Document:

EX-10.2

 Exhibit 10.2 

EMPLOYEE MATTERS AGREEMENT 

by and among 
 XPERI
HOLDING CORPORATION 
 and 

XPERI INC. 
 dated as of

 [•], 2022 

 TABLE OF CONTENTS 
  

							
	 	 	 	  	Page	 
			
		 	ARTICLE I	  			
			
		 	DEFINITIONS AND INTERPRETATION	  			
			
	 Section 1.1
	 	General	  	 	1	 
	 Section 1.2
	 	References; Interpretation	  	 	6	 
			
		 	ARTICLE II	  			
			
		 	GENERAL PRINCIPLES	  			
			
	Section 2.1	 	Nature of Liabilities	  	 	7	 
	 Section 2.2
	 	Transfers of Employees Generally	  	 	7	 
	 Section 2.3
	 	Assumption and Retention of Liabilities Generally	  	 	7	 
	 Section 2.4
	 	Service Recognition	  	 	8	 
	 Section 2.5
	 	Information and Consultation	  	 	9	 
	 Section 2.6
	 	WARN	  	 	9	 
			
		 	ARTICLE III	  			
			
		 	CERTAIN BENEFIT PLAN PROVISIONS	  			
			
	 Section 3.1
	 	Benefits Generally	  	 	9	 
	 Section 3.2
	 	Health and Welfare Benefit Plans	  	 	10	 
	 Section 3.3
	 	Savings Plans	  	 	10	 
	 Section 3.4
	 	Flexible Spending Account Plan	  	 	10	 
			
		 	ARTICLE IV	  			
			
		 	EQUITY INCENTIVE AWARDS	  			
			
	 Section 4.1
	 	Treatment of Options	  	 	10	 
	 Section 4.2
	 	Treatment of Restricted Stock Units	  	 	11	 
	 Section 4.3
	 	Treatment of Performance Stock Unit Awards	  	 	12	 
	 Section 4.4
	 	Treatment of Key RSU Awards	  	 	13	 
	 Section 4.5
	 	SpinCo Stock Plan	  	 	14	 
	 Section 4.6
	 	General Terms	  	 	14	 
	 Section 4.7
	 	Employee Stock Purchase Plan	  	 	15	 

  
 i 

							
		 	ARTICLE V	  			
			
		 	ADDITIONAL MATTERS	  			
			
	 Section 5.1
	 	Annual Bonus Programs	  	 	16	 
	 Section 5.2
	 	Time-Off Benefits	  	 	16	 
	 Section 5.3
	 	COBRA Compliance	  	 	16	 
	 Section 5.4
	 	Code Section 409A	  	 	17	 
	 Section 5.5
	 	Payroll Taxes and Reporting	  	 	17	 
	 Section 5.6
	 	Regulatory Filings	  	 	17	 
	 Section 5.7
	 	Disability	  	 	17	 
			
		 	ARTICLE VI s	  			
			
		 	GENERAL AND ADMINISTRATIVE	  			
			
	 Section 6.1
	 	Employer Rights	  	 	18	 
	 Section 6.2
	 	Effect on Employment	  	 	18	 
	 Section 6.3
	 	Consent of Third Parties	  	 	18	 
	 Section 6.4
	 	Access to Employees	  	 	18	 
	 Section 6.5
	 	Employee Data Protection and the Data Sharing Agreement	  	 	18	 
	 Section 6.6
	 	Beneficiary Designation/Release of Information/Right to Reimbursement	  	 	18	 
	 Section 6.7
	 	No Third-Party Beneficiaries	  	 	19	 
	 Section 6.8
	 	No Acceleration of Benefits	  	 	19	 
	 Section 6.9
	 	Employee Benefits Administration	  	 	19	 
			
		 	ARTICLE VII	  			
			
		 	MISCELLANEOUS	  			
			
	 Section 7.1
	 	Amendments and Waivers.	  	 	19	 
	 Section 7.2
	 	Entire Agreement	  	 	19	 
	 Section 7.3
	 	Survival of Agreements	  	 	20	 
	 Section 7.4
	 	Third-Party Beneficiaries	  	 	20	 
	 Section 7.5
	 	Notices	  	 	20	 
	 Section 7.6
	 	Counterparts; Electronic Delivery	  	 	20	 
	 Section 7.7
	 	Severability	  	 	20	 
	 Section 7.8
	 	Assignability; Binding Effect	  	 	21	 
	 Section 7.9
	 	Termination; Effect of Termination	  	 	21	 
	 Section 7.10
	 	Governing Law	  	 	21	 
	 Section 7.11
	 	Construction	  	 	21	 
	 Section 7.12
	 	Performance	  	 	22	 
	 Section 7.13
	 	Title and Headings	  	 	22	 
	 Section 7.14
	 	Schedules	  	 	22	 

  
 ii 

 EMPLOYEE MATTERS AGREEMENT 

This EMPLOYEE MATTERS AGREEMENT (this “Agreement”), is entered into as of [•], 2022, by and among Xperi Holding
Corporation, a Delaware corporation (“RemainCo”) and Xperi Inc., a Delaware corporation and a subsidiary of RemainCo (“SpinCo”). RemainCo and SpinCo are sometimes referred to herein individually as a
“Party,” and collectively as the “Parties”. Capitalized terms used in this Agreement, but not otherwise defined in this Agreement, shall have the meaning given to such terms in the Separation and Distribution
Agreement by and between the Parties, dated as of [•], 2022 (the “Separation Agreement”). 
 W I T N E S E T H:

 WHEREAS, the RemainCo Board has determined that it is advisable and in the best interests of RemainCo and its stockholders to restructure
the Assets and Liabilities of RemainCo into two companies: (i) RemainCo, which, following consummation of the transactions contemplated under the Separation Agreement, will own and conduct the RemainCo Business; and (ii) SpinCo, which,
following consummation of the transactions contemplated under the Separation Agreement, will own and conduct the SpinCo Business, in the manner contemplated by the Separation Agreement; 

WHEREAS, the Separation Agreement sets forth the terms and conditions applicable to the Distribution; and 

WHEREAS, pursuant to the Separation Agreement, RemainCo and SpinCo have agreed to enter into this Agreement for the purpose of allocating
Assets, Liabilities and responsibilities with respect to certain employee matters and employee compensation and benefit plans and programs between them and to address certain other employment-related matters. 

NOW, THEREFORE, in consideration of the foregoing and the mutual agreements, provisions and covenants contained in this Agreement, the Parties
hereby agree as follows: 
 ARTICLE I 

DEFINITIONS AND INTERPRETATION 

Section 1.1 General. As used in this Agreement, the following terms shall have the following meanings: 

“Adjusted SpinCo Stock Value” shall mean the product obtained by multiplying (a) the SpinCo Stock Value by (b) the
Distribution Ratio. 
 “Affiliate” means, with respect to any specified Person, any other Person that directly, or
indirectly through one or more intermediaries, controls, is controlled by, or is under common control with, the specified Person. 

“Agreement” shall have the meaning set forth in the Preamble. 

 “Applicable Exchange” shall mean the securities exchange as may at the
applicable time be the principal market for shares of RemainCo Common Stock or shares of SpinCo Common Stock, as applicable. 

“Benefit Arrangement” shall mean, with respect to an entity, each compensation or employee benefit plan, program, policy,
agreement or other arrangement, whether or not “employee benefit plans” (within the meaning of Section 3(3) of ERISA, whether or not subject to ERISA), including any benefit plan, program, policy, agreement or arrangement providing
cash- or equity-based compensation or incentives, health, medical, dental, vision, disability, accident or life insurance benefits or vacation, paid or unpaid leave, severance, retention, change in control, termination, deferred compensation,
individual employment, retirement, pension or savings benefits, supplemental income, retiree benefit or other fringe benefit (whether or not taxable), or employee loans, that are sponsored or maintained by such entity (or to which such entity
contributes or is required to contribute or in which it participates), and excluding workers’ compensation plans, policies, programs and arrangements. 

“Code” means the Internal Revenue Code of 1986, as amended from time to time, or any successor federal income tax law, and
the regulations promulgated thereunder. 
 “Data Sharing Agreement” shall mean the Data Sharing Agreement by and between
Adeia Inc. and Xperi Inc., dated [•], 2022. 
 “Distribution Ratio” shall mean the number of shares of Product SpinCo
Common Stock (as defined in the Separation Agreement) received by each holder of IP RemainCo Common Stock (as defined in the Separation Agreement) on the Distribution Record Date pursuant to Section 4.1 the Separation Agreement with respect to
each share of IP RemainCo Common Stock. 
 “Employee” shall mean any RemainCo Employee or SpinCo Employee. 

“ERISA” shall mean the Employee Retirement Income Security Act of 1974, as amended. 

“Party” and “Parties” shall have the meanings set forth in the Preamble. 

“Person” means an individual, a partnership, a corporation, an association, a joint stock company, a trust, a joint venture,
a limited liability company, a union, an unincorporated organization or other legal entity, including a governmental entity or any department, agency or political subdivision thereof. 

“Plan Transition Date” shall mean the date that is (i) the Distribution Date or (ii) such earlier date as agreed
between the Parties. 
 “Post-Separation RemainCo Awards” shall mean Post-Separation RemainCo Options, Post-Separation
RemainCo Restricted Stock Unit Awards, Post-Separation RemainCo Performance Stock Unit Awards (2020), Post-Separation RemainCo Performance Stock Unit Awards (2021), Post-Separation RemainCo Performance Stock Unit Awards (2022) and
Post-Separation RemainCo Key RSU Awards, collectively. 

  
 2 

 “Post-Separation RemainCo Key RSU Award” shall mean a RemainCo Key RSU
Award adjusted as of the Effective Time in accordance with Section 4.4. 
 “Post-Separation RemainCo Option” shall
mean a RemainCo Option adjusted as of the Effective Time in accordance with Section 4.1. 
 “Post-Separation RemainCo
Performance Stock Unit Award (2020)” shall mean a RemainCo Performance Restricted Stock Unit Award (2020) adjusted as of the Effective Time in accordance with Section 4.3(a). 

“Post-Separation RemainCo Performance Stock Unit Award (2021)” shall mean a RemainCo Performance Restricted Stock Unit Award
(2021) adjusted as of the Effective Time in accordance with Section 4.3(b). 
 “Post-Separation RemainCo Performance Stock
Unit Award (2022)” shall mean a RemainCo Performance Restricted Stock Unit Award (2022) adjusted as of the Effective Time in accordance with Section 4.3(c). 

“Post-Separation RemainCo Restricted Stock Unit Award” shall mean a RemainCo Restricted Stock Unit Award adjusted as of the
Effective Time in accordance with Section 4.2. 
 “Post-Separation RemainCo Stock Value” shall mean the simple average
of the volume-weighted average per-share price of RemainCo Common Stock trading “ex distribution” on the Applicable Exchange during each of the last ten (10) full Trading Sessions, or such
shorter number of Trading Sessions that the RemainCo Common Stock is trading “ex distribution,” immediately prior to the Effective Time. 

“Pre-Separation RemainCo Stock Value” shall mean the simple average of the
volume-weighted average per-share price of RemainCo Common Stock trading “regular way with due bills” on the Applicable Exchange during each of the last ten (10) full Trading Sessions, or such
shorter number of Trading Sessions that the RemainCo Common Stock is trading “regular way with due bills,” immediately prior to the Effective Time. 

“RemainCo” shall have the meaning set forth in the Preamble. 

“RemainCo 401(k) Plan” means a tax-qualified 401(k) defined contribution savings plan
to be established by RemainCo or a member of the RemainCo Group. 
 “RemainCo Benefit Arrangement” shall mean any Benefit
Arrangement sponsored, maintained or contributed to by any member of the IP RemainCo Group as of immediately following the Effective Time. 

“RemainCo Change in Control” shall have the meaning set forth in Section 4.6(b). 

“RemainCo Common Stock” shall mean the common stock of RemainCo, par value $0.001 per share. 

“RemainCo Director” shall mean any individual who is a non-employee member of the
board of directors of RemainCo as of the Effective Time. 

  
 3 

 “RemainCo Employee” shall mean each individual identified on Schedule 1.1
hereto. 
 “RemainCo ESPP” shall mean the Xperi Holding Corporation 2020 Employee Stock Purchase Plan. 

“RemainCo Key RSU Award” shall mean an award of Restricted Stock Units granted in 2022 by RemainCo pursuant to the Xperi
Holding Corporation 2020 Equity Incentive Plan that is subject to solely time-based vesting and that is identified on Schedule 4.4 and held by such individual set forth on Schedule 4.4. 

“RemainCo Option” shall mean an option to purchase shares of RemainCo Common Stock granted pursuant to a RemainCo Stock Plan.

 “RemainCo Performance Stock Unit Award (2020)” shall mean an award of Restricted Stock Units granted in 2020 by RemainCo
pursuant to the RemainCo Stock Plans that is subject to performance-based vesting. 
 “RemainCo Performance Stock Unit Award
(2021)” shall mean an award of Restricted Stock Units granted in 2021 by RemainCo pursuant to the RemainCo Stock Plans that is subject to performance-based vesting. 

“RemainCo Performance Stock Unit Award (2022)” shall mean an award of Restricted Stock Units granted in 2022 by RemainCo
pursuant to the RemainCo Stock Plans that is subject to performance-based vesting. 
 “RemainCo Ratio” shall mean the
quotient obtained by dividing (a) the Pre-Separation RemainCo Stock Value by (b) the Post-Separation RemainCo Stock Value. 

