Document:

exv10w47

Exhibit 10.47

CONFIDENTIAL
TREATMENT REQUESTED

CONFIDENTIAL PORTIONS OF THIS DOCUMENT HAVE BEEN REDACTED AND HAVE BEEN

SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION

ATHEROS TECHNOLOGY LTD.

VOLUME PURCHASE AGREEMENT

     This Volume Purchase Agreement (this “Agreement”) is made and entered into effective as of the
day of February 28, 2011, by and between Atheros Technology Ltd., a Bermuda corporation
(“Atheros”) and Aruba Networks, Inc., a Delaware corporation (“Buyer”).

     WHEREAS, Atheros desires to sell to Buyer, and Buyer desires to purchase from Atheros, certain
semiconductor products (“Components”), subject to the terms and conditions of this Agreement.

     NOW THEREFORE, in consideration of the mutual promises contained herein, it is hereby agreed
as follows:

1. Scope. This Agreement shall apply to sales of Components by Atheros to Buyer. Atheros and
Buyer may be referred to herein as “Party” when referred to individually and “Parties” when
referred to collectively.
“Components” refers only to hardware, chips and chipsets. Software, reference designs,
developer’s kits, and documentation, if any, have been separately licensed under the Atheros
Non-Exclusive Technology License Agreement (“Technology License Agreement”) mutually executed by
Atheros’ parent corporation, Atheros Communications, Inc., and
Buyer where Buyer is a licensee (“Licensee”) for Licensee’s use in integrating the Components as part of products developed by or
for Licensee (“Licensee Products”).

1.1 Customizations. Buyer may request that certain customizations, such as the inclusion of
certain macros, be made to the Components, which Atheros may choose to implement, subject to the
following:

     1.1.1 Process. If Buyer wishes Atheros to implement the customizations, Buyer and
Atheros shall in good faith prepare and execute a schedule, referencing this Agreement and
providing details on product pricing, non-recurring fees, customizations, and delivery schedule, at
a minimum.

     1.1.2 Conditions. Atheros may unilaterally reject any request for customization on
commercially reasonable grounds, including but not limited to: the customizations do not fit into
the architectural design and physical limits of the applicable Component; or Buyer’s current
and/or projected purchases of the subject Component are insufficient to justify the request for
customizations; or Atheros has slated the subject Component to become a Legacy Product (as defined
in Section 2.2) within such proximity of the request for customization as to render customization
not commercially reasonable.

1.2 Continuity of Supply. Atheros agrees to use commercially reasonable efforts to ship and
deliver Components and customizations thereto (for orders accepted pursuant to Section 1.1 and
Section 2, respectively) based on commercially reasonable lead times, from order to shipment, and
to manage a die bank in support thereof.

2. Orders

2.1 Orders and Acceptance. Buyer, directly or via ODMs, assemblers and other third parties
acting on Buyer’s behalf (all of which comprise “Authorized Purchasers”), may procure Components
from Seller pursuant to orders issued to and accepted by Atheros. Components purchased by ODMs,
assemblers and other third parties for the benefit of Buyer shall, once purchased, be deemed
Components under this Agreement. Buyer will have no obligation to purchase Components from Atheros,
and Atheros will have no obligation to sell Components to Buyer, except pursuant to orders accepted
by Atheros. To be accepted by Atheros, an order must set forth the type and quantity of the
Components to be purchased, the price, and the requested delivery dates, and may not otherwise be
in nonconformance with the terms of this Agreement. Orders shall be subject to written acceptance
by Atheros; any such acceptance may not be in nonconformance with the terms of this Agreement, and
delivery schedules shall be established in accordance with Component availability and Buyer’s
credit status. Atheros may accept orders from Buyer in Atheros’ sole discretion.

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2.2 Rescheduling and Cancellation. Atheros will promptly notify Buyer if any order or part of
an order cannot be filled or if there will be any delays in delivery. Atheros will use commercially
reasonable efforts to ship and deliver on indicated dates but will not be liable for failure to do
so. Alternatively, should Atheros find that the delivery date agreed on cannot be met,
Atheros shall notify Buyer in writing, stating the cause of the delay and an estimated delivery
date. Except with respect to Legacy Products (as defined in Section 2.3 below): For standard
Components, Buyer may reschedule orders accepted by Atheros and scheduled for delivery, subject to
the following limitations:

	 	 	 

	Days until Atheros
scheduled shipment of
an order

	 	Limits on order reschedules and cancellations
	 
	 	 
	61 — 90

	 	Rescheduling for a period of up to 120 days
later than the original scheduled ship date. Two
reschedules per order only. Rescheduled orders
may not be subsequently cancelled; OR
Cancellation of up to 30% of original order.
	 
	 	 
	60 or less

	 	No cancellations or reschedules.

For Components having any customization, Buyer may reschedule orders accepted by Atheros and
scheduled for delivery, subject to the following limitations:

	 	 	 

	Days until Atheros
scheduled shipment of
an order

	 	Limits on order reschedules and cancellations
	 
	 	 
	31-90

	 	No cancellations. Rescheduling for a period of
up to 60 days later than the original scheduled
ship date. One reschedule per order only.
	 
	 	 
	30 or less

	 	No cancellations or reschedules.

2.3 For Legacy Products. This Section 2.3 applies to Legacy Products only and, with respect to
Legacy Products, supersedes any contrary provisions of this Agreement. Legacy Products are defined
as any Atheros products in their last stage of product life cycle, as designated by Atheros in its
sole discretion. The work-in-process (WIP) of Legacy Products is therefore maintained at a low
level, and all Legacy Products are BUILT TO ORDER ONLY. Legacy Products shall be designated by
Atheros in its discretion and shall be identified as such by Atheros to Buyer from time to time in
writing. Lead-times for Legacy Products are 12-14 weeks after receipt of order (ARO) and terms are
NCNC (Non-cancellable, Non-changeable). Additional fees and costs associated with expedite requests
(i.e., through Fab or Assembly) will be added and passed to Buyer. If Buyer cancels an
order for Legacy Products, there will be an associated cancellation fee, as follows:

	 	Cancellation fees:
	 
	 	•	 	<60 days until scheduled shipment of an order: Buyer must pay PO in full
	 
	 	•	 	61-90 days until Atheros scheduled shipment of an order: Buyer must pay 75% of
purchase price
	 
	 	•	 	>90 days until scheduled shipment of an order: Buyer must pay 50% of purchase
price.

