INDEMNIFICATION
AGREEMENT


 


This Agreement, made
and entered into this ______ day of ___, 201_ (“Agreement”), by and between TranSwitch Corporation, a Delaware corporation
(“Company”), and ____________________ (“Indemnitee”).


 


WHEREAS, the Company
desires to retain the availability of its existing officers and directors and to be in a position to attract additional persons
to serve in such capacities; and


 


WHEREAS, highly competent
persons are becoming more reluctant to serve as officers and directors or in other capacities unless they are provided with adequate
protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out
of their service to and activities on behalf of the Company; and


 


WHEREAS, the current
impracticability of obtaining adequate insurance and the uncertainties relating to indemnification have increased the difficulty
of attracting and retaining such persons; and


 


WHEREAS, it is reasonable,
prudent and necessary for the Company contractually to obligate itself to indemnify such persons to the maximum extent permitted
by applicable law so that they will serve or continue to serve the Company free from undue concern that they will not be so indemnified;


 


WHEREAS, Indemnitee
does not regard the protection available under the Company’s Amended and Restated Certificate of Incorporation, as amended
(“Certificate of Incorporation”) and Second Amended and Restated By-laws (“By-laws”) as adequate in the
present circumstances, and may not be willing to serve as an officer or a director without adequate protection and the Company
desires Indemnitee to serve in such capacity. Indemnitee is willing to serve, continue to serve and to take on additional service
for or on behalf of the Company on the condition that Indemnitee be indemnified to the maximum extent permitted by applicable law
so that Indemnitee will serve or continue to serve the Company free from undue concern that Indemnitee will not be so indemnified;


 


WHEREAS, this Agreement
is a supplement to and in furtherance of the bylaws of the Company and any resolutions adopted pursuant thereto, and shall not
be deemed a substitute therefore nor to diminish or abrogate any right of Indemnitee thereunder; and


 


NOW, THEREFORE, in
consideration of the premises and the covenants contained herein, the Company and Indemnitee do hereby covenant and agree as follows:


 


ARTICLE
I

Definitions


 


For purposes of this
Agreement the following terms shall have the meanings indicated:


 


1.01.      “Board”
shall mean the Board of Directors of the Company.


 




    	 



    	 



    

 


1.02.      “Change
of Control” shall be deemed to occur upon the earliest to occur after the date of this Agreement of any of the following
events:


 


(a)          Acquisition
of Stock by Third Party. Any Person (as defined below) is or becomes the Beneficial Owner (as defined below), directly or indirectly,
of securities of the Company representing fifteen percent (15%) or more of the combined voting power of the Company’s then
outstanding securities;


 


(b)          Change
in the Board. 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, and any new director (other than a director designated by
a person who has entered into an agreement with the Company to effect a transaction described in Sections 1.02(a), 1.02(c) or 1.02(d))
whose election by the Board or nomination for election by the Company’s stockholders was approved by a vote of a majority
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;


 


(c)          Corporate
Transactions. The effective date of a merger or consolidation of the Company with any other entity, other than a merger or
consolidation which would result in the voting securities of the Company outstanding immediately prior to such merger or consolidation
continuing to represent (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)          Liquidation.
The approval by the stockholders of the Company of a liquidation of the Company or an agreement for the sale or disposition by
the Company of all or substantially all of the Company’s assets; and


 


(e)          Other
Events. 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 (as
defined below), whether or not the Company is then subject to such reporting requirement.


 


For purposes of this
Section 1.02, the following terms shall have the following meanings:


 


		(A)	“Exchange Act” shall mean the Securities Exchange
Act of 1934, as amended from time to time, and the rules and regulations promulgated thereunder.



 


		(B)	“Person” shall have the meaning as set forth
in Sections 13(d) and 14(d) of the Exchange Act (including without limitation any two or more persons acting as a group and deemed
to be a single person under Section 13(d) pursuant to Section 13(d)(3) and Rule 13d-5 promulgated thereuder); provided, however,
that Person shall exclude (i) the Company, (ii) any trustee or other fiduciary holding securities under an employee benefit plan
of the Company, and (iii) any corporation owned, directly or indirectly, by the stockholders of the Company in substantially the
same proportions as their ownership of stock of the Company.



 




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		(C)	“Beneficial Owner” shall have the meaning given
to such term in Rule 13d-3 under the Exchange Act; provided, however, that Beneficial Owner shall exclude any Person otherwise
becoming a Beneficial Owner by reason of the stockholders of the Company approving a merger of the Company with another entity.