“RemainCo Restricted Stock Unit Award” shall mean an award of Restricted Stock Units granted by RemainCo pursuant to the
RemainCo Stock Plans that is subject to solely time-based vesting, other than a RemainCo Key RSU Award. 
 “RemainCo Stock
Plans” shall mean the (i) Xperi Holding Corporation 2020 Equity Incentive Plan; (ii) TiVo Corporation 2008 Equity Incentive Plan (f/k/a the Rovi Corporation 2008 Equity Incentive Plan); (iii) TiVo Inc. Amended and Restated 2008
Equity Incentive Award Plan (now named the TiVo Corporation Titan Equity Incentive Award Plan); (iv) Xperi Corporation Seventh Amended and Restated 2003 Equity Incentive Plan and Amendment No. 1; (v) DTS, Inc. 2014 New Employee Incentive Plan,
including Amendment No. 1 and Amendment No. 2 thereto; (v) DTS, Inc. 2012 Equity Incentive Plan, including Amendment No. 1 thereto; (vi) SRS Labs, Inc. 2006 Stock Incentive Plan, as amended and restated on August 9,
2012; (vii) DTS, Inc. 2003 Equity Incentive Plan, as amended on May 9, 2005, May 15, 2008, February 19, 2009, February 15, 2010, June 3, 2010 and October 8, 2010. 

“RemainCo Value Factor” shall mean the quotient obtained by dividing (a) the
Pre-Separation RemainCo Stock Value by (b) the sum of (i) the Adjusted SpinCo Stock Value and (ii) the Post-Separation RemainCo Stock Value. 

  
 4 

 “RemainCo Welfare Plans” shall mean any Welfare Plan maintained by RemainCo
or any member of the IP RemainCo Group. 
 “Restricted Stock Unit” shall have the meaning set forth under the RemainCo
Stock Plans. 
 “Separation Agreement” shall have the meaning set forth in the Preamble. 

“SpinCo” shall have the meaning set forth in the Preamble. 

“SpinCo Awards” shall mean SpinCo Options, SpinCo Restricted Stock Unit Awards, SpinCo Performance Stock Unit Awards (2020),
SpinCo Performance Stock Unit Awards (2021), and SpinCo Performance Stock Unit Awards (2022) and SpinCo Key RSU Awards, collectively. 

“SpinCo Benefit Arrangement” shall mean any Benefit Arrangement sponsored, maintained or contributed to exclusively by any
member of the Product SpinCo Group other than a SpinCo Transferred Benefit Arrangement. 
 “SpinCo Change in Control” shall
have the meaning set forth in Section 4.6(b). 
 “SpinCo Common Stock” shall mean the common stock of SpinCo, par value
$[•] per share. 
 “SpinCo Director” shall mean any individual who is a
non-employee member of the board of directors of SpinCo as of the Effective Time. 
 “SpinCo
Employee” shall mean each individual who is an employee of RemainCo or any of its Subsidiaries or Affiliates immediately prior to the Effective Time and who is not identified on Schedule 1.1 as a RemainCo Employee. 

“SpinCo Key RSU Award” shall mean a RemainCo Key RSU Award assumed by SpinCo in accordance with Section 4.4. 

“SpinCo Option” shall mean an award of options to purchase shares of SpinCo Common Stock assumed by SpinCo in accordance with
Section 4.1. 
 “SpinCo Performance Stock Unit Award (2020)” shall mean a RemainCo Performance Stock Unit Award
assumed by SpinCo in accordance with Section 4.3(a). 
 “SpinCo Performance Stock Unit Award (2021)” shall mean a
RemainCo Performance Stock Unit Award assumed by SpinCo in accordance with Section 4.3(b). 
 “SpinCo Performance Stock Unit
Award (2022)” shall mean a RemainCo Performance Stock Unit Award assumed by SpinCo in accordance with Section 4.3(c). 

“SpinCo Ratio” shall mean the quotient obtained by dividing (a) the
Pre-Separation RemainCo Stock Value by (b) the SpinCo Stock Value. 
 “SpinCo
Restricted Stock Unit Award” shall mean a RemainCo Restricted Stock Unit Award assumed by SpinCo in accordance with Section 4.2. 

“SpinCo Stock Plans” shall have the meaning set forth in Section 4.5. 

  
 5 

 “SpinCo Stock Value” shall mean the simple average of the volume-weighted
average per-share price of SpinCo Shares trading “as when issued” on the Applicable Exchange during each of the first ten (10) full Trading Sessions, or such shorter number of Trading Sessions
that the SpinCo Shares are trading “as when issued” immediately prior to the Effective Time. 
 “SpinCo Transferred
Benefit Arrangement” shall have the meaning set forth in Section 3.1. 
 “SpinCo Value Factor” shall mean the
quotient obtained by dividing (a) the Pre-Separation RemainCo Stock Value by (b) the sum of (i) the SpinCo Stock Value and (ii) the quotient obtained by dividing the Post-Separation
RemainCo Stock Value by the Distribution Ratio. 
 “SpinCo Welfare Plans” shall mean any Welfare Plan maintained by SpinCo
or any member of the SpinCo Group. 
 “Trading Session” shall mean the period of time during any given calendar day,
commencing with the determination of the opening price on the Applicable Exchange and ending with the determination of the closing price on the Applicable Exchange, in which trading in shares of RemainCo Common Stock or shares of SpinCo Common Stock
Shares (as applicable) is permitted on the Applicable Exchange. 
 “Welfare Plan” shall mean, where applicable, a
“welfare plan” (as defined in Section 3(1) of ERISA and in 29 C.F.R. §2510.3-1) or a “cafeteria plan” under Section 125 of the Code, and any benefits offered thereunder, and
any other plan offering health benefits (including medical, prescription drug, dental, vision and mental health and substance use disorder), disability benefits, or life, accidental death and disability,
pre-tax premium conversion benefits, dependent care assistance programs, employee assistance programs, contribution funding toward a health savings account, flexible spending accounts, tuition reimbursement or
adoption assistance programs or cashable credits. 
 “Xperi 401(k) Plan” shall mean the Xperi 401(k) Retirement Plan. 

“Xperi Benefit Arrangement” shall mean any Benefit Arrangement sponsored, maintained or contributed to by RemainCo prior to
the Effective Time. 
 “Xperi Director” shall mean any individual who is a
non-employee member of the board of directors of RemainCo immediately prior to the Effective Time. 

Section 1.2 References; Interpretation. 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, Sections, Annexes, Exhibits and Schedules shall be deemed references to Articles and Sections of, and Annexes,
Exhibits and Schedules to, 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. The words “written request” when used in this Agreement shall include email. Unless the context requires otherwise, references in this Agreement to
“RemainCo” shall also be deemed 

  
 6 

 
to refer to the applicable member of the IP RemainCo Group, references to “SpinCo” shall also be deemed to refer to the applicable member of the Product SpinCo Group and, in
connection therewith, any references to actions or omissions to be taken, or refrained from being taken, as the case may be, by RemainCo or SpinCo shall be deemed to require RemainCo or SpinCo, as the case may be, to cause the applicable members of
the IP RemainCo Group or the Product SpinCo Group, respectively, to take, or refrain from taking, any such action. In the event of any inconsistency or conflict which may arise in the application or interpretation of any of the definitions set forth
in Section 1.1, for the purpose of determining what is and is not included in such definitions, any item explicitly included on a Schedule referred to in any such definition shall take priority over any provision of the text thereof. 

ARTICLE II 
 GENERAL
PRINCIPLES 
 Section 2.1 Nature of Liabilities. All Liabilities assumed or retained by a member of the IP RemainCo
Group under this Agreement shall be IP Liabilities for purposes of the Separation Agreement. All Liabilities assumed or retained by a member of the Product SpinCo Group under this Agreement shall be Product Liabilities for purposes of the Separation
Agreement. 
 Section 2.2 Transfers of Employees Generally. 

(a) Effective as of no later than the Effective Time and except as otherwise agreed by the Parties, (i) the applicable members of the IP
RemainCo Group and the Product SpinCo Group shall have taken such actions as are necessary to ensure that each SpinCo Employee is employed by a member of the Product SpinCo Group as of immediately following the Effective Time; and (ii) the
applicable members of the IP RemainCo Group shall have taken such actions as are necessary to ensure that each individual who is intended to be a RemainCo Employee as of immediately following the Effective Time is employed by a member of the IP
RemainCo Group as of the Effective Time. 
 (b) The IP RemainCo Group and the Product SpinCo Group agree to execute, and to seek to have the
applicable RemainCo Employees and SpinCo Employees execute such documentation, if any, as may be necessary to reflect the transfer of employment described in this Section 2.2. 

Section 2.3 Assumption and Retention of Liabilities Generally. 

(a) Except as pursuant to this Agreement, in connection with the Distribution, or, if applicable, from and after the Effective Time, RemainCo
shall, or shall cause one or more members of the IP RemainCo Group to, accept, assume (or, as applicable, retain) and perform, discharge and fulfill (i) all Liabilities with respect to the employment and termination of employment of all
RemainCo Employees (and related Liabilities with respect to their respective dependents and beneficiaries), including Liabilities arising under any Xperi Benefit Arrangements (including SpinCo Transferred Benefit Arrangements) and RemainCo Benefit
Arrangements, whenever incurred; and (ii) all other Liabilities or obligations expressly assigned to or assumed by a member of the IP RemainCo Group under this Agreement.

  
 7 

 (b) Except as pursuant to this Agreement, in connection with the Distribution, or, if
applicable, from and after the Effective Time, SpinCo shall, or shall cause one or more members of the Product SpinCo Group to, accept, assume (or, as applicable, retain) and perform, discharge and fulfill (i) all Liabilities under all SpinCo
Benefit Arrangements, whenever incurred; (ii) all Liabilities with respect to the employment, or termination of employment of all SpinCo Employees and their respective dependents and beneficiaries, including under any Xperi Benefit Arrangements
and SpinCo Transferred Benefit Arrangements, whenever incurred; and (iii) other Liabilities or obligations expressly assigned to or assumed by a member of the Product SpinCo Group under this Agreement. 

(c) The Parties shall promptly reimburse one another, upon reasonable request of the Party requesting reimbursement and the presentation by
such Party of such substantiating documentation as the other Party shall reasonably request, for the cost of any obligations or Liabilities satisfied or assumed by the Party requesting reimbursement or its Affiliates that are, or that have been made
pursuant to this Agreement, the responsibility of the other Party or any of its Affiliates. 
 (d) Notwithstanding any provision of this
Agreement or the Separation Agreement to the contrary, SpinCo shall, or shall cause one or more members of the Product SpinCo Group to, accept, assume (or, as applicable, retain) and perform, discharge and fulfill all Liabilities that have been
accepted, assumed or retained under this Agreement irrespective of whether accruals for such Liabilities have been transferred to SpinCo or a member of the Product SpinCo Group or included on a combined balance sheet of the SpinCo Business or
whether any such accruals are sufficient to cover such Liabilities. 
 Section 2.4 Service Recognition. 

(a) From and after the Effective Time, SpinCo shall, and shall cause each member of the Product SpinCo Group to use commercially reasonable
efforts to, give each SpinCo Employee full credit for purposes of eligibility, vesting and determination of level of benefits under any SpinCo Benefit Arrangement for such SpinCo Employee’s prior service with any member of the IP RemainCo Group
or the Product SpinCo Group or any predecessor thereto, to the same extent such service was recognized by the applicable Xperi Benefit Arrangement; provided that, such service shall not be recognized to the extent it would result in the duplication
of benefits. 
 (b) From and after the Effective Time, RemainCo shall, and shall cause each member of the IP RemainCo Group to use
commercially reasonable efforts to, give each RemainCo Employee full credit for purposes of eligibility, vesting and determination of level of benefits under any RemainCo Benefit Arrangement for such RemainCo Employee’s prior service with any
member of the IP RemainCo Group or Product SpinCo Group or any predecessor thereto, to the same extent such service was recognized by the applicable Xperi Benefit Arrangement; provided that, such service shall not be recognized to the extent it
would result in the duplication of benefits. 

  
 8 

 (c) Except to the extent prohibited by applicable Law and to the extent permitted under the
terms of the applicable SpinCo Benefit Arrangement, as soon as administratively practicable on or after the Plan Transition Date, SpinCo shall use commercially reasonable efforts to: (i) waive or cause to be waived all limitations as to
preexisting conditions or waiting periods with respect to participation and coverage requirements applicable to each SpinCo Employee under any SpinCo Welfare Plan in which SpinCo Employees participate (or are eligible to participate) to the same
extent that such conditions and waiting periods were satisfied or waived under an analogous Xperi Benefit Arrangement, and (ii) provide or cause each SpinCo Employee to be provided with credit for any
co-payments, deductibles or other out-of-pocket amounts paid pursuant to an Xperi Benefit Arrangement during the plan year in
which the SpinCo Employees become eligible to participate in the SpinCo Welfare Plans in satisfying any applicable co-payments, deductibles or other out-of-pocket requirements under any such plans for such plan year. 
 (d) Except to the extent
prohibited by applicable Law and to the extent permitted under the terms of the applicable RemainCo Benefit Arrangement, as soon as administratively practicable on or after the Plan Transition Date, RemainCo shall us commercially reasonable efforts
to: (i) waive or cause to be waived all limitations as to preexisting conditions or waiting periods with respect to participation and coverage requirements applicable to each RemainCo Employee under any RemainCo Welfare Plan in which RemainCo
Employees participate (or are eligible to participate) to the same extent that such conditions and waiting periods were satisfied or waived under an analogous Xperi Benefit Arrangement, and (ii) provide or cause each RemainCo Employee to be
provided with credit for any co-payments, deductibles or other out-of-pocket amounts paid pursuant to an Xperi Benefit
Arrangement during the plan year in which the RemainCo Employees become eligible to participate in the RemainCo Welfare Plans in satisfying any applicable co-payments, deductibles or other out-of-pocket requirements under any such plans for such plan year. 

