Document:

Automobile Quota Share Reinsurance Contract

 Exhibit 10.2 

 

 

 INTERESTS AND LIABILITIES AGREEMENT 

(the “Agreement”) 
 of 
 SWISS REINSURANCE AMERICA CORPORATION 

(the “Subscribing Reinsurer”) 
 as respects the 
 AUTOMOBILE QUOTA SHARE REINSURANCE CONTRACT 

Effective: January 1, 2011 
 (the “Contract”) 
 issued to and executed by 

AFFIRMATIVE INSURANCE COMPANY 
 Burr Ridge, Illinois 
 (the “Company”) 

The Subscribing Reinsurer’s share in the interests and liabilities of the Reinsurer as set forth in the Contract shall be 100.00%. 

The share of the Subscribing Reinsurer in the interests and liabilities of the Reinsurer in respect of the Contract shall be separate and apart from the
shares of other subscribing reinsurers, if any, on the Contract. The interests and liabilities of the Subscribing Reinsurer shall not be joint with those of such other subscribing reinsurers and in no event shall the Subscribing Reinsurer
participate in the interests and liabilities of such other subscribing reinsurers. 
 This Agreement shall become effective on January 1,
2011 and shall be subject to the provisions of the Term Article and the Special Termination Article and all other terms and conditions of the Contract. 
 Premium and loss payments made to Guy Carpenter shall be deposited in a Premium and Loss Account in accordance with Section 32.3(a)(l) of Regulation 98 of the New York Insurance Department. The
Subscribing Reinsurer consents to withdrawals from said account in accordance with Section 32.3(a)(3) of the Regulation, including interest and Federal Excise Tax. 

  

					
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 Brokerage hereunder is 1.20% of gross ceded premium. 

IN WITNESS WHEREOF, the Subscribing Reinsurer has caused this Agreement to be executed by its duly authorized representative as follows: 

on this 29TH day of December, in the year 2010. 

SWISS REINSURANCE AMERICA CORPORATION 
 BY: SWISS RE UNDERWRITERS AGENCY INC., ITS AUTHORIZED 
 REPRESENTATIVE

  

					
	
 

		  		 	

 Market Reference Number: POR1072655 
 AFFIRMATIVE INSURANCE COMPANY 
 AUTOMOBILE QUOTA SHARE REINSURANCE
CONTRACT 

  

					
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 AUTOMOBILE QUOTA SHARE REINSURANCE CONTRACT 

issued to 

AFFIRMATIVE INSURANCE COMPANY 
 Burr Ridge, Illinois 

  

					
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 AUTOMOBILE QUOTA SHARE REINSURANCE CONTRACT 

TABLE OF CONTENTS 
  

							
	 Article
	  	  	  	 Page
	 
			
		  	Preamble	  	 	4	  
	  1	  	Business Covered	  	 	4	  
	  2	  	Retention and Limit	  	 	4	  
	  3	  	Maximum Limits of Liability	  	 	5	  
	  4	  	Term	  	 	6	  
	  5	  	Special Termination	  	 	6	  
	  6	  	Territory	  	 	7	  
	  7	  	Exclusions	  	 	8	  
	  8	  	Assignments	  	 	10	  
	  9	  	Premium and Maintenance Fees	  	 	10	  
	10	  	Provisional Ceding Commission	  	 	10	  
	11	  	Commission Adjustment	  	 	10	  
	12	  	Reports and Remittances	  	 	11	  
	13	  	Definitions	  	 	12	  
	14	  	Extra Contractual Obligations/Excess of Policy Limits	  	 	13	  
	15	  	Net Retained Liability	  	 	14	  
	16	  	Original Conditions	  	 	14	  
	17	  	No Third Party Rights	  	 	14	  
	18	  	Loss Settlements	  	 	15	  
	19	  	Commutation	  	 	15	  
	20	  	Offset	  	 	16	  
	21	  	Salvage and Subrogation	  	 	16	  
	22	  	Currency	  	 	16	  
	23	  	Unauthorized Reinsurance	  	 	17	  
	24	  	Taxes	  	 	19	  
	25	  	Access to Records	  	 	19	  
	26	  	Confidentiality	  	 	20	  
	27	  	Indemnification and Errors and Omissions	  	 	21	  
	28	  	Insolvency	  	 	21	  
	29	  	Arbitration	  	 	22	  
	30	  	Service of Suit	  	 	25	  
	31	  	Governing Law	  	 	26	  
	32	  	Entire Agreement	  	 	26	  
	33	  	Intermediary	  	 	26	  
	34	  	Mode of Execution	  	 	26	  
		  	Company Signing Block	  	 	27	  

  

					
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 AUTOMOBILE QUOTA SHARE REINSURANCE CONTRACT 

TABLE OF CONTENTS 
  

							
	 Attachments
	  	  	  	 Page
	 
			
		  	Nuclear Incident Exclusion Clause - Physical Damage - Reinsurance - U.S.A.	  	 	28	  
		  	Nuclear Incident Exclusion Clause - Liability - Reinsurance - U.S.A.	  	 	30	  
		  	Trust Agreement Requirements Clause	  	 	35	  

  

					
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 AUTOMOBILE QUOTA SHARE REINSURANCE CONTRACT 

(the “Contract”) 
 issued to 
 AFFIRMATIVE INSURANCE COMPANY 

Burr Ridge, Illinois 
 (the “Company”) 
 by 

THE SUBSCRIBING REINSURER(S) IDENTIFIED 
 IN THE INTERESTS AND LIABILITIES AGREEMENT(S) 
 ATTACHED TO AND FORMING
PART OF THIS CONTRACT 
 (the “Reinsurer”) 
 ARTICLE 1 
 BUSINESS COVERED 

 

	A.	This Contract is to indemnify the Company in respect of the liability accruing to the Company as a result of loss or losses under Policies classified by the Company as
Private Passenger Automobile Physical Damage and Liability, written or renewed during the term of this Contract by or on behalf of the Company, subject to the terms and conditions herein contained. The subject Policies shall include business assumed
by the Company as 100% quota share reinsurance from USAgencies Casualty Insurance Company, USAgencies Direct Insurance Company and Insura Property and Casualty Insurance Company. 

 

	B.	It is understood that the business reinsured under this Contract is deemed to include coverages extended for non-resident drivers under the Motor Vehicle Financial
Responsibility Law or the Motor Vehicle Compulsory Insurance Law, or any similar law of any state or province, following the provisions of the Company’s Policies when they include or are deemed to include so called “out of state
insurance” provisions. 

 ARTICLE 2 
 RETENTION AND LIMIT 
  

	A.	The Company shall cede, and the Reinsurer shall accept as reinsurance, a 28.0% quota share of all business reinsured hereunder. The Reinsurer shall pay to the Company
the Reinsurer’s quota share of losses under the Policies, Loss Adjustment Expense, Extra Contractual Obligations, and Loss in Excess of Policy Limits covered under this Contract. However, the Reinsurer’s liability for Extra Contractual
Obligations, Loss in Excess of Policy Limits and losses arising from class action suits, combined, shall not exceed 5.0% of Net Premiums Earned. 

  

					
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	B.	Notwithstanding the above, the Reinsurer’s liability shall not exceed its quota share of the following: 

 

	 	1.	As respects Casualty business, $100,000 anyone loss, anyone Claim Feature. “Claim Feature” means each claimant or person with respect to each of the following
coverages: Automobile Physical Damage, Property Damage, Bodily Injury, Uninsured Motorists, Underinsured Motorists, Personal Injury Protection or Medical Payments, as defined within the Policy; 

 

	 	2.	As respects Property business, $3,000,000 any one loss occurrence. 

  

	C.	The Reinsurer’s liability for all losses subject hereunder shall not exceed 120.0% of the Net Premiums Earned subject to this Contract. 

 

	D.	The Company may maintain physical damage catastrophe excess of loss reinsurance and casualty excess of loss reinsurance, recoveries under which shall inure to the
benefit of this Contract. 

  

	E.	It is agreed that the earned portion of the Gross Net Written Premium Income for Policies subject to this Contract shall not exceed $339,285,700, unless specially
accepted and approved in writing by the Reinsurer. In the event the premium limit applies, the quota share cession hereunder shall be reduced in the same proportion that $95,000,000 (being 28.0% of $339,285,700) bears to the earned portion of the
Company’s subject Gross Net Written Premium Income. 

 ARTICLE 3 

MAXIMUM LIMITS OF LIABILITY 
  

	A.	The limits of liability of the Company with respect to anyone Policy shall be deemed not to exceed: 

 

			
	Bodily Injury Liability	  	$100,000 each person
$300,000 each occurrence
	Property Damage Liability	  	$100,000 each occurrence
	Comprehensive/Collision Coverage	  	$70,000 per vehicle
	 Uninsured/Underinsured Motorists Coverage
	  	$100,000/$300,000/$100,000
		
	 Personal Injury Protection (PIP)/Property Protection Insurance (PPI)/Residual Liability Insurance
	  	Statutory limits
	Medical Payment	  	$10,000

  

					
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	B.	The amounts shown above shall be extended to follow the liability of the Company in the event of the stacking of Policy limits, or if the company is required by
statute, regulation or by an order of an insurance department to increase the minimum coverage limits. 

ARTICLE 4 

TERM 
  

	A.	This Contract shall take effect on January 1, 2011, and remain in effect until December 31, 2011, both days inclusive, in respect of Policies written or
renewed during the term of this Contract. 

  

	B.	At expiration or termination of this Contract, the Reinsurer shall return the ceded unearned premium, net of provisional ceding commission, as of the date of expiration
or termination, on business in force at that date, in which event the Reinsurer shall be released from liability for losses occurring after expiration or termination. 

ARTICLE 5 

SPECIAL TERMINATION 
  

	A.	The Company may terminate a Subscribing Reinsurer’s share in this Contract at any time by giving not less than 30 days’ prior written notice to the
Subscribing Reinsurer, or the Subscribing Reinsurer may terminate this Contract by giving not less than 30 days’ prior written notice to the Company in the event any of the following circumstances occur: 

 

	 	1.	the other party has experienced a Change in Control; or 

  

	 	2.	failure of the other party to make payment of any undisputed balance under this Contract when due, and failure to remit the overdue payment within 30 days of the due
date; or 

  

	 	3.	the other party’s policyholders’ surplus at the inception of this Contract has been reduced by more than 30.0% of the amount of surplus 12 months prior to
that date; or 

  

	 	4.	the other party’s policyholders’ surplus at any time during the term of this Contract has been reduced by more than 30.0% of the amount of surplus at the date
of the other party’s most recent financial statement filed with regulatory authorities and available to the public as of the inception of this Contract; or 

 

	 	5.	a State Insurance Department or other legal authority orders the other party to cease writing business. 

  

					
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	B.	The Company may terminate this Contract at any time by giving written notice to the Subscribing Reinsurer in the event any of the following circumstances occur:

  

	 	1.	the Subscribing Reinsurer has become insolvent or has been placed into liquidation or receivership (whether voluntary or involuntary) or proceedings have been
instituted against the Subscribing Reinsurer for the appointment of a receiver, liquidator, rehabilitator, conservator or trustee in bankruptcy, or other agent known by whatever name, to take possession of its assets or control of its operations; or

  

	 	2.	the Subscribing Reinsurer’s A.M. Best’s rating is assigned or downgraded below “A-”; or 

 

	 	3.	the Subscribing Reinsurer has reinsured its entire liability under this Contract without the Company’s prior written consent; or 

 

	 	4.	the Subscribing Reinsurer ceases assuming new and renewal property and casualty treaty reinsurance business. 

 

	C.	For purposes of this Article, a “Change in Control”, as respects a party to this Contract, means that a Person has entered into an agreement or understanding
to purchase, sell or otherwise obtain (whether by stock or asset purchase, bulk reinsurance, merger, consolidation or otherwise, in one or a series of transactions), or has so purchased, sold or otherwise transferred or obtained, a controlling
interest in the party. Without limiting the foregoing, a Person shall be deemed to have a controlling interest in the party if such Person owns, controls or holds an ownership interest in the party of at least 51 %. For the purposes of this
paragraph, a “Person” means an individual, corporation, limited liability company, partnership, association, trust, unincorporated entity or governmental entity. 

 

	D.	If this Contract is terminated in accordance with either paragraph A or B above, this Contract shall terminate on a cut-off basis as set forth in the Term Article. The
reinsurance premium due the Subscribing Reinsurer hereunder shall be pro rated based on the period of the Subscribing Reinsurer’s participation hereon, and the Subscribing Reinsurer shall immediately return any excess premium received.

 ARTICLE 6 
 TERRITORY 
 The territorial limits of this Contract shall be identical with those of the
Company’s Policies. However, coverage under this Contract shall be limited to Policies issued in the states of Alabama, California, Illinois, Indiana, Louisiana, Missouri, New Mexico, South Carolina and Texas. 

  

					
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 ARTICLE 7 
 EXCLUSIONS 
  

	A.	This Contract shall not cover and specifically excludes: 

  

	 	1.	Loss or damage that is occasioned by war, invasion, hostilities, acts of foreign enemies, civil war, rebellion, insurrection, military or usurped power, or martial law
or confiscation by order of any government or public authority. This War Exclusion Clause shall not, however, apply to interests which at time of loss or damage are within the territorial limits of the United States of America (comprising the fifty
States of the Union, the District of Columbia, and including bridges between the U.S.A. and Mexico provided they are under United States ownership), Canada, St. Pierre and Miquelon, provided such interests are insured under Policies containing a
standard war or hostilities or warlike operations exclusion clause. 

  

	 	2.	Business excluded by the following attached Nuclear Incident Exclusion Clauses: 

 

	 	a.	Nuclear Incident Exclusion Clauses - Liability - Reinsurance - U.S.A. 

  

	 	b.	Nuclear Incident Exclusion Clauses - Physical Damage-Reinsurance-U.S.A. 

  

	 	3.	Pools, Associations and Syndicates, except as provided in the Assignments Article. 

 

	 	4.	Mortgage Impairment Insurance or other similar covers, however styled. 

  

	 	5.	Products Liability, Professional Malpractice Liability, Directors’ & Officers’ Liability, Securities and Exchange Commission Liability, Workers’
Compensation and Employers Liability. 

  

	 	6.	Loss arising out of the ownership, maintenance or use of any vehicle, the principal use of which is as: 

 

	 	a.	a public or livery conveyance; 

  

	 	b.	an emergency vehicle; 

  

	 	c.	a drive-yourself motor vehicle available for leasing periods of less than six months; 

 

	 	d.	an automobile used in speed contests and races; 

  

	 	e.	a motorcycle. 

  

	 	f.	a vehicle used in hauling goods for others. 

  

	 	g.	a vehicle used in hauling hazardous chemicals or radioactive substances. 

  

					
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	 	h.	a vehicle operating under time constraints, including messenger or delivery service. 

 

	 	7.	Reinsurance assumed, except for business assumed from affiliated companies, agency reinsurance and business assumed from Texas county mutual insurance companies.

  

	 	8.	Losses arising from seepage and pollution as per the Company’s original Policies and any amendments attached thereto. This exclusion will not apply, however, when
the judicial entity having legal jurisdiction invalidates the Company’s pollution exclusion when such liability was intended to be excluded from coverage. 

