Document:

Turbo Codes License Agreement

 Exhibit 10.10 
 France Telecom / Sequans 
  
 Turbo codes license agreement 
 This Agreement (defined below) is made on
November 1st, 2006 (hereinafter Effective Date) by
and among 
 France Telecom (hereinafter “France Telecom”) a company existing and organized under the French law, registered in
the French Business Office with the number PARIS B 380 129 866, having offices at France Telecom R&D, 38 rue du Général leclerc, 92794 Issy les Moulineaux, France 
 Acting for itself and on behalf of 
  

	 	•	 	 Groupe des ecoles des telecommunications (hereinafter “GET”), a French public organisation, organized and existing under the laws of
France and having its principal place of business at 46, rue Barrault, FR-75013, Paris 

  

	 	•	 	 Telediffusion de France, (hereinafter “TDF”), a company existing and organized under the French law, registered in the French Business
Office with the number PARIS B 342 404 399, having its principle business address 10 rue d’Oradour sur Glane, 75015 Paris. 

 Collectively designated as “Licensor”  
 AND 

Sequans Communications, a company incorporated under the laws of France, having offices located at Bâtiment Citicenter, 19 Le Parvis de La
Défense, La Défense Cedex, 92073 Paris France 
 Hereinafter designated as
“Licensee” 
 WHEREAS France Telecom, GET and TDF are owners of a patent portfolio covering turbo codes technology. 

WHEREAS France Telecom, GET, and TDF have decided to grant licenses of these patents under a common, fair and non-discriminatory licensing program.

 WHEREAS the Licensee is interested in obtaining a license of such patents. 
 WHEREAS France Telecom has been duly authorised to sign such Agreement by TDF and GET and to represent their interest for the purposes of this Agreement. 

For and in consideration of the covenants herein contained as well as other good and valuable considerations the receipt and sufficiency of which is
hereby acknowledged, it is covenanted and agreed by and between the parties hereto that: 
 Article I 

Definitions, rules of construction 
 Section 1.1 – Definitions 
 Except as otherwise specified or as the context
may otherwise require, in addition to the capitalized terms defined elsewhere herein, the following terms shall have the respective meanings set forth below whenever used in this Agreement: 
 1.1.1 “Affiliate” shall mean, with respect to any person, any other person who, directly or indirectly, owns or controls, or is owned or controlled by, or is under common control with, the
specified person. For purposes of this definition, the term control (including, with correlative meanings, controlling, controlled by, and under common control with) as applied to any person, means holding ownership of, or the right to vote, more
than fifty percent of the voting stock or ownership interest entitled to elect a board of directors or a comparable managing authority. 
 1.1.2
“Agreement” shall mean this license agreement, as the same may be modified, amended or supplemented from time to time. 

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 1.1.2a “Basestation Equipment” shall mean substantially fixed equipment for generating and
receiving multiple user signals simultaneously and for exchanging the information associated with those signals with a network. 
 1.1.3 “Semi-Annual Period” shall mean any period of a maximum 6 months ending on June 30th and on December 31st; the first Semi-Annual Period shall start on the Effective Date. 

1.1.4 “Confidential Information” shall mean information relating to the business, products or services of a party to this Agreement which is
either non-public, confidential or proprietary in nature; provided, however, that Confidential Information shall not include (i) information which has come within the public domain through no fault or action of the other party;
(ii) information that was known to the other party on prior to its disclosure hereunder or in connection with the negotiation of this Agreement; or (iii) information which becomes rightfully available to the other party on a
non-confidential basis from any third party, the disclosure of which to such other party does not violate any contractual or legal obligation the third party has to the first party with respect to such Confidential Information. Without limiting the
generality of the foregoing, Confidential Information shall include information which relates to products and their manufacture, sale or use, including financial statements, costs and expense data, marketing and consumer data, production data,
know-how, and trade secrets. 
 1.1.5 “Licensed Patents” shall mean all patents as listed in exhibit 1. 

1.1.6 “Licensed Applications” shall mean any Wireless applications of the Licensed Patents compliant with at least one of the 802.16 Standards.

 1.1.7 “Wireless” shall mean, as applied to network equipment or end-user terminals, that such equipment and end-user terminals use
a non-physical connection to communicate with each other, including electromagnetic waves (radio, infrared, laser, or visible light) or acoustic energy, rather than wire conductors for telecommunications. 

1.1.8 “802.16 Standards” shall mean the telecommunications standard 802.16 as defined and published by IEEE (Institute of Electrical
and Electronics Engineers) including all annexes, attachments and future evolutions and variations of the 802.16 Standards, as well as local adaptations thereof. Included in the definition of 802.16 Standards is the South Korean
telecommunications standard called WiBro. 
 1.1.9 “Licensors” shall mean France Telecom acting for itself and as duly authorized to
act on the behalf of TDF and GET. 
 1.1.10 “Software” shall mean software processing a digital signal in accordance with the Licensed
Patents and a process claimed by at least one of the Licensed Patents claims. 
 1.1.11 “Licensed ASIC” shall mean any application
specific integrated circuit processing a digital signal in accordance with the Licensed Patents and a process claimed by at least one of the Licensed Patents claims and only for Licensed Applications. 

1.1.12 “FPGA” shall mean any programmable device with an internal array of logic blocks, surrounded by a ring of programmable input/output
blocks, connected together via programmable interconnect. 
 1.1.13 “Licensed FPGA” shall mean any FPGA embedding a Software and only
for Licensed Applications. 
 1.1.14 “Improvement” shall mean any new patent that would infringe any patent of the Licensed Patents.

 1.1.15 “Territories” shall mean any territory where a patent and/or patent application included in the Licensed
Patents is pending and / or is granted as mentioned in exhibit 2. Territories shall not include any country or region which is merely designated as a state under a PCT application, unless and until national phase entry of such PCT application into
such state is made. The list of Territories will be updated and notification given by the Licensors before
January 31st, of each calendar year with such list
being applicable for the entire calendar year. If the list is not updated according to the process above, then the previous list of Territories shall remain applicable. 
 1.1.16 “Source Code” shall mean any Software in human readable form such as is normally used to enable modifications to be made to it (including, but not limited to, comments and procedural code
such as job 

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control language and scripts to control compilation and installation) together with the software documentation necessary for use of such Source Code. 

1.1.17 “Image” shall mean a structured file containing, non-editable, machine instructions and data which can be loaded onto a FPGA.

 1.1.18 “Licensed Image” shall mean any Licensee designed and branded Image that when loaded onto a FPGA for use in basestation
equipment processes a digital signal in accordance with the Licensed Patents and a process claimed by at least one of the Licensed Patents claims and only for Licensed Applications. 
 1.1.19 “Licensed Customer” shall mean any customer of Licensee which has entered a Licensed Customer Agreement. 
 1.1.20 “Licensed Customer Agreement” shall mean an agreement between Licensee and Customer to purchase, rent, lease, acquire, or import even without compensation Licensed Images soley for use
only in Basestation Equipment designed, made (or made for) and branded by the Licensed Customer 
 1.1.21 “Sale ( Sold )” shall mean
any sale, rental, lease, exportation even without any compensation, or other form of distribution of a product in a Territory. 
 1.1.22
“Parties” shall mean both Licensors and Licensee to this Agreement.  
 Section 1.2 – Rules of
construction 
 In this Agreement, unless the context otherwise requires: 

 

	 	•	 	 words denoting singular number shall include the plural number also and vice-versa; 

 

	 	•	 	 references to masculine include the feminine and the neuter, 

 

	 	•	 	 headings have been included for convenience only and shall not be used in construing any provision herein. 

