Document:

Exhibit 10.4

    
      

    

     

    Exhibit
      10.4

     

    LICENSE,
      DEVELOPMENT AND RESELLER AGREEMENT

    BETWEEN
      LXE, INC. AND VOXWARE, INC.

     

    

    
      	
              

            	
               

            

    

     

    

    LXE
      Agreement Number: ___________

    Voxware
      Agreement Number: ___________

     

    

     

    

     

    

    
      
        
          
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    Table
      of Contents

     

    

    

      
        	
                1.

              	
                Definitions

              	
                1

              
	
                2.

              	
                Appointment
                  of Voxware as a Reseller by LXE.

              	
                4

              
	
                3.

              	
                Appointment
                  of LXE as a Reseller by Voxware

              	
                4

              
	
                4.

              	
                Exclusivity
                  and Related Restrictions

              	
                5

              
	
                5.

              	
                Responsibilities
                  of the Parties

              	
                6

              
	
                6.

              	
                Pricing
                  and Payment

              	
                7

              
	
                7.

              	
                Transition
                  Issues for the 410 Hardware Products

              	
                9

              
	
                8.

              	
                Development
                  of the Next Generation Products

              	
                9

              
	
                9.

              	
                Forecasts,
                  Ordering, Shipment and Returns

              	
                11

              
	
                10.

              	
                Licensed
                  Software

              	
                12

              
	
                11.

              	
                Maintenance,
                  Warranties and Repairs

              	
                12

              
	
                12.

              	
                Disclaimer
                  of Warranties; Limitation of Liability.

              	
                14

              
	
                13.

              	
                Confidentiality
                  and Non-Disclosure; Press Releases

              	
                15

              
	
                14.

              	
                Indemnification.

              	
                16

              
	
                15.

              	
                Term
                  and Termination.

              	
                16

              
	
                16.

              	
                Effect
                  of Termination or Expiration.

              	
                17

              
	
                17.

              	
                Regulatory
                  Approvals/Reporting/Export.

              	
                18

              
	
                18.

              	
                Records;
                  Audit Rights.

              	
                18

              
	
                19.

              	
                Trademarks,
                  Trade Names and Related Matters

              	
                19

              
	
                20.

              	
                General
                  Provisions.

              	
                20

              

      

      

      
        	
                Appendices

              	 
	
                Appendix
                  A: LXE Pricing to Voxware

              	
                24

              
	
                Appendix
                  B: Voxware Pricing to LXE

              	
                26

              
	
                Appendix
                  C-1: LXE®
                  Trademark Guidelines

              	
                28

              
	
                Appendix
                  C-2: Voxware’s Trademark Guidelines

              	
                28

              
	
                Appendix
                  D: Voxware Customers

              	
                30

              
	
                Appendix
                  E: 410 Technology

              	
                31

              
	
                Appendix
                  F: Next Generation Product Specifications

              	
                32

              

      

     

    

    
      
        
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    LICENSE,
      DEVELOPMENT AND RESELLER AGREEMENT

    

     

    This
      License, Development and Reseller Agreement (“Agreement”), is entered into as of
      September 26, 2005 (the “Signature Date”), by and between LXE Inc., a Georgia
      corporation (“LXE”), and Voxware, Inc., a Delaware corporation
      (“Voxware”).

     

    W I T N E S S E T H: 

     

    WHEREAS,
      Voxware and LXE each develop, manufacture, and sell certain wireless data
      communication products and provide related support services in connection with
      such products; and

     

    WHEREAS,
      LXE will take over manufacturing of Voxware’s 410 Hardware Products for Voxware,
      LXE and LXE’s Customers;

     

    WHEREAS,
      LXE wishes to have Voxware assist and Voxware agrees to assist LXE in its
      development of the Next Generation Product; 

     

    WHEREAS,
      each party, in the role of Reseller, desires to purchase the products and
      services of the other party, in the role of Supplier, as hereinafter described
      under those terms and conditions as set forth; and 

     

    NOW,
      THEREFORE, in consideration of the promises herein contained, the parties hereto
      agree as follows:

     

    1.    Definitions

     

    a.  “410
      Hardware Product” means Voxware’s VoiceLogistics Model 410 hardware product as
      licensed by Voxware to LXE hereunder, and all peripherals thereto, excluding
      Headsets and related Headset peripherals. Tentatively, LXE has named its version
      of the 410 Hardware Product the “HX1.”

     

    b.  “410
      Branded Product” means the 410 Hardware Product with Voxware
      Branding.

     

    c.  “410
      Technology” means the functional specifications, user and technical
      documentation, design documents and other information related to the design
      and
      operation of the 410 Hardware Products that is set forth on Appendix E
      hereto.

     

    d.  “2004
      VAR
      Agreement” means the Value-Added Reseller Agreement executed by the parties in
      *****, and which bears LXE’s Agreement Number *****.

     

    e.  “Branded
      Products” means the 410 Branded Product and the Next Generation Branded
      Product.

     

    f.  “Branding”
      means the use of Trademarks and other markings to indicate the source of
      particular Products or features of Products. Branding includes Primary Branding
      and Secondary Branding.

     

    g.  “Browser”
      means the then-current version of Voxware’s Licensed Software Product initially
      developed for the deployment with the 410 Hardware Products.

     

    h.  “Customer”
      means an end user of the Product that may not resell the Product to
      others.

     

    i.  “Development
      Schedule” means the schedule and milestones for the development of the Next
      Generation Products as more particularly described in Section
      8(a)(i).

     

    j.  “End
      User
      License Agreement” or “EULA” means a license agreement for Licensed Software
      between the licensor and the Customer or other users of the Licensed
      Software.

     

    
      
        
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    k.  “Effective
      Date” means October 1, 2005. 

     

    l.  “Equipment”
      means a hardware Product that may also include software and related
      documentation sold by Supplier to Reseller in accordance with the terms and
      conditions of this Agreement.

     

    m.  “Headset”
      means a hardware Product that includes a speaker and/or a microphone for
      individual use, including without limitation headsets, audio cables, headphones
      and ear buds.

     

    n.  “Intellectual
      Property Rights” shall mean all forms of legal rights and protections in any
      country of the world, including all right, title and interest arising under
      common and statutory law to all: (i) letters patents, provisional patents,
      design patents, PCT filings and other rights to inventions or designs; (ii)
      trade secret and equivalent rights in confidential or proprietary information
      and know-how; (iii) copyrights, mask works, moral rights or other literary
      property or authors rights; (iv) all Trademarks; (v) any similar, corresponding
      or equivalent rights relating to intangible intellectual property; and (vi)
      all
      applications, registrations, issuances, divisions, continuations, renewals,
      reissuances and extensions of the foregoing.

     

    o.  “Level
      1
      Maintenance Services” shall mean maintenance and support provided by Reseller or
      a VAR to a Customer. Customer shall direct all requests for such service to
      the
      Reseller or VAR as appropriate, which shall perform a preliminary diagnosis
      of
      the problem and assist Customer in implementing the proposed solution to the
      extent needed. 

     

    p.  “Level
      2
      Maintenance Services” shall mean Supplier’s performance of software and hardware
      repairs with respect to the Supplier Products, including Supplier’s return of
      repaired Equipment and other hardware to the VAR.

     

    q.  “Licensed
      Software” means the object code form of computer programs proprietary to
      Supplier or its suppliers and licensed to Reseller, VAR or Customer in
      accordance with this Agreement and where applicable, other product-specific
      licenses. Licensed Software includes (i) computer programs embedded in firmware,
      (ii) computer programs embedded in diskettes or another medium to use on
      particular Equipment and solely for the control and monitoring of that
      particular Equipment, (iii) computer programs embedded in diskettes or another
      medium for use separate from or in conjunction with Equipment, and/or (iv)
      users
      and operations manuals related to the Licensed Software. 

     

    r.  “LXE
      Product” means a product owned or distributed by LXE other than the Next
      Generation Branded Product.

     

    s.  “Next
      Generation Branded Product” means the Next Generation Product with Voxware
      Branding.

     

    t.  “Next
      Generation Product” or “NextGen Product” means LXE’s hardware Product designed
      by LXE in collaboration with Voxware as a replacement for the 410 Hardware
      Product, and all peripherals thereto, excluding Headsets.

     

    u.  “Non-Disclosure
      Agreement” or “NDA” means the Proprietary Information Exchange Agreement between
      the parties dated *****.

     

    v.  “Product(s)”
      means technology, products, peripherals and other items owned or sold by a
      party
      currently or in the future under this Agreement, including without limitation
      Licensed Software, Equipment, Headsets, Branded Products, and Voxware Products.
      

     

    w.  “Primary
      Branding” means the use of a party’s Trademarks to indicate to VARs and
      Customers that the source of a Product is a particular party.

    

      
        
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    x.  “Purchase
      Order” means a written request to purchase issued by Reseller that sets forth
      the Product(s) being ordered, the price thereof, the quantity requested, the
      delivery schedule, and the destination and such other information as Supplier
      may request from time to time.

     

    y.  “Reseller”
      means a party under this Agreement (i.e., Voxware or LXE) that receives Products
      from the other party for resale directly or indirectly to Customers.

     

    z.  “Secondary
      Branding” means the use of a party’s Trademarks to indicate to VARs and
      Customers that a Product contains features or technology sourced from a
      particular party, which may be the same or different from the Primary Branding
      for that Product.

     

    aa.  “Services”
      means services performed by Supplier for Reseller, including but not limited
      to
      technical and sales training, technical consulting, product development,
      installation, site configuration and testing, preventive maintenance
      inspections, depot repair and facility analysis, as well as warranty period
      and
      post-warranty period maintenance services. 

     

    bb.  “Specifications”
      means the Next Generation Product specifications as agreed to by the parties
      in
      accordance with the Development Schedule. The Specifications will be attached
      to
      and made part of this Agreement as Appendix F (“Next Generation Product
      Specification”).

     

    cc.  “Supplier”
      means the party under this Agreement (i.e., Voxware or LXE) that supplies
      Products to the other party for resale.

     

    dd.  “Territory”
      means *****, provided, that the term “Territory” excludes any such country or
      territory where: (i) the sale or delivery of the Product in question into such
      country or territory must be approved pursuant to the United States Export
      Administration Act, as amended, 50 U.S.C. App. Clause 2401 et seq.,
      and the
      regulations promulgated pursuant thereto, and no such approval has been obtained
      by Supplier or by any other person acting on behalf of Supplier; or (ii) the
      sale of delivery of the Product in question into such country or territory
      is
      otherwise prohibited by United States law. 

     

    ee.  “Trademarks”
      means rights regarding trade names, logos, trade dress, product shapes, colors,
      domain names, uniform resource locators (“URLs”), trademarks, service marks and
      other proprietary indicia or addresses and all goodwill associated therewith,
      and all applications, registrations, and renewals of the foregoing.

     

    ff.  “VAR”
      means a third party to whom Reseller grants the right to sell and distribute
      Supplier’s Products. For the purpose of this Agreement, the term “Reseller” is
      used to reference a party to this Agreement, while “VAR” refers to a third party
      reseller.

     

    gg.  “Voxware
      Customers” means those Customers and VARs of Voxware for whom Voxware provides a
      hardware, software and/or related services, and which are listed on Appendix
      D,
      as it may be amended to reflect new Customers and VARs of Voxware. For purposes
      of clarity, in the event Voxware provides a hardware, software and/or related
      service to a Voxware Prospective Customer, such Voxware Prospective Customer
      will become a Voxware Customer. 

     

    hh.  “Voxware
      Prospective Customers” means those Prospective Customers and Prospective VARs
      listed on Appendix D. 

     

    ii.  “Voxware
      Product” means a Product for which Voxware is the Supplier or Reseller, as the
      context dictates.

     

    jj.  “Work
      Product” means all original works of authorship first developed or prepared in
      the development of the Next Generation Products under this Agreement and
      physical embodiments thereof, including tooling, mechanical, software and
      firmware (including but not limited to engineering test software developed
      by
      LXE for testing purposes), and drawings, and all related work associated with
      the development and design of Next Generation Products and the Specifications,
      including all copyright, patent, trade secret and other Intellectual Property
      Rights therein.

    

      
        
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    2.    Appointment
      of Voxware as a Reseller of the Next Generation Branded
      Product 

     

    a.  LXE
      appoints Voxware and Voxware accepts appointment as an exclusive value added
      reseller of the Next Generation Branded Products only in the Territory to
      Customers, all strictly in accordance with the terms of this Agreement and
      the
      attached Appendices hereto, as the same may be amended in writing from time
      to
      time. 

     

    b.  LXE
      Products.
      This
      appointment shall not apply to any LXE Products. LXE may appoint at any time
      and
      from time to time other distributors or resellers to distribute the LXE
      Products. LXE reserves the right to market and solicit sales of the LXE Products
      directly and through other resellers or distributors, and through any other
      channel of distribution that LXE in its sole judgment deems desirable, and
      Voxware will not be entitled to any commission, discount or any other
      compensation with respect to or on account of any such sales. Distribution
      of
      LXE Products shall be governed by the ***** VAR Agreement.

     

    c.  Restrictions. Voxware
      shall distribute the Next Generation Branded Products only in accordance with
      the terms of this Agreement. Unless specifically authorized under the terms
      of
      this Agreement, Voxware shall not, nor shall it permit others to, reproduce
      or
      otherwise make copies of any portion of the Next Generation Branded Products,
      distribute copies or tamper, modify, reverse engineer, disassemble, decompile,
      or otherwise determine or attempt to determine or have or attempt to obtain
      access to the source code or internal design of the Next Generation Branded
      Products. Nothing in this Agreement shall be construed to grant Voxware any
      rights of any kind with respect to any portion of the Next Generation Products
      or LXE Products except as expressly and unambiguously set forth in the
      Agreement. All rights, title and interest in and to, and ownership of, the
      LXE
      Products and Next Generation Products shall remain at all times solely and
      exclusively with LXE. LXE shall not be liable for any modification made by
      Voxware or third parties to the Next Generation Branded Product.

     

    3.    Appointment
      of LXE as a Reseller of Voxware
      Products

     

    a.  Voxware
      appoints LXE and LXE accepts appointment as a Reseller of the Voxware Products
      stated in Appendix B only in the Territory to Customers and VARs, all strictly
      in accordance with the terms of this Agreement and the attached Appendices
      hereto, as the same may be amended in writing from time to time.

     

    b.  Non-exclusive.
      Except
      as expressly stated in this Agreement, this appointment is not exclusive to
      LXE.
      Voxware may appoint at any time and from time to time other distributors or
      resellers to perform the same distribution services as LXE. Voxware reserves
      the
      right to market and solicit sales directly and through other resellers or
      distributors, and through any other channel of distribution that Voxware in
      its
      sole judgment deems desirable, and LXE will not be entitled to any commission,
      discount or any other compensation with respect to or on account of any such
      sale. 

