Document:

Exhibit 10.16

 

STOCK COMPENSATION RECHARGE AGREEMENT

 

This Stock Compensation
Recharge Agreement (this “Agreement”) is by and between Intel Corporation (“Intel”), a corporation
organized under the laws of Delaware, and each of its subsidiaries listed as executing this Agreement on the signature page and in
Annex B (each a “Subsidiary” and collectively the “Subsidiaries”). This Agreement is effective as
of the effective date specified with respect to each Subsidiary on the signature page or in Annex B (the “Effective Date”).
Intel and the Subsidiaries are each referred to as a “Party” and are collectively referred to as the “Parties.”

 

RECITALS

 

		A.	WHEREAS, Intel has established various stock incentive programs for the benefit of its employees
and the employees of the Subsidiaries;

 

		B.	WHEREAS, such programs include (i) the Employee Stock Purchase Plan, under which employees
can purchase Intel stock at a discounted price (“ESPP”), (ii) stock options under the Equity Incentive Plan (“Stock
Options”), and (iii) restricted stock units under the Equity Incentive Plan (“RSUs”);

 

		C.	WHEREAS, from time to time, Intel offers the ESPP and grants Stock Options and RSUs, and may
in the future offer or grant other forms of stock compensation, to Employees of the Subsidiaries, in order for the Subsidiaries to provide
incentives to attract and retain qualified employees (“Awards” and each an “Award” and the respective
equity securities of Intel underlying any particular Award shall hereinafter be referred to as the “Equity Securities”);

 

		D.	WHEREAS, in cases in which the Effective Date is earlier than the date this Agreement is executed,
the Parties wish to memorialize the arrangement, orally agreed to and consistent with the terms of this Agreement, that each Party has
understood, accepted, and in its conduct and statements acted in accordance with since the Effective Date; and

 

		E.	WHEREAS, Intel and the Subsidiaries wish to enter into this Agreement, which requires the
Subsidiaries to reimburse Intel for certain amounts relating to the Value of stock compensation provided to Employees in accordance with
this Agreement.

 

AGREEMENT

 

NOW, THEREFORE, in consideration
of the mutual covenants and promises set forth below, and for other good and valuable consideration, the adequacy and sufficiency of which
are hereby acknowledged, the Parties agree as follows:

 

		1.	Definitions.

 

In this Agreement the following terms shall have the meanings
set forth below:

 

	a.	“Employee” or “Employees” shall mean those employees of any Subsidiary
who have received stock compensation under the Plans or who may, from time to time, be eligible for the Plans in the future.

 

     

     

    

 

	b.	“Plan” or “Plans” shall refer to the ESPP, the Equity Incentive
Plan, any successors to either, and any other equity compensation plan that Intel adopts and makes available to compensate Employees.

 

	c.	“Recharge Amount” shall mean, unless otherwise agreed upon in writing between the Parties (i) with respect to a
stock purchase under the ESPP, if the Employee pays the purchase price directly to the Subsidiary, then the “Recharge Amount”
shall be the Value of the Equity Securities acquired at the time of purchase, but if the Employee pays the purchase price directly to
Intel, then the “Recharge Amount” shall be the Value of the Equity Securities acquired at the time of purchase, less the price
paid for the Equity Securities by the Employee, (ii) with respect to Stock Options, if the Employee pays the purchase price directly
to the Subsidiary, then the “Recharge Amount” shall be the Value of the Equity Securities exercised under such Stock
Options at the time of exercise, but if the Employee pays the purchase price directly to Intel, then the “Recharge Amount”
shall be the Value of the Equity Securities exercised under such Stock Options at the time of exercise, less the purchase price paid by
the Employee, and (iii) with respect to RSUs, the Value of the underlying Equity Securities on the vesting date. The Recharge Amount
shall also include any other fees, social security or similar employment taxes, withheld amounts, or other expenses directly related to
the Awards, as determined by Intel in its sole discretion.

 

	d.	“Value” shall have the same meaning as prescribed for fair market value in the relevant
Plan, or such other price as determined by the Parties.

