Document:

QCOM 9.30.12 EX 10.109

QUALCOMM Incorporated
2006 Long-Term Incentive Plan
Non-Employee Director Deferred Stock Unit Agreement
Pursuant to the Grant Notice and this Non-Employee Director Deferred Stock Unit Agreement (the “Agreement”), QUALCOMM Incorporated (the “Company”) has granted you a Deferred Stock Unit Award with respect to the number of shares of the Company's common stock (“Stock”) indicated in the Grant Notice.  Capitalized terms not explicitly defined in this Agreement but defined in the QUALCOMM Incorporated 2006 Long-Term Incentive Plan (the “Plan”) shall have the same definitions as in the Plan.
The details of this Deferred Stock Unit Award are as follows:
1.Service and Vesting.
1.1Service.  As provided in the Plan and notwithstanding any other provision of this Agreement, the Company reserves the right, in its sole discretion, to determine when your Service has terminated.
1.2Vesting.  Except as otherwise provided in the Plan or this Agreement, this Deferred Stock Unit Award will vest on the vesting dates provided in the Grant Notice (the “Vesting Dates”).  Except as otherwise expressly set forth in the Grant Notice, in the event of the termination of your Service for any reason, whether voluntary or involuntary, all unvested Deferred Stock Units shall be immediately forfeited without consideration.  Unless and until the Deferred Stock Units vest on the applicable Vesting Dates, you will have no right to payment of any such Deferred Stock Units.
2.Settlement of the Deferred Stock Units.
2.1Timing of Payment.  The “Settlement Date” of your vested Deferred Stock Units shall be the earliest to occur of the following: (a) the third anniversary of the Date of Grant specified in the Grant Notice, or such later date as you may elect in accordance with Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”); (b) your separation from Service, to the extent such separation constitutes a “separation from service” pursuant to Section 409A of the Code; (c) your death; (d) your Disability, to the extent such Disability constitutes a “disability” pursuant to Section 409A of the Code; or (e) a Change in Control, to the extent such Change in Control constitutes a “change in ownership or effective control of the corporation” with respect to the Company pursuant to Section 409A of the Code.
2.2Form of Payment.  Your vested Deferred Stock Units shall be paid in whole shares of Stock (in cash as to fractional shares) on, or as soon as practicable following, but in no event later than thirty (30) days after, the Settlement Date, except as otherwise specified below.  To assist you in satisfying federal, state, local, or non-U.S. income tax obligations arising from your Deferred Stock Unit Award, the Company will allow you to make a one-time irrevocable election no later than (60) days after the Date of Grant specified in the Grant Notice, authorizing the Company to pay cash in lieu of Stock with respect to a percentage of the Deferred Stock Units equal to the sum of (i) the federal tax rate for supplemental wages in effect 

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under Section 1(i)(2) of the Code and (ii) the California tax rate for supplemental wages other than stock options and bonus payments in effect under Section 18663(b)(1) of the Revenue and Taxation Code (the sum of (i) and (ii) being hereinafter referred to as the “Tax Percentage”).  The amount of cash paid in lieu of such shares of Stock shall be equal to (I) the number of Deferred Stock Units (rounded up to the nearest whole Deferred Stock Unit) corresponding to the Tax Percentage, multiplied by (II) if the Stock is listed on a national or regional securities exchange or market system, the closing price of a share of Stock as quoted on such national or regional securities exchange or market system constituting the primary market for the Stock on the last trading day prior to the Settlement Date, or, if the Stock is not listed on a national or regional securities exchange or market system, the price of a share of Stock as determined by the Committee in good faith without regard to any restriction other than a restriction which, by its terms, will never lapse (the price determined under this clause (II) being hereinafter referred to for purposes of this Agreement as the “Fair Market Value of the Stock”).  Any election to receive a portion of the Deferred Stock Unit Award paid in cash as specified in this Section 2.2, shall not be effective with respect to any Settlement Date that occurs within six (6) months after the later of the date of the election or the Date of the Grant specified in the Grant Notice.
3.Tax Advice.  You acknowledge that you may be subject to federal, state, local, and non-U.S. income tax obligations arising from your Deferred Stock Unit Award.  You represent, warrant and acknowledge that the Company has made no warranties or representations to you with respect to the income tax consequences of the transactions contemplated by this Agreement, and you are in no manner relying on the Company or its representatives for an assessment of such tax consequences.  YOU UNDERSTAND THAT THE TAX LAWS AND REGULATIONS ARE SUBJECT TO CHANGE.  YOU SHOULD CONSULT YOUR OWN TAX ADVISOR REGARDING THE TAX TREATMENT OF ANY DEFERRED STOCK UNITS.  NOTHING STATED HEREIN IS INTENDED OR WRITTEN TO BE USED, AND CANNOT BE USED, FOR THE PURPOSE OF AVOIDING TAXPAYER PENALTIES.
4.Dividend Equivalents.  If the Board declares a cash dividend on the Company's Stock, you will be entitled to Dividend Equivalents on the dividend payment date established by the Company equal to the cash dividends payable on the same number of shares of Stock as the number of Deferred Stock Units subject to this Deferred Stock Unit Award on the dividend record date established by the Company.  Any such Dividend Equivalents will be in the form of additional Deferred Stock Units, will be subject to the same terms and vesting dates as the underlying Deferred Stock Units, and will be paid at the same time and in the same manner as the underlying Deferred Stock Units originally subject to this Deferred Stock Unit Award, except that any fractional shares attributable to Dividend Equivalents will be paid in cash within thirty (30) days following the date of payment of the underlying Deferred Stock Unit based on the Fair Market Value (as specified in Section 2.2, above) on the date of payment of the underlying Deferred Stock Unit.  The number of additional Deferred Stock Units credited as Dividend Equivalents on the dividend payment date will be determined by dividing (1) the product of (a) the number of your Deferred Stock Units as of the corresponding dividend record date (including any Deferred Stock Units previously credited as a result of prior payments of Dividend Equivalents) and (b) the per-share cash dividend paid on the dividend payment date, by (2) the per-share Fair Market Value (as specified in Section 2.2, above) of Stock on the dividend payment date.

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5.Securities Law Compliance.  Notwithstanding anything to the contrary contained herein, no shares of Stock will be issued to you upon vesting and settlement of this Deferred Stock Unit Award unless the Stock is then registered under the Securities Act or, if such Stock is not then so registered, the Company has determined that such vesting and issuance would be exempt from the registration requirements of the Securities Act.  By accepting the Deferred Stock Unit Award, you agree not to sell any of the shares of Stock received under this Deferred Stock Unit Award at a time when applicable laws or Company policies prohibit a sale.
6.Transferability.  Prior to the issuance of shares of Stock in settlement of a Deferred Stock Unit Award, the Award shall not be subject in any manner to anticipation, alienation, sale, exchange, transfer, assignment, pledge, encumbrance, or garnishment by your creditors or by your beneficiary, except (i) transfer by will or by the laws of descent and distribution or (ii) transfer by written designation of a beneficiary, in a form acceptable to the Company, with such designation taking effect upon your death.  All rights with respect to the Deferred Stock Unit Award shall be exercisable during your lifetime only by you or your guardian or legal representative.  Prior to actual payment of any Deferred Stock Units, such Deferred Stock Units will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.
7.Deferred Stock Units Not a Service Contract.  This Deferred Stock Unit Award is not an employment or service contract and nothing in this Agreement, the Grant Notice or the Plan shall be deemed to create in any way whatsoever any obligation on your part to continue in the service of a Participating Company, or of a Participating Company to continue your Service with the Participating Company.  In addition, nothing in your Deferred Stock Unit Award shall obligate the Company, its stockholders, Board, Officers or Employees to continue any relationship which you might have as a Director or Consultant for the Company.
8.Restrictive Legend.  Stock issued pursuant to the vesting and settlement of the Deferred Stock Units may be subject to such restrictions upon the sale, pledge or other transfer of the Stock as the Company and the Company's counsel deem necessary under applicable law or pursuant to this Agreement.
9.Representations, Warranties, Covenants, and Acknowledgments. You hereby agree that in the event the Company and the Company's counsel deem it necessary or advisable in the exercise of their discretion, the transfer or issuance of the shares of Stock issued pursuant to the Deferred Stock Units may be conditioned upon you making certain representations, warranties, and acknowledgments relating to compliance with applicable securities laws.
10.Voting and Other Rights.  Subject to the terms of this Agreement, you shall not have any voting rights or any other rights and privileges of a shareholder of the Company unless and until shares of Stock are issued upon payment of the Deferred Stock Units.
11.Code Section 409A.  It is the intent that the payment of Deferred Stock Units as set forth in this Agreement shall comply with the requirements of Section 409A of the Code, and any ambiguities herein will be interpreted to so comply.  The Company reserves the right, to the extent the Company deems necessary or advisable in its sole discretion, to unilaterally amend or modify this Agreement as may be necessary to ensure that all payments provided for under this Agreement are made in a manner that qualifies for exemption from Section 409A of the Code; 

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provided, however, that the Company makes no representation that the payments of Deferred Stock Units provided for under this Agreement will be exempt from Section 409A of the Code and makes no undertaking to preclude Section 409A of the Code from applying to the payments of Deferred Stock Units provided for under this Agreement.
12.Notices.  Any notices provided for in this Agreement, the Grant Notice or the Plan shall be given in writing and shall be deemed effectively given upon receipt or, in the case of notices delivered by the Company to you, five (5) days after deposit in the United States mail, postage prepaid, addressed to you at the last address you provided to the Company.
13.Applicable Law.  This Agreement shall be governed by the laws of the State of California as if the Agreement were between California residents and as if it were entered into and to be performed entirely within the State of California.
14.Arbitration.  Any dispute or claim concerning any Deferred Stock Units granted (or not granted) pursuant to the Plan and any other disputes or claims relating to or arising out of the Plan shall be fully, finally and exclusively resolved by binding arbitration conducted by the American Arbitration Association pursuant to the commercial arbitration rules in San Diego, California.  By accepting the Deferred Stock Unit Award, you and the Company waive your respective rights to have any such disputes or claims tried by a judge or jury.
15.Amendment.  Your Deferred Stock Unit Award may be amended as provided in the Plan at any time, provided no such amendment may adversely affect the Deferred Stock Unit Award without your consent unless such amendment is necessary to comply with any applicable law or government regulation, or is contemplated in Section 11 hereof.  No amendment or addition to this Agreement shall be effective unless in writing or in such electronic form as may be designated by the Company.
16.Governing Plan Document.  Your Deferred Stock Unit Award is subject to this Agreement, the Grant Notice and all the provisions of the Plan, the provisions of which are hereby made a part of this Agreement, and is further subject to all interpretations, amendments, rules and regulations which may from time to time be promulgated and adopted pursuant to the Plan.  In the event of any conflict between the provisions of this Agreement, the Grant Notice and those of the Plan, the provisions of the Plan shall control.
17.Severability.  If any provision of this Agreement is held to be unenforceable for any reason, it shall be adjusted rather than voided, if possible, in order to achieve the intent of the parties to the extent possible.  In any event, all other provisions of this Agreement shall be deemed valid and enforceable to the full extent possible.
18.Description of Electronic Delivery.  The Plan documents, which may include but do not necessarily include: the Plan, the Grant Notice, this Agreement, and any reports of the Company provided generally to the Company's shareholders, may be delivered to you electronically.  In addition, if permitted by the Company, you may deliver electronically the Grant Notice to the Company or to such third party involved in administering the Plan as the Company may designate from time to time.  Such means of electronic delivery may include but do not necessarily include the delivery of a link to a Company intranet or the internet site of a 

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third party involved in administering the Plan, the delivery of the document via electronic mail (“e-mail”) or such other means of electronic delivery specified by the Company.

