Document:

Exchange Note Servicing Supplement 2009-A to Closed-End Servicing Agreement

 Exhibit 10.6 
  
  
  
 WORLD OMNI FINANCIAL CORP., 

 as Servicer 
 WORLD OMNI LT, 
 as Titling Trust 
 and 
 AL HOLDING CORP., 
 as Closed-End Collateral Agent 
 EXCHANGE NOTE SERVICING SUPPLEMENT 2009-A TO 
 CLOSED-END SERVICING
AGREEMENT 
 Dated as of November 12, 2009 
  
  
  

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
	ARTICLE XI DEFINITIONS	  	2
			
	 SECTION 11.1
	  	DEFINITIONS	  	2
		
	ARTICLE XII REPRESENTATIONS AND WARRANTIES OF THE SERVICER	  	2
			
	 SECTION 12.1
	  	EXISTENCE AND POWER	  	2
	 SECTION 12.2
	  	AUTHORIZATION AND NO CONTRAVENTION	  	3
	 SECTION 12.3
	  	NO CONSENT REQUIRED	  	3
	 SECTION 12.4
	  	BINDING EFFECT	  	3
	 SECTION 12.5
	  	ACCURACY OF INFORMATION	  	3
	 SECTION 12.6
	  	NO PROCEEDINGS	  	3
		
	ARTICLE XIII SPECIFIC REQUIREMENTS FOR ADMINISTRATION AND SERVICING OF THE REFERENCE POOL	  	4
			
	 SECTION 13.1
	  	APPOINTMENT OF THE SERVICER	  	4
	 SECTION 13.2
	  	SERVICER BOUND BY CLOSED-END SERVICING AGREEMENT	  	4
	 SECTION 13.3
	  	APPLICATION OF PROCEEDS	  	5
	 SECTION 13.4
	  	SERVICER CERTIFICATE	  	6
	 SECTION 13.5
	  	SERVICER FEE	  	6
	 SECTION 13.6
	  	INSURANCE LAPSES; REPAIRS	  	6
	 SECTION 13.7
	  	LICENSING OF TITLING TRUST	  	6
	 SECTION 13.8
	  	SERVICER ADVANCES	  	6
	 SECTION 13.9
	  	PAYMENT OF FEES AND EXPENSES	  	7
	 SECTION 13.10
	  	ANNUAL INDEPENDENT PUBLIC ACCOUNTANTS’ SERVICING REPORT	  	7
	 SECTION 13.11
	  	ANNUAL OFFICER’S CERTIFICATE	  	7
	 SECTION 13.12
	  	POSTMATURITY TERM EXTENSION	  	8
	 SECTION 13.13
	  	INSURANCE POLICIES; ADDITIONAL INSUREDS	  	8
	 SECTION 13.14
	  	SECURITY DEPOSITS	  	8
		
	ARTICLE XIV TERMINATION OF THE SERVICER	  	8
			
	 SECTION 14.1
	  	TERMINATION OF THE SERVICER AS TO REFERENCE POOL	  	8
	 SECTION 14.2
	  	NO EFFECT ON OTHER PARTIES	  	9
		
	ARTICLE XV	  	10
			
	 SECTION 15.1
	  	OPTIONAL PURCHASE OF THE CLOSED-END EXCHANGE NOTE	  	10
		
	ARTICLE XVI MISCELLANEOUS	  	10
			
	 SECTION 16.1
	  	AMENDMENT	  	10
	 SECTION 16.2
	  	GOVERNING LAW	  	11
	 SECTION 16.3
	  	NOTICES	  	11

  

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	 SECTION 16.4
	  	THIRD-PARTY BENEFICIARIES	  	12
	 SECTION 16.5
	  	SEVERABILITY	  	12
	 SECTION 16.6
	  	BINDING EFFECT	  	12
	 SECTION 16.7
	  	ARTICLE AND SECTION HEADINGS	  	12
	 SECTION 16.8
	  	EXECUTION IN COUNTERPARTS	  	12
	 SECTION 16.9
	  	FURTHER ASSURANCES	  	12
	 SECTION 16.10
	  	EACH EXCHANGE NOTE SEPARATE; ASSIGNEES OF EXCHANGE NOTE	  	12
	 SECTION 16.11
	  	NO PETITION	  	13
	 SECTION 16.12
	  	SUBMISSION TO JURISDICTION; WAIVER OF JURY TRIAL	  	14
	 SECTION 16.13
	  	LIMITATION OF LIABILITY OF VT INC	  	14
	 SECTION 16.14
	  	INFORMATION REQUESTS	  	14
	 SECTION 16.15
	  	REGULATION AB	  	14

  

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 EXCHANGE NOTE SERVICING SUPPLEMENT 2009-A TO 
 CLOSED-END SERVICING AGREEMENT 
 THIS EXCHANGE NOTE SERVICING SUPPLEMENT 2009-A TO CLOSED-END SERVICING AGREEMENT (as amended, modified or supplemented from time to time, the “Exchange Note Servicing Supplement”), dated
as of November 12, 2009, is among (i) WORLD OMNI FINANCIAL CORP., a Florida corporation (“World Omni”), as servicer (in such capacity, the “Servicer”), (ii) WORLD OMNI LT, a Delaware statutory trust
(the “Titling Trust”) and (iii) AL HOLDING CORP., a Delaware corporation, as collateral agent (“ALHC” or the “Closed-End Collateral Agent”). 
 RECITALS 
 1. The Titling Trust, the Closed-End Collateral Agent and the Servicer have entered into that certain Fourth Amended and Restated Closed-End Servicing Agreement, as amended, to provide that such agreement will constitute the
“Closed-End Servicing Agreement” (as defined in the Titling Trust Agreement) with respect to the Closed-End Collateral Specified Interest, which provides, among other things, for the servicing of the Titling Trust Assets by the
Servicer. 
 2. The Titling Trust, as Borrower, the Closed-End Collateral Agent, Bank of America, N.A., as Deal Agent, U.S. Bank
National Association, as Closed-End Administrative Agent, and the other Secured Parties named therein entered into a Third Amended and Restated Collateral Agency Agreement, dated as of July 16, 2008 (as amended, modified or supplemented from
time to time, the “Collateral Agency Agreement”). 
 3. The Collateral Agency Agreement contemplates that from
time to time the Titling Trustee, on behalf of the Titling Trust and at the direction of the Initial Beneficiary, will identify and allocate on the Titling Trust’s books and records certain Titling Trust Assets within separate Reference Pools
and create and issue to the Initial Beneficiary a Closed End Exchange Note. 
 4. Concurrently herewith, World Omni Auto Leasing
LLC (the “Depositor”) will purchase the Exchange Note, which represents the 2009-A Reference Pool, from the Initial Beneficiary and World Omni Automobile Lease Securitization Trust 2009-A, a Delaware statutory trust (the
“Issuing Entity”), will purchase the Exchange Note, which represents the 2009-A Reference Pool, from the Depositor. The Issuing Entity is expected to fund such purchase from proceeds of the issuance of the Notes and Certificates.

 5. Concurrently herewith, the Issuing Entity is entering into an asset-backed financing transaction pursuant to, among other
agreements, an indenture (the “Indenture”) with The Bank of New York Mellon, as indenture trustee (the “Indenture Trustee”), pursuant to which the Issuing Entity will issue asset-backed notes and will grant a
security interest to the Indenture Trustee in certain of its assets. 

 6. Concurrently herewith, the Titling Trust, the Closed-End Collateral Agent, the Closed-End
Administrative Agent, and the other Secured Parties named therein are entering into that certain Exchange Note Supplement 2009-A to the Collateral Agency Agreement (as amended, modified or supplemented from time to time, the “Exchange Note
Supplement”) to supplement the terms of the Collateral Agency Agreement (i) to cause the Titling Trustee to identify and allocate Titling Trust Assets to a particular Reference Pool (the “Reference Pool”), which shall
consist of Titling Trust Assets which shall constitute Exchange Note Assets, (ii) to create and issue to Auto Lease Finance LLC a Closed-End Exchange Note and (iii) to set forth the terms and conditions thereof. 
 7. The Titling Trust desires to retain the Servicer to provide certain services with respect to the 2009-A Reference Pool allocated to the
Closed-End Exchange Note owned by the Issuing Entity, and the parties hereto desire, pursuant to this Exchange Note Servicing Supplement, to supplement the terms of the Closed-End Servicing Agreement insofar as they apply to the 2009-A Reference
Pool, providing for specific servicing obligations that will benefit the Issuing Entity, as holder of the Closed-End Exchange Note, and the Indenture Trustee, as the pledgee of the Closed-End Exchange Note on behalf of the Noteholders. 

NOW THEREFORE, in consideration of the premises and the mutual covenants herein contained and in the Closed-End Servicing Agreement, the
parties hereto agree to the following supplemental obligations with regard to the Closed-End Exchange Note: 
 ARTICLE XI 

 DEFINITIONS 
 SECTION 11.1 DEFINITIONS. For all purposes of this Exchange Note Servicing Supplement, except as otherwise expressly provided or unless the context otherwise requires, (a) unless otherwise
defined herein, all capitalized terms used herein shall have the meanings attributed to them (i) by Appendix A to the Indenture, (ii) if not defined therein, by Appendix A to the Collateral Agency Agreement or (iii) if
not defined therein, by the Titling Trust Agreement, (b) the capitalized terms defined in this Exchange Note Servicing Supplement have the meanings assigned to them in this Exchange Note Servicing Supplement and include (i) all genders and
(ii) the plural as well as the singular, (c) all references to words such as “herein”, “hereof” and the like shall refer to this Exchange Note Servicing Supplement as a whole and not to any particular article or section
within this Exchange Note Servicing Supplement, (d) the term “include” and all variations thereon shall mean “include without limitation”, and (e) the term “or” shall include “and/or”. 
 ARTICLE XII 
 REPRESENTATIONS AND WARRANTIES OF THE SERVICER 
 The Servicer represents and warrants to the Depositor, the
Issuing Entity and the Indenture Trustee on behalf of the Noteholders as follows: 
 SECTION 12.1 EXISTENCE AND POWER.
The Servicer is a corporation duly organized, validly existing and in good standing under the laws of the State of Florida and has all power and authority required to carry on its business as it is now conducted. The Servicer has obtained all
necessary licenses and approvals in all jurisdictions where the failure to do so would materially and adversely affect the business, properties, financial condition or results of operations of the Servicer, taken as a whole. 
  

