Exhibit 10.2

SLSI-201304IA001-1

FOUNDRY SERVICES AGREEMENT

This Foundry Services Agreement (“Agreement”) is entered into on 27th June, 2013
(the “Effective Date”) by and between Samsung Electronics Co., Ltd., a company
duly incorporated under the laws of the Republic of Korea, acting through its
System LSI Division, with principal offices located at San #24, Nonseo-Dong,
Giheung-Gu, Yongin-City, Gyeonggi-Do, 449-711 Korea (“Samsung” or “Seller”), and
IXYS Intl Limited, a corporation organized under the laws of the Cayman Islands,
with a principal place of business at the offices of Intertrust Cayman Islands,
190 Elgin Avenue, George Town, Grand Cayman, KY1-9005 Cayman Islands (“IXYS” or
“Purchaser”).

RECITALS

WHEREAS, Samsung and IXYS are parties to that certain Asset Purchase Agreement
dated on May 25th, 2013 (the “APA,” Samsung document number SLSI-201304IA001)
pursuant to which, among other things, IXYS is purchasing or otherwise acquiring
rights relating to the Business (as defined in the APA) pursuant to a series of
transactions contemplated in the APA (collectively, the “Transaction”);

WHEREAS, in connection with the Transaction, the parties have agreed that,
commencing on the Effective Date, Samsung will provide certain manufacturing
services for the Business Products (as defined in the APA) to IXYS using
Samsung’s *** process ***; and

WHEREAS, in connection with the Transaction, IXYS desires Samsung to manufacture
and supply Business Products to IXYS as more fully described in an applicable
Foundry Project Statement and Samsung desires to provide such manufacturing
services to IXYS in accordance with the terms and conditions set forth in this
Agreement.

NOW, THEREFORE, in consideration of the promises set forth herein, and for other
good and valuable considerations, the parties hereby agree as follows:

AGREEMENT

 

1

Definitions

Unless otherwise defined in this Section 1, any capitalized terms used in this
Agreement will have the meanings set forth in the APA and shall apply to both
their singular and plural forms, as the context may require.

 

1.1

“Confidential Information” shall mean all business, financial, contractual,
marketing and/or other technical or non-technical information, in whatever form,
which is disclosed, or to which access is provided under and/or in furtherance
of this Agreement, by a party hereto (“Discloser”) to the other party to this
Agreement (“Recipient”), which (a) if in writing, is marked as “confidential”,
“proprietary” or other similar marking at the time of disclosure, (b) if
provided orally, visually or in any other form (except in writing) such as
sample products or test boards, is identified as confidential at the time of
disclosure and confirmed in writing to Recipient within thirty (30) days of such
disclosure, or (c) would reasonably be deemed in the context of its disclosure
to be confidential or proprietary.

 

***Certain confidential information contained in this document, marked with 3
asterisks (***), has been omitted and filed separately with the Securities and
Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of
1934, as amended.

 

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1.2

“IXYS Background IP” shall mean all Intellectual Property in or to any IXYS
Deliverables, owned by IXYS and/or its licensors (excluding Samsung)

 

1.3

“IXYS Business Products” means all products manufactured under the *** process
and/or provided by Samsung to IXYS under this Agreement that are IXYS versions
of the Business Products and substantially the same as one of the Business
Products.

 

1.4

“IXYS Deliverables” shall mean any information and materials provided to Samsung
by IXYS to be utilized by Samsung in the development and/or fabrication of
and/or incorporation into the Product hereunder, including, without limitation,
software, schematics, netlists, microcode, GDSII data, designs or techniques,
including those identified as such in the applicable SOW.

 

1.5

“Delivery Date” means the scheduled delivery date of Product set forth in the
applicable Purchase Order issued by IXYS and accepted by Samsung under this
Agreement.

 

1.6

“Die” means an individual integrated circuit or components of a Product which
when completed create an integrated circuit.

 

1.7

“Engineering Sample” shall mean sample Product(s) in wafer, Die or Package form
provided to IXYS for purposes of promotion, evaluation and verification of a
revised mask set.

 

1.8

“Manufacturing Window” means the period of time prior to the Delivery Date which
is equal to the Standard Lead Time.

 

1.9

“Mask and Prototyping Services” shall mean all engineering services provided
under this Agreement by Samsung to IXYS as more fully set forth in Section 2
below and in the applicable SOW.

 

1.10

“Monthly Wafer Limit” shall mean *** wafers per month from the Effective Date
until the date four years thereafter.

 

1.11

“Package” shall mean a encapsulated casing of a Die providing an electronic
connecting path to external circuits from the encapsulated Die, when all
assembly processes are complete.

 

1.12

“Product” shall mean an IXYS Business Product, in wafer, Die or Package form,
manufactured under this Agreement as more fully set forth in the Foundry Project
Statement. Each Product may contain Samsung Deliverables and/or IXYS
Deliverables and have a new product name different from that of the Business
Product.

 

1.13

“Product Specification” shall mean the specifications for the Product or
revision target to the Product set forth in Annex A of each Revision Project
Statement, which shall be mutually agreed in writing by the parties prior to the
signing of each Revision Project Statement.

 

1.14

“Revision Project Statement” shall mean a project statement document executed by
both parties specific to a particular Product as set forth in Section 2 of this
Agreement that will include a description of Mask and Prototyping Services,
Product Specification, SOWs, Mask and Prototyping Fees and/or other provisions,
as applicable.

 

***Certain confidential information contained in this document, marked with 3
asterisks (***), has been omitted and filed separately with the Securities and
Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of
1934, as amended.

 

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1.15

“Foundry Project Statement” shall mean a project statement document executed by
both parties that makes reference to this Agreement and that will include a
description of Product, SOWs, Product Price, yield assumption and/or other
provisions, as applicable.

 

1.16

“Project Results” shall mean the results and items set forth in the SOW which
arise out of the Mask and Prototyping Services performed by Samsung for IXYS
hereunder for delivery to IXYS.

 

1.17

“Samsung Background IP” shall mean all Intellectual Property in or to any
Samsung Deliverables, owned by Samsung and/or its licensors (excluding IXYS),
including, without limitation, those contained in processes, libraries, cells,
design kits, and the technologies and information disclosed to IXYS under this
Agreement.

 

1.18

“Samsung Deliverables” shall mean any information and materials supplied and/or
licensed to IXYS by Samsung, to be utilized by IXYS in the development of or
otherwise incorporated into the Product hereunder, including, without
limitation, relevant documentations, software, schematics, netlists, microcode,
designs, processes, libraries, cells, and/or design kits, including those set
forth in SOW.