 

		2.	Provision
of Stock Compensation.

 

Intel hereby acknowledges that it
has offered or granted, and in the future may offer or grant, Awards under the Plans to such Employees as Intel in its sole discretion
shall determine. Each Subsidiary shall be responsible for complying with the requirements, if any, of the laws of the Subsidiary’s
country in the performance of this Agreement.

 

		3.	Payment
of Recharge Amount and Other Costs Associated with Awards.

 

	a.	Each Subsidiary acknowledges that the offer or grant by Intel of stock compensation under the Plans and
the subsequent delivery and disposition of Equity Securities of Intel under the Plans are, and are intended by all Parties to be, compensation
to Employees for services performed for a Subsidiary and represent a valuable incentive that helps the Subsidiaries attract, motivate,
and induce continued service of Employees.

 

	b.	Each Subsidiary understands that it must pay Intel for providing stock compensation to Employees and hereby
agrees to pay to Intel the Recharge Amount with respect to any Awards. Such Recharge Amount will be due with respect to any Employee who
is employed by the relevant Subsidiary or former Employee who was most recently employed by the relevant Subsidiary at the time of the
stock purchase under the ESPP, exercise of a Stock Option, or vesting of an RSU, as applicable.

 

	c.	Unless otherwise agreed by the Parties, within sixty (60) days after Intel provides an intercompany charge
to the Subsidiary with respect to an Award, each Subsidiary shall pay to Intel the Recharge Amount, as determined pursuant to paragraph
c. of Section 1, as set forth in the notification pursuant to Section 4
below. In the event that any Plans provide for other forms of equity compensation in addition to stock purchases under the ESPP, Stock
Options, and RSUs, the Parties shall mutually agree to the Recharge Amount based on the methodology used for stock purchases under the
ESPP, Stock Options, and RSUs

 

    	Stock Compensation Recharge Agreement	Page 2 of 5	 

     

    

 

	d.	Except as may otherwise be agreed by the Parties hereto, all payments made under this Agreement shall
be made in United States Dollars. At the discretion of Intel, Intel may assess interest on amounts not timely paid under this Agreement
at the applicable federal short-term rate, compounding monthly, under section 1274(d) of the Internal Revenue Code of 1986, as amended,
from the date due until payment is made.

 

	e.	The amount of the payment described in paragraph b. of this Section 3 shall be subject to any adjustments
as shall be necessary to ensure compliance with the tax and other relevant foreign laws that apply to the applicable Subsidiary.

 

	f.	In the event that a Subsidiary is required under domestic law, rules or regulations to withhold taxes
upon paying the Recharge Amount to Intel, the payment to Intel shall be the Recharge Amount net any withheld amounts. Upon request, the
Subsidiary shall provide Intel with the certificate of tax withholding.

 

		4.	Notification
of Recharge Event.

 

At the end of each calendar month,
or such other period as may be mutually agreed, Intel shall notify the Subsidiaries of any event that obligates the Subsidiaries
to make a payment to Intel under Section 3 above, together with computations and supporting documentation detailing the amount of
the required payment.

 

		5.	No
Third-Party Beneficiaries.

 

This Agreement is entered into between
the Parties hereto for their exclusive mutual benefit. No person or entity shall be a third-party beneficiary under this Agreement.

 

		6.	Waiver.

 

No provision of, or a right created
under, this Agreement may be waived or varied except with the written consent of both Parties.

 

		7.	Term
and Termination.

 

This Agreement shall be effective as from the Effective
Date and shall continue to be effective until:

 

		a)	terminated by either Party upon giving written notice to the other Party not less than 30 days prior to
the date on which such termination is to become effective, provided however that Section 3 of this Agreement shall continue to be
effective with respect to any Awards issued prior to the date of termination of this Agreement; or

 

		b)	termination of all of the Plans, provided however, that this Agreement shall continue to be effective
with respect to any Awards granted prior to the date of termination of this Agreement and the Plans.

 

    	Stock Compensation Recharge Agreement	Page 3 of 5	 

     

    

 

		8.	Assignment.

 

This Agreement may not be assigned
by either Party without the prior written consent of the other Party, provided however, that Intel may, without the consent of the Subsidiaries,
assign this Agreement, in whole or in part, to any of its affiliates.

