Document:

Exhibit
10.2

 

FIRST
AMENDED AND RESTATED UNCONDITIONAL

GUARANTY OF PAYMENT AND PERFORMANCE

 

FOR AND IN CONSIDERATION
OF the sum of Ten and No/100 Dollars ($10.00) and other good and valuable consideration paid or delivered to the undersigned JERNIGAN
CAPITAL, INC., a Maryland corporation (“REIT”), and the Additional Guarantors which are a party hereto or may hereafter
become a party hereto, if any (hereinafter referred to individually as a “Subsidiary Guarantor” and collectively, as
“Subsidiary Guarantors”; REIT, and the Subsidiary Guarantors are sometimes hereinafter referred to individually as
a “Guarantor” and collectively as “Guarantors”), the receipt and sufficiency whereof are hereby acknowledged
by Guarantors, and for the purpose of seeking to induce KEYBANK NATIONAL ASSOCIATION, a national banking association (hereinafter
referred to as “Lender”, which term shall also include each other Lender which may now be or hereafter become a party
to the “Credit Agreement” (as hereinafter defined), any Lender acting as the Issuing Lender under the Credit Agreement
and shall also include any such individual Lender acting as agent for all of the Lenders), to extend credit or otherwise provide
financial accommodations to JERNIGAN CAPITAL OPERATING COMPANY, LLC, a Delaware limited liability company (“Borrower”)
under the Credit Agreement, and seeking to induce the Lender Hedge Providers to provide final accommodations by entering into derivative
contracts that may give rise to Hedge Obligations, which extension of credit and provision of financial accommodations will be
to the direct interest, advantage and benefit of Guarantors, Guarantors do hereby, jointly and severally, absolutely, unconditionally
and irrevocably guarantee to Lender and the Lender Hedge Providers the complete payment and performance of the following liabilities,
obligations and indebtedness of Borrower to Lender and Lender Hedge Providers (hereinafter referred to collectively as the “Obligations”)
(capitalized terms that are used herein that are not otherwise defined herein shall have the meanings set forth in the Credit Agreement):

 

(a)          the
full and prompt payment when due, whether by acceleration or otherwise, either before or after maturity thereof, of the Revolving
Credit Notes made by Borrower to the order of the applicable Lenders in the maximum aggregate principal face amount of up to Two
Hundred Thirty-Five Million and No/100 Dollars ($235,000,000.00), and of the Swing Loan Note made by Borrower to the order of the
Swing Loan Lender in the principal face amount of Twenty-Three Million Five Hundred Thousand and No/100 Dollars ($23,500,000.00),
together with interest as provided in the Revolving Credit Notes and the Swing Loan Note and together with any replacements, supplements,
renewals, modifications, consolidations, restatements, increases and extensions thereof; and

 

(b)          the
full and prompt payment and performance of any “Hedge Obligations” (as defined in the Credit Agreement); and

 

(c)          the
full and prompt payment and performance when due of any and all obligations of Borrower and any Guarantor to Lender under the Security
Documents, together with any replacements, supplements, renewals, modifications, consolidations, restatements and extensions thereof;
and

 

     

     

    

 

(d)          the
full and prompt payment when due, whether by acceleration or otherwise, either before or after maturity thereof, of each other
note as may be issued under that certain First Amended and Restated Credit Agreement dated of even date herewith (as replaced,
supplemented, amended, modified, consolidated, restated, increased or extended, hereinafter referred to as the “Credit Agreement”)
among Borrower, KeyBank, for itself and as agent, and the other lenders now or hereafter a party thereto, together with interest
as provided in each such note, together with any replacements, supplements, renewals, modifications, consolidations, restatements,
increases, and extensions thereof (the Revolving Credit Notes, the Swing Loan Note and each of the notes described in this subparagraph
(d) are hereinafter referred to collectively as the “Note”); and

 

(e)          the
full and prompt payment and performance of any and all obligations of Borrower to Lender and Issuing Lender under the terms of
the Credit Agreement, together with any replacements, supplements, renewals, modifications, consolidations, restatements, and extensions
thereof; and

 

(f)          the
full and prompt payment and performance of any and all other obligations of Borrower to Lender under any other agreements, documents
or instruments now or hereafter evidencing, securing or otherwise relating to the indebtedness evidenced by the Note or the Credit
Agreement (the Note, the Credit Agreement, the Security Documents and said other agreements, documents and instruments are hereinafter
collectively referred to as the “Loan Documents” and individually referred to as a “Loan Document”).

 

Notwithstanding anything
to the contrary contained herein, under no circumstances shall any of the “Obligations” guaranteed hereby include any
obligation that constitutes an Excluded Hedge Obligation of such Guarantor.

 

1.           Agreement
to Pay and Perform; Costs of Collection. Guarantors do hereby agree that following and during the continuance of an Event of
Default under the Loan Documents if the Note is not paid by Borrower in accordance with its terms, or if any and all sums which
are now or may hereafter become due from Borrower to Lender under the Loan Documents are not paid by Borrower in accordance with
their terms, or if any and all other obligations of Borrower to Lender under the Note or of Borrower or any Guarantor under the
other Loan Documents are not performed by such Borrower or Guarantor, as applicable, in accordance with their terms, Guarantors
will immediately upon demand make such payments and perform such obligations. Guarantors further agree to pay Lender on demand
all reasonable costs and expenses (including court costs and reasonable attorneys’ fees and disbursements) paid or incurred
by Lender in endeavoring to collect the Obligations guaranteed hereby, to enforce any of the Obligations of Borrower guaranteed
hereby, or any portion thereof, or to enforce this Guaranty, and until paid to Lender, such sums shall bear interest at the Default
Rate set forth in Section 4.11 of the Credit Agreement unless collection from Guarantors of interest at such rate would be contrary
to applicable law, in which event such sums shall bear interest at the highest rate which may be collected from Guarantors under
applicable law.

 

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2.           Reinstatement
of Refunded Payments. If, for any reason, any payment to Lender of any of the Obligations guaranteed hereunder is required
to be refunded, rescinded or returned by Lender to Borrower, or paid or turned over to any other Person, including, without limitation,
by reason of the operation of bankruptcy, reorganization, receivership or insolvency laws or similar laws of general application
relating to creditors’ rights and remedies now or hereafter enacted, Guarantors agree to pay to the Lender on demand an amount
equal to the amount so required to be refunded, paid or turned over (the “Turnover Payment”), the obligations of Guarantors
shall not be treated as having been discharged by the original payment to Lender giving rise to the Turnover Payment, and this
Guaranty shall be treated as having remained in full force and effect for any such Turnover Payment so made by Lender, as well
as for any amounts not theretofore paid to Lender on account of such obligations.

 

3.           Rights
of Lender to Deal with Collateral, Borrower and Other Persons. Each Guarantor hereby consents and agrees that Lender may at
any time, and from time to time, without thereby releasing any Guarantor from any liability hereunder and without notice to or
further consent from any Guarantor or any other Person or entity, either with or without consideration: release or surrender any
lien or other security of any kind or nature whatsoever held by it or by any Person, firm or corporation on its behalf or for its
account, securing any indebtedness or liability hereby guaranteed; substitute for any collateral so held by it, other collateral
of like kind, or of any kind; modify the terms of the Note or the other Loan Documents; extend or renew the Note for any period;
grant releases, compromises and indulgences with respect to the Note or the other Loan Documents and to any Persons or entities
now or hereafter liable thereunder or hereunder; release any other guarantor (including any Guarantor), surety, endorser, obligor
or accommodation party of the Note or any other Loan Documents; or take or fail to take any action of any type whatsoever. No such
action which Lender shall take or fail to take in connection with the Note or the other Loan Documents, or any of them, or any
security for the payment of the indebtedness of Borrower to Lender or for the performance of any obligations or undertakings of
Borrower, any Guarantor or any other Person, nor any course of dealing with Borrower or any other Person, shall release any Guarantor’s
obligations hereunder, affect this Guaranty in any way or afford any Guarantor any recourse against Lender. The provisions of this
Guaranty shall extend and be applicable to all replacements, supplements, renewals, amendments, increases, extensions, consolidations,
restatements and modifications of the Note and the other Loan Documents, and any and all references herein to the Note and the
other Loan Documents shall be deemed to include any such replacements, supplements, renewals, extensions, amendments, increases,
consolidations, restatements or modifications thereof. Without limiting the generality of the foregoing, Guarantors acknowledge
the terms of Sections 2.11 of the Credit Agreement pursuant to which the Total Commitment under the Credit Agreement may be increased
to up to $400,000,000.00 and of Section 18.3 of the Credit Agreement and agree that this Guaranty shall extend and be applicable
to each new or replacement note delivered by Borrower pursuant thereto without notice to or further consent from Guarantors, or
any of them.

 

