Document:

PROMISSORY NOTE

$100,000                                                        December 1, 1998

     FOR VALUE RECEIVED, Perry's Majestic Beer, Inc., a Delaware corporation
having an address at 38 West 32nd Street, Suite 801, New York, New York 10001
(the "Maker"), promises to pay to the order of X-Treem Products Corporation, a
Delaware corporation having an address of 100 Plaza Drive, Second Floor,
Secaucus, New Jersey 07094 (the "Holder"), in lawful money of the United States
of America, the principal sum of ONE HUNDRED THOUSAND DOLLARS ($100,000)
together with simple interest thereon at the rate of ten percent (10%) per
annum, to be applied first against accrued interest at the aforesaid rate on the
outstanding principal balance due and then in reduction of principal, with such
principal and interest to be payable in full on December 31, 1999, unless the
maturity date is extended by the written agreement of the Maker and the Holder.

     This Note may be prepaid at any time and from time to time, in whole or in
part, without premium or penalty.

     The Maker shall pay any collection expenses, court costs and reasonable
attorney's fees and costs that may be sustained by the Holder in the collection
or enforcement of this Note or any part hereof.

     The Maker, to the extent permitted by law, hereby waives presentation,
demand, protest and notices of dishonor and protest.

     The rights and remedies of the Holder with respect to this Note (whether
arising at law or in equity) are cumulative, and may be pursued separately or
conjunctively in the sole discretion of the Holder. The Holder shall not, by act
or omission, be deemed to have waived any such rights or remedies unless, and
then only to the extent that, such waiver is set forth in a written instrument
signed by the Holder and delivered to the Maker. Waivers of rights or remedies
with respect to previous events of default, violation or breach under this Note
shall not preclude the exercise of such rights or remedies upon the occurrence
of subsequent events of default, violation or breach.

     This Note shall be interpreted and enforced in accordance with the laws of
the State of Delaware. Each provision of this Note is severable and each valid
and enforceable provision of this Note shall remain in full force and effect,
regardless of any determination that is binding upon, or enforceable against,
the Maker or the Holder and that renders certain provisions of this Note invalid
or unenforceable.

<PAGE>

                                             PERRY'S MAJESTIC BEER, INC.

                                             By: /s/ Robert J. Sipper
                                                 ------------------------
                                             Its: President

             [This note was canceled after having been paid in full]PERRY'S MAJESTIC BEER, INC.
                                 100 PLAZA DRIVE
                                  SECOND FLOOR
                           SECAUCUS, NEW JERSEY 07094
                           (201) 866-1300 (telephone)
                           (201) 866-5750 (telecopier)

                                December 23, 1998

James B. Hovis, President
X-Treem Products Corporation
100 Plaza Drive
Second Floor
Secaucus, New Jersey  07094

Dear Jim:

     This letter serves as written notice to X-Treem Products Corporation (the
"Company") of the election by Perry's Majestic Beer, Inc. (the "Licensee") to
exercise the Option, as defined in the License Agreement between the Company and
the Licensee dated December 1, 1998 (the "License Agreement"), pursuant to
Section 2.3 of the License Agreement.

     The Company hereby acknowledges that this letter was accompanied by a
promissory note by the Licensee in favor of the Company in the original
principal amount of the Option Price, as defined in the License Agreement, and
that, therefore, the Licensee has exercised the Option and the License Agreement
is hereby terminated.

                                                     Very truly yours,

                                                     PERRY'S MAJESTIC BEER, INC.

                                                     By: /s/ Robert J. Sipper
                                                         ----------------------
                                                          Robert J. Sipper, COO

ACCEPTED AND AGREED TO this 23rd day of December, 1998.

