Document:

Exhibit 10.20

 

MEMORANDUM OF UNDERSTANDING

 

This Memorandum of Understanding
(“MOU”) sets forth the mutual intent and agreement of

 

STMicroelectronics N.V. (“ST”),
a company organized and existing under the laws of The Netherlands, having its registered offices at WTC Schiphol Airport, Schiphol Boulevard
265, 1118 BH Schiphol Airport Amsterdam The Netherlands, acting through its Swiss branch, with a registered office at 39, chemin du Champ-des-Filles,
1228 Plan-les-Ouates, Geneva, Switzerland

 

and

 

Mobileye Technologies Limitied (“Mobileye”)
having offices at Julia House 3, Themistokli Dervis street, Nicosia, Cyprus.

 

Hereinafter individually called a “Party”
and collectively called the “Parties”

 

RECITALS

 

		A.	This MOU reflects the understandings reached by both parties on the terms and conditions of a cooperation which would include joint development and manufacturing of a product referred to as the “EyeQ2” and manufacturing services for an existing product referred to as the “EyeQ1”.

 

		B.	This MOU would be later replaced by a definitive agreement (the “Final Agreement”) which is anticipated to reflect more elaborately the terms agreed upon in the MOU and add missing items when necessary. In case of possible conflict on items that have been agreed upon in this MOU, the MOU interpretation would be prevail.

 

AGREEMENT

 

The negotiation points below represent issues
that have been discussed by the Parties and are to be used as a basis for preparing the Final Agreement.

 

		1.0	Manufacturing Service Obligations for EyeQ1.

 

As requested by Mobileye, ST is available to assume
the manufacturing services for the EyeQ1 device currently manufactured in TSMC.

 

Mobileye would provide free of charge to ST the
EyeQ1 mask set to allow ST to have the device produced by TSMC.

 

	 	1.1	Additionally, ST will assume the assembly and test services for the EyeQ1 device using the test programs written by Mobileye and agreed between the Parties in advance of testing.

 

	 	1.2	Mobileye would perform qualification tests for the EyeQ1 in order the device to meet automotive qualification following the AEC-Q100 rev. F. In the event of any deficiencies in the qualification, ST will work with Mobileye to address any gaps in the EyeQ1.

 

	 	1.3	ST would perform a test program review and acceptance of the existing EyeQ1 test program procedure.

 

	 	1.4	ST would sell the EyeQ1 to Mobileye with an appropriate warranty that is consistent with the following points:

 

     

     

    

 

	 	1.4.1	Mobileye will be responsible for all product failures that are a result of the product not meeting the EyeQ1 specification including design and mask errors.

 

	 	1.4.2	ST will be responsible for failures due to manufacturing, testing and assembly.

 

	 	1.4.3	ST will be responsible for failure analysis and ongoing improvements of test program, to be agreed between the Parties.

 

	 	1.5	EyeQ1 responsibility handover would be completed by end of 2005.

 

		2.0	Development Activities for EyeQ2.

 

EyeQ2 is a custom product intended for
automotive image recognition systems. Block diagrams are outlined in Appendix A.

 

Mobileye will be principally responsible
for the design of EyeQ2. ST is available to support Mobileye in the form of specific IP delivery, including standard cell libraries and
memory compilers. ST is also available to provide assistance in design for test and design for manufacturability. More specifically, Mobileye
and ST intend to work together to develop the EyeQ2 following the business scheme below:

 

ST Duties. And Mobileye Duties, Technical
responsibilities and Schedule are defined in the APPENDIX A

 

		3.0	Product Exclusivity.

 

	 	3.1	Both the EyeQ1 and EyeQ2 are products that are specifically for Mobileye.

 

	 	3.2	Mobileye is partnering exclusively with ST on the EyeQ1 and EyeQ2.

 

		4.0	Support of Technical Issues.

 

	 	4.1	If products fail to perform to applicable specifications, the products will be returned via a FAR (Failure Analysis Request). As required for practical reasons by Mobileye, ST systems will accommodate a service for issuing Failure Analysis to Mobileye’s end customers directly after having informed in writing Mobileye of the results of the FAR. Mobileye expressly agrees to automatically accept any FAR issued by ST.

 

A FAR may or may not result in a Return
Material Authorization (RMA),

 

	 	4.2	ST will perform initial failure analysis on products returned from Mobileye’s end customers, in accordance with the FAR process set forth above. 8D reports will be created as appropriate and will be provided to Mobileye and Mobileye’s end customers; Mobileye expressly agrees to automatically accept any 8D issued by ST.

 

Mobileye and will assist as required for
application related problems, including providing application boards and consultation for the failure analysis team.

 

	 	4.3	Applications support and technical assistance are the responsibility of Mobileye.

 

		5.0	CONFIDENTIALITY

 

For the purpose of this article 5.0,
Confidential Information shall mean any information disclosed by either party (“the Discloser”) to the other (“the Recipient”)
in pursuance of this agreement.

