Document:

EX-10.1

 Exhibit 10.1 

EXECUTION COPY 
 ASSET PURCHASE
AGREEMENT (this “Agreement”) dated as of April 28, 2016, between Microsemi Storage Solutions, Inc. (formerly known as PMC – Sierra, Inc.), a Delaware corporation (“Seller”) and MaxLinear, Inc., a Delaware
corporation (“Parent”). 
 WHEREAS, Seller and the Seller Affiliates operate the Business; and 

WHEREAS, Seller desires to sell (and to cause the Seller Affiliates to sell), and Parent desires to cause the Purchasers to acquire,
certain assets of the Business and in connection therewith, Parent will cause the Purchasers to assume certain of the liabilities of the Business on the terms and subject to the conditions set forth in this Agreement. 

NOW, THEREFORE, in consideration of the foregoing premises and the mutual covenants and agreements contained herein, the parties hereby
agree as follows: 
 SECTION 1. DEFINITIONS 

1.1 “Affiliate” means, with respect to any Person, any other Person who directly or indirectly, through one or more
intermediaries, controls, is controlled by, or is under common control with, such Person, where for such purpose the term “control” means the possession, directly or indirectly, of the power to direct or cause the direction of the
management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise, and the terms “controlled” and “controlling” have meanings correlative thereto. 

1.2 “Applicable Law” means, with respect to any Person, property, transaction, event or other matter, any foreign or domestic
constitution, treaty, law, statute, regulation, code, ordinance, principle of common law, rule, municipal by-law or Order of any Governmental Authority (collectively, the “Law”) applicable to such Person, property, transaction,
event or other matter. 
 1.3 “Benefit Plans” means all employee benefit plans, agreements and arrangements (whether oral
or written, formal or informal, funded or unfunded) maintained for, available to or otherwise relating to any Employees or former Employees of Seller (whose employment with Seller primarily relates to or, as to former Employees, related to the
Business) or in respect of which it is obligated to contribute or in any way liable, whether or not insured and whether or not subject to any Applicable Law, including bonus, deferred compensation, incentive compensation, share purchase, share
appreciation, share option, hospitalization, health and other medical benefits, life and other insurance, dental, vision, legal, long-term and short-term disability, salary continuation, supplemental unemployment benefits, education assistance,
profit-sharing, mortgage assistance, employee loan, employee assistance and pension, retirement and supplemental retirement plans, programs and agreements (including any defined benefit or defined contribution pension plan and any group registered
retirement savings plan). 
 1.4 “Bill of Sale (Canada)” means the bill of sale, assignment and assumption agreement by and
among Seller and the applicable Purchaser dated as of the date hereof. 
 1.5 “Bill of Sale (Singapore)” means the bill of
sale, assignment and assumption by and among Seller and the applicable Purchaser dated as of the date hereof. 

 1.6 “Business” means the research, development, design, manufacture and/or sale
of the Products. 
 1.7 “Canadian Seller” means Microsemi Storage Solutions Ltd. 

1.8 “Code” means the Internal Revenue Code of 1986, as amended. 

1.9 “Confidentiality Agreement” means the confidentiality letter agreement between Parent and Seller, dated September 8,
2015. 
 1.10 “Domain Names” means Internet domain names. 

1.11 “Employees” means all employees of Seller and/or its Affiliate primarily employed in the Business including those
employees otherwise employed by Seller and/or its Affiliate primarily in the Business but on vacation, short term disability, long term disability, workers’ compensation-related leave, pregnancy, parental, lay-off with rights to recall or other
leave. 
 1.12 “FIRPTA Certificate” means the Foreign Investment in Property Tax Act certificate stating that Seller is not
a “foreign person” for purposes of Section 1445 of the Code, pursuant to Treas. Reg. 1.1445-2(b). 
 1.13 “Governmental
Entity” means any Federal, state or local government or any court of competent jurisdiction, administrative agency or commission or other governmental authority. 

1.14 “Knowledge of Seller” means the actual knowledge of Bernard Guay, David Goren and Gale San Diego. 

1.15 “Liabilities” means all liabilities, obligations or commitments. 

1.16 “License Agreement” means that certain License Agreement by and between Seller and Parent dated as of the date hereof.

 1.17 “Malaysian Seller” means Microsemi Storage Solutions Malaysia Sdn. Bhd. 

1.18 “Other Transaction Documents” means the Transition Services Agreement, License Agreement, the Bill of Sale (Canada),
Bill of Sale (Singapore) and the Patent and Trademark Assignments. 
 1.19 “Patent and Trademark Assignments” means the
patent and trademark assignments with respect to the Transferred Patents and Transferred Trademarks by and between Seller and the applicable Purchaser dated as of the date hereof. 

1.20 “Person” means an individual, partnership, corporation, limited liability company, joint stock company, unincorporated
organization or association, trust, joint venture, association or other similar entity, whether or not a legal entity, or any Governmental Entity. 

  
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 1.21 “Personal Information” means information about an identifiable individual
that is subject to Privacy Law. 
 1.22 “Privacy Law” means Applicable Law relating to privacy and the collection, use and
disclosure of Personal Information including the Personal Information Protection and Electronic Documents Act (Canada) or any comparable Law of any province or territory of Canada. 

1.23 “Products” means the products of the Business set forth on Section 1.23 of the Seller Disclosure Schedule. 

1.24 “Purchasers” means, collectively, each of the following wholly-owned, indirect subsidiaries of Parent: MaxLinear Asia
Singapore Private Limited and MaxLinear Canada Corporation (“MaxLinear Canada”). 
 1.25 “Rehired Employees
Severance Obligations” means the severance rights of the Rehired Employees arising from such Rehired Employees’ employment with Seller or its applicable Affiliate prior to the Closing Date, solely to the extent such severance right is
expressly set forth in the employment agreements and/or offer letters between such Rehired Employees and MaxLinear Canada. 
 1.26
“Seller Affiliates” means Canadian Seller and Malaysian Seller, each of which is a wholly-owned subsidiary of Seller, and any other wholly-owned subsidiaries of Seller, to the extent such subsidiaries own any Transferred Assets.

 1.27 “Tax” means (i) all federal, state, county, local, foreign and other taxes, charges, duties, fees, levies or other
assessments, including income, excise, property, sales or use, value added, profits, withholding (with respect to compensation or otherwise), payroll, employment, net worth, capital gains, transfer, stamp, social security, occupation and franchise
taxes, imposed by any Governmental Entity, and including any interest, penalties and additions attributable thereto and (ii) any liability for the payment of any amounts of the type described in clause (i) as a result of any express or implied
obligation to indemnify any other Person or as a result of any obligations under any agreements or arrangements with any other Person with respect to such amounts and including any liability for Taxes of a predecessor or transferor or otherwise by
operation of laws. 
 1.28 “Tax Return” means any return, report, declaration, information return, statement or other
document filed or required to be filed with any Governmental Entity in connection with the determination, assessment or collection of any Tax or the administration of any laws relating to any Tax. 

1.29 “Transition Services Agreement” means that certain Transition Services Agreement by and between Seller and Parent dated
as of the date hereof. 
 SECTION 2. SALE OF ASSETS AND ASSUMPTION OF LIABILITIES 

2.1 Purchase. Upon the terms and subject to the conditions of this Agreement, effective as of Closing, Seller hereby sells,
conveys, assigns, transfers and delivers, or causes the applicable Seller Affiliate to sell, convey, assign, transfer and deliver, to the applicable 

  
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Purchaser (as designated by Parent in accordance with the Bill of Sale (Singapore) and Bill of Sale (Canada), as applicable), free and clear from all Encumbrances (as defined below) (other than
the Credit Agreement Encumbrances (as defined below), which Encumbrances will be released and terminated substantially simultaneously with Closing) and the Parent causes applicable Purchaser (as designated by Parent in accordance with the Bill of
Sale (Singapore) and Bill of Sale (Canada), as applicable)to purchase, acquire, and accept from Seller or the applicable Seller Affiliate, as applicable, all of Seller’s and/or the applicable Seller Affiliate’s right, title and interest in
and to the following assets (collectively referred to as the “Transferred Assets”), other than the Excluded Assets (as defined in Section 2.2 hereof): 

(a) Products. The Products; 

(b) Transferred Contracts. Subject to Section 7.1, the contracts, purchase and sales orders and commitments, and other
agreements as set forth on Section 2.1(b) of the Seller Disclosure Schedule (the “Transferred Contracts”); 
 (c)
Transferred Inventory and Transferred Equipment. All raw materials, work-in-process, supplies, packaging materials, labels and finished goods owned by Seller and/or any Seller Affiliate on the Closing Date that are used or held for use
exclusively in the operation or conduct of the Business (collectively, the “Transferred Inventory”), and all other tangible personal property and interests therein, including all machinery, equipment and molds, owned, leased or used
by Seller and/or any Seller Affiliate and used or held for use exclusively in the operation or conduct of the Business (collectively, the “Transferred Equipment”), in each case, as set forth on Section 2.1(c) of the Seller
Disclosure Schedule; 
 (d) Intellectual Property. (i) The Patents listed on Section 2.1(d) of the Seller Disclosure Schedule
(the “Transferred Patents”), (ii) the Trademarks listed on Section 2.1(d) of the Seller Disclosure Schedule (the “Transferred Trademarks”), (iii) other Intellectual Property set forth on Section 2.1(d) of the Seller
Disclosure Schedule, and (iv) all other Intellectual Property (other than Patents or Trademarks) owned by Seller or any of its Seller Affiliates that is exclusively incorporated in, exclusively used in, exclusively necessary for, or exclusively
related to, the Business ((i)-(iv), collectively, the “Business Intellectual Property”); 
 (e) Records.
Originals or copies of Seller’s and/or the applicable Seller Affiliate’s records relating exclusively to the Transferred Assets, including sales data, customer lists, information relating to customers, supplier lists, mailing lists,
brochures and advertising materials; 
 (f) Personnel Records. Originals or copies of Seller’s and/or its applicable
Affiliate’s records relating exclusively to the Rehired Employees (the “Personnel Records”), subject to any applicable privacy laws or similar statutes, rules or regulations that may prevent the transfer of such personnel
records; 
 (g) Claims. Other than as specifically set forth in Section 2.2(b) below, all claims, warranties, causes of
action, choses in action, rights of recovery or refund, rights of set-off, and demands of Seller and/or any Seller Affiliate to the extent associated with the Business, and all benefits arising therefrom, including all insurance and indemnity
claims, and (to the extent assignable) all insurance and indemnity policies of Seller and/or any Seller Affiliate to the extent associated with the Business; and 

  
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 (h) Goodwill. All goodwill to the extent associated with the Business. 

To the extent that it is determined that there are any registrations, consents, franchises, authorities, permits, licenses, approvals, certificates and other
authorizations of any Governmental Entity that are used or held for use exclusively in the Business (“Permits”), then, promptly following the determination thereof, Seller or the applicable Seller Affiliate that holds such Permit
shall use its commercially reasonable efforts to transfer such Permit to the applicable Purchaser as designated by Parent, to the extent transferable. 
 To
the extent any Seller Affiliate owns any Transferred Asset, Seller shall cause such Seller Affiliate to comply with Section 2.1 with respect to any such Transferred Asset as if such Seller Affiliate was a party to this Agreement and to the extent
that any Affiliate of Seller (that does not constitute a wholly-owned subsidiary of Seller) owns any Transferred Asset, Seller shall cause such Affiliate of Seller to comply with Section 2.1 with respect to any such Transferred Asset as if such
Affiliate was a party to this Agreement (and such Affiliate shall constitute a “Seller Affiliate” for all purposes of this Agreement that explicitly reference “Seller Affiliates” or “Seller Affiliate”, including the
representations and warranties in Section 5 that explicitly reference “Seller Affiliates” or “Seller Affiliate”). 
 2.2
Excluded Assets. Notwithstanding anything to the contrary in Section 2.1, the assets that do not constitute Transferred Assets shall be retained by Seller (the “Excluded Assets”), and without limiting the forgoing, the
Excluded Assets shall include the following: 
 (a) Refund Claims. Rights to or claims for losses, loss carryforwards,
refunds of taxes and other governmental charges for periods ending on or prior to the Closing Date (as defined in Section 4 hereof) and the benefit of any tax credits of Seller; 

(b) Certain Third Party Claims. Rights of indemnification, contribution, reimbursement or other claims of Seller against
third parties (including, without limitation, insurance carriers and parties to any of the Transferred Contracts), in each case, solely in respect of liabilities or obligations retained by Seller; 

(c) Nontransferable Permits; Corporate Assets. The nontransferable permits and assets relating to Seller’s corporate
functions (including, but not limited to, the corporate charter, taxpayer and other identification numbers, income tax records, seals, minute books and stock transfer books), provided that such items shall not include the Assigned Permits and the
Personnel Records; 
 (d) Cash and Cash Equivalents. Cash and cash equivalents (including demand or time deposit
accounts, certificates of deposit and U.S. government obligations); 
 (e) Transaction Documents. All rights of Seller
under this Agreement and the other agreements and instruments executed and delivered in connection with this Agreement; 
 (f)
Intellectual Property. The Intellectual Property of Seller, other than the Business Intellectual Property; 

  
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 (g) Accounts Receivable. The accounts receivable to the extent related to the
Business; and 
 (h) Benefit Plans. The Benefit Plans. 

2.3 Assumption of Liabilities. 

(a) Assumed Liabilities. Upon the terms and subject to the conditions of this Agreement, as of the Closing Date, Parent
hereby causes the applicable Purchaser (as designated by Parent in accordance with the Bill of Sale (Singapore) and Bill of Sale (Canada), as applicable) to assume the Assumed Liabilities and agree to pay, perform and discharge the Assumed
Liabilities as and when such Assumed Liabilities become due. For purposes of this Agreement, “Assumed Liabilities” means any and all (i) Liabilities arising from the Parent’s and Parent’s Affiliates’ conduct and
operation of the Business (including the Transferred Assets) on and following the Closing Date, including any such environmental Liabilities (including those Liabilities arising from non-compliance with Environmental Laws) and any such employment
Liabilities, including any such Liabilities arising from Parent’s and/or its Affiliate’s failure to pay any compensation or benefits to Rehired Employees arising from their employment with Parent or an Affiliate thereof following the
Closing; (ii) warranty and customer service Liabilities of Seller and Seller Affiliates to the extent arising out of the sale of Products in the ordinary course of business prior to the Closing; and (iii) Rehired Employees Severance Obligations,
reimbursement of severance payments as provided in the last two sentences of Section 7.5(a) and Accrued Vacation. Parent agrees to make payments, or cause the relevant Purchaser to make payments, to the Rehired Employees with respect to the Accrued
Vacation arising from the 2008 calendar year period to the applicable Rehired Employees within 90 days of the Closing. 
 (b) Excluded
Liabilities. Seller acknowledges that neither Parent nor any Purchaser is purchasing, assuming or becoming responsible for any direct or indirect, Liabilities, arising prior to, on or after the Closing Date of Seller or any of its
Affiliates, other than the Assumed Liabilities and without limiting the foregoing, Seller (or its applicable Affiliate) is expressly retaining the Excluded Liabilities (as defined hereafter) and Seller agrees (or will cause its applicable Affiliate)
to pay, perform and discharge the Excluded Liabilities as and when such Excluded Liabilities become due. “Excluded Liabilities” means any and all (i) Liabilities arising from Seller’s and its Affiliates’ conduct and
operation of the Business (including the Transferred Assets) prior to the Closing Date, including any such outstanding accounts payable of the Business as of the date prior to the Closing Date, environmental Liabilities (including those Liabilities
arising from non-compliance with Environmental Laws) and any such employment Liabilities (in each case, other than the Assumed Liabilities expressly set forth above in Section 2.3(a) and the possible reimbursement of certain severance payments as
expressly contemplated in the last two sentences of Section 7.5(a)); (ii) Liabilities related to Taxes arising from the development, use or attainment of the Transferred Assets or operation of the Business attributable to periods (or portions
thereof) ending on or prior to the Closing Date and Seller’s share of Transfer Taxes and Periodic Taxes pursuant to Sections 9.1 and 9.2; and (iii) any Liabilities to the extent relating to the Excluded Assets. 

For the purposes of clarity, the assumption by the Purchasers of the Assumed Liabilities shall not prohibit the Purchasers or Parent from
contesting with any third party the amount, validity or enforceability of any of the Assumed Liabilities. 

