106762928 DISCOUNT AGREEMENT (Slovenia) This Discount Agreement dated as of __________ __, 201_ is between ____________________________ (“Supplier”) and Orbian Financial Services II Limited, as purchaser (“OFS” and, together with the Supplier, the “Parties”). Background A. The Supplier has entered into commercial transactions with Siemens AG, München and Berlin, Germany, and/or one or more of its Permitted Affiliates (each a “Buyer”) that have generated Receivables, and may in the future enter into commercial transactions with a Buyer that would generate additional Receivables. To facilitate the processing of such Receivables, the Supplier and OFS have executed the License and Settlement Agreement dated as of ___________ __, 201_ (as amended, supplemented or otherwise modified and in effect from time to time, the “License and Settlement Agreement”). B. From time to time, the Supplier wishes to sell to OFS and OFS wishes to purchase from the Supplier, the Receivables, pursuant to the terms and conditions of this Agreement. NOW, THEREFORE, the Supplier and OFS agree as follows: 1. Definitions. In this Agreement: “Affiliate” means any corporation, association or other entity that is directly or indirectly wholly owned by Siemens AG. “Agreement” means this Discount Agreement together with any attachments hereto, as such may be amended, supplemented or otherwise modified in writing and in effect from time to time in accordance with its terms. “Auto-Discount Account” - means an account type whereby the Supplier agrees to automatically sell to OFS all of the Supplier’s Receivables immediately upon issuance of a Payment Notification for those Receivables being entered into the Orbian System. “Buyer” means an Affiliate or Siemens AG in its function as a buyer under a Supply Contract. “Collateral Security” means all security rights which are related to or arise from the Eligible Receivable including all retention of title rights and security interests in respect of assets serving as the Supplier’s security in respect of the Eligible Receivables. “Documentation” means the information provided to Supplier in connection with use of the Orbian System. 1 106762928 “Discount Proceeds” has the meaning given in Annex 2 “Pricing Schedule”. “Eligible Receivable” means any Receivable that complies with the eligibility criteria specified in Annex 1. “Equipment” means all equipment provided by or on behalf of Orbian Management Limited for the purpose of accessing or using the Orbian System, including, without limitation all authentication products. “License and Settlement Agreement” has the meaning given in Clause A of the Background. “Licensed Resources” means the Documentation, Equipment and Software. “Manual-Discount Account” means an account type whereby the Supplier has the option to manually select which Receivables it would like to assign and sell to OFS and the timing of such sale of Receivable. “Offer For Purchase” has the meaning given in Clause 2. “Orbian System” means the electronic settlement system as specified in the Documentation made available to the Supplier hereunder and any copyright, trademark, patent, database, software or other intellectual property rights relating thereto, including any embodiment of such intellectual property rights. “Payment Amount” means the amount that is due from a Buyer on the specified date, as contained in the Payment Notification(s). “Payment Notification” means, with respect to a Receivable owed by a Buyer, the notification sent by OFS to the Supplier through the Orbian System, notifying the Supplier that such Buyer has instructed OFS to make payment from funds to be provided by the Buyer of a specified amount on a specified date in full or partial payment of such Receivable. “Prior Encumbrance” shall have the meaning set forth in Clause 6. “Receivable” means the payment obligation of a Buyer in relation to the (purchase) price of the goods delivered or the services performed by the Supplier under a Supply Contract. “Single Purchase and Assignment Agreement” has the meaning given in Clause 3. “Software” means all software, programming or object code provided by Orbian Management Limited to Supplier for utilizing the Orbian System on a computer or a like device to use the Orbian System. “Supply Chain Finance Program” means the settlement and purchase of Receivables through the Orbian System in Europe in which various suppliers of the Siemens AG and of the Affiliates participate. 2 106762928 “Supply Contract” means a contract for the purchase of goods and/or services between a Buyer and the Supplier for the purchase of goods and/or services, resulting in payment obligations owed by such Buyer to the Supplier. 