 

1.19

“Statement of Work” or “SOW” shall mean the statement of work shown in Annex B
of the Revision Project Statement, which sets forth a description of the
estimated work to be performed by the parties for Mask and Prototyping Services
thereunder.

 

1.20

“Standard Lead Time” means the lead time mutually agreed upon by the parties and
set forth in each Purchase Order.

 

2

Mask and Prototyping Services

 

2.1

In the event that IXYS decides to revise the design of a Product and/or replace
the mask set of a Product, in whole or in part, due to bug fixes, customer
requests or otherwise, Samsung will provide the Samsung Deliverables set forth
in the SOW of the applicable Revision Project Statement. IXYS shall redesign
certain parts of such Product based on and in accordance with Samsung
Deliverables, provide the resulting design data in GDSII form to Samsung, and
reasonably assist Samsung with manufacturing Engineering Samples hereunder.
Subject to IXYS’ payment of Mask and Prototyping Fees as set forth in
Section 6.1, Samsung shall make the revised mask set, and manufacture and
provide to IXYS the number of Engineering Samples set forth in the SOW of the
applicable Revision Project Statement. Such Mask and Prototyping Services may
include, but not be limited to, physical verification, tape-out, wafer
fabrication and/or Engineering Sample delivery, as more fully set forth in the
applicable SOW. Detailed terms and schedules of the Mask and Prototyping
Services for a particular Product shall be set forth in the applicable Revision
Project Statement.

 

2.2

Upon receipt of the Engineering Sample, IXYS shall have *** days to evaluate
whether such Engineering Sample conforms to the Product Specification (“ES
Acceptance Period”). If the Engineering Sample conforms to the Product
Specifications, as determined by IXYS in its reasonable, good faith judgment,
IXYS shall accept such Engineering Sample and notify Samsung in writing thereof.
If the Engineering Sample does not conform to the Product Specifications, IXYS
shall notify Samsung thereof in writing within the ES Acceptance Period with a
detailed description of the non-conformity to be fixed. If such non-conformity
is solely attributable to Samsung, Samsung shall, at

 

***Certain confidential information contained in this document, marked with 3
asterisks (***), has been omitted and filed separately with the Securities and
Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of
1934, as amended.

 

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its cost, fix such non-conformity, and manufacture an additional Engineering
Sample, and deliver such Engineering Sample to IXYS. If such non-conformity is
not attributable to Samsung, IXYS shall, at its cost, fix such non-conformity,
and Samsung shall, within the scope of Samsung’s responsibility defined in the
Revision Project Statement, and IXYS’s expense, provide reasonable collaboration
to IXYS to fix such non-conformity, manufacture an additional Engineering
Sample, and deliver such Engineering Sample to IXYS. For clarity, if IXYS does
not provide any notice of non-conformity within the ES Acceptance Period, the
applicable Engineering Sample shall be deemed to be accepted by IXYS, and
Samsung shall be under no obligation to fix any non-conformity with respect to
such Engineering Sample thereafter.

 

2.3

Samsung shall deliver the Engineering Sample(s) on EXW basis per Incoterms 2010,
at an international airport in Korea agreed in writing by the parties. Title to
and risk of loss of the Engineering Sample(s) will transfer upon delivery
thereof in accordance with the foregoing sentence.

 

2.4

If the Engineering Sample(s) conforms to the Product Specification pursuant to
Section 2.2, the parties shall discuss in good faith on whether the Product is
ready to be manufactured in commercial volumes.

 

3

Commercial Production

 

3.1

In the event that both parties determine that the Product is ready to be
manufactured in commercial volumes, IXYS shall provide Samsung with rolling
demand forecasts for the delivery of each Product (“Forecast”). Particularly,
IXYS shall provide two types of non-binding Forecasts.

 

  3.1.1 Long Term Forecast. The “Long Term Forecast” is a non-binding,
good-faith estimate, at the time such Forecast is made, of IXYS’ demand of each
Product described on a monthly basis for the following *** month period. The
Long Term Forecast shall be provided by IXYS to Samsung no later than the ***
day of every calendar month, and is provided for the purpose of assisting
Samsung in its long-range planning for manufacturing capacity and capital needs
to meet such Long Term Forecast.

 

  3.1.2 Short Term Forecast. The “Short Term Forecast” is a non-binding (unless
accepted by Samsung as detailed in Section 3.1.3) good faith estimate, at the
time such Short Term Forecast is made, of IXYS’ demand of each Product described
on a weekly basis for the following *** month (n+***) period. IXYS shall provide
Samsung with the Short Term Forecast no later than the *** day of each month.

 

  3.1.3 Within *** calendar days of receipt of the Short Term Forecast, Samsung
shall respond to IXYS in writing on whether it accepts such Short Term Forecast.
Once accepted by Samsung, the Short Term Forecast shall become binding on both
parties. Samsung shall accept all Short Term Forecasts that are consistent with
the Monthly Wafer Limit. If Samsung fails to respond to a Short Term Forecast
within the foregoing ***-calendar day period, then such Short Term Forecast
shall be deemed to have been accepted by Samsung.

 

  3.1.4 If the purchase volume ordered by Purchase Order is less than *** of the
quantities set forth in the Short Term Forecast, IXYS shall pay to Samsung
within *** days of the applicable Purchase Order date an amount equal to *** of
the purchase price (set forth in the Foundry Project Statement) for each unit of
such purchase shortfall. Any such payment shall be compensation in full for such
purchase shortfall.

 

***Certain confidential information contained in this document, marked with 3
asterisks (***), has been omitted and filed separately with the Securities and
Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of
1934, as amended.

 

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3.2

IXYS may request to shorten Standard Lead Time of Product. Upon such request of
IXYS, Samsung will evaluate the request and use its commercially reasonable
effort to accept, at its sole discretion, IXYS’ request within Samsung’s
‘hot-lot’ capability; provided that Samsung may request additional charge for
the shortening of Standard Lead Time and the target lead time shall be discussed
by parties prior to the acceptance of such request.

 

3.3

At any time prior to the date that is three (3) business days prior to the
scheduled wafer start of any Product set forth in a applicable Purchase Order,
IXYS may change, on a lot-by-lot basis, the priority of fab-in sequence of such
Product within such Purchase Order, without charge, upon notice to Samsung.
Samsung shall provide IXYS with a written acknowledgement of such notice within
two (2) business days after Samsung’s receipt of such notice.

 

3.4

It is agreed and understood that the purchase of Products pursuant to this
Agreement shall be accomplished by means of IXYS individual purchase orders
(collectively referred to as “Purchase Orders”).