 

		9.	Independent
Entities

 

Each of the Parties to the Agreement
is an independent enterprise. No Party is, and nothing in this Agreement shall constitute any Party as, the employer, principal, agent
or partner of, or joint venture with, another Party.

 

		10.	Notice.

 

Every notice or other communication
relating to this Agreement shall be in writing, and shall be so posted, delivered or sent by electronic mail or facsimile to the Party
for whom it is intended at such address as may from time to time be indicated by it to the other Party.

 

		11.	Governing
Law.

 

This Agreement shall be governed by,
and construed in accordance with, the laws of the State of California and all applicable laws of the United States. The place of jurisdiction
for any suit, action or proceeding arising out of or in connection with this Agreement shall be the State of California.

 

		12.	Entire
Agreement.

 

This Agreement and the other related
agreements referred to herein (such as the Plans) set forth the entire agreement and understanding between the Parties. This Agreement
supersedes any prior agreement between the Parties with respect to the same subject matter. Any amendment or modification to this Agreement
shall be in writing and must be signed by both Intel and the Subsidiaries, except additional Intel subsidiaries can become additional
parties to this Agreement, and may add any additional terms to this Agreement (and such terms are incorporated herein by reference), by
executing a signature page substantially in the form of Annex A, attached hereto and incorporated herein by references, and numbered
as Annex B-1, Annex B-2, etc.

 

		13.	Headings
and Counterparts.

 

The headings in this Agreement are
inserted for convenience of reference only and are not intended to be a part of or affect the meaning or interpretation of this Agreement.
Additionally, this Agreement may be executed in one or more counterparts and by the Parties to it in separate counterparts of which when
executed each shall be an original but which shall together constitute one and the same agreement.

 

		14.	Reference
to Singular/Plural.

 

In this Agreement any reference to the singular shall include
the plural and vice versa.

 

    	Stock Compensation Recharge Agreement	Page 4 of 5	 

     

    

 

IN
WITNESS WHEREOF, the Parties have caused this Agreement to be executed by their duly authorized representatives on the date(s) set
forth below.

 

	Intel Corporation	 
	 	 
	 	 
	By:  	/s/ Sharon Heck	 
	 	Sharon Heck	 
	 	Corporate Vice President	 
	 	 
	Dated:  	11/4/2021	 

 

Subsidiaries

 

	 	 	 	 	 	 	Effective	 	 	 	 	 	 	 	Signature
	Company	 	Company Name	 	Jurisdiction	 	Date	 	Print Name	 	Title	 	Signature	 	Date
	607	 	Mobileye Vision Technologies Ltd.	 	Israel	 	8/8/2017	 	Amnon Shashua	 	Director	 	/s/ Amnon Shashua	 	11/09/21
	607A	 	Mobileye B.V.	 	Netherlands	 	8/8/2017	 	Tiffany Silva	 	Managing Director	 	/s/ Tiffany Silva	 	11/4/2021
	607B	 	Mobileye, Inc.	 	United States	 	8/8/2017	 	Amnon Shashua	 	Director	 	 	 	 
	607C	 	Mobileye Japan Ltd.	 	Japan	 	8/8/2017	 	Amnon Shashua	 	Director	 	/s/ Amnon Shashua	 	11/09/21
	607D	 	Mobileye Germany GmbH	 	Germany	 	8/8/2017	 	Amnon Shashua	 	Director	 	 	 	 
	629	 	Moovit App Global Ltd.	 	Israel	 	6/1/2020	 	Tiffany Silva	 	Director	 	/s/ Tiffany Silva	 	11/4/2021
	629B	 	Moovit, Inc.	 	United States	 	5/5/2020	 	Tiffany Silva	 	Secretary	 	 	 	 

 

    	Stock Compensation Recharge Agreement	Page 5 of 5Exhibit 10.17

 

LOAN AGREEMENT

 

LOAN AGREEMENT, dated as of April 21, 2022 (this
 “Agreement”), between Intel Overseas Funding Corporation, a Delaware corporation (the “Lender”),
and Cyclops Holdings Corporation, a Delaware corporation (the “Borrower”).