  
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 SECTION 3. PURCHASE PRICE 

As payment for the Transferred Assets, Parent shall, and/or shall cause one or more Purchaser(s) to, pay to Seller, Malaysian Seller and
Canadian Seller $21,000,000 in the aggregate (the “Purchase Price”) on the Closing Date (but no later than 10 a.m. pacific time on the Closing Date) by wire transfer of immediately available funds to the accounts designated in
writing by Seller to Parent at least two (2) business days prior to the Closing Date. The Purchase Price shall be payable to Seller, Malaysian Seller and Canadian Seller as follows: (a) $2,594,851 to Seller, (b) $16,853,771 to Malaysian Seller,
and (c) $1,551,378 to Canadian Seller. The Purchase Price shall be payable in U.S. dollars. 
 SECTION 4. CLOSING 

The closing of the transactions contemplated by this Agreement (the “Closing”) shall take place remotely via the exchange or
facsimile or scanned final instruments and executed signature pages at 10:00 a.m. Pacific time on the date hereof, or at such other time or date as agreed to in writing by the parties hereto. The date of the Closing shall be referred to as the
“Closing Date”. The Closing shall be deemed to take place and be effective as of 12:01 a.m. pacific time on the Closing Date. 
 SECTION
5. REPRESENTATIONS AND WARRANTIES OF SELLER 
 Except as set forth on the Seller Disclosure Schedule delivered to Parent concurrent with
the execution and delivery of this Agreement (it being understood that any information set forth in one section or subsection of the Seller Disclosure Schedule shall be deemed to apply to and qualify the Section or subsection of this Agreement to
which it correspondences and each other Section or subsection of this Agreement to the extent that it is reasonably apparent that such information is relevant to such other Section or subsection ) (the “Seller Disclosure Schedule”),
Seller hereby represents and warrants to Parent as of the date hereof as follows: 
 5.1 Organization, Standing and Authority.
Seller is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware. Seller has all necessary corporate power and corporate authority to enter into this Agreement and all Other Transaction Documents
to which it is a party, and to perform its obligations hereunder and thereunder. When executed and delivered by Seller, this Agreement, and all Other Transaction Documents to which it is a party, will constitute the legal, valid and binding
obligation of Seller, enforceable against Seller in accordance with their respective terms, except as may be limited by bankruptcy, insolvency, reorganization, moratorium, arrangement or other similar laws or equitable principles relating to or
limiting creditor’s rights generally (the “Bankruptcy and Equity Exception”). Each Seller Affiliate is a company duly organized, validly existing and in good standing under the laws of its country or state of
formation. Each Seller Affiliate has all necessary corporate power and corporate authority to enter into all Other Transaction Documents to which it is a party, and to perform its obligations thereunder. When executed and delivered by each
Seller Affiliate of any Other Transaction Documents to which it is a party, it will constitute the legal, valid and binding obligation of such Seller Affiliate, enforceable against such Seller Affiliate in accordance with their respective terms,
except as may be limited by the Bankruptcy and Equity Exception. 

  
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 5.2 Authorization. All requisite corporate action necessary to authorize the
execution, delivery and performance by Seller of this Agreement and all Other Transaction Documents to which it is a party have been taken. This Agreement and all Other Transaction Documents to which it is a party constitute the valid and
binding obligations of Seller, enforceable against Seller in accordance with their respective terms, except as may be limited by the Bankruptcy and Equity Exception. 

5.3 No Breach. The execution and delivery of this Agreement and all Other Transaction Documents to which it is a party by Seller
and/or any Seller Affiliate does not, and the consummation of the transactions contemplated hereby and thereby by Seller and/or any Seller Affiliate, will not (a) violate any provision of Seller’s Certificate of Incorporation or Bylaws or any
organizational documents of any Seller Affiliate, (b) result in a material breach (or any event which, with notice or lapse of time or both, would constitute a material breach) of any term or provision of, or constitute a material default under, any
Transferred Contract, (c) result in the creation of any material lien, charge or encumbrance on the Transferred Assets or (d) violate any statute or law or any judgment, decree, order, regulation or rule of any court or Governmental Entity to which
Seller and/or any Seller Affiliate is bound or affected. 
 5.4 Title to Transferred Assets. Seller and/or the Seller
Affiliates, as applicable, are the exclusive owner of all right, title and interest in and to the Transferred Assets (including, but not limited to, the Business Intellectual Property), free and clear of all mortgages, pledges, charges, liens,
claims and encumbrances of any kind (collectively, “Encumbrances”) other than Encumbrances granted in connection with that certain Credit Agreement, dated as of January 15, 2016, among Microsemi Corporation, the banks and other
financial institutions party thereto as lenders and Morgan Stanley Senior Funding, Inc., as administrative agent and collateral agent, which Encumbrances will be released and terminated substantially simultaneously with Closing (the “Credit
Agreement Encumbrances”). Seller and the Seller Affiliates have full right and power to transfer the Transferred Assets to the Purchasers pursuant to this Agreement free and clear of all Encumbrances (other than the Credit Agreement
Encumbrances which will be released and terminated substantially simultaneously with Closing), and at the Closing all Transferred Assets will be so transferred to the Purchasers. The execution and delivery of this Agreement and all other
Transaction Documents to which it is a party by Seller and/or any Seller Affiliate and the performance of this Agreement and any related or contemplated transactions by Seller and/or any Seller Affiliate will not require filing or registration with,
or the issuance of any license, permit or order by, or the consent of, any Governmental Entity. 

  
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 5.5 Compliance with Law. The Business is, and has been for the past two
(2) years, in compliance in all material respects with all applicable statutes, laws, rules and regulations. Neither Seller nor any Seller Affiliate has received any written communication during the past two (2) years from a Governmental Entity
that alleges that the Business is not in compliance in any material respect with any applicable statute, law, rule and regulation. This Section 5.5 does not relate to matters with respect to taxes, which are the subject of Section 5.7, or to
environmental matters, which are the subject of Section 5.8. 
 5.6 Permits. Except as set forth in Section 5.6 of the
Seller Disclosure Schedules, to the Knowledge of Seller, neither Seller nor any Seller Affiliate holds any Permits that are exclusively related to the Business, except as would not be material to the Business. 

5.7 Taxes. Seller and the Seller Affiliates have timely filed all Tax Returns of every kind (including returns of
real and personal property taxes, sales, use and excise taxes, intangible taxes, withholding taxes, and FICA and unemployment compensation taxes) relating to the Business that are required by law to have been filed and such Tax Returns were correct,
complete and prepared in accordance with applicable law. All Taxes shown to be due on such Tax Returns or otherwise required to have been paid with respect to the Business have been paid in full. Seller and the Seller Affiliates have
timely paid or withheld with respect to the Employees and other third parties (and timely paid over any withheld amounts to the appropriate Governmental Entity) all federal and state income Taxes, Federal Insurance Contribution Act, Federal
Unemployment Tax Act and other Taxes required to be withheld or paid with respect to the Business. There are no pending or, to the Knowledge of Seller and the Seller Affiliates, threatened actions, suits, audits, claims or investigations by any
Governmental Entity with respect to Taxes relating to the Business. No Governmental Entity has asserted in writing, or, to the Knowledge of Seller and the Seller Affiliates, threatened to assert, any deficiency or claim for additional Taxes or any
adjustment of Taxes relating to Seller and the Seller Affiliates with respect to the Business or the Transferred Assets. There are no Encumbrances on any of the Transferred Assets, and, to the Knowledge of Seller and the Seller Affiliates,
there is no basis for the assertion of any claim for any Liabilities for unpaid Taxes for which Parent or its Affiliates would become liable as a result of the transactions contemplated by this Agreement or that would result in any Encumbrance on
any of the Transferred Assets. No claim has ever been made by a Governmental Entity in a jurisdiction where Seller and the Seller Affiliates do not file Tax Returns that Seller or any Seller Affiliate is or may be subject to Tax by that
jurisdiction. Neither Seller nor any Seller Affiliate has executed any outstanding waiver or extension of any applicable statute of limitations on or extension of the period for the assessment or collection of any Tax or has any outstanding request
for any extension of time within which to file any Tax Return or within which to pay any amounts of Taxes shown to be due on any Tax Return, in each case with respect to the Business or the Transferred Assets. Seller is not a “foreign
person” within the meaning of Treasury Regulations Section 1.1445-2 and none of the Transferred Assets is a “United States Real Property Interest” within the meaning of Section 897 of the Code. 

5.8 Environmental Matters. Except as set forth in Section 5.8 of the Seller Disclosure Schedule, (a) during the past two
(2) years, neither Seller nor any Seller Affiliate has received any written communication from a Governmental Entity that alleges that the Business is not in compliance in any material respect with any Environmental Law (as defined below) (b) each
of Seller and the Seller Affiliates is, and has been for the past two (2) years been, in compliance in all material respects with all Environmental Laws, and holds, and is, and has been 

  
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for the past two (2) years, in compliance in all material respects with, all material permits required under Environmental Laws, (c) there is no pending or, to the Knowledge of Seller,
threatened, action, claim or proceeding under any Environmental Law against or involving the Business or the Transferred Assets, except as would not be material, and (iv) to the Knowledge of Seller, neither Seller nor any Seller Affiliate has any
material liabilities in respect of the Business in connection with any Release or threatened Release of any Hazardous Materials (as defined below). The representations and warranties made in this Section 5.8 are Seller’s exclusive
representations and warranties relating to environmental matters. The term “Environmental Laws” means any and all applicable statutes, laws, rules, regulations, and permits issued or promulgated by any Governmental Entity, relating
to the environment, preservation or reclamation of natural resources, or to the management, Release (as such term is defined below) or threatened Release of Hazardous Materials, including the Comprehensive Environmental Response, Compensation, and
Liability Act of 1980, as amended by the Superfund Amendments and Reauthorization Act of 1986, 42 U.S.C. §§ 9601 et seq., (“CERCLA”), the Federal Water Pollution Control Act, as amended by the Clean Water Act of 1977, 33
U.S.C. §§ 1251 et seq., the Clean Air Act of 1970, as amended, 42 U.S.C. §§ 7401 et seq., the Toxic Substances Control Act of 1976, 15 U.S.C. §§ 2601 et seq., the Emergency Planning and Community Right-to-Know Act of
1986, 42 U.S.C. §§ 11001 et seq., the Safe Drinking Water Act of 1974, as amended, 42 U.S.C. §§ 300 (f) et seq., the Hazardous Materials Transportation Act, 49 U.S.C. §§ 5101 et seq., and any similar or implementing
state or local law, and all amendments or regulations promulgated thereunder. The term “Hazardous Materials” means all hazardous or toxic substances, petroleum (including crude oil or any fraction thereof) or petroleum distillates,
and asbestos or asbestos containing materials, and all other materials or chemicals regulated pursuant to any Environmental Law, including materials listed in 49 C.F.R. § 172.101 and materials defined as hazardous pursuant to Section 101(14) of
CERCLA. The term “Release” means any spill, emission, leaking, pumping, pouring, emptying, escaping, dumping, injection, disposal, discharge, or leaching, of any Hazardous Materials in, into, onto, or through the environment
(including ambient air, surface water, ground water, soils, land surface, subsurface strata or workplace). 
 5.9 Intellectual
Property.  
 (a) Registered Business Intellectual Property Rights. Section 5.9(a) of the Seller
Disclosure Schedule lists (i) all Registered Business Intellectual Property Rights, in each case listing, as applicable, (1) the name of the applicant/registrant and current owner, (2) the jurisdiction where the application/registration is located
(or, for Domain Names, the applicable registrar), (3) the application or registration number, and (4) the filing date and issuance/registration/grant date; (ii) all third parties who share ownership rights to the Registered Business Intellectual
Property Rights with the Seller, including without limitation joint owners and co-applicants; and (iii) lists all actions that must be taken by the Seller within 120 days of the Closing to maintain the validity or enforceability of the
Registered Business Intellectual Property Rights. 
 (b) Ownership. Seller and/or the Seller Affiliates own the Business
Intellectual Property and accordingly, Seller and/or the Seller Affiliates possesses all rights necessary to use, sell, license, assign, transfer, convey, dispose of or otherwise commonly exploit the Business Intellectual Property. The Seller
does not know of any third party who claims to own or exclusively license any Business Intellectual Property. Neither Seller nor any Seller Affiliate has 

  
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been exclusively licensed any Intellectual Property that is used exclusively in the Business. To the Knowledge of Seller, (i) the Transferred Patents represent all Patents owned by Seller or its
Affiliates that are exclusively incorporated into, exclusively used in, exclusively necessary for, or exclusively related to, the Business or that would be infringed by operation of the Business and not used in the operation of any of Seller’s
or its Affiliates’ other businesses and (ii) the Transferred Trademarks represent all Trademarks owned by Seller or its Affiliates that are used in, necessary for, or related, in each case, exclusively to the Business. 

(c) Infringement by Seller. To the Knowledge of Seller, neither Seller’s nor any Seller Affiliate’s conduct of the
Business as previously conducted and as currently conducted infringes, misappropriates or violates the Intellectual Property of any party. 

(d) Validity and Enforceability. To the Knowledge of Seller, the Intellectual Property Rights in the Business Intellectual
Property that are the subject of any issued registration are valid and enforceable. Seller does not know of any facts or circumstances that could impair the validity or enforceability of any Intellectual Property Right in the Business
Intellectual Property. 
 (e) Restrictions. Each of Seller and the applicable Seller Affiliate may exercise, transfer, or
license the Business Intellectual Property without restriction or payment to a third party. 
 (f) Obligations. Neither
Seller nor any Seller Affiliate is obligated to transfer or license any Business Intellectual Property to a third party. 
 (g)
Confidential Information. Each of Seller and the Seller Affiliates take all reasonable steps to maintain the secrecy of Trade Secrets that are part of the Business Intellectual Property. 

(h) Inbound Licenses and Consulting Agreements. Section 5.9(h) of the Seller Disclosure Schedule lists all Inbound Licenses
and all consulting agreements primarily related to the Business to which Seller and/or any Seller Affiliate is a party under which any third party, working alone or with others, created, developed or otherwise contributed work to the Business
Intellectual Property or Licensed Seller IP. Seller does not know of any material breach of any Inbound License or any of those consulting agreements. 

(i) Outbound Licenses. Section 5.9(i) of the Seller Disclosure Schedule lists all Outbound Licenses. Seller does not know
of any material breach of any Outbound License. 
 (j) Infringement of Business Intellectual Property. The Seller does not
know of the infringement, misappropriation or violation of Business Intellectual Property. 
 (k) Effect on Parent. The
assumption by the applicable Purchaser of the Transferred Contracts will not result in any of the following under any Transferred Contract to the extent that the following would not have occurred in the absence of this Agreement or the completion of
the transactions contemplated by this Agreement: (i) the applicable Purchaser granting to any third party any right to any Intellectual Property Rights owned by or licensed to the applicable Purchaser other than rights to Business Intellectual
Property already granted under the applicable Transferred Contract as of Closing; (ii) the applicable Purchaser becoming bound 

  
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by or made subject to any non-compete or other restriction on the operation or scope of its businesses; or (iii) the applicable Purchaser being obligated to pay any royalties or any other
amount to any third party in excess of those payable by the Seller and/or any Seller Affiliate prior to the Closing Date. 
 (l)
Government Funding. No government funding, facilities of a university, college, other medical or educational institution or research center was used in the development of any Business Intellectual Property. To the Knowledge of
Seller, no Employee or independent contractor of Seller or any Seller Affiliate who contributed to the creation or development of any Business Intellectual Property, was employed by or has performed services for the government, university, college,
or other medical or educational institution or research center during a period of time during which such Employee or independent contractor was also performing services for Seller or any Seller Affiliate. No government, university, college or
other medical or educational institution or research center has any rights in any Business Intellectual Property. 
 (m) The following
defined terms used in this Section and elsewhere in this Agreement mean the following: 
 (i) “Copyrights”
means copyrights and all other rights with respect to Works of Authorship and Mask Works and all registrations thereof and applications therefor (including moral and economic rights, however denominated). 

(ii) “Databases” means databases and other compilations and collections of data or information. 

(iii) “Inbound Licenses” means any contract, arrangement or understanding (whether written or oral) pursuant
to which a third party has granted or agreed to grant to Seller and/or any Seller Affiliate any right to use or otherwise practice or exploit Technology or Intellectual Property Rights (including any license, covenant, release, immunity,
authorization or other right), which right is as of the effective date of this Agreement or the Closing practiced in the Business (other than licenses of commercially available Software on standard terms), including any Contract pursuant to which
any third-party Technology or Intellectual Property Rights are incorporated into or embodied in any product of the Business. 

(iv) “Intellectual Property” means Intellectual Property Rights and Technology. 

(v) “Intellectual Property Rights” means any and all rights (anywhere in the world, whether statutory, common
law or otherwise) relating to, arising from, or associated with Technology, including (i) Patents; (ii) Copyrights; (iii) industrial design rights and registrations thereof and applications therefor; (iv) rights with respect to Trademarks, and all
registrations thereof and applications therefor; (v) rights with respect to Domain Names, including registrations thereof and applications therefor; (vi) rights with respect to Trade Secrets, including rights to limit the use or disclosure thereof
by any Person; (vii) rights with respect to Databases, including registrations thereof and applications therefor; (viii) publicity and privacy rights, including all rights with respect to use of a Person’s name, signature, likeness, image,
photograph, voice, identity, personality, and biographical and personal information and materials; and (ix) any rights equivalent or similar to any of the foregoing. 

  
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 (vi) “Licensed Seller IP” means the Intellectual Property
Licensed to Parent under the License Agreement. 
 (vii) “Mask Works” means mask works, layouts,
topographies and other design features with respect to integrated circuits. 
 (viii) “Outbound Licenses”
means any contract, arrangement or understanding (whether written or oral) pursuant to which Seller and/or any Seller Affiliate has granted or agreed to grant to any third party any right to use or otherwise practice or exploit, or has otherwise
granted or agreed to grant any license, covenant, release, immunity, authorization or other right with respect to, in each case which is in effect as of the effective date of this Agreement or the Closing, any of the Business Intellectual Property,
other than non-exclusive end user licenses granted in the ordinary course of business. 
 (ix) “Patents”
means patents and patent applications, utility models and applications for utility models, inventor’s certificates and applications for inventor’s certificates, and invention disclosure statements, together with (x) all divisionals,
continuations, continuations-in-part, and foreign counterpart applications related to the foregoing, (y) all Patents, including foreign counterpart Patents, issuing on any Patent applications included in any of the foregoing, and (z) all reissues,
reexaminations, extensions, divisions, renewals, substitutions, confirmations, registrations, revalidations, revisions, and additions of or to any of the foregoing. 

