Document:

Employment offer letter with Jean-Claude Zhang

 Exhibit 10.13 
 BCD SEMICONDUCTOR MANUFACTURING LIMITED 
 April 20, 2006 

 

	
	Jean Claude Zhang

                         
                            
                                  
                    

                         
                            
 Dear Jean Claude, 
 I am pleased to offer you employment as the Chief Financial
Officer (the “CFO”) of BCD Semiconductor Manufacturing Limited (“BCD”). This offer letter sets forth the key terms of your employment with BCD. 
 Service as CFO  
 As CFO, you shall report to BCD’s Chief
Executive Officer (the “CEO”), and your duties shall be commensurate with your position. Your principal place of employment shall be BCD’s corporate headquarters in Shanghai. While employed by BCD, you agree to devote all of your
business time, attention, skills, and efforts to the business and affairs of BCD. 
 Compensation  

As CFO, you initially shall be paid an annual salary of US$150,000, in accordance with BCD’s standard payroll practices, and you
shall be eligible to participate in a performance bonus program with business objectives and bonus amounts set by the Board’s Compensation Committee. Actual distribution depends on the achievement of the business objectives. Your salary and
performance bonus, and all other payments to you from BCD shall be subject to applicable tax withholding. 
 At the next Board
meeting following the commencement of your employment, the Board shall grant you an option to purchase 400,000 Ordinary Shares (the “Shares”) of BCD (the “Option”). The Option shall vest in four increasing installments on each of
the first four annual anniversaries of the commencement of your employment, subject to your continued service as CFO through each vesting date, as follows: 90,000 Shares on the first anniversary, 100,000 Shares on the second anniversary, 100,000
Shares on the third anniversary, and 110,000 Shares on the fourth anniversary. The exercise price of the Option will be set by the Compensation Committee on the date of grant. 
 Furthermore, you shall be eligible to participate in BCD’s standard employee benefits plans and programs, in accordance with the terms of those plans and programs, as they may exist from time to
time. 
 Vacation  
 You will receive ten (10) days of paid vacation time each year, subject to BCD’s standard limitation on the number of accrued paid vacation days. 

Relocation, Housing Allowance and Other Reimbursements  
 To ease your relocation, BCD will reimburse you up to US$6,000 for expenses incurred in connection with your move. Reimbursable expenses include economy-class airfare from Taiwan to Shanghai for you and

 
your family and costs incurred in moving your household belongings. Reimbursement will be made to you upon presentation of receipts in accordance with BCD’s expense reimbursement practices.

 During the time you are employed as BCD’s CFO, BCD will provide you with a housing allowance of RMB10,000 per month,
less applicable withholding taxes. In addition, BCD will provide you educational stipend US$10,000 per year per child for your two children. In the event you cease to be BCD’s CFO, BCD will cease providing you with such housing allowance and
educational stipend. 
 Other  
 You will disclose any board of director positions you hold prior to the employment with BCD and intend to continue to hold. You would not be precluded to continue to hold these directorships provided
there is no conflict of interest to BCD. You are required to obtain approval by BCD prior to serving on the boards of directors of other entities during your employment with BCD. 

If you have any questions, please do not hesitate to contact me. To indicate your acceptance of this offer and the terms of employment
set forth in this offer letter, please sign below and return a copy to me by April 28, 2006. This offer is contingent on you commencing employment before July 1, 2006. 

The BCD Company is very excited about you joining us, and we are confident we will provide an outstanding opportunity for you to continue
the development of your professional career. We look forward to your future successes on behalf of BCD. 
  

	
	Sincerely,
	
	 /s/ Tung-Yi Chan

	Tung-Yi Chan
	Chief Executive Officer
	 BCD Semiconductor Manufacturing

Limited

I agree to the terms of employment as set forth above. I understand that the terms above are the sole understanding between me and BCD
regarding my employment with BCD. 
  

							
	  
	 		  	Date	  	  

	[Your Signature]	 		  		  	

  
 -2-Employment offer letter with Jonathan Wang

 Exhibit 10.14 
 May 28, 2006 
 Re: Employment Offer Letter  

Dear Mr. Jonathan, 
 BCD Semiconductor
Manufacturing Limited (“BCD”) is pleased to offer you the position as Vice President of Business Development, reporting to Chief Executive Officer of BCD. The responsibilities of this position include: 

 

	 	•	 	 Managing Product Marketing division 

  

	 	•	 	 Coordinating Marketing/R&D/Engineering groups to resolve issues in products and business 

 

	 	•	 	 Exploring new opportunities for future business growth 

 Employment terms and conditions are as follows: 
  

	1.	Salary: $10,000 USD per month on a 13-month basis. 

  

	2.	Executive Bonus: Business objectives and bonus amount is set by the Board’s Compensation Committee on an annual basis. Actual bonus distribution depends on
the achievement of the business objectives. 

