Document:

EX-10.6

 Exhibit 10.6 

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

 
 DATA SHARING AGREEMENT 

by and between 
 ADEIA
INC. 
 and 

XPERI INC. 
 Dated
[•] 
  
  

 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
		 	 ARTICLE I
	  			
			
		 	 DEFINITIONS
	  			
			
	 Section 1.1
	 	Definitions	  	 	1	 
			
		 	 ARTICLE II
	  			
			
		 	 SCOPE AND APPLICATION
	  			
	 Section 2.1
	 	Scope	  	 	4	 
	 Section 2.2
	 	Affiliates; Personnel; Third Parties	  	 	4	 
			
		 	 ARTICLE III
	  			
			
		 	 PERSONAL INFORMATION, PRIVACY AND SECURITY
	  			
			
	 Section 3.1
	 	Privacy and Data Protection	  	 	5	 
	 Section 3.2
	 	Restrictions	  	 	5	 
	 Section 3.3
	 	Use of Security Controls	  	 	6	 
	 Section 3.4
	 	Notification and Implementation of Opt-Outs	  	 	7	 
	 Section 3.5
	 	Retention and Destruction of Personal Information	  	 	7	 
	 Section 3.6
	 	Access to Networks	  	 	7	 
	 Section 3.7
	 	Regulatory Investigations	  	 	8	 
			
		 	 ARTICLE IV
	  			
			
		 	 CONFIDENTIALITY
	  			
			
	 Section 4.1
	 	Confidential Information	  	 	8	 
	 Section 4.2
	 	Disclosure in Compliance With Law	  	 	9	 
	 Section 4.3
	 	Unauthorized Disclosures	  	 	9	 
			
		 	 ARTICLE V
	  			
			
		 	 CORPORATE RECORDS
	  			
			
	 Section 5.1
	 	Records Management and Retention Policy	  	 	9	 
	 Section 5.2
	 	Record Retrieval Requests	  	 	9	 
	 Section 5.3
	 	Retention and Care of the Records	  	 	10	 
	 Section 5.4
	 	Coordinators	  	 	10	 

  
 i 

							
		 	 ARTICLE VI
	  			
			
		 	 FEES
	  			
	 Section 6.1
	 	Allocation of Costs and Taxes	  	 	11	 
			
		 	 ARTICLE VII
	  			
			
		 	 INDEMNIFICATION; SPECIFIC PERFORMANCE
	  			
	 Section 7.1
	 	Indemnification	  	 	11	 
	 Section 7.2
	 	Indemnification Procedures	  	 	11	 
	 Section 7.3
	 	Specific Performance	  	 	12	 
			
		 	 ARTICLE VIII
	  			
			
		 	 DISCLAIMER OF WARRANTIES AND LIMITATION OF
LIABILITY
	  			
	 Section 8.1
	 	Disclaimer of Warranties	  	 	12	 
	 Section 8.2
	 	Limitation of Liability	  	 	12	 
			
		 	 ARTICLE IX
	  			
			
		 	 DURATION; NO TERMINATION
	  			
	 Section 9.1
	 	Term of Agreement	  	 	13	 
	 Section 9.2
	 	No Termination	  	 	13	 
			
		 	 ARTICLE X
	  			
			
		 	 MISCELLANEOUS
	  			
	 Section 10.1
	 	Interpretation	  	 	13	 
	 Section 10.2
	 	SDA Provisions	  	 	14	 
	 Section 10.3
	 	Force Majeure; Change in Applicable Law	  	 	14	 
	 Section 10.4
	 	Notices	  	 	15	 
	 Section 10.5
	 	Third-Party Beneficiaries	  	 	15	 
	 Section 10.6
	 	Governing Law	  	 	15	 
	 Section 10.7
	 	No Joint Venture or Partnership	  	 	16	 
	 Section 10.8
	 	Divestiture	  	 	16	 

  

			
	SCHEDULES	  	 
		
	Schedule 5.3	  	 Retention Schedule for Select Records

		
	Schedule 5.4	  	Records Coordinators

  
 ii 

 DATA SHARING AGREEMENT 

This DATA SHARING AGREEMENT (this “Agreement”), dated as of [•], (the “Effective Date”), by and
between Adeia Inc., a Delaware corporation (“IP RemainCo”), and Xperi Inc., a Delaware corporation (“Product SpinCo”). Each of IP RemainCo and Product SpinCo is sometimes referred to herein as a
“Party” and collectively, as the “Parties.” 
 WHEREAS, IP RemainCo and Product SpinCo, acting
through their respective direct and indirect Subsidiaries, currently conduct (i) the IP Business and (ii) the Product Business, respectively; 

WHEREAS, IP RemainCo and Product SpinCo have entered into a Separation and Distribution Agreement, dated as of [•], pursuant to
which the Parties separated into two separate, publicly traded companies; 
 WHEREAS, the Parties have executed various Ancillary
Agreements, of even date herewith, pursuant to the Separation and Distribution Agreement to facilitate and provide for an ordinary transition in connection with the consummation of the transactions contemplated by the Separation and Distribution
Agreement, and to facilitate the ongoing operations of the Product Business and IP Business; 
 WHEREAS, the Separation and
Distribution Agreement and [certain of] the Ancillary Agreements contemplate that the Parties execute a Data Sharing Agreement to provide a binding framework for the sharing of Data between the IP RemainCo Group and the Product SpinCo Group; and

 WHEREAS, this Agreement sets forth the terms and conditions governing the sharing of Data between the IP RemainCo Group and the
Product SpinCo Group. 
 NOW, THEREFORE, in consideration of the mutual promises and covenants set forth herein and for other good
and valuable consideration, the receipt and adequacy of which are hereby acknowledged, and intending to be legally bound, the Parties hereby agree as follows: 

ARTICLE I 

DEFINITIONS 

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

“Accessing Party” has the meaning set forth in Section 3.6(a). 

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

  
 1 

 “Confidential Information” means any Data that is treated as confidential
by a Party. The terms of this Agreement are Confidential Information of both Parties. Notwithstanding the foregoing, “Confidential Information” shall not include information that: (a) is already known to the Receiving Party without
restriction on use or disclosure prior to receipt of such information from the Disclosing Party; (b) is or becomes generally known by the public other than by breach of this Agreement by, or other wrongful act of, the Receiving Party;
(c) is developed by the Receiving Party independently of, and without reference to, any Confidential Information of the Disclosing Party; or (d) is received by the Receiving Party from a third party who is not under any obligation to the
Disclosing Party to maintain the confidentiality of such information; provided that, for proposes of this Agreement, (i) Personal Information that is Shared hereunder is deemed “Confidential Information” of the Party
Sharing such Personal Information and (ii) the exceptions set forth in (a)-(d) shall not apply with respect to any such Personal Information. 

“Data” means Records, Personal Information, data or other information. 

“Data Protection Law” means any Law to which a Party or its Affiliate is subject and which relates to data protection or data
privacy. 
 “Disclosing Party” has the meaning set forth in Section 4.1. 

“Divested Business” has the meaning set forth in Section 10.8. 

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

“Force Majeure Event” has the meaning set forth in Section 10.3. 

“Indemnified Party” has the meaning set forth in Section 7.1. 

“Indemnifying Party” has the meaning set forth in Section 7.1. 

“IP RemainCo” has the meaning set forth in the preamble. 

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

“Network Owner” has the meaning set forth in Section 3.6(a). 

“Opt-Out” means a choice given to or exercised by an individual to decline, reject or
refuse the collection or other Processing of his or her Personal Information. 
 “Parties” has the meaning set forth in the
preamble. 
 “Party” has the meaning set forth in the preamble. 

“Personal Information” means any information that (i) identifies or relates to an individual or household that can be
identified directly or indirectly from such information, alone or in combination with other information in the possession or control of a Party or any of its Affiliates, or that a Party or any of its Affiliates is likely to have access to or
(ii) is defined as “personal data,” “personal information,” “personally identifiable information” or a similar term under applicable Data Protection Laws. For the avoidance of doubt, Personal Information does not
include personal information that is anonymized and deidentified and no longer identifies an individual or household. 

  
 2 

 “Personnel” shall mean, with respect to any Party, the employees, officers,
agents, independent contractors and consultants of such Party or its Affiliates. 
 “Process” (including the usage of
“Processes,” “Processed” and “Processing”) means any operation or set of operations which is performed upon any information, including Personal Information, whether or not by automatic means,
including any collection, Sharing or other transfer, recording, organization, storage, adaptation, alteration, retrieval, consultation, use, disclosure, transmission, dissemination, combination, blocking, erasure or destruction thereof. 

“Product SpinCo” has the meaning set forth in the preamble. 

“Receiving Party” has the meaning set forth in Section 4.1. 

“Record” means information that is inscribed on a tangible medium or is stored in an electronic or other medium and which is
retrievable in perceivable form, including any Contracts, documents, books, records or files and in each case may include aggregated data as between the Parties. 

“Records Management Policy” has the meaning set forth in Section 5.1(a). 

“Retention Period” has the meaning set forth in Section 5.3(a). 

“Retrieval Request” has the meaning set forth in Section 5.2(a). 

“Security Controls” means any controls that are used to regulate access to, or prevent the alteration, loss or destruction
of, any Personal Information. 
 “Security Incident” means any unauthorized, unlawful or accidental access, loss,
destruction, acquisition of or damage to Data of a Party or its Affiliate. 
 “Share” (including the usage of
“Shares,” “Shared” and “Sharing”) means the access to or sharing of information, including Personal Information, by electronic or other means. 

“Term” has the meaning set forth in Section 9.1. 

  
 3 

 ARTICLE II 

SCOPE AND APPLICATION 

Section 2.1 Scope. 

(a) Subject to Section 2.1(b), this Agreement governs the Sharing of Data between the Product SpinCo Group, on the
one hand, and the IP RemainCo Group, on the other hand, whether under the Separation and Distribution Agreement or any Ancillary Agreement. In the event of a conflict between the Separation and Distribution Agreement or any other Ancillary
Agreement, on the one hand, and this Agreement, on the other hand, with respect to the Sharing of Data between the Product SpinCo Group and the IP RemainCo Group, the terms of this Agreement shall prevail. 

(b) Notwithstanding anything to the contrary herein, the Tax Matters Agreement shall govern with respect to matters related to the provision
of Tax Records. 
 (c) For the avoidance of doubt, this Agreement shall not apply with respect to: 

(i) Data that is Shared among members of the IP RemainCo Group not involving any member of the Product SpinCo Group, or among
members of the Product SpinCo Group not involving any member of the IP RemainCo Group; or 
 (ii) the Sharing of Data
pursuant to Contracts entered into between or among any of the Parties or their Affiliates after the Effective Date. 
 (d) Reservation
of Rights. Each Party retains the ownership and title to any and all of its Data and Intellectual Property. This Agreement is not intended to, and shall not, transfer, assign or license any right, title or other interest in or to any Personal
Information, Data or Intellectual Property from any Person to any other Person. 
 Section 2.2 Affiliates; Personnel; Third
Parties. 
 (a) In the event that any Affiliate of Product SpinCo directly or indirectly receives Data from any member of the IP
RemainCo Group hereunder, Product SpinCo shall cause its applicable Affiliate to comply with the terms and conditions of this Agreement, as if such Affiliate were a named party to this Agreement. In the event that any Affiliate of IP RemainCo
directly or indirectly receives Data from any member of the Product SpinCo Group, IP RemainCo shall cause its applicable Affiliate to comply with the terms and conditions of this Agreement, as if such Affiliate were a named party to this Agreement.

 (b) Each of Product SpinCo and IP RemainCo shall be liable for the actions or omissions of its Affiliates and its and their Personnel, as
applicable, with respect to (i) all Sharing and other Processing of Data in accordance with the terms of this Agreement and (ii) access to Confidential Information or Data of the other Party or its Affiliates. 