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4.           No
Contest with Lender; Subordination. So long as any of the Obligations hereby guaranteed remain unpaid or undischarged or any
Lender has any obligation to make Loans or issue Letters of Credit, Guarantors will not, by paying any sum recoverable hereunder
(whether or not demanded by Lender) or by any means or on any other ground, claim any set-off or counterclaim against Borrower
in respect of any liability of any Guarantor to Borrower or, in proceedings under federal bankruptcy law or insolvency proceedings
of any nature, prove in competition with Lender in respect of any payment hereunder or be entitled to have the benefit of any counterclaim
or proof of claim or dividend or payment by or on behalf of Borrower or the benefit of any other security for any of the Obligations
hereby guaranteed which, now or hereafter, Lender may hold or in which it may have any share. Notwithstanding any other provision
of this Guaranty to the contrary, each Guarantor hereby waives and releases any claim or other rights which such Guarantor may
now have or hereafter acquire against Borrower or any other Guarantor or other Person of all or any of the obligations of Guarantors
hereunder that arise from the existence or performance of such Guarantor’s obligations under this Guaranty or any of the
other Loan Documents, including, without limitation, any right of subrogation, reimbursement, exoneration, contribution or indemnification,
any right to participate in any claim or remedy of Lender against Borrower or any other Guarantor or other Person or any Collateral
which Lender now has or hereafter acquires, whether or not such claim, remedy or right arises in equity or under contract, statute
or common law, by any payment made hereunder or otherwise, including, without limitation, the right to take or receive from Borrower
or any other Guarantor or other Person, directly or indirectly, in cash or other property or by setoff or in any other manner,
payment or security on account of such claim or other rights, except for those rights of each Guarantor under the Contribution
Agreement; provided, however, each Guarantor agrees not to pursue or enforce any of its rights under the Contribution Agreement
and each Guarantor agrees not to make or receive any payment on account of the Contribution Agreement so long as any of the Obligations
remain unpaid or undischarged or any Lender has any obligation to make Loans or issue Letters of Credit. In the event any Guarantor
shall receive any payment under or on account of the Contribution Agreement or otherwise, it shall hold such payment as trustee
for Lender and be paid over to Lender on account of the indebtedness of Borrower to Lender but without reducing or affecting in
any manner the liability of Guarantors under the other provisions of this Guaranty except to the extent the principal amount or
other portion of such indebtedness shall have been reduced by such payment. In connection with the foregoing, Guarantors expressly
waive any and all rights of subrogation to Lender against Borrower, any other Guarantor or any other Person, and Guarantors hereby
waive any rights to enforce any remedy which Lender may have against Borrower, any other Guarantor or any other Person and any
rights to participate in any collateral for Borrower’s obligations under the Loan Documents. Guarantors hereby subordinate
any and all indebtedness of Borrower or any other Guarantor now or hereafter owed to any Guarantor to all indebtedness of Borrower
or any other Guarantor to Lender, and agree with Lender that (a) Guarantors shall not demand or accept any payment from Borrower
or any other Guarantor on account of such indebtedness, (b) Guarantors shall not claim any offset or other reduction of Guarantors’
obligations hereunder because of any such indebtedness, and (c) Guarantors shall not take any action to obtain any interest in
any of the security described in and encumbered by the Loan Documents because of any such indebtedness; provided, however, that,
if Lender so requests, such indebtedness shall be collected, enforced and received by Guarantors as trustee for Lender and be paid
over to Lender on account of the indebtedness of Borrower or Guarantor to Lender, but without reducing or affecting in any manner
the liability of Guarantors under the other provisions of this Guaranty except to the extent the principal amount or other portion
of such outstanding indebtedness shall have been reduced by such payment.

 

5.           Waiver
of Defenses. Guarantors hereby agree that their obligations hereunder shall not be affected or impaired by, and hereby waive
and agree not to assert or take advantage of any defense based on:

 

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(a)          (i)
any change in the amount, interest rate or due date or other term of any of the obligations hereby guaranteed, (ii) any change
in the time, place or manner of payment of all or any portion of the obligations hereby guaranteed, (iii) any amendment or waiver
of, or consent to the departure from or other indulgence with respect to, the Credit Agreement, any other Loan Document, or any
other document or instrument evidencing or relating to any obligations hereby guaranteed, or (iv) any waiver, renewal, extension,
addition, or supplement to, or deletion from, or any other action or inaction under or in respect of, the Credit Agreement, any
of the other Loan Documents, or any other documents, instruments or agreements relating to the obligations hereby guaranteed or
any other instrument or agreement referred to therein or evidencing any obligations hereby guaranteed or any assignment or transfer
of any of the foregoing;

 

(b)          any
subordination of the payment of the obligations hereby guaranteed to the payment of any other liability of Borrower or any other
Person;

 

(c)          any
act or failure to act by Borrower or any other Person which may adversely affect any Guarantor’s subrogation rights, if any,
against Borrower or any other Person to recover payments made under this Guaranty;

 

(d)          any
nonperfection or impairment of any security interest or other Lien on any collateral, if any, securing in any way any of the obligations
hereby guaranteed;

 

(e)          any
application of sums paid by Borrower or any other Person with respect to the liabilities of Lender, regardless of what liabilities
of the Borrower remain unpaid, provided such payment is credited against the Obligations as determined by the Lenders in their
sole discretion;

 

(f)          any
defense of Borrower, including without limitation, the invalidity, illegality or unenforceability of any of the Obligations;

 

(g)         either
with or without notice to Guarantors, any renewal, extension, modification, amendment or other changes in the Obligations, including
but not limited to any material alteration of the terms of payment or performance of the Obligations;

 

(h)          any
statute of limitations in any action hereunder or for the collection of the Note or for the payment or performance of any obligation
hereby guaranteed;

 

(i)           the
incapacity, lack of authority, death or disability of Borrower, any Guarantor, or any other Person or entity, or the failure of
Lender to file or enforce a claim against the estate (either in administration, bankruptcy or in any other proceeding) of Borrower
or any Guarantor or any other Person or entity;

 

(j)           the
dissolution or termination of existence of Borrower, any Guarantor or any other Person or entity;

 

(k)          any
LLC Division of Borrower or any Guarantor, notwithstanding the prohibition contained in the Credit Agreement or this Guaranty;

 

(l)           the
voluntary or involuntary liquidation, sale or other disposition of all or substantially all of the assets of Borrower or any Guarantor
or any other Person or entity;

 

    	 	5	 

     

    

 

(m)         the
voluntary or involuntary receivership, insolvency, bankruptcy, assignment for the benefit of creditors, reorganization, assignment,
composition, or readjustment of, or any similar proceeding affecting, Borrower or any Guarantor or any other Person or entity,
or any of Borrower’s or any Guarantor’s or any other Person’s or entity’s properties or assets;

 

(n)          the
damage, destruction, condemnation, foreclosure or surrender of all or any part of the Collateral, the Borrowing Base Properties,
any other Real Estate, or any of the improvements located thereon;

 

(o)          the
failure of Lender to give notice of the existence, creation or incurring of any new or additional indebtedness or obligation of
Borrower or of any action or nonaction on the part of any other Person whomsoever in connection with any obligation hereby guaranteed;

 

(p)          any
failure or delay of Lender to commence an action against Borrower or any other Person, to assert or enforce any remedies against
Borrower under the Note or the other Loan Documents, or to realize upon any security;

 

(q)          any
failure of any duty on the part of Lender to disclose to any Guarantor any facts it may now or hereafter know regarding Borrower
(including, without limitation Borrower’s financial condition), any other Person, the Collateral, or any other assets or
liabilities of such Persons, whether such facts materially increase the risk to Guarantors or not (it being agreed that Guarantors
assume responsibility for being informed with respect to such information);

 

(r)           failure
to accept or give notice of acceptance of this Guaranty by Lender;

 

(s)           failure
to make or give notice of presentment and demand for payment of any of the indebtedness or performance of any of the obligations
hereby guaranteed;

 

(t)           failure
to make or give protest and notice of dishonor or of default to Guarantors or to any other party with respect to the indebtedness
or performance of obligations hereby guaranteed;

 

(u)          any
and all other notices whatsoever to which Guarantors might otherwise be entitled;

 

(v)          any
lack of diligence by Lender in collection, protection or realization upon any collateral securing the payment of the indebtedness
or performance of obligations hereby guaranteed;

 

(w)         the
invalidity or unenforceability of the Note, or any of the other Loan Documents, or any assignment or transfer of the foregoing;

 

(x)          the
compromise, settlement, release or termination of any or all of the obligations of Borrower under the Note or the other Loan Documents
or the Hedge Obligations;

 

(y)         any
transfer by Borrower or any other Person of all or any part of the security encumbered by the Loan Documents;

 

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(z)          the
failure of Lender to perfect any security or to extend or renew the perfection of any security; or

 

(aa)        to
the fullest extent permitted by law, any other legal, equitable or surety defenses whatsoever to which Guarantors might otherwise
be entitled, it being the intention that the obligations of Guarantors hereunder are absolute, unconditional and irrevocable.

 

Each Guarantor understands
that the exercise by Lender of certain rights and remedies may affect or eliminate such Guarantor’s right of subrogation
against the Borrower, the other Guarantors or other Persons and that such Guarantor may therefore incur partially or totally nonreimbursable
liability hereunder. Nevertheless, Guarantors hereby authorize and empower Lender, its successors, endorsees and assigns, to exercise
in its or their sole discretion, any rights and remedies, or any combination thereof, which may then be available, it being the
purpose and intent of Guarantors that the obligations hereunder shall be absolute, continuing, independent and unconditional under
any and all circumstances. Notwithstanding any other provision of this Guaranty to the contrary, each Guarantor hereby waives and
releases any claim or other rights which such Guarantor may now have or hereafter acquire against Borrower or any other Guarantor
or other Person of all or any of the obligations of Guarantors hereunder that arise from the existence or performance of such Guarantor’s
obligations under this Guaranty or any of the other Loan Documents, including, without limitation, any right of subrogation, reimbursement,
exoneration, contribution or indemnification, any right to participate in any claim or remedy of Lender against Borrower or any
other Guarantor or other Person or any Collateral which Lender now has or hereafter acquires, whether or not such claim, remedy
or right arises in equity or under contract, statute or common law, by any payment made hereunder or otherwise, including, without
limitation, the right to take or receive from Borrower or any other Guarantor or other Person, directly or indirectly, in cash
or other property or by setoff or in any other manner, payment or security on account of such claim or other rights, except for
those rights of each Guarantor under the Contribution Agreement, provided that any exercise of rights under the Contribution Agreement
shall be subject to the terms of this Agreement.

 

6.           Guaranty
of Payment and Performance and Not of Collection. This is a guaranty of payment and performance and not of collection. The
liability of Guarantors under this Guaranty shall be primary, direct and immediate and not conditional or contingent upon the pursuit
of any remedies against Borrower or any other Person, nor against securities or liens available to Lender, its successors, successors
in title, endorsees or assigns. Guarantors hereby waive any right to require that an action be brought against Borrower or any
other Person or to require that resort be had to any security or to any balance of any deposit account or credit on the books of
Lender in favor of Borrower or any other Person.

