Document:

Lease dated July 14, 2006

 Exhibit 10.18 
 [IMAGE - GOVERNMENT OF KARNATAKA REGISTRATION STAMP Rs. 100] 
 LEASE AGREEMENT 
 This AGREEMENT TO LEASE (hereinafter called “Agreement”) is executed at Bangalore on the 14th day of July 2006 at Bangalore. 
 BYIBC Knowledge Park Pvt. Ltd., a Company Registered under the Indian Companies Act, 1956, having its office at
“Diamond District Penthouse (B9) Corporate Tower B, 150, Airport Road, Bangalore – 560 008, represented by its Managing Director, Mr. Yunus Zia, authorized under Board Resolution dated 24th July 2003, hereinafter called the LESSOR (which expression shall, unless repugnant to the context, mean and include, successors, administrators and
assigns) of the FIRST PART. 
 BETWEEN 
 SiRF Technology (India) Private Limited, a Company registered under the Indian Companies Act, 1956, having its registered office at, 309, Kale Ram Chamber, #2, East Guru Angad Nagat, Delhi – 110 092 India which
is the wholly owned subsidiary of SiRF Technology Holdings Inc., #148, East Brokaw Road, San Jose, CA 95112, USA, represented by its Managing Director, Ashutosh Pande, authorized under Board Resolution dated 14th July 2006, hereinafter called the LESSEE (which expression shall, unless repugnant to the context, mean and include, successors, administrators
and assigns) of the OTHER PART. 
 The LESSOR and the LESSEE are collectively referred to as the “Parties” and individually as a “Party”.

 THIS AGREEMENT TO LEASE WITNESSETH AS FOLLOWS: 
 WHEREAS Impulsesoft Private Limited had entered and executed a Letter of Intent dated May 2nd 2006 with the LESSOR herein and later entered and executed a Lease agreement dated June 16, 2006 with the LESSOR herein
for Lease of the Schedule ‘B’ Property for a period of five (5) years. Subsequently the LESSEE herein has taken over the said Impulsesoft Private Limited through 100% share purchase. Hence this Agreement of Lease is entered into
between the LESSOR and the LESSEE. 
  

			
	For IBC Knowledge Park Pvt. Ltd.	  	SiRF Technology (India) Pvt. Ltd.
		
	 /s/ Yunus Zia
	  	 /s/ Ashutosh Pande

	Director	  	Director

  

 1 

 [IMAGE - GOVERNMENT OF KARNATAKA REGISTRATION STAMP Rs. 100] 
 WHEREAS the immovable property bearing No.4/1, Bannerghatta Road, having an extent of 13 Acres 13 Guntas, approximately 53,974.73 sq.mts. is absolutely owned by
Bangalore Housing Development and Investments (BHDI) having purchased the same under a registered Sale Deed dated 29th September, 1986 and registered with the Sub Registrar of Assurances as Document No.1406 / 86-87 in Book No. I, Volume 1033
Page 147/160, and an error in the said Sale Deed was rectified in terms of a Rectification Deed dated 02/03/2001 registered as Document No.4641/2000-2001 in Book-I, Volume-2338 at Pages 61 to 64 in the Office of the Sub-Registrar, Jayanagar,
Bangalore, the said property is more fully described in the Schedule enclosed to this Agreement and hereinafter for the sake of brevity called SCHEDULE ‘A’ PROPERTY. 
 WHEREAS the aforesaid BHDI subsequent to acquisition of the Schedule A Property is in peaceful possession of the same and is paying the property tax regularly and is entitled to deal with the same as it deems fit.

 WHEREAS BHDI entrusted the Schedule ‘A’ Property consisting of vacant land to the Builder above named in terms of a Development Agreement dated
01/07/2002 read with a Registered Power of Attorney issued in favour of the Managing Director of the LESSOR on 03/07/2002, which was registered duly with the Sub-Registrar, Jayanagar, Bangalore, as Document No.117 in Book-IV and stored in C.D.No.14
in which BHDI have authorized the attorney to do all necessary things connected with Development of the Schedule ‘A’ Property mentioned herein and further to put up construction over the same after obtaining necessary approvals, sanctions
from the statutory authorities. 
 WHEREAS subsequently BHDI to confirm the above matter has executed a Registered Development Agreement dated
26th December 2003 with the LESSOR herein which is registered as Document No.5167/2003-2004 in Book-I and stored in C.D.No.JAYD4, in the Office of the Sub-Registrar, Jayanagar, Bangalore, on such terms and conditions agreed between them and
most specifically authorizing the LESSOR to develop the same and construct thereon the multistoried commercial space comprising of several blocks of buildings after obtaining necessary sanctions and approvals from Bangalore Mahanagara Palike and
other Statutory Authorities. 
  

			
	For IBC Knowledge Park Pvt. Ltd.	  	SiRF Technology (India) Pvt. Ltd.
		
	 /s/ Yunus Zia
	  	 /s/ Ashutosh Pande

	Director	  	Director

  

 2 

 [IMAGE - GOVERNMENT OF KARNATAKA REGISTRATION STAMP Rs. 100] 
 WHEREAS the LESSOR who is having experience in the field of development and construction of multistoried building in and around Bangalore has agreed under the aforesaid
Development Agreement executed with BHDI to develop Schedule A Property and construct commercial office spaces, car parks, after obtaining sanctions and approvals and further in accordance with the said agreement, the LESSOR has agreed to deliver
31% of the super built up area together with the car park areas, terrace areas, and also the proportionate rights and ownership in the undivided share in the Schedule A Property which is identified with the said percentage of super built up area to
BHDI. 
 WHEREAS the LESSOR in consideration of delivery of 31% of the super built up area together with the car park areas, terrace areas, and also the
proportionate rights and ownership in the undivided share in the Schedule A Property is entitled to retain the balance 69% of the constructed area with car park areas, terrace areas, and also the proportionate rights and ownership in the undivided
share in the Schedule A Property. 
 WHEREAS subsequently the aforesaid BHDI has issued a certificate dated 17th September 2005 confirming that 31% of
super built up has been identified in Tower A and Tower B devolving to its share on its compliance as per the terms of the Registered Joint Development Agreement dated 26th December 2003 and further BHDI has confirmed that the balance 69% of
the constructed area devolving to IBC Knowledge Park Pvt. Ltd., together with car park area, terrace areas and also the proportionate rights and ownership in the undivided share in the Schedule A Property. 
 WHEREAS the LESSOR in pursuance of the aforesaid development agreement and the Power of Attorney has obtained at its cost and expenses necessary sanction of plan for
putting up the construction from Bangalore Mahanagara Palike Vide L.P.No.324/2000-2001, dated 14th August 2002 and has commenced construction over the SCHEDULE A PROPERTY and completed a portion of the same in the building complex popularly
known as “IBC KNOWLEDGE PARK”. 
  

			
	For IBC Knowledge Park Pvt. Ltd.	  	SiRF Technology (India) Pvt. Ltd.
		
	 /s/ Yunus Zia
	  	 /s/ Ashutosh Pande

	Director	  	Director

  

 3 

 [IMAGE - GOVERNMENT OF KARNATAKA REGISTRATION STAMP Rs. 100] 
 WHEREAS the BHDI and the LESSOR have earmarked their share of the aforesaid area and accordingly LESSOR represents that the Block C comprising of Two Basement + Ground
+13 upper floors with basement car parks together with the proportionate right in undivided share in land and rights in common area have devolved to the share of the LESSOR and is entitled to deal with same as it deems fit and BHDI has issued its no
objections for the LESSOR in respect of the same. 
 WHEREAS the LESSEE who is engaged in the business of carrying on software business has identified Level
9 Office (10th Floor) measuring 26,223 Sq.Ft. in Block C Building, of IBC Knowledge Park being constructed over the Schedule A Property, which for the sake of brevity herein called SCHEDULE B PROPERTY for the purpose of locating its office and
accordingly has requested the LESSOR to give on lease the aforesaid office space together with undivided share in land identified with said space and [50] Nos. of Car Park area and right in the common area of the Block C. 
 WHEREAS the LESSOR has agreed to lease out the portion measuring 26,223 sqft more fully described in the Schedule B Property to the LESSEE, being the property allotted
to the LESSOR on the balance 69% of the constructed area with car park areas, terrace areas, and also the proportionate rights and ownership in the undivided share in the Schedule A Property. The LESSOR having accepted the offer of the LESSEE to
lease the aforesaid area on the terms and conditions agreed herein under has come forward in leasing the same in favour of the LESSEE. 
 WHEREAS the Parties
have agreed to reduce their terms and conditions in writing and accordingly execute this Agreement. 
 NOW IN CONSIDERATION OF THE FOREGOING AND MUTUAL
OBLIGATION TO BE PERFORMED BETWEEN THE LESSOR AND THE LESSEE IN RESPECT OF LEASING OF THE SCHEDULE ‘B’ PROPERTY, THE PARTIES DO HEREBY AGREE ON THE FOLLOWING TERMS AND CONDITIONS WHICH SHALL BE ONLY BINDING FOR THE PURPOSE OF THIS LEASE.

  

			
	For IBC Knowledge Park Pvt. Ltd.	  	SiRF Technology (India) Pvt. Ltd.
		
	 /s/ Yunus Zia
	  	 /s/ Ashutosh Pande

	Director	  	Director

  

 4 

 [IMAGE - GOVERNMENT OF KARNATAKA REGISTRATION STAMP Rs. 100] 
 DEFINITION: 
 Unless the context herein otherwise provides, the following
terms shall have the meanings assigned thereto: 
 “Commencement Date” shall mean 21 June, 2006 
  

	1.	UNDERSTANDING OF THE PARTIES: 

 In consideration of
the rent herein reserved and of the covenants on the part of the LESSEE to be performed and observed, the LESSOR hereby agree to grant and lease unto the LESSEE, and the LESSEE hereby agree to take on lease the SCHEDULE B PROPERTY (hereinafter
referred to as Demised Premises) which being the commercial office space measuring 26,223 sqft (subject to actual joint measurement) situated in the Level 9 Office [10th floor] of the building in the manner stated herein below, subject to the
construction is accordance with the sanctioned plan, of Tower C and with 50 Nos. of Car Parks in the surface/basement together with casements, rights and advantages appurtenant thereof and right of use and enjoyment of common areas of Tower C which
is more fully stated in the Schedule to this Agreement, subject to the terms and conditions contained herein. 
 The Lessor shall have the
building which houses the Demised Premises constructed in accordance with specifications listed in Annexurea hereto in accordance with all laws governing construction of the buildings and after duly obtaining sanctions, permissions required there
under. 
 The construction of that portion of the building Level 9 Office (i.e. 10th Floor of the Schedule A Property) which is proposed to be
used as office area, referred to as a “Bare Shell” as defined herein below), is ready and fit for occupation and the LESSEE, its agents/ and specified person/s shall be permitted to carry out the fitting out of the Bare Shell as may be
required by the LESSEE. However it is agreed and confirmed by the parties that such permission granted by the LESSOR shall not construe as delivery of possession to the LESSEE contemplating part performance under the transfer of property act.

  

			
	For IBC Knowledge Park Pvt. Ltd.	  	SiRF Technology (India) Pvt. Ltd.
		
	 /s/ Yunus Zia
	  	 /s/ Ashutosh Pande

	Director	  	Director

  

 5 

 [IMAGE - GOVERNMENT OF KARNATAKA REGISTRATION STAMP Rs. 100] 
 In this Agreement, “Bare Shell’ means- 
  

	 	(a)	concrete structure; 

  

	 	(b)	plastered walls; 

  

	 	(c)	fire retardant fire doors for stair cases, fire detection system and general fire safety compliance of the structure as per NBC norms; 

  

	 	(d)	Power from BESCOM/Captive Power will be provided at one point in the Level 9 Office (i.e. 10th Floor of the Schedule B Property); and 

  

	 	(e)	DG sets for back up power supply for common facilities of Block ‘C’ 

  

	 	(f)	Provision for toilets will be made by the LESSOR and finishes of the same shall be part of interior fit outs by the client at its cost and expenses. 

 Power from BESCOM/Captive Power with DG back up (N+1 formula) will be provided by the Lessor in the Demised Premises as per clause 5.1 mentioned herein
below, 
  

	1.1A.	SCHEDULE OF DELIVERY OF DEMISED PREMISES: 

 The Lessor
shall hand over the Demised Premises on execution of this Agreement to Lease or as per mutual agreement. 
  

	1.1B	PLINTH AREA: 

 [(Actual Plinth Area + (27% of Actual Plinth
Area)) (“The actual plinth area to the super built up area shall be 100 is to 127 i.e. 27 sqft is added to every 100 sqft of plinth area to achieve 78.74% efficiency”) (say 79%). The parties shall carry out a joint measurement of the
Demised Premises prior to the execution of the Lease Deed to ascertain the exact area of the Demised Premises to be taken on lease. 
  

			
	For IBC Knowledge Park Pvt. Ltd.	  	SiRF Technology (India) Pvt. Ltd.
		