 


1.03.      “Corporate
Status” describes the status of a person who is or was a director, officer, employee, agent, trustee or fiduciary of
the Company or of any other corporation, limited liability company, partnership, joint venture, trust, employee benefit plan or
other enterprise for which such person is or was serving as a director, officer, employee or agent at the request of the Company.


 


1.04.      “Court”
means the Court of Chancery of the State of Delaware, the court in which the Proceeding in respect of which indemnification is
sought by Indemnitee shall have been brought or is pending, or another court having subject jurisdiction and personal jurisdiction
over the parties.


 


1.05.      “Disinterested
Director” means a director of the Company who is not and was not and is not threatened to be a party to the Proceeding
in respect of which indemnification is sought by Indemnitee.


 


1.06.      “Enterprise”
shall mean the Company and any other corporation, limited liability company, partnership, joint venture, trust, employee benefit
plan or other entity of which Indemnitee is or was serving at the request of the Company as a director, officer, employee, agent,
trustee or fiduciary.


 


1.07.      “Expenses”
shall mean all reasonable costs and expenses (including, without limitation, all reasonable attorneys’ fees, retainers, 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 expenses of the types customarily) incurred in connection
with prosecuting, defending, preparing to prosecute or defend, investigating or being or preparing to be a witness in a Proceeding
or otherwise participating in a Proceeding. Expenses also shall include (i) all reasonable costs and 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, supersede as bond, or other appeal bond or its equivalent, and (ii) for purposes of Section 8.06 only,
all reasonable costs and expenses incurred by Indemnitee in connection with the interpretation, enforcement or defense of Indemnitee’s
rights under this Agreement, by litigation or otherwise. The parties agree that for the purposes of any advancement of Expenses
for which Indemnitee has made written demand to the Company in accordance with this Agreement, all Expenses included in such demand
that are certified by affidavit of Indemnitee’s counsel as being reasonable shall be presumed conclusively to be reasonable.
Expenses, however, shall not include amounts paid in settlement by Indemnitee or the amount of judgments or fines against Indemnitee.


 




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1.08.      “Good
Faith” shall mean Indemnitee having acted in good faith and in a manner Indemnitee reasonably believed to be in or not
opposed to the best interests of the Company, and, with respect to any Proceeding which is criminal in nature, having had no reasonable
cause to believe Indemnitee’s conduct was unlawful.


 


1.09.      “Independent
Counsel” means a law firm, or a member of a law firm, that is experienced in matters of corporation law and may include
law firms or members thereof that are regularly retained by the Company but not any other party to the Proceeding giving rise to
a claim for indemnification hereunder. Notwithstanding the foregoing, the term “Independent Counsel” shall not include
any person who, under the standards of professional conduct then prevailing and applicable to such counsel, would have a conflict
of interest in representing either the Company or Indemnitee in an action to determine Indemnitee’s rights under this Agreement.
The Company agrees to pay the reasonable fees and expenses of the Independent Counsel referred to above and to fully indemnify
such counsel against any and all Expenses, claims, liabilities and damages arising out of or relating to this Agreement or its
engagement pursuant hereto.


 


1.10.      “Proceeding”
shall include any pending, threatened or completed action, suit, arbitration, alternate dispute resolution mechanism, investigation
(including any internal corporate investigation), administrative hearing or any other pending, threatened or completed proceeding
whether civil, criminal, administrative, legislative or investigative (whether formal or informal), other than one initiated by
Indemnitee including any appeal therefrom in which Indemnitee was, is or will be involved as a party, potential party, non-party
witness or otherwise by reason of the fact that Indemnitee is or was a director or officer of the Company, by reason of any action
taken by him or of any action on his part while acting as director or officer of the Company, or by reason of the fact that he
is or was serving at the request of the Company as a director, officer, employee or agent of another corporation, limited liability
company, partnership, joint venture, trust or other enterprise, in each case whether or not serving in such capacity at the time
any liability or expense is incurred for which indemnification, reimbursement, or advancement of Expenses can be provided under
this Agreement. If Indemnitee believes in good faith that a given situation may lead to or culminate in the institution of a Proceeding,
this shall be considered a Proceeding under this paragraph. For purposes of this paragraph, a “Proceeding” shall not
be deemed to have been initiated by Indemnitee where Indemnitee seeks pursuant to Article VIII of this Agreement to enforce Indemnitee’s
rights under this Agreement.