Article 2 

Grant of license 

Section 2.1 – Grant of license 

Licensors hereby grant, subject to the terms and conditions of this Agreement, to Licensee a royalty-bearing, non-exclusive license of the Licensed
Patents in the Territories: 
 a ) To make, have made (subject to Section 2.3 below), use, Sell, or otherwise distribute
Licensed ASICs for Licensed Applications 
 b) To make, have made (subject to Section 2.3 below), Sell, or otherwise
distribute Licensed Images for Licensed Applications in Basestation Equipment to Licensed Customer soley under a Licensed Customer Agreement. No rights of use for other than Licensed Applications, or for Licensed Applications using an Image
sold or manufactured by another party, are granted herein. Licensee agrees that as a condition of granting such limited right of use to a Licensed Customer by whatever means, it shall make such Licensed Customer aware of such limited right of use,
and prominently place in (i) any sales, purchase or transfer agreement related to such Licensed Image, (ii) in the Source Code of the Software (if applicable), and (iii) in technical and other documentation of such Licensed
Image, the following notice: 
 “NOTICE OF RESTRICTION ON USE: “SUPPLY OR PURCHASE OF THIS IP CORE/SOFTWARE
DOES NOT IN ANY WAY CONVEY OR CONFER A LICENSE, NOR CONFER ANY RIGHTS OF ANY KIND UNDER ANY PATENTS (RELATING TO TURBO CODING/DECODING OR OTHERWISE) OWNED BY FRANCE TELECOM, TDF OR GET, WITH THE SOLE EXCEPTION OF PROVIDING A LIMITED RIGHT OF USE
UNDER THE US PATENT 5,446, 747 (AND ANY PATENT FROM WHICH US PATENT 5,446,747 CLAIMS PRIORITY, OR WHICH CLAIMS PRIORITY THERETO) FOR ONLY IEEE 802.16 (WiMAX) AND WiBro APPLICATIONS AND WITH
AN IMAGE SOLD BY SEQUANS FOR USE IN BASESTATION EQUIPMENT. NO RIGHTS OF USE FOR OTHERS APPLICATIONS, OR FOR IEEE 802.16 and WiMAX APPLICATIONS
USING AN IMAGE SOLD, DISTRIBUTED OR MANUFACTURED BY ANOTHER PARTY, ARE PROVIDED HEREIN. IF YOU ARE 

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UNSURE ABOUT THE SCOPE OF THESE RESTRICTIONS, OR FOR INFORMATION ABOUT THE TURBO CODES LICENSING PROGRAM, PLEASE CONTACT FRANCE TELECOM AT THE FOLLOWING ADDRESS: FRANCE TELECOM R&D –
PIV/TURBOCODES 38, RUE DU GENERAL LECLERC 92794 ISSY MOULINEAUX CEDEX 9” 
 Section 2.2 – Sublicenses to Affiliates

 2.2.1 The license granted herein does not include the right to sublicense the rights granted under Article 2 of this Agreement even to an
Affiliate of the Licensee. 
 Section 2.3 – Have made rights 
 2.3.1 According to section 2.1 a) of this Agreement, Licensee shall have the right to have third parties make Licensed ASICs for Licensee under the following two (2) cumulative conditions:

  

	 	•	 	 If a Licensed ASIC is to be sold, used, or otherwise distributed, by or for the Licensee under the trademark, tradename or other commercial indicia of
the Licensee, although such Licensed ASIC may be co-branded with the trademarks, trade names, or other commercial indicia of the customer, manufacturer, reseller or distributor of such Licensed ASIC. 

 

	 	•	 	 If a Licensed ASIC is made using design specifications or manufacturing drawings predominantly supplied by or for the Licensee; provided, however, that
such third party manufacturing such Licensed ASIC may utilize standard cell libraries and the like in manufacturing such Licensed ASIC for Licensee. For purposes of clarification, a Licensed ASIC will be considered to be made using design
specification or manufacturing drawings predominantly supplied by or for Licensee where such Licensed ASIC is directly based on and developed from an overall design specification which is created by Licensee (but portions of such specification may
be designed and provided by third parties). 

 2.3.2 According to sections 2.1 b) of this Agreement, Licensee shall have the
right to have third parties implement an Image into a FPGA and to have it embedded in any type of basestation equipment under the following two (2) cumulative conditions: 

 

	 	•	 	 If a Licensed Image is to be sold, used, or otherwise distributed, by or for the Licensee under the trademark, tradename or other commercial indicia of
the Licensee. 

  

	 	•	 	 If a Licensed Image is made using design specifications or manufacturing drawings predominantly supplied by or for the Licensee For purposes of
clarification, a Licensed Image will be considered to be made using specification predominantly supplied by or for Licensee where such Licensed Image is directly based on and developed from an overall specification which is created by Licensee (but
portions of such specification may be designed and provided by third parties). 

 2.3.3 Such third parties shall receive no
licence, sublicense or implied license with respect to this Agreement, and the duration of have made rights granted under this provision shall not extend beyond the term of this Agreement, including any termination thereof. 

Section 2.4 – Limitation of rights 
 2.4.1 No other rights, even implied, are granted herein, other than those mentioned in section 2.1, 2.2 and 2.3 under this Agreement, especially: 

 

	 	•	 	 For any other application than Licensed Applications. 

 

	 	•	 	 For wireline applications and for storage applications. 

 

	 	•	 	 Rights to sublicense any rights granted hereunder. 

  

	 	•	 	 Rights to sell or otherwise distribute Licensed FPGA on a stand-alone basis. 

2.4.2 No rights, duties or privileges of Licensee hereunder shall be transferred or assigned by Licensee, except in connection with Licensee’s
merger with or sale of its entire business to another entity provided that such entity shall first have agreed in writing with Licensors to perform all Licensee’s obligations and duties of this Agreement. 

Article 3 

Royalty and payments 

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 Section 3.1 – Initial fees 
 Within four (4) weeks after the Effective Date, Licensee shall pay to Licensors an initial fee of 10 000 € for the administration of this Agreement. 

Section 3.2 – Running Royalties 

3.2.1 Licensee shall pay to Licensors a running royalty throughout the term of this Agreement as mentioned in exhibit 3 for: 

 

	 	•	 	 each Sale of a Licensed ASIC 

  

	 	•	 	 each Sale of a Licensed Image 

 3.2.2 For the purpose of timing of payments, a Licensed ASIC or equipment embedding a Licensed FPGA shall be considered Sold when invoiced; or if it not invoiced, when delivered or otherwise disposed of.

 3.2.3 Within thirty days after the end of each Semi-Annual Period, Licensee shall deliver to Licensors a report as defined in section 3.2.4
of this Agreement with a payment for royalties therein. 
 3.2.4 Reports shall be certified by Licensee’s chief financial officer (or the
officer’s designate), and shall detail: 
  

	 	•	 	 The quantity of Licensed ASICs sold by the Licensee 

  

	 	•	 	 The quantity of Licensed Image 

 Section 3.3 – Payment procedure 
 3.3.1. Any price quoted in this Agreement is
exclusive of any local fees, taxes, duties, and charges of any kind, including Value Added Tax (VAT) or any comparable tax, which may be due under this Agreement. 
 3.3.2. Licensee shall pay to the relevant tax administration under the applicable legislation, any local fees, taxes, duties, and charges of any kind, including Value Added Tax (VAT) and withholding taxes
or any comparable tax in order to ensure that the net amounts which Licensors are otherwise entitled under this Agreement as if the taxes did not exist. 
 3.3.3. It is expressly agreed between the Parties that any above mentioned tax paid by Licensor shall be reimbursed by Licensee in euros within thirty (30) days after the receipt of any related
reimbursement claim and/or invoice sent by Licensors. 
 3.3.4. Licensors shall communicate any necessary document or information reasonably
requested by Licensee so that Licensee can have the benefit, if any, of any reduced rate or tax exemption in the case of a double tax treaty. 