	 /s/ Yunus Zia
	  	 /s/ Ashutosh Pande

	Director	  	Director

  

 6 

 [IMAGE - GOVERNMENT OF KARNATAKA REGISTRATION STAMP Rs. 100] 
  

	2)	LEASE DURATION: 

 The parties in good faith agree
that notwithstanding the date on which this Agreement or the subsequent Lease Deed is executed, the lease commencement date shall be 21st June 2006, subject to the LESSOR delivering the Demised Premises to the LESSEE for carrying necessary
works relating to fixtures, fittings and other related works. The date of commencement of lease shall hereinafter be called as “Commencement Date” and the lease shall be for a period of 5 years and shall be in force initially for a period
of 3 (Three) years (Initial Term/Lock-In) save and except escalation in monthly rentals of 18% every 3 (Three) years with effect from the expiry of 3 (Three) years from the Commencement Date and shall be renewed at the option of the LESSEE for 2
(Two) further periods of 3 (Three) Years consecutively by execution of fresh registered Lease Deed at every time of renewal. 
 It is further
agreed by the parties that the LESSEE shall not be entitled during the first term of lease to terminate the same unless there is a breach in the terms of the lease on part of the LESSOR, which has not been rectified with 30 days. 
  

	3.	RENTALS: 

  

	3.1	The monthly lease rent payable by the LESSEE during the first term of three years for lease of Demised Premises shall be Rs.9,44,028/- (Rupees Nine Lakhs Forty Four Thousand and
Twenty Eight Only) per month calculated at the rate of Rs.36/-per Sq. Ft (Rupees Thirty Six Only) for the total area of 26,223 Sq.Ft (subject to actual joint measurement). The monthly lease rent shall be enhanced at the end of three years by 18% to
Rs.11,13,953/- (Rupees Eleven Lakhs Thirteen Thousand, Nine Hundred and Fifty Three Only), subject to the lease being renewed by the LESSEE on expiry of Initial Term of the lease and the said escalated monthly rentals shall be paid by the LESSEE as
hereinafter said. 

  

	3.2	The LESSEE shall pay the said monthly lease rentals to the LESSOR on or before 5th day of each month in advance. 

  

			
	For IBC Knowledge Park Pvt. Ltd.	  	SiRF Technology (India) Pvt. Ltd.
		
	 /s/ Yunus Zia
	  	 /s/ Ashutosh Pande

	Director	  	Director

  

 7 

 [IMAGE - GOVERNMENT OF KARNATAKA REGISTRATION STAMP Rs. 100] 
  

	3.3	RENTALS FOR CAR PARK: The LESSOR shall for the entire Lease term provide the LESSEE 50 earmarked Car Parks space in the basement/surface in the Demised Premises @ Rs.1,750/- per Car
Park slot per month. However, the rent payable for the allotted 50 car parks shall be payable from July 5, 2006. The LESSOR grants the LESSEE the option to take on lease, additional car parks in excess of 50 car parks, subject to the LESSEE
paying a monthly rent of Rs.1,750/- (Rupees one thousand seven hundred fifty Only) per additional car park to the LESSOR. Obligation of providing the additional car park on part of the LESSOR is subject to its availability and the LESSEE making a
written request in this regard by issuing a written notice. The allotted car park under this agreement is enclosed to this Agreement as Annexure 2. 

  

	3.4	The LESSEE shall be entitled to deduct tax at source as per the rates specified under the Income Tax Act, 1961 and other applicable laws and shall issue the Tax Deduction at Source
Certificate to the LESSOR within the period prescribed under the above Act. 

  

	3.5	If the lease is renewed in the manner set out in clause 3.1, the LESSEE shall be entitled to the use of the aforesaid car parks for such additional Lease term as agreed in clause
3.3 subject to payment of monthly lease rentals. 

  

	3.6	All payments under this Agreement shall be made by cheque/bank draft/s payable in Bangalore, in favour of the LESSOR and shall be delivered to the LESSOR at its address mentioned
above in person or by courier/registered post acknowledgement due. The LESSOR shall issue receipts for such payment by the LESSEE. In the event the LESSOR has not for any reason whatsoever received the rentals in respect of any given month within
the period mentioned in the aforesaid Clause 3, the LESSOR shall inform the LESSEE, in writing or in person of such non-receipt, not later than ten (10) days from the date on which such rental was due. The LESSEE shall immediately upon receipt
of such notice forthwith pay the rent for such month together with interest for everyday of delay calculated @ 12% per annum. In the event of non-payment of the monthly lease rent by the LESSEE together with interest for a period of sixty
(60) days in aggregate, in spite of notice having been served by the LESSOR in terms hereof, such non-payment by the LESSEE shall amount to breach of the terms of this Deed of Lease and necessary acts relating to termination of this Deed of
Lease shall follow at the option of the LESSOR as mentioned hereinafter. 

  

			
	For IBC Knowledge Park Pvt. Ltd.	  	SiRF Technology (India) Pvt. Ltd.
		
	 /s/ Yunus Zia
	  	 /s/ Ashutosh Pande

	Director	  	Director

  

 8 

 [IMAGE - GOVERNMENT OF KARNATAKA REGISTRATION STAMP Rs. 100] 
  

	4)	SECURITY DEPOSIT: 

  

	 	1	In consideration of the LESSOR agreeing to grant to the LESSEE, lease of the Demised Premises, and LESSEE in assurance of its due performance in taking delivery of the Demised
Premises completed in the manner stated above and further agreeing to comply with the terms and conditions of this Lease Agreement, Impulsesoft Private Limited has paid the LESSOR herein an interest free refundable security deposit being an amount
of Rs. 1,13,28,336/- (Rupees One Crore Thirteen Lakhs Twenty Eight Thousand Three Hundred and Thirty Six only) (“Security Deposit”) in the following manner 

  

	 	2	Rs.28,63,728/- (Rupees Twenty Eight Lakh Sixty Three Thousand Seven Hundred and Twenty Eight only) on execution of Letter of Intent with Impulsesoft Private Limited.

  

	 	3	Rs.28,21,536/- (Rupees Twenty Eight Lakh Twenty One Thousand Five Hundred and Thirty Six only) on execution of Lease Agreement with Impulsesoft Private Limited.

  

	 	4	Rs.56,43,072/- (Rupees Fifty Six Lakh Forty Three Thousand and Seventy Two only) paid at the time of taking the possession of the premises by Impulsesoft for carrying out interiors
by the Impulsesoft. 

 The LESSOR has issued valid receipt for accepting the Security Deposit. 
 For the purpose of clarity the LESSOR, the LESSEE and Impulsesoft Private Limited acknowledge and agree that the Security Deposit shall be refunded in its entirety to
the LESSEE herein, subject to the LESSEE having made all payments towards monthly rentals, electricity, maintenance, car parking rent, etc., including which remain unpaid by the LESSEE for carrying on its business within the SCHEDULE B PROPERTY to
any statutory authorities, viz., BESCOM, BWSSB, Telephone, Pollution Control Board, Fire Force Department etc. 
  

			
	For IBC Knowledge Park Pvt. Ltd.	  	SiRF Technology (India) Pvt. Ltd.
		
	 /s/ Yunus Zia
	  	 /s/ Ashutosh Pande

	Director	  	Director

  

 9 

 [IMAGE - GOVERNMENT OF KARNATAKA REGISTRATION STAMP Rs. 100] 
 In the event, the LESSOR fails to refund the Security Deposit upon expiry or earlier termination of the lease and simultaneously with the LESSEE surrendering peaceful
vacant physical possession of the Demised Premises, duly debonded with copies of certificates from STPI and Customs, the LESSOR shall be liable to refund the Security Deposit amount together with interest @ 12% per annum to be calculated from
the date the amounts become due till the date of actual refund. Further upon termination of this Agreement or the Lease Deed to be executed pursuant to this Agreement for any reason whatsoever, the LESSEE shall be entitled to peaceful possession of
the Demised Premises, without payment of any Rent or other charges, until the Security Deposit, interest thereon and all other dues to the LESSEE are refunded, in full, by the Lessor. 
 Similarly, in the event LESSEE fails to handover the Schedule Property duly debonded on expiration or earlier proper termination of the Term on LESSOR notifying LESSEE of LESSOR’s readiness to refund the Security
Deposit, after adjusting any lawful deductions i.e. Rent, maintenance, electrical charges, LESSOR shall be entitled to twice the amount of daily Rent for every day of delay in handing over possession of the Schedule Property. However, the Lessor
reserves the right to receive rent till the date of debonding of the Demised Premises and further be compensated for the damages and losses incurred at the time of removal of the LESSEE’S equipments except normal wear and tear. 
  

	5)	COVENANTS OF THE LESSEE: 

  

	5.1	ELECTRICITY CHARGES: 

 The LESSOR agrees and
undertakes to provide 100KVA power load with 100% DG back up power (N+1 Module) to the SCHEDULE B PROPERTY and shall ensure regular supply of electricity and DG power at one point at Level 9 Office (i.e. 10th Floor of the Schedule B Property).
LESSEE is obligated to make all such arrangements at its cost and expenses from the aforementioned point for distribution of electricity within the Level 9 Office (i.e. 10th Floor of the Schedule B Property) and also to maintain the installation and
maintenance of the Electrical Panels/infrastructure at its cost and expenses. 
  

			
	For IBC Knowledge Park Pvt. Ltd.	  	SiRF Technology (India) Pvt. Ltd.
		
	 /s/ Yunus Zia
	  	 /s/ Ashutosh Pande

	Director	  	Director

  

 10 

 [IMAGE - GOVERNMENT OF KARNATAKA REGISTRATION STAMP Rs. 100] 
 LESSEE in consideration of obtaining 100KVA power connected to the Schedule B Property through BESCOM/DG Power/Captive Power Plant, shall pay refundable amount of
Rs.12,50,000/- (hereinafter called Initial Power Deposit) calculated @ Rs.12,500/- per KVA to the LESSOR on date of handover of the premises for its operation. 
 In case the LESSEE’s business operations require a power load greater than 100 KVA, the LESSOR shall, upon the LESSEE’S request, subject to availability and making payment (Additional Power Deposit) at the above rate per KVA shall
make available the additional load with 100% DG back up to the SCHEDULE B PROPERTY. The rate of Rs.12,500/- per KVA is applicable for the first 3 years of lease period and any requirement of power thereafter shall be made available by the LESSOR
subject to LESSEE making payment at the prevailing rate made known by the LESSOR as on the date of request. 
 The LESSOR shall refund the complete Initial
Power Deposit and Additional Power Deposit without interest on expiry or earlier termination of Lease. In the event, the LESSOR fails to refund the Power Deposit amount upon expiry or earlier termination of the lease, the LESSOR shall be liable to
refund the Power Deposit together with interest @ 12% per annum to be calculated from the date the amounts become due till the date of actual refund. 
 The LESSEE shall be responsible for payment of all the electricity charges for the power generated and supplied by the LESSOR/BESCOM for LESSEE’s use and the LESSEE agrees to pay the monthly consumption & demand charges from
the Commencement Date of this lease in respect of the actual usage (as recorded in the separate sub-meter) as per the invoice raised by the LESSOR/BESCOM. Currently the LESSOR/BESCOM is charging Rs. 7.00 per unit for both raw power and DG power
and a demand charge of Rs. 200/- per KVA per month. The LESSEE agrees to pay the same and further the LESSEE shall pay any revision in the above rates and charges from time to time to the LESSOR. 
  

			
	For IBC Knowledge Park Pvt. Ltd.	  	SiRF Technology (India) Pvt. Ltd.
		
	 /s/ Yunus Zia
	  	 /s/ Ashutosh Pande

	Director	  	Director

  

 11 

 [IMAGE - GOVERNMENT OF KARNATAKA REGISTRATION STAMP Rs. 100] 
  

	5.2	ELECTRICAL AND TELECOMMUNICATION WIRING AND PIPING: 

 The LESSEE shall be entitled to install electronic and electrical equipment, computers, servers, air-conditioners, power generator sets, telecommunication, data and/or video communication lines for undertaking its activities in the Demised
Premises. Further, LESSEE is entitled to carry on plumbing/chilled water piping through any void, internal walls for the rooms, toilets, toilet fixtures and fittings, duct or passage way including but not limited to the false ceiling, ventilator
shafts or other internal passage way or externally along the walls of the Demised Premises or of the common areas or along the exterior walls of the building under prior intimation to the LESSOR without damaging the structure of the Demised Premises
and in harmony with the other occupants. 
  

	5.3	ALTERATIONS: 

 The LESSEE shall be entitled to carry
out any minor alterations to the Demised Premises. The LESSEE shall take due care not to damage the main structure of the building while erecting or dismantling such partition and/or construction. In the event any such damage occurs, not being
damage arising out of normal wear and tear, the LESSEE shall pay to the LESSOR all reasonable cost for the repair of the damage or repair the damage, at its cost. The LESSEE shall not be required to pay any additional amount by way of rentals or any
other amounts in connection with the installation of the generators, air-conditioners or other auxiliary equipment in the Demised Premises. 
  

			
	For IBC Knowledge Park Pvt. Ltd.	  	SiRF Technology (India) Pvt. Ltd.
		
