EXHIBIT 10.02
INDEMNIFICATION AGREEMENT
     THIS INDEMNIFICATION AGREEMENT (this “Agreement”) is made and entered into
this ___day of ___, 2009, between Flextronics Corporation (the “Company”), a
Delaware corporation and a direct, wholly-owned Subsidiary of Flextronics
International Ltd., a Singapore corporation (“FIL”), and ___, a director and/or
officer of the Company and/or FIL (the “Indemnitee”).
RECITALS
     A. The Indemnitee, an officer and/or director of FIL, performs a valuable
service in such capacity for FIL. The Company, as a direct, wholly-owned
Subsidiary of FIL, and FIL, as its stockholder, derives a significant benefit
from such service;
     B. The Board of Directors (the “Board”) of the Company desires to retain
highly competent individuals to serve as directors, officers, employees and
agents of the Company and to protect such individuals against inordinate risks
of claims and actions against them arising out of their services to and
activities on behalf of the Company;
     C. It is reasonable, prudent and necessary for the Company to contractually
obligate itself to indemnify, and to advance expenses on behalf of, individuals
who serve as directors and officers of the Company or who serve as directors,
officers, employees or agents of FIL or another entity at the request of the
Company, to the fullest extent permitted by applicable law so that they will
serve or continue to serve the Company or such other entity free from undue
concern that they will not be so indemnified;
     D The Singapore Companies Act, Chapter 50, imposes certain restrictions on
the ability of FIL to indemnify and advance expenses to its officers and
directors, which restrictions are greater than those imposed by the applicable
laws of the State of Delaware;
     E. Section 145 of the Delaware General Corporation Law (the “Law”),
empowers the Company to indemnify by agreement its officers, directors,
employees and agents, and persons who serve, at the request of the Company, as
directors, officers, employees or agents of other corporations or enterprises,
and expressly provides that the indemnification provided by the Law is not
exclusive; and
     F. The Indemnitee does not regard the protection available under the
Company’s Certificate of Incorporation and By-Laws, FIL’s Articles of
Association, the Indemnitee’s indemnification agreement with FIL or insurance as
adequate in the present circumstances, and may not be willing to serve the
Company, or another entity at the request of the Company, as a director,
officer, employee or agent without adequate protection, and the Company desires
the Indemnitee to serve in such capacity. The Indemnitee is willing to serve,
continue to serve and to take on additional service for or on behalf of FIL
and/or the Company or another such entity on the condition that he or she be so
indemnified.

 

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     NOW, THEREFORE, in consideration of the foregoing and the other covenants
and agreements contained herein, and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties
hereto, intending to be legally bound, hereby agree as follows:
     1. Agreement to Serve. The Indemnitee will serve or continue to serve at
the request of the Company as a director and/or officer of FIL and/or a director
and/or officer of the Company or another Subsidiary of FIL, at the will of the
Company (or under separate agreement, if such agreement exists), so long as he
or she is duly appointed or elected and qualified in accordance with the
applicable provisions of the charter documents of FIL, the Company or such other
Subsidiary, as the case may be; provided, however, that the Indemnitee may at
any time and for any reason resign from such position (subject to any
contractual obligation that the Indemnitee may have assumed apart from this
Agreement), and FIL, the Company and any such Subsidiary shall have no
obligation under this Agreement to continue the Indemnitee in any such position.
Nothing contained in this Agreement is intended to create any right to continued
employment or other form of service for the Company, FIL or any Subsidiary by
the Indemnitee.
     2. Directors’ and Officers’ Insurance. The Company shall obtain and
maintain one or more policies of directors’ and officers’ liability insurance
(“D&O Insurance”) customary for similarly situated companies, providing Agents
of the Company with coverage on customary terms and conditions, and to ensure
the Company’s performance of its indemnification obligations under this
Agreement. In all policies of D&O Insurance, the Indemnitee shall be named as an
insured in such a manner as to provide the Indemnitee at least the same rights
and benefits as are accorded to the most favorably insured of the Company’s
Agents. The purchase, establishment and maintenance of D&O Insurance shall not
in any way limit or affect the rights and obligations of the Company or the
Indemnitee under this Agreement except as expressly provided herein, and the
execution and delivery of this Agreement by the Company and the Indemnitee shall
not in any way limit or affect the rights and obligations of the Company or any
other party or parties under any such D&O Insurance.
     3. Mandatory Indemnification. Subject to Section 8 below:
          3.1 Indemnity in Proceedings Other than Proceedings by or in the Right
of the Company. The Company shall indemnify and hold harmless Indemnitee in
accordance with the provisions of this Section 3.1 if the Indemnitee was or is
made, or is threatened to be made, a party to or a participant in (as a witness
or otherwise) any Proceeding (other than a Proceeding by or in the right of the
Company to procure a judgment in its favor) by reason of the fact that he or she
is or was an Agent, or by reason of anything done or not done by him or her in
such capacity. The Indemnitee shall be indemnified under this Section 3.1
against all Expenses and judgments, liabilities, Fines, penalties, amounts paid
in settlement, and all interest, assessments and other charges paid or payable
in connection with or in respect of any of the foregoing (collectively,
“Losses”) actually and reasonably incurred by the Indemnitee or that may be
incurred on behalf of the Indemnitee in connection with such Proceeding, or any
action, discovery event, claim, issue or matter therein or related thereto, if
the Indemnitee acted in good faith and in a manner he or she reasonably believed
to be in or not opposed to the best interests of the Company and, with respect
to any criminal Proceeding, had no reasonable cause to believe that his or her
conduct was unlawful;

