Document:

EX-10.3

 Exhibit 10.3 

[CERTAIN IDENTIFIED INFORMATION, MARKED BY [***], HAS BEEN OMITTED FROM THE EXHIBIT BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) THE
TYPE THAT THE REGISTRANT TREATS AS PRIVATE OR CONFIDENTIAL.] 
 CROSS BUSINESS LICENSE AGREEMENT 

BETWEEN 
 XPERI INC.

 AND 
 ADEIA
INC. 
 ADEIA MEDIA LLC 

ADEIA MEDIA HOLDINGS LLC 

EFFECTIVE AS OF OCTOBER 1, 2022 

 SCHEDULES 
  

			
	SCHEDULE 1	  	Additional License Terms
		
	SCHEDULE 1-A	  	Inventor Support
		
	SCHEDULE 1-B	  	Patent Pick Right
		
	SCHEDULE 2	  	Litigation Support
		
	SCHEDULE 3	  	[***]
		
	SCHEDULE 4	  	Advertising
		
	SCHEDULE 5	  	Metadata
		
	SCHEDULE 6	  	Personalized Content Discovery
		
	SCHEDULE 7	  	TV Viewership Data

  
 1 

 CROSS BUSINESS LICENSE AGREEMENT 

This CROSS BUSINESS LICENSE AGREEMENT (this “Agreement”) is effective as of October 1, 2022 (the “Effective
Date”), by and between Xperi Inc. (f/k/a TiVo Product HoldCo Corporation), a corporation organized under the laws of Delaware, whose principal place of business is located at 2160 Gold Street, San Jose, CA 95002
(“ProductCo”) on behalf of itself and its Affiliates, Adeia Inc. (f/k/a Xperi Holding Corporation), a corporation organized under the laws of Delaware (“Adeia”) on behalf of itself and its Affiliates, Adeia Media
LLC (f/k/a Rovi LLC), a limited liability company organized under the laws of Delaware (“Adeia Media”) on behalf of itself and its Affiliates, and Adeia Media Holdings LLC (f/k/a TiVo LLC), a limited liability company organized
under the laws of Delaware (“Adeia Media Holdings”) on behalf of itself and its Affiliates, each of whose principal place of business is located at 3025 Orchard Parkway, San Jose, CA 95134 (Adeia, Adeia Media and Adeia Media
Holdings collectively, “IPCo”). Each of ProductCo, Adeia, Adeia Media and Adeia Media Holdings may be individually referred to herein as a “Party” and collectively as the “Parties”. 

WHEREAS, the Parties have entered into that Separation and Distribution Agreement pursuant to which the ProductCo Entities separated from
Adeia (the “Separation” and such agreement, the “Separation Agreement”), 
 WHEREAS, in connection with
the Separation, the IPCo Entities retained all rights to certain patents owned by Adeia and its Subsidiaries and other valuable assets of Adeia and its Subsidiaries, 

WHEREAS, the IPCo Entities desire to license such patents and other patents to the ProductCo Entities to allow the ProductCo Entities to
continue Adeia’s and its Subsidiaries’ existing product business after the Separation, 
 WHEREAS, the ProductCo Entities desire
to obtain such license in accordance with the terms and conditions of this Agreement; and 
 WHEREAS, all of the rights, licenses,
immunities, covenants, representations warranties granted under this Agreement by the IPCo Entities and the financial provisions related thereto are being provided to the ProductCo Entities in the context of (a) the broader Separation and
consideration between the IPCo Entities and the ProductCo Entities, including the rights and the value of the assets retained by the IPCo Entities under the Separation Agreement, and (b) the unique services that the ProductCo Entities agree to
provide to the IPCo Entities under this Agreement, including the Inventor Support and Litigation Support (collectively, the “Specified Conditions”). 

  
 1 

 NOW, THEREFORE, in consideration of the rights, licenses, immunities, covenants,
representations, and warranties set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties, intending to be legally bound, hereby agree as follows: 

 

	1.	 DEFINITIONS AND REFERENCES 

1.1 Definitions. In addition to the capitalized terms defined throughout this Agreement the following terms when used herein, have the
respective meanings assigned to them below: 
 “Acquired Patents” means Patents acquired by any IPCo Entity from a third
party pursuant to a Patent purchase or the acquisition of a Person, at any time between the Effective Date and the end of the Term, where the transaction or series of related transactions under which such Patents are acquired is for less than [***]
(a) which are owned by any IPCo Entity; or (b) under which any IPCo Entity has or obtains, at any time between the Effective Date and the end of the Term, the contractual right to grant licenses or sublicenses to third parties, but in each of
case (a) and (b), only to the extent that such rights are available for license or sublicense by any IPCo Entity to the ProductCo Entities within the scope set forth in this Agreement. For the avoidance of doubt, the definition of Acquired
Patents does not include any claim of any Patent in which any IPCo Entity acquires rights after the Effective Date if a grant of a license or the exercise of rights thereunder would result in (i) the payment of fees, royalties or other
consideration by any IPCo Entity to a third party (other than payments between or among the IPCo Entities or except when a ProductCo Entity is willing to pay the applicable fees, royalties or other consideration to such third party), or
(ii) the loss of such rights in such acquired Patent by any IPCo Entity. 
 “Action” means any demand, action, claim,
cause of action, suit, countersuit, arbitration, inquiry, case, litigation, subpoena, proceeding or investigation (whether civil, criminal or administrative) by or before any court or grand jury, any Governmental Entity or any arbitration or
mediation tribunal or authority. 
 “Advertising” means the ProductCo Entities’ data and advertising products as
further described in Schedule 4. 
 “Affiliate” means, with respect to any Person, any other Person who, as of the
relevant time for which the determination of affiliation is being made, directly or indirectly Controls, is Controlled by, or is under common Control with, such Person, but such Person shall be an “Affiliate” only for so long as such
control exists. Notwithstanding anything in this Agreement to the contrary, (a) with respect to Adeia Media, Affiliates shall be limited to Subsidiaries of Adeia Media, (b) with respect to Adeia Media Holdings, Affiliates shall be limited
to Subsidiaries of Adeia Media Holdings other than Adeia Media and its Subsidiaries, and (c) with respect to Adeia, Adeia Media and its Affiliates and Adeia Media Holdings and its Affiliates shall at no time be considered Affiliates of Adeia.

 “Agreement Year” shall mean a period of twelve (12) months commencing on October 1 and ending on
September 30 during the Term. 
 [***] 

“Applicable Law” means, with respect to any Person, any transnational, domestic or foreign federal, state, or local law
(statutory, common, or otherwise), constitution, treaty, convention, ordinance, code, rule, regulation, order, injunction, judgment, decree, ruling or other similar requirement enacted, adopted, promulgated, or applied by a Governmental Authority
that is binding upon or applicable to such Person, as amended unless expressly specified otherwise. 

  
 2 

 “Business Day” means a day, other than Saturday, Sunday, or other day on
which commercial banks in California are authorized or required by Applicable Law to close. 
 [***] 

“Change of Control” means, with respect to any Party, (a) any consolidation, merger or other capital reorganization or
business combination of such Party with or into any other corporation, limited liability company or other entity other than the Existing Holders, (b) the sale, transfer, or assignment of securities of such Party representing a majority of the
voting power of all of such Party’s outstanding voting securities to a third-party acquiring party or group other than the Existing Holders, (c) any Acquirer (as defined in Section 12.5), other than the Existing Holders, obtaining the
majority of the power, directly or indirectly, to direct or cause the direction of the management and policies of such Party, or (d) the consummation of a transaction, or series of related transactions, in which any “person” (as such
term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) other than the Existing Holders becomes the “beneficial owner” (as defined in Rule
13d-3 of the Exchange Act), directly or indirectly, of a majority of the Party’s then outstanding voting securities. For the avoidance of doubt, under no circumstances shall any internal reorganization of
a Party or any separation, spin-out, initial public offering or other change in ownership of a Party or its Affiliates that does not involve a bona fide, unaffiliated, third-party acquirer constitute a
Change of Control that would in any way limit (a) any of the rights, licenses, covenants-not-to-sue, indemnity, or other
immunities granted to a Party and its Affiliates under this Agreement, or (b) any of the obligations of the other Party or its Affiliates under this Agreement. 

[***] 
 “Component
Technologies” means any components, modules, or portions of a video entertainment platform (other than an IPG) that are provided or performed by or on behalf of a ProductCo Entity, but not as part of or bundled with a comprehensive video
entertainment platform. The Parties acknowledge and agree that the ProductCo Entities’ following technology offerings, as they exist on the Effective Date and new versions thereof that are the natural growth and evolution of such products (so
long as such new versions continue to meet the definition of Component Technologies), constitute Component Technologies under this Agreement: Personalized Content Discovery, Metadata, TV Viewership Data, and Advertising. 

“Confidential Information” means any and all non-public, confidential and/or
proprietary information of a Party or its Affiliates disclosed by the disclosing Party or its representatives to the receiving Party or its representatives, whether orally, in writing or otherwise. Without limiting the generality of the foregoing,
Confidential Information may include, the terms and provisions of this Agreement and all business, technical (e.g., information that relates to or concerns Patents, trade secrets, research, experimental work, product plans, products, developments, know-how, inventions, processes, design details, engineering, technology, software (including source and object code), algorithms) and financial information used, obtained or maintained by such Party or its
Affiliates which provides such Party or its Affiliates an advantage over competitors who do not know or use it and derives to such Party economic value (actual or potential) from not being generally known to the public or to other entities who can
obtain economic or other value from its disclosure and use. 

  
 3 

 “Control” means, when used with respect to any Person, (a) the direct
or indirect ownership or control (whether by contract or otherwise) of more than fifty percent (50%) of the stock or shares entitled to vote for the election of directors or similar managing authority, or to direct the vote in such elections, or
(b) otherwise having the power (whether by contract or otherwise) to direct management policies, and the terms “Controlling” and “Controlled” have correlative meanings. 

“Developed Patents” means Patents owned by any IPCo Entity based on inventions developed by or for such IPCo Entity and any
Patents that issue therefrom at any time between the Effective Date and the end of the Term. 
 “Exchange Act” has the
meaning given to such term in the definition of Change of Control. 
 [***] 

[***] 
 “Excluded
Products” means [***]. 
 [***] 

“Existing Holders” means, with respect to a Party undergoing a transaction described in the definition of Change of Control,
the equity holders (or Affiliates thereof) holding, directly or indirectly, more than fifty percent (50%) of the voting interest of such Party immediately prior to such transaction. 

“Governmental Authority” means any nation or government, any state, municipality or other political subdivision thereof and
any entity, body, agency, commission, department, board, bureau or court, whether domestic, foreign, multinational or supranational exercising executive, legislative, judicial, regulatory, self-regulatory or administrative functions of or pertaining
to government and any executive official thereof. 
 [***] 

[***] 
 [***] 

[***] 
 [***] 

“Inventor Support” means the inventor support set forth on Schedule 1-A. 

“IPCo Entities” means each of Adeia, Adeia Media, Adeia Media Holdings and their Affiliates. 

[***] 

  
 4 

 “IPG” means any electronic or interactive program guide by which an end-user can (a) access program information (text, graphics, video or any combination thereof) for video programming and other related services, whether scheduled, delivered on demand or time-delayed (e.g.,
broadcast, cable, satellite, OTT, PPV, NVOD, SVOD, VOD, DVR), (b) navigate interactively through such program information, and/or (c) access such video programming and other related services through such program information. 