 

W I T N E S S E T H:

 

WHEREAS, the Borrower has determined to make a
pro rata dividend distribution to its sole stockholder, the Lender (the “Distribution”); and

 

WHEREAS, in furtherance of the Distribution, the
Borrower shall distribute to the Lender US $3,500,000,000 in the form of an intercompany term loan.

 

THEREFORE, the parties hereto agree as follows:

 

ARTICLE
I

 

DEFINITIONS

 

Section 1.01       
Definitions. The following terms shall have the meanings ascribed to them below or in the Sections of this Agreement indicated
below:

 

“Agreement” has the meaning
ascribed to such term in the preamble hereto.

 

“Borrowing Date” means April
21, 2022.

 

“Business Day” means any day
except a Saturday, Sunday or other day on which commercial banks in New York, NY are authorized by law to close.

 

“Dollar” or “US$”
means the lawful currency of the United States of America.

 

“Event of Default” has the meaning
ascribed to such term in Section 8.01.

 

“Governmental Authority” means
the government of the United States, or any other nation, or of any political subdivision thereof, whether state or local, and any agency,
authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing,
regulatory or administrative powers or functions of or pertaining to government.

 

“Loan” has the meaning ascribed
to such term in Section 2.01.

 

“Maturity Date” shall mean April
21, 2025.

 

“PIK Interest” has the meaning
ascribed to such term in Section 3.01.

 

“Subsidiary” means, with respect
to any person, any corporation, partnership, limited liability company, joint venture or other entity of which at least a majority of
the securities or other ownership interests having by the terms thereof ordinary voting power to elect a majority of the board of directors
or other persons performing similar functions of such corporation, partnership, limited liability company or other entity or otherwise
has the right to vote a majority of the voting shares of such corporation, partnership, limited liability company or other entity (irrespective
of whether or not at the time securities or other ownership interests of any other class or classes of such corporation, partnership,
limited liability company or other entity shall have or might have voting power by reason of the happening of any contingency) is at the
time directly or indirectly owned or controlled by such person or one or more Subsidiaries of such person.

 

     

    

    

 

ARTICLE
II

 

THE Loan

 

Section 2.01       
The Loan. (a) Subject to the terms and conditions hereof, the Borrower hereby agrees to pay the Lender an aggregate principal
amount of (i) US $3,500,000,000 plus (ii) all accrued and capitalized PIK Interest thereon which
shall constitute additional principal in accordance with Section 3.01(a) below (the “Loan”).

 

(b)              
The aggregate principal amount of the Loan (including all accrued and capitalized PIK Interest thereon) shall be payable to the
Lender, together with accrued and unpaid interest thereon, on or before the Maturity Date. The Borrower’s obligation to repay the
Loan shall be evidenced by this Agreement.

 

Section 2.02       
Optional Prepayment. Subject to Section 4.01, the Borrower shall have the right, at its option, on any Business Day, to
prepay the Loan in whole or in part, without premium or penalty. Each prepayment hereunder shall be accompanied
by interest on the principal amount of the Loan being prepaid to the date of prepayment.

 

ARTICLE
III

 

INTEREST

 

Section 3.01       
Interest(a). (a) The Borrower also promises to pay interest on the unpaid principal
amount of the Loan (including all accrued and capitalized PIK Interest thereon) at a per annum rate equal to 1.26%. All computations of
interest shall be made on the basis of a 360-day year, for the actual number of days elapsed in the relevant period (including the first
day but excluding the last day).

 

(b)              
Interest will be payable quarterly in cash in arrears on the last Business Day of each March, June, September and December (commencing
with June 30, 2022) and shall also be payable upon (x) any prepayment of the Loan (whether in whole or in part) to the extent accrued
on the amount being prepaid and (y) the Maturity Date; provided that prior to June 30, 2024, such interest shall be paid by being
automatically added to the outstanding principal amount of the Loan (“PIK Interest”) and such PIK Interest shall thereafter
constitute principal for all purposes of this Agreement.