3.3.5. Licensee shall communicate to Licensors, as soon as possible, any document duly executed by the competent Tax Authority in the case of any
withholding tax to be paid in relation to this Agreement. 
 3.3.6 During the term of this Agreement, and, for a term of three years thereafter,
Licensee shall keep complete books and records of all information mentioned in section 3.2,4 and all other information and documents which may be required by Licensors in order to confirm the accuracy of the Licensee’s reports and payments.

 3.3.7 Licensors shall have the right to have a professionally registered accountant inspect and make abstracts of such books and records to
the extent necessary to verify their accuracy, and that of other statements provided for herein; provided, however, that such activity shall be made during regular business hours upon reasonable notice and not more often than annually. Such
accountant shall not have access to any information other than what is required to be reported under this Agreement. The cost of the examination and collection shall be paid by Licensee if the inspection reveals that the total amount owed is at
least greater than five percent of the amounts reported. 
 Section 3.4 – Payment form 

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 3.4.1 All amounts payable under this Agreement shall be paid to France Telecom by the Licensee in Euros.
Such payments by Licensee will discharged it from any debt owed to GET and TDF in respect of this Agreement. 
 3.4.2 Any payments made under
the provisions of this Agreement shall be made to following account Bank details: [***] 
 Section 3.5 – Late payment

 3.5.1 Any payment required hereunder that is made late (including unpaid portions of amounts due) shall bear interest, compounded monthly,
at one and half of the French legal interest rate. Licensors shall not be entitled to assess such late charges during any time in which a good faith dispute between the parties as to such payment. 

3.5.2 Any payment received more than 30 days after becoming due as set forth in section 3.1, 3.2.3, 3.6 and 3.7.3 of this Agreement shall be deemed late
for purposes of this Agreement. 
 Section 3.6 – Payment upon termination or expiration of this Agreement. 

Within thirty days after the date of termination or expiration of this Agreement, Licensee shall pay Licensors any and all amounts that are due pursuant
to this Agreement as of the date of termination or expiration, together with a report for such payment in accordance with section 3.2.3 of this Agreement. 
 Section 3.7 – Back royalties 
 3.7.1 Back royalty shall be due
for any unauthorised use of the Licensed Patents after January 1st 2001. 
 3.7.2 Any back royalties exempted on the basis of the section 3.7.1 of this Agreement
will be due in the case of a termination by the Licensee or for material breach by licensee of this Agreement before December 31, 2006, together with accrued interest of 10% per annum pro rata ternporis on a monthly basis, and shall be
paid within ninety (90) days after the written notice of such termination to Licensors as mentioned in the section 8.3.1 of this Agreement. 
 3.7.3 The back royalties shall be paid within 4 weeks after the Effective Date. 

Article 4 

Patents and notices 

Section 4.1 – Improvements – maintenance of Patents 
 4.1.1 Any Improvement filed less than five years after one of the patents of the Licensed Patents will be automatically included in the Licensed Patents. 

4.1.2 For any other patent than those mentioned in section 4.1.1 of this Agreement, Licensors will be free to include or not this patent into the
Licensed Patent or to create a new patent package. 
  

	[***]	Indicates portions of this exhibit that have been omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential
treatment. 

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 4.1.3 Except as specifically provided for otherwise, nothing contained in this Agreement shall be
construed as imposing on either party any obligation to file any patent application or to secure any patent or to maintain any patent in force. 

4.1.4 It is expressly agreed between the Parties that, if an Improvement is included in the Licensed Patents, and that such inclusion causes that the
list of Territories is extended to some new Territories in accordance with the rules defined in section 1.1.16 of this Agreement, the Licensee will be entitled to notify in writing its refusal for the inclusion of this Improvement in the Licensed
Patents within ninety (90) days after the notification by Licensor of the list of Territories. In the case of such refusal, the Improvement shall not be included in the Licensed Patents, and accordingly the list of Territories shall not be
extended, granted under this Agreement and the license of such Improvement shall be subject to a separate agreement to be negotiated on a fair and reasonable basis between the Parties, and without any right for the Licensors to terminate this
Agreement if the Licensee refuses to enter into a license of the Improvement. Any acceptance of the Licensee of such inclusion shall be interpreted as an explicit acknowledgement of the benefits and the efficiency for the Licensee of such inclusion.
By entering into this Agreement, Licensee acknowledges the benefits and the efficiency of this License agreement, and especially rules as defined in the article 1.1.16 and the Territories as listed at the time of the formation of this Agreement.

 Section 4.2 – Marking of licensed product - Publicity 
 4.2.1 Licensee shall mark the following notices on the Licensed ASIC and/or product embedding a Licensed FPGA in accordance with the requirements of 35 US Code 287 or any applicable law in the Territories
and shall feature on any technical or commercial documents relating to the Licensed products, the marking “France Telecom – TDF – Groupe des ecoles des telecommunications Turbo codes patents license”. If marking of the Licensed
ASIC and/or product embedding a Licensed FPGA proves unreasonable then the packaging of the Licensed ASIC and/or product embedding a Licensed FPGA or the accompanying technical or commercial documents related to the Licensed ASIC and/or product
embedding a Licensed FPGA shall feature the marking “France Telecom – TDF – Groupe des ecoles des telecommunications Turbo codes patents license”. Licensee shall have a period of 180 days from the Effective Date to update all
product documentation to reflect this licence. 
 4.2.2 Licensee shall make no statement that Licensed ASIC or equipments embedding a Licensed
FPGA have been approved, tested or certified by Licensors. 
 4.2.3 Licensee expressly agrees to serve as a reference account for Licensors and
to allow Licensors to feature its names and official logos in the website http://www.turbocodes.info [and in the website of the licensing agents named < XXXX >] to indicate that the Licensee is an official licensee. Licensee allows the
use of its names and official logos by Licensors for other promotional and publicity purposes and especially press announcements upon prior written consent of the Licensee, such consent not to be unreasonably denied. 

Article 5 

Representations and warranties – Infringement 
 Section 5.1 Representations and warranties 
 5.1.1 Licensors warrant that they are
authorised and empowered to enter into this Agreement and to grant the rights so granted to Licensee. 
 5.1.2 Licensors make no representation,
covenant or warranty express or even implied regarding: 
  

	 	•	 	 the scope, enforceability, validity or non-infringement of the Licensed Patents; or 

 

	 	•	 	 the ongoing maintenance or prosecution of the Licensed Patents, or 

 

	 	•	 	 the defence of Licensee against actions or suits of any nature brought by third parties; or 

 

	 	•	 	 the sufficiency or completeness of the Licensed Patents for the purpose of making, using, and selling any product. 

5.1.3 LICENSORS MAKE NO WARRANTY OF ANY KIND WHATSOEVER, EXPRESS OR IMPLIED, EXCEPT THOSE MENTIONNED IN THIS ARTICLE, ALL IMPLIED WARRANTIES OF
MERCHANTABILITY AND/OR FITNESS FOR A PARTICULAR PURPOSE ARE HEREBY DISCLAIMED BY LICENSORS AND EXCLUDED. 

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 5.1.4 Licensors shall have no liability for any loss and damage, whether or not foreseeable, resulting
from Licensee exercising its rights under the Agreement. Licensors shall not be liable for any consequential, incidental, special, or indirect damages arising out of this Agreement. 
 Section 5.2 – Infringement 
 5.2.1 Licensors shall have no obligation hereunder to
institute any action or suit against third parties for infringement of any Licensed patents or to defend any action or suit brought by a third parly that challenges or concerns the validity of Licensed Patents. 