2.4 Precedence. This Agreement takes precedence over Buyer’s or Seller’s additional or
different terms and conditions which may be included on Buyer’s purchase order, Seller’s quotation
or purchase order acknowledgement, or otherwise, to which notice of objection is hereby given, and
any inconsistent or additional terms in such forms will be of no effect. Any changes
to this Agreement must be specifically agreed to in writing by Atheros and Buyer.

2.5 Obsolescence. If Atheros chooses to obsolete any Components, it shall give at least six (6)
months advance notice to Buyer. Buyer may place orders during the notification period for shipment
no later than twelve (12) months after the notice date.

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3. Delivery; Title

3.1 Delivery. Components will be delivered Ex Works (Incoterms 2000), Atheros’ designated
factory dock or distribution center dock. Buyer will pay all costs relating to transportation,
delivery, duties and insurance. Buyer will provide Atheros with shipping instructions on its order
and if it fails to do so, Atheros will determine the carrier and means of transportation and will
ship the Components freight collect. Buyer shall notify Atheros in writing of any shortage in any
shipment within thirty (30) days after Buyer’s receipt of such shipment. All shipments shall be
directed to a Buyer operated receiving location.

3.2 Risk of Loss. Risk of loss for the Components shall pass from Atheros to Buyer at the Atheros
shipping point, and Buyer will bear the risk of loss after the shipping point and will be solely
responsible for filing claims relating to any lost or damaged goods.

3.3 Title. For Components Delivered Outside of United States: Title to the Components shall
pass to Buyer as follows: Atheros reserves title in the Components until paid for in full by Buyer,
for the purpose of protecting Atheros’ right to receive payment under the laws of various
countries. This reservation of title does not affect Buyer’s ability to transfer title to the
Components in the ordinary course of its business, provided that Buyer hereby assigns in advance to
Atheros any proceeds from the disposition of such Components to the extent of the amount owed to
Atheros. For Components Delivered within the United States. Title to the Components shall pass from
Atheros to Buyer at the Atheros shipping point. Buyer hereby grants to Atheros a purchase money
security interest covering each shipment of Components made hereunder (and any proceeds derived
therefrom) in the amount of Atheros’ invoice for such shipment until payment in full is received by
Atheros. Buyer agrees to sign and execute any and all documents as required by Atheros to perfect
such security interest.

3.4 Exporter and Importer of Record. For International Shipments, Buyer or its properly
authorized agent or freight forwarder shall be the exporter of record. Buyer shall also be the
importer of record and is responsible for fulfilling quota terms, obtaining import licenses,
paying import license or permit fees, duties and customs fees, and any other governmental or import
taxes or fees, and preparing and submitting all required documentation in connection with importing
the Components.

4. Returns. No Components may be returned except under warranty or due to shipment error by
Atheros. All returns must be made in accordance with Atheros’ then-current Return Material
Authorization (“RMA”) procedures or such other procedures as are expressly agreed to in writing by
an authorized representative of Atheros (“Atheros RMA Procedures”). Atheros shall have no
responsibility or liability for returns not made in accordance with such Atheros RMA Procedures. A
summary of Atheros RMA Procedures as of the Effective Date is attached hereto as Exhibit A. Changes
to RMA Procedures shall take effect thirty (30) days after written notice and shall apply only to
orders placed after such notice period.

5. Prices; Payment; Taxes; Rebates

5.1 Prices. Pricing is stated in a written price quote from the designated Atheros Account
Manager (or a designated substitute) to Buyer. Atheros may change its prices at any time, although
such changes shall not alter accepted purchase orders. All prices are in U.S. dollars.

5.2 Payment. Provided that Buyer receives written approval of the extension of credit terms
from Atheros’ credit department, payment terms are net thirty(30) days from the date of invoice
unless otherwise specified in writing from Atheros. Buyer must give Atheros written notice of any
discrepancies among the purchase order, the invoice, and the Components received, within thirty
(30) days after receipt of the Components or the invoice, whichever occurs later. Payment is not
conditioned upon the Components meeting any acceptance testing procedures or criteria. If there is
any dispute as to a part of a shipment, Buyer will pay for the undisputed part of that shipment.
All payments to Atheros shall be in U.S. dollars, free of any restrictions or withholdings. In the
event that Buyer has a delinquent balance with Atheros, Atheros may require payment in advance by
wire transfer, confirmed irrevocable letter of credit, or such other means as are acceptable to
Atheros, with respect to any past, pending or subsequent purchase orders until the delinquent
balance is paid in full.

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5.3 Intentionally omitted.

5.4 Taxes. Buyer is responsible for payment of all taxes of every kind imposed in connection
with the sale to Buyer of Components or which Atheros may incur in respect of this Agreement
(except for taxes imposed on Atheros’ net income) and any penalties, interest and collection or
withholding costs associated with any of the foregoing items. All such amounts are in addition to
other amounts payable hereunder. Under no circumstances shall Buyer pay less to Atheros than would
otherwise be due if any such taxes or fees are required to be withheld by Buyer from payments to
Atheros. Buyer may provide Atheros with a tax exemption certificate acceptable to the taxing
authorities in lieu of paying certain taxes; however, Buyer shall reimburse Atheros for any fines,
penalties, taxes and other charges, including expenses incurred by Atheros, due to Buyer’s
submission of invalid information.