(c) Each Party shall only Share Data received hereunder with a third party (including a contractor, vendor or other service provider) that has
entered into a written Contract with confidentiality, non-use and other applicable restrictions at least as strict as those set forth in this Agreement. Such Contract shall be provided to the other Party
promptly upon request. A Party retaining such a third party shall remain accountable and responsible for all actions of such third party with respect to Confidential Information, Personal Information or other Data Shared hereunder. 

  
 4 

 ARTICLE III 

PERSONAL INFORMATION, PRIVACY AND SECURITY 

Section 3.1 Privacy and Data Protection. 

(a) The Parties acknowledge that, as between the Parties, from and after the Effective Date: (i) IP RemainCo (or IP RemainCo’s
Affiliate where the identity of the controller has been defined to the data subject as such Affiliate) is a controller (for purposes of the GDPR) with respect to the Processing of the Personal Information related to the IP RemainCo Group and
(ii) Product SpinCo (or Product SpinCo’s Affiliate where the identity of the controller has been defined to the data subject as such Affiliate) is a controller (for purposes of the GDPR) with respect to the Processing of the Personal
Information related to the Product SpinCo Group. 
 (b) Each Party shall comply with: (i) all Data Protection Laws that are applicable
to Sharing of Data under this Agreement; and (ii) all Data, system and security requirements that are reasonable and consistent with current industry practices, including appropriate physical, electronic and procedural safeguards. To the extent
that any such Data Protection Laws may apply to the Parties’ obligations under this Agreement, the Parties agree to work in good faith to meet the objectives of this Agreement while complying with such Data Protection Laws. Each Party shall
maintain privacy policies, terms of use and similar Contracts that will enable it to fully comply with its obligations under this Agreement unless required otherwise by applicable Law. 

(c) Each Party shall promptly, without undue delay, notify the other Party of any Security Incident that materially impacts the receipt or
safeguarding of the Confidential Information, Personal Information or other Data of the other Party or its Affiliates. 
 Section 3.2
Restrictions. Except (i) as may otherwise be mutually agreed by the Parties or (ii) to the extent the receiving Party is itself a controller of the received Data, each Party receiving Data of the other Party hereunder shall not in
respect of such Data: 
 (a) Access, sell, share or use the Confidential Information, Personal Information or other Data received for any
purpose (including for its own commercial benefit) not specifically permitted in writing by the Separation and Distribution Agreement, this Agreement or another Ancillary Agreement; 

(b) with respect to Personal Information received hereunder concerning individuals solely associated with the disclosing Party or its
Affiliates, contact individuals to obtain consent for additional types of Processing of such Personal Information; 
 (c) use any Personal
Information received hereunder concerning individuals solely associated with the disclosing Party or its Affiliates to undertake any direct marketing to any individuals; 

(d) use any Personal Information received hereunder concerning individuals solely associated with the disclosing Party or its Affiliates as
the basis to grant or deny any material benefit to an individual, the determination of which is wholly automated; or 

  
 5 

 (e) Share any Personal Information received hereunder with any third party, including
contractors, vendors or other service providers (except for those contractors, vendors or other service providers currently engaged under the Separation and Distribution Agreement or any other Ancillary Agreement), except (i) for a legitimate
business purpose and (ii) in accordance with the policies and procedures with respect to vendor diligence and the protection of Personal Information at least as stringent as the policies and procedures that the Party Sharing such Personal
Information uses to protect its own Personal Information of a similar nature, in all cases, except where such disclosure, transfer or access is mandated by applicable Law (subject to prompt written notice of such requirement to transfer or disclose,
unless such notice is prohibited by applicable Law). 
 Section 3.3 Use of Security Controls. 

(a) Each Party shall have a written comprehensive security program that protects Personal Information Shared by the other Party and includes
appropriate and commercially reasonable technical and organizational Security Controls, designed to prevent accidental or unlawful destruction or accidental loss, alteration, unauthorized disclosure or access and against all other unlawful forms of
Processing or as otherwise required or deemed to be adequate under any Data Protection Law. Such Security Controls will be at least as stringent as the data protection rules that such Party uses to protect its own Personal Information of a similar
nature. 
 (b) In the event that a Party, any of its Affiliates or its or their Personnel, contractors, vendors or other service providers
are subject to any Security Incident that materially impacts the receipt or safeguarding of the Confidential Information, Personal Information or other Data of the other Party or its Affiliates, such Party shall immediately notify the other Party
(and in any event within 24 hours) of such Security Incident and will reasonably cooperate with the other Party to investigate, remediate, and mitigate the effects of such Security Incident and to comply with any applicable notification provisions
to individuals or regulatory authorities. To the extent that such Security Incident arises out of an act or omission by a Party, any of its Affiliates, or its or their Personnel, contractors, vendors or other service providers, or constitutes a
breach of this Agreement by such Party, such Party will be responsible for any Losses arising from such Security Incident. 
 (c) Each Party
shall hold Personal Information received hereunder in strict confidence and require Personnel who will be provided access or will otherwise Process such Personal Information to protect such Personal Information in accordance with the requirements of
this Agreement. 
 (d) Each Party shall limit access to Personal Information received hereunder to only those individuals who have a
legitimate business need to access such Personal Information and will grant access to the smallest number of necessary individuals with a need to know such Personal Information for their job function. Each Party shall implement appropriate technical
and physical access controls (such as passwords, card key readers, and locks on files) to limit access to such Personal Information. 

  
 6 

 (e) Each Party shall provide Personnel who will be provided access, or will otherwise
Process Personal Information received hereunder, with appropriate training regarding information security, privacy and the protection of Personal Information. 

(f) Each Party shall comply with any Security Controls required by any country having jurisdiction over the Personal Information received
hereunder. 
 Section 3.4 Notification and Implementation of Opt-Outs. With respect to
any Personal Information Shared hereunder, each Party will timely notify the other Party of (i) any Opt-Out or any other choice or request for access or rectification, blocking or similar requests made by
any individual, and shall not respond to any such requests unless expressly authorized to do so by the notified Party; (ii) any complaint relating to the Processing of such Personal Information, including allegations that the Processing
infringes on an individual’s rights under Data Protection Law; or (iii) any order, demand, warrant, or any other document purporting to compel the production of such Personal Information under Data Protection Law. Each Party shall use and
otherwise Process all such Personal Information in accordance with all such Opt-Outs or other choices and will promptly notify the other Party of such actions and shall cooperate with such notified Party with
respect to any action taken relating to such request, complaint, or order or other document. 
 Section 3.5 Retention and
Destruction of Personal Information. Each Party shall retain all Personal Information received hereunder only for the period necessary to complete the purposes for which the Personal Information was Shared with such Party. Upon the completion of
such purposes, the receiving Party will cease Processing and will, as instructed by the other Party, (i) permanently destroy such Personal Information so that such Personal Information is unreadable or (ii) anonymize such Personal
Information such that it is not reasonably capable of reidentification by such Party or its Affiliates. 
 Section 3.6 Access to
Networks. 
 (a) Each Party and its Affiliates (collectively, the “Network Owner”) may provide the other Party and its
Affiliates (collectively, the “Accessing Party”) with access to the Network Owner’s IT Assets via a secure method selected by such Party. 

(b) The Accessing Party shall only use (and will ensure that its Personnel only use), and shall only have access to, the Network Owner’s
IT Assets for the purpose of, and to the extent required for, exercising its rights or performing its obligations under the Separation and Distribution Agreement, this Agreement or another Ancillary Agreement (including the provision or receipt of
services under the Transition Services Agreement). 
 (c) The Accessing Party shall not allow nor permit its agents or subcontractors to use
or have access to the Network Owner’s IT Assets unless (i) such agents or subcontractors are employees of the Accessing Party or of an Affiliate of the Accessing Party, (ii) such agents and subcontractors are currently engaged under
the Separation and Distribution Agreement or any other Ancillary Agreement or (iii) the Network Owner gives its express prior written approval for such use or access by each relevant agent or subcontractor, such approval not to be unreasonably
withheld. 

  
 7 

 (d) The Accessing Party shall not (and shall ensure that its Personnel shall not): (i) use
the Network Owner’s IT Assets to develop Software, process data or perform any work or services other than for the purpose of exercising its rights or performing its obligations under the Separation and Distribution Agreement, this Agreement or
another Ancillary Agreement (including the provision or receipt of services under the Transition Services Agreement); (ii) break, interrupt, circumvent, adversely affect or attempt to break, interrupt, circumvent or adversely affect any security
system or measure of the Network Owner’s IT Assets; (iii) obtain, or attempt to obtain, access to any hardware, program or data stored in the Network Owner’s IT Assets except to the extent reasonably necessary to exercise the
Accessing Party’s rights or perform its obligations under the Separation and Distribution Agreement, this Agreement or another Ancillary Agreement (including the provision or receipt of services under the Transition Services Agreement) or with
respect to which the Network Owner has given its prior written consent for the Accessing Party to obtain or attempt to obtain such access; and (iv) use, disclose or give access to any part of the Network Owner’s IT Assets to any third
party, other than its agents and subcontractors authorized by the Network Owner in accordance with this Section 3.6. All user identification numbers and passwords for the IT Assets disclosed to the Accessing Party, and any
information obtained from the use of the Network Owner’s IT Assets, shall be deemed Confidential Information of the Network Owner. 

Section 3.7 Regulatory Investigations. The Parties shall cooperate in any regulatory investigation or in any internal
investigation by either Party arising out of or related to this Agreement, whether or not related to a regulatory investigation. Each Party shall use commercially reasonable efforts to mitigate any liabilities of the other Party or its Affiliates in
connection with any such regulatory investigation or the Sharing of Data hereunder. 
 ARTICLE IV 

CONFIDENTIALITY 

Section 4.1 Confidential Information. The Receiving Party agrees: (a) not to disclose or otherwise make available the
Confidential Information of the Disclosing Party to any third party without the prior written consent of the Disclosing Party; provided, however, that the Receiving Party may disclose the Confidential Information
of the Disclosing Party to its Affiliates, and their officers, employees and legal advisors who have a “need to know,” who have been apprised of this restriction and who are themselves bound by nondisclosure obligations at least as
restrictive as those set forth in this Section 4.1; (b) to use the Confidential Information of the Disclosing Party only for the purposes of exercising its rights or performing its obligations under the Separation and
Distribution Agreement, this Agreement or another Ancillary Agreement (including the provision or receipt of services under the Transition Services Agreement); and (c) to promptly notify the Disclosing Party in the event it becomes aware of any
loss or disclosure of any of the Confidential Information of Disclosing Party, with the Party disclosing such information or materials, the “Disclosing Party,” and the Party receiving such information or materials, the
“Receiving Party.” 

  
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 Section 4.2 Disclosure in Compliance With Law. If the Receiving
Party becomes legally compelled to disclose any Confidential Information, the Receiving Party shall, to the extent permitted by Law, provide: (a) prompt written notice of such requirements so that the Disclosing Party may seek, at its sole cost
and expense, a protective order or other remedy; and (b) reasonable assistance, at the Disclosing Party’s sole cost and expense, in opposing such disclosure or seeking a protective order or other limitations on disclosure. If, after
providing such notice and assistance as required herein, the Receiving Party remains required by Law to disclose any Confidential Information, the Receiving Party shall disclose no more than that portion of the Confidential Information which the
Receiving Party is legally required to disclose. 
 Section 4.3 Unauthorized Disclosures. The Receiving Party shall immediately
inform the Disclosing Party in the event that it becomes aware of the possession, Processing, use or knowledge of any of the Confidential Information by any Person not authorized to possess, use or have knowledge of the Confidential Information and
shall, at the request of the Disclosing Party, provide such reasonable assistance as is required by the Disclosing Party to mitigate any damage caused thereby. 

ARTICLE V 

CORPORATE RECORDS 

Section 5.1 Records Management and Retention Policy. 