 




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ARTICLE
II

Term of Agreement


 


This Agreement shall
continue until and terminate upon the later of: (i) ten (10) years after the date that Indemnitee shall have ceased to serve as
a director, officer, employee, agent, trustee or fiduciary of the Company or of any other Enterprise; or (ii) the final termination
of all pending Proceedings in respect of which Indemnitee is granted rights of indemnification or advancement of Expenses hereunder
and of any proceeding commenced by Indemnitee pursuant to Article VIII of this Agreement relating thereto.


 


ARTICLE
III

Services by Indemnitee, Notice of Proceedings


 


3.01.      Services.
Indemnitee agrees to serve or continue to serve as an officer or director of the Company for so long as he is duly elected or appointed.
Indemnitee may at any time and for any reason resign from such position (subject to any other contractual obligation or any obligation
imposed by operation of law). This Agreement shall not be deemed an employment contract between the Company (or any of its subsidiaries
or any Enterprise) and Indemnitee. This Agreement shall continue in force after Indemnitee has ceased to serve as a director or
officer of the Company.


 


3.02.      Notice
of Proceeding. Indemnitee agrees promptly to notify the Company in writing upon being served with any summons, citation, subpoena,
complaint, indictment, information or other document relating to any Proceeding or matter which may be subject to indemnification
or advancement of Expenses covered hereunder, but the omission so to notify the Company shall not relieve the Company from its
obligations hereunder.


 


ARTICLE
IV

Indemnification


 


4.01.      In
General. In connection with any Proceeding, the Company shall indemnify and advance Expenses to Indemnitee as provided in this
Agreement and to the maximum extent permitted by applicable law in effect on the date hereof and including indemnification and
advancement of Expenses in excess of that expressly permitted by statute, including, without limitation, any indemnification provided
by the Company’s Certificate of Incorporation, the Company’s By-laws, vote of its stockholders or disinterested directors,
or applicable law.


 


4.02.      Proceedings
Other Than Proceedings by or in the Right of the Company. Indemnitee shall be entitled to the rights of indemnification to
the maximum extent not prohibited by law provided in this Section 4.02 if, by reason of Indemnitee’s Corporate Status, Indemnitee
is, or is threatened to be made, a party to or is otherwise involved in any Proceeding, other than a Proceeding by or in the right
of the Company to procure a judgment in its favor. Pursuant to this Section 4.02, Indemnitee shall be indemnified to the maximum
extent permitted by law against Expenses, judgments, penalties, fines and amounts paid in settlement actually and reasonably incurred
by Indemnitee or on Indemnitee’s behalf in connection with such Proceeding or any claim, issue or matter therein, if Indemnitee
acted in Good Faith.


 




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4.03.      Proceedings
by or in the Right of the Company. Indemnitee shall be entitled to the rights of indemnification to the maximum extent not
prohibited by law provided in this Section 4.03 if, by reason of Indemnitee’s Corporate Status, Indemnitee is, or is threatened
to be made, a party to or is otherwise involved in any Proceeding brought by or in the right of the Company to procure a judgment
in its favor. Pursuant to this Section 4.03, Indemnitee shall be indemnified to the maximum extent permitted by applicable law
against Expenses, judgments, penalties, and amounts paid in defense or settlement, actually and reasonably incurred by Indemnitee
or on Indemnitee’s behalf in connection with such Proceeding or any claim, issue or matter therein, if Indemnitee acted in
Good Faith. Notwithstanding the foregoing, no such indemnification for Expenses shall be made in respect of any claim, issue or
matter in such Proceeding as to which 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 was brought shall determine upon application that, despite the adjudication of
liability, but in view of all the circumstances of the case, Indemnitee is fairly and reasonably entitled to indemnification.


 


4.04.      Indemnification
of a Party Who is Wholly or Partly Successful. Notwithstanding any other provision of this Agreement, to the extent that Indemnitee
is, by reason of Indemnitee’s Corporate Status, a party to or is otherwise involved in and is successful, on the merits or
otherwise, in any Proceeding or in defense of any claim, issue or matter therein, in whole or in part, Indemnitee shall be indemnified
by the Company to the maximum extent permitted by law, against all Expenses, judgments, penalties, fines, and amounts paid in defense
or settlement, actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection therewith. If Indemnitee
is not wholly successful in such Proceeding but is successful, on the merits or otherwise, as to one or more but less than all
claims, issues or matters in such Proceeding, the Company shall indemnify Indemnitee to the maximum extent permitted by law, against
all Expenses, judgments, penalties, fines, and amounts paid in defense or settlement, actually and reasonably incurred by Indemnitee
or on Indemnitee’s behalf in connection with each successfully resolved claim, issue or matter. For purposes of this Section
4.04 and without limitation, the termination of any claim, issue or matter in such a Proceeding by dismissal, with or without prejudice,
shall be deemed to be a successful result as to such claim, issue or matter.