X-TREEM PRODUCTS CORPORATION

By: /s/ James B. Hovis
    ----------------------
    James B. Hovis, PresidentPROMISSORY NOTE

$300,000                                                       December 23, 1998

     FOR VALUE RECEIVED, Perry's Majestic Beer, Inc., a Delaware corporation
having an address of 100 Plaza Drive, Second Floor, Secaucus, New Jersey 07094
(the "Maker"), promises to pay to the order of X-Treem Products Corporation, a
Delaware corporation having an address of 100 Plaza Drive, Second Floor,
Secaucus, New Jersey 07094 (the "Holder"), in lawful money of the United States
of America, the principal sum of THREE HUNDRED THOUSAND DOLLARS ($300,000)
together with simple interest thereon at the rate of ten percent (10%) per
annum, to be applied first against accrued interest at the aforesaid rate on the
outstanding principal balance due and then in reduction of principal, with such
principal and interest to be payable as follows: beginning on January 1, 2001,
quarterly installments of principal and interest, each in the amount of $25,000,
shall be payable on the last day of each of the first three calendar quarters
(March 31, June 30, September 30), and the outstanding balance of principal and
interest shall be payable in full on December 31, 2001.

     This Note may be prepaid at any time and from time to time, in whole or in
part, without premium or penalty.

     The Maker shall pay any collection expenses, court costs and reasonable
attorney's fees and costs that may be sustained by the Holder in the collection
or enforcement of this Note or any part hereof.

     The Maker, to the extent permitted by law, hereby waives presentation,
demand, protest and notices of dishonor and protest.

     The rights and remedies of the Holder with respect to this Note (whether
arising at law or in equity) are cumulative, and may be pursued separately or
conjunctively in the sole discretion of the Holder. The Holder shall not, by act
or omission, be deemed to have waived any such rights or remedies unless, and
then only to the extent that, such waiver is set forth in a written instrument
signed by the Holder and delivered to the Maker. Waivers of rights or remedies
with respect to previous events of default, violation or breach under this Note
shall not preclude the exercise of such rights or remedies upon the occurrence
of subsequent events of default, violation or breach.

     This Note shall be interpreted and enforced in accordance with the laws of
the State of Delaware. Each provision of this Note is severable and each valid
and enforceable provision of this Note shall remain in full force and effect,
regardless of any determination that is binding upon, or enforceable against,
the Maker or the Holder and that renders certain provisions of this Note invalid
or unenforceable.

<PAGE>

                                  PERRY'S MAJESTIC BEER, INC.

                                  By: /s/ Robert J. Sipper
                                     --------------------------------
                                  Its: Chief Operating OfficerBILL OF SALE

     Know all men by these presents that X-TREEM PRODUCTS CORPORATION, a
Delaware corporation ("Seller"), for and in consideration of the Option Price,
as defined in the License Agreement dated December 1, 1998, by and between
Seller and PERRY'S MAJESTIC BEER, INC., a Delaware corporation having its
primary place of business at 100 Plaza Drive, Second Floor, Secaucus, New Jersey
07094 ("Purchaser"), the receipt and sufficiency of which is hereby
acknowledged, does hereby grant, bargain, sell, transfer, assign and deliver
unto Purchaser, its successors and assigns, all right, title and interest of
Seller in and to certain general intangibles, as follows:

     Seller's general intangibles of any kind or nature whatsoever related to
the mark "McCoy's", and the formulae, label and bottle designs and other
packaging, and research and development related thereto, including but not
limited to all names, insignias, labels, logos, commercial symbols, slogans and
other identification schemes, patents, patent applications, copyrights,
trademarks, service marks, trade names, trade secrets, customer or supplier
lists, manuals, operating instructions, permits and franchises, and/or
applications that may be controlled from time to time by the Seller for use in
association with the mark "McCoy's", including but not limited to the following
marks:

                        McCOY'S, serial number 75/316,497

<PAGE>

     IN WITNESS HEREOF, Seller has executed this Bill of Sale this 23rd day of
December, 1998.