 

     

     

    

 

Confidential Information in tangible
form will be marked by the Discloser with a legend identifying it as “CONFIDENTIAL” and Confidential Information disclosed
verbally or by demonstration will be identified as confidential at the time of disclosure, and summarized in a written document that is
sent to the Recipient of the Confidential Information within thirty (30) days after the disclosure.

 

Each Party undertakes to use the same
degree of care as it uses with respect its own information of a similar nature to avoid disclosing the Confidential Information received
from the other Party unless the Discloser previously consented in writing to such disclosure.

 

This undertaking will not apply to any
information that:

 

	 	(a)	is in the public domain at the time of disclosure to the Recipient or, thereafter enters the public domain without breach of the terms of this Agreement;

 

	 	(b)	is already known by the Recipient at the time of disclosure;

 

	 	(c)	is subsequently developed by or on behalf of the Recipient independently of the Discloser’s Confidential Information;

 

	 	(d)	becomes known from a third party without breach of the terms of this Agreement.

 

ST and Mobileye shall not use the Confidential
Information for another or other purposes than for the joint development and manufacturing of “EyeQ2” and manufacturing services
for “EyeQ1”.

 

Either Party may disclose any Confidential
Information hereabove to its employees having the reasonable need for access to such Confidential Information in connection with or during
the performance of this Agreement and the Parties shall ensure that such employees comply with the provisions of this article.

 

ST reserves the right and Mobileye agrees
that ST may disclose the Confidential Information of Mobileye to any of the Affiliates on a “need to know” basis, and ST shall
ensure that such Affiliates comply with the provisions of this MOU.

 

		6.0	Intellectual Property Rights.

 

	 	6.1	Each Party will continue to own all background technology it brings to the relationship.

 

	 	6.2	Mobileye shall own all of the technologies developed solely by Mobileye and will have the right to modify, adapt, or extend them in any fashion it chooses.

 

	 	6.3	ST shall own all of the technologies developed solely by ST, ST and will have the right to modify, adapt, or extend them in any fashion it chooses.

 

	 	6.4	ST will grant Mobileye the necessary non-exclusive licenses to use the delivered ST IPs solely for the purpose of designing and selling the EyeQ2 product.

 

	 	6.5	Mobileye shall grant ST the necessary licenses for manufacturing and selling to Mobileye the EyeQ2 product.

 

		7.0	Publicity.

 

The Parties agree to issue a mutually
agreed upon press release related to the subject matter of the Final Agreement immediately after the signature of MOU.

 

     

     

    

 

		8.0	Sales.

 

	 	8.1	ST will ship the EyeQ1 and EyeQ2 directly to the end customer address as specified by Mobileye.

 

	 	8.2	Invoicing will be between end customer and Mobileye and between Mobileye and ST.

 

	 	8.3	ST will sell
    the EyeQ1 and EyeQ2 to Mobileye according to ST’s terms and conditions of sale (in particular with a 3 Years product warranty)
    that have to be compliant with the terms and conditions of sale of Mobileye versus its end customer. To remove doubt, ST’s
    terms and conditions should reflect the standard practice given by ST, on other similar ST products, to Mobileye’s end customers. In the event of a conflict
between the MOU and ST’s standard terms and conditions, the MOU shall prevail.

 

	 	8.4	EyeQ1 and EyeQ2 devices would bear the branding of both Parties.

 

	 	8.5	Mobileye will sell the EyeQ1 and EyeQ2 together with the Mobileye specific software to its end customers as Mobileye products under the terms and conditions established by Mobileye directly with its end customers. Mobileye is liable to its end customers for the products sold by Mobileye.

 

	 	8.6	The natural expiration of the Final. Agreement will not prevent Mobileye from purchasing products under ST’s standard terms and conditions of sale as consistent with Section 8.3.

 

	 	8.7	End of life initiated by ST without concurrence from Mobileye (referred to herein as a “unilateral” end of life) for EyeQ1 and EyeQ2 cannot occur within the first six (6) years from qualification.

 

	 	8.8	Termination of agreement prior to production of EyeQ1 and/or EyeQ2 will only be permitted for cause or for failure of EyeQ1 and/or EyeQ2 to meet technical feasibility criteria.

 

	 	8.9	In the event that ST issues a unilateral end-of-life notice for EyeQ1/EyeQ2, ST would transfer, free of charge, all the accumulated changes to the test program, burn-in boards, test boards, and qualification boards.

 

	 	8.10	In the event that ST issues a unilateral end-of-life notice for the EyeQ1 or EyeQ2, ST will provide the end-of-life notice under the following terms: provided that a three (3) years production warranty is in any way released to Mobileye, ST will provide three (3) years advance notice of end-of-life and ST will allow up to twelve (12) months for Mobileye to place orders following the expiration of the three (3) years notice, and twelve (12) months for Mobileye to take final delivery of the products. For clarification, a unilateral end-of-life would take effect no sooner than ten (10) years from qualification.