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          3.2 Indemnity in Proceedings by or in the Right of the Company. The
Company shall indemnify and hold harmless the Indemnitee in accordance with the
provisions of this Section 3.2 if the Indemnitee was or is made, or is
threatened to be made, a party to or a participant in (as a witness or
otherwise) any Proceeding by or in the right of the Company to procure a
judgment in its favor by reason of the fact that he is or was an Agent, or by
reason of anything done or not done by him or her in such capacity. The
Indemnitee shall be indemnified under this Section 3.2 against all Expenses
actually and reasonably incurred by him or her in connection with such
Proceeding, or any action, discovery event, claim, issue or matter therein or
related thereto, if he or she acted in good faith and in a manner he or she
reasonably believed to be in or not opposed to the best interests of the
Company; provided, however, that no indemnification shall be made under this
Section 3.2 (i) in respect of any claim, issue or matter as to which the
Indemnitee shall have been finally adjudged to be liable to the Company, unless
and only to the extent that the court in which the proceeding is or was pending
shall have determined upon application that, in view of all of the circumstances
of the case, the Indemnitee is fairly and reasonably entitled to indemnity for
Expenses and then only to the extent that the court shall determine;
          3.3 Additional Indemnification. Notwithstanding any limitations in
Sections 3.1 or 3.2 hereof, the Company shall indemnify and hold harmless the
Indemnitee in accordance with the provisions of this Section 3.3 to the fullest
extent permitted by law (including, without limitation (i) to the fullest extent
authorized or permitted by the provisions of the Law as in effect as of the date
of this Agreement that authorize or contemplate indemnification by the Company
of the Indemnitee in his or her capacity as an Agent and (ii) to the fullest
extent authorized or permitted by any amendments or additions to or replacements
of such provisions which are adopted after the date of this Agreement that
increase the extent to which a corporation may indemnify such a Person in such a
capacity). The Indemnitee shall be indemnified under this Section 3.3 against
all Expenses and Losses actually and reasonably incurred by the Indemnitee or
that may be incurred on behalf of the Indemnitee in connection with any
Proceeding, or any action, discovery event, claim, issue or matter therein or
related thereto, by reason of the fact that he or she is or was an Agent, or by
reason of anything done or not done by him or her in such capacity; and
          3.4 Expenses as a Witness. Notwithstanding the foregoing, to the
extent that, by reason of his or her status as an Agent, the Indemnitee is a
witness in any Proceeding to which the Indemnitee is not a party, the Company
shall indemnify and hold harmless the Indemnitee against all Expenses actually
and reasonably incurred by the Indemnitee or on his or her behalf in connection
therewith.
     4. Good Faith; Partial Indemnification and Contribution.
          4.1 Good Faith. For the purposes of any determination of “good faith”
hereunder, the Indemnitee shall be deemed to have acted in good faith if in
taking such action the Indemnitee relied on the records or books of account of
the Company, FIL or any Subsidiary of FIL (collectively, “Flextronics”),
including without limitation financial statements, or on information, opinions,
reports or statements provided to the Indemnitee by the officers or other
employees of Flextronics in the ordinary course of their duties, or on the
advice of legal counsel for Flextronics, or on information or records given or
reports made to Flextronics by an