2. Offer for Purchase. From time to time the Supplier may either (depending on the option selected via the Orbian System), at its option offer to sell individual Eligible Receivables (using a Manual-Discount Account), or offer to sell automatically all Eligible Receivables (using an Auto-Discount Account), for which respectively a Payment Notification is issued, to OFS (an “Offer for Purchase”) at a price equal to the Discount Proceeds. In case of a Manual-Discount Account all Offers for Purchase will be made by the Supplier through the Orbian System by marking the respective Receivable as being for sale. Each Offer For Purchase will remain open until the earlier of its acceptance by OFS pursuant to Section 3 below, its revocation in writing or through the Orbian System by the Supplier (provided that such revocation is received by OFS prior to OFS’s acceptance of such Offer For Purchase, if any) or its rejection in writing or through the Orbian System by OFS. 3. Acceptance of Offer for Purchase. OFS, in its sole and absolute discretion, may accept Supplier’s Offer for Purchase in respect of some or all Eligible Receivables only by depositing the Discount Proceeds in Supplier’s designated bank account in accordance with the terms of this Agreement and by marking the concerned Receivables as purchased Receivables in the Orbian System. Simultaneously with the credit of the Discount Proceeds to Supplier’s designated bank account and with the respective marking in the Orbian System a single purchase and assignment agreement is concluded with respect to the Eligible Receivable to which the deposit relates (“Single Purchase and Assignment Agreement”). The Single Purchase and Assignment Agreement does not constitute and is not intended to result in an assumption by OFS of any obligation of the Supplier or any other person or entity arising in connection with the Eligible Receivables or any other obligations of the Supplier. The Supplier hereby agrees that its obligations under this Agreement and any Offers For Purchase issued by it shall – unless otherwise proscribed by non-dispositive legal provisions of German law - not be affected by the invalidity, unenforceability, existence, performance or nonperformance of the relevant underlying Supply Contract, which (and any liability for which) shall be between the Supplier and the Buyer only. It is the intention of the Supplier and OFS that each sale of Receivables shall constitute a true sale, which sale will be absolute and irrevocable and following to such sale, the Supplier shall have no further right to or in connection with such Receivable. Supplier agrees that payments to Supplier by Purchaser shall be inclusive of all taxes with respect to the sale of any Receivable or any Discount Charge thereon. 4. Designation of OFS. The Supplier hereby agrees to irrevocably and unconditionally designate OFS on the Orbian System as the business entity to receive payment of the amount specified in the related Payment Notification with respect to a Receivable. Subject to sentence 3 of this clause, the Supplier hereby acknowledges that the designation of OFS as the designated payee on the Orbian System pursuant to this Clause 4 is absolute and final, and hereby covenants 3 106762928 and agrees not to attempt to challenge, withdraw or revoke such designation. The Supplier hereby agrees not to designate any other entity other than OFS as a designated payee on the Orbian System. The Supplier may only revoke such designation in respect to Receivables for which no Payment Notification was sent by OFS to the Supplier with ten 10 business days prior written notice after receipt of such notice by OFS. 5. Assignment of Eligible Receivables. The Supplier hereby assigns in advance to OFS all Eligible Receivables (whether existing, future, conditional, unconditional, limited and unlimited) and all of Supplier’s present and future rights, title and interest in, to and under the Eligible Receivables. Together with the Eligible Receivable the Supplier assigns to OFS (provided they have not already been subrogated by operation of law) the Collateral Security and all its future claims against the respective Buyer (or any third party in whom the Collateral Security may be vested) for the surrender of the Collateral Security which is or will be in its possession. OFS hereby accepts the above assignments. Both Parties agree that the Assignment of Eligible Receivables will be governed by the substantive laws of Slovenia. OFS therefor obtains approval by the Buyer. The Supplier hereby authorises and empowers OFS to exercise in relation to the Buyer in OFS’s own name any and all unilateral rights of declaration and independent ancillary rights which (a) are necessary to enforce payment of the purchased Eligible Receivables and/or realise the related Collateral Security and (b) have not been transferred by way of assignment to OFS under this Agreement. This authorisation shall not end upon the termination of this Agreement. The aforementioned assignments and authorizations are subject to the respective Eligible Receivable being offered by the Supplier pursuant to Clause 2 and a Single Purchase and Assignment Agreement for its purchase being concluded pursuant to Clause 3. For the avoidance of doubt, the Supplier agrees that as a result of the sale, purchase and assignment of any Eligible Receivable as provided for in this Agreement the Supplier shall have no further right of whatever nature to such Eligible Receivable and OFS shall have the full benefits of ownership of such Eligible Receivables. The Supplier agrees to sign all such documents, and take all such further actions, as OFS may reasonably request from time to time to evidence this transfer of ownership. Should the above mentioned advance assignment not be effective with respect to an individual or all Eligible Receivables for whatever reason, it is hereby agreed that the respective Eligible Receivables will be assigned to OFS upon conclusion of each Single Purchase and Assignment Agreement between the Supplier and OFS, whereby the offer and acceptance of such assignment are part of the Offer for Purchase and its acceptance by OFS. In the event that the Supplier and OFS agree in writing to sell and purchase Eligible Receivables which are not governed by Slovenian law, the Parties will ensure for these purposes that any and all requirements in each applicable foreign jurisdiction for the effective assignment and transfer of the Receivables and its perfection – including the requirements for a valid assignment vis-àvis debtors and any other third party - will be fulfilled. 