 

		9.0	Quality.

 

	 	9.1	ST would be accessible to Mobileye end customers and assist in responding to audits, and common quality reporting requests which are consistent with ST’s current practices. Mobileye may not contractually commit to audits of ST or ST’s manufacturing facilities without ST’s express written approval.

 

	 	9.2	ST will comply with ST’s automotive quality policies as expected by Mobileye’s end customers. Mobileye must manage end customer’s quality policies.

 

     

     

    

 

		10.0	Non-Competition

 

During the lifetime of this MOU and for eighteen
(18) months after termination or expiration of this MOU, ST shall not engage in the sale of a custom device, which is designed and marketed
as an application specific (ASIC) to one or more of the existing applications running on EyeQ1 or EyeQ2.

 

The exclusivity relation between the Parties assumes
the following: (1) ST shall actively promote EyeQ1 and EyeQ2 to its automotive customers by, among other things, including EyeQ1 and EyeQ2
in any materials (catalogues) it provides to customers on its future plans for automotive microprocessors; and (2) ST shall not develop
with another party a device for use in automotive specific image recognition applications equal or resembling to the specific applications
promoted by Mobileye on the EyeQ1 and EyeQ2 devices. If items (1) or (2) are violated then the exclusivity expires, however, this does
not constitute a cause for termination of the agreement.

 

		11.0	Various

 

If Mobileye ceases doing business or, in connection
with bankruptcy proceedings is no longer supplying the EyeQ1 or EyeQ2 to its customers directly, ST agrees that it shall accept purchase
orders from Mobileye customers authorized in writing (and in subject to such written authorization) to make such and for any then-existing
EyeQ1 and EyeQ2 products under the same terms and conditions applicable to purchase orders accepted from Mobileye in the immediately preceding
12 months, or if no purchase orders were accepted during such period, under commercially reasonable terms and conditions. ST agrees that
it shall execute any documents reasonably requested by Mobileye to evidence this obligation to customers.

 

Mobileye shall have the right to assign this MOU
in connection with a merger, corporate reorganization, acquisition, or sale of all or substantially all of the assets to which this MOU
pertains.

 

		1.	Cancellation issue:

 

Mobileye can cancel or reduce the amount of an
order before wafer start.

 

		2.	Conditions of payment:

 

Payment should be within 45 days of receipt of
invoice except as otherwise agreed in writing.

 

		12.0	NRE & Fees

 

The following outlines the fees that have been
discussed:

 

	 	·	$*** at contract signature for design libraries and basic IPs delivery.

 

	 	·	$*** at tapeout.

 

	 	·	$*** at first samples delivery.

 

	 	·	$*** would be deducted from the *** devices at $*** per unit.

 

     

     

    

 

		13.0	Budget Pricing: EyeQ1

 

	Volume	 	 	2006	 	 	2007	 	 	2008	 	 	2009	 	 	2010	 	 	2011	 
	***	 	 	***	 	 	***	 	 	***	 	 	***	 	 	***	 	 	***	 
	***	 	 	***	 	 	***	 	 	***	 	 	***	 	 	***	 	 	***	 
	***	 	 	***	 	 	***	 	 	***	 	 	***	 	 	***	 	 	***	 

 

These prices are based on the following assumptions:

 

***[10 LINES REDACTED]***

 

		14.0	Budget Pricing: EyeQ2

 

	Volume	 	 	2008	 	 	2009	 	 	2010	 	 	2011	 	 	2012	 
	***	 	 	***	 	 	***	 	 	***	 	 	***	 	 	***	 
	***	 	 	***	 	 	***	 	 	***	 	 	***	 	 	***	 
	***	 	 	***	 	 	***	 	 	***	 	 	***	 	 	***	 

 

These prices are based on the following assumptions:

 

***[7 LINES REDACTED]***

 

		15.0	Duration.

 

This MOU provides the guidelines for the Final
Agreement between the Parties. The MOU will be replaced by the Final Agreement which will contain more technical details about the technical
activities of both Parties and additional elaborations and appendices as required. Following the signature of this MOU both Parties would
immediately fix the necessary steps to start the cooperation.

 

		16.0	Disputes.

 

All disputes between the Parties in connection
to this MOU shall first be discussed in good faith between the Parties in order to try to find an amicable solution. If no solution can
be found to settle the dispute within 45 days after giving notice to the defaulting party, then the dispute will be submitted to the Court
of the jurisdiction of London, England. This agreement shall be governed by and construed in accordance with the laws of England.

 

All the above read, confirmed and signed.

 

	STMicroelectronics N.V.

