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END USER SOFTWARE LICENSE AGREEMENTV-Ray for Autodesk 3ds Ma! "ers#o$ %&' S()

IM(ORTANT * (LEASE READ CAREFULL+,

Chaos Software Ltd. (THE COMPANY), acti! o its ow "eha#f or o "eha#f of a a$thori%ed

"& THE COMPANY rese##er, #iceses the rederi! s&ste' *a& for A$todes+ ds Ma-, ersio/.0 SP1 (hereiafter referred to as THE P*O23CT) to &o$ (either &o$ 4ersoa##& if &o$ haeac5$ired THE P*O23CT for &o$rse#f, or aother #e!a# etit& which has ac5$ired THE P*O23CTo &o$r "eha#f6 hereiafter referred to as THE L7CENSEE) o#& $4o the coditio that &o$acce4t a## of the ter's cotaied i this EN2 3SE* L7CENSE A8*EEMENT (THE

A8*EEMENT).

9& ista##i!, accessi!, or otherwise co4&i! or $si! a## or a& 4ortio of THE P*O23CT, THEL7CENSEE a!rees to "e #e!a##& "o$d "& THE A8*EEMENT. 7f THE L7CENSEE does ot a!reeto a& or a## of the ter's i THE A8*EEMENT, THE L7CENSEE '$st ot ista##, access, orotherwise co4& or $se THE P*O23CT ad 'a&, withi thirt& (:) da&s fro' the date ofac5$isitio, ret$r THE P*O23CT ad a& acco'4a&i! doc$'etatio ad 'ateria#s to THECOMPANY or its a$thori%ed rese##er fro' which THE P*O23CT was ac5$ired for a ref$d.

Art#.e %& SCO(E

/./. THE COMPANY trasfers ad THE L7CENSEE acce4ts the fo##owi! os$"#icesa"#e,oe-c#$sie, otrasfera"#e ri!hts oer THE P*O23CT, s$";ect to the restrictios i sectio/.1s 'ai f$ctio(rederi! of d 'ode#s) ad does ot5$a#if& as a ew 4rod$ct.

=.1. A## 4$rchased #iceses wi## "e a$thori%ed ia a Licese Serer. The ri!hts ad o"#i!atios ofTHE COMPANY with res4ect to the Licese Serer sha## "e arra!ed i a se4arate a!ree'et.

=.0. THE COMPANY sha## ot "e res4osi"#e for a& 4ro"#e's that 'a& a44ear d$ri! or"eca$se of the $se of the P*O23CT. THE COMPANY sha## ot "e #ia"#e i case THE L7CENSEE

is ot a"#e to $se a& or a## of the P*O23CT>s feat$res d$e to a force 'a;e$re (ic#$di!, "$t ot#i'ited to shortcirc$its, 4ower o$ta!es, iteret etwor+ 'a#f$ctios, ad'iistratie #i'itatios

ad otherss$ch as a war, stri+e, riot, cri'e, or a eet descri"ed "& the #e!a# ter' ?act of 8od?e.!., f#oodi!s, earth5$a+es, etc.).

=.@. THE COMPANYs etire #ia"i#it& sha## "e #i'ited to da'a!es of a a'o$t e5$a# to thea'o$t of the iitia# 4$rchase 4rice ori!ia##& 4aid "& THE L7CENSEE for THE P*O23CT. Theetire #ia"i#it& of THE COMPANY ad THE L7CENSEEs e-c#$sie re'ed& wi## "e to atte'4t tocorrect or wor+ aro$d errors, to re4#ace THE P*O23CT or to ref$d the 4$rchase 4rice adter'iate THE A8*EEMENT.

Art#.e 3& RIG0TS AND O1LIGATIONS OF T0E LICENSEE

./. THE L7CENSEE sha## $ots tradesecrets, as we## as a& other ifor'atio heBshe 'a& "eco'e aware of d$ri! or i re#atio withthe e-ec$tio of THE A8*EEMENT, e-ce4t i cases where s$ch ifor'atio is re5$ired "&a44#ica"#e #aw.

Art#.e )&(RODUCT AUT0ORI2ATION

1./. THE P*O23CT 'a& ic#$de 4rotectio sche'es to 4reet $sa!e of $#icesed co4ies ofTHE P*O23CT.

1.=. THE P*O23CT wi## "e a$thori%ed "& a Licese Serer, which ter's ad coditios arearra!ed i a additioa# a!ree'et as descri"ed i Artic#e =.1.

Art#.e '& DURATION AND TERMINATION

0./. THE A8*EEMENT is effectie $ti# ter'iated.

0.=. THE L7CENSEE 'a& ter'iate THE A8*EEMENT at a& ti'e "& destro&i! THEP*O23CT, re#ated doc$'etatio ad a## co4ies thereof. 34o the ter'iatio of THE

A8*EEMENT, THE L7CENSEE sha## cease a## $se of THE P*O23CT ad destro& a## co4ies, f$##or 4artia#, of THE P*O23CT.

0.. THE A8*EEMENT wi## ter'iate i''ediate#& witho$t otice fro' THE COMPANY if THEL7CENSEE fai#s to co'4#& with a& 4roisio of THE A8*EEMENT.

Art#.e &OT0ER (ROVISIONS

@./. A& dis4$te a"o$t the e-istece ad the a#idit& of THE A8*EEMENT, or i re#atio with THE

A8*EEMENT or with a "reach of it, ic#$di! a& dis4$te ad discre4ac& a"o$t the effect,iter4retatio, ter'iatio, 4erfor'ace or fai#$re to e-ec$te it, sha## "e sett#ed "& e!otiatios. 7the eet o so#$tio is achieed, the dis4$te sha## "e ta+e to the Ar"itratio Co$rt of $rich. Thear"itratio #a!$a!e sha## "e E!#ish, ad the a44#ica"#e #e!is#atio sha## "e the 9$#!aria#e!is#atio.

@.=. 7 the eet a& of the ter's of THE A8*EEMENT is dec#ared oid "eca$se it cof#icts withthe a44#ica"#e #aw, the rest of the ter's ad the A8*EEMENT as a who#e sha## re'ai i f$##effect. S$ch ia#id ter' sha## "e s$4erseded "& the #e!a# 4roisios.

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@..The 4arties hereto sha## "e o"#i!ated ot to disc#ose to a& third 4art& a& 4art of theifor'atio e-cha!ed i the e!otiatios he#d "etwee the' d$ri! or i re#atio with thee-ec$tio of THE A8*EEMENT, e-ce4t where s$ch ifor'atio is re5$ired "& a44#ica"#e #aw.

@.1. A& a'ed'et or 'odificatio of THE A8*EEMENT sha## o#& "e 'ade "& a additioa#

a!ree'et 'ade i writi! "etwee the 4arties (ae-) ad si!ed "& "oth of the'.

V-Ray and the V-Ray logo are registered trademarks of Chaos Software Ltd. Autodesk and 3dsMax are trademarks or registered trademarks of Autodesk, n!. All other "rand names, #rodu!tnames, or trademarks "elong to their res#e!ti$e holders.