 

7.           Rights
and Remedies of Lender. In the event of an Event of Default under the Note or the other Loan Documents, or any of them, that
is continuing (it being understood that the Lender has no obligation to accept cure after an Event of Default occurs), Lender shall
have the right to enforce its rights, powers and remedies thereunder or hereunder or under any other Loan Document, in any order,
and all rights, powers and remedies available to Lender in such event shall be nonexclusive and cumulative of all other rights,
powers and remedies provided thereunder or hereunder or by law or in equity. Accordingly, Guarantors hereby authorize and empower
Lender upon the occurrence and during the continuance of any Event of Default under the Note or the other Loan Documents, at its
sole discretion, and without notice to Guarantors, to exercise any right or remedy which Lender may have, including, but not limited
to, judicial foreclosure, exercise of rights of power of sale, acceptance of a deed or assignment in lieu of foreclosure, appointment
of a receiver to collect rents and profits, exercise of remedies against personal property, or enforcement of any assignment of
leases, as to any security, whether real, personal or intangible. At any public or private sale of any security or collateral for
any of the Obligations guaranteed hereby, whether by foreclosure or otherwise, Lender may, in its discretion, purchase all or any
part of such security or collateral so sold or offered for sale for its own account and may apply against the amount bid therefor
all or any part of the balance due it pursuant to the terms of the Note or any other Loan Document without prejudice to Lender’s
remedies hereunder against Guarantors for deficiencies. If the Obligations guaranteed hereby are partially paid by reason of the
election of Lender to pursue any of the remedies available to Lender, or if such Obligations are otherwise partially paid, this
Guaranty shall nevertheless remain in full force and effect with respect to the remaining Obligations outstanding, and Guarantors
shall remain liable for the entire balance of the Obligations guaranteed hereby even though any rights which any Guarantor may
have against Borrower or any other Person may be destroyed or diminished by the exercise of any such remedy.

 

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8.           Application
of Payments. Guarantors hereby authorize Lender, without notice to Guarantors, to apply all payments and credits received from
Borrower, any Guarantor or any other Person or realized from any security in such manner and in such priority as set forth in the
Credit Agreement.

 

9.           Business
Failure, Bankruptcy or Insolvency. In the event of the business failure of any Guarantor or if there shall be pending any bankruptcy
or insolvency case or proceeding with respect to any Guarantor under federal bankruptcy law or any other applicable law or in connection
with the insolvency of any Guarantor, or if a liquidator, receiver, or trustee shall have been appointed for any Guarantor or any
Guarantor’s properties or assets, Lender may file such proofs of claim and other papers or documents as may be necessary
or advisable in order to have the claims of Lender allowed in any proceedings relative to such Guarantor, or any of such Guarantor’s
properties or assets, and, irrespective of whether the indebtedness or other obligations of Borrower guaranteed hereby shall then
be due and payable, by declaration or otherwise, Lender shall be entitled and empowered to file and prove a claim for the whole
amount of any sums or sums owing with respect to the indebtedness or other obligations of Borrower guaranteed hereby, and to collect
and receive any moneys or other property payable or deliverable on any such claim. Guarantors covenant and agree that upon the
commencement of a voluntary or involuntary bankruptcy proceeding by or against Borrower, Guarantors shall not seek a supplemental
stay or otherwise pursuant to 11 U.S.C. §105 or any other provision of the Bankruptcy Code, as amended, or any other debtor
relief law (whether statutory, common law, case law, or otherwise) of any jurisdiction whatsoever, now or hereafter in effect,
which may be or become applicable, to stay, interdict, condition, reduce or inhibit the ability of Lender to enforce any rights
of Lender against Guarantors by virtue of this Guaranty or otherwise.

 

10.         Covenants
of Guarantors. Guarantors hereby covenant and agree with Lender that until all indebtedness guaranteed hereby has been completely
repaid and all obligations and undertakings of Borrower under, by reason of, or pursuant to the Note and the other Loan Documents
have been completely performed and Lender has no further obligation to make Loans or issue Letters of Credit, Guarantors will comply
with any and all covenants applicable to Guarantors set forth in the Credit Agreement and the Contribution Agreement.

 

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11.         Rights
of Set-off. In addition to any rights of Lender under applicable law, during the continuance of any Event of Default under
the Note or the other Loan Documents, Lender may at any time and without notice to Guarantors, but subject to the prior written
approval of Agent, set-off and apply the whole or any portion or portions of any or all deposits (general or specific, time or
demand, provisional or final, regardless of currency, maturity, or branch of Lender where the deposits are held) now or hereafter
held by Lender or other sums credited by or due from any Lender to any Guarantor and any securities or other property of the Guarantors
in the possession of such Lender against amounts payable under this Guaranty, whether or not any other person or persons could
also withdraw money therefrom.

 

12.         Changes
in Writing; No Revocation. This Guaranty may not be changed orally, and no obligation of any Guarantor can be released or waived
by Lender except as provided in Sections 5.6 or 27 of the Credit Agreement. This Guaranty shall be irrevocable by Guarantors until
all indebtedness guaranteed hereby has been completely repaid and all obligations and undertakings of Borrower under, by reason
of, or pursuant to the Note, the Letters of Credit and the Loan Documents have been completely performed and the Lenders have no
further obligation to advance Loans or issue Letters of Credit under the Credit Agreement.

 

13.         Notices.
Each notice, demand, election or request provided for or permitted to be given pursuant to this Guaranty (hereinafter in this Section
13 referred to as “Notice”), but specifically excluding to the maximum extent permitted by law any notices of the institution
or commencement of foreclosure proceedings, must be in writing and shall be deemed to have been properly given or served by personal
delivery or by sending same by overnight courier or by depositing same in the United States Mail, postpaid and registered or certified,
return receipt requested, or as expressly permitted herein, by telecopy and addressed as follows:

 

If to the Agent or KeyBank:

 

KeyBank National Association

127 Public Square

Cleveland, Ohio 44144

Attn: Sara Jo Smith

Email: Sara_Jo_Smith@KeyBank.com

Telecopy No.: (216) 689-5819

 

With a copy to:

 

Dentons US LLP

Suite 5300

303 Peachtree Street, N.E.

Atlanta, Georgia 30308

Attn: William F. Timmons, Esq.

Email: bill.timmons@dentons.com

Telecopy No.: (404) 527-4198

 

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If to the Guarantors:

 

c/o Jernigan Capital Operating Company, LLC

6410 Poplar Avenue

Suite 650

Memphis, Tennessee 38119

Attn: John A. Good and Kelly P. Luttrell

Email: john@jernigancapital.com and Kelly@jernigancapital.com

Telecopy No.: (901) 201-5813

 

With a copy to:

 

Morrison & Foerster LLP

250 W. 55th Street

New York, New York 10019

Attn: Jeffrey J. Temple

Email: JTemple@mofo.com

Telecopy No.: (212) 468-7900

 

Each Notice shall be
effective upon being personally delivered or upon being sent by overnight courier or upon being deposited in the United States
Mail as aforesaid, or if transmitted by telegraph, telecopy, telefax or telex is permitted, upon being sent and confirmation of
receipt. The time period in which a response to such Notice must be given or any action taken with respect thereto (if any), however,
shall commence to run from the date of receipt if personally delivered or sent by overnight courier, or if so deposited in the
United States Mail, the earlier of three (3) Business Days following such deposit or the date of receipt as disclosed on the return
receipt. Rejection or other refusal to accept or the inability to deliver because of changed address for which no notice was given
shall be deemed to be receipt of the Notice sent. By giving at least fifteen (15) days’ prior Notice thereof, Borrower, Guarantors
or Lenders shall have the right from time to time and at any time during the term of this Guaranty to change their respective addresses
and each shall have the right to specify as its address any other address within the United States of America

 

14.         Governing
Law. GUARANTORS ACKNOWLEDGE AND AGREE, PURSUANT TO NEW YORK GENERAL OBLIGATIONS LAW SECTION 5-1401, THAT THIS GUARANTY AND
THE OBLIGATIONS OF GUARANTORS HEREUNDER SHALL BE GOVERNED BY AND INTERPRETED AND DETERMINED IN ACCORDANCE WITH THE LAWS OF THE
STATE OF NEW YORK.

 

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15.         CONSENT
TO JURISDICTION; WAIVERS. EACH GUARANTOR HEREBY IRREVOCABLY AND UNCONDITIONALLY (A) SUBMITS TO PERSONAL JURISDICTION IN THE
STATE OF NEW YORK OVER ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS GUARANTY, AND (B) WAIVES ANY AND ALL PERSONAL
RIGHTS UNDER THE LAWS OF ANY STATE (I) TO THE RIGHT, IF ANY, TO TRIAL BY JURY(LENDER HAVING ALSO WAIVED SUCH RIGHT TO TRIAL BY
JURY), (II) TO OBJECT TO JURISDICTION WITHIN THE STATE OF NEW YORK OR VENUE IN ANY PARTICULAR FORUM WITHIN THE STATE OF NEW YORK,
AND (III) TO THE RIGHT, IF ANY, TO CLAIM OR RECOVER ANY SPECIAL, EXEMPLARY, PUNITIVE OR CONSEQUENTIAL DAMAGES OR ANY DAMAGES OTHER
THAN OR IN ADDITION TO ACTUAL DAMAGES. EACH LENDER IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY AND ALL RIGHTS UNDER THE LAWS OF
ANY STATE TO THE RIGHT, IF ANY, TO TRIAL BY JURY. EACH GUARANTOR AGREES THAT, IN ADDITION TO ANY METHODS OF SERVICE OF PROCESS
PROVIDED FOR UNDER APPLICABLE LAW, ALL SERVICE OF PROCESS IN ANY SUCH SUIT, ACTION OR PROCEEDING MAY BE MADE BY CERTIFIED OR REGISTERED
MAIL, RETURN RECEIPT REQUESTED, DIRECTED TO SUCH GUARANTOR AT THE ADDRESS SET FORTH IN PARAGRAPH 13 ABOVE, AND SERVICE SO MADE
SHALL BE COMPLETE FIVE (5) DAYS AFTER THE SAME SHALL BE SO MAILED. NOTHING CONTAINED HEREIN, HOWEVER, SHALL PREVENT LENDER FROM
BRINGING ANY SUIT, ACTION OR PROCEEDING OR EXERCISING ANY RIGHTS AGAINST ANY SECURITY AND AGAINST ANY GUARANTOR PERSONALLY, AND
AGAINST ANY PROPERTY OF ANY GUARANTOR, WITHIN ANY OTHER STATE. INITIATING SUCH SUIT, ACTION OR PROCEEDING OR TAKING SUCH ACTION
IN ANY STATE SHALL IN NO EVENT CONSTITUTE A WAIVER OF THE AGREEMENT CONTAINED HEREIN THAT THE LAWS OF THE STATE OF NEW YORK SHALL
GOVERN THE RIGHTS AND OBLIGATIONS OF GUARANTORS AND LENDER HEREUNDER OR OF THE SUBMISSION HEREIN MADE BY GUARANTORS TO PERSONAL
JURISDICTION WITHIN THE STATE OF NEW YORK. EACH GUARANTOR HEREBY WAIVES ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE
VENUE OF ANY SUCH SUIT OR ANY SUCH COURT OR THAT SUCH SUIT IS BROUGHT IN AN INCONVENIENT COURT. EACH GUARANTOR CERTIFIES THAT NO
REPRESENTATIVE, AGENT OR ATTORNEY OF ANY LENDER HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH LENDER WOULD NOT, IN THE EVENT
OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVERS AND ACKNOWLEDGE THAT LENDER HAS BEEN INDUCED TO ENTER INTO THIS GUARANTY AND
THE OTHER LOAN DOCUMENTS TO WHICH THEY ARE PARTIES BY, AMONG OTHER THINGS, THE WAIVERS AND CERTIFICATIONS CONTAINED IN THIS PARAGRAPH
15. EACH GUARANTOR ACKNOWLEDGES THAT THEY HAVE HAD AN OPPORTUNITY TO REVIEW THIS PARAGRAPH 15 WITH THEIR LEGAL COUNSEL AND THAT
SUCH GUARANTOR AGREES TO THE FOREGOING AS THEIR FREE, KNOWING AND VOLUNTARY ACT.

