This Contract, for the acquisition of audio, video and network conferencing hardware and software, and related services is entered into by and between Polycom, Inc., with its principal place of business at 4750 Willow Road, Pleasanton, CA 94588-27058 ("Polycom") and the Oklahoma State Regents for Higher Education located at 655 Research Parkway, Suite 200, Oklahoma City, OK 73104 ("OSRHE").

Contract and Term

This Contract sets forth the terms and conditions under which Polycom will sell to Customer of audio, video and network conferencing hardware and software, and related services as listed on Exhibit B, attached hereto. Terms used in this Contract shall have the meanings set forth below in Section 2, Definitions. This Contract is available for use by all Customers.

The term of this Contract shall be one (1) year commencing on the date of approval by both parties with four (4) one-year renewal options with written approval of the parties. Upon termination of this Contract, all rights and obligations set forth herein shall survive in accordance

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