	 /s/ Yunus Zia
	  	 /s/ Ashutosh Pande

	Director	  	Director

  

 12 

 [IMAGE - GOVERNMENT OF KARNATAKA REGISTRATION STAMP Rs. 100] 
  

	6)	MAINTENANCE: 

 The LESSEE shall be responsible for
the day-to-day maintenance of the Demised Premises (excluding, for the avoidance of all doubts, the common areas like lobbies, elevators, terraces, etc., more particularly described in Annexure 3) including all Amenities installed by the LESSEE
therein. The LESSOR shall be responsible for the maintenance of the building and all other “common areas as herein before defined in this clause. LESSEE shall pay a sum of Rs.1,18,004/- (Rupees One lakh eighteen thousand and four only) every
month from the Start of operation. The sum calculated at the rate of Rs.4.50 per sq. ft of 26,223 sqft (subject to actual joint measurement) to the LESSOR towards maintenance charges. The parties do hereby confirm that the maintenance charges paid
by the LESSEE is towards reimbursement of the expenses already incurred by the LESSOR. The abovementioned maintenance charges will be revised upon expiry of 3rd year at the option of the LESSOR and accordingly the LESSOR shall intimate the LESSEE of
such revision in the maintenance charges. However, it is agreed between the parties that at any time the maintenance charges after such revision shall always be uniform for all other LESSEE’s / occupants in SCHEDULE A. 
  

	7)	SIGNAGE: 

 LESSEE shall be entitled to erect and
display a sign-board or other signage of appropriate size approved by the LESSOR at Level 9 Office floor (10th Floor) entrance near the lift lobby of Tower-’C’. The LESSEE shall also be entitled to put suitable approved signage at the
common building directory of Tower ‘C’. LESSOR shall provide LESSEE signage of appropriate size to have prominence of their brand in the park. LESSEE shall however keep in mind the aesthetic view of the Building and the interests of the
other tenants of the IBC Knowledge Park. 
  

			
	For IBC Knowledge Park Pvt. Ltd.	  	SiRF Technology (India) Pvt. Ltd.
		
	 /s/ Yunus Zia
	  	 /s/ Ashutosh Pande

	Director	  	Director

  

 13 

 [IMAGE - GOVERNMENT OF KARNATAKA REGISTRATION STAMP Rs. 100] 
  

	8)	USE OF THE DEMISED PREMISES: 

 The LESSEE shall use
the Demised Premises for office purposes only for carrying and conducting its business and related services after obtaining requisite approvals, sanctions, licenses, permission from the prescribed authorities and shall not use the same for any other
purposes or permit the use of the Demised Premises for any unlawful purpose or any purpose likely to endanger the building. The LESSEE also agrees that in the course of usage of the Demised Premises, the LESSEE, its agents, servants, employees,
subcontractors etc., shall not act in a manner which may cause any nuisance, annoyance or obstructions to the occupants of other portions of the building constructed over Demised Premises and the facilities, amenities such as lifts, common passages,
staircases, basement, terrace area etc., provided therein. 
  

	9)	APPROVAL AND CLEARANCES: 

 The sole responsibility
and risk of getting clearances, NOC, Licence, certificate/approvals from various Departments pertaining to the business carried on within the Demised Premises shall be that of the LESSEE and the LESSEE shall under no circumstance stop payment of
rent on account of non securing of licence and permission from various Departments, Authorities/Government or such other Departments. 
 Any
non-compliance of rules and regulations in carrying on the business by the LESSEE and the actions arising out of the same shall be taken care by the LESSEE at its cost and expenses and the LESSOR shall not be liable for the same. 
  

			
	For IBC Knowledge Park Pvt. Ltd.	  	SiRF Technology (India) Pvt. Ltd.
		
	 /s/ Yunus Zia
	  	 /s/ Ashutosh Pande

	Director	  	Director

  

 14 

 [IMAGE - GOVERNMENT OF KARNATAKA REGISTRATION STAMP Rs. 100] 
  

	10)	SUB-LEASE: 

 LESSEE shall be entitled to sub-let or
under-let the entire Demised Premises or any portion thereof to any of its subsidiaries, group companies, affiliates, successors or assignees when there is a change of control under written intimation to the LESSOR. 
 LESSEE shall be entitled to sub-let or under-let the entire Demised Premises or any portion thereof to any other companies / entities, third party subject
to the prior written approval of the LESSOR, which shall not be withheld unreasonably. 
 In the event of sub letting or under letting as
above, the LESSEE affirms that all obligations agreed to be performed by the LESSEE under this Lease shall always remain that of the LESSEE. It is agreed between the parties that in the event of such sub-leasing, the Sub-LESSEE shall not be entitled
to use the car park area/power connection in excess of the LESSEE’s entitlement agreed to be granted under this Agreement or otherwise agreed between the Parties. 
  

	11)	COVENANTS OF THE LESSOR: 

  

	11.1	PEACEFUL POSSESSION: 

 On the LESSEE paying the
rents hereby agreed to be paid and all such amounts agreed to be paid to the LESSOR are paid and the LESSEE observing and performing the several covenants and conditions agreed upon, the LESSEE shall peacefully hold and occupy the Demised Premises
from the date of delivery of possession during the period of lease on all 365 days in a year and 24 hours till the expiry of the lease term or any extended period thereof or earlier termination as provided herein without any let, hindrance,
interruption or disturbance by the LESSOR or any person claiming under or in trust for the LESSOR. The LESSOR represents and warrants that the LESSOR is in possession of the Demised Premises. Further, the LESSOR represents that there are no charges,
claims, negative covenants, attachments, encumbrances, acquisition proceedings, any threatened proceedings or similar nature or obligations in respect of the Demised Premises or anything which may be an impediment or bar affecting the free and
vacant possession and use of the Demised Premises by the LESSEE. 
  

			
	For IBC Knowledge Park Pvt. Ltd.	  	SiRF Technology (India) Pvt. Ltd.
		
	 /s/ Yunus Zia
	  	 /s/ Ashutosh Pande

	Director	  	Director

  

 15 

 [IMAGE - GOVERNMENT OF KARNATAKA REGISTRATION STAMP Rs. 100] 
 All permissions necessary for the occupation and use of the Demised Premises have been obtained and that the Demised Premises can be legally used and
occupied on before the Lease Commencement Date. The Lessor shall furnish copy of the Occupation Certificate on or before Lessee’s operations issued by City Municipal Corporation, Bangalore. 
 LESSOR also represents that no agreements or interest has been created in respect of the Demised Premises in favour of the third parties other than
executing this Agreement. The LESSOR acknowledges that the LESSEE has entered into this Agreement relying solely on the aforesaid representation. 
  

	11.2	PAYMENT OF TAX AND OTHER OUTGOINGS: 

 The LESSOR
shall pay all current and future municipal taxes and any other outgoings, charges, ceases, dues or impositions that may be levied in respect of the Demised Premises by the Bangalore Mahanagara Palike, the Government of Karnataka or the Central
Government or any other Public Body or Authority. 
  

	11.3	INSURANCE: 

 The LESSOR shall at all times during
the period of lease and every renewal thereafter insure and keep insured the building and more particularly the Demised Premises against structural damage, damage by fire, earthquake, riots and other risks at their own cost and expenses as well as
the furnishing carried out by the LESSOR. 
 The LESSEE shall obtain separate insurance cover for all the equipment, temporary constructions,
fittings and fixtures and other property owned by the LESSEE within the Demised Premises during the subsistence of the lease period. 
  

			
	For IBC Knowledge Park Pvt. Ltd.	  	SiRF Technology (India) Pvt. Ltd.
		
	 /s/ Yunus Zia
	  	 /s/ Ashutosh Pande

	Director	  	Director

  

 16 

 [IMAGE - GOVERNMENT OF KARNATAKA REGISTRATION STAMP Rs. 100] 
  

	11.4	REPAIRS AND MAINTENANCE: 

 The LESSOR shall upon
receipt of notice from the LESSEE carry out all major repairs, which are attributable to structural defects in the Demised Premises. In the event of the LESSOR fails to do so, notwithstanding any law for the time being in force, the LESSEE shall be
at liberty to carry out such repairs and all such costs incurred therefore shall be to the account of the LESSOR and shall be deducted from the monthly rents. The LESSEE shall be responsible for the day-to-day maintenance of the Demised Premises as
provided under clause 6.1 above. 
 The LESSOR shall ensure that the building, basement and areas surrounding the Demised Premises including
common passage, staircase, terrace, lifts etc., are maintained at its cost in a state of good repair. The LESSOR shall carry out at its expense all the works of external maintenance of common areas and shall be responsible for painting the exterior
of the building complex once in every 5 (five) years. 
 All minor repairs to the Demised Premises (those which relate to tenant improvements
and which the LESSEE has installed at its own cost and expense and not including anything installed, erected or constructed by the LESSOR) shall be carried out by the LESSEE at its own cost and expense. 
  

	11.5	ACCESS: 

 The LESSEE, its agents, representatives,
employees and guests shall have unimpaired access to and use of the Demised Premises at all times, during the day or the night for all the 365 days that is 24 hours seven days a week basis of the year during the entire term of the lease, including
access to the parking spaces and common areas connected with the Schedule Premises. 
  

			
	For IBC Knowledge Park Pvt. Ltd.	  	SiRF Technology (India) Pvt. Ltd.
		
	 /s/ Yunus Zia
	  	 /s/ Ashutosh Pande

	Director	  	Director

  

 17 

 [IMAGE - GOVERNMENT OF KARNATAKA REGISTRATION STAMP Rs. 100] 
  

	11.6	TRANSFER OF PREMISES/ATTORNMENT: 

 The LESSOR
undertakes that in the event the Demised Premises is sold, transferred, mortgaged or conveyed to any third party by the LESSOR, the LESSOR shall stipulate with such third party purchaser that the transfer will be fully subject to this Agreement or
any Deeds executed between the LESSOR and the LESSEE. The LESSOR further agrees to ensure that the Transfer Deed executed by them carries a covenant obligating the third party purchaser to acknowledge and accept the LESSEE as its own LESSEE on the
same terms and conditions of this Agreement and they shall be responsible for refund of the Security Deposit in terms hereof. The LESSOR shall ensure that the rights of the LESSEE under this Agreement are not adversely affected or curtailed by
virtue of such transfer. 
  

	11.7	INDEMNIFICATION: 

 LESSOR do hereby represent and
confirm that the Demised Premises which is being leased under this Agreement is the portion of the immovable property devolving to its share under the Registered Joint Development Agreement dated 26-12-2003 and the LESSOR has not created any
encumbrances, lien, charges, over the Demised Premises by way of mortgage, sale etc., nor the LESSOR either individually on its own or jointly with the BHDI have executed any agreement with third parties agree to sell/transfer/mortgage the Demised
Premises and the said Demised Premises is free from all types of claims, actions and the constructions which is being put up is in accordance with the sanctioned plan and the license issued by Bangalore Mahanagara Palike (BMP) and there are no
proceedings initiated by BMP or any statutory authorities either State/Central against the Demised Premises or it has not been a subject matter of litigation, attachment and the same is entitled to be leased by the LESSOR and the marketable title of
the Demised Premises is clear. 
 In the event of any claim or action or proceedings were to be initiated against the Demised Premises thereby
the occupation and the use of the Demised Premises in the hands of the LESSEE is being curtailed or restricted or prohibited and due to such happening the LESSEE is unable to carry on its business within the Demised Premises and there being threat
of dispossession, the LESSOR undertakes to indemnify for all such losses and damages which are to be incurred by the LESSEE. 
  

			
	For IBC Knowledge Park Pvt. Ltd.	  	SiRF Technology (India) Pvt. Ltd.
		
	 /s/ Yunus Zia
	  	 /s/ Ashutosh Pande

	Director	  	Director

  

 18 

 [IMAGE - GOVERNMENT OF KARNATAKA REGISTRATION STAMP Rs. 100] 
  

	11.8	PROVISION FOR ANTENNA: 

 The Lessor has made
available to the LESSEE an area of              square feet of the terrace to install its antenna/s dish or tower or any other kind of communication devices which are desirable for
the efficient functioning of LESSEE’s use of the Demised Premises. 
  

	12)	OTHER MUTUAL COVENANTS: 

  
  

	12.1	INSPECTION OF THE DEMISED PREMISES: 

 The LESSOR
shall have the right to enter the Demised Premises for the purpose of inspecting the condition of the same or carrying out any repair after giving the LESSEE a written notice of 24 hours by hand delivery, as well as verbal notice of its intention of
doing so provided however that the intended time of inspection is within the working hours of the LESSEE, except in cases of emergency when no notice shall be required. LESSOR shall give subsequent notice to LESSEE with 24 hours. 
  

	12.2	DEVELOPMENTS TO THE BUILDING AND OCCUPATION OF THE SAME BY OTHER OCCUPANTS/LESSEE: 

 The LESSEE shall not in any way obstruct the LESSOR from undertaking any future development proposed to be made in the SCHEDULE A PROPERTY and also developments to the buildings already constructed where
occupants/LESSEE have occupied the same provided such development does not interfere with or obstruct the peaceful enjoyment of the Demised Premises or other common areas. 
  