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independent certified public accountant or by an appraiser or other expert
selected by Flextronics, or by any other Person (including legal counsel,
accountants and financial advisors) as to matters the Indemnitee reasonably
believes are within such other Person’s professional or expert competence and
who has been selected with reasonable care by or on behalf of Flextronics. In
connection with any determination as to whether the Indemnitee is entitled to
indemnification hereunder, the Indemnitee shall be entitled to the presumption
that he or she has satisfied the applicable standard of conduct and is entitled
to indemnification, and the burden of proof shall be on the Company to
establish, by clear and convincing evidence, that the Indemnitee is not so
entitled. The provisions of this Section 4.1 shall not be deemed to be exclusive
or to limit in any way the other circumstances in which the Indemnitee may be
deemed to have met the applicable standard of conduct set forth in this
Agreement. In addition, the knowledge or actions, or failures to act, of any
other Person serving Flextronics shall not be imputed to the Indemnitee for the
purposes of determining his or her right to indemnification hereunder.
          4.2 Partial Indemnification. If the Indemnitee is entitled under any
provision of this Agreement to indemnification by the Company for some or a
portion of any Expenses or Losses incurred by him or her, but is not entitled to
indemnification for all of the total amount thereof, then the Company shall
nevertheless indemnify the Indemnitee for such total amount except as to the
portion thereof to which the Indemnitee is not entitled to indemnification. For
the avoidance of doubt, if the Indemnitee is not wholly successful in any
Proceeding but is successful, on the merits or otherwise, as to one or more but
less than all claims, issues or matters in any Proceeding, the Company shall
indemnify the Indemnitee in connection with each successfully resolved claim,
issue or matter. The Indemnitee’s satisfaction of the applicable standard of
conduct described in Section 4.1 with respect to a particular claim, issue or
matter shall be considered a successful resolution as to such claim, issue or
matter. Furthermore, subject to the provisions of the Law, for purposes of this
Agreement, and without limitation, the termination of any claim, issue or matter
by dismissal with or without prejudice shall be deemed to be a successful
resolution as to such claim, issue or matter. In any review or Proceeding to
determine the extent of indemnification, the Company shall bear the burden to
establish, by clear and convincing evidence, the lack of a successful resolution
of a particular claim, issue or matter and which amounts sought in indemnity are
allocable to claims, issues or matters which were not successfully resolved.
          4.3 Contribution. To the fullest extent permissible under applicable
law, if the indemnification and hold harmless rights provided in Section 3 are
unavailable to the Indemnitee in whole or in part in respect of any Proceeding
in which the Company is jointly liable with Indemnitee (or would be if joined in
such Proceeding), the Company shall pay, in the first instance, the entire
amount of any judgment or settlement of such Proceeding without requiring the
Indemnitee to contribute to such payment, and the Company hereby waives and
relinquishes any right of contribution it may have against the Indemnitee. The
Company shall not enter into any settlement in any Proceeding in which the
Company is jointly liable with the Indemnitee (or would be if joined in such
Proceeding) unless such settlement provides for a full and final release of all
claims asserted against the Indemnitee. The Company hereby agrees to fully
indemnify and hold harmless the Indemnitee from any claims for contribution
which may be brought by any Agent of the Company other than the Indemnitee who
may be jointly liable with the Indemnitee.

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     5. Mandatory Advancement of Expenses. Subject to Section 8 below, to the
fullest extent permitted by law, the Company shall advance all Expenses incurred
or to be incurred by the Indemnitee in connection with any Proceeding, including
in connection with the investigation, defense, settlement or appeal of any such
Proceeding, or any action, discovery event, claim, issue or matter therein or
related thereto, to which the Indemnitee was or is made, or is threatened to be
made, a party to or a participant in (as a witness or otherwise) by reason of
the fact that he or she is or was an Agent, or by reason of anything done or not
done by him or her in such capacity. The Indemnitee hereby undertakes to
promptly repay such amounts advanced only if, and to the extent that, it shall
ultimately be determined that the Indemnitee is not entitled to be indemnified
by the Company under the provisions of this Agreement, the Certificate of
Incorporation or By-Laws of the Company, the Law or otherwise. The advances to
be made hereunder shall be paid from time to time, whether prior to or after the
final disposition of any Proceeding, by the Company to the Indemnitee within ten
(10) days following delivery of a written request therefor by the Indemnitee to
the Company and the presentation to the Company of an invoice or other
substantiation of the specific nature and amount of each Expense to be advanced
by the Company. Such advances shall be unsecured, interest free and shall be
made without regard to the Indemnitee’s ability to repay the Expenses and
without regard to the Indemnitee’s ultimate entitlement to indemnification under
the other provisions of this Agreement. In the event that the Company advances
an amount in excess of any properly documented Expense, the Indemnitee shall
return such excess to the Company within ten (10) days of (i) the discovery by
the Indemnitee of the excess of such advance or (ii) the notification by the
Company of its discovery of the excess of such advance. The Indemnitee’s right
to advancement of Expenses hereunder is absolute and shall not be subject to any
prior determination by any Person that the Indemnitee has satisfied any
applicable standard of conduct for indemnification.
     6. Notice and Other Indemnification Procedures.
          6.1 Notice and Request for Indemnification. The Indemnitee agrees to
promptly notify the Company in writing upon being served with any summons,
citation, subpoena, complaint, indictment, information or other notice of the
commencement of or the threat of the commencement of any Proceeding, if the
Indemnitee believes that indemnification with respect thereto may be sought from
the Company under this Agreement. The failure of the Indemnitee to so notify the
Company shall not relieve the Company of any obligation which it may have to the
Indemnitee under this Agreement or otherwise. The Indemnitee shall at such time
or at any time thereafter deliver to the Company a written request for
indemnification in accordance with this Agreement. Any such request may be
delivered at such time or times as the Indemnitee deems appropriate in his or
her sole discretion. Promptly following such request for indemnification, the
Indemnitee’s entitlement to indemnification shall be determined in accordance
with the terms and conditions of this Agreement, including, as applicable,
Section 7 hereof.
          6.2 Notice to D&O Insurance Providers. At the time of the receipt of a
notice of the commencement of a Proceeding pursuant to Section 6.1 hereof, the
Company shall give prompt notice of the commencement of such Proceeding to the
providers of D&O Insurance then in effect in accordance with the procedures set
forth in the respective policies. The Company shall thereafter take all
necessary or desirable action to cause such insurers to pay, on behalf of