 

	By:  Ugo Carena
	Title:  Corporate VP STMicroelectronics
	Signature:  /s/ Ugo Carena
	Date and place:  Agrate, October 28, 2005

 

     

     

    

 

	Mobileye Technologies Limitied
	 
	By:  Ziv Aviram
	Title:  President and CEO

Signature: /s/ Ziv Aviram 

November 2, 2005

 

	STM — ME Agreement appendix	28 October 2005
	 	 

 

***[APPENDIX
A TO THE MOU BETWEEN

MOBILEYE & ST MICROELECTRONICS ON EYEQ2 

ASIC (8 PAGES) REDACTED]***

 

Information contained in this document has been
prepared exclusively for the use of Mobileye & STMicroelectronics. The information contained herein may not be disclosed or duplicated
for others without proper authorization from Mobileye & STMicroelectronics

 

	From:	Ofer Maharshak
	Sent:	16:19 2010 [Hebrew text] 08 [Hebrew text]
	To:	Martin Russell DUNCAN
	Cc:	Amnon Shashua; Ziv Aviram; Mordehay CHOUCHAN; Elchanan Rushinek
	Subject:	RE:  EyeQ3 budgetary quotation
	 	 	 
	Tracking:	Recipient	Delivery
	 	Martin Russell DUNCAN	 
	 	Amnon Shashua	 
	 	Ziv Aviram	 
	 	Mordehay CHOUCHAN	 
	 	Elchanan Rushinek	Failed:  08/06/2010 16:19

 

Hi Martin,

 

Thank you for your prompt response.

 

Following an internal review we decided to accept
your offer. For the sake of minimizing possible mis-understanding please find below the terms as we understood them:

 

***[4 LINES REDACTED]***

 

3. EyeQ2 – prices will be adjusted as
follows:

 

	EyeQ2	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Accumulated from 1st unit	 	 	2010	 	 	2011	 	 	2012	 	 	2013	 	 	2014	 
	***	 	 	***	 	 	***	 	 	***	 	 	***	 	 	***	 
	***	 	 	***	 	 	***	 	 	***	 	 	***	 	 	***	 
	***	 	 	***	 	 	***	 	 	***	 	 	***	 	 	***	 
	***	 	 	***	 	 	***	 	 	***	 	 	***	 	 	***	 

 

     

     

    

 

All other business terms will be identical to
EyeQ1 and EyeQ2.

 

I suggest a simple addendum to reflect the above.

 

Martin - thank you very much for your support
and help during this period that enabled us to come to this point and continue our true partnership. I am confident that both companies
will benefit from this.

 

On behalf of Mobileye, Thank you and ST team!

 

Ofer.

 

 

Ofer Maharshak

Chief Financial Officer

Mobileye

P: +972 2 5417375

M: +972 54 4850289

 

  

From: Martin Russell DUNCAN [mailto:martin.duncan©st.com]

Sent: Tuesday, June 08, 2010 12:10 PM

To: ‘Martin Russell DUNCAN’; elchanan

Cc: Amnon Shashua; Ziv Aviram; Ofer Maharshak; ‘Mordehay CHOUCHAN’

Subject: RE: EyeQ3 budgetary quotation

 

Dear all,

 

I hope this is a little closer to your expectations
for the high volumes that we are envisaging. If you wish to discuss further, please do not hesitate to call me and I will make myself
available as I know this is very urgent to you.

 

***[22 LINES REDACTED]***

 

Best regards, Martin

 

     

     

    

 

Amendment 3 to the Memorandum of understanding

 

This Amendment to the Memorandum of Understanding
is made this day 2nd of April 2013 by and between:

 

STMicroelectronics International N.V., a
Dutch Corporation, with a Swiss Branch and its Headquarters located at 39, Chemin du Champ-des-Filles, Plan-les-Ouates, 1228 Geneva, Switzerland
(“ST”)

 

and

 

Mobileye Technologies Limited, having offices
at Julia House 3, Themistokli Dervis street, Nicosia, Cyprus (“Mobileye”)

 

hereinafter collectively “Parties”
and individually “Party”

 

Whereas

 

	 	·	on November 2, 2005 the Parties entered into a Memorandum of Understanding (“MOU”) reflecting the understandings of both Parties on a cooperation for the development and manufacturing of a product named “EyeQ2” and for manufacturing services for a product named “EyeQ1”;

 

	 	·	on October 26, 2006, the Parties signed an agreement implementing the MOU in relation to the costs connected to a new silicon revision of the “EyeQ1”, and granting to ST additional NRE fees;

 

	 	·	on December 3, 2009, the Parties signed an agreement revising the budget pricing related to the “ByeQ2”.

 

NOW THEREFORE, in consideration of the
recitals hereabove and subject to the terms, conditions and covenants set forth hereunder, ST and Mobileye agree as follows:

 

		1.	Definitions

 

All defined terms consisting of one or more words
bearing an initial capitalized letter used and not defined herein shall have the meanings assigned to them in the Agreement as amended
hereby.