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QUALCOMM Incorporated
2006 Long-Term Incentive Plan
Non-Employee Director Deferred Stock Unit Agreement
For Non-Employee Directors in Spain
Pursuant to the Grant Notice and this Non-Employee Director Deferred Stock Unit Agreement for Directors in Spain (the “Agreement”), QUALCOMM Incorporated (the “Company”) has granted you a Deferred Stock Unit Award with respect to the number of shares of the Company's common stock (“Stock”) indicated in the Grant Notice.  Capitalized terms not explicitly defined in this Agreement but defined in the QUALCOMM Incorporated 2006 Long-Term Incentive Plan (the “Plan”) shall have the same definitions as in the Plan.
The details of this Deferred Stock Unit Award are as follows:
1.Service and Vesting.
1.1Service.  As provided in the Plan and notwithstanding any other provision of this Agreement, the Company reserves the right, in its sole discretion, to determine when your Service has terminated.
1.2Vesting.  Except as otherwise provided in the Plan or this Agreement, this Deferred Stock Unit Award will vest on the vesting dates provided in the Grant Notice (the “Vesting Dates”).  Except as otherwise expressly set forth in the Grant Notice, in the event of the termination of your Service for any reason, whether voluntary or involuntary, all unvested Deferred Stock Units shall be immediately forfeited without consideration.  Unless and until the Deferred Stock Units vest on the applicable Vesting Dates, you will have no right to payment of any such Deferred Stock Units.
2.Settlement of the Deferred Stock Units.
2.1Timing of Payment.  The “Settlement Date” of your vested Deferred Stock Units shall be the earliest to occur of the following: (a) the third anniversary of the Date of Grant specified in the Grant Notice, or such later date as you may elect in accordance with Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”); (b) your separation from Service, to the extent such separation constitutes a “separation from service” pursuant to Section 409A of the Code; (c) your death; (d) your Disability, to the extent such Disability constitutes a “disability” pursuant to Section 409A of the Code; or (e) a Change in Control, to the extent such Change in Control constitutes a “change in ownership or effective control of the corporation” with respect to the Company pursuant to Section 409A of the Code.
2.2Form of Payment.  Your vested Deferred Stock Units shall be paid in whole shares of Stock (in cash as to fractional shares) on, or as soon as practicable following, but in no event later than thirty (30) days after, the Settlement Date, except as otherwise specified below.  To assist you in satisfying federal, state, local, or non-U.S. income tax or social insurance obligations arising from your Deferred Stock Unit Award, the Company will allow you to make a one-time irrevocable election no later than (60) days after the Date of Grant specified in the 

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Grant Notice, authorizing the Company to pay cash in lieu of Stock with respect to a percentage of the Deferred Stock Units equal to the sum of any applicable U.S. and non-U.S. income tax or social insurance withholding rates (such sum referred to herein as the “Tax Percentage”).  The amount of cash paid in lieu of such shares of Stock shall be equal to (i) the number of Deferred Stock Units (rounded up to the nearest whole Deferred Stock Unit) corresponding to the Tax Percentage, multiplied by (ii) if the Stock is listed on a national or regional securities exchange or market system, the closing price of a share of Stock as quoted on such national or regional securities exchange or market system constituting the primary market for the Stock on the last trading day prior to the Settlement Date, or, if the Stock is not listed on a national or regional securities exchange or market system, the price of a share of Stock as determined by the Committee in good faith without regard to any restriction other than a restriction which, by its terms, will never lapse (the price determined under this clause (ii) being hereinafter referred to for purposes of this Agreement as the “Fair Market Value of the Stock”).  Any election to receive a portion of the Deferred Stock Unit Award paid in cash as specified in this Section 2.2, shall not be effective with respect to any Settlement Date that occurs within six (6) months after the later of the date of the election or the Date of the Grant specified in the Grant Notice.
3.Tax Withholding.  As a non-employee Director of the Company, you should report any income you derive from the Deferred Stock Unit Award and pay all applicable income taxes and social insurance contributions on such income.  Notwithstanding the foregoing, in the event that a Participating Company has any income tax, social insurance contribution, payroll tax or other tax-related withholding (“Tax-Related Items”) obligation with respect to the income you derive from the Deferred Stock Unit Award, you authorize the Participating Company, at its discretion, to withhold all applicable Tax-Related Items legally payable by you by withholding in shares of Stock, with such withholding obligation determined based on any applicable minimum statutory withholding rates.  In the event that the Company cannot legally satisfy the Tax-Related Items obligations by such withholding in Shares, the Company shall be entitled to withhold all applicable Tax-Related Items legally payable by you by one or a combination of the following methods: (i) withholding from cash compensation payable to you by the Company or (ii) arranging for the sale of shares of Stock acquired upon payment of the Deferred Stock Unit Award (on your behalf and at your direction pursuant to this authorization).  Finally, you agree to pay on demand to the Participating Company any amount of Tax-Related Items that the Participating Company may be required to withhold as a result of your participation in the Plan or the payment of shares of Stock that cannot be satisfied by the means previously described.    
4.Tax Advice.  You acknowledge that you may be subject to federal, state, local, and non-U.S. income tax and social insurance obligations arising from your Deferred Stock Unit Award.  You represent, warrant and acknowledge that the Company has made no warranties or representations to you with respect to the income tax or social insurance consequences of the transactions contemplated by this Agreement, and you are in no manner relying on the Company or its representatives for an assessment of such tax consequences.  YOU UNDERSTAND THAT THE TAX LAWS AND REGULATIONS ARE SUBJECT TO CHANGE.  YOU SHOULD CONSULT YOUR OWN TAX ADVISOR REGARDING THE TAX AND SOCIAL INSURANCE TREATMENT OF ANY DEFERRED STOCK UNITS.  NOTHING STATED HEREIN IS INTENDED OR WRITTEN TO BE USED, AND CANNOT BE USED, FOR THE PURPOSE OF AVOIDING TAXPAYER PENALTIES.

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5.Dividend Equivalents.  If the Board declares a cash dividend on the Company's Stock, you will be entitled to Dividend Equivalents on the dividend payment date established by the Company equal to the cash dividends payable on the same number of shares of Stock as the number of Deferred Stock Units subject to this Deferred Stock Unit Award on the dividend record date established by the Company.  Any such Dividend Equivalents will be in the form of additional Deferred Stock Units, will be subject to the same terms and vesting dates as the underlying Deferred Stock Units, and will be paid at the same time and in the same manner as the underlying Deferred Stock Units originally subject to this Deferred Stock Unit Award, except that any fractional shares attributable to Dividend Equivalents will be paid in cash within thirty (30) days following the date of payment of the underlying Deferred Stock Unit based on the Fair Market Value (as specified in Section 2.2, above) on the date of payment of the underlying Deferred Stock Unit.  The number of additional Deferred Stock Units credited as Dividend Equivalents on the dividend payment date will be determined by dividing (1) the product of (a) the number of your Deferred Stock Units as of the corresponding dividend record date (including any Deferred Stock Units previously credited as a result of prior payments of Dividend Equivalents) and (b) the per-share cash dividend paid on the dividend payment date, by (2) the per-share Fair Market Value (as specified in Section 2.2, above) of Stock on the dividend payment date.
6.Securities Law Compliance.  Notwithstanding anything to the contrary contained herein, no shares of Stock will be issued to you upon vesting and settlement of this Deferred Stock Unit Award unless the Stock is then registered under the Securities Act or, if such Stock is not then so registered, the Company has determined that such vesting and issuance would be exempt from the registration requirements of the Securities Act.  By accepting the Deferred Stock Unit Award, you agree not to sell any of the shares of Stock received under this Deferred Stock Unit Award at a time when applicable laws or Company policies prohibit a sale.
7.Transferability.  Prior to the issuance of shares of Stock in settlement of a Deferred Stock Unit Award, the Award shall not be subject in any manner to anticipation, alienation, sale, exchange, transfer, assignment, pledge, encumbrance, or garnishment by your creditors or by your beneficiary, except (i) transfer by will or by the laws of descent and distribution or (ii) transfer by written designation of a beneficiary, in a form acceptable to the Company, with such designation taking effect upon your death.  All rights with respect to the Deferred Stock Unit Award shall be exercisable during your lifetime only by you or your guardian or legal representative.  Prior to actual payment of any Deferred Stock Units, such Deferred Stock Units will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.
8.Deferred Stock Units Not a Service Contract.  This Deferred Stock Unit Award is not an employment or service contract and nothing in this Agreement, the Grant Notice or the Plan shall be deemed to create in any way whatsoever any obligation on your part to continue in the service of a Participating Company, or of a Participating Company to continue your Service with the Participating Company.  In addition, nothing in your Deferred Stock Unit Award shall obligate the Company, its stockholders, Board, Officers or Employees to continue any relationship which you might have as a Director or Consultant for the Company.

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9.Restrictive Legend.  Stock issued pursuant to the vesting and settlement of the Deferred Stock Units may be subject to such restrictions upon the sale, pledge or other transfer of the Stock as the Company and the Company's counsel deem necessary under applicable law or pursuant to this Agreement.
10.Representations, Warranties, Covenants, and Acknowledgments. You hereby agree that in the event the Company and the Company's counsel deem it necessary or advisable in the exercise of their discretion, the transfer or issuance of the shares of Stock issued pursuant to the Deferred Stock Units may be conditioned upon you making certain representations, warranties, and acknowledgments relating to compliance with applicable securities laws.
11.Voting and Other Rights.  Subject to the terms of this Agreement, you shall not have any voting rights or any other rights and privileges of a shareholder of the Company unless and until shares of Stock are issued upon payment of the Deferred Stock Units.
12.Code Section 409A.  It is the intent that the payment of Deferred Stock Units as set forth in this Agreement shall comply with the requirements of Section 409A of the Code, and any ambiguities herein will be interpreted to so comply.  The Company reserves the right, to the extent the Company deems necessary or advisable in its sole discretion, to unilaterally amend or modify this Agreement as may be necessary to ensure that all payments provided for under this Agreement are made in a manner that qualifies for exemption from Section 409A of the Code; provided, however, that the Company makes no representation that the payments of Deferred Stock Units provided for under this Agreement will be exempt from Section 409A of the Code and makes no undertaking to preclude Section 409A of the Code from applying to the payments of Deferred Stock Units provided for under this Agreement.
13.Notices.  Any notices provided for in this Agreement, the Grant Notice or the Plan shall be given in writing and shall be deemed effectively given upon receipt or, in the case of notices delivered by the Company to you, five (5) days after deposit in the United States mail, postage prepaid, addressed to you at the last address you provided to the Company.
14.Data Privacy.  You hereby explicitly and unambiguously consent to the collection, use and transfer, in electronic or other form, of your personal data as described in this Agreement by and among, as necessary and applicable, the Participating Companies, for the exclusive purpose of implementing, administering and managing your participation in the Plan.
You understand that the Company may hold certain personal information about you, including, but not limited to, your name, home address and telephone number, date of birth, social security or insurance number or other identification number, salary, nationality, and any shares of stock or directorships held in the Company, and details of the Deferred Stock Units or any other entitlement to shares of Stock, canceled, exercised, vested, unvested or outstanding in your favor, for the purpose of implementing, administering and managing the Plan (“Data”).
Participants residing outside the U.S, should understand the following:  Data will be transferred to E*TRADE Financial (“E*TRADE”), or such other stock plan service provider as may be selected by Company in the future, which is assisting Company with the 