			
	For IBC Knowledge Park Pvt. Ltd.	  	SiRF Technology (India) Pvt. Ltd.
		
	 /s/ Yunus Zia
	  	 /s/ Ashutosh Pande

	Director	  	Director

  

 19 

 [IMAGE - GOVERNMENT OF KARNATAKA REGISTRATION STAMP Rs. 100] 
  

	12.3	DISPUTES: 

 Any controversy or claim or dispute or
difference arising out of or relating to this Lease or interpretation of any provisions thereof or any breach or alleged breach thereof, shall be amicably settled between the parties by mutual discussions and resolve the said differences/disputes.
In the event of the parties not arriving at an amicable decision to resolve the dispute/differences, the same shall be referred to a sole arbitrator appointed by the parties under mutual consent and the said arbitrator shall be a retired judge of
the High Court. The arbitration proceedings shall be held in Bangalore. Judgment upon the award rendered may be entered in any court of competent jurisdiction for execution. The arbitration proceedings shall be governed by the provisions of the
Arbitration and Conciliation Act, 1996. 
  

	12.4	SUSPENSION: 

 If the Demised Premises is destroyed
or damaged by fire, flood, or in any other manner, becomes unfit for occupation or use, and upon receipt of notice from the LESSEE to this effect, the rent or a part thereof according to the nature and extent of the damage, shall be suspended till
such time as the Demised Premises is once again rendered fit for occupation and use. If the Demised Premises, or any significant portion thereof, when it is rendered unfit for use and the same is not made fit for use within (30) days by the
LESSOR, parties after mutual negotiation arrive at the decision to have the lease terminated and accordingly, LESSEE shall have the right to terminate this lease without obligation to make further payments. 
  

			
	For IBC Knowledge Park Pvt. Ltd.	  	SiRF Technology (India) Pvt. Ltd.
		
	 /s/ Yunus Zia
	  	 /s/ Ashutosh Pande

	Director	  	Director

  

 20 

 [IMAGE - GOVERNMENT OF KARNATAKA REGISTRATION STAMP Rs. 100] 
  

	12.5	FORCE MAJEURE: 

 If the performance by either party,
of any of its obligations hereunder is prevented, restricted or interfered with by reason of fire, or other casualties or accident, strike (being a national, regional or city wide strike) or labour dispute, war or other violence, any law or
regulation of any Government (excluding those relating to any violation or non compliance with the rules and regulations governing construction and occupation of buildings), or any act or condition whatsoever beyond the reasonable control of such
party (each such event shall be called a “Force Majeure” event), then such party shall be excused from such performance to the extent of such prevention, restriction or interference, provided, that such party shall give prompt notice
within a period of 30 days to the other party of such Force Majeure in such notice, including a description, in reasonable specificity, of the cause of the Force Majeure. Such parties shall use reasonable efforts to avoid or remove such cause of
non-performance and shall continue performance hereunder whenever such causes are removed. Any dispute arising in relation thereto shall be a dispute within the meaning of clause 12.3 herein before contained. 
  

	12.6	RENTAL DISCOUNTING: 

 The LESSEE shall not have any
objection for the LESSOR to avail term loan from financial institutions, banks and other authorities by discounting the rentals receivable towards the Demised Premises under this Agreement. The LESSEE shall always cooperate by issuing such
confirmation letters as and when required by the lender / LESSOR. 
  

	13)	TERMINATION: 

  

	 	i.	At the option of the LESSOR, in the event of the LESSEE having defaulted in the payment of the rentals for two months despite having received a written notice of default in this
regard from the LESSOR and having failed to cure such default within 30 days from the date of such notice. 

  

			
	For IBC Knowledge Park Pvt. Ltd.	  	SiRF Technology (India) Pvt. Ltd.
		
	 /s/ Yunus Zia
	  	 /s/ Ashutosh Pande

	Director	  	Director

  

 21 

 [IMAGE - GOVERNMENT OF KARNATAKA REGISTRATION STAMP Rs. 100] 
  

	 	ii.	In the event of the Lessor committing breach of any of the terms of this Lease, the LESSEE shall notify the Lessor of the breach and to rectify the same within a period of 60 days
of such notice, failing which the LESSEE shall be entitled to terminate the lease by giving one month notice and shall hand over possession subject to refund of the Interest-Free Security Deposit amount and the amount in Initial Power Deposit and
any other Deposit for Additional Power. In the event of the breach being on the part of the Lessor, the LESSEE shall not be bound by the terms of lock in period stipulated in clause 2.1 above. 

  

	 	iii.	By mutual consent of both parties duly recorded in writing on such terms as may be agreed upon. 

  

	 	iv.	By either party if any parry hereto defaults in the performance of any of its obligations under this Agreement and such default is not cured within 30 days from the date of receipt
of written notice of default issued by the non-defaulting party in this regard. By either party, where any clause of this Agreement specifically provides for termination. 

  

	 	v.	If by operation of law and for the breach of the provisions contained in this Agreement by the LESSOR, the LESSEE is prevented from continuing the Lease. 

 

	 	vi.	By the LESSEE issuing [6] SIX Months prior written notice after the expiry of Initial Lock-in period of 3 years lease. 

  

	 	vii.	In the event of termination of the lease in any manner aforesaid, the LESSEE shall hand over vacant possession of the Demised Premises duly debonded with relevant certificates to
the LESSOR in a condition as it was leased, excepting normal wear and tear, subject to the LESSOR not owing any money/amount to the LESSEE on any account whatsoever, unless the LESSEE is prevented from such handover by reasons of
destruction/demolition of the Demised Premises. Upon termination for any reason other than pursuant to LESSEE’s breach, LESSEE shall owe no further amounts except for amounts owed for use of the Demised Premises by LESSEE prior to termination
under these presents. 

  

			
	For IBC Knowledge Park Pvt. Ltd.	  	SiRF Technology (India) Pvt. Ltd.
		
	 /s/ Yunus Zia
	  	 /s/ Ashutosh Pande

	Director	  	Director

  

 22 

 [IMAGE - GOVERNMENT OF KARNATAKA REGISTRATION STAMP Rs. 100] 
  

	 	viii.	Notwithstanding the above, LESSEE shall not have right to terminate the lease before expiry of Initial Term of lease of 3 years. In the event of such termination occurring, LESSEE
undertakes to pay the monthly rental for the unexpired period of initial term of lease. 

  

	14)	NOTICES: 

 Notices to be provided under this
Agreement shall be in writing and delivered to the address of the LESSOR as mentioned hereinabove and to the LESSEE at the Demised Premises (with copies to the attention of Mr. Ashutosh Pande, Managing Director, Al-A, Sector 16, Noida 201301,
India, and shall be sent by hand delivery with acknowledgement obtained or through a recognized courier. Notice shall be deemed to have been received, in the case of hand delivery on the day after such delivery and in the case of courier, on the
expiry of two days after the date on which such courier is sent. 
  

	15)	COSTS: 

 The parties shall each bear their
respective legal, consultant or other costs incurred in respect of the drafting, negotiation, execution and registration of this Agreement. However, the expenses towards stamp duty and registration fee etc., in the event of registration of the Lease
Deed, which shall be at LESSEE’s discretion, to be executed, are to be borne by the LESSEE. 
  

			
	For IBC Knowledge Park Pvt. Ltd.	  	SiRF Technology (India) Pvt. Ltd.
		
	 /s/ Yunus Zia
	  	 /s/ Ashutosh Pande

	Director	  	Director

  

 23 

 [IMAGE - GOVERNMENT OF KARNATAKA REGISTRATION STAMP Rs. 100] 
  

	16)	HANDING OVER POSSESSION ON EXPIRY: 

 On the expiry
of the lease period, the LESSEE shall hand over physical vacant possession of the Demised Premises to the LESSOR or its agent duly debonded with relevant certificates from STPI and Customs in the same condition under which has been let-out and as it
has received it, normal wear and tear excepted, subject to simultaneous refund of balance security deposit due to be paid to the LESSEE and power deposit by the LESSOR to the LESSEE. Notwithstanding any thing to the contrary contained or implied
herein, all improvements made by the LESSEE to the Demised Premises and fixtures installed at the Demised Premises shall always remain the property of the LESSEE and the LESSEE shall remove the fixtures and other improvements at the time of handing
over vacant possession of the Demised Premises and restore the Demised Premises to the condition as it was leased. However, the LESSEE shall take utmost care while removal of its furniture and fixtures and any damage caused to the Demised Premises
while its removal, LESSEE shall restore the damages at its cost and expenses, normal wear and tear excepted. 
 However, at the time of
handing over of the physical vacant possession of Demised Premises and the LESSEE is unable to remove such of the improvements made by it and the fixtures installed within the Demised Premises, the LESSEE may leave behind such improvements and
fixtures within the Demised Premises for which the LESSOR is not obligated to make any payment. 
  

	17)	WHOLE AGREEMENT: 

 This Agreement together with the
annexed Schedule executed by the parties hereto constitutes the entire agreement between the parties with respect to the subject matter hereto and supersedes and cancels all previous agreement, negotiations, thereof. 
  

	18)	MODIFICATIONS: 

 The parties may, by mutual consent,
add, delete or modify any of the terms and conditions of this Agreement. Such addition, deletion and modification shall be recorded by the Parties in writing. 
  

			
	For IBC Knowledge Park Pvt. Ltd.	  	SiRF Technology (India) Pvt. Ltd.
		
	 /s/ Yunus Zia
	  	 /s/ Ashutosh Pande

	Director	  	Director

  

 24 

 [IMAGE - GOVERNMENT OF KARNATAKA REGISTRATION STAMP Rs. 100] 
  

	19)	WAIVER: 

 No forbearance, relaxation or inaction by
any party at any time to require the performance of any provision of this Agreement shall in any way affect, diminish or prejudice the right of such party to require the performance of that or any other provision of this Agreement or be considered
to be a waiver of any right, unless specifically agreed in writing. 
  

	20)	SEVERABILITY: 

 In the event of any provision of
this Agreement being held or becoming invalid, unenforceable or illegal for any reason, this Agreement shall remain otherwise in full force apart from the said provision, which will be deemed deleted. The Parties shall however attempt to replace the
deleted provision with a legally valid provision that reflects the same purpose of the deleted provision to the greatest extent possible. 
  

	21)	GOVERNING LAW: 

 This Agreement shall be governed in
all respects by the laws of India. 
  

	22)	COUNTERPARTS: 

 This Agreement may be executed in
more than one counterpart, all of which shall be considered one and the same Agreement and each of which shall be deemed as original. The original stamped and registered (if LESSEE so chooses) Agreement shall be retained by the LESSEE. 

 

			
	For IBC Knowledge Park Pvt. Ltd.	  	SiRF Technology (India) Pvt. Ltd.
		
	 /s/ Yunus Zia
	  	 /s/ Ashutosh Pande

	Director	  	Director

  

 25 

 [IMAGE - GOVERNMENT OF KARNATAKA REGISTRATION STAMP Rs. 100] 
 SCHEDULE “A” REFERRED TO ABOVE 
 All that piece and
parcel of property bearing Corporate No. 4/1, Bannerghatta Road, Ward No. 63, Bangalore Measuring 13 acres, 13.5 guntas or 5,81,981 sq.ft. and bounded as follows: 
  

			
	East by	  	:Property belonging to Dharmaram College.
		
	West by	  	:Bangalore, Bannerghatta Road.
		
	North by	  	:Property belongs to Dharmaram College & MORZARIA Industrials Estate.
		
	South by	  	:Private Property occupied by Sagar Automobile, Band Box and Choultries.

 SCHEDULE “B” REFERRED TO ABOVE 
 All that piece and parcel of immovable property being the office space situated in Level 9 Office Floor (10th Floor) of Tower C of IBC Knowledge Park, measuring 26,223
sqft (subject to actual joint measurement) together with 50 designated car parks (surface/basement). 
 In witness WHEREOF the FIRST PARTY and the SECOND
PARTY have signed this Agreement on the day, month and year first above mentioned in the presence of the following Witnesses: 
  

					
	WITNESSES	  	For IBC Knowledge Park Pvt. Ltd.
		
	1. Impulsesoft India Private Limited	  	LESSOR
			
		 	 /s/ K. Srikrishna
	  	 /s/ Yunus Zia

		 		  	Director
			
	2.	 	 /s/ M. Khalid
	  	LESSEE
			
		 	IBC Knowledge Park Pvt. Ltd.	  	SiRF Technology (India) Pvt. Ltd.
			
		 		  	 /s/ Ashutosh Pande

		 		  	Director

  

 26 

 [IMAGE - GOVERNMENT OF KARNATAKA REGISTRATION STAMP Rs. 100] 
 ANNEXURE 1 
 [Floor Plan of the Demised
Premises] 
  

			
	For IBC Knowledge Park Pvt. Ltd.	  	SiRF Technology (India) Pvt. Ltd.
		
	 /s/ Yunus Zia
	  	 /s/ Ashutosh Pande

	Director	  	Director

  

 27 

 [IMAGE - GOVERNMENT OF KARNATAKA REGISTRATION STAMP Rs. 100] 
 ANNEXURE 2 
 (CAR PARK PLAN) 
  

			
	For IBC Knowledge Park Pvt. Ltd.	  	SiRF Technology (India) Pvt. Ltd.
		