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 SECTION 12.2 AUTHORIZATION AND NO CONTRAVENTION. The execution, delivery and
performance by the Servicer of each Transaction Document to which it is a party (i) have been duly authorized by all necessary corporate action and (ii) do not violate or constitute a default under (A) any applicable law, rule or
regulation, (B) its organizational instruments or (C) any agreement, contract, order or other instrument to which it is a party or its property is subject and (iii) will not result in any Adverse Claim on any Transaction Unit or
Closed-End EN Collected Amounts with respect to the 2009-A Reference Pool or give cause for the acceleration of any indebtedness of the Servicer. 
 SECTION 12.3 NO CONSENT REQUIRED. No approval, authorization or other action by, or filing with, any Governmental Authority is required in connection with the execution, delivery and performance by
the Servicer of any Transaction Document, other than UCC filings and other than approvals and authorizations that have previously been obtained and filings which have previously been made. 
 SECTION 12.4 BINDING EFFECT. Each Transaction Document to which the Servicer is a party constitutes the legal, valid and binding
obligation of the Servicer enforceable against the Servicer in accordance with its terms, except as limited by bankruptcy, insolvency, or other similar laws of general application relating to or affecting the enforcement of creditors’ rights
generally and subject to general principles of equity. 
 SECTION 12.5 ACCURACY OF INFORMATION. All information
heretofore furnished by or on behalf of the Servicer in writing to the Closed-End Administrative Agent for purposes of or in connection with this Agreement or any transaction contemplated hereby is true and accurate in all material respects on and
as of the date such information was furnished (except to the extent that such furnished information relates solely to an earlier date, in which case such information is true and accurate in all material respects on and as of such earlier date).

 SECTION 12.6 NO PROCEEDINGS. There is no action, suit, proceeding or investigation pending or, to the knowledge of the
Servicer, threatened against the Servicer which, either in any one instance or in the aggregate, would result in any material adverse change in the business, operations, financial condition, properties or assets of the Servicer, or in any material
impairment of the right or ability of the Servicer to carry on its business substantially as now conducted, or in any material liability on the part of the Servicer, or which would render invalid this Agreement or the Transaction Units or the
obligations of the Servicer contemplated herein, or which would materially impair the ability of the Servicer to perform under the terms of this Agreement or any other Transaction Document. 
  

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 ARTICLE XIII 
 SPECIFIC REQUIREMENTS FOR 
 ADMINISTRATION AND
SERVICING OF THE 
 REFERENCE POOL 
 SECTION 13.1 APPOINTMENT OF THE SERVICER. 
 (a) The Servicer shall manage,
service and administer the Exchange Note Assets, at its own expense and for the benefit of each holder and pledgee of the Closed-End Exchange Note, and shall make collections on the Transaction Units in accordance with its Credit and Collection
Policy in effect from time to time, using the same degree of skill and attention that the Servicer exercises with respect to all comparable retail automotive leases that it services for itself or others. 
 (b) The Servicer may delegate its duties and obligations as Servicer in accordance with Section 3.5 of the Closed-End Servicing
Agreement. 
 (c) If the Servicer shall commence a legal proceeding to enforce a Transaction Unit, the Titling Trust shall
thereupon be deemed to have automatically assigned, solely for the purpose of collection, such Transaction Unit to the Servicer. If in any enforcement suit or legal proceeding it shall be held that the Servicer may not enforce a Transaction Unit on
the ground that it is not a real party in interest or a holder entitled to enforce such Transaction Unit, the Closed-End Collateral Agent shall, at the Servicer’s expense and direction, take steps to enforce such Transaction Unit, including
bringing suit in its name. 
 (d) The Servicer shall account for the Transaction Units allocated to the 2009-A Reference Pool
separately from any Other Reference Pool and the Warehouse Facility Pool. 
 SECTION 13.2 SERVICER BOUND BY CLOSED-END
SERVICING AGREEMENT. 
 (a) The Servicer shall continue to be bound by all provisions of the Closed-End Servicing Agreement
with respect to the Transaction Units allocated to the 2009-A Reference Pool, including the provisions of Article VI thereof relating to the administration and servicing of Closed-End Leases; and the provisions set forth herein shall operate
either as additions to or modifications of the existing obligations of the Servicer under the Closed-End Servicing Agreement, as the context may require. In the event of any conflict between the provisions of this Exchange Note Servicing Supplement
and the Closed-End Servicing Agreement with respect to the Closed-End Exchange Note, the provisions of this Exchange Note Servicing Supplement shall prevail; provided, however, that Section 5.1(d) of the Servicing Agreement
shall at all times govern the Required Deposit Amount. 
 (b) For purposes of determining the Servicer’s obligations with
respect to the servicing of the 2009-A Reference Pool under this Exchange Note Servicing Supplement, general references in the Closed-End Servicing Agreement to: (i) a Reference Pool shall be deemed to refer more specifically to the 2009-A
Reference Pool; (ii) an Exchange Note Servicing Supplement shall be deemed to refer more specifically to this Exchange Note Servicing Supplement; and (iii) an Exchange Note Supplement shall be deemed to refer more specifically to the
Exchange Note Supplement related to the 2009-A Reference Pool. 
  

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 (c) Notwithstanding any other provision of this Exchange Note Servicing Supplement or the
Servicing Agreement, including Section 6.7 thereof, the Servicer shall not in connection with any early lease termination program terminate or permit any Closed-End Obligor to terminate any Closed-End Lease and remove the related
Closed-End Vehicle from the 2009-A Reference Pool in connection with such termination unless there shall have been deposited into the Exchange Note Collection Account an amount equal to the Securitization Value of such Closed-End Vehicle as of the
termination date of such Closed-End Lease, provided, however, that the Servicer may (i) at any time prior to the third month prior to the Maturity Date of a Closed-End Lease agree to terminate such Closed-End Lease, provided the
related Closed-End Obligor pays or remains obligated to pay an amount equal to the sum of the remaining scheduled payments under the applicable Closed-End Lease plus the Contract Residual Value of the related Closed-End Vehicle (less the auction
proceeds received upon the liquidation of the related Closed-End Vehicle), and (ii) at any time within three months of the Maturity Date of a Closed-End Lease, agree to terminate such Closed-End Lease, provided the related Closed-End Obligor
has made all remaining scheduled payments with respect to such Closed-End Lease and surrendered the related Closed-End Vehicle. 
 SECTION 13.3 APPLICATION OF PROCEEDS. 
 (a) Prior to the satisfaction and discharge of the Indenture with
respect to the Collateral and subject to the provision of Section 5.1(d) of the Closed-End Servicing Agreement, the Servicer shall pay an amount equal to all Closed-End Exchange Note Collections received in respect of the 2009-A
Reference Pool during any Closed-End EN Collection Period into the Exchange Note Collection Account on or prior to 2:00 p.m., New York City time, on the Business Day immediately preceding the related Closed-End Exchange Note Payment Date;
provided, however, that if the Monthly Remittance Condition is not satisfied, the Servicer will be required to deposit an amount equal to all Closed-End Exchange Note Collections into the Exchange Note Collection Account within two
Business Days after receipt (including receipt of proper instructions regarding where to allocate such payment), (it being understood that, with respect to Relinquished Vehicle Proceeds, the Servicer shall remit the Relinquished Vehicle Proceeds in
accordance with Section 5.1(d) of the Closed-End Servicing Agreement). The “Monthly Remittance Condition” shall be deemed to be satisfied if (i) World Omni is the Servicer, (ii) no Exchange Note Servicer
Default has occurred and is continuing, and (iii) World Omni receives notice from the Rating Agencies that the cessation of daily deposits will not result in a reduction or withdrawal of the then current rating of the Class A Notes.
Pending deposit into the Exchange Note Collection Account, Closed-End Exchange Note Collections may be used by the Servicer at its own risk and for its own benefit and will not be segregated from its own funds. 
 (b) After the satisfaction and discharge of the Indenture with respect to the Collateral, the Servicer shall pay an amount equal to
Closed-End Exchange Note Collections in accordance with the instructions provided from time to time by the holder of the Exchange Note. 
  