 

  3.4.1 The Purchase Orders shall contain applicable Product quantities, whether
the product will be in wafer, Die or Package form, at a price per Product
consistent with Section 1 of Annex B of the Foundry Project Statement (“Product
Price”) and a mutually agreed Delivery Date. IXYS shall provide Purchase Orders
with at least the quantity set forth in the then current Short Term Forecast
provided by IXYS and accepted by Samsung. Samsung shall accept all Purchase
Orders with quantities no greater than the quantities set forth in such Short
Term Forecast, but Samsung shall not be obligated to accept any quantities
exceeding those set forth in such Short Term Forecast and, notwithstanding any
other provision of this Agreement, any quantities of a Product set forth in a
Purchase Order in excess of the Monthly Wafer Limit. The parties shall have a
good faith discussion on accommodating quantities exceeding those set forth in
such Short Term Forecast or such Monthly Wafer Limit.

 

  3.4.2 The Purchase Orders shall contain, at a minimum, a quantity of ***
wafers per each Product and multiples of *** wafers.

 

3.5

Samsung will manufacture the Products in accordance with the Purchase Order
accepted by Samsung and will deliver such Products by the Delivery Date. Any
delivery or shipment made within fourteen (14) calendar days before or after the
Delivery Date(s) specified in the Purchase Orders shall constitute timely
delivery or shipment. If, in the case of any Purchase Order, Samsung is unable
to ship Products on the scheduled Delivery Date, Samsung shall notify IXYS in
writing as soon as reasonably possible thereof and the parties shall discuss to
agree upon a mutually acceptable rescheduled Delivery Date. In the event of any
such delay is solely attributable to Samsung or its subcontractor’s fault,
Samsung will, at its cost, expedite shipping for any late deliveries using
shippers reasonably acceptable to IXYS.

 

3.6

If the cumulative quantity shipped by Samsung of each Product ordered by IXYS is
within +/- ten (10) percent of the quantity in the effective Purchase Order,
such quantity shall constitute compliance with such Purchase Order. Billing for
partial orders shipped as described in this paragraph shall be at the
established purchase price per unit times the total quantity of units delivered.

 

3.7

After second anniversary of the Effective Date, Samsung may discontinue the
production of each Product upon six (6) month prior notice if IXYS has not
issued Purchase Orders for such Product i) for

 

***Certain confidential information contained in this document, marked with 3
asterisks (***), has been omitted and filed separately with the Securities and
Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of
1934, as amended.

 

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six (6) months prior to such notice; or ii) amounting to at least *** U.S.
Dollars ($***USD) during the previous one (1) year period. Samsung shall, in its
sole discretion, provide a Last Time Buy (“LTB”) date and Last Ship Date (“LSD”)
in such discontinuation notice. IXYS may issue to Samsung a one-time Purchase
Order for such Product as a LTB within *** month after the date of such Samsung
discontinuation notice. If there is no response within *** month after such
discontinuation notice, then Samsung reserves the right to discontinue the
production of such Product and destroy the mask set for such Product.

 

3.8

Samsung shall deliver Products on EXW basis per Incoterms 2010 to IXYS, at an
international airport in Korea agreed in writing by the parties. Title to and
risk of loss of the Products will transfer upon delivery thereof in accordance
with the foregoing sentence.

 

3.9

Prior to Samsung’s start of production, IXYS may cancel the Purchase Order at
any time without any charge. After Samsung starts production of applicable
Products in accordance with a Purchase Order, IXYS may cancel the Purchase
Orders for such Products but shall pay Purchase Price for such Products as
cancellation charges as follows :

 

Cancellation Period   Liability   Package business     Wafer or Die  business  
Prior to the initiation of Manufacturing Window   No Liability   No Liability

Initiation of Manufacturing Window ~

 Before contact step

  *** of Product Price   *** of Product Price On and after contact photo step ~
Before EDS test step   *** of Product Price   *** of Product Price

On and after EDS test step ~

Before assembly step

  *** of Product Price   *** of Product Price

On and after assembly step

 

 

*** of Product Price

 

 

-

 

 

3.10

IXYS may reschedule the Delivery Date set forth in each Purchase Order subject
to the following limitations:

 

  a)

Within *** days before the Delivery Date - no reschedules permitted.

  b)

Within *** days but greater than *** days before the Delivery Date – *** of the
order may be rescheduled one time only - for no more than *** days.

  c)

Within *** days but greater than *** days before the Delivery Date – *** of the
order may be rescheduled one time only - for no more than *** days

  d)

Reschedule requests are limited to *** per month.

 

3.11

Samsung reserves the right to make any and all reasonable changes to the
process(es) required to manufacture the Products and will notify IXYS of such
changes within reasonable time after such changes were made, subject to the
Samsung’s internal engineering change notice (ECN) rule.

 

3.12

Notwithstanding anything contrary to this Agreement, Samsung may, after the
Effective Date, deliver to IXYS based on a Purchase Order completed Business
Products that were under fabrication on the

 

***Certain confidential information contained in this document, marked with 3
asterisks (***), has been omitted and filed separately with the Securities and
Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of
1934, as amended.

 

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Effective Date, as if such Business Products were Products covered by this
Agreement.

 

3.13

Samsung shall destroy or recycle and properly dispose of all scrap related to
Products supplied to IXYS hereunder in such a way as to prevent any unauthorized
sale of any such Products.

 

3.14

Notwithstanding anything to the contrary in this Agreement, Samsung shall, after
the Effective Date, deliver to IXYS work-in-progress Business Products that were
(i) under fabrication to fulfill Samsung customer orders for Business Products
accepted by Samsung prior to the Effective Date (“Customer POs”); (ii) under
fabrication on the Effective Date; (iii) manufactured under ***; and
(iv) identified by parties before the Effective Date (“WIP Products”). Samsung
will deliver the WIP products to IXYS hereunder, as if such WIP Products were
Products covered by this Agreement, and IXYS shall issue a Purchase Order for
all such WIP Products; provided that i) IXYS has no forecasting obligation with
respect to the WIP Products pursuant to Section 3.1; ii) the foregoing IXYS
Purchase Order shall be a binding Purchaser Order upon Samsung’s receipt and
iii) the WIP Products shall be treated as Products after receipt of the Purchase
Order. The Customer POs will be transferred and assigned to IXYS after Effective
Date pursuant to the Transition Services Agreement, and IXYS shall thereafter
have all responsibility and liability for fulfilling the Customer POs.