 

16.         Successors
and Assigns. The provisions of this Guaranty shall be binding upon Guarantors and their respective heirs, successors, successors
in title, legal representatives, and assigns (and, in the event any Guarantor is a limited liability company and shall undertake
an LLC Division (any such LLC Division being a violation of the Credit Agreement or this Guaranty) shall be deemed to include each
limited liability company resulting from any such LLC Division), and shall inure to the benefit of Lender, its successors, successors
in title, legal representatives and assigns, and the holders of the Hedge Obligations. No Guarantor shall assign or transfer any
of its rights or obligations under this Guaranty (including by way of an LLC Division) without the prior written consent of Lender.

 

17.         Assignment
by Lender. This Guaranty is assignable by Lender in whole or in part in conjunction with any assignment of the Note or portions
thereof, and any assignment hereof or any transfer or assignment of the Note or portions thereof by Lender shall operate to vest
in any such assignee the rights and powers, in whole or in part, as appropriate, herein conferred upon and granted to Lender, subject
to and upon the terms and conditions of the Credit Agreement.

 

    	 	11	 

     

    

 

18.         Severability.
If any term or provision of this Guaranty shall be determined to be illegal or unenforceable, all other terms and provisions hereof
shall nevertheless remain effective and shall be enforced to the fullest extent permitted by law.

 

19.         Disclosure.
Guarantors agree that in addition to disclosures made in accordance with standard banking practices, any Lender may disclose information
obtained by such Lender pursuant to this Guaranty to assignees or participants and potential assignees or participants hereunder
subject to the terms and provisions of the Credit Agreement.

 

20.         No
Unwritten Agreements. THIS GUARANTY REPRESENTS THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE
OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.

 

21.         Time
of the Essence. Time is of the essence with respect to each and every covenant, agreement and obligation of Guarantors under
this Guaranty.

 

22.         Ratification.
Guarantors do hereby restate, reaffirm and ratify each and every warranty and representation regarding Guarantors or their Subsidiaries
set forth in the Credit Agreement as if the same were more fully set forth herein.

 

23.         Joint
and Several Liability. Each of the Guarantors covenants and agrees that each and every covenant and obligation of Guarantors
hereunder shall be the joint and several obligations of each of the Guarantors.

 

24.         Fair
Consideration. The Guarantors represent that the Guarantors are engaged in common business enterprises related to those of
the Borrower and each Guarantor will derive substantial direct or indirect economic benefit from the effectiveness and existence
of the Credit Agreement.

 

25.         Counterparts.
This Guaranty and any amendment hereof may be executed in several counterparts and by each party on a separate counterpart, each
of which when so executed and delivered shall be an original, and all of which together shall constitute one instrument. In proving
this Guaranty it shall not be necessary to produce or account for more than one such counterpart signed by the party against whom
enforcement is sought.

 

26.         Condition
of Borrower. Without reliance on any information supplied by the Lender, each Guarantor has independently taken, and will continue
to take, whatever steps it deems necessary to evaluate the financial condition and affairs of the Borrower or any collateral, and
the Lender shall not have any duty to advise any Guarantor of information at any time known to the Lender regarding such financial
condition or affairs or any collateral.

 

    	 	12	 

     

    

 

27.         Prohibition
on LLC Division. Each Guarantor that is a limited liability company covenants and agrees that it shall not at any time undertake
an LLC Division.

 

28.         Amendment
and Restatement. This First Amended and Restated Unconditional Guaranty of Payment and Performance is given pursuant to the
Credit Agreement and is an amendment and restatement of that certain Unconditional Guaranty of Payment and Performance dated July
25, 2017 from Guarantors in favor of Agent and the Lenders.

 

[CONTINUED ON NEXT PAGE]

 

    	 	13	 

     

    

 

IN WITNESS WHEREOF,
Guarantors have executed this Guaranty under seal as of this 28th day of December, 2018.

 

	 	GUARANTORS:
	 	 
	 	JERNIGAN CAPITAL, INC., a Maryland corporation
	 	 	 	 
	 	 	By:	/s/ Kelly P. Luttrell
	 	 	Name:	Kelly P. Luttrell
	 	 	Title:	Senior Vice President, Chief Financial Officer and Treasurer
	 	 
	 	(SEAL)

 

	 	SUBSIDIARY GUARANTORS:
	 	 
	 	JERNIGAN G-BRICKELL, LLC,
	 	JERNIGAN G-COCONUT GROVE, LLC,
	 	JERNIGAN G-DORAL, LLC,
	 	JERNIGAN G-PEMBROKE PINES, LLC, and 

JERNIGAN G-WEST DORAL, LLC,
	 	each a Delaware limited liability company
	 	 	 
	 	By:	Jernigan Capital Operating Company, LLC, a Delaware limited liability company, its sole member and manager
	 	 	 	 
	 	 	By:	Jernigan Capital, Inc., a Maryland corporation, its managing member
	 	 	 	 	 
	 	 	 	By:	/s/ Kelly P. Luttrell
	 	 	 	Name:	Kelly P. Luttrell
	 	 	 	Title:	Senior Vice President, Chief Financial Officer and Treasurer
	 	 
	 	(SEAL)

 

SIGNATURES CONTINUED ON NEXT PAGE

 

[Signature Page to First Amended and
Restated Unconditional Guaranty of Payment and Performance]

 

     

     

    

 

Lender joins in the
execution of this Guaranty for the sole and limited purpose of evidencing its agreement to waiver of the right to trial by jury
contained in Paragraph 15 hereof and Section 25 of the Credit Agreement.

 

	 	KEYBANK NATIONAL ASSOCIATION,
	 	as Agent for the Lenders
	 	 	 
	 	By:	/s/ Sara Smith
	 	Name:	Sara Smith
	 	Title:	VP

 

[Signature Page to First Amended and
Restated Unconditional Guaranty of Payment and Performance]EX-10.1

 Exhibit 10.1 

EMPLOYMENT AGREEMENT 

THIS EMPLOYMENT AGREEMENT (the “Agreement”) is entered into by and between Sherri
Luther (the “Executive”) and LATTICE SEMICONDUCTOR CORPORATION, a Delaware corporation (the “Company”) as of January 2, 2019 (the “Effective Date”). 

1.    Duties and Scope of Employment. 

(a)    Position. For the term of her employment under this Agreement (“Employment”), the Executive will
serve as the Corporate Vice President—Chief Financial Officer (“CFO”). The Executive shall report directly to the Company’s Chief Executive Officer (the “CEO”). Executive will render such business and professional
services in the performance ofher duties, consistent with the Executive’s position within the Company, as will reasonably be assigned to her by the CEO. 

(b)    Obligations. The Executive shall have such duties, authority and responsibilities that are commensurate with
being the Company’s senior executive officer responsible for the Company’s financial affairs, including financial planning, management of financial risks, accounting, record-keeping, and financial reporting. During the term of her
Employment, the Executive will devote Executive’s full business efforts and time to the Company. For the duration of her Employment, Executive agrees not to actively engage in any other employment, occupation, or consulting activity for any
direct or indirect remuneration without the prior approval of the Board (which approval will not be unreasonably withheld); provided, however, that Executive may, without the approval of the Board, serve in any capacity with any civic, educational,
or charitable organization, provided such services do not interfere with Executive’s obligations to the Company. Executive shall comply at all times with the Company’s Code of Conduct and all other applicable Company policies. Executive
shall perform her duties primarily at the Company’s corporate facility in San Jose, California. 

(c)    Effective Date. The Executive shall commence full-time Employment as CFO under this Agreement on the
Effective Date. 
 2.    Cash and Incentive Compensation. 

(a)    Salary. As of the Effective Date and thereafter, the Company shall pay Executive as compensation for her
services a base salary at a gross annual rate of not less than $345,000 (such annual salary, as is then in effect, to be referred to herein as “Base Salary”). The Base Salary will be paid periodically in accordance with the Company’s
normal payroll practices and be subject to the usual, required withholdings, provided, however, that Executive shall receive pro-rata payments of Base Salary no less frequently than once per month.
Executive’s Base Salary will be subject to review by the Compensation Committee of the Board (the “Committee”) not less than annually, and adjustments will be made in the discretion of the Committee. 

  

			
	Executive Officer Employment Agreement	  	Page 1 of 19

 (b)    Incentive Bonuses. For the Company’s fiscal year 2019
and beyond, Executive shall be a participant in a Cash Incentive Plan as established by the Company (the “CIP”). Under the CIP, Executive shall be eligible to be considered for an annual fiscal year incentive payment based on a percentage
of Executive’s Base Salary as of the beginning of such fiscal year or such higher figure that the Committee may select (such annual amount is the “Target Amount”), provided Executive is employed at the end of the annual fiscal year.
Executive’s initial target percentage amount is 65% of the Executive’s Base Salary (“Initial Target Amount”). The Target Amount shall be awarded based upon the achievement of specific milestones that will be established by the
Committee no later than 60 days after the start of each fiscal year (the “Target Amount Milestones”). For superior achievement of the Target Amount Milestones, as determined in the Company’s sole discretion, Executive may earn a
maximum annual fiscal year incentive bonus of up to 200% of Executive’s Target Amount (or 130% of Executive’s Base Salary). Cash payment for each fiscal year’s variable compensation actually earned shall be made to Executive no later
than 45 days after the end of the applicable fiscal year for which the annual incentive was earned; provided, however, that the Company shall have no obligation to make such payment for a fiscal year until such time as the audit of the
Company’s financial statements for such fiscal year has been completed and the Company has publicly reported its financial results for such fiscal year as long as such payment is made within 70 days of the end of the applicable fiscal year. All
awards of incentive compensation to executive officers of the Company are subject to the Company’s policy (including any amendments or such policy or any successor policy) to seek recovery, at the direction of the Company’s Board of
Directors, to the extent permitted or required by applicable law, of incentive compensation awarded or paid to an executive officer of the Company for a fiscal period if the result of a performance measure upon which the award was based or paid is
subsequently restated or otherwise adjusted in a manner that would reduce the size of the award or payment. 