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 (c) Notwithstanding anything to the contrary contained in this Agreement, for so long as the
Monthly Remittance Condition has been satisfied, the Servicer shall be permitted to deposit into the Exchange Note Collection Account only the net amount distributable to the Issuing Entity, as holder of the Exchange Note, and to retain any
reimbursement for outstanding Advances, and Servicing Fees, on the Closed-End Exchange Note Payment Date. The Servicer shall, however, account for all Closed-End Exchange Note Collections as if all of the deposits and distributions described herein
were made individually. 
 SECTION 13.4 SERVICER CERTIFICATE. On each Determination Date prior to the satisfaction and
discharge of the Indenture with respect to the Collateral, the Servicer shall deliver to the Indenture Trustee, the Issuing Entity, the Administrator, the Closed-End Administrative Agent, the Owner Trustee and the Paying Agent a Servicer Certificate
reflecting information as of the close of business of the Servicer for the immediately preceding Closed-End EN Collection Period containing the information described in Section 8.3 of the Indenture. At the sole option of the Servicer,
each Servicer Certificate may be delivered in electronic or hard copy format. 
 SECTION 13.5 SERVICER FEE.
Notwithstanding anything to the contrary in Section 3.9(b) of the Closed-End Servicing Agreement, on each Closed-End Exchange Note Payment Date, the Issuing Entity shall pay to the Servicer in accordance with Section 13.2 of
the Exchange Note Supplement, the Servicing Fee for the immediately preceding Closed-End EN Collection Period as compensation for its services. In addition, the Servicer may retain any Supplemental Servicing Fees. The Servicer may, as long as it
believes that sufficient collections will be available on one or more future Closed-End Exchange Note Payment Dates to pay the Servicing Fee, by notice to the Closed-End Administrative Agent on or before a Closed-End Exchange Note Payment Date,
elect to defer all or a portion of the Servicing Fee with respect to the related Closed-End EN Collection Period, without interest. If the Servicer defers all of the Servicing Fee, the Servicing Fee for such related Closed-End EN Collection Period
will be deemed to equal zero. 
 SECTION 13.6 INSURANCE LAPSES; REPAIRS. Subject to Section 3.7(c) of the
Closed-End Servicing Agreement, the Servicer shall have no liability in the event that any Closed-End Obligor fails to maintain, in full force and effect, a physical damage insurance policy covering any Transaction Unit or naming the Titling Trust
as loss payee. Without limiting the foregoing, in no event shall the Servicer be obligated to perform or be liable for any repairs or maintenance with respect to any Transaction Unit. 
 SECTION 13.7 LICENSING OF TITLING TRUST. The Servicer shall cause the Titling Trust to apply for and maintain at all times all
licenses and permits necessary to carry on the Titling Trust’s leasing business in each jurisdiction in which the Titling Trust operates, except where the failure to have any license or permit would not materially and adversely affect the
business, properties, financial condition or results of operation of the Titling Trust, taken as a whole. 
 SECTION 13.8
SERVICER ADVANCES. On each Closed-End Exchange Note Payment Date, the Servicer may deposit into the Exchange Note Collection Account prior to 11:00 a.m., New York City time, an advance of any shortfall in the amounts available to make the
payments in clauses (i) through (v) of Section 8.4(a) of the Indenture (an “Advance”). 
  

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 SECTION 13.9 PAYMENT OF FEES AND EXPENSES. The Servicer shall pay all expenses
incurred in connection with the administration and servicing of the 2009-A Reference Pool and the Transaction Units, including, without limitation, expenses incurred by it in connection with its activities hereunder, including fees and disbursements
of the Titling Trustee, independent accountants, taxes imposed on the Servicer and any Titling Trustee indemnity claims. 
 SECTION 13.10 ANNUAL INDEPENDENT PUBLIC ACCOUNTANTS’ SERVICING REPORT. 
 (a) On or before the 90th day
following the end of each fiscal year, beginning with the fiscal year ending December 31, 2009, the Servicer shall cause a firm of independent public accountants (who may also render other services to the Servicer, the Depositor or their
respective Affiliates) to furnish to the Indenture Trustee, the Servicer, the Depositor and each Rating Agency each attestation report on assessments of compliance with the Servicing Criteria with respect to the Servicer or any affiliate thereof
during the related fiscal year delivered by such accountants pursuant to paragraph (c) of Rule 13a-18 or Rule 15d-18 of the Exchange Act and Item 1122 of Regulation AB. The certification required by this paragraph may be replaced by any
similar certification using other procedures or attestation standards which are now or in the future in use by servicers of comparable assets or which otherwise comply with any rule, regulation, “no action” letter or similar guidance
promulgated by the Commission. 
 (b) If the Issuing Entity is not required to file periodic reports under the Exchange Act or
any other law, the reports referred to in this section may be delivered on or before the date that is 120 days after the end of each calendar year, commencing with the calendar year ended December 31, 2009. 
 (c) Deliveries pursuant to this Section 13.10 may be delivered by electronic mail. 
 SECTION 13.11 ANNUAL OFFICER’S CERTIFICATE. 
 (a) The Servicer will deliver to the Rating Agencies, the Issuing Entity and the Indenture Trustee on or before the 90th day following the end of each fiscal year, beginning with the fiscal year ending
December 31, 2009, an Officers’ Certificate providing such information as is required under Item 1123 of Regulation AB. 
 (b) The Servicer will deliver to the Issuing Entity and the Indenture Trustee, on or before the 90th day following the end of each fiscal year, beginning with the fiscal year ending December 31, 2009, a report regarding the
Servicer’s assessment of compliance with the Servicing Criteria during the immediately preceding calendar year including disclosure of any material instance of non-compliance identified by the Servicer, as required under paragraph (b) of
Rule 13a-18, Rule 15d-18 of the Exchange Act and Item 1122 of Regulation AB. 
  

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 SECTION 13.12 POSTMATURITY TERM EXTENSION. Consistent with its Credit and Collection
Policy, the Servicer may, in its discretion, grant a Postmaturity Term Extension with respect to any Closed-End Lease in the 2009-A Reference Pool. If the Servicer grants a Postmaturity Term Extension with respect to a Closed-End Lease in the 2009-A
Reference Pool of a total of more than five times or more than five months in the aggregate, or to a date later than the last day of the thirteenth month before the legal final maturity date of the Notes, then the Servicer shall direct the Titling
Trustee to reallocate the Transaction Unit related to such Closed-End Lease from the 2009-A Reference Pool to the Warehouse Facility Pool on the Closed-End Exchange Note Payment Date following the beginning of the Closed-End EN Collection Period
during which such Postmaturity Term Extension was granted. In consideration for such reallocation, the Servicer shall make a payment to the Issuing Entity equal to the Securitization Value of such Transaction Unit as of the end of the Closed-End EN
Collection Period preceding such Closed-End Exchange Note Payment Date by depositing such amount into the Exchange Note Collection Account prior to 2:00 p.m., New York City time, on the Business Day immediately preceding such Closed-End Exchange
Note Payment Date. 
 SECTION 13.13 INSURANCE POLICIES; ADDITIONAL INSUREDS. The Servicer shall cause all policies of
insurance required to be maintained pursuant to Section 3.7 of the Closed-End Servicing Agreement to name the Depositor, the Issuing Entity, the Owner Trustee and the Indenture Trustee as additional insureds. 
 SECTION 13.14 SECURITY DEPOSITS. In accordance with Section 5.1(d) of the Closed-End Servicing Agreement, on the
Closed-End Exchange Note Payment Date related to the Closed-End EN Collection Period in which a Security Deposit becomes a Closed-End Exchange Note Collection with respect to the 2009-A Reference Pool, the Servicer shall deposit such amounts
(including, as applicable, any Required Deposit Amount) in the Exchange Note Collection Account. 
 ARTICLE XIV

 TERMINATION OF THE SERVICER 
 SECTION 14.1 TERMINATION OF THE SERVICER AS TO REFERENCE POOL. 
 (a) As used
herein “Exchange Note Servicer Default” means the occurrence and continuance of the events set forth in Section 8.3(a) of the Closed-End Servicing Agreement. Upon the occurrence and continuation of any Exchange Note
Servicer Default, the Servicer shall provide to the Indenture Trustee, the Issuing Entity, the Administrator and each Rating Agency prompt notice specifying such Exchange Note Servicer Default, together with a description of its efforts to perform
its obligations. The Servicer may not resign except in accordance with Section 8.4 of the Closed-End Servicing Agreement. 
 (b) If an Exchange Note Servicer Default shall have occurred and be continuing, the Titling Trustee on behalf of the holder of the Exchange Note, shall, at the direction of the Required Related Holders, by notice given to the Servicer, the
Issuing Entity, the Indenture Trustee, the Administrator and each Rating Agency, terminate the rights and obligations of the Servicer under this Exchange Note Servicing Supplement and the Closed-End Servicing Agreement with respect to the Exchange
Note and the Included Units. In the event the Servicer is removed or resigns as Servicer with respect to servicing the Exchange Note Assets, the Required Related Holders shall appoint a successor Servicer. With respect to any Exchange

  

 8 

 
Note Servicer Default, the Closed-End Administrative Agent, acting on the direction of the Required Related Holders may waive any default of the Servicer. For purposes of this Section, so long as
the Lien of the Indenture is in place, the “Required Related Holders” shall be deemed to be the Indenture Trustee, acting at the direction of the Holders of not less than 66 2/3% of the Outstanding Notes and thereafter, the Issuing Entity,
acting at the direction of the Majority Certificateholders. 
 (c) If replaced, the Servicer agrees that it will use
commercially reasonable efforts to effect the orderly and efficient transfer of the servicing of the Transaction Units to a successor Servicer. 
 (d) Upon the effectiveness of the assumption by the successor Servicer of its duties pursuant to this Section 14.1, the successor Servicer shall be the successor in all respects to the Servicer in
its capacity as Servicer under the Closed-End Servicing Agreement with respect to the 2009-A Reference Pool, and shall be subject to all the responsibilities, duties and liabilities relating thereto, except with respect to the obligations of the
predecessor Servicer that survive its termination as Servicer as set forth in Section 14.1(e). No Servicer shall resign or be relieved of its duties under the Closed-End Servicing Agreement, as Servicer of the 2009-A Reference Pool, until a
newly appointed Servicer for the 2009-A Reference Pool shall have assumed the responsibilities and obligations of the resigning or terminated Servicer under this Exchange Note Servicing Supplement. In the event of a replacement of World Omni as
Servicer, the Required Related Holders shall cause the successor Servicer to agree to indemnify World Omni against any losses, liabilities, damages or expenses (including attorneys’ fees) as a result of the negligence or willful misconduct of
such successor Servicer. The predecessor Servicer shall be entitled to receive reimbursement for any outstanding Advances made with respect to the Transaction Units to the extent funds are available therefor in accordance with the Indenture.