 

	 	9.	Acts of Terrorism that involve the use, release, or escape of nuclear, biological or chemical materials, or directly or indirectly result in nuclear reaction or
radiation or radioactive contamination; and it appears that the purpose of the terrorism was to release such materials. “Acts of Terrorism” means an act, including but not limited to the use of force or violence and/or the threat thereof,
of any person or group(s) of persons, whether acting alone or on behalf of or in connection with any organization(s), committed for political, religious, ideological or similar purposes including the intention to influence any government and/or to
put the public, or any section of the public, in fear. 

 This exclusion shall not be construed to apply to loss
occasioned by riots, strikes, civil commotion, vandalism or malicious damage as those terms have been interpreted by United States Courts to apply to insurance policies. 

 

	 	10.	Loss arising from exposure to asbestos, to the extent excluded in the Company’s Policy. 

 

	 	11.	Any penalties, late fees, litigation expenses, arbitration fees or costs incurred as a result of late payment of PIP benefits. 

 

	 	12.	Ex-Gratia Settlements, which means a payment for which there is no possibility of legal obligation on the part of the Company under the terms and conditions of the
Policy and which is made solely to maintain the good will of the original insured. 

  

	 	13.	Flood. 

  

	 	14.	Earthquake, landslide or other earth movement. 

  

	B.	Business which is beyond the terms, conditions or limitations of this Contract may be submitted to the Reinsurer for special acceptance hereunder and such business, if
accepted by the Reinsurer in writing, shall be subject to all of the terms, conditions and limitations of this Contract except as modified by the special acceptance. 

  

					
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 ARTICLE 8 
 ASSIGNMENTS 
 The provisions of this Contract shall apply to risks assigned to the Company
under any Assigned Risk Plan or similar plan if, in the opinion of the Company, such risks were assigned to the Company because of the business written and reinsured hereunder. 
 ARTICLE 9 
 PREMIUM AND MAINTENANCE FEES 

 

	A.	The Company shall cede to the Reinsurer its quota share percentage of the Gross Net Written Premium Income. 

 

	B.	If this Contract is not commuted on or prior to January 1, 2014, the Company shall, in addition to the premium ceded hereunder, pay the Reinsurer a Maintenance
Fee, unless the commutation has not occurred because the Reinsurer has not concurred with the Company’s calculation of the commutation amount, in accordance with the provisions of paragraph A of the Commutation Article. The Maintenance Fee
shall be calculated at 1.50% of ceded premium hereunder, and shall be payable within 30 days after January 1, 2014. However, the Maintenance Fee shall be waived should Losses Incurred exceed 80.0% of Net Premiums Earned, calculated as of
January 1, 2014. 

 ARTICLE 10 
 PROVISIONAL CEDING COMMISSION 
  

	A.	The Reinsurer shall allow the Company a provisional ceding commission of 26.50% of the Gross Net Written Premium Income ceded hereunder. The Company shall allow the
Reinsurer return commission on return premiums at the same rate. 

  

	B.	It is expressly agreed that the ceding commission allowed the Company includes provision for all dividends, commissions, taxes, assessments and all other expenses of
whatever nature, except Loss Adjustment Expenses. 

 ARTICLE 11 

COMMISSION ADJUSTMENT 
  

	A.	The provisional commission allowed the Company shall be adjusted in accordance with the provisions set forth herein. The adjusted commission rate shall be calculated as
follows and be applied to Net Premiums Earned: 

  

	 	1.	if the ratio of Losses Incurred to Net Premiums Earned is 67.50% or greater, the adjusted commission rate shall be 26.50%; 

  

					
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	 	2.	if the ratio of Losses Incurred to Net Premiums Earned is less than 67.50%, but not less than 63.50%, the adjusted commission rate shall be 26.50%, plus the difference
in percentage points between 67.50% and the actual ratio of Losses Incurred to Net Premiums Earned; 

  

	 	3.	if the ratio of Losses Incurred to Net Premiums Earned is 63.50% or less, the adjusted commission rate shall be 30.50%. 

 

	B.	Within 30 days after 12 months after the expiration date of this Contract, and annually thereafter until all losses subject hereto have been finally settled, the
Company shall calculate and report the adjusted commission on Net Premiums Earned. If the adjusted commission on Net Premiums Earned is less than commissions previously allowed by the Reinsurer on Net Premiums Earned, the Company shall remit the
difference to the Reinsurer with its report. If the adjusted commission on Net Premiums Earned is greater than commissions previously allowed by the Reinsurer on Net Premiums Earned, the Reinsurer shall remit the difference to the Company as
promptly as possible after receipt and verification of the Company’s report. 

 ARTICLE 12 

REPORTS AND REMITTANCES 
  

	A.	Within 30 days following the end of each month, the Company shall furnish the Reinsurer with a report summarizing: 

 

	 	1.	Gross Net Written Premium Income during the month; 

  

	 	2.	reinsurance premium on Gross Net Written Premium Income collected during the month; 

 

	 	3.	the provisional ceding commission on (2) above; 

  

	 	4.	ceded loss and Loss Adjustment Expense paid during the month; and 

  

	 	5.	ceded subrogation, salvage, or other recoveries during the month. 

 If the balance of (2) less (3) less (4) plus (5) above is positive for any month, the Company shall remit the amount due within 50 days after the close of the month. If said balance is
negative, the Reinsurer shall remit the amount due within 15 days after receipt of the account. 

  

					
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	B.	In addition to the above, the Company shall advise the Reinsurer promptly of all losses that, in the opinion of the Company, may result in a claim of at least $100,000
and of all subsequent developments thereto that may materially affect the position of the Reinsurer. 

  

	C.	In addition, the Company shall furnish the Reinsurer with a monthly statement showing the unearned premium reserves, and the reserves for outstanding losses including
losses incurred but not reported. The Company shall also provide the Reinsurer with such other information as may be required by the Reinsurer for completion of its NAIC annual statements. 

ARTICLE 13 

DEFINITIONS 
  

	A.	“Loss Adjustment Expense” means costs and expenses incurred by the Company in connection with the investigation, appraisal, adjustment, settlement,
litigation, defense or appeal of a specific claim or loss, or alleged loss, including but not limited to: 

  

	 	1.	court costs; 

  

	 	2.	costs of supersedeas and appeal bonds; 

  

	 	3.	monitoring counsel expenses; 

  

	 	4.	legal expenses and costs incurred in connection with coverage questions and legal actions connected thereto, including but not limited to declaratory judgment actions;

  

	 	5.	post-judgment interest; 

  

	 	6.	pre-judgment interest, unless included as part of an award or judgment; 

  

	 	7.	a pro rata share of salaries and expenses of Company field employees, calculated in accordance with the time occupied in adjusting such loss, and expenses of other
Company employees who have been temporarily diverted from their normal and customary duties and assigned to the field adjustment of losses covered by this Contract; and 

 

	 	8.	subrogation, salvage and recovery expenses. 

 “Loss Adjustment Expense” does not include office and other overhead expenses, nor salaries and expenses of the Company’s employees, except as provided in subparagraph (7) above.

  

	B.	“Gross Net Written Premium Income” means gross written premium of the Company for the classes of business reinsured hereunder, less return premiums, and less
written premiums ceded by the Company for reinsurance that inures to the benefit of this Contract. 

  

					
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 However, as respects casualty excess of loss reinsurance purchased by the Company, no
more than 0.13% of gross written premium shall be deducted in calculating “Gross Net Written Premium Income.” 
  

	C.	“Net Premiums Earned” means ceded Gross Net Written Premium Income less the unearned portion thereof as of the effective date of calculation.

  

	D.	“Losses Incurred” means ceded losses (including Loss Adjustment Expense, Extra Contractual Obligations and Loss in Excess of Policy Limits) paid as of the
effective date of calculation, plus the ceded loss reserves outstanding as of the same date. 

  

	E.	“Policy” means any binder, policy, or contract of insurance or reinsurance issued, accepted or held covered provisionally or otherwise, by or on behalf of the
Company. 

 ARTICLE 14 
 EXTRA CONTRACTUAL OBLIGATIONS/EXCESS OF POLICY LIMITS 
  

	A.	This Contract shall cover Extra Contractual Obligations, as provided in the Retention and Limit Article. “Extra Contractual Obligations” shall be defined as
those liabilities not covered under any other provision of this Contract and that arise from the handling of any claim on business covered hereunder, such liabilities arising because of, but not limited to, the following: failure by the Company to
settle within the Policy limit, or by reason of alleged or actual negligence, fraud or bad faith in rejecting an offer of settlement or in the preparation of the defense or in the trial of any action against its insured or reinsured or in the
preparation or prosecution of an appeal consequent upon such action. 

  

	B.	This Contract shall cover Loss in Excess of Policy Limits, as provided in the Retention and Limit Article. “Loss in Excess of Policy Limits” shall be defined
as Loss in excess of the Policy limit, having been incurred because of, but not limited to, failure by the Company to settle within the Policy limit or by reason of alleged or actual negligence, fraud or bad faith in rejecting an offer of settlement
or in the preparation of the defense or in the trial of any action against its insured or reinsured or in the preparation or prosecution of an appeal consequent upon such action. 

 

	C.	An Extra Contractual Obligation and/or Loss in Excess of Policy Limits shall be deemed to have occurred on the same date as the loss covered under the Company’s
Policy, and shall constitute part of the original loss. 

  

	D.	For the purposes of the Loss in Excess of Policy Limits coverage hereunder, the word “Loss” shall mean any amounts for which the Company would have been
contractually liable to pay had it not been for the limit of the original Policy. 

  

	E.	Loss Adjustment Expense in respect of Extra Contractual Obligations and/or Loss in Excess of Policy Limits shall be covered hereunder in the same manner as other Loss
Adjustment Expense. 

  

					
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	F.	However, this Article shall not apply where the loss has been incurred due to fraud of a member of the Board of Directors or a corporate officer of the Company acting
individually or collectively or in collusion with any individual or corporation or any other organization or party involved in the presentation, defense or settlement of any claim covered hereunder. 

 

	G.	In no event shall coverage be provided to the extent not permitted under law. 

 ARTICLE 15 
 NET RETAINED LIABILITY 

 

	A.	This Contract applies only to that portion of any loss that the Company retains net for its own account (prior to deduction of any reinsurance that inures solely to the
benefit of the Company). 

  

	B.	The amount of the Reinsurer’s liability hereunder in respect of any loss or losses shall not be increased by reason of the inability of the Company to collect from
any other reinsurer(s), whether specific or general, any amounts that may have become due from such reinsurer(s), whether such inability arises from the insolvency of such other reinsurer(s) or otherwise. 

ARTICLE 16 
 ORIGINAL
CONDITIONS 
 All reinsurance under this Contract shall be subject to the same rates, terms, conditions, waivers and interpretations, and to
the same modifications and alterations as the respective Policies of the Company. However, in no event shall this be construed in any way to provide coverage outside the terms and conditions set forth in this Contract. 

ARTICLE 17 
 NO THIRD
PARTY RIGHTS 
 This Contract is solely between the Company and the Reinsurer, and in no instance shall any insured, claimant or other third
party have any rights under this Contract except as may be expressly provided otherwise herein. 

  

					
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 ARTICLE 18 
 LOSS SETTLEMENTS 
  

	A.	When so requested in writing, the Company shall afford the Reinsurer or its representatives an opportunity to be associated with the Company, at the expense of the
Reinsurer, in the defense of any claim, suit or proceeding involving this Contract, and the Company and the Reinsurer shall cooperate in every respect in the defense of such claim, suit or proceeding. Notwithstanding the above, the Company alone and
at its full discretion shall adjust, settle or compromise all claims and losses. 

  

	B.	As respects losses subject to this Contract, all loss settlements made by the Company, whether under strict Policy terms or by way of compromise, and any Extra
Contractual Obligations and/or Loss in Excess of Policy Limits, shall be binding upon the Reinsurer, and the Reinsurer agrees to pay or allow, as the case may be, its share of each such settlement in accordance with this Contract.

 ARTICLE 19 
 COMMUTATION 
  

	A.	As respects all losses, known or unknown, that may cause a claim under this Contract, the losses shall be commuted two years after the expiration date of this Contract.
As promptly as possible after such date, the Company shall submit a statement of valuation of the outstanding claim or claims showing the elements considered reasonable to establish the commutation amount, and, if the Reinsurer concurs with the
Company’s calculation, it shall promptly pay the amount requested. 

  

	B.	If the parties fail to agree on the commutation amount determined under paragraph A above, they shall settle any difference by mutually selecting an actuary to
determine the commutation amount. If the parties cannot agree on a single actuary within 15 days after the Reinsurer’s notice that it does not concur with the Company’s statement of valuation, the parties shall settle the difference by
using a panel of three actuaries. In that event, each party shall appoint an actuary within 30 days after receipt of the written request for commutation. Upon such appointment, the two actuaries shall appoint a third actuary. If the two actuaries
fail to agree on the selection of a third actuary within 30 days of their appointment, each of them shall name three individuals, of whom the other shall decline two, and the decision shall be made by drawing lots. The actuary or actuaries shall
then investigate and capitalize such loss(es). All actuaries shall be fellows of the Casualty Actuarial Society or the American Academy of Actuaries, and shall be disinterested in the outcome of the commutation. 

  

					
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	C.	The Reinsurer’s proportion of the amount so determined shall be considered the Reinsurer’s total liability for the losses, and the Reinsurer shall pay the
commutation amount promptly after execution by both parties of a commutation and release agreement. Payment of the commutation amount by the Reinsurer, and acceptance of that payment by the Company, shall constitute a complete release of both
parties from all further liability hereunder. 

 ARTICLE 20 

OFFSET 
 Each party to this Contract
together with their successors or assigns shall have and may exercise, at any time, the right to offset any balance or balances due the other (or, if more than one, any other). Such offset may include balances due under this Contract and any other
contracts heretofore or hereafter entered into between the parties regardless of whether such balances arise from premiums, losses, maintenance fees, or otherwise, and regardless of capacity of any party, whether as assuming insurer and/or ceding
insurer, under the various contracts involved, provided, however, that in the event of insolvency of a party hereto, offsets shall only be allowed in accordance with any applicable law, statute or regulation governing such offset shall apply.

 ARTICLE 21 

SALVAGE AND SUBROGATION 
  

	A.	Salvages and all recoveries (including amounts due from all reinsurances that inure to the benefit of this Contract, whether recovered or not), shall be first deducted
from any loss to arrive at the amount of liability attaching hereunder. 

  

	B.	All salvages, recoveries or payments recovered or received subsequent to loss settlement hereunder shall be applied as if recovered or received prior to the aforesaid
settlement, and all necessary adjustments shall be made by the parties hereto. 

 ARTICLE 22 

CURRENCY 
  

	A.	Where the word “Dollars” and/or the sign “$” appear in this Contract, they shall mean United States Dollars. 

 

	B.	For purposes of this Contract, where the Company receives premiums or pays losses in currencies other than United States Dollars, such premiums or losses shall be
converted into United States Dollars at the actual rates of exchange at which these premiums or losses are entered in the Company’s books. 

  

					
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 ARTICLE 23 
 UNAUTHORIZED REINSURANCE 
  

	A.	This Article applies only to the extent a Subscribing Reinsurer does not qualify for credit with any insurance regulatory authority having jurisdiction over the
Company’s reserves. 