 

		2.	Amendments

 

Section 15.0 of the MOU is hereby amended and
restated in its entirety and shall read as follows:

 

This MOU shall be legally binding on the Parties
and in force until the execution by the Parties of a “Final Agreement” (is defined in the MOU) or December 31, 2022 whichever
event occurs first”

 

		3.	General

 

		3.1	Entire Agreement

 

This Amendment acts forth the entire agreement
of the Parties hereto with respect to the matters coveted herein and, except as otherwise provided herein, supersedes, all prior
agreements, covenants, arrangements, communications, representations and warranties, whether oral or written by any officer,
employee or representative of any of either Party, it being acknowledged, however, that other than those sections specifically
amended in Article 2 herein, nothing in-this Amendment shall affect the validity and enforceability of the provisions of the
Agreement.

 

		3.2	Amendment

 

No amendment to any provision of this Amendment
shall be effective or binding on either of the Parties unless set forth in writing and executed by a duly authorized representative of
each Party.

 

     

     

    

 

		3.3	Severability

 

In case any provision in this Amendment shall
be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected
or impaired thereby. The invalidity, illegality or unenforceability of any provision in this Amendment in any jurisdiction shall not invalidate
or render illegal or unenforceable such provision in any other jurisdiction.

 

		3.4	Counterparts

 

This Amendment shall be executed in two counterparts,
each of which shall be deemed to be an original, and all shall constitute one and the same agreement.

 

		3.5	Governing Law and Dispute Resolution

 

This Amendment shall be governed by and interpreted
according to the terms and conditions set forth in Section 16.0 of the MOU.

 

All disputes arising out of or in connection with
this Amendment shall be finally settled according to the terms and conditions set forth in Section 16.0 of the MOU.

 

		4.	Entry into Force

 

This Amendment comes into effect on January 1st,
2013.

 

IN WITNESS WHEREOF, this Amendment is signed
by duly authorized representatives of the Parties at the date mentioned on the first page of this Amendment n. 1.

 

	
    STMicroelectronics International N.V.

     
	 	Mobileye Technologies Limited
	Name:	Marco Maria Monti	 	Name:	Ziv Avram
	Title:	General Manager, Executive

Corporate Vice President	 	Title:	CEO
	 	 	 	 	 
	Date:	22-06-2013	 	Date:	26-5-2013
	 	 	 	 	 
	Signature:	/s/ Marco Maria Monti	 	Signature:	/s/ Ziv Avram
	 	 	 	 	 
	Name:	Paul Grimme	 	Name:	Chrystalla
    Mylona for and on behalf of Evan Directors LTD.
	 	 	 	 	 
	Title:	Executive Vice President	 	Title:	Director
	 	 	 	 	 
	Date:	30-04-2013	 	Date:	03-06-2013
	 	 	 	 	 
	Signature:  	/s/ Paul Grimme	 	Signature:  	/s/ Chrystalla MylonaExhibit 10.21

	
	Execution Copy
AGREEMENT BETWEEN
INTEL CORPORATION AND INTEL SUBSIDIARIES
This agreement ("Agreement"), dated March 4, 2014 ("Agreement Date"), is made by Intel
Corporation, a Delaware corporation ("Intel") and each of the entities as listed on the signature
pages of this Agreement and each entity that subsequently becomes a party to this Agreement
pursuant to paragraph 6.8 (each, a "Subsidiary"). The "Effective Date" of this Agreement for
each entity that is at least 50% owned or controlled (directly or indirectly) by Intel as of the
Agreement Date, is the Agreement Date. For an entity that becomes at least 50% owned or
controlled (directly or indirectly) by Intel after the Agreement Date, the "Effective Date" will
have the meaning set forth in Section 6.8.
BACKGROUND
 • Intel has certain rights to sublicense or extend rights under various patents and patent
applications owned or controlled by entities that (i) are less than 50% owned or
controlled (directly or indirectly) by Intel ("Third Parties") and (ii) have entered into a
written agreement with Intel granting Intel rights under their patents before the Effective
Date (the "Sublicensable Third-Party Patents");
 • Intel has entered into written agreements with Third Parties granting rights under such
Third Parties' patents and patent applications to certain subsidiaries of Intel (the
"Third-Party Patent Agreements");
 • Intel may obtain certain rights after the Effective Date to sublicense or extend rights
under additional patents and patent applications owned or controlled by Third Parties that
have entered into a written agreement with Intel granting Intel rights under such Third
Parties' patents and patent applications (the "Future Sublicensable Third-Party
Patents");
 • Intel may after the Effective Date enter into written agreements with Third Parties
granting rights under such Third Parties' patents and patent applications to certain
subsidiaries of Intel (the "Future Third-Party Patent Agreements");
 • Intel desires, to the fullest extent it has the right to do so, to grant or extend to Subsidiary
royalty-free, nonexclusive, nontransferable, worldwide licenses, sublicenses or rights
under all Sublicensable Third-Party Patents and Future Sublicensable Third-Party
Patents;
 • In consideration of such licenses, sublicenses or other rights, Subsidiary is willing to
comply with all of Intel's undertakings and obligations required for Subsidiary to receive
and maintain licenses, sublicenses or other rights under the applicable Third-Party Patent
Agreements and Future Third-Party Patent Agreements;
 • Subsidiary may own or control patents and patent applications now or in the future during
the term of this Agreement while that Subsidiary is at least 50% owned or controlled 