 (e) No termination or resignation of the Servicer as to the 2009-A Reference Pool shall affect the obligations of the
Servicer pursuant to Section 3.3(c) of the Closed-End Servicing Agreement; provided that following the replacement of the Servicer pursuant to this Section 14.1, such Servicer shall have no duties, responsibilities or
other obligations hereunder with respect to matters arising after such replacement. 
 SECTION 14.2 NO EFFECT ON OTHER
PARTIES. Upon any termination of the rights and powers of the Servicer with respect to the 2009-A Reference Pool pursuant to Section 14.1 hereof, or upon any appointment of a successor Servicer with respect to the 2009-A Reference Pool, all
the rights, powers, duties and obligations of the Titling Trustees, the Initial Beneficiary and World Omni under the Titling Trust Agreement, the Closed-End Servicing Agreement, the Exchange Note Supplement, any other supplement, any other Exchange
Note Servicing Supplement or any other Basic Document shall remain unaffected by such termination or appointment and shall remain in full force and effect thereafter, except as otherwise expressly provided herein or therein. 
  

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 ARTICLE XV 
 SECTION 15.1 OPTIONAL PURCHASE OF THE CLOSED-END EXCHANGE NOTE 
 (a) On the Closed-End Exchange Note Payment Date immediately following (and on each Closed-End Exchange Note Payment Date thereafter) the
last day of any Closed-End EN Collection Period as of which the aggregate Securitization Value is 10% or less of the aggregate Initial Securitization Value, the Servicer shall have the option to purchase the Closed-End Exchange Note and direct the
Issuing Entity to redeem the Notes pursuant to Section 10.1 of the Indenture (an “Optional Redemption”). To exercise such option, the Servicer shall deposit pursuant to Section 13.3 hereof in the Exchange Note Collection
Account an amount, as calculated by the Servicer, equal to the Exchange Note Balance and all accrued interest thereon up to but not including the Redemption Date (the “Exchange Note Purchase Price”), and shall succeed to all
interests in and to the Issuing Entity. Notwithstanding the foregoing, the Servicer shall not be permitted to exercise such option unless the amount to be deposited in the Exchange Note Collection Account pursuant to the preceding sentence is
greater than or equal to the sum of the Outstanding Amount of the Notes, and all accrued but unpaid interest (including any overdue interest and premium) thereon. 
 (b) As described in Section 9.01(c) of the Trust Agreement, notice of any termination of the Issuing Entity shall be given by the Servicer to the Owner Trustee and the Indenture Trustee as
soon as practicable after the Servicer has received notice thereof. 
 ARTICLE XVI 
 MISCELLANEOUS 
 SECTION 16.1 AMENDMENT. 
 (a) Notwithstanding any provision of the Closed-End Servicing Agreement, the
Closed-End Servicing Agreement, as supplemented by this Exchange Note Servicing Supplement, to the extent that it deals solely with the 2009-A Reference Pool, may be amended in accordance with this Section 16.1. 
 (b) Any term or provision of the Closed-End Servicing Agreement or this Exchange Note Servicing Supplement may be amended by the Servicer,
without the consent of any other Person; provided that (i) any amendment that materially and adversely affects the interests of the Exchange Noteholder shall require the consent of the Exchange Noteholder, and (ii) any amendment
that materially and adversely affects the interests of the Titling Trustee shall require the prior written consent of the Titling Trustee. An amendment shall be deemed not to materially and adversely affect the interests of the Exchange Noteholder
if the Rating Agency Condition is satisfied with respect to such amendment. 
 (c) Notwithstanding the foregoing, no amendment
shall reduce the interest rate or principal amount of any Exchange Note, or delay the final scheduled payment date of any Exchange Note without the consent of the holder of such Exchange Note. 
 (d) Notwithstanding anything herein to the contrary, any term or provision of this Exchange Note Servicing Supplement may be amended by the
Servicer without the consent of any of the Exchange Noteholder or any other Person to add, modify or eliminate any provisions as may be necessary or advisable in order to comply with or obtain more favorable treatment under or with respect to any
law or regulation or any accounting rule or principle (whether now or in the future in effect); it being a condition to any such amendment that the Rating Agency Condition shall have been satisfied. 
  

 10 

 (e) It shall not be necessary for the consent of any Person pursuant to this Section for
such Person to approve the particular form of any proposed amendment, but it shall be sufficient if such Person consents to the substance thereof. 
 (f) Prior to the execution of any amendment to this Exchange Note Servicing Supplement, the Servicer shall provide each Rating Agency with written notice of the substance of such amendment. No later than
10 Business Days after the execution of any amendment to this Exchange Note Servicing Supplement, the Servicer shall furnish a copy of such amendment to each Rating Agency, the Titling Trustee, the Closed-End Administrative Agent and the Closed-End
Collateral Agent. 
 (g) Prior to the execution of any amendment to this Exchange Note Servicing Supplement, the Titling Trustee
and the Closed-End Administrative Agent shall be entitled to receive upon request and conclusively rely upon an Opinion of Counsel stating that the execution of such amendment is authorized or permitted by the Closed-End Servicing Agreement or this
Exchange Note Servicing Supplement and that all conditions precedent to the execution and delivery of such amendment have been satisfied. 
 SECTION 16.2 GOVERNING LAW. THIS EXCHANGE NOTE SERVICING SUPPLEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL, SUBSTANTIVE LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE
TO THE RULES THEREOF RELATING TO CONFLICTS OF LAW AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 
 SECTION 16.3 NOTICES. The notice provisions of the Closed-End Servicing Agreement shall apply equally to this Exchange Note Servicing Supplement. All demands, notices and communications hereunder
shall be in writing and shall be delivered or mailed by registered or certified first-class United States mail, postage prepaid, hand delivery, any prepaid courier service, or by telecopier, and addressed in each case as follows: (a) if to the
Servicer, 190 Jim Moran Blvd., Deerfield Beach, Florida 33442, Attention: Treasurer; Facsimile: (954) 429-2685; (b) if to the Titling Trustee, 209 South LaSalle Street, Suite 300, Chicago, Illinois 60604, Attention: Patricia M. Child;
Facsimile: (312) 325-8905; (c) if to the Delaware Trustee, 300 Delaware Avenue, 8th Floor, Wilmington, Delaware 19801, Attention: Patricia M. Child; Facsimile: (312) 325-8905; (d) if to the Closed-End Administrative Agent, 300
Delaware Avenue, 8th Floor, Wilmington, Delaware 19801, Attention: Patricia M. Child; Facsimile: (312) 325-8905; (e) if to the Collateral Agent, c/o U.S. Bank National Association, 209 South LaSalle Street, Suite 300, Chicago, Illinois
60604, Attention: Patricia M. Child; Facsimile: (312) 325-8905; or (f) if to the Closed-End Collateral Agent, c/o Lord Securities Corporation, 48 Wall Street, 27th Floor, New York, New York 10005, Attention: World Omni Program Manager or,
as to each party, at such other address as shall be designated by such party in a written notice to each other party. All notices and demands shall be deemed to have been given upon actual receipt thereof to any officer of the Person entitled to
receive such notices and demands at the address of such Person for notices hereunder. 
  

 11 

 SECTION 16.4 THIRD-PARTY BENEFICIARIES. The Issuing Entity and the Indenture Trustee,
as holder and pledgee, respectively, of the Closed-End Exchange Note, and their respective successors, permitted assigns and pledgees are third-party beneficiaries of the obligations of the parties hereto and may directly enforce the performance of
any of such obligations hereunder. 
 SECTION 16.5 SEVERABILITY. If one or more of the provisions of this Exchange Note
Servicing Supplement shall be for any reason whatever held invalid or unenforceable, such provisions shall be deemed severable from the remaining covenants, agreements and provisions of this Exchange Note Servicing Supplement, and such invalidity or
unenforceability shall in no way affect the validity or enforceability of such remaining covenants, agreements and provisions, or the rights of any parties hereto. To the extent permitted by law, the parties hereto waive any provision of law that
renders any provision of this Exchange Note Servicing Supplement invalid or unenforceable in any respect. 
 SECTION 16.6
BINDING EFFECT. The provisions of the Closed-End Servicing Agreement and this Exchange Note Servicing Supplement, insofar as they relate to the 2009-A Reference Pool, shall be binding upon and inure to the benefit of the respective successors
and permitted assigns of the parties hereto. 
 SECTION 16.7 ARTICLE AND SECTION HEADINGS. The article and section
headings herein are for convenience of reference only, and shall not limit or otherwise affect the meaning hereof. 
 SECTION
16.8 EXECUTION IN COUNTERPARTS. This Exchange Note Servicing Supplement may be executed in any number of counterparts, each of which so executed and delivered shall be deemed to be an original, but all of which shall together constitute but
one and the same instrument. 
 SECTION 16.9 FURTHER ASSURANCES. Each party will do such acts, and execute and deliver to
any other party such additional documents or instruments, as may be reasonably requested in order to effect the purposes of this Exchange Note Servicing Supplement and to better assure and confirm unto the requesting party its rights, powers and
remedies hereunder. 
 SECTION 16.10 EACH EXCHANGE NOTE SEPARATE; ASSIGNEES OF EXCHANGE NOTE. Each party hereto
acknowledges and agrees (and each holder or pledgee of the Exchange Note, by virtue of its acceptance of such Exchange Note or pledge thereof acknowledges and agrees) that (a) the Closed-End Collateral Specified Interest is a separate series of
the Titling Trust as provided in Section 3806(b)(2) of Chapter 38 of Title 12 of the Delaware Code, 12 Del. Code Section 3801 et seq., (b)(i) the debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing
with respect to the Exchange Note or the related 2009-A Reference Pool shall be enforceable against such 2009-A Reference Pool only and not against any Other Reference Pool or the Warehouse Facility Pool and (ii) the debts, liabilities,
obligations and expenses incurred, contracted for or otherwise existing with respect to any Other Exchange Note, any Other Reference Pool, or the Warehouse Facility Pool shall be enforceable against such Other Exchange Note, Other Reference Pools,
or the Warehouse 
  