Section 2.5 Information and Consultation. The Parties shall comply with all requirements and obligations to inform, consult or
otherwise notify any SpinCo Employees or RemainCo Employees in relation to the transactions contemplated by this Agreement and the Separation Agreement as required by applicable Law. 

Section 2.6 WARN. Notwithstanding anything set forth in this Agreement to the contrary, none of the transactions contemplated by
or undertaken by this Agreement is intended to and shall not constitute or give rise to an “employment loss” or employment separation within the meaning of the federal Worker Adjustment and Retraining Notification (WARN) Act, or any other
federal, state or local law or legal requirement addressing mass employment separations. 
 ARTICLE III 

CERTAIN BENEFIT PLAN PROVISIONS 

Section 3.1 Benefits Generally. Effective as of the Plan Transition Date, the RemainCo Group shall have taken all necessary or
appropriate actions to ensure that each Xperi Benefit Arrangement that is intended to be transferred to SpinCo, as set forth on Schedule 3.1 hereto (each, a “SpinCo Transferred Benefit Arrangement”), is transferred to a member of
the SpinCo Group. 

  
 9 

 Section 3.2 Health and Welfare Benefit Plans. RemainCo shall or shall cause a
member of the RemainCo Group to have in effect, no later than the Business Day immediately prior to the Plan Transition Date, RemainCo Welfare Plans providing health and welfare benefits for the benefit of each RemainCo Employee. 

Section 3.3 Savings Plans. Effective no later than the Plan Transition Date, RemainCo shall take all steps necessary or
appropriate to cause (a) the Xperi 401(k) Plan, including all of the accounts, underlying Assets, and related trusts and agreements applicable thereto, and all Liabilities related thereto, to be transferred to a member of the Product SpinCo
Group; and (b) a member of the SpinCo Group to assume and adopt the Xperi 401(k) Plan, including all of the accounts, underlying Assets, and related trusts and agreements applicable thereto, and all Liabilities related thereto. RemainCo shall
or shall cause a member of the RemainCo Group to have in effect no later than the Business Day immediately prior to the Plan Transition Date the RemainCo 401(k) Plan. 

Section 3.4 Flexible Spending Account Plan. Effective no later than the Distribution Date, or such other date agreed between the
Parties, RemainCo shall take all steps necessary or appropriate to cause RemainCo to have in effect a flexible spending plan providing flexible spending accounts for medical and dependent care expenses. 

ARTICLE IV 
 EQUITY
INCENTIVE AWARDS 
 Section 4.1 Treatment of Options. 

(a) Each RemainCo Option that is outstanding immediately prior to the Effective Time and held by a RemainCo Employee, former RemainCo
Employee, SpinCo Employee, former SpinCo Employee or a Xperi Director shall be converted, as of the Effective Time, into both a Post-Separation RemainCo Option and a SpinCo Option and each such award shall be subject to the same terms and conditions
(including with respect to vesting and expiration) after the Effective Time as the terms and conditions applicable to such RemainCo Option immediately prior to the Effective Time; provided, however, that certain restrictions may be imposed on such
Post-Separation RemainCo Option or SpinCo Option after the Effective Time if necessary and appropriate to comply with applicable Law; and further, provided, however, that from and after the Effective Time: 

(i) the number of shares of RemainCo Common Stock subject to such Post-Separation RemainCo Option shall be equal to the product, rounded down
to the nearest whole share, obtained by multiplying (A) the number of shares of RemainCo Common Stock subject to the corresponding RemainCo Option immediately prior to the Effective Time by (B) the RemainCo Value Factor; and 

(ii) the number of shares of SpinCo Common Stock subject to such SpinCo Option shall be equal to the product, rounded down to the nearest
whole share, obtained by multiplying (A) the number of shares of RemainCo Common Stock subject to the corresponding RemainCo Option immediately prior to the Effective Time by (B) the SpinCo Value Factor; 

  
 10 

 (iii) the per share exercise price of such Post-Separation RemainCo Option shall be equal
to the quotient, rounded up to the nearest cent, obtained by dividing (A) the per share exercise price of the corresponding RemainCo Option immediately prior to the Effective Time by (B) the RemainCo Ratio; 

(iv) the per share exercise price of such SpinCo Option shall be equal to the quotient, rounded up to the nearest cent, obtained by dividing
(A) the per share exercise price of the corresponding RemainCo Option immediately prior to the Effective Time by (B) the SpinCo Ratio. 

(b) Notwithstanding anything to the contrary in this Section 4.1, the exercise price, the number of shares of RemainCo Common Stock
subject to each Post-Separation RemainCo Option and the number of shares of SpinCo Common Stock subject to the SpinCo Option, as applicable, and the terms and conditions of exercise of such options, shall be determined in a manner consistent with
the requirements of Section 409A of the Code; provided, that, in the case of any RemainCo Option to which Section 421 of the Code applies by reason of its qualification under Section 422 of the Code as of immediately prior to the
Effective Time, the exercise price, the number of shares of RemainCo Common Stock subject to the Post-Separation RemainCo Option and the number of shares of SpinCo Common Stock subject to the SpinCo Option, and the terms and conditions of exercise
of such options shall be determined in a manner consistent with the requirements of Section 424(a) of the Code. 
 Section 4.2
Treatment of Restricted Stock Units Awards. 
 (a) Except as provided in Section 4.4, each RemainCo Restricted Stock Unit
Award that is outstanding immediately prior to the Effective Time and held by a RemainCo Employee, former RemainCo Employee, a SpinCo Employee, a former SpinCo Employee or a Xperi Director shall be converted, as of the Effective Time, into both a
Post-Separation RemainCo Restricted Stock Unit Award and a SpinCo Restricted Stock Unit Award and each such award shall be subject to the same terms and conditions (including with respect to vesting and expiration) after the Effective Time as the
terms and conditions applicable to such RemainCo Restricted Stock Unit Award immediately prior to the Effective Time; provided, however, that certain restrictions may be imposed on such RemainCo Restricted Stock Unit Award or SpinCo Restricted Stock
Unit Award after the Effective Time if necessary and appropriate to comply with applicable Law; and further, provided, however, that from and after the Effective Time, the number of shares of RemainCo Common Stock subject to (i) the
Post-Separation RemainCo Restricted Stock Unit Award shall be equal to the number of shares of RemainCo Common Stock subject to the corresponding RemainCo Restricted Stock Unit Award immediately prior to the Effective Time, and (ii) the SpinCo
Restricted Stock Unit Award shall be equal to the product, rounded up to the nearest whole share, obtained by multiplying (A) the number of shares of RemainCo Common Stock subject to the RemainCo Restricted Stock Unit Award immediately prior to
the Effective Time by (B) the Distribution Ratio. 

  
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 Section 4.3 Treatment of Performance Stock Unit Awards. 

(a) Performance Stock Unit Awards (2020). Each RemainCo Performance Stock Unit Award (2020) that is outstanding as of immediately
prior to the Effective Time shall be converted, as of the Effective Time, into both a Post-Separation RemainCo Performance Stock Unit Award (2020) and a SpinCo Performance Stock Unit Award (2020) and each such award shall be subject to the
same terms and conditions (including with respect to vesting and expiration) after the Effective Time as were applicable to such RemainCo Performance Stock Unit Award (2020) prior to the Effective Time; provided, however, that certain
restrictions may be imposed on the Post-Separation RemainCo Performance Stock Unit Award (2020) or the SpinCo Performance Stock Unit Award (2020) after the Effective Time if necessary and appropriate to comply with applicable Law; and
further, provided, however, that from and after the Effective Time, the number of shares subject to (i) the Post-Separation RemainCo Performance Stock Unit Award (2020) shall be equal to the number of shares of RemainCo Common Stock
subject to the corresponding RemainCo Performance Stock Unit Award (2020) immediately prior to the Effective Time, and (ii) the SpinCo Performance Stock Unit Award (2020) shall be equal to the product, rounded up to the nearest whole
share, obtained by multiplying (A) the number of shares of RemainCo Common Stock subject to the RemainCo Performance Stock Unit Award (2020) immediately prior to the Effective Time by (B) the Distribution Ratio; and provided, further,
that the stock price performance measures applicable to the SpinCo Performance Stock Unit Award (2020) shall be the same as those applicable to the RemainCo Performance Stock Unit Award (2020) and for purposes of measuring the highest 30-day average stock price in the last six months of the three-year performance period and the stock price for purposes of the relative TSR modifier, the stock prices of RemainCo and SpinCo shall be aggregated, and
the RemainCo Board or the SpinCo Board (or the respective compensation committee or other applicable committee thereof), as applicable, shall otherwise adjust the performance measures applicable to any RemainCo Performance Stock Unit Award
(2020) or SpinCo Performance Stock Unit Award (2020). 
 (b) Performance Stock Unit Awards (2021). Each RemainCo Performance
Stock Unit Award (2021) that is outstanding as of immediately prior to the Effective Time shall be converted, as of the Effective Time, into both a Post-Separation RemainCo Performance Stock Unit Award (2021) and a SpinCo Performance Stock
Unit Award (2021) and each such award shall be subject to the same terms and conditions (including with respect to vesting) after the Effective Time as were applicable to such RemainCo Performance Stock Unit Award (2021) prior to the
Effective Time; provided, however, that certain restrictions may be imposed on the Post-Separation RemainCo Performance Stock Unit Award (2021) or the SpinCo Performance Stock Unit Award (2021) after the Effective Time if necessary and
appropriate to comply with applicable Law; and, further provided, however, that from and after the Effective Time the number of shares subject to (i) the Post-Separation RemainCo Performance Stock Unit Award (2021) shall be equal to the
number of shares of RemainCo Common Stock subject to the corresponding RemainCo Performance Stock Unit Award (2021) immediately prior to the Effective Time, and (ii) the SpinCo Performance Stock Unit Award (2021) shall be equal to the
product, rounded up to the nearest whole share, obtained by multiplying (A) the number of shares of RemainCo Common Stock subject to the RemainCo Performance Stock Unit Award (2021) immediately prior to the Effective Time by (B) the
Distribution Ratio; and provided, further, that the stock price performance measures applicable to the SpinCo Performance Stock Unit Award (2021) shall be the same as those applicable to the RemainCo Performance Stock Unit Award (2021) and
for purposes of measuring the highest 30-day average stock price in the last six months of the three-year performance period and the stock price for purposes of the relative TSR modifier, the stock prices of
RemainCo and SpinCo shall be aggregated, and the RemainCo Board or the SpinCo Board (or the respective compensation committee or other applicable committee thereof), as applicable, shall otherwise adjust the performance measures applicable to any
RemainCo Performance Stock Unit Award (2021) or SpinCo Performance Stock Unit Award (2021). 

  
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 (c) Treatment of Performance Stock Unit Awards (2022).

(1) Each RemainCo Performance Stock Unit Award (2022) that is outstanding immediately prior to the Effective Time and held by a RemainCo
Employee or former RemainCo Employee shall be subject to the same terms and conditions (including with respect to vesting and expiration) after the Effective Time as the terms and conditions applicable to such RemainCo Performance Stock Unit Award
(2022) immediately prior to the Effective Time; provided, however, that certain restrictions may be imposed on such RemainCo Performance Stock Unit Award (2022) after the Effective Time if necessary and appropriate to comply with
applicable Law; and further, provided, however, that from and after the Effective Time, the number of shares of RemainCo Common Stock subject to such Post-Separation RemainCo Performance Stock Unit Award (2022), rounded up to the nearest whole
number of shares, shall be equal to the product obtained by multiplying (A) the number of shares of RemainCo Common Stock subject to the corresponding RemainCo Performance Stock Unit Award (2022) immediately prior to the Effective Time by
(B) the RemainCo Ratio; and provided, further, that the RemainCo Board (or the compensation committee or other applicable committee thereof) shall adjust the performance measures applicable to any RemainCo Performance Stock Unit Award (2022).

 (2) Each RemainCo Performance Stock Unit Award (2022) that is outstanding immediately prior to the Effective Time and held by a
SpinCo Employee or former SpinCo Employee shall be converted into a SpinCo Performance Stock Unit Award (2022) and shall otherwise be subject to the same terms and conditions (including with respect to vesting and expiration) after the
Effective Time as the terms and conditions applicable to the corresponding RemainCo Performance Stock Unit Award (2022) immediately prior to the Effective Time; provided, however, that certain restrictions may be imposed on the SpinCo
Performance Stock Unit Award (2022) after the Effective Time if necessary and appropriate to comply with applicable Law; and further, provided, however, that from and after the Effective Time, the number of shares of SpinCo Common Stock subject
to such SpinCo Performance Stock Unit Award (2022), rounded up to the nearest whole number of shares, shall be equal to the product obtained by multiplying (A) the number of shares of RemainCo Common Stock subject to the corresponding RemainCo
Performance Stock Unit Award (2022) immediately prior to the Effective Time by (B) the SpinCo Ratio; and provided, further, that the SpinCo Board (or the compensation committee or other applicable committee thereof) shall adjust the
performance measures applicable to any SpinCo Performance Stock Unit Award (2022). 
 Section 4.4 Treatment of Key RSU Awards.