  

	B.	The Company agrees, in respect of its Policies or bonds falling within the scope of this Contract, that when it files with its insurance regulatory authority, or sets
up on its books liabilities as required by law, it shall forward to the Reinsurer a statement showing the proportion of such liabilities applicable to the Reinsurer. The “Reinsurer’s Obligations” shall be defined as follows:

  

	 	1.	unearned premium (if applicable); 

  

	 	2.	known outstanding losses that have been reported to the Reinsurer and Loss Adjustment Expense relating thereto; 

 

	 	3.	losses and Loss Adjustment Expense paid by the Company but not recovered from the Reinsurer; 

 

	 	4.	losses incurred but not reported and Loss Adjustment Expense relating thereto; 

 

	 	5.	all other amounts for which the Company cannot take credit on its financial statements unless funding is provided by the Reinsurer. 

 

	C.	The Reinsurer’s Obligations shall be funded by funds withheld, cash advances, Trust Agreement or a Letter of Credit (LOC). The Reinsurer shall have the option of
determining the method of funding provided it is acceptable to the insurance regulatory authorities having jurisdiction over the Company’s reserves. 

  

	D.	When funding by Trust Agreement, the Reinsurer shall ensure that the Trust Agreement complies with the provisions of the “Trust Agreement Requirements Clause”
attached hereto. When funding by an LOC, the Reinsurer agrees to apply for and secure timely delivery to the Company of a clean, irrevocable and unconditional LOC issued by a bank and containing provisions acceptable to the insurance regulatory
authorities having jurisdiction over the Company’s reserves in an amount equal to the Reinsurer’s Obligations. Such LOC shall be issued for a period of not less than one year, and shall be automatically extended for one year from its date
of expiration or any future expiration date unless 30 days (or such other time period as may be required by insurance regulatory authorities), prior to any expiration date the issuing bank shall notify the Company by certified or registered mail
that the issuing bank elects not to consider the LOC extended for any additional period. 

  

					
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	E.	The Reinsurer and the Company agree that any funding provided by the Reinsurer pursuant to the provisions of this Contract may be drawn upon at any time,
notwithstanding any other provision of this Contract, and be utilized by the Company or any successor, by operation of law, of the Company including, without limitation, any liquidator, rehabilitator, receiver or conservator of the Company, for the
following purposes, unless otherwise provided for in a separate Trust Agreement: 

  

	 	1.	to reimburse the Company for the Reinsurer’s Obligations, the payment of which is due under the terms of this Contract and that has not been otherwise paid;

  

	 	2.	to make refund of any sum that is in excess of the actual amount required to pay the Reinsurer’s Obligations under this Contract (or in excess of 102% of the
Reinsurer’s Obligations, if funding is provided by a Trust Agreement); 

  

	 	3.	to fund an account with the Company for the Reinsurer’s Obligations. Such cash deposit shall be held in an interest bearing account separate from the
Company’s other assets, and interest thereon not in excess of the prime rate shall accrue to the benefit of the Reinsurer. Any taxes payable on accrued interest shall be paid out of the assets in the account that are in excess of the
Reinsurer’s Obligations (or in excess of 102% of the Reinsurer’s Obligations, if funding is provided by a Trust Agreement). If the assets are inadequate to pay taxes, any taxes due shall be paid by the Reinsurer; 

 

	 	4.	to pay the Reinsurer’s share of any other amounts the Company claims are due under this Contract. 

 

	F.	If the amount drawn by the Company is in excess of the actual amount required for E (l) or E (3), or in the case of E (4), the actual amount determined to be due,
the Company shall promptly return to the Reinsurer the excess amount so drawn. All of the foregoing shall be applied without diminution because of insolvency on the part of the Company or the Reinsurer. 

 

	G.	The issuing bank shall have no responsibility whatsoever in connection with the propriety of withdrawals made by the Company or the disposition of funds withdrawn,
except to ensure that withdrawals are made only upon the order of properly authorized representatives of the Company. 

  

	H.	At annual intervals, or more frequently at the discretion of the Company, but never more frequently than quarterly, the Company shall prepare a specific statement of
the Reinsurer’s Obligations for the sole purpose of amending the LOC or other method of funding, in the following manner: 

  

	 	1.	If the statement shows that the Reinsurer’s Obligations exceed the balance of the LOC as of the statement date, the Reinsurer shall, within 30 days after receipt
of the statement, secure delivery to the Company of an amendment to the LOC increasing the amount of credit by the amount of such difference. Should another method of funding be used, the Reinsurer shall, within the time period outlined above,
increase such funding by the amount of such difference. 

  

					
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	 	2.	If, however, the statement shows that the Reinsurer’s Obligations are less than the balance of the LOC (or that 102% of the Reinsurer’s Obligations are less
than the trust account balance if funding is provided by a Trust Agreement), as of the statement date, the Company shall, within 30 days after receipt of written request from the Reinsurer, release such excess credit by agreeing to secure an
amendment to the LOC reducing the amount of credit available by the amount of such excess credit. Should another method of funding be used, the Company shall, within the time period outlined above, decrease such funding by the amount of such excess.

 ARTICLE 24 
 TAXES 
  

	A.	In consideration of the terms under which this Contract is issued, the Company undertakes not to claim any deduction of the premium hereon when making Canadian tax
returns or when making tax returns, other than Income or Profits Tax returns, to any state or territory of the United States of America or to the District of Columbia. 

 

					
	B.	  	1.	  	 Each Subscribing Reinsurer has agreed to allow, for the purpose of paying the Federal Excise Tax, the applicable percentage of the premium payable
hereon (as imposed under the Internal Revenue Code) to the extent such premium is subject to Federal Excise Tax.

			
		  	2.	  	 In the event of any return of premium becoming due hereunder, the Subscribing Reinsurer shall deduct the applicable percentage of the premium from
the amount of the return, and the Company or its agent should take steps to recover the Tax from the U.S. Government.

 ARTICLE 25 
 ACCESS TO RECORDS 

The Reinsurer or its duly authorized representatives shall have the right to visit the offices of the Company to inspect, examine, audit, and verify the
books and records of the Company relating to business reinsured under this Contract during regular business hours after giving five working days’ prior notice. This right shall be exercisable during the term of this Contract or after the
expiration of this Contract. Notwithstanding the above, the Reinsurer shall not have any right of access to the records of the Company if it is not current in all undisputed payments due the Company. 

  

					
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 ARTICLE 26 
 CONFIDENTIALITY 
  

	A.	The Reinsurer hereby acknowledges that the documents, information and data provided to it by the Company, whether directly or through an authorized agent, in connection
with the placement and execution of this Contract (“Confidential Information”) are proprietary and confidential to the Company. Confidential Information shall not include documents, information or data that the Reinsurer can show:

  

	 	1.	are publicly known or have become publicly known through no unauthorized act of the Reinsurer; 

 

	 	2.	have been rightfully received from a third person without obligation of confidentiality; or 

 

	 	3.	were known by the Reinsurer prior to the placement of this Contract without an obligation of confidentiality. 

 

	B.	Absent the written consent of the Company, the Reinsurer shall not disclose any Confidential Information to any third parties, including any affiliated companies,
except: 

  

	 	1.	when required by retrocessionaires subject to the business ceded to this Contract; 

 

	 	2.	when required by regulators performing an audit of the Reinsurer’s records and/or financial condition; 

 

	 	3.	when required by external auditors performing an audit of the Reinsurer’s records in the normal course of business; 

 

	 	4.	when required by attorneys or arbitrators in connection with an actual or potential dispute hereunder; or 

 

	 	5.	when required by the Reinsurer’s internal reinsurance operations. 

 Further, the Reinsurer agrees not to use any Confidential Information for any purpose not related to the performance of its obligations or enforcement of its rights under this Contract or as required by
the Reinsurer for its internal reinsurance operations. 
  

	C.	Notwithstanding the above, in the event that the Reinsurer is required by court order, other legal process or any regulatory authority to release or disclose any or all
of the Confidential Information, the Reinsurer agrees to provide the Company with written notice of same at least 10 days prior to such release or disclosure and to use its best efforts to assist the Company in maintaining the confidentiality
provided for in this Article. 

  

					
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	D.	The provisions of this Article shall extend to the officers, directors, shareholders and employees of the Reinsurer and its affiliates, and shall be binding upon their
successors and assigns. 

 ARTICLE 27 
 INDEMNIFICATION AND ERRORS AND OMISSIONS 
  

	A.	The Reinsurer is reinsuring, subject to the terms and conditions of this Contract, the obligations of the Company under any Policy. The Company shall be the sole judge
as to: 

  

	 	1.	what shall constitute a claim or loss covered under any Policy; 

  

	 	2.	the Company’s liability thereunder; 

  

	 	3.	the amount or amounts that it shall be proper for the Company to pay thereunder. 

 

	B.	The Reinsurer shall be bound by the judgment of the Company as to the obligation(s) and liability(ies) of the Company under any Policy. 

 

	C.	Any inadvertent error, omission or delay in complying with the terms and conditions of this Contract shall not be held to relieve either party hereto from any liability
that would attach to it hereunder if such error, omission or delay had not been made, provided such error, omission or delay is rectified immediately upon discovery, provided neither party has been prejudiced by the error, omission or delay.

 ARTICLE 28 
 INSOLVENCY 
  

	A.	If more than one reinsured company is referenced within the definition of “Company” in the Preamble to this Contract, this Article shall apply severally to
each such company. Further, this Article and the laws of the domiciliary state shall apply in the event of the insolvency of any company covered hereunder. In the event of a conflict between any provision of this Article and the laws of the
domiciliary state of any company covered hereunder, that domiciliary state’s laws shall prevail. 

  

	B.	 In the event of the insolvency of the Company, this reinsurance (or the portion of any risk or obligation assumed by the Reinsurer, if required by
applicable law) shall be payable directly to the Company, or to its liquidator, receiver, conservator or statutory successor, either: (1) on the basis of the liability of the Company, or (2) on the basis of claims filed and allowed in the
liquidation proceeding, whichever may be required by applicable statute, without diminution because of the insolvency of the Company or because the liquidator, receiver, conservator or statutory successor of the Company has failed to pay all or a
portion of any claim. It is agreed, however, that the liquidator, receiver, conservator or 

  

					
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statutory successor of the Company shall give written notice to the Reinsurer of the pendency of a claim against the Company indicating the Policy or bond reinsured, which claim would involve a
possible liability on the part of the Reinsurer within a reasonable time after such claim is filed in the conservation or liquidation proceeding or in the receivership, and that during the pendency of such claim, the Reinsurer may investigate such
claim and interpose, at its own expense, in the proceeding where such claim is to be adjudicated any defense or defenses that it may deem available to the Company or its liquidator, receiver, conservator or statutory successor. The expense thus
incurred by the Reinsurer shall be chargeable, subject to the approval of the court, against the Company as part of the expense of conservation or liquidation to the extent of a pro rata share of the benefit that may accrue to the Company solely as
a result of the defense undertaken by the Reinsurer. 

  

	C.	Where two or more reinsurers are involved in the same claim and a majority in interest elect to interpose defense to such claim, the expense shall be apportioned in
accordance with the terms of this reinsurance Contract as though such expense had been incurred by the Company. 

  

	D.	As to all reinsurance made, ceded, renewed or otherwise becoming effective under this Contract, the reinsurance shall be payable as set forth above by the Reinsurer to
the Company or to its liquidator, receiver, conservator or statutory successor, (except as provided by Section 4118(a)(l)(A) of the New York Insurance Law, provided the conditions of 1114(c) of such law have been met, if New York law applies)
or except (1) where the Contract specifically provides another payee in the event of the insolvency of the Company, or (2) where the Reinsurer, with the consent of the direct insured or insureds, has assumed such Policy obligations of the
Company as direct obligations of the Reinsurer to the payees under such Policies and in substitution for the obligations of the Company to such payees. Then, and in that event only, the Company, with the prior approval of the certificate of
assumption on New York risks by the Superintendent of Insurance of the State of New York, or with the prior approval of such other regulatory authority as may be applicable, is entirely released from its obligation and the Reinsurer shall pay any
loss directly to payees under such Policy. 

  

	E.	Notwithstanding the above, in the event of insolvency of those reinsured companies domiciled in the State of Illinois, the Reinsurer under this Contract shall have
rights, as more fully set forth in Section 173.2, 173.3, and 173.4 of Illinois Insurance Code, as amended. 

  

					
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 ARTICLE 29 
 ARBITRATION 
  

	A.	In the event of any dispute or difference of opinion hereafter arising with respect to this Contract, including its formation and validity, it is hereby mutually agreed
that such dispute or difference of opinion shall be submitted to binding arbitration. An arbitration shall be initiated when either party provides a written arbitration demand to the other, which shall set forth the general nature of the claim. One
arbitrator shall be chosen by the Company, the other by the Reinsurer, and an umpire shall be chosen by the two arbitrators before the arbitrators enter upon arbitration, all of whom shall be active or retired disinterested executive officers of
insurance or reinsurance companies or intermediaries with at least 10 years 0 f experience in insurance and reinsurance. In the event that a party should fail to choose an arbitrator within 30 days of receipt of an arbitration demand, the demanding
party shall nominate three candidates within 10 days thereafter, two of whom the recipient party shall decline, and the third of whom shall be selected as an arbitrator. In the event that the arbitrators should fail to agree upon an umpire within 10
days of the appointment of the last arbitrator, each party shall nominate three candidates within 10 days thereafter, two of whom the other shall decline, and the decision shall be made by drawing lots. 

 

	B.	Unless mutually agreed to in writing by both parties, each party shall be required to present its case to the arbitrators at a hearing within 180 days following the
appointment of the umpire. Unless otherwise agreed to by both parties, the hearing shall be held on consecutive days. The arbitrators shall render their written decision within 21 days following the day on which the hearing concludes.

  

	C.	The parties may, however, mutually agree to present their respective cases solely in writing, without the necessity of a formal hearing. In the event the parties so
elect, the parties shall submit initial briefs concurrently. Within 10 days of submission of the initial briefs, each party shall be entitled but not required to submit a response brief. The arbitrators shall render their written decision within 21
days after receipt of any response briefs. 

  

	D.	Notwithstanding the provisions of paragraphs A, Band C above, in the event that either party demands arbitration of a dispute between the Company and the Reinsurer, and
the amount in dispute is less than $250,000, unless the arbitration notice includes a demand for rescission of this Contract, the dispute shall be resolved by a sole arbitrator and the following procedures shall apply: 

 

	 	a.	The sole arbitrator shall be chosen by mutual agreement of the parties within 15 business days after the demand for arbitration. If the parties have not chosen an
arbitrator within the 15 business days after the receipt of the arbitration notice, the arbitrator shall be chosen in accordance with the Neutral Arbitrator Selection Procedure modified for a single arbitrator, established by the AIDA Reinsurance
and Insurance Arbitration Society – U.S. (ARIAS) and in force on the date the arbitration is demanded. The nominated arbitrator must be available to read any written submissions and hear testimony within 60 calendar days of being chosen.

  

	 	b.	Within 10 business days after the arbitrator has been appointed, the parties shall be notified of deadlines for the submission of briefs and documentary evidence, as
determined by the arbitrator. There shall be no discovery or hearing unless the parties agree to engage in limited discovery and/or a hearing. Also, the arbitrator can determine, without the consent of the parties, that a limited hearing is
necessary. 