5.5 Rebates. If a rebate applies, the payment of any such rebate will be subject
to the following terms: (i) by the first day of each calendar month, Buyer shall submit to Atheros
a consumption report stating the number of Components purchased and received by Buyer from its
board supplier (or, if applicable, directly from Atheros) during the immediately preceding month,
together with supporting documentation acceptable to Atheros in its discretion; (ii) as soon as
practicable after the beginning of each calendar quarter, Buyer and Atheros will cooperate in
good faith to agree upon the rebate amount for the previous quarter, based on the above
monthly consumption reports and supporting documentation delivered by Buyer for such quarter, and
Buyer shall issue an invoice to Atheros for such agreed-upon rebate amount; (iii) if Buyer is a
direct customer of Atheros, Buyer must deliver to Atheros the above monthly information and a
mutually agreed-upon invoice for the rebate amount as provided above, no later than 180 days after
Atheros has delivered to Buyer the Components to which such rebate amount applies; (iv) if Buyer
has purchased Components from a board supplier, Buyer must deliver to Atheros the above monthly
information and a mutually agreed-upon invoice for the rebate amount as provided above, no later
than 180 days after the board supplier has delivered to Buyer the Components to which such rebate
amount applies; and (v) rebates are only payable with respect to Components for which Atheros has
received payment from Buyer or Buyer’s board supplier, as applicable.

6. Reservation of Rights; No License; Markings.

6.1 WWAN Reservation. Effective immediately as of the anticipated closing of the acquisition
of Atheros by Qualcomm Incorporated or its subsidiary, Buyer hereby acknowledges and agrees that
neither the delivery of any products or license grant for any software, under any Agreement or any
provision of any Agreement, nor the direct or indirect sale of products by Atheros to Buyer shall
be deemed or construed to grant either expressly, by implication, by way of estoppel, or otherwise
any right, license, covenant or immunity under any patents of Atheros or of any parent or any other
affiliate of Atheros, each to the extent applicable to Atheros products that are sold, or software
that is licensed, for use in any product which implements, in whole or in part, any WWAN Standard
(other than, with respect to patents of Atheros, products that are sold for use in any complete GSM
single-mode device that transmits and receives communications using GSM only, and does not transmit
or receive communications using any other WWAN Standard). For this purpose, (i) the term “WWAN
Standard” means any mandatory or optional portion of any wide area wireless air interface standard,
including, without limitation, GSM, CDMA, TD-SCDMA, Universal Mobile Telecommunications Standard
(UMTS), Wideband Code Division Multiple Access (WCDMA), HSPA, HSDPA, HSUPA, HSPA+, WiMax, IEEE
802.16 (including 802.16e and 802. 16m), WiBro, IEEE 802.20, UMB (formerly known as lxEVDO Rev. C),
Long Term Evolution (LTE) and any updates and revisions to any of the foregoing, and (ii) the term
“GSM” means any one or more of the following wide area wireless air interface standards: (a) Global
System for Mobile Communication (GSM), (b) General Packet Radio Services (GPRS), or (c) Enhanced
Data Rates for GSM Evolution (EDGE). Any rights not expressly granted to Buyer herein are hereby
reserved by Atheros, and Buyer hereby acknowledges and agrees that this disclaimer of patent rights
shall not be deemed to be a derogation of any express rights that have otherwise been granted by
Atheros in any Agreement.

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6.2 Reverse Engineering. Buyer acknowledges and agrees that the sale to Buyer of the
Components does not convey any license expressly or by implication, to, and Buyer shall not,
manufacture, reverse engineer, duplicate, or otherwise reproduce any of the Components or any part
thereof. Buyer will not remove, alter or obfuscate any patent markings on the Components or
otherwise cause any patent on the Components to become ineffective under applicable patent laws.
Buyer shall place in a conspicuous location on each and every Licensee Product sold by it or
documentation shipped there with, a legally sufficient patent notice. Each Party shall be fully
responsible for any false patent markings. Atheros will advise Buyer of the patent number or
numbers and the applicable notice, and each Party shall fully indemnify and hold harmless the other
Party from and against any and all liability arising from displaying, or failing to display, the
foregoing.

7. No Support or Other Services. Buyer acknowledges that no installation, training, education,
or any other support or other services are contracted for or purchased hereunder unless
specifically agreed to in writing by Atheros. If Atheros offers or gives technical advice or
performs any training in connection with the use of any Components, such advice or training will be
provided only as an accommodation to Buyer, and Atheros has no responsibilities whatsoever for the
content or use of such advice or for any damages that may result from the use, support,
maintenance, servicing or alteration of the Components by an Atheros representative.

8. Limited Warranty

8.1 Component Warranty. Atheros warrants that the Components will substantially
conform to the features specified in its then-current datasheet, as it may be amended by Atheros
from time to time, for a period of ninety (90) days from the date of shipment. Atheros warrants
that all Components sold by Atheros to Buyer under the terms of this Agreement will be free from
defects in workmanship and materials under normal use and service for one (1) year from the date
of shipment by Atheros. If a Component does not operate as warranted during the applicable warranty
period, and provided that Buyer notifies Atheros promptly within the warranty period and complies
with the Atheros RMA Procedures, Atheros shall, in its sole discretion (a) deliver to Buyer an
equivalent Component to replace such defective Component at its expense or (b) if replacement is
not feasible, refund or issue a credit to Buyer (at Atheros’ sole discretion) in the amount of the
purchase price paid for the defective Component. Replacement Components are warranted for ninety
(90) days or the balance of the original warranty period, whichever is longer.