 

4

Electrical Die Sorting (“EDS”) and Back End Process

 

4.1

Samsung will deliver the Product without any EDS tests in wafer form; provided
that, subject to mutual consent, Samsung may deliver the Product that has been
sorted in accordance with Samsung’s EDS criteria.

 

4.2

After written notice by Samsung, Samsung may engage its affiliates or third
parties to perform certain ancillary service to the manufacturing services
contemplated in this Agreement such as sorting, assembly, sorting or packaging
of Die, In the event that Samsung performs foregoing services, the Packages
where all process are complete will delivered to IXYS on EXW basis per Incoterms
2010 by Samsung or its subcontractor; provided that Samsung shall be responsible
for the act or omission of any of its subcontractors hereunder. If any such
subcontracting involves the disclosure of any Confidential Information of IXYS,
Samsung will disclose IXYS’ Confidential Information to such contractors only
under a non-disclosure agreement no less strict than this Agreement.

 

4.3

Upon the written request of IXYS, Samsung will transport and deliver Products on
EXW basis per Incoterms 2010 to IXYS’ chosen assembly, test, marking and
packaging facilities at an international airport in Korea agreed in writing by
the parties. Samsung has no liability for such assembly, test or packaging
process performed by IXYS’ subcontractor under this Agreement; provided that
Samsung may assist with the foregoing procedure in connection with the
Transition Services Agreement.

 

5

Ownership of Intellectual Property Rights

 

5.1

IXYS shall own and retain all right, title and interest in and to IXYS
Background IP. Samsung may use the IXYS Deliverables, solely to perform the Mask
and Prototyping Services hereunder, and/or to manufacture Products solely for
IXYS. Samsung shall not use the IXYS Deliverables to design, fabricate, test or
otherwise modify Samsung’s own products or other products(s) that are for its
customers other than IXYS unless otherwise specifically agreed by parties in
writing.

 

***Certain confidential information contained in this document, marked with 3
asterisks (***), has been omitted and filed separately with the Securities and
Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of
1934, as amended.

 

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5.2

Samsung shall own and retain all right, title and interest in and to Samsung
Background IP. Unless otherwise specifically agreed by the parties in writing,
all Intellectual Property in or to all modifications and improvements to, or
arising from, Samsung Deliverables are the exclusive property of Samsung and all
right, title and interest in and to the same vests solely in Samsung, and IXYS
may use Samsung Deliverables solely to perform its rights and obligations
hereunder. IXYS shall not use Samsung Deliverables to design, fabricate, test or
otherwise modify products(s) that are not fabricated by Samsung or an agent of
Samsung unless otherwise specifically agreed by the parties in writing.

IXYS further agrees that Engineering Samples are provided for testing,
evaluation, promotion and verification purposes. For clarity, Engineering
Samples are provided “AS IS,” without any warranty of any kind whatsoever. For
clarity, Sections 4, 10.2 and 12.1 shall not apply to Engineering Samples.

 

5.3

Samsung shall retain all right, title and interest in and to masks made by
Samsung and/or Samsung’s contractors for use in the fabrication of Products, but
shall use such masks solely to manufacture Products for IXYS. For the avoidance
of doubt, the foregoing provision shall not be deemed a transfer of any
Intellectual Property rights embodied in the masks.

 

5.4

Unless otherwise expressly set forth in this Agreement or agreed in writing
between the parties, no license with respect to either party’s Intellectual
Property is hereby granted.

 

6

Payment

 

6.1

In consideration of Samsung’s Mask and Prototyping Services set forth in
Section 2 of this Agreement and the applicable Revision Project Statement, IXYS
shall pay to Samsung the sum set forth in Annex C of each applicable Revision
Project Statement (“Mask and Prototyping Fees”).

Samsung shall issue an invoice for each milestone Mask and Prototyping Fee upon
or after the completion of each milestone under the applicable Mask and
Prototyping Services in accordance with the schedule set forth in Annex C of the
applicable Revision Project Statement, and IXYS shall pay the invoiced amount to
Samsung-designated bank account in US Dollars within *** days after the receipt
of such invoice.

 

6.2

Samsung shall issue an invoice to IXYS with the total amount to be paid for the
Products calculated according to Section 1 of Annex B of the applicable Foundry
Project Statement on or after the date that the applicable Products are shipped.
IXYS shall pay the total amount properly invoiced for the Products ordered and
delivered pursuant to Section 3 of this Agreement. IXYS shall pay such prices to
Samsung-designated bank account in US Dollars within *** days after the receipt
of applicable invoice.

 

6.3

All sums stated under this Agreement (including the prices of Products) do not
include tax. IXYS shall remit the full sums and shall bear any and all taxes,
including, without limitation, value-added tax and sales tax, incurred from the
payment made hereunder.

 

***Certain confidential information contained in this document, marked with 3
asterisks (***), has been omitted and filed separately with the Securities and
Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of
1934, as amended.

 

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7

Inspection and Review

IXYS may, upon reasonable advance notice to Samsung, send its employees to visit
the applicable Samsung facilities to inspect the fabrication of Products and the
performance of any services. Such visit shall be conducted during Samsung’s
normal working hours. While visiting Samsung facilities, IXYS employees shall at
all times comply with Samsung’s plant rules and regulations, as well as with
reasonable instructions that may be issued by Samsung’s employee or personnel.

 

8

Business Review Meeting

The parties will hold a review meeting on a quarterly basis in order to discuss
any business issues and technical issues relating to the subject matter of this
Agreement. The parties will also discuss and negotiate in good faith the
availability of an additional year of foundry services provided from Samsung to
IXYS.

 

9

Confidential Information

 

9.1 Nondisclosure and Nonuse Obligations. Each of the parties, as Recipient,
hereby agrees to receive and hold Confidential Information of the Discloser in
confidence, and to protect and safeguard such Confidential Information against
unauthorized use or disclosure using at least the same degree of care as
Recipient accords to its own confidential information of like importance, but in
no case less than reasonable care. Without limiting the generality of the
foregoing, each party, as Recipient, further promises and agrees:

 

  (a)

except as set forth in subsection (c) below, not to, directly or indirectly, in
any way, disclose, make accessible, reveal, report, publish, disseminate or
transfer any such Confidential Information to any unauthorized third party,
including parent companies, unless otherwise agreed by the parties;

 

  (b)

not to use any Confidential Information in any manner whatsoever except in
furtherance of the subject matter hereof;

 

  (c)

to restrict access to Confidential Information to those of its officers,
directors, employees and subcontractors who have a legitimate need-to-know to
carry out the purpose of this Agreement and who are obligated to protect such
Confidential Information pursuant to terms and conditions no less protective of
Discloser than those contained in this Agreement; and

 

  (d)

not to reproduce or copy Confidential Information except to the extent necessary
to further the purpose of this Agreement.