(a) Each Party shall promulgate and abide by a commercially reasonable Records management policy (“Records Management
Policy”) which provides that: 
 (i) The Records held by the Party and its Affiliates are accessible and secure;

 (ii) The Records held by the Party and its Affiliates are retained long enough to (x) to fulfill its business needs
and (y) to reasonably allow it to comply with its obligations under the other Ancillary Agreements and applicable Law; 

(iii) The Party has the necessary Records available to meet appropriate requirements, including (x) litigation discovery
requirements and (y) other requirements reasonably contemplated by the Ancillary Agreements; and 
 (iv) The Records
that are not necessary to fulfill the Party’s business needs or meet other appropriate requirements are routinely and non-selectively destroyed in the normal course of business under an approved and
current records retention schedule in order to avoid the expenses associated with indefinite retention of unnecessary documents, including storage, maintenance, equipment, and legal costs. 

Section 5.2 Record Retrieval Requests. 

(a) From time to time, a Party (as the requesting Party) may submit a request for a Record held by the other Party (as the retrieving Party),
wherein such Record relates to the conduct of the Product Business or the IP Business (“Retrieval Request”). 

  
 9 

 (b) Upon receipt by a Party of a reasonable Retrieval Request from the requesting Party, the
retrieving Party shall reasonably promptly retrieve the Record specified in the Retrieval Request and Share such Record with the requesting Party, or, if such Record is not available, inform the requesting Party that the Record is not available and
the reasons, if known, for such unavailability. In the event that the Retrieval Request is time-sensitive, the requesting Party shall notify the retrieving Party of this fact, and the retrieving Party will use commercially reasonable efforts to
comply with the Retrieval Request as promptly as possible. 
 (c) Examples of reasonable Retrieval Requests include (i) requests for
Records identified on Schedule 5.3 or similar Records for legitimate business purposes and (ii) subject to the Tax Matters Agreement, requests for Records to assist in [***]. 

Section 5.3 Retention and Care of the Records. 

(a) In furtherance and not in limitation of the obligations of the Parties under this Agreement, each Party shall, and shall cause their
respective Affiliates to, as applicable, preserve and keep the Records set forth on Schedule 5.3 for the period of time specified on Schedule 5.3, or such longer period (i) if a different period is required by applicable Law
(including any statute of limitations and applicable extensions thereof), any Governmental Entity or such Party’s Records Management Policy or (ii) as may be reasonably necessary with respect to the investigation, prosecution or defense of
any legal or regulatory Action or audit that is then pending or threatened and with respect to which one Party has notified the other Party (as custodian) as to the need to retain such Records (such period, the “Retention Period”).
For avoidance of doubt, the Retention Period for any Records not listed on Schedule 5.3, shall be governed by the applicable Party’s Records Management Policy in accordance with Section 5.1, in which case the
provisions of this Section 5.3 shall apply mutatis mutandis. 
 (b) The Parties shall not, and shall
procure that their respective Personnel shall not, store within the physical Records material that is highly flammable, explosive, hazardous, toxic, radioactive, medical waste, or otherwise dangerous or unsafe to store or handle, or any material
which is regulated under any national, federal, provincial, state or other local law or regulation relating to the environment or hazardous materials. 

(c) Upon the end of the applicable Retention Period for any Record, unless the other Party reasonably requests that the Party in possession of
such Record preserve and keep such Record, the Party in possession of such Record may destroy such Record in accordance with its Records Management Policy and any other applicable policies. 

Section 5.4 Coordinators. The Parties shall each nominate one or more representatives to act as the primary contact persons with
respect to Sharing of Data, retention and care of Records and Retrieval Requests, (each, a “Records Coordinator”). Unless otherwise agreed upon by the Parties, communications relating to this Agreement and to the Sharing of Data,
retention and care of Records and Retrieval Requests shall be directed to the Records Coordinators. The initial Records Coordinators for the Parties, including relevant contact information, are set forth on Schedule 5.4. Either Party may
replace one or more its Records Coordinators with one or more individuals of comparable qualifications and experience at any time by providing notice in accordance with Section 10.4. Each Party may treat the actions of the
other Party’s Records Coordinators as having been authorized by such other Party without further inquiry as to whether such Records Coordinators had authority to so act. 

  
 10 

 ARTICLE VI 

FEES 

Section 6.1 Allocation of Costs and Taxes. 

(a) Unless otherwise specified, each Party shall perform all their obligations under this Agreement at their own respective cost and expense.
Without limiting the generality of the foregoing, each Party shall bear its costs and expenses incurred in connection with the Processing of Data and the preparation, submission, receipt, processing and handling of any Retrieval Request, including
the review of the Retrieval Request, the Sharing and receipt of any such Record, and the protection, storage and other Processing of any such Record received hereunder. 

(b) Notwithstanding the provisions of Section 6.1(a), if the retrieving Party reasonably anticipates incurring a
material out-of-pocket cost to comply with a Retrieval Request and notifies the requesting Party of such cost (or reasonable estimate thereof), the Parties shall
negotiate in good faith regarding the allocation of such cost. In the event that the requesting Party agrees to reimburse the retrieving Party for any such cost or any portion thereof, then the requesting Party shall remit such reimbursement
reasonably promptly upon receipt of an invoice therefor, including any receipts or other evidence of such costs reasonably requested by the requesting Party. 

(c) Subject to the Tax Matters Agreement, (i) unless otherwise mutually agreed by the Parties, each Party shall pay any Taxes levied in
connection with the activities herein as required by Law and (ii) for avoidance of doubt, no payment due in connection with the transactions herein shall be grossed-up, majored or increased to mitigate
the effect of any Taxes levied on such payment. 
 ARTICLE VII 

INDEMNIFICATION; SPECIFIC PERFORMANCE 

Section 7.1 Indemnification. Each Party (the “Indemnifying Party”) shall indemnify, defend and hold harmless the
other Party, its Affiliates, and their respective Personnel (each, an “Indemnified Party”) from and against any and all Losses actually incurred by an Indemnified Party by reason of any material breach of any covenant applicable to
such Indemnifying Party (or its Personnel) in this Agreement, except to the extent such Losses result from or arise out of Indemnified Party’s gross negligence or intentional misconduct in connection with this Agreement. 

Section 7.2 Indemnification Procedures. In seeking indemnification hereunder with respect to any third-party claim that is covered
by the indemnification obligations in Section 7.1 (“Covered Action”), an Indemnified Party shall promptly notify the Indemnifying Party in writing of any such Covered Action and cooperate with the Indemnifying
Party, at the Indemnifying Party’s sole cost and expense. The Indemnifying Party shall immediately take control of the defense and investigation of such Covered Action and shall employ counsel of its

  
 11 

 
choice to handle and defend the same, at the Indemnifying Party’s sole cost and expense. The Indemnifying Party shall not settle any Covered Action in a manner that adversely affects the
rights of an Indemnitee without such Indemnitee’s prior written consent, which shall not be unreasonably withheld or delayed. An Indemnitee’s failure to perform any obligations under this Section 7.2 shall not relieve
the Indemnifying Party of its obligations under this Section 7.2, except to the extent that the Indemnifying Party can demonstrate that it has been materially prejudiced as a result of such failure. The applicable Indemnitee may
participate in and observe the proceedings at its own cost and expense. Subject to Section 8.1, the rights and remedies of the Parties under this Agreement (including pursuant to Section 7.1) are cumulative and
are not exclusive of any rights or remedies which they would otherwise have hereunder or at law or in equity for any breach of this Agreement. 

Section 7.3 Specific Performance. The Parties acknowledge and agree that irreparable harm would occur in the event that the
Parties do not perform any provision of this Agreement in accordance with its specific terms or otherwise breach this Agreement and the remedies at law for any breach or threatened breach of this Agreement, including monetary damages, are inadequate
compensation for any breach hereof. Accordingly, in the event of any actual or threatened default in, or breach of, any of the terms, conditions and provisions of this Agreement, the Parties agree that the Party that is or is to be thereby aggrieved
shall, subject and pursuant to the terms of this Agreement (including the provisions of the Separation and Distribution Agreement incorporated by reference herein pursuant to Section 10.2), have the right to specific performance
and injunctive or other equitable relief under this Agreement, in addition to any and all other rights and remedies at law or in equity, and all such rights and remedies shall be cumulative. The Parties agree that any defense in any action for
specific performance that a remedy at law would be adequate is hereby waived, and that any requirements for the securing or posting of any bond with such remedy are hereby waived. 

ARTICLE VIII 

DISCLAIMER OF WARRANTIES AND LIMITATION OF LIABILITY 

Section 8.1 Disclaimer of Warranties. EACH PARTY HEREBY DISCLAIMS ALL WARRANTIES, EXPRESS OR IMPLIED, WITH RESPECT TO THE
OBLIGATIONS UNDER THIS AGREEMENT, INCLUDING ANY IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR OR SPECIFIC PURPOSE, DATA ACCURACY, QUIET ENJOYMENT AND NON-INFRINGEMENT. 

Section 8.2 Limitation of Liability. EXCEPT AS SET FORTH EXPRESSLY IN SECTION 3.3(B), EACH PARTY AND ITS AFFILIATES SHALL
HAVE NO LIABILITY WHATSOEVER TO THE OTHER PARTY, ITS AFFILIATES OR ANY THIRD PARTY FOR ANY INDIRECT, INCIDENTAL, SPECIAL OR CONSEQUENTIAL LOSSES OR DAMAGES (INCLUDING LOSS OF DATA, LOSS OF USE, CLAIMS OF THIRD PARTIES OR LOST PROFITS OR REVENUES OR
OTHER ECONOMIC LOSS BY THE REQUESTING PARTY OR ANY THIRD PARTY), WHETHER IN TORT (INCLUDING NEGLIGENCE AND STRICT LIABILITY), CONTRACT OR OTHERWISE, ARISING IN ANY MANNER OUT OF OR IN CONNECTION WITH THIS AGREEMENT, ITS PERFORMANCE OR BREACH HEREOF,
OR INCIDENT TO EITHER PARTY’S OR ANY THIRD PARTY’S USE OF (OR ANY INABILITY TO USE) ANY DATA SHARED HEREUNDER, AND WHETHER OR NOT THE RETRIEVING PARTY HAS BEEN ADVISED OF OR OTHERWISE MIGHT HAVE ANTICIPATED THE POSSIBILITY OF SUCH DAMAGES.

  
 12 

 ARTICLE IX 

DURATION; NO TERMINATION 

Section 9.1 Term of Agreement. This Agreement shall become effective on the Effective Date and shall remain in force unless and
until the Parties expressly agree in writing to terminate this Agreement “Term.” 
 Section 9.2 No Termination.
The Parties agree that neither Party shall have the right to terminate this Agreement based on any breach hereof or for any other reason, and each Party’s sole and exclusive remedy with respect to any breach hereof by the other Party shall be
to seek indemnification for the breach in accordance with Article VII or injunctive or other equitable relief pursuant to Section 7.3 to cure, limit and restrain any such breach or threatened breach. 

ARTICLE X 

MISCELLANEOUS 

Section 10.1 Interpretation. 

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

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

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

  
 13 

 (g) References to “U.S.” are to the United States of America, including its
territories and possessions. 
 (h) References to any Law shall be deemed to refer to such Law as amended from time to time and to any rules
or regulations promulgated thereunder. 
 (i) Any reference to “days” means calendar days unless Business Days are expressly
specified. 
 (j) When calculating the period of time before which, within which or following which any act is to be done or step taken
pursuant to this Agreement, the date that is the reference date in calculating such period shall be excluded. If the last day of such period is a non-Business Day, the period in question shall end on the next
succeeding Business Day. 
 Section 10.2 SDA Provisions. The following provisions of the Separation and Distribution Agreement
are hereby incorporated by reference mutatis mutandis: Article IX (Dispute Resolution), Section 11.1 (Complete Agreement; Construction), Section 11.3 (Counterparts), Section 11.7 (Waivers),
Section 11.8 (Amendments), Section 11.9 (Assignment), Section 11.10 (Successors and Assigns), Section 11.15 (Title and Headings), Section 11.19 (Severability), and Section 11.20 (No
Duplication; No Double Recovery). 
 Section 10.3 Force Majeure; Change in Applicable Law. 

