Mobileye Global (MBLY) DRS/ADraft registration statement (amended)

Exhibit 10.18

MEMORANDUM OF UNDERSTANDING

This Memorandum of Understanding (“MOU”) sets forth the mutual intent and agreement of

STMicroelectronics N.V. (“ST”), a company organized and existing under the laws of The Netherlands, having its registered offices at WTC Schiphol Airport, Schiphol Boulevard 265, 1118 BH Schiphol Airport Amsterdam The Netherlands, acting through its Swiss branch, with a registered office at 39, chemin du Champ-des-Filles, 1228 Plan-les-Ouates, Geneva, Switzerland

and

Mobileye Technologies Limitied (“Mobileye”) having offices at Julia House 3, Themistokli Dervis street, Nicosia, Cyprus.

Hereinafter individually called a “Party” and collectively called the “Parties”

RECITALS

AGREEMENT

The negotiation points below represent issues that have been discussed by the Parties and are to be used as a basis for preparing the Final Agreement.

As requested by Mobileye, ST is available to assume the manufacturing services for the EyeQ1 device currently manufactured in TSMC.

Mobileye would provide free of charge to ST the EyeQ1 mask set to allow ST to have the device produced by TSMC.

EyeQ2 is a custom product intended for automotive image recognition systems. Block diagrams are outlined in Appendix A.

Mobileye will be principally responsible for the design of EyeQ2. ST is available to support Mobileye in the form of specific IP delivery, including standard cell libraries and memory compilers. ST is also available to provide assistance in design for test and design for manufacturability. More specifically, Mobileye and ST intend to work together to develop the EyeQ2 following the business scheme below:

ST Duties. And Mobileye Duties, Technical responsibilities and Schedule are defined in the APPENDIX A

A FAR may or may not result in a Return Material Authorization (RMA),

Mobileye and will assist as required for application related problems, including providing application boards and consultation for the failure analysis team.

For the purpose of this article 5.0, Confidential Information shall mean any information disclosed by either party (“the Discloser”) to the other (“the Recipient”) in pursuance of this agreement.

Confidential Information in tangible form will be marked by the Discloser with a legend identifying it as “CONFIDENTIAL” and Confidential Information disclosed verbally or by demonstration will be identified as confidential at the time of disclosure, and summarized in a written document that is sent to the Recipient of the Confidential Information within thirty (30) days after the disclosure.

Each Party undertakes to use the same degree of care as it uses with respect its own information of a similar nature to avoid disclosing the Confidential Information received from the other Party unless the Discloser previously consented in writing to such disclosure.

This undertaking will not apply to any information that:

ST and Mobileye shall not use the Confidential Information for another or other purposes than for the joint development and manufacturing of “EyeQ2” and manufacturing services for “EyeQ1”.

Either Party may disclose any Confidential Information hereabove to its employees having the reasonable need for access to such Confidential Information in connection with or during the performance of this Agreement and the Parties shall ensure that such employees comply with the provisions of this article.

ST reserves the right and Mobileye agrees that ST may disclose the Confidential Information of Mobileye to any of the Affiliates on a “need to know” basis, and ST shall ensure that such Affiliates comply with the provisions of this MOU.

The Parties agree to issue a mutually agreed upon press release related to the subject matter of the Final Agreement immediately after the signature of MOU.

During the lifetime of this MOU and for eighteen (18) months after termination or expiration of this MOU, ST shall not engage in the sale of a custom device, which is designed and marketed as an application specific (ASIC) to one or more of the existing applications running on EyeQ1 or EyeQ2.

The exclusivity relation between the Parties assumes the following: (1) ST shall actively promote EyeQ1 and EyeQ2 to its automotive customers by, among other things, including EyeQ1 and EyeQ2 in any materials (catalogues) it provides to customers on its future plans for automotive microprocessors; and (2) ST shall not develop with another party a device for use in automotive specific image recognition applications equal or resembling to the specific applications promoted by Mobileye on the EyeQ1 and EyeQ2 devices. If items (1) or (2) are violated then the exclusivity expires, however, this does not constitute a cause for termination of the agreement.

If Mobileye ceases doing business or, in connection with bankruptcy proceedings is no longer supplying the EyeQ1 or EyeQ2 to its customers directly, ST agrees that it shall accept purchase orders from Mobileye customers authorized in writing (and in subject to such written authorization) to make such and for any then-existing EyeQ1 and EyeQ2 products under the same terms and conditions applicable to purchase orders accepted from Mobileye in the immediately preceding 12 months, or if no purchase orders were accepted during such period, under commercially reasonable terms and conditions. ST agrees that it shall execute any documents reasonably requested by Mobileye to evidence this obligation to customers.

Mobileye shall have the right to assign this MOU in connection with a merger, corporate reorganization, acquisition, or sale of all or substantially all of the assets to which this MOU pertains.

Mobileye can cancel or reduce the amount of an order before wafer start.

Payment should be within 45 days of receipt of invoice except as otherwise agreed in writing.