     

    c.  Restrictions. LXE
      shall
      distribute the Voxware Products only in accordance with the terms of this
      Agreement. Unless specifically authorized under the terms of this Agreement,
      LXE
      shall not, nor shall it permit others to, reproduce or otherwise make copies
      of
      any portion of the Voxware Products, distribute copies or tamper, modify,
      reverse engineer, disassemble, decompile, or otherwise determine or attempt
      to
      determine or have or attempt to obtain access to the source code or internal
      design of the Voxware Products. Nothing in this Agreement shall be construed
      to
      grant LXE any rights of any kind with respect to any portion of the Voxware
      Products except as expressly and unambiguously set forth in the Agreement.
      All
      rights, title and interest in and to, and ownership of, the Voxware Products
      shall remain at all times solely and exclusively with Voxware. Voxware shall
      not
      be liable for any modification made by LXE or third parties to any of the
      Voxware Products.

     

    d.  Trademark
      and Copyright License. During
      the Term, Voxware hereby grants to LXE a nonexclusive, nontransferable license
      to use, copy, and reproduce the Voxware trademarks, trade names, and copyrighted
      material in the Licensed Software and 410 Hardware Product documentation as
      updated by Voxware and provided to LXE from time to time, solely in connection
      with the sale of the Browser hereunder, provided, that LXE shall not make any
      substantive changes to such Voxware copyrighted material without the prior
      written consent of Voxware. 

    

      
        
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    4.    Exclusivity
      and Related Restrictions

     

    a.  Exclusives
      and Restrictions on 410 Hardware Product and the Next Generation
      Product.
      With
      respect to the 410 Hardware Product and the Next Generation Product,
      and
      subject to the express provisions of this Agreement:

     

    (i)  Voxware
      ***** or have made the 410 Hardware Product.

     

    (ii)  Voxware
      ***** 410 Hardware Products or obtain 410 Hardware Products from ***** than
      LXE.
      Voxware will purchase ***** the 410 Hardware Products from LXE.

     

    (iii)  Voxware
      may not sell or resell hardware Products ***** the 410 Hardware Products or
      Next
      Generation Products. Voxware further agrees ***** manufactured by *****

     

    (iv)  However,
      Voxware shall have the right to notify LXE in writing that the exclusivity
      and
      related requirements under this Section 4.a
      shall
      terminate within ***** in the event that (1) LXE fails to provide Voxware with
      continuous, timely deliveries of the 410 Hardware Products or Next Generation
      Products, all of which are of commercially acceptable quality, provided,
      however, that LXE shall have ***** to cure only the first such failure after
      Voxware provides LXE with written notice of such failure; or (2) LXE fails
      to
      sell to Customers and VARs (excluding Voxware) the number of units stated below
      of the 410 Hardware Products each calendar quarter beginning *****, and such
      failure continues for ***** (not accounting for credits or monies paid by
      Voxware to LXE under this Agreement); or (3) LXE fails to license to third
      parties the number of units stated below of the Browser (for purposes of this
      paragraph, Browser unit sales by LXE shall include unit sales of the Browser
      on
      both Next Generation Products or LXE Products sold to third parties) each
      calendar quarter beginning *****, and such failure continues for ***** (not
      accounting for credits or monies paid by Voxware to LXE under this Agreement),
      as follows:

     

    
      	
              Calendar
                Quarter

            	
              410
                Hardware Products:

              Units
                Sold and Shipped by

              LXE
                to Third Parties

            	
              Browsers:
                Units Sold and

              Shipped
                by LXE to Third

              Parties

            
	
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              *****

            

    

     

    b.  Voxware’s
      Non-410 Hardware Products.
      Voxware’s appointment of LXE as a Reseller of the Voxware Products referenced in
      Appendix B other than the 410 Hardware Products (collectively, the “Non-410
      Hardware Products”) is non-exclusive as to Voxware. Voxware may appoint at any
      time and from time to time other distributors or resellers to perform as a
      Reseller, VAR or otherwise with regard to the Non-410 Hardware Products,
      including without limitation Voxware’s Browser. Voxware reserves the right to
      market and solicit sales directly and through other resellers or distributors,
      and through any other channel of distribution that Voxware in its sole judgment
      deems desirable for such Non-410 Hardware Products, and LXE will not be entitled
      to any commission, discount or any other compensation with respect to or on
      account of any such sale. 

     

    c.  Voxware’s
      Licensed Software.
      During
      the Term, LXE will not directly sell, distribute, license or otherwise provide
      any software, computer programs or firmware that competes with Voxware’s
      Licensed Software, including without limitation the Browser. Specifically
      included in this restriction is that LXE may not sell, distribute, license
      or
      provide any technologies produced by ***** that compete with Voxware’s Licensed
      Software.

     

    d.  Voxware’s
      Headsets.
      During
      the Term, Voxware will be the sole supplier of LXE’s Headsets required for sales
      of LXE Products and 410 Hardware Product that are bundled with the Browser.
      For
      purposes of clarity, LXE will not directly or indirectly sell or supply any
      third party Headsets (including its own) with any LXE Product and 410 Hardware
      Product bundled or sold with the Browser. 

    

      
        
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    e.  Voxware
      Prospective Customers; Customers.
      Unless
      otherwise agreed to by the parties, ***** from the Effective Date of this
      Agreement, LXE agrees that it shall not sell nor provide to any Voxware
      Customer: (1) any 410 Hardware Products, Next Generation Products or Browsers;
      or (2) any Products that ***** with or provide substantially the same
      functionality as the 410 Hardware Products, Next Generation Products or
      Browsers. The list of Voxware Prospective Customers and Voxware Customers is
      attached as Appendix D, provided, that in the event Voxware provides a hardware,
      software and/or related service to a Voxware Prospective Customer, then such
      Voxware Prospective Customer shall become a Voxware Customer and Appendix D
      shall be amended. The above restrictions on LXE with respect to Voxware
      Customers shall be applicable to Voxware Prospective Customers, provided, that
      in the event that Voxware does not convert a Voxware Prospective Customer to
      a
      Voxware Customer within ***** of the Effective Date, the Voxware Prospective
      Customer shall be removed from Appendix D and no further LXE sale restrictions
      shall apply to such Voxware Prospective Customer. The parties acknowledge that
      many of the Voxware Customers and Voxware Prospective Customers referenced
      in
      Appendix D are also LXE customers. In the spirit of this Agreement, the parties
      agree that it may be appropriate for LXE and Voxware to collaborate on a sales
      strategy to improve the parties’ mutual competitive position on many of these
      customer accounts. The parties agree to review in good faith, at a later date,
      each common customer and prospect to determine if a joint strategy would be
      more
      appropriate. If both parties agree in writing that a cooperative strategy is
      required, then the LXE sale restrictions described above shall not apply to
      the
      applicable customer.

     

    f.  Restriction
      on Sales *****.
      During
      the Term, LXE will not directly or indirectly sell, license or otherwise provide
      any 410 Hardware Products, Next Generation Products or Voxware Licensed Software
      (including the Browser) to *****.

     

    g.  Next
      Generation Product.
      Voxware
      obtains no license or right to build the Next Generation Product under this
      Agreement.

     

    5.    Responsibilities
      of the Parties

     

    a.  Customers.
      Each
      party as Reseller agrees that it shall purchase the Supplier’s Products under
      this Agreement only for its own business use or for resale, in the regular
      course of its business, to VARs and Customers.

     

    b.  Promotion.
      Reseller shall, at its own expense use commercially reasonable efforts to
      promote the Supplier Products and/or services in respect thereof. Such promotion
      shall not in any way prejudice Supplier’s reputation or the Supplier Products,
      and shall not offer or imply any obligation on the part of Supplier to
      Customers.

     

    c.  Promotion
      of Supplier Products.
      

     

    (i)  If
      requested to do so by Reseller, Supplier will consider, but shall not be
      obligated, to participate in a cooperative marketing program with Reseller,
      and
      provide reasonable assistance to Reseller in preparing suitable promotions
      and
      related materials. 

     

    (ii)  Supplier
      may make available to Reseller such advice, guidance and information regarding
      the marketing and advertising of the Products as Reseller shall reasonably
      require. To assist Reseller in the performance of its duties hereunder, Supplier
      may from time to time provide non-confidential specifications, drawings,
      manuals, or such other publications as may be appropriate.

     

    d.  Training.
      Supplier
      will make reasonable sales and technical training available to Reseller at
      its
      request. Supplier may charge a fee for this training. Reseller acknowledges
      sole
      responsibility for the training of Customers and VARs in connection with the
      use
      of Products. Both Reseller and Supplier will offer each other up to ***** and
      technical training each year. The training will be conducted at the place of
      business or location designated by the party who is conducting the
      training.

    

      
        
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    e.  Leads.
      At
      Supplier’s sole discretion, Supplier may supply selected leads to Reseller, on a
      non-exclusive basis, when Supplier identifies a prospect that requires services
      believed by Supplier to be within Reseller’s capabilities. 

     

    6.    Pricing
      and Payment 

     

    a.  LXE
      Pricing to Voxware: 410 Hardware Products.
      LXE’s
      pricing for the 410 Branded Products is separately stated on Appendix A for
      Voxware’s purchase of 410 Branded Products and related peripherals licensed by
      Voxware for production by LXE. Such pricing of 410 Branded Products and related
      peripherals shall be *****. Any increase or decline in the BOM and/or Direct
      Labor and Labor Overhead Costs shall be *****, provided, however, that *****
      may
      not ***** more than *****. ***** Direct Labor and Labor Overhead Costs is *****,
      then the current BOM and Direct Labor and Labor Overhead Costs used to calculate
      *****. 

     

    b.  LXE
      Pricing to Voxware: Next Generation Branded Products.
      LXE’s
      pricing for the Next Generation Branded Products and related peripherals from
      LXE to Voxware will be in accordance with the formulas and approaches used
      for
      the 410 Branded Products (including without limitation Voxware’s right to audit
      LXE’s BOM), with the following modifications/additions:

     

    (i)  The
      *****
      for the ***** after the first shipment of quantity (i.e., non-prototype)
      production of the Next Generation Branded Product shall be *****.

     

    (ii)  The
      *****
      for the Next Generation Branded Product shall be ***** (after the first
      shipment) of production. 

     

    (iii)  In
      no
      case shall the Next Generation Products be ***** 410 Branded Products. Should
      LXE be unable or fails to ship the Next Generation Branded Product in production
      quantities in excess of ***** of the Effective Date of this Agreement, at prices
      ***** the 410 Branded Products, Voxware may either require LXE to continue
      production of the 410 Branded Products, or Voxware’s license to LXE for the 410
      Hardware Products will revert from exclusive to non-exclusive to enable Voxware
      to make, have made and produce the 410 Hardware Products.

     

    (iv)  The
      *****
      referenced in (i) and (ii) are subject to Voxware’s ***** of the Next Generation
      Branded Product in ***** during the Term beginning the *****, provided, that
      LXE
      is able to supply adequate production quantities to meet such
      requirements.

     

    c.  LXE
      Pricing to Voxware: No Less Favorable.
      LXE’s
      pricing to Voxware for each of the 410 Branded Products and the Next Generation
      Branded Products shall be ***** than LXE’s pricing of the 410 Hardware Product
      or Next Generation Product, respectively, to any other VAR, customer or other
      entity contracting with LXE. If LXE agrees to provide or at any time provides
      the 410 Hardware Products or Next Generation Products (including any new
      developments to such Products) directly or indirectly, pursuant to any
      agreement, understanding or arrangement to any such person or entity, for any
      period, under any pricing that is ***** to such person or entity than that
      set
      forth herein, LXE shall immediately give written or email notice thereof to
      Voxware, which notice shall include the *****. At Voxware’s election, this
      Agreement shall be deemed to have been modified so that Voxware shall receive
      and be entitled to the benefits of such more favorable pricing as long as such
      pricing is more favorable to Voxware.

     

    d.  Voxware
      Pricing to LXE.
      LXE
      agrees to purchase and Voxware agrees to sell Voxware’s Products, including the
      Licensed Software, at Voxware’s then current catalog or “list” price in U.S.
      Dollars, less an applicable discount to ***** set forth on Appendix B. Firm
      proposal pricing, when requested by LXE, shall be provided by Voxware to LXE
      solely through a written quotation specifying unit price, applicable discount,
      and Voxware Product model number. In addition to paying the license fee for
      each
      item of Licensed Software, LXE’s Customers (including all LXE Customers who
      license the Licensed Software through LXE’s VARs and other intermediaries) *****
      agree to and pay for one year of maintenance at the rate and in the amounts
      stated in Appendix B and LXE will use reasonable commercial efforts to obtain
      renewal of such maintenance from Customers. Notwithstanding the foregoing,
      Voxware’s pricing to LXE solely with respect to the Headsets shall be determined
      in accordance with the following formula: Total ***** whereby the ***** shall
      not *****. 

    

      
        
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    e.  Voxware
      Pricing to LXE: *****.
      Voxware’s pricing to LXE for Licensed Software ***** than Voxware’s pricing for
      Licensed Software to any VAR or competitor to LXE *****. In addition, Voxware
      agrees to provide LXE Licensed Software pricing *****.

     

    f.  Voxware
      Pricing to LXE: Royalty for 410 Hardware Products Sold to Third
      Parties.
      LXE
      shall pay Voxware a royalty for all 410 Hardware Products sold by LXE to third
      parties. The royalty shall be *****.

     

    g.  Voxware
      Pricing to LXE: Royalty for Next Generation Products Sold to Third
      Parties.
      LXE
      shall pay Voxware a royalty for all Next Generation Products sold by LXE to
      third parties. The royalty shall be ***** of the Next Generation Product by
      LXE,
      and ***** thereafter. 

     

    h.  Voxware
      Pricing to LXE: Equipment Sold to Third Parties Without a
      Browser.
      The
      parties intend that for each unit of the 410 Hardware Products and Next
      Generation Products sold or otherwise provided by LXE to its VARs, Customers
      and
      other third parties, LXE shall also provide Voxware’s Browser and other Licensed
      Software for use with such 410 Hardware Product or Next Generation Product.
      However, during the first three (3) years after the Effective Date, for each
      unit of the 410 Hardware Products and Next Generation Products that are not
      provided with a licensed copy of Voxware’s Browser or the Licensed Software, LXE
      shall pay Voxware the *****. Notwithstanding the foregoing, in the event sales
      of the 410 Hardware Products or Next Generation Products are made to Customers
      who have purchased the Browser or any components of the Browser directly from
      Voxware, the above Unbundled Payment shall not be owed to Voxware. In
      addition, for each sale of the Browser bundled with LXE Products, LXE shall
      receive a ***** to be applied ***** of any future Unbundled Payments due, if
      any, provided that this credit shall not offset or be applicable to any other
      amounts due, including, without limitation, any previous Unbundled Payments
      made
      or due. 

     

    i.  Reporting
      of 410 Hardware Product, Next Generation Product and Licensed Software
      Sales.
      LXE
      shall provide bi-weekly reports on the number of units of 410 Hardware Product,
      Next Generation Product and Licensed Software sold or distributed in the
      previous two weeks. Upon receipt of such reports, Voxware shall invoice LXE
      for
      the appropriate amounts due under the terms of this Agreement. 