 (a) Each RemainCo Key RSU Award that is outstanding immediately prior to the Effective Time shall be subject to the same terms and
conditions (including with respect to vesting) after the Effective Time as the terms and conditions applicable to such RemainCo Key RSU Award immediately prior to the Effective Time; provided, however, that certain restrictions may be imposed on
such RemainCo Key RSU Award after the Effective Time if necessary and appropriate to comply with applicable Law; and further, provided, however, that from and after 

  
 13 

 
the Effective Time, the number of shares of RemainCo Common Stock subject to such Post-Separation RemainCo Key RSU Award, rounded up to the nearest whole number of shares, shall be equal to the
product obtained by multiplying (A) the number of shares of RemainCo Common Stock subject to the corresponding RemainCo Key RSU Award immediately prior to the Effective Time by (B) the RemainCo Ratio. 

Section 4.5 SpinCo Stock Plan. Effective as of the Effective Time, SpinCo shall have adopted the SpinCo Corporation 2022 Equity
Incentive Plan and such other plans (the “SpinCo Stock Plans”), which shall permit the grant and issuance of equity incentive awards denominated in shares of SpinCo Common Stock as described in this Article IV. 

Section 4.6 General Terms. 

(a) All of the adjustments described in this Article IV shall be given effect in accordance with Sections 424 and 409A of the Code, in
each case to the extent applicable. The Parties shall, prior to the Effective Time, take all actions, including obtaining appropriate resolutions of the RemainCo Board and the SpinCo Board, and providing all notices and obtaining all consents, that
are necessary or desirable to give effect to the transactions contemplated by this Article IV. 
 (b) In addition, neither the Distribution
nor any employment transfer described in Section 2.2 shall constitute a termination of employment for any Employee for purposes of any RemainCo Award, Post-Separation RemainCo Award or any SpinCo Award, as applicable. After the Effective Time,
for any award adjusted under this Article IV, any reference to a “change in control,” “change of control” or similar definition in an award agreement, employment agreement or RemainCo Stock Plan applicable to such award
(x) with respect to Post-Separation RemainCo Awards, shall be deemed to refer to a “change in control,” “change of control” or similar definition as set forth in the applicable award agreement, employment agreement or
RemainCo Stock Plan (a “RemainCo Change in Control”), and (y) with respect to SpinCo Awards, shall be deemed to refer to a “Change in Control” as defined in the SpinCo Stock Plans or applicable award agreement (a
“SpinCo Change in Control”). 
 (c) In the event of a RemainCo Change in Control, (i) any accelerated vesting and/or
exercisability applicable to any Post-Separation RemainCo Award held by any RemainCo Employee or former RemainCo Employee shall apply to any SpinCo Award then held by any such individual, and (ii) any Post-Separation RemainCo Award then held by any
SpinCo Employee or former SpinCo Employee shall fully vest (and, to the extent applicable, become exercisable). In the event of a SpinCo Change in Control, (i) any accelerated vesting and/or exercisability applicable to any SpinCo Award held by any
SpinCo Employee or former SpinCo Employee shall apply to any Post-Separation RemainCo Award then held by any such individual, and (ii) any SpinCo Award then held by any RemainCo Employee or former RemainCo Employee shall fully vest (and, to the
extent applicable, become exercisable). 
 (d) Except as otherwise provided in this Section 4.6(d) or Article VI, after the Effective
Time, Post-Separation RemainCo Awards shall be settled by RemainCo, and SpinCo Awards shall be settled by SpinCo. Upon the vesting, payment or settlement, as applicable, of SpinCo Awards, SpinCo shall be solely responsible for ensuring the
satisfaction of all applicable tax withholding requirements on behalf of each SpinCo Employee. Upon the vesting, payment or settlement, as applicable, of Post-Separation RemainCo Awards, RemainCo shall be solely responsible for ensuring the
satisfaction of all applicable Tax withholding requirements on behalf of each RemainCo Employee. Following the Effective Time, RemainCo shall be responsible for all income tax reporting with respect to Post-Separation RemainCo Awards held by
RemainCo Employees and SpinCo shall be responsible for all income tax reporting with respect to SpinCo Awards held by SpinCo Employees. RemainCo or SpinCo, as applicable, shall facilitate performance by the other Party of its obligations hereunder
by promptly remitting amounts or shares withheld in conjunction with a transfer of shares or cash, either (as mutually agreed by the Parties) directly to the applicable taxing authority or to the other Party for remittance to such taxing authority.
The Parties will cooperate and communicate with each other and with third-party providers to effectuate withholding and remittance of taxes, as well as required tax reporting, in a timely, efficient and appropriate manner. 

  
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 (e) Following the Effective Time, if any Post-Separation RemainCo Award shall fail to become
vested, such Post-Separation RemainCo Award shall be forfeited to RemainCo, and if any SpinCo Award shall fail to become vested, such SpinCo Award shall be forfeited to SpinCo. The Parties will cooperate, notify and communicate with each other with
respect to any such forfeitures for purposes of ensuring accurate records of outstanding awards can be maintained by each of the Parties, including, without limitation, that SpinCo will notify RemainCo promptly of any SpinCo Employee or SpinCo
Director whose employment or service, as applicable, with the SpinCo Group terminates and RemainCo will notify SpinCo promptly of any RemainCo Employee or RemainCo Director whose employment or service, as applicable, with the RemainCo Group
terminates, in each case, no greater than five (5) Business Days following any such termination.
 (f) The Parties shall use their
commercially reasonable efforts to maintain effective registration statements with the Securities Exchange Commission with respect to the awards described in this Article IV, to the extent any such registration statement is required by
applicable Law. 
 (g) The Parties hereby acknowledge that the provisions of this Article IV are intended to achieve certain tax, legal
and accounting objectives and, in the event such objectives are not achieved, the Parties agree to negotiate in good faith regarding such other actions that may be necessary or appropriate to achieve such objectives. 

Section 4.7 Employee Stock Purchase Plan. The administrator of the RemainCo ESPP shall take all actions necessary and appropriate
to (a) suspend payroll deductions and other contributions by RemainCo Employees and SpinCo Employees immediately following the Exercise Date (as defined in the RemainCo ESPP) that occurs on August 31, 2022; (b) terminate the participation
of SpinCo Employees in the RemainCo ESPP effective no later than immediately prior to the Effective Time; and (c) commence a new Offering Period (as defined in the RemainCo ESPP) and resume payroll deductions and other contributions by RemainCo
Employees on December 1, 2022 or such other date as may be determined by the administrator of the RemainCo ESPP. Effective as of or before the Distribution Date, SpinCo shall adopt an employee stock purchase plan in a form substantially similar
to the RemainCo ESPP (the “SpinCo ESPP”), and the SpinCo Employees shall be eligible to participate in the SpinCo ESPP effective no later than December 1, 2022 or such other date as may be determined by the administrator of the
SpinCo ESPP; provided, however, that SpinCo may delay implementation of the SpinCo ESPP in one or more countries to the extent necessary to complete those actions and undertakings that SpinCo, in its sole discretion, determines to be necessary or
advisable to comply with applicable Law. 

  
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 ARTICLE V 

ADDITIONAL MATTERS 

Section 5.1 Annual Bonus Programs Annual cash bonuses payable under any Xperi Benefit Arrangement that provides for payments of
annual bonuses or other annual cash incentive awards in respect of the 2022 fiscal year, in either case that relates to the IP Business with respect to RemainCo Employees or to the Product Business with respect to SpinCo Employees (the “2022
Cash Bonuses”) shall be determined as of the Effective Time based on actual performance results and level of performance achieved in respect of the portion of 2022 fiscal year that occurs up to the Effective Time measured against the
applicable targets under the applicable Xperi Benefit Arrangement and, if and to the extent earned, the 2022 Cash Bonuses shall be paid to the eligible RemainCo Employees with respect to each Xperi Benefit Arrangement that relates to the IP Business
and to the eligible SpinCo Employees with respect to each Xperi Benefit Arrangement that relates to the Product Business at the time or times RemainCo otherwise would have paid such 2022 Cash Bonuses in the ordinary course of
business. Following the Effective Time, each of RemainCo and SpinCo shall determine appropriate performance measures to be used for the remainder of the 2022 fiscal year for eligible RemainCo Employees and SpinCo Employees, respectively. 

Section 5.2 Time-Off Benefits. Unless otherwise required under applicable Law
(a) SpinCo shall (i) credit each SpinCo Employee with the amount of accrued but unused vacation time, paid time-off and other time-off benefits as such SpinCo
Employee had with the RemainCo as of immediately before the Distribution Date, and (ii) permit each such SpinCo Employee to use such accrued but unused vacation time, paid time off and other time-off
benefits in the same manner and upon the same terms and conditions as the SpinCo Employee would have been so permitted under the terms and conditions of the applicable RemainCo policies in effect for the year in which such Distribution Date occurs,
up to and including full exhaustion of such transferred unused vacation time, paid-time off and other time-off benefits (if such full exhaustion would be permitted under the applicable RemainCo policies in
effect for that year in which the Distribution Date occurs); and (b) RemainCo shall (i) credit each RemainCo Employee with the amount of accrued but unused vacation time, paid time-off and other time-off benefits as such RemainCo Employee had with the RemainCo as of immediately before the Distribution Date, and (ii) permit each RemainCo Employee to use such accrued but unused vacation time, paid time
off and other time-off benefits in the same manner and upon the same terms and conditions as the RemainCo Employee would have been so permitted under the terms and conditions of the applicable RemainCo
policies in effect for the year in which the Distribution Date occurs, up to and including full exhaustion of such transferred unused vacation time, paid-time off and other time-off benefits (if such full
exhaustion would be permitted under the applicable RemainCo policies in effect for that year in which the Distribution Date occurs). 

Section 5.3 COBRA Compliance. 

(a) Effective as of the Plan Transition Date, SpinCo shall assume and be responsible for administering compliance with the health care
continuation requirements of COBRA, in accordance with the provisions of (i) the SpinCo Benefit Arrangements that are SpinCo Welfare Plans, with respect to SpinCo Employees and their covered dependents who incur a COBRA qualifying event or loss
of coverage under the SpinCo Welfare Plans at any time after the Plan Transition Date, and (ii) the SpinCo Transferred Benefit Arrangements with respect to SpinCo Employees and their covered dependents who incur a COBRA qualifying event or loss
of coverage under the SpinCo Transferred Benefit Arrangements at any time prior to the Plan Transition Date. 

  
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 (b) Effective as of the Plan Transition Date, RemainCo shall assume and be responsible for
administering compliance with the health care continuation requirements of COBRA, in accordance with the provisions of the RemainCo Benefit Arrangements that are RemainCo Welfare Plans, with respect to RemainCo Employees and former RemainCo
Employees and their covered dependents who incur a COBRA qualifying event or loss of coverage (i) under the Xperi Benefit Arrangements at any time prior to the Plan Transition Date, or (ii) under the RemainCo Benefit Arrangements at any
time on or after the Plan Transition Date. 
 Section 5.4 Code Section 409A. Notwithstanding anything
in this Agreement to the contrary, the Parties shall negotiate in good faith regarding the need for any treatment different from that otherwise provided herein with respect to the payment of compensation to ensure that the treatment of such
compensation does not cause the imposition of a Tax under Section 409A of the Code. In no event, however, shall any Party be liable to another in respect of any Taxes imposed under, or any other costs or Liabilities relating to,
Section 409A of the Code. 
 Section 5.5 Payroll Taxes and Reporting. The Parties shall (a) to the extent practicable,
treat SpinCo (or the appropriate member of the SpinCo Group) and RemainCo (or the appropriate member of the RemainCo) as a “successor employer” or “predecessor,” as applicable, within the meaning of Sections 3121(a)(1) and
3306(b)(1) of the Code, with respect to SpinCo Employees and RemainCo Employees for purposes of Taxes imposed under the United States Federal Unemployment Tax Act or the United States Federal Insurance Contributions Act; and (b) cooperate with
each other to avoid, to the extent possible, the filing of more than one IRS Form W-2 with respect to each SpinCo Employee and RemainCo Employee for the calendar year in which the Effective Time occurs. 

Section 5.6 Regulatory Filings. Subject to applicable Law, RemainCo shall retain responsibility for all employee-related
regulatory filings for reporting periods ending at or prior to the Effective Time, except for Equal Employment Opportunity Commission EEO-1 reports and affirmative action program (AAP) reports and responses to
Office of Federal Contract Compliance Programs (OFCCP) submissions, for which RemainCo shall provide data and information (to the extent permitted by applicable Laws) to SpinCo, which shall be responsible for making such filings in respect of SpinCo
Employees. 
 Section 5.7 Disability. To the extent any RemainCo Employee is, as of the Plan Transition Date, receiving payments
as part of any short-term disability program that is part of a RemainCo Welfare Plan and that will become a SpinCo Transferred Benefit Arrangement as of the Plan Transition Date, such RemainCo Employee’s rights to continued short-term
disability benefits (a) will end under any such RemainCo Welfare Plan as of the Plan Transition Date; and (b) all remaining rights will be recognized under a RemainCo Benefit Arrangement as of the Plan Transition Date, and the remainder
(if any) of such RemainCo Employee’s short-term disability benefits will be paid by a RemainCo Welfare Plan that is a RemainCo Benefit Arrangement. In the event that any RemainCo Employee described above shall have any dispute with the
short-term disability benefits they are receiving under a RemainCo Welfare Plan that is a RemainCo Benefit Arrangement, any and all appeal rights of such employees shall be realized through such RemainCo Welfare Plan (and any appeal rights such
RemainCo Employee may have under any such RemainCo Welfare Plan will be limited to benefits received and time periods occurring prior to the Plan Transition Date). 

