Exhibit 10.13




 Exhibit 10.13 

SECOND LOAN MODIFICATION AGREEMENT 

This Second Loan Modification Agreement (“Agreement”) is made as of July 1, 2010, by and among CATHAY BANK (“Bank”),
VERISILICON, INC. (“Company”) and VERISILICON HOLDINGS CO., LTD, formerly known as VERISILICON HOLDINGS (Cayman Islands) Co., Ltd. (“Parent” and together with Company, the “Borrowers” and each a “Borrower”).

 Factual Background 

A. Borrowers executed a Loan and Security Agreement, a Promissory Note and other loan documents dated June 27, 2008 in favor of Bank
evidencing and security a credit facility in the amount of Eight Million and No/100 Dollars ($8,000,000.00) (the “Loan”). 
 B.
The original Revolving Maturity Date, as such term is used in the Loan and Security Agreement, was June 27, 2009. 
 C. Borrowers and
Bank entered into a Loan Extension Agreement With Waivers and Forbearance of Covenant Violations (“First Extension”) as of June 25, 2009 by which the Revolving Maturity Date of the Loan was extended for a period of Five
(5) months to November 27, 2009 and by which Bank waived and agreed to forbear certain violations of the covenants provided for in the Loan and Security Agreement. 

D. Borrowers and Bank entered into a Second Loan Extension Agreement With Forbearance of Covenant Violations (“Second Extension”) as
of December 8, 2009 by which the Revolving Maturity Date of the Loan was extended for a period of Two (2) months to January 29, 2010 and by which Bank agreed to forbear certain violations of the covenants provided for in the Loan and
Security Agreement. 
 E. Borrowers and Bank entered into a Third Loan Extension Agreement With Forbearance of Covenant Violations
(“Third Extension”) as of January 29, 2010 by which the Revolving Maturity Date of the Loan was extended for a period of Two (2) months to April 1, 2010 and by which Bank agreed to forbear certain violations of the covenants
provided for in the Loan and Security Agreement. 
 F. Borrowers and Bank entered into a First Loan Modification Agreement (“First
Amendment”) as of April 1, 2010 by which the Revolving Maturity Date of the Loan was extended for a period of One (1) year to April 1, 2011 certain defined terms we redefined so as to affect the calculation of the Borrowing Base
and other provisions of the Loan were modified. 
 G. The Loan is now being further modified and the Borrowers and Bank have agreed to
various modifications to the Loan. 

  

			
	                    Cathay Bank Loan Modification Agreement	  	VeriSilicon Inc.                    


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 H. This Agreement is contingent on the Borrowers agreeing to the provisions in this Agreement,
the Guarantor of the Loan reaffirming its Guaranty and VeriSilicon Electronics Co., Ltd., a company organized under the laws of the Republic of China, the Debtor under that certain Security Agreement dated June 27, 2008, which grants Bank a
security interest in certain collateral as security for the Loan, acknowledging that the Security Agreement remains effective. 
 I. As used
here, the term “Loan Documents” means the Loan and Security Agreement, the Promissory Note, the Security Agreement, the First, Second and Third Extensions and any other documents executed by Borrowers and other parties in connection with
the Loan, as any or all of them may have been amended to date. This Agreement is a Loan Document. 
 Agreement 

Therefore, Borrowers and Bank agree as follows: 