8.2 Warranties Exclusive.

8.2.1 Sole Remedy. BUYER’S SOLE REMEDY FOR BREACH OF THE EXPRESS WARRANTY ABOVE
SHALL BE REPLACEMENT OR REFUND OR CREDIT (AT ATHEROS’ SOLE DISCRETION) OF THE PURCHASE PRICE AS
SPECIFIED ABOVE, AT ATHEROS’ OPTION. TO THE FULLEST EXTENT ALLOWED BY LAW, THE WARRANTY AND
REMEDIES SET FORTH IN THIS AGREEMENT ARE EXCLUSIVE AND IN LIEU OF ALL OTHER WARRANTIES OR
CONDITIONS, EXPRESS OR IMPLIED, EITHER IN FACT OR BY OPERATION OF LAW, STATUTORY OR OTHERWISE,
INCLUDING BUT NOT LIMITED TO WARRANTIES, TERMS OR CONDITIONS OF MERCHANTABILITY, FITNESS FOR A
PARTICULAR PURPOSE, SATISFACTORY QUALITY, CORRESPONDENCE WITH DESCRIPTION, NON-INFRINGEMENT, AND
ACCURACY OF INFORMATION GENERATED, ALL OF WHICH ARE EXPRESSLY DISCLAIMED. ATHEROS’ WARRANTIES
HEREIN RUN ONLY TO BUYER AND ARE NOT EXTENDED TO ANY THIRD PARTIES, WHICH FOR THE AVOIDANCE OF
DOUBT, INCLUDES ANY AGENTS OR RESELLERS OF LICENSEE PRODUCTS OR END USERS. ATHEROS NEITHER
ASSUMES NOR AUTHORIZES ANY OTHER PERSON TO ASSUME FOR IT ANY OTHER LIABILITY IN CONNECTION WITH THE
SALE, INSTALLATION, MAINTENANCE OR USE OF THE COMPONENTS.

8.2.2 No Atheros Defect. ATHEROS SHALL NOT BE LIABLE UNDER THIS
WARRANTY IF ITS TESTING AND EXAMINATION DISCLOSE THAT THE ALLEGED DEFECT IN THE COMPONENT DOES NOT
EXIST OR WAS CAUSED BY BUYER’S, END USER’S OR ANY THIRD PERSON’S MISUSE, NEGLIGENCE, IMPROPER
INSTALLATION OR IMPROPER TESTING, ATTEMPTS TO REPAIR OR USE BEYOND THE RANGE OF THE INTENDED USE,
OR BY ACCIDENT, FIRE, LIGHTNING OR OTHER HAZARD OR ANY OTHER CAUSE BEYOND ATHEROS’ CONTROL.

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8.3 Buyer Responsibilities. Buyer acknowledges and agrees that Buyer is solely responsible for
the selection of the Components, their ability to achieve the results Buyer intends, their use with
any hardware, software, peripherals or any system, and the performance that Buyer, Buyer’s
customers and end users obtain from using them. Buyer alone shall assume any and all warranty
obligations with customers and end users for each Licensee Product that incorporates the Components, and Buyer has no authority to obligate Atheros in any way under each such warranty.

9. Intellectual Property Indemnity

[***]

	***	 	Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission.
Confidential treatment has been requested with respect to the omitted portions.

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10. Limitation of Liability

10.1 [***]

10.2 [***]

10.3 Special Applications. The Components are not designed and are not warranted to be
suitable for use in applications involving the risk of personal injury or death or the destruction
of property (“Special Applications”). Use of any Atheros product in a Special Application without
the express written approval of Atheros is prohibited and ATHEROS SHALL NOT BE LIABLE FOR ANY
DAMAGES ASSOCIATED WITH SUCH RISKS. Buyer assumes any and all liability for any damages resulting
from use of the Components in Special Applications and shall indemnify, defend, and hold Atheros
harmless from any third-party claims arising from such use

11. Export Compliance. If subject to U.S. export law jurisdiction, Buyer agrees not to
re-export, either directly or indirectly, the Components or technical data without first obtaining
any required license or other approval from the U.S. Department of Commerce or any other agency or
department of the United States government. If Buyer re-exports any Components or
technical data, Buyer shall ensure that the re-export or import of the Components and technical
data is in compliance with all laws, regulations, orders or other restrictions of the United States
and the appropriate foreign government. Atheros may require Buyer to execute a Letter of Assurance
on an annual basis or more frequently when required and may require details on the end user or end
use application when necessary in order to comply with any applicable U.S. export license
requirements. Buyer agrees not to include any discriminatory statements or requirements in
contracts or other documents related to the sale or use of the Components or products that include
the Components.

12. General

12.1 Force Majeure. Neither Party shall be liable to the other Party for any alleged loss or
damages resulting from delays in performance (including loss or damages resulting from delivery of
the Components being delayed) resulting from acts of the other Party, acts of civil or military
authority, governmental priorities, earthquake, fire, flood, epidemic, quarantine, energy crisis,
unavailability of supplies, strike, , labor trouble, war, riot, accident, shortage, or any other
causes beyond Atheros’ reasonable control.

12.2 Entire Agreement. This Agreement is the complete, final and exclusive statement of the
terms of the agreement between the Parties, and supersedes all prior understandings, writings,
proposals, representations or communications, oral or written, relating to the subject matter
hereof, but does not supersede the Technology License Agreement or any nondisclosure agreements
between the parties.

	***	 	Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission.
Confidential treatment has been requested with respect to the omitted portions.

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12.3 Notices. Notices shall be given in writing by personal delivery, recognized overnight
courier, or facsimile provided that a confirmation of receipt is obtained. All notices shall be
deemed to have been given and received on the earlier of actual delivery (except that faxes sent on
a non-business day will be deemed received on the next business day) or three (3) days from the
date of deposit with overnight courier, to the address set forth below, or to such other address as
a Party has notified the other Party in writing.