 


4.05.      Indemnification
for Expenses of a Witness. Notwithstanding any other provision of this Agreement, to the maximum extent permitted by applicable
law and to the extent that Indemnitee is, by reason of Indemnitee’s Corporate Status, a witness or otherwise asked to participate
in any Proceeding to which Indemnitee is not a party, Indemnitee shall be indemnified against all Expenses actually and reasonably
incurred by Indemnitee or on Indemnitee’s behalf in connection therewith.


 


4.06.      Partial
Indemnification. If Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for some
or a portion of Expenses, but not, however, for the total amount thereof, the Company shall nevertheless indemnify Indemnitee,
to the maximum extent not prohibited by law, for the portion thereof to which Indemnitee is entitled.


 




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4.07.      Additional
Indemnification.


 


(a)          Notwithstanding
any limitation in Sections 4.01, 4.02, 4.03, or 4.04, the Company shall indemnify Indemnitee to the maximum extent permitted by
applicable law if Indemnitee is a party to or threatened to be made a party to any Proceeding (including a Proceeding by or in
the right of the Company to procure a judgment in its favor) against all Expenses, judgments, fines and amounts paid in settlement
actually and reasonably incurred by Indemnitee in connection with the Proceeding.


 


(b)          For
purposes of Section 4.07(a), the meaning of the phrase “to the maximum extent permitted by applicable law” shall include,
but not be limited to:


 


		(A)	to the maximum extent permitted by the provision of the
General Corporation Law of the State of Delaware (the “DGCL”) that authorizes or contemplates additional indemnification
by agreement or pursuant to the Company’s Certificate of Incorporation or By-laws, or the corresponding provision of any
amendment to or replacement of the DGCL, and



 


		(B)	to the maximum extent authorized or permitted by any amendments
to or replacements of the DGCL adopted after the date of this Agreement that increase the extent to which a corporation may indemnify
its officers and directors.



 


4.08.      Exclusions.
Notwithstanding any provision in this Agreement, the Company shall not be obligated under this Agreement to make any indemnity
in connection with any claim made against Indemnitee:


 


(a)          for
which payment has actually been made to or on behalf of Indemnitee under any insurance policy, contract, agreement or other indemnity
provision or arrangement (whether with the Company or any other corporation, limited liability company, partnership, joint venture,
trust, employee benefit plan or other entity), except with respect to any excess beyond the amount actually paid under any insurance
policy contract, agreement or other indemnity provision or arrangement; or


 


(b)          for
(i) an accounting of profits made from the purchase and sale (or sale and purchase) by Indemnitee of securities of the Company
within the meaning of Section 16(b) of the Exchange Act (as defined in Section 1.02 hereof) or similar provisions of state statutory
law or common law, or (ii) any reimbursement of the Company by Indemnitee of any bonus or other incentive-based or equity-based
compensation or of any profits realized by Indemnitee from the sale of securities of the Company, as required in each case under
the Exchange Act (including any such reimbursements that arise from an accounting restatement of the Company pursuant to Section
304 of the Sarbanes-Oxley Act of 2002 (the “Sarbanes-Oxley Act”), or the payment to the Company of profits arising
from the purchase and sale by Indemnitee of securities in violation of Section 306 of the Sarbanes-Oxley Act); or


 




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(c)          except
as provided in Section 8.06 of this Agreement, in connection with any Proceeding (or any part of any Proceeding) initiated by Indemnitee,
including any Proceeding (or any part of any Proceeding) initiated by Indemnitee against the Company or its directors, officers,
employees or other indemnitees, unless (i) the Board authorized the Proceeding (or any part of any Proceeding) prior to its initiation
or (ii) the Company provides the indemnification, in its sole discretion, pursuant to the powers vested in the Company under applicable
law.