 12 

 
Facility Pool only, as applicable, and not against the Exchange Note or any Closed-End Units included in the 2009-A Reference Pool, (c) except to the extent required by law the Closed-End
Units included in the Warehouse Facility Pool or Closed-End Units included in any Other Reference Pool with respect to any Other Exchange Note (other than the Exchange Note transferred hereunder which is related to the 2009-A Reference Pool) shall
not be subject to the claims, debts, liabilities, expenses or obligations arising from or with respect to the Exchange Note in respect of such claim, (d) (i) no creditor or holder of a claim relating to the Exchange Note or the related
2009-A Reference Pool shall be entitled to maintain any action against or recover any assets allocated to any Other Reference Pool, the Warehouse Facility Pool or any Other Exchange Note or the assets allocated thereto (except to the extent of
Closed-End EN Collected Amounts available to such Persons on a fully subordinated basis), and (ii) no creditor or holder of a claim relating to any Other Reference Pool, the Warehouse Facility Pool or any Other Exchange Note other than the
Exchange Note related to the 2009-A Reference Pool shall be entitled to maintain any action against or recover any assets allocated to the 2009-A Reference Pool, and (e) any purchaser, assignee or pledgee of an interest in the 2009-A Reference
Pool or, the Exchange Note, must, prior to or contemporaneously with the grant of any such assignment, pledge or security interest, (i) give to the Titling Trust a non-petition covenant substantially similar to that set forth in
Section 11.10 of the Titling Trust Agreement, and (ii) execute an agreement for the benefit of each holder, assignee or pledgee from time to time of any Other Exchange Note to release all claims to the assets of the Titling Trust
allocated to the Warehouse Facility Pool and each Other Reference Pool and, in the event that such release is not given effect, to fully subordinate all claims it may be deemed to have against the assets of the Titling Trust allocated to the
Warehouse Facility Pool and each Other Reference Pool. Pursuant to Section 3.1(a) of the Intercreditor Agreement, on the date hereof, each party hereto shall enter into a Joinder Agreement to the Intercreditor Agreement as a new Interest
Holder, and shall deliver an executed copy of such Joinder Agreement to each party to the Intercreditor Agreement. 
 SECTION
16.11 NO PETITION. With respect to each Bankruptcy Remote Party, each party hereto (and each holder and pledgee of the Closed-End Exchange Note, by virtue of its acceptance of such Closed-End Exchange Note or pledge thereof) agrees that,
prior to the date which is one year and one day after payment in full of all obligations under each Financing, (i) no party hereto shall authorize such Bankruptcy Remote Party to commence a voluntary winding-up or other voluntary case or other
proceeding seeking liquidation, reorganization or other relief with respect to such Bankruptcy Remote Party or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect in any jurisdiction or seeking the appointment
of an administrator, trustee, receiver, liquidator, custodian or other similar official with respect to such Bankruptcy Remote Party or any substantial part of its property or to consent to any such relief or to the appointment of or taking
possession by any such official in an involuntary case or other proceeding commenced against such Bankruptcy Remote Party, or to make a general assignment for the benefit of any party hereto or any other creditor of such Bankruptcy Remote Party, and
(ii) none of the parties hereto shall commence or join with any other Person in commencing any proceeding against such Bankruptcy Remote Party under any bankruptcy, reorganization, liquidation or insolvency law or statute now or hereafter in
effect in any jurisdiction. 
  

 13 

 SECTION 16.12 SUBMISSION TO JURISDICTION; WAIVER OF JURY TRIAL. Each of the parties
hereto hereby irrevocably and unconditionally: 
 (a) submits for itself and its property in any legal action or proceeding
relating to this Agreement or any documents executed and delivered in connection herewith, or for recognition and enforcement of any judgment in respect thereof, to the nonexclusive general jurisdiction of the courts of the State of New York, the
courts of the United States of America for the Southern District of New York and appellate courts from any thereof; 
 (b)
consents that any such action or proceeding may be brought in such courts and waives any objection that it may now or hereafter have to the venue of such action or proceeding in any such court or that such action or proceeding was brought in an
inconvenient court and agrees not to plead or claim the same; 
 (c) agrees that service of process in any such action or
proceeding may be effected by mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to such Person at its address determined in accordance with Section 16.3 of this Exchange Note
Servicing Supplement; and 
 (d) agrees that nothing herein shall affect the right to effect service of process in any other
manner permitted by law or shall limit the right to sue in any other jurisdiction. 
 SECTION 16.13 LIMITATION OF LIABILITY
OF VT INC. Notwithstanding anything contained herein to the contrary, this Exchange Note Servicing Supplement has been signed by VT Inc. not in its individual capacity but solely in its capacity as Titling Trustee and in no event shall VT Inc.
in its individual capacity have any liability for the representations, warranties, covenants, agreements or other obligations of the Titling Trust hereunder, as to all of which recourse shall be had solely to the assets of the Titling Trust.

 SECTION 16.14 INFORMATION REQUESTS. The parties hereto shall provide any information reasonably requested by the
Servicer, the Issuing Entity, the Depositor or any of their Affiliates, in order to comply with or obtain more favorable treatment under any current or future law, rule, regulation, accounting rule or principle. 
 SECTION 16.15 REGULATION AB. The Servicer shall cooperate fully with the Depositor and the Issuing Entity to deliver to the Depositor
and the Issuing Entity (including any of its assignees or designees) any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Depositor or the Issuing Entity to permit the
Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer and the Transaction Units, or the servicing of the Transaction Units, reasonably believed by the Depositor to be necessary in order to
effect such compliance. 
 [SIGNATURES ON THE FOLLOWING PAGE] 
  

 14 

 IN WITNESS WHEREOF, the parties hereto have caused this Exchange Note Servicing Supplement
to be duly executed by their respective officers duly authorized as of the day and year first above written. 
  

			
	AL Holding Corp., as Closed-End Collateral Agent
		
	By:	 	 /s/ PHILIP A. MARTONE

	Name:	 	Philip A. Martone
	Title:	 	Vice President

  

 S-1 

			
	World Omni Financial Corp., as Servicer
		
	By:	 	 /s/ BEN MILLER

	Name:	 	Ben Miller
	Title:	 	Assistant Treasurer

  

 S-2 

			
	WORLD OMNI LT
		
	By:	 	VT Inc., not in its individual capacity but solely as Titling Trustee
		
	By:	 	 /s/ NANCIE J. ARVIN

	Name:	 	Nancie J. Arvin
	Title:	 	Vice President

  

 S-3Form of Subscription Agreement

 EXHIBIT 10.1 
 SUBSCRIPTION AGREEMENT 
 QuickLogic Corporation 
 1277 Orleans Drive 
 Sunnyvale, CA 94089 

Gentlemen: 
 The undersigned
(the “Investor”) hereby confirms its agreement with QuickLogic Corporation, a Delaware corporation (the “Company”), as follows: 
 1. This Subscription Agreement, including the Terms and Conditions for Purchase of Units attached hereto as Annex I (collectively, this “Agreement”) is made as of the date
set forth below between the Company and the Investor. 
 2. The Company has authorized the sale and issuance to certain
investors of up to an aggregate of 4,305,929 units (the “Units”), subject to adjustment by the Company’s Board of Directors, with each Unit consisting of (i) one share (the “Share,” collectively, the
“Shares”) of its common stock, par value $0.001 per share (the “Common Stock”), and (ii) one warrant (the “Warrant,” collectively, the “Warrants”) to purchase 0.75 of a share
of Common Stock (and the fractional amount being the “Warrant Ratio”), in substantially the form attached hereto as Exhibit B, for a purchase price of $1.45 per Unit (the “Purchase Price”). Units will not be
issued or certificated. The Shares and Warrants are immediately separable and will be issued separately. The shares of Common Stock issuable upon exercise of the Warrants are referred to herein as the “Warrant Shares” and, together
with the Shares, the Units and the Warrants, are referred to herein as the “Securities”). 
 3. The
offering and sale of the Units (the “Offering”) are being made pursuant to (a) an effective Registration Statement on Form S-3, No. 333-161501 (the “Registration Statement”) filed by the Company with the
Securities and Exchange Commission (the “Commission”), including the Prospectus contained therein (the “Base Prospectus”), (b) if applicable, certain “free writing prospectuses” (as that term is
defined in Rule 405 under the Securities Act of 1933, as amended (the “Act”)), that have been or will be filed with the Commission and delivered to the Investor (or made available to the Investor by the filing by the Company of an
electronic version thereof with the Commission) on or prior to the date hereof (the “Issuer Free Writing Prospectus”), containing certain supplemental information regarding the Units, the terms of the Offering and the Company and
(c) a Prospectus Supplement (the “Prospectus Supplement” and, together with the Base Prospectus, the “Prospectus”) containing certain supplemental information regarding the Units and terms of the Offering that
has been or will be filed with the Commission and delivered to the Investor (or made available to the Investor by the filing by the Company of an electronic version thereof with the Commission). 
 4. The Company and the Investor agree that the Investor will purchase from the Company and the Company will issue and sell to the
Investor the Units set forth below for the aggregate purchase price set forth below. The Units shall be purchased pursuant to the Terms and Conditions for Purchase of Units attached hereto as Annex I and incorporated herein by this reference
as if fully set forth herein. The Investor acknowledges that the Offering is not being underwritten by the placement agent (the “Placement Agent”) named in the Prospectus Supplement and that there is no minimum offering amount.