If to Atheros:

c/o Atheros Technology (Macau Commercial Offshore) Limited

Alameda Dr. Carlos D’Assumpcao 181-187, 
Centro Comercial do
Grupo Brilhantismo,

17 Andar W

MACAU

Fax: + 853 750 674

Telephone: + 853 750 670

With a copy to:

Atheros Communications,
Inc. 
Attention: Legal
Department 
1700 Technology
Drive 
San Jose, CA 95110

USA

Fax: +1-408-773-9909

Telephone: + 1-408-773-5200

If to Buyer:

Aruba Networks, Inc.

Attn: Vice President of Operations

1344 Crossman Ave.

Sunnyvale, CA 94089

Fax: + 1.408.752.0626

With a copy to:

Aruba Networks, Inc.

Attn: General Counsel

1344 Crossman Ave.

Sunnyvale, CA 94089

Fax: + 1.408.752.0626

12.4 Assignment. Buyer shall not assign its purchase orders, this Agreement or any interest in
or any rights hereunder without the prior written consent of Atheros.

12.5 Waiver. A waiver of any default hereunder or of any of the terms and conditions of this
Agreement shall not be deemed to be a continuing waiver or a waiver of any other default or of any
other term or condition, but shall apply solely to the instance to which such waiver is directed. .

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12.6 Arbitration. All disputes, claims, and controversies between the Parties arising out of
or related to this Agreement or the breach hereof (except for breach of any obligation of
confidentiality; infringement, misappropriation, or misuse of any intellectual property right, or
any other claim where interim relief from the court is sought to prevent serious and irreparable
injury to one of the Parties or to others) that cannot be resolved by the Parties within a period
of thirty (30) days after written notice of a dispute has been given by one Party hereunder to the
other (the last day of such thirty (30) day period being herein referred to as the “Arbitration
Date”), shall be settled by arbitration by an arbitrator with substantial experience in resolving
complex commercial contract disputes, who shall be chosen from a list of JAMS arbitrators. The
arbitration shall be conducted by one arbitrator appointed pursuant to the applicable procedures of
JAMS and conducted under the then-current Commercial Arbitration Rules of the American Arbitration
Association. The arbitrator shall issue an award in support of his or her decision within 120 days
of the selection of the arbitrator, stating the legal and factual basis for the decision and the
reasoning leading to such decision. The arbitrator shall be prohibited from awarding damages or
remedies in excess of those allowed by the provisions of this Agreement. If the Parties cannot
agree upon the identity of an arbitrator within fifteen (15) days following either Party’s receipt
of notice that an arbitration has been commenced by the other Party, then an arbitrator shall be
selected on an expedited basis in accordance with the Arbitration Rules and Procedures of JAMS. Any
arbitrator so selected shall have substantial experience in the networking and wireless
communication circuitry industries. The arbitrator shall have the authority to grant specific
performance and shall allocate between the Parties the costs of arbitration (including service
fees, arbitrator fees and all other fees related to the arbitration) in such equitable manner as
the arbitrator may determine. The substantially prevailing Party in the arbitration, as shall be
determined by the arbitrator, shall be entitled to receive reimbursement of its reasonable expenses
(including reasonable attorneys’ fees, expert witness fees and all other expenses) incurred in
connection therewith. The decision and award of the arbitrator shall be final and binding and
judgment on the award so rendered may be entered in any court having
jurisdiction thereof. The arbitration shall be held in Santa Clara County, California, and the award shall be deemed to be
made in California. Except as may be determined otherwise by the arbitrator, each Party shall bear
its own costs and expenses, including attorney’s fees, witness fees, travel expenses, and
preparation costs. Notwithstanding the foregoing, each Party shall have the right to institute an
action in a court of proper jurisdiction for preliminary injunctive relief pending a final decision
by the arbitrator, provided that a permanent injunction and damages shall only be awarded by the
arbitrator.

12.7 Governing Law and Venue. THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND ALL
DISPUTES HEREUNDER SHALL BE GOVERNED BY, THE LAWS OF THE STATE OF CALIFORNIA, USA, IRRESPECTIVE OF
ANY PRINCIPLES OR RULES OF CONFLICT OF LAWS. Subject to the Arbitration provision above, the
Superior Court of Santa Clara County and/or the United States District Court for the Northern
District of California shall have exclusive jurisdiction and venue over all controversies in
connection herewith. The United Nations Convention on Contracts for
the International Sale of Goods
is hereby excluded in its entirety from application to this Agreement.

12.8 Choice of Language. The original of this Agreement is in English and Buyer waives any
right to have it written in any other language.

12.9 Survival. The following provisions shall survive the termination of this Agreement or the
relationship between Atheros and Buyer: Articles: 3.3 Title, 3.4 Exporter and Importer of Record;
4. Returns; 5. Prices; Payment; Taxes, 6. Reservation of Rights; No License; Markings, 8. Limited
Warranty, 9. Intellectual Property Indemnity, 10. Limitation of Liability, 11. Export Compliance
and 12. General.

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BY SIGNING BELOW, THE PARTIES ACKNOWLEDGE THAT EACH HAS READ THE AGREEMENT, UNDERSTANDS IT, AND
AGREES TO BE BOUND BY ITS TERMS AND CONDITIONS.

	 	 	 	 	 	 	 	 	 	 	 

	Atheros:

	 	 	 	Buyer:	 	 
	ATHEROS TECHNOLOGY LTD.

	 	 	 	ARUBA NETWORKS, INC.
	By

	 	/s/ James A. F. Watlington
 

Name James A. F. Watlington
	 	 
	 	By
	 	/s/ Alexa King
 

Name Alexa King
	 	 
	 

	 	Title SECRETARY
	 	 	 	 	 	Title General Counsel	 	 
	 

	 	Date 14th March 2011
	 	 	 	 	 	Date 3/14/2011	 	 

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Exhibit A

	1.0	 	PURPOSE / SCOPE:

	 	1.1	 	This procedure establishes the policy and methodology regarding to the return of Atheros
products from customers or distributors. This is a summary of the RMA process, for more
details please refer to OPQ-0180-1.
	 
