NETGEAR, INC.

AMENDED AND RESTATED
CHANGE OF CONTROL AND SEVERANCE AGREEMENT

This Amended and Restated Change of Control and Severance Agreement (the
“Agreement”) is entered into as of September 18, 2014, (the “Effective Date”) by
and between NETGEAR, Inc. (the “Company”), and Jeff Capone (“Executive”).

WHEREAS, Executive had previously been a full-time employee and, as of the
Effective Date, will transition to a reduced work schedule of thirty (30) hours
per week and Executive’s employment pursuant to this reduced work schedule is
scheduled to end on the six month anniversary of the Effective Date at which
time his employment with the Company will terminate, unless it has been
terminated earlier as set forth in the Agreement; and

WHEREAS, the Company and Executive desire to amend and restate the Agreement
consistent with the Executive’s revised transitional role.

NOW, THEREFORE, in consideration of the mutual covenants contained herein, the
parties hereto agree as follows:

1.
Duties and Scope of Employment.

(a)Positions and Duties. As of the Effective Date, Executive is serving as Chief
Technology Officer of the Company. Executive will render such business and
professional services in the performance of his duties, consistent with
Executive’s position within the Company, as shall reasonably be assigned to him
by the Company’s Chief Executive Officer and/or Board of Directors (the
“Board”). As of the Effective Date, Executive will be expected to provide
services to the Company for at least thirty (30) hours per week. This Agreement
will have a term of six months commencing upon the Effective Date (the
“Transition Term”), but may be terminated earlier by either party, subject to
payment of applicable severance benefits upon qualified terminations of
employment in accordance with Section 6. Executive agrees and acknowledges that
the termination of his employment on the anniversary of the Effective Date will
not entitle him to any severance benefits under Section 6.

(b)Obligations. During the Transition Term, Executive will perform his duties
faithfully and to the best of his ability and will devote his business efforts
and time to the Company as necessary to perform his duties hereunder. For the
duration of the Transition Term, Executive agrees not to actively engage in any
other employment, occupation or consulting activity that would be competitive
with the Company’s businesses. Notwithstanding any provisions in this agreement,
the Company acknowledges and agrees that Executive will conduct business
activities outside the 30 hours per week limit set forth in this Agreement
("Extracurricular Time").   Executive shall conduct activities in the
Extracurricular Time exclusively outside of working hours for the Company, and
without any use of Company time, equipment, resources, or facilities.  Any
activities in the Extracurricular Time, including but not limited to business
activities, consulting work, advising companies, investing in companies, and
research activities ("Extracurricular Activities") becomes the sole and
unencumbered intellectual property of Executive so long as such work (1) does
not use the Company’s time, equipment, supplies, facilities, or other property;
(2) does not use the Company’s intellectual property, including trade secrets;
(3) does not relate to the Company’s current business or to its

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demonstrably anticipated research and development; and (4) does not directly
compete with products or services offered by the Company. Such Extracurricular
Activities will include inventions, reducing to practice inventions,
improvements, developments, ideas or discoveries whether patentable or
unpatentable (collectively hereinafter referred to as "Inventions"), and shall
be the sole intellectual property of Executive.

2.At-Will Employment. The parties agree that Executive’s employment with the
Company will be “at-will” employment and may be terminated at any time with or
without cause or notice. Executive understands and agrees that neither his job
performance nor promotions, commendations, bonuses or the like from the Company
give rise to or in any way serve as the basis for modification, amendment, or
extension, by implication or otherwise, of his employment with the Company.

3.    Compensation.

(a)Base Salary. During the Transition Term, the Company will pay Executive as
compensation for his services a base salary at the annualized rate of Two
Hundred Six Thousand Two Hundred Fifty Dollars and Thirty-Three Cents
($206,250.33) (the “Base Salary”) (for clarity, this is seventy-five (75%) of
Executive’s annual base salary immediately prior to the Effective Date). The
Base Salary will be paid periodically in accordance with the Company’s normal
payroll practices and be subject to the usual, required withholding.