(x) “Registered Business Intellectual Property Rights” means any all Intellectual Property Rights within the
Business Intellectual Property that are the subject of an application, filing, registration, or other document issued by, filed with, or recorded by any Governmental Entity, but excluding any items that are expired, withdrawn, cancelled, or
abandoned. 
 (xi) “Software” means all (i) computer programs and other software, including firmware,
microcode, and drivers, and including software implementations of algorithms, models, and methodologies, whether in source code, object code or other form, including libraries, subroutines and other components thereof; and (ii) computerized
Databases and other computerized compilations and collections of data or information, including all data and information included in such Databases, compilations or collections. 

(xii) “Technology” means any and all (i) technology, formulae, algorithms, procedures, processes, methods,
techniques, knowhow, ideas, creations, inventions, discoveries, and improvements (whether patentable or unpatentable and whether or not reduced to practice); (ii) technical, engineering, manufacturing, product, marketing, servicing, financial and
supplier information and materials; (iii) specifications, designs, models, devices, prototypes, schematics, and development tools; (iv) Works of Authorship; (v) Mask Works, reticles, and masks; (vi) Databases; (vii) Trade Secrets; and (viii)
tangible embodiments of any of the foregoing, in any form or media whether or not specifically listed herein. 

  
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 (xiii) “Trade Secrets” means information and materials not
generally known to the public, including information and materials that (i) derive independent economic value, actual or potential, from not being generally known to the public or to other persons who can obtain economic value from its disclosure or
use and (ii) are the subject of efforts that are reasonable under the circumstances to maintain their secrecy. 
 (xiv)
“Trademarks” means trademarks, service marks, logos and design marks, trade dress, trade names, fictitious and other business names, together with all goodwill associated with any of the foregoing. 

(xv) “Works of Authorship” means Software, register-transfer level and gate-level descriptions, netlists,
documentation, scripts, verification components, test suites, websites, content, images, graphics, text, photographs, artwork, audiovisual works, sound recordings, graphs, drawings, reports, analyses, writings, and other works of authorship and
copyrightable subject matter. 
 5.10 Litigation. There is no (a) pending or, to the Knowledge of Seller, threatened,
action, claim (including any invitation to license) or proceeding (including any interference proceeding in front of the U.S. Patent and Trademark Office), or (b) outstanding order, judgment, injunction, ruling, decree, consent, or settlement,
against or involving the Business or the Transferred Assets, except as would not be material. Neither Seller nor any Seller Affiliate has brought, or made a bona fide threat to bring, any action, claim or proceeding involving the Business or
the Transferred Assets, except as would not be material. 
 5.11 Transferred Contracts. Except for the Transferred Contracts
and except for any other contract which Seller or any Affiliate is a party to as set forth on Section 5.11 of the Seller Disclosure Schedule, neither Seller nor any Affiliate is a party to or bound by any contract that arises primarily out of the
operation or conduct of the Business and which is material to the Business. As of the date hereof, each Transferred Contract constitutes the valid and legally binding obligation of Seller or Seller’s Affiliates, as applicable, and, to the
Knowledge of Seller, each other party thereto, enforceable in accordance with its terms (subject to the Bankruptcy and Equity Exception), and is in full force and effect. There is no material breach or default under any Transferred Contract by
Seller or Seller’s Affiliates, as applicable, or, to the Knowledge of Seller, by any other party thereto, no event has occurred that with the giving of notice, the lapse of time, or both would constitute a material breach or default thereunder
by Seller or Seller’s Affiliates, as applicable, or, to the Knowledge of Seller, any other party, and Seller has not received any written notice of any such material breach or material default. Seller has not received formal written notice that
the other party to any Transferred Contract intends to cancel, terminate, breach, or attempt to alter the terms of any such Transferred Contract in any material respect. Seller has provided Parent and its counsel true, correct and complete copies of
all Transferred Contracts as they appear in Seller’s database. 
 5.12 Certain Financial Data. Seller has
provided the financial data set forth in Section 5.12 of the Seller Disclosure Schedule (the “Financial Data”) to Parent, which Parent has used to generate a Statement of Revenue and Direct Expenses and Seller will provide
underlying Financial Data to support Parent’s preparation of a Statement of Assets Transferred and Liabilities Assumed. The Financial Data was and will be provided in good faith, and to the actual knowledge of Mark Lin, are prepared in
accordance with GAAP, consistently applied. 

  
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 5.13 Transferred Inventory and Transferred Equipment. Section 5.13 of the
Seller Disclosure Schedule sets forth all Transferred Inventory and Transferred Equipment. The Transferred Inventory and Transferred Equipment are in reasonably good operating condition, working order and repair in all material respects, subject to
ordinary wear and tear considering the age and ordinary course of use of such Transferred Inventory and Transferred Equipment and routine maintenance. 

5.14 Customers and Suppliers. 

(a) Section 5.14(a)(1) of the Seller Disclosure Schedule contains a true and complete list of the ten (10) largest customers of the Business
(based on gross sales) during the 12-month period ended as of December 31, 2015 (the “Major Customers”). Other than as set forth in Section 5.14(a)(2) of the Seller Disclosure Schedule, since January 1, 2016, Seller has not received
any formal written notice from any Major Customer indicating that any Major Customer has stopped, materially decreased the rate of, or materially adversely changed the terms (whether related to payment, price or otherwise) with respect to the
purchasing of Products. To the Knowledge of Seller, there are no material disputes between the Business and any Major Customer as of the date of this Agreement. 

(b) Section 5.14(b) of the Seller Disclosure Schedule contains a true and complete list of the ten (10) largest suppliers of the Business
(based on dollar volume) during the 12-month period ended as of December 31, 2015 (the “Major Suppliers”). Other than as set forth in Section 5.14(b) of the Seller Disclosure Schedule, since January 1, 2016, Seller has not received
any formal written notice indicating that any Major Supplier has stopped or will stop, materially decrease the rate of, or materially change the terms (whether related to payment, price or otherwise) with respect to the supply of materials, products
or services to the Business (whether as a result of the consummation of the transactions contemplated hereby or otherwise). To the Knowledge of Seller, there are no material disputes between the Business and any Major Supplier as of the date of this
Agreement. 
 5.15 Recalls; Other Matters. 

(a) As of the date of this Agreement, no recall or post-sale notice or warning is pending or, to the Knowledge of Seller, threatened in
connection with any Product. 
 (b) Seller is not aware of any Moisture Issue (as such term defined in Section 5.15(b) of Seller Disclosure
Schedule) concerning any Product (or part thereof) except as set forth on Section 5.15(b) of the Seller Disclosure Schedule. 
 5.16
Transactions with Affiliates. Section 5.16 of the Seller Disclosure Schedule sets forth all material support services and other material contracts between Seller and/or any Seller Affiliate, on the one hand, and Microsemi
Corporation or any of its subsidiaries, in each case, to the extent primarily relating to the Business. 
 5.17 Labor Matters.

 (a) Section 5.17(a) of the Seller Disclosure Schedule sets out, as of the date hereof, for each Employee, such Employee’s title,
salary, bonus, target incentive for the current year, hire date, status as full-time or part-time, entitlements under benefits plans, job description or responsibility. 

  
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 (b) Section 5.17(b) of the Seller Disclosure Schedule sets out all employment contracts,
consulting agreements, and any other agreements respecting the terms and conditions of employment or of an independent contractor relationship in respect of any officer, director, Employee or former Employee, consultant or independent contractor,
who are each employed in, or engaged by Seller to perform work for, the Business, to which Seller is a party to or is bound by. Except for the agreements listed in Section 5.17(b) of the Disclosure Schedule or as may be required by applicable Law,
there is no written employment contract, commitment or arrangement relating to the Business which contain any specific agreement as to notice of termination or pay in lieu thereof or which cannot be terminated without cause upon giving reasonable
notice or pay in lieu thereof as may be implied by Applicable Law without the payment of any extraordinary bonus, damages, share of profits or penalty. 

(c) Section 5.17(c) of the Seller Disclosure Schedule accurately sets out all accrued and unused vacation entitlement, regular and
supplementary vacation pay, banked and deferred overtime compensation, time-off entitlement, severance and retirement benefits and any other amounts or benefits due or accruing to all Employees of Seller. No claim, complaint or investigation
relating to the Business for unpaid wages, bonuses, commissions, employment withholding taxes, penalties, overtime or other compensation benefits has been filed or, to the Knowledge of Seller, is pending. 

(d) Neither Parent nor any Purchaser will be required to pay upon Closing any amount (including severance, unemployment compensation, golden
parachute, change of control, bonus, fee, distribution, remuneration or pay in lieu of notice of termination and reasonable notice of termination, and/or other like compensation to any Person), as a result of the transactions contemplated by this
Agreement, other than salaries, wages, commissions, vacation entitlement, or bonuses paid or payable to Rehired Employees in the ordinary course of business in accordance with current compensation levels as set forth on Section 5.17(a) of the Seller
Disclosure Schedule. 
 (e) There are no collective agreements in force with respect to the Employees and none of the Employees has been, or
are currently, represented by a union, labor organization or group which holds bargaining rights with respect to any of the Employees of the Business. 

(f) No representation, election, petition or application for certification has been filed during the prior three years by the Employees or any
union, labor organization or group or is, to the Knowledge of the Seller, pending with any labor relations board or any other Governmental Entity, and, to the Knowledge of Seller, no union organizing campaign or other attempt to organize or
establish a labor union, employee organization or labor organization or group involving Employees has occurred, is in progress or is threatened. 

(g) To the Knowledge of Seller, no investigation or citation of Seller has occurred and no enforcement proceeding has been initiated or is
pending or, to the Knowledge of Seller, threatened under any Applicable Law relating to immigration, in each case, as applicable to the Business or the Employees in connection with their employment with Seller. 

  
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 (h) Seller has maintained adequate insurance as required by Applicable Laws with respect to
workers’ compensation claims and unemployment benefits claims with respect to the Business and the Employees. 
 (i) Seller is in
compliance in all material respects with all Applicable Laws and all contracts or collective bargaining agreements governing or concerning labor relations, union and collective bargaining, conditions of employment, human rights and harassment,
wages, hours or occupational safety and health, and is not liable for any material liabilities, judgments, decrees, orders, arrearage or wages or taxes, fines or penalties for failure to comply with any of these laws, each as with respect to the
Business and the Employees. 
 (j) Seller has withheld and remitted or paid to the relevant Governmental Entity all income taxes, employment
insurance contributions, workers’ compensation, Canada Pension Plan contributions and any taxes or other amounts which it is required by statute to withhold and remit or pay to any Governmental Entity in respect of its employees. 

(k) To the Knowledge of Seller, there are no pending or threatened employment-related disputes, or any threatened or actual complaint pursuant
to any applicable federal or provincial human rights legislation or employment standards legislation or any other Applicable Law relating to employment or other proceeding whatsoever, by or involving any present or former Employee including, without
limitation in respect of claims or threatened claims by former Employees for wrongful dismissal. 
 (l) There are no notices of assessment,
provisional assessment, reassessment, supplementary assessment, penalty assessment or increased assessment (collectively, “assessments”) or any other communications related thereto which Seller has received from any workers’
compensation or workplace safety and insurance board or similar authorities in any jurisdictions where the Business is carried on and there are no assessments which are unpaid on the date hereof or which will be unpaid at the Closing and there are
no facts or circumstances which may result in an increase in liability to Parent (or any Purchaser) from any applicable workers’ compensation or workplace safety and insurance legislation, regulations or rules after the Closing. Seller’s
accident cost experience relating to the Business is such that there are no pending or possible assessments and there are no claims or potential claims which may adversely affect Parent’s (or any Purchaser’s) accident cost experience. 

(m) Seller has complied in all material respects at all times with all Privacy Laws in connection with the collection, use and disclosure of
Personal Information about Employees by Seller; and to the Knowledge of Seller, all Personal Information has been collected, used and disclosed with the consent of each Employee to whom such Personal Information relates and has been used only for
the purposes for which it was initially collected. 
 (n) Section 5.17(n) of the Seller Disclosure Schedule contains a true and complete
list of all material Benefit Plans. The Seller has made available to the Parent true, correct and complete copies of all the Benefit Plans as amended as of the date hereof, together with all related documentation. All Benefit Plans have been
registered and administered in material compliance with all laws. The Seller has made all contributions and paid all premiums in respect of each Benefit Plan in a timely fashion in accordance with the terms of each Benefit Plan and applicable laws.

  
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 5.18 Certain Contracts. Except as set forth in Section 5.18 of the Seller
Disclosure Schedule, none of the Transferred Contracts (A) provide for any Person to be the exclusive provider of any product or services relating to the Business to Seller and/or any Seller Affiliate or that otherwise involves the granting by
Seller and/or any Seller Affiliate to any Person of exclusive rights, in each case relating to the Business, (B) grant to any Person a right of first refusal or right of first offer on the sale of any material part of the Business, (C) contain any
covenant that limits or purports to limit in any material respect the ability of Seller and/or any Seller Affiliate to operate the Business to compete with any Person or in any geographic area, or (D) contain a provision of the type commonly
referred to as “most favored nation” provision with respect to a material right or obligation relating to the Business to for the benefit of a Person other than Seller and/or any Seller Affiliate. 

5.19 Sufficiency of Transferred Assets. Except as set forth on Section 5.19 of the Seller Disclosure Schedule, the
Transferred Assets, the Transition Services Agreement and the License Agreement are sufficient for the conduct and operation of the Business as a product line of another company immediately following the Closing in substantially the same manner as
conducted and operated as of the date hereof. 
 5.20 Conduct of Business. Since February 9, 2016, neither Seller nor any
Seller Affiliate has granted any discounts or promotions with respect to the Business outside of the ordinary course. 
 5.21 Books
and Records. All of the records, data and information maintained, operated or used by Seller in connection with the conduct or administration of the Business (including all means of access) are under the exclusive ownership or direct
control of Seller or its Affiliates. 
 5.22 Allocation. 

(a) The purchase price allocation set forth on Section 5.22(a) of the Seller Disclosure Schedule accurately reflects in all
respects the jurisdictions in which the Transferred Assets are beneficially owned and the fair market value of the Transferred Assets. 

(b) With respect to the Transferred Assets and the Business, Seller and its subsidiaries are in material compliance with all
applicable transfer pricing Laws (including, without limitation, Section 482 of the Code) and regulations, interpreted reasonably and in good faith, including the execution and maintenance of contemporaneous documentation substantiating the transfer
pricing practices and methodology of Seller and its subsidiaries. It was and is reasonable to conclude that the prices for any property or services (or for the use of any property) provided by or to Seller or any of its subsidiaries are
arm’s length prices for purposes of the relevant transfer pricing Laws, including Treasury Regulations promulgated under Section 482 of the Code. 

(c) Any breach of this Section 5.22 shall not be subject to the Deductible or the Mini-Basket. 

5.23 No Other Representations. EXCEPT FOR THE EXPRESS REPRESENTATIONS AND WARRANTIES MADE BY SELLER IN THIS SECTION 5,
SELLER MAKES NO REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, 

  
 18 

 
CONCERNING THE BUSINESS, TRANSFERRED ASSETS AND ASSUMED LIABILITIES, IT BEING SPECIFICALLY UNDERSTOOD BY BUYER THAT, EXCEPT FOR THE EXPRESS WARRANTIES SET FORTH IN THIS SECTION 5, THE TRANSFERRED
ASSETS ARE BEING SOLD AND TRANSFERRED “AS IS” IN ALL RESPECTS, SELLER SPECIFICALLY DISCLAIMS ANY WARRANTY OF MERCHANTABILITY OR SUITABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE OF BUYER’S WHETHER OR NOT SELLER HAS BEEN MADE AWARE OF
ANY SUCH PURPOSE. 
 SECTION 6. REPRESENTATIONS AND WARRANTIES OF PARENT 

Parent hereby represents and warrants to Seller as of the date hereof as follows: 

6.1 Organization, Standing and Authority. Parent is a corporation duly organized, validly existing and in good standing
under the laws of the State of Delaware. Parent has all necessary corporate power and corporate authority to enter into this Agreement and all Other Transaction Documents to which it is a party, and to perform its obligations hereunder and
thereunder. When executed and delivered by Parent, this Agreement and all Other Transaction Documents to which it is a party will constitute the legal, valid and binding obligations of Parent, enforceable against Parent in accordance with their
respective terms, except as may be limited by the Bankruptcy and Equity Exception. Each Purchaser is a company duly formed, validly existing and in good standing (if applicable) under the laws of the country of its formation. Each
Purchaser has all necessary company power and company authority to enter into all Other Transaction Documents to which it is a party, and to perform its obligations thereunder. When executed and delivered by the applicable Purchaser, all Other
Transaction Documents to which it is a party will constitute the legal, valid and binding obligations of such Purchaser, enforceable against such Purchaser in accordance with their respective terms, except as may be limited by the Bankruptcy and
Equity Exception. Each Purchaser is a wholly owned subsidiary of Parent. 
 6.2 Authorization. All requisite
corporate action necessary to authorize the execution, delivery and performance by Parent of this Agreement and all Other Transaction Documents to which it is a party has been taken. This Agreement and all Other Transaction Documents to which
Parent is a party constitute the valid and binding obligations of Parent, enforceable against Parent in accordance with their respective terms, except as may be limited by the Bankruptcy and Equity Exception. 