  

	3.	Employee Stock Option Plan: Subject to Board’s approval, you will be granted, pursuant to BCD 2002 Stock Option Plan, an option to purchase 240,000 BCD
common shares. 25% of which shall vest on the first year anniversary of the Vesting Commencement Date, and that an additional 25% of which shall vest at the end of each full year thereafter (for a total vesting period of four years).

  

	4.	Sign-on Bonus: US$20,000 will be paid one month after on board. If you terminate employment with BCD voluntarily in the first year, the bonus will be paid back
in a prorated manner. 

  

	5.	Benefits: 

  

	 	•	 	 Vacation: Ten (10) working days of annual vacation. 

 

	 	•	 	 Housing allowance: 8,000 RMB per month. 

  

	 	•	 	 Relocation: To reimburse up to $4,000 USD for expenses incurred in connection with your move. Reimbursable expenses include economy-class
airfare from Taiwan to Shanghai for you and your family, costs incurred in moving your household belongings, and the lost rental deposit (up to 30,000 NTD) for your early terminating the contract. Reimbursement will be made to you upon presentation
of receipts in accordance with BCD’s expense reimbursement practices. 

  

	 	•	 	 Health insurance: BCD will purchase health insurance for you in Taiwan, and USA (if needed). The Company will partially cover the expense of
health insurance for your family members (two children) in USA. The exact coverage amount follows the company policies to be determined. 

  

	6.	 Probationary Period: Ninety (90) days as from your starting date. This may be extended at the expiry of

	 	 
this probationary period. If your services are satisfactory to the company, your employment will be affirmed, and you will become the permanent employee. 

If you agree to the terms of this Employment Offer Letter, please sign and date the attached copy and return that copy to me. We hope
that your expertise will be an important part of our continued effort to strive for excellence and greater success. 
  

	
	Very truly yours,
	
	 /s/ Tung-Yi Chan

	Tung-Yi Chan, CEO

 Agreed by: 

 

					
	  
	  	  
	  	  

	Jonathan Wang	  	Signing Date	  	Starting Date

  
 -2-Summary English Translation of Contract

 Exhibit 10.15 
 (Summary English Translation) 
 Contract on the Construction of New Clean Rooms and
Auxiliary Facilities for BCD (Shanghai) Micro-Electronics Ltd 
 By and among 

BCD (Shanghai) Micro-Electronics Ltd. (“Employer” or “Party A”) 

And 
 The
Eleventh Design & Research Institute of IT Co., Ltd. (“General Contractor for Project Management” or “Party B”) 
 And 
 Nantong SiJian Construction Group Co., Ltd. (“Main Contractor for
Project Construction” or “Party C”) 
 (The General Contractor for Project Management and the Main Contractor for
Project Construction are collectively referred to as “Contractors”) 
  
 September 21, 2010 

 Time Limit for Project 
 Unless the time limit for the project is changed by Employer as provided in Contractors Agreement, the Project’s initiation date shall be September 10, 2010; the formal commencement date shall
be subject to the written instruction of Employer; and the completion date shall be September 16, 2011. 
 Contract Price

 In accordance with the Contractors Agreement, the total contract price shall be paid by Employer to General Contractor for Project
Management (Party B). The total contract price is RMB 119,000,000 (inclusive of tax), of which an amount of RMB 6,000,000 (inclusive of tax) is for Party B and an amount of RMB 113,000,000 (inclusive of tax) is collected by Party B for Main
Contractor for Project Construction (Party C). Unless the price is changed as provided in the Contractors Agreement, Employer and Contractors agree to fix the price based on the whole Contract Price Schedule. 

  
 -2-Summary English Translation of Contractors Agreement

 Exhibit 10.16 
 (Summary English Translation) 
 Contractors Agreement on 

The Construction of Clean Rooms and Auxiliary Facilities for BCD (Shanghai) Micro-Electronics Ltd. (the “Agreement”) 

By and among 

BCD (Shanghai) Micro-Electronics Ltd. (“Employer” or “Party A”) 

And 
 The
Eleventh Design & Research Institute of IT Co., Ltd. (“General Contractor for Project Management” or “Party B”) 
 And 
 Nantong SiJian Construction Group Co., Ltd. (“Main Contractor for
Project Construction” or “Party C”) 
 (The General Contractor for Project Management and the Main Contractor for
Project Construction are collectively referred to as “Contractors”) 

