SDIO
	  	ARASAN	  	
			
	 8 bit ECC
	  	Cyclic Design	  	

 Licensed SW IP 
  

					
	 SX5 licensed SW IP

	 	  	 Providers
	  	 Type

			
	 MS10
	  	Dolby	  	Audio Decoder
			
	 SRS Tru Volume
	  	SRS Lab	  	Audio Post processing
			
	 BBE
	  	BBE	  	Audio Post processing
			
	 DRA
	  	Digital Wave	  	Audio Decoder (To be ported)
			
	 MPEG Layer 1/2/3 audio
	  	MIPS	  	Audio Decoder

  
 24 

 EXHIBIT H 
 CONFIDENTIALITY 
 Each party will treat as confidential all information that is disclosed
to it by the other party pursuant to this Agreement that is conveyed (a) in written, graphic, machine readable or other tangible form and conspicuously marked “confidential” or in some other manner to indicate its confidential nature;
or (b) orally, (c) by drawings or plans; or (d) by inspection of products, materials, parts or equipment (collectively, “Confidential Information”). In all cases Confidential Information will be identified at the time of
disclosure as “confidential” and designated as confidential in a written notification or confirmation promptly after the disclosure. The receiving party agrees not to use the disclosing party’s Confidential Information for any purpose
other than as expressly permitted under the terms of this Agreement. The receiving party will not disclose the disclosing party’s Confidential Information to any third parties. Each party will only disclose Confidential Information to its
personnel and those of its Affiliates who have a legitimate need to know such Confidential Information to effect the intent of this Agreement and who are bound to retain the confidentiality under agreements which include provisions similar to this
Agreement sufficient to enable the receiving party to comply with its obligations under this Section. All Confidential Information will remain the sole property of the disclosing party and the receiving party will use the same degree of care to
avoid disclosure or use of the Confidential Information as it uses in respect of its own information of like importance, but in no case less than a reasonable degree of care. Notwithstanding the above, information will not be deemed confidential if
it (i) is or becomes generally known to the public through no unlawful act of the receiving party; (ii) was known to the receiving party at the time of disclosure, as evidenced by its records; (iii) is disclosed with the prior written
approval of the disclosing party; (iv) was independently developed by the receiving party without any use of, or reference to, the Confidential Information of the disclosing party; or (v) becomes known to the receiving party from a source
other than the disclosing party without breach of this Agreement and otherwise not in violation of the disclosing party’s rights. Nothing in this Agreement will prevent the receiving party from disclosing the other party’s Confidential
Information to the extent the receiving party is legally compelled to do so by any court or governmental investigative or judicial agency pursuant to proceedings over which such agency has jurisdiction; provided, however, that prior to any such
disclosure, the receiving party will (i) assert the confidential nature of the Confidential Information; (ii) immediately notify the disclosing party in writing of the order or request to disclose; and (iii) cooperate fully with the
disclosing party in protecting against any such disclosure and/or obtaining a protective order narrowing the scope of the compelled disclosure and protecting its confidentiality. RDA specifically agrees that the Licensed Technology, whether or not
marked “confidential”, is the confidential information of Trident. 

 Amendment to IP Block License and Development Agreement 

RDA Technologies Ltd., a Hong Kong corporation (“RDA”) and Trident Microsystems (Far East) Ltd., a Cayman Islands corporation
(“Trident”) have entered into an IP Block License and Development Agreement dated December 29, 2011 (the “Agreement”) 
 The parties wish to Amend the Agreement to restate one section of the Agreement. The Agreement is hereby amended such that Section 2.11 shall read in full as follows: 

“2.11 Field of Use Restriction and Technology Audit. The Licensed Technology licensed to RDA under this Agreement shall only be used for the
manufacture, use and distribution of televisions and monitors.” 
 Except as set forth herein the other terms of the Agreement remain in
full force and effect. 
 RDA: 

By /s/ Vincent Tai 
 Print Name Vincent
Tai 
 Its CEO 
 Date: Dec 29, 2011

 Trident: 
 By /s/ Pete J.
Mangan 
 Print Name Pete Mangan 

Its President 
 Date: 12/30/11 

 Second Amendment 

of the 

IP Block License and Development Agreement 
 RDA Technologies Ltd., a Hong Kong corporation (“RDA”) and Trident Microsystems (Far East) Ltd., a Cayman Islands Corporation (“Trident”) have entered into an IP Block License and
Development Agreement effective December 29, 2011 (the “Agreement”) as amended by an Amendment to IP Block License and Development Agreement dated December 29, 2011 (the “Amendment”). 