6.3 No Breach. The execution and delivery of this Agreement and all Other Transaction Documents to which Parent is a party by
Parent does not and the consummation of the transactions contemplated hereby and thereby by Parent will not (a) violate any provision of Parent’s Certificate of Incorporation or Bylaws, (b) result in a material breach (or any event which, with
notice or lapse of time or both, would constitute a material breach) of any term or provision of, or constitute a material default under, any material agreement or arrangement to which Parent is a party, or (c) violate any statute or law or any
judgment, decree, order, regulation or rule of any court or Governmental Entity to which Parent is bound or affected. The execution and delivery of all Other Transaction Documents to which a Purchaser is a party by such Purchaser does not and the
consummation of the transactions contemplated hereby and thereby by such Purchaser will not (a) violate any provision of such Purchaser’s organizational documents, (b) result in a material breach (or any event which, with notice or lapse of
time or both, would constitute a material breach) of any term or provision of, or constitute a material 

  
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default under, any material agreement or arrangement to which such Purchaser is a party, or (c) violate any statute or law or any judgment, decree, order, regulation or rule of any court or
Governmental Entity to which such Purchaser is bound or affected. 
 6.4 Funds. Parent has, and shall have at the
Closing, sufficient funds in cash equal to the Purchase Price which are immediately available. 
 SECTION 7. COVENANTS 

7.1 Consents and Assignments. 

(a) Prior to and after the Closing, Parent and Seller shall cooperate and use their respective commercially reasonable efforts (but without
the requirement of any payment of money or the provision of any other consideration by Seller) to obtain, as soon as practicable, all requisite consents to transfers and assignments, as the case may be, of all of the Transferred Assets (the
“Consents”). 
 (b) To the extent any Consent has not been obtained on or prior to Closing with respect to any Transferred
Asset (a “Delayed Asset”) and any related Assumed Liability (a “Delayed Liability”), Seller shall enter into such reasonable arrangements with the Parent that will reflect as nearly as possible the respective
benefits and obligations that would have been in effect had the Delayed Assets and Delayed Liabilities been transferred and assumed at Closing. At such time and on each occasion after the Closing that a Consent shall be obtained with respect to any
Delayed Asset, such Delayed Asset shall forthwith, without any further action on the part of Parent or Seller, be transferred and assigned to the applicable Purchaser by the Seller, and all Delayed Liabilities related to such Delayed Asset shall be
simultaneously assumed by the applicable Purchaser. 
 (c) If there are any Delayed Assets, the Seller will use commercially reasonable
efforts to provide the applicable Purchaser with the benefits intended to be assigned in respect of such Delayed Asset and, to the extent that the applicable Purchaser is provided with such benefits, the applicable Purchaser shall assume, pay when
due and perform any corresponding Delayed Liabilities as and when obligated. The Seller shall take such action as the applicable Purchaser may reasonably request so as (i) to provide the applicable Purchaser with the benefits of each Delayed
Asset (including permitting the applicable Purchaser to take actions, in the name of the Seller, but at the applicable Purchaser’s expense, required to enforce any rights reasonably necessary for the applicable Purchaser to receive the full
benefits of such Delayed Asset) and (ii) to effect collection of money or other consideration due and payable under the Delayed Asset. The Seller shall promptly pay over to the applicable Purchaser all money or other consideration received by
it in respect of each Delayed Asset. Notwithstanding anything to the contrary set forth in the foregoing sentences, the Seller shall be entitled to retain from or set-off against amounts due to, or otherwise charge and collect from, the applicable
Purchaser all reasonable incremental costs associated with the retention, maintenance and enforcement of rights of any Delayed Asset, and in addition all Liabilities arising thereunder to the extent related to the ownership, use or operation thereof
from and after the Closing Date contemplated by this Section 7.1, and the applicable Purchaser will indemnify the Seller for any Liability resulting from or arising out of any such activities. With respect to each Delayed Asset, as of and from
the Closing Date, to the extent permissible under or by the Delayed Asset, the Seller hereby 

  
 20 

 
(A) authorizes the applicable Purchaser, to the extent permitted by applicable Law and the terms of the Delayed Asset, to perform all the obligations and receive all the benefits of Seller
under the Delayed Asset and (B) appoints the applicable Purchaser its attorney-in-fact to act in its or his name and on its or his behalf with respect thereto. 

(d) It is expressly agreed by the Parties that obtaining any such Consent contemplated by this Section 7.1 shall not be a condition to Closing
and the failure to obtain any such Consents shall not be considered a breach of this Agreement. 
 7.2 No Brokers. Seller and
Parent each represent and warrant to the other that neither it nor any of its Affiliates is obligated to pay a fee to any broker or finder relating to this Agreement, and each agrees to indemnify the other against any loss, cost or expense,
including reasonable attorneys’ fees, incurred as a result of any claim for such a fee. 
 7.3 Confidentiality.
Notwithstanding anything to the contrary in this Agreement or in any Other Transaction Document, following the Closing (i) all Trade Secrets included in the Transferred Assets shall constitute confidential information of Parent and/or its Affiliates
(and not of Seller or any of its Affiliates), irrespective of whether such Trade Secrets were identified or otherwise designated as “confidential,” and Seller shall be deemed the “receiving party” and Purchaser the
“disclosing party” under the Confidentiality Agreement; (ii) neither Parent nor any of its Affiliates will have any obligations whatsoever under the Confidentiality Agreement with respect to such Trade Secrets; and (iii) any other
information (in addition to Trade Secrets) of Seller or its Affiliates immediately prior to the Closing that constitutes Transferred Assets shall constitute confidential information of Parent and/or its Affiliates (and not of Seller or any of its
Affiliates), irrespective of whether such information were identified or otherwise designated as “confidential,” and Seller shall be deemed the “receiving party” and Parent the “disclosing party” under the
Confidentiality Agreement and neither Parent nor any of its Affiliates will have any obligations whatsoever under the Confidentiality Agreement with respect to such information. 

7.4 Publicity. All public announcements relating to this Agreement or the transactions contemplated hereby shall be made
only upon the mutual consent of the parties hereto. Any disclosures to third parties or to the public shall not reveal the Purchase Price. Notwithstanding the foregoing, either party shall have the right, in its sole discretion, to make
such disclosures as it may deem necessary or advisable to its legal representative or to comply with required legal or regulatory disclosures, including pursuant to the rules and regulations of the U.S. Securities and Exchange Commission, the Nasdaq
Stock Market LLC or the New York Stock Exchange LLC.
 7.5 Employees. 

(a) Prior to the date hereof, Parent or the applicable Purchaser has offered employment to selected Employees as, set forth on Section 7.5(a)
of the Seller Disclosure Schedule. Each such offer is effective as of the later of the Closing or May 1, 2016 and provides for the Employee to receive compensation and benefits that, in the aggregate, are substantially comparable to the compensation
and benefits but in all events not materially less favorable than the compensation and benefits provided by Seller and its Affiliates to such Employee as of the date hereof (determined based on the information actually provided by Seller to Parent
as of the date of this Agreement). Each Employee who accepts (or has accepted) such offer of 

  
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employment from Parent or any of its Affiliates is referred to herein as a “Rehired Employee”. As to any Employee who was so offered employment by Parent or one of its Affiliates
prior to the Closing, rejected such offer, and is or was terminated by Seller or any of its Affiliates thereafter, Seller shall be responsible for any severance payable to such Employee in connection with the termination of his or her employment by
Seller and its Affiliates; provided, however that if such Employee is hired by Parent or any of its Affiliates within twelve (12) months after the Closing, Parent shall reimburse Seller for the full amount of severance paid by Seller to such
Employee. Parent shall also promptly reimburse Seller for the full amount of severance paid by Seller to the Employees identified in Section 7.5(a) of the Seller Disclosure Schedule who have not been offered employment by Parent or any of its
Affiliates. 
 (b) As of the later of the Closing Date or May 1, 2016, all Rehired Employees shall cease to accrue further benefits in the
Benefit Plans. Parent shall ensure that each Rehired Employee receives full credit (for all purposes, including eligibility to participate, vesting, vacation entitlement and severance benefits, but excluding benefit accrual) for service with Seller
and its Affiliates (or predecessor employers) under each of the comparable employee benefit plans, programs and policies of Parent and its Affiliates in which such Rehired Employee becomes a participant; provided, however, that no such service
recognition shall result in any duplication of benefits. As of the later of the Closing Date or May 1, 2016, Parent shall, or shall cause the relevant Parent affiliate to, credit to Rehired Employees the amount of vacation time that such employees
had accrued under any applicable benefit plan as of the Closing Date (the “Accrued Vacation”). With respect to each health or welfare benefit plan maintained by Parent or any of its Affiliates for the benefit of any Rehired
Employee, subject only to any required approval of the applicable insurance provider, if any, Parent shall (i) cause to be waived any eligibility waiting periods, any evidence of insurability requirements and the application of any pre-existing
condition limitations under such plan, and (ii) cause each Rehired Employee to be given credit under such plan for all amounts paid by such Rehired Employee under any similar benefit plan for the plan year that includes the Closing Date for purposes
of applying deductibles, co-payments and out-of-pocket maximums as though such amounts had been paid in accordance with the terms and conditions of the applicable plan maintained by Parent or any of its Affiliates for the plan year in which the
Closing Date occurs. 
 (c) Except as expressly provided in Section 7.5(a), Seller will be responsible for all wages, salaries, overtime,
vacation pay, bonuses, commissions, incentive payments, Benefit Plan contributions and other like amounts, of all Employees for the period up to but excluding the later of the Closing Date or May 1, 2016. 

(d) Effective as of the later of the Closing Date or May 1, 2016, (i) the applicable Purchaser will be responsible for all wages, salaries,
overtime, vacation pay, bonuses, commissions, incentive payments, including any pay in lieu of notice of termination and reasonable notice of termination and other like amounts with respect to the Rehired Employees, in each case, solely to the
extent arising from the employment of the Rehired Employees with Parent (or a Purchaser) for the period from and after the later of the Closing Date or May 1, 2016; and (ii) the applicable Purchaser will assume the Rehired Employees Severance
Obligations in accordance with the terms of Section 2.3(a) above. Parent shall also be responsible for: (i) all liabilities for claims for injury, disability, death or workers’ compensation arising from or related to employment of the Rehired
Employees with Parent (or a Purchaser) on and subsequent to the later of the Closing Date or May 1, 2016; and (ii) all employment-related 

  
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claims, penalties and assessments in respect of the employment of the Rehired Employees with the applicable Purchaser arising out of matters which occurred on or subsequent to the later of the
Closing Date or May 1, 2016. Neither Parent nor any Purchaser shall have any obligations to or assume any liability in respect of any employee of the Seller (or any of its Affiliates) who is not a Rehired Employee. 

(e) Notwithstanding the foregoing, nothing contained in this Agreement shall confer upon any Rehired Employee any right with respect to
continuance of employment by Parent (or any Affiliate), nor shall anything herein interfere with the right of Parent to terminate the employment of any of the Rehired Employees at any time, with or without cause, or restrict Parent in the exercise
of its independent business judgment in modifying any of the terms and conditions of the employment of the Rehired Employees following the Closing. No provision of this Agreement shall (i) create any third party beneficiary rights in any Rehired
Employee, any beneficiary or dependents thereof, or any collective bargaining representative thereof, with respect to the compensation, terms and conditions of employment and benefits that may be provided to any Rehired Employee by Parent or under
any benefit plan which Parent may maintain, or otherwise, or (ii) be construed as in any way modifying or amending the provisions of any benefit plan. Neither Parent nor any of its Affiliates will contribute to any benefit plan or other compensation
plan or agreement of Seller or any of its Affiliates. Neither Parent nor any of its Affiliates will assume sponsorship of, nor will they adopt as a participating company in, any benefit plan or other compensation plan or agreement of Seller or any
of its Affiliates. 
 7.6 Non-Competition. 

(a) In further consideration of the consideration to be paid to Seller hereunder, Seller agrees to the covenants set forth in this Section 7.6
and acknowledges that (i) the covenants set forth in this Section 7.6 are reasonably limited in time and in all other respects, (ii) the covenants set forth in this Section 7.6 are reasonably necessary for the protection of Parent, (iii) Parent
would not have entered into this Agreement but for Seller’s agreement to the restrictions set forth in this Section 7.6 and (iv) the covenants set forth in this Section 7.6 have been made in order to induce Parent to enter into this Agreement.

 (b) Subject to Section 7.6(c), for a period of thirty-six (36) months from and after the Closing Date, Seller shall not, directly or
indirectly, and shall not permit any of its Affiliates (including any Seller Affiliate) to, organically design, develop, manufacture and/or sell, anywhere in the world, any receiver, transmitter and/or synthesizer (or any combination or all of the
foregoing) that is used specifically for receiving and transmitting 3G, 4G and/or 5G cellular medium signals and that provides functionality that is substantially similar to the Products. For the avoidance of doubt, the parties agree that, the
existing activities and businesses (excluding the Business) of Seller and/or its Affiliates do not violate this Section 7.6(b). 
 (c)
Notwithstanding anything to the contrary in this Agreement: for the avoidance of doubt, (i) nothing in this Section 7.6 shall apply to or prohibit or in any way limit the Acquisition by Seller or its Affiliates of or with any Other Enterprise or
part thereof (such Other Enterprise or part thereof, a “Purchased Company”), or the ownership or operation by Seller or its Affiliates of a Purchased Company after such Acquisition, regardless of whether or not a Purchased Company
engages in activities described in the first sentence of Section 7.6(b) anywhere in the world and continues to do so following such Acquisition; and (ii) the 

  
 23 

 
parties agree that this Section 7.6 shall not apply to any Other Enterprise or its Affiliates (including the Sold Portion) who enter into an agreement providing for, or who consummate, an
Acquisition of or with all or part of Seller or any of its Affiliates (all or such part of Seller or any of its Affiliates, the “Sold Portion”) in any transaction. 

(d) The parties hereto agree Parent and its successors and assigns would suffer irreparable harm from a breach of this Section 7.6 and that
money damages would not be an adequate remedy for any such breach. Therefore, in the event of a material breach of this Section 7.6, Parent and its successors and assigns, in addition and supplementary to other rights and remedies existing in their
favor, shall be entitled to seek specific performance and/or injunctive or other equitable relief from a court of competent jurisdiction in order to enforce, or prevent any violations of, the provisions hereof. 

(e) If the final judgment of a court of competent jurisdiction declares any term or provision of this Section 7.6 to be invalid or
unenforceable, the parties hereto agree that the court making the determination of invalidity or unenforceability shall have the power to reduce the scope, duration, or area of the term or provision, to delete specific words or phrases, or to
replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision, and this Section 7.6 shall be
enforceable as so modified to cover the maximum duration, scope, or area permitted by applicable law. 
 (f) “Other
Enterprise” means any Person (including the securities thereof), business or assets. “Acquisition” means, directly or indirectly, a merger, combination or acquisition in any manner (whether by purchase, exchange, license,
mortgage or lease of securities or assets; tender or exchange offer; merger; consolidation; joint venture; share exchange; business combination; or otherwise). 

7.7 Non-Solicitation of Transferred Employees. 

None of Seller, any of its representatives or any of its Affiliates will at any time prior to the date that is eighteen (18) months after the
date hereof, directly or indirectly, solicit the employment of any Rehired Employee (excluding any Rehired Employee who is below the level of vice president, manager or engineer) without Parent’s prior written consent. The term “solicit
the employment” shall not be deemed to include generalized searches for employees through media advertisements, employment firms or otherwise that are not focused on or directed to Rehired Employees. Notwithstanding anything in this
Agreement to the contrary, nothing in this Section 7.7 shall prevent Seller or any of its subsidiaries from soliciting (i) any Rehired Employee whose employment has been terminated by Parent or any of its Affiliates or (ii) after six (6) months from
the date of termination of employment, any Rehired Employee whose employment has been terminated by the Rehired Employee. 
 7.8
Access and Information. 
 For the six months following the Closing Date, Seller shall provide, and shall cause Seller
Affiliates to provide, to Parent and its officers, employees, accountants, counsel and other representatives, and Parent shall provide, and shall cause Parent Affiliates to provide, to Seller and its officers, employees, accountants, counsel and
other representatives, upon reasonable 

  
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request (subject to any limitations that are reasonably required to preserve any applicable attorney-client privilege, privacy or legal or contractual third party confidentiality obligation;
provided, however, that in the event that access is limited or restricted pursuant to this parenthetical, Seller and Seller Affiliates, or Parent and Parent Affiliates, respectively, shall use reasonable commercial efforts to make alternative
accommodations to afford access in a manner that does not jeopardize any attorney-client privilege or legal or contractual third party confidentiality obligation), reasonable access for inspection and copying of information existing as of the
Closing Date, in each case, solely to the extent solely relating to the Business, the Transferred Assets, the Assumed Liabilities or the Rehired Employees and shall otherwise use commercially reasonable efforts to reasonably assist and cooperate
with Parent, in each case, in Parent’s, or Seller, in each case, in Seller’s, respectively, preparation of historical or pro forma financial statements related to the Business for purposes of complying, or preparing to comply, with any
rules or regulations of the Securities and Exchange Commission, including all such historical depreciation and amortization expenses of the Business as may be required by the Securities and Exchange Commission as part of such historical or pro forma
financial statements. The access to files, books and records contemplated by this Section 7.8 shall be during normal business hours and upon reasonable prior notice and shall be subject to such reasonable limitations as Seller or Parent,
respectively, may impose to preserve the confidentiality of information contained therein. 
 7.9 Lien Release. 