(b)MBO Bonus. Executive will be eligible to receive an annual target bonus for
fiscal 2014. The annual bonus opportunity will equal fifty percent (50%) of
Executive’s actual base salary earned in fiscal 2014. For clarity, the annual
bonus opportunity will be up to fifty percent (50%) of (i) the base salary
earned in 2014 prior to the Effective Date as a full-time employee; plus (ii)
the Base Salary earned in 2014 during the Transition Term. Payment of the annual
bonus will be based upon the Company’s achievement of various financial and/or
other goals established by the Board. All MBO bonuses will be subject to
applicable withholding and taxes. If the Transition Term ends prior to the end
of fiscal 2014, then Executive will continue to be eligible to receive a portion
of the bonus for fiscal 2014 determined in accordance with the same terms and
conditions that apply to other senior executives, except for continued
employment through the end of the performance period or payment date, and
pro-rated based on the actual base salary earned in 2014. Executive’s annual
bonus will be paid at the same time as similarly situated Company executives and
no later than March 15, 2015. Executive will not be eligible for a bonus for
fiscal 2015.

(c)    Equity Awards. Executive has been granted (i) options to purchase shares
of the Company’s common stock under the Company’s 2006 Long Term Incentive Plan
(the “2006 Plan”) (the “Options”); and (ii) awards of restricted stock units,
each unit representing the right to receive a share of Company common stock on
the date it becomes vested (the “RSU Awards”). The Options will continue to be
subject to the terms, definitions and provisions of the 2006 Plan and the stock
option agreement(s) by and between Executive and the Company (the “Option
Agreement(s)”), which are incorporated herein by reference. The RSU Awards will
continue to be subject to the terms, definitions and provisions of the 2006 Plan
and the RSU Award grant agreement(s) between Executive and the Company (the “RSU
Agreement(s)”), which are incorporated herein by reference. Executive shall also
be subject to the Company’s Director and Officer stock ownership guidelines,
which is also incorporated by reference hereto. Executive’s Options and RSU
Awards will continue to vest on the same vesting schedule in effect prior to the

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Effective Date during the Transition Term. Executive understands and agrees that
the Company does not expect to grant him any additional equity awards.

(d)    Retention Bonus. In consideration for Executive’s continued employment
with the Company, Executive will be eligible to earn a retention bonus of Sixty
Three Thousand Four Hundred Sixty One and 64/100 Dollars ($63,461.64) (the
“Retention Bonus”) on the six month anniversary of the Effective Date provided
that Executive has been continuously employed with Company since the Effective
Date.
    
4.    Employee Benefits. During the Transition Term, Executive will be entitled
to participate in the employee benefit plans currently and hereafter maintained
by the Company of general applicability to other senior executives of the
Company, including, without limitation, the Company’s group medical, dental,
vision, and disability plans, subject to Executive’s continuing to satisfy the
eligibility criteria of such benefit plans. The Company reserves the right to
cancel or change the benefit plans and programs it offers to its employees at
any time.

5. Expenses. The Company will reimburse Executive for reasonable travel,
entertainment or other expenses incurred by Executive in the furtherance of or
in connection with the performance of Executive’s duties hereunder, in
accordance with the Company’s expense reimbursement policy as in effect from
time to time.

6. Severance.

(a)Involuntary Termination. If Executive’s employment with the Company
terminates other than voluntarily, or for death, disability or for “Cause” (as
defined in Paragraph 9 of this Agreement), and Executive signs and does not
revoke a standard release of claims (as described further in Section 6(b) below)
with the Company, then Executive shall be entitled to receive severance payments
at Executive’s final base salary rate, less applicable withholding, for a period
equal to the lesser of: (i) three months; or (ii) the remainder of the
Transition Term (such lesser period, the “Severance Period”). Severance payments
will be made in accordance with the Company’s normal payroll procedures. During
the Severance Period, Company will reimburse Executive and his family for COBRA
premiums, assuming Executive remains eligible during the entire Severance Period
and Executive has timely elected COBRA coverage. In addition, if Executive’s
employment terminates other than voluntarily or for “Cause” (as defined herein),
Executive’s time-based equity awards will accelerate as to shares that would
have vested had Executive remained continuously employed through the end of the
Transition Term.

(b)Timing of Release. The receipt of any severance benefits pursuant to Section
6(a) will be subject to Executive signing and not revoking a standard release of
claims agreement (the “Release”), and provided that such Release is effective
within sixty (60) days following the termination of employment or such earlier
period as required by the Release. To become effective, the Release must be
executed by the Executive and any revocation periods (as required by statute,
regulation, or otherwise) must have expired without the Executive having revoked
the Release. In addition, no severance will be paid or provided until the
Release actually becomes effective.

