Exhibit 10.12
Execution Version
Certain portions of this Exhibit were redacted pursuant to Item 601(b)(10)(iv) of Regulation S-K
Research and Development Cooperating Agreement for Existing Products
This Research and Development Cooperating Agreement (this “Agreement”) is made and entered into on November 30, 2023 by and between AVIAT NETWORKS, INC., having its principal place of business at 200 Parker Dr, Suite C100a Austin, TX 78728, United States acting on its behalf and on behalf of the Aviat Networks Group Affiliates (hereinafter called “AVIAT”) and NEC Corporation, having its principal place of business at 7-1, Shiba 5-chome, Minato-ku, Tokyo 108-8001, Japan (hereinafter called “NEC”).
WITNESSETH:
WHEREAS, NEC and AVIAT have entered into a master sale of business agreement on May 9, 2023, pursuant to which NEC has agreed to sell, and AVIAT has agreed to purchase, all right, title and interest to certain assets relating to NEC’s wireless backhaul business, and AVIAT has agreed to assume certain liabilities relating to NEC’s wireless backhaul business, subject to the terms of such master sale of business agreement (the “MSBA”).
WHEREAS, pursuant to the MSBA, NEC is willing to provide to AVIAT, and AVIAT is willing to receive from NEC certain services relating to the development work to maintain existing products of the business as hereinafter set forth.
NOW, THEREFORE, in consideration of the foregoing and other good and valuable consideration, as well as the covenants and understandings hereinafter set forth, the receipt and adequacy of which are hereby acknowledged, the parties hereto hereby agree as follows:
SECTION 1 DEFINITIONS
In addition to the words and the terms elsewhere defined in this Agreement, the following words and terms as used in this Agreement shall have the following meanings unless some other meaning is apparent in the context in which the words and terms are used.
(1) | “Completion” means completion of the sale and purchase of certain assets as contemplated under and in accordance with the MSBA; |
(2) | “Completion Date” means the date on which the Completion takes place pursuant to the MSBA; |
(3) | “Deliverables” means the results of the development to be performed by NEC hereunder and which shall be specified in the SOW (hereinafter defined). |
(4) | “Service Fee” has the meaning set forth in SECTION 5(1) below. |
(5) | “MSA” means a manufacturing and supply agreement entered into between AVIAT, NEC and NEC Platforms, Ltd, around the date of this Agreement; |
(6) | “Product” means certain products listed in Exhibit B attached to this Agreement; |
(7) | “SOW” means a legally binding agreement to be executed by and between the parties hereto that states the Work, Deliverables (if any), Criteria, Service Fee, schedule and any special terms and conditions that applies to the Work, the form of which is attached in Exhibit A to this Agreement. |