Seller will provide Parent substantially simultaneously with the Closing with all agreements, instruments and other documents, in form and
substance reasonably satisfactory to Parent that are necessary or appropriate to evidence the release of the Credit Agreement Encumbrances, including a termination of all Encumbrances in the Transferred Patents and Transferred Trademarks in a form
suitable for filing with the United States Patent and Trademark Office, and copies of any UCC-3 financing statements with respect to the release of such Credit Agreement Encumbrances that have been filed or will be filed with the applicable
Governmental Body substantially simultaneously with Closing. 
 7.10 Privacy. 

(a) Each Disclosing Party acknowledges and confirms that the disclosure of Transferred Information is necessary for the purposes of
determining if the parties shall proceed with the transactions contemplated herein, and that the disclosure of Transferred Information relates solely to the carrying on of the business and the completion of the transactions contemplated herein. 

(b) Each Disclosing Party covenants and agrees to, upon request, use reasonable efforts to advise the Recipient of all documented purposes for
which the Transferred Information was initially collected from or in respect of the individual to which such Transferred Information relates and all additional documented purposes where the Disclosing Party has notified the individual of such
additional purpose, and where required by Laws, obtained the consent of such individual to such use or disclosure. 
 (c) In addition to its
other obligations hereunder, Recipient covenants and agrees to: (i) prior to the completion of the transactions contemplated herein, collect, use and disclose 

  
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the Transferred Information solely for the purpose of reviewing and completing the transactions contemplated herein, including for the purpose of determining to complete such transactions; (ii)
after the completion of the transactions contemplated herein, collect, use and disclose the Transferred Information only for those purposes for which the Transferred Information was initially collected from or in respect of the individual to which
such Transferred Information relates or for the completion of the transactions contemplated herein, unless (A) the Disclosing Party or Recipient have first notified such individual of such additional purpose, and where required by Laws, obtained the
consent of such individual to such additional purpose, or (B) such use or disclosure is permitted or authorized by Laws, without notice to, or consent from, such individual; (iii) where required by Laws, promptly notify the individuals to whom the
Transferred Information relates that the transactions contemplated herein have taken place and that the Transferred Information has been disclosed to Recipient; (iv) return or destroy the Transferred Information, at the option of the Disclosing
Party, should the transactions contemplated herein not be completed; and (v) notwithstanding any other provision herein, where the disclosure or transfer of Transferred Information to Recipient requires the consent of, or the provision of notice to,
the individual to which such Transferred Information relates, to not require or accept the disclosure or transfer of such Transferred Information until the Disclosing Party has first notified such individual of such disclosure or transfer and the
purpose for same, and where required by Laws, obtained the individual’s consent to same and to only collect, use and disclose such information to the extent necessary to complete the transactions contemplated herein and as authorized or
permitted by Laws. 
 (d) Recipient shall at all times keep strictly confidential all Transferred Information provided to it, and shall
instruct those employees or advisors responsible for processing such Transferred Information to protect the confidentiality of such information in a manner consistent with the Recipient’s obligations hereunder and according to applicable Laws.

 (e) Recipient shall ensure that access to the Transferred Information shall be restricted to those employees or advisors of the
respective Recipient who have a bona fide need to access such information in order to complete the transactions contemplated herein. 
 (f)
“Transferred Information” means the personal information (namely, information about an identifiable individual other than their business contact information when used or disclosed for the purpose of contacting such individual in that
individual’s capacity as an employee or an official of an organization and for no other purpose) to be disclosed or conveyed to one Party or any of its representatives or agents (a “Recipient”) by or on behalf of another Party
(a “Disclosing Party”) as a result of or in conjunction with the transactions contemplated herein, and includes all such personal information disclosed to the Recipient prior to the execution of this Agreement. 

7.11 No Use of Certain Names. 

Parent shall and shall cause the Purchasers promptly, and in any event within six (6) months after Closing, to revise product and service
literature and labeling to delete all references to the Names and to change signing and stationery and otherwise discontinue use of the Names; provided, however, Parent and the Purchasers shall not be required to revise any Names incorporated into
any products for a period of (a) six (6) months after the Closing and (b) with respect to part numbers for Products, one (1) year after Closing; provided, further, that Parent 

  
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and the Purchasers may continue to sell products that use any Names (“Named Products”) to the extent that (x) such Named Product exists on the Closing Date or are produced within
the six (6) month day period following the Closing, (y) for products which require re-certification by a customer, until such time (but not beyond one (1) year) as Parent or the applicable Purchaser shall have received (after requesting) an
acceptance from such customer for the change of the Name on the product, provided that Parent and the Purchasers shall sell all such Named Products prior to the distribution of any similar product of Parent or its Affiliates that does not use the
Names. In no event shall Parent or either of the Purchasers use any Names after the Closing in any manner or for any purpose different from the use of such Names by the Business during the thirty (30)-day period preceding the Closing.
“Names” means “Microsemi” and “PMC-Sierra”, any variations and derivatives thereof and any other logos or trademarks of Seller or its Affiliates not included in Section 2.1(d) of the Seller Disclosure Schedule.

 SECTION 8. REASONABLE EFFORTS; FURTHER ASSURANCES 

Each of Parent and Seller shall use its commercially reasonable efforts to effectuate the transactions contemplated hereby. Each party
shall execute and deliver both before and after the Closing such further certificates, agreements and other documents and take such other actions as the other party may reasonably request to consummate or implement the transactions contemplated
hereby or to evidence such events or matters. 
 SECTION 9. TAXES 

9.1 Transfer Taxes. All sales, transfer, excise, value-added, license, intangible and similar Taxes and fees (including all
recording fees, if any) incurred in connection with this Agreement (“Transfer Taxes”) and the transactions contemplated hereby shall be borne equally by each of Parent and Seller. The party required by applicable law to file a Tax
Return with respect to such Transfer Taxes and to pay such Transfer Taxes shall do so within the time period prescribed by applicable law, and the non-filing party shall promptly reimburse the filing party for its share of such Transfer Taxes upon
receipt of notice that such Transfer Taxes are payable. Parent and Seller shall cooperate in preparing and filing all necessary documentation with respect to such Transfer Taxes and in taking reasonable steps to secure any available exemptions from
and otherwise minimize any Transfer Taxes. 
 9.2 Real Property and Person Property Taxes. Real and personal property taxes,
ad valorem taxes, and franchise fees or taxes (that are imposed on a periodic basis (as opposed to a net income basis)) (collectively, “Periodic Taxes”) shall be prorated between Seller and Parent for any taxable period that
includes but does not end on the Closing Date. Periodic Taxes shall be prorated between Parent and Seller based on the relative periods the Transferred Assets were owned by each respective party during the taxable period for which such Periodic
Taxes were imposed by such jurisdiction. On the Closing Date, Parent and Seller shall pay or be reimbursed, on this prorated basis, for Periodic Taxes that have been paid before the Closing Date. To the extent that Parent or Seller are not
reimbursed on the Closing Date for Periodic Taxes that are paid after the Closing Date, Parent or Seller shall promptly forward an invoice to the other party for its reimbursable pro rata share, if any. 

9.3 Tax Returns. Each of Parent and Seller shall provide the other with such information and records and make, or cause to
be made, its applicable representatives available 

  
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as may reasonably be requested by the other in connection with the preparation of any Tax Return or any audit or other proceeding that relates to Transferred Assets or the Business. Seller shall
retain all material documents, including prior years’ Tax Returns, supporting work schedules and other records or information with respect to the Transferred Assets or the Business and shall not destroy or otherwise dispose of any such records
for six (6) years after Closing without the prior written consent of Parent. Each of the parties hereto agrees to not take a position on any income, transfer or gains Tax Return, before any Governmental Entity charged with the collection of any such
tax or in any judicial proceeding that is in any manner materially inconsistent with Section 5.22(a) of the Seller Disclosure Schedule, unless otherwise required by applicable law, without the consent of the other party (not to be unreasonably
withheld, conditioned or delayed). 
 9.4 FIRPTA Certificate. Prior to or at the Closing, Seller shall deliver a properly
completed executed FIRPTA Certificate to Parent. 
 SECTION 10. INDEMNIFICATION 

10.1 Indemnification. Subject to the other provisions of this Agreement, including this Section 10 and Section 11: 

(a) By Seller. Seller will be liable for and hereby agrees to indemnify and defend Parent and its Affiliates (including the Purchasers)
and each of their respective officers, directors, employees, stockholders, agents and representatives (the “Parent Indemnitees”) from and against any and all losses, liabilities, damages or expense (including reasonable
attorneys’ fees) (collectively, “Losses”) incurred or sustained by any Parent Indemnitee as a result of (i) any breach of any representation or warranty of Seller contained in this Agreement, (ii) any Excluded Liabilities
(including Seller’s failure to perform or in due course pay or discharge any Excluded Liability) (with the understanding that if any Loss arising from this clause (ii) that is primarily attributable to an action or inaction of Parent or any of
its Affiliates for which Parent is required to provide indemnification under Section 10.1(b), then Parent shall not be entitled to indemnification from Seller under this clause (ii) to the extent of the portion of such Loss that is so attributable),
and/or (iii) any breach by Seller of, or failure by Seller to perform, any of its covenants or obligations contained in this Agreement that are required to be performed after the Closing. 

(b) By Parent. Parent will be liable for and hereby agrees to indemnify and defend Seller and its Affiliates (including the Seller
Affiliates) and each of their respective officers, directors, employees, stockholders, agents and representatives (the “Seller Indemnitees”) from and against any and all Losses incurred or sustained by any Seller Indemnitee as a
result of (i) any breach of any representation or warranty of Parent contained in this Agreement, (ii) any Assumed Liabilities (including Parent’s failure to perform or in due course pay or discharge any Assumed Liability) (with the
understanding that if any Loss arising from this clause (ii) that is primarily attributable to an action or inaction of Seller or any of its Affiliates for which Seller is required to provide indemnification under Section 10.1(a), then Seller shall
not be entitled to indemnification from Parent under this clause (ii) to the extent of the portion of such Loss that is so attributable); and/or (iii) any breach by Parent of, or failure by Parent to perform, any of its covenants or obligations
contained in this Agreement that are required to be performed after the Closing. 

  
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 10.2 Deductible; Limitations. Neither party shall be liable for
indemnification to the other party under Section 10.1(a)(i) or Section 10.1(b)(i) unless the Losses incurred by such party exceeds $300,000 (the “Deductible”), and then only to the extent of the excess over such amount; provided,
that any individual Loss that is less than $20,000 (the “Mini-Basket”) shall not be aggregated for purposes of the Deductible and shall be disregarded. Except for claims based on fraud, Seller’s and Parent’s aggregate
liability (for indemnification or otherwise) arising out of this Agreement (a) pursuant to Section 10.1(a)(i) (other than Seller’s breach of the representations and warranties set forth in the first two sentences of Sections 5.4 (Title to
Transferred Assets), 5.7 (Taxes), or 5.22 (Allocation)) or Section 10.1(b)(i) shall not exceed 8.5% of the Purchase Price and (b) otherwise pursuant to Section 10.1(a) or Section 10.1(b) shall not exceed the Purchase Price. Neither party shall be
liable to the other party for any indirect, incidental, special, punitive or consequential damages, including loss of revenue or income, cost of capital, or loss of business, goodwill, reputation or opportunity; provided that the foregoing shall not
limit indirect, incidental, special, punitive or consequential damages, including loss of revenue or income, cost of capital, or loss of business, goodwill, reputation or opportunity required to be paid to a third party by final, non-appealable
order of a court of competent jurisdiction. 
 10.3 Notice and Defense. Promptly upon receipt by Parent or Seller (as the case
may be) of notice of the assertion of any claim in respect to which indemnity may be sought against the indemnifying party (the “Indemnifying Party”) pursuant to this Section 10, the indemnified party (the “Indemnified
Party”) shall promptly notify the Indemnifying Party in writing and the Indemnifying Party shall assume the defense thereof, including the employment of counsel reasonably satisfactory to the Indemnified Party. The failure of any
Indemnified Party to give timely notice hereunder shall not affect rights to indemnification hereunder, except to the extent that, the Indemnifying Party is actually prejudiced thereby. Notwithstanding the foregoing, in the event any of the
Parent Indemnitees are the Indemnified Party, such Parent Indemnitee may assume control of the defense of the applicable claim if the claim (a) relates to or arises in connection with any criminal proceeding, action, indictment, allegation or
investigation or (b) primarily seeks an injunction or equitable relief against the Indemnified Party and such request for an injunction or equitable relief is not incidental or secondary to the underlying claim for relief, provided that the
Indemnifying Party will not be obligated to indemnify the Indemnified Party hereunder for any settlement entered into or any judgment that was consented to without the Indemnifying Party’s prior written consent (such written consent will not be
withheld or delayed unreasonably). In addition, in the event that the Indemnifying Party fails to assume the defense of any such claim or a court of competent jurisdiction, upon petition by the Indemnified Party, determines that the Indemnifying
Party failed or is failing to vigorously prosecute or defend such claim, then the Indemnified Party shall have the right to defend any such claim and such Indemnified Party’s costs and expenses associated with such defense shall constitute
indemnifiable Losses. 
 10.4 Claims. In the event that an Indemnified Party makes a claim for indemnification
pursuant to this Section 10, such claim shall be made in accordance with the provisions of this Section 10 and shall be specified in a written notice (the “Claim Notice”) to the Indemnifying Party prior to the date that is one year
following the Closing Date. In case the Indemnifying Party objects in writing to any claim or claims made in any Claim Notice within twenty (20) days of receipt of the Claim Notice, Parent and Seller shall attempt in good faith to agree upon the
rights of the respective parties with respect to each of such claims. If Parent and Seller 

  
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should so agree, such agreement shall be set forth in writing and signed by both parties. If no such agreement can be reached after good faith negotiation, subject to Section 10.5 and
Section 11.8, either Parent or Seller may resolve such claim by litigation in a court of competent jurisdiction. 
 10.5 Exclusive
Remedy. Except for claims based on fraud, the provisions of this Section 10 (and the last sentence of Section 11.11) shall constitute the exclusive remedy for any and all Losses (whether such Losses are based on contract, tort or
otherwise) asserted against, resulting from, imposed upon or incurred or suffered by the parties to this Agreement as a result of, or based upon or arising from the transactions contemplated by this Agreement. The foregoing shall not preclude Parent
from seeking an injunction or specific performance for any breach of Sections 7.6 or 7.7. 
 SECTION 11. GENERAL MATTERS 

11.1 Survival of Representations and Warranties. None of (a) the representations or warranties or (b) covenants or
agreements to the extent which by their terms contemplate performance before the Closing, in this Agreement shall survive the Closing; provided, however, that notwithstanding the foregoing, the representations and warranties set forth in Section 5
and Section 6 shall survive for a period of one year following the Closing solely for the purposes of Section 10. This Section 11.1 shall not limit any covenant or agreement of the parties hereto to the extent which by its terms contemplates
performance after the Closing, including Sections 7.6 and 7.7. 
 11.2 Costs. Regardless of whether the transactions
contemplated by this Agreement are consummated, except as otherwise set forth herein in Section 10, Parent and Seller shall each pay its own respective legal, accounting, advisory and other fees and expenses incurred in connection with the
negotiation, execution and performance of this Agreement and the consummation of the transactions contemplated hereby. 
 11.3 Changes
in Law; No Duplication. Notwithstanding anything to the contrary in this Agreement, no party shall have any liability or obligation to the other party under this Agreement or otherwise with respect to any Losses if such Losses (a) arise out
of changes in law after the date hereof or (b) are duplicative of Losses that are otherwise actually recovered by such other party under this Agreement. 

11.4 Entire Agreement. This Agreement and the Seller Disclosure Schedule constitute the entire agreement and understanding
of the parties and supersede any prior oral or written agreement, understanding, representation, warranty, promise or document relating to the subject matter of this Agreement. This Agreement may be executed in one or more counterparts, each of
which shall be deemed an original, but all of which together shall constitute one and the same instrument. 
 11.5
Interpretation. The section and other headings contained in this Agreement hereto are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement, or the Seller Disclosure Schedule.
The terms “include”, “includes” or “including” shall be deemed followed by “without limitation”, and the term “or” is not exclusive. The phrase “to the extent” shall mean the extent or
degree to which a subject or thing extends or relates, and shall not simply be construed to mean the word “if”. 

  
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 11.6 Amendments; Waivers; Assignment. This Agreement may be amended or
modified only by a written instrument executed by the parties hereto. No amendment to or waiver of this Agreement shall be valid unless in writing and signed by the party to be charged, and then only to the extent therein specified. This
Agreement is not assignable by either party hereto without the prior written consent of the other party, except that (a) either party may assign this Agreement and its rights and obligations hereunder to any successor-in-interest to such party or
such party’s business (including for the Parent, after the Closing, the Business) by way of merger, acquisition, consolidation or similar transaction,(b) Parent may assign this Agreement and its rights and obligations hereunder to any Affiliate
of Parent (so long as Parent remains liable for all obligations of Parent arising hereunder), and (c) Seller may assign this Agreement and its rights and obligations hereunder to any Affiliate of Seller (so long as Seller remains liable for all
obligations of Parent arising hereunder). 
 11.7 Severability. Any term or provision of this Agreement which is invalid
or unenforceable in any jurisdiction shall be ineffective to the extent of such invalidity or unenforceability and shall not render invalid or unenforceable the remaining terms and provisions of this Agreement in any other jurisdiction. If any
provision of this Agreement is so broad as to be unenforceable, the provision shall be interpreted to be only so broad as is enforceable. 