Furthermore, the existence of any business negotiations, discussions or
agreements in progress between the parties shall be kept confidential and shall
not be disclosed without written approval of all the parties, except to their
officers, directors, and employees who have a legitimate need-to-know to carry
out the purpose of this Agreement and who are obligated to protect such
Confidential Information pursuant to terms and conditions no less protective of
Discloser than those contained in this Agreement.

Recipient’s obligation of confidentiality set forth in this Section 9.1 shall be
in force for a period of ten (10) years after the initial disclosure.

 

9.2

Exclusions from Obligations. The nondisclosure and non-use obligations under
this Section 9 shall not

 

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apply to, information that the Recipient can evidence: (a) was publicly
available at the time of its disclosure to Recipient or became publicly
available after its disclosure through no act or default of Recipient; (b) is
rightfully or free of any obligation of confidentiality in the possession of
Recipient prior to disclosure to Recipient by Discloser; (c) is received in good
faith by Recipient from a third party, free of any obligation of
confidentiality; or (d) is independently developed by Recipient without use of
Discloser’s Confidential Information.

A disclosure by Recipient of Confidential Information of Discloser (a) in
response to a valid order by a competent court or governmental body, (b) in
connection with an arbitration hereunder, or (c) as otherwise required by
applicable Law shall not be considered to be a breach of this Agreement or a
waiver of confidentiality for other purposes; provided, however, (i) with
respect to any disclosure in accordance with clause (b) above shall only be made
to persons involved in the arbitration or the arbitrator thereof, and (ii) with
respect to any disclosure in accordance with clause (a) or (c) above, Recipient
shall provide prompt prior written notice thereof to Discloser and permit such
Discloser to seek measures to maintain the confidentiality of its Confidential
Information.

 

9.3

Ownership and Return of Confidential Information. Confidential Information
disclosed by Discloser shall remain the property of such Discloser, and, except
as expressly set forth herein, no license or other rights to such Discloser’s
Confidential Information is granted or implied hereby. Recipient shall reproduce
the symbols, legends or other proprietary notices affixed to Confidential
Information, and shall not, nor permit any third party to, remove, add or modify
the same.

Recipient shall, upon expiration or termination of this Agreement, or upon
written request of Discloser, whichever is earlier, as soon as possible, but not
later than twenty (20) days after any notice thereof by Discloser, return (or
destroy at Discloser’s option) all copies of such Discloser’s Confidential
Information and certify in writing its compliance with this requirement.

 

9.4

No Reverse Engineering. No party, as Recipient, shall decompile, disassemble,
reverse engineer or attempt to reconstruct, identify or discover any source
code, underlying ideas, techniques or algorithms in Confidential Information by
any means whatever, except as may be specifically authorized in advance by
Discloser in writing.

 

9.5

This Agreement shall not preclude or limit the independent development by or on
behalf of any party of any products or systems involving technology or
information of a similar nature to that disclosed hereunder or which compete
with products or systems contemplated by such information, provided that any
such development is done without use of or reliance upon the other party’s
Confidential Information.

 

10

Indemnity

 

10.1

IXYS shall, at its expense, defend, indemnify and hold harmless Samsung from all
Claims, and/or Losses incurred by Samsung as a result of such Claims or in a
settlement that may result from any such Claim, that IXYS Deliverables (unless
purchased from Samsung under the APA) actually or allegedly infringe, violate or
misappropriate Intellectual Property of a third party, provided that (a) Samsung
promptly notifies IXYS in writing of the Claim, (b) Samsung provides IXYS with
all reasonable assistance, information and authority required to perform these
duties, and (c) IXYS is permitted to solely direct the defense and all related
settlement negotiations related to the Claim. Further, IXYS agrees to pay any
judgment in such suit or proceeding by final judgment of a court of last resort,
including reasonable attorneys’ fees, but IXYS shall have no liability for
settlement or costs incurred

 

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without its consent.

Notwithstanding the foregoing, IXYS shall have no indemnity obligation regarding
any actual or alleged infringement, violation or misappropriation of any
Intellectual Property of any third party to the extent such infringement,
violation or misappropriation arises from the Samsung Deliverables, the
manufacturing processes used by Samsung hereunder, or products based on designs
acquired from Samsung pursuant to the Transaction Documents. IXYS shall not be
obligated to indemnify Samsung in accordance with this Section 10.1 if (a) any
settlement is made by Samsung without IXYS’s prior written consent, or (b) if
IXYS is not permitted by Samsung to assume exclusive control of the settlement
of the Claim.

For the purposes of this Section 10 and Section 11, the term “Claim” means any
claim, action, suit or proceeding asserted by any third party whether actual or
alleged and whether adjudicated by a competent court of law, tribunal or
arbitrator, and the term “Losses” means all damages, losses, costs and expenses
of whatever nature (including legal costs) whether or not reasonably foreseeable
by the parties at any time during the term of this Agreement.

 

10.2

Samsung shall, at its expense, defend, indemnify and hold harmless IXYS from all
Claims, and/or Losses incurred by IXYS as a result of such Claims or in a
settlement that may result from any such Claim, that Samsung Deliverables
contained in the Products, the manufacturing processes used by Samsung
hereunder, actually or allegedly infringe on any Intellectual Property of a
third party, provided that Samsung is promptly notified, given the assistance
required, and permitted to solely direct the defense. Further, Samsung agrees to
pay any judgment in such suit or proceeding by final judgment of a court of last
resort, including reasonable attorneys’ fees, but Samsung shall have no
liability for settlement or cost incurred without its consent.

Notwithstanding the foregoing, Samsung shall have no indemnity obligation
pursuant to this Section 10.2 regarding any actual or alleged infringement of
any Intellectual Property of any third party to the extent such infringement
arises from the IXYS Deliverables (including but not limited to the designs,
specifications and/or instructions provided by IXYS and Samsung’s compliance
with any industrial standard specification) Samsung shall not be obligated to
indemnify in accordance with this Section 10.2 if (a) any settlement is made by
IXYS without Samsung’s prior written consent, or (b) if Samsung is not permitted
by IXYS to assume exclusive control of the settlement of the Claim.