 

    2

    

    

 

(c)              
After the occurrence and during the continuance of an Event of Default (as defined below), the Borrower shall pay interest on past
due amounts owing by it hereunder at a rate that is 2.00% per annum in excess of the rate of interest otherwise payable under this Agreement,
to the fullest extent permitted by applicable law.  Accrued and unpaid interest on such amounts (including interest on past due interest)
shall be due and payable upon written demand.

 

(d)              
In no event shall the amount of interest due or payable hereunder exceed the maximum rate of interest allowed by applicable law,
and in the event any such payment is inadvertently paid by the Borrower or inadvertently received by the Lender, then such excess sum
shall be credited as a payment of principal, unless the Borrower shall notify the Lender, in writing, that the Borrower elects to have
such excess sum returned to it. It is the express intent hereof that the Borrower not pay and that Lender not receive, directly or indirectly,
in any manner whatsoever, interest in excess of that which may be lawfully paid by the undersigned Borrower under applicable law.

 

ARTICLE
IV

 

PAYMENTS

 

Section 4.01       
Method of Payment. All payments hereunder shall be made to the Lender in lawful money of the United States in same day funds,
subject to Section 9.10, without deduction, set-off or counterclaim, at the office of the Lender on the date when due, or as otherwise
mutually agreed to by the Borrower and the Lender. If the Loan or any other amount due hereunder becomes due and payable on a day other
than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day, and interest shall be payable thereon
at the rate herein specified during such extension. Each payment made hereunder shall be credited first to
interest then due and the remainder of such payment shall be credited to principal, and interest shall thereupon cease to accrue upon
the principal so credited.

 

ARTICLE
V

 

REPRESENTATIONS AND WARRANTIES

 

Section 5.01       
Representations and Warranties. The Borrower represents and warrants to the Lender that:

 

(a)              
The Borrower is a duly incorporated and validly existing corporation in good standing under the laws of the jurisdiction of its
organization, (ii) the Borrower has the requisite corporate power and authority to execute, deliver and perform this Agreement and (iii)
each of the Borrower and its Subsidiaries is in compliance with all laws, orders, writs and injunctions, except, with respect to this
clause (iii), to the extent that failure to be so in compliance would not have a material adverse effect on the business, operations,
properties, assets, condition (financial or otherwise) of the Borrower and its Subsidiaries or the ability of the Borrower to comply with
its obligations under this Agreement (such a material adverse effect, a “Material Adverse Effect”).

 

    3

    

    

 

(b)              
All authorizations, consents, approvals, registrations, exemptions and licenses with or from governmental authorities which are
necessary for the borrowing hereunder, the execution and delivery of this Agreement and the performance by the Borrower of its obligations
hereunder have been effected or obtained and are in full force and effect.

 

(c)              
This Agreement constitutes the duly authorized, legally valid and binding obligation of the Borrower, enforceable against the Borrower
in accordance with its terms, subject to the effect of any applicable laws relating to bankruptcy, reorganization, insolvency, moratorium,
fraudulent conveyance or preferential transfers, or similar laws relating to or affecting creditors’ rights generally and subject
to the effect of general principles of equity (regardless of whether such enforceability is considered in a proceeding at law or in equity).

 

(d)              
The execution, delivery and performance by the Borrower of this Agreement does not and will not (i) contravene or violate
any provision of any law, rule, regulation, order, writ, judgment, injunction, decree, determination or award presently in effect and
applicable to the Borrower or any of its Subsidiaries, or any property of the Borrower or any of its Subsidiaries, or (ii) violate the
Borrower’s organizational documents or the organizational documents of any of its Subsidiaries.

 

ARTICLE
VI 

 

CONDITIONS TO EFFECTIVENESS

 

Section 6.01       
Conditions to Effectiveness. This Agreement shall be effective upon execution by each of Borrower and the Lender.