1. Recitals. The recitals set forth above in the Factual Background are true, accurate and correct. 

2. Reaffirmation of Loan Documents. Borrowers hereby agree to pay the obligations represented by the Promissory Note; acknowledge that
the Collateral described in the Loan and Security Agreement shall remain as security for the Loan; acknowledge that nothing in this Agreement shall affect the priority of the lien of the UCC-1 Financing Statement or like instrument filed with
applicable governmental entities over other liens and encumbrances against the Collateral; and agree to be bound by all of the terms and conditions contained in the Loan and Security Agreement, the Promissory Note and other Loan Documents as they
may be amended by this Agreement. Borrowers acknowledge that they have no claims, offsets or defenses with respect to the payment of sums due under the Promissory Note or any other Loan Document. Further, Borrowers acknowledge and agree that as
expressly provided herein, this Agreement does not constitute a waiver by Bank of any of its rights under the Loan and Security Agreement, the Promissory Note or the other Loan Documents, and the events described herein, do not in any way release
Borrowers from their obligations to comply with the terms, provisions, conditions, covenants, agreements and clauses of the Loan and Security Agreement, the Promissory Note or the other Loan Documents. 

3. Non-Formula Advance. The aggregate outstanding advance amount of $1,500,000 permitted without regard to the Borrowing Base
limitation as provided for in Section 2.1(b)(i) shall apply through April 1, 2011. 
 4. Letter of Credit Sublimit. The
defined term “Letter of Credit Sublimit” in Section 1.1 of the Loan and Security Agreement is amended to read: 
 “Letter
of Credit Sublimit” means a sublimit for Letters of Credit under the Revolving Line not to exceed Two Million Dollars ($2,000,000). 

  

			
	                    Cathay Bank Loan Modification Agreement	  	VeriSilicon Inc.                    


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 5. Financial Statements, Reports, Certificates. The time period within which Borrower
shall deliver audited consolidated financial statements of Parent and its Subsidiaries prepared in accordance with GAAP, consistently applied, to Bank after the end of Parent’s fiscal year, is increased to three hundred (300) days or until
October 31, 2010. 
 6. Conditions Precedent. Before this Agreement becomes effective and Bank becomes obligated under it, all
of the following conditions shall have been satisfied at Borrowers’ sole cost and expenses in a manner acceptable to Bank in the exercise of Bank’s sole judgment: 

(a) Bank shall have received such assurance as Bank may require that the validity and priority of the UCC-1 financing statements have not been
and will not be impaired by this Agreement or the transactions contemplated by it. 
 (b) Borrowers shall have delivered to Bank the
following documents and other items, executed and acknowledged as appropriate, all in form and substance satisfactory to Bank: (i) this Agreement, (ii) the Reaffirmation of Guaranty executed by Guarantor and (iii) the Acknowledgment
of VeriSilicon Electronics Co., Ltd. 
 (c) Bank shall have received reimbursement, in immediately available funds, of all costs and
expenses incurred by Bank in connection with this Agreement, including, without limitation, charges for attorneys’ fees and costs. 

7. Condition Subsequent. After this Agreement becomes effective and any party becomes obligated under it, all of the following
conditions shall continue to be satisfied at Borrowers’ sole cost and expenses in a manner acceptable to Bank in the exercise of Bank’s reasonable judgment or such failure by Borrower to comply with such conditions shall be an Event of
Default under the Loan: 
 (a) Borrowers shall deliver to Bank, as soon as possible after this Agreement becomes effective, the original
signature of any person signing this Agreement and/or the other agreements described in Section 5(b) above whose signature was only available to Bank by facsimile on the date this Agreement became effective. 

8. Borrowers’ Representations and Warranties. Borrowers represent and warrant to Bank as follows: 

(a) Loan Documents. All representations and warranties made and given by Borrowers in the Loan Documents are true, accurate and
correct. 
 (b) No Default. Except for any existing covenant violations, no Event of Default has occurred and is continuing, and no
event has occurred and is continuing which, with notice or the passage of time or both, would be an Event of Default. 
 (c)
Collateral. Borrowers lawfully hold free and clear title to the Collateral. 

  

			
	                    Cathay Bank Loan Modification Agreement	  	VeriSilicon Inc.                    