     

    j.  Services.
      Pricing
      for any Services, if any, by either party will be quoted on a case-by-case
      basis
      by such party.

     

    k.  Payment.
      Except
      as otherwise agreed in writing by the parties, Reseller shall make payment
      to
      Supplier for the Products or Services received from Supplier in U.S. Dollars
      ***** from Reseller’s receipt of Supplier’s invoice. Except as provided in
      Section 6.i., for sales of Supplier Products, Supplier will invoice upon
      shipment of each order. For any annual maintenance contracts, the Supplier
      of
      such maintenance services shall invoice annually in advance of the upcoming
      maintenance renewal term. For all other Services, Supplier shall invoice on
      ***** unless otherwise agreed to in writing by the parties or pursuant to the
      applicable Appendix. 

     

    l.  Late
      Payments.
      If
      Reseller fails to pay any invoice when due, Supplier will email and fax a copy
      of the unpaid invoice to Reseller, which shall have ***** business days to
      pay.
      Thereafter, Reseller shall be subject to a late payment charge ***** or the
      ***** until paid. Further, in the event Reseller fails to pay any invoice within
      ***** of its receipt of Supplier’s email and fax of late payment, Supplier may
      demand that Reseller make full or partial payments in advance, accept bills
      of
      exchange, open for Supplier’s benefit documentary letters of credit, obtain for
      Supplier’s benefit bank guarantees or provide other satisfactory security or
      guarantees that invoices will be promptly paid when due. If not, Supplier may
      decline to deliver Products pursuant to this Agreement. 

     

    m.  Taxes.
      The
      amount of any present or future sales, use, value added, excise, duty or other
      similar tax or fee applicable to the Products, and the amount of any levies,
      dues, retentions and withholdings imposed by any government in the Territory
      or
      any agencies thereof, and the amount of any customs duty, withholding or other
      charge related to the import or payment for the Products shall be paid by the
      Reseller, or in lieu thereof the Reseller shall provide Supplier with an
      exemption certificate acceptable to each applicable authority or customs duty
      authority. If any tax, duty or amount described herein is paid by Supplier,
      Reseller shall reimburse Supplier immediately upon Supplier providing evidence
      of such payment to the applicable authority. 

    

      
        
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    n.  Modifications
      to Pricing.
      The
      parties agree that they will not modify the discounts or gross margins each
      party offers the other, except to improve such discounts or gross margins for
      the benefit of the other party. However, for all pricing that is based on a
      list
      price or other schedule (e.g., excluding the ***** pricing for the 410 Branded
      Products and the Next Generation Branded Products), the Supplier shall have
      the
      right to modify the ***** or other schedule no more than once every ***** upon
      written notice to the other party, except where such modification lowers the
      list price or other amounts paid by Reseller, in which case Supplier may lower
      individual prices at any time upon written or email notification by Supplier
      to
      the Reseller. 

     

    7.    Transition
      Issues for the 410 Hardware Products

     

    a.  Subject
      to the terms and conditions of this Agreement, Voxware hereby grants to LXE
      an
      exclusive license to use, produce, have produced, assemble, make and have made
      the 410 Hardware Product from, and take such other actions and exercise such
      Intellectual Property rights with respect to, the 410 Technology as reasonably
      necessary to produce the 410 Hardware Products in accordance with this
      Agreement. 

     

    b.  Voxware
      will deliver the 410 Technology to LXE within ***** after the Effective
      Date.

     

    c.  Voxware
      will retain ownership of the In Circuit Test (“ICT”) equipment located at *****
      and hereby grants LXE a license to use the ICT in the same manner that Voxware
      has used the ICT in the past to manufacture or repair the 410 Hardware Product
      or 410 Branded Product.

     

    d.  The
      parties will prepare and carry out a transition plan for the 410 Hardware
      Products. Voxware and LXE will identify the best process by which Voxware will
      continue to have an uninterrupted source of 410 Hardware Products. The process
      may include (A) Voxware continues to manufacture the 410 Hardware Products
      for
      Voxware’s account at the beginning of the transition, (B) LXE prepares 410
      Hardware Products using parts supplied by Voxware, (C) Voxware tests LXE-built
      410 Hardware Products for compliance with specifications, and (D) LXE takes
      over
      all responsibility for the 410 Hardware Products.

     

    e.  Voxware
      will introduce LXE to Voxware’s suppliers for the 410 Hardware Products,
      including without limitation *****, the source of Voxware’s ***** for the 410
      Hardware Products. The parties will work with ***** and other suppliers to
      establish appropriate relationships between each such supplier and
      LXE.

     

    f.  Initially,
      the parties expect that Voxware will retain its manufacturing and testing
      equipment for the 410 Hardware Products in order that Voxware may continue
      to
      service the Voxware Customers. LXE will purchase or develop its own
      manufacturing and test equipment for the 410 Hardware Product. .

     

    g.  Initially,
      LXE will buy from Voxware all supplies it needs to make the 410 Hardware
      Products. Upon completion of the transition outlined in Section 7c, prior to
      buying supplies from third party suppliers, LXE will first contact Voxware
      to
      determine Voxware’s inventory of such supplies and will buy any such supplies
      that it needs first from Voxware to manufacture the 410 Hardware Product at
      Voxware’s ***** shipping, handling and other reasonable costs of sale.
      Notwithstanding the foregoing, in the event Voxware does not have a supply
      needed by LXE to manufacture the 410 Hardware Product or Voxware chooses not
      to
      sell such supply, LXE shall be free to purchase such supply from any third
      party. 

     

    8.    Development
      of the Next Generation Products

     

    a.  LXE
      Obligations.
      During
      the development of the Next Generation Products, LXE agrees, among other things
      specified in this Agreement:

    

      
        
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    (i)  To
      use
      commercially reasonable efforts to work exclusively with Voxware to develop
      within ***** after the Effective Date the Development Schedule for the
      development of the Next Generation Product. Upon signing by the parties, the
      Development Schedule will be deemed a part of this Agreement.

     

    (ii)  To
      use
      commercially reasonable efforts to comply with the Development Schedule and
      milestones contained therein. 

     

    (iii)  To
      obtain
      and maintain, at its sole expense, all production tooling and test equipment
      required to manufacture the Next Generation Product and comply with its
      obligations under this Agreement.

     

    (iv)  To
      manufacture and supply the Next Generation Product that conforms to the
      Specifications in the time periods set forth in the Development
      Schedule.

     

    (v)  To
      assign
      a point-of-contact for Voxware communications with respect to the coordination
      between the parties that is described in this Agreement.

     

    b.  Voxware
      Obligations.
      During
      the Term, Voxware agrees, among other things specified in this Agreement:

     

    (i)  To
      use
      commercially reasonable efforts to work with LXE, as reasonably requested by
      LXE, to finalize the Development Schedule.

     

    (ii)  To
      provide LXE technical assistance as reasonably requested by LXE to assist LXE
      in
      the design and development of the Next Generation Products.

     

    (iii)  To
      assign
      a point-of-contact for LXE communications with respect to the coordination
      between the parties that is described in this Agreement.

     

    (iv)  In
      the
      event that Voxware desires to conduct tests of the Next Generation Products,
      Voxware will conduct such tests itself, pay LXE to conduct such tests at LXE’s
      out-of-pocket costs, or pay third parties to do so.

     

    c.  Specifications
      and Acceptance Criteria.
      Within
      ***** after LXE’s delivery to Voxware of any set of ***** of the Next Generation
      Product, the parties shall either mutually: 

     

    (i)  confirm
      in writing that the pre-production samples of the Next Generation Product and
      the associated design conform to the Specifications developed by the parties
      in
      accordance with the Development Schedule (“Acceptance”); or 

     

    (ii)  prepare
      in writing a report of each deficiency identified in the pre-production samples
      of the Next Generation Product and associated design, including specific reasons
      for such deficiency. LXE and Voxware (if requested by LXE) shall make any
      adjustments to the Next Generation Product design to address the deficiencies
      if
      such deficiencies are in the design. 

     

    d.  Quality
      Control.
      LXE is
      responsible for developing a quality program to control its own production
      process to assure all Next Generation Branded Products shipped to Voxware in
      accordance with this Agreement meet the Specifications.

     

    e.  Modification
      of the Specifications.
      After
      the parties’ final agreement as to the Specifications and prior to initial
      product release, LXE may alter the Next Generation Product only (i) to improve
      reliability, quality or safety, or to comply with standards or requirements
      of
      any governmental or industry recognized body or regulatory agency, or (ii)
      to
      avoid infringement of any patent or other proprietary right. However, LXE shall
      not alter or change the form, fit or function of the Next Generation Product,
      including exterior appearance or functional characteristics, or reduce
      performance levels of Next Generation Product as previously agreed to, without
      the written approval of Voxware, which approval shall not to be unreasonably
      withheld or delayed. 

    

      
        
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    f.  Change
      Orders.
      All
      changes to the Specifications, and all requests for the performance of
      additional services not specified in this Agreement, will be made only by a
      written change order or other written authorization approved by both parties
      specifying the change and any effect on the Development Schedule, the Next
      Generation Products, the delivery schedule, the net price of the Next Generation
      Products, and additional cost allocation required as a result of such
      changes.

     

    g.  Capital
      Expenses.
      Each
      party agrees to provide such capital investment and be responsible for such
      costs and expenses as necessary to comply with their respective obligations
      under this Agreement. 

     

    h.  Intellectual
      Property Rights.
      LXE
      shall have the exclusive ownership and all right, title and interest in all
      Intellectual Property Rights inherent in the design of the Next Generation
      Product, the Specifications, all related Work Product, and all tooling required
      to manufacture and test the Next Generation Product, excluding any items or
      Products expressly licensed by Voxware to LXE under this Agreement (e.g., the
      410 Technology). LXE retains the right to use Work Product to facilitate the
      design, manufacture and test and sale of any Next Generation Product or LXE
      Product for itself or any other third party. The Next Generation Product may
      contain LXE’s Licensed Software (including any firmware) for internal operation,
      or as embedded software that is generally not sold or licensed as a severable
      software Product. Such LXE Licensed Software is proprietary, copyrighted, and
      may also contain valuable trade secrets and may be protected by
      patents.
      

     

    i.  Software
      License.
      Subject
      to the terms and conditions of this Agreement, Voxware hereby grants to LXE
      at
      ***** a non-exclusive license to use, copy, load, test, and otherwise run the
      Browser solely (1) in connection with LXE’s development of the Next Generation
      Product in collaboration with Voxware and (2) for demonstration in conjunction
      with 410 Hardware Product, Next Generation Product or LXE Products.

     

    9.    Forecasts,
      Ordering, Shipment and Returns 

     

    a.  With
      respect to Supplier Products that the Reseller expects to purchase in quantity
      (e.g., Voxware’s purchase of 410 Branded Products or Next Generation Branded
      Products from LXE, and LXE’s purchase of Browsers and Headsets from Voxware),
      Reseller agrees to provide Supplier no later than the ***** rolling forecast
      outlining projected purchases of Supplier Products. Each forecast shall be
      non-binding. Supplier may reasonably request additional updates to or
      confirmation of the Reseller’s ***** forecast.

     

    b.  Following
      Supplier’s acknowledgment of each order by Reseller, Supplier shall use its
      commercially reasonable efforts to effect shipment of the Products or delivery
      of the Services within the time stated on such acknowledgment, but in no event
      shall Supplier be liable for a failure to ship or perform within the time
      stated. Supplier will ship Products F.O.B. point of shipment (Norcross, Georgia
      for LXE; either Cambridge, Massachusetts or Lawrenceville, New Jersey for
      Voxware). Shipping costs will be prepaid by Supplier and added to Reseller’s
      invoice. In the absence of explicit shipping directions, Supplier will use
      its
      own discretion as to mode of shipment. Title to the Products sold and risk
      of
      loss and damage to the Products sold shall pass to Reseller immediately upon
      delivery of the Products to a common carrier, or to an employee or other agent
      of Reseller, at Supplier’s manufacturing facility. 

     

    c.  Reseller
      hereby grants Supplier a security interest in the Products sold hereunder and
      in
      the proceeds therefrom, such security interest to continue until Reseller has
      made full payment therefor. Reseller agrees that it will execute any UCC
      Statements or other documents evidencing Supplier’s security interest in the
      Products, upon request of Supplier.

     

    d.  At
      any
      time prior to the scheduled date of shipment, Reseller may cancel any
      or
      all Products on order upon payment to Supplier of a cancellation fee for each
      unit of Product canceled. Such cancellation fee shall be computed as
      follows:

    

      
        
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    Number
      of Days Prior to Scheduled Date of Shipment            Cancellation
      Charges Expressed

    that
      Notice of Cancellation is Received by
      LXE                                           
as
      a Percentage of List Price

     

    *****

     

    Supplier
      will allow Reseller to delay or accelerate any shipment if reasonably
      practicable upon notice of the new shipping date received by Supplier. All
      notices of cancellation, rescheduling, or return must be in writing or email
      to
      be effective.

     

    10.   Licensed
      Software

     

    a.  License.
      All
      Licensed Software is subject to a non-exclusive license from Supplier as
      expressly stated in the Supplier’s then-current End User License Agreement or
“EULA.” Reseller agrees to use diligent efforts to obtain from the VAR, Customer
      or other user of the Licensed Software a fully executed EULA. The Supplier’s
      EULA shall be shipped in hard copy and on disk with the Licensed Software,
      and
      may be embedded in the Licensed Software by the Supplier, e.g., by use of an
      electronic agreement or “clickwrap,” or other process or format then generally
      accepted within the information technology industry. For any Licensed Software
      licensed to the Reseller under this Agreement, the Reseller may transfer the
      EULA for such Licensed Software to a Customer or VAR only as part of the
      transfer of all Reseller’s rights in such Licensed Software, and only if
      Reseller obtains the prior agreement of its Customer or VAR to be bound by
      the
      terms of EULA. In the event that Reseller’s Customer, VAR or other end user does
      not accept the terms and conditions of the EULA, the Licensed Software must
      be
      returned for a refund, and Reseller agrees to grant a refund if the Licensed
      Software has been promptly returned. In addition, the parties agree to
      collaborate in the development of a best practices process to simplify the
      implementation of the “EULA” requirements prescribed above. 

     

    b.  Breach
      by Customer.
      If
      breach of any EULA by Reseller’s Customer or VAR occurs, then Reseller shall
      take prompt corrective action to remedy the breach and shall, in addition,
      notify Supplier of the breach and the corrective action taken. Reseller shall
      assign to Supplier, at Supplier’s sole option, any rights that Reseller may have
      against Customer for breach of such license. Reseller agrees to cooperate with
      Supplier in any proceeding against any third party in alleging breach of the
      EULA. Reseller shall not be liable to Supplier for any breach of the terms
      of
      any license or sublicense by a Customer unless Reseller has willfully or
      negligently contributed to or cooperated in the breach.