                                    X-TREEM PRODUCTS CORPORATION

                                    By:    /s/ Anne P. Hovis
                                           ----------------------------------
                                    Title:  Executive Vice President and
                                             Assistant General Counsel

ATTEST:

/s/ James B. Hovis, President
-----------------------------<PAGE>   1
                                                                    EXHIBIT 10.1

                                   [PROPOSED]

                          MARVELL TECHNOLOGY GROUP LTD.

                              AMENDED AND RESTATED

                             1995 STOCK OPTION PLAN

        1. Purpose. This Plan is intended to attract and retain the best
available individuals as Employees and Consultants of the Company and its
Subsidiaries, to provide additional incentives to those Employees and
Consultants, and to promote the success of the Company's business.

        2. Defined Terms. The meanings of defined terms (generally, capitalized
terms) in this Plan are provided in Section 21 ("Glossary").

        3. Shares Reserved. Subject to Section 14, a maximum aggregate of
13,750,000 Shares may be issued under this Plan; provided however, that
beginning the first business day of each calendar year starting January 1, 2001
or after, there shall be added to this Plan the lesser of an additional (i)
5,000,000 shares of Common Stock, (ii) 5.0% of the outstanding shares of capital
stock on such date, or (iii) an amount determined by the Board. The Shares may
be authorized, but unissued, or reacquired Common Stock. If an Option expires or
becomes unexercisable for any reason, any unpurchased Optioned Shares shall be
available for future issuance under this Plan. Shares retained to satisfy tax
withholding obligations do not reduce the number authorized for issuance.

        4. Administration.

        (a) In General. This Plan shall be administered by the Board or a
Committee appointed by the Board. Once appointed, a Committee shall serve until
otherwise directed by the Board. From time to time, the Board may increase the
size of the Committee and appoint additional members, remove members (with or
without cause) and appoint new members in their stead, fill vacancies however
caused, and terminate the Committee and thereafter directly administer this
Plan.

        (b) After Exchange Act Applies. After the Company becomes subject to the
Exchange Act, the Board may provide for administration of this Plan with respect
to Employees who are also officers or directors of the Company by a Committee
constituted so as to permit this Plan to comply as a discretionary plan with
Rule 16b-3 promulgated under the Exchange Act or any successor thereto. A
Committee appointed under this Section 4(b) may be separate from any Committee
appointed to administer this Plan with respect to Employees who are neither
officers nor directors.

        (c) Powers of the Administrator. Subject to the provisions of this Plan
and in the case of a Committee, the specific duties delegated by the Board, the
Administrator shall have the authority, in its discretion:

<PAGE>   2

                (i) to determine the Fair Market Value of the Common Stock;

                (ii) to grant Options to such Consultants and Employees as it
        selects;

                (iii) to determine the terms and conditions of each Option
        granted, including without limitation the number of Shares of Optioned
        Stock, the exercise price per share, and whether an Option is to be
        granted as an ISO or a NSO;

                (iv) to approve forms of agreement for use under this Plan;

                (v) to determine whether and under what circumstances to offer
        to buy out an Option for cash or Shares under Section 13;

                (vi) to modify grants of Options to participants who are foreign
        nationals or employed outside of the United States in order to recognize
        differences in local law, tax policies, or customs; and

                (vii) to construe and interpret the terms of this Plan and
        Options granted pursuant to this Plan.

        (d) Administrator's Decisions Binding. All decisions, determinations,
and interpretations of the Administrator shall be final and binding on all
Optionees and any other holders of any Options, and no member of the
Administrator shall be liable for any such determination, decision, or
interpretation made in good faith.

        5. Eligibility.

        (a) NSOs/ISOs. Nonstatutory Stock Options may be granted to Employees
and Consultants. Incentive Stock Options may be granted only to Employees. An
Employee or Consultant who has been granted an Option may, if otherwise
eligible, be granted additional Options.

        (b) Limitations.