The effective date of this Second Amendment shall be the date that Trident receives the one-time per-unit royalty buyout payment specified in the amended
Exhibit D below. 
 With this Second Amendment, the parties wish to further amend the Agreement to reflect that RDA has elected to pay a
one-time per-unit royalty buyout payment as specified in the amended Exhibit D below rather than a continuing per-unit royalty. Upon execution of this Second Amendment and receipt of the payment, neither the reporting obligations of RDA nor the
audit rights of Trident are necessary. 
 Accordingly, the Agreement is hereby amended as follows: 

Exhibit D is hereby amended to read in full as: 
 FEES, ROYALTIES AND OTHER PAYMENTS 
  

	1.	NRE payments: RDA will pay Trident $15.0 Million USD in two installments as follows: 

 

	 	•	 	 Installment 1—50% upon signing of the Agreement; 

 

	 	•	 	 Installment 2—50% upon receipt of written notice from Trident that Trident is prepared to deliver Licensed Technology.

  

	2.	Royalties Per-unit: In consideration of the licenses granted, RDA shall further pay Trident a per-unit royalty buyout of $1.0 Million USD which payment is due upon
signing of this Second Amendment to the Agreement. 

  

	3.	For the avoidance of doubt, the per-unit royalty buyout in section 2 above is in addition to the one-time NRE payment amount set forth in section 1 above. The NRE
payments will be paid in two (2) installments as follows: 

  

	 	•	 	 50% 15 days from signing of the Agreement 

  

	 	•	 	 50% 30 days from receipt of written notice from Trident that Trident is prepared to deliver the Trident proprietary Licensed Technology. The parties
agree that this payment date is solely dependent upon the earlier to occur: 1) written notice from Trident or 2) actual delivery of Trident proprietary Licensed Technology and not dependent upon actual delivery of any portion of the Licensed
Technology supplied by a Third Party. Further, notwithstanding payment of either or both Installment 1 and 2, Trident shall have no obligation and shall not deliver any Third Party Licensed Technology until RDA obtains all Necessary Licenses and
provides adequate evidence of the same to Trident. 

  

	4.	Trident hereby irrevocably and permanently waives the royalty reporting and per-unit royalty payment obligations. 

	5.	Fee for Additional Support Hours: 

 Trident
agrees to provide upon RDA’s request, up to 400 support hours during the three month period following acceptance by RDA of the software. In the event that RDA requests additional support, then the parties to negotiate, in good faith, a services
agreement which shall include, among other terms, the level of support required, the duration and the associated support fees. 

Section 3.1 is hereby amended to read in full as: 
 3.1 Fees and Royalties; Payment Terms. All fees and royalties associated with this Agreement are set forth in Exhibit D hereto. Any amounts payable by RDA under this Agreement which are not paid when due
shall bear interest payable to Trident at the rate of one and one-half percent (1.5%) per month or the highest rate permitted by applicable law, whichever is less, calculated on the unpaid balance as of the due date. In the event that the
license granted under this Agreement is terminated at any time and for any reason, then within 30 days after termination, RDA shall report and pay to Trident all amounts accrued hereunder as of the date of termination and unpaid. 