 

ARTICLE
VII

COVENANTS

 

Section 7.01       
Affirmative Covenants. Until repayment in full of the Loan and performance of all other obligations of the Borrower hereunder,
and unless otherwise amended by the Lender in accordance with Section 9.03, the Borrower shall:

 

(a)              
Notify the Lender promptly after the discovery by any officer of the Borrower of the occurrence of (i) any Event of Default, or
any event which with the giving of notice or lapse of time, or both, would constitute an Event of Default; (ii) any material litigation
or proceedings that are instituted against the Borrower or its Subsidiaries or any of their respective assets; and (iii) any other development
in the business or affairs of the Borrower or its Subsidiaries which could have a Material Adverse Effect; in each case describing the
nature thereof and the action the Borrower proposes to take with respect thereto;

 

(b)              
Pay and discharge, and cause each of its Subsidiaries to pay and discharge, all material taxes, assessments and governmental charges
upon it, its income and its properties prior to the date on which penalties are attached thereto, unless and to the extent only that such
taxes, assessments and governmental charges shall be contested in good faith and by appropriate proceedings by the Borrower or such Subsidiary,
as the case may be, and that the Borrower or such Subsidiary shall have set aside on its books adequate reserves therefor;

 

    4

    

    

 

(c)              
Maintain its existence, and qualify and remain qualified to do business in each material jurisdiction in which the character of
the properties owned or leased by it therein or in which the transaction of its business makes such qualification necessary and cause
each of its material Subsidiaries so to do;

 

(d)              
Comply with the requirements of all agreements, contracts, laws and all orders, writs, injunctions and decrees applicable to it
or to its business or property, except if the failure to comply therewith could not reasonably be expected to have, individually or in
the aggregate, a Material Adverse Effect;

 

(e)              
Not directly or indirectly convey, sell, lease, transfer or otherwise dispose of, in one transaction or a series of transactions,
all or a substantial part of its business assets to any person or entity other than a Subsidiary, without the express written consent
of the Lender; and

 

(f)               
Not directly or indirectly make any distribution or similar payment to the direct or indirect holders of its equity interests (i)
if at the time proposed for such payment an Event of Default has occurred and is continuing (or would result therefrom); or (ii) if at
the time proposed for such payment any accrued and unpaid interest or other amounts due and payable (including any outstanding principal
that is then due and payable) remain outstanding under this Agreement, without the express written consent of the Lender.

 

ARTICLE
VIII

 

EVENTS OF DEFAULT

 

Section 8.01       
Events of Default. If one or more of the following events (each, an “Event of Default”) shall occur:

 

(a)              
The Borrower fails to pay any amount of principal under this Agreement when due and payable;

 

(b)              
The Borrower fails to pay any amount of interest or any other amount required to be paid under this Agreement when due and payable
and such default shall have continued unremedied for a period of five Business Days;

 

(c)              
The Borrower fails to perform or observe any term, covenant or agreement contained in this Agreement, and such default shall have
continued unremedied for a period of 30 days after any officer of the Borrower becomes aware of such default;

 

(d)              
Any representation or warranty made by the Borrower herein or any statement or representation made in any certificate, report or
opinion delivered in connection herewith shall prove to have been incorrect or misleading in any material respect when made;

 

(e)              
Any obligation of the Borrower (other than its obligations hereunder) for the payment of borrowed money in excess of US $10,000,000
is not paid when due or becomes or is declared to be due and payable prior to the expressed maturity thereof, or there shall have occurred
an event which, with the giving of notice or lapse of time, or both, would cause any such obligation to become, or allow any such obligation
to be declared to be, due and payable;

 

    5

    

    

 

(f)               
The Borrower or any material Subsidiary makes an assignment for the benefit of creditors, files a petition in bankruptcy, is adjudicated
insolvent or bankrupt, petitions or applies to any tribunal for any receiver of or any trustee for the Borrower or any Subsidiary or any
substantial part of its property, commences any proceeding relating to the Borrower or any Subsidiary under any reorganization, arrangement,
readjustment of debt, dissolution or liquidation law or statute of any jurisdiction, whether now or hereafter in effect, or there is commenced
against the Borrower or any Subsidiary any such proceeding which remains undismissed for a period of 30 days, or the Borrower or any Subsidiary
by any act indicates its consent to, approval of or acquiescence in any such proceeding or the appointment of any receiver of or any trustee
for the Borrower or any Subsidiary or any substantial part of its property, or suffers any such receivership or trusteeship to continue
undischarged for a period of 60 days;