	 /s/ Yunus Zia
	  	 /s/ Ashutosh Pande

	Director	  	Director

  

 28 

 [IMAGE - GOVERNMENT OF KARNATAKA REGISTRATION STAMP Rs. 100] 
 ANNEXURE 3 
 (Maintenance of common areas and
amenities) 
 Maintenance Services and Facilities for tower ‘C’ 
 The maintenance services and facilities provided in the demised premises shall include the following: 
 ITEM NO. 1

 IBC Knowledge Park shall ensure and maintain all Common Area of the project which includes: 
  

	 	•	 	 Drive ways, path ways, podium, landscaped areas, services, common HT/LT rooms for all tenants/owners, sewage/drainage and water treatment plants, water bodies,
compound wall, tube wells, common electrification of the park, staircases, lift machine rooms, security rooms, common ducts, over head tanks, sump tanks, visitor car/scooter parking. 

  

	 	•	 	 Common lift lobbies and terraces. 

  

	 	•	 	 Common area Fire Hydrant/Fighting System. 

  

	 	•	 	 Basement, terraces unless and other wise exclusively earmarked for the usage of the LESSEE. 

  

	 	•	 	 Structure Glazing. 

  

	 	•	 	 Ducts for the following have been provided viz. 

  

	 	•	 	 Lighting and ventilation. 

  

	 	•	 	 Common Water supply through bore wells. 

 The
description of the maintenance of the common area General Maintenance charges includes the following: 
  

	 	•	 	 Operation and maintenance of all common equipment installed / to be installed in the project by IBC Knowledge Park for common use of all Lessees/Owners.

  

	 	•	 	 Power and power back up for the common areas of the IBC Knowledge Park. 

  

	 	•	 	 Periodic maintenance of the elevators installed in Tower ‘C’. 

  

	 	•	 	 Maintenance of common RMU and Transformer yard for all Lessees/Owners of the park. 

  

			
	For IBC Knowledge Park Pvt. Ltd.	  	SiRF Technology (India) Pvt. Ltd.
		
	 /s/ Yunus Zia
	  	 /s/ Ashutosh Pande

	Director	  	Director

  

 29 

 [IMAGE - GOVERNMENT OF KARNATAKA REGISTRATION STAMP Rs. 100] 
  

	 	•	 	 Providing water for all purposes @ 50 liters per capita / day per person as per National Building Code. 

  

	 	•	 	 Maintenance of the bore wells and associated pumps within IBC Knowledge Park 

  

	 	•	 	 Maintenance of basic infrastructure of all plumbing and Sanitary lines in the respective service duct built by it, excluding the ducts utilized and built by LESSEE
viz., pantry, fire, electrical, sanitation, communication, A/C etc. 

  

	 	•	 	 All common & external areas maintenance services of surface podium of the Park. 

  

	 	•	 	 Maintenance of landscaped areas, compound wall lighting, tube well, sewerage, roads and paths and any other Maintenance Services within the boundary of the building
and the project IBC Knowledge Park. However, in the event of any of the above areas are exclusively used by the LESSEE, the same shall be maintained by the LESSEE. 

  

	 	•	 	 Painting, necessary replacements of Common lights / bulbs / other equipment in the common areas of the Building by IBC Knowledge Park, but excluding cost of
maintenance, cleaning, painting and necessary replacements of lights / bulbs / other equipment located in the designated basements of the Building by the LESSEE. 

  

	 	•	 	 Security services at all egress and ingress points excluding manning of basement car parking of the LESSEE. 

  

	 	•	 	 Maintenance of sewage and water treatment plant and Common garbage disposal for IBC Knowledge Park. 

  

	 	•	 	 Sub Panel for the common area of the park. 

  

	 	•	 	 Pest Control in the common areas in and around the Towns ‘C’. 

  

	 	•	 	 Insurance of the building. 

 ITEM NO. 2 – TO
BE MAINTAINED BY LESSEE AT ITS COST AND EXPENSES 
 Exclusive areas identified for Level 9 Office Floor (10th Floor) – Tower ‘C’.

  

	 	•	 	 Lift lobby at Level 9 office floor (10th floor) exclusively used by the LESSEE. 

  

	 	•	 	 Balcony areas. 

  

			
	For IBC Knowledge Park Pvt. Ltd.	  	SiRF Technology (India) Pvt. Ltd.
		
	 /s/ Yunus Zia
	  	 /s/ Ashutosh Pande

	Director	  	Director

  

 30 

 [IMAGE - GOVERNMENT OF KARNATAKA REGISTRATION STAMP Rs. 100] 
 ANNEXURE IV 
 STATEMENT OF RENT, MAINTENANCE

  

									
	 Description
	  	Area	  	Rent psfpm	  	Rent P.m.
	 Rent
	  	26,223	  	Rs.	 36	  	Rs.	 9,44,028
		  		  	 	(first 3 years)	  		
	 Car park
	  	50 Nos.	  	Rs.	 1,750/-	  	Rs.	 87,500
	 Maintenance Charges
	  	26,223	  	Rs.	 4.50	  	Rs.	 1,18,004
		  		  	 	(first 3 years)	  		

 STATEMENT OF RENT, MAINTENANCE (First Renewed Term) 
  

										
	 Description
	  	Area	  	Rent psfpm	 	 	Rent P.m.
	 Rent
	  	26,223	  	Rs.	42.48	 	 	Rs.	 11,13,953
		  		  	 	(second 3 years	)	 		
	 Car park
	  	50 Nos.	  	Rs.	 1,750/-	 	 	Rs.	87,500

 STATEMENT OF RENT, MAINTENANCE (Second Renewed Term) 
  

									
	 Description
	  	Area	  	Rent psfpm	 	Rent P.m.
	 Rent
	  	26,223	  	Rs.	 50.13	 	Rs.	 13,14,559
		  		  	 	(third 3 years)	 		
	 Car park
	  	50 Nos.	  	Rs.	 1,750/-	 	Rs.	 87,500

 SECURITY DEPOSIT, POWER DEPOSIT (REFUNDABLE) 
  

												
	 Description
	  	Area in
sft.	 	 	Rent psfpm	  	Months	  	Amount
	 fitted out space
	  	26,223	 	 	Rs.	9,44,028	  	12	  	Rs.	1,13,28,336
	 Power Deposit
	  	100	 kva	 	Rs.	 12,500/kva	  		  	Rs.	12,50,000
	 Total
	  			 			  		  	Rs.	 1,25,78,336

  

			
	For IBC Knowledge Park Pvt. Ltd.	  	SiRF Technology (India) Pvt. Ltd.
		
	 /s/ Yunus Zia
	  	 /s/ Ashutosh Pande

	Director	  	Director

  

 31Avista Corporation Long-Term Incentive Plan

 Exhibit 10.37 
 

 
  
  
  

 
  
 Long-Term Incentive Plan 
 Avista Corporation 
  
  
  
  
  
 Adopted by
the Shareholders 
 on May 14, 1998 
  
 Subsequent Amendments Incorporated 
 and Restated May 12, 2000 
  
 Amended and
Restated 
 January 1, 2005 
  
 Further Amended and Restated 
 November 9, 2006 

 AVISTA CORPORATION 
 LONG-TERM INCENTIVE PLAN 
 SECTION 1. PURPOSE 
 The purpose of the Avista Corporation Long-Term Incentive Plan (the “Plan”) is to enhance the long-term shareholder value of Avista
Corporation, a Washington corporation (the “Company”), by offering opportunities to employees, directors and officers of the Company and its Subsidiaries (as defined in Section 2) to participate in the Company’s growth and
success, and to encourage them to remain in the service of the Company and its Subsidiaries and to acquire and maintain stock ownership in the Company. 
 The Plan was initially adopted by the Company’s shareholders on May 14, 1998; was subsequently amended and restated May 12, 2000; and was further amended and restated effective January 1, 2005.

 SECTION 2. DEFINITIONS 
 For purposes
of the Plan, the following terms are defined as set forth below: 
  

	 	2.1	Award 

 “Award” means an award or grant
made to a Participant pursuant to the Plan, including, without limitation, awards or grants of Options, Stock Appreciation Rights, Stock Awards, Performance Awards, Other Stock-Based Awards or any combination of the foregoing (including any Dividend
Equivalent Rights granted in connection with such Awards). 
  

	 	2.2	Board 

 “Board” means the Board of
Directors of the Company. 
  

	 	2.3	Cause 

 “Cause” means (a) the
willful and continued failure of the Holder to perform substantially the Holder’s duties with the Company or one of its Subsidiaries (other than any such failure resulting from incapacity due to physical or mental illness) after a written
demand for substantial performance is delivered to the Holder by the Board or the Chief Executive Officer of the Company which specifically identifies the manner in which the Board or the Chief Executive Officer believes that the Holder has not
substantially performed the Holder’s duties; or (b) the willful engaging by the Holder in illegal conduct or gross misconduct which is materially and demonstrably injurious to the Company. 
  

	 	2.4	Change of Control 

 “Change of Control”
means any of the following events: 
  

	 	(a)	The acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act) (a “Person”) of beneficial ownership
(within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 20% or more of either 

  

	 	(i)	the then outstanding shares of Common Stock of the Company (the “Outstanding Company Common Stock”) or 

  

	 	(ii)	the combined voting power of the then outstanding voting securities of the Company entitled to vote generally in the election of directors (the “Outstanding Company Voting
Securities”); provided, however, that for purposes of this subsection (a), the following acquisitions shall not constitute a Change of Control: (i) any acquisition directly from the Company, (ii) any acquisition by the Company,
(iii) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any corporation controlled by the Company or (iv) any acquisition by any corporation pursuant to a transaction which complies
with clauses (i), (ii) and (iii) of subsection (c) of this Section 2.4; 

  

	 	(b)	A change in the Board so that individuals who constitute the Board (the “Incumbent Board”) as of the date of adoption of the Plan cease for any reason to constitute at
least a majority of the Board after such date; provided, however, that any individual becoming a director subsequent to such date whose election, or nomination for election by the Company’s shareholders, was approved by a vote of at least a
majority of the directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a
result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board; 

  

	 	(c)	Consummation of a reorganization, merger or consolidation or sale or other disposition of all or substantially all of the assets of the Company (a “Business Combination”),
in each case, unless, following such Business Combination, (i) all or substantially all of the individuals and entities who were the beneficial owners, respectively, of the Outstanding Company Common Stock and Outstanding Company Voting
Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than 50% of, respectively, the then outstanding shares of Common Stock and the combined voting power of the then outstanding voting securities
entitled to vote generally in the election of directors, as the case may be, of the corporation resulting from such Business Combination (including, without limitation, a corporation which as a result of such transaction owns the Company or all or
substantially all of the Company’s assets either directly or through one or more subsidiaries) in substantially the same proportions as their ownership, immediately prior to such Business Combination of the Outstanding Company Common Stock and
Outstanding Company Voting Securities, as the case may be, (ii) no Person (excluding any corporation resulting from such Business Combination or any employee benefit plan (or related trust) of the Company or such corporation resulting from such
Business Combination) beneficially owns, directly or indirectly, 20% or more of, respectively, the then outstanding shares of Common Stock of the corporation resulting from such Business Combination or the combined voting power of the then
outstanding voting securities of such corporation except to the extent that such ownership existed prior to the Business Combination and (iii) at least a majority of the members of the Board of Directors of the corporation resulting from such
Business Combination were members of the Incumbent Board at the time of the execution of the initial agreement, or of the action of the Board, providing for such Business Combination; or 

	 	(d)	Approval by the shareholders of the Company of a complete liquidation or dissolution of the Company. 

  

	 	2.5	Code 

 “Code” means the Internal Revenue
Code of 1986, as amended from time to time. 
  

	 	2.6	Common Stock 

 “Common Stock” means the
common stock, no par value, of the Company. 
  

	 	2.7	Disability 

 “Disability” means
“disability” as that term is defined for purposes of the Company’s Long-Term Disability Plan or other similar successor plan applicable to salaried employees. 
  

	 	2.8	Dividend Equivalent Right 

 “Dividend
Equivalent Right” means an Award granted under Section 13. 
  

	 	2.9	Early Retirement 

 “Early Retirement”
means early retirement as that term is defined by the Plan Administrator from time to time for purposes of the Plan. 
  

	 	2.10	Exchange Act 

 “Exchange Act” means the
Securities Exchange Act of 1934, as amended. 
  

	 	2.11	Fair Market Value 

 The “Fair Market
Value” shall be the closing price per share for the Common Stock on the New York Stock Exchange as such price is officially quoted in the composite tape of transactions on such exchange for a single trading day. If there is no such reported
price for the Common Stock for the date in question, then such price on the last preceding date for which such price exists shall be determinative of Fair Market Value. 
  