 


ARTICLE
V

Advancement of Expenses


 


Notwithstanding any
provision to the contrary in this Agreement, the Company shall, to the maximum extent not prohibited by law, advance all reasonable
Expenses which, by reason of Indemnitee’s Corporate Status, were incurred by or on behalf of Indemnitee in connection with
any Proceeding, within thirty (30) days after the receipt by the Company of a statement or statements from Indemnitee requesting
such advance or advances of Expenses, whether prior to or after final disposition of such Proceeding. Such statement or statements
shall reasonably evidence the Expenses incurred by Indemnitee and shall include or be preceded or accompanied by an undertaking
by or on behalf of Indemnitee to repay any Expenses if it shall ultimately be determined that Indemnitee is not entitled to be
indemnified against such Expenses. Any advance and undertakings to repay pursuant to this Article V shall be unsecured and interest
free and without reference to the financial ability of Indemnitee to make such repayment or to Indemnitee’s ultimate entitlement
to indemnification under other provisions of this Agreement. Advancement of Expenses pursuant to this Article V shall not require
approval of the Board or the stockholders of the Company, or of any other person or body. The Secretary of the Company shall promptly
advise the Board in writing of the request for advancement of Expenses, of the amount and other details of the advancement and
of the undertaking to make repayment pursuant to this Article V. Advances shall include any and all reasonable Expenses incurred
pursuing an action to enforce this right of advancement, including Expenses incurred preparing and forwarding statements to the
Company to support the advances claimed. This Article V shall not apply to any claim made by Indemnitee for which indemnification
is excluded pursuant to Section 4.08.


 


ARTICLE
VI

Procedures for Determination of Entitlement to Indemnification


 


6.01.      Initial
Request. To obtain indemnification under this Agreement (other than advancement of Expenses pursuant to Article V), Indemnitee
shall submit to the Company a written request, including therein or therewith such documentation and information as is reasonably
available to Indemnitee and is reasonably necessary to determine whether and to what extent Indemnitee is entitled to indemnification
including, but not limited to, a description of the nature of the Proceeding and the facts underlying the Proceeding. The Secretary
of the Company shall promptly advise the Board in writing that Indemnitee has requested indemnification. The omission by Indemnitee
to notify the Company hereunder will not relieve the Company from any liability which it may have to Indemnitee hereunder or otherwise
than under this Agreement, and any delay in so notifying the Company shall not constitute a waiver by Indemnitee of any rights
under this Agreement.


 




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6.02.      Method
of Determination. Upon written request by Indemnitee pursuant to Section 6.01, a determination (if required by applicable law)
with respect to Indemnitee’s entitlement to indemnification shall be made as follows:


 


(a)          if
a Change in Control has occurred, unless Indemnitee shall request in writing that such determination be made in accordance with
clause (b) of this Section 6.02, the determination shall be made by Independent Counsel in a written statement to the Board, a
copy of which shall be delivered to Indemnitee; or


 


(b)          if
a Change of Control has not occurred, and subject to Section 6.05, the determination shall be made by (i) the Board by a majority
vote of a quorum consisting of Disinterested Directors (or pursuant to unanimous written consent in lieu of a meeting if all of
the Company’s Directors are Disinterested). In the event that a quorum of the Board consisting of Disinterested Directors
is not obtainable or, even if obtainable, such quorum of Disinterested Directors so directs, the determination shall be made by
Independent Counsel in a written opinion to the Board, a copy of which shall be delivered to Indemnitee, (ii) a committee of Disinterested
Directors designated by a majority vote of the Disinterested Directors, even though less than a quorum of the Board, (iii) if there
are no such Disinterested Directors or, if such Disinterested Directors so direct, by Independent Counsel in a written opinion
to the Board, a copy of which shall be delivered to Indemnitee, or (iv) if so directed by the Board, by the stockholders of the
Company.


 


6.03.      Selection,
Payment, Discharge, of Independent Counsel. In the event the determination of entitlement to indemnification is to be made
by Independent Counsel pursuant to Section 6.02 of this Agreement, the Independent Counsel shall be selected, paid, and discharged
in the following manner:


 


(a)          If
a Change of Control has not occurred, the Independent Counsel shall be selected by the Board, and the Company shall give written
notice to Indemnitee advising Indemnitee of the identity of the Independent Counsel so selected.


 


(b)          If
a Change of Control has occurred, the Independent Counsel shall be selected by Indemnitee (unless Indemnitee shall request that
such selection be made by the Board, in which event clause (a) of this section shall apply), and Indemnitee shall give written
notice to the Company advising it of the identity of the Independent Counsel so selected.


 


(c)          Following
the initial selection described in clauses (a) and (b) of this Section 6.03, Indemnitee or the Company, as the case may be, may,
within seven (7) days after such written notice of selection has been given, deliver to the other party a written objection to
such selection. Such objection may be asserted only on the ground that the Independent Counsel so selected does not meet the requirements
of “Independent Counsel” as defined in Section 1.09 of this Agreement, and the objection shall set forth with particularity
the factual basis of such assertion. Absent a proper and timely objection, the person so selected shall act as Independent Counsel.
If such written objection is made, the Independent Counsel so selected may not serve as Independent Counsel unless and until a
court has determined that such objection is without merit.