  

					
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	E.	The parties desire that any arbitration proceed expeditiously. To that end, any written and/or oral discovery shall be conducted within the time limits set forth
herein. To the extent the parties wish to conduct discovery, the parties shall in good faith attempt to negotiate and agree on reasonable discovery. If the parties are unable to agree on the extent of any reasonable discovery to be conducted, the
issue of what, if any, discovery to be conducted shall be presented to the arbitrators. In that event, the arbitrators may allow reasonable discovery consistent with the parties’ desire to proceed expeditiously and within the time limits set
forth herein. 

  

	F.	The arbitrators shall consider this Contract as an honorable engagement rather than merely as a legal obligation; however, in resolving any dispute between the parties,
the arbitrators shall first attempt in all instances to give effect to the plain meaning of the language set forth in the written agreement. Notwithstanding anything to the contrary in this Contract, the arbitrators may at their discretion, consider
underwriting and placement information provided by the Company to the Reinsurer, as well as any correspondence exchanged by the parties that is related to this Contract; however, such information may not be used to alter the terms of this Contract
or the parties’ obligations hereunder. The decision of the arbitrators shall be final and binding on both parties; but failing to agree, the arbitrators shall call in the umpire and the decision of the majority of the arbitrators and the umpire
shall be final and binding upon both parties. Judgment upon the final decision of the arbitrators may be entered in any court having competent jurisdiction. 

 

	G.	If more than one Subscribing Reinsurer is involved in the same dispute, all such Subscribing Reinsurers may constitute and act as one party for purposes of this Article
and communications may be made by the Company to each of the Subscribing Reinsurers constituting one party, provided, however, that nothing herein shall impair the rights of such Subscribing Reinsurers to assert several, rather than joint, defenses
or claims, nor be construed as changing the liability of the Subscribing Reinsurers participating under the terms of this Contract from several to joint. 

  

	H.	Each party shall bear the expense of its own arbitrator and shall jointly and equally bear with the other the expense of the umpire and of the arbitration. In the event
that one party or both parties fails to choose an arbitrator, as above provided, the expense of the arbitrators, the umpire and the arbitration shall be equally divided between the two parties. 

 

	I.	Unless otherwise agreed to by both parties, any arbitration proceedings shall take place at Burr Ridge, Illinois. 

  

					
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 ARTICLE 30 
 SERVICE OF SUIT 
  

	A.	This Article applies only to those Subscribing Reinsurers not domiciled in the United States of America, and/or not authorized in any state, territory and/or district
of the United States of America where authorization is required by insurance regulatory authorities. 

  

	B.	This Article shall not be read to conflict with or override the obligations of the parties to arbitrate their disputes as provided for in the Arbitration Article. This
Article is intended as an aid to compelling arbitration or enforcing such arbitration or arbitral award, not as an alternative to the Arbitration Article for resolving disputes arising out of this Contract. 

 

	C.	In the event of the failure of the Reinsurer to perform its obligations hereunder, the Reinsurer, at the request of the Company, shall submit to the jurisdiction of a
court of competent jurisdiction within the United States. Nothing in this Article constitutes or should be understood to constitute a waiver of the Reinsurer’s rights to commence an action in any court of competent jurisdiction in the United
States, to remove an action to a United States District Court, or to seek a transfer of a case to another court as permitted by the laws of the United States or of any state in the United States. The Reinsurer, once the appropriate court is
selected, whether such court is the one originally chosen by the Company and accepted by Reinsurer or is determined by removal, transfer, or otherwise, as provided for above, shall comply with all requirements necessary to give said court
jurisdiction and, in any suit instituted against the Reinsurer upon this Contract, shall abide by the final decision of such court or of any appellate court in the event of an appeal. 

 

	D.	Service of process in such suit may be made upon Messrs. Mendes and Mount, 750 Seventh Avenue, New York, New York 10019-6829, or another party specifically designated
in the applicable Interests and Liabilities Agreement attached hereto. The above-named are authorized and directed to accept service of process on behalf of the Reinsurer in any such suit. 

 

	E.	Further, pursuant to any statute of any state, territory or district of the United States that makes provision therefor, the Reinsurer hereby designates the
Superintendent, Commissioner or Director of Insurance, or other officer specified for that purpose in the statute, or his successor or successors in office, as its true and lawful attorney upon whom may be served any lawful process in any action,
suit or proceeding instituted by or on behalf of the Company or any beneficiary hereunder arising out of this Contract, and hereby designates the above-named as the person to whom the said officer is authorized to mail such process or a true copy
thereof. 

  

					
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 ARTICLE 31 
 GOVERNING LAW 
 As respects each reinsured company, this Contract shall he governed as to
performance, administration and interpretation by the laws of the state of domicile of that reinsured company, exclusive of that state’s conflict of law rules. In the event there are two or more reinsured companies involved in a dispute with
the Reinsurer, and the dispute is not subject to the Arbitration Article, the court in which suit is filed shall decide, based on conflict of law rules, where the dispute shall be heard and which law shall be applied. However, with respect to credit
for reinsurance, the rules of all applicable states shall apply. 
 ARTICLE 32 

ENTIRE AGREEMENT 
 This Contract sets
forth all of the duties and obligations between the Company and the Reinsurer and supersedes any and all prior or contemporaneous written agreements with respect to matters referred to in this Contract. This Contract may not be modified or changed
except by an amendment to this Contract in writing signed by both parties. 
 ARTICLE 33 

INTERMEDIARY 
 Guy Carpenter &
Company, LLC, is hereby recognized as the Intermediary negotiating this Contract for all business hereunder. All communications (including notices, statements, premiums, return premiums, commissions, taxes, losses, Loss Adjustment Expenses,
salvages, and loss settlements) relating thereto shall be transmitted to the Company or the Reinsurer through Guy Carpenter & Company, LLC, 3600 Minnesota Drive, Suite 400, Edina, Minnesota 55435-7902. Payments by the Company to the
Intermediary shall be deemed payment to the Reinsurer. Payments by the Reinsurer to the Intermediary shall be deemed payment to the Company only to the extent that such payments are actually received by the Company. 

ARTICLE 34 
 MODE OF
EXECUTION 
  

	A.	This Contract may be executed by: 

  

	 	1.	an original written ink signature of paper documents; 

  

					
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	 	2.	an exchange of facsimile copies showing the original written ink signature of paper documents; 

 

	 	3.	electronic signature technology employing computer software and a digital signature or digitizer pen pad to capture a person’s handwritten signature in such a
manner that the signature is unique to the person signing, is under the sole control of the person signing, is capable of verification to authenticate the signature and is linked to the document signed in such a manner that if the data is changed,
such signature is invalidated. 

  

	B.	The use of anyone or a combination of these methods of execution shall constitute a legally binding and valid signing of this Contract. This Contract may be executed in
one or more counterparts, each of which, when duly executed, shall be deemed an original. 

 IN WITNESS
WHEREOF, the Company caused this Contract to be executed by its duly authorized representative(s) this 28th day of December, in the year of 2010. 
 AFFIRMATIVE INSURANCE COMPANY

 /s/ Michael J. McClure 
  

 
 AUTOMOBILE QUOTA SHARE
REINSURANCE CONTRACT 

  

					
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 NUCLEAR INCIDENT EXCLUSION CLAUSE - PHYSICAL DAMAGE - 

REINSURANCE - U.S.A. 
  

	1.	This Reinsurance does not cover any loss or liability accruing to the Reassured, directly or indirectly, and whether as Insurer or Reinsurer, from any Pool of Insurers
or Reinsurers formed for the purpose of covering Atomic or Nuclear Energy risks. 

  

	2.	Without in any way restricting the operation of paragraph (1) of this clause, this Reinsurance does not cover any loss or liability accruing to the Reassured,
directly or indirectly and whether as Insurer or Reinsurer, from any insurance against Physical Damage (including business interruption or consequential loss arising out of such Physical Damage) to: 

 

	 	I.	Nuclear reactor power plants including all auxiliary property on the site, or 

 

	 	II.	Any other nuclear reactor installation, including laboratories handling radioactive materials in connection with reactor installations, and “critical
facilities” as such, or 

  

	 	III.	Installations for fabricating complete fuel elements or for processing substantial quantities of “special nuclear material”, and for reprocessing, salvaging,
chemically separating, storing or disposing of “spent” nuclear fuel or waste materials, or 

  

	 	IV.	Installations other than those listed in paragraph (2) III above using substantial quantities of radioactive isotopes or other products of nuclear fission.

  

	3.	Without in any way restricting the operations of paragraphs (1) and (2) hereof, this Reinsurance does not cover any loss or liability by radioactive
contamination accruing to the Reassured, directly or indirectly, and whether as Insurer or Reinsurer, from any insurance on property which is on the same site as a nuclear reactor power plant or other nuclear installation and which normally would be
insured therewith except that this paragraph (3) shall not operate 

  

	 	(a)	where Reassured does not have knowledge of such nuclear reactor power plant or nuclear installation, or 

 

	 	(b)	where said insurance contains a provision excluding coverage for damage to property caused by or resulting from radioactive contamination, however caused. However on
and after 1st January 1960 this sub-paragraph (b) shall only apply provided the said radioactive contamination exclusion provision has been approved by the Governmental Authority having jurisdiction thereof. 

 

	4.	Without in any way restricting the operations of paragraphs (1), (2) and (3) hereof, this Reinsurance does not cover any loss or liability by radioactive
contamination accruing to the Reassured, directly or indirectly, and whether as Insurer or Reinsurer, when such radioactive contamination is a named hazard specifically insured against. 

  

					
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	U4VT0004	  	28 of 36	  	

 

 

  

  

	5.	It is understood and agreed that this clause shall not extend to risks using radioactive isotopes in any form where the nuclear exposure is not considered by the
Reassured to be the primary hazard. 

  

	6.	The term “special nuclear material” shall have the meaning given it in the Atomic Energy Act of 1954 or by any law amendatory thereof

  

	7.	Reassured to be sole judge of what constitutes: 

  

	 	(a)	substantial quantities, and 

  

	 	(b)	the extent of installation, plant or site. 

Note: Without in any way restricting the operation of paragraph (1) hereof, it is understood and agreed that 

 

	 	(a)	all policies issued by the Reassured on or before 31st December 1957 shall be free from the application of the other provisions of this Clause until expiry date or
31st December 1960 whichever first occurs whereupon all the provisions of this Clause shall apply. 

  

	 	(b)	with respect to any risk located in Canada policies issued by the Reassured on or before 31st December 1958 shall be free from the application of the other
provisions of this Clause until expiry date or 31st December 1960 whichever first occurs whereupon all the provisions of this Clause shall apply. 

 12/12/57  
 NMA 1119 

 
  
 NOTES:    Wherever used herein the terms: 
  

					
		 	“Reassured”	  	shall be understood to mean “Company”, “Reinsured”, “Reassured” or whatever other term is used in the attached reinsurance document to designate the
reinsured company or companies.
			
		 	“Agreement”	  	shall be understood to mean “Agreement”, “Contract”, “Policy” or whatever other term is used to designate the attached reinsurance
document.
			
		 	“Reinsurers”	  	shall be understood to mean “Reinsurers”, “Underwriters” or whatever other term is used in the attached reinsurance document to designate the reinsurer or
reinsurers.

  

					
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 NUCLEAR INCIDENT EXCLUSION CLAUSE - LIABILITY - REINSURANCE - U.S.A. 

 

	(l)	This reinsurance does not cover any loss or liability accruing to the Reassured as a member of, or subscriber to, any association of insurers or reinsurers formed for
the purpose of covering nuclear energy risks or as a direct or indirect reinsurer of any such member, subscriber or association. 

  

	(2)	Without in any way restricting the operation of paragraph (l) of this Clause it is understood and agreed that for all purposes of this reinsurance all the original
policies of the Reassured (new, renewal and replacement) of the classes specified in Clause II of this paragraph (2) from the time specified in Clause III in this paragraph (2) shall be deemed to include the following provision (specified
as the Limited Exclusion Provision): 

 Limited Exclusion Provision. * 

 

	 	I.	It is agreed that the policy does not apply under any liability coverage, to 

injury, sickness, disease, death or destruction 

bodily injury or property damage 
 with respect to which an insured under the policy is also an insured under a nuclear energy liability policy issued by Nuclear Energy Liability Insurance Association, Mutual Atomic Energy Liability
Underwriters or Nuclear Insurance Association of Canada, or would be an insured under any such policy but for its termination upon exhaustion of its limit of liability. 
  

	 	II.	Family Automobile Policies (liability only), Special Automobile Policies (private passenger automobiles, liability only), Farmers Comprehensive Personal Liability
Policies (liability only), Comprehensive Personal Liability Policies (liability only) or policies of a similar nature; and the liability portion of combination forms related to the four classes of policies stated above, such as the Comprehensive
Dwelling Policy and the applicable types of Homeowners Policies. 

  

	 	III.	The inception dates and thereafter of all original policies as described in II above, whether new, renewal or replacement, being policies which either

  

	 	(a)	become effective on or after 1st May, 1960, or 

  

	 	(b)	become effective before that date and contain the Limited Exclusion Provision set out above; 

provided this paragraph (2) shall not be applicable to Family Automobile Policies, Special Automobile Policies, or policies or
combination policies of a similar nature, issued by the Reassured on New York risks, until 90 days following approval of the Limited Exclusion Provision by the Governmental Authority having jurisdiction thereof. 

  

					
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	(3)	Except for those classes of policies specified in Clause II of paragraph (2) and without in any way restricting the operation of paragraph (1) of this Clause,
it is understood and agreed that for all purposes of this reinsurance the original liability policies of the Reassured (new, renewal and replacement) affording the following coverages: 

Owners, Landlords and Tenants Liability, Contractual Liability, Elevator Liability, Owners or Contractors (including railroad) Protective
Liability, Manufacturers and Contractors Liability, Product Liability, Professional and Malpractice Liability, Storekeepers Liability, Garage Liability, Automobile Liability (including Massachusetts Motor Vehicle or Garage Liability) 

shall be deemed to include, with respect to such coverages, from the time specified in Clause V of this paragraph (3), the following
provision (specified as the Broad Exclusion Provision): 
 Broad Exclusion Provision.* 

It is agreed that the policy does not apply: 
  

	 	I.	Under any Liability Coverage, to 

injury, sickness, disease, death or destruction 
 bodily injury or property damage 
  

	 	(a)	with respect to which an insured under the policy is also an insured under a nuclear energy liability policy issued by Nuclear Energy Liability Insurance Association,
Mutual Atomic Energy Liability Underwriters or Nuclear Insurance Association of Canada, or would be an insured under any such policy but for its termination upon exhaustion of its limit of liability; or 

 

	 	(b)	resulting from the hazardous properties of nuclear material and with respect to which (1) any person or organization is required to maintain financial protection
pursuant to the Atomic Energy Act of 1954, or any law amendatory thereof, or (2) the insured is, or had this policy not been issued would be, entitled to indemnity from the United States of America, or any agency thereof, under any agreement
entered into by the United States of America, or any agency thereof, with any person or organization. 