5.2.2 Licensee shall have no right to institute any action or suit against third parties for infringement of any Licensed Patents. 

Article 6 

Confidential information 

6.1.1 Parties undertake that Confidential Information of a party shall be protected and kept in confidence by the other Parties, which must use the same
degree of precaution and safeguards as it uses to protect its own information, but in no case any less than reasonable care. 

Article 7 

Validity 
 7.1.1 Should
any clause, sentence, or paragraph of this Agreement be judicially declared to be invalid, unenforceable, or void, such decisions shall not have the effect of invalidating or voiding the remainder of this Agreement. The Parties agree that the part
or parts of this Agreement so held to be invalid, unenforceable, or void shall be reformed without any further action by the Parties hereto and only to the extent necessary to make such part or parts valid and enforceable. 

Article 8 

Term and termination 

Section 8.1 – Term and renewal 

8.1.1 This Agreement shall expire on June 30, 2012. 
 8.1.2 At least 6 months before expiration of this Agreement, Licensors shall propose a new license agreement for at least 5 years. Even if Licensors will have the right to modify terms and conditions,
Licensors warrant that terms and conditions will be equivalent, (no administration fees will be asked for at such renewal) 

Section 8.2 – Termination for material breach 
 8.2.1 If either party defaults in fulfilling any of its obligations under this Agreement, and such default is not cured within sixty ( 60 ) days after notice from the other party specifying the nature of
the default, then the non defaulting party shall thereafter have the right to terminate this Agreement by giving written notice of termination to the defaulting party, and upon giving such notice of termination, this Agreement shall terminate.

 8.2.2 The following acts or omissions shall constitute a material breach of this Agreement. 

 

	 	•	 	 Failure of the Licensee to make payments and provide statements in accordance with section 3.1, 3.2.1, 3.2.3, 3.2.4, 3.6 and 3.7

  

	 	•	 	 Failure of the Licensee to maintain adequate books and records in accordance with section 3.3.6 and to permit an audit in accordance with section
3.3.7. 

  

	 	•	 	 Failure of the Licensee to feature the warning notice in accordance with section 4.2.1. 

Section 8.3 – Termination by Licensee 
 8.3.1 Licensee shall have the right to terminate this Agreement at any time upon ninety (90) days prior written notice to Licensor. 

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 Section 8.4 – Others terminations 

8.4.1 Licensor will be entitled to notify Licensee of an immediate termination of this Agreement at the receipt by Licensee of the notice of termination
at the occurrence of the following events: 
  

	 	•	 	 a receiver, a trustee, or liquidator of Licensee is appointed for any of its properties or assets; 

 

	 	•	 	 Licensee admits in writing its inability to pay its debts as they mature; 

 

	 	•	 	 Licensee makes a general assignment for the benefit of the creditors; 

 

	 	•	 	 Licensee is adjudicated as bankrupt or insolvent; 

  

	 	•	 	 A petition for the reorganisation of Licensee or an arrangement with its creditors, or readjustment of its debts or its dissolution or liquidation is
filed under any law or statute; 

 Section 8.5 – Effects of termination or expiration 

8.5.1 Upon termination for any reason or expiration, and except as mentioned as follows in this section, this Agreement will terminate or expire after the
receipt of the notice of termination or the term. 
 8.5.2 Upon termination for any reason or expiration of this Agreement, Licensee shall have
to declare to Licensor its inventory of Licensed ASIC and/or equipment embedding a Licensed FPGA. 
 8.5.3 During a period of six months after
the receipt of the notice of termination, Licensee shall be authorised to sell or otherwise distribute Licensed ASIC and/or equipment embedding a Licensed FPGA within the limit of its inventory under the provisions of this Agreement. 

8.5.4 The following provisions of this Agreement shall survive expiration or termination of this Agreement: 

 

	 	•	 	 the obligation of Licensee to pay all royalties accrued as of the receipt of the notice of termination or the term of this Agreement and all royalties
pursuant to section 8.5.3 of this Agreement. 

  

	 	•	 	 The obligation of Licensee to maintain adequate books and records in accordance with section 3.3.6 and to permit an audit in accordance with section
3.3.7 of this Agreement. 

  

	 	•	 	 The obligation of confidentiality in accordance with article 6 of this Agreement. 

Article 9 

Most favorable royalty rates 
 9.1.1 Except as provided in Section 9.1.2, in the event that Licensors grant to any third party an identical license of the Licensed Patent for the same Licensed Applications, and without restriction
of any rights with royalty rates more favourable than those set in this Agreement, whether or not such more favourable royalty rates are on terms and/or conditions that are different from those set forth herein, Licensors shall send written notice
to Licensee specifying the more favourable rates and any terms and/or conditions that are different that those set forth herein within thirty (30) days of the granting of the more favourable license. Licensee shall be entitled to an amendment
of this Agreement to the extent of providing for royalty rates as favourable as that available to such other party within thirty (30) days of sending written notice to Licensors requesting such amendment; provided, however, that this Agreement
shall also be amended to include any additional benefits to Licensor. Any amendment made pursuant to this article shall be effective as of the date it is made, and such more favourable rates shall not be retroactively applicable in favour of the
Licensee and shall not be a basis for claiming any refund of royalties paid prior to such notification date. 
 9.1.2 Section 9.1.1 shall
not apply to: 
  

	 	•	 	 Settlement of litigation 

  

	 	•	 	 Determination by Licensors of back royalties owed by a Licensee 

 

	 	•	 	 Discounts granted on the basis of prepayment of royalties and any lump sum or one-time payment 

 

	 	•	 	 Compromise or settlement of royalty payments owed by a licensee in financial distress 

 

	 	•	 	 Cross-licenses signed by Licensors 

  

	 	•	 	 An order of a court or an administrative body. 

  

	 	•	 	 Any agreement signed by Licensors before January 1st 2001. 

 Article 10 
 Miscellaneous 

Section 10.1 – Notice 
  

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 10.1.1 All notices to be provided pursuant to this Agreement shall be given in writing and shall be
effective when either served by personal delivery or upon receipt via certified mail, return receipted requested, postage prepaid, overnight courier or sent by facsimile transmission with hard copy confirmation sent by certified mail, as above, in
each case to the party as the addresses listed in exhibit 4 of this Agreement or at such other addresses as may be specified by notice given in accordance with this section. 
 Section 10.2 – Waiver 
 10.2.1 No failure to exercise and no delay in exercising
on the part of either party any right, power or privilege under this Agreement shall operate as a waiver thereof nor shall single or partial exercise of any right power or privilege preclude the enforcement of any other right, power or privilege nor
shall the waiver of any breach of any provision herein be taken or held to be a waiver of the provision itself. Any waiver to be effective has to be made in writing and signed by the waiving party. 

Section 10.3 – Representation of Counsel; Mutual negotiation 
 10.3.1 Each party has been represented by counsel of its choice in negotiating this Agreement. This Agreement shall therefore be deemed to have been negotiated at arm’s length, with the advice and
participation of counsel, and prepared at the joint request, direction, and instruction of the parties, and shall be interpreted with its terms without favour to any party. 
 Section 10.4 – Applicable law 
 10.4.1 THIS AGREEMENT, VALIDITY, CONSTRUCTION AND
PERFORMANCE, SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAW OF FRANCE EXCLUDING LAW RELATED TO CONFLICT OF LAW PRINCIPLES. 