 




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(d)          Either
the Company or Indemnitee may petition a Court if the parties have been unable to agree on the selection of Independent Counsel
within thirty (30) days after submission by Indemnitee of a written request for indemnification pursuant to Section 6.01 of this
Agreement. Such petition may request a determination whether an objection to the party’s selection is without merit and/or
seek the appointment as Independent Counsel of a person selected by the Court or by such other person as the Court shall designate.
A person so appointed shall act as Independent Counsel under Section 6.02 of this Agreement.


 


(e)          The
Company shall pay any and all reasonable fees and expenses of Independent Counsel incurred by such Independent Counsel in connection
with acting pursuant to this Agreement, and the Company shall pay all reasonable fees and expenses incident to the procedures of
this Section 6.03, regardless of the manner in which such Independent Counsel was selected or appointed.


 


(f)           Upon
the due commencement of any judicial proceeding or arbitration pursuant to Section 8.01(c) of this Agreement, Independent Counsel
shall be discharged and relieved of any further responsibility in such capacity (subject to the applicable standards of professional
conduct then prevailing).


 


6.04.      Cooperation.
Indemnitee shall cooperate with the person, persons or entity making the determination with respect to Indemnitee’s entitlement
to indemnification under this Agreement, including providing to such person, persons or entity upon reasonable advance request
any documentation or information which is not privileged or otherwise protected from disclosure and which is reasonably available
to Indemnitee and reasonably necessary to such determination. Any costs or expenses (including attorneys’ fees and disbursements)
incurred by Indemnitee in so cooperating with the person, persons or entity making such determination shall be borne by the Company
(irrespective of the determination as to Indemnitee’s entitlement to indemnification), and the Company hereby indemnifies
and agrees to hold Indemnitee harmless therefrom.


 


6.05.      Payment.
If it is determined that Indemnitee is entitled to indemnification, payment to Indemnitee shall be made within ten (10) days after
such determination.


 


ARTICLE
VII

Presumptions and Effect of Certain Proceedings


 


7.01.      Burden
of Proof. In making a determination with respect to entitlement to indemnification hereunder, the person, persons or entity
making such determination shall presume that Indemnitee is entitled to indemnification under this Agreement if Indemnitee has submitted
a request for indemnification in accordance with Article VI of this Agreement, and the Company shall, to the maximum extent not
prohibited by law, have the burden of proof to overcome that presumption in connection with the making by any person, persons or
entity of any determination contrary to that presumption. Neither the failure of the Company (including by its directors or Independent
Counsel) to have made a determination prior to the commencement of any action pursuant to this Agreement that indemnification is
proper in the circumstances because Indemnitee has met the applicable standard of conduct, nor an actual determination by the Company
(including by its directors or Independent Counsel) that Indemnitee has not met such applicable standard of conduct, shall be a
defense to the action or create a presumption that Indemnitee has not met the applicable standard of conduct.


 




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7.02.      Effect
of Other Proceedings. The termination of any Proceeding or of any claim, issue or matter therein, by judgment, order, settlement
or conviction, or upon a plea of guilty or of nolo contendere or its equivalent, shall not (except as otherwise expressly
provided in this Agreement) of itself adversely affect the right of Indemnitee to indemnification or create a presumption that
Indemnitee did not act in Good Faith.


 


7.03.      Reliance
as Safe Harbor. For purposes of any determination of Good Faith, Indemnitee shall be deemed to have acted in Good Faith if
Indemnitee’s action is based on the records or books of account of the Enterprise, including financial statements, or on
information supplied to Indemnitee by the officers of the Enterprise in the course of their duties, or on the advice of legal counsel
for the Enterprise or on information or records given or reports made to the Enterprise by an independent certified public accountant
or by an appraiser or other expert selected with reasonable care by the Enterprise. The provisions of this Section 7.03 shall not
be deemed to be exclusive or to limit in any way the other circumstances in which Indemnitee may be deemed to have met the applicable
standard of conduct set forth in this Agreement.


 


7.04.      Actions
of Others. The knowledge and/or actions, or failure to act, of any director, officer, employee, agent, trustee or fiduciary
of the Enterprise shall not be imputed to Indemnitee for purposes of determining the right to indemnification hereunder.