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implementation, administration and management of the Plan.  You understand that the recipients of the Data may be located in the United States or elsewhere, and that the recipients' country (e.g., the United States) may have different data privacy laws and protections than your country.  You understand that you may request a list with the names and addresses of any potential recipients of the Data by contacting the Stock Administration department.  You authorize the Company, E*TRADE, and any other possible recipients that may assist the Company (presently or in the future) with implementing, administering and managing the Plan to receive, possess, use, retain and transfer the Data, in electronic or other form, for the sole purpose of implementing, administering and managing your participation in the Plan.  You understand that Data will be held only as long as is necessary to implement, administer and manage your participation in the Plan. You understand that you may, at any time, view Data, request additional information about the storage and processing of Data, require any necessary amendments to Data or refuse or withdraw the consents herein, in any case without cost, by contacting in writing the Stock Administration department.  You understand, however, that refusing or withdrawing your consent may affect your ability to participate in the Plan.
For more information on the consequences of your refusal to consent or withdrawal of consent, you understand that you may contact the Stock Administration department at QUALCOMM Incorporated, 5775 Morehouse Drive, San Diego, CA 92121.
15.Nature of Grant.  In accepting the Deferred Stock Unit Award, you acknowledge and agree that:
(a)    the Plan is established voluntarily by the Company, it is discretionary in nature and it may be modified, amended, suspended or terminated by the Company at any time, unless otherwise provided in the Plan, the Agreement or the Grant Notice;
(b)    the award of Deferred Stock Units is voluntary and occasional and does not create any contractual or other right to receive future awards of Deferred Stock Units, or benefits in lieu of Deferred Stock Units, even if Deferred Stock Units or other Awards have been awarded repeatedly in the past;
(c)    all decisions with respect to future Awards, if any, will be at the sole discretion of the Company;
(d)    your participation in the Plan is voluntary;
(e)    the future value of the underlying shares of Stock is unknown and cannot be predicted with certainty;
(f)     no claim or entitlement to compensation or damages shall arise from forfeiture of the Deferred Stock Units resulting from termination of your Service (for any reason whatsoever), and in consideration of the grant of the Deferred Stock Units to which you are otherwise not entitled, you irrevocably agree never to institute any claim against the Company, waive your ability, if any, to bring any such claim, and release the Company from any such claim; if, notwithstanding the foregoing, any such claim is allowed by a court of competent jurisdiction, then, by participating in the Plan, you shall be deemed irrevocably to have agreed 

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not to pursue such claim and agree to execute any and all documents necessary to request dismissal or withdrawal of such claims;
(g)    the Company is not providing any legal or financial advice, nor is the Company making any recommendations regarding your participation in the Plan or your acquisition or sale of the underlying shares of Stock; and
(h)    you are hereby advised to consult with your own personal legal and financial advisors regarding your participation in the Plan before taking any action related to the Plan.
16.Applicable Law.  This Agreement shall be governed by the laws of the State of California as if the Agreement were between California residents and as if it were entered into and to be performed entirely within the State of California.
17.Imposition of Other Requirements.  The Company reserves the right to impose other requirements on your participation in the Plan, on the Deferred Stock Units, and on any shares of Stock acquired under the Plan, to the extent the Company determines it is necessary or advisable in order to comply with local law or facilitate the administration of the Plan, and to require you to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing.
18.Arbitration.  Any dispute or claim concerning any Deferred Stock Units granted (or not granted) pursuant to the Plan and any other disputes or claims relating to or arising out of the Plan shall be fully, finally and exclusively resolved by binding arbitration conducted by the American Arbitration Association pursuant to the commercial arbitration rules in San Diego, California.  By accepting the Deferred Stock Unit Award, you and the Company waive your respective rights to have any such disputes or claims tried by a judge or jury.
19.Amendment.  Your Deferred Stock Unit Award may be amended as provided in the Plan at any time, provided no such amendment may adversely affect the Deferred Stock Unit Award without your consent unless such amendment is necessary to comply with any applicable law or government regulation, or is contemplated in Section 12 hereof.  No amendment or addition to this Agreement shall be effective unless in writing or in such electronic form as may be designated by the Company.
20.Governing Plan Document.  Your Deferred Stock Unit Award is subject to this Agreement, the Grant Notice and all the provisions of the Plan, the provisions of which are hereby made a part of this Agreement, and is further subject to all interpretations, amendments, rules and regulations which may from time to time be promulgated and adopted pursuant to the Plan.  In the event of any conflict between the provisions of this Agreement, the Grant Notice and those of the Plan, the provisions of the Plan shall control.
21.Severability.  If any provision of this Agreement is held to be unenforceable for any reason, it shall be adjusted rather than voided, if possible, in order to achieve the intent of the parties to the extent possible.  In any event, all other provisions of this Agreement shall be deemed valid and enforceable to the full extent possible.

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22.Description of Electronic Delivery.  The Plan documents, which may include but do not necessarily include: the Plan, the Grant Notice, this Agreement, and any reports of the Company provided generally to the Company's shareholders, may be delivered to you electronically.  In addition, if permitted by the Company, you may deliver electronically the Grant Notice to the Company or to such third party involved in administering the Plan as the Company may designate from time to time.  Such means of electronic delivery may include but do not necessarily include the delivery of a link to a Company intranet or the internet site of a third party involved in administering the Plan, the delivery of the document via electronic mail (“e-mail”) or such other means of electronic delivery specified by the Company.

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QUALCOMM Incorporated
2006 Long-Term Incentive Plan
Non-Employee Director Deferred Stock Unit Grant Notice

QUALCOMM Incorporated (the “Company”), pursuant to its 2006 Long-Term Incentive Plan (the “Plan”) hereby grants to the Participant named below the number of Deferred Stock Units set forth below, each of which is a bookkeeping entry representing the equivalent in value of one (1) share of the Company's common stock.  The Non-Employee Director Deferred Stock Unit Award is subject to all of the terms and conditions as set forth herein and the Non-Employee Director Deferred Stock Unit Agreement (attached hereto) and the Plan1 which are incorporated herein in their entirety.  Capitalized terms not otherwise defined in this Grant Notice or the Non-Employee Director Deferred Stock Unit Agreement shall have the meaning set forth in the Plan.

	
		
	Participant: «First_Name» «Last_Name»
	Grant No.: «Number»

	Emp #: «ID»
	Shares Subject to Deferred Stock Unit: «Shares_Granted»

	Date of Grant: «DSU_Date»
	 

Vesting
This Deferred Stock Unit Award vests on the earliest to occur of the following events provided your Service is continuous from the Date of Grant through the applicable date: (1) the one-year anniversary of the Date of Grant, (2) the date of the next annual meeting of stockholders of the Company that occurs after the Date of Grant, (3) your death, (4) your Disability, or (5) a Change in Control.

Settlement
The Deferred Stock Units will be settled and paid  as provided in the Non-Employee Director Deferred Stock Unit Agreement on, or as soon as practicable following, but in no event later than thirty (30) days after [specify date of 3 years from grant or later date specified in valid election].  However, as provided in Section 2.1 of the Deferred Stock Unit Agreement, these Deferred Stock Units may be settled earlier upon the termination of your Board service and certain other events.

Additional Terms/Acknowledgments:  The Participant acknowledges (in the form determined by the Company) receipt of, and represents that the Participant has read, understands, accepts and agrees to the terms and conditions of the following:  this Grant Notice, the Non-Employee Director Deferred Stock Unit Agreement and the Plan (including, but not limited to, the binding arbitration provision in Section 3.7 of the Plan).  Participant hereby accepts the Deferred Stock Unit Award subject to all of its terms and conditions and further acknowledges that as of the Date of Grant, this Grant Notice, the Non-Employee Director Deferred Stock Unit Agreement and the Plan set forth the entire understanding between Participant and the Company regarding the acquisition of stock in the Company and supersedes all prior oral and written agreements pertaining to this particular Deferred Stock Unit Award.

	
			
	QUALCOMM Incorporated:
	Non-Employee Director:

	 
	 
	 

	By:
	/s/ Dr. Paul E. Jacobs
	                                                                                      

	 
	Chairman of the Board and
	Signature

	 
	Chief Executive Officer
	 

	 
	Dated: «DSU_Date»
	Date:                                                                             

	 
	 
	 

	Attachment: Non-Employee Director Deferred Stock Unit Agreement - (DSU A4)

_____________________________
1A copy of the Plan can be obtained from the Stock Administration website, located on the Company's internal webpage, or you may request a hard copy from the Stock Administration Department.

QUALCOMM Incorporated
2006 Long-Term Incentive Plan
Non-Employee Director Deferred Stock Unit Grant Notice

QUALCOMM Incorporated (the “Company”), pursuant to its 2006 Long-Term Incentive Plan (the “Plan”) hereby grants to the Participant named below the number of Deferred Stock Units set forth below, each of which is a bookkeeping entry representing the equivalent in value of one (1) share of the Company's common stock.  The Non-Employee Director Deferred Stock Unit Award is subject to all of the terms and conditions as set forth herein and the Non-Employee Director Deferred Stock Unit Agreement (attached hereto) and the Plan1 which are incorporated herein in their entirety.  Capitalized terms not otherwise defined in this Grant Notice or the Non-Employee Director Deferred Stock Unit Agreement shall have the meaning set forth in the Plan.

	
		
	Participant: «First_Name» «Last_Name»
	Grant No.: «Number»

	Emp #: «ID»
	Shares Subject to Deferred Stock Unit: «Shares_Granted»

	Date of Grant: «DSU_Date»
	 

Vesting

This Deferred Stock Unit Award is fully vested on the Date of Grant.

Settlement

The Deferred Stock Units will be settled and paid  as provided in the Non-Employee Director Deferred Stock Unit Agreement on, or as soon as practicable following, but in no event later than thirty (30) days after [specify date of 3 years from grant or later date specified in valid election].  However, as provided in Section 2.1 of the Deferred Stock Unit Agreement, these Deferred Stock Units may be settled earlier upon the termination of your Board service and certain other events.