(c)    Sign-On Bonus. Within thirty days of the Effective Date, Executive
will receive a signing bonus equal to $200,000, less usual, required withholdings (the “Sign-on Bonus”). Based on payment of such sign-on bonus, Executive
shall not receive from the Company any reimbursement of moving expenses that may be incurred by Executive and her family during their relocation from Executive’s primary residence. Executive acknowledges and agrees she will be required to
refund the net (after tax) amount of the Sign-on Bonus to the Company if, within the first twenty-four months following the Effective Date, Executive voluntarily resigns from her position or Executive’s
employment is terminated for Cause. 
 (d)    Terms of Company Compensatory Equity Awards. Executive shall be
eligible for grants of options to purchase shares of the Company’s common stock, restricted stock units, performance shares or other Company equity, pursuant to an applicable stockholder-approved equity compensation plan (the “Plan”)
or in the case of initial grants to the Executive under rules applicable to inducement equity grants, at times and in such amounts as determined by the Committee (any prior or future compensatory equity grants to Executive shall be collectively
referred to herein as “Compensatory Equity”). Initially, the Company will propose to the Board that the Executive be granted, which grants shall be made on the Effective Date: 

(i)    An award with respect to shares of the Company’s common stock with a grant date fair value equal to $950,000,
with the type of award to be restricted stock units, to be granted as of the Effective Date. With respect to the award of restricted stock units, the number of units granted will be equal to $950,000 divided by the average closing price of the
Company’s common stock on NASDAQ over the 30-calendar day period ending on the last day before the Effective Date (the “Average Price”). This grant will be subject to the terms and conditions of
the Plan and the applicable equity grant agreement, and will vest and become exercisable or payable at a rate of 25% of the shares on the first anniversary of the Effective Date and 6.25% quarterly thereafter. 

  

			
	Executive Officer Employment Agreement	  	Page 2 of 19

 (ii)    An award of performance share restricted stock units with a
grant date fair value equal to $950,000. The values of the units to be granted will be determined as of the Effective Date using the Company’s standard valuation model incorporating a Monte-Carlo simulation and the number of units to be granted
will be determined by dividing $950,000 by the determined values. This grants will be subject to the terms and conditions of the Plan or rules applicable to inducement equity grants and the applicable Compensatory Equity agreement, and and will vest
and become payable over a three-year period based upon the total shareholder return (TSR) of the Company relative to the PHLX Semiconductor Sector Index, with 100% of the units vesting at the 50th percentile and a multiplier to 200% of the units
vesting at 75th percentile achievement, zero vesting if relative TSR is below the 25th percentile, and vesting scaling linearly for achievement between the 25th and 75th percentile. One third of the restricted stock units granted under this
Section 2(d) (ii) shall be tested for vesting on each anniversary from the date of grant. 
 All grants of Compensatory Equity (and the issuance
of any underlying shares) to Executive shall be: (i) issued pursuant to the Plan and (ii) issued pursuant to an effective registration statement filed with the Securities and Exchange Commission under the Securities Act of 1933 as amended.
Accelerated vesting of Compensatory Equity may occur: (x) pursuant to the terms of this Agreement and in addition (y) pursuant to the terms of the Plan and any applicable equity grant agreement. Executive may elect to establish a trading
plan in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934 for any of her Compensatory Equity shares, provided, however, that such trading plan must comply with all of the requirements for the
safe harbor under Rule 10b5-1 and must be either (i) approved by the Board (such approval not to be unreasonably withheld) or (ii) approved in accordance with any
Rule 10b5-1 Trading Plan Policy the Company may subsequently implement. 

(e)    Service Definition. For purposes of this Agreement and Executive’s Compensatory Equity,
“Service” shall mean service by the Executive as an employee and/or consultant of the Company (or any subsidiary or parent or affiliated entity of the Company) and/or service by the Executive as a member of the Board. 

3.    Vacation and Employee Benefits. During the term of her Employment, the Executive shall be entitled to
vacation in accordance with the Company’s standard vacation policy. During the term of her Employment, the Executive shall be eligible to participate in any employee benefit plans or arrangements maintained by the Company on no less favorable
terms than for other Company executives, subject in each case to the generally applicable terms and conditions of the plan or arrangement in question and to the determinations of any person or committee administering such plan or arrangement. 

  

			
	Executive Officer Employment Agreement	  	Page 3 of 19

 4.    Business Expenses. During the term of her
Employment, the Executive shall be authorized to incur necessary and reasonable travel, entertainment and other business expenses in connection with her duties hereunder. The Company shall promptly reimburse the Executive for such expenses upon
presentation of appropriate supporting documentation, all in accordance with the Company’s generally applicable policies. The Company shall also timely pay for all of Executive’s reasonable home telecommunications phone and facsimile lines
used for business purposes and reimburse Executive for her actual and reasonable mobile phone costs (in each case, during the term ofher Employment) on a monthly basis. All such payments shall be made by the end of Executive’s next tax year.
The amount eligible for reimbursement in one year will not affect the amount eligible for reimbursement in any other year, and the right to reimbursement is not subject to liquidation or exchange for another benefit. 

5.    Term of Employment. 

(a)    Term of Agreement. This Agreement will commence on the Effective Date and continue for a period of three
(3) years (“Term”), unless earlier terminated as provided herein. If this Agreement is not extended by the Parties, it will terminate at the end of the Term. 

(b)    Basic Rule. The Company may terminate the Executive’s Employment with or without Cause, by giving the
Executive 30 days’ advance notice in writing. Provided, however, where the termination is for Cause constituting events such as fraud, willful violation of insider trading rules, willful violation of conflict of interest policies, willful or
unauthorized use or disclosure of trade secrets or other confidential information or conviction of a felony, the Company may terminate Executive’s Employment effective immediately upon notice. The Executive may terminate her Employment by
giving the Company 30 days’ advance notice in writing. The Executive’s Employment shall terminate automatically in the event of her death. For avoidance of doubt, as Executive is an at-will employee,
as outlined below, the definition of Cause is solely included for purposes of determining entitlement to severance. 

(c)    Employment at Will. The Executive’s Employment with the Company shall be “at will,” meaning
that either the Executive or the Company shall be entitled to terminate the Executive’s employment at any time and for any reason, with or without Cause. This Agreement shall constitute the full and complete agreement between the Executive and
the Company on the “at will” nature of the Executive’s Employment, which may only be changed in an express written agreement signed by the Executive and a member of the Board. 

(d)    Rights Upon Termination. Upon the termination of the Executive’s Employment, the Executive shall be
entitled to the compensation, benefits and reimbursements described in this Agreement for the period ending as of the effective date of the termination (the “Termination Date”). Upon termination of Executive’s Employment for any
reason, the Executive shall receive the following payments on the Termination Date: (i) all unpaid salary, and unpaid vacation accrued (if applicable), through the Termination Date, (ii) any unpaid, but earned and accrued incentive
payments for any completed applicable determination period under the CIP (whether paid quarterly, annually or as might otherwise be established under the CIP) which was to have been paid under the terms of the CIP prior to but has not yet been paid
on the Termination Date and (iii) any unreimbursed business expenses. Executive may also be eligible for other post-Employment payments and benefits as provided in this Agreement. 

  

			
	Executive Officer Employment Agreement	  	Page 4 of 19

 6.    Termination Benefits. 

(a)    Severance Pay. If there is an Involuntary Termination (as defined below) of Executive’s Employment,
then the Company shall pay the Executive an amount equal to 1.0 times Executive’s then Base Salary, plus up to 1.0 times Executive’s then Target Amount ( adjusted pro rata on a monthly basis depending upon the month in which the
Involuntary Termination may occur and for the amount estimated by the Company’s Finance group to be the anticipated Cash Incentive Plan payment percentage based on the performance of the Company anticipated for the applicable fiscal year)
(collectively in the aggregate, the “Cash Severance”). Such Cash Severance shall be made in a single lump sum cash payment to Executive on the effective date of the separation agreement referenced in Section 8(a), provided Executive
executes the separation agreement and general release in favor of the Company, without revocation. Executive shall also be entitled to receive the benefits provided in Sections 6(b) and 6(c) and, if applicable, 6(d). 

(b)    Health Insurance. If Subsection (a) above applies, such that Executive is entitled to Severance Pay,
but subject to applicable law, and if Executive properly and timely elects to continue coverage under the Company’s group health plan pursuant to Section 4980B(f) of the Internal Revenue Code of 1986, as amended (“COBRA”) for
Executive andher eligible covered dependents following the termination of her Employment, then the Company shall reimburse Executive’s monthly premium under COBRA until the earliest of (i) twelve months after the Termination Date,
(ii) the date when Executive commences receiving substantially equivalent health insurance coverage in connection with new employment, or (iii) the date Executive is no longer entitled to COBRA continuation coverage under the
Company’s group health plan. Notwithstanding the foregoing, Company may unilaterally amend this Section 6(b) or eliminate the benefit provided hereunder to the extent it deems necessary to avoid the imposition of excise taxes, penalties or
similar charges on Company or any of its affiliates, including, without limitation, under Section 4980D of the Internal Revenue Code of 1986, as amended (the “Code”). Nothing herein is entitled to warranty or guarantee entitlement to
COBRA and Executive acknowledges and agrees that she shall be solely responsible for paying such premiums as any obligation of the Company hereunder, if any, is to reimburse such premiums to Executive. 

(c)    Equity Vesting. If Subsection (a) above applies, then Executive will be vested only in that number of
shares of Company common stock under all of Executive’s outstanding Compensatory Equity as are actually vested as of the Termination Date according to the terms of such Compensatory Equity arrangements. 