     

    c.  Fees.
      License
      fees are typically included in the purchase price of Licensed Software. However,
      in some instances, such fees are identified as separate line items on Supplier
      quotations and invoices. 

     

    d.  Title.
      Title
      to Licensed Software shall remain with Supplier or its supplier, notwithstanding
      anything to the contrary herein. With respect to Licensed Software, the word
      “purchase” or similar or derivative words as used herein are understood to mean
“license,” and “Reseller,” “Customer,” or similar or derivative words as used
      herein are understood to mean “licensee.” 

     

    e.  Voxware’s
      Proprietary Rights.
      LXE
      acknowledges that the Voxware Licensed Software includes specialized voice
      recognition and management software that interoperates with Equipment and other
      hardware Products. Such Licensed Software is proprietary to Voxware. At all
      times, Voxware’s Licensed Software remains the intellectual property of Voxware,
      and no transfer of title or proprietary rights is given to LXE or any third
      party.

     

    11.   Maintenance,
      Warranties and Repairs

     

    a.  Maintenance
      Services.
      Except
      as otherwise agreed by the parties in writing, each Reseller or its VAR will
      provide all Level 1 Maintenance Services for all Supplier Products it sells
      to
      its Customers. Reseller or its VAR may purchase service maintenance contracts
      from Supplier at the ***** of Supplier’s then current list price described on
      Appendix A or Appendix B, as applicable. Reseller and its VARs may, with
      Supplier’s prior written consent, also elect to offer Customers the option to
      contract directly with Supplier for maintenance service of Supplier Products
      and
      the purchase of accessories for Supplier Products. In such event that Reseller
      or its VAR provides Level 1 Maintenance Services directly to Reseller’s
      Customer, Supplier will provide Reseller or its VAR, at no additional charge
      to
      Reseller or its VAR, with telephone technical support for the term of the
      initial warranty period as defined in this Agreement or extended warranty period
      as may be defined by the Customer and Supplier. 

    

      
        
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          ***** Portion
            for which confidential treatment requested.

          
          

        

        
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    b.  Supplier’s
      Warranty.
      Supplier
      warrants that, except as indicated on a Supplier sales order acknowledgment
      form
      as warranted by the original manufacturer, all new Supplier Products shall
      perform substantially in accordance with the applicable written specifications
      published in the applicable Product data sheets and user manuals, and to be
      free
      from defects in material and workmanship under normal use and service. The
      “Warranty Period” shall be for the period stated in the applicable Appendix for
      such Product or any other writing signed by the parties. 

     

    c.  Exclusions.
      Except
      as expressly provided in this Agreement, the foregoing Supplier warranties
      and
      commitments are for the benefit of and apply only to Reseller and only during
      the applicable Warranty Period.

     

    (i)  Not
      included under this warranty are services or replacement Supplier Products
      that
      are required due to (1) abuse, misuse or abnormal conditions of operation;
      (2)
      damage to the Supplier Product that is a result of the use of unapproved,
      non-Supplier mounting devices; (3) any damage to Reseller’s or a Customer’s
      equipment or Product as a result of one of those parties or a third party
      connecting components that have not been purchased from Supplier and/or
      inspected and approved by Supplier for connection to the Supplier Product;
      (4)
      unauthorized attempts by other than Supplier personnel to install, repair,
      maintain, or modify the Supplier Product or system; (5) causes external to
      Supplier-maintained Product, such a power surges or force majeure events; or
      (6)
      defects or warranty claims that arise outside the applicable Warranty Period.
      

     

    (ii)  Reseller
      acknowledges and agrees that the warranties set forth in this Section do not
      extend to any other party, including to any Customers. Reseller shall not make
      any warranty obligations on behalf of Supplier, and any warranty representations
      by Reseller to any third party shall be at Reseller’s sole expense and
      responsibility. In addition, Reseller agrees to include in any warranties
      granted by it a specific disclaimer in connection with Supplier’s warranty
      obligations to such third party. Reseller shall allow Supplier, upon its
      request, to review the disclaimer being used in contracts with third parties.
      

     

    d.  Notification
      and Warranty Procedure.  

     

    (i)  If,
      in
      Reseller’s estimation, a Supplier’s Product is defective, Reseller shall
      promptly notify Supplier of the nature of the defect in writing, or by promptly
      contacting Supplier in accordance with its then-current procedures. If the
      Product appears to be covered under the warranties provided in this Agreement,
      Supplier will promptly communicate shipping instructions to Reseller.

     

    (ii)  All
      returned Products must have a return material authorization number (“RMA”) and
      returned to Supplier within ***** of the RMA issuance. Products will be returned
      to Supplier at Reseller’s expense. Collect shipments will not be accepted.

     

    (iii)  Upon
      receipt, the Product will be examined and repaired without charge, provided
      such
      examination discloses, in Supplier’s reasonable judgment, that it is in fact
      defective. Should examination reveal that the Product is not defective, Supplier
      will notify Reseller and request shipping instructions. In this event, Supplier
      will be due to be reimbursed all shipping expenses it has incurred, as well
      as a
      reasonable charge for the examination. In the event that the examination reveals
      that the Product is defective, but for any reason is not covered under the
      warranties provided in this Section, Supplier will prepare a failure analysis
      report and a quotation of the cost to repair, and communicate this information
      to Reseller. Reseller may then either authorize repair of the Product or direct
      that the defective Product be returned to Reseller. In the latter event,
      Supplier will be due all shipping charges it has incurred, as well as a
      reasonable charge for the examination of the Product and the preparation of
      the
      failure analysis report. 

    

      
        
          Execution
            Copy—September
            26, 2005

          

          ***** Portion
            for which confidential treatment requested.

          
          

        

        
          13

          
            

          

        

        
          
          

        

      

    

     

    (iv)  Supplier
      may, at its option, elect to correct any warranty defects by sending its
      supervisory or technical representatives, at Supplier’s expense, to Reseller’s
      site or Customer’s site within the continental United States or Canada to make
      on-site corrections. 

     

    (v)  At
      Reseller’s request, Supplier will repair any Supplier Product and bill Reseller
      on a time-and-material basis at Supplier’s lowest rates for any Supplier
      Products: (1) Damaged in transit to Supplier’s designated service location, or
      (2) that Reseller requests to be repaired despite being out of warranty.

     

    (vi)  For
      any
      Product that proves to be defective and covered under the warranties provided
      in
      this Section, Supplier will repair or replace and ship, via standard commercial
      ***** if available. Product repairs provided hereunder are warranted by Supplier
      for a period of ***** such repairs are provided, or for the remainder of the
      original Product warranty period, whichever is longer. 

     

    e.  Remedy.
      Supplier’s obligation to perform pursuant to the warranties provided in this
      Section 11
      is
      limited to undertaking reasonable efforts to identify and correct any such
      defects and non-conformities with the specifications in any warranted Product
      returned to Supplier’s designated service location within the Warranty Period.
      In the event Supplier fails to correct any warranted Product defect or
      non-conformities, Reseller’s sole remedy is to receive a refund of the purchase
      price paid for the defective or non-conforming Product. 

     

    f.  Third
      Party Warranties.
      For
      those Products identified on a Supplier sales order acknowledgment as warranted
      by the original manufacturer, such original manufacturer’s warranty applies
      solely. 

     

    g.  Reseller’s
      Warranties and Covenants.
      Supplier is providing Reseller with financial incentives in the form of a
      discount. In consideration of Supplier providing such discounts to Reseller,
      Reseller hereby provides the following warranties and covenants:

     

    (i)  Materials
      and workmanship that Reseller adds to or incorporates into the Supplier Products
      for sale to VARs and Customers shall be of a quality reasonably satisfactory
      to
      Supplier. 

     

    (ii)  Reseller
      shall promptly investigate, seek to rectify, and notify Supplier with respect
      to
      any VAR or Customer complaints relating to any of the Supplier Products.
      Reseller’s efforts in this area shall be consistent with Level 1 Maintenance
      Services.

     

    (iii)  Reseller
      shall perform its sales responsibility, which is to promote and sell the
      Supplier Products covered by this Agreement. Reseller shall at all times during
      the term of this Agreement use commercially reasonable efforts in the promotion
      and sale of Supplier Products consistent with good business ethics, and in
      a
      manner that will reflect favorably on the Supplier Products and on the goodwill
      and reputation of Supplier. Reseller shall at all times refrain from engaging
      in
      any illegal, unfair or deceptive trade practices or unethical business practices
      whatsoever, with respect to the Supplier Products or otherwise.

     

    (iv)  Reseller
      shall employ, train and maintain sufficient personnel with sufficient technical
      and sales experience to demonstrate, sell and support those Supplier Products
      purchased under this Agreement. Reseller will field all questions regarding
      Supplier Products and Supplier Product support to its VARs and Customers, and
      Reseller will in no event refer its Customers directly to Supplier for pre
      or
      post sales support without prior Supplier approval.

     

    12.   Disclaimer
      of Warranties; Limitation of Liability. 

     

    a.  EXCEPT
      AS
      EXPRESSLY SET FORTH IN THIS AGREEMENT, REGARDLESS OF ANY ADVERTISEMENTS, EACH
      PARTY HEREBY DISCLAIMS ALL WARRANTIES, EXPRESS OR IMPLIED, RELATING TO THE
      PRODUCTS AND SERVICES, INCLUDING THE LICENSED SOFTWARE, AND ALL MODIFICATIONS
      OR
      UPGRADES THERETO, REGARDLESS OF FORM, AND RELATED DOCUMENTATION, INCLUDING
      ANY
      WARRANTIES OF NON-INFRINGEMENT, FREEDOM FROM INTERFERENCE WITH ENJOYMENT,
      MERCHANTABILITY, QUALITY, ACCURACY, FITNESS OF RESULTING WORK PRODUCT, FITNESS
      FOR A PARTICULAR PURPOSE, OR THAT PRODUCTS OR SERVICES, INCLUDING ANY LICENSED
      SOFTWARE, WILL GENERATE CERTAIN RESULTS.

    

      
        
          Execution
            Copy—September
            26, 2005

          

          ***** Portion
            for which confidential treatment requested.

          
          

        

        
          14

          
            

          

        

        
          
          

        

      

    

     

    b.  EXCEPT
      AS
      EXPRESSLY PROVIDED IN THE INDEMNIFICATION PROVISIONS OF THIS AGREEMENT: (1)
      NEITHER PARTY ASSUMES ANY LIABILITY EXCEPT AS EXPRESSLY PROVIDED IN THIS
      AGREEMENT; (2) IN NO EVENT SHALL EITHER PARTY BE LIABLE WHETHER IN CONTRACT
      OR
      TORT (INCLUDING, BUT NOT LIMITED TO, NEGLIGENCE) FOR DAMAGES RELATING TO LOSS
      OF
      MAGNETICALLY STORED COMPUTER PROGRAMS OR DATA, OR FOR ANY SPECIAL, INDIRECT,
      INCIDENTAL, OR CONSEQUENTIAL DAMAGES, EVEN IF SUCH PARTY HAS BEEN ADVISED OF
      THE
      POSSIBILITY OF SUCH DAMAGES; AND (3) NO CHARGES OR EXPENSES INCIDENT TO ANY
      CLAIM SHALL BE ALLOWED UNLESS APPROVED BY AN AUTHORIZED REPRESENTATIVE OF SUCH
      PARTY. THIS LIMITATION OF LIABILITY IS INDEPENDENT OF, AND SHALL SURVIVE ANY
      FAILURE OF, ANY EXCLUSIVE REMEDIES OTHERWISE PROVIDED FOR IN THIS
      AGREEMENT.

     

    13.   Confidentiality
      and Non-Disclosure; Press Releases 

     

    a.  LXE
      and
      Voxware mutually acknowledge that they have executed a Proprietary Information
      Exchange Agreement, dated ***** (the “Non-Disclosure Agreement” or “NDA”), the
      terms of which are incorporated by reference as if fully set forth herein.
      All
      information protected by a party under the NDA shall be deemed the “Confidential
      Information” of such party under this Agreement.

     

    b.  The
      terms
      of the NDA are hereby extended to include discussions and activities by the
      parties with each other, including in connection with this Agreement, for the
      duration of this Agreement and ***** thereafter with respect to any Confidential
      Information that is not a trade secret. With respect to trade secrets, the
      NDA
      will extend protection for as long as such information remains a trade secret
      under applicable law. Each party may disclose to the other non-public
      information and trade secrets (including computer programs recorded in firmware
      or on some other medium) and other non-public proprietary information concerning
      the Products and its business and affairs, and the same shall be deemed
      Confidential. 

     

    c.  This
      Agreement is the Confidential Information of both parties. Except as required
      by
      law, neither party may reveal this Agreement or any of its provisions to any
      person other than its employees and consultants with whom such party has a
      confidential relationship without the without the prior written permission
      of
      the other party. In addition, if a public disclosure is required by law,
      including without limitation a filing with the Securities and Exchange
      Commission, the disclosing Party shall provide copies of the disclosure
      reasonably in advance of such filing or other disclosure for the non-disclosing
      Party’s prior review and comment.

     

    d.  The
      parties further agree that LXE’s manufacture of the 410 Branded Products for
      Voxware, the collaborative development of the Next Generation Products for
      Voxware, and the licensing of the 410 Technology and the 410 Hardware Products
      for production by LXE are particularly sensitive items of Confidential
      Information to Voxware, and LXE agrees to hold these items in strict
      confidentiality.

     

    e.  Neither
      party shall issue a press release regarding the other party or any activities
      under this Agreement without the prior written agreement of the other party.
      The
      parties agree to issue a press release promptly after execution of this
      Agreement to announce (1) LXE’s launch of the HX1 Product (the LXE
      implementation of the 410 Hardware Product), (2) LXE’s selection of Voxware’s
      Browser for distribution with the HX1 Product and future LXE Products, and
      (3)
      the parties’ agreement that LXE’s Equipment and Voxware’s Licensed Software will
      be compatible in all future Products. The parties further agree that the content
      of all press releases and collateral material will be mutually agreed to prior
      to publication, and that the parties will negotiate in good faith the content
      of
      these materials.

    

      
        
          Execution
            Copy—September
            26, 2005

          

          ***** Portion
            for which confidential treatment requested.

          
          

        

        
          15

          
            

          

        

        
          
          

        

      

    

     

    14.   Indemnification.

     

    a.  Each
      party (“indemnitor”) shall indemnify, hold harmless, and defend, at its expense,
      any claim or suit brought by a third party within the Territory against the
      other party, its officers, employees, agents or contractors (each, an
“indemnitee”) specifically alleging that 

     

    (i)  Any
      of
      the Products (excluding the 410 Technology, the 410 Hardware Product, the Work
      Product or the Next Generation Product) of indemnitor furnished hereunder
      infringe a patent, trademark, copyright, mask work, trade secret or other
      intellectual property right of the third party.