                (i) If the Company or a successor issues any class of common
        equity securities required to be registered under Section 12 of the
        Exchange Act or if this Plan is assumed by a corporation that has a
        class of such securities, the following limitations shall apply to
        grants of Options to Employees:

                (ii) No Employee shall be granted, in any fiscal year of the
        Company, Options to purchase more than 1,000,000 Shares, adjusted
        proportionately in connection with any change in the Company's
        capitalization as described in Section 14. If an Option is granted but
        canceled in the same fiscal year, it shall nonetheless count against the

                                       2
<PAGE>   3

        foregoing limit. Reduction of an Option's exercise price is treated as a
        cancellation of the Option and the grant of a new Option.

        6. Term of Options. The term of each Option shall be determined by the
Administrator at the time of grant but shall not exceed ten years. In the case
of an ISO granted to an Optionee who, at the time of grant, owns stock
representing more than ten percent of the voting power of all classes of stock
of the Company or any Parent or Subsidiary, the Option term shall not exceed
five years.

        7. Date of Grant. Unless otherwise determined by the Administrator, the
date of grant of an Option shall be the date on which the Administrator
completes the actions necessary to grant the Option. Notice of the grant shall
be given to the Optionee within a reasonable time after the date of the grant.

        8. Exercise Price and Form of Consideration.

        (a) Price. The per-Share exercise price of an Option shall be determined
by the Administrator at the time of grant, but:

        (i) In the case of an ISO:

                (A) granted to an Employee who, at the time of grant, owns stock
                representing more than ten percent of the voting power of all
                classes of stock of the Company or any Parent or Subsidiary, the
                per-Share exercise price shall be at least 110% of the Fair
                Market Value on the date of grant; or

                (B) granted to any other Employee, the per-Share exercise price
                shall be at least the Fair Market Value on the date of grant.

        (ii) In the case of a NSO:

                (A) granted to an Employee who, at the time of grant, owns stock
                representing more than ten percent of the voting power of all
                classes of stock of the Company or any Parent or Subsidiary, the
                per-Share exercise price shall be at least the Fair Market Value
                on the date of grant; or

                (B) granted to any other Employee, the per-Share exercise price
                shall be at least 85% of the Fair Market Value on the date of
                grant.

        (b) Form of Payment. Payment for Shares upon exercise of an Option shall
be made in any lawful consideration approved by the Administrator and may,
without limitation, consist of (1) cash, (2) check, (3) other Shares that have a
Fair Market Value on the date of payment equal to the aggregate exercise price
of the Shares as to which

                                       3
<PAGE>   4

Option is exercised, (4) delivery by a broker or brokerage firm approved by the
Administrator of a properly executed exercise notice together with payment of
the exercise price and such other documentation as the Administrator shall
require, or (5) any combination of the foregoing.

        9. Exercise.

        (a) Exercisability. Each Option shall be exercisable at such times and
under such conditions as determined by the Administrator at the time of grant,.

        (b) Vesting. Each Option and the corresponding Optioned Stock shall vest
at such times and under such conditions as determined by the Administrator at
the time of grant, and as are otherwise permissible under the terms of this
Plan, including without limitation performance criteria with respect to the
Company and/or the Optionee.

        (c) Fractional Shares. An Option may not be exercised for a fraction of
a Share.

        (d) Manner of Exercise; Rights as a Shareholder. Unless otherwise
allowed by the Administrator, an Option shall be exercised by delivery to the
Company of all of the following: (i) written notice of exercise by the Optionee,
in a form approved by the Administrator and in accordance with the terms of the
Option, (ii) full payment for the Shares with respect to which the Option is
exercised, and (iii) payment (or provision for payment) of withholding taxes
pursuant to Subsection (f), below. Delivery of any of the foregoing may be by
electronic means approved by the Administrator. The Optionee shall be treated as
a shareholder of the Company with respect to the purchased Shares upon
completion of exercise of the Option.

        (e) Optionee Representations. If Shares purchasable pursuant to the
exercise of an Option have not been registered under the Securities Act of 1933,
as amended, at the time the Option is exercised, the Optionee shall, if required
by the Administrator, as a condition to exercise of all or any portion of the
Option, deliver to the Company an investment representation statement in a form
approved by the Administrator.