 5. The manner of settlement of the Shares included in the Units purchased by the
Investor shall be as follows: 
 Delivery by crediting the account of the Investor’s prime broker (as specified by such
Investor on Exhibit A annexed hereto) with the Depository Trust Company (“DTC”) through its Deposit/Withdrawal At Custodian (“DWAC”) system, whereby Investor’s prime broker shall initiate a DWAC
transaction on the Closing Date using its DTC participant identification number, and released by American Stock Transfer & Trust Company, the Company’s transfer agent (the “Transfer Agent”), at the Company’s
direction. NO LATER THAN ONE (1) BUSINESS DAY AFTER THE EXECUTION OF THIS AGREEMENT BY THE INVESTOR AND THE COMPANY, THE INVESTOR SHALL: 
  

	 	(I)	DIRECT THE BROKER-DEALER AT WHICH THE ACCOUNT OR ACCOUNTS TO BE CREDITED WITH THE SHARES ARE MAINTAINED TO SET UP A DWAC INSTRUCTING THE TRANSFER AGENT TO CREDIT
SUCH ACCOUNT OR ACCOUNTS WITH THE SHARES, AND 

  

	 	(II)	REMIT BY WIRE TRANSFER THE AMOUNT OF FUNDS EQUAL TO THE AGGREGATE PURCHASE PRICE FOR THE UNITS BEING PURCHASED BY THE INVESTOR TO THE FOLLOWING ACCOUNT:

 JPMorgan Chase Bank, N.A. 
 ABA # 021000021 
 Account Name: QuickLogic Corporation 
 Account Number: 806033411, Quick Logic Escrow Account 
 Attention: Audrey Mohan 
 Tel: (212) 623-5087 
 IT IS THE INVESTOR’S RESPONSIBILITY TO (A) MAKE THE NECESSARY WIRE TRANSFER IN A TIMELY MANNER AND (B) ARRANGE FOR SETTLEMENT BY WAY OF
DWAC IN A TIMELY MANNER. IF THE INVESTOR DOES NOT DELIVER THE AGGREGATE PURCHASE PRICE FOR THE UNITS OR DOES NOT MAKE PROPER ARRANGEMENTS FOR SETTLEMENT IN A TIMELY MANNER, THE SHARES AND WARRANTS MAY NOT BE DELIVERED AT CLOSING TO THE INVESTOR OR
THE INVESTOR MAY BE EXCLUDED FROM THE CLOSING ALTOGETHER. 
 6. The Investor represents that, except as set forth
below, (a) it has had no position, office or other material relationship within the past three years with the Company or persons known to it to be affiliates of the Company, (b) it is not a member of the Financial Industry Regulatory
Authority, Inc. (“FINRA”) or an Associated Person (as such term is defined under FINRA’s NASD Membership and Registration Rules Section 1011) as of the Closing, and (c) neither the Investor nor any group of Investors
(as identified in a public filing made with the Commission) of which the Investor is a part in connection with the Offering of the Units, acquired, or obtained the right to acquire, 20% or more of the Common Stock (or securities convertible into or
exercisable for Common Stock) or the voting power of the Company on a post-transaction basis. Exceptions: 
  

 - 2 - 

  
 (If no exceptions, write “none.” If left blank, response will be deemed to be “none.”) 
 7. The executed Warrant shall be delivered in accordance with the terms thereof. 
 8. The Investor represents that it has received (or otherwise had made available to it by the filing by the Company of an electronic version thereof with the Commission) the Base Prospectus, declared effective by the Commission on
September 2, 2009, which is a part of the Company’s Registration Statement, the documents incorporated by reference therein and any free writing prospectus (collectively, the “Disclosure Package”), prior to or in
connection with the receipt of this Agreement. The Investor acknowledges that, prior to the delivery of this Agreement to the Company, the Investor will receive certain additional information regarding the Offering, including pricing information
(the “Offering Information”). Such information may be provided to the Investor by any means permitted under the Act, including the Prospectus Supplement, a free writing prospectus and oral communications. 
 9. No offer by the Investor to buy Units will be accepted and no part of the Purchase Price will be delivered to the Company until
the Investor has received (or made available to the Investor by the filing by the Company of an electronic version thereof with the Commission) the Offering Information and the Company has accepted such offer by countersigning a copy of this
Agreement, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to the Company (or the Placement Agent on behalf of the Company) sending (orally, in writing or by electronic mail) notice of
its acceptance of such offer. An indication of interest will involve no obligation or commitment of any kind until the Investor has received (or made available to the Investor by the filing by the Company of an electronic version thereof with the
Commission) the Offering Information and this Agreement is accepted and countersigned by or on behalf of the Company. 
 10.
The Company acknowledges that the only material, non-public information relating to the Company or its subsidiaries that the Company, its employees or agents has provided to the Investor in connection with the Offering prior to the date hereof
is the existence of the Offering, and the Investor has agreed to maintain the confidentiality of this information until such information has been publicly disclosed as provided in Section 13 of the Terms and Conditions set forth on
Annex I hereof. The Company understands and confirms that the Investors will rely on the foregoing representation in effecting transactions in securities of the Company. All of the disclosure furnished by or on behalf of the Company to the
Investor regarding the Company, its business and the transactions contemplated hereby, including the Disclosure Package, is true and correct as of the date of such disclosure and did not or does not contain any untrue statement of a material fact or
omit to state any material fact necessary in order to make the statements made therein, in light of the circumstances under which they were made, not misleading. 
  

 - 3 - 

					
	Number of Units:	 	 

  

					
	Purchase Price Per Unit: $	 	 

  

					
	Aggregate Purchase Price: $	 	 

 Please confirm that the foregoing correctly sets forth the agreement between us by
signing in the space provided below for that purpose. 
  

			
	Dated as of: November     , 2009
		
	 	 	 
	INVESTOR	 	

  

					
	By:	 	 	 	 

					
	Print Name:	 	 

					
	Title:	 	 	 	 

					
	Address:	 	 
	
	 

 Agreed and Accepted 
 this          day of November, 2009: 
 QUICKLOGIC
CORPORATION 
  

			
		
	By:	 	 
	 Title:

  

 - 4 - 

 ANNEX I 
 TERMS AND CONDITIONS FOR PURCHASE OF UNITS 
 1.
Authorization and Sale of the Units. Subject to the terms and conditions of this Agreement, the Company has authorized the sale of the Units. 
 2. Agreement to Sell and Purchase the Units; Placement Agent. 
 2.1
At the Closing (as defined in Section 3.1), the Company will sell to the Investor, and the Investor will purchase from the Company, upon the terms and conditions set forth herein, the number of Units set forth on the last page of the
Agreement to which these Terms and Conditions for Purchase of Units are attached as Annex I (the “Signature Page”) for the aggregate purchase price therefor set forth on the Signature Page. 
 2.2 The Company proposes to enter into substantially this same form of Subscription Agreement with certain other investors (the
“Other Investors”) and expects to complete sales of Units to them. The Investor and the Other Investors are hereinafter sometimes collectively referred to as the “Investors,” and this Agreement and the Subscription
Agreements executed by the Other Investors are hereinafter sometimes collectively referred to as the “Agreements.” 
 2.3 Investor acknowledges that the Company has agreed to pay Needham & Company, LLC (the “Placement Agent”) a fee (the “Placement Fee”) in respect of the
sale of Units to the Investor. 
 2.4 The Company has entered into a Placement Agency Agreement, dated November 17,
2009 (the “Placement Agreement”), with the Placement Agent that contains certain representations, warranties, covenants and agreements of the Company that may be relied upon by the Investor, which shall be a third party beneficiary
thereof. 
 2.5 The Company covenants and agrees to use its best efforts to keep the Registration Statement effective
until the earlier of (x) such time as all of the Shares and Warrant Shares issued or issuable can be sold by the Investor or its affiliates immediately without compliance with the registration requirements of the Act pursuant to Rule 144 under
the Act and (y) the date all of the Shares and Warrant Shares issued or issuable shall have been sold by the Investor and its affiliates. 
 3. Closings and Delivery of the Shares and Funds. 
 3.1 Closing.
The completion of the purchase and sale of the Units (the “Closing”) shall occur at a place and time (the “Closing Date”) to be specified by the Company and the Placement Agent, and of which the Investors will
be notified in advance by the Placement Agent, in accordance with Rule 15c6-1 promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). At the Closing, (a) the Company shall cause the Transfer
Agent to deliver to the Investor the number of Shares included in the Units set forth on the Signature Page registered in the name of the Investor or, if so indicated on the Investor Questionnaire attached hereto as Exhibit A, in the name of
a nominee designated by the Investor, (b) the Company shall cause to be delivered to the Investor a Warrant to purchase a number of whole Warrant Shares determined by multiplying the number of Shares included in the Units set forth on the
signature page by the Warrant Ratio and

  