The following outlines the fees that have been discussed:

These prices are based on the following assumptions:

***[10 LINES REDACTED]***

These prices are based on the following assumptions:

***[7 LINES REDACTED]***

This MOU provides the guidelines for the Final Agreement between the Parties. The MOU will be replaced by the Final Agreement which will contain more technical details about the technical activities of both Parties and additional elaborations and appendices as required. Following the signature of this MOU both Parties would immediately fix the necessary steps to start the cooperation.

All disputes between the Parties in connection to this MOU shall first be discussed in good faith between the Parties in order to try to find an amicable solution. If no solution can be found to settle the dispute within 45 days after giving notice to the defaulting party, then the dispute will be submitted to the Court of the jurisdiction of London, England. This agreement shall be governed by and construed in accordance with the laws of England.

All the above read, confirmed and signed.

Signature: /s/ Ziv Aviram
November 2, 2005

***[APPENDIX A TO THE MOU BETWEEN
MOBILEYE & ST MICROELECTRONICS ON EYEQ2
ASIC (8 PAGES) REDACTED]***

Information contained in this document has been prepared exclusively for the use of Mobileye & STMicroelectronics. The information contained herein may not be disclosed or duplicated for others without proper authorization from Mobileye & STMicroelectronics

Hi Martin,

Thank you for your prompt response.

Following an internal review we decided to accept your offer. For the sake of minimizing possible mis-understanding please find below the terms as we understood them:

***[4 LINES REDACTED]***

3. EyeQ2 – prices will be adjusted as follows:

All other business terms will be identical to EyeQ1 and EyeQ2.

I suggest a simple addendum to reflect the above.

Martin - thank you very much for your support and help during this period that enabled us to come to this point and continue our true partnership. I am confident that both companies will benefit from this.

On behalf of Mobileye, Thank you and ST team!

Ofer.

Ofer Maharshak
Chief Financial Officer
Mobileye
P: +972 2 5417375
M: +972 54 4850289

From: Martin Russell DUNCAN [mailto:martin.duncan©st.com]
Sent: Tuesday, June 08, 2010 12:10 PM
To: ‘Martin Russell DUNCAN’; elchanan
Cc: Amnon Shashua; Ziv Aviram; Ofer Maharshak; ‘Mordehay CHOUCHAN’
Subject: RE: EyeQ3 budgetary quotation

Dear all,

I hope this is a little closer to your expectations for the high volumes that we are envisaging. If you wish to discuss further, please do not hesitate to call me and I will make myself available as I know this is very urgent to you.

***[22 LINES REDACTED]***

Best regards, Martin

Amendment 3 to the Memorandum of understanding

This Amendment to the Memorandum of Understanding is made this day 2^nd of April 2013 by and between:

STMicroelectronics International N.V., a Dutch Corporation, with a Swiss Branch and its Headquarters located at 39, Chemin du Champ-des-Filles, Plan-les-Ouates, 1228 Geneva, Switzerland (“ST”)

and

Mobileye Technologies Limited, having offices at Julia House 3, Themistokli Dervis street, Nicosia, Cyprus (“Mobileye”)

hereinafter collectively “Parties” and individually “Party”

Whereas

NOW THEREFORE, in consideration of the recitals hereabove and subject to the terms, conditions and covenants set forth hereunder, ST and Mobileye agree as follows:

All defined terms consisting of one or more words bearing an initial capitalized letter used and not defined herein shall have the meanings assigned to them in the Agreement as amended hereby.

Section 15.0 of the MOU is hereby amended and restated in its entirety and shall read as follows:

This MOU shall be legally binding on the Parties and in force until the execution by the Parties of a “Final Agreement” (is defined in the MOU) or December 31, 2022 whichever event occurs first”

This Amendment acts forth the entire agreement of the Parties hereto with respect to the matters coveted herein and, except as otherwise provided herein, supersedes, all prior agreements, covenants, arrangements, communications, representations and warranties, whether oral or written by any officer, employee or representative of any of either Party, it being acknowledged, however, that other than those sections specifically amended in Article 2 herein, nothing in-this Amendment shall affect the validity and enforceability of the provisions of the Agreement.

No amendment to any provision of this Amendment shall be effective or binding on either of the Parties unless set forth in writing and executed by a duly authorized representative of each Party.

In case any provision in this Amendment shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. The invalidity, illegality or unenforceability of any provision in this Amendment in any jurisdiction shall not invalidate or render illegal or unenforceable such provision in any other jurisdiction.

This Amendment shall be executed in two counterparts, each of which shall be deemed to be an original, and all shall constitute one and the same agreement.

This Amendment shall be governed by and interpreted according to the terms and conditions set forth in Section 16.0 of the MOU.

All disputes arising out of or in connection with this Amendment shall be finally settled according to the terms and conditions set forth in Section 16.0 of the MOU.

This Amendment comes into effect on January 1^st, 2013.

IN WITNESS WHEREOF, this Amendment is signed by duly authorized representatives of the Parties at the date mentioned on the first page of this Amendment n. 1.