        (e) Termination of Employment or Consulting Relationship. If an
Optionee's Continuous Service terminates, the Optionee (or the Optionee's estate
or heirs, if termination is due to death or the Optionee dies during the
post-termination exercise period of the Option) may exercise the Option, (i)
only within such period of time as is determined by the Administrator (but no
later than the expiration date determined by the Administrator at the time of
grant) and the Option shall terminate at the end of that period, and (ii) unless
otherwise determined by the Administrator, only to the extent that the Optionee
was entitled to exercise it at the date of termination.

        (f) Tax Withholding. The Company's obligation to deliver Shares upon
exercise of an Option is subject to payment (or provision for payment
satisfactory to the

                                       4
<PAGE>   5

Administrator) by the Optionee of all federal, state, and local income and
employment taxes that the Administrator determines in its discretion to be due
as a result of the exercise of the Option or sale of the Shares.

        10. Rule 16b-3. Except to the extent determined by the Administrator,
Options granted to persons subject to Section 16(b) of the Exchange Act shall
comply with Rule 16b-3 and shall contain such terms as may be required or
desirable to qualify Plan transactions for the maximum exemption from Section 16
of the Exchange Act.

        11. Non-Transferability of Options. Options may not be sold, pledged,
assigned, hypothecated, transferred, or disposed of in any manner other than by
will or by the laws of descent or distribution and may be exercised, during the
lifetime of the Optionee, only by the Optionee.

        12. Lockup Agreement. Grant and exercise of each Option are subject to
the Optionee's agreement, upon the request of (and in form and substance
satisfactory to) the Company or the underwriters managing an initial firmly
underwritten public offering of the Company's securities, not to sell, make any
short sale of, loan, grant any option for the purchase of, or otherwise dispose
of any Shares or any derivative security (unless included in the registration of
Shares offered) without the prior written consent of the Company or such
underwriters, as the case may be, for such period of time (not to exceed 180
days) from the effective date of the registration as the Company or underwriters
may specify.

        13. Buyout of Options. The Administrator may at any time offer to buy
out an Option for a payment in cash or Shares, based on such terms and
conditions as the Administrator shall establish and communicate to the Optionee
at the time of the offer.

        14. Changes in Capitalization or Control.

        (a) Changes in Capitalization. Subject to any required action by the
shareholders of the Company, the number of shares of Optioned Stock and the
number of Shares that have been authorized for issuance under this Plan but as
to which no Options have then been granted or that have been returned to this
Plan upon cancellation or expiration of an Option, as well as the price per
share of Optioned Stock, shall be proportionately adjusted for any change in the
number of issued Shares resulting from a stock split, reverse stock split, stock
dividend, combination or reclassification of the Common Stock, or any other
change in the number of issued Shares effected without receipt of consideration
by the Company (not counting Shares issued upon conversion of convertible
securities of the Company as "effected without receipt of consideration"). Such
adjustment shall be made by the Board and shall be final, binding, and
conclusive. Except as expressly provided herein, no issuance by the Company of
shares of stock of any class, or securities convertible into shares of stock of
any class, shall affect, and no consequent adjustment shall be made with respect
to, the number or price of Shares subject to this Plan.

                                       5
<PAGE>   6

        (b) Change in Control. The Administrator may, in its discretion,
determine at any time from and after the grant of an Option the effect that a
Change in Control shall have upon the Option; provided however, that a Change in
Control shall not have the effect of impairing the rights of any Optionee under
any then-outstanding Option without his or her prior written consent. Without
limiting the foregoing sentence, the Administrator may determine that upon a
Change in Control, an Option:

                (i) shall become fully vested and exercisable either for a
        limited period following the Change in Control or for the remainder of
        the Option's term;

                (ii) shall terminate upon or after a specified period following
        the Change in Control;

                (iii) shall be cancelled in exchange for cash in the amount of
        the excess of the fair market value of the Optioned Shares over the
        exercise price upon termination; or

                (iv) shall be treated as provided under a combination of clauses
        (i) through (iii), or shall be so treated only if not adequately assumed
        (or substituted for) by a surviving or successor person or entity in the
        transactions or events that give rise to the Change in Control.