[***] 
 “License
Fees” means [***]. 
 “Licensed Patents” means the Separation Patents, the Developed Patents, and the Acquired
Patents. For clarity, (a) the rights, licenses, covenants-not-to-sue, indemnity and other immunities granted under this
Agreement with respect to Licensed Patents owned by Adeia Media and its Affiliates are being granted by Adeia Media, on behalf of itself and its Affiliates (and not by Adeia or Adeia Media Holdings), (b) the rights, licenses, covenants-not-to-sue, indemnity and other immunities granted under this Agreement with respect to Licensed Patents owned by Adeia Media
Holdings and its Affiliates are being granted by Adeia Media Holdings, on behalf of itself and its Affiliates (and not by Adeia or Adeia Media), and (c) the rights, licenses, covenants-not-to-sue, indemnity and other immunities granted under this Agreement with respect to Licensed Patents owned by Adeia and its Affiliates are being granted by Adeia, on behalf of itself and
its Affiliates (and not by Adeia Media or Adeia Media Holdings). 
 “Licensed Products” means the Non-Media Licensed Products and Media Licensed Products. 
 “Limited Acquisition” means a
ProductCo Entity’s acquisition of a line of business from a Person that is not an Excluded Customer or of a Person that is not an Excluded Customer and that becomes under ProductCo’s Control after the acquisition, where the acquisition has
an aggregate fair market value of less than [***]. 
 “Linear Fixed Schedule Programming” means video programming that is
provided to multiple end-users at a prescheduled time as part of a channel. 
 “Litigation
Support” means the litigation support set forth on Schedule 2. 
 “Media Field” means the field of video or
other digital media consumption or delivery in any medium now known or hereafter invented, including, without limitation, multi-channel video programming, Linear Fixed Schedule Programming, OTT internet streaming services and content, IPGs, digital
video recorders, and video on demand. 
 “Media Licensed Products” means
(a) Pay-TV Products, (b) Non-Pay-TV Media Products, and (c) products and services acquired by ProductCo pursuant
to a Limited Acquisition, solely with respect to the period from and after the closing of such Limited Acquisition, so long as such products and services meet the definition of
Non-Pay-TV Media Products or Pay-TV Products. “Media Licensed Products” shall explicitly exclude Component Technologies
and Third-Party Applications. 

  
 5 

 “Metadata” means the ProductCo Entities’ metadata products as further
described in Schedule 5. 
 [***] 

“Multichannel Video Programming Distributor” or “MVPD” means any telco, cable operator, multichannel
multipoint distribution service, direct broadcast satellite service, television receive-only satellite program distributor, or other distributor of video programming, in each case who makes available for purchase, by subscribers or customers,
multiple channels of Linear Fixed Schedule Programming provided by multiple unaffiliated third-party content providers. 
 “Newly
Owned” means any issued Patent that a Party has owned for less than six (6) months. 

“Non-Media Licensed Products” means any products or services that are provided or
performed by or on behalf of a ProductCo Entity exclusively under a ProductCo Entity-owned or controlled brand, which products and services are not specifically for use in the Media Field. For the avoidance of doubt,
“Non-Media Licensed Products” expressly excludes (a) Media Licensed Products, (b) any portion of any product or service that displays program information for or provides access to a Pay-TV Service, (c) any Pay-TV Service, and (d) any Third-Party Application. The Parties acknowledge and agree that the products and services made, have made, sold,
offered for sale, leased, offered for lease, imported, exported, licensed, or otherwise Transferred directly or indirectly by FotoNation Limited, Perceive Corporation, and/or DTS, Inc. and/or any of their respective Subsidiaries as they existed as
of or prior to the Effective Date and new versions thereof that are the natural growth and evolution of such products (so long as such new versions continue to meet the definition of Non-Media Licensed
Products), constitute Non-Media Licensed Products; provided that Non-Media Licensed Products are not limited to the foregoing products. 

“Non-Pay-TV Media Product” means [***]. The
Parties acknowledge and agree that (A) any products or services of the ProductCo Entities specifically for use in the Media Field (that are not Pay-TV Products) that are commercially deployed or for which
significant steps have been taken toward development or commercialization as of the Effective Date and new versions thereof that are the natural growth and evolution of such products (so long as such new versions continue to meet the definition of Non-Pay-TV Media Products), and (B) the following video entertainment platforms as they exist on the Effective Date and new versions thereof that are the natural growth
and evolution of such platforms (so long as such new versions continue to meet the definition of Non-Pay-TV Media Products), constitute “Non-Pay-TV Media Products”: “TiVo Stream 4K,” “TiVo Stream App,” “TiVo OS,” “TiVo Edge for Antenna,” “TiVo Mini Lux,” and direct-to-consumer DVR devices; provided that Non-Pay-TV Media Products are not limited to the
foregoing products. 
 “Patents” means any United States, international or foreign classes or types of patents, utility
models, design patents, applications (including provisional applications), certificates of invention, reissues, divisionals, continuations, continuations-in-part,
extensions, renewals, reexaminations, and foreign counterparts thereof. 

  
 6 

 “Pay-TV Product” means [***]. “Pay-TV Product” expressly excludes any Third-Party Applications. The Parties acknowledge and agree that the ProductCo Entities’ following video entertainment software platforms, as they exist on the
Effective Date and new versions thereof that are the natural growth and evolution of such products (so long as such new versions continue to meet the definition of Pay-TV Products), constitute “Pay-TV Products”: “iGuide,” “Passport,” “DTA Guide,” “TiVo Experience 4,” and “MobiTV”; provided that the Pay-TV
Products are not limited to the foregoing products. 
 “Pay-TV Provider” means a
provider of Pay-TV Services. 
 “Pay-TV Provider
Subscriber” means any Person or location that is intentionally authorized by a Pay-TV Provider to receive one or more Pay-TV Services, whether single-family
residential, commercial (including bars, restaurants, offices and retail stores) or a multiple-dwelling unit (including hotels, motels and hospitals) through a Pay-TV Product [***]. 

[***] 
 [***] 

[***] 
 [***] 

[***] 
 “Pay-TV Service” means [***]. 
 [***] 

[***] 
 [***] 

[***] 
 [***] 

[***] 
 [***] 

“Person” means an individual, corporation, partnership, limited liability company, association, trust or other entity or
organization, including a Governmental Authority. 
 “Personalized Content Discovery” means the ProductCo Entities’
personalized content discovery products as further described in Schedule 6. 
 “Pick Right” has the meaning given to
such term in Section 6 of Schedule 1 (Pick Right). 

  
 7 

 [***] 

[***] 
 “ProductCo
Customers” means any Person that purchases Media Licensed Products directly or indirectly from (i) a ProductCo Entity or (ii) an IPCo Entity prior to the Effective Date, including, in each case, by way of example, a Pay-TV Provider and its Pay-TV Provider Subscribers. 

“ProductCo Entities” means ProductCo and its Affiliates. 

[***] 
 [***] 

[***] 
 “Separation
Patents” means any Patents that are owned by any IPCo Entity on the Effective Date and any Patents that issue therefrom after the Effective Date. 

“Subsidiary” means, with respect to any Person, any other Person Controlled by such Person, but such Person shall be a
“Subsidiary” only for so long as such Control exists. 
 “Third-Party Applications” means [***]. 

“Transfer” means provide, deliver, or distribute (including, install or download) regardless of the basis, amount, or timing
of compensation (if any). 
 “TV Viewership Data” means the ProductCo Entities’ TV viewership data product as further
described in Schedule 7. 
 [***] 

[***] 
 [***] 

1.2 Other Definitional and Interpretive Provisions. The words “hereof”, “herein” and “hereunder” and
words of like import used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement. The captions herein are included for convenience of reference only and shall be ignored in the construction
or interpretation hereof. References to Sections and Schedules are to Sections and Schedules of this Agreement unless otherwise specified. All Schedules annexed hereto or referred to herein are hereby incorporated in and made a part of this
Agreement as if set forth in full herein. Any capitalized terms used in any Schedule but not otherwise defined therein shall have the meaning as defined in this Agreement. Any singular term in this Agreement shall be deemed to include the plural,
and any plural term the singular. Whenever the words “include,” “includes” or “including” are used in this Agreement, they will be deemed to be followed by the words “without limitation”, whether or not they
are in 

  
 8 

 
fact followed by those words or words of like import. “Writing,” “written” and terms comparable thereto refer to printing, typing and other means of reproducing words
(including electronic media) in a visible form. References to any statute, rule or regulation shall be deemed to refer to such statute, rule or regulation as amended or supplemented from time to time, including through the promulgation of applicable
rules or regulations. References to any agreement or contract are to that agreement or contract as amended, modified, or supplemented from time to time in accordance with the terms hereof and thereof. References to any Person include the successors
and permitted assigns of that Person. References from or through any date mean, unless otherwise specified, from and including such date or through and including such date, respectively. References to one gender include all genders. All amounts due
hereunder shall be made via wire transfer in accordance with instructions to be supplied during the Term and shall be payable in funds denominated in U.S. dollars. 
  

	2.	 LICENSE 

2.1 IP License under the Licensed Patents for Media Licensed Products. In consideration of the Specified Conditions and the other
obligations of ProductCo under this Agreement, IPCo on behalf of the IPCo Entities hereby grants to the ProductCo Entities, under the Licensed Patents and during the Term (except as set forth below and in Section 7 (Term and
Termination), a worldwide, irrevocable (except as set forth in Section 7 (Term and Termination)), non-exclusive, non-sublicensable (except as set forth
in Section 2.2 (Sublicense Rights)), non-transferable (except as otherwise permitted under this Agreement) right and license to: (a) make and have made Media Licensed Products, (b) sell,
offer for sale, lease, offer for lease, import, export, license, or otherwise Transfer Media Licensed Products directly or indirectly to ProductCo Customers, and (c) use, and permit ProductCo Customers to use Media Licensed Products. [***].

 2.2 Sublicense Rights. ProductCo Entities may grant to manufacturers, suppliers, distributors, and resellers of Licensed Products,
limited non-exclusive sublicenses under the Licensed Patents (as applicable, per the terms of the applicable license), solely for the purpose of allowing such Person to make, have made, sell, offer for sale,
lease, offer for lease, import, export, license or otherwise Transfer and/or use Licensed Products on behalf of and for the benefit of the ProductCo Entities as licensed under this Agreement. Any limited sublicenses granted shall be subject to the
license limitations and all other applicable terms set forth in this Agreement. ProductCo will be responsible for paying any applicable License Fees specified for the Media Licensed Products, even if such Media Licensed Products are sold on behalf
of ProductCo through a Person pursuant to a sublicense license granted to it under this Section 2.2. The Parties acknowledge and agree that the sublicenses granted under this Section 2.2 are intended to provide third parties with
sufficient rights to deploy Media Licensed Products under the terms and conditions of this Agreement and are not intended to be used by ProductCo in an attempt to provide third parties with a license under the Licensed Patents for products not
licensed under this Agreement. 
 2.3 [***]. 

  
 9 

 2.4 Reservation of Rights. Except as expressly set forth in this Agreement, no right,
license, covenant-not-to-sue, release or other immunity is granted, by estoppel, implication, exhaustion, other doctrine of law,
equity or otherwise, under any intellectual property right, to any Party or any of its Affiliates. Any future encumbrance, assignment, license, sublicense, or other transfer of or rights to or impacting any of the Licensed Patents shall be made
subject to this Agreement, including all rights, licenses, covenants-not-to-sue, releases and other immunities granted to the
ProductCo Entities. 
  

	3.	 FEES 

3.1 License Fees. [***]. 

3.2 License Fee Adjustments. [***]. 

3.3 Calculation. [***]. 

3.4 [***]. 
 3.5 Payment
Terms [***]. 
 3.6 Taxes. 

(a) Withholdings or Deductions. Notwithstanding Section 3.6(b) (Other Taxes), ProductCo is entitled to deduct and withhold
from any consideration payable under or otherwise deliverable under this Agreement amounts required to be deducted or withheld under Applicable Law (“Withholding Taxes”); provided that ProductCo will timely: (i) remit
Withholding Taxes to the appropriate tax authority, (ii) provide all original receipts or necessary documentation evidencing payment to the relevant Governmental Authority to IPCo, and (iii) cooperate with IPCo as reasonably requested to
support foreign tax credits IPCo may claim attributable to Withholding Taxes. 
 (b) Other Taxes. For all other taxes and fees, each
Party shall be responsible for its own respective taxes, tariffs, fees, duties, levies, or charges imposed on or with respect to income or receipts, net worth, or real, tangible, intangible property it owns or leases, for franchise, privilege or
other taxes, tariffs, or impositions on its own business or resulting from its own business activities. 
 (c) Tax Cooperation. The
Parties agree to reasonably cooperate with each other on matters under this Section 3.6 (Taxes). 
 3.7 Reports and Audit
Rights. 
 (a) Reports. [***]. 

(b) [***]. 
 (c) Audit
Rights. [***]. 