 

11

Life Critical Applications

Unless otherwise specifically agreed by the parties in writing, IXYS hereby
agrees that Products are not authorized for use as, and IXYS shall not
integrate, promote, sell or otherwise transfer any Product to any customer or
end user for use as critical components in any device, application or system
where it is reasonably foreseeable that failure of the Product(s) as used in
such device, application or system would cause death, bodily injury or
catastrophic property damage, such as (a) any medical, life saving or life
support device or system, (b) any safety device or system in automotive
application and mechanism (including but not limited to automotive brake or
airbag systems), (c) any nuclear facilities, (d) any air traffic control device,
application or system, or (e) any weapons device, application or system (the
“Life Critical Applications”). Notwithstanding anything contrary to the
limitation of liability of IXYS as set forth in this Agreement or APA, IXYS
shall, at its expense, defend, indemnify and hold harmless Samsung from all
Claims arising from using the Products in the Life Critical Applications, and/or
Losses incurred or arising out of or in connection with such Claims.

 

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12

Limited Warranty, Limitation of Liability & Disclaimer

 

12.1

Samsung warrants that the (a) Mask and Prototyping Services and manufacture of
the Products hereunder shall be performed in a good, professional and
workmanlike manner in accordance with industry standards; (b) Products shall
conform to the applicable Product Specification; (c) Products shall be free from
material defects arising from the fabrication process. The foregoing warranties
shall continue for a period of *** commencing on the date on which applicable
Products have been delivered hereunder. For clarity, the foregoing warranties
shall not apply to the extent caused by (1) IXYS’s or a third party’s abuse,
misuse, negligence, mishandling or improper modification, or (2) IXYS
Deliverables and the designs, specifications, or instructions provided by IXYS.
For further clarity, the foregoing warranties shall not apply to Engineering
Samples or any unauthorized use of Products for Life Critical Applications. In
the event of a breach of warranty set forth herein, as IXYS’s sole and exclusive
remedy, Samsung shall replace the defective Products or, upon IXYS’ request,
discuss in good faith a refund the full Product Prices for such defective
Products.

 

12.2

Except as provided in Section 12.1 above, all Samsung Deliverables, Products,
and Project Results provided to IXYS shall be provided “AS IS,” WITHOUT WARRANTY
OF ANY KIND. EXCEPT AS PROVIDED IN SECTION 12.1 ABOVE, SAMSUNG MAKES NO OTHER
REPRESENTATIONS OR WARRANTIES INCLUDING, WITHOUT LIMITATION, THE WARRANTIES OF
MERCHANTABILITY, FITNESS FOR PARTICULAR PURPOSE AND NON-INFRINGEMENT.

 

12.3

EXCEPT FOR THE DAMAGES ARISING OUT OF (A) EITHER PARTY’S WILLFUL BREACH OF
SECTIONS 2 OR 3 OR (B) EITHER PARTY’S OBLIGATIONS UNDER OR BREACH OF SECTIONS 5,
9, 10 AND/OR 11, NEITHER PARTY SHALL BE LIABLE FOR ANY INDIRECT, SPECIAL,
INCIDENTAL OR CONSEQUENTIAL DAMAGES RESULTING FROM ITS PERFORMANCE OR FAILURE TO
PERFORM UNDER THIS AGREEMENT, WHETHER DUE TO A BREACH OF CONTRACT OR BREACH OF
WARRANTY. EXCEPT WITH RESPECT TO (A) EITHER PARTY’S WILLFUL BREACH OF SECTIONS 2
OR 3; AND (B) EITHER PARTY’S OBLIGATIONS UNDER OR BREACH OF SECTIONS 5, 6, 9 AND
11, EACH PARTY’S TOTAL LIABILITY UNDER THIS AGREEMENT SHALL NOT EXCEED ***
PERCENT OF ALL PAYMENTS RECEIVED BY SAMSUNG FROM IXYS UNDER THIS AGREEMENT FOR
THE APPLICABLE PRODUCT(S) DURING THE PREVIOUS *** MONTHS PRIOR TO THE CLAIM
BEING BROUGHT AGAINST SUCH LIABLE PARTY.

 

13

Term and Termination

 

13.1

This Agreement shall remain in effect from the Effective Date until *** months
after the Effective Date (the “Initial Term”), unless terminated earlier in
accordance with Section 13.2. At least *** years prior to the expiration of the
Initial Term, the parties will discuss and negotiate in good faith the
availability of an additional year of foundry services provided from Samsung to
IXYS.

 

***Certain confidential information contained in this document, marked with 3
asterisks (***), has been omitted and filed separately with the Securities and
Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of
1934, as amended.

 

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13.2

Notwithstanding the above, either party shall have the right to terminate this
Agreement (together with all Foundry Project Statements and all Revision Project
Statements) immediately if:

 

  (a)

the other party files a petition in bankruptcy, undergoes a reorganization
pursuant to a petition in bankruptcy, is adjudicated a bankrupt, becomes
insolvent, becomes dissolved or liquidated, files a petition for dissolution or
liquidation, makes an assignment for benefit of creditors, or has a receiver
appointed for its business;

 

  (b)

the other party is subject to property attachment or court injunction or court
order which has a substantial negative effect on its ability to fulfill its
obligations under this Agreement; or

 

  (c)

a competent governmental authority cancels or suspends the business license of
the other party or takes similar actions against such other party.

 

  (d)

the other party materially breaches its confidentiality obligations in this
Agreement and does not cure or agree with the non-breaching party upon a written
plan to cure such breach within thirty (30) days after receipt of notice of such
breach from the non-breaching party.

 

  (e)

the other party breaches its payment obligations in this Agreement and does not
cure or agree with the non-breaching party upon a written plan to cure such
breach within fifteen (15) days after receipt of notice of such breach from the
non-breaching party.

 

13.3

Sections 1, 3 (for outstanding Purchase Orders and Short Term Forecasts only),
5, 6, 9.1 (but only for the period set forth therein), 9.2, 9.3, 9.4, 9.5, 10,
11, 12, 13.3, 14 and 15 (except 15.6) shall survive any termination or
expiration of this Agreement.

 

14

Governing Law / Dispute Resolution

 

14.1

Governing Law. This Agreement (and any claims or disputes arising out of or
related hereto or to the transactions contemplated hereby or to the inducement
of any party to enter herein, whether for breach of contract, tortious conduct
or otherwise and whether predicated on common law, statute or otherwise) shall
in all respects be governed by, and construed in accordance with, the laws of
the New York of the United States of America , including all matters of
construction, validity and performance, in each case without reference to any
conflict of law rules that might lead to the application of the laws of any
other jurisdiction.