For purposes of this Section 14(b), the "Administrator" shall be the
Administrator as constituted before the Change in Control occurs.

        15. Amendments. The Board may at any time amend, alter, suspend, or
discontinue this Plan, but no such action shall impair the rights of any
Optionee under any then-outstanding Option without his or her prior written
consent.

        16. Securities Regulation Requirements.

        (a) Compliance with Rule; Buy-out Offer. In general, Shares shall not be
issued pursuant to the exercise of an Option unless the exercise of the Option
and issuance of the Shares comply with all relevant provisions of law,
including, without limitation, the Securities Act of 1933, as amended, the
Exchange Act, the rules and regulations promulgated thereunder, the requirements
of any stock exchange upon which the Shares may then be listed, and the
requirements of any regulatory body having jurisdiction. When the Company
receives notice of exercise of an Option, if the Administrator believes in its
discretion that the period before Shares may be issued will exceed 21 days, the
Administrator shall (unless it determines that such an offer is itself prevented
by the rules described in the preceding sentence) make an offer pursuant to
Section 12 to buy out the portion of the Option corresponding to the number of
Shares whose issuance is thus prevented. The buy-out offer shall be valid for at
least 21 days.

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<PAGE>   7

        (b) Optionee Investment Representation. As a condition to the exercise
of an Option, the Company may require the person exercising the Option to
represent and warrant that the Shares are being purchased only for investment
and without any present intention to sell or distribute the Shares if, in the
opinion of counsel for the Company, such a representation is required by law.

        17. Written Option Agreements. Options shall be evidenced by written
agreements in a form the Administrator approves from time to time. The written
agreement shall designate the Option as either an Incentive Stock Option or a
Nonstatutory Stock Option. Delay in executing a written agreement shall not
affect the date of grant of an Option; however, an Option may not be exercised
until a written agreement has been executed by the Company and the Optionee.

        18. Shareholder Approval. This Plan is subject to approval by the
shareholders of the Company within 12 months after the Board adopts this Plan.
Shareholder approval shall be obtained in the degree and manner required under
applicable state and federal law and the rules of any stock exchange upon which
the Common Stock is listed.

        19. Information to Optionees. The Company shall provide to each Optionee
copies of financial statements at least annually, at the same time and in the
same form as it furnishes such information to its shareholders. The Company
shall not be required to provide such statements to key employees whose duties
assure their access to equivalent information.

        20. No Employment Rights. This Plan does not confer upon any Optionee
any right with respect to continuation of employment or consulting relationship
with the Company, nor shall it interfere in any way with the Company's right to
terminate his or her employment or consulting relationship at any time, with or
without cause.

        21. Term of Plan. This Plan shall become effective upon the earlier to
occur of adoption by the Board or approval by the shareholders of the Company,
as described in Section 17. It shall continue in effect for a term of ten years
unless sooner terminated under Section 14.

        22. Glossary. The following definitions apply for purposes of this Plan:

        (a) "Administrator" means the Board or a committee appointed by the
Board under Section 4.

        (b) "Board" means the Board of Directors of the Company.