  

	 	II.	Under any Medical Payments Coverage, or under any Supplementary Payments Provision relating to 

immediate medical or surgical relief 
 first aid, 

  

					
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 to expenses incurred with respect to 

injury, sickness, disease, death or destruction 
 bodily injury 
 resulting from the hazardous properties of nuclear material and
arising out of the operation of a nuclear facility by any person or organization, 
  

	 	III.	Under any Liability Coverage, to 

injury, sickness, disease, death or destruction 
 bodily injury or property damage 
 resulting from the hazardous properties of
nuclear material, if 
  

	 	(a)	the nuclear material (1) is at any nuclear facility owned by, or operated by or on behalf of, an insured or (2) has been discharged or dispersed therefrom;

  

	 	(b)	the nuclear material is contained in spent fuel or waste at any time possessed, handled, used, processed, stored, transported or disposed of by or on behalf of an
insured; or 

  

	 	(c)	the 

 injury,
sickness, disease, death or destruction 
 bodily injury or property damage 

arises out of the furnishing by an insured of services, materials, parts or equipment in connection with the planning, construction,
maintenance, operation or use of any nuclear facility, but if such facility is located within the United States of America, its territories or possessions or Canada, this exclusion (c) applies only to 

injury to or destruction of property at such nuclear facility. 

property damage to such nuclear facility and any property thereat. 

 

	 	IV.	As used in this endorsement: 

“hazardous properties” include radioactive, toxic or explosive properties; “nuclear material” means
source material, special nuclear material or byproduct material; “source material”, “special nuclear material”, and “byproduct material” have the meanings given them in the Atomic Energy Act of 1954
or in any law amendatory thereof; “spent fuel” means any fuel element or fuel component, solid or liquid, which has been used or exposed to radiation in a nuclear reactor; “waste” means any waste material
(1) containing byproduct material other than the tailings or wastes produced by the extraction or concentration of uranium or thorium from any ore processed primarily for its source material content and (2) resulting from the operation by
any person or organization of any nuclear facility included under the first two paragraphs of the definition of nuclear facility; “nuclear facility” means 

 

	 	(a)	any nuclear reactor, 

  

					
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	 	(b)	any equipment or device designed or used for (I) separating the isotopes of uranium or plutonium, (2) processing or utilizing spent fuel, or
(3) handling, processing or packaging waste, 

  

	 	(c)	any equipment or device used for the processing, fabricating or alloying of special nuclear material if at any time the total amount of such material in the custody of
the insured at the premises where such equipment or device is located consists of or contains more than 25 grams of plutonium or uranium 233 or any combination thereof, or more than 250 grams of uranium 235, 

 

	 	(d)	any structure, basin, excavation, premises or place prepared or used for the storage or disposal of waste, 

and includes the site on which any of the foregoing is located, all operations conducted on such site and all premises used for such
operations; “nuclear reactor” means any apparatus designed or used to sustain nuclear fission in a self-supporting chain reaction or to contain a critical mass of fissionable material; 

With respect to injury to or destruction of property, the word “injury” or “destruction” includes all forms of
radioactive contamination of property. “property damage” includes all forms of radioactive contamination of property. 
  

	 	V.	The inception dates and thereafter of all original policies affording coverages specified in this paragraph (3), whether new, renewal or replacement, being policies
which become effective on or after 1st May, 1960, provided this paragraph (3) shall not be applicable to 

  

	 	(i)	Garage and Automobile Policies issued by the Reassured on New York risks, or 

 

	 	(ii)	statutory liability insurance required under Chapter 90, General Laws of Massachusetts, 

until 90 days following approval of the Broad Exclusion Provision by the Governmental Authority having jurisdiction thereof. 

  

					
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	(4)	Without in any way restricting the operation of paragraph (1) of this Clause, it is understood and agreed that paragraphs (2) and (3) above are not
applicable to original liability policies of the Reassured in Canada and that with respect to such policies this Clause shall be deemed to include the Nuclear Energy Liability Exclusion Provisions adopted by the Canadian Underwriters’
Association or the Independent Insurance Conference of Canada. 

  

 
 *NOTE.    The words
printed in italics in the Limited Exclusion Provision and in the Broad Exclusion Provision shall apply only in relation to original liability policies which include a Limited Exclusion Provision or a Broad Exclusion Provision containing those words.

  
  

 
  

					
	NOTES:	 	Wherever used herein the terms:
			
		 	“Reassured”	  	shall be understood to mean “Company”, “Reinsured”, “Reassured” or whatever other term is used in the attached reinsurance document to designate the
reinsured company or companies.
			
		 	“Agreement”	  	shall be understood to mean “Agreement”, “Contract”, “Policy” or whatever other term is used to designate the attached reinsurance
document.
			
		 	“Reinsurers”	  	shall be understood to mean “Reinsurers”, “Underwriters” or whatever other term is used in the attached reinsurance document to designate the reinsurer or
reinsurers.

 21/9/67 

NMA 1590 (amended) 

  

					
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 TRUST AGREEMENT REQUIREMENTS CLAUSE 

 

	A.	Except as provided in paragraph B of this Clause, if the Reinsurer satisfies its funding obligations under the Unauthorized Reinsurance Article by providing a Trust
Agreement, the Reinsurer shall ensure that the Trust Agreement: 

  

	 	1.	Requires the Reinsurer to establish a trust account for the benefit of the Company, and specifies what the Trust Agreement is to cover; 

 

	 	2.	Stipulates that assets deposited in the trust account shall be valued according to their current fair market value and shall consist only of cash (United States legal
tender), certificates of deposit (issued by a United States bank and payable in United States legal tender), and investments of the types permitted by the regulatory authorities having jurisdiction over the Company’s reserves, or any
combination of the three, provided that the investments are issued by an institution that is not the parent, subsidiary or affiliate of either the Reinsurer or the Company; 

 

	 	3.	Requires the Reinsurer, prior to depositing assets with the trustee, to execute assignments or endorsements in blank, or to transfer legal title to the trustee of all
shares, obligations or any other assets requiring assignments, in order that the Company, or the trustee upon the direction of the Company, may whenever necessary negotiate these assets without consent or signature from the Reinsurer or any other
entity; 

  

	 	4.	Requires that all settlements of account between the Company and the Reinsurer be made in cash or its equivalent; and 

 

	 	5.	Provides that assets in the trust account shall be withdrawn only as permitted in this Contract, without diminution because of the insolvency of the Company or the
Reinsurer. 

  

	B.	If a ceding insurer is domiciled in California and the Reinsurer satisfies its finding obligations under the Unauthorized Reinsurance Article by providing a Trust
Agreement, the Reinsurer shall ensure that the Trust Agreement: 

  

	 	1.	Provides that assets deposited in the trust account shall be valued according to their current fair market value and shall consist only of cash in United States
dollars, certificates of deposit issued by a United States financial institution as defined in California Insurance Code Section 922.7(a) and payable in United States dollars, and investments permitted by the California Insurance Code, or any
combination of the above. 

  

	 	2.	Provides that investments in or issued by an entity controlling, controlled by or under common control with either the grantor or the beneficiary of the trust shall not
exceed 5% of total investments. 

  

					
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	 	3.	Requires the Reinsurer, prior to depositing assets with the trustee, to execute assignments or endorsements in blank, or to transfer legal title to the trustee of all
shares, obligations or any other assets requiring assignments, in order that the ceding insurer, or the trustee upon the direction of the ceding insurer, may, whenever necessary, negotiate these assets without consent or signature from the Reinsurer
or any other entity. 

  

	 	4.	Provides that assets in the trust account shall be withdrawn only as permitted in this Contract, without diminution because of the insolvency of the ceding insurer or
the Reinsurer. 

  

	C.	If there are multiple ceding insurers that collectively comprise the Company, “regulatory authorities” as referenced in subparagraph A(2) above, shall mean
the individual ceding insurer’s domestic regulator. If such ceding insurer is subject to the commercial domicile laws or regulations of another state, such laws or regulations shall apply to the extent not in conflict with those of such ceding
insurer’s domicile. 

  

					
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	U4VT0004	  	36 of 36Patent Cross License Agreement

 Exhibit 10.1 
 [ * ] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the
Securities Exchange Act of 1934, as amended. 
 PATENT CROSS LICENSE AGREEMENT 

BETWEEN 
 NVIDIA CORPORATION AND INTEL CORPORATION 
 This Patent License Agreement
(“Agreement”) is entered into as of January 10, 2011 (“Effective Date”) by and between NVIDIA Corporation, a Delaware corporation, having an office at 2701 San Tomas Expressway, Santa Clara, California 95050
(“NVIDIA”), and Intel Corporation, a Delaware corporation, having an office at 2200 Mission College Blvd., Santa Clara, California 95052 (“Intel”) (each of NVIDIA and Intel being a “Party” and
together the “Parties”). 
 IN CONSIDERATION OF THE MUTUAL COVENANTS AND PROMISES CONTAINED HEREIN, THE PARTIES AGREE AS
FOLLOWS: 
  

	1.	DEFINITIONS 

  

	1.1.	“Capture Period” shall mean any time on or prior to March 31, 2017. 

 

	1.2.	“Chipset License” shall mean the Chipset License Agreement entered into by and between Intel and NVIDIA dated November 18, 2004, as amended by Amendment
to Chipset License Agreement dated December 22, 2010. 

  

	1.3.	“Claims” shall mean all claims, including, without limitation, counterclaims and cross-claims, actions, causes of action, costs, damages, debts, demands,
expenses, liabilities, losses, obligations, proceedings and suits of every kind and nature, liquidated or unliquidated, fixed or contingent, at law, in equity or otherwise, (including, without limitation, all claims that have been or could have been
asserted in the Litigation, all claims of patent infringement and claims based on any antitrust or unfair competition laws), and whether presently known or unknown, that either Party (or any of its Subsidiaries) may have against the other Party (or
any of its Subsidiaries, directors or officers) for damages (whether compensatory, special, incidental, consequential, punitive, exemplary or otherwise) or any other relief (including, without limitation, injunctive relief, declaratory relief,
rescission or recissionary damages, interest, attorneys’ fees, costs, expenses or any other form of legal or equitable relief). 

  

	1.4	“Embedded Flash Memory Products” shall mean non-volatile Integrated Circuits: (i) that are electrically programmable and electrically erasable; and
(ii) whose primary function is not data storage. 

  

	1.5.	“Flash Memory Products” shall mean non-volatile Integrated Circuits capable of storing data that are electrically programmable and electrically erasable,
provided that a product that is an Embedded Flash Memory Product shall not be considered a Flash Memory Product. 

  

	1.6.	“Information System Product” shall mean any active or passive circuit element, apparatus, appliance, circuit assembly, computer, device, equipment, firmware,
microcode, housing, Integrated Circuit, instrumentality, material, method, process, service, software, substrate or other means for calculating, classifying, combining, computing, detecting, displaying, handling, hosting, imaging, inputting,
manifesting, measuring, modifying, networking, originating, photographing, playing, printing, processing, providing, receiving, recording, reproducing, retrieving, scanning, serving, storing, switching, transmitting or utilizing data or other
information for business, scientific, control or other purposes, including components and subsystems thereof or supplies therefore. 

  

	1.7.	“Integrated Circuit” shall mean an integrated unit comprising one or more active and/or passive circuit elements associated on one or more substrates, such
unit forming, or contributing to the formation of, a circuit for performing electrical functions (including, if provided therewith, housing and/or supporting means). 

 

	1.8.	“Intel Architecture Emulator” shall mean software, firmware, or hardware that, through emulation, simulation or any other process, allows a computer or other
device that does not contain an Intel Compatible Processor, or a processor that is not an Intel Compatible Processor, to execute binary code that is capable of being executed on an Intel Compatible Processor. 

 

	1.9.	“Intel Bus” shall mean a proprietary bus or other data path first introduced by Intel during the Capture Period (a) that is capable of transmitting
and/or receiving information within an Integrated Circuit or between two or more Integrated Circuits, together with the set of protocols defining the electrical, physical, timing and functional characteristics, sequences and control procedures of
such bus or data path; and (b) to which Intel has not granted a license nor committed to grant a license through its participation in a government sponsored, industry sponsored, or contractually formed group or any similar organization that is
dedicated to creating publicly available standards or specifications; and (c) which neither Intel nor any Intel Subsidiary (during any time such Intel Subsidiary has met the requirements of being a Subsidiary) has publicly disclosed without an
obligation of confidentiality to enable third parties to design integrated circuits that connect to such bus or interconnect. Examples of buses to which Intel has granted or committed to grant a license in connection with an organization set forth
in (b) include the PCI bus, the PCI Express bus, the USB bus and the AGP bus. 

  

	1.10.	“Intel Compatible Chipsets” shall mean one or more Integrated Circuits that alone or together are capable of electrically connecting directly (with or without
buffering or pin reassignment) with an Intel Processor using one or more buses at least one of which is an Intel Processor Bus to connect the Intel Processor with any other device (or group of devices) including, without limitation, Processors,
input/output devices, networks, and memory. 

  
 -2-

 [*] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the
Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended. 

  

	1.11.	“Intel Compatible Compiler” shall mean a compiler that generates object code that can, with or without additional linkage processing, be executed on any Intel
Processor. 

  

	1.12.	“Intel Compatible Processor” shall mean any Processor that (a) can perform substantially the same functions as an Intel Processor by compatibly executing
or otherwise processing (i) a substantial portion of the instruction set of an Intel Processor or (ii) object code versions of applications or other software targeted to run on an Intel Processor, in order to achieve substantially the same
result as an Intel Processor; or (b) is substantially compatible with an Intel Processor Bus. 

  

	1.13.	“Intel Licensed Product” shall mean any Intel product or service that constitutes an Information System Product, that if sold, is sold, directly or
indirectly, by Intel as Intel’s own product (subject to the limitations set forth in Section 3.4) and not on behalf of another. 

  

	1.14.	 “Intel Processor” shall mean a Processor (a) first developed by, for or with substantial participation by Intel or any Intel Subsidiary
at any time prior to or after the Effective Date, or (b) for which ownership of the architecture, design or core has been purchased or otherwise acquired by Intel or any Intel Subsidiary prior to the Effective Date, including without limitation
the Intel® 8086, 80186, 80286, 80386, 80486, Celeron®, Pentium®, CoreTM Solo
T1300, CoreTM 2 Duo E6850, CoreTM 2 Duo E6400, CoreTM Duo T2700, CoreTM i3 370M, CoreTM i5 430M, CoreTM i7 840QM, AtomTM Processor Z560, AtomTM Processor Z530P, AtomTM Processor D525, StrongARM, XScale®, XeonTM, Itanium®, MXP, IXP, 80860 and 80960 processors and microprocessor families, and the 8087, 80287, and 80387 math coprocessor families. Notwithstanding anything else in this
Agreement, the Parties acknowledge that (i) the StrongARM and XScale® Processors are considered to be Intel
Processors only with respect to those portions of the Processors that are Intel Proprietary Extensions, and (ii) unless Intel or an Intel Subsidiary purchased or otherwise acquired ownership of the respective Third Party Proprietary Processor
prior to the Effective Date, no Third Party Proprietary Processor shall be considered an Intel Processor. This does not amend or alter in any way the rights that NVIDIA may or may not have under any other license agreement with any licensor other
than Intel or its Subsidiaries. 

  

	1.15.	“Intel Processor Bus” shall mean an Intel Bus that is capable of connecting an Intel Processor to another Intel Processor, to an Intel Compatible Chipset or
to a main memory or cache. 

  

	1.16.	“Intel Proprietary Extensions” shall mean, for Intel StrongARM and XScale Processors, a set of instructions first introduced by Intel or any Intel Subsidiary
that are extensions to a pre-existing instruction set first introduced by a third party which is also implemented in such Intel Processor. 