Section 10.5 – Arbitration – Jurisdiction 
 10.5.1 In the event of any dispute arising out of or in connection with the present Agreement, the Parties agree to submit to the following dispute resolution process: 

10.5.2 Mediation: Either party agrees to submit the matter to settlement proceedings under the International Chamber of Commerce Alternative Dispute
Resolution (ADR) Rules. The place of mediation shall be Paris, France and the language to be used shall be the English language. 
 10.5.3
Arbitration: If the dispute has not been settled pursuant to the said Rules within 45 days following a request for ADR or within such other period as the parties may agree in writing, such dispute shall be finally settled under the Rules of
Arbitration of the International Chamber of Commerce by one or more arbitrators appointed in accordance with the said Rules of Arbitration. The place of arbitration shall be Paris, France. The language to be used in the arbitral proceedings shall be
the English language and the dispute, controversy or claim shall be decided in accordance with the law of France. In the event of any dispute with members of the DVB consortium arising out with any obligation of Licensors towards DVB consortium,
article 14 of the statutes of DVB Project shall apply. 
 10.5.4 The provisions of the sections 10.5.1, 10.5.2 and 10.5.3 will not apply to any
dispute on the validity of the Licensed Patents or to any dispute or controversy as to which any treaty or law prohibits such arbitration. 

10.5.5 IN CONNECTION WITH ANY DISPUTES ON THE VALIDITY OF THE LICENSED PATENTSOR TO ANY DISPUTE OR CONTROVERSY AS TO WHICH ANY TREATY OR LAW PROHIBITS
SUCH ARBITRATION, EACH PARTY HERETO IRREVOCABLY CONSENTS TO THE EXCLUSIVE JURISDICTION AND VENUE IN THE COMPETENT COURTS OF PARIS. 
 LICENSEE
WAIVES ANY OBJECTIONS TO THE JURISDICTION, PROCESS AND VENUE OF ANY SUCH COURTS, AND TO THE EFFECTIVENESS OF ANY ORDER OR JUDGMENT (INCLUDING, BUT NOT LIMITED TO, A DEFAULT JUDGMENT) OF SUCH COURTS PERTAINING TO THIS AGREEMENT, TO THE MAXIMUM EXTENT
PERMITTED BY THE LAW OF THE PLACE WHERE ENFORCEMENT OR EXECUTION OF ANY SUCH ORDER, JUDGMENT OR DECISION MAY BE SOUGHT AND BY THE LAW OF ANY PLACE WHOSE LAW MIGHT BE CLAIMED TO BE APPLICABLE REGARDING THE EFFECTIVENESS, ENFORCEMENT, OR EXECUTION OF
SUCH ORDER JUDGMENT, OR DECISION. 

 France Telecom / Sequans 

 
  

 Section 10.6 – Entire Agreement 

10.6.1 This Agreement together with its exhibits incorporates the entire understanding of the parties with respect to the subject matter of this Agreement
and merges all prior agreements and understanding between the parties, whether oral or written, relating to subject matter thereof. 
 10.6.2
This Agreement shall not be amended, altered or changed except by written agreement signed by authorized representatives of both parties. 

10.6.3 This Agreement may be executed in one or more counterparts, each of which shall be deemed a duplicate original and all of which, when taken
together, shall constitute one and the same document. 
 IN WITNESS THEREOF, the Parties have executed this Agreement as of the dates below;

  

					
	Licensor :	 		 	Licensee :
			
	
 

	 		 	
 

	Signature	 		 	Signature
			
	 Francois Jamet
	 		 	 Georges Karan

	Printed Name	 		 	Printed Name
			
	
 

	 		 	 President & CEO

	Title	 		 	Title
			
	 December 20, 2006
	 		 	 Dec. 20, 2006

	Date	 		 	Date

 France Telecom / Sequans 

 
  

 First Amendment to the 

Turbo codes license agreement 
 This Amendment made on July 1st, 2010 (hereinafter the Effective Date) constitutes a first amendment (the “First Amendment”) to the Turbo codes license agreement (the “Agreement”) entered into force on
November 1st, 2006 in conformity with the section
10.6.2 of the Agreement, by and among 
 France Telecom (hereinafter “France Telecom”) Société Anonyme under the
French law, registered in the French Business Office with the number PARIS B 380 129 866, having a principal place of business at 6, place d’Alleray, 75015 Paris, France 
 Acting for itself and on behalf of 
  

	 	•	 	 Institut Telecom, formerly Groupe des Ecoles des Telecommunications (hereinafter “GET”), a French public organisation, organized and
existing under the laws of France and having its principal place of business at 46, rue Barrault, FR-75013 Paris, France 

  

	 	•	 	 TDF SAS, formerly Telediffusion de France, (hereinafter “TDF”), a company existing and organized under the French law,
registered in the French Business Office with the number Nanterre B 342 404 399, having a principal place of business at Immeuble Cap Sud, 106 avenue Marx Dormoy, 92120 Montrouge Cedex, France. 

Collectively designated as “Licensor” 
 AND 
 Sequans Communications, a company incorporated under the laws of France, having
offices located at Bâtiment Citicenter, 19 Le Parvis de La Défense, La Défense Cedex, 92073 Paris France 
 Hereinafter designated as “Licensee” 
 Article I - Wording

 The parties agree to supersede Exhibits 1; 2; 3 and 4 of the Agreement with Exhibits 1; 2; 3 and 4 of this First Amendment. 

Article 2 - Miscellaneous 

All other terms and conditions of the original Agreement shall remain in full force and effect. 
 IN WITNESS THEREOF, the Parties have executed this Agreement as of the dates below: 
  

					
	Licensor :	 		 	Licensee :
			
	
 

	 		 	
 

	Signature	 		 	Signature
			
	
 

	 		 	 Deborah Choate

	Printed Name	 		 	Printed Name
			
	
 

	 		 	 Chief Financial Officer

	Title	 		 	Title
		 		 	
	 6/10/2010
	 		 	 4/11/10

	Date	 		 	Date

 Confidential 

 France Telecom / Sequans 

 
  

 Exhibit 1 – Licensed Patents – 2nd semi-annual period 2010 

 
  

																	
	 TC
ref
	  	Internal
ref	  	 Title of the patent (in
English on the basis of the
US
patent )
	  	Owner	  	Priority Filing
number	  	Publication
number	  	Priority filing
date	  	Extensions	  	Remarks
	PACKAGE 1 – CONVOLUTIONAL TURBO CODES
									
	BR 1	  	01941	  	 Procédé de codage convolutif correcteur d’erreurs pseudo-systématique, procédé de
décodage et dispositifs correspondants.
  
 Pseudo-systematic
convolutional error-correction coding method, corresponding decoding method and devices.
	  	FT/TDF	  	FR 91 05278	  	FR 2 675 970	  	91 04 23	  	No	  	
									
	BR2	  	01943	  	 Procédé de codage correcteur d’erreurs a au moins deux codages convolutifs systematiques en paralléle,
procédé de décodage iteratif, module de décodage et decodeur correspondants,
  
 Error-correction coding method with at least two systematic convolutional codings in parallel, corresponding iterative decoding method, decoding module and decoder.
	  	FT/TDF	  	FR 91 05280	  	FR 2 675 971	  	91 04 23	  	EP 0 511 141    :    DE,GB  

US 5,446,747
  
 HK 1007841
	  	
									
	BR2	  	01943	  	 Procédé de decodage iterauf, module de décodage et décodeur correspondant

 
 Iterative decoding method, decoding module and decoder
therefore.
	  	FT/TDF	  	FR 91 05280	  	FR 2 675 971	  	91 04 23	  	EP 0 735 696 : DE, GB	  	Divisional
application
of BR2
									
	BR3	  	01942	  	 Procédé de decodage d’un code convolutif á maximum de vrasemblance et pondération des décisions
et décodeur correspondant.
  
 Method for a maximum likelihood
decoding of a convolutional code with decision weighting, and corresponding decoder.
	  	FT/TDF	  	FR 91 05279	  	FR 2 675 968	  	91 04 23	  	EP 0 511 139 : DE,GB  
 US 5,406,570
	  	
									
	BR6	  	02711	  	 Procédé et dispositif de codage convolutif de blocs de données, et procédé et dispositif de
décodage correspondants.
  