 - 5 - 

 
rounding down to the nearest whole number and (c) the aggregate purchase price for the Units being purchased by the Investor will be delivered by the Escrow Agent on behalf of the Investor
to the Company. 
 3.2 Conditions to the Obligations of the Parties. 
 (a) Conditions to the Company’s Obligations. The Company’s obligation to issue and sell the Units to the Investor
shall be subject to: (i) the receipt by the Company of the purchase price for the Units being purchased hereunder as set forth on the Signature Page and (ii) the accuracy of the representations and warranties made by the Investor and the
fulfillment of those undertakings of the Investor to be fulfilled prior to the Closing Date. 
 (b) Conditions to the
Investor’s Obligations. The Investor’s obligation to purchase the Units will be subject to (or waiver by the Investor of) the accuracy of (a) the representations and warranties made by the Company and the fulfillment of those
undertakings of the Company to be fulfilled prior to the Closing Date, including without limitation, those contained in the Placement Agreement, and (b) to the condition that the Placement Agent shall not have: (i) terminated the Placement
Agreement pursuant to the terms thereof or (ii) determined that the conditions to the closing in the Placement Agreement have not been satisfied. The Investor’s obligations are expressly not conditioned on the purchase by any or all of the
Other Investors of the Units that they have agreed to purchase from the Company. 
 3.3 Delivery of Funds. 
 No later than one (1) business day after the execution of this Agreement by the Investor and the Company, the Investor
shall remit by wire transfer the amount of funds equal to the aggregate purchase price for the Units being purchased by the Investor to the following account designated by the Company and the Placement Agent pursuant to the terms of that certain
Escrow Agreement (the “Escrow Agreement”) dated as of the date hereof, by and among the Company, the Placement Agent and JPMorgan Chase Bank, N.A. (the “Escrow Agent”): 
 JPMorgan Chase Bank, N.A. 
 ABA # 021000021 
 Account Name: QuickLogic Corporation 
 Account Number: 806033411, Quick Logic Escrow Account 
 Attention: Audrey Mohan 
 Tel: (212) 623-5087 
 Such funds shall be held in escrow until the Closing and delivered by the Escrow Agent on behalf of the Investors to the Company upon the
satisfaction, in the sole judgment of the Placement Agent, of the conditions set forth in Section 3.2(b) hereof. The Placement Agent shall have no rights in or to any of the escrowed funds, unless the Placement Agent and the Escrow Agent
are notified in writing by the Company in connection with the Closing that a portion of the escrowed funds shall be applied to the Placement Fee. The Company agrees to indemnify and hold the Escrow Agent harmless from and against any and all losses,
costs, damages, expenses and claims (including, without limitation, court costs and reasonable attorneys fees) (“Losses”) arising under this Section 3.3 or otherwise with respect to the funds held in escrow pursuant
hereto or arising under the Escrow

  

 - 6 - 

 
Agreement, unless it is finally, judicially determined that such Losses resulted directly from the willful misconduct or gross negligence of the Escrow Agent. Anything in this Agreement to the
contrary notwithstanding, in no event shall the Escrow Agent be liable for any special, indirect or consequential loss or damage of any kind whatsoever (including but not limited to lost profits), even if the Escrow Agent has been advised of the
likelihood of such loss or damage and regardless of the form of action. 
 3.4 Delivery of Shares. 
 No later than one (1) business day after the execution of this Agreement by the Investor and the Company, the Investor
shall direct the broker-dealer at which the account or accounts to be credited with the Shares being purchased by such Investor are maintained, which broker/dealer shall be a DTC participant, to set up a DWAC instructing American Stock
Transfer & Trust Company, the Company’s Transfer Agent, to credit such account or accounts with the Shares. Such DWAC instruction shall indicate the settlement date for the deposit of the Shares, which date shall be provided to the
Investor by the Placement Agent. Simultaneously with the delivery to the Company by the Escrow Agent of the funds held in escrow pursuant to Section 3.3 above, the Company shall direct the Transfer Agent to credit the Investor’s
account or accounts with the Shares pursuant to the information contained in the DWAC. 
 4. Representations, Warranties and
Covenants of the Investor. 
 The Investor acknowledges, represents and warrants to, and agrees with, the Company and the
Placement Agent that: 
 4.1 The Investor (a) is knowledgeable, sophisticated and experienced in making, and is
qualified to make decisions with respect to, investments in securities presenting an investment decision like that involved in the purchase of the Units, including investments in securities issued by the Company and investments in comparable
companies, (b) has answered all questions on the Signature Page and the Investor Questionnaire and the answers thereto are true and correct as of the date hereof and will be true and correct as of the Closing Date and (c) in connection
with its decision to purchase the number of Units set forth on the Signature Page, has received and is relying only upon the Disclosure Package and the documents incorporated by reference therein and the Offering Information. 
 4.2(a) The Investor understands and acknowledges that no action has been or will be taken in any jurisdiction outside the United
States by the Company or the Placement Agent that would permit an offering of the Securities, or possession or distribution of offering materials in connection with the issue of the Securities in any jurisdiction outside the United States where
action for that purpose is required, (b) if the Investor is outside the United States, it will comply with all applicable laws and regulations in each foreign jurisdiction in which it purchases, offers, sells or delivers Securities or has in
its possession or distributes any offering material, in all cases at its own expense and (c) the Placement Agent is not authorized to make and has not made any representation, disclosure or use of any information in connection with the issue,
placement, purchase and sale of the Units, except as set forth or incorporated by reference in the Base Prospectus or the Prospectus Supplement or any Issuer Free Writing Prospectus. 
 4.3(a) The Investor has full right, power, authority and capacity to enter into this Agreement and to consummate the transactions
contemplated hereby and has taken all necessary action to authorize the execution, delivery and performance of this Agreement, and (b) this Agreement

  

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constitutes a valid and binding obligation of the Investor enforceable against the Investor in accordance with its terms, except as enforceability may be limited by applicable bankruptcy,
insolvency, reorganization, moratorium or similar laws affecting creditors’ and contracting parties’ rights generally and except as enforceability may be subject to general principles of equity (regardless of whether such enforceability is
considered in a proceeding in equity or at law) and except as to the enforceability of any rights to indemnification or contribution that may be violative of the public policy underlying any law, rule or regulation (including any federal or state
securities law, rule or regulation). 
 4.4 The Investor understands that nothing in this Agreement, the Prospectus, the
Disclosure Package, the Offering Information or any other materials presented to the Investor in connection with the purchase and sale of the Units constitutes legal, tax or investment advice. The Investor has consulted such legal, tax and
investment advisors and made such investigation as it, in its sole discretion, has deemed necessary or appropriate in connection with its purchase of Units. The Investor also understands that there is no established public trading market for the
Warrants being offered in the Offering, and that the Company does not expect such a market to develop. In addition, the Company does not intend to apply for listing the Warrants on any securities exchange. Without an active market, the liquidity of
the Warrants will be limited. 
 4.5 Since the date on which the Placement Agent first contacted the Investor about the
Offering, the Investor has not disclosed any information regarding the Offering to any third parties (other than its legal, accounting and other advisors that are subject to an obligation of confidentiality) and has not engaged in any transactions
involving the securities of the Company (including, without limitation, any Short Sales involving the Company’s securities). The Investor covenants that it will not engage in any transactions involving the securities of the Company (including
Short Sales) or disclose any information about the Offering (other than to its legal, accounting and other advisors that are subject to an obligation of confidentiality) prior to the time that the transactions contemplated by this Agreement are
publicly disclosed. The Investor agrees that it will not use any of the Securities acquired pursuant to this Agreement to cover any short position in the Common Stock if doing so would be in violation of applicable securities laws. For purposes
hereof, “Short Sales” include, without limitation, all “short sales” as defined in Rule 200 promulgated under Regulation SHO under the Exchange Act, (but shall not be deemed to include the location and/or reservation
borrowable shares of Common Stock). 
 4.6 The Investor understands and agrees that the $1 million participation minimum
applicable to the certain investors in the Offering set forth on Exhibit B hereto is material to the Company and other investors in the Offering. The Investor hereby agrees that it will not enter into transactions designed to allow another party or
parties to circumvent this minimum. 
  

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 4.7 The Investor is acquiring the Securities for its own account, not as a nominee or
agent; provided, however, that by making the representations herein, the Investor does not agree to hold any of the Securities for any minimum or other specific term and reserves the right to resell or otherwise dispose of the Securities at any
time, subject to compliance with applicable federal or state securities laws, rules or regulations. The Investor is acquiring the Securities hereunder in the ordinary course of its business and does not presently have any agreement or understanding,
directly or indirectly, with any third party to acquire, sell, transfer, or distribute any of the Securities. 
 5. Survival
of Representations, Warranties and Agreements; Third Party Beneficiary. Notwithstanding any investigation made by any party to this Agreement or by the Placement Agent, all covenants, agreements, representations and warranties made by the
Company and the Investor herein will survive the execution of this Agreement, the delivery to the Investor of the Shares and Warrants being purchased and the payment therefor. The Placement Agent shall be a third party beneficiary with respect to
the representations, warranties and agreements of the Investor in Section 4 hereof. 
 6. Notices. All
notices, requests, consents and other communications hereunder will be in writing, will be mailed (a) if within the domestic United States by first-class registered or certified airmail, or nationally recognized overnight express courier,
postage prepaid, or by facsimile or (b) if delivered from outside the United States, by International Federal Express or facsimile, and (c) will be deemed given (i) if delivered by first-class registered or certified mail domestic,
three business days after so mailed, (ii) if delivered by nationally recognized overnight carrier, one business day after so mailed, (iii) if delivered by International Federal Express, two business days after so mailed and (iv) if
delivered by facsimile, upon electronic confirmation of receipt and will be delivered and addressed as follows: 
  

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 (a) if to the Company, to: 
 QuickLogic Corporation 
 1277 Orleans Drive 
 Sunnyvale, CA 94089 
 Attention: Patricia E. Hart, General Counsel 
 Facsimile: (408) 990-4040 
 with copies to: 
 Wilson Sonsini Goodrich & Rosati 
 Professional Corporation 
 650 Page Mill Road 
 Palo Alto, CA 94304 
 Attention: Glenn J. Luinenburg, Esq. 
 Facsimile: (650) 493-6811 
 (b) if to the Investor, at its address on the Signature Page hereto, or at such other address or addresses as may have been furnished
to the Company in writing. 
 7. Changes. This Agreement may not be modified or amended except pursuant to an instrument
in writing signed by the Company and the Investor. 
 8. Headings. The headings of the various sections of this Agreement
have been inserted for convenience of reference only and will not be deemed to be part of this Agreement. 
 9. Severability.
In case any provision contained in this Agreement should be invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein will not in any way be affected or impaired
thereby. 
 10. Governing Law. This Agreement will be governed by, and construed in accordance with, the internal laws of
the State of New York, without giving effect to the principles of conflicts of law that would require the application of the laws of any other jurisdiction. 
 11. Counterparts. This Agreement may be executed in two or more counterparts, each of which will constitute an original, but all of which, when taken together, will constitute but one instrument,
and will become effective when one or more counterparts have been signed by each party hereto and delivered to the other parties. The Company and the Investor acknowledge and agree that the Company shall deliver its counterpart to the Investor along
with the Prospectus Supplement (or the filing by the Company of an electronic version thereof with the Commission). 
 12.
Confirmation of Sale. The Investor acknowledges and agrees that such Investor’s receipt of the Company’s signed counterpart to this Agreement, together with the Prospectus Supplement (or the filing by the Company of an electronic
version thereof with the Commission), shall constitute written confirmation of the Company’s sale of Units to such Investor. 
  