(d)    Effect of Change in Control. If the Company is subject to a Change in Control (as defined below) and
if there is an Involuntary Termination of Executive’s Employment in connection with such Change in Control (it will automatically be deemed to be in connection with the Change in Control if there is an Involuntary Termination during the
period commencing immediately prior to the Change in Control and extending through the date that is 24 months after the Change in Control): (x) Executive shall immediately vest in (and the Company’s right to repurchase, if applicable, shall
lapse immediately as to) all of Executive’s Compensatory Equity including performance shares at their target amount, (y) the amount of the Cash Severance in Section 6(a) shall be increased such that while the Executive shall still
receive 1.0 times Base Salary, she shall receive in addition 1.0 times Target Amount (with no pro ration or other adjustment), and (z) the duration of the subsidized COBRA coverage in Section 6(b) shall continue to be for 12 months.;
provided, however, that Company may unilaterally amend clause (z) of this sentence or eliminate the benefit provided thereunder to the extent it deems necessary to avoid the imposition of excise taxes, penalties or similar charges on Company or
any of its affiliates, including, without limitation, under Section 4980D of the Code. 

  

			
	Executive Officer Employment Agreement	  	Page 5 of 19

 (e)    Excise Tax. Notwithstanding anything herein to the
contrary, in the event that Executive becomes entitled to receive or receives any payment or benefit provided for under this Agreement or under any other plan, agreement, or arrangement with the Company, or from any person whose actions result in a
Change in Control or any person affiliated with the Company or any such person (all such payments and benefits being referred to herein as the “Total Payments”) and it is determined that any of the Total Payments (i) constitute
“parachute payments” within the meaning of Section 280G of the Code and (ii) but for this Subsection (e), would be subject to the excise tax imposed by Section 4999 of the Code, then the Total Payments shall be payable
either (1) in full, or (2) as to such lesser amount which would result in no portion of the Total Payments being subject to excise tax under Section 4999 of the Code, whichever of the foregoing amounts, taking into account the
applicable federal, state and local income taxes and the excise tax imposed by Section 4999, results in the receipt by the Executive on an after-tax basis, of the greatest amount of the Total Payments,
notwithstanding that all or some portion of the Total Payments may be taxable under Section 4999 of the Code. Unless Executive and the Company agree otherwise in writing, the determination of Executive’s excise tax liability, if any, and
the amount, if any, required to be paid under this Subsection (e) will be made in writing by the independent auditors who are primarily used by the Company immediately prior to the Change in Control (the “Accountants”). For purposes
of making the calculations required by this Subsection (e), the Accountants may make reasonable assumptions and approximations concerning applicable taxes and may rely on reasonable, good faith interpretations concerning the application of Sections
280G and 4999 of the Code. Executive and the Company agree to furnish such information and documents as the Accountants may reasonably request in order to make a determination under this Subsection (e). The Company will bear all costs the
Accountants may reasonably incur in connection with any calculations contemplated by this Subsection (e). Any reduction of the Total Payments shall be made first to any payments or benefits that are exempt from the application of Section 409A
of the Code, and thereafter to any payments or benefits that are subject to Section 409A of the Code; provided that in applying this reduction methodology, the reduction shall be made in a manner consistent with the requirements of
Section 409A of the Code, and where more than one of the Total Payments in a category has the same economic cost to Executive and such Total Payments are payable at different times, such Total Payments will be reduced on a pro-rata basis. 
 (f)    Change in Control Definition. For purposes of this
Agreement, “Change in Control” shall mean the occurrence of any of the following events: (i) the consummation of a merger or consolidation of the Company with or into another entity or any other corporate reorganization, if persons
who were not stockholders of the Company immediately prior to such merger, consolidation or other reorganization own immediately after such merger, consolidation or other reorganization more than 50% of the voting power of the outstanding securities
of each of (A) the continuing or surviving entity and (B) any direct or indirect parent corporation of such continuing or surviving entity, (ii) the sale, transfer or other disposition of all or substantially all of the Company’s
assets, or (iii) solely with respect to determining the treatment of Compensatory Equity under the terms of this Agreement, the terms of any applicable definition provided by the Plan and the applicable Compensatory Equity agreement. A
transaction shall not constitute a Change in Control if its sole purpose is to change the state of the Company’s incorporation or to create a holding company that will be owned in substantially the same proportions by the persons who held the
Company’s securities immediately before such transaction. 

  

			
	Executive Officer Employment Agreement	  	Page 6 of 19

 (g)    Cause Definition. For purposes of this Agreement,
“Cause” shall mean (i) Executive’s material breach of this Agreement that is not corrected within a 30 day correction period that begins upon delivery to Executive of a written demand from the Company that describes the basis for
the Company’s belief that Executive has materially breached this Agreement; (ii) any refusal to comply with the reasonable and lawful instructions of the Board; (iii) any willful act of fraud or dishonesty that causes material damage
to the Company; (iv) any willful violation of the Company’s insider trading policy; (v) any willful violation of the Company’s conflict of interest policies; (vi) any willful unauthorized use or disclosure of trade secrets
or other confidential information; or (vii) Executive’s conviction of a felony. 
 The foregoing shall not be deemed an exclusive
list of all acts or omissions that the Company may consider as grounds for the termination of Executive’s Employment, but it is an exclusive list of the acts or omissions that shall be considered “Cause” for entitlement to Severance
Pay. Executive’s employment is at-will, as defined above. 
 (h)    Good
Reason Definition. For all purposes under this Agreement, “Good Reason” shall mean the occurrence of any of the following, without Executive’s express written consent: (i) a material diminution of Executive’s duties or
responsibilities; (ii) a material diminution Executive’s Base Salary or Target Amount other than a one-time reduction (not exceeding 10% in the aggregate) that also is applied to substantially all
other executive officers of the Company on the Board’s approval if Executive’s reduction is substantially proportionate to, or no greater than (on a percentage basis), the reduction applied to substantially all other executive officers;
(iii) the Company’s material breach of this Agreement; or (iv) the Company requiring Executive to relocate her primary place of employment to a facility or location that is more than 50 miles fromher principal place of employment as
of the Effective Date; provided, however, that Executive will only have Good Reason if (i) she notifies the Board in writing of the existence of the condition which she believes constitutes Good Reason within ninety (90) days of the
initial existence of such condition (which notice specifically identifies such condition), (ii) Company fails to remedy such condition within thirty (30) days after the date on which the Board receives such notice (the “Remedial
Period”), and (iii) her resignation is effective within thirty (30) days after the expiration of the Remedial Period. 

(i)    Involuntary Termination Definition. For all purposes under this Agreement, “Involuntary
Termination” shall mean any of the following that occur without Executive’s prior written consent: (i) termination of Executive’s Employment by the Company without Cause, or (ii) Executive’s resignation of Employment
for Good Reason. 
 7.    Successors. 

(a)    Company’s Successors. This Agreement shall be binding upon any successor (whether direct or indirect
and whether by purchase, lease, merger, consolidation, liquidation or otherwise) to all or substantially all of the Company’s business and/or assets. For all purposes under this Agreement, the term “Company” shall include any
successor to the Company’s business and/or assets which becomes bound by this Agreement. 

  

			
	Executive Officer Employment Agreement	  	Page 7 of 19

 (b)    Executive’s Successors. This Agreement and all rights
of the Executive hereunder shall inure to the benefit of, and be enforceable by, the Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. 

8.    Conditions to Receipt of Severance; No Duty to Mitigate. 

(a)    Separation Agreement and Release of Claims. The receipt of any severance benefits pursuant to Section 6
will be subject to Executive signing and not revoking a separation agreement and release of claims in substantially the form attached hereto as Exhibit A, but with any appropriate modifications, reflecting changes in
applicable law or other considerations (e.g., number of days to consider such release), as are necessary or appropriate to provide the Company with the protection it would have if the release were executed as of the Effective Date. No severance
benefits will be paid or provided until the separation agreement and release agreement becomes effective. The separation agreement and release of claims must in all cases be effective by the 60th
day following Executive’s termination of Employment (or such earlier date as is provided in the release) or no severance benefits will be paid or provided under this Agreement. Notwithstanding anything herein to the contrary if the maximum
period during which Executive can consider and revoke the release begins in one calendar year and ends in the subsequent calendar year, payment and provision of severance benefits under this Agreement shall not be made or commence to be made until
the later of the effective date of the release and the first business day of the subsequent calendar year, regardless of when the release becomes effective. 

(b)    Non-solicitation. The receipt of any severance benefits will be
subject to the Executive agreeing that during Employment and for the 12 month period after the Termination Date (the “Continuance Period”), the Executive will not (i) solicit any employee of the Company for employment other than at
the Company, or (ii) in light of Executive’s access to confidential and proprietary information of the Company, solicit any customer, vendor, supplier, independent contractor or others having a business relationship with the Company that
has the effect or purpose of decreasing or taking away the business or relationship with the Company. “Company” in this Section 8 refers to the Company and its subsidiaries. 

(c)    Non-disparagement. During Employment and the Continuance Period, the
Executive will not knowingly publicly disparage, criticize, or otherwise make any derogatory statements regarding the Company, its directors, or its officers. The Company’s then and future directors will not knowingly publicly disparage,
criticize, or otherwise make any derogatory statements regarding the Executive duringher Employment or the Continuance Period. The Company will also instruct its officers to not knowingly publicly disparage, criticize, or otherwise make any
derogatory statements regarding the Executive during her Employment or the Continuance Period. Notwithstanding the foregoing, nothing contained in this Agreement will be deemed to restrict the Executive, the Company or any of the Company’s
current or former officers and/or directors from providing information to any governmental or regulatory agency (or in any way limit the content of such information) to the extent they are requested or required to provide such information pursuant
to any applicable law or regulation. Further, nothing contained in this Agreement will be deemed to restrict Executive, the Company or any of the Company’s current or former officers and/or directors from communicating or filing a complaint
with any government agency or otherwise participating in any investigation or proceeding that may be conducted by any government agency, including providing documents or other information, without notice to the Company. 

  

			
	Executive Officer Employment Agreement	  	Page 8 of 19

 (d)    No Duty to Mitigate. No payments or benefits provided to
Executive (except as expressly provided in Section 6(b)) shall be subject to mitigation or offset. 