 

(g)              
there is entered against the Borrower or any Subsidiary of the Borrower a final judgment or order for the payment of money in an
aggregate amount exceeding $100,000,000 and such judgment or order shall not have been satisfied, vacated, discharged or stayed or bonded
pending an appeal for a period of 60 consecutive days; or

 

(h)              
this Agreement, at any time after its execution and delivery and for any reason other than as expressly permitted hereunder or
the satisfaction in full of all the obligations hereunder, ceases to be in full force and effect; or the Borrower or any Subsidiary of
the Borrower contests in writing the validity or enforceability of any provision of this Agreement; or the Borrower denies in writing
that it has any or further liability or obligation under this Agreement (other than as a result of repayment in full of the obligations
hereunder), or purports in writing to revoke or rescind this Agreement (other than in accordance with its terms);

 

then upon the happening of any of the foregoing Events of Default which
shall be continuing, the Loan shall become and be immediately due and payable upon written declaration to that effect delivered by the
Lender to the Borrower; provided that upon the happening of any event specified in subsection (f) of this Section 8.01, the Loan
shall be immediately due and payable without declaration or other notice to the Borrower. The Borrower expressly waives any presentment,
demand, protest or other notice of any kind.

 

No failure or delay on the part of Lender to exercise any right, power
or privilege under this Agreement and no course of dealing between the Lender and the Borrower shall impair such right, power or privilege
or operate as a waiver of any default or an acquiescence therein, nor shall any single or partial exercise of any such right, power or
privilege preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The rights and remedies
expressly provided in this Agreement are cumulative to, and not exclusive of, any rights or remedies that the Lender would otherwise have.
No notice to or demand on the Borrower in any case shall entitle the Borrower to any other or further notice or demand in similar or other
circumstances or constitute a waiver of the right of the Lender to any other or further action in any circumstances without notice or
demand.

 

    6

    

    

 

ARTICLE
IX

 

MISCELLANEOUS

 

Section 9.01       
APPLICABLE LAW. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

 

Section 9.02       
Expenses. The Borrower agrees to pay all out-of-pocket expenses incurred by the Lender, including reasonable fees and disbursements
of counsel, in connection with the enforcement of this Agreement.

 

Section 9.03       
Amendments. Any provision of this Agreement may be amended or waived only if such amendment or waiver is in writing and
is signed by the Borrower and the Lender.

 

Section 9.04       
Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the Borrower and the Lender and
their respective successors and assigns, except that the Borrower may not assign any of its rights hereunder without the written consent
of the Lender.

 

Section 9.05       
Cumulative Rights and No Waiver. Each and every right granted to the Lender hereunder or under any other document delivered
hereunder or in connection herewith, or allowed it by law or equity, shall be cumulative and may be exercised from time to time. No failure
on the part of the Lender to exercise, and no delay in exercising, any right will operate as a waiver thereof, nor will any single or
partial exercise by the Lender of any right preclude any other or future exercise thereof or the exercise of any other right.

 

Section 9.06       
Consent to Jurisdiction. Any judicial proceeding brought against the Borrower with respect to this Agreement may be exclusively
brought in the courts of the State of New York, and any appellate court from any thereof, and, by its execution and delivery of this Agreement,
the Borrower (a) accepts, generally and unconditionally, the jurisdiction of such courts and irrevocably agrees to be bound by any judgment
rendered thereby and (b) irrevocably waives any objection it may now or hereafter have as to the venue of any suit, action or proceeding
brought in such a court or that such court is an inconvenient forum. The Borrower consents that service of process upon it may be made
by certified or registered mail, return receipt requested, at its address specified or determined in accordance with the provisions of
Section 9.08 and service so made shall be deemed completed when received. Nothing herein shall affect the right to serve process in any
other manner permitted by law or shall limit the right of the Lender to bring proceedings against the Borrower in the courts of any other
jurisdiction.

