Common use of Creation and Funding of Russian Subsidiary Clause in Contracts

Creation and Funding of Russian Subsidiary. On August 29, 2012, the Company formed a Russian Subsidiary under the name Limited Liability Company "Quantenna Communications" ("RusCo") as a wholly owned subsidiary of the Company incorporated in the Russian Federation. The Company will use commercially reasonable efforts to operate RusCo in compliance with the provisions and requirements of RusCo's corporate structure as described on Exhibit A attached hereto. "Russian Funding" for purposes of this Letter Agreement shall include cash transfers from the Company to RusCo, plus unreimbursed expenses allocated to RusCo by the Company as described in Section 2.2. The Company agrees to allocate a budget to RusCo in an aggregate amount of $13 million, with the Russian Funding to be provided to RusCo and/or to be spent by the Company according to Section 2.2 as follows: December 31, 2014 ("Period 1") $2,200,000.00 December 31, 2015 ("Period 2") $1,700,000.00 December 31, 2016 ("Period 3") $2,000,000.00 December 31, 2017 ("Period 4") $2,200,000.00 December 31, 2018 ("Period 5") $2,400,000.00 December 31, 2019 ("Period 6") $2,500,000.00 The Russian Funding shall be approved by the Board of Directors of the Company (the "Board"). The Company agrees to provide Russian Funding in the applicable Investment Amount on or before the applicable Fund Date for each Period as set forth above.

Creation and Funding of Russian Subsidiary. On August 29, 2012, the Company formed a Russian Subsidiary under the name Limited Liability Company "Quantenna Communications" ("RusCo") as a wholly owned subsidiary of the Company incorporated in the Russian Federation. The Company will use commercially reasonable efforts to operate RusCo in compliance with the provisions and requirements of RusCo's corporate structure as described on Exhibit A attached hereto. "Russian Funding" for purposes of this Letter Agreement shall include cash transfers from the Company to RusCo, plus unreimbursed expenses allocated to RusCo by the Company as described in Section 2.2. The Company agrees to allocate a budget to RusCo XxxXx in an aggregate amount of $13 million, with the Russian Funding to be provided to RusCo and/or to be spent by the Company according to Section 2.2 as follows: December 31, 2014 ("Period 1") $2,200,000.00 December 31, 2015 ("Period 2") $1,700,000.00 December 31, 2016 ("Period 3") $2,000,000.00 December 31, 2017 31,2017 ("Period 4") $2,200,000.00 December 31, 2018 ("Period 5") $2,400,000.00 December 31, 2019 ("Period 6") $2,500,000.00 The Russian Funding shall be approved by the Board of Directors of the Company (the "Board"). The Company agrees to provide Russian Funding in the applicable Investment Amount on or before the applicable Fund Date for each Period as set forth above.