9.    Miscellaneous Provisions. 

(a)    Indemnification. The Company shall indemnify Executive to the maximum extent permitted by any applicable
indemnification agreement, applicable law and the Company’s bylaws with respect to Executive’s Service (including timely advancing and/or reimbursing costs as incurred by Executive) and the Executive shall also be covered under a directors
and officers liability insurance policy(ies) paid for by the Company. 
 (b)    Notice. Notices and all other
communications contemplated by this Agreement shall be in writing and shall be deemed to have been duly given when personally delivered or when mailed by overnight courier, U.S. registered or certified mail, return receipt requested and postage
prepaid. In the case of the Executive, mailed notices shall be addressed to her at the home address that she most recently communicated to the Company in writing. In the case of the Company, mailed notices shall be addressed to its corporate
headquarters, and all notices shall be directed to the attention of its General Counsel. 
 (c)    Arbitration.
With the exception of any claims for workers compensation, unemployment insurance, claims before any governmental administrative agencies as required by applicable law, or claims related to the National Labor Relations Act, any controversy relating
to this Agreement or the Executive’s employment, including any dispute or controversy arising out of or relating to any interpretation, construction, performance or breach of this Employment Agreement, or the Proprietary Rights Agreement,
including, without limitation, employment claims, breach of contract claims, tort claims, wrongful termination claims, discrimination/harassment claims, claims for unpaid wages or other amounts, including pursuant to the California Labor Code, or
any disputes related to this Arbitration provision (including its creation, terms, and enforceability), shall be settled by Company and Executive by binding arbitration. The arbitration proceeding will be administered by JAMS pursuant to its
Employment Arbitration Rules & Procedures in effect as of the date the arbitration is initiated. The arbitrator shall have the authority to determine the enforceability of this Agreement as well as whether a claim is arbitrable, both of
which shall be decided under the Federal Arbitration Act. A copy of the JAMS Employment Arbitration Rules & Procedures is available online at http://www.jamsadr.com/rules-employment-arbitration and also by calling JAMS at 213-620-1133 if you have questions about the arbitration process. This Arbitration policy, any arbitration proceedings held pursuant to this Arbitration policy, and any state
court, federal court, or other proceeding concerning arbitration under this Arbitration policy are expressly subject to and governed by the Federal Arbitration Act, 9 U.S.C. § 1 et seq. (“FAA”). Such arbitration shall be presided over
by a single arbitrator in San Francisco Bay Area, California. The Company shall bear all costs uniquely associated with the arbitration process, including the arbitrator’s fees, where required by applicable law. The arbitrator shall have the
authority to award any damages authorized by law. This agreement to arbitrate shall apply to both the Company and Executive. The parties understand that they are giving up their right to a trial in a court of law. 

  

			
	Executive Officer Employment Agreement	  	Page 9 of 19

 (d)    Modifications and Waivers. No provision of this Agreement
shall be modified, waived or discharged unless the modification, waiver or discharge is agreed to in writing and signed by the Executive and by an authorized officer of the Company (other than the Executive). No waiver by either party of any breach
of, or of compliance with, any condition or provision of this Agreement by the other party shall be considered a waiver of any other condition or provision or of the same condition or provision at another time. 

(e)    Whole Agreement. This Agreement contains the entire understanding of the parties with respect to the subject
matter hereof and supersedes any other agreements, representations or understandings (whether oral or written and whether express or implied) with respect to the subject matter hereof. In the event of any conflict in terms between this Agreement
and/or the Plan and/or any agreement executed by and between Executive and the Company, the terms of this Agreement shall prevail and govern. 

(f)    Legal Fees. Each party shall pay its own legal fees and expenses incurred in connection with the preparation
and execution of this Agreement. 
 (g)    Withholding Taxes. All payments made under this Agreement shall be
subject to reduction to reflect taxes or other charges required to be withheld by law. 
 (h)    Choice of Law.
The validity, interpretation, construction and performance of this Agreement shall be governed by the laws of the State of California (except their provisions governing the choice of law). 

(i)    Severability. The invalidity or unenforceability of any provision or provisions of this Agreement shall not
affect the validity or enforceability of any other provision hereof, which shall remain in full force and effect. 

(j)    Code Section 409A. The parties intend that this Agreement and the payments and benefits
provided hereunder, including, without limitation, those provided pursuant to Section 6 hereof, be exempt from the requirements of Section 409A of the Code (“Section 409A”) to the maximum extent possible, whether pursuant to
the short-term deferral exception described in Treasury Regulation Section 1.409A-1(b)(4), the involuntary separation pay plan exception described in Treasury Regulation
Section 1.409A-1(b)(9)(iii), or otherwise. To the extent Section 409A is applicable to this Agreement, the parties intend that this Agreement and any payments and benefits thereunder comply with the
deferral, payout and other limitations and restrictions imposed under Section 409A. Notwithstanding anything herein to the contrary, this Agreement shall be interpreted, operated and administered in a manner consistent with such intentions;
provided, however that in no event shall the Company or any of its parents, subsidiaries or affiliates be liable to Executive or any other person for any additional tax, interest or penalty that may be imposed on Executive or any other person under,
or as a result of, Section 409A or for any damages incurred by Executive or any other person as a result of this Agreement’s (or the payments’ or benefits’ provided hereunder) failure to comply with, or be exempt from,
Section 409A. Without limiting the generality of the foregoing, and notwithstanding any other provision of this Agreement to the contrary (other than the proviso in the immediately preceding sentence): 

  

			
	Executive Officer Employment Agreement	  	Page 10 of 19

 (i)    if at the time Executive’s employment hereunder terminates,
Executive is a “specified employee,” as defined in Section 409A(a)(2)(B)(i) of the Code, any and all amounts payable under this Agreement on account of such termination of employment that would (but for this provision) be payable
within six (6) months following the date of termination, shall instead be paid in a lump sum on the first day of the seventh month following the date on which Executive’s employment terminates or, if earlier, upon Executive’s death,
except (i) to the extent of amounts that do not constitute a deferral of compensation within the meaning of Treasury Regulation Section 1.409A-1(b) (including without limitation by reason of the safe
harbor set forth in Treasury Regulation Section 1.409A-1(b)(9)(iii), as determined by the Company in its reasonable good faith discretion); (ii) benefits which qualify as excepted welfare benefits
pursuant to Treasury Regulation Section 1.409A 1(a)(5); and (iii) other amounts or benefits that are not subject to the requirements of Section 409A; 

(ii)    a termination of employment shall not be deemed to have occurred for purposes of any provision of this Agreement
providing for the payment of amounts or benefits upon or following a termination of employment unless such termination is also a “separation from service,” as defined in Treasury Regulation
Section 1.409A-1(h) after giving effect to the presumptions contained therein, and, for purposes of any such provision of this Agreement, references to a “terminate,” “termination,”
“termination of employment,” “resignation” and like terms shall mean separation from service; and 

(iii)    each payment made under this Agreement shall be treated as a separate payment and the right to a series of
installment payments under this Agreement shall be treated as a right to a series of separate payments. 
 (k)    No
Assignment. This Agreement and all rights and obligations of the Executive hereunder are personal to the Executive and may not be transferred or assigned by the Executive at any time. The Company may assign its rights under this Agreement to any
entity that expressly in writing assumes the Company’s obligations hereunder in connection with any sale or transfer of all or substantially all of the Company’s assets to such entity. 

(l)    Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an
original, but all of which together shall constitute one and the same instrument. 

  

			
	Executive Officer Employment Agreement	  	Page 11 of 19

 IN WITNESS WHEREOF, each of the parties has executed this Agreement, in the case of
the Company by its duly authorized officer, as of the Effective Date. 
  

	
	
	/s/ Sherri Luther
	Sherri Luther

  

			
	LATTICE SEMICONDUCTOR CORPORATION
		
	By:	 	/s/ Jim Anderson

 
			
		
	Name:	 	Jim Anderson

 
			
		
	Title:	 	President, Chief Executive Officer

  

			
	Executive Officer Employment Agreement	  	Page 12 of 19

 EXHIBIT A 

GENERAL RELEASE 

RECITALS 
 This Separation Agreement
and Release (“Agreement”) is made by and between ______________________ (“Employee”) and Lattice Semiconductor Corporation (the “Company”) (jointly referred to as the “Parties”): 

WHEREAS, Employee is employed by the Company; 

WHEREAS, the Company and Employee entered into an Employment Agreement dated _______________ (the “Employment Agreement”); 

WHEREAS, the Parties agree that Employee’s employment with the Company will terminate on ________________ (the “Termination
Date”); 
 WHEREAS, the Company and Employee entered into a Proprietary Rights Agreement dated [__________] regarding intellectual
property and confidential information (the “Proprietary Rights Agreement”); 
 WHEREAS, the Company and Employee entered into an
Indemnification Agreement, dated [_______], regarding Employee’s rights to indemnification (the “Indemnification Agreement”); 

WHEREAS, the Company and Employee entered into Equity Agreements dated [____] granting Employee the option to purchase shares of the
Company’s common stock subject to the terms and conditions of the Company’s Stock Option Plan(s) and the Stock Option Agreements and is the grantee of restricted stock units and performance shares representing shares of the Company’s
common stock pursuant to the terms of Notice(s) of Grant and related equity incentive plans (the “Equity Agreements”); 
 WHEREAS,
the Parties wish to resolve any and all disputes, claims, complaints, grievances, charges, actions, petitions and demands that Employee may have against the Company as defined herein, arising out of, or related to, Employee’s employment with,
or separation from, the Company; 
 NOW THEREFORE, in consideration of the promises made herein, the Parties hereby agree as follows: 

  

			
	Exhibit A (Exec Off Emp Agmt)	  	Page 13 of 19

 COVENANTS 

1.    Consideration. 

(a)    Pursuant to Section 8(a) of the Employment Agreement, Employee’s receipt of severance is subject to
Employee executing and not revoking this Release. In consideration of Employee executing and not revoking this Release, the Company agrees to pay (or provide, as applicable) Employee a cash payment of $_________ on the Effective Date and also the
benefits specified in the Employment Agreement. Employee acknowledges that such cash payment and the provision of such benefits will be in full satisfaction of the payments and obligations provided under the Employment Agreement and she will not be
entitled to any additional salary, wages, bonuses, accrued vacation, housing allowances, relocation costs, interest, severance, stock, stock options, outplacement costs, fees, commissions or any other benefits and compensation, except as provided in
any Company employee welfare or pension benefit plans as defined by the Employee Retirement Income Security Act of 1974, as amended (“ERISA”) (such plans, the “Benefit Plans”), this Agreement, the Indemnification Agreement, the
Deferred Compensation Plan and/or the Equity Agreements. 
 (b)    Stock. Employee acknowledges that as of the
Termination Date, and after taking into account any accelerated vesting provided by the Employment Agreement or Stock Agreements, she will then hold vested stock options to acquire [______] shares of Company common stock and no more, and will hold
vested restricted stock units that will be settled for [______] shares of Company common stock and no more. The exercise of any stock options and the settlement of any restricted stock units shall continue to be subject to the terms and conditions
of the Equity Agreements and the Employment Agreement. 
 (c)    Benefits. Employee’s health insurance
benefits will cease on the last day of the month of the Termination Date, subject to Employee’s right to continue her health insurance as provided in the Employment Agreement (with such premiums to be paid by the Company as provided in the
Employment Agreement). Subject to the Employment Agreement, the Deferred Compensation Plan, the Indemnification Agreement, the Equity Agreements and/or the Benefit Plans, Employee’s participation in all other benefits and incidents of
employment (including, but not limited to, the accrual of vacation and paid time off, and the vesting of stock options and restricted stock units) will cease on the Termination Date. 