	 	2.12	Good Reason 

 “Good Reason” means:

  

	 	(a)	The assignment to the Holder of any duties inconsistent in any respect with the Holder’s position (including status, offices, titles and reporting requirements), authority,
duties or responsibilities, or any other action by the Company which results in a diminution in such position, authority, duties or responsibilities, excluding for this purpose an isolated, insubstantial and inadvertent action not taken in bad faith
and which is remedied by the Company promptly after receipt of notice thereof given by the Holder; 

  

	 	(b)	 Any failure of the Company to comply with its standard compensation arrangements with the Holder, including the failure to continue in effect any material
compensation or benefit plan (or the substantial equivalent thereof) in which the Holder was participating 

 
at the time of a Change of Control, other than an isolated, insubstantial and inadvertent failure not occurring in bad faith and which is remedied by the
Company promptly after receipt of notice thereof from the Holder; 
  

	 	(c)	Any purported termination of the Holder’s employment or service for Cause by the Company that does not comply with the terms of the Plan; or 

  

	 	(d)	The failure of the Company to require that any Successor Corporation (whether by purchase, merger, consolidation or otherwise) expressly assume and agree to be bound by the terms of
the Plan in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place. 

 2.13 Grant Date 
 “Grant Date” means the date the Plan Administrator adopted the granting
resolution or a later date designated in a resolution of the Plan Administrator as the date an Award is to be granted. 
 2.14 Holder

 “Holder” means: 
  

	 	(a)	the Participant to whom an Award is granted; 

  

	 	(b)	for a Holder who has died, the personal representative of the Holder’s estate, the person(s) to whom the Holder’s rights under the Award have passed by will or by the
applicable laws of descent and distribution, or the beneficiary designated in accordance with Section 14; or 

  

	 	(c)	the person(s) to whom an Award has been transferred in accordance with Section 14. 

 2.15 Incentive Stock Option 
 “Incentive Stock Option” means an Option to purchase Common
Stock granted under Section 7 with the intention that it qualify as an “incentive stock option” as that term is defined in Section 422 of the Code. 
 2.16 Nonqualified Stock Option 
 “Nonqualified Stock Option” means an Option to purchase
Common Stock granted under Section 7 other than an Incentive Stock Option. 
 2.17 Option 
 “Option” means the right to purchase Common Stock granted under Section 7. 
 2.18 Other Stock-Based Award 
 “Other Stock-Based Award” means an Award granted under Section 12. 

 2.19 Participant 
 “Participant” means an individual who is a Holder of an Award or, as the context may require, any employee, director or officer of the Company or a Subsidiary who has been designated by the Plan
Administrator as eligible to participate in the Plan. 
 2.20 Performance Award 
 “Performance Award” means an Award granted under Section 11, the payout of which is subject to achievement through a performance period of
performance goals prescribed by the Plan Administrator. 
 2.21 Plan Administrator 
 “Plan Administrator” means the Board or any committee or committees designated by the Board or any person or persons to whom the Board has
delegated authority to administer the Plan under Section 3.1. 
 2.22 Restricted Stock 
 “Restricted Stock” means shares of Common Stock granted under Section 10, the rights of ownership of which are subject to restrictions
prescribed by the Plan Administrator. 
 2.23 Retirement 
 “Retirement” means retirement as of the individual’s normal retirement date under the Company’s retirement plan for salaried
employees or other similar successor plan applicable to salaried employees. 
 2.24 Securities Act 
 “Securities Act” means the Securities Act of 1933, as amended. 
 2.25 Stock Appreciation Right 
 “Stock Appreciation Right” means an Award granted under
Section 9. 
 2.26 Stock Award 
 “Stock Award” means an Award granted under Section 10. 
 2.27 Subsidiary 

“Subsidiary,” except as provided in Section 8.3 in connection with Incentive Stock Options, means any entity that is directly or
indirectly controlled by the Company or in which the Company has a significant ownership interest, as determined by the Plan Administrator, and any entity that may become a direct or indirect parent of the Company. 
 2.28 Successor Corporation 
 “Successor Corporation” has the meaning set forth under Section 15.2. 
 2.29 Trust and Trustee 
 “Trust” and “Trustee” have the meanings set forth in Section 3.2. 

 2.30 Trustee Shares 
 “Trustee Shares” has the meaning set forth in Section 3.3. 
 SECTION 3. ADMINISTRATION 
  

	 	3.1	Plan Administrator 

 The Plan shall be administered
by the Board or a committee or committees (which term includes subcommittees) appointed by, and consisting of two or more members of the Board. If and so long as the Common Stock is registered under Section 12(b) or 12(g) of the Exchange Act,
the Board shall consider in selecting the Plan Administrator and the membership of any committee acting as Plan Administrator, with respect to any persons subject or likely to become subject to Section 16 of the Exchange Act, the provisions
regarding (a) “outside directors” as contemplated by Section 162(m) of the Code; (b) “nonemployee directors” as contemplated by Rule 16b-3 under the Exchange Act; and (c) “independent directors” as
contemplated by Section 303A.02 of the New York Stock Exchange Listed Company Manual. The Board may delegate the responsibility for administering the Plan with respect to designated classes of eligible Participants to different committees
consisting of two or more members of the Board, subject to such limitations as the Board or the Plan Administrator deems appropriate. Committee members shall serve for such term as the Board may determine, subject to removal by the Board at any
time. To the extent consistent with applicable law, the Board may authorize one or more senior executive officers of the Company to grant Awards to designated classes of eligible employees within the limits prescribed by the Board. 
  

	 	3.2	Administration and Interpretation by the Plan Administrator 

 Except for the terms and conditions explicitly set forth in the Plan, the Plan Administrator shall have exclusive authority, in its discretion, to determine all matters relating to Awards under the Plan, including the
selection of individuals to be granted Awards, the type of Awards, the number of shares of Common Stock subject to an Award, all terms, conditions, restrictions and limitations, if any, of an Award and the terms of any instrument that evidences the
Award, and to authorize the Trustee (the “Trustee”) of any Trust (the “Trust”) that may be required pursuant to the Plan to grant Awards to Participants. The Plan Administrator shall also have exclusive authority to interpret the
Plan and may from time to time adopt, and change, rules and regulations of general application for the Plan’s administration. The Plan Administrator’s interpretation of the Plan and its rules and regulations, and all actions taken and
determinations made by the Plan Administrator pursuant to the Plan, shall be conclusive and binding on all parties involved or affected. The Plan Administrator may delegate administrative duties to such of the Company’s officers as it so
determines. 
  

	 	3.3	Trust for the Long-Term Incentive Plan 

 Payments
may be, but need not be, made to the Trustee, such payments to be used by the Trustee to purchase shares of the Common Stock. Shares purchased by the Trustee pursuant to the terms of the Trust (“Trustee Shares”) shall be held for the
benefit of Participants, and shall be distributed to Participants or their beneficiaries by the Trustee at the direction of the Plan Administrator in accordance with the terms and conditions of the Awards. Awards may also be made in units that are
redeemable (in whole or in part) in Trustee Shares. 

 SECTION 4. STOCK SUBJECT TO THE PLAN 
  

	 	4.1	Authorized Number of Shares 

 Subject to adjustment
from time to time as provided in Section 15.1, a maximum of 3,500,000 shares of Common Stock (which represents the sum of: (i) 2,500,000 shares that were previously authorized; and (ii) 1,000,000 shares newly authorized by
shareholders with this restatement) shall be available for issuance under the Plan. Shares issued under the Plan shall be drawn from authorized and unissued shares or shares now held or subsequently acquired by the Company or, if required by
applicable law, shall be purchased by the Trustee on the open market. In the event a Trust is required, the Company shall not issue any Common Stock under the Plan to the Trust or to any Participant, nor shall the Company purchase any Trustee Shares
from the Trust. 
  

	 	4.2	Limitations 

  

	 	(a)	Subject to adjustment from time to time as provided in Section 15.1, not more than an aggregate of 625,000 shares shall be available for issuance pursuant to grants of
Restricted Stock under the Plan. 

  

	 	(b)	Subject to adjustment from time to time as provided in Section 15.1, not more than 200,000 shares of Common Stock may be made subject to Awards under the Plan to any individual
Participant in the aggregate in any one fiscal year of the Company, such limitation to be applied in a manner consistent with the requirements of, and only to the extent required for compliance with, the exclusion from the limitation on
deductibility of compensation under Section 162(m) of the Code. 

  

	 	(c)	Subject to adjustment from time to time as provided in Section 15.1, to the extent consistent with Section 424 of the Code, not more than an aggregate of 80,000 shares may
be issued under Incentive Stock Options. 

  

	 	4.3	Reuse of Shares 

 Any shares of Common Stock that
have been made subject to an Award that cease to be subject to the Award (other than by reason of exercise or payment of the Award to the extent it is exercised for or settled in shares) shall again be available for issuance in connection with
future grants of Awards under the Plan; provided, however, that for purposes of Section 4.2, any such shares shall be counted in accordance with the requirements of Section 162(m) of the Code. Shares that are subject to tandem Awards shall
be counted only once. 
 SECTION 5. ELIGIBILITY 
 Awards may be granted under the Plan to those officers, directors and employees of the Company and its Subsidiaries as the Plan Administrator from time to time selects. 
 SECTION 6. AWARDS 
  

	 	6.1	Form and Grant of Awards 

 The Plan Administrator
shall have the authority, in its sole discretion, to determine the type or types of Awards to be made under the Plan; provided, however, after December 31, 2004, the Plan Administrator may only award or grant those Awards that either comply
with the applicable requirements of Section 409A of the Code, or do not result in the deferral of compensation within the meaning of 

 
Section 409A of the Code. Such Awards may include, but are not limited to, Incentive Stock Options, Nonqualified Stock Options, Stock Appreciation
Rights, Stock Awards, Performance Awards, Other Stock-Based Awards and Dividend Equivalent Rights. Awards may be granted singly, in combination or in tandem so that the settlement or payment of one automatically reduces or cancels the other. Awards
may also be made in combination or in tandem with, as alternatives to, or as the payment form for, grants or rights under any other employee or compensation plan of the Company. 
  

	 	6.2	Acquired Company Awards 

 Notwithstanding anything
in the Plan to the contrary, the Plan Administrator may grant Awards under the Plan in substitution for awards issued under other plans, or assume under the Plan awards issued under other plans, if the other plans are or were plans of other acquired
entities (“Acquired Entities”) (or the parent of the Acquired Entity) and the new Award is substituted, or the old award is assumed, by reason of a merger, consolidation, acquisition of property or of stock, reorganization or liquidation
(the “Acquisition Transaction”); provided, however, any substitution of a new Option pursuant to a corporate transaction for an outstanding option or the assumption of an outstanding option shall meet the requirements of Treasury
Regulation §1.424-1. The preceding sentence shall apply to “incentive stock options” as that term is defined in Section 422 of the Code and nonqualified stock options. In the event that a written agreement pursuant to which the
Acquisition Transaction is completed is approved by the Board and said agreement sets forth the terms and conditions of the substitution for or assumption of outstanding awards of the Acquired Entity, said terms and conditions shall be deemed to be
the action of the Plan Administrator without any further action by the Plan Administrator, except as may be required for compliance with Rule 16b-3 under the Exchange Act, and the persons holding such Awards shall be deemed to be Participants and
Holders. 
  

	 	6.3	No Repricing 

 Other than in connection with a
change in the Company’s capitalization as described in Section 15.1 of the Plan, the exercise price of an Option or Stock Appreciation Right may not be reduced without shareholder approval. 
 SECTION 7. AWARDS OF OPTIONS 
  

	 	7.1	Grant of Options 

 The Plan Administrator is
authorized under the Plan, in its sole discretion, to issue Options as Incentive Stock Options or as Nonqualified Stock Options, which shall be appropriately designated. 
  

	 	7.2	Option Exercise Price 

 The exercise price for
shares purchased under an Option shall be as determined by the Plan Administrator, but shall not be less than 100% of the Fair Market Value of the Common Stock on the Grant Date. 
  

	 	7.3	Term of Options 

 The term of each Option shall be
as established by the Plan Administrator or, if not so established, shall be 10 years from the Grant Date. 

	 	7.4	Exercise of Options 

 The Plan Administrator shall
establish and set forth in each instrument that evidences an Option the time at which or the installments in which the Option shall vest and become exercisable, which provisions may be waived or modified by the Plan Administrator at any time. If not
so established in the instrument evidencing the Option, the Option will vest and become exercisable according to the following schedule, which may be waived or modified by the Plan Administrator at any time: 
  

			
	 Period of Holder’s Continuous Employment or
 Service With the Company or Its
 Subsidiaries From the Option Grant Date
	  	Percent of Total
Option That Is Vested
and
Exercisable
	 After 1 year
	  	25%
	 After 2 years
	  	50%
	 After 3 years
	  	75%
	 After 4 years
	  	100%

 Notwithstanding the provisions of Section 7.4 above or of Section 7.6, any unvested
portion of the Option shall vest and become exercisable in full immediately upon termination of employment for reasons of Disability or death. 
 To the extent that the right to purchase shares has accrued thereunder, an Option may be exercised from time to time by written notice to the Company, in accordance with procedures established by the Plan Administrator, setting forth the
number of shares with respect to which the Option is being exercised and accompanied by payment in full as described in Section 7.5. The Plan Administrator may determine at any time that an Option may not be exercised as to less than 100 shares
at any one time (or the lesser number of remaining shares covered by the Option). 
  