  
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 ARTICLE VIs 

GENERAL AND ADMINISTRATIVE 

Section 6.1 Employer Rights. Nothing in this Agreement shall be deemed to be an amendment to any Xperi Benefit Arrangement,
RemainCo Benefit Arrangement or SpinCo Benefit Arrangement or to prohibit any member of the IP RemainCo Group or the Product SpinCo Group, as the case may be, from amending, modifying or terminating any Xperi Benefit Arrangement, RemainCo Benefit
Arrangement or SpinCo Benefit Arrangement at any time within its sole discretion. 
 Section 6.2 Effect on Employment. Nothing
in this Agreement is intended to or shall confer upon any employee or former employee of RemainCo, SpinCo or any of their respective Affiliates any right to continued employment, or any recall or similar rights to any such individual on layoff or
any type of approved leave. 
 Section 6.3 Consent of Third Parties. If any provision of this Agreement is dependent on the
Consent of any third party and such Consent is withheld, the Parties shall use their commercially reasonable efforts to implement the applicable provisions of this Agreement to the fullest extent practicable. If any provision of this Agreement
cannot be implemented due to the failure of such third party to consent, the Parties hereto shall negotiate in good faith to implement the provision (as applicable) in a mutually satisfactory manner. 

Section 6.4 Access to Employees. On and after the Effective Time, RemainCo and SpinCo shall, or shall cause each of their
respective Affiliates to, make available to each other those of their employees who may reasonably be needed in order to defend or prosecute any legal or administrative action (other than a legal action between RemainCo and SpinCo) to which any
employee or director of the IP RemainCo Group or the Product SpinCo Group or any RemainCo Benefit Arrangement or SpinCo Benefit Arrangement is a party and which relates to a RemainCo Benefit Arrangement or SpinCo Benefit Arrangement. The Party to
whom an employee is made available in accordance with this Section 6.4 shall pay or reimburse the other Party for all reasonable expenses which may be incurred by such employee in connection therewith, including all reasonable travel, lodging
and meal expenses, but excluding any amount for such employee’s time spent in connection herewith. 
 Section 6.5 Employee Data
Protection and the Data Sharing Agreement. The Data Sharing Agreement shall govern with respect to the maintenance, use, sharing and processing of Personal Information. 

Section 6.6 Beneficiary Designation/Release of Information/Right to Reimbursement. To the extent permitted by applicable Law and
except as otherwise provided for in this Agreement, all beneficiary designations, authorizations for the release of information and rights to reimbursement made by or relating to (a) SpinCo Employees under Xperi Benefit Arrangements shall be
transferred to and be in full force and effect under the corresponding SpinCo Benefit Arrangements or SpinCo Transferred Benefit Arrangements until such beneficiary designations, authorizations or rights are replaced or revoked by, or no longer
apply, to the relevant SpinCo Employee; and (b) RemainCo Employees under Xperi Benefit Arrangements shall be transferred to and be in full force and effect under the corresponding RemainCo Benefit Arrangements until such beneficiary
designations, authorizations or rights are replaced or revoked by, or no longer apply, to the relevant RemainCo Employee. 

  
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 Section 6.7 No Third-Party Beneficiaries. This Agreement is solely for the
benefit of the Parties and, except to the extent otherwise expressly provided herein, nothing in this Agreement, express or implied, is intended to confer any rights, benefits, remedies, obligations or Liabilities under this Agreement upon any
Person, including any RemainCo Employee, SpinCo Employee or other current or former employee, officer, director or contractor of the IP RemainCo Group or the Product SpinCo Group, other than the Parties and their respective successors and assigns.

 Section 6.8 No Acceleration of Benefits. Except as otherwise provided in this Agreement, no provision of this Agreement shall
be construed to create any right, or accelerate vesting or entitlement, to any compensation or benefit whatsoever on the part of any RemainCo Employee, SpinCo Employee or other former, current or future employee of the IP RemainCo Group or the
Product SpinCo Group under any Benefit Arrangement of the IP RemainCo Group or the Product SpinCo Group. 
 Section 6.9 Employee
Benefits Administration. At all times following the date hereof, the Parties will cooperate in good faith as necessary to facilitate the administration of employee benefits and the resolution of related employee benefit claims with respect to
SpinCo Employees and RemainCo Employees, as applicable, including with respect to the provision of employee level information necessary for the other Party to manage, administer, finance and file required reports with respect to such administration.

 ARTICLE VII 

MISCELLANEOUS 

Section 7.1 Amendments and Waivers. 

(a) This Agreement may not 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 entitled to the
benefit thereof and any such waiver shall be validly and sufficiently given for the purposes of this Agreement if it is in writing signed by an authorized representative of such Party. No delay or failure in exercising any right, power or remedy
hereunder shall affect or operate as a waiver thereof; nor shall any single or partial exercise thereof or any abandonment or discontinuance of steps to enforce such a right, power or remedy preclude any further exercise thereof or of any other
right, power or remedy. The rights and remedies hereunder are cumulative and not exclusive of any rights or remedies that either Party would otherwise have. 

Section 7.2 Entire Agreement. This Agreement, the Separation Agreement, and the Data Sharing Agreement, including the Exhibits and
Schedules referenced herein and therein and attached hereto and thereto, constitute the entire agreement and understanding between the Parties with respect to the subject matter hereof and supersede all prior negotiations, agreements, commitments,
writings, courses of dealing and understandings with respect to the subject matter hereof. 

  
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 Section 7.3 Survival of Agreements. Except as otherwise contemplated by this
Agreement, all covenants and agreements of the Parties contained in this Agreement shall survive the Effective Time and remain in full force and effect in accordance with their applicable terms. 

Section 7.4 Third-Party Beneficiaries. This Agreement is solely for the benefit of the Parties and should not be deemed to confer
upon third parties any remedy, claim, liability, reimbursement, cause of action or other right in excess of those existing without reference to this Agreement. 

Section 7.5 Notices. All notices, requests, permissions, waivers and other communications hereunder shall be in writing and shall
be deemed to have been duly given (a) five (5) Business Days following sending by registered or certified mail, postage prepaid, (b) when sent, if sent by facsimile or email of a PDF document (with confirmation of transmission) if sent
during normal business hours of the recipient, and on the next Business Day if sent after normal business hours of the recipient, (c) when delivered, if delivered personally to the intended recipient, and (d) one (1) Business Day following
sending by overnight delivery via a national courier service and, in each case, addressed to a Party at the following address for such Party (as updated from time to time by notice in writing to the other Party): 

i. If to RemainCo: 

c/o Xperi Holding Corporation 

3025 Orchard Parkway 

San Jose, CA 95134 

Attention: General Counsel 

ii. If to SpinCo: 

Xperi Inc. 

2160 Gold Street 

San Jose, CA 95002 

Attention: General Counsel 

Section 7.6 Counterparts; Electronic Delivery. This Agreement may be executed in multiple counterparts, each of which when
executed shall be deemed to be an original, but all of which together shall constitute one and the same agreement. 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 7.7 Severability. If any term or other provision of this Agreement or the Schedules attached hereto is determined by
a nonappealable decision by a court, administrative agency or arbitrators 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 is not affected 

  
 20 

 
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
arbitrators 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 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 7.8
Assignability; Binding Effect. This Agreement shall be binding upon and inure to the benefit of the Parties and their successors and permitted assigns; provided, however, that the rights and obligations of each Party under this Agreement
shall not be assignable, in whole or in part, directly or indirectly, whether by operation of law or otherwise, by such Party without the prior written consent of the other Party (such consent not to be unreasonably withheld, conditioned or delayed)
and any attempt to assign any rights or obligations under this Agreement without such consent shall be null and void. Notwithstanding the foregoing, either Party may assign its rights and obligations under this Agreement to any of their respective
Affiliates; provided that no such assignment shall release such assigning Party from any liability or obligation under this Agreement. 

Section 7.9 Termination; Effect of Termination. Upon written notice, this Agreement may be terminated at any time prior to the
Effective Time by and in the sole discretion of RemainCo without the approval of SpinCo or any other party thereto. In the event of termination pursuant to this Section 7.9, neither Party shall have any Liability of any kind to the other Party
as a result of such termination. 
 Section 7.10 Governing Law. This Agreement shall be governed by, and construed and enforced
in accordance with, the substantive Laws of the State of Delaware, without regard to any conflicts of law provisions thereof that would result in the application of the Laws of any other jurisdiction. 

Section 7.11 Construction. 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 had access to independent legal advice, have conducted such investigations they thought appropriate, and have consulted with such other independent 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. 

  
 21 

 Section 7.12 Performance. Each Party shall cause to be performed, and hereby
guarantees the performance of, all actions, agreements and obligations set forth herein to be performed by any Subsidiary or Affiliate of such Party. 

Section 7.13 Title 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 7.14
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. 

[Signature Page Follows] 

  
 22 

 IN WITNESS WHEREOF, the Parties have caused this Agreement to be duly executed as of the day
and year first above written. 
  

			
	XPERI HOLDING CORPORATION
		
	By:	 	 
		 	Name:
		 	Title:
	
	XPERI INC.
		
	By:	 	 
		 	Name:
		 	Title:

  
 23 

 Schedule 1.1 

[omitted] 

  
 24 

 Schedule 3.1 

[omitted] 

  
 25 

 Schedule 4.4 

[omitted] 

  
 26EX-10.3

 Exhibit 10.3 

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

BETWEEN 
 XPERI INC.

 AND 
 ADEIA
INC. 
 ADEIA MEDIA LLC 

ADEIA MEDIA HOLDINGS LLC 

EFFECTIVE AS OF [•] 
  

 CONFIDENTIAL 

 

  

			
	 SCHEDULES
	  	 
		
	 SCHEDULE 1
	  	 Additional License Terms

		
	 SCHEDULE 1-A
	  	 Inventor Support

		
	 SCHEDULE 1-B
	  	 Patent Pick Right

		
	 SCHEDULE 2
	  	 Litigation Support

		
	 SCHEDULE 3
	  	 [***]

		
	 SCHEDULE 4
	  	 Advertising

		
	 SCHEDULE 5
	  	 Metadata

		
	 SCHEDULE 6
	  	 Personalized Content Discovery

		
	 SCHEDULE 7
	  	 TV Viewership Data

  

  
 1 

 CROSS BUSINESS LICENSE AGREEMENT 

This CROSS BUSINESS LICENSE AGREEMENT (this “Agreement”) is effective as of [•] (the “Effective Date”),
by and between Xperi Inc. (f/k/a TiVo Product HoldCo Corporation), a corporation organized under the laws of Delaware, whose principal place of business is located at 2160 Gold Street, San Jose, CA 95002 (“ProductCo”) on behalf of
itself and its Affiliates, Adeia Inc. (f/k/a Xperi Holding Corporation), a corporation organized under the laws of Delaware (“Adeia”) on behalf of itself and its Affiliates, Adeia Media LLC (f/k/a Rovi LLC), a limited liability
company organized under the laws of Delaware (“Adeia Media”) on behalf of itself and its Affiliates, and Adeia Media Holdings LLC (f/k/a TiVo LLC), a limited liability company organized under the laws of Delaware (“Adeia
Media Holdings”) on behalf of itself and its Affiliates, each of whose principal place of business is located at 3025 Orchard Parkway, San Jose, CA 95134 (Adeia, Adeia Media and Adeia Media Holdings collectively, “IPCo”).
Each of ProductCo, Adeia, Adeia Media and Adeia Media Holdings may be individually referred to herein as a “Party” and collectively as the “Parties”. 

WHEREAS, the Parties have entered into that Separation and Distribution Agreement pursuant to which the ProductCo Entities separated from
Adeia (the “Separation” and such agreement, the “Separation Agreement”), 
 WHEREAS, in connection with
the Separation, the IPCo Entities retained all rights to certain patents owned by Adeia and its Subsidiaries and other valuable assets of Adeia and its Subsidiaries, 

WHEREAS, the IPCo Entities desire to license such patents and other patents to the ProductCo Entities to allow the ProductCo Entities to
continue Adeia’s and its Subsidiaries’ existing product business after the Separation, 
 WHEREAS, the ProductCo Entities desire
to obtain such license in accordance with the terms and conditions of this Agreement; and 
 WHEREAS, all of the rights, licenses,
immunities, covenants, representations warranties granted under this Agreement by the IPCo Entities and the financial provisions related thereto are being provided to the ProductCo Entities in the context of (a) the broader Separation and
consideration between the IPCo Entities and the ProductCo Entities, including the rights and the value of the assets retained by the IPCo Entities under the Separation Agreement, and (b) the unique services that the ProductCo Entities agree to
provide to the IPCo Entities under this Agreement, including the Inventor Support and Litigation Support (collectively, the “Specified Conditions”). 