 

Section 9.07       
Waiver of Trial by Jury. THE BORROWER AND THE LENDER HEREBY IRREVOCABLY AGREE TO WAIVE THEIR RESPECTIVE RIGHTS TO A JURY
TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS AGREEMENT OR ANY DEALINGS BETWEEN THEM RELATING TO THE SUBJECT
MATTER OF THIS AGREEMENT AND THE LENDER/BORROWER RELATIONSHIP THAT IS BEING ESTABLISHED.  THIS WAIVER IS IRREVOCABLE, MEANING
THAT IT MAY NOT BE MODIFIED EITHER ORALLY OR IN WRITING, AND THIS WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS
OR MODIFICATIONS OF THIS AGREEMENT. 

 

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Section 9.08       
Notices. All notices or other communications hereunder shall be deemed to have been duly given and made if in writing (including
email communication) and if served by personal delivery upon the party for whom it is intended, if delivered by registered or certified
mail, return receipt requested, or by an international courier service, or if sent by email; provided that confirmation of successful
transmission is received, to the person at the following address:

 

	If to the Borrower, at:	c/o Intel Corporation
	 	2200 Mission College Boulevard
	 	Mail Stop RNB4-151
	 	Attention:	Corporate Legal Group
	 	Email:	****

 

	If to the Lender, at:	c/o Intel Corporation
	 	2200 Mission College Boulevard
	 	Mail Stop RNB4-151
	 	Attention:	Corporate Legal Group
	 	Email:	****

 

or to such other address as either party may specify by written notice
to the other party.

 

Section 9.09       
Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, and
all of which shall constitute one and the same agreement and shall become effective when one or more counterparts have been signed by
each of the parties and delivered to the other party, it being understood that both parties need not sign the same counterpart.

 

Section 9.10       
Tax Matters(a). (a) The parties shall cooperate and produce on a timely basis any tax forms or reports reasonably requested
by the other party in connection with any payment made by the Borrower to the Lender under this Agreement. Each party shall provide reasonable
cooperation to the other party, at the other party’s expense, in connection with any official or unofficial tax audit or contest
relating to payments made by the Borrower to the Lender under this Agreement.

 

(b)              
In addition, in the event any of the payments made by the Borrower pursuant to Section 4.01 become subject to withholding taxes
under the laws of any jurisdiction, the Borrower shall deduct and withhold the amount of such taxes for the account of the Lender to the
extent required by law, such payment to the Lender shall be reduced by the amount of taxes deducted and withheld, and the Borrower shall
pay the amount of such taxes to the proper Governmental Authority in a timely manner and promptly transmit to the Lender an official tax
certificate or other evidence of such tax obligations, together with proof of payment from the relevant Governmental Authority of all
amounts deducted and withheld sufficient to enable the Lender to claim such payment of taxes. The Borrower will provide the Lender with
reasonable assistance to enable the Lender to recover such taxes as permitted by law.

 

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Section 9.11       
Assignments. The Borrower may not assign any of its rights or obligations hereunder without the prior written consent of
the Lender. The Lender may transfer or otherwise assign its rights and obligations under this Agreement to any affiliate of the Lender.

 

Section 9.12       
Severability. In case any one or more of the provisions contained in this Agreement shall be invalid, illegal or unenforceable
in any respect under any law, the validity, legality and enforceability of the remaining provisions contained herein shall not in any
way be affected or impaired thereby.

 

Section 9.13       
Interpretation. The Article and Section headings contained in this Agreement are solely for the purpose of reference, are
not part of the agreement of the parties and shall not in any way affect the meaning or interpretation of this Agreement.

 

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

 

	Borrower  	 	Lender
	 	 	 
	CYCLOPS HOLDING
    CORPORATION	 	INTEL OVERSEAS
    FUNDING CORPORATION
	 	 	 
	By:	/s/
    Sharon Lynn Heck	 	By:	/s/
    Tiffany Doon Silva
	 	Sharon
    Lynn Heck	 	 	Tiffany
    Doon Silva
	 	President
           	 	 	Director  

 

SIGNATURE PAGE TO LOAN
AGREEMENT

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