     

    (ii)  Voxware
      shall be the indemnitor and LXE shall be the indemnitee regarding any claim
      that
      the 410 Technology or the 410 Hardware Product as provided by Voxware infringes
      a patent, trademark, copyright, mask work, trade secret or other intellectual
      property right of the third party.

     

    (iii)  LXE
      shall
      be the indemnitor and Voxware shall be the indemnitee regarding any claim that
      the Work Product or the Next Generation Branded Product as provided by LXE
      infringes a patent, trademark, copyright, mask work, trade secret or other
      intellectual property right of the third party.

     

    (iv)  The
      indemnitor made any untrue or unsupportable oral or written statements or
      warranties regarding any Product that is not contained within the Supplier’s
      written documentation.

     

    (v)  The
      indemnitor caused, in whole or in part, directly or indirectly, personal injury
      or damage to real or personal property. 

     

    b.  The
      indemnitor shall pay all costs and damages based on any such claim awarded
      following appeal, if any. In the defense or settlement of any claim alleging
      intellectual property infringement, the indemnitor may obtain for the indemnitee
      the right to continue using the accused Products, replace or modify the accused
      Products so that they become non-infringing or, if such remedies are not
      reasonably available, grant the indemnitee a credit for the accused Products
      as
      depreciated and accept their return if provided by the indemnitor. 

     

    c.  The
      indemnitor shall not have any indemnification liability under this Section
      for
      any alleged intellectual property infringement that is based upon (a) the use
      or
      sale of the accused Products or other items in combination with other products
      or devices not furnished by the indemnitor, (b) the use of the accused Products
      or other items in a manner for which they were not designed, or (c) any
      unauthorized modification of the Products or other item.

     

    d.  Indemnification
      under this Section is conditioned on the indemnitee providing prompt written
      notice to the indemnitor and tendering defense of the claim to the indemnitor.
      The indemnitor shall have control of the defense or settlement of any claim,
      provided that the indemnitor shall have no right to admit liability on the
      part
      of the indemnitee. The indemnitee shall reasonably cooperate in the defense
      or
      settlement of the claim at the indemnitor’s cost and expense. The indemnitee
      shall be entitled to retain its own counsel at the indemnitee’s own expense to
      participate in the defense or settlement of the claim in an advisory
      capacity.

     

    e.  NOTWITHSTANDING
      THE ABOVE, INDEMNITOR SHALL NOT BE LIABLE FOR LOSSES TO THE EXTENT THAT SUCH
      LOSSES ARE CAUSED BY INDEMNITEE’S NEGLIGENCE OR INTENTIONAL ACTS.

     

    15.   Term
      and Termination. 

     

    a.  Term.
      This
      Agreement is effective on the Effective Date and shall remain in effect for
      an
      initial period of five years (“Initial Term”), and shall automatically renew for
      additional periods of one year each (each, a “Renewal Term” together with the
      Initial Term, “Term”). 

    

      
        
          Execution
            Copy—September
            26, 2005

          

          ***** Portion
            for which confidential treatment requested.

          
          

        

        
          16

          
            

          

        

        
          
          

        

      

    

     

    b.  Termination
      for Convenience.
      This
      Agreement may be terminated by either party upon no less than ***** written
      notice to the other party effective only as of the end of the Initial Term
      or
      any Renewal Term. 

     

    c.  Termination
      for Material Breach.
      Either
      party may terminate this Agreement if the other party “materially breaches” this
      Agreement and fails to cure such breach within ***** of notice of such breach
      by
      the non-breaching party. For purposes of clarity, “material breaches” by (i)
      Voxware shall include, but not be limited to, a breach of Section 4(a)(iii),
      or
      (ii) LXE shall include, but not be limited to, a breach of Sections 4(c) or
      4(f).

     

    d.  Bankruptcy. 

     

    (i)  If
      either
      party files a petition in bankruptcy or makes an assignment for the benefit
      of
      creditors or if any involuntary petition in bankruptcy or petition for an
      arrangement of debts is entered in a court or consented to by either of the
      parties or a receiver is appointed for the business of either party, or any
      part
      thereof, and the said involuntary petition or petition for an arrangement or
      appointment of a receiver is not vacated or discharged within ***** or if either
      party discontinues its operations for any reason whatsoever, the other party
      may
      immediately terminate this Agreement upon notice to such party. 

     

    (ii)  This
      Agreement is executory in nature and so long as Reseller has any continuing
      obligations hereunder, Supplier of Licensed Software shall be entitled to
      protect the source code and object code of the Licensed Software by impounding
      in the event of the bankruptcy of the Reseller. No trustee, receiver or debtor
      in possession may retain the Supplier’s Licensed Software (in any form) or sell
      or re-license any Licensed Software, unless all of the provisions of 11 U.S.C
      Section 365 of the United States Bankruptcy Act have been complied with and
      the
      Supplier of the Licensed Software is adequately protected. Similarly, Section
      365(n) of the U.S. Bankruptcy Act applies in the event of any bankruptcy of
      the
      Supplier.

     

    16.   Effect
      of Termination or Expiration. 

     

    Upon
      the
      termination of this Agreement for any reason, the following shall
      occur:

    

    a.  All
      rights, licenses, privileges and obligations granted or received by the parties
      under this Agreement shall immediately cease and terminate, except as
      specifically preserved, extended or imposed by this Section.

     

    b.  The
      Reseller may continue to sell unsold inventories of the Supplier’s Products in
      Reseller’s possession at the time of termination in accordance with the terms
      and conditions of the Agreement. Except in cases where this Agreement is
      terminated by one party for breach of this Agreement by the other party, for
      a
      period of ***** after such termination, Supplier agrees to process Reseller’s
      orders for Supplier’s Products that relate to Reseller’s quotations with
      Prospective Customers that were issued prior to termination.

     

    c.  Following
      Reseller’s sale or disposition of any Supplier Products remaining in inventory
      at the time of termination, Reseller shall cease to use any of Supplier’s
      Trademarks and shall, within a reasonable period of time, remove any reference
      to Supplier from its advertising and promotional material, including the
      Reseller’s web site.

     

    d.  Any
      monies due and payable according to the terms of this Agreement shall be paid
      within 30 days of the termination of this Agreement.

     

    e.  Reseller
      shall return to Supplier all unused advertising and promotional materials for
      Supplier’s Products in the possession of Reseller which are not obsolete and in
      their original packaging and otherwise dispose of as Supplier may direct, all
      sales manuals, price lists, data sheets, technical materials, advertising
      materials, and other data relating to the Supplier Products or Supplier that
      may
      have been furnished to Reseller.

    

      
        
          Execution
            Copy—September
            26, 2005

          

          ***** Portion
            for which confidential treatment requested.

          
          

        

        
          17

          
            

          

        

        
          
          

        

      

    

     

    f.  Neither
      party hereto shall be liable to the other party for damages, losses, indemnity,
      compensation, costs or expenses of any kind or character whatsoever on account
      of the expiration or termination of this Agreement, whether such damages,
      losses, costs or expenses arise from the loss of Prospective sales, or expenses
      incurred or investments made in connection with the establishment, development
      or maintenance of the Reseller’s or Supplier’s business, creation of goodwill,
      markets and customers for the Products or any other reason whatsoever.
      Notwithstanding anything to the contrary contained herein, such expiration
      or
      termination shall not affect any claim, demand, liability or right (a) of the
      Reseller or Supplier arising pursuant to this Agreement prior to the expiration
      or termination hereof, or (b) of Supplier arising after expiration or
      termination in connection with the sale by the Reseller of its remaining
      inventory of the Products or in connection with a breach of any other term
      which
      survives the termination of this Agreement.

     

    17.   Regulatory
      Approvals/Reporting/Export.

     

    a.  Regulatory
      Approvals. The
      Reseller shall undertake to assist Supplier in acquiring all necessary
      regulatory or other approvals for engaging in the sale, delivery, connection
      and
      use of the Supplier Products within the Territory. All such approvals will,
      to
      the extent permitted by law, be obtained in the name of and on behalf of
      Supplier, and, in each instance where a Product approval may not under law
      be
      obtained in the name of and on behalf of Supplier, the Reseller shall arrange
      to
      secure the agreement of the holder of such Product approval to transfer such
      approval to the nominee designated by Supplier from time to time upon the advice
      of the Reseller. The Reseller shall provide Supplier with copies of all
      applications for approval submitted by the Reseller and documentation submitted
      or prepared in connection therewith.

     

    b.  Governmental
      Reporting Requirements. 
      The Reseller shall provide to Supplier all assistance necessary to prepare
      and
      file any report or other document required by any governmental agency or body
      within the Territory and shall, at Supplier’s request, prepare and file any such
      report or document on behalf of Supplier, and provide Supplier promptly with
      copies of any such report or document.

     

    c.  Export.

     

    (i)  Reseller
      agrees to fully comply with all applicable laws and regulations concerning
      its
      import, export or re-export of the Products or technical data related thereto,
      including, without limitation, the U.S. Export Administration Regulations and
      the U.S. International Traffic in Arms Regulations. The Reseller further agrees
      to provide Supplier with such assurances and certifications as to the Reseller’s
      activities as Supplier may reasonably request in compliance with such laws
      and
      regulations.

     

    (ii)  Supplier
      has no obligation to seek any such license, certificate or approval of the
      import, export or re-export of the Products or technical data related thereto,
      and the Reseller is not authorized to seek the same on Supplier’s behalf.
      Supplier has no obligation under this Agreement to provide the Reseller guidance
      on the Reseller’s export or re-export of Supplier Products or related technical
      data even if Supplier may do so from time-to-time as a convenience to the
      Reseller or for any other reason.

     

    (iii)  Supplier
      has no obligation to deliver to the Reseller any Product or related technical
      data as to which necessary export licenses, certificates and approvals for
      export from the Supplier Shipping Point have not been received by Supplier.
      Supplier shall have no duty to modify any Products or related technical data
      to
      render them suitable for any export or re-export license, certificate or
      approval whether sought by Supplier or the Reseller.

     

    18.   Records;
      Audit Rights.

     

    a.  Each
      party shall maintain all records that are necessary to reasonably enable an
      auditor to verify compliance with this Agreement (“Records”) during the Term and
      for ***** thereafter. 

     

    b.  Upon
      reasonable prior notice, each party (“audited party”) shall permit the other
      party (“auditing party”) or its authorized representatives to:

     

    (i)  Audit
      the
      audited party’s use of the Supplier’s Products to ensure the audited party’s
      compliance with the terms and conditions of this Agreement.

    

      
        
          Execution
            Copy—September
            26, 2005

          

          ***** Portion
            for which confidential treatment requested.

          
          

        

        
          18

          
            

          

        

        
          
          

        

      

    

     

    (ii)  Voxware
      may audit LXE’s Bill of Materials, Labor Costs and related costs and expenses
      for the 410 Hardware Product and the Next Generation Product no more than once
      per calendar quarter, provided, that Voxware shall be allowed to conduct an
      additional audit in such ***** in the event it finds that LXE is not in
      compliance with this Agreement.

     

    (iii)  Voxware
      may audit LXE’s Records to determine compliance of Sections 6.f., 6.g. and 6.h.
      no more than once *****, provided, that Voxware shall be allowed to conduct
      an
      additional audit in such ***** in the event it finds that LXE is not in
      compliance with this Agreement. 

     

    (iv)  Inspect
      all books, records and accounts of audited party which pertain or relate in
      any
      way to the distribution of the Supplier Products. 

     

    c.  The
      audit
      shall be conducted during normal business hours, in such a manner as to minimize
      any interference with the conduct of audited party’s business, and in compliance
      with the audited party’s reasonable security, safety, and confidentiality
      requirements. The audited party shall make the Records available at such
      location as shall be reasonably designated by audited party and as reasonably
      required to conduct the audit on a timely basis. 

     

    d.  The
      auditing party bears the expense of the audit. If any such examination reveals
      that the audited party has failed at any time to comply with any provision
      of
      this Agreement: (1) The auditing party shall provide to the audited party a
      notice identifying such noncompliance and setting forth the auditing party’s
      reasonable estimate of the damages resulting from such noncompliance and, if
      the
      damages exceed ***** of the fees or other amounts paid to audited party over
      the
      period of the noncompliance, the audited party shall reimburse the auditing
      party the cost of performing such audit; and (B) the audited party shall,
      immediately upon receipt of such notice, pay to the auditing party the amount
      of
      such damages, plus interest on the amount of such damages at the rate of *****
      per month (or, if lower, the maximum rate permitted by law) from the date on
      which the correct amounts of money should have been paid to audited party
      through the date on which such damages are actually paid to the auditing
      party.

     

    19.   Trademarks,
      Trade Names and Related Matters

     

    a.  Authorization.
      Reseller may refer to itself within the Territory during the Term as an
      Authorized Reseller for Supplier Products, solely in connection with the
      Products purchased or otherwise acquired from Supplier under this Agreement.
      

     

    b.  Restrictions.
      No
      rights are granted to Reseller to use Supplier’s Trademarks in connection with
      the Products, except as provided in this Agreement, and except for the limited
      permission for Reseller to use Supplier’s Trademarks solely to identify Products
      purchased from Supplier under this Agreement and to do so only within the
      Territory. Reseller shall provide to Supplier, for prior review, all
      promotional, advertising and other materials using or displaying any Trademark
      or trade name of Supplier or third parties used in connection with the Products
      or referring to the Reseller as an authorized reseller of Supplier, unless
      such
      materials and uses are reasonably within the then-current Supplier Trademark
      guidelines, a current version of which is set forth in Appendices C-1 (for
      LXE)
      and C-2 (for Voxware) attached hereto, which each Supplier may unilaterally
      change in its sole discretion from time to time. Reseller agrees to change
      or
      correct, at Reseller’s expense, any such material or use thereof which Supplier,
      in its sole judgment, determines to be inaccurate, objectionable, misleading,
      or
      a misuse of the Supplier’s Trademarks. Reseller agrees to comply with any
      reasonable advertising guidelines that Supplier may issue from time to
      time.

     

    c.  Specific
      Products.
      The
      parties agree that certain Products will bear the following Primary Branding
      and
      Secondary Branding:

     

    (i)  All
      410
      Hardware Products manufactured by LXE for sale by Voxware shall bear the Primary
      Branding of Voxware and shall be known as 410 Branded Product.

    

      
        
          Execution
            Copy—September
            26, 2005

          

          ***** Portion
            for which confidential treatment requested.

          
          

        

        
          19

          
            

          

        

        
          
          

        

      

    

     

    (ii)  Branding
      of Next Generation Products manufactured by LXE for sale by Voxware shall
      contain the Primary Branding of Voxware and shall be known as Next Generation
      Branded Product. 

     

    (iii)  All
      Licensed Software of Voxware that LXE distributes to third parties shall bear
      the Primary Branding of LXE and a Secondary Branding of Voxware (e.g., “Powered
      by Voxware”).

     

    (iv)  All
      pouches holding 410 Hardware Products and Next Generation Products distributed
      by LXE to third parties with the Browser shall contain Secondary Branding of
      Voxware and the level of such Secondary Branding shall be agreed to in good
      faith at a later time. 