	
	(directly or indirectly) by Intel (for each Subsidiary, the "Subsidiary-Controlled
Patents"); and
 • Subsidiary desires, to the fullest extent it has the right to do so, to grant to Intel royalty-
free, nonexclusive, nontransferable, worldwide licenses under all of its Subsidiary-
Controlled Patents, with the right to grant sublicenses to other Subsidiaries and to Third
Parties to the extent required for Intel to comply with its obligations under the
Third-Party Patent Agreements and the Future Third-Party Patent Agreements.
Therefore, the parties agree as follows:
1. LICENSES TO SUBLICENSABLE THIRD-PARTY PATENTS
 &#x0;
1.1 &#x0; Intel hereby grants or extends, to the fullest extent Intel has the right to do so, to
Subsidiary a royalty-free, nonexclusive, nontransferable, worldwide license, sublicense or other
rights under each Sublicensable Third-Party Patent, effective retroactively during the period
starting on the patent's Rights Vesting Date and ending on the Effective Date. Subsidiary hereby
agrees, effective retroactively during that period, to comply with all Intel's undertakings and
obligations relating to its Subsidiaries under the Third-Party Patent Agreements required for
Subsidiary to receive and maintain such licenses, sublicenses and other rights. For purposes of
this Section 1, "Rights Vesting Date" means, as to Subsidiary and each Sublicensable Third-
Party Patent licensed hereunder, the date Intel first had the right to grant sublicenses or other
rights under the Sublicensable Third-Party Patent to that Subsidiary in accordance with this
Agreement.
 &#x0;
1.2 &#x0; Intel hereby grants or extends, to the fullest extent Intel has the right to do so, to
Subsidiary a royalty-free, nonexclusive, nontransferable, worldwide license, sublicense or other
rights under each Sublicensable Third-Party Patent, effective as of the Effective Date and
continuing for as long as Intel has the right to grant sublicenses or other rights under the
Sublicensable Third-Party Patent in accordance with this Agreement. Subsidiary hereby agrees
to comply, from and after the Effective Date, with all Intel's undertakings and obligations
relating to its Subsidiaries under the Third-Party Patent Agreements required for Subsidiary to
receive and maintain such licenses, sublicenses and other rights.
2. LICENSES TO FUTURE SUBLICENSABLE THIRD-PARTY PATENTS
 &#x0;
2.1 &#x0; Unless Intel specifically provides notice to a Subsidiary at any time in accordance with
Section 3, subject to the terms of this Agreement, Intel hereby grants or extends to Subsidiary,
effective as of the earliest date that Intel has the right to do so, royalty-free, nonexclusive,
nontransferable, worldwide licenses, sublicenses or other rights under all Future Sublicensable
Third-Party Patents to the fullest extent that Intel has the right to do so.
 &#x0;
2.2 &#x0; Subsidiary hereby agrees to comply with all Intel's undertakings and obligations relating
to its Subsidiaries under the Future Third-Party Patent Agreements required for Subsidiary to
receive and maintain such licenses, sublicenses and other rights.
2 

	
	3. REVOCATION
At any time, including at any time before or after Intel receives the right to sublicense or extend
rights under any Sublicensable Third-Party Patent or Future Sublicensable Third-Party Patent,
Intel may notify Subsidiary in writing:
(i) that one or more Sublicensable Third-Party Patents or Future Sublicensable
Third-Party Patents, or specific claims thereof, are excluded from the licenses,
sublicenses or other rights granted or extended to that Subsidiary in paragraphs
1.1, 1.2 or 2.1; or
(ii) that Intel revokes (effective as of the date specified by Intel), in whole or in part,
any licenses, sublicenses or other rights previously granted or extended to
Subsidiary pursuant to paragraphs 1.1, 1.2 or 2.1 with respect to one or more
Sublicensable Third-Party Patents or Future Sublicensable Third-Party Patents or
specific claims thereof.
4. LICENSES TO SUBSIDIARY-CONTROLLED PATENTS
 &#x0;
4.1 &#x0; Subsidiary hereby grants or extends, to the fullest extent Subsidiary has the right to do so,
to Intel a royalty-free, nonexclusive, nontransferable, perpetual, irrevocable, worldwide license
under each Subsidiary-Controlled Patent, with the right to grant the sublicenses set forth in this
Section 4, effective retroactively during the period starting on the patent's Rights Vesting Date
and ending on the Effective Date. For purposes of this Section 4, "Rights Vesting Date" means,
as to Subsidiary and each of its Subsidiary-Controlled Patents, the date on which the Subsidiary
first had the right to grant the rights set forth herein under the Subsidiary-Controlled Patent to
Intel in accordance with this Agreement.
 &#x0;
4.2 &#x0; Subsidiary hereby grants or extends, to the fullest extent Subsidiary has the right to do so,
to Intel a royalty-free, nonexclusive, nontransferable, perpetual, irrevocable, worldwide license
under each Subsidiary-Controlled Patent, with the right to grant the sublicenses set forth in this
Section 4, effective as of the Effective Date and continuing for the life of the Subsidiary-
Controlled Patent.
 &#x0;
4.3 &#x0; The licenses granted by Subsidiary in paragraphs 4.1 and 4.2 include the right for Intel to
grant or extend royalty-free, nonexclusive, nontransferable sublicenses or rights to the fullest
extent that it has the right to do so to
(i) Third Parties to the fullest extent required for Intel to comply with its obligations
under the Third-Party Patent Agreements and Future Third-Party Patent
Agreements; provided, that the scope of those sublicenses will be limited by and
subject to the applicable terms of the Third-Party Patent Agreements and Future
Third-Party Patent Agreements; and
(ii) other Subsidiaries and any other entities that are at least 50% owned or controlled
(directly or indirectly) by Intel to use, make, have made, sell, offer to sell, import
and otherwise dispose of products and services used, manufactured, licensed or
sold by such other Subsidiaries, entities or Intel. 