 Governing Law 
 This Agreement shall be governed by the laws of the People’s Republic of China (“PRC”). 
 Assignment of Interests 
 No Party shall assign all or part of this Agreement or any of its
benefits or interests in or under this Agreement to a third party. However, any Party may do so with the other Parties’ prior consent or assign any proceeds to which it may be, or may become, entitled under this Agreement as a guarantee for a
bank or financial institution as beneficiary. 
 Employer’s Claims 
 The circumstances under which Employer can claim compensation include without limitation the following: 
 (1) Completion of the project is delayed or the work is of inferior quality; 
 (2) Contractors
fail to meet the requirements of Employer or applicable laws and regulations regarding emission of wastes during the construction, which causes harm to third parties or causes the environmental authorities to impose penalties leading to losses for
Employer; 
 (3) Contractors fail to comply with their confidentiality obligations; 
 (4) Contractors suspend or terminate the performance of this Agreement without due cause, which causes losses for Employer; 
 (5) Contractors sub-contract this Agreement in violation of this Agreement or laws. 
 Employer
shall negotiate or determine (i) the amount payable by Contractors to Employer (if any) by reaching an agreement with Contractors, and/or (ii) the extension of the defects notification period (if any) for no more than two years.

 Performance Bond 

Contractors shall provide Employer with a performance bond in the form of a letter of guarantee issued by a bank acceptable to Employer. The amount of
such guarantee shall be 5 percent of the total contract price. The performance bond shall be effective until Contractors receive the performance certificate from Employer. 
 Sub-contractor 
 Contractors shall not sub-contract any portion of the Project to any third
party without Employer’s consent. 

  
 -2-

 Contractors must obtain Employer’s written approval before sub-contracting. The process and subject of
the sub-contracting and the relevant qualifications must be fully approved by Employer and in compliance with relevant PRC laws and regulations. 
 If Contractors sub-contract the construction in violation of the provisions in this Agreement, Employer shall have the right to terminate this Agreement in part or in whole, and to reject payment for the
sub-contracted project and investigate Contractors for their liability for breach. 
 No sub-contracting shall release Contractors’
responsibilities and obligations. 
 The sub-contractor shall not sub-contract the work it undertakes. 

Delay Damages 
 If Contractors fail to
complete the construction within the specified time for completion, they shall pay delay damages equivalent to 0.05% of the total contract price for each day overdue. The maximum amount of such damages shall be limited to 10 percent of the total
contract price. 
 Employer shall have the right to deduct such damages from the contract price payable to Contractors or the security deposit.
If such deduction is not sufficient to cover the damages, Employer shall have the right to recover the remaining amount from Contractors and/or their guarantors (if any). 
 Under any circumstances other than those set forth in this Agreement, the delay damages shall be the only damages payable by Contractors for such breach. Such damages shall not release Contractors from
the obligation to complete the construction, or any other responsibilities, obligations or duties they may have under this Agreement. 

Suspension of Work 
 Employer may
instruct Contractors to suspend all or part of the work at any time. During such suspension, Contractors shall protect, keep and ensure security of the work. If the Employer suspends work, the Employer may be required to pay for certain costs
associated with the suspension or extend the completion period. 
 Acceptance of Work and Unit Work 

Within 45 days upon receipt of Contractors’ notice, Employer shall (i) issue the acceptance certificate to Contractors, indicating the date when
the work or unit work is completed as required in this Agreement, or (ii) reject the application with reasons and indicate the work to be done by Contractors before the acceptance certificate can be issued. 

If Employer fails to either issue the acceptance certificate or reject Contractors’ application within such 45-day period, and the work or unit work
(as the case may be) is substantially in compliance with the provisions of this Agreement, it shall be deemed that the acceptance certificate is issued on the last day of the above period. 

  
 -3-

 Performance Certificate 
 The Contractors’ obligations are deemed to have been fulfilled upon the Employer’s issuance of a Performance Certificate. 
 Contract Price and Adjustment 
 The contract price is specifically specified in the
Construction Contract and the Contract Price Schedule. 
 This Agreement is a fixed-price agreement. The price covers all costs incurred for
completion of the whole work and all possible costs incurred. Upon execution, within the risk scope agreed in this Agreement and any schedule thereof, Employer will not consider any addition to the contract price and the total contract price will
not be adjusted any more. 
 Upon execution of this Agreement, all adjustments or changes during the construction and all resulting additional
costs have been included in the total contract price unless otherwise provided herein. 
 The contract price has included the 3.7 percent change
fee. If any additional costs arising out of Employer’s request for any change to the work are equivalent to or less than 3.7 percent of the total contract price, Employer does not need to pay for additional costs for such work. Any additional
costs beyond the 3.7-percent change fee arising out of Employer’s request will be settled after the completion acceptance with the written confirmation of Employer’ representative and the supervising engineer. 