	 	7.5	Payment of Exercise Price 

 The exercise price for
shares purchased under an Option shall be paid in full to the Company by delivery of consideration equal to the product of the Option exercise price and the number of shares purchased. Such consideration must be paid in cash or by check, or, unless
the Plan Administrator in its sole discretion determines otherwise, either at the time the Option is granted or at any time before it is exercised, a combination of cash and/or check (if any) and one or both of the following alternative forms:

  

	 	(a)	tendering (either actually or, if and so long as the Common Stock is registered under Section 12(b) or 12(g) of the Exchange Act, by attestation) Common Stock already owned by
the Holder for at least six months (or any shorter period necessary to avoid a charge to the Company’s earnings for financial reporting purposes) having a Fair Market Value on the day prior to the exercise date equal to the aggregate Option
exercise price or 

  

	 	(b)	if and so long as the Common Stock is registered under Section 12(b) or 12(g) of the Exchange Act, and to the extent not prohibited by Section 402 of the Sarbanes-Oxley
Act of 2002, delivery of a properly executed exercise notice, together with irrevocable instructions, to 

  

	 	(i)	a brokerage firm designated by the Company to deliver promptly to the Company the aggregate amount of sale or loan proceeds to pay the Option exercise price and any withholding tax
obligations that may arise in connection with the exercise and 

	 	(ii)	the Company to deliver the certificates for such purchased shares directly to such brokerage firm, all in accordance with the regulations of the Federal Reserve Board.

 In addition, the price for shares purchased under an Option may be paid, either singly or in combination with one or more of
the alternative forms of payment authorized by this Section 7.5 by such other consideration as the Plan Administrator may permit. 
  

	 	7.6	Post-Termination Exercises 

 The Plan Administrator
shall establish and set forth in each instrument that evidences an Option whether the Option will continue to be exercisable, and the terms and conditions of such exercise, if a Holder ceases to be employed by, or to provide services to, the Company
or its Subsidiaries, which provisions may be waived or modified by the Plan Administrator at any time. If not so established in the instrument evidencing the Option, the Option will be exercisable according to the following terms and conditions,
which may be waived or modified by the Plan Administrator at any time. 
 In case of termination of the Holder’s employment or services
other than by reason of death or Cause, the Option shall be exercisable, to the extent of the number of shares purchasable by the Holder at the date of such termination, only 
  

	 	(a)	within one year if the termination of the Holder’s employment or services is coincident with Retirement, Early Retirement in connection with a Company program offering early
retirement or Disability or 

  

	 	(b)	within three months after the date the Holder ceases to be an employee, director, or officer of the Company or a Subsidiary if termination of the Holder’s employment or
services is for any reason other than Retirement, Early Retirement in connection with a Company program offering early retirement or Disability, but in no event later than the remaining term of the Option. Any Option exercisable at the time of the
Holder’s death may be exercised, to the extent of the number of shares purchasable by the Holder at the date of the Holder’s death, by the personal representative of the Holder’s estate, the person(s) to whom the Holder’s rights
under the Award have passed by will or the applicable laws of descent and distribution or the beneficiary designated pursuant to Section 14 at any time or from time to time within one year after the date of death, but in no event later than the
remaining term of the Option. Any portion of an Option that is not exercisable on the date of termination of the Holder’s employment or services shall terminate on such date, unless the Plan Administrator determines otherwise. In case of
termination of the Holder’s employment or services for Cause, the Option shall automatically terminate upon first notification to the Holder of such termination, unless the Plan Administrator determines otherwise. If a Holder’s employment
or services with the Company are suspended pending an investigation of whether the Holder shall be terminated for Cause, all the Holder’s rights under any Option likewise shall be suspended during the period of investigation.

 A transfer of employment or services between or among the Company and its Subsidiaries shall not be considered a termination
of employment or services for purposes of this Section 7.6. The effect of a Company-approved leave of absence on the terms and conditions of an Option shall be determined by the Plan Administrator, in its sole discretion. 

 SECTION 8. INCENTIVE STOCK OPTION LIMITATIONS 
 To the extent required by Section 422 of the Code, Incentive Stock Options shall be subject to the following additional terms and conditions:

  

	 	8.1	Dollar Limitation 

 To the extent the aggregate
Fair Market Value (determined as of the Grant Date) of Common Stock with respect to which Incentive Stock Options are exercisable for the first time during any calendar year (under the Plan and all other stock option plans of the Company) exceeds
$100,000, such portion in excess of $100,000 shall be treated as a Nonqualified Stock Option. In the event the Participant holds two or more such Options that become exercisable for the first time in the same calendar year, such limitation shall be
applied on the basis of the order in which such Options are granted. 
  

	 	8.2	10% Shareholders 

 If a Participant owns more than
10% of the total voting power of all classes of the Company’s stock, then the exercise price per share of an Incentive Stock Option shall not be less than 110% of the Fair Market Value of the Common Stock on the Grant Date and the Option term
shall not exceed five years. The determination of 10% ownership shall be made in accordance with Section 422 of the Code. 
  

	 	8.3	Eligible Employees 

 Individuals who are not
employees of the Company or one of its parent corporations or subsidiary corporations may not be granted Incentive Stock Options. For purposes of this Section 8.3, “parent corporation” and “subsidiary corporation” shall have
the meanings attributed to those terms for purposes of Section 422 of the Code. 
  

	 	8.4	Term 

 The term of an Incentive Stock Option shall
not exceed 10 years. 
  

	 	8.5	Exercisability 

 To qualify for Incentive Stock
Option tax treatment, an Option designated as an Incentive Stock Option must be exercised within three months after termination of employment for reasons other than death, except that, in the case of termination of employment due to total
disability, such Option must be exercised within one year after such termination. Employment shall not be deemed to continue beyond the first 3 months of a leave of absence unless the Participant’s reemployment rights are provided by statute or
contract. For purposes of this Section 8.5, “total disability” shall mean a mental or physical impairment of the Participant that is expected to result in death or that has lasted or is expected to last for a continuous period of 12
months or more and that causes the Participant to be unable, in the opinion of the Company and two independent physicians, to perform his or her duties for the Company and to be engaged in any substantial gainful activity. Total disability shall be
deemed to have occurred on the first day after the Company and the two independent physicians have furnished their opinion of total disability to the Plan Administrator. 
  

	 	8.6	Taxation of Incentive Stock Options 

 In order to
obtain certain tax benefits afforded to Incentive Stock Options under Section 422 of the Code, the Participant must hold the shares issued upon the exercise of an Incentive Stock Option for two years after the Grant Date of the Incentive Stock
Option and one year from the date of exercise. A 

 
Participant may be subject to the alternative minimum tax at the time of exercise of an Incentive Stock Option. The Plan Administrator may require a
Participant to give the Company prompt notice of any disposition of shares acquired by the exercise of an Incentive Stock Option prior to the expiration of such holding periods. 
 SECTION 9. STOCK APPRECIATION RIGHTS 
  

	 	9.1	Grant of Stock Appreciation Rights 

 To the extent
permitted by Section 6.1, the Plan Administrator may grant a Stock Appreciation Right separately or in tandem with a related Option. 
  

	 	9.2	Tandem Stock Appreciation Rights 

 A Stock
Appreciation Right granted in tandem with a related Option will give the Holder the right to surrender to the Company all or a portion of the related Option and to receive an appreciation distribution (in shares of Common Stock or cash or any
combination of shares and cash, as the Plan Administrator, in its sole discretion, shall determine at any time) in an amount equal to the excess of the Fair Market Value for the date the Stock Appreciation Right is exercised over the exercise price
per share of the right, which shall be the same as the exercise price of the related Option. A tandem Stock Appreciation Right will have the same other terms and provisions as the related Option. Upon and to the extent a tandem Stock Appreciation
Right is exercised, the related Option will terminate. 
  

	 	9.3	Stand-Alone Stock Appreciation Rights 

 A Stock
Appreciation Right granted separately and not in tandem with an Option will give the Holder the right to receive an appreciation distribution (in shares of Common Stock or cash or any combination of shares and cash, as the Plan Administrator, in its
sole discretion, shall determine at any time) in an amount equal to the excess of the Fair Market Value for the date the Stock Appreciation Right is exercised over the exercise price per share of the right. 
 A stand-alone Stock Appreciation Right will have such terms as the Plan Administrator may determine, except that the exercise price per share of the
right must be at least equal to 100% of the Fair Market Value on the Grant Date and the term of the right, if not otherwise established by the Plan Administrator, shall be 10 years from the Grant Date. 
  

	 	9.4	Exercise of Stock Appreciation Rights 

 Unless
otherwise provided by the Plan Administrator in the instrument that evidences the Stock Appreciation Right, the provisions of Section 7.6 relating to the termination of a Holder’s employment or services shall apply equally, to the extent
applicable, to the Holder of a Stock Appreciation Right. 
 SECTION 10. STOCK AWARDS 
  

	 	10.1	Grant of Stock Awards 

 To the extent permitted by
Section 6.1, the Plan Administrator is authorized to make Awards of Common Stock to Participants on such terms and conditions and subject to such restrictions, if any (which may be based on continuous service with the Company or the achievement
of performance goals related to earnings, earnings per share, profits, profit growth, profit-related return ratios, cost management, dividend payout ratios, economic value added, cash flow or total shareholder return, where such goals may be stated
in absolute terms or relative to comparison companies), as the Plan 

 
Administrator shall determine, in its sole discretion, which terms, conditions and restrictions shall be set forth in the instrument evidencing the Award.
The terms, conditions and restrictions that the Plan Administrator shall have the power to determine shall include, without limitation, the manner in which shares subject to Stock Awards are held during the periods they are subject to restrictions
and the circumstances under which forfeiture of Restricted Stock shall occur by reason of termination of the Holder’s services. 
  

	 	10.2	Issuance of Shares 

 Upon the satisfaction of any
terms, conditions and restrictions prescribed in respect to a Stock Award, or upon the Holder’s release from any terms, conditions and restrictions of a Stock Award, as determined by the Plan Administrator, the Company shall release, as soon as
practicable, to the Holder or, in the case of the Holder’s death, to the personal representative of the Holder’s estate or as the appropriate court directs, the appropriate number of shares of Common Stock. 
  

	 	10.3	Waiver of Restrictions 

 Notwithstanding any other
provisions of the Plan, the Plan Administrator may, in its sole discretion, waive the forfeiture period and any other terms, conditions or restrictions on any Restricted Stock under such circumstances and subject to such terms and conditions as the
Plan Administrator shall deem appropriate. 
 SECTION 11. PERFORMANCE AWARDS 
  

	 	11.1	Plan Administrator Authority 

 Performance Awards
may be denominated in cash, shares of Common Stock or any combination thereof. To the extent permitted by Section 6.1, the Plan Administrator is authorized to grant Performance Awards and shall determine the nature, length and starting date of
the performance period for each Performance Award and the performance objectives to be used in valuing Performance Awards and determining the extent to which such Performance Awards have been earned. Performance objectives and other terms may vary
from Participant to Participant and between groups of Participants. Performance objectives shall be based on earnings, earnings per share, profits, profit growth, profit-related return ratios, cost management, dividend payout ratios, economic value
added, cash flow or total shareholder return, where such goals may be stated in absolute terms or relative to comparison companies, as the Plan Administrator shall determine, in its sole discretion. Additional performance measures may be used to the
extent their use would comply with the exclusion from the limitation on deductibility of compensation under Section 162(m) of the Code. Performance periods may overlap and Participants may participate simultaneously with respect to Performance
Awards that are subject to different performance periods and different performance factors and criteria. 
 The Plan Administrator shall
determine for each Performance Award the range of dollar values or number of shares of Common Stock (which may, but need not, be shares of Restricted Stock pursuant to Section 10), or a combination thereof, to be received by the Participant at
the end of the performance period if and to the extent that the relevant measures of performance for such Performance Awards are met. If Performance Awards are denominated in cash, no more than an aggregate maximum dollar value of $1,000,000 shall
be granted to any individual Participant in any one fiscal year of the Company, such limitations to be applied in a manner consistent with the requirements of, and to the extent required for compliance with, the exclusion from the limitation on
deductibility of compensation under Section 162(m) of the Code. The earned portion of a Performance Award may be paid currently or on a deferred basis with such interest or earnings equivalent as may be determined by the Plan Administrator.
Payment shall be made in the form of cash, whole shares of Common Stock (which may, but need not, be shares of Restricted Stock pursuant to Section 10), Options or any combination thereof, either in a single payment or in annual installments,
all as the Plan Administrator shall determine. 

	 	11.2	Adjustment of Awards 

 The Plan Administrator may
adjust the performance goals and measurements applicable to Performance Awards to take into account changes in law and accounting and tax rules and to make such adjustments as the Plan Administrator deems necessary or appropriate to reflect the
inclusion or exclusion of the impact of extraordinary or unusual items, events or circumstances, except that, to the extent required for compliance with the exclusion from the limitation on deductibility of compensation under Section 162(m) of
the Code, no adjustment shall be made that would result in an increase in the compensation of any Participant whose compensation is subject to the limitation on deductibility under Section 162(m) of the Code for the applicable year. The Plan
Administrator also may adjust the performance goals and measurements applicable to Performance Awards and thereby reduce the amount to be received by any Participant pursuant to such Awards if and to the extent that the Plan Administrator deems it
appropriate. 
  