4 106762928 6. Prior Encumbrance. In the event that any Eligible Receivable which the Supplier wishes to Offer For Purchase pursuant to Clause 2 hereof has been assigned to any third party or otherwise encumbered with a right of a third party (“Prior Encumbrance”) prior to such Offer For Purchase being made with respect to such Eligible Receivable, the Supplier undertakes to (a) notify OFS of such Prior Encumbrance (b) to identify to OFS the terms of such Prior Encumbrance; and (c) to obtain a release of the Prior Encumbrance. 7. Liability for Credit Risk. Except as is set forth in this Agreement, at the time when OFS becomes the owner of any Eligible Receivable (it will bear the risk that the Eligible Receivable is not paid by the respective Buyer (“Credit Risk”). 8. Representations and Warranties. (a) The Parties agree that each sold Receivable to OFS must on a continuing basis until it is fulfilled comply with the following representations and warranties of the Supplier (Representations and Warranties): (i) each Receivable, including the Collateral Security and ancillary rights, exists and is legally enforceable, the existence and validity of the Receivable will not be changed or affected subsequently; (ii) the Receivable is assignable and is not and will not be subject to or affected by any defences or objections ; (iii) the Receivable is free and clear of any third party rights and, at the time of its assignment, is owned exclusively by the Supplier; (iv) the Supplier has accounted for the Receivable in its books and financial statements consistent with generally accepted accounting principles; and (v) the Receivable is an Eligible Receivable. (b) If a Receivable does not fulfil the Representations and Warranties agreed in Section 8 (a), OFS is entitled to exercise warranty rights. It shall not be required that OFS sets a deadline prior to exercising its warranty rights. (c) In the event that the Credit Risk assumed by OFS shall occur, OFS' warranty rights under Section 8 and 9 will remain unaffected and fully enforceable. (d) The Supplier’s liability for breach of the Representations and Warranties agreed upon in Section 8 (a) will exist and be enforceable irrespective of whether OFS knew or should have known (negligent or grossly negligent lack of knowledge) that the receivable does not or will not at any time comply with the Representations and Warranties. 9. Supplier's bona fida guarantee and Covenants of the Supplier. 5 106762928 (a) With respect to each sold Receivable, the Supplier provides OFS, irrespective of the Supplier’s fault with the bona fida guarantee that the respective Receivable fulfils and will fulfil the Representations and Warranties set forth in Section 8 (a) ("Bona Fida Guarantee“). If the Supplier breaches any of the Bona Fida Guarantee, OFS may cancel the purchase of Receivables in question and/or claim for damages compensations in lieu of performance, irrespective of and in addition to any other rights OFS might have. The provisions set forth under Section 8 (b) to and including (d) shall apply accordingly. (b) The Supplier warrants that it did not and will not: (i) sell, assign or transfer any right, claim or interest in any Eligible Receivable offered by way of Offer for Purchase hereunder to any person or entity other than OFS or (ii) grant, authorize, consent to, or suffer to exist any security interest, lien or other claim or encumbrance on any Eligible Receivable offered by way of Offer for Purchase hereunder other than in favor of OFS. (c) The Supplier represents to OFS by issuing an Offer for Purchase that as of the date of each Offer for Purchase that (i) each Offer for Purchase, and all other transactions between OFS and the Supplier, have been and will be made in good faith and without intent to hinder, delay or defraud creditors of the Supplier; and that (ii) the information provided by the Supplier through the Orbian System related to each Eligible Receivable that has been offered hereunder to OFS is true and correct. 10. Information, Data and Access. With respect to Eligible Receivables purchased and assigned pursuant to Clauses 2 and 3 herein, the Supplier (i) will mark such Eligible Receivables in its books in an appropriate way to evidence that OFS has purchased the related Eligible Receivables as provided in this Agreement, and (ii) at OFS’s request, will transfer to OFS possession and control of copies of all receipts, order slips, acceptances, and other records or documentation in Supplier’s possession pertaining to the sale of goods and/or services to which such Eligible Receivables relate. The Supplier will, at its expense, timely and fully perform and comply with all material provisions required to be observed by it under the Supply Contracts related to the Eligible Receivables. 