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the Indemnitee, all amounts payable as a result of such Proceeding in accordance
with the terms of such D&O Insurance policies.
          6.3 Assumption of Defense. In the event the Company shall be obligated
to advance Expenses to the Indemnitee and so long as there shall not have
occurred a Change in Control, the Company shall be entitled to assume the
defense of such Proceeding, with counsel approved by the Indemnitee (which
approval shall not be unreasonably withheld), upon the delivery to the
Indemnitee of written notice of its election to do so. After delivery of such
notice, approval of such counsel by the Indemnitee and the retention of such
counsel by the Company, the Company will not be liable to the Indemnitee under
this Agreement for any fees and Expenses of counsel subsequently incurred by the
Indemnitee with respect to the same Proceeding, provided that: (a) the
Indemnitee shall have the right to employ his or her own counsel in any such
Proceeding at the Indemnitee’s sole expense (not to be reimbursed or otherwise
indemnified or paid by the Company); (b) the Indemnitee shall have the right to
employ his or her own counsel in connection with any such Proceeding, at the
expense of the Company, if such counsel serves in a reviewer, observer, advice
and counseling capacity and does not otherwise materially control or participate
in the defense of such Proceeding; and (c) if (i) the employment of counsel by
the Indemnitee has been previously authorized by the Company, (ii) the
Indemnitee shall have reasonably concluded that there may be a conflict of
interest between the Company and the Indemnitee in the conduct of any such
defense or (iii) the Company shall not, in fact, have employed counsel to assume
the defense of such Proceeding, then the fees and Expenses of the Indemnitee’s
counsel shall be at the expense of the Company. The Company shall not settle any
action, claim or Proceeding (in whole or in part) which would impose any
Expense, Loss or limitation on the Indemnitee without the Indemnitee’s prior
written consent.
     7. Procedure Upon Application for Indemnification.
          7.1 Determination of Right to Indemnification. A determination, if
required by applicable law, with respect to the Indemnitee’s entitlement to
indemnification pursuant to this Agreement shall be made in the specific case by
one of the following methods, which shall be at the election of the Indemnitee:
               (a) By a majority vote of all of the directors who are not
parties to the Proceeding for which indemnification is being sought, even if
less than a quorum;
               (b) By a committee of disinterested directors designated by a
majority of the disinterested directors, even if less than a quorum;
               (c) By Independent Counsel in a written opinion to the Board, a
copy of which shall be delivered to the Indemnitee;
               (d) By the stockholder of the Company; or
               (e) By the court in which the Proceeding is or was pending.
     The Indemnitee shall reasonably cooperate with the Person or Persons making
such determination with respect to the Indemnitee’s entitlement to
indemnification, including