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 13. Press Release. The Company and the Investor agree that the Company shall, prior
to the opening of the financial markets in New York City on the business day immediately after the date hereof (a) issue a press release announcing the Offering and disclosing all material information regarding the Offering and (b) file a
current report on Form 8-K with the Securities and Exchange Commission including, but not limited to, a form of this Agreement and the Warrant, each as an exhibit thereto. From and after the issuance of such press release, the Company shall have
publicly disclosed all material, non-public information (if any) delivered to any of the Investor by the Company or any of its subsidiaries, or any of their respective officers, directors, employees or agents in connection with the transactions
contemplated by this Agreement. The Company and each Investor shall consult with each other in issuing any other press releases with respect to the transactions contemplated hereby, and neither the Company nor any Investor shall issue any such press
release nor otherwise make any such public statement without the prior consent of the Company, with respect to any press release of any Investor, or without the prior consent of each Investor, with respect to any press release of the Company, which
consent shall not unreasonably be withheld or delayed, except if such disclosure is required by law, in which case the disclosing party shall promptly provide the other party with prior notice of such public statement or communication.
Notwithstanding the foregoing, the Company shall not publicly disclose the name of any Investor, or include the name of any Investor in any filing with the Commission or any regulatory agency or trading market, without the prior written consent of
such Investor, except (a) as required by federal securities law in connection with the filing of final Transaction Documents (including signature pages thereto) with the Commission and (b) to the extent such disclosure is required by law
or trading market regulations, in which case the Company shall provide the Investor with prior notice of such disclosure permitted under this clause (b). 
 14. Lock-Up. The Company acknowledges that it is subject to a lock-up period for a period of ninety (90) days from the date of the Prospectus Supplement (the “Lock-Up Period”)
pursuant to Section 4(k) of the Placement Agreement, which provides that that the Company will not, without the prior written consent of Placement Agent, directly or indirectly offer, sell, assign, transfer, pledge, contract to sell, or
otherwise dispose of, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock, other than the Company’s sale of the Units hereunder and the issuance of restricted Common Stock or options to
acquire Common Stock pursuant to the Company’s employee benefit plans, qualified stock option plans or other employee compensation plans as such plans are in existence on the date hereof and described in the Prospectus and the issuance of
Common Stock pursuant to the valid exercises of options, warrants or rights outstanding on the date hereof. 
 15.
Participation in Future Financing. 
 (a) From the date hereof until the date that is the 12-month anniversary of the
Closing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Common Stock Equivalents (as defined below) for cash consideration (a “Subsequent Financing”), each Investor shall have the right to
participate in up to an amount of the Subsequent Financing (that is not an Exempt Issuance) equal to 50% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the
Subsequent Financing. “Common Stock Equivalents” means any securities of the Company or the Subsidiaries which would entitle the holder thereof to acquire at any time Common Stock, including, without limitation, any debt,
preferred stock, rights, options,

  

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warrants or other instrument that is at any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Common Stock. 
 (b) In the event the Company proposes to undertake a Subsequent Financing, it shall give each Investor written notice of its intention (the
“Pre-Notice”), describing in reasonable detail the proposed terms of such Subsequent Financing, including the securities to be issued, their estimated price and the general terms upon which the Company proposes to issue the same. Each
Investor shall have three (3) days after any such Pre-Notice is mailed or delivered or electronically delivered via email to provide an indication of interest to participate in the Subsequent Financing under the proposed financing terms and
stating therein the quantity of new securities to be purchased (the “Indication of Interest”). If the Company does not receive an Indication of Interest from a Investor, such Investor shall be deemed to have notified the Company that it
does not elect to participate. 
 (c) At least three (3) Trading Days prior to the anticipated closing date of the
Subsequent Financing, the Company shall deliver to each Investor who provided an Indication of Interest a written notice of its intention to close the Subsequent Financing (“Closing Notice”), which Closing Notice will update any of
the information regarding the proposed terms of such Subsequent Financing provided in the Pre-Notice. 
 (d)
Any Investor that continues to want to participate in such Subsequent Financing must provide written confirmation to the Company by not later than 5:30 p.m. (New York City time) on the second (2nd) Trading Day after receipt of the Closing Notice that such Investor is willing to participate in
the Subsequent Financing, the amount of the Investor’s participation, and representing and warranting that the Investor has such funds ready, willing, and available for investment on the terms set forth in the Closing Notice. If the Company
receives no such notice from a Investor as of such second (2nd) Trading Day, such Investor shall be deemed to have notified the Company that it does not elect to participate. 
 (e) If by 5:30 p.m. (New York City time) on the second (2nd) Trading Day after all of the Investors have received the Closing Notice, notifications by the Investors of their willingness to participate in the Subsequent Financing (or to cause their designees
to participate) is, in the aggregate, less than the total amount of the Subsequent Financing, then the Company may effect the remaining portion of such Subsequent Financing on the terms set forth in the Closing Notice.
 (f) If by 5:30 p.m. (New York City time) on the second (2nd) Trading Day after all of the Investors have received the Closing Notice, the Company receives responses to a
Closing Notice from Investors seeking to purchase more than the aggregate amount of the Participation Maximum, each such Investor shall have the right to purchase its Pro Rata Portion (as defined below) of the Subsequent Financing. “Pro
Rata Portion” means the ratio of (x) the Subscription Amount of Securities purchased on the Closing Date by a Investor participating under this Section 15 and (y) the sum of the aggregate Subscription Amounts of Securities
purchased on the Closing Date by all Investors participating under this Section 15. 
 (g) The Company must provide the
Investors with a second Pre-Notice, and the Investors will again have the right of participation set forth above in this Section 15, if the Subsequent Financing subject to the initial Closing Notice is not consummated for any reason

  

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on the terms set forth in such Closing Notice within 30 Trading Days after the date of the initial Closing Notice. 
 (h) Notwithstanding the foregoing, this Section 15 shall not apply in respect of an Exempt Issuance. “Exempt Issuance” means the issuance of (a) the Shares and Warrant Shares
sold hereunder; (b) securities sold pursuant to a registered public offering; (c) shares of Common Stock or options to employees, officers or directors of, or consultants or advisors to, the Company pursuant to any stock or option plan
duly adopted for such purpose, by the Board of Directors or the Company’s Compensation Committee, (d) securities upon the exercise or exchange of or conversion of any Securities issued hereunder and/or other securities exercisable or
exchangeable for or convertible into shares of Common Stock issued and outstanding on the date of this Agreement, provided that such securities have not been amended since the date of this Agreement to increase the number of such securities or to
decrease the exercise price, exchange price or conversion price of such securities, (e) securities issued in connection with acquisitions or strategic transactions approved by a majority of the disinterested directors of the Company (the
primary purpose of which is not to raise equity capital), (f) shares of Common Stock by reason of a stock split, combination or dividend, (g) securities issued to banks, equipment lessors or other financial institutions in connection with
loans made to the Company, (h) securities issued to suppliers or third party service providers in connection with the provision of goods or services (the primary purpose of which is not to raise equity capital), or (i) securities issued or
issuable in connection with sponsored research, collaboration, technology license, development, OEM, marketing or other similar agreements or strategic partnerships approved by the board of directors of the Company. 
 (i) Notwithstanding the foregoing, this Section 15 shall not apply in respect with respect to Subsequent Financings if the issuance of
such new securities would result in a breach of the rules or regulations of the NASDAQ Global Market, except that such limitation shall not apply in the event that the Company obtains, at its election, the approval of its stockholders as required by
the applicable rules of the Nasdaq Global Market for issuances of Common Stock in excess of such amount. 
 16.
Termination. In the event that the Placement Agreement is terminated by the Placement Agent pursuant to the terms thereof, this Agreement shall terminate without any further action on the part of the parties hereto. 
  

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 EXHIBIT A 
 QUICKLOGIC CORPORATION 
 INVESTOR QUESTIONNAIRE 
 Pursuant to Section 3 of Annex I to the Agreement, please provide us with the
following information: 
  

							
				
	1.	  	The exact name that your Shares and Warrants are to be registered in. You may use a nominee name if appropriate:	  	  
	  	
				
	2.	  	The relationship between the Investor and the registered holder listed in response to item 1 above:	  	  
	  	
				
	3.	  	The mailing address of the registered holder listed in response to item 1 above:	  	  
	  	
				
	4.	  	The Social Security Number or Tax Identification Number of the registered holder listed in the response to item 1 above:	  	  
	  	
				
	5.	  	Name of DTC Participant (broker-dealer at which the account or accounts to be credited with the Shares are maintained):	  	  
	  	
				
	6.	  	DTC Participant Number:	  	  
	  	
				
	7.	  	Name of Account at DTC Participant being credited with the Shares:	  	  
	  	
				
	8.	  	Account Number at DTC Participant being credited with the Shares:

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