11.8 Governing Law; No Jury Trial; Jurisdiction. This Agreement shall be governed by and construed and enforced in
accordance with laws of the State of Delaware without reference to the conflicts of law principles thereof. THE PARTIES WAIVE TRIAL BY JURY. Each of the parties hereto hereby (a) expressly and irrevocably submits to the exclusive personal
jurisdiction of the Delaware Court of Chancery and any state appellate court therefrom within the State of Delaware (or, if the Delaware Court of Chancery and any state appellate court therefrom declines to accept jurisdiction over a particular
matter, any United States federal court located in the State of Delaware or any Delaware state court) in the event any dispute arises out of this Agreement, the Other Transaction Documents or any of the transactions contemplated hereby or thereby,
(b) agrees that it will not attempt to deny or defeat such personal jurisdiction by motion or other request for leave from any such court, and (c) agrees that it will not bring any action relating to this Agreement, the Other Transaction Documents
or any of the transactions contemplated by hereby or thereby in any court other than the Delaware Court of Chancery and any state appellate court therefrom within the State of Delaware (or, if the Delaware Court of Chancery and any state appellate
court therefrom declines to accept jurisdiction over a particular matter, any United States federal court located in the State of Delaware or any Delaware state court); provided, that each of the parties shall have the right to bring any action or
proceeding for enforcement of a judgment entered by any United States federal court located in the State of Delaware or any Delaware state court in any other court or jurisdiction. Each party irrevocably consents to the service of process outside
the territorial jurisdiction of the courts referred to in this Section 11.8 in any such action or proceeding in connection with this Agreement or the transactions contemplated hereby by mailing copies thereof by registered United States mail,
postage prepaid, return receipt requested, to its address as specified in or pursuant to Section 11.10. However, the foregoing shall not limit the right of a party to effect service of process on the other party by any other legally available
method. 

  
 31 

 11.9 Parties in Interest. There shall be no third party beneficiaries of this
Agreement. 
 11.10 Notices. Notices shall be to an address as separately supplied by each party. 

11.11 Withholding. Buyer and its agents shall be entitled to deduct and withhold from any consideration payable or
otherwise deliverable pursuant to this Agreement such amounts as may be required to be deducted or withheld therefrom under any provision of any federal, state, county, local, foreign and other Law, and shall be provided any necessary Tax forms,
including IRS Form W-9 or the appropriate series of IRS Form W-8, as applicable, or any similar information. To the extent such amounts are so deducted or withheld, such amounts shall be treated for all purposes under this Agreement as having
been paid to the Person to whom such amounts would otherwise have been paid. To the extent that such amounts are not so deducted and withheld, such Person shall indemnify Buyer and its agents for any amounts imposed by a Governmental Entity,
together with any related Losses. 
 [Remainder of Page Intentionally Left Blank] 

  
 32 

 IN WITNESS WHEREOF, the parties have duly executed this Agreement as of the date first
above written. 
 SELLER: 

Microsemi Storage Solutions, Inc. 

(formerly known as PMC – Sierra, Inc.) 
  

			
	By: 	 	 /s/ John W. Hohener

			
	Name: 	 	 John W. Hohener

			
	Title: 	 	 CFO and Treasurer

 IN WITNESS WHEREOF, the parties have duly executed this Agreement as of the date first
above written. 
 PARENT: 
 MaxLinear, Inc. 

 

			
	By: 	 	 /s/ Adam C. Spice

			
	Name: 	 	 Adam C. Spice

			
	Title: 	 	 Chief Financial OfficerEX-10.1

 Exhibit 10.1 
  

 
  

 
 TRANSITION SERVICES AGREEMENT 

BY AND BETWEEN 

INVENTRUST PROPERTIES CORP. 

AND 
 HIGHLANDS REIT,
INC. 
 DATED AS OF APRIL 28, 2016 
  

 
  

 

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
		
	ARTICLE I SERVICES	  	 	1	  
			
	 Section 1.01
	  	General	  	 	1	  
	 Section 1.02
	  	Quality of Services	  	 	1	  
	 Section 1.03
	  	Duration of Services	  	 	2	  
	 Section 1.04
	  	Third Party Services	  	 	2	  
	 Section 1.05
	  	Responsible Personnel	  	 	3	  
	 Section 1.06
	  	Changes to Services	  	 	3	  
	 Section 1.07
	  	Amendments to Schedule A	  	 	3	  
		
	ARTICLE II COMPENSATION; BILLING	  	 	3	  
			
	 Section 2.01
	  	Service Fees	  	 	3	  
	 Section 2.02
	  	Expenses	  	 	3	  
	 Section 2.03
	  	Taxes	  	 	4	  
	 Section 2.04
	  	[Reserved]	  	 	4	  
	 Section 2.05
	  	Payment of Fees and Expenses	  	 	4	  
	 Section 2.06
	  	Payment Delay; Finance Charges	  	 	4	  
	 Section 2.07
	  	No Right to Set-Off	  	 	4	  
		
	ARTICLE III COOPERATION AND CONSENTS	  	 	4	  
			
	 Section 3.01
	  	General	  	 	4	  
	 Section 3.02
	  	Transition	  	 	5	  
	 Section 3.03
	  	Consents	  	 	5	  
		
	ARTICLE IV CONFIDENTIALITY	  	 	5	  
			
	 Section 4.01
	  	Recipient Confidential Information	  	 	5	  
	 Section 4.02
	  	Provider Confidential Information	  	 	6	  
	 Section 4.03
	  	Required Disclosure	  	 	7	  
	 Section 4.04
	  	Return or Destruction of Confidential Information	  	 	7	  
		
	ARTICLE V INTELLECTUAL PROPERTY	  	 	8	  
			
	 Section 5.01
	  	Recipient Intellectual Property	  	 	8	  
	 Section 5.02
	  	Provider Intellectual Property	  	 	8	  
		
	ARTICLE VI LIMITED LIABILITY AND INDEMNIFICATION	  	 	8	  
			
	 Section 6.01
	  	Consequential and Other Damages	  	 	8	  
	 Section 6.02
	  	Limitation of Liability	  	 	8	  
	 Section 6.03
	  	Obligation To Reperform; Liabilities	  	 	8	  
	 Section 6.04
	  	Release and Recipient Indemnity	  	 	9	  
	 Section 6.05
	  	Provider Indemnity	  	 	9	  
	 Section 6.06
	  	Indemnification Procedures	  	 	9	  
	 Section 6.07
	  	Liability for Payment Obligations	  	 	9	  
	 Section 6.08
	  	Exclusion of Other Remedies	  	 	9	  

							
	 	  	 	  	Page	 
		
	ARTICLE VII INDEPENDENT CONTRACTOR	  	 	9	  
		
	ARTICLE VIII COMPLIANCE WITH LAWS	  	 	10	  
		
	ARTICLE IX TERM AND TERMINATION	  	 	10	  
			
	 Section 9.01
	  	Term	  	 	10	  
	 Section 9.02
	  	Termination of this Agreement	  	 	10	  
	 Section 9.03
	  	Effect	  	 	11	  
		
	ARTICLE X DISPUTE RESOLUTION	  	 	11	  
			
	 Section 10.01
	  	Dispute Resolution	  	 	11	  
	 Section 10.02
	  	Waiver of Jury Trial	  	 	11	  
		
	ARTICLE XI MISCELLANEOUS	  	 	12	  
			
	 Section 11.01
	  	Further Assurances	  	 	12	  
	 Section 11.02
	  	Amendments and Waivers	  	 	12	  
	 Section 11.03
	  	Entire Agreement	  	 	12	  
	 Section 11.04
	  	Third Party Beneficiaries	  	 	12	  
	 Section 11.05
	  	Notices	  	 	12	  
	 Section 11.06
	  	Counterparts; Electronic Delivery	  	 	13	  
	 Section 11.07
	  	Severability	  	 	13	  
	 Section 11.08
	  	Assignability	  	 	13	  
	 Section 11.09
	  	Governing Law; Disputes	  	 	14	  
	 Section 11.10
	  	Disclaimer of Representations and Warranties	  	 	14	  
	 Section 11.11
	  	Force Majeure	  	 	15	  
	 Section 11.12
	  	Construction and Interpretation	  	 	16	  
	 Section 11.13
	  	Titles and Headings	  	 	16	  
	 Section 11.14
	  	Schedules	  	 	16	  
	 Section 11.15
	  	Specific Performance	  	 	16	  
	 Section 11.16
	  	Limited Liability	  	 	17	  
			
	SCHEDULE A	  		  			

  

  
 2 

 TRANSITION SERVICES AGREEMENT 

This Transition Services Agreement (this “Agreement”) is entered into and effective as of April 28, 2016 (the
“Effective Date”), by and between InvenTrust Properties Corp., a Maryland corporation (“Provider”), and Highlands REIT, Inc., a Maryland corporation (“Recipient”). Provider and Recipient may each be
referred to herein as a “Party,” and are collectively referred to as the “Parties.” Capitalized terms used but not defined herein shall have the meanings given them in the Separation Agreement (defined below). 

RECITALS 
 WHEREAS,
Provider has previously been engaged in the business of acquiring, owning and operating a diversified portfolio of commercial real estate and created Recipient hold its portfolio of “non-core” assets; 

WHEREAS, the board of directors of Provider has determined that it is advisable and in the best interests of Provider to establish Recipient
as an independent public reporting company, and in furtherance thereof, to distribute to the stockholders of Provider, on a pro rata basis, 100% of the outstanding shares of common stock of Recipient (the “Separation”); 

WHEREAS, Provider and Recipient have entered into that certain Separation and Distribution Agreement, dated as of April 14, 2016 (the
“Separation Agreement”), to carry out, effect, and consummate the Separation; and 
 WHEREAS, pursuant to the Separation
Agreement, the Parties have agreed that Provider shall provide (or cause to be provided) to Recipient and its Subsidiaries, and Recipient and its Subsidiaries shall receive, certain services and other assistance on a transitional basis following the
Separation and in accordance with the terms of, and subject to, the conditions set forth in this Agreement. 
 NOW, THEREFORE, in
consideration of the foregoing and mutual promises, covenants, agreements, representations and warranties contained herein, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the Parties,
intending to be legally bound, hereby agree as follows: 
 ARTICLE I 

SERVICES 
 Section 1.01
General. In accordance with the provisions hereof, Provider shall provide (or cause to be provided) to Recipient and its Subsidiaries, and Recipient and its Subsidiaries shall receive, the services described on Schedule A attached
hereto (each such service, a “Service” and, collectively, the “Services”). Schedule A may be amended from time to time by written agreement of the Parties. 

Section 1.02 Quality of Services. Provider shall perform (or cause to be performed) the Services (i) in a workmanlike and professional
manner, (ii) with the same degree of care as it exercises in performing its own functions of a like or similar nature, and, where applicable, in a 

 
manner substantially consistent with the quantity and scope of the Services provided by Provider to Recipient and its Subsidiaries in the ordinary course prior to the Effective Time (except to
the extent otherwise provided herein) and (iii) in a timely manner in accordance with the provisions of this Agreement and consistent with historical practice (except to the extent otherwise provided herein), it being understood that nothing in this
Agreement will require Provider to favor Recipient and its Subsidiaries over the other business operations of Provider and its Subsidiaries.

Section 1.03 Duration of Services. Subject to the terms of this Agreement, Provider will provide (or cause to be provided) the Services
to Recipient and its Subsidiaries until the Termination Date (as defined below) or such other date determined pursuant to the following: 

(a) each Service shall terminate on the Initial Expiration Date for such Service set forth on Schedule A (as to each Service, the
“Initial Expiration Date”), unless extended or terminated pursuant to subsection (b) or (c) of this Section 1.03. 

(b) Recipient may terminate any Service prior to the Initial Expiration Date by giving Provider not less than thirty (30) days’ prior
written notice, or such less time as may be agreed upon by the Parties. 
 (c) Recipient may, to the extent set forth on Schedule A,
extend each Service in monthly increments until the Final Expiration Date set forth on Schedule A (as to each Service, the “Final Expiration Date”). Each Service will automatically extend each month until the applicable Final
Expiration Date unless Recipient has provided Provider a notice of termination not less than fifteen (15) days prior to the applicable expiration date for such Service at such time. 

Notwithstanding the foregoing, Recipient agrees that it shall use its commercially reasonable efforts in good faith to transition itself to a
stand-alone entity with respect to each Service as soon as reasonably practicable; and that, to the extent that Provider’s ability to provide a Service is dependent on the continuation of a related Service (and such dependence has been made
known to the other Party), then Provider’s obligation to provide such dependent Service shall terminate automatically with the termination of such related Service. 

Recipient may only terminate Services pursuant to Section 1.03(b) at month-end. To the extent there are any break-up costs (including
commitments made to, or in respect of, personnel or third parties due to the requirement to provide the Services, prepaid expenses related to the Services or costs related to terminating such commitments) reasonably incurred by Provider as a result
of any early termination of a Service by Recipient, Provider shall use its reasonable best efforts to mitigate such costs, and Recipient shall bear such costs and reimburse Provider in full for the same. 

Section 1.04 Third Party Services. Each Party acknowledges and agrees that certain Services may be provided by third parties designated
by Provider. To the extent so provided, Provider shall cause such third parties to provide such Services consistent with the manner contemplated by this Agreement; provided, however, if there is any change to the Services provided
as a result, including the level or cost thereof, Provider and Recipient shall negotiate in good faith to amend Schedule A as appropriate. 

  
 2 

 Section 1.05 Responsible Personnel.

(a) [Reserved.] 
 (b) Provider
will have the right, in its reasonable discretion, to (i) designate which of its personnel will be involved in providing Services to Recipient, and (ii) remove and replace any such personnel, so long as there is no resulting increase in costs, or
decrease in the level of service for Recipient; provided, however, that Provider will use its commercially reasonable efforts to limit disruption of the provision of Services to Recipient in the transition of the Services to different
personnel. 
 (c) In the event that the provision of any Service by Provider requires the cooperation and services of applicable personnel
of Recipient, Recipient will make available to Provider such personnel as may be necessary for Provider to provide such Service. Recipient will have the right, in its reasonable discretion, to (i) designate which of its personnel it will make
available to Provider in connection with the receipt of such Service, and (ii) remove and replace any such personnel, so long as there is no resulting increase in costs to Provider in providing such Service or adverse effect on Provider’s
ability to provide such Service; provided, however, that Recipient will use its commercially reasonable efforts to limit disruption of the provision of services by Provider in the transition of such personnel. 

Section 1.06 Changes to Services. It is understood and agreed that Provider may from time to time modify, change or enhance the manner,
nature and quality of any Service provided to Recipient to the extent Provider is making a similar change in the performance of such Services for Provider and its Subsidiaries; provided, however, that any such modification, change or
enhancement will not reasonably be expected to materially negatively affect such Services. Provider shall furnish to Recipient substantially the same notice (in content and timing), if any, as Provider furnishes to its own organization with
respect to such modifications, changes or enhancements. 
 Section 1.07 Amendments to Schedule A. Each amendment to Schedule
A, as agreed to in writing by the Parties, shall be deemed part of this Agreement and any changes to the Services or other amendments set forth therein shall be subject to the terms and conditions of this Agreement. 

ARTICLE II 
 COMPENSATION; BILLING

 Section 2.01 Service Fees. In consideration for providing the Services, Provider will charge Recipient the fees indicated for each
Service listed on Schedule A (each, a “Service Fee” and collectively, the “Service Fees”). 

Section 2.02 Expenses. Except to the extent provided otherwise on Schedule A, in addition to the Service Fee, Provider shall
also be entitled to charge Recipient for any reasonable, documented, out-of-pocket costs and expenses incurred by Provider in providing the Services (“Expenses”). 

  
 3 

 Section 2.03 Taxes. In addition to any amounts otherwise payable by Recipient pursuant to
this Agreement, Recipient shall pay, be responsible, and promptly reimburse Provider, for any sales, use, value added, goods and services, excise, transfer, recording or similar taxes, including any interest, penalties or additional amounts imposed
with respect thereto, imposed with respect to, or in connection with, the provision of Services or payment of any Service Fees hereunder. 

Section 2.04 [Reserved]. 

Section 2.05 Payment of Fees and Expenses. Within thirty (30) days after the end of each calendar month, Provider shall send Recipient
an invoice for the Service Fees and, in reasonable detail, the Expenses due in connection with the Services provided to Recipient during the immediately preceding calendar month. Payments of invoices shall be made by check or wire transfer of
immediately available funds to one or more accounts specified in writing by Provider. Payment shall be made within thirty (30) days after the date of receipt of Provider’s invoice. 

Section 2.06 Payment Delay; Finance Charges. 

(a) If Recipient fails to make any material payment within thirty (30) days of the date such payment was due to Provider, Provider shall have
the right, at its sole option, upon ten (10) days’ prior written notice (such notice, a “Suspension Notice”), to suspend performance of any Services until payment has been received. 