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providing upon reasonable advance request any documentation or information which
is not privileged or otherwise protected from disclosure and which is reasonably
available to the Indemnitee and which is reasonably necessary to such
determination.
          7.2 Payment. If the Indemnitee is entitled to indemnification under
this Agreement, payment to the Indemnitee shall be made within ten (10) days
following the request for indemnification under Section 6.1 (or, if a
determination is required by applicable law, following such determination) and
the presentation to the Company of an invoice or other substantiation of the
specific nature and amount of each indemnifiable Expense or Loss, as determined
necessary and appropriate by the Company. In the event that the Company pays or
reimburses an amount in excess of any properly documented indemnifiable Expense
or Loss, the Indemnitee shall return such excess to the Company within ten
(10) days of (i) the discovery by the Indemnitee of the excess payment or
reimbursement or (ii) the notification by the Company of its discovery of the
excess payment or reimbursement.
          7.3 Appeals. If the forum selected in accordance with Section 7.1
hereof is not a court, then after the final decision of such forum is rendered,
the Company or the Indemnitee shall have the right to apply to the court having
jurisdiction of such matter and the parties, the court in which the Proceeding
giving rise to the Indemnitee’s claim for indemnification is or was pending or
any other court of competent jurisdiction, for the purpose of appealing the
decision of such forum, provided that such right is executed within [sixty (60)]
days after the final decision of such forum is rendered. If the forum selected
in accordance with Section 7.1 hereof is a court, then the rights of the Company
or the Indemnitee to appeal any decision of such court shall be governed by the
applicable laws and rules governing appeals of the decision of such court.
          7.4 Independent Counsel. In the event the determination of entitlement
to indemnification is to be made by Independent Counsel pursuant to Section 7.1
hereof, the Independent Counsel shall be selected as provided in this
Section 7.4. The Independent Counsel shall be selected by the Indemnitee (unless
the Indemnitee shall request that such selection be made by the Board), and the
Indemnitee shall give written notice to the Company advising it of the identity
of the Independent Counsel so selected. If the Independent Counsel is selected
by the Board, the Board shall give written notice to the Indemnitee advising him
or her of the identity of the Independent Counsel so selected. In either event,
the Indemnitee or the Company, as the case may be, may, within ten (10) days
after receipt of such written notice, deliver to the Company or the Indemnitee,
as the case may be, a written objection to such selection if the Independent
Counsel does not meet the requirements set forth in the definition of
Independent Counsel. In such event, the objection shall set forth with
particularity the factual basis for such objection and the Person so selected
shall not serve as Independent Counsel unless the objection is withdrawn or a
court of competent jurisdiction has determined that such objection is without
merit. If, within twenty (20) days of the election by the Indemnitee under
Section 7.1, no Independent Counsel has been selected and not objected to,
either the Company or the Indemnitee may petition a court of competent
jurisdiction for resolution of any objection to a selection of Independent
Counsel or for the appointment of Independent Counsel by the court, and such
Person with respect to whom all objections are so resolved or the Person so
appointed shall act as Independent Counsel under Section 7.1. The Company shall
pay all fees and Expenses of Independent Counsel and agrees to fully indemnify
and hold harmless such

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Independent Counsel against any and all Expenses and Losses arising out of or
relating to this Agreement.
          7.5 Enforcement of Agreement. Notwithstanding any other provision in
this Agreement to the contrary, the Company shall indemnify the Indemnitee
against all Expenses incurred by the Indemnitee in connection with the exercise
or defense of his or her rights under this Section 7 and against all Expenses
incurred by the Indemnitee in connection with any Proceeding between the Company
and the Indemnitee involving the interpretation or enforcement of the rights of
the Indemnitee under this Agreement, unless a court of competent jurisdiction
finds that the Indemnitee’s claims and/or defenses in any such Proceeding were
frivolous or made in bad faith.
     8. Exceptions. Any other provision herein to the contrary notwithstanding,
the Company shall not be obligated pursuant to the terms of this Agreement:
          8.1 Claims Initiated by Indemnitee. To indemnify or advance Expenses
to the Indemnitee with respect to Proceedings or claims initiated or brought
voluntarily by the Indemnitee and not by way of defense, except with respect to
Proceedings specifically authorized by the Board or brought to establish or
enforce a right to indemnification and/or advancement of Expenses arising under
this Agreement, the charter documents of the Company, or any statute or law or
otherwise;
          8.2 Amounts Covered by Insurance. To indemnify or advance Expenses to
the Indemnitee for any Expenses or Losses to the extent such Expenses or Losses
have been paid directly to the Indemnitee by any D&O Insurance policy or
pursuant to any other agreement or otherwise, whether paid by the Company or any
other Person;
          8.3 Unauthorized Settlements. To indemnify the Indemnitee hereunder
for any amounts paid in settlement of a Proceeding unless the Company consents
in advance in writing to such settlement, which consent shall not be
unreasonably withheld or delayed;
          8.4 Securities Law Actions. To indemnify the Indemnitee on account of
any suit in which judgment is rendered against the Indemnitee for an accounting
of profits made from the purchase or sale by the Indemnitee of securities
pursuant to the provisions of Section 16(b) of the Securities Exchange Act of
1934, as amended (the “Exchange Act”); or
          8.5 Sarbanes-Oxley Act. To indemnify the Indemnitee for any
reimbursement by the Indemnitee of any bonus or other incentive-based or
equity-based compensation or of any profits realized by the Indemnitee from the
sale of securities, as required in each case under the Exchange Act (including
any such reimbursements that arise from an accounting restatement pursuant to
Section 304 of the Sarbanes-Oxley Act of 2002 (the “Sarbanes-Oxley Act”), or the
payment of profits arising from the purchase and sale by the Indemnitee of
securities in violation of Section 306 of the Sarbanes-Oxley Act.
     9. Non-Exclusivity. The provisions for indemnification and advancement of
Expenses set forth in this Agreement shall not be deemed exclusive of any other
rights which the Indemnitee may have under any provision of law, the Company’s
Certificate of Incorporation or By-Laws, the vote of the Company’s stockholder
or disinterested directors, other agreements or