 

14.2

Dispute Resolution. All disputes arising out of or in connection with this
Agreement shall be finally settled under the Rules of Arbitration of the
International Chamber of Commerce by one or more arbitrators appointed in
accordance with the said Rules. The place of arbitration shall be Singapore. The
language of the arbitral proceedings shall be English. Judgment upon any
award(s) rendered by the arbitrator(s) may be entered in any court having
jurisdiction thereof. The arbitrator(s) are authorized to include in the award
an allocation to any party of such costs and expenses, including attorneys’
fees, as the arbitrator shall deem reasonable. Nothing in this Agreement shall
prevent either party from seeking provisional measures from any court of
competent jurisdiction to enforce its intellectual property rights, and any such
request shall not be deemed incompatible with the agreement to arbitrate or a
waiver of the right to arbitrate. The parties undertake to keep confidential all
awards in their arbitration, together with all materials in the proceedings
created for the purpose of the arbitration and all other documents produced by
another party in the proceedings not otherwise in the public domain, save and to
the extent that disclosure may be required of a party by legal duty, to protect
or pursue a legal right or to enforce or

 

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challenge an award in legal proceedings before a court or other judicial
authority.

 

15

General

 

15.1

Assignment. No party may assign its right or delegate its obligations under this
Agreement without the written consent from the other party, except that IXYS may
assign its rights and obligations without Samsung’s consent to a successor of
all or substantially all of the assets of IXYS related to the Business. Any
purported assignment or delegation without such consent shall have no force or
effect and any attempt to do so without such consent shall be void.

 

15.2

Independent Contractor. No party is authorized to act for or on the behalf of
the other party under this Agreement. Without limiting the generality of the
foregoing, each party is an independent contractor, and no principal/agent or
partnership relationship is created among the parties by this Agreement.

 

15.3

No Third-Party Beneficiaries. This Agreement shall inure to the benefit of and
be binding upon the parties hereto and their respective successors and assigns.
Nothing in this Agreement expressed or implied, is intended to or shall confer
on any person or entity other than the parties hereto or their respective
successors and assigns, any rights, remedies or Liabilities under or by reason
of this Agreement.

 

15.4

No Waiver. No failure or delay by any party to enforce or take advantage of any
provision or right under this Agreement shall constitute a subsequent waiver of
that provision or right, nor shall it be deemed to be a waiver of any other
terms and conditions of this Agreement.

 

15.5

Force Majeure. Neither party to this Agreement shall be liable for its failure
or delay to perform any of its obligations hereunder during any period in which
such performance is prevented by any cause beyond its reasonable control,
including, without limitation, act of God, acts of civil or military authority,
fires, epidemics, floods, earthquakes, riots, war, and governmental control
(each, a “Force Majeure Event”). In the event of any such Force Majeure Event
the date of delivery or performance hereunder shall be extended by a period
equal to the time lost by reason of such Force Majeure Event, provided that the
affected party promptly notifies the other party of the occurrence of the Force
Majeure Event and takes all reasonable steps necessary to resume performance of
its obligations so interfered with.

 

15.6

Disaster Recovery Plan.  Samsung agrees to prepare a written disaster recovery
plan describing the measures anticipated to be taken by Samsung to ensure the
continued supply of Products to IXYS pursuant to the requirements of this
Agreement in the event of any Force Majeure Event (“Disaster Recovery Plan”).

 

15.7

Export. Each party shall comply with all then-current applicable laws,
regulations and other legal requirements in its performance in connection with
this Agreement, including, without limitation, all applicable export control
laws, rules and regulations of the United States, the Republic of Korea, and any
other relevant countries.

 

15.8

Notice. All notices or communications to be given under this Agreement shall be
in writing and shall be deemed delivered upon hand delivery or acknowledgment of
facsimile, by international overnight courier, or by certified, registered or
first class mail, addressed to the parties at their addresses set forth above or
below. Unless the sending party can reasonably prove by contemporaneous written
evidence that it was received earlier (in which case, the applicable notice
shall be deemed given as of such earlier

 

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date), a notice given under this Agreement is deemed given:

 

  (a) If delivered personally, when left at the address, and addressed, as set
forth in this Section;

 

  (b) If sent by overnight courier, two (2) business days after posting;

 

  (c) If sent by domestic post, except airmail, two (2) business days after
posting;

 

  (d) If sent by airmail, ten (10) business days after posting; or

 

  (e) If sent by facsimile, when confirmation of its transmission has been
recorded by the sender’s facsimile machine.

Any notice to be sent to the parties shall be sent as follows:

 

  (1) To Samsung    :

 

   Name:    Samsung Electronics    Address:    San #24, Nonseo-Dong, Giheung-Gu,
Yongin-City, Gyeonggi-Do,       449-711 Korea    Attention:    Kyeyoung Cho,
Seungjin Yang    Telephone:    +82-31-209-5071, +82-31-209-8385    Facsimile:   
   e-mail:    kyeyoung.cho@samsung.com, sj74.yang@samsung.com

 

  (2) To IXYS :

 

   Name:    IXYS Intl Limited       c/o IXYS Corporation    Address:    1590
Buckeye Drive, Milpitas, CA 95035    Attention:    Uzi Sasson    Telephone:   
+1.408.457.9000    Facsimile:    +1.408.416.0224    e-mail:    u.sasson@ixys.net

 

15.9

Severability. In the event that any provision of this Agreement becomes or is
declared by a court of competent jurisdiction to be illegal, unenforceable or
void, this Agreement shall continue in full force and effect without said
provision. The captions of the sections in this Agreement are intended for
convenience only, and shall not be interpretive of the content of the
accompanying section.

 

15.10

Modification. The terms and conditions of this Agreement shall not be modified,
or amended except in

 

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writing indicating a modification thereof, and signed by the authorized
representatives of both parties.

 

15.11

Publicity. Without procuring the other party’s prior written consent, neither
party shall issue any public announcement with respect to the subject matter
hereof.

 

15.12

Counterparts.  This Agreement may be signed in any number of counterparts, each
of which shall be an original, with the same effect as if the signatures thereto
and hereto were upon the same instrument.

 

15.13

Entire Agreement.    This Agreement, including the applicable Foundry Project
Statements and the applicable Revision Project Statements (which are
incorporated herein by reference), constitutes the entire agreement between the
parties as to the subject matter hereof, and supersedes and replaces all prior
or contemporaneous agreements, written or oral, regarding such subject matter,
and shall take precedence over any additional or conflicting terms which may be
contained in either party’s purchase orders or order acknowledgment forms.