Additional Terms/Acknowledgments:  The Participant acknowledges (in the form determined by the Company) receipt of, and represents that the Participant has read, understands, accepts and agrees to the terms and conditions of the following:  this Grant Notice, the Non-Employee Director Deferred Stock Unit Agreement and the Plan (including, but not limited to, the binding arbitration provision in Section 3.7 of the Plan).  Participant hereby accepts the Deferred Stock Unit Award subject to all of its terms and conditions and further acknowledges that as of the Date of Grant, this Grant Notice, the Non-Employee Director Deferred Stock Unit Agreement and the Plan set forth the entire understanding between Participant and the Company regarding the acquisition of stock in the Company and supersedes all prior oral and written agreements pertaining to this particular Deferred Stock Unit Award.

	
			
	QUALCOMM Incorporated:
	Non-Employee Director:

	 
	 
	 

	By:
	/s/ Dr. Paul E. Jacobs
	                                                                                      

	 
	Chairman of the Board and
	Signature

	 
	Chief Executive Officer
	 

	 
	Dated: «DSU_Date»
	Date:                                                                             

	 
	 
	 

	Attachment: Non-Employee Director Deferred Stock Unit Agreement - (DSU A4)

_____________________________
1A copy of the Plan can be obtained from the Stock Administration website, located on the Company's internal webpage, or you may request a hard copy from the Stock Administration Department.

QUALCOMM Incorporated
2006 Long-Term Incentive Plan
Non-Employee Director Restricted Stock Unit Agreement
For Non-Employee Directors in the United Kingdom
Pursuant to the Grant Notice and this Non-Employee Director Restricted Stock Unit Agreement for Directors in the United Kingdom (the “Agreement”), QUALCOMM Incorporated (the “Company”) has granted you a Restricted Stock Unit Award with respect to the number of shares of the Company's common stock (“Stock”) indicated in the Grant Notice.  Capitalized terms not explicitly defined in this Agreement but defined in the QUALCOMM Incorporated 2006 Long-Term Incentive Plan (the “Plan”) shall have the same definitions as in the Plan.
The details of this Restricted Stock Unit Award are as follows:
1.Service and Vesting.
1.1Service.  As provided in the Plan and notwithstanding any other provision of this Agreement, the Company reserves the right, in its sole discretion, to determine when your Service has terminated.
1.2Vesting.  Except as otherwise provided in the Plan or this Agreement, this Restricted Stock Unit Award will vest on the vesting dates provided in the Grant Notice (the “Vesting Dates”).  Except as otherwise expressly set forth in the Grant Notice, in the event of the termination of your Service for any reason, whether voluntary or involuntary, all unvested Restricted Stock Units shall be immediately forfeited without consideration.  Unless and until the Restricted Stock Units vest on the applicable Vesting Dates, you will have no right to payment of any such Restricted Stock Units.
2.Settlement of the Restricted Stock Units.
2.1Timing of Payment.  The “Settlement Date” of your vested Restricted Stock Units shall be the earliest to occur of the following: (a) the Scheduled Vesting Date specified in the Grant Notice, if any; (b) your separation from Service, to the extent such separation constitutes a “separation from service” pursuant to Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”); (c) your death; (d) your Disability, to the extent such Disability constitutes a “disability” pursuant to Section 409A of the Code; or (e) a Change in Control, to the extent such Change in Control constitutes a “change in ownership or effective control of the corporation” with respect to the Company pursuant to Section 409A of the Code.
2.2Form of Payment.  Your vested Restricted Stock Units shall be paid in whole shares of Stock (in cash as to fractional shares) on, or as soon as practicable following, but in no event later than thirty (30) days after, the Settlement Date, except as otherwise specified below.  To assist you in satisfying federal, state, local, or non-U.S. income tax or National Insurance Contribution obligations arising from your Restricted Stock Unit Award, the Company will allow you to make a one-time irrevocable election no later than (60) days after the Date of Grant specified in the Grant Notice, authorizing the Company to pay cash in lieu of Stock with 

respect to a percentage of the Restricted Stock Units equal to the sum of any applicable U.S. and non-U.S. income tax or National Insurance Contribution withholding rates (such sum referred to herein as the “Tax Percentage”).  The amount of cash paid in lieu of such shares of Stock shall be equal to (i) the number of Restricted Stock Units (rounded up to the nearest whole Restricted Stock Unit) corresponding to the Tax Percentage, multiplied by, (ii) if the Stock is listed on a national or regional securities exchange or market system, the closing price of a share of Stock as quoted on such national or regional securities exchange or market system constituting the primary market for the Stock on the last trading day prior to the Settlement Date, or, if the Stock is not listed on a national or regional securities exchange or market system, the price of a share of Stock as determined by the Committee in good faith without regard to any restriction other than a restriction which, by its terms, will never lapse (the price determined under this clause (ii) being hereinafter referred to for purposes of this Agreement as the “Fair Market Value of the Stock”).  Any election to receive a portion of the Restricted Stock Unit Award paid in cash as specified in this Section 2.2, shall not be effective with respect to any Settlement Date that occurs within six (6) months after the later of (i) the date of the election or (ii) the Date of Grant specified in the Grant Notice.
3.Tax Withholding.  As a Non-Employee Director of the Company, you should report any income you derive from the Restricted Stock Units and pay all applicable income taxes and National Insurance Contributions on such income.  Notwithstanding the foregoing, in the event that a Participating Company has any income tax, National Insurance Contributions, payroll tax or other tax-related withholding (“Tax-Related Items”) obligation with respect to the income you derive from the Restricted Stock Units, you authorize the Participating Company, at its discretion, to withhold all applicable Tax-Related Items legally payable by you by one or a combination of the following methods: (i) withholding from cash compensation payable to you by the Company; (ii) withholding in shares of Stock, with such withholding obligation determined based on any applicable minimum statutory withholding rates; or (iii) arranging for the sale of shares of Stock acquired upon vesting of the Restricted Stock Units (on your behalf and at your direction pursuant to this authorization).  Finally, you agree that to pay on demand to the Participating Company any amount of Tax-Related Items that the Participating Company may be required to withhold as a result of your participation in the Plan or the payment of shares of Stock that cannot be satisfied by the means previously described.
4.Tax Advice.  You acknowledge that you may be subject to federal, state, local, and non-U.S. income tax and National Insurance Contribution obligations arising from your Restricted Stock Unit Award.  You represent, warrant and acknowledge that the Company has made no warranties or representations to you with respect to the income tax or National Insurance Contribution consequences of the transactions contemplated by this Agreement, and you are in no manner relying on the Company or its representatives for an assessment of such tax consequences.  YOU UNDERSTAND THAT THE TAX LAWS AND REGULATIONS ARE SUBJECT TO CHANGE.  YOU SHOULD CONSULT YOUR OWN TAX ADVISOR REGARDING THE TAX AND NATIONAL  INSURANCE CONTRIBUTION TREATMENT OF ANY RESTRICTED STOCK UNITS.  NOTHING STATED HEREIN IS INTENDED OR WRITTEN TO BE USED, AND CANNOT BE USED, FOR THE PURPOSE OF AVOIDING TAXPAYER PENALTIES. 

2

5.Dividend Equivalents.  If the Board declares a cash dividend on the Company's Stock, you will be entitled to Dividend Equivalents on the dividend payment date established by the Company equal to the cash dividends payable on the same number of shares of Stock as the number of Restricted Stock Units subject to this Restricted Stock Unit Award on the dividend record date established by the Company.  Any such Dividend Equivalents will be in the form of additional Restricted Stock Units, will be subject to the same terms and vesting dates as the underlying Restricted Stock Units, and will be paid at the same time and in the same manner as the underlying Restricted Stock Units originally subject to this Restricted Stock Unit Award, except that any fractional shares attributable to Dividend Equivalents will be paid in cash within thirty (30) days following the date of payment of the underlying Restricted Stock Unit based on the Fair Market Value (as specified in Section 2.2, above) on the date of payment of the underlying Restricted Stock Unit.  The number of additional Restricted Stock Units credited as Dividend Equivalents on the dividend payment date will be determined by dividing (1) the product of (a) the number of your Restricted Stock Units as of the corresponding dividend record date (including any Restricted Stock Units previously credited as a result of prior payments of Dividend Equivalents) and (b) the per-share cash dividend paid on the dividend payment date, by (2) the per-share Fair Market Value (as specified in Section 2.2, above) of Stock on the dividend payment date.
6.Securities Law Compliance.  Notwithstanding anything to the contrary contained herein, no shares of Stock will be issued to you upon vesting and settlement of this Restricted Stock Unit Award unless the Stock is then registered under the Securities Act or, if such Stock is not then so registered, the Company has determined that such vesting and issuance would be exempt from the registration requirements of the Securities Act.  By accepting the Restricted Stock Unit Award, you agree not to sell any of the shares of Stock received under this Restricted Stock Unit Award at a time when applicable laws or Company policies prohibit a sale.
7.Transferability.  Prior to the issuance of shares of Stock in settlement of a Restricted Stock Unit Award, the Award shall not be subject in any manner to anticipation, alienation, sale, exchange, transfer, assignment, pledge, encumbrance, or garnishment by your creditors or by your beneficiary, except (i) transfer by will or by the laws of descent and distribution or (ii) transfer by written designation of a beneficiary, in a form acceptable to the Company, with such designation taking effect upon your death.  All rights with respect to the Restricted Stock Unit Award shall be exercisable during your lifetime only by you or your guardian or legal representative.  Prior to actual payment of any Restricted Stock Units, such Restricted Stock Units will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company.
8.Restricted Stock Units Not a Service Contract.  This Restricted Stock Unit Award is not an employment or service contract and nothing in this Agreement, the Grant Notice or the Plan shall be deemed to create in any way whatsoever any obligation on your part to continue in the service of a Participating Company, or of a Participating Company to continue your Service with the Participating Company.  In addition, nothing in your Restricted Stock Unit Award shall obligate the Company, its stockholders, Board, Officers or Employees to continue any relationship which you might have as a Director or Consultant for the Company.