  
 10 

	4.	 REPRESENTATIONS AND WARRANTIES 

4.1 IPCo Entity Representations and Warranties. IPCo represents, warrants and covenants to ProductCo that: (a) this Agreement is a
legal, valid and binding obligation of IPCo, enforceable against each IPCo Entity in accordance with its terms, and IPCo has the right to enter into this Agreement on behalf of each IPCo Entity and to cause each IPCo Entity to comply with its terms
and conditions; (b) the individual signing this Agreement on behalf of IPCo is duly authorized by IPCo to do so and to bind each IPCo Entity to this Agreement, without any further act or authorization; [***]. 

4.2 ProductCo Representations and Warranties. ProductCo represents, warrants and covenants to IPCo that: (a) this Agreement is a
legal, valid and binding obligation of ProductCo, enforceable against each ProductCo Entity in accordance with its terms, and ProductCo has the right to enter into this Agreement on behalf of each ProductCo Entity and to cause each ProductCo Entity
to comply with its terms and conditions; and (b) the individual signing this Agreement on ProductCo’s behalf is duly authorized by ProductCo to do so and to bind each ProductCo Entity to this Agreement, without any further act or
authorization. 
 4.3 No Other Representations or Warranties. EACH PARTY HEREBY ACKNOWLEDGES AND AGREES THAT EXCEPT AS EXPRESSLY SET
FORTH IN THIS AGREEMENT, NEITHER PARTY HAS MADE NOR SHALL BE DEEMED TO HAVE MADE, AND EACH PARTY HEREBY DISCLAIMS, ANY OTHER REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED (WHETHER BY STATUTE, CUSTOM OR OTHERWISE), INCLUDING ANY REPRESENTATION OR
WARRANTY (EXPRESS OR IMPLIED) AS TO MERCHANTABILITY, FITNESS FOR A PARTICULAR USE OR PURPOSE OR NON-INFRINGEMENT, VALIDITY OR ENFORCEABILITY OF INTELLECTUAL PROPERTY. SUBJECT TO SECTIONS 4.1(C) AND 4.1(D),
WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, IPCO DOES NOT MAKE ANY REPRESENTATION OR WARRANTY THAT THE EXPLOITATION OF THE LICENSED PRODUCTS LICENSED HEREUNDER DOES NOT AND SHALL NOT INFRINGE ANY PATENT, COPYRIGHT, MASK WORK, TRADE SECRET OR
OTHER PROPRIETARY OR INTELLECTUAL PROPERTY RIGHT OF ANY THIRD PARTY. 
  

	5.	 CONFIDENTIAL INFORMATION 

5.1 Obligations of Confidentiality. In connection with the Parties’ activities under this Agreement, each Party and its Affiliates
may be supplying or disclosing to the other Party and its Affiliates, in confidence, certain Confidential Information. All Confidential Information shall be and shall remain the sole and exclusive property of the disclosing Party or its Affiliates.
Except as specifically provided elsewhere in this Agreement, the receiving Party shall not use the Confidential Information of the disclosing Party other than for the purposes of this Agreement, and shall disclose the same only on a need-to-know basis to those of its Affiliates and its and their full-time employees, and contractors expressly contemplated hereunder who are subject to written
confidentiality agreements with terms no less stringent than those provided in this Section 5 (Confidential Information). Each Party shall diligently enforce such confidentiality agreements with its Affiliates and its and their employees
and contractors and shall be responsible for any breach of such Party’s confidentiality obligations under this Agreement by its Affiliates and its and their employees and contractors. Other than as provided in this Agreement, receiving Party
shall not disclose disclosing Party’s Confidential Information to third parties. Each of the Parties shall and shall cause their Affiliates to use at least the same procedures and degree of care which it uses to prevent the disclosure of its
own Confidential Information, but in no event less than a 

  
 11 

 
reasonable standard of care. The Parties’ confidentiality obligations under this Section 5 (Confidential Information) shall survive the termination or expiration of this
Agreement. Upon termination of this Agreement, if requested by the disclosing Party, the receiving Party shall promptly return to the disclosing Party or destroy all documents, records, notebooks, and other materials (in any form or format)
containing or reflecting any Confidential Information (excluding the terms and conditions of this Agreement) of the disclosing Party then in the receiving Party’s possession or control. 

5.2 Exclusions. The Parties’ confidentiality obligations under this Agreement will not apply to any information that (a) is
or becomes generally known to the public without fault of receiving Party, (b) receiving Party can show by written documentation was in its possession without any obligation of confidentiality prior to receipt thereof from disclosing Party,
(c) receiving Party can show by written documentation, was independently developed by receiving Party without use of or reference to the Confidential Information of disclosing Party, or (d) receiving Party can show by written
documentation, is rightfully obtained by receiving Party from a third party without any obligation of confidentiality to disclosing Party. Nothing in this Agreement will prohibit receiving Party from disclosing Confidential Information of disclosing
Party if legally required to do so by Applicable Law (including any rules of, or any listing agreement with, any national stock exchange or national listing system) or Governmental Authority, judicial or governmental order or in a judicial or
governmental proceeding (“Required Disclosure”); provided that receiving Party shall (i) give disclosing Party reasonable notice of such Required Disclosure prior to disclosure, (ii) cooperate with disclosing Party in the
event that it elects to contest such disclosure or seek a protective order with respect thereto, and (iii) in any event only disclose the exact Confidential Information, or portion thereof, specifically requested by the Required Disclosure.
Confidential Information that is disclosed pursuant to a Required Disclosure shall remain otherwise subject to the confidentiality provisions of this Agreement, and the Party disclosing Confidential Information pursuant to Required Disclosure shall
take all reasonable steps necessary, including without limitation obtaining an order of confidentiality, to ensure the continued confidential treatment of such Confidential Information 

5.3 Permitted Disclosures. Each Party may provide a copy of this Agreement to the following Person who are under written obligations of
confidentiality substantially similar to those set forth in this Agreement: potential acquirers, merger partners or investors and to their employees, agents, attorneys, investment bankers, financial advisors, and auditors in connection with the due
diligence review of such Party. Each Party also may provide a copy of this Agreement to (a) the Party’s or its Affiliate’s public accounting firm in connection with the quarterly and annual financial or tax audits, (b) to the
Party’s or its Affiliate’s outside legal advisors in connection with obtaining legal advice relating to this Agreement, the relationship established by this Agreement or any related matters. Each Party may also disclose this Agreement to
Governmental Authorities as necessary to enforce or satisfy the terms and conditions of this Agreement (including by filing this Agreement with any Governmental Authority), with appropriate redactions where permitted by Applicable Law or such
Governmental Authority. 
 5.4 Injunctive Relief. Receiving Party acknowledges and agrees that due to the unique nature of disclosing
Party’s Confidential Information, there can be no adequate remedy at law for any breach of its obligations hereunder, that any such breach may allow receiving Party or third parties to unfairly compete with disclosing Party resulting in
irreparable harm to disclosing Party 

  
 12 

 
and, therefore, that upon any such breach or any threat thereof, disclosing Party will be entitled to seek appropriate equitable relief without the requirement of posting a bond, in addition to
whatever remedies it might have at law. Receiving Party will notify disclosing Party in writing immediately upon the occurrence of any such unauthorized release or other breach of which it is aware. 

 

	6.	 LIMITATION OF LIABILITY 

6.1 Limitation of Liability. [***], UNDER NO CIRCUMSTANCES SHALL EITHER PARTY BE LIABLE TO THE OTHER PARTY FOR SPECIAL, INDIRECT,
INCIDENTAL OR CONSEQUENTIAL DAMAGES, INCLUDING, LOSS OF REVENUES, PROFITS, USE, GOODWILL, MARKET SHARE OR BUSINESS OPPORTUNITY, IN CONNECTION WITH ANY CLAIM OR ACTION, WHETHER IN CONTRACT, TORT OR OTHERWISE, ARISING OUT OF THIS AGREEMENT. 

 

	7.	 TERM AND TERMINATION 

7.1 Term. This Agreement shall be effective as of Effective Date and shall continue in effect until the tenth (10th) anniversary of the Effective Date, unless terminated earlier in accordance with Section 7.2 (Termination for Challenge) or 7.3 (Termination for Breach) (such period of
effectiveness, the “Term”). 
 7.2 Termination for Challenge. IPCo may terminate this Agreement if any ProductCo
Entity, directly or indirectly, challenges the validity or enforceability of any Licensed Patent in any court or administrative agency, or provides financing or direction for such a challenge by a third-party, and fails to rescind or terminate such
challenge within thirty (30) days of receiving notice from IPCo Entities. [***] 
 7.3 Termination for Breach.

(a) IPCo may terminate this Agreement if any ProductCo Entity is in material breach of any of its covenants, agreements, representations, or
warranties contained in this Agreement and fails to remedy or cure such breach (if capable of being remedied or cured) within thirty (30) days after receiving written notice thereof. 

(b) ProductCo may terminate this Agreement if any IPCo Entity is in material breach of any of its covenants, agreements, representations, or
warranties contained in this Agreement and fails to remedy or cure such breach (if capable of being remedied or cured) within thirty (30) days after receiving written notice thereof. 

7.4 Effect of Expiration of this Agreement. Upon expiration of this Agreement: 

(a) [***] all rights and licenses granted to the ProductCo Entities for the Media Licensed Products shall immediately terminate [***]; 

(b) All rights and licenses granted to the ProductCo Entities for the Non-Media Licensed Products
under the Acquired Patents and Developed Patents shall immediately terminate [***]; and 

  
 13 

 (c) All other rights and licenses shall survive or terminate per the terms of the applicable
licenses set forth in this Agreement. 
 7.5 [***] 

7.6 Survival. For clarity, the license granted in Section 2.1 (IP License under the Licensed Patents for Media Licensed
Products) under the Separation Patents will continue for the remainder of the Term [***] regardless of any early termination hereof. The expiration or termination of this Agreement shall not relieve the Parties of any obligation accruing prior
to such expiration or termination, nor shall the expiration or termination of this Agreement preclude any Party from pursuing any and all rights and remedies it may have under this Agreement, at law or in equity, with respect to any breach of this
Agreement. Upon termination or expiration of this Agreement, all rights and licenses shall survive or terminate per the terms of the applicable right and license set forth in this Agreement.

8. LITIGATION SUPPORT. For as long as any ProductCo Entity is a licensee of any Licensed Patent, ProductCo agrees to, and agrees to cause the ProductCo
Entities to, provide all relevant documentation and perform all acts reasonably necessary and reasonably requested by IPCo to assist the IPCo Entities in satisfying the domestic industry requirement under International Trade Commission rules, and
other litigation support. Additional details regarding litigation support are set forth in Schedule 2. 
  

	9.	 ACQUISITION AND DIVESTITURE OF OR BY PRODUCTCO. [***]. 

 

	10.	 [***]. 

  

	11.	 [***]. 

11.1 [***]. 
 11.2
Acquisition of IPCo. Notwithstanding anything to the contrary in this Agreement, if any third party acquires Control of IPCo or becomes under common Control with IPCo, or IPCo consolidates, merges or otherwise combines with a third party,
then the licenses and other rights granted under this Agreement by the IPCo Entities (including, for clarity, the Indemnification Obligations and Standstill granted by the IPCo Entities) shall not include any Patents owned by such third party or by
any Person that was an Affiliate of such third party immediately prior to such acquisition, consolidation, merger or other combination. 
  

	12.	 MISCELLANEOUS PROVISIONS 

12.1 Separate Entities. No officer, employee, agent or independent contractor of either Party or its Affiliates shall at any time be
deemed to be an officer, employee, agent, or independent contractor of the other Party for any purpose whatsoever, and the Parties shall use commercially reasonable efforts to prevent any such misrepresentation. Nothing in this Agreement shall be
deemed to create any joint venture, partnership, or principal-agent relationship between the Parties, and neither Party shall hold itself out in its advertising or in any other manner which would indicate any such relationship with the other Party.

  
 14 

 12.2 Notices. All notices, requests and other communications to any Party hereunder
shall be in writing (including electronic mail (“e-mail”) transmission, so long as a receipt of such e-mail is requested and received) and shall be
given, 
 if to ProductCo, to: 

Xperi Inc. 
 2190 Gold Street, San
Jose, CA 95002 
 Attention: [•] 

E-mail: [•] 

if to IPCo, to: 
 Adeia Inc. 