NOW, THEREFORE, in consideration of the rights, licenses, immunities, covenants, representations, and warranties set forth herein, and for
other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties, intending to be legally bound, hereby agree as follows: 

  
 1 

 1. DEFINITIONS AND REFERENCES 

1.1 Definitions. In addition to the capitalized terms defined throughout this Agreement the following terms when used herein, have the
respective meanings assigned to them below: 
 “Acquired Patents” means Patents acquired by any IPCo Entity from a third
party pursuant to a Patent purchase or the acquisition of a Person, at any time between the Effective Date and the end of the Term, where the transaction or series of related transactions under which such Patents are acquired is for less than [***]
(a) which are owned by any IPCo Entity; or (b) under which any IPCo Entity has or obtains, at any time between the Effective Date and the end of the Term, the contractual right to grant licenses or sublicenses to third parties, but in each of
case (a) and (b), only to the extent that such rights are available for license or sublicense by any IPCo Entity to the ProductCo Entities within the scope set forth in this Agreement. For the avoidance of doubt, the definition of Acquired
Patents does not include any claim of any Patent in which any IPCo Entity acquires rights after the Effective Date if a grant of a license or the exercise of rights thereunder would result in (i) the payment of fees, royalties or other
consideration by any IPCo Entity to a third party (other than payments between or among the IPCo Entities or except when a ProductCo Entity is willing to pay the applicable fees, royalties or other consideration to such third party), or
(ii) the loss of such rights in such acquired Patent by any IPCo Entity. 
 “Action” means any demand, action, claim,
cause of action, suit, countersuit, arbitration, inquiry, case, litigation, subpoena, proceeding or investigation (whether civil, criminal or administrative) by or before any court or grand jury, any Governmental Entity or any arbitration or
mediation tribunal or authority. 
 “Advertising” means the ProductCo Entities’ data and advertising products as
further described in Schedule 4. 
 “Affiliate” means, with respect to any Person, any other Person who, as of the
relevant time for which the determination of affiliation is being made, directly or indirectly Controls, is Controlled by, or is under common Control with, such Person, but such Person shall be an “Affiliate” only for so long as such
control exists. Notwithstanding anything in this Agreement to the contrary, (a) with respect to Adeia Media, Affiliates shall be limited to Subsidiaries of Adeia Media, (b) with respect to Adeia Media Holdings, Affiliates shall be limited
to Subsidiaries of Adeia Media Holdings other than Adeia Media and its Subsidiaries, and (c) with respect to Adeia, Adeia Media and its Affiliates and Adeia Media Holdings and its Affiliates shall at no time be considered Affiliates of Adeia.

 “Agreement Year” shall mean a period of twelve (12) months commencing on [__________]1 and ending on [__________] during the Term. 
 [***] 

“Applicable Law” means, with respect to any Person, any transnational, domestic or foreign federal, state, or local law
(statutory, common, or otherwise), constitution, treaty, convention, ordinance, code, rule, regulation, order, injunction, judgment, decree, ruling or other similar requirement enacted, adopted, promulgated, or applied by a Governmental Authority
that is binding upon or applicable to such Person, as amended unless expressly specified otherwise. 
  

 

	1 	 Insert month and day of Effective Date. For example, if Effective Date is June 1, 2022, June 1. Second
blank would then be May 31. 

  
 2 

 “Business Day” means a day, other than Saturday, Sunday, or other day on
which commercial banks in California are authorized or required by Applicable Law to close. 
 [***] 

“Change of Control” means, with respect to any Party, (a) any consolidation, merger or other capital reorganization or
business combination of such Party with or into any other corporation, limited liability company or other entity other than the Existing Holders, (b) the sale, transfer, or assignment of securities of such Party representing a majority of the
voting power of all of such Party’s outstanding voting securities to a third-party acquiring party or group other than the Existing Holders, (c) any Acquirer (as defined in Section 12.5), other than the Existing Holders, obtaining the
majority of the power, directly or indirectly, to direct or cause the direction of the management and policies of such Party, or (d) the consummation of a transaction, or series of related transactions, in which any “person” (as such
term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) other than the Existing Holders becomes the “beneficial owner” (as defined in Rule
13d-3 of the Exchange Act), directly or indirectly, of a majority of the Party’s then outstanding voting securities. For the avoidance of doubt, under no circumstances shall any internal reorganization of
a Party or any separation, spin-out, initial public offering or other change in ownership of a Party or its Affiliates that does not involve a bona fide, unaffiliated, third-party acquirer constitute a Change of Control that would in any way
limit (a) any of the rights, licenses, covenants-not-to-sue, indemnity, or other immunities granted to a Party and its Affiliates under this Agreement, or (b) any of the obligations of the other Party or its Affiliates under this Agreement. 

[***] 
 “Component
Technologies” means any components, modules, or portions of a video entertainment platform (other than an IPG) that are provided or performed by or on behalf of a ProductCo Entity, but not as part of or bundled with a comprehensive video
entertainment platform. The Parties acknowledge and agree that the ProductCo Entities’ following technology offerings, as they exist on the Effective Date and new versions thereof that are the natural growth and evolution of such products (so
long as such new versions continue to meet the definition of Component Technologies), constitute Component Technologies under this Agreement: Personalized Content Discovery, Metadata, TV Viewership Data, and Advertising. 

“Confidential Information” means any and all non-public, confidential and/or
proprietary information of a Party or its Affiliates disclosed by the disclosing Party or its representatives to the receiving Party or its representatives, whether orally, in writing or otherwise. Without limiting the generality of the foregoing,
Confidential Information may include, the terms and provisions of this Agreement and all business, technical (e.g., information that relates to or concerns Patents, trade secrets, research, experimental work, product plans, products, developments, know-how, inventions, processes, design details, engineering, technology, software (including source and object code), algorithms) and financial information used, obtained or maintained by such Party or its
Affiliates which provides such Party or its Affiliates an advantage over competitors who do not know or use it and derives to such Party economic value (actual or potential) from not being generally known to the public or to other entities who can
obtain economic or other value from its disclosure and use. 

  
 3 

 “Control” means, when used with respect to any Person, (a) the direct
or indirect ownership or control (whether by contract or otherwise) of more than fifty percent (50%) of the stock or shares entitled to vote for the election of directors or similar managing authority, or to direct the vote in such elections, or
(b) otherwise having the power (whether by contract or otherwise) to direct management policies, and the terms “Controlling” and “Controlled” have correlative meanings. 

“Developed Patents” means Patents owned by any IPCo Entity based on inventions developed by or for such IPCo Entity and any
Patents that issue therefrom at any time between the Effective Date and the end of the Term. 
 “Exchange Act” has the
meaning given to such term in the definition of Change of Control. 
 [***] 

[***] 
 “Excluded
Products” means [***]. 
 [***] 

“Existing Holders” means, with respect to a Party undergoing a transaction described in the definition of Change of Control,
the equity holders (or Affiliates thereof) holding, directly or indirectly, more than fifty percent (50%) of the voting interest of such Party immediately prior to such transaction. 

“Governmental Authority” means any nation or government, any state, municipality or other political subdivision thereof and
any entity, body, agency, commission, department, board, bureau or court, whether domestic, foreign, multinational or supranational exercising executive, legislative, judicial, regulatory, self-regulatory or administrative functions of or pertaining
to government and any executive official thereof. 
 [***] 

[***] 
 “Inventor
Support” means the inventor support set forth on Schedule 1-A. 
 “IPCo
Entities” means each of Adeia, Adeia Media, Adeia Media Holdings and their Affiliates. 
 [***] 

“IPG” means any electronic or interactive program guide by which an end-user can
(a) access program information (text, graphics, video or any combination thereof) for video programming and other related services, whether scheduled, delivered on demand or time-delayed (e.g., broadcast, cable, satellite, OTT, PPV, NVOD, SVOD,
VOD, DVR), (b) navigate interactively through such program information, and/or (c) access such video programming and other related services through such program information. 

  
 4 

 [***] 

“License Fees” means [***]. 

“Licensed Patents” means the Separation Patents, the Developed Patents, and the Acquired Patents. For clarity, (a) the
rights, licenses, covenants-not-to-sue, indemnity and other immunities granted under this Agreement with respect to Licensed
Patents owned by Adeia Media and its Affiliates are being granted by Adeia Media, on behalf of itself and its Affiliates (and not by Adeia or Adeia Media Holdings), (b) the rights, licenses, covenants-not-to-sue, indemnity and other immunities granted under this Agreement with respect to Licensed Patents owned by Adeia Media Holdings and its Affiliates are
being granted by Adeia Media Holdings, on behalf of itself and its Affiliates (and not by Adeia or Adeia Media), and (c) the rights, licenses,
covenants-not-to-sue, indemnity and other immunities granted under this Agreement with respect to Licensed Patents owned by Adeia
and its Affiliates are being granted by Adeia, on behalf of itself and its Affiliates (and not by Adeia Media or Adeia Media Holdings). 

“Licensed Products” means the Non-Media Licensed Products and Media Licensed
Products. 
 “Limited Acquisition” means a ProductCo Entity’s acquisition of a line of business from a Person that is
not an Excluded Customer or of a Person that is not an Excluded Customer and that becomes under ProductCo’s Control after the acquisition, where the acquisition has an aggregate fair market value of less than [***]. 

“Linear Fixed Schedule Programming” means video programming that is provided to multiple
end-users at a prescheduled time as part of a channel. 
 “Litigation Support”
means the litigation support set forth on Schedule 2. 
 “Media Field” means the field of video or other digital
media consumption or delivery in any medium now known or hereafter invented, including, without limitation, multi-channel video programming, Linear Fixed Schedule Programming, OTT internet streaming services and content, IPGs, digital video
recorders, and video on demand. 
 “Media Licensed Products” means (a) Pay-TV
Products, (b) Non-Pay-TV Media Products, and (c) products and services acquired by ProductCo pursuant to a Limited Acquisition, solely with respect to the
period from and after the closing of such Limited Acquisition, so long as such products and services meet the definition of Non-Pay-TV Media Products or Pay-TV Products. “Media Licensed Products” shall explicitly exclude Component Technologies and Third-Party Applications. 

“Metadata” means the ProductCo Entities’ metadata products as further described in Schedule 5. 

[***] 
  

  
 5 

 “Multichannel Video Programming Distributor” or “MVPD”
means any telco, cable operator, multichannel multipoint distribution service, direct broadcast satellite service, television receive-only satellite program distributor, or other distributor of video programming, in each case who makes available for
purchase, by subscribers or customers, multiple channels of Linear Fixed Schedule Programming provided by multiple unaffiliated third-party content providers. 

“Newly Owned” means any issued Patent that a Party has owned for less than six (6) months. 

“Non-Media Licensed Products” means any products or services that are provided or
performed by or on behalf of a ProductCo Entity exclusively under a ProductCo Entity-owned or controlled brand, which products and services are not specifically for use in the Media Field. For the avoidance of doubt,
“Non-Media Licensed Products” expressly excludes (a) Media Licensed Products, (b) any portion of any product or service that displays program information for or provides access to a Pay-TV Service, (c) any Pay-TV Service, and (d) any Third-Party Application. The Parties acknowledge and agree that the products and services made, have made, sold,
offered for sale, leased, offered for lease, imported, exported, licensed, or otherwise Transferred directly or indirectly by FotoNation Limited, Perceive Corporation, and/or DTS, Inc. and/or any of their respective Subsidiaries as they existed as
of or prior to the Effective Date and new versions thereof that are the natural growth and evolution of such products (so long as such new versions continue to meet the definition of Non-Media Licensed
Products), constitute Non-Media Licensed Products; provided that Non-Media Licensed Products are not limited to the foregoing products. 

“Non-Pay-TV Media Product” means [***]. The
Parties acknowledge and agree that (A) any products or services of the ProductCo Entities specifically for use in the Media Field (that are not Pay-TV Products) that are commercially deployed or for which
significant steps have been taken toward development or commercialization as of the Effective Date and new versions thereof that are the natural growth and evolution of such products (so long as such new versions continue to meet the definition of Non-Pay-TV Media Products), and (B) the following video entertainment platforms as they exist on the Effective Date and new versions thereof that are the natural growth
and evolution of such platforms (so long as such new versions continue to meet the definition of Non-Pay-TV Media Products), constitute “Non-Pay-TV Media Products”: “TiVo Stream 4K,” “TiVo Stream App,” “TiVo OS,” “TiVo Edge for Antenna,” “TiVo Mini Lux,” and direct-to-consumer DVR devices; provided that Non-Pay-TV Media Products are not limited to the
foregoing products. 
 “Patents” means any United States, international or foreign classes or types of patents, utility
models, design patents, applications (including provisional applications), certificates of invention, reissues, divisionals, continuations, continuations-in-part,
extensions, renewals, reexaminations, and foreign counterparts thereof. 
 “Pay-TV
Product” means [***]. “Pay-TV Product” expressly excludes any Third-Party Applications. The Parties acknowledge and agree that the ProductCo Entities’ following video entertainment
software platforms, as they exist on the Effective Date and new versions thereof that are the natural growth and evolution of such products (so long as such new versions continue to meet the definition of
Pay-TV Products), constitute “Pay-TV Products”: “iGuide,” “Passport,” “DTA Guide,” “TiVo Experience 4,” and
“MobiTV”; provided that the Pay-TV Products are not limited to the foregoing products. 