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 (d) No Violation. Neither Borrower is in violation of, nor do the terms of this Agreement
conflict with, any regulation or ordinance, any order of any court or governmental entity, or any material covenant or agreement affecting either Borrower. There are no claims, actions, proceedings or investigations pending or threatened against
Borrowers except for those previously disclosed by Borrowers to Bank in writing. 
 (e) Financial Information. All financial
information which has been and will be delivered to Bank, including all information relating to the financial condition of Borrowers, does and will fairly and accurately represent the financial condition being reported on. As of the date hereof,
there has been no material adverse change in the financial condition last reported to Bank. 
 9. Miscellaneous Provisions. 

(a) No Waiver; Consents. No alleged waiver by Bank shall be effective unless in writing, and no waiver shall be construed as a
continuing waiver. No waiver shall be implied from any delay or failure by Bank to take action on account of any default of Borrowers. Consent by Bank to any act or omission by Borrowers shall not be construed as consent to any other or subsequent
act or omission. 
 (b) Heirs, Successors and Assigns. The terms of this Agreement shall bind and benefit the heirs, legal
representatives, successors and assigns of the parties; provided, however, that Borrowers may not assign this Agreement without the prior written consent of Bank. Bank shall have the right to transfer the Note to any other persons or entities
without the consent of or notice to Borrowers. Without the consent of or notice to Borrowers, Bank may disclose to any prospective purchaser of any securities issued by Bank, and to any prospective or actual purchaser of any interest in the Note or
any other loans made by Bank to Borrowers, any financial or other information relating to Borrowers, the Loan and Security Agreement, the Promissory Note, the Security Agreement or the Collateral. 

(c) Interpretation. The language of this Agreement shall be construed as a whole according to its fair meaning, and not strictly for or
against any party. The word “include(s)” means “include(s), without limitation,” and the word “including” means “including, but not limited to.” Whenever Borrowers are obligated to pay or reimburse Bank for
any attorneys’ fees, those fees shall include the allocated costs for services of in-house counsel. 
 (d) Counterparts;
Validity. This Agreement and any attached consents or exhibits requiring signatures may be executed in counterparts, and all counterparts shall constitute but one and the same document. If any court of competent jurisdiction determines any
provision of this Agreement or any of the other Loan Documents to be invalid, illegal or unenforceable, that portion shall be deemed severed from the rest, which shall remain in full force and effect as though the invalid, illegal or unenforceable
portion had never been a part of the Loan Documents. This Agreement shall be governed by the laws of the State of California, without regard to the choice of law rules of that State. 

  

			
	                    Cathay Bank Loan Modification Agreement	  	VeriSilicon Inc.                    


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 (e) Incorporation. This Agreement shall form a part of each Loan Document, and all
references to given Loan Documents shall mean that document as hereby modified. 
 (f) No Prejudice; Reservation of Rights. This
Agreement shall not prejudice any rights or remedies of Bank under the Loan Documents. Bank reserves, without limitation, all rights which it has against any indemnitor, guarantor, or endorser of the Promissory Note. 

(g) No Impairment. Except as specifically hereby amended, the Loan Documents shall each remain unaffected by this Agreement and all
such documents shall remain in full force and effect. Nothing in this Agreement shall impair the lien of the UCC-1 financing statements. 

(h) Purpose and Effect of Bank’s Approval. Bank’s approval of any matter in connection with the Loan shall be for the sole
purpose of protecting Bank’s security and rights. No such approval shall result in a waiver of any default of Borrowers except as expressly set forth therein. In no event shall Bank’s approval be a representative of any kind with regard to
the matter being approved. 
 (i) Integration. The Loan Documents, including this Agreement: (a) integrate all the terms and
conditions mentioned in or incidental to the Loan Documents; (b) supersede all oral negotiations and prior and other writings with respect to their subject matter; and (c) are intended by the parties as the final expression of the
agreement with respect to the terms and conditions set forth in those documents and as the complete and exclusive statement of the terms agreed to by the parties. If there is any conflict between the terms, conditions and provisions of this
Agreement and those of any other agreement or instrument, including any of the other Loan Documents, the terms, conditions and provisions of this Agreement shall prevail. 