(b) If Recipient fails to make any payment within sixty (60) days of the date such payment was due to Provider, a finance charge of two
percent (2%) per month, payable from the date of the invoice to the date such payment is received and levied upon the balance of any such payment, shall be due and payable to Provider. In addition, Recipient shall indemnify Provider for its costs,
including reasonable attorneys’ fees and disbursements, incurred to collect any unpaid amount. 
 (c) Recipient shall not be liable for
the payment of any finance charges pursuant to this Section 2.06, and Provider shall not be authorized to suspend performance pursuant to this Section 2.06, to the extent, but only to the extent, that Recipient is in good faith
disputing Service Fees or Expenses incurred under Sections 2.01 and 2.02. 
 Section 2.07 No Right to Set-Off.
Recipient shall pay the full amount of all Service Fees and Expenses and shall not set off, counterclaim or otherwise withhold any amount owed to Provider under this Agreement on account of any obligation owed by Provider to Recipient. 

ARTICLE III 
 COOPERATION AND
CONSENTS 
 Section 3.01 General. Each Party shall reasonably cooperate with and provide assistance to the other Party in carrying
out the provisions of this Agreement. Such cooperation shall include, but not be limited to, exchanging information, responding to inquiries, making adjustments and, subject to Section 3.03, obtaining all consents, licenses, sublicenses
or approvals necessary to permit each Party to perform its obligations hereunder; provided, however, that neither Party shall be required to disclose privileged information to the other Party. 

  
 4 

 Section 3.02 Transition. At the request of Recipient in contemplation of the termination
of any Services hereunder, in whole or in part, Provider shall cooperate with Recipient, at Recipient’s expense, in transitioning such Services to Recipient or to any third party service provider designated by Recipient. 

Section 3.03 Consents. Provider will take commercially reasonable efforts to obtain, and to keep and maintain in effect, any third
party licenses and consents necessary to provide the Services (the “Consents”). The costs relating to obtaining any such licenses or Consents obtained solely for the benefit of Recipient shall be borne by Recipient; provided,
however, that Provider shall not incur any such costs that are not contemplated by Schedule A or consistent with historical practice of the Parties without the prior written consent of Recipient. If any such Consent is not
obtained or maintained despite using commercially reasonable efforts to do so, Provider shall promptly notify Recipient in writing, and (i) Provider shall not be obligated under this Agreement to provide Recipient access to or use of any third party
software or services requiring such Consents or to provide any Services dependent upon such Consents until such Consents are obtained or maintained, and (ii) the Parties will reasonably cooperate with one another to achieve a reasonable alternative
arrangement with respect thereto as necessary. 
 ARTICLE IV 

CONFIDENTIALITY 
 Section 4.01
Recipient Confidential Information. From and after the Effective Date, subject to Section 4.03, and except as contemplated by or otherwise provided for under this Agreement or the Separation Agreement, Provider shall not, and shall
cause its Affiliates and its own and its Affiliates’ officers, directors, employees, and other agents and representatives, including attorneys, agents, customers, suppliers, contractors, consultants and other representatives or third parties
providing Services pursuant to this Agreement (collectively, “Representatives”), to not, directly or indirectly, disclose, reveal, divulge or communicate to any Person, other than to Recipient and its Affiliates (collectively, the
“Recipient Group”) and their respective Representatives, and to Provider and its Affiliates (collectively, the “Provider Group”) and their respective Representatives who reasonably need to know such information in
connection with the provision of Services under this Agreement and who are informed of their obligation to hold such information confidential to the same extent as is applicable to the Parties and in respect of whose failure to comply with such
obligations, Recipient will be responsible, or use or otherwise exploit for its own benefit or for the benefit of any third party (other than members of the Recipient Group), any Recipient Confidential Information (as defined below). 

For the purposes of this Agreement, “Group” shall mean the Provider Group or the Recipient Group, as the context requires. If
any disclosures are made by members of the Recipient Group to members of the Provider Group in connection with the provision of Services under this Agreement, then the Recipient Confidential Information so disclosed shall be used by the Provider
Group only as required to perform the Services or, if applicable, to the extent permitted by the Separation Agreement. Provider shall use the same degree of care to prevent and restrain the unauthorized use or disclosure of the Recipient
Confidential Information by any 

  
 5 

 
member of the Provider Group or its Representatives as it uses for its own confidential information of a like nature, but in no event less than a reasonable standard of care. For purposes of
this Agreement, any information, material or documents relating to the businesses currently or formerly conducted, or proposed to be conducted, by the Recipient Group that is furnished to, or in possession of, any member of the Provider Group, in
each case in connection with the Services provided under this Agreement and irrespective of the form of communication, and all notes, analyses, compilations, forecasts, data, translations, studies, memoranda or other documents prepared by members of
the Provider Group, that contain, or otherwise reflect, such information, material or documents is hereinafter referred to as “Recipient Confidential Information.” Recipient Confidential Information does not include, and there shall
be no obligation hereunder, with respect to information that (i) is or becomes generally available to the public, other than as a result of a disclosure by a member of the Provider Group or its Representatives not otherwise permissible hereunder,
(ii) Provider can demonstrate was or became available to the Provider Group from a source other than the Recipient Group or its Representatives, or (iii) is developed independently by the Provider Group without reference to the Recipient
Confidential Information; provided, however, that, in the case of clause (ii), the source of such information was not known by Provider to be bound by a confidentiality or non-disclosure
agreement with, or other contractual, legal or fiduciary obligation of confidentiality to, any member of the Recipient Group with respect to such information. 

Section 4.02 Provider Confidential Information. From and after the Effective Date, subject to Section 4.03, and except as
contemplated by or otherwise provided for under this Agreement or the Separation Agreement, Recipient shall not, and shall cause the members of the Recipient Group and their respective Representatives to not, directly or indirectly, disclose,
reveal, divulge or communicate to any Person other than members of the Provider Group and its Representatives, or members of the Recipient Group and its Representatives, who reasonably need to know such information in connection with the receipt of
Services under this Agreement and who are informed of their obligation to hold such information confidential to the same extent as is applicable to the Parties and in respect of whose failure to comply with such obligations, Provider will be
responsible, or use or otherwise exploit for its own benefit or for the benefit of any third party (other than members of the Provider Group), any Provider Confidential Information (as defined below). If any disclosures are made by members of
the Provider Group to members of the Recipient Group in connection with the provision of Services under this Agreement, then the Provider Confidential Information (as defined below) so disclosed shall be used by the Recipient Group only as required
to receive the Services or, if applicable, to the extent permitted by the Separation Agreement. Recipient shall use the same degree of care to prevent and restrain the unauthorized use or disclosure of the Provider Confidential Information by
any member of the Recipient Group or its Representatives as it uses for its own confidential information of a like nature, but in no event less than a reasonable standard of care. 

For purposes of this Agreement, any information, material or documents relating to the businesses currently or formerly conducted, or proposed
to be conducted, by the Provider Group that is furnished to, or in possession of, any member of the Recipient Group, in each case in connection with the Services provided under this Agreement and irrespective of the form of communication, and all
notes, analyses, compilations, forecasts, data, translations, studies, memoranda or other documents prepared by members of the Recipient Group, that contain, or otherwise reflect, such information, material or documents, is hereinafter referred to
as “Provider  

  
 6 

 
Confidential Information,” and, together with the Recipient Confidential Information, “Confidential Information.” Provider Confidential Information does not include,
and there shall be no obligation hereunder with respect to, information that (i) is or becomes generally available to the public, other than as a result of a disclosure by any member of the Recipient Group or its Representatives not otherwise
permissible hereunder, (ii) Recipient can demonstrate was or became available to the Recipient Group from a source other than the Provider Group or its Representatives, or (iii) is developed independently by the Recipient Group without reference to
the Provider Confidential Information; provided, however, that, in the case of clause (ii), the source of such information was not known by Recipient to be bound by a confidentiality or non-disclosure agreement with, or other
contractual, legal or fiduciary obligation of confidentiality to, any member of the Provider Group with respect to such information. 

Section 4.03 Required Disclosure. Notwithstanding anything to the contrary in Sections 4.01 and 4.02, in the event that
any demand or request for disclosure of Confidential Information is made by judicial or administrative process or by other requirements of Law, the Party requested to disclose Confidential Information concerning a member of the other Group shall (to
the extent not prohibited by judicial or administrative process or by other requirements of Law) promptly notify such member of the other Group of the existence of such request or demand and, to the extent commercially practicable, shall provide
such member of the other Group thirty (30) days (or such lesser period as is commercially practicable) to seek an appropriate protective order or other remedy, which the Parties will, at the expense of the requesting Party, cooperate in obtaining.
In the event that such appropriate protective order or other remedy is not obtained, the Party that is required to disclose Confidential Information about a member of the Group shall furnish, or cause to be furnished, only that portion of the
Confidential Information that is legally required to be disclosed and shall use commercially reasonable efforts to ensure that confidential treatment is accorded such information. 

Section 4.04 Return or Destruction of Confidential Information. Upon the written request of a Party or a member of its Group, except as
contemplated by or otherwise provided for under the Separation Agreement, the other Party shall take, and shall cause the applicable members of its Group to take, reasonable steps to promptly (a) deliver to the requesting Person all original copies
of Confidential Information (whether written or electronic) concerning the requesting Person or any member of its Group that is in the possession of the other Party or any member of its Group and (b) if specifically requested by the requesting
Person, destroy any copies of such Confidential Information (including any extracts therefrom), unless such delivery or destruction would violate any Law; provided, however, that if Recipient requests that Provider return or destroy
Confidential Information concerning Recipient or any member of the Recipient Group, then Provider shall not be required to continue providing any Services to the extent Provider’s ability to provide such Services is negatively impacted by its
failure to no longer have possession of such Confidential Information. Upon the written request of the requesting Person, the other Party shall, or shall cause another member of its Group to cause, its duly authorized officers to certify in writing
to the requesting party that the requirements of the preceding sentence have been satisfied in full. 

  
 7 

 ARTICLE V 

INTELLECTUAL PROPERTY 
 Section
5.01 Recipient Intellectual Property. Except as otherwise agreed by the Parties, all data, software, or other property or assets owned or created by Recipient, including, without limitation, derivative works thereof, and new data or software
created by Recipient at Recipient’s expense, in connection with its receipt of Services and all intellectual property rights therein (the “Recipient Property”), shall remain the sole and exclusive property and responsibility of
Recipient. Provider shall not acquire any rights in any Recipient Property pursuant to this Agreement. 
 Section 5.02 Provider
Intellectual Property. Except as otherwise agreed by the Parties, all data, software or other property or assets owned or created by Provider, including, without limitation, derivative works thereof, and new data or software created by Provider
at Provider’s expense, in connection with the provision of Services and all intellectual property rights therein (the “Provider Property”), shall be the sole and exclusive property and responsibility of Provider. Recipient
shall not acquire any rights in any Provider Property pursuant to this Agreement. 
 ARTICLE VI 

LIMITED LIABILITY AND INDEMNIFICATION 

Section 6.01 Consequential and Other Damages. Notwithstanding anything to the contrary contained in the Separation Agreement or this
Agreement, no member of either Group or their Representatives shall be liable to any member of the other Group or its Representatives, whether in contract, tort (including negligence and strict liability) or otherwise, at law or equity, for any
special, indirect, incidental, punitive or consequential damages whatsoever (including lost profits or damages calculated on multiples of earnings approaches), which in any way arise out of, relate to or are a consequence of, the performance or
nonperformance of any Services under this Agreement, including with respect to business interruptions or claims of customers. 
 Section
6.02 Limitation of Liability. Subject to any obligations to reperform any Services as set forth in Section 6.03, the maximum amount of the Losses of each member of the Provider Group and its Representatives, collectively, under this
Agreement for any act or failure to act in connection herewith (including the performance or breach of this Agreement), or from the sale, delivery, provision or use of any Services provided under or contemplated by this Agreement, whether in
contract, tort (including negligence and strict liability) or otherwise, shall not exceed the total aggregate Service Fees (excluding any Expenses or other third-party costs) actually paid to Provider by Recipient pursuant to this Agreement. 

Section 6.03 Obligation To Reperform; Liabilities. In the event of any breach of this Agreement by any member of the
Provider Group (or any third parties providing Services under this Agreement) with respect to the provision of any Services (with respect to which the Provider can reasonably be expected to reperform in a commercially reasonable manner), the
Provider shall (a) promptly correct or cause to be corrected in all material respects such error, defect or breach or reperform in all material respects such Services at the request of Recipient and at the sole cost and expense of the Provider and
(b) subject to the limitations set forth in Sections 6.01 and 6.02, reimburse Recipient for Liabilities attributable to such breach by such member of the 

  
 8 

 
Provider Group (or any third parties providing Services under this Agreement). The remedy set forth in this Section 6.03 shall be the sole and exclusive remedy of Recipient for any such
breach of this Agreement. Any request for reperformance in accordance with this Section 6.03 by Recipient must be in writing and specify in reasonable detail the particular breach, and such request must be made no more than one (1) month from
the date such breach occurred. 
 Section 6.04 Release and Recipient Indemnity. Subject to Section 6.01, Recipient, on behalf
of itself and its Affiliates, Representatives or other Persons using such Services, hereby releases each member of the Provider Group and its Representatives (each, a “Provider Indemnified Party”), and Recipient hereby agrees to
indemnify, defend and hold harmless each such Provider Indemnified Party from and against any and all Losses arising from, relating to or in connection with the use of any Services by Recipient or any of its Affiliates, Representatives or other
Persons using such Services, except to the extent such Losses arise out of, relate to or are a consequence of Provider’s recklessness or willful misconduct. 

Section 6.05 Provider Indemnity. Subject to Section 6.01, Provider hereby agrees to indemnify, defend and hold harmless each
member of the Recipient Group and its Representatives (each a “Recipient Indemnified Party”), from and against any and all Losses arising from, relating to or in connection with the sale, delivery, provision or use of any Services
provided under or contemplated by this Agreement to the extent that such Losses arise out of, relate to or are a consequence of Provider’s recklessness or willful misconduct. 

Section 6.06 Indemnification Procedures. The provisions of Section 9.4 of the Separation Agreement shall govern claims for
indemnification under this Agreement. 
 Section 6.07 Liability for Payment Obligations. Nothing in this Article VI shall be
deemed to eliminate or limit, in any respect, Recipient’s express obligation to pay the Service Fees, Expenses and other amounts in accordance with this Agreement. 

Section 6.08 Exclusion of Other Remedies. Except for the provisions of Section 2.06(b), Sections 6.03, 6.04,
6.05 and 6.06 of this Agreement shall be the sole and exclusive remedies of the Provider Indemnified Parties and the Recipient Indemnified Parties, as applicable, for any Losses arising pursuant to this Agreement. 

ARTICLE VII 
 INDEPENDENT
CONTRACTOR 
 In performing the Services hereunder, each Group shall operate as, and have the status of, an independent contractor. No
Party’s employees shall be considered employees or agents of the other Party, nor shall the employees of either Party be eligible or entitled to any benefits, perquisites, or privileges given or extended to any of the other Party’s
employees. Nothing contained in this Agreement shall be deemed or construed to create a joint venture or partnership between the Parties. No Party shall have any power or authority to bind or commit any other Party. 

  
 9 

 ARTICLE VIII 

COMPLIANCE WITH LAWS 
 In the
performance of its duties and obligations under this Agreement, each Party shall comply with all applicable laws. The Parties shall cooperate fully in obtaining and maintaining in effect all permits and licenses that may be required for the
performance of the Services. 
 ARTICLE IX 

TERM AND TERMINATION 
 Section
9.01 Term.
 (a) The term of this Agreement shall commence on the Effective Date and end on December 31, 2016 (the
“Termination Date”), or such earlier date, if any, upon which this Agreement is terminated in accordance with Section 9.02. 