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otherwise, both as to actions or failures to act in the Indemnitee’s official
capacity and to actions or failures to act in another capacity while occupying
his or her position as an Agent, and the Indemnitee’s rights hereunder shall
continue after the Indemnitee has ceased acting as an Agent of the Company and
shall inure to the benefit of the heirs, executors and administrators of the
Indemnitee. No right or remedy herein conferred is intended to be exclusive of
any other right or remedy, and every other right and remedy shall be cumulative
and in addition to every other right and remedy given hereunder or now or
hereafter existing at law or in equity or otherwise. The assertion or employment
of any right or remedy hereunder, or otherwise, shall not prevent the concurrent
assertion or employment of any other right or remedy.
     10. Definitions. In addition to the other terms defined herein, for the
purposes of this Agreement, the following terms have the following meanings when
used herein with initial capital letters:
          10.1 “Agent” means any Person who (i) is or was a director, officer,
employee, fiduciary or other official of the Company; or (ii) is or was serving
at the request of, for the convenience of, or to represent the interests of the
Company or FIL as a director, officer, advisory director, trustee, manager,
member, partner, employee, agent, fiduciary, or in any other similar capacity of
another foreign or domestic corporation, partnership, joint venture, trust or
other enterprise, including, without limitation, serving as a director and/or
officer of FIL. As used herein, the term “enterprise” includes any employee
benefit plan of the Company, its Subsidiaries, affiliates and predecessor
corporations. A Person who acted in good faith and in a manner he or she
reasonably believed to be in the best interests of the participants and
beneficiaries of an employee benefit plan shall be deemed to have acted in a
manner “in the best interests of the Company” as referred to in this Agreement.
          10.2 A “Change in Control” shall be deemed to occur upon the earliest
of the following events:
               (a) Any Person is or becomes the beneficial owner (within the
meaning of Rule 13d-3 promulgated under the Exchange Act), directly or
indirectly, of securities of FIL representing twenty percent (20%) or more of
the combined voting power of FIL’s then outstanding voting securities, except
that any change in the relative beneficial ownership of FIL’s voting securities
by any Person resulting solely from a reduction in the aggregate number of
outstanding shares of voting securities shall be disregarded.
               (b) During any period of two (2) consecutive years (not including
any period prior to the execution of this Agreement), individuals who at the
beginning of such period constitute the board of directors of FIL, and any new
director whose election by the board of directors of FIL or nomination for
election by FIL’s shareholders was approved by a vote of at least two-thirds of
the directors then still in office who either were directors at the beginning of
the period or whose election or nomination for election was previously so
approved, cease for any reason to constitute at least a majority of the members
of the board of directors of FIL;
               (c) The effective date of a merger or consolidation of FIL with
any other entity, other than a merger or consolidation which would result in the
voting securities of FIL outstanding immediately prior to such merger or
consolidation continuing to represent