        (c) "Change in Control" means a change in ownership or control of the
Company by any of:

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<PAGE>   8

                (i) a merger or consolidation in which the holders of stock
        possessing a majority of the voting power in the surviving entity (or a
        parent of the surviving entity) did not own a majority of the Common
        Stock immediately before the transaction;

                (ii) the sale of all or substantially all of the Company's
        assets to any other person or entity (other than a Subsidiary);

                (iii) the liquidation or dissolution of the Company;

                (iv) the direct or indirect acquisition by any person or related
        group of persons of beneficial ownership (within the meaning of Rule
        13d-3 of the 1934 Act) of securities possessing more than 50% of the
        total combined voting power of the Company's outstanding securities
        pursuant to a tender or exchange offer made directly to the Company's
        shareholders that the Board does not recommend that the shareholders
        accept, or

                (v) a change in composition of the Board over a period of 36
        consecutive months such that a majority of the Board ceases, by reason
        of one or more contested elections for Board membership, to be composed
        of individuals who either (A) have been Board members continuously since
        the beginning of that period or (B) have been elected or nominated for
        election as Board members during that period by at least a majority of
        the Board members described in clause (A) who were in office when the
        Board approved the election or nomination.

        (d) "Code" means the Internal Revenue Code of 1986, as amended.

        (e) "Common Stock" means the Common Stock of the Company.

        (f) "Company" means Marvell Technology Group Ltd., a Bermuda
corporation.

        (g) "Consultant" means any person, other than an Employee, who is
engaged by the Company or any Parent or Subsidiary to perform consulting or
advisory services.

        (h) "Continuous Service" means that an Optionee's employment or
consulting relationship with the Company or a Parent or Subsidiary is not
interrupted or terminated. Continuous Service is not interrupted by (i) any
leave of absence approved by the Company, (ii) transfers between locations of
the Company or between the Company, a Parent, a Subsidiary, or any successor, or
(iii) changes in status from Employee to Consultant or Consultant to Employee.

        (i) "Employee" means any person employed by the Company or any Parent or
Subsidiary of the Company.

                                       8
<PAGE>   9

        (j) "Exchange Act" means the Securities Exchange Act of 1934, as
amended.

        (k) "Fair Market Value" means, as of any date, the value of common Stock
determined as follows:

                (i) If the Common Stock is quoted on an established stock
        exchange or national market system, including without limitation the
        National Association of Securities Dealers, Inc. Automated Quotation
        ("NASDAQ") National Market System, Fair Market Value shall be the
        closing sales price (or the closing bid, if no sales are reported) as
        quoted on that exchange or system for the day of the determination, as
        reported in The Wall Street Journal or an equivalent source, or if the
        determination date is not a trading day, then on the most recent
        preceding trading day;

                (ii) If the Common Stock is quoted on NASDAQ (but not on the
        National Market System) or regularly quoted by a recognized securities
        dealer but selling prices are not reported, Fair Market Value shall be
        the mean between the high bid and low asked prices for the Common Stock
        on the day of the determination, or on the most recent preceding trading
        day if the determination date is not a trading day; or

                (iii) In the absence of an established market for the Common
        Stock, Fair Market Value shall be determined by the Administrator.

        (l) "Incentive Stock Option" or "ISO" means an Option intended to
qualify as an "incentive stock option" within the meaning of, and to the extent
otherwise permitted by, Section 422 of the Code.

        (m) "Nonstatutory Stock Option" or "NSO" means an Option not intended to
qualify as an ISO.

        (n) "Officer" means a person who is an officer of the Company within the
meaning of Section 16 of the Exchange Act and the rules and regulations
promulgated thereunder.

        (o) "Option" means a stock option granted pursuant to this Plan.

        (p) "Optioned Stock" means the Common Stock subject to an Option.

        (q) "Optionee" means the Employee or Consultant who receives an Option
and includes any person who owns all or any part of an Option, or who is
entitled to exercise an Option, after the death or disability of an Optionee.

        (r) "Parent" means a "parent corporation," present or future, as defined
in Section 424(e) of the Code.

                                       9
<PAGE>   10

        (s) "Plan" means this 1995 Marvell Technology Group Ltd. Stock Option
Plan.

        (t) "Share" means a share of the Common Stock, as adjusted in accordance
with Section 13(a).

        (u) "Subsidiary" means a "subsidiary corporation," present or future, as
defined in Section 424(f) of the Code.

                                       10

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00004-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00004-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00004-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00004-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00004-of-00352.parquet"}]]