3025 Orchard Parkway, San Jose, CA 95134 

Attention: [•] 
 E-mail: [•] 
 or such other address as such Party may hereafter specify for the purpose by notice to the other
Party. All such notices, requests and other communications shall be deemed received on the date of receipt by the recipient thereof if received prior to 5:00 p.m. in the place of receipt and such day is a Business Day in the place of receipt.
Otherwise, any such notice, request or communication shall be deemed not to have been received until the next succeeding Business Day in the place of receipt. 

12.3 Bankruptcy. All rights and licenses granted under this Agreement are, and will be deemed to be, licenses of rights to and
respecting “intellectual property” for purposes of Section 365(n), and as defined in Section 101(35)(A), of the U.S. Bankruptcy Code (11 U.S.C. Section 101 et. seq., as amended) (the “Bankruptcy Code”), and
to the extent necessary to preserve the rights of the ProductCo Entities hereunder, including the license rights granted under this Agreement, this Section shall be treated as supplementary to this Agreement pursuant to Section 365(n) of the
Bankruptcy Code. Each ProductCo Entity may elect to retain and fully exercise all of its rights and elections under Section 365(n) of the Bankruptcy Code, including the retention of all of its rights as licensee hereunder, notwithstanding the
rejection of this Agreement by any IPCo Entity as debtor in possession, or a trustee or similar functionary in bankruptcy acting on behalf of the debtor’s estate. In the event that any such proceeding shall be instituted by or against such IPCo
Entity seeking to adjudicate it bankrupt, or insolvent, or seeking liquidation, winding up, insolvency or reorganization, or relief of debtors, or seeking an entry of an order of relief, or the appointment of a receiver, trustee or other similar
official for it or any substantial part of its property or it shall take any action to authorize any of the foregoing actions, such ProductCo Entity shall have the right to retain and enforce its rights under this Agreement (including this
Section 12.3) as provided under Section 365(n) of the Bankruptcy Code. 
 12.4 Amendments and Waivers. Any provision of
this Agreement may be amended or waived if, but only if, such amendment or waiver is in writing and is signed, in the case of an amendment, by each Party to this Agreement, or in the case of a waiver, by the Party against whom the waiver is to be
effective. No failure or delay by any Party in exercising any right, power or privilege hereunder shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of
any other right, power or privilege. The rights and remedies herein provided shall be cumulative and not exclusive of any rights or remedies provided by Applicable Law. 

  
 15 

 12.5 Assignment. The provisions of this Agreement shall be binding upon and inure to
the benefit of the Parties and their respective successors and assigns. Except as set forth in the remainder of this Section 12.5, neither this Agreement nor any rights hereunder may be assigned or otherwise transferred by any Party, in whole
or in part, whether voluntarily or by operation of Applicable Law, without the prior written consent of the other Parties. Any purported assignment or other transfer of this Agreement in contravention of this Section 12.5 shall be null and void
ab initio. [***]. 
 12.6 Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the
state of Delaware, without regard to the conflicts of law rules of such state. 
 12.7 Dispute Resolution. The provisions (as
applicable) of Article IX (Dispute Resolution) of the Separation Agreement are hereby incorporated by reference mutatis mutandis. 

12.8 Counterparts; Effectiveness; Third Party Beneficiaries. This Agreement may be signed in any number of counterparts, each of which
shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. Electronic copies of signatures shall have the same effect as originals. This Agreement shall become effective only after and subject
to each Party having received a counterpart hereof signed by the other Parties. Until and unless each Party has received a counterpart hereof signed by the other Parties, this Agreement shall have no effect and no Party shall have any right or
obligation hereunder (whether by virtue of any other oral or written agreement or other communication). Except as otherwise explicitly provided herein, no provision of this Agreement is intended to confer any rights, benefits, remedies, obligations,
or liabilities hereunder upon any Person other than the Parties and their respective successors and assigns. The Parties acknowledge and agree that the ProductCo Entities are intended third party beneficiaries of the rights, licenses, covenants-not-to-sue, indemnity, and other immunities granted by the IPCo Entities under this Agreement. 

12.9 Entire Agreement. This Agreement and the Separation Agreement constitute the entire agreement between the Parties with respect to
the subject matter of this Agreement and supersede all prior agreements and understandings, both oral and written, among the Parties with respect to the subject matter of this Agreement. 

12.10 Severability. If any term, provision, covenant, or restriction of this Agreement is held by a court of competent jurisdiction or
other authority to be invalid, void, or unenforceable, the remainder of the terms, provisions, covenants, and restrictions of this Agreement shall remain in full force and effect and shall in no way be affected, impaired or invalidated so long as
the economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to any Party. Upon such a determination, the Parties shall negotiate in good faith to modify this Agreement so as to effect the
original intent of the Parties as closely as possible in an acceptable manner in order that the transactions contemplated hereby be consummated as originally contemplated to the fullest extent possible. 

  
 16 

 12.11 Construction. This Agreement has been entered into after negotiation and review
of its terms and conditions by parties with substantially equal bargaining power, each of whom has had full and fair opportunity to consult with counsel and is under no compulsion to execute and deliver a disadvantageous agreement. This Agreement
incorporates provisions, comments, and suggestions proposed by both Parties, and shall be deemed to have been drafted by both Parties. No ambiguity or omission in this Agreement shall be construed or resolved against either Party on the ground that
this Agreement or any of its provisions was drafted or proposed by that Party. The language of this Agreement shall be construed as a whole according to its fair meaning and not for or against either Party. 

12.12 Irreparable Harm Arising from Breach. The Parties agree that violation of the provisions contained in this Agreement shall cause
a Party to suffer immediate and irreparable harm for which there is no adequate remedy at law. Therefore, the Parties further agree that in the event of a breach of this Agreement, the non-breaching Party
shall be entitled to preliminary and permanent injunctive relief, in addition to all other remedies available to it at law or equity. 

[Signature page to Cross Business License Agreement follows] 

  
 17 

 IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed by their duly
authorized representatives as of the Effective Date. 
  

									
	XPERI INC.	 		 	ADEIA INC.
					
	By:	 	 /s/ Robert Andersen
	 		 	By:	 	 /s/ Keith Jones

	Name:	 	Robert Andersen	 		 	Name:	 	Keith Jones
	Title:	 	Chief Financial Officer	 		 	Title:	 	Chief Financial Officer

  

									
	ADEIA MEDIA LLC	 		 	ADEIA MEDIA HOLDINGS LLC
					
	By:	 	 /s/ Kevin Tanji
	 		 	By:	 	 /s/ Kevin Tanji

	Name:	 	Kevin Tanji	 		 	Name:	 	Kevin Tanji
	Title:	 	President & Secretary	 		 	Title:	 	President & Secretary

  
 Signature Page to
Cross Business License Agreement 

 SCHEDULE 1 

ADDITIONAL TERMS 
 [***] 

 SCHEDULE 1-A 

INVENTOR SUPPORT 
 [***] 

 SCHEDULE 1-B 

PATENT PICK RIGHT 
 [***] 

 SCHEDULE 2 

LITIGATION SUPPORT 
 [***] 

 

 SCHEDULE 3 

[***] 

 SCHEDULE 4 

ADVERTISING 
 [***] 

 SCHEDULE 5 

METADATA 
 [***] 

 SCHEDULE 6 

PERSONALIZED CONTENT DISCOVERY 
 [***] 

 SCHEDULE 7 

TV VIEWERSHIP DATA 
 [***]EX-10.4

 Exhibit 10.4 

[CERTAIN IDENTIFIED INFORMATION, MARKED BY [***], HAS BEEN OMITTED FROM THE EXHIBIT BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) THE TYPE THAT THE
REGISTRANT TREATS AS PRIVATE OR CONFIDENTIAL.] 
  
  

 
 TRANSITION SERVICES AGREEMENT

 by and between 

ADEIA INC. 
 and

 XPERI INC. 

Dated October 1, 2022 
  

 
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	ARTICLE I	  

	
	DEFINITIONS	  

			
	 Section 1.1
	 	Definitions	  	 	1	 
	
	ARTICLE II	  

	
	TRANSITION SERVICES	  

	 Section 2.1
	 	Transition Services	  	 	4	 
	 Section 2.2
	 	Service Provider Affiliates	  	 	4	 
	 Section 2.3
	 	Coordinators	  	 	4	 
	 Section 2.4
	 	Additional Services	  	 	4	 
	 Section 2.5
	 	Service Changes	  	 	5	 
	 Section 2.6
	 	Cooperation	  	 	6	 
	 Section 2.7
	 	Standard of Performance	  	 	6	 
	 Section 2.8
	 	Pass Through of Third-Party Terms	  	 	7	 
	
	ARTICLE III	  

	
	LIMITATIONS	  

			
	 Section 3.1
	 	General Limitations	  	 	7	 
	 Section 3.2
	 	Third-Party Limitations	  	 	8	 
	 Section 3.3
	 	Dependencies	  	 	9	 
	 Section 3.4
	 	Compliance Matters	  	 	9	 
	 Section 3.5
	 	Excluded Services	  	 	10	 
	 Section 3.6
	 	Force Majeure	  	 	10	 
	
	ARTICLE IV	  

	
	PAYMENT	  

			
	 Section 4.1
	 	Fees	  	 	10	 
	 Section 4.2
	 	Billing and Payment Terms	  	 	11	 
	 Section 4.3
	 	Disputed Invoices	  	 	11	 
	 Section 4.4
	 	Taxes	  	 	11	 
	 Section 4.5
	 	No Offset	  	 	12	 

  
 i 

							
	ARTICLE V	  

	
	ACCESS TO NETWORKS AND PREMISES;	  

	DATA PRIVACY AND DATA SECURITY	  

			
	 Section 5.1
	 	Access to Networks	  	 	12	 
	 Section 5.2
	 	Access to Premises	  	 	12	 
	 Section 5.3
	 	Data Privacy and Data Security	  	 	12	 
	
	ARTICLE VI	  

	
	CONFIDENTIALITY	  

			
	 Section 6.1
	 	Confidential Information	  	 	13	 
	 Section 6.2
	 	Disclosure in Compliance With Law	  	 	13	 
	 Section 6.3
	 	Unauthorized Disclosures	  	 	13	 
	 Section 6.4
	 	Injunctive Relief	  	 	13	 
	
	ARTICLE VII	  

	
	DATA AND INTELLECTUAL PROPERTY	  

			
	 Section 7.1
	 	Ownership of Data and Intellectual Property	  	 	14	 
	
	ARTICLE VIII	  

	
	INDEMNIFICATION	  

			
	 Section 8.1
	 	Indemnification by Service Recipient	  	 	14	 
	 Section 8.2
	 	Indemnification by Service Provider	  	 	15	 
	 Section 8.3
	 	Indemnification Procedures	  	 	15	 
	
	ARTICLE IX	  

	
	WARRANTIES, DISCLAIMER AND LIMITATION OF LIABILITY	  

			
	 Section 9.1
	 	Disclaimer of Warranties	  	 	15	 
	 Section 9.2
	 	Limitation of Liability.	  	 	15	 
	
	ARTICLE X	  

	
	TERM AND TERMINATION	  

			
	 Section 10.1
	 	Term of Agreement and Services	  	 	16	 
	 Section 10.2
	 	Termination	  	 	16	 
	 Section 10.3
	 	Effect of Termination	  	 	18	 

  
 ii 

							
	ARTICLE XI	  

	
	MISCELLANEOUS	  

			
	 Section 11.1
	 	Interpretation	  	 	18	 
	 Section 11.2
	 	SDA Provisions	  	 	19	 
	 Section 11.3
	 	Notices	  	 	19	 
	 Section 11.4
	 	Third Party Beneficiaries	  	 	20	 
	 Section 11.5
	 	Governing Law	  	 	20	 
	 Section 11.6
	 	No Joint Venture or Partnership	  	 	21	 

  

			
		
	SCHEDULES	  	
		
	Schedule 2.1	  	Services
		
	Schedule 2.3	  	Service Coordinators
		
	Schedule 2.4	  	Additional Services Request Form

  

  
 iii 

 TRANSITION SERVICES AGREEMENT 

This TRANSITION SERVICES AGREEMENT (this “Agreement”), dated as of October 1, 2022 (the “Effective
Date”), by and between Adeia Inc., a Delaware corporation (“Service Recipient”), and Xperi Inc., a Delaware corporation (“Service Provider”). Each of Service Recipient and Service Provider is sometimes
referred to herein as a “Party” and collectively, as the “Parties.” 
 WHEREAS, Service Recipient
and Service Provider, acting through their respective direct and indirect Subsidiaries, currently conduct (i) the IP Business and (ii) the Product Business, respectively; 

WHEREAS, Service Recipient and Service Provider have entered into a Separation and Distribution Agreement, dated as of October 1,
2022 (“Separation and Distribution Agreement”), pursuant to which the Parties separated into two separate, publicly traded companies; 

WHEREAS, the Parties have executed various Ancillary Agreements, of even date herewith, pursuant to the Separation and Distribution
Agreement to facilitate and provide for an ordinary transition in connection with the consummation of the transactions contemplated by the Separation and Distribution Agreement, and to facilitate the ongoing operations of the Product Business and IP
Business; 
 WHEREAS, the Separation and Distribution Agreement and certain of the Ancillary Agreements contemplate that the Parties
execute a Transition Services Agreement to provide a binding framework for the provisions of transition services to the Service Recipient Group by the Service Provider Group; and 

WHEREAS, this Agreement sets forth the terms and conditions for the provision of transition services. 