Section 3.2 is hereby amended to read in full as: 
 3.2 Quarterly Royalty Report. Trident hereby irrevocably and permanently waives the quarterly royalty reporting obligation of RDA. 
 Section 3.5 is hereby amended to read in full as: 
 3.5 Audit Right. Trident
hereby irrevocably and permanently waives its audit rights under the Agreement. 
 Except as set forth herein the other terms of the Agreement
as amended by the Amendment remain in full force and effect. 
 RDA: 
 By: /s/ Vincent Tai 
 Printed Name: Vincent Tai, CEO 

Date: December 29, 2011 
 Trident:

 By: /s/ Pete J. Mangan 

Printed Name: Pete J. Mangan, President 
 Date:
December 30, 2011Employment Agreement

 Exhibit 10.1 
 Dated: March 13, 2012 
 EMPLOYMENT CONTRACT OF INDEFINITE
DURATION 
 BY AND BETWEEN: 
  

	 	1.	ALTISOURCE SOLUTIONS S.à r.l., a private limited liability company (société à responsabilité limitée) organised under
the laws of the Grand Duchy of Luxembourg, with registered office at 291, route d’Arlon, L-1150 Luxembourg, Grand Duchy of Luxembourg, registered with the Luxembourg Trade and Companies Register under number B. 147268 (“S.à
r.l.”) (hereinafter referred to as “the Employer”) 

 and 

 

	 	1.	 Michelle D. Esterman born on the 21st day of April 1972 in Jacksonville, Florida, U.S.A. and residing at 3512 West Barcelona Street, Tampa, FL 33629 U.S.A.
(hereinafter referred to as “the Employee”) 

 The Employee and the Employer may hereinafter collectively be
referred to as the “Parties”, each being a “Party”. 
 It has been agreed by and between the Parties as
follows: 
 Article 1 - Definitions: 
 Appointment or Employment: the employment of the Employee by the Employer on the terms of this Contract; 
 Commencement Date: the date of the Employee’s relocation to Luxembourg after receipt of the Luxembourg Work Permit and Authorization of Residence; 

Confidential Information: information (of any nature and in any format) which is not in the public domain, relating to the
business, products, affairs and finances of the Employer; 
 Contract: the present unlimited period employment contract;

  
 1 

 Incapacity: any illness or injury which prevents the Employee from carrying out her
duties; 
 Rules and Regulations: any internal rules and regulations which may be periodically prepared by the Employer
and which apply to all its employees including the Employee; 
 Article 2 – Duties and Nature of Service 

 

	(a)	The Employer shall employ the Employee as from the Commencement Date to fulfill the position of Chief Financial Officer. As such, the Employee will execute tasks and
have such responsibilities including, but not limited to, the following: 

  

	 	•	 	 Managing the Accounting, Finance and Tax functions for the Employer, its parent company and its subsidiaries (the “Company”);

  

	 	•	 	 Ensuring effective accounting policies, procedures, reporting controls, financial reporting compliance, accounting services and transaction processing;

  

	 	•	 	 Managing and maintaining all financial systems/processes and accounting practices while implementing and enforcing organizational policies; processing
financial transactions; monitoring and directing cash flow; 

  

	 	•	 	 Analyzing new and proposed accounting standards pursuant to GAAP and International Financial Reporting Standards (“IFRS”) and preparing
detailed interpretive accounting guidance for assessing the impact to the Company; 

  

	 	•	 	 Managing budget process and providing recurring updates and reports to the leadership and executive team members, including P/L forecasts and variance
analyses; 

  

	 	•	 	 Staffing and managing an efficient organization while developing and implementing processes which are necessary to provide financial support to the
Company and its employees; 

  

	 	•	 	 Providing financial analysis and pricing support to the Company; 

 

	 	•	 	 Leading the development of business plans; monitoring and reporting against the plans to ensure the Company is meeting its financial goals;

  

	 	•	 	 Coordinating the annual audit; 

  

	 	•	 	 Partnering with the senior leadership and interacting closely with the Altisource Board of Directors to develop and implement strategies across the
Company; and 

  

	 	•	 	 Such other responsibilities as deemed appropriate by the Altisource Chief Executive Officer and/or the Altisource Board of Directors.

  
 2 

 The Parties hereby acknowledge and accept that considering the nature of the Employee’s
activities it is impossible to provide a comprehensive description of the activities to be performed by her, which shall include all the tasks that are directly or indirectly necessary or useful for the performance of the concerned duties.