 Data block convolutional coding device
and method, and corresponding decoding method and device.
	  	FT/TDF	  	FR 96 04485	  	FR 2 747 255	  	96 04 03	  	EP 0 891 656 : DE, GB  
 US 6,119,264
 JP 3791013
	  	
									
	BR11	  	03394	  	 Procédé et dispositif de codage á au moins deux codages en paralléle et permulation amélioree, et
procédé et dispositif de decodage correespondants.
  
 Coding
method and device with at least two parallel coding steps and improved permutation, and corresponding decoding method and device.
	  	FT/GET	  	FR 99 09631	  	FR 2 796 780	  	99 07 21	  	EP 1 205 032    :    DE, GB, IT. ES  

US 6,782,504
  
 AR 025211
  
 CN
1375130
  
 JP 2007164028
	  	

  

CONFIDENTIAL 

 France Telecom / Sequans 

 
  

 Exhibit 2 – Territories 

 
  

			
	Patent package	  	Territories where royalties are due for
2nd semi-annual period 2010
		
	Package 1 – Convolutional TC	  	[***]

 [***] Indicates portions of this exhibit that have
been omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. 

  

CONFIDENTIAL 

 France Telecom / Sequans 

 
  

 Exhibit 3 – Running royalties 

 
 Patent package 1 

 

													
	Number of TC units	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]
							
	Specific rate for Wireless WAN	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]

 The above rates are only applicable
for a Wireless WAN application specific license and expressly do not include other applications such as 3G, satellite, and storage 
 (this list is not all inclusive). 
 In accordance with Licensor’s
timely signing offer, a discount is granted to the Licensee on royalties applied to 1k to 5000k units, thus the royalty rate for the first 1000 to 5000K units is 0,15 €/unit. However, any unit Sold by Licensee before the Effective Date of this
First Amendment shall remain subject to royalty rates defined in the initial Exhibit of the Agreement and shall not be subject to any reimbursement or compensation from Licensors. 

Number of TC units are cumulative for the duration of the license 

NOTE: 
 • The
implementation of 1 to 999 TC units are included with the initial Administration Fee of 10,000 Euros 
 • For the avoidance
of doubt, it is agreed between the Parties that any interpretation, as far as necessary, of “Section 2- Grant of License” will be based on Document “Sequans-GrantofRights.ppt” of France Telecom/Spectra Licensing Group provided to
Sequans on September 15, 2006 by Spectra Licensing Group via e-mail 
 [***] Indicates portions of this exhibit that have been omitted
and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. 

  

CONFIDENTIAL 

 France Telecom / Sequans 

 
  

 Exhibit 4 – Contact person 

 
 FOR FRANCE TELECOM 

For general inquiries 
 Mr. Jean-Francois Bernard 
 Tel: + 33 1 45 29 59 36 

Fax: + 33 1 45 29 65 60 
 jeanfrancois.bernard@oranqe-ftgroup.com 
 FRANCE TELECOM R&D 

PIV/TURBOCODES 
 38-40, rue du
Général Leclerc 
 92794 Issy-les-Moulineaux Cedex 9 – France 
 FOR SEQUANS COMMUNICATIONS 
 For general and accounting inquiries

 Mr Alexis Beck Djevaguiroff 
 Financial Manager 
 Tel: +33-1-70 72-1608  

alexis@sequans.com 

SEQUANS Communications 
 Bátiment
Citicenter 
 19 Le Parvis de La Défense 
 La Défense Cedex 
 92073, Paris – France 

  

CONFIDENTIALAssembly & Testing Service Agreement

 Exhibit 10.11 
 Assembly & Testing Service Agreement 
 THIS AGREEMENT is made
on this 8th day of November 2010 (2010-11-08) by and
between UNITED TEST AND ASSEMBLY CENTER LTD, a company incorporated in Singapore with its place of business at 5 Serangoon North Avenue 5, Singapore 554916 (hereinafter referred as “UTAC”) and SEQUANS COMMUNICATIONS
SA, a French corporation with its place of business at Bailment Citicenter, 19 Le Parvis de La Defence, La Defense Cedex 92073, Paris, France (hereinafter referred as “CUSTOMER”) 

NOW THEREFORE, for and in consideration of the premises, and the mutual covenants and promises herewith set forth, the parties hereto agree as follows:

  

	1	OBJECTIVE AND TERMS OF AGREEMENTS 

  

	1.1	OBJECTIVE 

 The objective
of this Agreement is to set forth the terms and conditions for the assembly and testing services performed by UTAC to CUSTOMER in accordance with the specifications and procedures agreed by CUSTOMER and UTAC and as described in Exhibit A
(hereinafter referred to as the “Service”). These specifications and procedures shall form an integral part of this Agreement and are subject to revision from time to time. 

 

	1.2	TERM OF AGREEMENT 

 The
term of this Agreement shall be for a period of twelve (12) months commencing from the Effective Date hereof and thereafter shall be automatically renewed for an additional one (1) year under the same terms and conditions provided herein
unless or until either party gives the other a written notice of its intention not to extend the terms of this Agreement at least ninety (90) days prior to the expiration of the original or any extended term of this Agreement. 

 

	2	SERVICES TO BE PROVIDED BY UTAC 

  

	2.1	UTAC shall perform the Services in respect of the various wafers and assemble parts indicated in Exhibit B (hereinafter called “Part(s)”) provided by CUSTOMER
to manufacture the product described in Exhibit 5B herein (“Product”). 

  

	2.2	In case CUSTOMER desires to modify the current services or add the new services, CUSTOMER shall inform UTAC in writing and based upon mutual agreement by both parties,
modify or add the new Specifications and Products in Exhibit A and B. 

	3	FORECAST 

 Not later than the fifteenth (15th) day of each preceding month, during the term of this Agreement, CUSTOMER shall provide UTAC the forecast of Products in quantity (hereinafter referred to as “Forecast”) covering the next
six (6) months period. Both parties agree and understand that the volume of the first two (2) months in the Forecast is a firm and binding loading from CUSTOMER. The volume of the next four (4) months is a rolling forecast provided
for UTAC’s reference and capacity planning. 
  

	4	PURCHASE OF SERVICES 

 CUSTOMER shall, by the way of written purchase orders or by means of other written communication, issue each purchase order of the Service before the twenty-first (21st) day of the preceding month of when is expected delivery by
CUSTOMER of the Parts and/or Products. Each purchase order shall state an identification of the Parts and/or Products, the quantity and the agreed and applicable price for the Service requested. UTAC shall acknowledge CUSTOMER within seven
(7) business days of the receipt of the purchase order and firm wafer and die delivery date with a firm capacity loading plan. 
  

	5	ITEMS TO BE SUPPLIED BY CUSTOMER 

  

	5.1	All Parts and Products supplied by CUSTOMER to UTAC shall be consigned to UTAC. UTAC understands and agrees that all CUSTOMER Parts and Products supplied hereunder are
the confidential property of CUSTOMER and that all of such Parts and Products are to be strictly controlled, accounted for and returned to CUSTOMER in accordance with CUSTOMER requirements, including but without limitation to any defective parts.

  

	5.2	Title to the Parts and Products supplied by CUSTOMER to UTAC hereunder is not transferred to UTAC. However, UTAC will be responsible for risk of loss of or damaged to
such parts upon taking possession of such parts and before returning the same to CUSTOMER after the Service provided in accordance with this Agreement. 