  
 6 

 “Pay-TV Provider” means a provider
of Pay-TV Services. 
 “Pay-TV Provider
Subscriber” means any Person or location that is intentionally authorized by a Pay-TV Provider to receive one or more Pay-TV Services, whether single-family
residential, commercial (including bars, restaurants, offices and retail stores) or a multiple-dwelling unit (including hotels, motels and hospitals) through a Pay-TV Produc[***]. 

[***] 
 [***] 

[***] 
 [***] 

“Pay-TV Service” means [***]. 

[***] 
 [***] 

[***] 
 [***] 

[***] 
 [***] 

“Person” means an individual, corporation, partnership, limited liability company, association, trust or other entity or
organization, including a Governmental Authority. 
 “Personalized Content Discovery” means the ProductCo Entities’
personalized content discovery products as further described in Schedule 6. 
 “Pick Right” has the meaning given to
such term in Section 6 of Schedule 1 (Pick Right). 
 [***] 

[***] 
 “ProductCo
Customers” means any Person that purchases Media Licensed Products directly or indirectly from (i) a ProductCo Entity or (ii) an IPCo Entity prior to the Effective Date, including, in each case, by way of example, a Pay-TV Provider and its Pay-TV Provider Subscribers. 

“ProductCo Entities” means ProductCo and its Affiliates. 

[***] 

  
 7 

 [***] 

[***] 
 [***] 

“Separation Patents” means any Patents that are owned by any IPCo Entity on the Effective Date and any Patents that issue
therefrom after the Effective Date. 
 “Subsidiary” means, with respect to any Person, any other Person Controlled by such
Person, but such Person shall be a “Subsidiary” only for so long as such Control exists. 
 “Third-Party
Applications” means [***]. 
 “Transfer” means provide, deliver, or distribute (including, install or download)
regardless of the basis, amount, or timing of compensation (if any). 
 “TV Viewership Data” means the ProductCo
Entities’ TV viewership data product as further described in Schedule 7. 
 [***] 

[***] 
 [***] 

1.2 Other Definitional and Interpretive Provisions. The words “hereof”, “herein” and “hereunder” and
words of like import used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement. The captions herein are included for convenience of reference only and shall be ignored in the construction
or interpretation hereof. References to Sections and Schedules are to Sections and Schedules of this Agreement unless otherwise specified. All Schedules annexed hereto or referred to herein are hereby incorporated in and made a part of this
Agreement as if set forth in full herein. Any capitalized terms used in any Schedule but not otherwise defined therein shall have the meaning as defined in this Agreement. Any singular term in this Agreement shall be deemed to include the plural,
and any plural term the singular. Whenever the words “include,” “includes” or “including” are used in this Agreement, they will be deemed to be followed by the words “without limitation”, whether or not they
are in fact followed by those words or words of like import. “Writing,” “written” and terms comparable thereto refer to printing, typing and other means of reproducing words (including electronic media) in a visible form.
References to any statute, rule or regulation shall be deemed to refer to such statute, rule or regulation as amended or supplemented from time to time, including through the promulgation of applicable rules or regulations. References to any
agreement or contract are to that agreement or contract as amended, modified, or supplemented from time to time in accordance with the terms hereof and thereof. References to any Person include the successors and permitted assigns of that Person.
References from or through any date mean, unless otherwise specified, from and including such date or through and including such date, respectively. References to one gender include all genders. All amounts due hereunder shall be made via wire
transfer in accordance with instructions to be supplied during the Term and shall be payable in funds denominated in U.S. dollars. 

  
 8 

 2. LICENSE 

2.1 IP License under the Licensed Patents for Media Licensed Products. In consideration of the Specified Conditions and the other
obligations of ProductCo under this Agreement, IPCo on behalf of the IPCo Entities hereby grants to the ProductCo Entities, under the Licensed Patents and during the Term (except as set forth below and in Section 7 (Term and Termination), a
worldwide, irrevocable (except as set forth in Section 7 (Term and Termination)), non-exclusive, non-sublicensable (except as set forth in Section 2.2
(Sublicense Rights)), non-transferable (except as otherwise permitted under this Agreement) right and license to: (a) make and have made Media Licensed Products, (b) sell, offer for sale,
lease, offer for lease, import, export, license, or otherwise Transfer Media Licensed Products directly or indirectly to ProductCo Customers, and (c) use, and permit ProductCo Customers to use Media Licensed Products. [***]. 

2.2 Sublicense Rights. ProductCo Entities may grant to manufacturers, suppliers, distributors, and resellers of Licensed Products,
limited non-exclusive sublicenses under the Licensed Patents (as applicable, per the terms of the applicable license), solely for the purpose of allowing such Person to make, have made, sell, offer for sale,
lease, offer for lease, import, export, license or otherwise Transfer and/or use Licensed Products on behalf of and for the benefit of the ProductCo Entities as licensed under this Agreement. Any limited sublicenses granted shall be subject to the
license limitations and all other applicable terms set forth in this Agreement. ProductCo will be responsible for paying any applicable License Fees specified for the Media Licensed Products, even if such Media Licensed Products are sold on behalf
of ProductCo through a Person pursuant to a sublicense license granted to it under this Section 2.2. The Parties acknowledge and agree that the sublicenses granted under this Section 2.2 are intended to provide third parties with
sufficient rights to deploy Media Licensed Products under the terms and conditions of this Agreement and are not intended to be used by ProductCo in an attempt to provide third parties with a license under the Licensed Patents for products not
licensed under this Agreement. 
 2.3 [***]. 

2.4 Reservation of Rights. Except as expressly set forth in this Agreement, no right, license, covenant-not-to-sue, release or other immunity is granted, by estoppel, implication, exhaustion, other doctrine of law, equity or otherwise, under any intellectual
property right, to any Party or any of its Affiliates. Any future encumbrance, assignment, license, sublicense, or other transfer of or rights to or impacting any of the Licensed Patents shall be made subject to this Agreement, including all rights,
licenses, covenants-not-to-sue, releases and other immunities granted to the ProductCo Entities. 

3. FEES 
 3.1 License Fees. [***] 

  
 9 

 3.2 License Fee Adjustments. [***]. 

3.3 Calculation [***]. 

3.4 [***]. 
 3.5 Payment
Terms [***]. 
 3.6 Taxes. 

(a) Withholdings or Deductions. Notwithstanding Section 3.6(b) (Other Taxes), ProductCo is entitled to deduct and withhold
from any consideration payable under or otherwise deliverable under this Agreement amounts required to be deducted or withheld under Applicable Law (“Withholding Taxes”); provided that ProductCo will timely: (i) remit
Withholding Taxes to the appropriate tax authority, (ii) provide all original receipts or necessary documentation evidencing payment to the relevant Governmental Authority to IPCo, and (iii) cooperate with IPCo as reasonably requested to
support foreign tax credits IPCo may claim attributable to Withholding Taxes. 
 (b) Other Taxes. For all other taxes and fees, each
Party shall be responsible for its own respective taxes, tariffs, fees, duties, levies, or charges imposed on or with respect to income or receipts, net worth, or real, tangible, intangible property it owns or leases, for franchise, privilege or
other taxes, tariffs, or impositions on its own business or resulting from its own business activities. 
 (c) Tax Cooperation. The
Parties agree to reasonably cooperate with each other on matters under this Section 3.6 (Taxes). 
 3.7 Reports and Audit
Rights. 
 (a) Reports. [***]. 

(b) [***]. 
 (c) Audit
Rights. [***]. 
  

  
 10 

 4. REPRESENTATIONS AND WARRANTIES 

4.1 IPCo Entity Representations and Warranties. IPCo represents, warrants and covenants to ProductCo that: (a) this Agreement is a
legal, valid and binding obligation of IPCo, enforceable against each IPCo Entity in accordance with its terms, and IPCo has the right to enter into this Agreement on behalf of each IPCo Entity and to cause each IPCo Entity to comply with its terms
and conditions; (b) the individual signing this Agreement on behalf of IPCo is duly authorized by IPCo to do so and to bind each IPCo Entity to this Agreement, without any further act or authorization; [***]. 

4.2 ProductCo Representations and Warranties. ProductCo represents, warrants and covenants to IPCo that: (a) this Agreement is a
legal, valid and binding obligation of ProductCo, enforceable against each ProductCo Entity in accordance with its terms, and ProductCo has the right to enter into this Agreement on behalf of each ProductCo Entity and to cause each ProductCo Entity
to comply with its terms and conditions; and (b) the individual signing this Agreement on ProductCo’s behalf is duly authorized by ProductCo to do so and to bind each ProductCo Entity to this Agreement, without any further act or
authorization. 
 4.3 No Other Representations or Warranties. EACH PARTY HEREBY ACKNOWLEDGES AND AGREES THAT EXCEPT AS EXPRESSLY SET
FORTH IN THIS AGREEMENT, NEITHER PARTY HAS MADE NOR SHALL BE DEEMED TO HAVE MADE, AND EACH PARTY HEREBY DISCLAIMS, ANY OTHER REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED (WHETHER BY STATUTE, CUSTOM OR OTHERWISE), INCLUDING ANY REPRESENTATION OR
WARRANTY (EXPRESS OR IMPLIED) AS TO MERCHANTABILITY, FITNESS FOR A PARTICULAR USE OR PURPOSE OR NON-INFRINGEMENT, VALIDITY OR ENFORCEABILITY OF INTELLECTUAL PROPERTY. SUBJECT TO SECTIONS 4.1(C) AND 4.1(D),
WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, IPCO DOES NOT MAKE ANY REPRESENTATION OR WARRANTY THAT THE EXPLOITATION OF THE LICENSED PRODUCTS LICENSED HEREUNDER DOES NOT AND SHALL NOT INFRINGE ANY PATENT, COPYRIGHT, MASK WORK, TRADE SECRET OR
OTHER PROPRIETARY OR INTELLECTUAL PROPERTY RIGHT OF ANY THIRD PARTY. 
 5. CONFIDENTIAL INFORMATION 

5.1 Obligations of Confidentiality. In connection with the Parties’ activities under this Agreement, each Party and its Affiliates
may be supplying or disclosing to the other Party and its Affiliates, in confidence, certain Confidential Information. All Confidential Information shall be and shall remain the sole and exclusive property of the disclosing Party or its Affiliates.
Except as specifically provided elsewhere in this Agreement, the receiving Party shall not use the Confidential Information of the disclosing Party other than for the purposes of this Agreement, and shall disclose the same only on a need-to-know basis to those of its Affiliates and its and their full-time employees, and contractors expressly contemplated hereunder who are subject to written
confidentiality agreements with terms no less stringent than those provided in this Section 5 (Confidential Information). Each Party shall diligently enforce such confidentiality agreements with its Affiliates and its and their employees and
contractors and shall be responsible for any breach of such Party’s confidentiality obligations under this Agreement by its Affiliates and its and their employees and contractors. Other than as provided in this Agreement, receiving Party shall
not disclose disclosing Party’s Confidential Information to third parties. Each of the Parties shall and shall cause their Affiliates to use at least the same procedures and degree of care which it uses to prevent the disclosure of its own
Confidential Information, but in no event less than a reasonable standard of care. The Parties’ confidentiality obligations under this Section 5 

  
 11 

 
(Confidential Information) shall survive the termination or expiration of this Agreement. Upon termination of this Agreement, if requested by the disclosing Party, the receiving Party
shall promptly return to the disclosing Party or destroy all documents, records, notebooks, and other materials (in any form or format) containing or reflecting any Confidential Information (excluding the terms and conditions of this Agreement) of
the disclosing Party then in the receiving Party’s possession or control. 
 5.2 Exclusions. The Parties’ confidentiality
obligations under this Agreement will not apply to any information that (a) is or becomes generally known to the public without fault of receiving Party, (b) receiving Party can show by written documentation was in its possession without
any obligation of confidentiality prior to receipt thereof from disclosing Party, (c) receiving Party can show by written documentation, was independently developed by receiving Party without use of or reference to the Confidential Information
of disclosing Party, or (d) receiving Party can show by written documentation, is rightfully obtained by receiving Party from a third party without any obligation of confidentiality to disclosing Party. Nothing in this Agreement will prohibit
receiving Party from disclosing Confidential Information of disclosing Party if legally required to do so by Applicable Law (including any rules of, or any listing agreement with, any national stock exchange or national listing system) or
Governmental Authority, judicial or governmental order or in a judicial or governmental proceeding (“Required Disclosure”); provided that receiving Party shall (i) give disclosing Party reasonable notice of such Required
Disclosure prior to disclosure, (ii) cooperate with disclosing Party in the event that it elects to contest such disclosure or seek a protective order with respect thereto, and (iii) in any event only disclose the exact Confidential
Information, or portion thereof, specifically requested by the Required Disclosure. Confidential Information that is disclosed pursuant to a Required Disclosure shall remain otherwise subject to the confidentiality provisions of this Agreement, and
the Party disclosing Confidential Information pursuant to Required Disclosure shall take all reasonable steps necessary, including without limitation obtaining an order of confidentiality, to ensure the continued confidential treatment of such
Confidential Information 
 5.3 Permitted Disclosures. Each Party may provide a copy of this Agreement to the following Person who
are under written obligations of confidentiality substantially similar to those set forth in this Agreement: potential acquirers, merger partners or investors and to their employees, agents, attorneys, investment bankers, financial advisors, and
auditors in connection with the due diligence review of such Party. Each Party also may provide a copy of this Agreement to (a) the Party’s or its Affiliate’s public accounting firm in connection with the quarterly and annual
financial or tax audits, (b) to the Party’s or its Affiliate’s outside legal advisors in connection with obtaining legal advice relating to this Agreement, the relationship established by this Agreement or any related matters. Each
Party may also disclose this Agreement to Governmental Authorities as necessary to enforce or satisfy the terms and conditions of this Agreement (including by filing this Agreement with any Governmental Authority), with appropriate redactions where
permitted by Applicable Law or such Governmental Authority. 
 5.4 Injunctive Relief. Receiving Party acknowledges and agrees that
due to the unique nature of disclosing Party’s Confidential Information, there can be no adequate remedy at law for any breach of its obligations hereunder, that any such breach may allow receiving Party or third parties to unfairly compete
with disclosing Party resulting in irreparable harm to disclosing Party and, therefore, that upon any such breach or any threat thereof, disclosing Party will be entitled to seek appropriate equitable relief without the requirement of posting a
bond, in addition to whatever remedies it might have at law. Receiving Party will notify disclosing Party in writing immediately upon the occurrence of any such unauthorized release or other breach of which it is aware. 