7. Voluntary Termination; Termination for Cause. If Executive’s employment with
the Company terminates voluntarily by Executive or for Cause by the Company,
then all vesting of Options, RSU Awards, and all other options and restricted
stock awards granted to Executive will terminate immediately and all payments of
compensation by the Company to Executive hereunder and all

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obligations with respect thereto (including, without limitations, with respect
to base salary, bonuses, employee benefits, relocation and temporary living
reimbursements and other expense reimbursements) will terminate immediately
(except as to amounts already earned).

8. Intentionally Omitted.

9.    Definition of Cause. For purposes of this Agreement, “Cause” is defined as
(i) an act of dishonesty made by Executive in connection with Executive’s
responsibilities as an employee, (ii) Executive’s conviction of, or plea of nolo
contendere to, a felony, (iii) Executive’s gross misconduct, or (iv) Executive’s
continued violation of his employment duties after Executive has received a
written demand for performance from the Company which specifically sets forth
the factual basis for the Company’s belief that Executive has not substantially
performed his duties.

10.    Confidential Information. Executive has entered into the Company’s
standard Confidential Information and Invention Assignment Agreement (the
“Confidential Information Agreement”) upon commencing employment, and Executive
agrees to continue to abide by its terms during and after his employment with
the Company.

11.    Non-Solicitation. Until the date one (1) year after the termination of
Executive’s employment with the Company for any reason, Executive agrees and
acknowledges that Executive’s right to receive the severance payments set forth
in Section 6 (to the extent Executive is otherwise entitled to such payments)
shall be conditioned upon Executive not either directly or indirectly
soliciting, inducing, attempting to hire, recruiting, encouraging, taking away,
hiring any employee of the Company or causing an employee to leave his or her
employment either for Executive or for any other entity or person.

12.    Assignment. This Agreement will be binding upon and inure to the benefit
of (a) the heirs, executors and legal representatives of Executive upon
Executive’s death and (b) any successor of the Company. Any such successor of
the Company will be deemed substituted for the company under the terms of this
Agreement for all purposes. For this purpose, “successor” means any person,
firm, corporation or other business entity which at any time, whether by
purchase, merger or otherwise, directly or indirectly acquires all or
substantially all of the assets or business of the Company. None of the rights
of Executive to receive any form of compensation payable pursuant to this
Agreement may be assigned or transferred except by will or the laws of descent
and distribution. Any other attempted assignment, transfer, conveyance or other
disposition of Executive’s right to compensation or other benefits will be null
and void.

13.    Notices. All notices, requests, demands and other communications called
for hereunder shall be in writing and shall be deemed given (i) on the date of
delivery if delivered personally, (ii) one (1) day after being sent by a well
established commercial overnight service, or (iii) four (4) days after being
mailed by registered or certified mail, return receipt requested, prepaid and
addressed to the parties or their successors at the following addresses, or at
such other addresses as the parties may later designate in writing:

If to the Company:

NETGEAR, Inc.
350 East Plumeria Drive
San Jose, CA 95134
Attn: Legal Department

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If to Executive:
    
at the last residential address known by the Company.

14.    Severability. In the event that any provision hereof becomes or is
declared by a court of competent jurisdiction to be illegal, unenforceable or
void, this Agreement will continue in full force and effect without said
provision.

15.    Arbitration.
    
(a)    General. In consideration of Executive’s service to the Company, its
promise to arbitrate all employment related disputes and Executive’s receipt of
the compensation, pay raises and other benefits paid to Executive by the
Company, at present and in the future, Executive agrees that any and all
controversies, claims, or disputes with anyone (including the Company and any
employee, officer, director, shareholder or benefit plan of the Company in their
capacity as such or otherwise) arising out of, relating to, or resulting from
Executive’s service to the Company under the Agreement or otherwise or the
termination of Executive’s service with the Company, including any breach of
this Agreement, shall be subject to binding arbitration under the Arbitration
Rules set forth in California Code of Civil Procedure Section 1280 through
1294.2, including Section 1283.05 (the “Rules”) and pursuant to California law.
Disputes which Executive agrees to arbitrate, and thereby agrees to wave any
right to a trial by jury, include any statutory claims under state or federal
law, including, but not limited to, claims under Title VII of the Civil Rights
Act of 1964, the Americans with Disabilities Act of 1990, the age Discrimination
in Employment Act of 1967, the Older Workers Benefit Protection Act, the
California Fair Employment and Housing Act, the California Labor Code, claims of
harassment, discrimination or wrongful termination and any statutory claims.
Executive further understands that this Agreement to arbitrate also applies to
any disputes that the Company may have with Executive.