 


ARTICLE
VIII

Remedies of Indemnitee


 


8.01.      Application.
This Article VIII shall apply in the event of a Dispute. For purposes of this Article, “Dispute”, shall mean any of
the following events:


 


(a)          a
determination is made pursuant to Article VI of this Agreement that Indemnitee is not entitled to indemnification under this Agreement;


 


(b)          advancement
of Expenses is not timely made pursuant to Article V of this Agreement;


 


(c)          the
determination of entitlement to be made pursuant to Section 6.02 of this Agreement has not been made within ninety (90) days after
receipt by the Company of the request for indemnification;


 


(d)          payment
of indemnification is not made pursuant to Section 4.05 of this Agreement within ten (10) days after receipt by the Company of
a written request therefor;


 




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(e)          payment
of indemnification is not made within ten (10) days after a determination has been made that Indemnitee is entitled to indemnification
or such determination is deemed to have been made pursuant to Article VI of this Agreement; or


 


(f)           the
event that the Company or any other person takes or threatens to take any action to declare this Agreement void or unenforceable,
or institutes any litigation or other action or Proceeding designed to deny, or to recover from, Indemnitee the benefits provided
or intended to be provided to Indemnitee hereunder, Indemnitee shall be entitled to an adjudication by a court of his entitlement
to such indemnification or advancement of Expenses.


 


8.02.      Adjudication.
In the event of a Dispute, Indemnitee shall be entitled to an adjudication in an appropriate Court of Indemnitee’s entitlement
to such indemnification or advancement of Expenses. Alternatively, Indemnitee, at Indemnitee’s option, may seek an award
in arbitration to be conducted by a single arbitrator pursuant to the rules of the American Arbitration Association. Indemnitee
shall commence such proceeding seeking an adjudication or an award in arbitration within one hundred eighty (180) days following
the date on which a Dispute arose. The Company shall not oppose Indemnitee’s right to seek any such adjudication or award
in arbitration.


 


8.03.      De
Novo Review. In the event that a determination shall have been made pursuant to Article VI of this Agreement that Indemnitee
is not entitled to indemnification, any judicial proceeding or arbitration commenced pursuant to this Article VIII shall be conducted
in all respects as a de novo trial, or arbitration, on the merits and Indemnitee shall not be prejudiced by reason of that
adverse determination. In any such proceeding or arbitration, the Company shall have the burden of proving that Indemnitee is not
entitled to indemnification or advancement of Expenses, as the case may be.


 


8.04.      Company
Bound. If a determination shall have been made or deemed to have been made pursuant to Article VI of this Agreement that Indemnitee
is entitled to indemnification, the Company shall be bound by such determination in any judicial proceeding or arbitration absent
(i) a misstatement by Indemnitee of a material fact, or any omission of a material fact necessary to make Indemnitee’s statement
not materially misleading, in connection with Indemnitee’s request for indemnification, or (ii) a prohibition of such indemnification
under applicable law.


 


8.05.      Procedures
Valid. The Company shall be precluded from asserting in any judicial proceeding or arbitration commenced pursuant to this Article
VIII that the procedures and presumptions of this Agreement are not valid, binding and enforceable and shall stipulate in any such
court or before any such arbitrator that the Company is bound by all the provisions of this Agreement.


 




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8.06.      Expenses
of Adjudication. The Company shall, to the maximum extent not prohibited by law, be precluded from asserting in any judicial
proceeding or arbitration commenced pursuant to this Section 8.06 that the procedures and presumptions of this Agreement are not
valid, binding and enforceable and shall stipulate in any such court or before any such arbitrator that the Company is bound by
all the provisions of this Agreement. It is the intent of the Company that, to the maximum extent permitted by law, Indemnitee
not be required to incur legal fees or other Expenses associated with the interpretation, enforcement or defense of Indemnitee’s
rights under this Agreement by litigation or otherwise because the cost and expense thereof would substantially detract from the
benefits intended to be extended to Indemnitee hereunder. The Company shall, to the maximum extent permitted by law, indemnify
Indemnitee against any and all Expenses and, if requested by Indemnitee, shall (within ten (10) days after receipt by the Company
of a written request therefor) advance, to the extent not prohibited by law, such Expenses to Indemnitee, which are incurred by
Indemnitee in connection with any action brought by Indemnitee for indemnification or advance of Expenses from the Company under
this Agreement or under any directors’ and officers’ liability insurance policies maintained by the Company if Indemnitee
is wholly successful on the underlying claims; if Indemnitee is not wholly successful on the underlying claims, then such indemnification
and advancement shall be only to the extent Indemnitee is successful on such underlying claims or otherwise as permitted by law,
whichever is greater.