2.    Confidential Information. Employee shall continue to comply with the terms and
conditions of the Proprietary Rights Agreement, and maintain the confidentiality of all of the Company’s confidential and proprietary information. Employee also shall return to the Company all of the Company’s property, including all
confidential and proprietary information, in Employee’s possession, on or before the Effective Date. 

3.    Release of Claims. Employee agrees that the foregoing consideration represents
settlement in full of all outstanding obligations owed to Employee by the Company. Employee, onher own behalf and on behalf ofher respective heirs, family members, executors, agents, and assigns, hereby fully and forever releases the Company and its
current and former: officers, directors, employees, agents, investors, attorneys, shareholders, administrators, affiliates, divisions, subsidiaries, predecessor and successor corporations and assigns (the “Releasees”) from, and agrees not
to sue any of the Releasees concerning, any claim, duty, obligation or cause of action for monetary damages relating to any matters of any kind arising out of or relating toher employment by the Company (except as provided in the Employment
Agreement), orher service as an officer of the Company and/or a director of the Company, whether presently known or unknown, suspected or unsuspected, that Employee may possess arising from any omissions, acts or facts that have occurred up until
and including the Effective Date, excluding the “Excluded Claims” (as defined below) and including, without limitation: 

(a)    any and all claims relating to or arising from Employee’s employment with the Company, or the termination of
that employment; 

  

			
	Exhibit A (Exec Off Emp Agmt)	  	Page 14 of 19

 (b)    any and all claims relating to, or arising from, Employee’s
right to purchase, or actual purchase of, shares of Company stock, including, but not limited to, any claims for fraud, misrepresentation, breach of fiduciary duty, breach of duty under applicable state corporate law, and securities fraud under any
state or federal law; 
 (c)    any and all claims under the law of any jurisdiction, including, but not limited to,
wrongful discharge of employment; constructive discharge from employment; termination in violation of public policy; discrimination; breach of contract, both express and implied; breach of a covenant of good faith and fair dealing, both express and
implied; promissory estoppel; negligent or intentional infliction of emotional distress; negligent or intentional misrepresentation; negligent or intentional interference with contract or prospective economic advantage; unfair business practices;
defamation; libel; slander; negligence; personal injury; assault; battery; invasion of privacy; false imprisonment; and conversion; 

(d)    any and all claims for violation of any federal, state or municipal statute, including, but not limited to, Title
VII of the Civil Rights Act of 1964; the Civil Rights Act of 1991; the Age Discrimination in Employment Act of 1967; the Americans with Disabilities Act of 1990; the Fair Labor Standards Act; ERISA; the Worker Adjustment and Retraining Notification
Act; the Older Workers Benefit Protection Act; the Family and Medical Leave Act; and the Fair Credit Reporting Act; 

(e)    any and all claims for violation of the federal, or any state, constitution; 

(f)    any and all claims arising out of any other laws and regulations relating to employment or employment
discrimination; and 
 (g)    any and all claims for attorney fees and costs. 

For purposes of this Agreement, the “Excluded Claims” shall include any claims pursuant to the Benefit Plans, the Deferred Compensation Plan, the
Indemnification Agreement, the non-disparagement clause of Section 8(c) of the Employment Agreement, the right to indemnification under Section 9(a) of the Employment Agreement, and any right to
exercise stock options or receive restricted stock units pursuant to the relevant provisions of the Equity Agreements. 

  

			
	Exhibit A (Exec Off Emp Agmt)	  	Page 15 of 19

 4.    Acknowledgement of Waiver of Claims Under
ADEA. Employee acknowledges that she is waiving and releasing any rights she may have against the Releasees for monetary damages under the Age Discrimination in Employment Act of 1967 (“ADEA”) and that this waiver and
release is knowing and voluntary. Employee and the Company agree that this waiver and release does not apply to any rights or claims that may arise under the ADEA after the Effective Date. Employee acknowledges that the consideration given for this
waiver and release Agreement is in addition to anything of value to which Employee was already entitled. Employee further acknowledges that she has been advised by this writing that: 

(a)    she should consult with an attorney prior to executing this Release; 

(b)    she has up to twenty-one (21) days within which to consider this
Release; 
 (c)    she has seven (7) days following her execution of this Release to revoke this Release; 

(d)    this ADEA waiver shall not be effective until the revocation period has expired; and, 

(e)    nothing in this Release prevents or precludes Employee from challenging or seeking a determination in good faith of
the validity of this waiver under the ADEA, nor does it impose any condition precedent, penalties or costs for doing so, unless specifically authorized by federal law. 

5.    Unknown Claims. Employee acknowledges that she has been advised by legal counsel and are
familiar with the principle that a general release does not extend to claims which the releasor does not know or suspect to exist inher favor at the time of executing the Release, which if known by him must have materially affectedher settlement
with the Releasee. Employee, being aware of said principle, agrees to expressly waive any rights Employee may have to that effect, as well as under any other statute or common law principles of similar effect. For avoidance of doubt, it is a
condition hereof, and it is Employee’s intention in the execution of the General Release herein that the same shall be effective as a bar to each and every claim specified above, and in furtherance of this intention, Employee hereby expressly
waives any and all rights and benefits conferred upon him by Section 1542 of the California Civil Code which provides: A general release does not extend to claims which the creditor does not know or suspect to exist in his or her favor at the
time of executing the Release, which if known by him or her must have materially affected his or her settlement with the debtor. 
 Employee agrees to waive
the right to receive future monetary recovery directly from the Company, including Company payments that result from any complaints or charges that Employee files with any governmental agency or that are filed onher behalf. 

6.    Application for Employment. Employee understands and agrees that, as a condition of this
Release, she shall not be entitled to any employment with the Company, its subsidiaries, or any successor, and she hereby waives any alleged right of employment or re-employment with the Company, its
subsidiaries or related companies, or any successor. 

  

			
	Exhibit A (Exec Off Emp Agmt)	  	Page 16 of 19

 7.    No Cooperation. Employee agrees that
she will not knowingly counsel or assist any attorneys or their clients in the presentation or prosecution of any disputes, differences, grievances, claims, charges, or complaints by any third party against any of the Releasees for monetary damages,
unless requested by a governmental agency or unless under a subpoena or other court order to do so. Employee agrees both to immediately notify the Company upon receipt of any such subpoena or court order, and to furnish, within three
(3) business days of its receipt, a copy of such subpoena or court order to the Company. If otherwise approached by anyone for counsel or assistance in the presentation or prosecution of any disputes, differences, grievances, claims, charges,
or complaints against any of the Releasees, Employee shall state no more than that she cannot provide such counsel or assistance. Nothing in this Agreement is intended to or will be used in any way to limit Employee’s right to communicate with
a government agency, as provided for, protected under or warranted under applicable law. 

8.    Costs. The Parties shall each bear their own costs, expert fees, attorney fees and other
fees incurred in connection with the preparation of this Release. 
 9.    Arbitration. The
Parties agree that any and all disputes arising out of, or relating to, the terms of this Release, their interpretation, and any of the matters herein released, shall be subject to binding arbitration as described in Section 9(c) of the
Employment Agreement. 
 10.    No Representations. Each Party represents that it has had
the opportunity to consult with an attorney, and has carefully read and understands the scope and effect of the provisions of this Release. Neither Party has relied upon any representations or statements made by the other Party hereto which are not
specifically set forth in this Release. 
 11.    No Oral Modification. Any modification or
amendment of this Release, or additional obligation assumed by either Party in connection with this Release, shall be effective only if placed in writing and signed by both Parties or their authorized representatives. 

12.    Entire Agreement. This Release, the Employment Agreement, the Indemnification
Agreement, the Deferred Compensation Plan, the Benefit Plans, the Proprietary Rights Agreement and the Equity Agreements represent the entire agreement and understanding between the Company and Employee concerning the subject matter of this Release
and Employee’s relationship with the Company, and supersede and replace any and all prior agreements and understandings between the Parties concerning the subject matter of this Release and Employee’s relationship with the Company. 

13.    Governing Law. This Release shall be governed by the laws of the State of California,
without regard for choice of law provisions. 
 14.    Effective Date. This Release is only
effective after it has been signed by both parties and after eight (8) days have passed following the date Employee signed the Agreement without Employee revoking this Agreement (the “Effective Date”). 

15.    Voluntary Execution of Release. This Release is executed voluntarily and with the full
intent of releasing all claims, and without any duress or undue influence by any of the Parties. The Parties acknowledge that: 

(a)    They have read this Release; 

  

			
	Exhibit A (Exec Off Emp Agmt)	  	Page 17 of 19

 (b)    They have been represented in the preparation, negotiation, and
execution of this Release by legal counsel of their own choice or that they have voluntarily declined to seek such counsel; 

(c)    They understand the terms and consequences of this Release and of the releases it contains; and 

(d)    They are fully aware of the legal and binding effect of this Release. 

  

			
	Exhibit A (Exec Off Emp Agmt)	  	Page 18 of 19

 IN WITNESS WHEREOF, each of the Parties has executed this Release, in the case of the Company by a duly
authorized officer, as of the day and year written below. 
 COMPANY: 

LATTICE SEMICONDUCTOR CORPORATION 
  

									
					
	By:	 	 	 		 	Date:	 	 
					
	Title:	 	 	 		 		 	

 EMPLOYEE: 
  

									
					
	 	 	 	 		 	Date:	 	 
	Sherri Luther	 		 		 	

 [DO NOT SIGN PRIOR TO THE TERMINATION DATE] 

  

			
	Exhibit A (Exec Off Emp Agmt)

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