Section 9.02 Termination of this Agreement. This Agreement may be terminated:

(a) by the written agreement of the Parties; 

(b) by Provider in the event that it delivers a Suspension Notice to Recipient and suspends delivery of a Service in accordance with
Section 2.06(a), and such Suspension Notice is not satisfied within thirty (30) days of the date of delivery of such Suspension Notice; 

(c) by either Party upon a material breach (other than non-payment of Service Fees or Expenses) by the other Party that is not cured (or
reperformed in accordance with Section 6.03) within thirty (30) days after delivery of written notice of such breach from the non-breaching Party; 

(d) by either Party in the event that the other Party shall (i) file a petition in bankruptcy, (ii) become or be declared insolvent, or become
the subject of any proceedings (not dismissed within sixty (60) calendar days) related to its liquidation, insolvency or the appointment of a receiver, (iii) make an assignment on behalf of all or substantially all of its creditors, (iv) take any
corporate action for its winding up or dissolution; 
 (e) by either Party, upon a Change in Control (as defined below) of the other Party.
For the purposes of this Agreement, “Change in Control” shall mean, with respect to a Party, the occurrence after the Effective Time of any of the following: (i) the sale, conveyance or disposition, in one or a series of related
transactions, of all or substantially all of the assets of such Party and its Group (taken as a whole) to a third party that is not a member of such Party’s Group prior to such transaction or the first of such related transactions; (ii) the
consolidation, merger or other business combination of a Party with or into any other Person, immediately following which the then-current shareholders of the Party, as such, fail to own, in the aggregate, at least majority voting power of the
surviving Party in such consolidation, merger or business combination, or of its ultimate publicly held parent; (iii) a transaction or series of transactions in which any Person or “group” (as the term “group” is used in Sections
13(d) and 14(d) of the United States Securities Exchange Act of 1934, as amended, together with the rules and regulations promulgated thereunder) acquires majority voting power of such Party (other than a

  
 10 

 
reincorporation or similar corporate transaction in which each of such Party’s shareholders owns, immediately thereafter, interests in the new parent company in substantially the same
percentage as such shareholder owned in such Party immediately prior to such transaction); or (iv) a majority of the board of directors of such Party ceases to consist of individuals who have become directors as a result of being nominated or
elected by a majority of such Party’s directors; 
 (f) by either Party if all of the Services have been terminated early in accordance
with Section 1.03(b); or 
 (g) by Recipient by giving Provider not less than thirty (30) days’ prior written
notice. 
 Section 9.03 Effect. In the event of termination of this Agreement in its entirety pursuant to this
Article IX, or upon the Termination Date, this Agreement shall cease to have further force or effect, and neither Party shall have any liability to the other Party with respect to this Agreement; provided that: 

(a) termination or expiration of this Agreement for any reason shall not release a Party from any liability or obligation, including the
requirement to pay Service Fees or Expenses, that already has accrued as of the effective date of such termination or expiration, and shall not constitute a waiver or release of, or otherwise be deemed to adversely affect, any rights, remedies or
claims which a Party may have hereunder at law, equity or otherwise or which may arise out of or in connection with such termination or expiration; 

(b) as promptly as practicable, following termination of this Agreement in its entirety or with respect to any Service to the extent
applicable, and the payment by Recipient of all amounts owing hereunder, Provider shall return all reasonably available material, inventory and other property of Recipient held by Provider, and shall deliver copies of all of Recipient’s records
maintained by Provider with regard to the Services in Provider’s standard format and media. Provider shall deliver such property and records to such location or locations, as reasonably requested by Recipient. Arrangements for shipping,
including the cost of freight and insurance, and the reasonable cost of packing incurred by Provider shall be borne by Recipient; and 
 (c)
Articles IV, V, VI, VII, X and XI, and this Section 9.03, shall survive any termination or expiration of this Agreement and remain in full force and effect. 

ARTICLE X 
 DISPUTE RESOLUTION 

Section 10.01 Dispute Resolution. The provisions of Sections 10.1 – 10.3 of the Separation Agreement shall apply, mutatis
mutandis, to all disputes, controversies or claims (whether arising in contract, tort or otherwise) that may arise out of or relate to, or arise under or in connection with this Agreement or the transactions contemplated hereby. 

Section 10.02 Waiver of Jury Trial. EACH PARTY IRREVOCABLY AND ABSOLUTELY WAIVES THE RIGHT TO A TRIAL BY JURY IN ANY SUIT, ACTION OR
PROCEEDING BROUGHT BY A PARTY TO COMPEL THE DISPUTE RESOLUTION 

  
 11 

 
PROCEDURES PROVIDED IN THIS ARTICLE X AND THE ENFORCEMENT OF ANY AWARDS OR DECISION OBTAINED FROM SUCH ARBITRATION PROCEEDING, AND AGREES TO TAKE ANY AND ALL ACTION NECESSARY OR
APPROPRIATE TO EFFECT SUCH WAIVER. 
 ARTICLE XI 

MISCELLANEOUS 
 Section 11.01
Further Assurances. From time to time, each Party agrees to execute and deliver such additional documents, and will provide such additional information and assistance as either Party may reasonably require to carry out the terms of this
Agreement.
 Section 11.02 Amendments and Waivers. 

(a) No provision of this Agreement, including Schedule A, may be amended except by an agreement in writing signed by both Parties. 

(b) Any term or provision of this Agreement may be waived, or the time for its performance may be extended, by the Party or the Parties
entitled to the benefit thereof. Any such waiver shall be validly and sufficiently given for the purposes of this Agreement if, as to any Party, it is executed by a writing signed by an authorized representative of such Party. Waiver by any Party of
any default by the other Party of any provision of this Agreement shall not be construed to be a waiver by the waiving Party of any subsequent or other default, nor shall it in any way affect the validity of this Agreement or prejudice the rights of
the other Party, thereafter, to enforce each and every such provision. No failure or delay by any Party in exercising any right, power or privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise thereof
preclude any other or further exercise thereof, or the exercise of any other right, power or privilege. The rights and remedies hereunder are cumulative and not exclusive of any rights or remedies that either Party would otherwise have. 

Section 11.03 Entire Agreement. This Agreement and Schedule A hereto, as well as any other agreements and documents referred to
herein (including the Separation Agreement and the agreements contemplated thereby, to the extent applicable), constitute the entire agreement between the Parties with respect to the subject matter hereof, and supersede all previous agreements,
negotiations, discussions, understandings, writings, commitments and conversations between the Parties with respect to such subject matter. No agreements or understandings exist between the Parties with respect to the subject matter hereof
other than those set forth or referred to herein. 
 Section 11.04 Third Party Beneficiaries. Except for the indemnification
provisions in Article VI, this Agreement is for the sole benefit of the Parties and their successors and assigns, and nothing herein, express or implied, is intended to or shall confer upon any other Person or entity any
legal or equitable right, benefit or remedy of any nature whatsoever, under or by reason of this Agreement. 
 Section 11.05 Notices.
All notices, demands and other communications required to be given to a Party hereunder shall be in writing and shall be personally delivered, sent by a nationally recognized overnight courier, or mailed by registered or certified mail (postage 

  
 12 

 
prepaid, return receipt requested) to such Party at the relevant street address set forth below (or at such other street address as such Party may designate from time to time by written notice in
accordance with this provision): 
 If to Provider, to: 

InvenTrust Properties Corp. 

2809 Butterfield Road 
 Oak Brook,
Illinois 60523 
 Attention: Secretary and General Counsel 

If to Recipient, to: 
 Highlands
REIT, Inc. 
 332 S Michigan Ave, Ninth Floor 

Chicago, Illinois 60604 

Attention: President and Chief Executive Officer 

Notice by courier or certified or registered mail shall be effective on the date it is officially recorded as delivered to the intended
recipient by return receipt or similar acknowledgment. All notices and communications delivered in person shall be deemed to have been delivered to and received by the addressee, and shall be effective, on the date of personal delivery.

Section 11.06 Counterparts; Electronic Delivery. This Agreement may be executed in one or more counterparts, each of which, when so
executed and delivered or transmitted by facsimile, e-mail or other electronic means, shall be deemed to be an original, and all of which taken together shall constitute but one and the same instrument. Execution and delivery of this Agreement
or any other documents pursuant to this Agreement by facsimile or other electronic means shall be deemed to be, and shall have the same legal effect as, execution by an original signature and delivery in person. 

Section 11.07 Severability. If any term or other provision of this Agreement or the Schedules attached hereto or thereto is determined
by a nonappealable decision by a court, administrative agency or arbitrator to be invalid, illegal or incapable of being enforced by any rule of law or public policy, all other conditions and provisions of this Agreement shall nevertheless remain in
full force and effect so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to either Party. Upon such determination that any term or other provision is invalid, illegal
or incapable of being enforced, the court, administrative agency or arbitrator shall interpret this Agreement so as to affect the original intent of the Parties as closely as possible in an acceptable manner to the end that the transactions
contemplated hereby are fulfilled to the fullest extent possible. If any sentence in this Agreement is so broad as to be unenforceable, the provision shall be interpreted to be only as broad as is enforceable. 

Section 11.08 Assignability. This Agreement shall be binding upon and inure to the benefit of the Parties, and their respective
successors and permitted assigns; provided, however, 

  
 13 

 
that, except as provided in Section 1.04 and other provisions herein allowing Provider to delegate its obligations hereunder to third parties, no Party may assign, delegate or transfer (by
operation of law or otherwise) its respective rights, or delegate its respective obligations, under this Agreement without the express prior written consent of the other Party. Notwithstanding the foregoing, either Party may assign its rights
and obligations under this Agreement to (i) any member of such Party’s Group; provided, however, that each Party shall at all times remain liable for the performance of its obligations under this Agreement by any such Group
member, or (ii), subject to Provider’s right to terminate this Agreement pursuant to Section 9.01(e) hereof, any successor by merger, consolidation, reorganization, recapitalization, acquisition or person acquiring all or substantially
all of the assets of such Party pursuant to a Change of Control, provided, however, that such successor shall assume all obligations of such under this Agreement. Any attempted assignment or delegation in violation of this
Section 11.08 shall be null and void. 
 Section 11.09 Governing Law; Disputes. This Agreement, and the
legal relations between the Parties hereto, shall be governed by and construed in accordance with the laws of the State of Maryland, without regard to the conflict of laws rules thereof, to the extent such rules would require the application of the
law of another jurisdiction. Except as provided in and subject to Article X, each Party (a) irrevocably and unconditionally agrees that it will not commence any action, litigation or proceeding of any kind whatsoever against any other Party
in any way arising from or relating to an Agreement Dispute, in any forum other than the Circuit Court for Baltimore City, Maryland, or, if that Court does not have subject matter jurisdiction, the United States District Court for the District of
Maryland, Baltimore Division, and any appellate court from any thereof, (b) irrevocably and unconditionally submits to the exclusive jurisdiction of such courts and (c) waives and agrees not to assert any defense challenging the personal
jurisdiction of such courts, the venue of such courts, or the convenience of such forum. 
 Section 11.10 Disclaimer of Representations
and Warranties.
 (a) It is understood and agreed that the employees of Provider and the other members of the Provider Group performing
the Services are not professional providers to third parties of the types of services included in the Services and that some or all of the Provider Group employees performing Services may have other responsibilities and may not be dedicated
full-time to performing Services hereunder. EXCEPT FOR THE REPRESENTATIONS, WARRANTIES AND COVENANTS EXPRESSLY MADE IN THIS AGREEMENT, PROVIDER HAS NOT MADE, AND DOES NOT HEREBY MAKE, ANY EXPRESS OR IMPLIED REPRESENTATIONS, WARRANTIES OR
COVENANTS, STATUTORY OR OTHERWISE, OF ANY NATURE, INCLUDING WITH RESPECT TO THE WARRANTIES OF MERCHANTABILITY, NON-INFRINGEMENT, QUALITY, QUANTITY, SUITABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE. ALL OTHER REPRESENTATIONS, WARRANTIES,
AND COVENANTS, EXPRESS OR IMPLIED, STATUTORY, COMMON LAW OR OTHERWISE, OF ANY NATURE, INCLUDING WITH RESPECT TO THE WARRANTIES OF MERCHANTABILITY, QUALITY, QUANTITY, SUITABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE ARE HEREBY DISCLAIMED. 

(b) Without limiting the generality of any other provision hereof, it is not the intent of any member of the Provider Group (or their
Affiliates) to render professional advice or 

  
 14 

 
opinions, whether with regard to tax, legal, treasury, finance, intellectual property, employment or other matters; Recipient shall not rely on any Service provided by (or caused to be provided
by) Provider for such professional advice or opinions; and notwithstanding Recipient’s receipt of any proposal, recommendation or suggestion in any way relating to tax, legal, treasury, finance, intellectual property, employment or any other
subject matter, Recipient shall seek all third-party professional advice and opinions as it may desire or need; and, with respect to any software or documentation provided in connection with the Services, Recipient shall use such software and
documentation internally and for their intended purpose only, shall not distribute, publish, transfer, sublicense or in any manner make such software or documentation available to other organizations or persons, and shall not act as a service bureau
or consultant in connection with such software. 
 (c) A material inducement to the provision of Services is the limitation of liability,
damages and recourse set forth herein and the release and indemnity provided by Recipient. 
 Section 11.11 Force Majeure.

(a) Neither Party (nor any Person acting on its behalf) shall have any liability or responsibility for failure to fulfill any obligation
(other than a payment obligation) under this Agreement so long as, and to the extent to which, the fulfillment of such obligation is prevented, frustrated, hindered or delayed as a consequence of circumstances of Force Majeure; provided that
(i) such Party (or such Person) shall have exercised commercially reasonable efforts to minimize the effect of Force Majeure on its obligations, and (ii) the nature, quality and standard of care that Provider shall provide in delivering a
Service after a Force Majeure shall again comply with Section 1.02. In the event of an occurrence of a Force Majeure, the Party whose performance is affected thereby shall give notice of suspension as soon as
reasonably practicable to the other stating the date and extent of such suspension and the cause thereof, and such Party shall resume the performance of such obligations as soon as reasonably practicable after the removal of such cause. 

(b) During the period of a Force Majeure impacting Provider, Recipient shall be entitled to seek an alternative service provider with respect
to such Service(s) (and shall be relieved of the obligation to pay Service Fees for such Service(s) throughout the duration of such Force Majeure) and shall be entitled to permanently terminate such Service(s) if a Force Majeure shall
continue to exist for more than sixty (60) consecutive days, it being understood that Recipient shall provide advance notice of such termination to Provider. 

(c) For purposes of this Agreement “Force Majeure” means with respect to a Party, an event beyond the control of such Party
(or any Person acting on its behalf), which by its nature could not have been reasonably foreseen by such Party (or such Person), or, if it could have been reasonably foreseen, was unavoidable, and includes acts of God, storms, floods, riots, fires,
sabotage, civil commotion or civil unrest, interference by civil or military authorities, acts of war (declared or undeclared) or armed hostilities or other national or international calamity or one or more acts of terrorism or failure of energy
sources or distribution facilities. Notwithstanding the foregoing, the receipt by a Party of an unsolicited takeover offer or other acquisition proposal, even if unforeseen or unavoidable, and such Party’s response thereto shall not be deemed
an event of Force Majeure. 

  
 15 

 Section 11.12 Construction and Interpretation. 

(a) This Agreement shall be construed as if jointly drafted by the Parties and no rule of construction or strict interpretation shall be
applied against either Party. The Parties represent that this Agreement is entered into with full consideration of any and all rights which the Parties may have. The Parties have relied upon their own knowledge and judgment. The Parties have
conducted such investigations they thought appropriate, and have consulted with such advisors as they deemed appropriate regarding this Agreement and their rights and asserted rights in connection therewith. The Parties are not relying upon any
representations or statements made by the other Party, or such other Party’s employees, agents, representatives or attorneys, regarding this Agreement, except to the extent such representations are expressly set forth or incorporated in this
Agreement. The Parties are not relying upon a legal duty, if one exists, on the part of the other Party (or such other Party’s employees, agents, representatives or attorneys) to disclose any information in connection with the execution of this
Agreement or their preparation, it being expressly understood that neither Party shall ever assert any failure to disclose information on the part of the other Party as a ground for challenging this Agreement. 

(b) If there is any conflict between the provisions of this Agreement and the Separation Agreement, the provisions of this Agreement shall
control (but only with respect to the subject matter hereof) unless explicitly stated otherwise herein. If there is any conflict between the provisions of the main body of this Agreement and any Schedule to this Agreement, the provisions of the
main body of this Agreement shall control unless explicitly stated otherwise herein. 
 (c) References in this Agreement to any gender
include references to all genders, and references to the singular include references to the plural and vice versa. Unless the context otherwise requires, the words “include,” “includes” and “including” when used in this
Agreement shall be deemed to be followed by the phrase “without limitation.” Unless the context otherwise requires, references in this Agreement to Articles and Sections shall be deemed references to Articles and Sections of this
Agreement. Unless the context otherwise requires, the words “hereof,” “hereby” and “herein” and words of similar meaning when used in this Agreement refer to this Agreement in its entirety and not to any particular
Article, Section or provision of this Agreement. 
 Section 11.13 Titles and Headings. Titles and headings to Sections and Articles
are inserted for the convenience of reference only and are not intended to be a part of or to affect the meaning or interpretation of this Agreement. 

Section 11.14 Schedules. The Schedules attached hereto are incorporated herein by reference and shall be construed with and as an
integral part of this Agreement to the same extent as if the same had been set forth verbatim herein. 
 Section 11.15 Specific
Performance. Subject to the provisions of Article X, from and after the Distribution, in the event of any actual or threatened default in, or breach of, any of the 

  
 16 

 
terms, conditions and provisions of this Agreement, the Parties agree that the Party to this Agreement who is or is to be thereby aggrieved shall have the right to seek specific performance and
injunctive or other equitable relief of its rights 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, from and after the
Distribution, the remedies at Law for any breach or threatened breach of this Agreement, including monetary damages, may be inadequate compensation for any loss, 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. 
 Section
11.16 Limited Liability. Notwithstanding any other provision of this Agreement, no individual person performing the Services or other individual who is a shareholder, director, employee, officer, agent or representative of Provider or
Recipient, in such individual’s capacity as such, shall have any liability in respect of or relating to the covenants or obligations of Provider or Recipient, as applicable, under this Agreement or in respect of any certificate delivered with
respect hereto or thereto and, to the fullest extent legally permissible, each of Provider or Recipient, for itself and its respective Subsidiaries and its and their respective shareholders, directors, employees and officers, waives and agrees not
to seek to assert or enforce any such liability that any such Person otherwise might have pursuant to applicable law. 
 [SIGNATURES APPEAR
ON THE FOLLOWING PAGE] 

  
 17 

 IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be executed by their duly
authorized officers or representatives as of the date first written above. 
  

			
	INVENTRUST PROPERTIES CORP.
		
	By:	 	 /s/ Scott W. Wilton

		 	Name: Scott W. Wilton
		 	Title: Executive Vice President — General Counsel and Secretary
	
	HIGHLANDS REIT, INC.
		
	By:	 	 /s/ Richard Vance

		 	Name: Richard Vance
		 	Title: President and Chief Executive Officer

 Schedule A 

(See Attached)

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