	
	&#x0;
4.4 &#x0; Unless a later date or different term is specified by Intel, any sublicense granted or
extended by Intel to a Third Party under a Third-Party Patent Agreement or Future Third-Party
Patent Agreement under a Subsidiary-Controlled Patent will be automatically effective on the
earliest date when both (a) the Third-Party Patent Agreement or Future Third-Party Patent
Agreement first became effective, whether before or after the date of this Agreement, and (b) the
Subsidiary first became at least 50% owned or controlled (directly or indirectly) by Intel.
 &#x0;
4.5 &#x0; Intel hereby grants or extends, to the fullest extent Intel has the right to do so, a royalty-
free, nonexclusive, nontransferable, worldwide sublicense under each Subsidiary-Controlled
Patent to Subsidiaries who do not own or control such Subsidiary-Controlled Patent, effective
retroactively during the period starting on the patent's Rights Vesting Date and ending on the
Effective Date.
 &#x0;
4.6 &#x0; Intel hereby grants or extends, to the fullest extent Intel has the right to do so, a royalty-
free, nonexclusive, nontransferable, worldwide sublicense under each Subsidiary-Controlled
Patent to Subsidiaries who do not own or control such Subsidiary-Controlled Patent, effective as
of the Effective Date and continuing as long as Intel has the right to grant sublicenses or other
rights under the Subsidiary-Controlled Patent and the Subsidiary is at least 50% owned or
controlled (directly or indirectly) by Intel.
 &#x0;
4.7 &#x0; The license to each Subsidiary-Controlled Patent granted by Subsidiary to Intel under
paragraphs 4.1 and 4.2 will continue for the life of the Subsidiary-Controlled Patent even if the
Subsidiary ceases to be at least 50% owned or controlled (directly or indirectly) by Intel and
even if Intel exercises any of its rights under Section 3. However, the licenses granted by
Subsidiary to Intel under paragraphs 4.1 and 4.2 will not apply to any patents or patent
applications acquired or filed by Subsidiary after such Subsidiary ceases to be at least 50%
owned or controlled (directly or indirectly) by Intel unless otherwise agreed by that Subsidiary
and Intel or required under any Third-Party Patent Agreement or Future Third-Party Patent
Agreement.
5. TERM AND TERMINATION
 &#x0;
5.1 &#x0; This Agreement will continue in effect until the expiration of the last to expire of the
Sublicensable Third-Party Patents, Future Sublicensable Third-Party Patents, Subsidiary-
Controlled Patents, and other patent rights licensed or sublicensed hereunder or under any
Third-Party Patent Agreement or Future Third-Party Patent Agreement, unless sooner terminated
as provided in paragraph 5.2.
 &#x0;
5.2 &#x0; Intel may terminate this Agreement as it pertains to one or more Subsidiaries at any time
by giving notice of termination to the applicable Subsidiary. Upon termination of this
Agreement as it pertains to one or more Subsidiaries, the licenses, sublicenses or other rights
granted or extended to those Subsidiaries under this Agreement will terminate. Section 4 will
survive any termination of this Agreement, except that Intel may terminate any sublicense it has
granted under any or all Subsidiary-Controlled Patents or any claims thereof at any time.
 &#x0;
5.3 &#x0; The licenses, sublicenses or other rights granted or extended to a Subsidiary in
paragraphs 1.1, 1.2 and 2.1 will automatically terminate as to each Sublicensable Third-Party
4 