11. Limitation on Liability. The Supplier hereby acknowledges and agrees that OFS shall have no other duties or obligations other than as specifically provided in Sections 12 and 15 of this contract to the Supplier whatsoever under this Agreement other than its obligation to pay the Discount Proceeds if it accepts an Offer For Purchase, in its sole discretion. OFS' liability towards the Supplier under this Agreement for cases of gross negligence or willful misconduct shall not be limited. In the event of mere negligence, OFS' liability is limited to typical and foreseeable damages unless essential obligations of OFS under this Agreement are concerned. In any event, OFS' liability vis-à-vis the Supplier for mere negligence shall be limited to an amount of the Eligible Receivable at issue, less Discount Proceeds paid. OFS shall have no liability to the Supplier hereunder with respect to any obligation of Orbian Management Limited, the Orbian System or the Licensed Resources. The Supplier hereby acknowledges and agrees that the rights of OFS under this Agreement (including, but not limited to, its rights with respect to purchased Receivables) shall be separate and distinct from the obligations of Orbian Management Limited to the Supplier and that OFS is entering into this Agreement in reliance on the Supplier’s 6 106762928 undertakings hereunder, including but not limited to Supplier’s undertakings under Clause IV.2 of the License and Settlement Agreement, the acknowledgement under this Clause 11 and its representations, warranties and undertakings under this Agreement and the License and Settlement Agreement. 12. Prohibition on Assignment, Notification. (a) In the event that the Supplier and Buyer did not agree upon a contractual prohibition of assignment in a Supply Contract the Supplier and OFS agree as follows: The Supplier hereby instructs and authorizes OFS to agree on behalf of the relevant Supplier with regard to each present and future Supply Contract concluded or to be concluded between the Supplier and each Buyer that the Supplier is not permitted and will not be permitted to assign any Eligible Receivable resulting from such Supply Contract to any third party other than OFS nor to dispose otherwise (e.g. by assignment of security ) of it without prior written consent of the relevant Buyer and that the Eligible Receivables are and will be kept free and clear by the Supplier of any third party rights. OFS herewith agrees with such instruction. (b) In the event that the Supplier and Buyer did agree upon a contractual prohibition of assignment in a Supply Contract the Supplier and OFS agree as follows: The Supplier hereby instructs and authorizes OFS to rescind on behalf of the Supplier a contractual prohibition of assignment agreed upon between the Supplier and a Buyer under a Supply Contract concerning the respective Receivable that is offered for purchase with regard to the purchase of OFS and to agree on behalf of the Supplier with the relevant Buyer that the exclusive competent court for the assertion of the Receivable against the Buyer shall be at the registered seat of the Buyer. OFS herewith agrees with such instruction. (c) The Supplier hereby instructs and authorizes OFS and Orbian Management Limited to notify each Buyer of the sale and assignment of each Receivable to OFS also on behalf of the Supplier e.g. by sending a corresponding email to the Buyer (notification of assignment) and to demand the Buyer to pay on and in connection with the Receivables exclusively to OFS. OFS herewith agrees with such instruction. OFS and Siemens AG and its Affiliates are entitled to demand the Supplier to notify the debtors on its own expenses of the sale and assignment of all Receivables to OFS without undue delay. The Supplier agrees vis-àvis Siemens AG and its Affiliates that it will not revoke this instruction, authorization and rights until the termination of this Agreement (third party beneficiary agreement). 13. No Agent. OFS does exclusively act on its own behalf under and in connection with this Agreement; Orbian is not entitled or authorized to represent or to act on behalf of Siemens AG or any of its Affiliates, except for representation and authorization of OFS stipulated in Section 12. 14. Data Protection. The Supplier agrees that the information and data entered into the Orbian System by the Supplier may be disclosed to and used by Siemens AG and its Affiliates for their own statistical and other evaluation purposes in relation to the Supply Chain Finance Program. 15. Confidentiality. Except as required by applicable law, the existence and content of this Agreement, all information related to the Orbian System and all information related to the 7 106762928 financing transactions in relation to this Agreement shall not be disclosed publicly or made available to third parties by the Supplier or OFS without the prior written approval of the respective other party. Buyers and Siemens Financial Services GmbH will not be considered as third party in the meaning of this Clause 15. The Supplier agrees that Siemens AG and its Affiliates may in their sole and absolute discretion provide any information and documentation in relation to the business relationship with the Supplier to OFS and/or Orbian Management Limited; this provision is concluded in favor of Siemens AG and its Affiliates (third party beneficiary agreement). 