NOW, THEREFORE, in consideration of the mutual promises and covenants set forth herein and for other good and valuable consideration,
the receipt and adequacy of which are hereby acknowledged, and intending to be legally bound, the Parties hereby agree as follows: 

ARTICLE I 

DEFINITIONS 

Section 1.1 Definitions. Capitalized terms not otherwise defined herein shall have the meaning ascribed to them in the Separation
and Distribution Agreement. Unless the context clearly requires otherwise, the following terms shall have the following meanings: 

“Additional Service” has the meaning set forth in Section 2.4. 

“Agreement” has the meaning set forth in the preamble. 

“Change Order” has the meaning set forth in Section 2.5(a). 

  
 1 

 “Confidential Information” means any information that is treated as
confidential by a Party, including technology, trade secrets, know-how, business operations, plans, strategies, customers, research, software, developments, inventions, processes, formulas, technology,
designs, drawings, engineering, hardware configuration, marketing, finances, pricing and information. The terms of this Agreement, including its fee and expense structure, are Confidential Information of both Parties. Notwithstanding the foregoing,
“Confidential Information” shall not include information that: (a) is already known to the Receiving Party without restriction on use or disclosure prior to receipt of such information from the Disclosing Party; (b) is or becomes
generally known by the public other than by breach of this Agreement by, or other wrongful act of, the Receiving Party; (c) is developed by the Receiving Party independently of, and without reference to, any Confidential Information of the
Disclosing Party; or (d) is received by the Receiving Party from a third party who is not under any obligation to the Disclosing Party to maintain the confidentiality of such information. 

“Consent” means any permission, consent, agreement, waiver of any termination right or authorization required from a third
party (including any Governmental Entity) for the provision of any Service by Service Provider, or for the receipt of any Service by Service Recipient. 

“Covered Action” has the meaning set forth in Section 8.1. 

“Data Sharing Agreement” shall mean the Data Sharing Agreement, by and between Service Recipient and Service Provider, dated
as of even date herewith. 
 “Dependent Services” has the meaning set forth in Section 2.5(b).

 “Designated Service Recipient IT Personnel” shall mean Service Recipient’s Personnel identified as such in
Schedule 2.1(I). 
 “Disclosing Party” has the meaning set forth in Section 6.1. 

“Effective Date” has the meaning set forth in the preamble. 

“Fees” has the meaning set forth in Section 4.1. 

“Force Majeure Event” has the meaning set forth in Section 3.6(a). 

“Indemnifying Party” has the meaning set forth in Section 8.3. 

“Indemnitees” has the meaning set forth in Section 8.2. 

“Losses” means all losses, damages, liabilities, deficiencies, actions, judgments, interest, awards, penalties, fines, costs
or expenses of whatever kind, including reasonable attorneys’ fees and the cost of enforcing any right to indemnification hereunder and the cost of pursuing any insurance providers. 

“Parties” has the meaning set forth in the preamble. 

“Party” has the meaning set forth in the preamble. 

  
 2 

 “Permitted Subcontractor” has the meaning set forth in
Section 3.2(f). 
 “Personnel” shall mean, with respect to any Party, the employees, officers,
agents, independent contractors and consultants of such Party, and, with respect to Service Provider, (a) Service Provider Affiliates and (b) any third parties engaged by a Service Provider Party to provide a Service. 

“Receiving Party” has the meaning set forth in Section 6.1. 

“Service Change” means a change to all or any part of a Service in accordance with a Change Order. 

“Service Coordinator” has the meaning set forth in Section 2.3(a). 

“Service Provider” has the meaning set forth in the preamble. 

“Service Provider Affiliates” shall mean Service Provider’s Affiliates providing Services under this Agreement. 

“Service Provider Group” shall mean Service Provider and each Person that is a direct or indirect Subsidiary of Service
Provider. 
 “Service Provider Indemnitees” has the meaning set forth in Section 8.1. 

“Service Provider Parties” shall mean Service Provider and Service Provider Affiliates. 

“Service Recipient” has the meaning set forth in the preamble. 

“Service Recipient Group” shall mean Service Recipient and each Person that is a direct or indirect Subsidiary of Service
Recipient. 
 “Service Recipient Indemnitees” has the meaning set forth in Section 8.2. 

“Service Schedules” means Schedule 2.1. 

“Services” has the meaning set forth in Section 2.1. 

“Term” has the meaning set forth in Section 10.1. 

“Terminated Service” has the meaning set forth in Section 10.2(b). 

“Terminating Party” has the meaning set forth in Section 10.2(a). 

“Transition” means all of the matters under this Agreement, including the establishment of certain vendor Contracts by
Service Recipient to replace certain of the Services provided hereunder. 

  
 3 

 ARTICLE II 

TRANSITION SERVICES 

Section 2.1 Transition Services. Subject to the terms and conditions of this Agreement, Service Provider shall provide (or cause
to be provided) to Service Recipient Group all of the services listed in Schedule 2.1 attached hereto (as such Schedule may be amended pursuant to Section 2.4, the “Services”).

 Section 2.2 Service Provider Affiliates. Service Provider may, in its sole discretion, engage, or cause a Service Provider
Affiliate to engage, one or more Persons (including third parties or Affiliates of Service Provider) to provide some or all of the Services, subject to the terms set forth herein. 

Section 2.3 Coordinators. 

(a) The Parties shall each nominate a representative to act as the primary contact person or group with respect to all aspects of the
Services, (each, a “Service Coordinator”). Unless otherwise agreed upon by the Parties, all communications relating to this Agreement and to the Services provided hereunder shall be directed to the Service Coordinators. The initial
Service Coordinators for the Parties, including relevant contact information, are set forth on Schedule 2.3. Either Party may replace its Service Coordinator with an individual or group of comparable qualifications and
experience at any time by providing notice in accordance with Section 11.3. Each Party may treat the actions of the other Party’s Service Coordinator as having been authorized by such other Party without further
inquiry as to whether such Service Coordinator had authority to so act. 
 (b) At least monthly during the Term (or at such other frequency
as the Parties may agree or when this Agreement otherwise requires), the Service Coordinators shall meet (in person or via telephone or videoconference) for the purposes of: 

(i) considering any issues arising out of the performance of the Services; 

(ii) discussing the current status of any Service Changes; 

(iii) discussing the status of the Transition; and 

(iv) considering any other issues arising under or in connection with this Agreement. 

Section 2.4 Additional Services. If Service Recipient desires to receive any service that is not part of the Services set forth on
the applicable Service Schedules and is not a service that the Parties specifically agreed not to include on such schedule, Service Recipient’s Service Coordinator shall contact Service Provider’s Service Coordinator, and provide a written
request (based on the form of Service Schedule attached hereto as Schedule 2.4 or another form as may be mutually agreed to by the Parties) describing such additional service, which Service Provider shall consider in good
faith (each such service, to the 

  
 4 

 
extent mutually agreed by the Parties, an “Additional Service”). Notwithstanding the foregoing, Service Provider shall be under no obligation to accept a request for Additional
Services and may reject or accept such request in its sole discretion. If Service Provider accepts a request for Additional Services, subject to obtaining any Consents necessary from any third parties including Governmental Entities (which Consents
will be sought by Service Provider in accordance with Section 3.2(c)), the Parties shall in good faith negotiate the scope and terms thereof, including additional payment due Service Provider for such services, and the
Parties shall execute an amendment hereto incorporating such terms. Service Provider shall not be under any obligation to provide any Additional Services unless and until the Parties execute an amendment hereto providing for such Additional
Services. If agreed, any such Additional Service shall be added to the applicable Service Schedules in accordance with Section 2.5. 

Section 2.5 Service Changes. 

(a) If either Party wishes to change the scope or performance of the Services, it shall submit the requested change to the other Party in
writing with reasonable detail depending on the scope and complexity of the requested change. Service Provider shall, within a reasonable time after such request (and, if such request is initiated by Service Recipient, not more than [***] Business
Days after receipt of Service Recipient’s written request, unless Service Provider notifies Service Recipient that an extension will be required due to the nature and complexity of the request), provide a written estimate to Service Recipient
of: (i) the likely time required to implement the change; (ii) any necessary variations to the Fees and other charges for the Services arising from the change; (iii) the likely effect of the change on the Services, including any known
Dependent Services; and (iv) any other impact the change might have on the performance of this Agreement. Promptly after receipt of the written estimate, the Parties shall negotiate and agree in writing on the terms of such change (a
“Change Order”). Neither Party shall be bound by any Change Order unless mutually agreed in writing. 
 (b) The Parties
acknowledge that any Service Change may result in Service Provider Parties being unable to continue the provision of all or a portion of a Service subject to the Service Change or a related Service (any such affected Services, the “Dependent
Services”). If a Service Change that would result in Dependent Services was requested by Service Recipient, Service Provider shall notify Service Recipient within [***] Business Days, and Service Recipient shall have [***] Business Days
from receipt of such notice to confirm in writing to Service Provider that it still wishes to request the applicable Service Change. If Service Recipient does not provide such confirmation, Service Recipient’s original request for a Service
Change shall be deemed withdrawn and will not result in any change an existing Service. 
 (c) The out-of-pocket expenses (but not internal costs) actually incurred by Service Provider relating to any Service Change shall be borne by (i) Service Provider for requests made by Service Provider and
(ii) Service Recipient for requests made by Service Recipient. Each Party shall bear its own internal costs relating to any Service Change requested by either Party. Any Service Change shall be subject to, if applicable, any necessary Consent
under any relevant Contracts with third parties, which Consents shall be sought in accordance with Section 3.2(c). Any Service Change shall automatically be deemed to amend the relevant Services on the applicable Service
Schedule. 

  
 5 

 Section 2.6 Cooperation. 

(a) Each Party shall cooperate reasonably with the other Party in all matters relating to the provision and receipt of the Services so as to
minimize the expense, distraction and disturbance in connection with such Services, and shall perform all obligations hereunder in good faith and in accordance with principles of fair dealing. With respect to Service Recipient, such cooperation
shall include (i) the execution and delivery of such further instruments or documents as may be reasonably requested by Service Provider to enable the full performance of each Party’s obligations hereunder; (ii) notifying Service
Provider in advance of any changes to a Party’s operating environment or Personnel (including changes with respect to employee status) to the extent relevant to the applicable Services and working with Service Provider to effect such changes
with the least interruption; and (iii) notifying Service Provider in advance of Service Recipient’s migration and integration of such Service and consequent termination of the applicable Service. With respect to Service Provider, such
cooperation shall include, in accordance with Section 5.1, allowing Service Recipient’s Personnel access to Service Provider’s IT Assets to the extent reasonably necessary for Service Recipient to receive the
Services. 
 (b) Service Recipient will use commercially reasonable efforts to provide information and documentation sufficient for Service
Provider Parties to perform the Services in the manner they were provided by Service Recipient (including to itself or its Affiliates) in the ordinary course prior to the Effective Date (where applicable), and will use commercially reasonable
efforts to make available, as reasonably requested by Service Provider, sufficient resources and timely decisions, approvals and acceptances in order that Service Provider may perform its obligations under this Agreement in a timely and efficient
manner. 
 (c) Service Recipient shall follow, and shall cause its Affiliates to follow (and Service Provider shall cause its third-party
service providers to follow), the policies, procedures and practices followed by Service Provider Parties with respect to the Services consistent with the policies, procedures and practices that were in effect prior to the Effective Date, and any
additional policies, procedures or practices, or changes thereto, reasonably necessary or advisable. 
 (d) If Service Recipient fails to
act in accordance with this Section 2.6, Service Provider Parties shall notify Service Recipient. If such failure actually prevents Service Provider Parties, or any third party engaged by Service Provider Parties, from
providing a Service hereunder, Service Provider Parties shall not be in breach of this Agreement for failing to provide the applicable Service until such time as Service Recipient’s failure to comply with this
Section 2.6 has been cured. 
 (e) Each Party shall, upon the reasonable request, and at the sole cost and expense
of the other Party, execute such documents and perform such acts as may be reasonably necessary to give full effect to the terms of this Agreement. 