(a) No Party shall be liable or responsible to the other Party, nor be deemed to have defaulted under or breached this Agreement, for any
failure or delay in fulfilling or performing any provision of this Agreement, when and to the extent such failure or delay is caused by or results from acts beyond the affected Party’s reasonable control, including: (i) acts of God;
(ii) flood, fire or explosion; (iii) war, invasion, riot or other civil unrest; (iv) actions, embargoes or blockades in effect on or after the Effective Date; (v) national or regional emergency; or (vi) epidemic or pandemic
(each of the foregoing, a “Force Majeure Event”). A Party whose performance is affected by a Force Majeure Event shall give notice to the other Party, stating the period of time the occurrence is expected to continue and shall use
diligent efforts to end the failure or delay and minimize the effects of such Force Majeure Event. 
 (b) If the performance of this
Agreement or any portion hereof will violate any Data Protection Law or other applicable Law, then either Party shall have the right to suspend, and not execute, any Sharing of Data or other activities hereunder, but only to the extent that such
activities violate applicable Law. The Party suspending Sharing of Data or other activities hereunder shall give the reason and notice to the other Party of such decision. 

(c) If any Sharing of Data hereunder is subject to any Law of any country which requires a change in the terms of this Agreement or additional
actions, then the Parties will use reasonable commercial efforts to promptly amend this Agreement or otherwise comply with any such Laws. 

  
 14 

 Section 10.4 Notices. All notices and other communications to be given to either
Party under this Agreement shall be sufficiently given for all purposes hereunder if in writing and delivered by hand, courier or overnight delivery service, or five (5) days after being mailed by certified or registered mail, return receipt
requested, with appropriate postage prepaid, or electronically mailed (with a response confirming receipt), and shall be directed to the address set forth below (or at such other address for a Party as shall be specified in a notice given in
accordance with this Section 10.4): 
  

			
	 To IP RemainCo:
	  	
		
	 [•]
	  	
	 [•]
	  	
	 [•]
	  	
	 Attention:
	  	 [•]

	 Email:
	  	 [•]

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

		
	 [•]
	  	
	 [•]
	  	
	 [•]
	  	
	 Attention:
	  	 [•]

	 Email:
	  	 [•]

	
	 To Product SpinCo:

		
	 [•]
	  	
	 [•]
	  	
	 [•]
	  	
	 Attention:
	  	 [•]

	 Email:
	  	 [•]

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

		
	 [•]
	  	
	 [•]
	  	
	 [•]
	  	
	 Attention:
	  	 [•]

	 Email:
	  	 [•]

 Section 10.5 Third-Party Beneficiaries. Except as provided in Article VII relating to
Indemnitees, this Agreement is solely for the benefit of, and is only enforceable by, the Parties and their permitted successors and assigns and should not be deemed to confer upon third parties any remedy, benefit, claim, liability, reimbursement,
cause of Action or other right of any nature whatsoever, including any rights of employment for any specified period, in excess of those existing without reference to this Agreement. 

Section 10.6 Governing Law. This Agreement and any dispute arising out of, in connection with or relating to this Agreement shall
be governed by and construed in accordance with the Laws of the State of Delaware, without giving effect to the conflicts of laws principles thereof. 

  
 15 

 Section 10.7 No Joint Venture or Partnership. The relationship between the
Parties is that of independent contractors. Nothing contained in this Agreement shall be construed as creating any agency, partnership, joint venture or other form of joint enterprise, employment or fiduciary relationship between the Parties, and
neither Party shall have authority to contract for or bind the other Party in any manner whatsoever. 
 Section 10.8
Divestiture. If, during the Term of this Agreement, any Party (i) divests one or more legal entity, business unit or product line that is part of such Party’s Group to an unaffiliated third party or (ii) spins out any legal
entity, business unit or product line that is part of such Party’s Group in a transaction not involving an unaffiliated third party where the legal entity, business unit or product line is no longer owned or operated, as applicable, by such
Party’s Group after such spin out (in each case, a “Divested Business”), then the rights and obligations granted under this Agreement relevant to such Divested Business shall be binding upon the acquirer of such Divested
Business, or such Divested Business, as applicable, and the Party that divests such Divested Business shall either: (a) cause the acquirer of such Divested Business, or such Divested Business, as appliable, to agree in writing to be bound by
the applicable terms of this Agreement or (b) at the request of the other Party, use commercially reasonable efforts to cause the Divested Business to comply with its obligations under this Agreement, in the event that the other Party
reasonably believes that the Divested Business is failing to comply with its obligations under this Agreement. 
 [Remainder of page
intentionally left blank] 

  
 16 

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

			
	 Adeia Inc.

		
	 By:
	 	 
		 	 Name:

		 	 Title:

	
	 Xperi Inc.

		
	 By:
	 	 
		 	 Name:

		 	 Title:

  
 17 

 [SCHEDULE 5.3] 

Retention Schedule for Select Records 
  

					
	 Category of Record
	  	 Retention Period
	  	 Description

	 Records Held by IP RemainCo:

	[***]	  	[***]	  	[***]
	 Records Held by Product SpinCo:

	[***]	  	[***]	  	[***]

  
 18 

 SCHEDULE 5.4 

[Records Coordinators] 
  

	I.	 IP RemainCo Coordinator 

 

			
	 Name:
	  	 [•]

	 Title:
	  	 [•]

	 Email Address:
	  	 [•]

	 Telephone Number:
	  	 [•]

  

	II.	 Product SpinCo Coordinator 

 

			
	 Name:
	  	 [•]

	 Title:
	  	 [•]

	 Email Address:
	  	 [•]

	 Telephone Number:
	  	 [•]

  
 19EX-10.7

 Exhibit 10.7 

THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY OTHER APPLICABLE SECURITIES LAWS. IT MAY NOT BE SOLD OR OTHERWISE
TRANSFERRED UNDER CIRCUMSTANCES THAT WOULD RESULT IN A VIOLATION OF THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT OF 1933 OR SUCH OTHER LAWS. 

TiVo Product Holdco LLC 

FORM OF SENIOR UNSECURED PROMISSORY NOTE 
  

			
	 US$50,000,000
	  	July 1, 2022

 For value received, TiVo Product Holdco LLC (the “Issuer”) hereby unconditionally promises to pay to the holders
listed on Annex A (together with any permitted assigns hereunder, the “Holders”) the aggregate principal amount of $50,000,000 (as may be reduced from time to time pursuant to the terms of Article 8 of the Purchase Agreement, the
“Principal Amount”) together with all accrued interest thereon calculated from the Effective Date in accordance with the provisions of this promissory note (this “Note”). 

This Note was issued pursuant to that certain Stock Purchase Agreement, dated as of July 1, 2022 (as amended, restated, amended and restated,
supplemented, replaced or otherwise modified from time to time, the “Purchase Agreement”), by and among Xperi Holding Corporation, TiVo Product Holdco LLC, Vewd Software Holdings Limited (the “Company”), Shareholder
Representative Services LLC, a Colorado limited liability company, and securityholders of the Company. These Notes are the “Promissory Notes” referred to in the Purchase Agreement. 

1.    Definitions. Capitalized terms used herein shall have the meanings set forth below and any capitalized terms used but not
otherwise defined herein shall have the meanings ascribed to such terms in the Purchase Agreement: 
 “Allocation Date”
means the date that is 3 Business Days after the Determination Date. 
 “Alternative Facility” means, to the extent that any
Obligor borrows money or guarantees obligations under any credit facility or bonds, debentures, notes or similar instruments on or after the Qualifying Spin-off Transaction Date, any such facility or
instrument. 
 “Alternative Interest Rate” means, as of any date of determination, to the extent that any Obligor borrows
money or guarantees obligations under any Alternative Facility on a secured basis, the highest interest rate payable under any such Alternative Facility as of such date as agreed by the Principal Holder and the Issuer. 

“Beneficial Ownership Regulation” means 31 C.F.R. § 1010.230, as amended or modified from time to time. 

“Change of Control” means the occurrence of one or more of the following events: (a) prior to a Qualifying Spin-off Transaction, (i) the Issuer Parent ceases to own beneficially, directly or indirectly, in the aggregate, at least 50% of the aggregate ordinary voting power and equity interests representing at least a
majority of the aggregate ordinary voting power represented by the issued and outstanding equity interests of any of the Issuer, the Company or Vewd AS, (ii) the Issuer Parent fails to have the ability to elect (either through share ownership
or contractual voting or proxy rights) a majority of the board of directors (or comparable management body) of any of the Issuer, the Company or Vewd AS or (iii) there shall have occurred under the Senior Credit Facility any “Change in
Control” (as defined in the Senior Credit Facility as in effect on the date hereof); provided that in any case a Qualifying Spin-off Transaction shall not constitute a Change of Control hereunder,
and (b) after a Qualifying Spin-off Transaction, (i) the Ultimate Parent of any of the Issuer, the Company or Vewd AS ceases to own beneficially, directly or indirectly, in the aggregate, at least
50% of the aggregate ordinary voting power and equity interests representing at least a majority of the aggregate ordinary voting power represented by the issued and outstanding equity interests of any of the Issuer, the Company or Vewd AS, as
applicable, (ii) the Ultimate Parent of the Issuer, the Company or Vewd AS fails to have the ability to elect (either through share ownership or contractual voting or proxy rights) a majority of the board of directors (or comparable management
body) of any of the Issuer, the Company or Vewd AS, as applicable, or (iii) there shall have occurred under any Alternative Facility in effect at any time on or after 

 
the Qualifying Spin-off Transaction Date or any other document evidencing Indebtedness of the Ultimate Parent of the Issuer, the Company or Vewd AS with an
outstanding principal amount in excess of $200,000,000 any “change in control” or similar provision (as set forth in the Alternative Facility or such other documentation), and in each case the new Ultimate Parent of the Issuer, the Company
or Vewd AS, as applicable, fails to deliver a replacement guaranty in substantially the same form, and on the same terms and conditions, as the Guaranty pursuant to which the new Ultimate Parent guarantees the obligations of the Issuer hereunder (it
being understood and agreed that the Ultimate Parent shall have a credit rating no worse than Ba3 (by Standard & Poor’s Ratings Services) and BB- (by Moody’s Investors Service, Inc.),
respectively). 
 “Control” has the meaning set forth in the definition of “Affiliate” in the Purchase Agreement.

 “Declined Proceeds” has the meaning set forth in the Senior Credit Facility in effect as of the Effective Date. 

“Determination Date” is the date on which the cash in the purchase price adjustment escrow is released pursuant to
Section 2.6(f) of the Purchase Agreement. 
 “Disposition” or “Dispose” means, in respect of a Person,
the sale, transfer, license, lease or other disposition (including any sale leaseback transaction and any sale or issuance of equity interests in a Subsidiary) of any property by such Person, including any sale, assignment, transfer or other
disposal, with or without recourse, of any notes or accounts receivable or any rights and claims associated therewith. 
 “Effective
Date” means the date on which the conditions specified in Section 8 are satisfied (or waived in accordance with Section 16). 

“Event of Default” has the meaning set forth in Section 11. 

“First Interest Payment Date” means the date that is 6 Business Days after the Determination Date. 

“Guarantors” has the meaning set forth in the Guaranty. 

“Guaranty” means that certain Guaranty dated as of July 1, 2022 by and among the Guarantors guaranteeing the obligations
of the Issuer hereunder. 
 “Holder Percentage” means, as to any Holder, the percentage assigned to such Holder on Annex
A, such percentage as updated from time to time to reflect assignments and payments hereunder. 
 “Interest Rate” means
6.00% per annum; provided that if a Qualifying Spin-off Transaction occurs, the Interest Rate shall be, from (and including) the Qualifying Spin-off Transaction
Date, the greater of (a) 6.00% and (b) the sum of (i) the Alternative Interest Rate plus (ii) 2.00%. 
 “Issuer
Parent” means, with respect to the Issuer at any time, the Ultimate Parent thereof at such time (which Person, as of the Effective Date, is Xperi). 

“Knowledge” means the actual knowledge, after due inquiry, of a Responsible Officer of the Company. 