	 	1.2	 	This procedure includes RMA returns from customers or distributors for product
performance issues or administrative issues.

	2.0	 	Terms and Conditions

	 	2.1	 	All products returned to Atheros require a RMA number issued by Inside Sales.
	 
	 	2.2	 	The products returned for RMA must be protected from physical and electrical (ESD) damage
through the use of appropriate packaging materials.
	 
	 	2.3	 	RMA package must include returned products, completed Return Material Authorization Form
and shipping documents to provide the following information or they will be subject to return
to the sender or delays in response:
	 
	 	2.4	 	Administrative product returns must be received within 30 days starting from the RMA
issue date or they will expire. Products received after the expiration date may be returned
to the customer at the discretion of Atheros management.
	 
	 	2.5	 	Non-conforming product returns will be limited to 5 units pending verification unless
verification can be accomplished in the field. Additional RMA numbers will be issued after
verification for quantities that exceed 5 units.
	 
	 	2.6	 	Returned product that requires failure analysis or that is non-conforming and requires
verification must be returned within 15 days starting from issue date or the RMA will expire.
Product received after expiration date may be returned to the customer at the discretions of
Director of QA and VP of Sales.
	 
	 	2.7	 	Credit will be issued to customer returning products for administrative reason after
incoming inspection criteria are met and the RMA is closed.
	 
	 	2.8	 	Credit will not be issued to customers returning non-conforming product samples for the
purpose of verification. In general, credit will not be issued for quantities less than 10
units.
	 
	 	2.9	 	In special cases, VP of Sales may approve a product return for other than
non-conformance, order entry error or stock rotation.

	3.0	 	RMA Category
	 
	 	 	RMA database includes three major categories: a) administrative, b) non-conforming, and c)
recall. Descriptions of sub-categories within each major category are listed low:

	 	3.1	 	Recall:

	 	•	 	Shipping Recall: Based on the relevant FA results, Production Control
evaluates the shipping history of specific lots or products and provides recall
notification to customers.
	 
	 	•	 	Place On-hold: Production Control places the specific lots or
products on-hold and proceeds with MRB process.

	3.2	 	Administrative:

	 	•	 	Order Entry Error
	 
	 	•	 	Stock Rotation: Requested by an authorized distributor based on established
terms and conditions.
	 
	 	•	 	Other: Return based on special circumstances. VP of Marketing must approve
this type of RMA

11

 

	3.3	 	Non-conformance:

	 	•	 	Electrical: Parts fail functionally according to specifications.
	 
	 	•	 	Visual/Mechanical: Parts fail visual/mechanical criteria.
	 
	 	•	 	Failure Analysis: Customer requires a failure analysis report and may also
require corrective / preventive actions.

	3.4	 	RMA Responsibility

	 	3.4.1	 	Quality Assurance is responsible for:

	 	•	 	Collecting information on RMA, evaluating data, performing
failure analysis as needed and identifying the root cause in order to drive the
corrective actions for improvements.
	 
	 	•	 	Working closely with other departments to implement corrective
actions as indicated.
	 
	 	•	 	Entering initial data into RMA system, delivering final report to
customer and closing RMA as appropriate in a timely manner.
	 
	 	•	 	Initiate recall RMA request and close it in the system once the
returned inventory meet the inspection criteria.
	 
	 	•	 	Providing the status reports to assess RMA system, product issues
and customer support to Atheros management team.

	 	3.4.2	 	Inside Sales is responsible for evaluating RMA due to order entry errors and
establishing corrective actions.
	 
	 	3.4.3	 	Inside Sales is responsible assignment of RMA number to all RMA returns.
	 
	 	3.4.4	 	System / Product Engineering are responsible for verifying customer
reported failure mode(s) on non-conforming RMA units.

12Exhibit 10.37

EXHIBIT 10.37

BRADY CORPORATION

PERFORMANCE STOCK OPTION

Upon management’s recommendation, the Compensation Committee (the “Committee”) of the Brady
Corporation Board of Directors has awarded to                                          (“Employee”) a non-qualified performance
stock option (the “Option”) effective
                     X, 20XX, pursuant to the terms of the Brady
Corporation 2010 Omnibus Incentive Stock Plan (the “Plan”).

	1.	 	Number of Shares Optioned; Option Price

The Corporation grants to the Employee the right and option to purchase, on the terms and
conditions hereof, all or any part of an aggregate of XXXX (X,XXX) shares of the presently
authorized Class A Common Stock of the Corporation (the “Option Shares”), $.01 par value,
whether unissued or issued and reacquired by the Corporation, at the price of $XX.XX per
share (the “Option Price”). Vesting of the Option Shares shall be based upon the Company’s
annual year-over-year growth in earnings per share (“EPS”) for fiscal 2012, 2013 and 2014.
For this purpose EPS shall be determined using the Corporation’s diluted earnings per share
for its Class A common stock.

	2.	 	Conditions of Exercise of Options During Employee’s Lifetime; Vesting of Option

Except as provided in this paragraph and in paragraph 3, this Option may not be exercised
(a) unless Employee is, at the date of the exercise, in the employ of the Corporation or a
Subsidiary, and (b) the performance conditions provided below have been met; provided,
however, that in no event shall this Option be exercisable for any shares after the
expiration date provided in paragraph 7.

Vesting of the Option Shares shall be determined as follows, with the vesting date in each
situation being the date the Audit Committee accepts the results of the fiscal year audit.