(b)    Procedure. Executive agrees that any arbitration will be administered by
the American Arbitration Association (“AAA”) and that a neutral arbitrator will
be selected in a manner consistent with its National Rules for the Resolution of
Employment Disputes. The arbitration proceedings will allow for discovery
according to the rules set forth in the California Code of Civil Procedure.
Executive agrees that the arbitrator shall have the power to decide any motions
brought by any party to the arbitration, including motions for summary judgment
and/or adjudication and motions to dismiss and demurrers, prior to any
arbitration hearing. Executive agrees that the arbitrator shall issue a written
decision on the merits. Executive also agrees that the arbitrator shall have the
power to award any remedies, including attorneys’ fees and costs, available
under applicable law. The Parties understand that the Arbitrator shall issue a
written decision in support of his award. Executive understands the Company will
pay for any administrative or hearing fees charged by the arbitrator or AAA
except that Executive shall pay the first $200.00 of any filing fees associated
with any arbitration Executive initiates. Executive agrees that the arbitrator
shall administer and conduct any arbitration in a manner consistent with the
Rules and that to the extent that the AAA’s National Rules for the Resolution of
Employment Disputes conflict with the Rules, the Rules shall take precedence.

(c)    Remedy. Except as provided by the Rules, arbitration shall be the sole,
exclusive and final remedy for any dispute between Executive and the Company.
Accordingly, except as provided for by the Rules, neither Executive nor the
Company will be permitted to pursue court action regarding claims that are
subject to arbitration. Notwithstanding, the arbitrator will not have the
authority to disregard or refuse to enforce any lawful Company policy, and the
arbitrator shall not order or require the Company to adopt a policy not
otherwise required by law which the Company has not adopted.

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(d)    Availability of Injunctive Relief. In addition to the right under the
Rules to petition the court for provisional relief, Executive agrees that any
party may also petition the court for injunctive relief where either party
alleges or claims a violation of this Agreement or the Confidentiality Agreement
or any other agreement regarding trade secrets, confidential information,
nonsolicitation or Labor Code §2870. In the event either party seeks injunctive
relief, the prevailing party shall be entitled to recover reasonable costs and
attorneys fees.

(e)    Administrative Relief. Executive understands that this Agreement does not
prohibit Executive from pursuing an administrative claim with a local, state or
federal administrative body such as the Department of Fair Employment and
Housing, the Equal Employment Opportunity Commission or the workers’
compensation board. This Agreement does, however, preclude Executive from
pursuing court action regarding any such claim.

(f)    Voluntary Nature of Agreement. Executive acknowledges and agrees that
Executive is executing this Agreement voluntarily and without any duress or
undue influence by the Company or anyone else. Executive further acknowledges
and agrees that Executive has carefully read this Agreement and that Executive
has asked any questions needed for Executive to understand the terms,
consequences and binding effect of this Agreement and fully understand it,
including that Executive is waiving Executive’s right to a jury trial. Finally,
Executive agrees that Executive has been provided an opportunity to seek the
advice of an attorney of Executive’s choice before signing this Agreement.

17.    Integration. This Agreement, together with the 2006 Plan, Option
Agreement(s), RSU Agreement(s) and the Confidential Information Agreement
represents the entire agreement and understanding between the parties as to the
subject matter herein and supersedes all prior or contemporaneous agreements
whether written or oral. No waiver, alteration, or modification of any of the
provisions of this Agreement will be binding unless in writing and signed by
duly authorized representatives of the parties hereto.