     

    (v)  All
      Headsets provided by Voxware to LXE for use and resale by LXE will bear the
      Primary Branding of LXE.

     

    d.  Termination.
      The
      permission granted relative to the Trademarks shall terminate with the
      termination or expiration of this Agreement. Upon such termination or
      expiration, Reseller shall immediately cease referring to itself as an
      authorized reseller for the affected Products and shall immediately cease using
      Trademarks and trade names of Supplier and of third parties in connection with
      affected Products, except those on such Products which remain in Reseller’s
      possession. Reseller shall also promptly return to Supplier or destroy all
      materials in its possession or under its control employing such trademarks
      or
      trade names used in connection with the affected Products, except those
      reasonably required to fulfill Reseller’s warranty service obligations, if any,
      which materials will be returned to Supplier or destroyed upon completion of
      such warranty obligations.

     

    e.  Goodwill.
      Any and
      all use of LXE’s Trademarks, and the goodwill generated thereby, shall inure to
      the benefit of LXE. Any and all use of Voxware’s Trademarks, and the goodwill
      generated thereby, shall inure to the benefit of Voxware. Any and all use of
      a
      third party’s Trademarks, and the goodwill generated thereby, shall inure to the
      benefit of such third party. Reseller further agrees not to contest or take
      any
      action to contest the Trademarks of Supplier nor Supplier’s ownership thereof.
      Reseller agrees not to use, employ or attempt to register any Trademarks that
      are confusingly similar to the Trademarks of Supplier.

     

    20.   General
      Provisions.

     

    a.  Notices.
      Any
      notices or other communication required by or relating to this Agreement shall
      be in writing, and shall be deemed given as follows: (a) if delivered by hand
      or
      sent by facsimile, on the date of receipt, as confirmed by the courier or by
      automatic facsimile confirmation; (b) if sent by cable, telegram, or telex,
      on
      the day following the day of sending; (c) if sent by certified or registered
      mail, return receipt requested, with a copy sent by first class mail, on the
      earlier of the date of receipt thereof or on the third day after mailing, in
      each case to the address set forth below, subject to any address change provided
      by notice given in such manner.

     

    
      	
              If
                to LXE

            	 	
              If
                to Voxware:

            
	
              LXE
                Inc.

              125
                Technology Parkway

              Norcross,
                GA 30092 USA

              Attention:
                Contracts and Legal Affairs

              Facsimile:
                (770) 263-0538

            	 	
              Voxware,
                Inc.

              168
                Franklin Corner Road

              Lawrenceville,
                NJ 08648 USA

              Attention:
                Office-of-the-CFO

              Facsimile:
                (609) 514-4101

               

            

    

    

    b.  Force
      Majeure.
      If
      the
      performance of this Agreement, or of any of the obligations specified herein,
      is
      prevented, delayed, or restricted by reason of any act of God, act of war,
      or
      any other cause beyond the reasonable control of the affected party, the party
      so affected will be excused from performance for the duration of such cause,
      provided that the party so affected will use its best efforts to notify the
      other party and reasonable commercial efforts to avoid or remove the cause
      of
      non-performance and will resume performance with utmost dispatch whenever such
      cause is removed. If such cause of non-performance continues for a period of
      more than 30 days, the other party shall have the right to terminate this
      Agreement, and the same shall not be a breach of this Agreement.

    

      
        
          Execution
            Copy—September
            26, 2005

          

          ***** Portion
            for which confidential treatment requested.

          
          

        

        
          20

          
            

          

        

        
          
          

        

      

    

     

    c.  Agreement
      Approval.
      Each
      party hereby represents and warrants that all necessary approvals for this
      Agreement have been obtained, and the person whose signature appears below
      has
      the authority necessary to execute and deliver this Agreement on behalf of
      the
      party indicated.

     

    d.  Assignment.
      Neither
      party shall be relieved of any responsibilities or assign any rights or claims
      under this Agreement or for breach thereof, without prior written consent of
      the
      other, and any such attempted relief of responsibility or assignment shall
      be
      void. Notwithstanding the foregoing, the acquisition or merger of either party,
      or any of its affiliates or subsidiaries, shall not be deemed an assignment
      under this Section.

     

    e.  Modifications.
      No
      modification of any of the terms and conditions of this Agreement shall be
      effective unless such modification is expressed in writing and executed by
      each
      of the parties hereto.

     

    f.  Relationship
      of Parties.
      The
      parties are acting herein as independent contracting parties. Nothing herein
      shall create or be construed as creating a partnership, joint venture or agency
      relationship between the parties, and no party shall have the authority to
      bind
      the other in any respect.

     

    g.  Governing
      Law.
      The
      parties agree that this Agreement shall be governed by and construed in
      accordance with the laws of the State of Georgia, without regard to Georgia’s
      conflict and choice of law provisions. The
      United Nations Convention on Contracts for the International Sale of Goods
      shall
      not apply to this Agreement or any transactions hereunder. 

     

    h.  Dispute
      Resolution.

     

    (i)  For
      any
      dispute arising under the Agreement that is not resolved informally, either
      party may give to the other party written notice of the dispute and shall
      include reasonable detail concerning the alleged deficiency in performance
      of
      the other party. The parties (including without limitation at least one officer
      of each party) shall then meet in person at one of the party’s corporate offices
      or other location mutually agreed upon and attempt in good faith to reach an
      agreement resolving the dispute (such effort referred to as the “Internal
      Mediation”). If the parties have not signed a written agreement to resolve the
      dispute within 10 business days from the commencement of the Internal Mediation,
      then either party may pursue arbitration as stated in this Section upon written
      notice and within ten (10) business days after the conclusion of Internal
      Mediation. Except as otherwise specifically provided, neither party shall
      initiate arbitration unless and until the Internal Mediation procedures
      described in this Section have been completed, or have been waived by both
      parties.

     

    (ii)  Any
      controversy or claim between the parties arising out of or relating to this
      Agreement, or that may otherwise arise between the parties outside of this
      Agreement that has not been resolved by the Internal Mediation will be
      determined by binding arbitration pursuant to the Commercial Arbitration Rules
      of the American Arbitration Association (the “AAA”). The arbitration shall be
      heard by three (3) arbitrators in each case in which the aggregate amount in
      controversy exceeds *****; otherwise the arbitration shall be heard by one
      (1)
      arbitrator. Each arbitrator must be disinterested, must be knowledgeable in
      information technology, and experienced in commercial transactions. Each
      arbitrator shall be appointed jointly by the parties within 60 days following
      the date on which the arbitration is instituted. If the parties are unable
      to
      agree upon an arbitrator within such 60-day period, the AAA shall select such
      arbitrator within 30 days thereafter. The arbitration hearings will be held
      in
      Washington, DC, which the parties have chosen as it is a large city between
      the
      headquarters of each of the parties, and should have a reasonably large pool
      of
      Prospective arbitrators.

     

    (iii)  Any
      request for preliminary or injunctive relief shall be heard by the arbitration
      panel. In the event that a party requests emergency or preliminary relief be
      granted before the arbitrators are empanelled, then the AAA shall appoint one
      arbitrator to immediately hear and decide such request pursuant to the Optional
      Rules for Emergency Measures of Protection.

     

    (iv)  The
      arbitral award will be final and binding, and may be entered and enforced in
      any
      court of competent jurisdiction. The arbitrator will not have the power to
      award
      any damages excluded by, or in excess of, any damage limitations expressed
      in
      this Agreement. Issues of arbitrability will be determined solely in accordance
      with the federal substantive and procedural laws relating to arbitration; in
      all
      other respects, the arbitrator will be obligated to apply and follow the
      substantive law of the State of Georgia without reference to its conflicts
      of
      laws provisions.

    

      
        
          Execution
            Copy—September
            26, 2005

          

          ***** Portion
            for which confidential treatment requested.

          
          

        

        
          21

          
            

          

        

        
          
          

        

      

    

     

    (v)  Unless
      the arbitration panel determines that a party has committed or has attempted
      to
      commit fraud, each party will bear its own attorneys’ fees and other costs
      associated with the negotiation and arbitration under this Agreement, except
      that the costs and expenses of the arbitrators shall be shared equally. If
      court
      proceedings to stay litigation or compel arbitration are necessary, the party
      who unsuccessfully opposes such proceedings will reimburse and pay all
      associated costs, expenses and attorneys’ fees that are reasonably incurred by
      the other party.

     

    (vi)  In
      order
      to facilitate the resolution of any controversies or claims, the parties agree
      that all such controversies or claims, including any negotiations, evidence
      and
      settlement terms, shall be treated as Confidential Information under the
      confidentiality provisions of this Agreement and the NDA, except that the award
      entered in any court need not be filed under seal. 

     

    i.  Severability.
      The
      provisions of this Agreement are severable, and the unenforceability of any
      provision of this Agreement shall not affect the enforceability of the remainder
      of this Agreement. In the event that any court of competent jurisdiction holds
      or rules that any provision of this Agreement is invalid or unenforceable in
      any
      circumstances, to the extent legally permissible, this Agreement shall be
      construed and enforced to most closely reflect the parties’ intentions, and the
      remainder of this Agreement, and the application of such provision in any other
      circumstances, will not be affected by such holding or ruling.

     

    j.  Waiver.
      Either
      party’s failure to exercise any of its rights under this Agreement shall not
      constitute a waiver of any past, present or future right or remedy.

     

    k.  Retention
      of Rights.
      Except
      as specifically provided herein, neither party shall obtain, by this Agreement,
      any right, title or interest in or to any Intellectual Property Rights embodied
      in the Products and sub-assemblies thereof manufactured by, or on behalf of,
      the
      other party, nor shall this Agreement give either party the right to use, refer
      to, or incorporate in any way or form such Intellectual Property Rights of
      the
      other party.

     

    l.  Captions.
      The
      captions used in this Agreement are for convenience only and shall not affect
      in
      any way the meaning or interpretation of the provisions set forth
      herein.

     

    m.  Survival.
      Sections 6.l, 6.m, 10.b,
      10.d,
      10.e,
      11,
12,
      13,
      14,
      16,
      18,
      19.d
      and
20,
      the
      obligation to pay any accrued amounts, and any provisions necessary to construe
      a party’s legal rights after termination, shall survive the termination,
      cancellation or expiration of this Agreement. 

     

    n.  Entire
      Agreement.
      This
      Agreement shall constitute the final, complete and exclusive written expression
      of the intentions of the parties hereto and shall supersede all previous
      communications, representations, agreements, promises, or statements, either
      oral or written, by either party. Except
      as
      provided herein, this
      Agreement may be amended only in writing signed by each of the parties hereto.
      No other terms and conditions, including any terms and conditions stated on
      any
      Purchase Order or any document(s) accompanying such Purchase Order, shall be
      applicable except as otherwise provided herein.

     

    

    [SIGNATURE
      PAGE FOLLOWS]

    

    
      
        
          Execution
            Copy—September
            26, 2005

          

          ***** Portion
            for which confidential treatment requested.

          
          

        

        
          22

          
            

          

        

        
          
          

        

      

    

    

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

    

    VOXWARE,
      INC.                                          LXE
      INC.

    

    

    By: /s/
      Thomas J. Drury,
      Jr.                                            By: /s/
      James
      S.
      Childress                            
           

    

    Name
      Printed: Thomas
      J.
      Drury,
      Jr.                               Name
      Printed: James
      S.
      Childress                       
  

    

    Title: President
      and Chief Executive
      Officer                      Title: President
      and General
      Manager                
  

    

    
      
        
          Execution
            Copy—September
            26, 2005

          

          ***** Portion
            for which confidential treatment requested.

          
          

        

        
          23

          
            

          

        

        
          
          

        

      

    

    

    Appendix
      A

    

    LXE
      Pricing to Voxware for the 410 Branded Products and
      the Next Generation Branded Products

    

    In
      accordance with Section 6.a, pricing for the 410 Hardware Products is as
      follows:

    

    
      	
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          Execution
            Copy—September
            26, 2005

          

          ***** Portion
            for which confidential treatment requested.

          
          

        

        
          24

          
            

          

        

        
          
          

        

      

    

     

    
      	
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    Pricing
      methodology for the Next Generation Branded Products is the same as that for
      the
      410 Branded Products, with certain changes to the computation as stated in
      Section 6.b.

    

    All
      410
      Branded Products and Next Generation Branded Products (except batteries) shall
      have a ***** Hardware Warranty from date of shipment from Voxware to Customer,
      or ***** from date of shipment from LXE to Voxware, whichever is
      shorter.

     

     

    
      
        
          Execution
            Copy—September
            26, 2005

          

          ***** Portion
            for which confidential treatment requested.

          
          

        

        
          25

          
            

          

        

        
          
          

        

      

    

    

    Appendix
      B: Voxware Pricing to LXE

     

    
      	
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            Execution
              Copy—September
              26, 2005

            

            ***** Portion
              for which confidential treatment requested.

            
            

          

          
            26

            
              

            

          

          
            
            

          

        

      

    

     

    
      	
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            Copy—September
            26, 2005

          

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    Appendix
      C-1: 

    

    Voxware’s
      Trademark Guidelines

    

    

    Voxware
      Trademarks:

    

    POWERED
      BY VOXWARETM

    

    VOXWARE®

    

    VOICELOGISTICS®

    

    

    

    

    

    

    

    The
      corporate colors are PMS 280 Navy Blue and PMS 109 Gold.

    

    Voxware
      will update its web page with any Trademarks or trade name changes, additions
      or
      deletions. LXE may review the most current Trademark or trade name data at
      www.voxware.com.

    

    
      
        
          Execution
            Copy—September
            26, 2005

          

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          28

          
            

          

        

        
          
          

        

      

    

    

    

    Appendix
      C-2: 

    

    

    LXE’s
      Trademark Guidelines

    

    

    
      
        
          Execution
            Copy—September
            26, 2005

          

          ***** Portion
            for which confidential treatment requested.

          
          

        

        
          29

          
            

          

        

        
          
          

        

      

    

    

    Appendix
      D: Voxware Customers
      and Prospective Customers

    

    Entities
      with an * denote a Voxware Prospective Customer. All other entities are Voxware
      Customers. 

    

    
      	
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    Appendix
      E: 410 Technology

    

     

    
      	·  	
              specifications,
                work-papers, design documents, and designer’s notes and instructions
                related to the 410 Product

            

    

     

     

    
      	·  	
              design
                drawings; design spec's of any kind and of any discipline that
                indicates the expected behavior of the 410 Product and its
                components   

            

    

     

     

    
      	·  	
              test
                plans & procedures including any source code and compile
                information necessary to generate runtime tests of the 410
                Product

            

    

     

     

    
      	·  	
              test
                results of any kind and of any discipline that backs up the expected
                behavior as well as indicates typical behavior of the 410
                Product

            

    

     

     

    
      	·  	
              test
                agencies certifications related to the 410
                Product

            

    

     

     

    
      	·  	
              process
                details related to the 410 Product

            

    

     

     

    
      	·  	
              Computer
                Aided Design Files in DxDesigner format for all Printed Circuit Board
                Schematics relate to the 410 Product; if DxDesigner files are not
                available, then:  (a) Computer Aided Design Files in DXF format
                for all Schematics for the 410 Product; (b) Design Drawings in PDF
                format
                for all Schematics for the 410
                Product.