Section 2.7 Standard of Performance. Service Provider shall, and shall cause all Service Provider Parties to, use commercially
reasonable efforts to perform the Services with the same degree of care, skill and prudence customarily exercised by it for its provision of such services to itself and its Affiliates. 

  
 6 

 Section 2.8 Pass Through of Third-Party Terms. Service Provider will use
commercially reasonable efforts to provide to Service Recipient the full benefit of all covenants, representations, warranties and indemnities granted to Service Provider by third parties in connection with any Services by either (a) providing
them directly to Service Recipient as part of this Agreement or (b) enforcing them against the third party and providing the benefits of that enforcement to Service Recipient. 

ARTICLE III 

LIMITATIONS 

Section 3.1 General Limitations. 

(a) Subject to Section 3.5, Service Provider may freely select the Persons, equipment, and Software that it will use
to provide the Services; provided that Service Provider shall remain responsible for the performance of the Services in accordance with this Agreement, subject to Section 3.2 below. 

(b) Service Recipient expressly acknowledges that, except for the right to receive the Services provided by Service Provider Parties as agreed
herein, Service Recipient has no right to receive any services from Service Provider or its Affiliates. 
 (c) Except as otherwise provided
in this Agreement, each of Service Provider and Service Recipient shall bear its own costs of providing or receiving the Services. 
 (d)
Without limiting Service Provider’s obligation to provide or cause to be provided the Services in accordance with this Agreement, Service Recipient acknowledges and agrees that Service Provider Parties shall provide the Services in the methods
and manners determined in Service Provider Parties’ sole discretion, including any and all decisions regarding: (i) hiring or engaging any additional employees or contractors; (ii) maintaining the employment or engagement of any
specific employee or contractor; (iii) purchasing, leasing or licensing any additional equipment, hardware or IT Assets; (iv) paying any costs related to the transfer or conversion of data from Service Provider Parties or any alternate
supplier of Services; or (v) upgrading or maintaining any equipment, hardware or IT Assets. 

  
 7 

 Section 3.2 Third-Party Limitations. 

(a) Service Recipient acknowledges and agrees that the Services provided by Service Provider through third parties or using third-party
Intellectual Property are subject to the terms and conditions of any applicable Contracts between Service Provider and such third parties. Service Recipient shall comply, and shall cause its Affiliates to comply, with the terms of such Contracts to
the extent they are relevant to the receipt of the Services and to the extent that such terms are known to Service Recipient or its Personnel. 

(b) Service Provider shall be entitled to exclusively manage its relationships with third parties. 

(c) Service Provider Parties shall be responsible for the acts, omissions, defaults or insolvency of any third party engaged to provide
Services. In the event that a third party that has been engaged to provide such Services fails to provide the Services in accordance with this Agreement, Service Provider Parties shall use commercially reasonable efforts to assert any rights that
Service Provider Parties may have under the applicable Contracts with such third party. If the foregoing does not result in the restoration of the applicable Services, the applicable Service Provider Parties shall use commercially reasonable efforts
to obtain a reasonable alternative arrangement to provide the relevant Services sufficient for the purposes of Service Recipient; provided that if no reasonable alternative arrangement is available, Service Provider Parties shall not
be required to provide the affected Services. All costs associated with the foregoing shall be borne by Service Recipient; provided that if Service Provider or any of its Affiliates also receives services from such alternative service
provider, Service Recipient shall only pay its pro rata share of the costs associated with obtaining such alternative service provider. Service Recipient shall be responsible for the acts, omissions, defaults or insolvency of any member of
the Service Recipient Group or third party engaged by Service Recipient in connection with the receipt of the Services, including the Designated Service Recipient IT Personnel. In the event that a third party that has been engaged by Service
Recipient in connection with the receipt of the Services fails to act in accordance with this Agreement, Service Recipient shall use commercially reasonable efforts to assert any rights that Service Recipient may have under the applicable Contracts
with such third party. 
 (d) Service Provider shall use commercially reasonable efforts to obtain any necessary Consent from third parties
in order to provide the Services. If any such Consent is not obtained, Service Provider Parties shall use commercially reasonable efforts to obtain a reasonable alternative arrangement to provide the relevant Services sufficient for the purposes of
Service Recipient; provided that if no reasonable alternative arrangement is available, Service Provider Parties shall not be required to provide the affected Services. All costs associated with the foregoing Consents and reasonable
alternatives related to Service Changes requested by Service Provider shall be borne by Service Provider. All costs associated with the foregoing Consents and reasonable alternatives related to the Services or any Service Changes requested by
Service Recipient shall be borne by Service Recipient. The Parties shall, at the other Party’s request, provide commercially reasonable assistance in obtaining the foregoing Consents and reasonable alternatives. 

  
 8 

 (e) Service Recipient shall not discuss with any third party the provision of the Services,
except as permitted under Article VI and with third parties being considered to provide services similar to the Services after the Term (provided that such third parties shall be informed of the confidential
nature of the information and shall be bound in writing to maintain its confidentiality). 
 (f) Service Provider will not subcontract its
obligations under this Agreement to a third party (including an Affiliate) if the third party will (i) have, process or otherwise have access to Service Recipient’s Confidential Information or Service Recipient’s information systems;
(ii) provide a material component of any Service; (iii) provide a service, feature or functionality that is customer-facing or public-facing; or (iv) use any Trademark of any Service Recipient, without first complying with vendor
diligence and other risk management processes and procedures at least as stringent as Service Provider would undertake in the ordinary course of business for onboarding vendors or other service providers to perform the same or similar types of
services for Service Provider or its Affiliates (each such subcontractor or other third party, a “Permitted Subcontractor”). Service Provider shall remain fully responsible for the performance of each such Permitted Subcontractor
and its employees and for their compliance with all of the terms and conditions of this Agreement as if they were Service Provider’s own employees. At Service Recipient’s written request, Service Provider shall use commercially reasonable
efforts to (x) cause such Permitted Subcontractor to submit during regular business hours to an audit or examination by Service Recipient or any Governmental Entities having jurisdiction over Service Recipient and (y) terminate or suspend
Service Provider’s future use of such subcontractor in connection this Agreement. Nothing contained in this Agreement shall create any contractual relationship between Service Recipient and any Service Provider subcontractor or supplier. 

Section 3.3 Dependencies. Notwithstanding anything to the contrary in this Agreement, Service Recipient acknowledges that some of
the Services require instructions, data, information and access from Service Recipient or third parties, or are dependent in whole or in part on completion of prior acts by Service Recipient or third parties, each of which Service Recipient shall
provide (or cause to be provided) to Service Provider or otherwise complete (or cause to be completed), in each case in a form and at such time as is reasonably requested by Service Provider; provided that Service Provider shall use
its commercially reasonable efforts to limit the foregoing to those that were required to perform equivalent services for Service Provider prior to the Effective Date. If Service Recipient or any third party fails to provide any such instructions,
data, information or access, or fails to perform a prerequisite act, and Service Provider is prevented in whole or in part from providing any Services as a result of such failure, then Service Provider shall so notify Service Recipient and, if such
failure by Service Recipient or such third party remains uncured, Service Provider shall not be liable for failing to perform the applicable Services to the extent caused by Service Recipient’s or such third party’s failure. 

Section 3.4 Compliance Matters. 

(a) Notwithstanding any other provision of this Agreement, Service Provider (i) shall have the right to perform any action that, in its
reasonable opinion, is necessary to comply with applicable Law or any policy or procedure of any Service Provider Party that is designed to respond to a requirement of Law, to a new legal or regulatory issue, or to a security threat and
(ii) shall not be required to perform or cause to be performed any Service (or portion thereof) or other obligation in connection with this Agreement that conflicts with or violates any applicable Law or any policy or procedure of any Service
Provider Party that is designed to respond to a requirement of Law, to a new legal or regulatory issue or to a security threat. 

  
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 (b) In connection with this Agreement, Service Provider and its Affiliates and Service
Recipient and its Affiliates shall comply, and shall ensure that they and their respective representatives and Permitted Subcontractors comply, with any applicable Laws and any applicable policy or procedure of any Service Provider Party (including
data encryption policies and procedures established by a Service Provider Party) that have been provided to Service Recipient. 

Section 3.5 Excluded Services. Notwithstanding anything to the contrary set forth herein and subject to
Section 2.5, the Transition Services shall only include those specific services set forth on Schedule 2.1. 

Section 3.6 Force Majeure. 

(a) No Party shall be liable or responsible to the other Party, nor be deemed to have defaulted under or breached this Agreement, for any
failure or delay in fulfilling or performing any provision of this Agreement, when and to the extent such failure or delay is caused by or results from acts beyond the affected Party’s reasonable control, including: (i) acts of God;
(ii) flood, fire or explosion; (iii) war, invasion, riot or other civil unrest; (iv) actions, embargoes or blockades in effect on or after the Effective Date; (v) national or regional emergency; or (vi) epidemic or pandemic
(each of the foregoing, a “Force Majeure Event”). A Party whose performance is affected by a Force Majeure Event shall give notice to the other Party, stating the period of time the occurrence is expected to continue and shall use
diligent efforts to end the failure or delay and minimize the effects of such Force Majeure Event. 
 (b) During the Force Majeure Event,
the non-affected Party may similarly suspend its performance obligations until such time as the affected Party resumes performance. 

(c) The non-affected Party may terminate this Agreement if such failure or delay continues for a
period of [***] days or more and, if the non-affected Party is Service Recipient, receive a refund of any amounts paid to Service Provider in advance for the affected Services. 

ARTICLE IV 

PAYMENT 

Section 4.1 Fees. In consideration of the provision of the Services by Service Provider and the rights granted to Service
Recipient under this Agreement, Service Recipient shall pay fees equal to the actual out-of-pocket and internal costs of Services rendered actually incurred by Service
Provider [***]; provided that any Vendor Services (as defined in Schedule 2.1) that are provided to Service Recipient shall be charged to Service Recipient on a pass-through basis without any such markup [***]
(“Fees”). Payment to Service Provider of such Fees and the reimbursement of pre-approved expenses pursuant to this Article IV shall constitute payment in full for the
performance of the Services, and Service Recipient shall not be responsible for paying any other fees, costs or expenses.  

  
 10 

 Section 4.2 Billing and Payment Terms. 

(a) Service Provider shall invoice Service Recipient monthly (such invoice to set forth a description of the Services provided) for all
Services that Service Provider delivered during the preceding month, denominated in U.S. Dollars. Each such invoice shall be payable within [***] days after Service Recipient’s receipt of the invoice and payment of such invoices shall be made
by Service Recipient to Service Provider in U.S. Dollars. Any Service for which the foregoing process does not apply shall be invoiced by the Service Provider Party providing such Service to Service Recipient in accordance with a mutually agreed
timetable and in U.S. Dollars, and shall be paid by Service Recipient in accordance with such mutually agreed timetable and in U.S. Dollars. 

(b) If any undisputed invoice or undisputed line item of an invoice is not paid in full within [***] days after Service Recipient’s
receipt of the invoice pursuant to Section 11.3, interest shall accrue on the unpaid amount at a rate of [***] percent [***] per month or the highest rate permitted by applicable law, whichever is less, from the date such
amount is due until finally paid. Late fees are without any prejudice to, or modification of, any other remedies that Service Provider may have. 

(c) The Parties acknowledge that there may be a lag in the submission of charges from third parties relating to the provision of Services, and
that the Service Provider Parties shall use commercially reasonable efforts to obtain such third-party invoices, and to provide the same to Service Recipient, in a timely fashion. 