Year 1 (2012 Option Shares)

Quantity: 1/3 of Option Shares (the “2012 Option Shares”)

Performance Criteria: The 2012 Option Shares will vest if the EPS for fiscal 2012 exceed
the EPS for fiscal 2011 by 15% or more. If the 2012 Option Shares do not become vested
because the EPS for 2012 does not exceed the EPS for 2011 by at least 15%, the 2012 Option
Shares will become vested if the Compound Annual Growth Rate (“CAGR”) of the Corporation’s
EPS since fiscal year 2011, for fiscal 2013 or fiscal 2014 is 15% or more.

 

 

 

Year 2 (2013 Option Shares)

Quantity: 1/3 of Option Shares (the “2013 Option Shares”)

Performance Criteria: The 2013 Option Shares will vest if the EPS for fiscal 2013 exceed
the EPS for fiscal 2012 by 15% or more. If the 2013 Option Shares do not become vested
because the EPS for 2013 do not exceed the EPS for 2012 by at least 15%, the 2013 Option
Shares will become vested if the CAGR for 2013 or 2014 as compared to the base year of 2011
is 15% or more.

Year 3 (2014 Option Shares)

Quantity: 1/3 of Option Shares (the “2014 Option Shares”)

Performance Criteria: The 2014 Option Shares will vest if the EPS for fiscal 2014 exceed
the EPS for fiscal 2013 by 15% or more. If the 2014 Option Shares do not become vested
because the EPS for 2014 do not exceed the EPS for 2013 by at least 15%, the 2014 Option
Shares will become vested if the CAGR for 2014 as compared to the base year of 2011 is 15%
or more.

For example in the event of the following distributions the Option Shares would vest:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	YOY EPS Growth	 	 	CAGR	 	 	1st Vesting Opportunity	 	 	2nd Vesting Opportunity	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Year 1:
	 	 	10	%	 	 	 	 	 	No	 	Yes (after year three)	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Year 2:
	 	 	16	%	 	 	13	%	 	Yes	 	 	N/A	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Year 3:
	 	 	30	%	 	 	18	%	 	Yes	 	 	N/A	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	YOY EPS Growth	 	 	CAGR	 	 	1st Vesting Opportunity	 	 	2nd Vesting Opportunity	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Year 1:
	 	 	30	%	 	 	 	 	 	Yes	 	 	N/A	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Year 2:
	 	 	15	%	 	 	22	%	 	Yes	 	 	N/A	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Year 3:
	 	 	3	%	 	 	15	%	 	No	 	Yes	 

If Employee shall cease to be employed by the Corporation or a Subsidiary for any reason
other than as provided in paragraph 3, Employee may, at any time within 90 days of such
termination, but in no event later than the date of expiration of this Option, exercise this
Option to the extent Employee was entitled to do so on the date of such termination.
However, if Employee was dismissed for cause, of which the Compensation Committee of the
Board of Directors of the Corporation shall be the sole judge, this Option shall forthwith
expire. This Agreement does not confer upon Employee any right of continuation of
employment by the Corporation or a Subsidiary, nor does it impair any right the Corporation
or any Subsidiary may have to terminate the Employee’s employment at any time.

 

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	3.	 	Termination of Employment

Notwithstanding the provisions of paragraph 2 hereof, other than in the event of a termination
for cause, if the Employee:

	 	(a)	 	is terminated by the death of the Employee, any unexercised, unexpired Stock
Options granted hereunder to the Employee shall be 100% vested and fully exercisable,
in whole or in part, at any time within one year after the date of death, by the
Employee’s personal representative or by the person to whom the Stock Options are
transferred under the Employee’s last will and testament or the applicable laws of
descent and distribution;

	 
	 	(b)	 	dies within 90 days after termination of employment by the Corporation or its
Affiliates, other than for cause, any unexercised, unexpired Stock Options granted
hereunder to the Employee and exercisable as of the date of such termination of
employment shall be exercisable, in whole or in part, at any time within one year after
the date of death, by the Employee’s personal representative or by the person to whom
the Stock Options are transferred under the Employee’s last will and testament or the
applicable laws of descent and distribution;

	 
	 	(c)	 	is terminated as a result of the disability of the Employee (a disability means
that the Employee is disabled as a result of sickness or injury, such that he or she is
unable to satisfactorily perform the material duties of Employee’s job, as determined
by the Board of Directors, on the basis of medical evidence satisfactory to it), any
unexercised, unexpired Stock Options granted hereunder to the Employee shall become
100% vested and fully exercisable, in whole or in part, at any time within one year
after the date of disability;

	 
	 	(d)	 	is terminated as a result of the Employee’s retirement (after age 55 with ten
years of employment with the Corporation or a Subsidiary or after age 65), any
unexercised, unexpired Stock Options granted hereunder to the Employee shall continue
to vest as provided in paragraph 2 hereof and any option that is or becomes vested may
be exercised in whole or in part prior to the expiration date of such option.

	4.	 	Deferral of Exercise

Although the Corporation intends to exert its best efforts so that the shares purchasable
upon the exercise of this Option will be registered under, or exempt from, the registration
requirements of, the Securities Act of 1933 (the “Act”) and any applicable state securities
law at the time or times this Option (or any portion of this Option) first becomes
exercisable, if the exercise of this Option would otherwise result in a violation by the
Corporation of any provision of the Act or of any state securities law, the Corporation may
require that such exercise be deferred until the Corporation has taken appropriate action to
avoid any such violation.

 

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	5.	 	Method of Exercising Option

This Option shall be exercised by delivering to the Corporation, at the office of its
Treasurer, a written notice of the number of shares with respect to which this Option is at
the time being exercised and by paying the Corporation in full the Option Price of the
 shares being acquired at the time.

	6.	 	Method of Payment

Payment shall be made either (i) in cash; (ii) by delivering shares of the Corporation’s
Class A Common Stock which have been beneficially owned by the Employee, the spouse of the
Employee, or both of them, for a period of at least six months prior to the time of exercise
(“Delivered Stock”); (iii) by surrendering to the Corporation shares of Class A Common Stock
otherwise receivable upon exercise of the Option (a “Net Exercise”); or (iv) any combination
of the foregoing. Payment in the form of Delivered Stock shall be in the amount of the Fair
Market Value of the stock at the date of exercise, determined in accordance with paragraph
9.