  

	(b)	The Employee shall serve the Employer on the terms of this Contract and accepts the aforementioned position. The Employee shall work for the Employer in this position
or in any other similar position, which the Employer may assign to her over the course of time. 

  

	(c)	The Employment will take place in such various geographical locations, including abroad, as may be reasonably designated by the Employer. The Employee consents that the
geographical location of the Employment is not a substantive clause of this Contract. The Head Office of the Employer is 291, route d’Arlon, L-1150 Luxembourg, Grand Duchy of Luxembourg. 

 

	(d)	The Employee expressly confirms that she is not bound to any other company, firm or entity by a non-competition or any other such clause which would prevent her from
signing the present Contract. 

  

	(e)	The Employee shall undertake to inform the Employer immediately in writing of any changes in her personal situation such as her address, family status or number of
children. The Employer shall treat all such information confidentially. 

  

	(f)	The Employee warrants that, upon receipt of her Luxembourg Work Permit and Authorization of Residence, she will be entitled to work in Luxembourg without any additional
approvals and will notify the Employer immediately if she ceases to be so-entitled during the Employment. 

  

	(g)	The Employee consents to undergo an obligatory medical examination within two months of commencing the Employment in order to verify her physical aptitude to fulfill
her obligations under the Employment. 

  

	(h)	The Employee shall comply with all the rules, policies and procedures set out in the internal Rules and Regulations, which shall be established over the course of time
by the Employer and a copy of which will be made available to the Employee once adopted. Such Rules and Regulations may be modified at any time and do not form part of this Contract. In the event of conflict between the terms of this Contract and
the terms of the Rules and Regulations, this Contract shall prevail. 

  
 3 

 Article 3 – Duration 

 

	(a)	The first six months of the Appointment shall be a probationary period and the Appointment may be terminated at any time during this period, with twenty-four
(24) days prior notice. During this probationary period the Employee’s performance and suitability for continued employment will be monitored. Pursuant to article L.121-5 of the Luxembourg Labour Code, this Contract cannot be terminated
unilaterally during the first two weeks of the probationary period except in the case of gross misconduct. After completion of the first two weeks’ probation, either party may terminate the Contract without cause until the end of the
probationary period in accordance with article L.121- 5. 

  

	(b)	If neither Party has given notice of termination within the probationary period, the present Contract shall be deemed to be effective as of the first day of the
probationary period and concluded for an indefinite period, subject to the terms of this Contract and the Luxembourg Labour Code. 

  

	(c)	Either Party may terminate this Contract in writing, giving the other no less than the following legal prior notice, in accordance with article L.124-1 of the
Luxembourg Labour Code: 

 In the case of the dismissal of the Employee by the Employer, the latter must respect a
minimum prior notice of: 
  

	 	•	 	 two (2) months if the term of the Employment is under five (5) years 

 

	 	•	 	 four (4) months if the term is between five (5) and ten (10) years 

 

	 	•	 	 six (6) months if the term of the Employment is over ten (10) years 

In the case of the resignation of the Employee, the following prior notice must be given: 

 

	 	•	 	 one (1) month if the term of the Employment is under five (5) years 

 

	 	•	 	 two (2) months if the term is between five (5) and ten (10) years 

 

	 	•	 	 three (3) months if the term of the Employment is over ten (10) years 

The respective prior notice will run from the fifteenth (15th) day of the month if notice was given before such a date, or from the
first (1st) day of the following month if notice was given after the fifteenth (15th) of the month. The Employer reserves the right to pay salary in lieu of notice for all or any part of the notice period. 

  
 4 

	(d)	In accordance with article L.124-7 of the Luxembourg Labour Code, if the Employee is dismissed for reasons other than the gross misconduct described in article
L.124-10, the Employer shall pay the Employee as severance: 

  

	 	•	 	 one (1) month’s gross base salary if the term of the Employment is between five (5) and ten (10) years

  

	 	•	 	 two (2) months’ gross base salary if the term of the Employment is between ten (10) and fifteen (15) years

  

	 	•	 	 three (3) months’ gross base salary if the term of the Employment is over fifteen (15) years 

 

	(e)	To the extent that Employee is terminated for reasons other than the gross misconduct described in article L.124-10 of the Luxembourg Labour Code, the Employer will pay
additional amounts to the Employee as set forth in Article 9 of this Contract pursuant to and contingent upon the execution of the Employer’s Separation Agreement. 