SIGNATURES APPEAR ON THE NEXT PAGE 

  

			
	                    Cathay Bank Loan Modification Agreement	  	VeriSilicon Inc.                    


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 NOW; THEREFORE, in consideration of the extension of the Revolving Maturity Date and the covenants, agreements,
representations and warranties set forth in this Agreement, the receipt and legal sufficiency of which hereby are acknowledged, Borrowers and Bank have executed this Agreement as of the day and year first above written. 

 

			
	CATHAY BANK
		
	By:		/s/ Jane Ho
	Title:		SVP and High Tech Manager
	
	VERISILICON, INC.
	
	/s/ Ralph J. Harms
	By:		Ralph J. Harms
	Title:		CFO
	
	VERISILICON HOLDINGS CO. LTD.
	
	/s/ Ralph J. Harms
	By:		Ralph J. Harms
	Title:		CFO



  

			
	                    Cathay Bank Loan Modification Agreement		VeriSilicon Inc.                    


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 EXHIBIT D 

COMPLIANCE CERTIFICATE 
  

			
	TO:	  	CATHAY BANK
		
	FROM:	  	VERISILICON, INC. & VERISILICON HOLDINGS (CAYMAN ISLANDS) CO., LTD. (“Borrowers”)

 The undersigned authorized officer of VERISILICON, INC. and VERISILICON HOLDINGS (CAYMAN ISLANDS) CO. LTD.
hereby certify that in accordance with the terms and conditions of the Loan and Security Agreement among Borrowers and Bank (the “Agreement”), (i) Borrower is in compliance for the period ending
             with all required covenants set forth below except as otherwise noted below. Attached herewith are the required documents supporting the above certification. The Officer
further certifies that these are prepared in accordance with Generally Accepted Accounting Principles (GAAP) and are consistently applied from one period to the next except (i) as explained in an accompanying letter or footnotes and
(ii) with respect to unaudited financial statements for the absence of footnotes and subject to year end adjustments. 
 Please
indicate compliance status by circling Yes/No under “Complies” column. 
  

									
	 Reporting Covenant
	  	 Required
	  	 	  	 Complies

					
	Monthly financial statements	  	Monthly within 30 days	  		  	Yes	  	No
	Annual (CPA Audited)	  	FYE within 300 days	  		  	Yes	  	No
	A/R & A/P Agings, Borrowing Base Cert., booking and revenue reports	  	Monthly (Semi-monthly) within 30 days	  	Yes	  	No
	Compliance Cert.	  	Quarterly within 30 days	  		  	Yes	  	No
				
	 Financial Covenant
	  	 Required
	  	 Actual
	  	 Complies

					
	Consolidated Minimum Current Ratio	  	0.70:1.00	  		  	Yes	  	No
	Consolidated Maximum Debt to Net Worth Ratio	  	4.00:1.00 (or 4.25:1.00 for Q3 2010)	  		  	Yes	  	No
	Consolidated Minimum Net Worth	  	$8,500,000.00 ($10,000,000 after Q2 2010	  		  	Yes	  	No
	Consolidated Minimum Quarterly Cash	  	$2,000,000.00	  		  	Yes	  	No
	Consolidated Minimum Cash Deposits with Bank	  	$2,500,000.00	  		  	Yes	  	No
	Consolidated Minimum Net Profits	  	$250,000.00	  		  	Yes	  	No


  

			
	                    Cathay Bank Loan Modification Agreement	  	VeriSilicon Inc.                    