  

	6	SHIPPING AND DELIVERY, RESCHEDULE AND MATERIALS 

  

	6.1	After Services have been completed within a mutually agreed delivery schedule provided in the loading plan, UTAC shall return completed Products to CUSTOMER’s
designated destination. If CUSTOMER rejects any Products, CUSTOMER and UTAC shall confer to determine the reason for rejection. If any defective Products are solely caused by gross negligent acts of UTAC, CUSTOMER and UTAC shall discuss in good
faith an appropriate compensation or to develop and implement a corrective action plan for any errors including manufacturing errors or defects and re-work of Products where applicable. All rejected Parts and/or Products resulting from the Service
shall be returned or destroyed by UTAC in accordance with CUSTOMER’s request. 

  

	6.2	All Products delivered pursuant to the terms of this Agreement shall be suitably packed for shipment in accordance with CUSTOMER packing specification, addressed in
accordance with applicable Purchase Order and for collection by a carrier or forwarding agent designated by CUSTOMER. 

  
 2 | Page

	6.3	In case of customer request “Bill & Hold” Product delivery instruction, either on a permanent basis or occasionally, CUSTOMER shall authorise UTAC in
writing to perform “Bill & Hold” procedures. CUSTOMER accepts to assume full ownership of any finished good inventory duly invoiced after works for the added value provided and resident at UTAC premises awaiting forwarding
instructions. 

  

	6.4	RESCHEDULE 

  

	(1)	For any Purchase Order issued in accordance with this Agreement, CUSTOMER may increase the quantity of Products by giving UTAC a revised forecast (“Revised
Forecast”). If UTAC agrees to such increase in the Revised Forecast, UTAC will reschedule the delivery from the originally planned delivery date and UTAC shall use its best efforts to meet such requirement. 

 

	(2)	In the case of reschedule defined in subsection (1) above, CUSTOMER shall bear the cost and charges for inventory of the materials purchased in accordance with the
Revised Forecast, provided that for materials with lead time of two (2) months or more, UTAC shall obtain CUSTOMER’s written consent prior to the purchase of such materials. UTAC agree to hold inventory of up to two (2) months for
long leadtime materials. 

  

	6.5	MATERIALS 

 Based on the
Forecast and/or Revised Forecast, UTAC will purchase materials for the performance of the Service. Customer shall be liable for the costs of materials purchased by UTAC at UTAC’s cost of purchase only in accordance with the agreed bill of
materials and firm Customer Forecast, including but not limited to unconsumed materials or excess inventory. 
  

	7	PRICING 

 At the request
of CUSTOMER, the unit price of the Service will be reviewed by UTAC and this review will be done once every 6 months or less frequently, as reasonably necessary for CUSTOMER. All pricing changes must be mutually agreed to by the Parties in writing.

 All prices are in United States Dollars and all Service provided to Products shall be delivered to CUSTOMER on an Ex-Works
UTAC designated site (INCOTERMS 2000) basis. 
 UTAC will issue an invoice relating to the Services provided at the completion of
each process step to CUSTOMER, and CUSTOMER shall pay UTAC for the performance of the Services according to prevailing Sales Terms and Conditions of UTAC quotations. 
  

	8	AUDITING 

 CUSTOMER and
CUSTOMER’s end customer reserve the right to audit UTAC during processing or manufacturing at any regular business hours to verify CUSTOMER’s requirements as long as CUSTOMER does not unduly interfere with UTAC routine operations and its
conduct of business affairs. 

  
 3 | Page

	9	WARRANTY 

  

	9.1	UTAC warrants that the Services provided will be provided with reasonable care and skill and at a standard reasonably consistent with generally accepted industry
standards. 

  

	9.2	Save as expressly provided in this Agreement, no warranty of any other kind is given in conjunction with the Agreement. To the fullest extent permissible by law, any
condition or warranty which would otherwise be implied in the Agreement, including any quality or fitness for any particular purpose, are hereby excluded. 

 

	10	LIMITATION OF LIABILITY 

  

	10.1	Total Liability for UTAC 

The total liability of UTAC on all claims of any kind, whether in contract, tort (including negligence), strict liability or otherwise
(including as a result of intellectual property infringement) or indemnity claims arising out of the performance or breach of this Agreement or use of the Parts and/or Products or the performance of the Services shall not exceed the payment received
by UTAC from CUSTOMER for such Parts and/or the Products at the time liability arose. 
  

	10.2	PATENTS, COPYRIGHTS, TRADE SECRETS, OTHER PROPRIETARY RIGHTS. 

  

	(a)	UTAC shall indemnify and hold CUSTOMER harmless from and against any losses, damages, liability and costs that CUSTOMER incurs from or as a result of any claims
resulting directly from any alleged infringement of any intellectual property rights of a third party by UTAC’s manufacturing processes on the Products purchased hereunder (“Products”), and UTAC shall, at its own expense, defend such
claims alleging such infringement of any third party intellectual property rights, against CUSTOMER, provided that (i) UTAC is promptly notified in writing of such claims, and (ii) UTAC is given all information and evidence in
CUSTOMER’ possession, and (iii) UTAC is given reasonable assistance in and sole control of the defense thereof, and (iv) CUSTOMER permits UTAC to fully control, in a manner not adverse to CUSTOMER, the defense and settlement of such
claim, including but not limited to directing the investigation, preparation, defense and settlement of such claim, and the selection of counsel reasonably acceptable to UTAC, and provided that CUSTOMER does not make any settlement or compromise of
such claim with the third party, without the prior written approval of the UTAC. In the event of such a charge of infringement, UTAC’s obligation under this agreement shall be fulfilled if UTAC at its option: (i) obtains a license for
CUSTOMER to continue the use or sale of the Products purchased from UTAC, or (ii) refunds the purchase price paid to UTAC by CUSTOMER for such Products, or (iii) replaces or modifies the manufacturing processes on the Products so as to be
substantially equal but non-infringing. 

  

	(b)	 Notwithstanding Section 10.2(a) above, UTAC shall not be liable for the indemnification of any claims resulting from any alleged infringement of
any intellectual property rights of a third party by UTAC’s manufacturing processes on the Products purchased hereunder insofar that such claim arises out of: (a) UTAC’s use or compliance with any designs, materials, Product
requirements, specifications or instructions supplied or specified by CUSTOMER, or any products or materials produced by UTAC’s as a result of such compliance; (b) any modification or use of UTAC’s Products not authorised by UTAC; or
(c) use of UTAC’s Products or any part thereof in combination or connection with other products not supplied by UTAC or authorised by UTAC. CUSTOMER shall fully indemnify and hold UTAC harmless from and against any losses, damages,
liabilities and cost 

  
 4 | Page

	 	 
that UTAC incurs from or as a result of any claims resulting directly from any alleged infringement of any intellectual property rights of a third party by UTAC’s manufacturing processes on
the Products purchased hereunder, if such claims arises as a result of: (i) UTAC’s use or compliance with any designs, materials, Product requirements, specifications or instructions supplied or specified by CUSTOMER, or any product or
materials produced by UTAC as a result of such compliance; (ii) any modification or use of UTAC’s Products not authorised by CUSTOMER; or (iii) any use of UTAC’s Products or any part thereof in combination or connection with
other products not supplied by UTAC or authorised by UTAC. 

  

	10.3	NO CONSEQUENTIAL DAMAGES 

NEITHER PARTY SHALL BE LIABLE TO THE OTHER FOR ANY SPECIAL, INCIDENTAL, CONSEQUENTIAL, INDIRECT OR OTHER SIMILAR DAMAGES ARISING FROM
BREACH OF WARRANTY, INDEMNIFICATIONS, BREACH OF CONTRACT, NEGLIGENCE, STRICT LIABILITY OR ANY OTHER KIND OF CIVIL LIABILITY EVEN IF THAT PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. 