“Lien” means, with respect to any asset, any mortgage, deed of trust, lien, pledge, hypothecation, encumbrance, charge in the
nature of a security interest or security interest in, on or of such asset. 
 “Material Adverse Effect” means (a) a
material adverse change in, or a material adverse effect upon, the operations, business, properties, liabilities (actual or contingent) or condition (financial or otherwise) of the Obligors taken as a whole, (b) a material impairment of the
rights and remedies of the Required Holders under this Note or the Guaranty, or (c) a material adverse effect upon the legality, validity, binding effect or enforceability of this Note or the Guaranty. 

“Maturity Date” has the meaning set forth in Section 2. 

“Net Proceeds” has the meaning set forth in the Senior Credit Facility in effect as of the Effective Date. 

“Obligor” means the Issuer and each Guarantor. 

  
 2 

 “Ordinary Holders” means the holders of the Ordinary Shares. 

“Parent” means, with respect to a Person at any time, another Person that directly or indirectly through one or more
intermediaries Controls such Person at such time. 
 “PATRIOT Act” means the Uniting and Strengthening America by Providing
Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, as amended or modified from time to time. 
 “Permitted
Indebtedness” means, at any time, Relevant Indebtedness permitted to be incurred under Section 6.01 of the Senior Credit Facility in effect as of the Effective Date; provided that if a Qualifying Spin-off Transaction occurs, “Permitted Indebtedness” shall mean either (i) Relevant Indebtedness permitted to be incurred under the terms of any Alternative Facility in effect as of the Qualifying Spin-Off Transaction Date or (ii) if there is no Alternative Facility as of such date, then Indebtedness not to exceed the aggregate principal amount of $250,000,000. 

“Preferred Holders” means the holders of the Preference Shares. 

“Prepayment Event” means any event described in clause (a) or clause (b) of the definition of the term
“Prepayment Event” set forth in the Senior Credit Facility in effect as of the Effective Date. 
 “Principal
Holder” means North Haven Credit Partners II, L.P. 
 “Qualifying Spin-off
Transaction” means a distribution or other Disposition, in a single transaction or series of related transactions, by the Issuer Parent or any of its Subsidiaries of all or substantially all of its product business division (including the
Company); provided (a) that if, immediately following such distribution or other Disposition, the Issuer Parent has no Obligations (as defined in the Senior Credit Facility) under the Senior Credit Facility, for the purposes hereof no
Qualifying Spin-off Transaction shall be deemed to have occurred; (b) that a Qualifying Spin-Off Transaction shall occur only if, at the time of closing of such
distribution or other Disposition, this Note is guaranteed by the Ultimate Parent of the Issuer immediately following such time of closing and any guarantors under any Alternative Facility entered into by the Ultimate Parent of the Issuer (or the
Ultimate Parent’s Subsidiaries) in connection with such distribution or other Disposition, and (if there is no Alternative Facility or otherwise) such other Subsidiaries of such Ultimate Parent as may be agreed between the Issuer and the
Required Holders, pursuant to an amended and restated Guaranty in form and substance satisfactory to the Required Holders; (c) that each Person that is a Guarantor under such amended and restated Guaranty shall make the representations and
warranties set forth herein in Section 7 to the Holders of this Note as of the time of closing of such distribution or other Disposition; (d) as of the time of closing of such distribution or other Disposition, no
Event of Default, or any event which upon notice, lapse of time or both would, unless cured or waived, become an Event of Default, shall have occurred and be continuing; (e) an Officer’s Certificate shall be provided by a Responsible
Officer of each Person that is a Guarantor under such amended and restated Guaranty, in form and substance reasonably acceptable to the Required Holders, confirming compliance with the conditions set forth in clauses (c) and (d) of this
definition as of the date of closing of such distribution or other Disposition; (f) the Holders of this Note shall have received a favorable written opinion (addressed to each Holder and dated as of the date of closing of such distribution or
other Disposition) of counsel for the Issuer, in substantially the same form and substance as the written opinion provided pursuant to Section 9(f) and (g) the Holders of this Note shall have received a copy of any
Alternative Facility entered into or to be entered into in connection with such distribution or other Disposition and such other documents as the Required Holders may reasonably request in connection with such distribution or other Disposition. 

“Qualifying Spin-off Transaction Date” means the date upon which a Qualifying Spin-off Transaction occurs. 
 “Relevant Indebtedness” means “Indebtedness” as
defined in the Senior Credit Facility in effect as of the Effective Date; provided that if a Qualifying Spin-off Transaction occurs, “Relevant Indebtedness” shall mean “Indebtedness”
as defined in any Alternative Facility or the equivalent definition thereof in such Alternative Facility; provided, further, that if the Issuer does not enter into an Alternative Facility as of the Qualifying Spin-off Transaction Date, then “Relevant Indebtedness” shall continue to have the same definition as “Indebtedness” under the Senior Credit Facility in effect as of the Qualifying Spin-off Transaction Date. 

  
 3 

 “Required Holders” means, until the Allocation Date, the Principal Holder,
and thereafter at any time (i) the Holders holding an outstanding Principal Amount under this Note at such time whose aggregate Holder Percentage represents at least 50% of the total outstanding Principal Amount under this Note at such time;
and (ii) the Principal Holder, as long as the Principal Holder holds at least 33% of the outstanding Principal Amount under this Note; provided that for the purpose of determining the Required Holders needed for any waiver, amendment,
modification or consent of or under this Note or the Guaranty, any Holder that is the Issuer or an Affiliate of the Issuer shall be disregarded. 

“Responsible Officer” means, in respect of a Person, the president or other executive officer of such Person, or otherwise the
chief financial officer, principal accounting officer or treasurer for such Person. 
 “Senior Credit Facility” means that
certain Credit Agreement dated as of June 1, 2020 by and among, inter alios, Xperi Holding Corporation, the lenders party thereto and Bank of America, N.A. as Administrative Agent and Collateral Agent as amended by Amendment No. 1
to Credit Agreement dated as of June 8, 2021 (unless otherwise stated, as in effect as of the Effective Date). 
 “Shortfall
Amount” means the absolute value of the difference, if any, between (i) $12,800,000 and (ii) the aggregate amount of: (A) any Closing Cash received by the Preferred Holders and (B) any cash from the purchase price adjustment
escrow under Section 2.6(f) of the Purchase Agreement received by the Preferred Holders. 
 “Tax” means any tax, levy,
impost, duty or other charge or withholding of a similar nature (including any related penalty or interest payable in connection with any failure to pay or any delay in paying any of the same). 

“Tax Deduction” means a deduction or withholding for or on account of Tax from a payment under this Note. 

“Ultimate Parent” means, with respect to a Person at any time, a Parent of such Person that is not a Subsidiary of any Parent
of such Person. 
 “US Withholding Tax Form” means whichever of the following is relevant (including in each case any
successor form): (a) IRS Form W-8BEN or W-8BEN-E, (b) IRS Form W-8IMY (with
appropriate attachments), (c) IRS Form W-8ECI, (d) IRS Form W-8EXP, (e) IRS Form W-9, (f) in the case of a Holder
relying on the so-called “portfolio interest exemption,” IRS Form W-8BEN or
W-8BEN-E and a certificate to the effect that such Holder is not (1) a “bank” within the meaning of section 881(c)(3)(A) of the Code, (2) a
“10 percent shareholder” of the relevant Obligor within the meaning of section 881(c)(3)(B) of the Code, or (3) a “controlled foreign corporation” described in section 881(c)(3)(C) of the Code, or (g) any other IRS
form by which a person may claim complete exemption from, or reduction in the rate of, withholding (including backup withholding) of United States federal income tax on interest and other payments to that person. 

“Vewd AS” means Vewd Software AS. 

“Xperi” means Xperi Holding Corporation. 

2.    Maturity. Without prejudice to Section 5 hereof, the outstanding Principal Amount on this Note, all
unpaid interest accrued hereunder and all other amounts payable hereunder shall be due and payable in full by the Issuer on July 1, 2025 (the “Maturity Date”) or on such earlier date following the occurrence of an Event of
Default as provided in Section 11 hereof. 
 3.    Interest. 

(a)    Interest Rate. Except as provided in Section 2(d), interest shall accrue daily at
the Interest Rate on the outstanding principal balance of this Note commencing on (and including) the Effective Date to (and excluding) the date on which the Principal Amount of this Note is paid in full, whether at maturity, upon acceleration, by
prepayment, or otherwise. 

  
 4 

 (b)    Computation of Interest. Interest shall be computed
hereunder on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed. Interest shall be payable to each Holder pro rata in accordance with its Holder Percentage. 

(c)    Interest Payment Dates. The first date on which interest shall be paid to Holders shall be the First
Interest Payment Date, and thereafter interest shall be paid on a quarterly basis commencing on the quarter that is the first calendar quarter from the Closing Date falling after such First Interest Payment Date, and then no later than the fifth (5th) day after each calendar quarter thereafter (each such due date, an “Interest Payment Date”), on the unpaid Principal Amount of this Note (each such amount due, an “Interest
Payment”). 
 (d)    Default Interest. Notwithstanding the foregoing, if any principal of or interest on
any Note or other amount payable by the Issuer hereunder is not paid when due, whether at stated maturity, upon acceleration or otherwise (or if an Event of Default under Section 11(a) or (b) has occurred and is
continuing, such overdue amount shall bear interest at the Interest Rate plus 2.00% per annum from the date of such non-payment until such amount is paid in full. 

(e)    Interest Rate Limitation. Under no circumstances shall the rate of interest chargeable under this Note be in
excess of the maximum amount permitted by applicable Laws. If at any time the interest rate chargeable under this Note shall exceed the maximum rate of interest permitted under applicable Laws, such interest rate shall be reduced automatically to
the maximum rate permitted. 
 4.    Unsecured Obligation. This Note represents a senior unsecured obligation of the Issuer and
will not be subordinate to any other debt of the Issuer now existing or hereafter incurred. Notwithstanding the foregoing, this Note shall rank pari passu with all other senior unsecured obligations of the Issuer and any guarantors thereof
with respect to right of payment and priority. 
 5.    Prepayment. 

(a)    Optional Prepayment. At any time, the Issuer may, on any one or more occasions, prepay before the Maturity
Date all or any portion of the unpaid Principal Amount of this Note without premium or penalty, upon a prepayment notice given by the Issuer to the Holders as provided in Section 5(b) hereof (a “Prepayment
Notice”), at a prepayment price (a “Prepayment Price”) equal to: 
 (i)     100% of the
Principal Amount of this Note prepaid, plus 
 (ii)     accrued and unpaid interest, if any, to, but
excluding, the applicable prepayment date (a “Prepayment Date”), provided that nothing in this Section 5(a) shall affect the rights of the Holders to receive interest due on an Interest Payment Date
that is prior to the applicable Prepayment Date. 
 (b)    Prepayment Notice. The Issuer will provide a
Prepayment Notice to each Holder to which a Principal Amount outstanding under this Note is to be prepaid, in accordance with the notice requirements set forth in Section 10.2 of the Purchase Agreement. 

The Prepayment Notice shall identify this Note and shall state: 

(i)     the Prepayment Date; 

(ii)     the Prepayment Price; 

(iii)     if the Note is being prepaid in part, the portion of the Principal Amount to be prepaid; 

(iv)     the paragraph and or section of this Note pursuant to which such prepayment is being made; and 

(v)     if such notice is conditioned upon the effectiveness of a refinancing to repay this Note, in which case such
notice may be revoked by the Issuer (by notice to each Holder on or prior to the specified effective date) if such condition is not satisfied. 

  
 5 

 (c)     Prepayment upon a Change of Control. Notwithstanding
anything to the contrary contained herein (including, without limitation, Section 5(a) above), the Issuer shall, in connection with a Change of Control, prepay to each Holder in cash, on or promptly (and in any event not
later than five (5) Business Days following) the date of such Change of Control: 
 (i)     100% of the Principal
Amount of this Note prepaid, plus 
 (ii)     accrued and unpaid interest, if any, to, but excluding, the date on
which prepayment under this Section 5(c) is made, provided that nothing in this Section 5(c) shall affect the rights of the Holders to receive interest due on an Interest Payment Date that
is on or prior to the applicable Prepayment Date. 
 (d)    Prepayment upon an Asset Sale. 