Section 4.3 Disputed Invoices. If Service Recipient, acting in good faith, disputes the accuracy of all or part of any invoice,
Service Recipient shall notify the applicable Service Provider Party of such dispute within [***] Business Days of receipt of the invoice in question, including the specific line item subject to dispute and the reasons for the dispute. 

Section 4.4 Taxes. 

(a) Except as expressly noted therein, the amounts set forth on the Service Schedules as the applicable consideration with respect to each
Service do not include any Taxes, duties, imposts, charges, fees or other levies of whatever nature assessed on the provision of the Services. All Taxes, duties, imposts, charges, fees or other levies imposed by applicable Law assessed on the
provision of the Services (other than income taxes or franchise taxes payable by Service Provider on the Fees received hereunder) shall be the responsibility of Service Recipient in addition to the Fees payable by Service Recipient in accordance
with Section 4.2. Service Recipient shall promptly reimburse Service Provider for any Taxes, duties, imposts, charges, fees or other levies (other than income taxes or franchise taxes payable by Service Provider on the Fees
received hereunder) imposed on Service Provider or which Service Provider shall have any obligation to collect with respect to or relating to this Agreement or the performance by Service Provider of its obligations hereunder, along with interest and
penalties related thereto to the extent such interest or penalties are related to the actions or inactions of Service Recipient. Such 

  
 11 

 
reimbursement shall be in addition to the amounts required to be paid as set forth on the applicable Service Schedule and shall be made in accordance with this Article IV. Service
Recipient agrees to use reasonable efforts to provide exemption certificates where available and to calculate any applicable sales and use Taxes and to make payment thereof directly to the appropriate taxing authority. 

(b) All payments by Service Recipient under this Agreement shall be made without set-off and without
any deduction or withholding for any Taxes, duties, imposts, charges or fees or other levies, unless the obligation to make such deduction or withholding is imposed by Law. In the event that applicable Law requires that an amount in respect of any
Taxes, duties, imposts, charges, fees or other levies be withheld from any payment by Service Recipient to Service Provider under this Agreement, the amount payable to Service Provider shall be increased as necessary so that, after Service Recipient
has withheld amounts required by applicable Law, Service Provider receives an amount equal to the amount it would have received had no such withholding been required, and Service Recipient shall withhold such Taxes, duties, imposts, charges, fees or
other levies and pay such withheld amounts over to the applicable governmental authority in accordance with the requirements of the applicable Law and provide Service Provider with a receipt confirming such payment. Service Provider shall reasonably
cooperate with Service Recipient to determine whether any such deduction or withholding applies to the payments hereunder, and if so, shall further reasonably cooperate to minimize applicable deduction or withholding. 

Section 4.5 No Offset. Except as mutually agreed by the Parties, in no event shall Service Recipient offset any amounts due
hereunder for its receipt of Services by amounts owed to Service Recipient by Service Provider Parties under this Agreement. 

ARTICLE V 

ACCESS TO NETWORKS AND PREMISES; 

DATA PRIVACY AND DATA SECURITY 

Section 5.1 Access to Networks. Each Party and its Affiliates may provide the other Party and its Affiliates with
access to such Party’s IT Assets via a secure method selected by such Party, as further described in the Data Sharing Agreement. 

Section 5.2 Access to Premises. Each Party shall ensure that when entering or within the other Party’s premises, all such
Party’s Personnel (including Permitted Subcontractors) must establish their identity to the satisfaction of security personnel and comply with all directions given by them, including directions to display any identification cards provided by
such other Party or to vacate the premises of such other Party. 
 Section 5.3 Data Privacy and Data Security. During the Term,
the terms of the Data Sharing Agreement shall apply with respect to the Parties’ compliance with data privacy and data security Laws and obligations. 

  
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 ARTICLE VI 

CONFIDENTIALITY 

Section 6.1 Confidential Information. The Receiving Party agrees: (a) not to disclose or otherwise make available the
Confidential Information of the Disclosing Party to any third party without the prior written consent of the Disclosing Party; provided, however, that the Receiving Party may disclose the Confidential Information
of the Disclosing Party to its Affiliates, and their officers, employees and legal advisors who have a “need to know,” who have been apprised of this restriction and who are themselves bound by nondisclosure obligations at least as
restrictive as those set forth in this Section 6.1; (b) to use the Confidential Information of the Disclosing Party only for the purposes of performing its obligations under this Agreement or to make use of the Services;
and (c) to promptly notify the Disclosing Party in the event it becomes aware of any loss or disclosure of any of the Confidential Information of Disclosing Party, with the Party disclosing such information or materials, the “Disclosing
Party,” and the Party receiving such information or materials, the “Receiving Party.” 
 Section 6.2
Disclosure in Compliance With Law. If the Receiving Party becomes legally compelled to disclose any Confidential Information, the Receiving Party shall provide: (a) prompt written notice of such requirements so that the Disclosing Party
may seek, at its sole cost and expense, a protective order or other remedy; and (b) reasonable assistance, at the Disclosing Party’s sole cost and expense, in opposing such disclosure or seeking a protective order or other limitations on
disclosure. If, after providing such notice and assistance as required herein, the Receiving Party remains required by Law to disclose any Confidential Information, the Receiving Party shall disclose no more than that portion of the Confidential
Information which the Receiving Party is legally required to disclose. 
 Section 6.3 Unauthorized Disclosures. The Receiving
Party shall immediately inform the Disclosing Party in the event that it becomes aware of the possession, use or knowledge of any of the Confidential Information by any Person not authorized to possess, use or have knowledge of the Confidential
Information and shall, at the request of the Disclosing Party, provide such reasonable assistance as is required by the Disclosing Party to mitigate any damage caused thereby. 

Section 6.4 Injunctive Relief. Each Party acknowledges that a breach by a Party of this
Article VI may cause the non-breaching Party irreparable damages, for which an award of damages would not be adequate compensation and agrees that, in the event of such breach
or threatened breach, the non-breaching Party will be entitled to seek equitable relief, including a restraining order, injunctive relief, specific performance and any other relief that may be available from
any court, in addition to any other remedy to which the non-breaching Party may be entitled at law or in equity. Such remedies shall not be deemed to be exclusive, but shall be in addition to all other
remedies available at law or in equity, subject to any express exclusions or limitations in this Agreement to the contrary. 

  
 13 

 ARTICLE VII 

DATA AND INTELLECTUAL PROPERTY 

Section 7.1 Ownership of Data and Intellectual Property. 

(a) Each Party retains the ownership and title to any and all of its data and Intellectual Property as of the Effective Date. This Agreement
is not intended to, and shall not, transfer or license any Intellectual Property from one Party to the other, except for the limited license rights as expressly set forth in Section 7.1(c) and
Section 7.1(d). 
 (b) All Intellectual Property created or developed by Service Recipient in connection herewith
shall be owned by Service Recipient. Except as otherwise mutually agreed by the Parties, any Intellectual Property created or developed by or on behalf of Service Provider Parties in connection herewith shall be owned by Service Provider. 

(c) Service Provider hereby grants to Service Recipient and to its Personnel, a non-exclusive, limited
license and right, during the Term, under the Intellectual Property (other than Trademarks) of Service Provider or its Affiliates, to use the embodiments of Intellectual Property provided by Service Provider to Service Recipient hereunder solely to
the extent necessary for the receipt, access and use of the Services. Notwithstanding the foregoing, Service Provider shall grant a license to Service Recipient and its Personnel beyond the Term on reasonable terms and conditions pursuant to a
Change Order. 
 (d) Service Recipient hereby grants to Service Provider, any Service Provider Affiliate or third party providing Services,
and each of their Personnel, a non-exclusive, limited license and right, during the Term, under the Intellectual Property (other than Trademarks) of Service Recipient and its Affiliates, to use the embodiments
of Intellectual Property provided by Service Recipient to Service Provider hereunder, solely to the extent necessary for the provision of the Services. 

(e) For the avoidance of doubt, nothing herein shall be construed as a license, assignment, or grant of any rights to either Party’s
Trademarks, and Service Recipient will not use Service Provider’s or its Affiliates’ Trademark, or otherwise identify Service Provider Parties in advertising, publicity or otherwise, in each case without obtaining Service Provider’s
prior written consent. 
 ARTICLE VIII 

INDEMNIFICATION 

Section 8.1 Indemnification by Service Recipient. Service Recipient shall defend, indemnify and hold harmless Service
Provider Parties and any of their Personnel, successors and permitted assigns (collectively, the “Service Provider Indemnitees”), from and against all Losses arising out of or resulting from any third-party claim, suit, action or
proceeding (each, a “Covered Action”), to the extent arising out of or resulting from: (a) Service Recipient’s material breach of any of its obligations under this Agreement or (b) the subject matter of this
Agreement, including the use of (or inability to use) the Services, except to the extent resulting from or arising out of Service Provider’s (i) gross negligence or willful misconduct or (ii) material breach of any of its obligations
under this Agreement. 

  
 14 

 Section 8.2 Indemnification by Service Provider. Service Provider shall defend,
indemnify and hold harmless Service Recipient, its Affiliates and its and their Personnel, successors and permitted assigns (collectively, the “Service Recipient Indemnitees”; and, together with Service Provider Indemnitees, the
“Indemnitees”), from and against any and all Losses arising out of or resulting from any third-party Covered Action, to the extent arising out of or resulting from Service Provider’s (i) gross negligence or willful
misconduct or (ii) material breach of any of its obligations under this Agreement. 
 Section 8.3 Indemnification
Procedures. In seeking indemnification hereunder, an Indemnitee shall promptly notify the Party providing indemnification (the “Indemnifying Party”) in writing of any Covered Action and cooperate with the Indemnifying
Party, at the Indemnifying Party’s sole cost and expense. The Indemnifying Party shall immediately take control of the defense and investigation of such Covered Action and shall employ counsel of its choice to handle and defend the same, at the
Indemnifying Party’s sole cost and expense. The Indemnifying Party shall not settle any Covered Action in a manner that adversely affects the rights of an Indemnitee without such Indemnitee’s prior written consent, which shall not be
unreasonably withheld or delayed. An Indemnitee’s failure to perform any obligations under this Section 8.3 shall not relieve the Indemnifying Party of its obligations under this Section 8.3,
except to the extent that the Indemnifying Party can demonstrate that it has been materially prejudiced as a result of such failure. The applicable Indemnitee may participate in and observe the proceedings at its own cost and expense. Subject to
Section 9.1, the rights and remedies of the Parties under this Agreement (including pursuant to Section 8.1 and Section 8.2) are cumulative and are not exclusive of any
rights or remedies which they would otherwise have hereunder or at law or in equity for any breach of this Agreement. 
 ARTICLE IX

 WARRANTIES, DISCLAIMER AND LIMITATION OF LIABILITY 

Section 9.1 Disclaimer of Warranties. EXCEPT AS EXPRESSLY SET FORTH IN THIS AGREEMENT, SERVICE PROVIDER HEREBY DISCLAIMS ALL
WARRANTIES, EXPRESS OR IMPLIED, WITH RESPECT TO THE SERVICES, OR OTHER OBLIGATIONS UNDER THIS AGREEMENT, INCLUDING ANY IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR OR SPECIFIC PURPOSE, DATA ACCURACY, QUIET ENJOYMENT AND NON-INFRINGEMENT. 
 Section 9.2 Limitation of Liability. 