 

	(f)	Notwithstanding the above, the Employer may terminate the Contract with immediate effect without notice and with no liability to make any further payment to the
Employee (other than in respect of amounts accrued due and unpaid at the date of termination) if the Employee commits any act or misconduct rendering the working relationship under the Employment immediately and durably impossible to maintain, in
accordance with article L.124-10 of the Luxembourg Labour Code. 

  

	(g)	The Contract will automatically terminate by operation of the law on the date on which the Employee is declared to be medically unable to perform her duties under the
Contract by the pre-employment, or any subsequent, medical examination; on the fifty-second week of continual Incapacity over any one hundred and four week period; when the Employee reaches the legal retirement age or is attributed an old-age
pension or any other of the provisions specified under articles L.125-2 to L.125-4 of the Luxembourg Labour Code. 

 Article 4
– Remuneration 
  

	(a)	The Employee’s annual gross base salary shall be 276,000 United States Dollars (USD) or 206,448 Euros (EUR) (converted into Euros at a USD to EUR exchange rate of
0.748, the average USD to EUR exchange rate for 2011). This annual gross base salary shall be payable in twelve (12) instalments. 

  
 5 

	(b)	In accordance with article L.223-1 of the Luxembourg Labour Code, the salary shall be adapted and vary proportionally with the variations of the index of cost of living
in the Grand Duchy of Luxembourg. The above salary has been fixed in consideration of the index applicable at the date on which this employment agreement becomes effective (Salary Index at the time of the signature of the present Contract: 737.83 as
of October 1, 2011). 

  

	(c)	The Employee’s salary shall accrue from day to day and be paid in arrears twice monthly directly into the Employee’s bank account. The Employee shall inform
the Employer of all necessary details relating thereto. 

  

	(d)	The Employer hereby informs the Employee that in order to fulfill the obligations under the Contract and to pay her salary, the following information about the Employee
may be transmitted: her name, address, civil status, date of birth, any documents given during the recruiting and employment proceedings (including the curriculum vitae), the employment agreement and salary, proof of payment, all raises or
modifications of salary, the hours effectively worked, any correspondence with the employees as well as all other documents relating to the Contract (such as holiday requests or Incapacity certificates). The Employee consents to the transfer of the
above personal information within the group of companies of the Employer, including outside of the European Union, as contemplated by Article 19 Paragraph 1(a) of the Luxembourg law on Data Protection of August 2, 2002. The Employee is
permitted to access the above information and may demand the rectification of any error thereupon. 

  

	(e)	Upon satisfaction of the relevant performance criteria in accordance with Altisource’s Incentive Plan, as amended from time to time by the Employer in its sole
discretion, the Employee may be entitled to an annual discretionary bonus as per a scorecard as amended from time to time, which scorecard will be made available to the Employee on or before the Commencement Date. At the target performance level,
the Employee can anticipate earning approximately 184,000 USD in incentive compensation on an annual basis. There is no legal entitlement to the annual bonus and payment is at the sole discretion of the Employer. Any target incentive will be
prorated for the actual time that the Employee has worked for the Employer during the applicable working year. Payment of the incentive will be made in USD or EUR at the choice of the Employee. 

 

	(f)	The Employee will be eligible for certain Relocation and Expatriate Benefits while employed in Luxembourg in accordance with the Altisource Portfolio Solutions
Relocation Plan provided to the Employee by the Employer. 

  
 6 

	(g)	It is expressly agreed that any bonus, premium or any other fringe benefits not arising from any legal or contractual provision or regulation, granted to the Employee,
shall be deemed to be a gift, whatever their frequency and their amount and may therefore not be considered as vested rights to the benefit of the Employee. 