  

	1.17.	“Intel Proprietary Product” shall mean Intel Processors, Intel Compatible Processors, Intel Architecture Emulators, Intel Compatible Compilers, Intel
Compatible Chipsets, any product that contains or implements any Intel Processor Bus, and Flash Memory Products. For clarity, the presence of a Third Party Proprietary Processor in a product that qualifies as an Intel Proprietary Product in the
absence of such Third Party Proprietary Processor shall not prevent such product from being an Intel Proprietary Product. 

  
 -3-

 [*] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the
Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended. 

  

	1.18.	“Licensed Product” shall mean an NVIDIA Licensed Product or an Intel Licensed Product as applicable. 

 

	1.19.	“NVIDIA Licensed Product” shall mean any NVIDIA product or service that constitutes an Information System Product, that if sold, is sold, directly or
indirectly, by NVIDIA as NVIDIA’s own product (subject to the limitations set forth in Section 3.4) and not on behalf of another, provided that NVIDIA Licensed Products shall not include any Intel Proprietary Products.

  

	1.20.	“Patents” shall mean all classes or types of patents other than design patents (including, without limitation, originals, divisions, continuations,
continuations-in-part, extensions or reissues), and applications for these classes or types of patents throughout the world (collectively “Patent Rights”) that (a) are owned or controlled by the applicable Party or any of its
Subsidiaries or to which such entities have the right to grant licenses in each case at any time on or after the Effective Date, and (b) have a first effective filing date during the Capture Period and to the extent that the applicable Party or
its Subsidiaries has the right to grant licenses within and of the scope set forth herein and without the requirement to pay consideration to any third party (other than Subsidiaries or to its and their employees) for the grant of a license under
this Agreement. 

  

	1.21.	“Person” shall mean a trust, corporation, partnership, joint venture, limited liability association, unincorporated organization or other legal or
governmental entity. 

  

	1.22.	“Processor” shall mean any Integrated Circuit or combination of Integrated Circuits capable of processing digital data, such as a microprocessor or
coprocessor (including, without limitation, a math coprocessor, processor core, graphics processor, or digital signal processor). 

  

	1.23.	“Qualified Subsidiary” shall mean any Person, now or hereafter, in which a Party owns or controls (either directly or indirectly) the following:

  

	 	(a)	(i) an interest entitling such Party to receive more than fifty percent (50%) of the profits and/or losses of such Person; and (ii) the requirement to account
for the interest in such Person using the consolidation method of accounting under US GAAP; and 

  

	 	(b)	either of the following: 

  

	 	(1)	if such Person has voting shares (or other voting securities), more than fifty percent (50%) of the outstanding shares (or other voting securities) entitled to
vote for the election of directors or similar managing authority; or 

  
 -4-

 [*] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the
Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended. 

  

	 	(2)	if such Person does not have voting shares (or other voting securities), more than fifty percent (50%) of the ownership interest that represents the right to make
decisions for such Person of the type and nature that would be made by the holders of the voting shares (or other voting securities) of such Person were such Person to have voting shares (or other voting securities). 

A Person shall be deemed to be a Qualified Subsidiary under this Agreement only so long as: 

 

	 	(c)	the Party owning or controlling the interest required under subsection (a) above has not contractually or otherwise agreed to forfeit, assign or otherwise alienate
any part of its share of the profits or losses distributed by the entity except payments, transfers or distributions not associated with any conduct described in (d) below (e.g., dividends paid or committed to be paid to shareholder base,
liquidation preferences granted or paid with respect to certain classes of securities, repayment of debt); and 

  

	 	(d)	the Party owning or controlling the shares, securities, or other ownership interest required under subsections (b)(1) or (b)(2) above has not contractually or otherwise
surrendered, limited, or in any other way constrained in any material respect its authority to elect the managing authority or make decisions for the entity; and 

 

	 	(e)	all requisite conditions of being a Qualified Subsidiary are met. 

 For the sake of clarification only, the Parties acknowledge and agree that bona fide employee profit-sharing plans and bona fide arrangements, such as, incentive plans and executive bonuses shall not
constitute an agreement to forfeit or transfer a Party’s share of profits pursuant to subsection (c) above. 
  

	1.24.	“Subsidiary” shall mean any Person, now or hereafter existing, in which a Party owns or controls (either directly or indirectly) any of the following:

  

	 	(a)	the combination of (i) the direct or indirect interest or right sufficient to receive more than fifty percent (50%) of the profits and/or losses of a Person;
and (ii) the requirement to account for the interest in such Person using the consolidation method of accounting under US GAAP; or 

  

	 	(b)	if such Person has voting shares (or other voting securities), more than fifty percent (50%) of the outstanding shares (or other voting securities) entitled to
vote for the election of directors or similar managing authority; or 

  

	 	(c)	if such Person does not have voting shares (or other voting securities), more than fifty percent (50%) of the ownership interest that represents the right to make
decisions for such Person of the type and nature that would be made by the holders of the voting shares (or other voting securities) of such Person were such Person to have voting shares (or other voting securities). 

  
 -5-

 [*] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the
Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended. 

 A Person shall be deemed to be a Subsidiary under this Agreement only during the time that
the requisite conditions of being a Subsidiary are met. 
  

	1.25.	“Third Party Proprietary Processor” shall mean a Processor architecture, Processor design or Processor core (including the instruction set natively supported
by such architecture, design or core) that (a) is not an Intel Compatible Processor, and (b) was first developed and introduced (whether through offer for sale or offer for license) by ARM Holdings PLC, or any of its Subsidiaries, or any
other third party. A Third Party Proprietary Processor as defined above shall remain a Third Party Proprietary Processor regardless of what Intel or any Intel Subsidiary may do with such Third Party Proprietary Processor after its introduction.

  

	1.26.	“US GAAP” shall mean United States Generally Accepted Accounting Principles. 

 

	2.	MUTUAL RELEASES 

  

	2.1	Intel’s Release of NVIDIA. As of the Effective Date, and by operation of this Agreement, Intel, on behalf of itself and its Subsidiaries, hereby fully,
finally and forever releases, quitclaims, relinquishes and discharges all Claims that Intel or any of its Subsidiaries ever had, now has, or in the future may have against NVIDIA or any of its Subsidiaries, its past and present directors and
officers and its predecessors, successors and assigns, whether known or unknown, on account of any action, inaction, matter, thing or event, that occurred or failed to occur at any time through to and including the Effective Date.

  

	2.2	NVIDIA’s Release of Intel. As of the Effective Date, and by operation of this Agreement, NVIDIA, on behalf of itself and its Subsidiaries, hereby fully,
finally and forever releases, quitclaims, relinquishes and discharges all Claims that NVIDIA or any of its Subsidiaries ever had, now has, or in the future may have against Intel or any of its Subsidiaries, its past and present directors and
officers and its predecessors, successors and assigns, whether known or unknown, on account of any action, inaction, matter, thing or event, that occurred or failed to occur at any time through to and including the Effective Date. Additionally,
nothing in this Agreement is intended to or shall be construed to amend Intel’s November 2, 2010 settlement with the Federal Trade Commission (or any subsequent modifications thereof). 

 

	2.3	Known and Unknown Claims. Each Party, on behalf of itself and its Subsidiaries, expressly waives the benefits of any statutory provision or common law rule that
provides, in sum or substance, that a release does not extend to claims that the Party does not know or expect to exist in its favor at the time of executing the release, which if known by it, would have materially affected its settlement with the
other Party. In particular, but without limitation, each Party expressly waives the provisions of California Civil Code § 1542, which reads: 

 A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY
AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR. 

  
 -6-

 [*] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the
Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended. 

  

	2.4	Dismissal of the Litigation. Immediately upon execution of this Agreement by both Parties, both Parties shall cause to be filed in the Delaware Court of Chancery
a Stipulation for Dismissal with Prejudice of the Litigation, with each Party to bear its own fees and costs, with a Proposed Order of Dismissal in the form attached hereto as Exhibit A. Each Party shall take reasonable steps to promptly secure the
execution of the Proposed Order of Dismissal by the Delaware Court of Chancery. 

  

	2.5	Covenant Not to Sue. The Parties expressly understand that both direct and indirect breaches of this Section 2 are precluded. Therefore, each Party, on
behalf of itself and its Subsidiaries, agrees that such Party and each of its Subsidiaries will not institute or prosecute, against the other, any action or other proceeding based in whole or in part upon any Claims released by this Agreement.
Further, each Party, on behalf of itself and its Subsidiaries, agrees that such Party and each of its Subsidiaries will not authorize or solicit the commencement or prosecution against the other Party or any of its Subsidiaries of any action or
other legal proceeding based in whole or in part upon any Claims released by this Agreement. 

  

	3.	GRANT OF RIGHTS 

 

	3.1.	NVIDIA License to Intel. Subject to the terms and conditions of this Agreement, NVIDIA on behalf of itself and its Subsidiaries hereby grants to Intel and its
current and future Qualified Subsidiaries a non-exclusive, non-transferable, worldwide license, without the right to sublicense, under NVIDIA’s Patents to: 

 

	 	(a)	make, use, sell (directly and/or indirectly), offer to sell, import and otherwise dispose of all Intel Licensed Products; and 

 

	 	(b)	make, have made (subject to the limitations set forth in Section 3.3), use and/or import any equipment and practice any method or process for the manufacture, use,
import and/or sale of Intel Licensed Products; and 

  

	 	(c)	have made (subject to the limitations set forth in Section 3.3) Intel Licensed Products by another manufacturer for supply solely to Intel and/or its Qualified
Subsidiaries for use, import, sale, offer for sale or disposition by Intel and/or its Qualified Subsidiaries pursuant to the license granted above in Section 3.1(a). 

 

	3.2.	Intel License to NVIDIA. Subject to the terms and conditions of this Agreement, Intel on behalf of itself and its Subsidiaries hereby grants to NVIDIA and its
current and future Qualified Subsidiaries a non-exclusive, non-transferable, worldwide license, without the right to sublicense, under Intel’s Patents to: 

 

	 	(a)	make, use, sell (directly and/or indirectly), offer to sell, import and otherwise dispose of all NVIDIA Licensed Products; and 

  
 -7-

 [*] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the
Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended. 

  

	 	(b)	make, have made (subject to the limitations set forth in Section 3.3), use and/or import any equipment and practice any method or process for the use, import
and/or sale of all NVIDIA Licensed Products; and 

  

	 	(c)	have made (subject to the limitations set forth in Section 3.3) NVIDIA Licensed Products by another manufacturer for supply solely to NVIDIA and/or its Qualified
Subsidiaries for use, import, sale, offer for sale or disposition by NVIDIA and/or its Qualified Subsidiaries pursuant to the license granted above in Section 3.2(a). 

For clarity, (i) the license granted to Intel under Section 3.1(a) includes the right of customers of Intel to use, sell, offer
for sale, or otherwise dispose of Intel Licensed Products worldwide, and (ii) the licenses granted to NVIDIA under Sections 3.2(a) include the right of customers of NVIDIA to use, sell, offer for sale, or otherwise dispose of NVIDIA Licensed
Products worldwide, in each case, regardless of the jurisdiction in which such Licensed Products were first sold or manufactured, to the same extent that the Patent Rights of the licensor Party in such Licensed Product would be deemed to have been
exhausted under United States law if such Licensed Products were first sold in the United States. 
  

	3.3.	Have Made Rights. 

  

	 	(a)	Each Party’s rights to have Licensed Products manufactured for it by third parties under the licenses granted under Sections 3.1 and 3.2 above shall apply only
when (i) the designs, specifications and working drawings (individually and collectively “Product Specifications”) for the manufacture of such a product to be manufactured by such third party are furnished to the third party
manufacturer by the Party licensed under this Agreement (“Licensed Party”) and (ii) the Product Specifications are not originally provided by the third party manufacturer to the Licensed Party unless the Licensed Party also has
unrestricted ownership of such design. 

  

	 	(b)	The parties understand and acknowledge that a Party’s Licensed Products may consist of software, and that software is often distributed to end users by providing a
single master copy of such software to a distributor, replicator, VAR, OEM or other agent and authorizing such agent to reproduce such software in substantially identical form and distribute it as a product of the providing Party. Accordingly, the
parties agree that the licenses granted in this Section 3 are intended to apply to the reproduction and subsequent distribution, as a product of the providing Party, of such software Licensed Products in substantially identical form by such
authorized agent. 

  

	 	(c)	Upon written request of the Party to this Agreement that grants the relevant license to the Licensed Party (“Requesting Party”), the Licensed Party
shall, within thirty (30) days of receiving such request, inform the Requesting Party in writing whether, and if so to what extent, any manufacturer identified by the Requesting Party is manufacturing any Licensed Product for the Licensed Party
pursuant to the “have made” rights granted under this Agreement. 

  
 -8-

 [*] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the
Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended. 

  

	3.4.	Clarification Regarding Patent Laundering. The Parties understand and acknowledge that the licenses granted hereunder are intended to cover only the products of
the two Parties to this Agreement, and are not intended to cover manufacturing activities that either Party may undertake on behalf of third parties (patent laundering activities). Similarly, the licenses provided under this Agreement are not
intended to cover services provided by the parties to the extent that such services are provided to or on behalf of a third party using tangible or intangible materials provided by or on behalf of the third party. Accordingly, by way of
clarification, the following guidelines are provided to aid the determination of whether a Party’s product is a Licensed Product as defined herein or whether such product is disqualified from being a Licensed Product because circumstances
surrounding the manufacture of the product suggest patent laundering. 

  

	 	(a)	Products of either Party (including, without limitation, Application Specific Integrated Circuits “ASICs”) that otherwise meet the definition of
Licensed Product are disqualified as Licensed Products if such products are manufactured on behalf of a third party from designs received in a substantially completed form from a third party for resale to or on behalf of that Party.

  

	 	(b)	Products of either Party (including, without limitation, ASICs) that otherwise meet the definition of Licensed Product are not disqualified as Licensed Products under
the prohibition against patent laundering set forth in this Section 3.4 if the Party hereto selling or otherwise disposing of such product owns the design of such product and is under no obligation that restricts the sale of such product.

 Notwithstanding anything contained in this Section 3.4 to the contrary, the provisions set forth in
Section 3.4(a) and 3.4(b) that disqualify products manufactured by a Party or its Qualified Subsidiary from falling within the definition of Licensed Product shall not apply to manufacturing methods and processes that a Party or its Qualified
Subsidiary may employ in the manufacture of foundry products for its foundry customers. 
  

	3.5.	Licenses and Subsidiaries. 

  

	 	(a)	Intention for Subsidiaries to be Bound. 

  

	 	(1)	Except as expressly set forth herein, the parties intend that this Agreement shall bind and apply to all of each Party’s Subsidiaries and the Patents held thereby.
The parties agree that to the extent they are not already bound, each Party shall use reasonable and diligent efforts to ensure that all such Subsidiaries are bound by the terms of this Agreement. 

 

	 	(2)	 Each Party agrees to take all steps that are reasonable and in good faith under the circumstances to ensure that all Patents directed to inventions
that are made by its employees and/or Patents directed to inventions that are made by its contractors during performance of 

  
 -9-

 [*] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the
Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended. 

	 	 
work paid for by the Party, in each case, either alone or in conjunction with the employees and/or contractors of one or more of its Subsidiaries or third parties (to the extent legally possible)
are licensed under this Agreement. Each Party further agrees to take all steps that are reasonable and in good faith under the circumstances to ensure that all Patents directed to inventions that are made in substantial part using funding provided
directly or indirectly by that Party and/or its Subsidiaries are licensed under this Agreement. 