 

	11	CONFIDENTIALITY 

  

	11.1	Each party agrees (a) to use the same degree of care but not less than reasonable care as it uses with respect to its own proprietary information of a similar
nature, not to disclose to any third party (other than their Subsidiaries which have a need to know and other than employees of each such party) (i) any information received from the other parties hereunder in tangible form which bears a
confidential or proprietary legend, and (ii) any information received from the other party hereunder in intangible form and designated as confidential or proprietary at the time of such receipt and reduced to tangible form bearing a
confidential or proprietary legend and sent by the disclosing party to the receiving party within thirty (30) days after the disclosure (collectively the “Confidential Information”); and (b) not to use such Confidential
Information except for the purpose of this Agreement. 

  

	11.2	The restrictions on use and disclosure described in Section 11.1 shall not apply to any information which: (a) is in the public domain at the time of
disclosure to the receiving party under this Agreement; (b) is already in the lawful possession of the receiving party at the time of disclosure under this Agreement; (c) becomes publicly available through no fault of the receiving party
and without breach of this Agreement; (d) becomes rightfully known to the receiving party; or (e) is subsequently developed independently by employees of the receiving party or is required to be disclosed pursuant to operation of law,
rules of any relevant government authorities or order of a court of competent jurisdiction provided always that the receiving party shall give the disclosing party reasonable notice to defend or seek protection order prior to the disclosure and
provided that the receiving party is legally able to do so. 

  

	11.3	All Confidential Information that is disclosed pursuant to this Agreement shall remain the property of the disclosing party. Disclosure of any Confidential Information
hereunder shall not be deemed to constitute or imply any license or right to use or interest in the same. 

  

	11.4	Upon termination of this Agreement, the receiving party shall return to the disclosing party or destroy all of the disclosing party’s Confidential Information and
all copies thereof in tangible form, then in its possession. 

  
 5 | Page

	11.5	The parties agree that confidential information disclosed by either party by means of a NON-DISCLOSURE AGREEMENT (“NDA”) between the parties shall be deemed
as the Confidential Information of this Agreement and such NDA shall be terminated of Effective Date of this Agreement. 

  

	12	TERMINATION 

  

	12.1	In event that either party materially breaches this Agreement, the party not in breach may terminate this Agreement after allowing thirty (30) days from written
notice of breach for the party in breach (“Breaching Party”) to cure such breach. 

  

	12.2	This Agreement, and any purchase orders or authorization placed hereunder shall immediately terminate in the event whereby either party becomes insolvent, or admits in
writing its inability to pay its debts as they mature, or makes an assignment for the benefit of its creditors, or applies for or consents to the appointment of a trustee or receiver, a trustee or receiver is appointed for all or a substantial part
of its property without its consent, or if bankruptcy, arrangement or insolvency proceedings, or other proceedings for relief under any bankruptcy or similar law or laws for relief of debtors are instituted by or against either party.

  

	12.3	This agreement may also be terminated upon mutual agreement of the parties without further liabilities of the parties. 

 

	12.4	Within the fourteen (14) days after the termination of this Agreement, UTAC shall return to CUSTOMER all parts delivered to UTAC for the purpose of performing the
Services. In the event whereby UTAC failed to do so, CUSTOMER authorized employees, representatives or agents may enter the premises of the UTAC to remove such parts without any liability including but not limited to trespass to property without
prejudice to any other rights of CUSTOMER at law or in equity. 

  

	13	FORCE MAJEURE 

  

	13.1	Neither party shall be responsible for any failure to comply with the terms of this Agreement due to causes beyond its control, including but not limited to fire,
storm, flood, earthquake, explosion, accident, rebellion, insurrection, sabotage, riot, or other civil disobedience, acts of God, acts of Government, whether national or municipal or otherwise, or any agency thereof, and judicial action (“Force
Majeure”). 

  

	13.2	The affected party shall notify the other party within the shortest possible time of the occurrence of the Force Majeure. Should the effect of the Force Majeure
continue for more than one hundred twenty (120) consecutive days, either party may terminate this Agreement without liability upon written notice to the other party. Notwithstanding the foregoing, the provision of this Section shall not relieve
either party of the obligations to make payments when due under this Agreement. 

  
 6 | Page

	14	ASSIGNS 

 Each party shall
not assign or transfer this Agreement or any rights or obligations hereunder without the express written authorization of the other party, which authorization shall not be unreasonably withheld. 

 

	15	GOVERNING LAW 

 The
validity, interpretation, and performance of this Agreement and any purchase order issued hereunder shall be governed by the laws of Singapore and UTAC agrees to submit to the non-exclusive jurisdiction of the Courts of Singapore. 

 

	16	TAXES, DUTIES AND LICENSES 

UTAC shall pay taxes, duties, charges and fees incurred or levied in connection with its business activities and the performance of this
Agreement. In addition, UTAC shall procure and maintain at its own expense all permits, licenses and approvals, obtain and pay of all inspections and give all notices required in UTAC country connection with its business activities and performance
of this Agreement. CUSTOMER shall pay the applicable goods and services taxes for the service. 
  

	17	EXPORT CONTROL 

 The
parties acknowledge that the transfer or export of any Parts and/or Products, technical data or information about such Parts and/or Products or data may be prohibited by laws or subject to governmental authorization. The parties shall comply with
all applicable laws, rules and regulations relating to the transfer and export of such Parts and/or Products, technical data or information. 
  

	18	SEVERABILITY 

 If any
provision in this Agreement shall be held to be illegal, void, invalid or unenforceable, in whole or in part, under the laws of any jurisdiction, such provision shall to that extent be deemed not to form part of this Agreement but the legality,
validity and enforceability of the remainder of this Agreement in that jurisdiction shall not be affected, and the legality, validity and enforceability of the whole of this Agreement in any other jurisdiction shall not be affected. 

 

	19	ENTIRE AGREEMENT 

 This
entire agreement including Exhibits A and B constitutes the entire agreement between the parties relating to the subject matter and of this Agreement and supersedes all previous communications, representations or agreements, oral or written, with
respect to the Service which are the subject matter of this Agreement. No addition to or modification of any provision of this Agreement shall be binding or enforceable unless made in writing and signed by a representative of each party hereto.

  
 7 | Page

 IN WITNESS WHEREOF, the parties hereto have duly caused this Agreement to be executed by their respective
duly authorized representatives on the Effective Date. 
  

									
	United Test and Assembly Center Ltd	 		 	Sequans Communications SA
					
	By:	 	

	 		 	By:	 	

	Name:	 	 JUNE CHIA
	 		 	Name:	 	Deborah Choate
	Title:	 	 GROUP EVP, WN SALES & MKTG
	 		 	Title:	 	Chief Financial Officer
	Dated:	 	24th November 2010	 		 	Dated:	 	4 November 2010

  
 8 | Page

 Exhibit A 
 Process Flow (generic) of applicable services 
 Test Flow

 Receive wafer/packaged 1C è IQA è ATE
Test è Scan, Bake & Pack è OQA è Ship 

Assembly Flow 

Receive wafer/dies è IQA è Assembly è Scan & Pack è OQA è Ship 

  
 9 | Page

 Exhibit B 
 Parts consigned by CUSTOMER 
  

					
	 Parts description
	  	Quantity	 
		  			
		  			

 Products qualified to be manufactured by UTAC 

 

					
	 Item #
	  	CUSTOMER Product	 
	 1.
	  	 	SQN1110	  
	 2.
	  	 	SQN1140	  
	 3.
	  	 	SQN1130	  
	 4.
	  	 	SQN1145	  
	 5.
	  	 	SQN1170	  
	 5.
	  	 	SQN1210	  
	 6.
	  	 	SQN1220	  

  
 10 | Page

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