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	Comments Regarding Exceptions: See Attached.	 		 	BANK USE ONLY
						
		 		 		 		 	Received by:	 	  

	Sincerely,	 		 		 		 	AUTHORIZED SIGNER
				
		 	VERISILICON, INC.	 	Date:	 	  

						
		 	By:	 	/s/ Ralph Harms	 		 	Verified:	 	
		 		 	  
	 		 		 	  

		 		 	SIGNATURE	 		 		 	AUTHORIZED SIGNER
		 	Title:	 	 CFO
	 		 	Date:	 	  

							
		 		 	 7/23/10
	 		 	Compliance Status	 	Yes            	 	No
		 		 	Date	 		 	
				
		 	VERISILICON HOLDINGS (CAYMAN ISLANDS) CO. LTD.	 		 	
					
		 	By:	 	/s/ Ralph Harms	 		 	
		 		 	  
	 		 		 		 		 	
		 		 	SIGNATURE	 		 	  

		 	Title:	 	 CFO
	 		 	  

		 		 	 7/23/10
	 		 	  

		 		 	Date	 		 	


  

			
	                    Cathay Bank Loan Modification Agreement	  	VeriSilicon Inc.                    


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 Cathay Bank 

ACKNOWLEDGMENT OF CONTINUING SECURITY INTEREST 

The Undersigned (hereinafter referred to as “Grantor”) hereby acknowledges and agrees that he/she/it has read and is familiar with, and hereby
consents to, all of the terms and conditions of a Second Loan Modification Agreement between CATHAY BANK (“Bank”), VERISILICON, INC. (“Company”) and VERISILICON HOLDINGS CO., LTD, formerly known as VERISILICON HOLDINGS (Cayman
Islands) Co., Ltd. (“Parent” and together with Company, the “Borrowers” and each a “Borrower”), dated as of July 1, 2010 and all of the agreements and documents referred to therein, and specifically consent to the
financial accommodations extended and to be extended by Bank to Borrower as set forth therein, and in said agreements and documents. Grantor hereby confirms and agrees that all of the terms and provisions of that certain Security Agreement dated
June 27, 2008 (hereinafter referred to as the “Security Agreement”), are hereby ratified and confirmed, and shall continue in full force and effect as granting a security interest in the described collateral for all obligations of
Borrowers to Bank, however evidenced. 
 Although Bank has informed Grantor of the Second Loan Modification Agreement, and Grantor has acknowledged having
read the same and consented to all of the terms and conditions thereof, Grantor understands and agrees that Bank has no duty under any agreement with Borrowers, the Security Agreement or any agreement with the Grantor to so notify the Grantor or to
seek such an acknowledgment and consent, and nothing contained herein is intended to, or shall create such a duty as to any advances or transactions hereafter. 

ARBITRATION. Bank and Grantor agree that all disputes, claims and controversies between them, whether individual, joint, or class in nature,
arising from this Acknowledgement of Continuing Security Interest and the Security Agreement, including without limitation contract and tort disputes, shall be arbitrated pursuant to the rules of the American Arbitration Association
(“AAA”) in accordance with its Commercial Arbitration Rules and Supplemental Procedures for Financial Services Disputes, upon request of either party. No act to take or dispose of any collateral securing this Acknowledgement of Continuing
Security Interest and the Security Agreement shall constitute a waiver of this arbitration agreement or be prohibited by this arbitration agreement. This includes, without limitation, obtaining injunctive relief or a temporary restraining order;
invoking a power of sale under any deed of trust or mortgage; obtaining a writ of attachment or imposition of a receiver; or exercising any rights relating to personal property, including taking or disposing of such property with or without judicial
process pursuant to article 9 of the Uniform Commercial Code. Any disputes, claims, or controversies concerning the lawfulness or reasonableness of any act, or exercise of any right, concerning any collateral securing this Acknowledgement of
Continuing Security Interest and the Security Agreement, including without limitation, any claim to rescind, reform, or otherwise modify any agreement relating to the collateral securing this Acknowledgement of Continuing Security Interest and the
Security Agreement shall also be arbitrated, provided 