	7.	 	Expiration Date

This Option shall expire ten years after the date on which this Option was granted.

	8.	 	Withholding Taxes

The Corporation may require, as a condition to the exercise of this Option, that the
Employee concurrently pay to the Corporation any taxes which the Corporation is required to
withhold by reason of such exercise. In lieu of part or all of any such payment, the
Employee may elect, subject to such rules and regulations as the Committee may adopt from
time to time, to have the Corporation withhold from the shares to be issued upon exercise
that number of shares having a Fair Market Value, determined in accordance with paragraph 9,
equal to the amount which the Corporation is required to withhold.

	9.	 	Method of Valuation of Stock

The “Fair Market Value” of the Class A Common Stock of the Corporation on any date shall
mean, if the stock is then listed and traded on a registered national securities exchange,
or is quoted in the NASDAQ National Market System, the average of the high and low sales
price recorded in composite transactions for such date (rounding up to the nearest cent) or,
if such date is not a business day or if no sales of shares shall have been reported with
respect to such date, the next preceding business date with respect to which sales were
reported. In the absence of reported sales or if the stock is not so listed or quoted, but
is traded in the over-the-counter market, Fair Market Value shall be the average of the
closing bid and asked prices for such shares on the relevant date (rounding up to the
nearest cent.

 

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	10.	 	No Rights in Shares Until Certificates Issued

Neither the Employee nor his heirs nor his personal representative shall have any of the
rights or privileges of a stockholder of the Corporation in respect of any of the shares
issuable upon the exercise of the Option herein granted, unless and until certificates
representing such shares shall have been issued or shares in book entry form shall have been
recorded in the records of the Corporation’s transfer agent.

	11.	 	Option Not Transferable

No portion of the Option granted hereunder shall be transferable or assignable (or made
subject to any pledge, lien, obligation or liability of an Employee) except (a) by last will
and testament or the laws of descent and distribution (and upon a transfer or assignment
pursuant to an Employee’s last will and testament or the laws of descent and distribution,
any Option must be transferred in accordance therewith); (b) during the Employee’s lifetime,
nonqualified stock Options may be transferred by an Employee to the Employee’s spouse,
children or grandchildren or to a trust for the benefit of such spouse, children or
grandchildren, provided that the terms of any such transfer prohibit the resale of shares
acquired upon exercise of the option at a time during which the transferor would not be
permitted to sell such shares under the Corporation’s policy on trading by insiders and are
subject to the provisions of paragraph 9.

	12.	 	Prohibition Against Pledge, Attachment, Etc.

Except as otherwise herein provided, the Option herein granted and the rights and privileges
pertaining thereto shall not be transferred, assigned, pledged or hypothecated in any way
(whether by operation of law or otherwise) and shall not be subject to execution, attachment
or similar process.

	13.	 	Changes in Stock

In the event there are any changes in the Class A Common Stock of the Corporation through
merger, consolidation, reorganization, recapitalization, stock dividend, stock split,
combination or exchange of shares, rights offering or any other change affecting the Class A
Common Stock of the Corporation, appropriate changes will be made by the Compensation
Committee in the aggregate number of shares and the purchase price and kind of shares
subject to this Option, to prevent substantial dilution or enlargement of the rights granted
to or available for Employee.

	14.	 	Dissolution or Merger

Anything contained herein to the contrary notwithstanding upon the dissolution or
liquidation of the Corporation, or upon any merger in which the Corporation is not the
surviving corporation, at any time prior to the expiration date of the termination of this
Option, the Employee shall have the right within sixty (60) days prior to the effective date
of such dissolution, liquidation or merger, to surrender all or any unexercised portion of
this Option to the Corporation for cash, subject to the discretion of the Compensation
Committee as to the exact timing of said surrender. Notwithstanding the foregoing, however,
in the event

 

-5-

 

Employee
has retired or died, Employee’s right to surrender all or any unexercised portion of this Option under this paragraph shall be available only to the
extent at the time of any such surrender, Employee would have been entitled to exercise this
Option under paragraphs 2 or 3 hereof, as the case may be. The amount of cash to be paid to
Employee for the portion of this Option so surrendered, shall be equal to the number of
 shares of Class A Common Stock subject to the surrendered Option multiplied by the
difference between the Option Price per share, as described in paragraph 1 hereof, and the
Fair Market Value per share, determined in accordance with paragraph 9 hereof, as of the
time of surrender.

	15.	 	Notices

Any notice to be given to the Corporation under the terms of this Agreement shall be
addressed to the Corporation in care of its Chief Financial Officer, and any notice to be
given to the Employee may be addressed at the address as it appears on the Corporation’s
records, or at such other address as either party may hereafter designate in writing to the
other. Except as provided in paragraph 5 hereof, any such notice shall be deemed to have
been duly given, if and when enclosed in a properly sealed envelope addressed as aforesaid,
and deposited, postage prepaid, in the United States mail.

	16.	 	Provisions of Plan and Corporate Records Controlling

This Option is subject in all respects to the provisions of the Plan. In the event of any
conflict between any provisions of this Option and the provisions of the Plan, the
provisions of the Plan shall control, except to the extent that the Plan permits the
Committee to modify the terms of an Option grant and has done so herein. Terms defined in
the Plan where used herein shall have the meanings as so defined. Employee acknowledges
receipt of a copy of the Plan. The Corporation’s records shall be the official record of
the Option grant described herein and , in the event of any conflict between this
description and the Corporation’s records, the Corporation’s records shall control.

	17.	 	Wisconsin Contract

This Option has been granted in Wisconsin and shall be construed under the laws of that
state.

 

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