            

    

     

     

    
      	·  	
              Computer
                aided design files in PADS format for all Printed Circuit Boards
                for the
                410 Product;  If PADS files are not available, then (a) Computer
                Aided Design Files in ASCII format for all Printed Circuit Boards
                for the
                410 Product (b) Computer Aided Design Files in DXF format for all
                Printed
                Circuit boards for the 410 Product (c) Computer Aided Design Files in
                GERBER format for all Printed Circuit boards for the 410 Product
                (d) Design Drawings in PDF format for all Printed Circuit boards
                for the 410 Product.

            

    

     

     

    
      	·  	
              Computer
                aided design files in Pro/Engineer format for all mechanical parts
                of the
                410 Product; if Pro/Engineer files are not available, then: 
                (a) computer aided design files in Step format for all mechanical
                parts of the 410 Product (b) computer aided design files in IGES
                format for all mechanical parts of the 410 Product (c) computer
                aided design files in DXF format for all mechanical parts of the 410
                Product (d) design drawings in PDF format for all
                mechanical parts of 410 Product. 

            

    

     

     

    
      
        
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            Copy—September
            26, 2005

          

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    Appendix
      F: Next Generation Product Specifications

    

    To
      be
      agreed to and attached hereto.

    

      

      
        
          
            Execution
              Copy—September
              26, 2005

            

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            32Class A(2006-14) Terms Document dated as of November 7, 2006.

 Exhibit 4.1 
 EXECUTION COPY 
  

 CAPITAL ONE MULTI-ASSET EXECUTION TRUST 
 as Issuer 
 and 
 THE BANK OF NEW YORK 

as Indenture Trustee 
 CLASS A(2006-14)
TERMS DOCUMENT 
 dated as of November 7, 2006 
 to 
 CARD SERIES INDENTURE SUPPLEMENT 
 dated as of October 9, 2002 
 to 
 ASSET POOL 1 SUPPLEMENT 
 dated as of
October 9, 2002 
 to 
 INDENTURE 
 dated as of October 9, 2002, as amended and restated as of January 13, 2006 
  

 TABLE OF CONTENTS 
  

					
	  	  	 	  	Page
		  	ARTICLE I	  	
		  	Definitions and Other Provisions of General Application	  	
			
	Section 1.01.	  	Definitions	  	1
			
	Section 1.02.	  	Governing Law	  	7
			
	Section 1.03.	  	Counterparts	  	7
			
	Section 1.04.	  	Ratification of Indenture, Asset Pool 1 Supplement and Indenture Supplement	  	7
		
	 ARTICLE II
 The Class A(2006-14) Notes
	  	
			
	Section 2.01.	  	Creation and Designation	  	8
			
	Section 2.02.	  	Adjustments to Required Subordinated Percentages	  	8
			
	Section 2.03.	  	Interest Payment	  	8
			
	Section 2.04.	  	Calculation Agent; Determination of LIBOR	  	9
			
	Section 2.05.	  	Payments of Interest and Principal	  	10
			
	Section 2.06.	  	Form of Delivery of Class A(2006-14) Notes; Depository; Denominations	  	10
			
	Section 2.07.	  	Delivery and Payment for the Class A(2006-14) Notes	  	10
			
	Section 2.08.	  	Targeted Deposits to the Accumulation Reserve Account	  	10
			
	Section 2.09.	  	[Reserved]	  	10

  

 -i- 

 THIS CLASS A(2006-14) TERMS DOCUMENT (this “Terms Document”), by and between CAPITAL ONE
MULTI-ASSET EXECUTION TRUST, a statutory trust created under the laws of the State of Delaware (the “Issuer”), having its principal office at E. A. Delle Donne Corporate Center, Montgomery Building, 1011 Centre Road,
Wilmington, DE 19805 and THE BANK OF NEW YORK, a New York banking corporation, as Indenture Trustee (the “Indenture Trustee”), is made and entered into as of November 7, 2006. 
 Pursuant to this Terms Document, the Issuer shall create a new tranche of Class A Notes and shall specify the principal terms thereof. 

ARTICLE I 
 Definitions and Other
Provisions of General Application 
 Section 1.01. Definitions. For all purposes of this Terms Document, except as otherwise
expressly provided or unless the context otherwise requires: 
  

	 	(1)	the terms defined in this Article have the meanings assigned to them in this Article, and include the plural as well as the singular; 

  

	 	(2)	all other terms used herein which are defined in the Indenture Supplement, the Asset Pool 1 Supplement or the Indenture, either directly or by reference therein, have the meanings
assigned to them therein; 

  

	 	(3)	all accounting terms not otherwise defined herein have the meanings assigned to them in accordance with generally accepted accounting principles and, except as otherwise herein
expressly provided, the term “generally accepted accounting principles” with respect to any computation required or permitted hereunder means such accounting principles as are generally accepted in the United States of America at the date
of such computation; 

  

	 	(4)	all references in this Terms Document to designated “Articles,” “Sections” and other subdivisions are to the designated Articles, Sections and other subdivisions
of this Terms Document; 

  

	 	(5)	the words “herein,” “hereof” and “hereunder” and other words of similar import refer to this Terms Document as a whole and not to any particular
Article, Section or other subdivision; 

  

	 	(6)	in the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Indenture Supplement, the Asset Pool 1
Supplement, the Indenture or the Transfer and Administration Agreement, the terms and provisions of this Terms Document shall be controlling; 

  

	 	(7)	each capitalized term defined herein shall relate only to the Class A(2006-14) Notes and no other Tranche of Notes issued by the Issuer; and 

  

 1 

	 	(8)	“including” and words of similar import will be deemed to be followed by “without limitation.” 

 “Accumulation Period Amount” means $41,666,666.67; provided, however, if the Accumulation Period Length is determined to
be less than twelve (12) months pursuant to Section 3.10(b)(ii) of the Indenture Supplement, the Accumulation Period Amount shall be the amount specified in the definition of “Accumulation Period Amount” in the Indenture
Supplement. 
 “Accumulation Reserve Funding Period” shall mean, (a) if the Accumulation Period Length is determined to
be one (1) month, there shall be no Accumulation Reserve Funding Period and (b) otherwise, the period (x) commencing on the earliest to occur of (i) the Monthly Period beginning three (3) calendar months prior to the first
Distribution Date for which a budgeted deposit is targeted to be made into the Principal Funding sub-Account of the Class A(2006-14) Notes pursuant to Section 3.10(b) of the Indenture Supplement, (ii) the Monthly Period following
the first Distribution Date following and including the September 2008 Distribution Date for which the Quarterly Excess Spread Percentage is less than 2%, but in such event the Accumulation Reserve Funding Period shall not be required to commence
earlier than 12 months prior to the first Distribution Date for which a budgeted deposit is targeted to be made into the Principal Funding sub-Account for the Class A(2006-14) Notes pursuant to Section 3.10(b) of the Indenture
Supplement, (iii) the Monthly Period following the first Distribution Date following and including the March 2009 Distribution Date for which the Quarterly Excess Spread Percentage is less than 3%, but in such event the Accumulation Reserve
Funding Period shall not be required to commence earlier than 6 months prior to the first Distribution Date for which a budgeted deposit is targeted to be made into the Principal Funding sub-Account for the Class A(2006-14) Notes pursuant to
Section 3.10(b) of the Indenture Supplement, and (iv) the Monthly Period following the first Distribution Date following and including the May 2009 Distribution Date for which the Quarterly Excess Spread Percentage is less than 4%,
but in such event the Accumulation Reserve Funding Period shall not be required to commence earlier than 4 months prior to the first Distribution Date for which a budgeted deposit is targeted to be made into the Principal Funding sub-Account for the
Class A(2006-14) Notes pursuant to Section 3.10(b) of the Indenture Supplement and (y) ending on the close of business on the last day of the Monthly Period preceding the earlier to occur of (i) the Expected Principal Payment
Date for the Class A(2006-14) Notes and (ii) the date on which the Class A(2006-14) Notes are paid in full. 
 “Asset Pool 1
Supplement” means the Asset Pool 1 Supplement dated as of October 9, 2002, by and between the Issuer and the Indenture Trustee, as amended and supplemented from time to time. 
 “Base Rate” means, with respect to any Monthly Period, the sum of (a) the Card Series Servicing Fee Percentage and (b) the
weighted average (based on the Outstanding Dollar Principal Amount of the related Card Series Notes) of the following: 
 (i)
in the case of a Tranche of Card Series Dollar Interest-bearing Notes with no Derivative Agreement for interest, the rate of interest applicable to such Tranche for the period from and including the Monthly Interest Accrual Date 
  

 2 

 for such Tranche of Card Series Dollar Interest-bearing Notes in such Monthly Period to but excluding the
Monthly Interest Accrual Date for such Tranche of Card Series Dollar Interest-bearing Notes in the following Monthly Period; 
 (ii) in the case of a Tranche of Card Series Discount Notes, the rate of accretion (converted to an accrual rate) of such Tranche for the period from and including the Monthly Interest Accrual Date for such Tranche of Card Series Discount
Notes in such Monthly Period to but excluding the Monthly Interest Accrual Date for such Tranche of Card Series Discount Notes in the following Monthly Period; 
 (iii) in the case of a Tranche of Card Series Notes with a Performing Derivative Agreement for interest, the rate at which payments by the
Issuer to the applicable Derivative Counterparty accrue (prior to the netting of such payments, if applicable) for the period from and including the Monthly Interest Accrual Date for such Tranche of Card Series Notes in such Monthly Period to but
excluding the Monthly Interest Accrual Date for such Tranche of Card Series Notes in the following Monthly Period; provided, however, that in the case of a Tranche of Card Series Notes with a Performing Derivative Agreement for interest in which the
rating on such Tranche of Card Series Notes is not dependant upon the rating of the applicable Derivative Counterparty, the amount determined pursuant to this clause (iii) will be the higher of (1) the rate determined pursuant to this
clause (iii) above and (2) the rate of interest applicable to such Tranche for the period from and including the Monthly Interest Accrual Date for such Tranche of Card Series Notes in such Monthly Period to but excluding the Monthly
Interest Accrual Date for such Tranche of Card Series Notes in the following Monthly Period; and 
 (iv) in the case of a
tranche of Card Series Notes with a non-Performing Derivative Agreement for interest, the rate specified for that date in the related Terms Document. 
 “Calculation Agent” is defined in Section 2.04(a). 
 “Class A(2006-14) Adverse
Event” means the occurrence of any of the following: (a) an Early Redemption Event with respect to the Class A(2006-14) Notes or (b) an Event of Default and acceleration of the Class A(2006-14) Notes. 
 “Class A(2006-14) Note” means any Note, substantially in the form set forth in Exhibit A-1 to the Indenture Supplement,
designated therein as a Class A(2006-14) Note and duly executed and authenticated in accordance with the Indenture. 
 “Class
A(2006-14) Noteholder” means a Person in whose name a Class A(2006-14) Note is registered in the Note Register. 
 “Class
A(2006-14) Termination Date” means the earliest to occur of (a) the Principal Payment Date on which the Outstanding Dollar Principal Amount of the Class A(2006-14) Notes is paid in full, (b) the Legal Maturity Date and
(c) the date on which the Indenture is discharged and satisfied pursuant to Article VI thereof. 
  

 3 

 “Excess Spread Percentage” shall mean, with respect to any Distribution Date, the
amount, if any, by which the Portfolio Yield for the preceding Monthly Period exceeds the Base Rate for such Monthly Period. 
 “Expected Principal Payment Date” means October 15, 2010. 
 “Initial Dollar Principal
Amount” means $500,000,000. 
 “Indenture” means the Indenture dated as of October 9, 2002, as amended and
restated as of January 13, 2006 by and between the Issuer and the Indenture Trustee, as amended and supplemented from time to time. 
 “Indenture Supplement” means the Card Series Indenture Supplement dated as of October 9, 2002, by and between the Issuer and the Indenture Trustee, as amended and supplemented from time to time. 
 “Interest Payment Date” means the fifteenth day of each month commencing in December 2006, or if such fifteenth day is not a Business
Day, the next succeeding Business Day. 
 “Interest Period” means, with respect to any Interest Payment Date, the period
from and including the previous Interest Payment Date (or in the case of the initial Interest Payment Date, from and including the Issuance Date) through the day preceding such Interest Payment Date. 
 “Issuance Date” means November 7, 2006. 
 “Legal Maturity Date” means August 15, 2013. 
 “LIBOR” means, for any
Interest Period, the London interbank offered rate for one-month United States dollar deposits determined by the Calculation Agent on the LIBOR Determination Date for such Interest Period in accordance with the provisions of
Section 2.04. 
 “LIBOR Determination Date” means November 3, 2006 for the period from and including the
Issuance Date to but excluding December 15, 2006 and the second London Business Day prior to the commencement of the second and each subsequent Interest Period. 
 “London Business Day” means any Business Day on which dealings in deposits in United States Dollars are transacted in the London interbank market. 
 “Maximum Subordination Amount of Class B Notes” means, for the Class A(2006-14) Notes for any date of determination, an amount
equal to the product of (a) Adjusted Outstanding Dollar Principal Amount of the Class A(2006-14) Notes on such date of determination and (b) the percentage equivalent of a fraction, the numerator of which is 10 and the denominator of which
is 83.00. 
  

 4 

 “Note Interest Rate” means a rate per annum equal to 0.01% in excess of LIBOR as
determined by the Calculation Agent on the related LIBOR Determination Date with respect to each Interest Period. 
 “Paying
Agent” means The Bank of New York. 
 “Portfolio Yield” means, with respect to any Monthly Period, the annualized
percentage equivalent of a fraction: 
 (a) the numerator of which is equal to the sum of: 
 (i) the aggregate amount of Finance Charge Amounts allocated to the Card Series with respect to such Monthly Period; plus

 (ii) the aggregate amount of Interest Funding sub-Account Earnings on all Tranches of Card Series Notes for such Monthly
Period; plus 
 (iii) any amounts to be treated as Card Series Finance Charge Amounts pursuant to Sections
3.20(d) and 3.27(a) of the Indenture Supplement; minus 
 (iv) the excess, if any, of (1) the sum of
the PFA Prefunding Earnings Shortfall plus the PFA Accumulation Earnings Shortfall over (2) the sum of the aggregate amount to be treated as Card Series Finance Charge Amounts for such Monthly Period pursuant to Sections
3.04(a)(ii) and 3.25(a) of the Indenture Supplement plus any other amounts applied to cover earnings shortfalls on amounts in the Principal Funding sub-Account for any tranche of Card Series Notes for such Monthly Period;
minus 
 (v) the Card Series Default Amount for such Monthly Period; and 
 (b) the denominator of which is the numerator used in the calculation of the Card Series Floating Allocation Percentage for such Monthly Period.