 

  
 12 

 6. LIMITATION OF LIABILITY 

6.1 Limitation of Liability. [***], UNDER NO CIRCUMSTANCES SHALL EITHER PARTY BE LIABLE TO THE OTHER PARTY FOR SPECIAL, INDIRECT,
INCIDENTAL OR CONSEQUENTIAL DAMAGES, INCLUDING, LOSS OF REVENUES, PROFITS, USE, GOODWILL, MARKET SHARE OR BUSINESS OPPORTUNITY, IN CONNECTION WITH ANY CLAIM OR ACTION, WHETHER IN CONTRACT, TORT OR OTHERWISE, ARISING OUT OF THIS AGREEMENT. 

7. TERM AND TERMINATION 
 7.1 Term. This
Agreement shall be effective as of Effective Date and shall continue in effect until the tenth (10th) anniversary of the Effective Date, unless terminated earlier in accordance with Section 7.2
(Termination for Challenge) or 7.3 (Termination for Breach) (such period of effectiveness, the “Term”). 

7.2 Termination for Challenge. IPCo may terminate this Agreement if any ProductCo Entity, directly or indirectly, challenges the
validity or enforceability of any Licensed Patent in any court or administrative agency, or provides financing or direction for such a challenge by a third-party, and fails to rescind or terminate such challenge within thirty (30) days of
receiving notice from IPCo Entities. [***]. 
 7.3 Termination for Breach.

(a) IPCo may terminate this Agreement if any ProductCo Entity is in material breach of any of its covenants, agreements, representations, or
warranties contained in this Agreement and fails to remedy or cure such breach (if capable of being remedied or cured) within thirty (30) days after receiving written notice thereof. 

(b) ProductCo may terminate this Agreement if any IPCo Entity is in material breach of any of its covenants, agreements, representations, or
warranties contained in this Agreement and fails to remedy or cure such breach (if capable of being remedied or cured) within thirty (30) days after receiving written notice thereof. 

7.4 Effect of Expiration of this Agreement. Upon expiration of this Agreement: 

(a) [***], all rights and licenses granted to the ProductCo Entities for the Media Licensed Products shall immediately terminate[***]; 

(b) All rights and licenses granted to the ProductCo Entities for the Non-Media Licensed Products
under the Acquired Patents and Developed Patents shall immediately terminate [***]; and 

  
 13 

 (c) All other rights and licenses shall survive or terminate per the terms of the applicable
licenses set forth in this Agreement. 
 7.5 [***] 

7.6 Survival. For clarity, the license granted in Section 2.1 (IP License under the Licensed Patents for Media Licensed
Products) under the Separation Patents will continue for the remainder of the Term [***] regardless of any early termination hereof. The expiration or termination of this Agreement shall not relieve the Parties of any obligation accruing prior
to such expiration or termination, nor shall the expiration or termination of this Agreement preclude any Party from pursuing any and all rights and remedies it may have under this Agreement, at law or in equity, with respect to any breach of this
Agreement. Upon termination or expiration of this Agreement, all rights and licenses shall survive or terminate per the terms of the applicable right and license set forth in this Agreement.

8. LITIGATION SUPPORT. For as long as any ProductCo Entity is a licensee of any Licensed Patent, ProductCo agrees to, and agrees to cause the ProductCo
Entities to, provide all relevant documentation and perform all acts reasonably necessary and reasonably requested by IPCo to assist the IPCo Entities in satisfying the domestic industry requirement under International Trade Commission rules, and
other litigation support. Additional details regarding litigation support are set forth in Schedule 2. 
 9. ACQUISITION AND DIVESTITURE OF OR BY
PRODUCTCO [***]. 
 10. [***] 
 11. [***]. 

11.1 [***]. 
 11.2
Acquisition of IPCo. Notwithstanding anything to the contrary in this Agreement, if any third party acquires Control of IPCo or becomes under common Control with IPCo, or IPCo consolidates, merges or otherwise combines with a third party,
then the licenses and other rights granted under this Agreement by the IPCo Entities (including, for clarity, the Indemnification Obligations and Standstill granted by the IPCo Entities) shall not include any Patents owned by such third party or by
any Person that was an Affiliate of such third party immediately prior to such acquisition, consolidation, merger or other combination. 

  
 14 

 12. MISCELLANEOUS PROVISIONS 

12.1 Separate Entities. No officer, employee, agent or independent contractor of either Party or its Affiliates shall at any time be
deemed to be an officer, employee, agent, or independent contractor of the other Party for any purpose whatsoever, and the Parties shall use commercially reasonable efforts to prevent any such misrepresentation. Nothing in this Agreement shall be
deemed to create any joint venture, partnership, or principal-agent relationship between the Parties, and neither Party shall hold itself out in its advertising or in any other manner which would indicate any such relationship with the other Party.

 12.2 Notices. All notices, requests and other communications to any Party hereunder shall be in writing (including electronic mail
(“e-mail”) transmission, so long as a receipt of such e-mail is requested and received) and shall be given, 

if to ProductCo, to: 
 Xperi Inc.

 2160 Gold Street, San Jose, CA 95002 

Attention: [•] 
 E-mail: [•] 
 with a copy to: 

[•] 
 [•] 

Attention: [•] 
 E-mail: [•] 
 if to IPCo, to: 

Adeia Inc. 
 3025 Orchard Parkway,
San Jose, CA 95134 
 Attention: [•] 

E-mail: [•] 

with a copy to: 
 [•] 

[•] 
 Attention: [•]

 E-mail: [•] 

or such other address as such Party may hereafter specify for the purpose by notice to the other Party. All such notices, requests and other communications
shall be deemed received on the date of receipt by the recipient thereof if received prior to 5:00 p.m. in the place of receipt and such day is a Business Day in the place of receipt. Otherwise, any such notice, request or communication shall be
deemed not to have been received until the next succeeding Business Day in the place of receipt. 

  
 15 

 12.3 Bankruptcy. All rights and licenses granted under this Agreement are, and will
be deemed to be, licenses of rights to and respecting “intellectual property” for purposes of Section 365(n), and as defined in Section 101(35)(A), of the U.S. Bankruptcy Code (11 U.S.C. Section 101 et. seq., as amended)
(the “Bankruptcy Code”), and to the extent necessary to preserve the rights of the ProductCo Entities hereunder, including the license rights granted under this Agreement, this Section shall be treated as supplementary to this
Agreement pursuant to Section 365(n) of the Bankruptcy Code. Each ProductCo Entity may elect to retain and fully exercise all of its rights and elections under Section 365(n) of the Bankruptcy Code, including the retention of all of its
rights as licensee hereunder, notwithstanding the rejection of this Agreement by any IPCo Entity as debtor in possession, or a trustee or similar functionary in bankruptcy acting on behalf of the debtor’s estate. In the event that any such
proceeding shall be instituted by or against such IPCo Entity seeking to adjudicate it bankrupt, or insolvent, or seeking liquidation, winding up, insolvency or reorganization, or relief of debtors, or seeking an entry of an order of relief, or the
appointment of a receiver, trustee or other similar official for it or any substantial part of its property or it shall take any action to authorize any of the foregoing actions, such ProductCo Entity shall have the right to retain and enforce its
rights under this Agreement (including this Section 12.3) as provided under Section 365(n) of the Bankruptcy Code. 
 12.4
Amendments and Waivers. Any provision of this Agreement may be amended or waived if, but only if, such amendment or waiver is in writing and is signed, in the case of an amendment, by each Party to this Agreement, or in the case of a waiver,
by the Party against whom the waiver is to be effective. 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 herein provided shall be cumulative and not exclusive of any rights or remedies provided by Applicable Law. 

12.5 Assignment. The provisions of this Agreement shall be binding upon and inure to the benefit of the Parties and their respective
successors and assigns. Except as set forth in the remainder of this Section 12.5, neither this Agreement nor any rights hereunder may be assigned or otherwise transferred by any Party, in whole or in part, whether voluntarily or by operation of
Applicable Law, without the prior written consent of the other Parties. Any purported assignment or other transfer of this Agreement in contravention of this Section 12.5 shall be null and void ab initio. [***]. 

12.6 Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the state of Delaware, without
regard to the conflicts of law rules of such state. 
 12.7 Dispute Resolution. The provisions (as applicable) of Article IX (Dispute
Resolution) of the Separation Agreement are hereby incorporated by reference mutatis mutandis. 

  
 16 

 12.8 Counterparts; Effectiveness; Third Party Beneficiaries. This Agreement may be
signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. Electronic copies of signatures shall have the same effect as originals. This
Agreement shall become effective only after and subject to each Party having received a counterpart hereof signed by the other Parties. Until and unless each Party has received a counterpart hereof signed by the other Parties, this Agreement shall
have no effect and no Party shall have any right or obligation hereunder (whether by virtue of any other oral or written agreement or other communication). Except as otherwise explicitly provided herein, no provision of this Agreement is intended to
confer any rights, benefits, remedies, obligations, or liabilities hereunder upon any Person other than the Parties and their respective successors and assigns. The Parties acknowledge and agree that the ProductCo Entities are intended third party
beneficiaries of the rights, licenses, covenants-not-to-sue, indemnity, and other immunities granted by the IPCo Entities under
this Agreement. 
 12.9 Entire Agreement. This Agreement and the Separation Agreement constitute the entire agreement between the
Parties with respect to the subject matter of this Agreement and supersede all prior agreements and understandings, both oral and written, among the Parties with respect to the subject matter of this Agreement. 

12.10 Severability. If any term, provision, covenant, or restriction of this Agreement is held by a court of competent jurisdiction or
other authority to be invalid, void, or unenforceable, the remainder of the terms, provisions, covenants, and restrictions of this Agreement shall remain in full force and effect and shall in no way be affected, impaired or invalidated so long as
the economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to any Party. Upon such a determination, the Parties shall negotiate in good faith to modify this Agreement so as to effect the
original intent of the Parties as closely as possible in an acceptable manner in order that the transactions contemplated hereby be consummated as originally contemplated to the fullest extent possible. 

12.11 Construction. This Agreement has been entered into after negotiation and review of its terms and conditions by parties with
substantially equal bargaining power, each of whom has had full and fair opportunity to consult with counsel and is under no compulsion to execute and deliver a disadvantageous agreement. This Agreement incorporates provisions, comments, and
suggestions proposed by both Parties, and shall be deemed to have been drafted by both Parties. No ambiguity or omission in this Agreement shall be construed or resolved against either Party on the ground that this Agreement or any of its provisions
was drafted or proposed by that Party. The language of this Agreement shall be construed as a whole according to its fair meaning and not for or against either Party. 

12.12 Irreparable Harm Arising from Breach. The Parties agree that violation of the provisions contained in this Agreement shall cause
a Party to suffer immediate and irreparable harm for which there is no adequate remedy at law. Therefore, the Parties further agree that in the event of a breach of this Agreement, the non-breaching Party
shall be entitled to preliminary and permanent injunctive relief, in addition to all other remedies available to it at law or equity. 

[Signature page to Cross Business License Agreement follows] 

  
 17 

 IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed by their duly
authorized representatives as of the Effective Date. 
  

					
	XPERI INC.	 		  	ADEIA INC.
			
	By: __________________________________	 		  	By: __________________________________
	Name:	 		  	Name:
	Title:	 		  	Title:
			
	ADEIA MEDIA LLC	 		  	ADEIA MEDIA HOLDINGS LLC
			
	By: __________________________________	 		  	By: __________________________________
	Name:	 		  	Name:
	Title:	 		  	Title:

 Signature Page to Cross Business License Agreement 

 SCHEDULE 1 

ADDITIONAL TERMS 
 [***]

 SCHEDULE 1-A 
  

INVENTOR SUPPORT 
 [***]

 SCHEDULE 1-B 

PATENT PICK RIGHT 
 [***] 

 SCHEDULE 2 

LITIGATION SUPPORT 
 [***]

 SCHEDULE 3 

[***] 
 [***] 

 SCHEDULE 4 

ADVERTISING 
 [***] 

 SCHEDULE 5 

METADATA 
 [***] 

 SCHEDULE 6 

PERSONALIZED CONTENT DISCOVERY 
 [***] 

 SCHEDULE 7 

TV VIEWERSHIP DATA 
 [***]

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