 

	(h)	The salary and other benefits of the Employee shall be payable after deduction of all compulsory contributions to the social security system (if applicable) in
existence in Luxembourg and after deduction of the retentions at source of income tax (if applicable) and, should the case arise, any other charges imposed by Luxembourg Law. 

 Article 5 – Working Hours and Holidays 
  

	(a)	The working hours shall be fixed in accordance with the applicable legal provisions in the Grand-Duchy of Luxembourg and the Employee’s salary is based on a
minimum average of forty (40) working hours per week and eight (8) hours per day scheduled in principle from Monday to Friday. The Employee hereby acknowledges that general working hours or overtime statutory provisions are not applicable
to her position as a higher level employee (“cadre”) in the meaning of article L.211-3 of the Luxembourg Labour Code, and in accordance with article L.211-27 (4) of the Luxembourg Labour Code. Working hours may thus vary
according to the Employer’s requirements. 

  

	(b)	The Employee shall have the right to twenty-five (25) days of paid annual leave, in addition to the Luxembourg public holidays, notwithstanding article L.233-4 of
the Luxembourg Labour Code’s provisions. 

  

	(c)	The Employee will respect a reasonable delay between requesting leave from the Employer and taking it, in order to not perturb the functioning of the Company in
accordance with article L.233-10 of the Luxembourg Labour Code. The Employer shall respect the Employee’s request to the extent that the request does not perturb the functioning of the Company or conflict with other employees’ leave.

  

	(d)	The Employee shall take, and the Employer shall allow the Employee to take, her accumulated leave in full before the end of each calendar year, in accordance with
articles L.233-9 and L.233-10 of the Luxembourg Labour Code. 

  

	(e)	 In the event that business reasons prevent the Employee from taking all her annual leave entitlement during the calendar year, she may transfer the
remaining leave entitlement to the next calendar year, in which case they shall expire on the 31st of March, unless prevented again by business reasons. 

  
 7 

 Article 6 – Incapacity 

 

	(a)	The Employee who is incapable of working for any reason of illness or accident shall notify the Employer or her representative as soon as possible on the first day of
Incapacity, either personally or by way of an intermediary. Such notification may be made orally or in writing. 

  

	(b)	The Employee is required to provide the Employer with a medical certificate in which the beginning and the expected duration of disability is stated at the latest on
the third day of her absence. The Employer reserves the right to request a medical counter examination. 

  

	(c)	Subject to the Employee’s compliance with the provisions of the Luxembourg Labour Code, she shall, in principle, continue to receive her full salary and
contractual benefits (if any) from the Employer during the initial sickness period provided by article L.121-6 of the Luxembourg Labour Code. 

 Article 7 – Confidential Information / Employer properties 
  

	(a)	The Employee shall treat as confidential all information concerning the activities of the Employer, and she shall not disclose to third parties, or to other employees,
any information of which she may have been made aware during the present Contract, notwithstanding that which is reasonably necessary to permit normal performance of their respective duties by the parties concerned. 

 

	(b)	The Employee undertakes both during this employment with the Employer and at any time after the termination thereof not to perform or participate in any act of unfair
competition. 

  

	(c)	Any breach of this obligation occurring while the Contract is in place, shall constitute a serious fault rendering immediately and definitively any further relationship
between the Employer and the Employee impossible and justifying the immediate dismissal of the Employee without any notice or indemnity and without prejudice to any further proceedings or claims which may be exercised by the Employer.

  
 8 

	(d)	All notes, reports, listings, files, documents, and contacts howsoever related to the Employer are and shall remain the exclusive property of the Employer and shall be
created, processed, and stored by the Employee in a confidential manner exclusively on behalf of the Employer. 

  

	(e)	When the present Contract shall come to an end, the Employee must return to the Employer all documents as well as copies of such documents which may be in the
possession of or under the control of the Employee, and the Employee undertakes to do everything to assist the Employer to recover all documents which may be beyond the control of the Employee. 

Article 8 – Non solicitation 
  

	(a)	Throughout the duration of this Contract, the Employee will work exclusively for the Employer and will not take up any other occupation competitive or engage in any act
which is directly or indirectly competitive with the business of the Company or any of its affiliated companies and to its detriment. 