  

	 	(3)	Notwithstanding the foregoing, however, both parties understand and intend that there are circumstances in which a Party could reasonably agree in good faith with an
independent third party that the Party would not have rights to license and/or enforce Patents directed to inventions developed in conjunction with employees and or contractors of such third party. For example, both parties understand that it could
be reasonable under the circumstances for a Party to agree in good faith not to have rights to license and/or enforce Patents directed to inventions that arise out of: (i) bona fide joint development projects based in substantial part on the
pre-existing technology of an independent third party; (ii) bona fide joint development projects undertaken with the significant assistance of the employees and/or contractors of an independent third party; or (iii) bona fide development
projects funded in substantial part by and for the benefit of a state or federal government or a university. 

  

	 	(4)	Either Party to this Agreement shall have the right to request a written confirmation or denial from the other Party to this Agreement that a specific Subsidiary is (or
is not) bound by this Agreement. A Party receiving such a request shall provide such written confirmation (including a full explanation in support of such confirmation or denial) within thirty (30) days after the receipt of the request.

  

	 	(b)	In the event that neither a Party nor any of its Subsidiaries has the right to grant a license under any particular patent right of the scope set forth herein, then the
license granted herein under such Patent shall be of the broadest scope which the licensing party or any of its Subsidiaries has the right to grant. 

  

	 	(c)	If a third party has the right to grant licenses under a patent to a Party and its Qualified Subsidiaries (as “Licensee”) with the consent of the other
Party or any of its Subsidiaries, said other Party and/or its Subsidiaries shall provide said third party with any consent required to enable said third party to license said Licensee, to the extent such patent would have been licensed hereunder if
such patent had been owned by a Party, on whatever terms such third party may deem appropriate. Each Party, on behalf of itself and its Subsidiaries, waives any right it may have to receive royalties or other consideration from said third party as a
result of said third party’s so licensing said Licensee within the scope of the releases and/or licenses granted under Sections 2 and 3 of this Agreement. 

  
 -10-

 [*] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the
Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended. 

  

	 	(d)	The parties represent, warrant and covenant that they shall not participate in the creation or acquisition of Subsidiaries where a primary purpose of such creation or
acquisition is to extend the benefits of this Agreement to a third party and agree that any such attempt to extend such benefits shall be null and void. 

  

	 	(e)	If either Party and/or one or more of their Subsidiaries (“First Party”) owns or has the right to enforce, control or significantly influence the
enforcement of any rights in any patent but such First Party does not have the right to license (in part or in whole) those rights to the other Party to this Agreement (the “Second Party”) hereunder (“Restricted Patent
Rights”), then, if and to the extent that such Restricted Patent Rights would have been licensed to the Second Party if the First Party had the right to license such patents: 

 

	 	(1)	the First Party agrees that it shall not assert such Restricted Patent Rights against the Licensed Products of the Second Party or any Party’s manufacture, use,
sale, offer for sale or import of such products; 

  

	 	(2)	the First Party shall not give its consent to allow a third party entity to assert the Restricted Patent Rights against the Licensed Products of the Second Party or any
party’s manufacture, use, sale, offer for sale or import of such products; provided that (i) this restriction shall be dropped if the Second Party first initiates litigation alleging infringement of patent rights against the holder of the
Restricted Patent Rights, and (ii) in any event the First Party shall be free to fulfill its preexisting contractual obligations to provide assistance and support as may be required under the relevant contractual agreement; and

  

	 	(3)	the First Party promises to off-set or repay to the Second Party any monetary awards for damages and/or royalties actually to be paid or paid by the Second Party and
owing to said First Party as a result of litigation or in compromise of any claim by the holder of the Restricted Patent Rights against the Licensed Products of the Second Party or any party’s manufacture, use, sale, offer for sale or import of
such products to the extent reasonably attributable to such Restricted Patent Rights. 

  

	 	(f)	The extension of license rights to a Qualified Subsidiary shall apply only during the time period when such Subsidiary meets all requisite conditions of a Qualified
Subsidiary. However, if a Subsidiary of a Party that holds any Patents that are licensed to the other Party hereunder ceases to meet all requisite conditions of being a Subsidiary, the licenses granted by such Subsidiary to the other Party under
this Agreement shall continue for the life of such Patents even after such entity ceases to meet all the requirements of being a Subsidiary. 

  
 -11-

 [*] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the
Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended. 

  

	 	(g)	Notwithstanding anything to the contrary contained herein, in the event that either Party or any of its Subsidiaries obtains rights to grant licenses under any patents
that would be included within the Patents licensed hereunder but for the fact that such a license would require the Party granting such license to make payments to a third party, such patents shall be included within the NVIDIA Patents or the Intel
Patents, as the case may be, if the Party to whom such patents would be licensed under this Agreement agrees in a separate written agreement to be bound by, and protect such grantor against, those payment obligations. 

 

	3.6.	Waiver of Indirect Infringement Liability. 

  

	 	(a)	For purposes of this Section 3.6, “Indirect Infringement” means a claim for infringement where the accused infringer is not directly infringing
the subject patent rights(s), but is in some manner contributing to a third party’s direct infringement of the subject patent rights(s) by, for example, supplying parts or instructions to the third party that as a result of such parts or
instructions enable such third party to infringe directly the subject patent rights(s). Indirect Infringement includes without limitation contributory infringement and inducing infringement. 

 

	 	(b)	Each Party agrees that, unless the licenses it has granted hereunder are terminated pursuant to Section 4.2, for any Patents licensed hereunder and/or subject to
Section 3.5(e), it and its Subsidiaries will not assert a claim of Indirect Infringement against the other Party or its Qualified Subsidiaries licensed hereunder (“Licensed Party”) to the extent such a claim would be based upon
(a) any activity for which the Licensed Party is licensed under this Agreement, or (b) the Licensed Party providing instructions regarding or sample designs related to its Licensed Products. The parties agree that the foregoing sentence
does not and shall not in any way limit their respective rights to assert direct or indirect claims of infringement against third parties. 

  

	3.7.	No Other Rights. No other rights are granted hereunder, by implication, estoppel, statute or otherwise, except as expressly provided herein. Specifically,
(i) except as expressly provided in Section 3, nothing in the licenses granted hereunder or otherwise contained in this Agreement shall expressly or by implication, estoppel or otherwise give either Party any right to license the other
Party’s Patents to others, and (ii) no license or immunity is granted by either Party hereto directly or by implication, estoppel or otherwise to any third parties acquiring items from either Party for the combination of Licensed Products
with other items or for the use of such combination. 

  

	4.	TERM AND TERMINATION FOR CAUSE 

 

	4.1.	Term. This Agreement and the rights and licenses granted hereunder shall become effective on the Effective Date, and shall continue in effect until the
expiration of the last patent licensed hereunder to expire unless such rights and licenses are sooner terminated by a Party pursuant to Section 4.2. Except as expressly set forth in Sections 4.2(a) or 4.2(b), neither this Agreement nor any of
the rights or licenses granted herein may be terminated for any reason. 

  
 -12-

 [*] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the
Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended. 

  

	4.2.	Termination for Cause. 

  

	 	(a)	NVIDIA may terminate, at its option, this Agreement or Intel’s rights and licenses hereunder upon written notice if Intel fails to pay an amount due under
Section 7.1 and does not cure such non-payment within sixty (60) days after receiving written notice from NVIDIA complaining thereof. 

  

	 	(b)	A Party hereto may terminate, at its option, this Agreement or the other Party’s rights and licenses hereunder upon sixty (60) days written notice of
termination to the other Party given at any time upon or after: 

  

	 	(1)	the filing by the other Party of a petition in bankruptcy or insolvency; 

  

	 	(2)	any adjudication that the other Party is bankrupt or insolvent; 

  

	 	(3)	the filing by the other Party of any petition or answer seeking reorganization, readjustment or arrangement of its business under any law relating to bankruptcy or
insolvency or the insolvency of such other Party; 

  

	 	(4)	the appointment of a receiver, supervisor or liquidator for all or substantially all of the property of the other Party; 

 

	 	(5)	the making by the other Party of any assignment for the benefit of creditors; 

 

	 	(6)	the institution of any proceedings for the liquidation or winding up of the other Party’s business or for the termination of its corporate charter; or

  

	 	(7)	the other Party (“Changed Party”) undergoes a Change of Control. For purposes of this Section, “Change of Control” shall mean a
transaction or a series of related transactions in which (a) one person or entity or more than one related persons or entities who did not previously own more than a fifty percent (50%) interest in the Changed Party obtains more than fifty
percent (50%) interest in the Changed Party, (b) one or more related parties who did not prior to such transaction or series of transactions have the ability to control the decisions of the Changed Party or its successor in interest, and
have subsequently obtained the ability to control the decisions of the Changed Party or its successors in interest, or (c) the Changed Party merges with or transfers substantially all of its assets to a third party in which the shareholders of
such Changed Party immediately before the transaction own less than a fifty percent (50%) interest in the acquiring or surviving entity immediately after the transaction. 

  
 -13-

 [*] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the
Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended. 

  

	 	(8)	[ * ]. 

  

	 	(c)	In the event this Agreement or the other Party’s rights and licenses hereunder are terminated under Section 4.2(a) or Subsections 4.2(b)(1) through 4.2(b)(6),
all licenses and rights granted to such terminated Party and its Qualified Subsidiaries, except for those listed in Section 4.3 and subsection (d) below, shall terminate effective immediately upon such termination, but the rights and
licenses granted to the other Party and its Qualified Subsidiaries shall survive such termination subject to the non-terminated Party’s continued compliance with the terms and conditions of this Agreement. 

 

	 	(d)	In the event either Party terminates this Agreement or the other Party’s rights and licenses hereunder under Subsection 4.2(b)(7), all licenses and rights granted
to such terminated Party and its Qualified Subsidiaries in this Agreement, except for those listed in Section 4.3, shall terminate effective immediately upon such termination, provided however that those specific Licensed Products of the
terminated Party and/or its Qualified Subsidiaries that: (i) are currently being sold by the terminated Party and/or its Qualified Subsidiaries at the date of such termination; or (ii) were actually being developed by or for the terminated
Party and/or its Qualified Subsidiaries prior to the date of such termination, are offered for sale to the public by the terminated Party and/or its Qualified Subsidiaries within nine (9) months after the date of such termination, and are sold
by the terminated Party and/or its Qualified Subsidiaries in reasonable commercial quantities for the terminated Party within ten (10) months after the date of such termination shall remain licensed under the Patents of the terminating Party
and its Subsidiaries for so long as the terminated Party complies with the terms and conditions of this Agreement. The Parties agree that this Section 4.2(d) is intended to extend the license only to the identical Licensed Products that meet
the foregoing criteria at the time of termination and that any change to the Licensed Products, including any changes to the Licensed Product capabilities, features, or design (other than (a) changes in packaging and (b) semiconductor
manufacturing process shrinks that do not alter in any way, other than clock speeds and/or voltages, the Licensed Products features or capabilities), shall render it a different product and not subject to any extended licenses under this
Section 4.2(d). In the event this Agreement or the other Party’s rights and licenses hereunder are terminated under Subsection 4.2(b)(7), all licenses and rights granted to the non-terminated Party and its Qualified Subsidiaries shall
survive such termination subject to the non-terminated Party’s continued compliance with the terms and conditions of this Agreement. 

  

	4.3.	Survival. The provisions of Sections 1, 2, 4.2(b)(7), 4.2(c), 4.2(d), 4.3, 5, 6, 7, 8 and 9 shall survive any termination or expiration of this Agreement.

  

	5.	DISCLAIMER 

  

	5.1.	Nothing contained in this Agreement shall be construed as: 

  

	 	(a)	a warranty or representation by either of the parties to this Agreement as to the validity, enforceability or scope of any class or type of Patent Right; or

  
 -14-

 [*] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the
Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended. 

  

	 	(b)	a warranty or representation that any manufacture, sale, lease, use or other disposition of Licensed Products hereunder will be free from infringement of any patent
rights or other intellectual property rights of either Party or any third party; or 

  

	 	(c)	an agreement or obligation to bring or prosecute actions or suits against third parties for infringement or conferring any right to bring or prosecute actions or suits
against third parties for infringement; or 

  

	 	(d)	an agreement or obligation to defend any action or suit brought by a third party that challenges the validity of any of its patents; or 

 

	 	(e)	conferring any right to use in advertising, publicity, or otherwise, any trademark, trade name or names, or any contraction, abbreviation or simulation thereof, of
either Party; or 

  

	 	(f)	conferring by implication, estoppel or otherwise, upon any Party licensed hereunder, any license or other right under any Patent Rights, copyright, maskwork, trade
secret, trademark other intellectual property right except the licenses and rights expressly granted hereunder; or 

  

	 	(g)	a requirement that either Party file or maintain any patent; or 

  

	 	(h)	an obligation to furnish any technical or other information or know-how; or 

 

	 	(i)	an obligation to file any patent application, or to secure any patent or patent rights, or to maintain any patent in force. 

 

	5.2	NO IMPLIED WARRANTIES. EACH PARTY HEREBY DISCLAIMS ANY IMPLIED WARRANTIES WITH RESPECT TO THE PATENTS LICENSED HEREUNDER, INCLUDING WITHOUT LIMITATION, THE
WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. 

  

	6.	CONFIDENTIALITY 

  

	6.1.	Confidentiality of Terms. The Parties shall keep the terms of Section 4.2(b)(8) (“Confidential Terms”) confidential and shall not now or
hereafter divulge the Confidential Terms to any third party except: 

  

	 	(a)	as required by law or legal process; or 

  

	 	(b)	to the extent that confidential treatment is not obtained by NVIDIA from the U.S. Securities and Exchange Commission (the “SEC”); or

  
 -15-

 [*] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the
Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended. 

  

	 	(c)	in confidence to legal counsel, accountants, banks and financing sources and other third parties and their advisors having a reasonable need to know, with disclosure to
banks and financing sources, other third parties and their advisors to be (A) made solely in connection with complying with information requests associated with contemplated or executed financial transactions or Change of Control or similar
transactions, and (B) subject to written obligations of non-disclosure, non-use and safe-keeping. 

  

	7.	FINANCIAL PROVISIONS 

  

	7.1	Payments from Intel to NVIDIA. Intel agrees to pay NVIDIA, or any U.S. based designee of NVIDIA, the total sum of One Billion Five Hundred Million Dollars (US
$1,500,000,000), in U.S. currency, in accordance with the following schedule: 

  

					
	 Due Date
	  	Amount	 
		
	 January 18, 2011
	  	US $	300,000,000	  
		
	 January 13, 2012
	  	US $	300,000,000	  
		
	 January 15, 2013
	  	US $	300,000,000	  
		
	 January 15, 2014
	  	US $	200,000,000	  
		
	 January 15, 2015
	  	US $	200,000,000	  
		
	 January 15, 2016
	  	US $	200,000,000	  
		
	 TOTAL
	  	US $	1,500,000,000	  

  

	7.2	Payment. Such payment is due from Intel who may not transfer this obligation to any other company or entity. All payments under this Agreement will be made by
and between Intel and NVIDIA, or NVIDIA’s U.S. based designee (all of which designees would be U.S. corporations and the beneficial owners of any income received under this Agreement) with no U.S. withholding tax applicable on such payments as
set forth in Section 1442 of the U.S. Internal Revenue Code as of the Effective Date. The payments specified in Section 7.1 are non-refundable and shall be made by wire transfer of immediately available funds to the following NVIDIA
account (or such other U.S. bank account as NVIDIA shall identify in writing to Intel): 

 For: NVIDIA Corporation

 Bank [ * ] 
 Beneficiary Name: NVIDIA Corporation 
 Beneficiary Address: 2701 San Tomas
Expressway, Santa Clara, CA 95050 
 Account Number: [ * ] 

ABA routing Number: [ * ] 

  
 -16-

 [*] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the
Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended. 