 


ARTICLE
IX

Non-Exclusivity, Insurance, Subrogation


 


9.01.      Non-Exclusivity.
The rights of indemnification and to receive advancement of Expenses as provided by this Agreement shall not be deemed exclusive
of any other rights to which Indemnitee may at any time be entitled under applicable law, the Company’s Certificate of Incorporation,
the Company’s By-Laws, any agreement, a vote of shareholders or a resolution of Disinterested Directors, or otherwise. No
amendment, alteration, rescission or replacement of this Agreement or any provision hereof shall be effective as to Indemnitee
with respect to any action taken or omitted by such Indemnitee in Indemnitee’s Corporate Status prior to such amendment,
alteration, rescission or replacement. To the extent that a change in Delaware law, whether by statute or judicial decision, or
a change in the Company’s By-laws or Certificate of Incorporation, permits greater indemnification or advancement of Expenses
than would be afforded currently under the Company’s By-laws, Certificate of Incorporation and this Agreement, it is the
intent of the parties hereto that Indemnitee shall enjoy by this Agreement the greater benefits so afforded by such change.


 


9.02.      Insurance.
The Company may maintain, at its expense, an insurance policy or policies to protect itself and Indemnitee against liability arising
out of the subject matter of this Agreement or otherwise.


 


9.03.      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 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.


 




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ARTICLE
X

General Provisions


 


10.01.    Successors
and Assigns. This Agreement shall be binding upon the Company and its successors and assigns and shall inure to the benefit
of Indemnitee and Indemnitee’s legal representatives, heirs, executors and administrators.


 


10.02.    Severability.
If any provision or provisions of this Agreement shall be held to be invalid, illegal or unenforceable for any reason whatsoever:


 


(a)          the
validity, legality and enforceability of the remaining provisions of this Agreement (including without limitation, each portion
of any Section of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not itself
invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby; and


 


(b)          to
the maximum extent possible, the provisions of this Agreement (including, without limitation, each portion of any section of this
Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not itself invalid, illegal or unenforceable)
shall be construed so as to give effect to the intent manifested by the provision held invalid, illegal or unenforceable.


 


10.03.    No
Adequate Remedy. The parties declare that it is impossible to measure in money the damages which will accrue to either party
by reason of a failure to perform any of the obligations under this Agreement. Therefore, if either party shall institute any action
or proceeding to enforce the provisions hereof, such party against whom such action or proceeding is brought hereby waives the
claim or defense that such party has an adequate remedy at law, and such party shall not urge in any such action or proceeding
the claim or defense that the other party has an adequate remedy at law.


 


10.04.    Headings.
The headings of the paragraphs of this Agreement are inserted for convenience only and shall not be deemed to constitute part of
this Agreement or to affect the construction thereof.


 


10.05.    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 or shall constitute a waiver of any
other provisions hereof (whether or not similar) nor shall such waiver constitute a continuing waiver.


 


10.06.    Notices.
All notices, requests, demands and other communications hereunder shall be in writing and shall be deemed to have been duly given
if (i) delivered by hand and receipted for by the party to whom said notice or other communication shall have been directed, or
(ii) mailed by certified or registered mail with postage prepaid, on the third business day after the date on which it is so mailed:


 


	If to Indemnitee, to:       	As shown with Indemnitee’s
	 	signature below.


 




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	If to the Company, to:      	TranSwitch Corporation
	 	3 Enterprise Drive 
	 	Shelton, CT  06484


 


or to such other address as may have been
furnished to Indemnitee by the Company or to the Company by Indemnitee, as the case may be.


 


10.07.    Governing
Law. The parties agree that this Agreement shall be governed by, and construed and enforced in accordance with, the laws of
the State of Delaware without application of the conflict of laws principles thereof.


 


10.08.    Entire
Agreement. This Agreement constitutes the entire agreement and understanding between the parties hereto in reference to all
the matters herein agreed upon. This Agreement replaces in full all prior indemnification agreements or understandings of the parties
hereto, and any all such prior agreements or understandings are hereby rescinded by mutual agreement.


 


[Remainder of Page
Intentionally Left Blank]


 




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IN WITNESS WHEREOF,
the parties hereto have executed this Agreement on the day and year first above written.


 


	 	 	 	TRANSWITCH CORPORATION
	ATTEST:	 	 	 
	 	 	 	 
	By:	 	 	By:	 
	Name:	 	 	Name:	M. Ali Khatibzadeh
	 	 	 	Title:	Chief Executive Officer
	 	 	 	 	 
	 	 	 	INDEMNITEE
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	Name:	[Officer or Director]
	 	 	 	Address:  	[address]
	 	 	 	 	[City, State, Zip]


 








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