3

9.Restrictive Legend.  Stock issued pursuant to the vesting and settlement of the Restricted Stock Units may be subject to such restrictions upon the sale, pledge or other transfer of the Stock as the Company and the Company's counsel deem necessary under applicable law or pursuant to this Agreement.
10.Representations, Warranties, Covenants, and Acknowledgments. You hereby agree that in the event the Company and the Company's counsel deem it necessary or advisable in the exercise of their discretion, the transfer or issuance of the shares of Stock issued pursuant to the Restricted Stock Units may be conditioned upon you making certain representations, warranties, and acknowledgments relating to compliance with applicable securities laws.
11.Voting and Other Rights.  Subject to the terms of this Agreement, you shall not have any voting rights or any other rights and privileges of a shareholder of the Company unless and until shares of Stock are issued upon payment of the Restricted Stock Units.
12.Code Section 409A.  It is the intent that the payment of Restricted Stock Units as set forth in this Agreement shall comply with the requirements of Section 409A of the Code, and any ambiguities herein will be interpreted to so comply.  The Company reserves the right, to the extent the Company deems necessary or advisable in its sole discretion, to unilaterally amend or modify this Agreement as may be necessary to ensure that all payments provided for under this Agreement are made in a manner that qualifies for exemption from Section 409A of the Code; provided, however, that the Company makes no representation that the payments of Restricted Stock Units provided for under this Agreement will be exempt from Section 409A of the Code and makes no undertaking to preclude Section 409A of the Code from applying to the payments of Restricted Stock Units provided for under this Agreement.
13.Notices.  Any notices provided for in this Agreement, the Grant Notice or the Plan shall be given in writing and shall be deemed effectively given upon receipt or, in the case of notices delivered by the Company to you, five (5) days after deposit in the United States mail, postage prepaid, addressed to you at the last address you provided to the Company.
14.Data Privacy.  You hereby explicitly and unambiguously consent to the collection, use and transfer, in electronic or other form, of your personal data as described in this Agreement by and among, as necessary and applicable, the Participating Companies, for the exclusive purpose of implementing, administering and managing your participation in the Plan.
You understand that the Company may hold certain personal information about you, including, but not limited to, your name, home address and telephone number, date of birth, social security or insurance number or other identification number, salary, nationality, and any shares of stock or directorships held in the Company, and details of the Restricted Stock Units or any other entitlement to shares of Stock, canceled, exercised, vested, unvested or outstanding in your favor, for the purpose of implementing, administering and managing the Plan (“Data”).
Participants residing outside the U.S, should understand the following:  Data will be transferred to E*TRADE Financial (“E*TRADE”), or such other stock plan service provider as may be selected by Company in the future, which is assisting Company with the 

4

implementation, administration and management of the Plan.  You understand that the recipients of the Data may be located in the United States or elsewhere, and that the recipients' country (e.g., the United States) may have different data privacy laws and protections than your country.  You understand that you may request a list with the names and addresses of any potential recipients of the Data by contacting the Stock Administration department.  You authorize the Company, E*TRADE, and any other possible recipients that may assist the Company (presently or in the future) with implementing, administering and managing the Plan to receive, possess, use, retain and transfer the Data, in electronic or other form, for the sole purpose of implementing, administering and managing your participation in the Plan.  You understand that Data will be held only as long as is necessary to implement, administer and manage your participation in the Plan. You understand that you may, at any time, view Data, request additional information about the storage and processing of Data, require any necessary amendments to Data or refuse or withdraw the consents herein, in any case without cost, by contacting in writing the Stock Administration department.  You understand, however, that refusing or withdrawing your consent may affect your ability to participate in the Plan.
For more information on the consequences of your refusal to consent or withdrawal of consent, you understand that you may contact the Stock Administration department at QUALCOMM Incorporated, 5775 Morehouse Drive, San Diego, CA 92121.
15.Nature of Grant.  In accepting the Restricted Stock Unit Award, you acknowledge and agree that:
(a)    the Plan is established voluntarily by the Company, it is discretionary in nature and it may be modified, amended, suspended or terminated by the Company at any time, unless otherwise provided in the Plan, the Agreement or the Grant Notice;
(b)    the award of Restricted Stock Units is voluntary and occasional and does not create any contractual or other right to receive future awards of Restricted Stock Units, or benefits in lieu of Restricted Stock Units, even if Restricted Stock Units or other Awards have been awarded repeatedly in the past;
(c)    all decisions with respect to future Awards, if any, will be at the sole discretion of the Company;
(d)    your participation in the Plan is voluntary;
(e)    the future value of the underlying shares of Stock is unknown and cannot be predicted with certainty;
(f)     no claim or entitlement to compensation or damages shall arise from forfeiture of the Restricted Stock Units resulting from termination of your Service (for any reason whatsoever), and in consideration of the grant of the Restricted Stock Units to which you are otherwise not entitled, you irrevocably agree never to institute any claim against the Company, waive your ability, if any, to bring any such claim, and release the Company from any such claim; if, notwithstanding the foregoing, any such claim is allowed by a court of competent jurisdiction, then, by participating in the Plan, you shall be deemed irrevocably to have agreed 

5

not to pursue such claim and agree to execute any and all documents necessary to request dismissal or withdrawal of such claims;
(g)    the Company is not providing any legal or financial advice, nor is the Company making any recommendations regarding your participation in the Plan or your acquisition or sale of the underlying shares of Stock; and
(h)    you are hereby advised to consult with your own personal legal and financial advisors regarding your participation in the Plan before taking any action related to the Plan.
16.Applicable Law.  This Agreement shall be governed by the laws of the State of California, U.S.A., as if the Agreement were between California residents and as if it were entered into and to be performed entirely within the State of California.
17.Imposition of Other Requirements.  The Company reserves the right to impose other requirements on your participation in the Plan, on the Restricted Stock Units, and on any shares of Stock acquired under the Plan, to the extent the Company determines it is necessary or advisable in order to comply with local law or facilitate the administration of the Plan, and to require you to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing. 
18.Arbitration.  Any dispute or claim concerning any Restricted Stock Units granted (or not granted) pursuant to the Plan and any other disputes or claims relating to or arising out of the Plan shall be fully, finally and exclusively resolved by binding arbitration conducted by the American Arbitration Association pursuant to the commercial arbitration rules in San Diego, California.  By accepting the Restricted Stock Unit Award, you and the Company waive your respective rights to have any such disputes or claims tried by a judge or jury.
19.Amendment.  Your Restricted Stock Unit Award may be amended as provided in the Plan at any time, provided no such amendment may adversely affect the Restricted Stock Unit Award without your consent unless such amendment is necessary to comply with any applicable law or government regulation, or is contemplated in Section 12 hereof.  No amendment or addition to this Agreement shall be effective unless in writing or in such electronic form as may be designated by the Company.
20.Governing Plan Document.  Your Restricted Stock Unit Award is subject to this Agreement, the Grant Notice and all the provisions of the Plan, the provisions of which are hereby made a part of this Agreement, and is further subject to all interpretations, amendments, rules and regulations which may from time to time be promulgated and adopted pursuant to the Plan.  In the event of any conflict between the provisions of this Agreement, the Grant Notice and those of the Plan, the provisions of the Plan shall control.
21.Severability.  If any provision of this Agreement is held to be unenforceable for any reason, it shall be adjusted rather than voided, if possible, in order to achieve the intent of the parties to the extent possible.  In any event, all other provisions of this Agreement shall be deemed valid and enforceable to the full extent possible.

6

22.Description of Electronic Delivery.  The Plan documents, which may include but do not necessarily include: the Plan, the Grant Notice, this Agreement, and any reports of the Company provided generally to the Company's shareholders, may be delivered to you electronically.  In addition, if permitted by the Company, you may deliver electronically the Grant Notice to the Company or to such third party involved in administering the Plan as the Company may designate from time to time.  Such means of electronic delivery may include but do not necessarily include the delivery of a link to a Company intranet or the internet site of a third party involved in administering the Plan, the delivery of the document via electronic mail (“e-mail”) or such other means of electronic delivery specified by the Company.

7

QUALCOMM Incorporated
2006 Long-Term Incentive Plan
Non-Employee Director Restricted Stock Unit Grant Notice

QUALCOMM Incorporated (the “Company”), pursuant to its 2006 Long-Term Incentive Plan (the “Plan”) hereby grants to the Participant named below the number of Restricted Stock Units set forth below, each of which is a bookkeeping entry representing the equivalent in value of one (1) share of the Company's common stock.  The Restricted Stock Unit Award is subject to all of the terms and conditions as set forth herein and the Restricted Stock Unit Agreement for Directors in the United Kingdom (attached hereto) and the Plan which are incorporated herein in their entirety.  Capitalized terms not otherwise defined in this Grant Notice or the Restricted Stock Unit Agreement shall have the meaning set forth in the Plan.

	
		
	Participant: «Name»
	Grant No.: «Number»

	Emp #: «ID»
	Shares Subject to Restricted Stock Unit: «Shares_Granted»

	Date of Grant: «RSU_Date»
	 

Vesting Date

This Restricted Stock Unit Award vests on the earliest to occur of the following events provided your Service is continuous from the Grant Date through the applicable date: (1) April 11, 2011 (the “Scheduled Vesting Date”), (2) your death, (3) your Disability, or (4) a Change in Control.

Settlement Date

The Restricted Stock Units will be settled as provided in the Restricted Stock Unit Agreement.

Additional Terms/Acknowledgments:  The Participant acknowledges (in the form determined by the Company) receipt of, and represents that the Participant has read, understands, accepts and agrees to the terms and conditions of the following:  this Grant Notice, the Restricted Stock Unit Agreement and the Plan (including, but not limited to, the binding arbitration provision in Section 3.7 of the Plan).  Participant hereby accepts the Restricted Stock Unit Award subject to all of its terms and conditions and further acknowledges that as of the Date of Grant, this Grant Notice, the Restricted Stock Unit Agreement and the Plan set forth the entire understanding between Participant and the Company regarding the acquisition of stock in the Company and supersedes all prior oral and written agreements pertaining to this particular Restricted Stock Unit Award.

	
			
	QUALCOMM Incorporated:
	Non-Employee Director:

	 
	 
	 

	By:
	/s/ Dr. Paul E. Jacobs
	                                                                               

	 
	Chairman of the Board and
	Signature

	 
	Chief Executive Officer
	 

	 
	Dated: «RSU_Date»
	Date:                                                                      

	 
	 
	 

	Attachment:     Director Deferred Stock Unit Agreement - (RSU-A-3)GTE - 2012.9.30 - EX 10.1

Vice-Presidency for Supply and Marketing
Addendum No. 2 Contract VSM-GPS-030-2011

Exhibit 10.1
ADDENDUM No. 2

CONTRACT:    VSM-GPS-030-2011
		
	PURPOSE:
	SALE & PURCHASE OF CHAZA, SANTANA AND GUAYUYACO CRUDE

SELLER:        GRAN TIERRA ENERGY COLOMBIA LTD
VALUE:        UNDETERMINED
The contracting parties, namely: ECOPETROL S.A., a decentralized entity of national order, created by Law 165 of 1948, with NIT 899.999.068-1, organized as a Mixed Company pursuant to the provisions of Article 2 of Law 1118 of 2006, attached to the Ministry of Mines and Energy, with its head office in Bogotá, D.C., whose Bylaws are contained entirely in Public Deed No. 5314 of December 14, 2007, granted by the Second Notary Public of the Circuit of Bogotá D.C. and registered with the Chamber of Commerce of Bogotá D.C., hereinafter and for the effects of this Addendum referred to as the “BUYER”, represented herein by JUAN PABLO OSPINA., of legal age and domiciled in this city, bearer of Citizen Identity Card Number 98.542.872 issued in Envigado, who in his capacity of Vice President of Supply and Marketing (acting) and in exercise of the authorization contained in the Manual of Authorizations to Contract, acts on behalf of and in representation of this Company, and on the other, GRAN TIERRA ENERGY COLOMBIA LTD., with NIT 860.516.431-7, hereinafter the “SELLER” and represented herein by ALEJANDRA ESCOBAR HERRERA, bearer of ID No. 52.646.943, and IVAN TOBON GARCIA, bearer of ID No. 79.731.294, acting in their capacity of Joint Legal Representatives and duly authorized to enter into this Contract, as evidenced by Certificate of Incorporation and Legal Representation attached hereto and who states that neither he nor the Company he represents is affected by any cause of disqualification or incompatibility provided in the Political Constitution or in the Law that could prevent the execution of this Addendum.
Pursuant to the aforementioned conditions, BUYER and SELLER, who shall be referred to jointly as the Parties and individually as a Party, agree to enter into this Addendum, subject to the following:
CONSIDERATIONS AND REPRESENTATIONS
		
	1.
	That on June 27, 2011, ECOPETROL S.A. and GRAN TIERRA ENERGY COLOMBIA LTD entered into Contract VSM-GPS-030-2011 whose purpose is the purchase of crude produced under the Santana Risk-Sharing Contract (CPR-Santana), under the Guayuyuco Association Agreement, and in Bloque Chaza, hereinafter the “Contract”. 