(a) THE SERVICE PROVIDER PARTIES SHALL HAVE NO LIABILITY TO SERVICE RECIPIENT OR ANY THIRD PARTY FOR ANY DAMAGES (AS DEFINED HEREIN) ARISING
IN ANY MANNER OUT OF OR IN CONNECTION WITH THIS AGREEMENT, ITS PERFORMANCE OR BREACH HEREOF, OR INCIDENT TO SERVICE RECIPIENT’S OR ANY THIRD PARTY’S USE OF (OR ANY INABILITY TO USE) THE SERVICES OR ANY OTHER INFORMATION OR MATERIALS
PROVIDED TO SERVICE 

  
 15 

 
RECIPIENT HEREUNDER, WHETHER DIRECT, INDIRECT, INCIDENTAL, SPECIAL OR CONSEQUENTIAL (INCLUDING LOSS OF DATA, LOSS OF USE, CLAIMS OF THIRD PARTIES OR LOST PROFITS OR REVENUES OR OTHER ECONOMIC
LOSS BY SERVICE RECIPIENT OR ANY THIRD PARTY), WHETHER IN TORT (INCLUDING NEGLIGENCE AND STRICT LIABILITY), CONTRACT OR OTHERWISE, AND WHETHER OR NOT THE SERVICE PROVIDER PARTIES HAVE BEEN ADVISED OF OR OTHERWISE MIGHT HAVE ANTICIPATED THE
POSSIBILITY OF SUCH DAMAGES. 
 (b) IN NO EVENT WILL THE SERVICE PROVIDER PARTIES BE LIABLE HEREUNDER FOR AN AGGREGATE AMOUNT IN EXCESS OF
THE FEES PAID, ACCRUED OR PAYABLE PURSUANT TO THIS AGREEMENT IN THE [***] PRIOR TO THE DATE OF THE APPLICABLE CLAIM; PROVIDED, THAT IF [***] HAVE NOT ELAPSED SINCE THE EFFECTIVE DATE, SUCH TOTAL AGGREGATE LIABILITY WILL NOT EXCEED
[***] OF THE AVERAGE MONTHLY FEES PAID FOR THE ELAPSED PERIOD OF THE TERM. THE FOREGOING LIMITATION SHALL NOT APPLY TO DAMAGES RESULTING FROM A PARTY’S FRAUD, GROSS NEGLIGENCE OR WILLFUL MISCONDUCT. 

ARTICLE X 
 TERM
AND TERMINATION 
 Section 10.1 Term of Agreement and Services. Except as otherwise expressly set forth in this
Agreement, this Agreement shall become effective on the Effective Date and shall remain in force for a period of [***] months following the Effective Date. Not less than [***] days prior to the expiration date of this Agreement, the Parties shall
confer to determine in good faith whether the term of this Agreement or any Services hereunder should be extended for any period (such initial period and any extension thereof, collectively, the “Term”). 

Section 10.2 Termination. 

(a) Termination by Either Party. This Agreement or any Service provided hereunder, as applicable, may be terminated by either Party
(such Party, the “Terminating Party”) upon written notice to the other Party, if: 
 (i) the other Party
fails to perform or otherwise breaches a material provision of this Agreement and such failure or breach is not cured, to the reasonable satisfaction of the Terminating Party, within [***] days of written notice thereof; 

(ii) the other Party fails to perform or otherwise breaches a material provision of this Agreement, where such failure or
breach is substantially similar to a prior failure or breach by such other Party, unless, within [***] days of written notice of such subsequent failure or breach, such other Party has (x) cured such subsequent failure or breach to the
reasonable satisfaction of such Party (if such failure or breach is subject to cure) and (y) demonstrated, to such Party’s sole satisfaction, that such other Party has enacted remedial measures designed to prevent the failure or breach
from occurring again; 

  
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 (iii) the other Party makes a general assignment for the benefit of
creditors or becomes insolvent, or a receiver is appointed for, or a court approves reorganization or arrangement proceedings on, such Party; 

(iv) Service Provider Parties are prevented from performing this Agreement or any particular Service provided hereunder for a
period of at least [***] days by reason of the occurrence of any Force Majeure Event; provided that this Agreement may only be terminated under this Section 10.2(a)(iv) with respect to the affected Service; or

 (v) required by any Governmental Entity, upon [***] days’ notice or sooner if necessary; provided that,
in such circumstances, the Parties shall use commercially reasonable efforts to identify a reasonable alternative arrangement to provide the relevant Services sufficient for the purposes of Service Recipient. The applicable Party prevented by such
regulatory action shall bear the reasonable additional costs and expenses of the other Party arising as a result of such regulatory action. 

(b) Partial Termination by Service Recipient. Service Recipient may, on [***] days’ prior written notice to Service Provider,
terminate in whole or in part any Service (to the extent terminated, a “Terminated Service”). Any such termination notice shall include all other Services that are dependent upon the Terminated Services (e.g., a request to terminate
network services shall also include the termination of email services). Service Provider shall, within [***] days of receipt of Service Recipient’s written termination notice, notify in writing Service Recipient of (i) any affected
Dependent Services of the Terminated Service that were not included in Service Recipient’s written termination notice and (ii) any Additional Services that Service Provider may require as a result of the termination of such Terminated
Service. Service Recipient shall, within [***] days of receipt of Service Provider’s written notice, confirm to Service Provider in writing the termination of the Service and any and all Dependent Services listed in Service Provider’s
written notice; provided that if Service Recipient does not so confirm within the foregoing period, Service Recipient shall be deemed to have confirmed the termination of the Services and any and all Dependent Services listed in
Service Provider’s written notice. Any such Terminated Service shall be deleted from Schedule 2.1 (as applicable) and Service Provider Parties shall have no further obligation to provide, and Service Recipient shall
have no obligation to continue to use or pay for, any such Terminated Service. Any termination notice delivered by Service Recipient shall specify in detail the Services to be terminated, and the effective date of such termination. Upon receipt of a
written notice of termination of a Service, Service Provider Parties shall: (x) cease providing the applicable Terminated Service as of the termination date set forth in the notice; and (y) only invoice Service Recipient for (i) its
use of the applicable Terminated Service prior to the effective date of termination and (ii) any irrecoverable costs borne by the Service Provider in expectation of providing the applicable Terminated Service beyond such effective date of
termination; provided that if Service Recipient actually uses the applicable Terminated Service following the effective date of termination, Service Provider Parties shall invoice Service Recipient for such use, and Service Recipient
shall pay such invoice in accordance with this Agreement. 

  
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 Section 10.3 Effect of Termination. In the event that this Agreement is
terminated for any reason: 
 (a) Service Provider shall (i) provide reasonable cooperation and assistance to Service Recipient upon
Service Recipient’s written request and at Service Recipient’s expense in transitioning the Services to an alternate Service Provider and (ii) on a pro rata basis, repay all Fees and expenses paid in advance for any Services
which have not been provided. Service Recipient will pay Service Provider for the Services that have been properly performed through the date of termination. 

(b) Subject to the terms of the Data Sharing Agreement, each Party shall (i) return to the other Party all documents and tangible
materials (and any copies) containing, reflecting, incorporating or based on the other Party’s Confidential Information, (ii) permanently erase all of the other Party’s Confidential Information from its computer systems and
(iii) at the other Party’s request, certify in writing to the other Party that it has complied with the requirements of this clause; provided, however, that Service Recipient may retain copies of any
Confidential Information of Service Provider to the extent necessary to allow it to make full use of the Services. 
 (c) In no event shall
Service Recipient be liable for any Service Provider Personnel termination costs arising from the expiration or termination of this Agreement. 

(d) The rights and obligations of the Parties set forth in Section 1.1, Article IV,
Article VI, Article VII, Article VIII, Article IX, this Section 10.3, and Article XI will
survive any such termination or expiration of this Agreement. 
 ARTICLE XI 

MISCELLANEOUS 

Section 11.1 Interpretation. 

(a) For purposes of this Agreement, (i) the words “include,” “includes” and “including” shall be deemed to
be followed by the words “without limitation”; (ii) the word “or” is not exclusive; and (iii) the words “herein,” “hereof,” “hereby,” “hereto” and “hereunder” refer to this
Agreement as a whole. 
 (b) This Agreement shall be construed without regard to any presumption or rule requiring construction or
interpretation against the party drafting an instrument or causing any instrument to be drafted. 
 (c) Any capitalized term used in any
Schedule but not otherwise defined therein will have the meaning given to such term in this Agreement. 
 (d) When a reference is made to an
Article, Section or Schedule, such reference shall be to an Article, Section or Schedule of this Agreement unless otherwise indicated. 

  
 18 

 (e) Unless the context requires otherwise, words using the singular or plural number also
include the plural or singular number, respectively, the use of any gender herein shall be deemed to include the other genders and references to a Person are also to its permitted successors and assigns. 

(f) References to “Dollars” or “$” are to U.S. dollars. 

(g) References to “U.S.” are to the United States of America, including its territories and possessions. 

(h) References to any Law shall be deemed to refer to such Law as amended from time to time and to any rules or regulations promulgated
thereunder. 
 (i) Any reference to “days” means calendar days unless Business Days are expressly specified. 

(j) When calculating the period of time before which, within which or following which any act is to be done or step taken pursuant to this
Agreement, the date that is the reference date in calculating such period shall be excluded. If the last day of such period is a non-Business Day, the period in question shall end on the next succeeding
Business Day. 
 Section 11.2 SDA Provisions. The following provisions of the Separation and Distribution Agreement are hereby
incorporated by reference mutatis mutandis: Article IX (Dispute Resolution), Section 11.1 (Complete Agreement; Construction), Section 11.2 (Ancillary Agreements), Section 11.3 (Counterparts),
Section 11.7 (Waivers), Section 11.8 (Amendments), Section 11.9 (Assignment), Section 11.10 (Successors and Assigns), Section 11.13 (Subsidiaries), Section 11.15 (Title and
Headings), Section 11.18 (Specific Performance), Section 11.19 (Severability), and Section 11.20 (No Duplication; No Double Recovery). 

Section 11.3 Notices. All notices and other communications to be given to either Party under this Agreement shall be sufficiently
given for all purposes hereunder if in writing and delivered by hand, courier or overnight delivery service, or [***] days after being mailed by certified or registered mail, return receipt requested, with appropriate postage prepaid, or
electronically mailed (with a response confirming receipt), and shall be directed to the address set forth below (or at such other address for a Party as shall be specified in a notice given in accordance with this
Section 11.3): 
 To IP RemainCo: 

Adeia Inc. 
 3025 Orchard
Parkway 
 San Jose, California 95134 

Attention:     [•] 

Email:          [•] 

  
 19 

 with a copy (which shall not constitute notice) to: 

Skadden, Arps, Slate, Meagher & Flom LLP 

525 University Avenue 
 Palo
Alto, CA 94301 
 Attention:         Mike Ringler 

Email:              Mike.Ringler@skadden.com 

Skadden, Arps, Slate, Meagher & Flom LLP 

525 University Avenue 
 Palo
Alto, CA 94301 
 Attention:         Ken Kumayama 

Email:              Ken.Kumayama@skadden.com 

To Product SpinCo: 
 Xperi Inc.

 2190 Gold Street 
 San
Jose, CA 95002 
 Attention:         [•] 

Email:              [•] 

with a copy (which shall not constitute notice) to: 

Skadden, Arps, Slate, Meagher & Flom LLP 

525 University Avenue 
 Palo
Alto, CA 94301 
 Attention:         Mike Ringler 

Email:              Mike.Ringler@skadden.com 

Skadden, Arps, Slate, Meagher & Flom LLP 

525 University Avenue 
 Palo
Alto, CA 94301 
 Attention:         Ken Kumayama 

Email:              Ken.Kumayama@skadden.com 

Section 11.4 Third Party Beneficiaries. Except (i) as provided in Article VIII relating to Indemnitees, this Agreement
is solely for the benefit of, and is only enforceable by, the Parties and their permitted successors and assigns and should not be deemed to confer upon third parties any remedy, benefit, claim, liability, reimbursement, cause of Action or other
right of any nature whatsoever, including any rights of employment for any specified period, in excess of those existing without reference to this Agreement. 

Section 11.5 Governing Law. This Agreement and any dispute arising out of, in connection with or relating to this Agreement shall
be governed by and construed in accordance with the Laws of the State of Delaware, without giving effect to the conflicts of laws principles thereof. 

  
 20 

 Section 11.6 No Joint Venture or Partnership. The relationship between the
Parties is that of independent contractors. Nothing contained in this Agreement shall be construed as creating any agency, partnership, joint venture or other form of joint enterprise, employment or fiduciary relationship between the Parties, and
neither Party shall have authority to contract for or bind the other Party in any manner whatsoever. 
 [Remainder of page intentionally left
blank] 

  
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 IN WITNESS WHEREOF, the Parties have caused this Transition Services Agreement to be
duly authorized, executed and delivered, as of the Effective Date. 
  

			
	Adeia Inc.
		
	By:	 	 /s/ Keith Jones

		 	Name: Keith Jones
		 	Title: Chief Financial Officer
	
	Xperi Inc.
		
	By:	 	 /s/ Robert Andersen

		 	Name: Robert Andersen
		 	Title: Chief Financial Officer

  
 22

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