Exhibit 10.5
CONFIDENTIAL
Execution Version
TECHNOLOGY AND SERVICES AGREEMENT
This Technology and Services Agreement (the “Agreement”) is entered into as of the date of the last signature to it and is effective as of October 25th 2022 (“Effective Date”) between Intel Corporation, a company established and existing under the laws of Delaware and the United States (“Intel”), and Mobileye Vision Technologies Ltd., a company established and existing under the laws of the State of Israel (“Mobileye”). Intel and Mobileye are each referred to in this Agreement as a “party” and, collectively, the “parties.”
BACKGROUND
The parties contemplate that Mobileye Global Inc., the indirect parent of Mobileye, will make an initial public offering of its Class A common stock pursuant to a Registration Statement on Form S-1 under the Securities Act of 1933, as amended.
After this initial public offering, the parties will continue to collaborate on technical development projects under the terms of this Agreement. Intel will also provide additional services to Mobileye and its Affiliates, including for payment.
This Agreement provides a framework for, and describes how the parties will allocate ownership of new technology resulting from, these technical development projects and services. It will replace the Mobileye and Intel Development and Reimbursement Agreement dated 3 December 2018 (“DRA”) which will be terminated by separate agreement executed on or around the date of execution of this Agreement. Projects for development and manufacturing relating to LiDAR will be done by the parties solely under the LiDAR Product Collaboration Agreement, executed on or around the date of execution of this Agreement (“LiDAR Product Collaboration Agreement”).
Mobileye and its Affiliates also have hired certain former Intel radar engineers. Intel is licensing intellectual property rights to certain radar technology, including the rights to certain technology created by those engineers, to Mobileye to allow Mobileye to work on Mobileye Sensor Products as detailed herein.
ATTACHMENTS
The following attachments are incorporated into this Agreement.
Schedule 1Definitions
Exhibit ASOW Template
Exhibit BInvention Tracking Document Information
Exhibit CIntel Lidar and Radar Technology
Exhibit DIntel Fundamental Technology Areas
Exhibit ELidar and Radar Patents
Exhibit FPatent Litigation Defense Assistance