AND INVESTMENT ADVISORS WITH REGARD TO THIS REFORMATION OF
STOCK OPTION AGREEMENT, AND IS NOT RELYING ON THE COMPANY OR ITS AGENTS FOR SUCH
ADVICE.
THE OPTIONEE AGREES THAT THE COMPANY SHALL NOT BE LIABLE FOR ANY COSTS,
TAXES, LOSS OR DAMAGE THAT THE OPTIONEE MAY INCUR BY ENTERING INTO THE AGREEMENT
OR THIS REFORMATION OF STOCK OPTION AGREEMENT; IT BEING UNDERSTOOD THAT THE
OPTIONEE WILL NOT PURSUE A CLAIM, WHETHER BY WAY OF INDEMNIFICATION OR OTHERWISE
(I) WITH RESPECT TO SUCH COSTS, TAXES, LOSS OR DAMAGE, (II) WITH RESPECT TO
AMOUNTS PAID TO THE COMPANY PURSUANT TO PARAGRAPHS B AND C OF THIS REFORMATION
OF STOCK OPTION AGREEMENT OR (III) WITH RESPECT TO COSTS INCURRED IN CONNECTION
WITH THE NEGOTIATION AND PREPARATION OF THIS REFORMATION OF STOCK OPTION
AGREEMENT; PROVIDED, HOWEVER, THAT NOTHING HEREIN SHALL OTHERWISE AFFECT ANY
RIGHTS OF THE OPTIONEE TO INDEMNIFICATION PURSUANT TO THE COMPANY'S BYE-LAWS OR
ANY OTHER AGREEMENTS OR INSTRUMENTS OF OR WITH THE COMPANY OR ANY OF ITS
SUBSIDIARIES.
The parties hereto have duly executed this Reformation of Stock Option Agreement
on the dates set forth below.
MARVELL TECHNOLOGY GROUP LTD.
By:
/s/ Mike Tate
Name:
Mike Tate
Title:
VP & Treasurer of MSI
Date:
12/27/06
Signature of Optionee
/s/ Sehat Sutardja
Sehat Sutardja
Date:
12/27/06
2