 

Attachments:    Attachment1 – Foundry Project Statement    Attachment 2 –
Revision Project Statement

[Signature Blocks on the Next Page]

 

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In witness hereof, the parties have executed this Agreement by their duly
authorized representatives:

 

Samsung Electronics Co., Ltd.       IXYS Intl Limited

By:

 

  

/s/ Byunghoon Suh

 

     

By:

 

  

/s/ Uzi Sasson

 

Name:

 

  

Byunghoon Suh

 

     

Name:

 

  

Uzi Sasson

 

Date:

 

  

June 27, 2013

 

     

Date:

 

  

June 27, 2013

 

 

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Attachment 1 – Foundry Project Statement

Foundry Project Statement for Product [A]

This Foundry Project Statement (“Foundry Project Statement”) is entered into as
of [Date] (“Foundry Project Statement Effective Date”) by and between Samsung
Electronics Co., Ltd. (“Samsung”) and IXYS Intl Limited (“IXYS”).

WHEREAS, the parties have entered into a Foundry Services Agreement (the
“Agreement”) with an Effective Date of [Date], and now desire to define Product
Prices and other terms and conditions for the Products specified in Annex A.
Product List of this Foundry Project Statement, pursuant to the terms and
conditions contained in the Agreement.

NOW, THEREFORE, in consideration of the exchange of obligations herein, the
parties hereby agree as follows:

1. All capitalized terms not defined herein shall have the meanings ascribed to
them in the Agreement.

2. Once executed by the parties, this Foundry Project Statement shall become an
integral part of the Agreement and the terms of the Agreement shall be fully
incorporated herein, provided that, in the event of a conflict between this
Foundry Project Statement and the Agreement, the terms of this Foundry Project
Statement shall prevail.

3. The parties agree to incorporate the following into this Foundry Project
Statement:

Annex A. Product List

Annex B. Financial Terms and Other Special Terms

4. This Foundry Project Statement shall become effective as of the Foundry
Project Statement Effective Date and remain in effect for the Initial Term. Upon
expiration of this Foundry Project Statement, the parties may discuss extending
the term for an additional one year period.

In Witness Whereof, the parties have executed this Foundry Project Statement by
their duly authorized representatives:

 

Samsung Electronics Co., Ltd.       IXYS Intl Limited.

By:

 

  

 

     

By:

 

  

 

Name:

 

  

 

     

Name:

 

  

 

Date:

 

  

 

     

Date:

 

  

 

 

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Annex A: Product List

***

 

***Certain confidential information contained in this document, marked with 3
asterisks (***), has been omitted and filed separately with the Securities and
Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of
1934, as amended.

 

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Annex B. Financial Terms and Other Special Terms

 

1. Product Price

The Product Price (***) as of the Foundry Project Statement Effective Date will
be as follows;

 

Calendar Year   Year 1   Year 2   Year 3   Year 4 and onwards

Product Price (***)    

  ***   ***   ***   ***

The Product Price per a unit as of the Foundry Project Statement Effective Date
will be as follows;

 

Master

Code

 

            Material Code           

 

Package_Test    
Cost    

 

   Final Chip Price            Year 1        Year 2        Year 3       
  Year 4           Pac. Type               ***    ***      ***    ***        ***
   ***    ***

ø Above chip price may be varied based on the back-end process costs.

 

*** Price:

         (KRW/second)     

***

   ***    

  * for the year of 2013

  *** Price:

   (KRW/CHIP)     

***

   ***    

  * for the year of 2013

  

 

Note: The above prices are to be reference prices.

Both parties shall mutually agree to the Product Price in each Purchase Order,
considering various factors collectively such as die size of Product,
fabrication process technology, volume projection, the status of market pricing
conditions, and other Samsung’s services, etc.

2. Volume Production Commencing Date

Volume Production Commencing Date shall be effective as of the [            ]

 

***Certain confidential information contained in this document, marked with 3
asterisks (***), has been omitted and filed separately with the Securities and
Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of
1934, as amended.

 

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Attachment 2 – Revision Project Statement

Revision Project Statement for Product [Product Name]

This Revision Project Statement (“Revision Project Statement”) is entered into
as of [Date] (“Revision Project Statement Effective Date”) by and between
Samsung Electronics Co., Ltd. (“Samsung”) and IXYS Intl Limited (“IXYS”).

WHEREAS, the parties have entered into a Foundry Services Agreement (the
“Agreement”) with an Effective Date of [Date], and now desire to define details
of Mask and Prototyping Services and other terms and conditions, if any, for a
Product specified in Annex A. Product and Revision Specification of this
Revision Project Statement, pursuant to the terms and conditions contained in
the Agreement;

NOW, THEREFORE, in consideration of the exchange of obligations herein, the
parties hereby agree as follows:

1. All capitalized terms not defined herein shall have the meanings ascribed to
them in the Agreement.

2. Once executed by the parties, this Revision Project Statement shall become an
integral part of the Agreement and the terms of the Agreement shall be fully
incorporated herein, provided that, in the event of a conflict between this
Revision Project Statement and the Agreement, the terms of this Revision Project
Statement shall prevail.

3. The parties agree to incorporate the following into this Revision Project
Statement:

Annex A. Product and Revision Specification

Annex B. SOW

Annex C. Financial Terms and Other Special Terms

4. This Revision Project Statement shall become effective as of the Revision
Project Statement Effective Date and remain in effect for the Initial Term. Upon
expiration of this Revision Project Statement, the parties may discuss extending
the term for an additional one year period.

In Witness Whereof, the parties have executed this Revision Project Statement by
their duly authorized representatives:

 

Samsung Electronics Co., Ltd.       IXYS Intl Limited.

By:

 

  

 

     

By:

 

  

 

Name:

 

  

 

     

Name:

 

  

 

Date:

 

  

 

     

Date:

 

  

 

 

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Annex A: Product and Revision Specification

Product :

Process :

Revision Specification or Description.

 

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Annex B: SOW

1. IXYS Deliverables include the following:

[XX]

2. Samsung Deliverables include the following:

[XX]

3. Project Schedule/Project Results

 

Product    Work    Project Results                                             
                                                                               
                                                                               
                         

 

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Annex C. Financial Terms and Other Special Terms

1. Mask and Prototyping Fees

IXYS shall pay to Samsung the following Mask and Prototyping Fees for Mask and
Prototyping Services performed under the Revision Project Statement and in
accordance with the provisions of the Agreement:

 

Milestone    Mask and Prototyping Fee Milestone 1. ***   

*** of the total Mask and Prototyping Fees

Milestone 2. ***   

*** of the total Mask and Prototyping Fees

Milestone 3. ***   

*** of the total Mask and Prototyping Fees

Total Mask and Prototyping Fees     

 

***Certain confidential information contained in this document, marked with 3
asterisks (***), has been omitted and filed separately with the Securities and
Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of
1934, as amended.

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