(i)    In the event and on each occasion that any Net Proceeds are received by an Obligor in respect of any Prepayment
Event where such event occurs prior to the occurrence of a Qualifying Spin-off Transaction, the Issuer shall, to the extent any such Net Proceeds become Declined Proceeds pursuant to
Section 2.08(e) of the Senior Credit Facility in effect as of the Effective Date, prepay to each Holder in cash, on or promptly (and in any event not later than five (5) Business Days) following the date such Net
Proceeds become Declined Proceeds, the amount of such Declined Proceeds, which shall be allocated among the Holders in proportion, as nearly as possible, to the Holder Percentage of each Holder as of the time of such prepayment. 

(ii)    In the event and on each occasion that any cash proceeds are received by any Obligor after the occurrence of a
Qualifying Spin-off Transaction, following a disposition of any asset of such Obligor (for any individual transaction or series of related transactions) or any casualty or other insured damage to, or any
taking under power of eminent domain or by condemnation or similar proceeding of, any asset of such Obligor resulting in net proceeds of more than $100,000,000, to the extent that such proceeds are not required to be applied to prepay any
Indebtedness under any Alternative Facility under the terms thereof (if any), or are not reinvested within (1) 360 days of the date of receipt of such proceeds or (2) if any Obligor enters into a legally binding commitment to reinvest such
proceeds within six (6) months following receipt thereof, within the earlier of six months following the date of such legally binding commitment is entered into and the date on which such legally binding commitment terminates or is abandoned
without the consummation of the reinvestment contemplated thereby, the Issuer shall prepay to each Holder the amount of proceeds not so applied or reinvested in cash on or before the date falling one year after the date such proceeds were received
by such Obligor (to the extent such date is prior to the Maturity Date) which shall be allocated among the Holders in proportion, as nearly as possible, to the Holder Percentage of each Holder as of the time of such prepayment. 

(e)    Effect of Prepayment Notice. Once a Prepayment Notice is sent in accordance with
Section 5(b), the Principal Amount of this Note called for prepayment shall become irrevocably due and payable (subject to the provisions of Section 5(b) hereof) on the Prepayment Date at the
Prepayment Price. 
 (f)    No Reborrowing. No Principal Amount of this Note prepaid or repaid may be reborrowed.

 (g)    Partial Prepayments. In the case of each partial prepayment of the Principal Amount of this Note, the
Principal Amount to be prepaid shall be allocated among the Holders in proportion, as nearly as possible, to the Holder Percentage of each Holder as of the time of such prepayment. 

6.    Payment Mechanics. 

(a)    Manner of Payment. All payments of principal and interest shall be made in cash in U.S. dollars no later
than 1:00 P.M. (New York City time) on the date on which such payment is due. Such payments shall be made by wire transfer of immediately available funds to each Holder’s account at a bank specified by each such Holder in writing to the Issuer
from time to time. 
 (b)    Application of Payments. All payments shall be applied, first, to fees or
charges outstanding under this Note, second, to accrued interest, and, third, to principal outstanding under this Note. 
 (c)
    Time of Payment. If any payment on this Note becomes due on a Saturday, Sunday or other day on which commercial banks in San Francisco (CA), London (United Kingdom) or New York City (NY) are authorized

  
 6 

 
or required by Law to remain closed, then such payment shall be made on the next Business Day, as defined in the Purchase Agreement, and interest shall be calculated to include such extension.

 (d)    Evidence of Debt. The Issuer authorizes each Holder to make a record of the Principal Amount of this
Note outstanding to such Holder from time to time and each payment or prepayment thereof. The records made by each such Holder shall, to the extent permitted by applicable Law and subject to the terms of Article 8 of the Purchase Agreement, be
prima facie evidence of the existence and amounts of the obligations of the Issuer to such Holder therein recorded; provided, however, that the failure of such Holder to record such payments or prepayments, or any inaccuracy
therein, shall not in any manner affect the obligation of the Issuer to repay (with applicable interest) the outstanding Principal Amount of this Note in accordance with the terms hereof. 

(e)    Rescission of Payments. If at any time any payment made by any Obligor under this Note is rescinded or must
otherwise be restored or returned upon the insolvency, bankruptcy, or reorganization of such Obligor or otherwise, such Obligor’s obligation to make such payment shall be reinstated as though such payment had not been made. 

7.    Taxes. 
  

	 	(a)	 Tax Withholding. 

 

	 	(i)	 Each Obligor shall make all payments to be made by it under this Note without any Tax Deduction, unless a Tax
Deduction is required by law. 

  

	 	(ii)	 The Issuer shall promptly upon becoming aware that an Obligor must make a Tax Deduction (or that there is any
change in the rate or the basis of a Tax Deduction) notify the Holder accordingly. Similarly, a Holder shall notify the Issuer on becoming so aware in respect of a payment payable to that Holder. 

 

	 	(iii)	 To the extent the Issuer makes a Tax Deduction, such amounts will be treated for all purposes as having been
paid to the person in respect of whom such Tax Deduction was made, and any such amounts withheld shall be promptly remitted to the applicable tax authority. 

  

	 	(b)	 US Withholding Tax Forms. On or prior to the date on which a Holder becomes a Party to this Note (and
from time to time thereafter) upon the request of the Issuer, or on the invalidity of any previously delivered US Withholding Tax Form), such Holder shall provide to the Issuer, two (2) copies of a properly completed US Withholding Tax Form.
However, no Holder shall be required to submit any US Withholding Tax Form if that Holder is not legally entitled to do so. 

8.    Representations and Warranties. Each Obligor hereby represents and warrants to the Holders that: 

(a)     Organization; Powers. It (i) is duly organized, validly existing and in good standing under the laws of
the jurisdiction of its organization, (ii) has all requisite power and authority to own, lease and operate its assets and to carry on its business as now conducted, and (iii) is qualified to do business in, and is in good standing in,
every jurisdiction where such qualification is required, except where failure to have such qualifications would not reasonably be expected to have a Material Adverse Effect. 

(b)     Authority; Enforceability. The transactions contemplated by this Note are within its corporate powers and
have been duly authorized by all necessary corporate and, if required, shareholder action. This Note has been duly executed and delivered by it and constitutes a legal, valid and binding obligation of it enforceable in accordance with its terms,
subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. 

(c)     Approvals; No Conflicts. The transactions contemplated by this Note (i) do not require any consent or
approval of, registration or filing with, or any other action by, any Governmental Authority, nor is any such consent, approval, registration, filing or other action necessary for the validity or enforceability of this Note or the

  
 7 

 
consummation of the transactions contemplated hereby, except (A) such as have been obtained or made and are in full force and effect and (B) those third party approvals or consents
which, if not made or obtained, would not cause a default hereunder or would not reasonably be expected to have a Material Adverse Effect, (ii) will not violate any Applicable Law or regulation or its charter,
by-laws or other organizational documents or any order of any Governmental Authority, (iii) will not violate any provision of the Senior Credit Facility in effect as of the date hereof or any Alternative
Facility incurred in connection with a Qualifying Spin-off Transaction and (iv) will not result in the creation or imposition of any Encumbrance on any of its property. 

(d)    Compliance with Laws and Agreements. It is in compliance with all Governmental Authorizations applicable to
it or its property and all agreements and other instruments binding upon it or its property except where the failure to do so, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect. 

(e)    Solvency. Immediately after giving effect to the transactions contemplated by this Note, it will not be
rendered insolvent (as such term is defined in Section 3.30 of the Purchase Agreement). 

(f)    No Litigation. No action, suit, litigation, investigation, or proceeding of, or before, any arbitrator or
Governmental Authority is pending or threatened by or against it or any of its property or assets (a) with respect to this Note, the Guaranty, or any of the transactions contemplated hereby or thereby or (b) that would be expected to have
a Material Adverse Effect on its financial condition or its ability to perform its obligations under this Note. 

(g)    PATRIOT Act; Anti-Money Laundering. It is, and to its Knowledge, its directors, officers, employees, and
agents are, in compliance in all material respects with the PATRIOT Act, the Beneficial Ownership Regulation, and any other applicable terrorism and money laundering laws, rules, regulations, and orders. 

(h)    Anti-Corruption Laws and Sanctions. It has implemented and maintains in effect policies and procedures
reasonably designed to promote compliance by it and its respective directors, officers, employees and agents with Anti-Corruption Laws and applicable Sanctions, and it, its Subsidiaries and their respective officers and employees, and, to its
knowledge, its directors and agents, are in compliance with Anti-Corruption Laws and applicable Sanctions to the extent required in each relevant jurisdiction. None of (i) it or, to its Knowledge after due inquiry, any of its respective
directors, officers or employees, or (ii) to its Knowledge, any of its agents that will act in any capacity in connection with or benefit from this Note, is a Sanctioned Person. None of the proceeds of this Note will be used in a manner that
violates any Anti-Corruption Law or applicable Sanctions. 
 9.    Conditions. The obligation of the Holders to make the
Principal Amount of this Note available to the Issuer shall not become effective until the date on which each of the following conditions is satisfied (or waived in accordance with Section 16): 

(a)    each Holder shall have received from each party hereto a counterpart of this Note signed on behalf of such party;

 (b)    each Holder shall have received from each Guarantor a counterpart of the Guaranty signed on behalf of each
Guarantor; 
 (c)    the representations and warranties set forth in this Note shall be true and correct on and as of
such date; 
 (d)    as of such date no Event of Default, or any event which upon notice, lapse of time or both would,
unless cured or waived, become an Event of Default, shall have occurred and be continuing; 
 (e)    each of the
conditions set forth in Article 7 of the Purchase Agreement shall have been satisfied or waived in accordance with the terms thereof; 

(f)    each Holder shall have received a favorable written opinion (addressed to each Holder and dated the Effective Date)
of Baker & McKenzie LLP, counsel for the Issuer, in form and substance reasonably satisfactory to the Holders, and the Issuer hereby requests such counsel to deliver such opinion; 

  
 8 

 (g)    each Holder shall have received such documents and certificates
as such Holder or its counsel may reasonably request relating to the organization, existence and good standing of each Obligor, the authorization of the transactions connected herewith and any other legal matters relating to any Obligor, this Note
or such transactions, all in form and substance satisfactory to each Holder and its counsel; 
 (h)    an Officer’s
Certificate shall have been provided by a Responsible Officer of each Obligor, in form and substance reasonably acceptable to the Required Holders, confirming compliance with the conditions set forth in Sections 8(c) and (d); 

(i)    each Holder shall have received a copy of the Senior Credit Facility in effect as of such date; and 

(j)    each Holder shall have received at least two (2) days prior to such date, all documentation and other
information regarding the Obligors requested in connection with applicable “know your customer” and anti-money laundering rules and regulations, including the PATRIOT Act and Beneficial Ownership Regulation, to the extent requested in
writing of the Borrower at least five (5) days prior to such date. 
 9.    Affirmative Covenants. Until the payment in full
of all the obligations of the Issuer under or arising from this Note, each Obligor shall: 
 (a)    preserve, renew, and
maintain in full force and effect its corporate or organizational existence and take all reasonable action to maintain all rights, privileges, and franchises necessary or desirable in the normal conduct of its business, except, in each case, where
the failure to do so would not reasonably be expected to have a Material Adverse Effect; 
 (b)     comply with all Laws
applicable to it and its business and its obligations under its material contracts and agreements, except where the failure to do so would not reasonably be expected to have a Material Adverse Effect; 

(c)     maintain in effect and enforce policies and procedures reasonably designed to achieve compliance in all material
respects by each Obligor and each of its directors, officers, employees and agents with Anti-Corruption Laws and applicable Sanctions; 