		
	2.
	That on January 30, 2012, ECOPETROL S.A. and GRAN TIERRA ENERGY COLOMBIA LTD entered into Addendum No. 1 of Contract VSM-GPS-030-2011, whose purpose is the change of the Delivery Points.

Cra. 7a No. 37-69 Piso 5, Bogotá, D.C. Colombia. Telephone:
(571) 2344606

Vice-Presidency for Supply and Marketing
Addendum No. 2 Contract VSM-GPS-030-2011

		
	3.
	That bearing in mind that the parties wish to continue the sale and purchase of the crude produced under the Santana Risk-Sharing Contract (CPR-Santana), under the Guayuyuco Association Agreement, and in Bloque Chaza for the next four (4) months, it is necessary to sign this Addendum No. 2, hereinafter the “Addendum”.

		
	4.
	That only for documentary, evidentiary and invoicing effects it is deemed pertinent to modify the pricing and invoicing formulae of Contract VSM-GPS-030-2011, for which reason they are included in this Addendum No. 2. 

		
	5.
	That the Administrator and Manager of Contract VSM-GPS-030-2011 have evaluated in coordination the need to modify and clarify the original Contract and its Addendum No. 1 by entering into this Addendum. Moreover, in compliance with the Contractor Management Procedure (ECP-DAB-P-032), the latest partial performance assessment of SELLER was duly presented.

		
	6.
	That for the effects of entering into this Addendum BUYER previously verified in the Fiscal Liabilities Bulletin prepared and published by the Comptroller-General of the Republic that SELLER does not appear in such Bulletin as one of the persons against whom a definitive ruling on fiscal liability has been issued and who have failed to satisfy the obligation contained therein. Moreover, BUYER implemented the control mechanisms related to the laundering of assets and developed the instruments for the adequate application of such mechanisms, pursuant to the Policy of Prevention of Laundering of Assets and of the Financing of Terrorism.

		
	7.
	That pursuant to the provisions of the Manual of Authorizations to Contract of ECOPETROL S.A., the Vice-President for Supply and Marketing is the person competent to enter into this Addendum.

		
	8.
	That in its expense budget BUYER has the respective budgetary availability for the execution of the Addendum referred to herein.

		
	9.
	That pursuant to the provisions of the Contracting Manual of BUYER and after analyzing the nature and manner of execution of the services rendered by the Parties under this Addendum, the Authorized Official has qualified the risk as low and therefore dispensed with requiring a guarantee by SELLER.

		
	10.
	That in attention to the contractual scheduling performed, the area of Tax Management of ECOPETROL S.A. was consulted in order to avoid any tax risk that might arise for the Company as a result of entering into and executing this Addendum.

Cra. 7a No. 37-69 Piso 5, Bogotá, D.C. Colombia. Telephone:
(571) 2344606

Vice-Presidency for Supply and Marketing
Addendum No. 2 Contract VSM-GPS-030-2011

		
	11.
	That in compliance with the Policy of Prevention of Laundering of Assets and of the Financing of Terrorism adopted by BUYER, the Legal Representative of SELLER declares, under oath and subject to the sanctions established in the Penal Code:

		
	I.
	That my resources (or the resources of the entity I represent) come from legal activities and are associated with the normal development of my activities (or the activities that are typical of the social purpose of the company I represent) and that, on the other hand, such resources do not come from any illegal activity among those contemplated in the Colombian Penal Code or in any regulation that may substitute, be added to or modify such Code.

		
	II.
	That I (or the entity I represent) have (has) not executed transactions or operations intended for any illegal activity that is contemplated in the Colombian Penal Code or in any regulation that may substitute, be added to or modify such Code, or in favor of persons involved in such activities.

		
	III.
	That the resources committed to Contract VSM-GPS-030-2011 or to the legal relationship with BUYER do not come from any illegal activity that is contemplated in the Colombian Penal Code or in any regulation that may substitute, be added to or modify such Code.

		
	IV.
	That in the execution of Contract VSM-GPS-030-2011 or the legal relationship with BUYER I will not contract nor will I have any contact with third parties who conduct operations or whose resources come from any illegal activity that is contemplated in the Colombian Penal Code or in any regulation that may substitute, be added to or modify such Code.

		
	V.
	That the entity I represent observes the regulations on prevention and control of the laundering of assets and financing of terrorism (LA/FT) that may be applicable to it (as the case may be), having implemented the LA/FT policies, procedures and prevention and control mechanisms that derive from such legal provisions. Certification model is attached in Exhibit 1.

		
	VI.
	That neither I nor the entity I represent, nor its shareholders, associates or partners who directly or indirectly hold FIVE PERCENT (5%) or more of the capital stock, contribution or participation, their legal representatives and members of the Board of Directors, figure on the international lists that are binding on Colombia according to international law (the United Nations lists) or on the OFAC lists, BUYER being empowered to conduct the investigations it deems appropriate and to terminate any commercial or legal relationship if it determines that any of such persons figures on the above-mentioned lists. Certification model is attached in Exhibit 2.

		
	VII.
	That no investigations or criminal procedures FOR INTENTIONAL CRIMES are under way against myself or the entity I represent, or its shareholders, associates or partners who directly or indirectly hold FIVE PERCENT (5%) or more of the capital stock, contribution or participation, their legal representatives and members of the Board of Directors, BUYER being empowered to conduct the verifications it deems appropriate 

Cra. 7a No. 37-69 Piso 5, Bogotá, D.C. Colombia. Telephone:
(571) 2344606

Vice-Presidency for Supply and Marketing
Addendum No. 2 Contract VSM-GPS-030-2011

in public national or international databases or information and to terminate any commercial or legal relationship if it determines that there are ongoing investigations or procedures or there is information on such public databases that may place BUYER in a position of legal or reputational risk.
		
	VIII.
	That in the event that any of the situations described in the above two paragraphs occurs, I undertake to communicate same immediately to BUYER.

		
	IX.
	That by signing this document it is understood that both I and the natural or legal person I represent grant our informed consent, and we therefore authorize BUYER to communicate to the national authorities or those of any of the countries with which BUYER conducts operations, regarding any of the situations described in this document, as well as to provide the competent authorities of such countries with all the personal, public, private or semi-private information on me or on the natural or legal person I represent, that they may require. Furthermore, that BUYER submit any reports to the competent authorities that it deems appropriate pursuant to its regulations and manuals in relation to the system of prevention and/or administration of the risk of laundering of assets and financing of terrorism, releasing it from any liability in such regard.

		
	X.
	That all the documentation and information provided for the entering into and execution of the contract or legal business with BUYER is true and exact, BUYER being empowered to conduct the verifications it deems appropriate and to terminate the contract or the legal business if it determines or becomes aware that the above is not so.

		
	XI.
	That no other natural or legal person has an illegitimate interest in the Contract or legal business that is the reason for the signing of this declaration.

		
	XII.
	That I know, declare and accept that BUYER is under the legal obligation to request the clarifications that it considers appropriate in the event that circumstances arise based upon which BUYER may have reasonable doubts regarding my operations or the operations of the natural or legal person I represent, or the origin of our assets, in which case we undertake to provide the respective clarifications. If these are not satisfactory, in the opinion of BUYER, we authorize it to terminate any commercial or legal relationship.

Based on the above, the Parties

HEREBY AGREE

FIRST CLAUSE. Modify the SECOND CLAUSE. PRICE of Contract VSM-GPS-030-2011, which will now read as follows:

“SECOND CLAUSE. PRICE: The price to be paid for the crude that is the subject of this Contract, delivered at the Delivery Point(s) indicated in the Sixth Clause of the Addendum 

Cra. 7a No. 37-69 Piso 5, Bogotá, D.C. Colombia. Telephone:
(571) 2344606

Vice-Presidency for Supply and Marketing
Addendum No. 2 Contract VSM-GPS-030-2011

No. 1, shall be established as indicated below for the different components that form part of the following formula(s):
		
	A.
	For crude exported as South Blend through the port at Tumaco and received in the Tumaco Plant:

Crude Price =         Marker – Port Operation Fee – Commercialization Fee
Each of the above elements is defined below:
Marker: Corresponds to the average export price for South Blend Crude in USD/bbl achieved by the International Trade Management of Ecopetrol S.A. (including crudes negotiated for the affiliates) in the month of deliveries through the Port at Tumaco. This price shall be reported by BUYER. The reference quality for South Blend is 29.3° API and 0.62% Sulfur (S). If no exports are made for the delivery month, the Parties shall apply as a provisional and definitive price the price defined in the First Paragraph of the Second Clause of this Document. 
Port Operation Fee: Corresponds to a value of zero point seven zero one six United States Dollars (US$ 0.7016) per barrel.
Commercialization Fee: Corresponds to a value of one United States Dollar and fifty cents (US$ 1.50) per barrel 
		
	B.
	For crude exported as Oriente Crude through Ecuador received at the Orito Station:

		
	Crude Price = 
	Marker – Transportation (Delivery Site/Port of Shipment) – Transportation Tax – Commercialization Fee

Each of the above elements is defined below:
Marker: Corresponds to the real weighted average price of the exports made by BUYER of Oriente Crude in the month of deliveries or in those that include the crude dispatched by BUYER, through the Port of Balao associated with the deliveries. If no exports are made for the delivery month through the Port of Balao, the Parties shall apply the next export price which includes crude owned by BUYER.
Transportation (Delivery Site/Port of Shipment): Determined as the sum of the following fees:
	
			
	Section
	Resolution of the MME
	100% Base Rate
MME US$/BBL

	Orito – San Miguel (OSO)
	124572
	2.3472

	La Ye – Orito (OMO)
	124560
	0.5387

	Total Transport
	 
	2.8859

		
	•
	Additionally, the fee charged by PETROECUADOR for the transportation of crude between San Miguel and the Port of Balao.

Transportation Tax: Determined as set forth in Article 52 of the Petroleum Code of Colombia for the national transport systems indicated in the above subsection. For the Ecuadorian section the respective tax, if applicable, shall be taken into account from the delivery site to the port of shipment.