  

	(b)	The Employee shall not have any direct or indirect interest in any other business or organisation if that business or organisation competes or might reasonably be
considered by the Employer to compete with the Company or any of its affiliated companies or if this impairs or might reasonably be considered to impair the Employee’s ability to act in the best interests of the Company or any of its affiliated
companies. 

 Article 9 – Non-competition 

 

	(a)	During a twelve (12) month period following the date upon which her service under this Contract terminates or expires, the Employee hereby undertakes that she will
not run within the Grand Duchy of Luxembourg or in the United States of America a personal business similar or in competition with the business of the Employer nor enter into an employment contract with a business similar or in competition with the
business of the Employer. In that regard, the Employee shall not directly or indirectly on her own behalf, or in the service of or on behalf of others, engage in, provide any executive, managerial, supervisory, sales, marketing, research, or
customer-related services to, or own (other than ownership of less than one percent (1%) of the outstanding voting securities of any entity the voting securities of which are traded on a national securities exchange) a beneficial or legal
interest in, any business (other than the Company) which (i) concerns the business of the Company or any affiliate thereof or (ii) is competitive or likely to be competitive with the business of the Company or any affiliate thereof.

  
 9 

	(b)	The Employee agrees that she will disclose the existence of her obligations pursuant to Article 9 of this Contract to any potential employer prior to accepting
employment. 

  

	(c)	In consideration of the above-mentioned obligations, and in addition to any amounts owed pursuant to articles L.124-1 and L.124-7 of the Luxembourg Labour Code (as set
forth in article 3(c) and 3(d) herein), the Employer will pay to the Employee four (4) months of her gross base salary. 

 The Employer will pay the Employee these additional severance amounts subject to the Employee’s execution of the Employer’s Separation Agreement. 

 

	(d)	The Employer may waive the obligations set forth in Articles 9(a) and 9(b) unilaterally on condition that it informs the Employee within two weeks from notification of
the termination of the Contract by either party. If the Employer waives these obligations and provides the required notification, the Employer will be relieved from the payment obligations set forth in Article 9(c). 

 

	(e)	Throughout and after the duration of this Contract, the Employee will not, directly or indirectly, solicit or hire or assist any other person or entity in soliciting or
hiring any employee of the Company or any of its affiliated companies to perform services for any entity (other than the Company or any other affiliated companies), or attempt to induce any such employee to leave the Company or any of its affiliated
companies. 

  

	(f)	Throughout and after the duration of this Contract, the Employee will not, directly or indirectly, solicit or hire or assist any other person or entity in soliciting or
hiring any client of the Company or any of its affiliated companies, or attempt to induce any such client to leave the Company or any of its affiliated companies. 

 

	(g)	Any breach of these obligations shall constitute a serious fault and might give raise to one or several claims or proceedings to be exercised by the Employer before the
courts and authorities concerned. 

  

	(h)	The Employee expressly agrees that the provisions of Section 9 of the Contract may be enforced against her in any court or competent jurisdiction in the United
States. 

  

	(i)	 In the event that this article is determined by a court which has jurisdiction to be

  
 10 

	 	
unenforceable in part or in whole, the court shall be deemed to have the authority to revise any provision of this Contract to the minimum extent necessary to be enforceable to the maximum extent
permitted by law. 

 Article 10 – Intellectual property 

 

	(a)	Any inventions, devices or concepts, as well as any result of research, any original creation or program, related to the field of activity of the Employer and made or
developed by the Employee during her employment and for a period of one (1) year after termination of such relationship for whatsoever reason, belongs to the exclusive legal and beneficial ownership of the Employer, in accordance with the
relevant provisions of patent and copyright laws applicable in Luxembourg. 

  

	(b)	The Employee hereby grants, assigns and conveys to the Employer all right, title, and interest in and to all inventions, devices or concepts, as well as any result of
research, any original creation or program, and all other materials (as well as the copyrights, patents, trade secrets, and similar rights attendant hereto) conceived, reduced to practice, authored, developed or delivered by the Employee either
solely or jointly with others, during and in connection with the performance of services under the Contract with the Employer. 