 Such payments shall be made in all circumstances, and are not contingent upon the occurrence
or non-occurrence of any event, including without limitation a Change of Control, and will survive any termination of this Agreement for any reason. 
  

	7.3	Taxes. Each Party is responsible for reporting and paying its own income taxes, corporate taxes and applicable franchise taxes imposed on such Party as a result
of the payments or transactions contemplated by this Agreement. 

  

	7.4	Late Payment. Any failure by Intel to make any of the payments as set forth in Section 7.1 shall be deemed a material breach of this Agreement and shall be
subject to NVIDIA’s termination rights under Section 4.2(a) (including the notice and cure provisions therein). In addition, Intel agrees that any payments required under the terms of this Agreement which are not paid when due will accrue
interest at the prime lending rate as reported by the Wall Street Journal on the day such payment is due (or, if the due date is on a day when such rate is not reported, on the most recent prior day on which such rate is reported) plus three percent
(3%) or the maximum rate allowable by law, whichever is less. In addition to all other sums payable hereunder, Intel shall pay all reasonable expenses incurred by NVIDIA, including attorneys’ fees, in connection with collection and other
enforcement proceeding resulting from or in connection with any failure by Intel to pay amounts when due under this Section 7. The rights under this Section 7.4 are in addition to, and shall in no way limit, any other rights and remedies
available to NVIDIA. 

  

	8.	PRIOR LICENSE AGREEMENTS 

 

	8.1	The Parties agree to amend the Chipset License by adding the following at the end of Section 2.14 of the Chipset License: 

“Notwithstanding anything else in this Agreement, NVIDIA Licensed Chipsets shall not include any Intel Chipsets that are capable of
electrically interfacing directly (with or without buffering or pin, pad or bump reassignment) with an Intel Processor that has an integrated (whether on-die or in-package) main memory controller, such as, without limitation, the Intel Processor
families that are code named ‘Nehalem’, ‘Westmere’ and ‘Sandy Bridge.’” 
  

	8.2	The Parties further agree to amend the Chipset License by deleting the last sentence of Section 5.2(a) so that the entire amended Section 5.2(a) would read as
follows: 

 “Either Party may terminate the other Party’s rights and licenses hereunder upon notice if
the other Party commits a material breach of this Agreement and does not correct such breach within sixty (60) days after receiving written notice complaining thereof.” 

 

	8.3	Except as expressly set forth in this Section 8, the execution of this Agreement shall not in any way alter the Parties’ rights or obligations under the
Chipset License. 

  
 -17-

 [*] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the
Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended. 

  

	8.4	Notwithstanding anything to the contrary in the Prior Cross License Agreement (as defined in Section 9.6(a)), each Party agrees not to take any action to terminate
the Prior Cross License Agreement (or rights and licenses granted to the other Party or any of its Qualified Subsidiaries under the Prior Cross License Agreement) under Sections 4.2(a) or 4.2(b) of the Prior Cross License Agreement, unless and
until, if ever, this Agreement is (and solely to the same extent that the rights and licenses granted to such other Party and its Qualified Subsidiaries under this Agreement are) terminated in accordance with the terms and conditions of this
Agreement. For clarity, any such termination of this Agreement shall not itself constitute a breach of the Prior Cross License Agreement or itself give rise to any right of a Party to terminate the Prior Cross License Agreement, and subject to the
limitation in the foregoing sentence, any right of a Party to terminate the Prior Cross License Agreement shall be determined exclusively pursuant to and in accordance with the terms and conditions of the Prior Cross License Agreement.

  

	9.	MISCELLANEOUS PROVISIONS 

 

	9.1.	Authority. Each of the parties hereto represents and warrants that it has the right to grant the other the licenses and releases granted hereunder.

  

	9.2.	No Assignment. This Agreement is personal to the parties, and the Agreement or any right or obligation hereunder is not assignable, whether in conjunction with a
change in ownership, merger, acquisition, the sale or transfer of all, or substantially all or any part of a Party’s business or assets or otherwise, either voluntarily, by operation of law, or otherwise, without the prior written consent of
the other Party, which consent may be withheld at the sole discretion of such other Party. Any such purported assignment or transfer shall be deemed a breach of this Agreement and shall be null and void. This Agreement shall be binding upon and
inure to the benefit of the parties and their permitted successors and assigns. Notwithstanding the foregoing or any other provision of this Agreement, the occurrence of any Change of Control shall not in itself be deemed an assignment of this
Agreement, but such Change of Control shall be subject to the provisions of Section 4.2 herein. 

  

	9.3.	Notice. All notices required or permitted to be given hereunder shall be in writing and shall be delivered by hand, or if dispatched by prepaid air courier or by
registered or certified airmail, postage prepaid, addressed as follows: 

  

			
	If to NVIDIA:	  	If to Intel:
		
	General Counsel	  	General Counsel
	NVIDIA Corporation	  	Intel Corporation
	2701 San Tomas Expressway	  	2200 Mission College Blvd.
	Santa Clara, CA 95050	  	Santa Clara, CA 95052

 Such notices shall
be deemed to have been served when received by addressee or, if delivery is not accomplished by reason of some fault of the addressee, when tendered for delivery. Either Party may give written notice of a change of address and, after notice of such
change has been received, any notice or request shall thereafter be given to such Party as above provided at such changed address. 

  
 -18-

 [*] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the
Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended. 

  

	9.4.	No Rule of Strict Construction. Regardless of which Party may have drafted this Agreement or any part thereof, no rule of strict construction shall be applied
against either Party. If any provision of this Agreement is determined by a court to be unenforceable, the parties shall deem the provision to be modified to the extent necessary to allow it to be enforced to the extent permitted by law, or if it
cannot be modified, the provision will be severed and deleted from this Agreement, and the remainder of the Agreement will continue in effect. 

  

	9.5.	Taxes. Each Party shall be responsible for the payment of its own tax liability arising from this transaction. 

 

	9.6.	Entire Agreement. 

  

	 	(a)	The rights and licenses granted under the Patent Cross License Agreement entered into by and between Intel and NVIDIA as of November 18, 2004, as amended by
Amendment to Patent Cross License Agreement dated December 22, 2010 (“Prior Cross License Agreement”) shall remain in full force and effect in addition to the rights and licenses granted under this Agreement, provided that:
(i) with respect to any Patent (as defined in the Prior Cross License Agreement) that is licensed by a Party to the other Party under the Prior Cross License Agreement and that is also licensed to such other Party under the terms and conditions
of this Agreement, the terms and conditions of this Agreement shall exclusively govern in respect of the rights, licenses, immunities and other terms and conditions associated with such Patent, for so long as the rights and licenses of such other
Party remain in full force and effect under this Agreement, and (ii) with respect to any Patent (as defined in the Prior Cross License Agreement) that was licensed by a Party to the other Party under the Prior Cross License Agreement but that
is not for any reason licensed to such other Party under the terms and conditions of this Agreement (including, without limitation, by virtue of a Party having sold or assigned any rights in and to any such Patent prior to the Effective Date), the
terms and conditions of the Prior Cross License Agreement shall exclusively govern in respect of the rights, licenses, immunities and other terms and conditions associated with such Patent. For clarity, in the event that the rights or licenses of a
Party under this Agreement are terminated for any reason, the terms and conditions of the Prior Cross License Agreement shall govern all rights, license, immunities of such Party associated with any Patent that is licensed under the terms of the
Prior Cross License Agreement. 

  

	 	(b)	The Chipset License shall remain in full force and effect as amended by Section 8 of this Agreement. 

 

	 	(c)	Except as set forth in this Section 9.6, this Agreement and the attached exhibit(s), the Prior Cross License Agreement and the Chipset License embody the entire
understanding of the parties with respect to the subject matter hereof, and merge all prior oral or written communications between them, and neither of the parties shall be bound by any conditions, definitions, warranties, understandings, or
representations with respect to the subject matter hereof other than as expressly provided herein. No oral explanation or oral information by either Party hereto shall alter the meaning or interpretation of this Agreement. 

  
 -19-

 [*] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the
Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended. 

  

	9.7.	Modification; Waiver. No modification or amendment to this Agreement, nor any waiver of any rights, will be effective unless assented to in writing by the Party
to be charged, and the waiver of any breach or default will not constitute a waiver of any other right hereunder or any subsequent breach or default. 

  

	9.8.	Governing Law. This Agreement and matters connected with the performance thereof shall be construed, interpreted, applied and governed in all respects in
accordance with the laws of the United States of America and the State of Delaware, without reference to conflict of laws principles. 

  

	9.9.	Jurisdiction. Intel and NVIDIA agree that all disputes and litigation regarding this Agreement and matters connected with its performance shall be subject to the
exclusive jurisdiction of the Court of Chancery of the State of Delaware pursuant to 10 Del. C. Section 346 or the United States District Court for the District of Delaware. 

 

	9.10.	Dispute Resolution. Prior to initiating litigation proceedings, any dispute arising directly under the express terms of this Agreement or the grounds for
termination of any rights granted under this Agreement shall be resolved as follows: First, senior executives of both Parties shall meet within thirty (30) days of either Party providing written notice in accordance with Section 9.3 to the
other Party of a dispute to attempt to resolve such dispute. If the senior executives cannot resolve the dispute, either Party may make a written demand for formal dispute resolution by tendering to the other Party notice of the dispute and its
intent to invoke the terms of this Section 9.10. The Parties agree to meet within ninety (90) days of such a demand with an impartial mediator selected by mutual agreement for a one-day non-binding mediation of the dispute. In the event
the Parties cannot agree on a mediator, they shall each select one independent nominator, who shall not at any time have been employed or engaged by either Party, and the two nominators shall agree on and appoint the mediator. If the Parties have
not agreed on resolution of the dispute within thirty (30) days after the one-day mediation, either Party may begin litigation proceedings. 

  

	9.11.	Compliance with Laws. Anything contained in this Agreement to the contrary notwithstanding, the obligations of the parties hereto and of the Subsidiaries of the
parties shall be subject to all laws, present and future, of any government having jurisdiction over the parties hereto or the Subsidiaries of the parties, and to orders, regulations, directions or requests of any such government.

  

	9.12.	Force Majeure. The parties hereto shall be excused from any failure to perform any obligation hereunder to the extent such failure is caused by war, acts of
public enemies, strikes or other labor disturbances, fires, floods, acts of God, or any causes of like or different kind beyond the control of the parties. 

 

	9.13.	Assignment of Patents. Neither Party shall assign or grant any right under any of its Patents unless such assignment or grant is made subject to the terms of
this Agreement. 

  
 -20-

 [*] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the
Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended. 

  

	9.14.	Patent Inquiries. Each Party shall, upon a request from the other Party sufficiently identifying any patent or patent application, inform the other Party as to
the extent to which said patent or patent application is subject to the licenses and other rights granted hereunder. If such licenses or other rights under said patent or patent application are restricted in scope, copies of all pertinent provisions
of any contract or other arrangement creating such restrictions shall, upon request, be furnished to the Party making such request, unless such disclosure is prevented by such contract, and in such event, a statement of the nature of such
restriction shall be provided to the extent permitted. 

  
 -21-

 [*] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the
Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended. 

 WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed on the date below
written. 
  

									
	INTEL CORPORATION	 		 	NVIDIA CORPORATION
					
	By:	 	 /s/ Paul S. Otellini
	 		 	By:	 	 /s/ Jen-Hsun Huang

			
	 Paul S. Otellini
	 		 	 Jen-Hsun Huang

	Printed Name	 		 	Printed Name
			
	 President & CEO
	 		 	 President and Chief Executive Officer

	Title	 		 	Title
			
	 1/10/11
	 		 	 1/10/2011

	Date	 		 	Date

  
 -22-

 [*] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the
Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended. 

 EXHIBIT A 
 STIPULATION FOR DISMISSAL WITH PREJUDICE 
 IN THE COURT OF CHANCERY OF THE STATE
OF DELAWARE 
  

			
	 INTEL
CORPORATION,
  
 Plaintiff/Counterclaim
Defendant,
  
 v.

 
 NVIDIA CORPORATION,

 
 Defendant/Counterclaim Plaintiff.

 
	  	C.A. No. 4373-VCS

STIPULATION AND ORDER OF DISMISSAL 
 IT IS HEREBY STIPULATED, pursuant to Chancery Court Rule 41(a), by counsel for the undersigned parties, that all claims and counterclaims asserted in the above-captioned action be, and hereby are,
dismissed with prejudice. Each Party shall bear its own costs. 

  
 [*] = Certain confidential
information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended. 

  

			
	OF COUNSEL:	  	
		  	  

	 Stephen C. Neal (CA Bar # 170085)
 John C. Dwyer (CA Bar # 136533)
 COOLEY LLP
 Five Palo Alto Square
 3000 El Camino Real
 Palo Alto, CA 94306-2155
 Telephone:        (650)
843-5000
  
 Michael G. Rhodes (CA Bar # 116127)

COOLEY LLP
 101 California Street – 5th
Floor
 San Francisco, CA 94111-5800

Telephone:        (415) 693-2000
	  	 Gregory P. Williams (#2168)

John D. Hendershot (#4178)
 Blake Rohrbacher
(#4750)
 Scott W. Perkins (#5049)

Jillian G. Remming (#5097)
 RICHARDS, LAYTON
& FINGER, P.A.
 One Rodney Square

920 North King Street
 Wilmington, DE
19801
 Telephone: (302) 651-7700
  

Counsel for NVIDIA Corporation

		
	OF COUNSEL:	  	
		  	  

	 George M. Newcombe
 Jeffrey E.
Ostrow
 Patrick E. King
 SIMPSON
THACHER & BARTLETT LLP
 2550 Hanover Street
 Palo Alto, CA 94304
 Tel: (650) 251-5000

Fax: (650) 251-5002
  
 James L. Quarles III
 Howard M. Shapiro
 Peter J. Macdonald
 WILMER CUTLER PICKERING HALE AND DORR LLP

1875 Pennsylvania Ave, NW
 Washington, DC
20006
 Tel: (202) 663-6000
 Fax:
(202) 663-6363
	  	 Martin S. Lessner (No. 3109)

John Shaw (No. 3362)
 Tammy L. Mercer (No.
4957
 Emily V. Burton (No. 5142)
 YOUNG
CONA WAY STARGATT & TAYLOR, LLP
 The Brandywine Building, 17th Floor
 1000 West Street
 Wilmington, DE 19801
 Tel: (302) 571-6689
 Fax: (302) 571-3334

 
 Counsel for Intel Corporation

Dated: January     , 2011 

  
 [*] = Certain confidential
information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended. 

  

	
	SO ORDERED this      day of             , 2011.

 
  

	
	  
 The Honorable
Leo E. Strine, Jr.

  
 [*] = Certain confidential
information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended.

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