Cra. 7a No. 37-69 Piso 5, Bogotá, D.C. Colombia. Telephone:
(571) 2344606

Vice-Presidency for Supply and Marketing
Addendum No. 2 Contract VSM-GPS-030-2011

	
				
	Transportation System
	100% Base Rate
MME US$/BBL
	Transport Tax %
	Transport Tax US$/BBL

	Orito – San Miguel (OSO)
	2.3472
	2%
	0.0469

	La Ye – Orito (OMO)
	0.5387
	2%
	0.0108

	Total Transport Tax
	2.8859
	2%
	0.0577

Commercialization Fee: Corresponds to a value of one United States Dollar and fifty cents (US$ 1.5) per barrel 

		
	C.
	For crude delivered to the Estación Dina to be exported through the port at Coveñas or for refining:

		
	Crude Price = 
	Marker – Transportation (Delivery Site/Port of Shipment) – Transportation Tax – Commercialization Fee – Port Operation Fee – Unloading Fee

Each of the above elements is defined below:
Marker: Corresponds to the average export price of the Grupo Empresarial of the Vasconia export blend crude through the Port of Coveñas negotiated for the month of deliveries of crude. This price shall be reported by BUYER. The reference quality for Vasconia export blend crude is 24.8° API and 0.97% Sulfur (S). In the event that Grupo Empresarial Ecopetrol fails to export during the month of the deliveries, the marker shall correspond to the export average of Vasconia Crude reported by Argus and Platts for the month of the deliveries. This value shall be reported monthly by BUYER.
Transportation (Delivery Site/Port of Shipment): Determined as the sum of the fees established by the Ministry of Mines and Energy for the pipelines between Tenay and Coveñas. The pipeline transport fees will be adjusted yearly for the “Phi” factor in accordance with what is established by the Ministry of Mines and Energy. The fees to be applied for the year 2012 are:
	
			
	Section
	Approval Resolution
	100% Base Rate
MME US$/BBL

	Tenay – Vasconia
	OAM
	2.6035

	Vasconia – Coveñas ODC
	ODC
	1.7053

	Total Transport
	 
	4.3088

Transportation Tax: Determined as set forth in Article 52 of the Petroleum Code of Colombia (or the regulation that modifies same) for the national transport systems indicated in the above subsection, as detailed below:

Cra. 7a No. 37-69 Piso 5, Bogotá, D.C. Colombia. Telephone:
(571) 2344606

Vice-Presidency for Supply and Marketing
Addendum No. 2 Contract VSM-GPS-030-2011

	
				
	Section
	MME Fee
US$/bbl.
	% Transport tax
	Transport Tax US$/bbl.

	Tenay – Vasconia
	2.6035
	2%
	0.0521

	Vasconia – Coveñas ODC
	1.7053
	2%
	0.0341

	Total Tax
	4.3088
	 
	0.0862

Commercialization Fee: Corresponds to a value of one United States Dollars and fifty cents (US$ 1.5) per barrel
Port Operation Fee: Corresponds to a value of zero point six one one zero United States Dollars (US$ 0.6110) per barrel.
Unloading Fee: Corresponds to the value charged by the Vice-presidency of Production or the corresponding area for the unloading and handling service at Estación Dina. While this value is not available a value of zero US Dollars shall be applied per barrel (US$ 0.00/BBL).
PARAGRAPH ONE: The price determined using the above-mentioned formula comprises the different costs of transport, handling, metering and transport taxes for account of SELLER caused up until the delivery of the crude subject to this Contract at the Delivery Point(s); therefore BUYER shall not deduct or recognize any additional amount for the above concepts.
PARAGRAPH TWO: When the Parties agree on Delivery Point(s) other than those established in the Sixth Clause of this Contract, the price formula established in this Clause shall be modified in the transportation item, taking into account the crude transport fees and taxes per pipeline in force between the Delivery Point(s) and the exportation point that may apply. The marker will also be modified when applicable, by prior agreement between the Parties.
PARAGRAPH THREE: The reception and fiscal control costs in the case of the stations agreed upon between the Parties and which are not operated by ECOPETROL S.A. shall be directly recognized by SELLER to the respective operating company. BUYER will recognize no additional charge for such concepts.
PARAGRAPH FOUR: RENEGOTIATION OF PRICES. The Parties may request a review of the price established in this Clause provided the following events arise:
		
	a)
	A change of more or less two (2) degrees API in the quality of the crude oil produced in the contracted field/area/block/contract.

		
	b)
	A change of more or less two (2) degrees API in the quality of the Marker Crude during three (3) consecutive months. In such event the request for review shall be submitted during the month following the period of three (3) consecutive months.

		
	c)
	In the event that the Marker Crude disappears or it becomes necessary to define a new Marker.

The Parties shall have a term of thirty (30) business days to negotiate. If they reach an agreement, this shall be evidenced in an addendum signed by BUYER and SELLER and its content shall apply as of the day following the date on which such addendum is signed.

Cra. 7a No. 37-69 Piso 5, Bogotá, D.C. Colombia. Telephone:
(571) 2344606

Vice-Presidency for Supply and Marketing
Addendum No. 2 Contract VSM-GPS-030-2011

If, upon expiry of the thirty (30) business day period, an agreement has not been reached, BUYER or SELLER may inform the other its intention to terminate the Contract pursuant to its Twenty-Second Clause of this Contract.
The termination shall not release the Parties from performance of any obligations that may have already been caused.
PARAGRAPH FIVE: QUALITY SPECIFICATIONS. The quality of the crude received shall be certified by BUYER at the Delivery Point indicated in the Fifth Clause and shall meet the following quality specifications:
	
					
	Field/Contract
	Minimum API°
	Maximum SULFUR (% weight)
	Maximum BS&W (% volume)
	Maximum SALT (lb./1000 bbl.)

	Santana and Guayuyaco
	29.0°
	0.7
	0.5
	20.0

	Chaza
	29.0°
	0.41
	0.5
	20.0

		
	1.
	 The density of the crudes shall be determined using the ASTM-D-1298 laboratory method (Method for determining density, specific density (Specific Gravity) or API Gravity of the crude and liquid petroleum products by the Hydrometer method).

		
	2.
	 The water and sediment content, BS&W shall be determined using the following methods:

Water in suspension ASTM-D4377 “Standard Test Method for Water in Crude Oils by Potentiometric Karl Fischer Titration” and Sediments ASTM-D473 “Standard Test Method for Sediment in Crude Oils and Fuel Oils by the Extraction Method”, for the content of water and sediment in the crude maximum individual values will be accepted of: 0.5% volume for water and 0.01% volume for sediments.
		
	3.
	 The sulfur content shall be determined using the ASTM-D4294 ”Standard Test Method for Sulfur in Petroleum and Petroleum Products by Energy Dispersive X-ray Fluorescence Spectrometry”.

		
	4.
	 The salt content shall be determined using the ASTM-D3230 method “Standard Test Method for Salts in Crude Oil (Electrometric Method)” 

When the BS&W and Salt specifications of the crudes received at Estación Dina and at Estación Orito for crude exported as Oriente Crude through Ecuador indicated herein are not within the allowed margin, BUYER reserves the right to receive the crude and purchase it at a BS&W and Salt adjusted price. In such cases the crude price shall be adjusted according to the following tables:

Cra. 7a No. 37-69 Piso 5, Bogotá, D.C. Colombia. Telephone:
(571) 2344606

Vice-Presidency for Supply and Marketing
Addendum No. 2 Contract VSM-GPS-030-2011

	
			
	BS&W Content
% Volume
	Correction
(US$/bbl.)
	Charged to

	0.51 to 0.80
	0.1
	SELLER

	0.81 to 1.00
	0.2
	SELLER

	1.01 to 1.20
	0.3
	SELLER

	1.21 to 1.50
	0.4
	SELLER

	> 1.51
	Will not be received
	 

	Salt Content
Pounds per one hundred thousand barrels
	Correction
(US$/bbl.)
	Charged to

	20.1 to 30.0
	 
	SELLER

	30.1 to 40.0
	 
	SELLER

	40.1 to 60.0
	 
	SELLER

	60.1 to 80.0
	 
	SELLER

	80.1 to 100.0
	 
	SELLER

	> 100.0
	Will not be received
	 

It shall be understood that SELLER shall make every effort possible to deliver the crudes subject to this Contract with the BS&W and Salt contents within the agreed parameters. Such corrections shall be applied to daily deliveries and for each batch delivered.
In the event that the deliveries of crude exceed the maximum values in the table (1.51% BS&W and 100 pounds of salt per one hundred thousand barrels) and if BUYER decides to opt to receive the crude, the Parties shall agree on the corresponding correction value and this shall be evidenced in an addendum signed by the Parties. In the event that an agreement is not reached, BUYER may reject the crude.

PARAGRAPH SIX: Reimbursable expenses: Reimbursable expenses shall not be more than forty million pesos (COP $ 40,000,000) without VAT per year and shall be previously authorized and approved by BUYER. For this concept solely and exclusively the cost of the independent inspector mentioned in the Second Paragraph of the Second Paragraph of the Fifth Clause of Contract VSM-GPS-030-2011 will be recognized. 

The amount of the reimbursable expenses shall not form part of the value of Contract VSM-GPS-030-2011. The management of the reimbursable expenses shall be performed pursuant to the procedure that BUYER has in force for such type of expenditure (Exhibit 3).”

SECOND CLAUSE: Modify the THIRD CLAUSE. INVOICING AND PAYMENT of Contract VSM-GPS-030-2011, which shall now read:

Cra. 7a No. 37-69 Piso 5, Bogotá, D.C. Colombia. Telephone:
(571) 2344606

Vice-Presidency for Supply and Marketing
Addendum No. 2 Contract VSM-GPS-030-2011

“THIRD CLAUSE. INVOICING AND PAYMENT: SELLER shall invoice and collect from BUYER the value of the crude sold pursuant to the terms of this document, in the Bogota Accounts Payable office, within the first ten (10) working days of the month following the month of the delivery(-ies) of crude to BUYER. Within the first six (6) working days of the month following the deliveries, BUYER shall provide SELLER with the information that latter requires to prepare the corresponding invoicing. The invoices shall be submitted to the Accounts Payable office of BUYER in Bogotá and their valid presentation date for payment effects shall be that which is indicated as their date of reception in the Accounts Payable office of the BUYER in Bogotá. Invoicing shall be made based on the net volumes, free of water and sediment, corrected to sixty (60) degrees Fahrenheit received at the Delivery Point(s). The presentation of official forms Table N° 4 and/or Form N° 9SH of the Ministry of Mines and Energy shall be required for approval of invoices. In the event that the Ministry of Mines and Energy has failed to deliver Tables N° 4 and/or Form N° 9SH corresponding to the month being invoiced, Tables N° 4 and/or Form N° 9SH submitted to the Ministry of Mines and Energy that are pending signing shall be temporarily accepted, but every quarter SELLER shall send BUYER copies of Tables N° 4 and/or Form N° 9SH for the immediately preceding quarter duly processed and signed by the Ministry of Mines and Energy. 

Bearing in mind the authorization of payments in foreign currency contained in Article 51 of External Resolution Number 8 of 2000 of the Board of Directors of the Banco de la República, which provides that the sale-purchases of nationally-produced crude oil and natural gas executed by BUYER and other entities dedicated to the industrial activity of petroleum refining may be paid in foreign currency, the invoicing that SELLER issues for the supply of crude to BUYER may be made in United States Dollars.

In all cases, payment shall be made 100% in Dollars at thirty (30) calendar days following the submission of the invoices duly processed, prior legal withholdings, if applicable. SELLER shall previously inform BUYER in writing the bank account where the respective payment is to be deposited.