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(either by remaining outstanding or by being converted into voting securities of
the surviving entity) more than 51% of the combined voting power of the voting
securities of the surviving entity outstanding immediately after such merger or
consolidation and with the power to elect at least a majority of the board of
directors or other governing body of such surviving entity;
               (d) The approval by the shareholders of FIL of a complete
liquidation of FIL or an agreement for the sale or disposition by FIL of all or
substantially all of its assets; and
               (e) There occurs any other event of a nature that would be
required to be reported in response to Item 6(e) of Schedule 14A of
Regulation 14A (or a response to any similar item on any similar schedule or
form) promulgated under the Exchange Act, whether or not FIL is then subject to
such reporting requirement.
          10.3 “Expenses” means (i) all attorney’s fees and costs, retainers (as
an advance for services to be rendered or expenses to be incurred), court costs,
transcript costs, fees of experts, witness fees, travel expenses, duplicating
costs, printing and binding costs, telephone charges, postage, delivery service
fees, and all other disbursements or costs incurred in connection with
prosecuting, defending, preparing to prosecute or defend, investigating, being
or preparing to be a witness in, otherwise participating in any Proceeding, or
any action, discovery event, claim issue or matter therein or related thereto,
or establishing or enforcing a right to indemnification or advancement of
Expenses under this Agreement, Section 317 of the Law or otherwise and (ii) any
such Expenses incurred in connection with any appeal resulting from any
Proceeding, including without limitation, the premium, security for, and other
costs relating to any cost bond, supersedeas bond, or other appeal bond or its
equivalent.
          10.4 “Fines” shall include any excise tax assessed with respect to any
employee benefit plan.
          10.5 “Independent Counsel” means a law firm, or a member of a law
firm, that is experienced in matters of Delaware corporation law and, unless
otherwise consented to in writing by the Company and the Indemnitee, neither
presently is, nor in the past five years has been, retained to represent:
(i) Flextronics or the Indemnitee in any matter material to either such party
(other than with respect to matters concerning the Indemnitee under this
Agreement, or of other indemnitees under similar indemnification agreements), or
(ii) any other party to the Proceeding giving rise to a claim for
indemnification hereunder. Notwithstanding the foregoing, unless otherwise
consented to in writing by the Company and the Indemnitee, the term “Independent
Counsel” shall not include any person who, under the applicable standards of
professional conduct then prevailing, would have a conflict of interest in
representing either the Company or the Indemnitee in an action to determine
Indemnitee’s rights under this Agreement.
          10.6 “Person” means any individual, corporation, partnership, limited
liability company, joint venture, association, other entity or organization or
any group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities
Exchange Act of 1934, as amended, and the rules and regulations promulgated
thereunder).

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          10.7 “Proceeding” means any threatened, pending or completed action,
suit arbitration, proceeding, alternate dispute resolution mechanism,
investigation, inquiry, administrative hearing or any other actual threatened,
or completed proceeding, whether brought in the right of the Company or
otherwise and whether of a civil (including intentional or unintentional tort
claims), criminal, administrative or investigative nature, or in any bankruptcy
case or related proceeding, in which the Indemnitee was, is or will be involved
as a party, a witness or otherwise by reason of the fact that the Indemnitee is
or was an Agent.
          10.8 “Subsidiary” means, in respect of any Person, any corporation,
partnership or other business entity of which more than fifty percent (50%) of
the outstanding voting power of shares of capital stock or other interests
(including partnership interests) entitled (without regard to the occurrence of
any contingency) to vote in the election of directors, managers or trustees
thereof is at the time owned or controlled, directly or indirectly, by such
Person, by such Person and one or more of its other subsidiaries or by one or
more of such Person’s other subsidiaries.
     11. General Provisions.
          11.1 Interpretation of Agreement. It is understood that the parties
hereto intend this Agreement to be interpreted and enforced so as to provide
indemnification and advancement of Expenses to the Indemnitee to the fullest
extent now or hereafter permitted by law, except as expressly limited herein.
The Company expressly confirms and agrees that it has entered into this
Agreement and assumed the obligations imposed on it hereby in order to induce
the Indemnitee to serve as an Agent, and the Company acknowledges that the
Indemnitee is relying upon this Agreement in serving as an Agent.
          11.2 Severability. If any provision or provisions of this Agreement
shall be held to be invalid, illegal or unenforceable for any reason whatsoever,
then: (a) the validity, legality and enforceability of the remaining provisions
of this Agreement (including, without limitation, all portions of any paragraphs
of this Agreement containing any such provision held to be invalid, illegal or
unenforceable that are not themselves invalid, illegal or unenforceable) shall
not in any way be affected or impaired thereby; (b) such provision or provisions
shall be deemed reformed to the extent necessary to conform to applicable law;
and (c) to the fullest extent possible, the provisions of this Agreement
(including, without limitation, all portions of any paragraphs of this Agreement
containing any such provision held to be invalid, illegal or unenforceable, that
are not themselves invalid, illegal or unenforceable) shall be construed so as
to give effect to the intent manifested by the provision held invalid, illegal
or unenforceable and to give effect to the intent manifested hereby.
          11.3 Duration of Agreement. This Agreement shall continue until and
terminate upon the later of (a) ten (10) years after the date that the
Indemnitee shall have ceased to serve as an Agent, or (b) one (1) year after the
final termination of any Proceeding then pending in respect of which the
Indemnitee is granted rights of indemnification or advancement of Expenses
hereunder and of any Proceeding commenced by the Indemnitee pursuant to enforce
the Indemnitee’s rights under this Agreement.