 “Quarterly Excess Spread Percentage” means, with respect to the September 2008 Distribution Date and each Distribution
Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Spread Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three. 
 “Record Date” means, for any Distribution Date, the last Business Day of the preceding Monthly Period. 
 “Reference Banks” means four major banks in the London interbank market selected by the Beneficiary 
  

 5 

 “Required Accumulation Reserve sub-Account Amount” means, with respect to any Monthly
Period during the Accumulation Reserve Funding Period, an amount equal to (i) 0.5% of the Outstanding Dollar Principal Amount of the Class A(2006-14) Notes as of the close of business on the last day of the preceding Monthly Period or
(ii) any other amount designated by the Issuer; provided, however, that if such designation is of a lesser amount, the Note Rating Agencies shall have provided prior written confirmation that a Ratings Effect will not occur with
respect to such change. 
 “Required Subordinated Amount of Class B Notes” means, for the Class A(2006-14) Notes for any
date of determination, an amount equal to the product of (a) the Required Subordinated Percentage of Class B Notes for such Class A(2006-14) Notes on such date of determination and (b) the Adjusted Outstanding Dollar Principal Amount of
such Class A(2006-14) Notes on such date of determination; provided, however, that such an amount shall not exceed the Maximum Subordination Amount of Class B Notes for the Class A(2006-14) Notes; provided further,
however, that for any date of determination on or after the occurrence and during the continuation of a Class A(2006-14) Adverse Event, the Required Subordinated Amount of Class B Notes for the Class A(2006-14) Notes will be the greater of
(x) the amount determined above for such date of determination and (y) the amount determined above for the date immediately prior to the date on which such Class A(2006-14) Adverse Event shall have occurred. 
 “Required Subordinated Amount of Class C Notes” means, for the Class A(2006-14) Notes for any date of determination, an amount equal to
the product of (a) the Required Subordinated Percentage of Class C Notes for such Class A(2006-14) Notes on such date of determination and (b) the Adjusted Outstanding Dollar Principal Amount of such Class A(2006-14) Notes on such date of
determination; provided, however, that for any date of determination, unless (i) the Prefunding Target Amount for any Tranche of Card Series Notes on such date of determination is greater than zero or (ii) any prefunded
amounts are on deposit in a Principal Funding sub-Account on such date of determination for any Tranche of Card Series Notes, the Required Subordinated Amount of Class C Notes for the Class A(2006-14) Notes will not be less than an amount equal to
(i) 3.0% of the Initial Dollar Principal Amount of the Class A(2006-14) Notes, minus (ii) the Required Subordinated Amount of Class D Notes for the Class A(2006-14) Notes; provided further, however, that for any
date of determination on or after the occurrence and during the continuation of a Class A(2006-14) Adverse Event, the Required Subordinated Amount of Class C Notes for the Class A(2006-14) Notes will be the greater of (x) the amount determined
above for such date of determination, (y) the amount determined above for the date immediately prior to the date on which such Class A(2006-14) Adverse Event shall have occurred and (z) unless (i) the Prefunding Target Amount for any
Tranche of Card Series Notes on such date of determination is greater than zero or (ii) any prefunded amounts are on deposit in a Principal Funding sub-Account on such date of determination for any Tranche of Card Series Notes, the amount
determined pursuant to the preceding proviso. 
 “Required Subordinated Amount of Class D Notes” means, for the Class
A(2006-14) Notes for any date of determination, an amount equal to the product of (a) the Required Subordinated Percentage of Class D Notes for such Class A(2006-14) Notes on such date of determination and (b) the Adjusted Outstanding
Dollar Principal Amount of such Class A(2006-14) 
  

 6 

 Notes on such date of determination; provided, however, that for any date of determination, unless
(i) the Prefunding Target Amount for any Tranche of Card Series Notes on such date of determination is greater than zero or (ii) any prefunded amounts are on deposit in a Principal Funding sub-Account on such date of determination for any
Tranche of Card Series Notes, the Required Subordinated Amount of Class D Notes for the Class A(2006-14) Notes will not be less than an amount equal to 1.2049% of the Initial Dollar Principal Amount of the Class A(2006-14) Notes, provided
further, however, that for any date of determination on or after the occurrence and during the continuation of a Class A(2006-14) Adverse Event, the Required Subordinated Amount of Class D Notes for the Class A(2006-14) Notes will be
the greatest of (x) the amount determined above for such date of determination, (y) the amount determined above for the date immediately prior to the date on which such Class A(2006-14) Adverse Event shall have occurred and (z) unless
(i) the Prefunding Target Amount for any Tranche of Card Series Notes on such date of determination is greater than zero or (ii) any prefunded amounts are on deposit in a Principal Funding sub-Account on such date of determination for any
Tranche of Card Series Notes, the amount determined pursuant to the preceding proviso. 
 “Required Subordinated Percentage of Class
B Notes” means, for the Class A(2006-14) Notes, 10.8434%, subject to adjustment in accordance with Section 2.02. 
 “Required Subordinated Percentage of Class C Notes” means, for the Class A(2006-14) Notes, 8.4338%, subject to adjustment in accordance with Section 2.02. 
 “Required Subordinated Percentage of Class D Notes” means, for the Class A(2006-14) Notes, 1.2049%, subject to adjustment in
accordance with Section 2.02. 
 “Stated Principal Amount” means $500,000,000. 
 “Telerate Page 3750” means the display page currently so designated on the Moneyline Telerate Service (or such other page as may replace
that page on that service for the purpose of displaying comparable rates or prices). 
 Section 1.02. Governing Law. THIS TERMS
DOCUMENT WILL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK, INCLUDING SECTION 5-1401 OF THE GENERAL OBLIGATION LAW, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF
THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 
 Section 1.03. Counterparts. This Terms Document may be
executed in any number of counterparts, each of which so executed will be deemed to be an original, but all such counterparts will together constitute but one and the same instrument. 
 Section 1.04. Ratification of Indenture, Asset Pool 1 Supplement and Indenture Supplement. As supplemented by this Terms Document, each of
the Indenture, the Asset Pool 1 Supplement and the Indenture Supplement is in all respects ratified and confirmed and the Indenture as so supplemented by the Asset Pool 1 Supplement as so supplemented by the Indenture Supplement as so supplemented
and this Terms Document shall be read, taken and construed as one and the same instrument. 
 [END OF ARTICLE I] 
  

 7 

 ARTICLE II 
 The Class A(2006-14) Notes 
 Section 2.01. Creation and Designation. There is hereby created a
tranche of Card Series Class A Notes to be issued pursuant to the Indenture, the Asset Pool 1 Supplement and the Indenture Supplement to be known as the “Card Series Class A(2006-14) Notes.” 
 Section 2.02. Adjustments to Required Subordinated Percentages. 
 (a) On any date, the Issuer may change the Required Subordinated Percentage of Class B Notes or the Required Subordinated Percentage of Class C Notes, in each case for the Class A(2006-14) Notes, without the consent
of any Noteholders or any Note Rating Agencies, provided that, after giving effect to such change, (x) the sum of the Required Subordinated Percentage of Class B Notes and the Required Subordinated Percentage of Class C Notes, in each
case, for the Class A(2006-14) Notes after giving effect to such change is equal to or greater than the sum of the Required Subordinated Percentage of Class B Notes and the Required Subordinated Percentage of Class C Notes, in each case, for the
Class A(2006-14) Notes immediately prior to giving effect to such change and (y) the Required Subordinated Amount of Class B Notes for the Class A(2006-14) Notes does not exceed the Maximum Subordinated Amount of Class B Notes. 
 (b) On any date, the Issuer may change the Required Subordinated Percentage of Class B Notes, the Required Subordinated Percentage of Class C Notes or
the Required Subordinated Percentage of Class D Notes, in each case for the Class A(2006-14) Notes, such that after giving effect to all changes to such percentages on such date the sum of the Required Subordinated Percentage of Class B Notes, the
Required Subordinated Percentage of Class C Notes and the Required Subordinated Amount of Class D Notes, in each case, for the Class A(2006-14) Notes after giving effect to such change is less than the sum of the Required Subordinated Percentage of
Class B Notes, the Required Subordinated Percentage of Class C Notes and the Required Subordinated Amount of Class D Notes, in each case, for the Class A(2006-14) Notes immediately prior to giving effect to such change, without the consent of any
Noteholders, provided that the Issuer has (i) received written confirmation from each Note Rating Agency that has rated any Outstanding Notes of the Card Series that the change in such percentage will not result in a Ratings Effect with respect
to any Outstanding Class A(2006-14) Notes and (ii) delivered to the Indenture Trustee and the Note Rating Agencies a Master Trust Tax Opinion for each Master Trust and an Issuer Tax Opinion. 
 Section 2.03. Interest Payment. 
 (a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2006-14) Notes shall be an amount equal to the product of (i)(A) a fraction, the numerator of which is the actual number of days in the related
Interest Period and the denominator of which is 360, times (B) the Note Interest Rate in effect with respect to such related Interest Period times (ii) the Outstanding Dollar Principal Amount of the Class A(2006-14) Notes
determined as of the Record Date preceding the related Distribution Date. Any interest on the Class A(2006-14) Notes will be calculated on the basis of the actual number of days in the related Interest Period and a 360-day year. 
  

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 (b) Pursuant to Section 3.03 of the Indenture Supplement, on each Distribution Date, the
Indenture Trustee shall deposit into the Class A(2006-14) Interest Funding sub-Account the portion of Card Series Finance Charge Amounts allocable to the Class A(2006-14) Notes. 
 Section 2.04. Calculation Agent; Determination of LIBOR . 
 (a) The Issuer hereby agrees that for so long as any Class A(2006-14) Notes are Outstanding, there shall at all times be an agent appointed to calculate LIBOR for each Interest Period (the “Calculation
Agent”). The Issuer hereby initially appoints the Indenture Trustee as the Calculation Agent for purposes of determining LIBOR for each Interest Period. The Calculation Agent may be removed by the Issuer at any time. If the Calculation
Agent is unable or unwilling to act as such or is removed by the Issuer, or if the Calculation Agent fails to determine LIBOR for an Interest Period, the Issuer shall promptly appoint a replacement Calculation Agent that does not control or is not
controlled by or under common control with the Issuer or its Affiliates. The Calculation Agent may not resign its duties, and the Issuer may not remove the Calculation Agent, without a successor having been duly appointed. 
 (b) On each LIBOR Determination Date, the Calculation Agent shall determine LIBOR on the basis of the rate for deposits in United States dollars for a
one-month period which appears on Telerate Page 3750 as of 11:00 a.m., London time, on such date. If such rate does not appear on Telerate Page 3750, the rate for that LIBOR Determination Date shall be determined on the basis of the rates at which
deposits in United States dollars are offered by the Reference Banks at approximately 11:00 a.m., London time, on that day to prime banks in the London interbank market for a one-month period. The Calculation Agent shall request the principal London
office of each of the Reference Banks to provide a quotation of its rate. If at least two such quotations are provided, the rate for that LIBOR Determination Date shall be the arithmetic mean of such quotations. If fewer than two quotations are
provided as requested, the rate for that LIBOR Determination Date will be the arithmetic mean of the rates quoted by four major banks in New York City, selected by the Beneficiary, at approximately 11:00 a.m., New York City time, on that day for
loans in United States dollars to leading European banks for a one-month period. 
 (c) The Note Interest Rate applicable to the then current
and the immediately preceding Interest Periods may be obtained by telephoning the Indenture Trustee at its corporate trust office at (212) 815-3247 or such other telephone number as shall be designated by the Indenture Trustee for such purpose
by prior written notice by the Indenture Trustee to each Noteholder from time to time. 
 (d) On each LIBOR Determination Date, the
Calculation Agent shall send to the Indenture Trustee, the Issuer, the Beneficiary and the Servicer, by facsimile transmission or electronic transmission, notification of LIBOR for the following Interest Period. 
  

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 Section 2.05. Payments of Interest and Principal. 
 (a) Any installment of interest or principal, if any, payable on any Class A(2006-14) Note which is punctually paid or duly provided for by the Issuer and
the Indenture Trustee on the applicable Interest Payment Date or Principal Payment Date shall be paid by the Paying Agent to the Person in whose name such Class A(2006-14) Note (or one or more Predecessor Notes) is registered on the Record Date, by
wire transfer of immediately available funds to such Person’s account as has been designated by written instructions received by the Paying Agent from such Person not later than the close of business on the third Business Day preceding the date
of payment or, if no such account has been so designated, by check mailed first-class, postage prepaid to such Person’s address as it appears on the Note Register on such Record Date, except that with respect to Notes registered on the Record
Date in the name of the nominee of Cede & Co., payment shall be made by wire transfer in immediately available funds to the account designated by such nominee. 
 (b) The right of the Class A(2006-14) Noteholders to receive payments from the Issuer will terminate on the first Business Day following the Class A(2006-14) Termination Date. 
 Section 2.06. Form of Delivery of Class A(2006-14) Notes; Depository; Denominations. 
 (a) The Class A(2006-14) Notes shall be delivered in the form of a global Registered Note as provided in Sections 202 and 301(i) of the
Indenture, respectively. 
 (b) The Depository for the Class A(2006-14) Notes shall be The Depository Trust Company, and the Class A(2006-14)
Notes shall initially be registered in the name of Cede & Co., its nominee. 
 (c) The Class A(2006-14) Notes will be issued in
minimum denominations of $100,000 and integral multiples of $1,000 in excess of that amount. 
 Section 2.07. Delivery and Payment
for the Class A(2006-14) Notes. The Issuer shall execute and deliver the Class A(2006-14) Notes to the Indenture Trustee for authentication, and the Indenture Trustee shall deliver the Class A(2006-14) Notes when authenticated, each in
accordance with Section 303 of the Indenture. 
 Section 2.08. Targeted Deposits to the Accumulation Reserve Account.

 The deposit targeted to be made to the Accumulation Reserve Account for any Monthly Period during the Accumulation Reserve Funding Period
will be an amount equal to the Required Accumulation Reserve sub-Account Amount. 
 Section 2.09. [Reserved] 
 [END OF ARTICLE II] 
  

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 IN WITNESS WHEREOF, the parties hereto have caused this Terms Document to be duly executed, all as of the
day and year first above written. 
  

			
	CAPITAL ONE MULTI-ASSET EXECUTION TRUST,
	 by DEUTSCHE BANK TRUST COMPANY
 DELAWARE, not in its individual capacity, but solely as
 Owner Trustee on behalf of the Trust

		
	By:	 	 /s/ Michele H. Y. Voon

	Name:	 	Michele H. Y.
	Title:	 	
	
	 THE BANK OF NEW YORK, as Indenture Trustee
 and not in its individual capacity

		
	By:	 	 /s/ AnnMarie Cassano

	Name:	 	AnnMarie Cassano
	Title:	 	Assistant Vice President

 [Signature Page to the Class A(2006-14) Terms Document]

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