  

	(c)	The Employee shall have no right to disclose or use any such inventions, devices or concepts, as well as any result of research, any original creation or program, and
all other materials for any purpose whatsoever and shall not communicate to any third party the nature of or details relating to such inventions, devices or concepts, as well as any result of research, any original creation or program, and all other
materials. 

  

	(d)	The Employee agrees that she will comply with all obligations set forth in the Employee Intellectual Property Agreement provided by the Employer and incorporated herein
by this reference. 

 Article 11 – Use of information technologies 

The Employee undertakes not to use the Internet with the Employer’s hardware if such activity does not comply with applicable law and public order,
and if it adversely affects the Employer’s interests. 

  
 11 

 Article 12 – Data protection 

 

	(a)	The Luxembourg law of 2 August 2002, implemented in articles L.261-1 and L.261-2 of the Luxembourg Labour code, defines how the Employees’ personal data may
be used for normal administrative purposes resulting out of the Employees’ employment with the Employer. By signing this Contract, the Employee expressly agrees to her data being used for this purpose. 

 

	(b)	The Employees’ data will be held for as long as legally required and held confidentially. 

 

	(c)	This data is retained as long as the obligations and duties deriving from them are not prescribed. The Employee may at any time request the Employer to provide her with
her personal data or require the correction of the data in case of justified grievances. 

 Article 13 – Miscellaneous

  

	(a)	All notices and other communications provided for hereunder shall be in English and in writing, delivered by hand or by registered or certified mail (return receipt
requested) and delivered or addressed to the addressee at its address below (or any other address it may subsequently notify in writing to the other Party): 

 If to the Employer, to: 
 Address: 291, route d’Arlon, L-1150
Luxembourg, Grand Duchy of Luxembourg (or any other address that becomes corporate headquarters and published in the Luxembourg Gazette (“Mémorial”), with an electronic copy to kevin.wilcox@altisource.lu) 

Attention:      Kevin J. Wilcox 
 If to the Employee, to: 

Address:        In Luxembourg, address to be established 

Attention:      Michelle D. Esterman 

The date on which a notice shall be deemed validly given shall be the date of its receipt by the addressee, i.e. the date appearing on the
acknowledgment or refusal of receipt or the addressee’s countersignature. 
  

	(b)	No amendment or waiver of any provision of this Contract, nor consent to or departure by either Party therefrom, nor any subsidiary agreement relating to the subject
matter of this Contract, shall in any event be valid unless it is in writing and signed by or on behalf of both Parties. 

  
 12 

	(c)	The possible nullity or non-applicability of one or more provisions of the present Contract shall not result in the nullification of the entire Contract.

 Article 14 – Governing Law and Jurisdiction 
 Except for breaches of the provisions of Article 9 herein, the present Contract shall be governed, interpreted and performed by and in accordance with the law in force in the Grand- Duchy of Luxembourg.
Except for breaches of the provisions of Article 9 herein, each Party expressly agrees to submit to the exclusive jurisdiction of the Courts of Luxembourg over any claim or matter arising under or in connection with this Contract. 

Article 15 – Contractual Interpretation 
 If any provision of this Contract is held to be unenforceable, then this Contract will be deemed amended to the extent necessary to render the otherwise unenforceable provision, and the rest of the
Contract, valid and enforceable. If a court declines to amend this Contract as provided herein, the invalidity or unenforceability of any provision of this Contract shall not affect the validity or enforceability of the remaining provisions, which
shall be enforced as if the offending provision had not been included in this Contract. 
 In witness whereof the present
Contract has been signed in triplicate on the 13th day of
March 2012 and each of the Parties acknowledges having received one original version (with the 3rd original version to be provided to the Luxembourg Ministry of Foreign Affairs.) 
 The Employer

 Altisource Solutions S.à r.l. 
  

	
	 /s/ Kevin J. Wilcox

	 By: Kevin J. Wilcox

 Title: Manager 

The Employee 
  

	
	 /s/ Michelle D. Esterman

	 By: Michelle D. Esterman

  
 13

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