Employer shall have the right to, at its sole discretion, suspend, change or cancel any portion of the work based on the construction conditions.
Contractors shall not be entitled to request payment from Employer for such suspended, changed or cancelled work. For any such work that has been done, the costs may be settled with the written approval of Employer’s representative, provided
the total price for such suspended or cancelled work shall not exceed half of the total fixed price of this Agreement. 
 Advance Payment

 There is no advance payment for this work. 
 Payment (Progress Payment) for Work 
 The Parties agree that Employer shall make the payment
(progress payment) for work to Party B only and Party B shall collect the payment for Party C. Employer’s liability for payment is limited to the payment to Party B as agreed herein. Employer shall not be liable for the collection between
Contractors, and such collection shall not affect Contractors’ performance of their obligations hereunder. 
 Party B shall transfer the
payment payable to Party C within 15 days upon receipt of the payment (progress payment) for work from Employer. 

  
 -4-

 The payment shall be made for milestones according to the progress of the work. 

Upon completion of each milestone, Contractors shall request Employer to conduct a stage acceptance inspection, subject to the written confirmation of
the supervising engineer and Employer’s representative. If Contractors fail to complete the work required for the milestone, Employer shall have the right to suspend the proportional payment for the work required for this milestone. 

Notice to Correct 
 If Contractors fail
to perform any of their obligations hereunder, Employer may send a notice to Contractors to request a correction of such failure within a reasonable period. 
 Termination by Employer 
 Employer shall have the right to terminate this Agreement if
Contractors 
 (a) fail to comply with certain provisions of this Agreement; 
 (b) waive the work or expressly indicate their unwillingness to continue to perform their obligations hereunder; 
 (c) fail to comply with the provisions regarding starting, delay and suspension of work; 
 (d)
sub-contract the work or transfer this Agreement to a third party without the required approval; 
 (e) become bankrupt or insolvent;

 (f) fail to cooperate with each other, leading to a stoppage of the construction; 
 (g) pay or attempt to pay, directly or indirectly, any bribery or anything of value to any person to solicit or compensate such person for taking or not taking any action in relation to this Agreement, or
making or not making a favorable representation to any person relating to this Agreement; 
 Under any of the abovementioned circumstances,
Employer may terminate this Agreement by upon 14 days’ notice to Contractors and request Contractors to leave the construction site. However, under the circumstances set forth in (e) and (f), Employer may terminate this Agreement
immediately upon notice. 
 Employer’s Right to Terminate 
 Employer shall have the right to terminate this Agreement at any time it finds convenient upon a termination notice to Contractors. Employer shall not terminate this Agreement as provided in this Section
for the purpose of carrying out the work independently or engaging any other contractor to carry out the work. 

  
 -5-

 Contractors’ Right to Suspend Work 
 If Employer fails to comply with the payment schedule as provided herein, Contractors may suspend the work (or slow down the pace) by sending a notice to Employer at least 21 days in advance unless and
until Contractors receive the payment certificate, reasonable evidence or payment. 
 Such action of Contractors shall not affect their right to
terminate this Agreement pursuant to its terms. 
 If Contractors suffer any delay or incur any costs due to suspension of work (or slowdown of
pace) as set forth in this Section, Contractors may request an extension of the time for completion and inclusion of such costs plus reasonable profit in the contract price. 
 Termination by Contractors 
 Contractors shall have the right to terminate this Agreement
under the following circumstances. 
 (a) Contractors do not receive reasonable evidence within 42 days after sending a notice of suspension
under this Agreement; 
 (b) Employer substantially fails to perform its obligations under this Agreement; 

(c) Employer fails to comply with the provisions under this Agreement; 
 (d) The prolonged suspension as set forth in this Agreement affects the work as a whole; 
 (e)
Employer becomes bankrupt or insolvent. 
 Payment upon Termination 
 Upon effectiveness of the termination notice sent as provided in this Agreement, Employer shall promptly return the performance bond to Contractors; and make payment to Contractors as provided in this
Agreement. 
 Arbitration 
 If
any dispute arising out of the performance of this Agreement cannot be settled through negotiation, both Employer and Contractors shall have the right to submit the dispute to Shanghai Arbitration Commission for arbitration. 

  
 -6-

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