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          11.4 Modification and Waiver. No supplement, modification or amendment
of this Agreement shall be binding unless executed in writing by both of the
parties hereto. No waiver of any of the provisions of this Agreement shall be
deemed to be or shall constitute a waiver of any other provision hereof (whether
or not similar), nor shall such waiver constitute a continuing waiver.
          11.5 Subrogation. In the event of any payment under this Agreement,
the Company shall be subrogated to the extent of such payment to all of the
rights of recovery of the Indemnitee, who shall execute all papers required and
take all action necessary to secure such rights, including execution of such
documents as are necessary to enable the Company to bring suit to enforce such
rights.
          11.6 Counterparts. This Agreement may be executed by facsimile and in
one or more counterparts, each of which shall for all purposes be deemed to be
an original and all of which shall together constitute one and the same
agreement.
          11.7 Entire Agreement. Except as expressly set forth in this
Agreement, this Agreement constitutes the entire agreement between the parties
hereto with respect to the subject matter hereof and supersedes all prior
agreements and understandings, oral, written and implied, between the parties
hereto with respect to the subject matter hereof.
          11.8 Successors and Assigns. The terms of this Agreement shall bind,
and shall inure to the benefit of, the successors and assigns of the parties
hereto. The Company shall require and cause any successor (whether direct or
indirect by purchase, merger, consolidation or otherwise) to all, substantially
all or a substantial part, of the business and/or the assets of the Company, by
written agreement in form and substance satisfactory to the Indemnitee,
expressly to assume and agree to perform this Agreement in the same manner and
to the same extent that the Company would be required to perform if no such
succession had taken place.
          11.9 Notice. All notices, requests, demands and other communications
under this Agreement shall be in writing and shall be deemed duly given if
(i) delivered by hand and signed for by the party addressee, (ii) mailed by
certified or registered mail, with postage prepaid, on the third business day
after the mailing date or (iii) sent by prepaid overnight mail, signature
required for delivery on the next business day:
               (a) If to the Indemnitee, at the address indicated on the
signature page of this Agreement, or such other address as Indemnitee shall
provide in writing to the Company; and
               (b) If to the Company, to

                    Flextronics Corporation
                    305 Interlocken Parkway
                    Broomfield, CO 80021
                    Attention: General Counsel
or to any other address as may have been furnished by the Company to the
Indemnitee in writing.

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          11.10 Governing Law. This Agreement shall be governed exclusively by
and construed according to the laws of the State of Delaware, without giving
effect to any conflict of laws principle which would result in the application
of the laws of any other jurisdiction.
          11.11 Consent to Jurisdiction. The Company and the Indemnitee each
hereby irrevocably and unconditionally (i) consent to the jurisdiction of the
courts of the State of Delaware for all purposes in connection with any action
or Proceeding that arises out of or relates to this Agreement, (ii) waive any
objection to the laying of venue of any such action or Proceeding in such courts
and (iii) waive, and agree not to plead or to make, any claim that any such
action or Proceeding brought in such courts has been brought in an improper or
inconvenient forum.
          11.12 Injunctive Relief. The Company and the Indemnitee agree herein
that a monetary remedy for breach of this Agreement, at some later date, may be
inadequate, impracticable and difficult to prove, and further agree that such
breach may cause the Indemnitee irreparable harm. Accordingly, the parties
hereto agree that the Indemnitee may enforce this Agreement by seeking
injunctive relief and/or specific performance hereof, without any necessity of
showing actual damage or irreparable harm and that by seeking injunctive relief
and/or specific performance, the Indemnitee shall not be precluded from seeking
or obtaining any other relief to which he or she may be entitled, and shall not
be required to post bonds or make any other undertaking in connection therewith.
          11.13 Miscellaneous. The section headings of this Agreement are
inserted for convenience only and shall not be deemed to constitute a part of
this Agreement or to affect the construction thereof.
[The remainder of this page is intentionally left blank.]

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     IN WITNESS WHEREOF, the parties hereto have entered into this Agreement
effective as of the date first written above.

            FLEXTRONICS CORPORATION
      By:           Name:           Title:        

            INDEMNITEE
      By:           Name:           Address:
 

 
     

[SIGNATURE PAGE TO INDEMNIFICATION AGREEMENT]

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