(d)    pay, discharge, or otherwise satisfy at or before maturity or before they become delinquent, as the case may be,
all its material obligations of whatever nature, except where the amount or validity thereof is currently being contested in good faith by appropriate proceedings, and reserves in conformity with GAAP with respect thereto have been provided on its
books unless such liabilities, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect; 
 (e)
    keep and maintain satisfactory and adequate books and records; 
 (f)    promptly notify the
Holders after it obtains Knowledge of (i) any Proceeding brought against it that is pending and which would reasonably be expected to have a Material Adverse Effect and (ii) any default or event of default under any material Indebtedness
(other than Indebtedness arising under this Note) of any Obligor; 
 (g)    promptly and in any event within five
(5) Business Days after it obtains Knowledge that an Event of Default has occurred, notify the Holders in writing of the nature and extent of such Event of Default and the action, if any, it has taken or proposes to take with respect to such
Event of Default; 
 (h)    deliver to each Holder, via email to
[                    ] (i) a copy of any annual or quarterly financial statements and such other financial information required to be
delivered to the lenders under Section 5.01 of the Senior Credit Facility substantially concurrently with the delivery thereof to such lenders, and a copy of any proposed amendment or waiver of a material term (including,
without limitation, any proposed modification of a financial covenant) of any documentation for the Senior Credit Facility, (ii) at any time after a Qualifying Spin-off Transaction, all such similar
information under any Alternative Facility, if any; provided that if the Issuer has not entered into an Alternative 

  
 9 

 
Facility on or after the Qualifying Spin-off Transaction Date, then the Issuer shall deliver any annual report on
Form-10K for any fiscal year within 90-days after the end of such fiscal year and any quarterly report on Form 10-Q for any
fiscal quarter within 45 days after the end of such fiscal quarter, in each case, as filed by the Issuer (or the Ultimate Parent of the Issuer after a Qualifying Spin-off Transaction, if applicable) with the U.S. Securities and Exchange Commission; and 
 (i)    upon
the request of a Holder, promptly execute and deliver such further instruments and do or cause to be done (including causing any Guarantor to do) such further acts as may be reasonably necessary or advisable to carry out the intent and purposes of
this Note. 
 10.    Negative Covenants. Until the Issuer has made payment in full of all obligations of the Issuer under or
arising from this Note, each Obligor shall not: 
 (a)    create, incur, assume or permit to exist any Relevant
Indebtedness, except Permitted Indebtedness; 
 (b)     engage in any material line of business substantially different
from those lines of business conducted by any Obligor on the Closing Date other than any business reasonably related, complementary, synergistic or ancillary thereto or reasonable extensions thereof; or 

(c)     incur any Indebtedness that is contractually subordinated in right of payment to any other Indebtedness of the
Issuer unless such Indebtedness is also contractually subordinated in right of payment to any amount payable under this Note on substantially similar terms. 

11.    Events of Default.    The occurrence of any of the following events shall constitute an “Event
of Default” hereunder: 
 (a)    (i)    any Obligor shall (i) voluntarily commence any
proceeding or file any petition seeking liquidation, reorganization or other relief under any federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect, (ii) consent to the institution of, or fail
to contest in a timely and appropriate manner, any proceeding or petition described in Section 11(b), (iii) apply for or consent to the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar
official for any Obligor or for a substantial part of its assets, (iv) file an answer admitting the material allegations of a petition filed against it in any such proceeding, (v) make a general assignment for the benefit of creditors or
(vi) take any action for the purpose of effecting any of the foregoing; or 
 (b)    an involuntary proceeding
shall be commenced or an involuntary petition shall be filed seeking (i) liquidation, reorganization or other relief in respect of any Obligor or its debts, or of a substantial part of its assets, under any federal, state or foreign bankruptcy,
insolvency, receivership or similar law now or hereafter in effect or (ii) the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for any Obligor or for a substantial part of its assets, and, in any
such case, such proceeding or petition shall continue undismissed for sixty (60) days or an order or decree approving or ordering any of the foregoing shall be entered; or 

(c)    (i) if any payment of principal or interest payable to the Holders is not received by the Holders in immediately
available funds on the date such payment is due and payable and, with respect to interest amounts, such failure continues unremedied for five (5) days, or (ii) if any payment of fees, expenses, indemnities or other sums payable to the
Holders is not received by the Holders in immediately available funds on the date such payment is due and payable and such failure to receive payment in immediately available funds continues for a period of ten (10) days after the due date
therefor; or 
 (d)    any Obligor fails to observe or perform (i) any covenant, condition, or agreement contained
in Section 9(g) or Section 10 or (ii) any other covenant, obligation, condition, or agreement contained in this Note or the Guaranty, other than those specified in sub-paragraph (i) hereof and Section 11(c), and such failure continues for thirty (30) days of the earlier of (i) a Responsible Officer of any Obligor has Knowledge of such
failure or (ii) receipt by such Obligor of written notice from the Holders of such default; or 

  
 10 

 (e)    any representation or warranty made by the Issuer to the Holders
herein or by the Guarantors in the Guaranty is incorrect in any material respect on the date as of which such representation or warranty was made; or 

(f)    any Obligor (i) fails to pay when due any of its Indebtedness (other than Indebtedness arising under this
Note), or any interest or premium thereon, when due and such failure continues after the applicable grace period, if any, specified in the agreement or instrument relating to such Indebtedness, or (ii) fails to perform or observe any covenant,
term, condition or agreement relating to any of its Indebtedness (other than Indebtedness arising under this Note) or contained in any instrument or agreement evidencing or relating thereto, or any other event occurs or condition exists, the effect
of which failure or other event or condition is to cause, with the giving of notice, if required, such Indebtedness to become due prior to its stated maturity (or, in the case of any such Indebtedness constituting direct or indirect guarantees or
other contingent Liabilities, to become payable), or any such Indebtedness is declared to be due and payable, or required to be prepaid or redeemed (other than by a regularly scheduled required prepayment or redemption or as a mandatory prepayment),
purchased or defeased, or an offer to prepay, redeem, purchase or defease such Indebtedness shall be required to be made, in each case prior to the stated maturity thereof; provided that, a default, event or condition described in clause
(i) or (ii) of this Section 11(f) shall not at any time constitute an Event of Default unless, at such time, one or more defaults, events or conditions of the type described in clauses (i) and (ii) of this
Section 11(f) has occurred and is continuing with respect to Indebtedness the outstanding principal amount of which exceeds in the aggregate $50,000,000; or 

(g)    one or more final non-appealable judgments or decrees rendered by a court
of competent jurisdiction shall be entered against an Obligor and all of such judgments or decrees shall not have been vacated, discharged, or stayed or bonded pending appeal within ninety (90) calendar days from the entry thereof;
provided that, entries of judgments or decrees described in this Section 11(g) shall not at any time constitute an Event of Default unless, at such time, one or more judgments or decrees of the type described in this
Section 11(g) has occurred and is continuing the amount of which exceeds in the aggregate $50,000,000; or 

(h)    any material provision of this Note or the Guaranty, at any time after its execution and delivery and for any
reason other than as expressly permitted hereunder or thereunder or satisfaction in full of the outstanding Principal Amount on this Note, all unpaid interest accrued hereunder and all other amounts payable hereunder, ceases to be in full force and
effect, or the Issuer or any other Person contests in writing the validity or enforceability of any provision of this Note or the Guaranty, or the Issuer denies in writing that it has any or further liability or obligation under this Note or the
Guaranty, or purports in writing to revoke, terminate or rescind this Note or the Guaranty. 
 Upon the occurrence of an Event of Default, the Required
Holders may, but with no obligation on any Holder to do so and without incurring any liability to the Issuer, declare by written notice to the Issuer that the outstanding Principal Amount of this Note and all unpaid interest accrued hereunder are
due and payable in full, whereupon the outstanding Principal Amount of this Note and all unpaid interest accrued hereunder shall immediately be due and payable in full; provided, however, that upon the occurrence of an Event of Default
comprised of any of the events described in sub-paragraph (a) or (b) of this Section 11, the outstanding Principal Amount of this Note and all unpaid interest accrued hereunder
shall, automatically and without the requirement of any declaration or other action by the Holders, immediately be due and payable in full. 

12.    Assignment. The provisions of this Note shall be binding upon and inure to the benefit of the parties hereto and
their respective successors and assigns permitted hereby. This Note may be assigned or transferred by each Holder to any Person, except that each of the Obligors may not assign or otherwise transfer any of its rights or obligations hereunder without
the prior written consent of the Principal Holder. Any assignment or transfer of this Note by a Holder will not be effective until such assignment or transfer is recorded in the Register. 

13.    The Register. The Principal Holder shall maintain a register for the recordation of the names and addresses of the Holders,
and principal amounts (and stated interest) of the Note owing to each Holder pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive absent manifest error, and the Issuer and
the Holders shall treat each person whose name is recorded in the Register pursuant to the terms hereof as a Holder hereunder for all purposes of this Note. The Register shall be available for inspection by the Issuer and any Holder, at any
reasonable time and from time to time upon reasonable prior notice. 

  
 11 

 14.    Setoff. If an Event of Default shall have occurred and be continuing, each
of the Holders and their respective Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to setoff and apply any and all deposits (general or special, time or demand, provisional or final) at any
time held, and other obligations at any time owing, by each such Holder or any such Affiliate, to or for the credit or the account of the Issuer against any and all of the obligations of the Issuer now or hereafter existing under this Note to each
such Holder or their respective Affiliates, irrespective of whether or not such Holder or Affiliate shall have made any demand under this Note and although such obligations of the Issuer may be contingent or unmatured or are owed to a branch office
or Affiliate of such Holder different from the branch office or Affiliate holding such deposit or obligated on such indebtedness. The rights of each of the Holders and their respective Affiliates under this Section 13 are
in addition to other rights and remedies (including other rights of setoff) that each such Holder or Affiliate may have. 

15.    Severability. Whenever possible, each provision of this Note shall be interpreted in such manner as to be effective and
valid under all applicable laws and regulations. If, however, any provision of this Note shall be prohibited by or invalid under any such applicable law or regulation in any jurisdiction, it shall, as to such jurisdiction, be deemed modified to
conform to the minimum requirements of such law or regulation or, if for any reason it is not deemed so modified, it shall be ineffective and invalid only to the extent of such prohibition or invalidity without affecting the remaining provisions of
this Note, or the validity or effectiveness of such provision in any other jurisdiction. 
 16.    Waivers; Acknowledgments;
Reservation of Rights and Remedies under Applicable Law. The Issuer expressly waives presentment for payment, notice of dishonor, protest, notice of protest, diligence in collection and any and all other notices and demands in connection with
the delivery, acceptance, performance, default or enforcement of this Note. The Issuer acknowledges and agrees as follows: 

(a)    All rights and remedies available to the Holders under applicable Law in respect of any default by the Issuer in the
performance of its obligations under this Note or otherwise in respect of enforcement of this Note are reserved by the Holders. 

(b)    Without limitation, the rights reserved hereunder include all rights of the Holders to receive, before the holders
of shares or other interests in the equity of the Issuer, for application toward satisfaction in part or in whole of the Issuer’s obligations under this Note, assets, or the value thereof, of the Issuer upon the dissolution or bankruptcy of the
Issuer or otherwise as may exist or arise under applicable Law, including without limitation the law of the jurisdiction of the Issuer’s organization or conduct of business and any federal, national, state, regional, provincial or other
governmental division bankruptcy, insolvency, receivership, reorganization or similar law now or hereafter in effect. Without limiting the effect of the preceding sentence, it is the intention of the Issuer and the Holders that the Holders shall
have the right to receive indefeasible payment in full of all obligations of the Issuer under or arising from this Note before the holders of shares or other equity interests of the Issuer are entitled to receive any assets, or the value thereof, of
the Issuer upon the dissolution or bankruptcy of the Issuer. 
 (c)    No forbearance, failure or delay by the Holder in
the exercise of any right or remedy under this Note or under applicable Law shall operate as a waiver thereof, and no single or partial exercise by the Holder of any such right or remedy shall preclude any other or further exercise thereof or the
exercise of any other right or remedy. The rights and remedies provided in this Note are cumulative and not exclusive of any rights or remedies provided by Law. 