  
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however that no arbitrator shall have the right or the power to enjoin or restrain any act of any party. Bank and Grantor agree that in the event of an action for judicial foreclosure pursuant to
California Code of Civil Procedure Section 726, or any similar provision in any other State, the commencement of such an action will not constitute a waiver of the right to arbitrate and the court shall refer to arbitration as much of such
action, including counterclaims, as lawfully may be referred to arbitration. Judgment upon any award rendered by any arbitrator may be entered in any court having jurisdiction. The arbitrators shall not have power to make an award of $1.0 million or
more against any party to an arbitration unless it is in the form of a statement of decision as described in California Code of Civil Procedure Section 632, and the parties specifically reserve the right, upon a petition to vacate, to have any
such award reviewed and vacated upon the same grounds as would result in reversal on appeal from a judgment after trial by court. Nothing in this Acknowledgement of Continuing Security Interest and the Security Agreement shall preclude any party
from seeking equitable relief from a court of competent jurisdiction. The statute of limitations, estoppel, waiver, laches, and similar doctrines which would otherwise be applicable in an action brought by a party shall be applicable in any
arbitration proceeding, and the commencement of an arbitration proceeding shall be deemed the commencement of an action for these purposes. 
 To the
extent not provided by this agreement, including the Rules incorporated herein, arbitration hereunder shall be governed by California arbitration law. Arbitration shall be conducted in California, in English and, unless otherwise agreed to by the
parties with respect to a particular dispute, shall be heard by a panel of three arbitrators. The arbitrators in any arbitration shall be experienced in the areas of law raised by the subject matter of the dispute. Lists of prospective arbitrators
shall include retired judges. Notwithstanding the AAA rules, (a) any party may strike from a list of prospective arbitrators any individual who is regarded by that party as not appropriate for the dispute; and (b), if the arbitrator appointment
cannot be made from the initial list of prospective arbitrators circulated by the AAA, a second and, if necessary, a third list shall be circulated and exhausted before the AAA is empowered to make the appointment. 

The Federal Arbitration Act shall apply to the construction, interpretation, and enforcement of this arbitration provision 

By these provisions, each party waives the constitutional right to a jury trial to resolve a dispute arising under this agreement. 

 

									
	Dated:	 	 7/23/10
	 		 	“Grantor”
				
		 		 		 	VERISILICON ELECTRONICS CO., LTD.,
					
		 		 		 	By:	 	/s/   Wayne Wei-Ming Dai
		 		 		 		 	  

		 		 		 	Name:	 	
		 		 		 	Title:	 	