16. No Assignment. Neither the Supplier nor OFS may assign or delegate any of its rights or obligations, and OFS may not delegate any of its obligations under this Agreement without the prior written consent of the other parties hereto; provided, however, that OFS may assign its rights under this Agreement in whole or in part to any bank for refinancing purposes. 17. Termination. The Supplier and OFS may terminate this Agreement at will. Upon notice of termination of this Agreement, the Supplier shall no longer issue Offers for Purchase to OFS and OFS will no longer accept Offers for Purchase from the Supplier. In the event that the Supplier becomes subject to any proceeding in insolvency or bankruptcy or the License and Settlement Agreement terminates, this Agreement shall terminate automatically without notice or any other action on the part of OFS or the Supplier. 18. Governing Law; Jurisdiction. This Agreement and all matters arising out of or in any way relating to this Agreement (the Single Purchase and Assignment Agreement in particular) will be construed in accordance with and governed by the substantive laws of Slovenia without regard to its conflicts of laws provisions. The application of the United Nations Convention on Contracts for the International Sale of Goods of April 11, 1980 and the UNIDROIT Convention on the International Factoring (Ottawa) shall be excluded. The exclusive place of jurisdiction for all disputes between the Parties arising out of or in connection with this Agreement shall be the appropriate courts of Slovenia. Signatures appear on next page 8 106762928 IN WITNESS WHEREOF, each of the Parties hereto has executed this Agreement as of the date first above written. ORBIAN FINANCIAL SERVICES II LIMITED By: Name: Title: James D Houston Managing Director [Supplier] By: Name: Title: Address: 9 106762928 Annex 1 Eligibility Criteria A Receivable against the Buyer in relation to the (purchase) price of the goods delivered or the services performed under a Supply Contract that may be offered for purchase to OFS has to comply with the following eligibility criteria: (i) the receivable originate from the sale of goods or the provision of services (ii) the receivable originates in the Supplier’s ordinary course of business; (iii) the receivable are undisputed by the relevant Buyer when offered for purchase; (iv) the receivable is denominated and payable in Euro, US Dollar, Yen, Pounds Sterling or (v) (vi) (vii) (viii) Danish Kroner; the receivable is governed by Slovenian law; the receivable is not subject to any current account agreement , to any prohibition of assignment and any similar stipulation; the receivable is documented through an invoice or any other comparable confirmation of debt, as well as through other documents (including, without limitation, delivery notes, confirmations of delivery or supply agreements, as the case may be) so that it can be separated out and clearly identified at any time and the title of the owner of the Receivable can be proven unequivocally in a manner capable of submission to local courts; and the exclusive place of jurisdiction for the assertion of the receivable is a competent court of a member state of the European Union or of Slovenia. 10 106762928 Annex 2 DISCOUNT AGREEMENT – PRICING SCHEDULE This Pricing Schedule shall be incorporated by reference and made as a part of the Discount Agreement. OFS reserves the right to modify this Pricing Schedule at any time upon written notice. Discount Proceeds means the Payment Amount minus Discount Charge. Definitions: “Discount Charge” - means the Payment Amount multiplied by the Discount Rate multiplied by the Discount Period and divided by 360. “Discount Period” - means the period starting from (and including) the date the Discount Proceeds are paid to Supplier until (and excluding) the Payment Due Date. “Discount Rate” - means the rate, in percent per annum, calculated as the sum of the Spread and the LIBOR rate prevailing on that day. “LIBOR”– means the relevant London Interbank Offered Rate (e.g., 3-month EUR) as quoted that day by the British Bankers’ Association and published the following day in the Wall Street Journal. The LIBOR rate applied will be derived from the Payment Due Date of the Payment Notifications being Discounted, using linear interpolation between rates where necessary. “Payment Amount” means the amount that is due from a Buyer on the specified date, as contained in the Payment Notification(s). “Payment Due Date” means the date for payment by a Buyer of the Payment Amount specified in the Payment Notification. “Spread” – The Spread is 1.30% per annum for Suppliers using Auto-Discount Account and 1.45% per annum for Suppliers using Manual-Discount Account. 11 106762928 Example for illustration purposes only, actual rates and charges will vary: Assumptions: a 3-month London LIBOR rate of 0.70% per annum, a Discount Period of 90 days, a Spread of 1.30% per annum and a Payment Amount of EUR 1,000,000.00. Account Type: Auto-Discount Account Indicative Discount Rate: 2.00% per annum (0.70% + 1.30%) Indicative Discount Charge: EUR 5,000.00, calculated as follows: EUR 1,000,000.00 x 2.00% x (90 / 360) = EUR 5,000.00 Discount Proceeds received by Supplier would be EUR 995,000.00, calculated as follows: EUR 1,000,000.00 - EUR 5,000.00 = EUR 995,000.00 12