FIRST PARAGRAPH: Deliveries to Port of Tumaco: Deliveries of crude shall be provisionally invoiced, based on the volumes and prices reported by the Crude Purchasing Coordination of Ecopetrol S.A. during the first six (6) business days following the end of the month of the deliveries; the final invoicing shall be made based on the volumes compensated in the official volumetric compensation document prepared by the Vice-presidency of Transport and Logistics of Ecopetrol or whoever takes its place.

Once the volumetric compensation is received, SELLER is responsible for invoicing and submitting to the Accounts Payable office of BUYER the respective adjustments, within the 

Cra. 7a No. 37-69 Piso 5, Bogotá, D.C. Colombia. Telephone:
(571) 2344606

Vice-Presidency for Supply and Marketing
Addendum No. 2 Contract VSM-GPS-030-2011

following three (3) business days after receipt of the volumetric compensation, taking into account the date of receipt at the  Accounts Payable office of Ecopetrol.

For the months when there are no exports of South Blend crude through the Port of Tumaco, the provisional price shall correspond to the weighted average by volume reported in the trade balance corresponding to the last month in which there has been exports of South Blend crude or the blend exported through the Port of Tumaco.

For the final invoicing, the final volumes volumetrically compensated by the Vice-presidency of Transport and Logistics (VIT) or whoever takes it place shall be invoiced at the weighted average export price per volume of South Blend or the blend exported through the Port of Tumaco for the month of deliveries or in the event no exports were made in the month of deliveries for the following month in which exports are made.

Pursuant to the conditions established in this Contract, no payments shall be made for volumes not received at the Tumaco plant.

SECOND PARAGRAPH. For deliveries to the Estación Orito for export through Ecuador: In the event that at the date of invoicing of the crude for export through the Port of Balao, there is no information on final export price, exported volumes or fees charged by Petroecuador, invoicing shall be done provisionally with the volume of crude dispatched from Estación Orito prorated according to the volumes delivered by each operator. The price used shall correspond to the arithmetical average of the daily quotes for Oriente crude reported by Platts for the days on which crude was pumped towards Lago Agrio. 

THIRD PARAGRAPH. BUYER shall have a period of ten (10) business days, counted as of receipt of the crude sales invoices, to review or challenge them. If there are objections to the invoices, the reception date shall be that of the submission of the new invoice. BUYER shall inform SELLER, within the term provided, regarding any invoice that is objected in order that it be adjusted and corrected, clearly specifying the items that are to be adjusted and corrected and the corresponding reasons. SELLER shall respond to the objection within the ten (10) business days following its receipt, counted as of the moment that BUYER submits to SELLER all the documents that gave rise to the objection, unless the Parties decide by mutual agreement to extend such term due to the complexity of the objection or any other reasonable circumstance that so merits.

In the event that SELLER fails to respond to the objection within the specified term, the objection shall be deemed accepted by SELLER. If SELLER resolves the objection in favor of BUYER it will be understood that there was no payment obligation over the invoice originally submitted and which was subject to objection. If SELLER resolves the objection 

Cra. 7a No. 37-69 Piso 5, Bogotá, D.C. Colombia. Telephone:
(571) 2344606

Vice-Presidency for Supply and Marketing
Addendum No. 2 Contract VSM-GPS-030-2011

in its favor, BUYER shall take the necessary steps to resolve the dispute as quickly as possible, based on the provisions of this Contract, for the purpose of making the payment of the sum left unpaid. To resolve any discrepancy, each of the Parties shall send the other Party copies of the documents that gave rise to the invoice and to the challenge. In the event that BUYER disagrees with the decision of SELLER, the provisions of the Seventeenth Clause of this document may be applied.

FOURTH PARAGRAPH: In the event of unjustified delay in the payment of invoices not timely challenged by BUYER pursuant to the provisions in the Third Paragraph of this Clause, BUYER shall accept to pay SELLER, as interest payable in Pesos, the maximum interest on arrears authorized by the Financial Superintendent of Colombia over the days of arrears effectively elapsed.

In order to assess the late-payment interest, the amount of the invoice(s) in US Dollars that is(are) in arrears shall first be converted into Colombian Pesos at the representative market exchange rate of the date of issue, as certified by the Financial Superintendent of Colombia.

The invoices for collection of interest shall be paid by BUYER thirty (30) calendar days following their receipt by BUYER.

Both BUYER and SELLER acknowledge that the invoices issued, as well as this Contract shall have right of execution and BUYER and SELLER expressly waive private or judicial requirements for constitution of arrears.

FIFTH PARAGRAPH: In the event that SELLER is interested in factoring the invoices issued in relation to this Addendum, it shall first offer such option to BUYER.

THIRD CLAUSE: Modify the FOURTH CLAUSE. TERMS of Contract VSM-GPS-030-2011, which shall now read: 

“FOURTH CLAUSE. TERMS OF THE CONTRACT: The term of the Addendum shall commence upon its signing date and shall include the term of execution and that of liquidation.

The term of execution of the Contract shall be computed as of the signing of this document and shall terminate on the thirtieth (30th) of November, two thousand and twelve (2012).

Within a period of four (4) months counted as of the date of termination of the execution term of the Addendum, the Parties shall sign the respective liquidation minutes.

Cra. 7a No. 37-69 Piso 5, Bogotá, D.C. Colombia. Telephone:
(571) 2344606

Vice-Presidency for Supply and Marketing
Addendum No. 2 Contract VSM-GPS-030-2011

In the event that SELLER fails to appear at the liquidation or has not agreed to its content within the above-mentioned term, SELLER expressly authorizes BUYER to proceed to unilaterally liquidate within a period of two (2) months.” 

FOURTH CLAUSE: This Addendum does not constitute novation of Modify of Contract VSM-GPS-030-2011 and its Addendum 1, whose clauses, the content of which has not been expressly clarified and specified in this document, shall remain in force. 

FIFTH CLAUSE: TAXES: All the taxes that are caused by reason of the signing, development, execution and liquidation of this Addendum, except for those that correspond strictly to BUYER, are for the exclusive account of SELLER. BUYER shall make the tax withholdings established by Law over the accounts of SELLER.

SIXTH CLAUSE: The Parties agree to attribute the scope of transaction to the agreements contained in this document, pursuant to the provisions established in the regulations currently in force, thus maintaining the contractual, economic and financial balance of Contract VSM-GPS-030-2011. 

SEVENTH CLAUSE: This Addendum is formalized by its signing by the Parties.

In evidence, two counterparts of the same tenor are signed in Bogotá D.C. on the thirty-first (31st) day of July, two thousand and twelve (2012)

	
		
	THE SELLER
	THE BUYER

	

/s/ Alejandra Escobar H.
ALEJANDRA ESCOBAR H.
Legal Representative

/s/ Ivan Tobon G.
IVAN TOBON G.
Legal Representative
	

/s/ Juan Pablo Ospina
JUAN PABLO OSPINA
Vice-President for Supply and Marketing 

EXHIBIT 1. Model certification of application of the LA/FT regulations for companies obliged to adopt the LA/FT prevention systems.
EXHIBIT 2. Certificate of shareholdings of associates, shareholders and partners with a participation of more than five percent (5%) in the capital stock.

Cra. 7a No. 37-69 Piso 5, Bogotá, D.C. Colombia. Telephone:
(571) 2344606

Vice-Presidency for Supply and Marketing
Addendum No. 2 Contract VSM-GPS-030-2011

EXHIBIT No. 1

MODEL CERTIFICATION OF APPLICATION OF THE LA/FT REGULATIONS FOR COMPANIES OBLIGED TO ADOPT THE LA/FT PREVENTION SYSTEMS

ONLY OBLIGATORY FOR COUNTERPARTIES WHO BY REASON OF LEGAL REGULATIONS ARE OBLIGED TO ADOPT LA/FT PREVENTION SYSTEMS

The purpose of this document is to certify before ECOPETROL S.A. that our entity has a SYSTEM FOR THE PREVENTION AND CONTROL OF LAUNDERING OF ASSETS AND FINDING OF TERRORISM, which fully complies with applicable Colombian regulations.

I, the undersigned, ___________, in my capacity of legal representative of Gran Tierra Energy Colombia Ltd. (THE ENTITY) hereby CERTIFY that:

		
	1.
	THE ENTITY complies with the Colombian rules and regulations related to the prevention and control of laundering of assets and financing of terrorism that are applicable to it.

Yes  __                                No ___                                
		
	2.
	THE ENTITY has in place the appropriate policies, manuals and procedures for the prevention and control of laundering of assets and financing of terrorism that are in full compliance  with the regulations in force that are applicable to it.

Yes  __                                No ___                                
		
	3.
	Has THE ENTITY been involved in investigations for violation of the laws related to the Laundering of Assets and Financing of Terrorism?

Yes  ___                                No __                                
		
	4.
	Has THE ENTITY or any of its employees or directors been sanctioned for violation of the laws related to the Laundering of Assets and Financing of Terrorism?

Yes  ___                                No __                                
Please fill out the following details of the complying officer or employee:
Name:_____  __________________________________________________
Telephone:______________________________
Email:__________________________________
Address:_________________________________________________________________________
                         
We declare that we authorize ECOPETROL S.A., either directly or through the persons it appoints, to verify and confirm the information provided herein including the effective application of the SYSTEM FOR THE PREVENTION AND CONTROL OF LAUNDERING OF ASSETS AND FINDING OF TERRORISM within our entity.

Comments:____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

Cra. 7a No. 37-69 Piso 5, Bogotá, D.C. Colombia. Telephone:
(571) 2344606

Vice-Presidency for Supply and Marketing
Addendum No. 2 Contract VSM-GPS-030-2011

EXHIBIT No. 2

CERTIFICATE OF SHAREHOLDINGS OF ASSOCIATES, SHAREHOLDERS AND PARTNERS WITH A PARTICIPATION OF MORE THAN FIVE PERCENT (5%) IN THE CAPITAL STOCK

THIS CERTIFICATION IS ONLY REQUIRED IN THE CASE OF LEGAL ENTITIES WHICH, BY THEIR NATURE, THEIR SHAREHOLDERS OR ASSOCIATES DO NOT FIGURE IN THE CERTIFICATE OF THE CHAMBER OF COMMERCE

I hereby certify that the associates, shareholders or partners who have more than a FIVE PERCENT (5%) participation in the capital stock of the entity that I represent are the individuals or legal entities that appear in the list below:

	
				
	NAME OF SHAREHOLDER, PARTNER OR ASSOCIATE
	IDENTIFICATION
	NUMBER OF SHARES, QUOTAS OR OUTSTANDING INTEREST
	PARTICIPATION IN THE CAPITAL STOCK (%)

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	 
	 

	 
	 
	 
	 

I hereby certify that the real and controlling beneficiaries of the entity that I represent are the following individuals:

	
		
	Name
	Identification

	 
	 

	 
	 

	 
	 

Name of the entity:_________________________________________________________________________
NIT:____________________________________________________________________________________
Name of the legal representative:____________________________________________________________
Identification Number______________________________________________________________________
Signature of the legal representative

__________________________________________________________________________________

Cra. 7a No. 37-69 Piso 5, Bogotá, D.C. Colombia. Telephone:
(571) 2344606

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