17.    Amendments. Neither this Note nor any provision hereof may be waived, amended or modified except pursuant to an agreement or
agreements in writing entered into by the Issuer, the Required Holders and the Principal Holder; provided that no such agreement shall (i) result in any commitment on the part of any Holder to issue any additional notes or otherwise
commit such Holder to lend without the written consent of each Holder affected thereby, (ii) other than any reduction of the Principal Amount pursuant to the terms of Article 8 of the Purchase Agreement, reduce the Principal Amount of this Note
or reduce the rate of interest thereon, or reduce any fees payable hereunder, without the written consent of each Holder affected thereby, (iii) postpone the scheduled date of payment of the Principal Amount of this Note, or any interest
thereon, or any fees payable hereunder, or reduce the amount of, waive or excuse any such payment, or postpone the scheduled maturity date hereunder, without the written consent of each Holder affected thereby, (iv) alter pro rata sharing of
payments required hereby to each Holder, without the written consent of each Holder, (v) change the payment waterfall provisions of Section 6(b) without the written consent of each Holder, or (vi) change any of
the provisions of this Section 16 or the definition of “Required Holders” or any 

  
 12 

 
other provision hereof specifying the number or percentage of Holders required to waive, amend or modify any rights hereunder or make any determination or grant any consent hereunder, without the
written consent of each Holder. Any such amendment, waiver or consent shall be effective only in the specific instance and for the specific purpose for which given. Any amendment necessary to change the terms of this Note or any provision hereof to
effectuate the changes contemplated herein in connection with a Qualifying Spin-off Transaction (including changing the definition of “Interest Rate”) shall require only the consent of the Principal
Holder and the Issuer. 
 18.    PATRIOT Act. The Holders hereby notify the Issuer that pursuant to the requirements of the
PATRIOT Act and the Beneficial Ownership Regulation, it is required to obtain, verify, and record information that identifies the Issuer, which information includes the name and address of the Issuer and other information that will allow the Holders
to identify the Issuer in accordance with the PATRIOT Act and the Beneficial Ownership Regulation, and the Issuer agrees to provide such information from time to time to the Holders at such time. 

19.    Expenses; Limitation of Liability; Indemnity. The Issuer shall reimburse the Holders for all reasonable and documented out-of-pocket costs, expenses, and fees, including the reasonable fees and expenses of one counsel, incurred by the Holders from time to time in connection with (a) the
administration of this Note or the Guaranty and (b) the enforcement or protection of such Holders’ rights hereunder or under the Guaranty, including all such reasonable and documented out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of this Note or the Guaranty. To the extent permitted by applicable law none of the Obligors shall assert, and each
Obligor hereby waives, any liabilities against any other party hereto, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result
of, this Note or the Guaranty; provided that, nothing in this Section 18 shall relieve each Obligor of any obligation it may have to indemnify an Indemnitee, as provided in this Section 18,
against any special, indirect, consequential or punitive damages asserted against such Indemnitee by a third party. The Obligors shall indemnify the Holders and their Affiliates (each, an “Indemnitee”) against, and hold each
Indemnitee harmless from, any and all liabilities and related expenses, including the fees, charges and disbursements of any counsel for any Indemnitee, incurred by or asserted against any Indemnitee arising out of, in connection with, or as a
result of (i) the performance by the parties hereto and to the Guaranty of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby, (ii) any action taken in connection with this
Agreement or the Guaranty, including, but not limited to, the payment of principal, interest and fees, and (iii) any actual or prospective proceeding relating to any of the foregoing; provided that such indemnity shall not, as to any
Indemnitee, be available to the extent that such Liabilities or related expenses are determined by a court of competent jurisdiction by final and non-appealable judgment to have resulted primarily from the
gross negligence or willful misconduct of such Indemnitee. 
 20.    Governing Law. All matters arising out of or relating
to this Note and all of the transactions it contemplates, including its validity, interpretation, construction, performance and enforcement and any disputes or controversies arising therefrom or related thereto, shall be governed by the internal
Laws of the State of New York (including section 5-1401 of the New York General Obligations Law), without giving effect to any other choice or conflict of Law provision or rule (whether of the State of New
York or any other jurisdiction) that would cause the application of Laws of any other jurisdiction. 
 21.    Jurisdiction and
Service of Process. 
 (a)    Each of the parties (i) hereby irrevocably and unconditionally submits, for itself
and its property, to the exclusive jurisdiction of the United States District Court for the Southern District of New York or, solely in the event that such United States District Court does not have or will not exercise jurisdiction over such
matter, any New York state court sitting in New York, New York, United States of America and, in any case, any appellate court thereof for the purpose of a Proceeding between the parties arising in whole or in part under or in connection with this
Note, (ii) subject to sub-paragraph (i), hereby waives to the extent not prohibited by applicable Law, and agrees not to assert, by way of motion, as a defense or otherwise, in any such Proceeding, any
claim that it is not subject personally to the jurisdiction of the above-named courts, that its property is exempt or immune from attachment or execution, that any such Proceeding brought in one of the above-named courts should be dismissed on
grounds of forum non conveniens, should be transferred or removed to any court other than one of the above-named courts, or should be stayed by reason of the pendency of some other Proceeding in any other court other than one of the
above-named courts, or that this Note or the subject matter hereof may not be enforced in or by such court and (iii) subject to sub-paragraph (i), hereby agrees not to commence any such Proceeding other
than before one of the above-named courts. 

  
 13 

 (b)     Each of the parties hereby (i) consents to service of
process in any Proceeding between or among the parties arising in whole or in part under or in connection with this Note in any manner permitted by New York Laws, (ii) agrees that service of process made in accordance with
Section 11.12(b) of the Purchase Agreement or made by registered or certified mail, return receipt requested, at its address specified pursuant to Section 22 hereof or
Section 11.2 of the Purchase Agreement, will constitute good and valid service of process in any such Proceeding and (iii) waives and agrees not to assert (by way of motion, as a defense, or otherwise) in any such
Proceeding any claim that service of process made in accordance with Section 11.12(b) of the Purchase Agreement does not constitute good and valid service of process. 

22.    Waiver of Jury Trial. 
 EACH
OF THE PARTIES KNOWINGLY, VOLUNTARILY AND IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, CLAIM, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR
RELATING TO THIS NOTE OR THE TRANSACTIONS CONTEMPLATED BY THIS NOTE OR THE ACTIONS OF ANY PARTY TO THIS NOTE IN NEGOTIATION, ADMINISTRATION, PERFORMANCE OR ENFORCEMENT OF THIS NOTE. 

23.    Notices. All notices and other communications under this Agreement must be in writing and are deemed duly delivered when
using one of the delivery methods set forth at Section 11.2 of the Purchase Agreement; provided that notices required to be sent to the Holders hereunder must be sent to each such Holder individually (and shall not
be deemed delivered hereunder if sent to the Seller Representative or the Principal Holder only). Each Holder as of the date hereof shall have provided on or before the date hereof, and any assignee of an interest in this Note from a Holder shall
have provided on or before the date of such assignment, to the Issuer its designated address or e-mail address and the details of the individual to whose attention any notice should be marked and each Holder
may change such designated address, email or individual details from time to time by notice to the Issuer in compliance with this Section 22. 

24.    Cancellation. Immediately after all principal, accrued interest, any premium and any other amounts payable hereunder at any
time owed on this Note have been paid in full (including by way of reduction of the Principal Amount pursuant to the terms of Article 8 of the Purchase Agreement), this Note shall be automatically canceled and the Holders shall immediately surrender
this Note to the Issuer for cancellation. 
 25.    Replacement. Upon receipt of evidence reasonably satisfactory to the Issuer
of the loss, theft, destruction or mutilation of this Note and, in the case of any such loss, theft or destruction of this Note, upon receipt of an indemnity reasonably satisfactory to the Issuer or, in the case of any such mutilation, upon the
surrender and cancellation of this Note, the Issuer, at its expense, shall execute and deliver, in lieu thereof, a new Note of like tenor and dated the date of such lost, stolen, destroyed or mutilated Note. Any Note in lieu of which any such new
Note has been so executed and delivered by the Issuer shall not be deemed to be an outstanding Note and shall be deemed cancelled. 

26.    Electronic Execution. Any signature to this Note may be delivered by electronic mail (including pdf) or any electronic
signature complying with any applicable law, including the U.S. federal ESIGN Act of 2000 or the New York Electronic Signature and Records Act or other transmission method and any electronic signature so delivered shall be deemed to have been duly
and validly delivered and be valid and effective for all purposes to the fullest extent permitted by applicable law. For the avoidance of doubt, the foregoing also applies to any amendment, extension or renewal of this Note. The Issuer hereto
represents and warrants to the Holders that it has the corporate capacity and authority to execute this Note through electronic means. 

[Remainder of page intentionally left blank; signature page follows] 

  
 14 

 IN WITNESS WHEREOF, the Issuer has executed this Note effective as of the date first set forth above. 

 

			
	Issuer
	
	TiVo Product Holdco LLC
		
	By:	 	 /s/ Paul E. Davis

		
	Name:	 	Paul E. Davis
	Title:	 	President and Secretary

  
 [Tivo Product
Promissory Note – Signature Page] 

 Holders 
  

			
	North Haven Credit Partners II, L.P.
	
	By: MS Credit Partners II GP, L.P., its general partner
	
	By: MS Credit Partners II GP, Inc., its general partner
		
	By:	 	 /s/ Ashwin Krishnan

		
	Name:	 	Ashwin Krishnan
	Title:	 	Managing Director

  

			
	Starved Fixed Income Plus Fund Ltd.
		
	By:	 	 /s/ Fergus Healy

		
	Name:	 	Fergus Healy
	Title:	 	Authorized Signatory

  

			
	Private Opportunity Fund Ltd.
		
	By:	 	 /s/ Fergus Healy

		
	Name:	 	Fergus Healy
	Title:	 	Authorized Signatory

  
 [Tivo Product
Promissory Note – Signature Page] 

			
	Holders
	
	Diversified Yielding Fund SPC (TFO Corporate Finance V Segregated Portfolio).
		
	By:	 	 /s/ Adel Al Mangour

		
	Name:	 	Adel Al Mangour
	Title:	 	Director
	
	Diversified Yielding Fund SPC (TFO Corporate Finance VI Segregated Portfolio).
		
	By:	 	 /s/ Adel Al Mangour

		
	Name:	 	Adel Al Mangour
	Title:	 	Director

  

			
	Diversified Yielding Fund SPC (TFO Corporate Finance VII Segregated Portfolio).
		
	By:	 	 /s/ Adel Al Mangour

		
	Name:	 	Adel Al Mangour
	Title:	 	Director

  

			
	Diversified Yielding Fund SPC (TFO Corporate Finance VIII Segregated Portfolio).
		
	By:	 	 /s/ Adel Al Mangour

		
	Name:	 	Adel Al Mangour
	Title:	 	Director

  
 [Tivo Product
Promissory Note – Signature Page] 

 Annex A 

Holders and Holder Percentages 
  

											
	Holder	 		  	Principal Amount held by Holder	  		  	Holder Percentage	 	

 The allocation of the principal amount of this Note held by each Holder shall be determined by the Principal Holder on the
Allocation Date in accordance with the following priorities: 
 first, to the Preferred Holders, a principal amount of the Note in the amount equal
to the Shortfall Amount shall be allocated pro rata in accordance with their holding of the Preference Shares immediately prior to the Closing Date; and, 

second, to the Ordinary Holders, the remaining principal amount of this Note shall be allocated pro rata in accordance with their holding of the
Ordinary Shares immediately prior to the Closing Date. 
 The Principal Holder shall deliver a notice on the Allocation Date to the Issuer and each other
Holder, which notice shall be final, enforceable and binding on all parties absent manifest error, as to the allocation of the principal amount of the Notes in accordance with this Annex A. The allocation of the principal amount of the Notes shall
occur automatically on the Allocation Date without further action by any party. For the avoidance of doubt, any interest that is accrued and unpaid as of the First Interest Payment Date shall be paid ratably to each holder of the Notes in accordance
with the holdings of the principal amount of this Note as set forth in this Annex A.

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