18.    Tax Withholding. All payments made pursuant to this Agreement will be
subject to withholding of applicable taxes.

19.    Governing Laws. This Agreement will be governed by the laws of the State
of California.

20.    Section 409A.

(a)    Notwithstanding anything to the contrary in this Agreement, no Deferred
Payments (as defined below) shall be payable until Executive has a “separation
from service” within the meaning of Section 409A of the Internal Revenue Code of
1986, as amended (the “Code”) and the final regulations and official guidance
thereunder (“Section 409A”). Similarly, no severance payable to Executive, if
any, pursuant to this Agreement that would otherwise be exempt from Section 409
pursuant to Treasury Regulation Section 1.409A-1(b)(9) shall be payable until
Executive has a “separation from service” within the meaning of Section 409A.
    
(b)    Any severance payments or benefits under this Agreement that would be
considered Deferred Payments will be paid on, or, in the case of installments,
will not commence until, the sixtieth (60th) day following Executive’s
separation from service, or, if later, such time as required by Section 20(c).
Any installment payments that would have been made to Executive during the sixty
(60) day period immediately following Executive’s separation from service but
for the preceding sentence will be paid to Executive on the sixtieth (60th) day
following the Executive’s separation from service and the remaining payments
shall be made as provided in this Agreement.

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(c)    Further, if Executive is a “specified employee” within the meaning of
Section 409A at the time of Executive’s separation from service (other than due
to death), and the severance payments and benefits payable to Executive, if any,
pursuant to the Agreement, when considered together with any other severance
payments or separation benefits, are considered deferred compensation under
Section 409A (together, the “Deferred Payments”), such Deferred Payments that
are otherwise payable within the first six (6) months following Executive’s
separation from service will become payable on the first payroll date that
occurs on or after the date six (6) months and one (1) day following the date of
Executive’s separation from service. All subsequent Deferred Payments, if any,
will be payable in accordance with the payment schedule applicable to each
payment or benefit. Notwithstanding anything herein to the contrary, if
Executive dies following Executive’s separation from service but prior to the
six (6) month anniversary of Executive’s separation from service (or any later
delay date), then any payments delayed in accordance with this paragraph will be
payable in a lump sum as soon as administratively practicable after the date of
Executive’s death and all other Deferred Payments will be payable in accordance
with the payment schedule applicable to each payment or benefit. Each payment
and benefit payable under the Agreement is intended to constitute a separate
payment for purposes of Section 1.409A-2(b)(2) of the Treasury Regulations.

(d)    Any amount paid under this Agreement that satisfies the requirements of
the “short-term deferral” rule set forth in Section 1.409A-1(b)(4) of the
Treasury Regulations will not constitute Deferred Payments for purposes the
Agreement. Any severance payment that qualifies as a payment made as a result of
an involuntary separation from service pursuant to Section 1.409A-1(b)(9)(iii)
of the Treasury Regulations that does not exceed the Section 409A Limit shall
not constitute Deferred Payments for purposes of the Agreement. For purposes of
this section (d), “Section 409A Limit” will mean the lesser of two (2) times:
(i) Executive’s annualized compensation based upon the annual rate of pay paid
to Executive during the taxable year preceding the taxable year of Executive’s
separation from service as determined under Treasury Regulation Section
1.409A-1(b)(9)(iii)(A)(1) and any Internal Revenue Service guidance issued with
respect thereto; or (ii) the maximum amount that may be taken into account under
a qualified plan pursuant to Section 401(a)(17) of the Code for the year in
which Executive’s employment is terminated.

(e)    The foregoing provisions are intended to comply with the requirements of
Section 409A so that none of the severance payments and benefits to be provided
under the Agreement will be subject to the additional tax imposed under Section
409A, and any ambiguities herein will be interpreted to so comply. Executive and
the Company agree to work together in good faith to consider amendments to the
Agreement and to take such reasonable actions which are necessary, appropriate
or desirable to avoid imposition of any additional tax or income recognition
prior to actual payment to Executive under Section 409A.

21.    Acknowledgment. Executive acknowledges that he has had the opportunity to
discuss this matter with and obtain advice from his private attorney, has had
sufficient time to, and has carefully read and fully understands all the
provisions of this Agreement, and is knowingly and voluntarily entering into
this Agreement.

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IN WITNESS WHEREOF, each of the parties has executed this Agreement, in the case
of the Company by their duly authorized officers, as of the day and year first
above written.

COMPANY:

NETGEAR, INC.

/s/ Patrick Lo            
Patrick Lo                            Date: September 18, 2014
Chief Executive Officer

EXECUTIVE:

/s/ Jeff Capone                            Date: September 18, 2014
Jeff Capone