	
	Patent and Future Sublicensable Third-Party Patent to the extent that Subsidiary is no longer
entitled to receive such license, sublicense or rights pursuant to Intel's applicable Third-Party
Patent Agreement or Future Third-Party Patent Agreement with the Third Party (e.g., if the
Subsidiary ceases to be a "Subsidiary" as defined in the applicable agreement).
6. MISCELLANEOUS PROVISIONS
6.1 THE SUBLICENSABLE THIRD-PARTY PATENTS, FUTURE SUBLICENSABLE
THIRD-PARTY PATENTS AND SUBSIDIARY-CONTROLLED PATENTS ARE
LICENSED, SUBLICENSED OR EXTENDED "AS IS" AND WITHOUT WARRANTY OF
ANY KIND. INTEL AND SUBSIDIARY DISCLAIM ALL IMPLIED WARRANTIES OF
MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-
INFRINGEMENT. Without limiting the generality of the foregoing, nothing contained in this
Agreement will be construed as:
(a) a warranty or representation by a party as to the validity or scope of any class or
type of patent, utility model or design patent;
(b) a warranty or representation by a party that any manufacture, sale, lease, use, or
other disposition of products covered by the Sublicensable Third-Party Patents,
Future Sublicensable Third-Party Patents or Subsidiary-Controlled Patents will be
free from infringement of patents, utility models or design patents;
(c) an agreement by a party to bring or prosecute actions or suits for infringement
against third parties, or conferring any right to bring or prosecute actions or suits
for infringement against third parties;
(d) conferring by implication, estoppel, or otherwise upon any party any license or
other right under any class or type of patent, utility model, or design patent other
than the licenses, sublicenses and rights expressly granted or extended pursuant to
this Agreement; or
(e) an agreement by Intel to enforce, maintain or defend any license with any third
party for any Sublicensable Third-Party Patent or Future Sublicensable
Third-Party Patent.
 &#x0;
6.2 &#x0; Subsidiary may not assign or transfer (by operation of law or otherwise) this Agreement
or any of its rights, privileges or obligations granted or extended under this Agreement, without
the prior written consent of Intel.
 &#x0;
6.3 &#x0; No modification, alteration, addition, or change in the terms of this Agreement will be
binding on a party unless reduced to writing and duly executed by Intel and the Subsidiary to be
bound.
 &#x0;
6.4 &#x0; If any term or other provision of this Agreement is invalid, illegal or incapable of being
enforced by any rule of law, public policy or otherwise, such term or provision shall be excluded
to the extent of such invalidity, illegality or unenforceability regardless of the nature of the term
or other provision and all other terms and provisions of this Agreement shall nevertheless remain 

	
	in full force and effect. On a determination that any term or other provision of this Agreement is
invalid, illegal or incapable of being enforced, the parties must negotiate in good faith to modify
this Agreement so as to effect the original intent of the parties as closely as possible, in a
mutually acceptable manner, in order that the transactions contemplated by this Agreement shall
be consummated as originally contemplated to the fullest extent possible.
 &#x0;
6.5 &#x0; This Agreement and matters connected to the performance thereof will be governed by
the laws of the State of Delaware, without respect to the choice-of-law provisions thereof.
 &#x0;
6.6 &#x0; This Agreement will not be construed to confer any right or benefit on any party other
than the parties hereto and their permitted successors and assigns.
 &#x0;
6.7 &#x0; No waiver of any provision of this Agreement will be effective unless it is a signed
writing by the waiving party, and no such waiver will constitute a waiver of any other
provision(s) or of the same provision on another occasion.
 &#x0;
6.8 &#x0; Any entity that is at least 50% owned or controlled (directly or indirectly) by Intel may
become a party to this Agreement by executing a New Subsidiary Agreement in substantially the
form attached as Exhibit A. Upon execution of a New Subsidiary Agreement by that entity and
Intel, that entity will be treated as a Subsidiary under this Agreement and will be bound by this
Agreement; provided, that the "Effective Date" of this Agreement for such entity will be the
later of the date that such entity (a) became at least 50% owned or controlled (directly or
indirectly) by Intel and (b) executed a New Subsidiary Agreement in substantially the form
attached as Exhibit A.
The parties hereto have caused this Agreement to be duly executed on the date first written
above.
[Signature blocks attached in the following pages.]
6 

	
	New Subsidiary Agreement

Reference is made to the Agreement between Intel Corporation and Intel Subsidiaries, dated as
of March 4, 2014 (“Subsidiary Agreement”).  The undersigned hereby agrees to be bound by and
to be treated as a “Subsidiary” under the Subsidiary Agreement.

Dated: August 8, 2017  ________________________________

Mobileye B.V.
Mobileye Vision Technologies Ltd.
Mobileye Inc.
Mobileye Japan Ltd.
Mobileye (Shanghai) Automotive Service
Co. Ltd.
Mobileye Technologies Limited
Azorei Kisalon Ltd.
Mobileye Germany GmbH
Printed Name: Amnon Shashua
Title: Mobileye Group CEO and CTO

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