  
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REAFFIRMATION OF GUARANTY 
 The
Undersigned (hereinafter referred to as “Guarantor”) hereby acknowledges and agrees that he/she/it has read and is familiar with, and hereby consents to, all of the terms and conditions of a Second Loan Modification Agreement between
CATHAY BANK (“Bank”), VERISILICON, INC. (“Company”) and VERISILICON HOLDINGS CO., LTD, formerly known as VERISILICON HOLDINGS (Cayman Islands) Co., Ltd. (“Parent” and together with Company, the “Borrowers” and
each a “Borrower”), dated as of July 1, 2010 and all of the agreements and documents referred to therein, and specifically consent to the financial accommodations extended and to be extended by Bank to Borrower as set forth therein,
and in said agreements and documents. Guarantor hereby confirms and agrees that all of the terms and provisions of that certain Guaranty dated June 27, 2008 (hereinafter referred to as the “Guaranty”), are hereby ratified and
confirmed, and shall continue in full force and effect as the guaranty of all obligations of Borrowers to Bank, however evidenced. 
 Although Bank has
informed Guarantor of the Second Loan Modification Agreement, and Guarantor has acknowledged having read the same and consented to all of the terms and conditions thereof, Guarantor understands and agrees that Bank has no duty under any agreement
with Borrowers, the Guaranty or any agreement with the Guarantor to so notify the Guarantor or to seek such an acknowledgment and consent, and nothing contained herein is intended to, or shall create such a duty as to any advances or transactions
hereafter. 
 ARBITRATION. Bank and Guarantor agree that all disputes, claims and controversies between them, whether individual, joint, or
class in nature, arising from this Reaffirmation of Guaranty and the Guaranty, including without limitation contract and tort disputes, shall be arbitrated pursuant to the rules of the American Arbitration Association (“AAA”) in accordance
with its Commercial Arbitration Rules and Supplemental Procedures for Financial Services Disputes, upon request of either party. No act to take or dispose of any collateral securing this Reaffirmation of Guaranty and the Guaranty shall constitute a
waiver of this arbitration agreement or be prohibited by this arbitration agreement. This includes, without limitation, obtaining injunctive relief or a temporary restraining order; invoking a power of sale under any deed of trust or mortgage;
obtaining a writ of attachment or imposition of a receiver; or exercising any rights relating to personal property, including taking or disposing of such property with or without judicial process pursuant to article 9 of the Uniform Commercial Code.
Any disputes, claims, or controversies concerning the lawfulness or reasonableness of any act, or exercise of any right, concerning any collateral securing this Reaffirmation of Guaranty and the Guaranty, including without limitation, any claim to
rescind, reform, or otherwise modify any agreement relating to the collateral securing this Reaffirmation of Guaranty and the Guaranty shall also be arbitrated, provided however that no arbitrator shall have the right or the power to enjoin or
restrain any act of any party. Bank and Guarantor agree that in the event of an action for judicial foreclosure pursuant to California Code of Civil 

  
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Procedure Section 726, or any similar provision in any other State, the commencement of such an action will not constitute a waiver of the right to arbitrate and the court shall refer to
arbitration as much of such action, including counterclaims, as lawfully may be referred to arbitration. Judgment upon any award rendered by any arbitrator may be entered in any court having jurisdiction. The arbitrators shall not have power to make
an award of $1.0 million or more against any party to an arbitration unless it is in the form of a statement of decision as described in California Code of Civil Procedure Section 632, and the parties specifically reserve the right, upon a
petition to vacate, to have any such award reviewed and vacated upon the same grounds as would result in reversal on appeal from a judgment after trial by court. Nothing in this Reaffirmation of Guaranty and the Guaranty shall preclude any party
from seeking equitable relief from a court of competent jurisdiction. The statute of limitations, estoppel, waiver, laches, and similar doctrines which would otherwise be applicable in an action brought by a party shall be applicable in any
arbitration proceeding, and the commencement of an arbitration proceeding shall be deemed the commencement of an action for these purposes. 
 To the
extent not provided by this agreement, including the Rules incorporated herein, arbitration hereunder shall be governed by California arbitration law. Arbitration shall be conducted in California, in English and, unless otherwise agreed to by the
parties with respect to a particular dispute, shall be heard by a panel of three arbitrators. The arbitrators in any arbitration shall be experienced in the areas of law raised by the subject matter of the dispute. Lists of prospective arbitrators
shall include retired judges. Notwithstanding the AAA rules, (a) any party may strike from a list of prospective arbitrators any individual who is regarded by that party as not appropriate for the dispute; and (b), if the arbitrator appointment
cannot be made from the initial list of prospective arbitrators circulated by the AAA, a second and, if necessary, a third list shall be circulated and exhausted before the AAA is empowered to make the appointment. 

The Federal Arbitration Act shall apply to the construction, interpretation, and enforcement of this arbitration provision 

By these provisions, each party waives the constitutional right to a jury trial to resolve a dispute arising under this agreement. 

 

									
	Dated:		 7/23/10
				“Guarantor
				
							VERISILICON ELECTRONICS CO., LTD (TAIWAN)
					
							By:		/s/ Wayne Wei-Ming Dai
		 		 		 		 	  

							Name:		
							Title:		
									
									
									
									
									
									


  
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