	 	11.3	Payout Upon Termination 

 The Plan Administrator
shall establish and set forth in each instrument that evidences a Performance Award whether the Award will be payable, and the terms and conditions of such payment, if a Holder ceases to be employed by, or to provide services to, the Company or its
Subsidiaries, which provisions may be waived or modified by the Plan Administrator at any time. If not so established in the instrument evidencing the Performance Award, the Award will be payable according to the following terms and conditions,
which may be waived or modified by the Plan Administrator at any time. If during a performance period a Participant’s employment or services with the Company terminate by reason of the Participant’s Retirement, Early Retirement at the
Company’s request, Disability or death, such Participant shall be entitled to a payment with respect to each outstanding Performance Award at the end of the applicable performance period (a) based, to the extent relevant under the terms of
the Award, on the Participant’s performance for the portion of such performance period ending on the date of termination and (b) prorated for the portion of the performance period during which the Participant was employed by the Company,
all as determined by the Plan Administrator. To the extent consistent with Section 409A of the Code, the Plan Administrator may provide for an earlier payment in settlement of such Performance Award discounted at a reasonable interest rate and
otherwise in such amount and under such terms and conditions as the Plan Administrator deems appropriate. 
 Except as otherwise provided in
Section 15 or in the instrument evidencing the Performance Award, if during a performance period a Participant’s employment or services with the Company terminate other than by reason of the Participant’s Retirement, Early Retirement
at the Company’s request, Disability or death, then such Participant shall not be entitled to any payment with respect to the Performance Awards relating to such performance period, unless the Plan Administrator shall otherwise determine. The
provisions of Section 7.6 regarding leaves of absence and termination for Cause shall apply to Performance Awards. 
 SECTION 12. OTHER STOCK-BASED
AWARDS 
 To the extent permitted by Section 6.1, the Plan Administrator may grant other Awards under the Plan pursuant to which
shares of Common Stock (which may, but need not, be shares of Restricted Stock pursuant to Section 10) are or may in the future be acquired, or Awards denominated in stock units, including ones valued using measures other than market value.
Such Other Stock-Based Awards may be granted alone or in addition to or in tandem with any Award of any type granted under the Plan and must be consistent with the Plan’s purpose. 

 SECTION 13. DIVIDEND EQUIVALENT RIGHTS 
 To the extent permitted by Section 6.1, any Awards under the Plan may, in the Plan Administrator’s discretion, earn Dividend Equivalent Rights.
In respect of any Award that is outstanding on the dividend record date for Common Stock, the Participant may be credited with an amount equal to the cash or stock dividends or other distributions that would have been paid on the shares of Common
Stock covered by such Award had such covered shares been issued and outstanding on such dividend record date. The Plan Administrator shall establish such rules and procedures governing the crediting of Dividend Equivalent Rights, including the
timing, form of payment and payment contingencies of such Dividend Equivalent Rights, as it deems are appropriate or necessary. 
 SECTION 14.
ASSIGNABILITY 
 No Option, Stock Appreciation Right, Stock Award, Performance Award, Other Stock-Based Award or Dividend Equivalent
Right granted under the Plan may be assigned or transferred by the Holder other than by will or by the applicable laws of descent and distribution, and, during the Holder’s lifetime, such Awards may be exercised only by the Holder or a
permitted assignee or transferee of the Holder (as provided below). Notwithstanding the foregoing, and to the extent permitted by Section 422 of the Code, the Plan Administrator, in its sole discretion, may permit such assignment, transfer and
exercisability and may permit a Holder of such Awards to designate a beneficiary who may exercise the Award or receive compensation under the Award after the Holder’s death; provided, however, that any Award so assigned or transferred shall be
subject to all the same terms and conditions contained in the instrument evidencing the Award. 
 SECTION 15. ADJUSTMENTS 
  

	 	15.1	Adjustment of Shares 

 In the event that, at any
time or from time to time, a stock dividend, stock split, spin-off, combination or exchange of shares, recapitalization, merger, consolidation, distribution to shareholders other than a normal cash dividend or other change in the Company’s
corporate or capital structure results in (a) the outstanding shares, or any securities exchanged therefor or received in their place, being exchanged for a different number or class of securities of the Company or of any other corporation or
(b) new, different or additional securities of the Company or of any other corporation being received by the holders of shares of Common Stock of the Company, then the Plan Administrator shall make proportional adjustments in (i) the
maximum number and kind of securities subject to the Plan as set forth in Section 4.1, (ii) the maximum number and kind of securities that may be made subject to Stock Awards and to Awards to any individual Participant as set forth in
Section 4.2, and (iii) the number and kind of securities that are subject to any outstanding Award and the per share price of such securities, without any change in the aggregate price to be paid therefor; provided, however, any
substitution of a new Option pursuant to a corporate transaction for an outstanding Option or the assumption of an outstanding Option shall meet the requirements of Treasury Regulation §1.424-1. The preceding sentence shall apply to
“incentive stock options” as that term is defined in Section 422 of the Code and nonqualified stock options. The determination by the Plan Administrator as to the terms of any of the foregoing adjustments shall be conclusive and
binding. 
  

	 	15.2	Change of Control 

 Except as otherwise provided in
the instrument that evidences the Award, in the event of any Change of Control, each Award that is at the time outstanding shall automatically accelerate so that each such Award shall, immediately prior to the specified effective date for the Change
of Control, become 

 
100% vested and exercisable. Such Award shall not so accelerate, however, if and to the extent that such Award is, in connection with the Change of Control,
either to be assumed by the successor corporation or parent thereof (the “Successor Corporation”) or to be replaced with a comparable award for the purchase of shares of the capital stock of the Successor Corporation. The determination of
Award comparability under clause (a) above shall be made by the Plan Administrator, and its determination shall be conclusive and binding. All such Awards shall terminate and cease to remain outstanding immediately following the consummation of
the Change of Control, except to the extent assumed by the Successor Corporation. Any such Awards that are assumed or replaced in the Change of Control and do not otherwise accelerate at that time shall be accelerated in the event that the
Holder’s employment or services should subsequently terminate within three years following such Change of Control, unless such employment or services are terminated by the Successor Corporation for Cause or by the Holder voluntarily without
Good Reason. 
  

	 	15.3	Further Adjustment of Awards 

 Subject to Sections
15.2 and 17.3, and subject to the limitations set forth in Section 11, the Plan Administrator shall have the discretion, exercisable at any time before a sale, merger, consolidation, reorganization, liquidation or other corporate transaction,
as defined by the Plan Administrator, to take such further action as it determines to be necessary or advisable, and fair and equitable to Participants, with respect to Awards. Such authorized action may include (but shall not be limited to)
establishing, amending or waiving the type, terms, conditions or duration of, or restrictions on, Awards so as to provide for earlier, later, extended or additional time for exercise, payment or settlement or lifting restrictions, differing methods
for calculating payments or settlements, alternate forms and amounts of payments and settlements and other modifications, and the Plan Administrator may take such actions with respect to all Participants, to certain categories of Participants or
only to individual Participants; provided, however, the Plan Administrator may act only in a manner that either complies with the applicable requirements of Section 409A of the Code, or does not result in the deferral of compensation within the
meaning of Section 409A of the Code. The Plan Administrator may take such action before or after granting Awards to which the action relates and before or after any public announcement with respect to such sale, merger, consolidation,
reorganization, liquidation or change in control that is the reason for such action. 
  

	 	15.4	Limitations 

 The grant of Awards will in no way
affect the Company’s right to adjust, reclassify, reorganize or otherwise change its capital or business structure or to merge, consolidate, dissolve, liquidate or sell or transfer all or any part of its business or assets. 
 SECTION 16. WITHHOLDING 
 The Company may require the
Holder to pay to the Company the amount of any withholding taxes that the Company is required to withhold with respect to the grant, exercise, payment or settlement of any Award. Subject to the Plan and applicable law and unless the Plan
Administrator determines otherwise, the Holder may satisfy withholding obligations, in whole or in part, by paying cash, by electing to have the Company withhold shares of Common Stock (up to the employer’s minimum required tax withholding
rate) or by transferring shares of Common Stock to the Company (already owned by the Participant for the period necessary to avoid a charge to the Company’s earnings for financial reporting purposes), in such amounts as are equivalent to the
Fair Market Value of the withholding obligation. The Company shall have the right to withhold from any Award or any shares of Common Stock issuable pursuant to an Award or from any cash amounts otherwise due or to become due from the Company to the
Participant an amount equal to such taxes. 

 SECTION 17. AMENDMENT AND TERMINATION OF PLAN 
  

	 	17.1	Amendment of Plan 

 The Plan may be amended only by
the Board as it shall deem advisable; provided, however, (i) the Board shall consider the impact of Section 409A of the Code on any amendment; and (ii) to the extent required for compliance with Section 422 of the Code or any
other applicable law, rule or regulation, shareholder approval will be required for any amendment that will (a) increase the total number of shares as to which Options may be granted or that may be used in payment of Stock Appreciation Rights,
Performance Awards, Other Stock-Based Awards or Dividend Equivalent Rights under the Plan or that may be issued as Stock Awards, (b) modify the class of persons eligible to receive Options, (c) result in a “material revision” of
the Plan as contemplated by Section 303A.08 of the New York Stock Exchange Listed Company Manual, or (d) otherwise require shareholder approval under any applicable law, rule or regulation. 
  

	 	17.2	Termination of Plan 

 The Board may suspend or
terminate the Plan at any time. The Plan will have no fixed expiration date; provided, however, that no Incentive Stock Options may be granted more than 10 years after the earlier of the Plan’s adoption by the Board and approval by the
shareholders. In accordance with Treasury Regulations §§1.422-2(b)(iii) and 1.422-2(c), the amendment and restatement of the Plan effective January 1, 2005 constitutes a new plan for purposes of the Incentive Stock Option rules. As a
result, Incentive Stock Options may be granted within ten years from the earlier of the date the amended and restated plan is adopted by the Board or the date such plan is approved by shareholders. 
  

	 	17.3	Consent of Holder 

 The amendment or termination of
the Plan shall not, without the consent of the Holder of any Award under the Plan, impair or diminish any rights or obligations under any Award theretofore granted under the Plan. Any change or adjustment to an outstanding Incentive Stock Option
shall not, without the consent of the Holder, be made in a manner so as to constitute a “modification” that would cause such Incentive Stock Option to fail to continue to qualify as an Incentive Stock Option. 
 SECTION 18. GENERAL 
  

	 	18.1	Award Agreements 

 Awards granted under the Plan
shall be evidenced by a written agreement that shall contain such terms, conditions, limitations and restrictions as the Plan Administrator shall deem advisable and that are not inconsistent with the Plan. 
  

	 	18.2	Continued Employment or Services; Rights in Awards 

 None of the Plan, participation in the Plan as a Participant or any action of the Plan Administrator taken under the Plan shall be construed as giving any Participant or employee of the Company any right to be retained in the employ of the
Company or limit the Company’s right to terminate the employment or services of the Participant. 
  

	 	18.3	Registration 

 The Company shall be under no
obligation to any Participant to register for offering or resale or to qualify for exemption under the Securities Act, or to register or qualify under state securities laws, any shares of Common Stock, security or interest in a security paid or
issued under, or created by, the Plan, or to continue in effect any such registrations or qualifications if made. 

 The Company may issue certificates for shares with such legends and subject to such restrictions on
transfer and stop-transfer instructions as counsel for the Company deems necessary or desirable for compliance by the Company with federal and state securities laws. 
 Inability of the Company to obtain, from any regulatory body having jurisdiction, the authority deemed by the Company’s counsel to be necessary for the lawful issuance and sale of any shares hereunder or the
unavailability of an exemption from registration for the issuance and sale of any shares hereunder shall relieve the Company of any liability in respect of the nonissuance or sale of such shares as to which such requisite authority shall not have
been obtained. 
  

	 	18.4	No Rights as a Shareholder 

 No Award shall entitle
the Holder to any cash dividend (except to the extent provided in an Award of Dividend Equivalent Rights), voting or other right of a shareholder unless and until the date of issuance under the Plan of the shares that are the subject of such Award,
free of all applicable restrictions. 
  

	 	18.5	Compliance With Laws and Regulations 

 Notwithstanding anything in the Plan to the contrary, the Board, in its sole discretion, may bifurcate the Plan so as to restrict, limit or condition the use of any provision of the Plan to Participants who are officers or directors subject
to Section 16 of the Exchange Act without so restricting, limiting or conditioning the Plan with respect to other Participants. Additionally, in interpreting and applying the provisions of the Plan, any Option granted as an Incentive Stock
Option pursuant to the Plan shall, to the extent permitted by law, be construed as an “incentive stock option” within the meaning of Section 422 of the Code. 
  

	 	18.6	Unfunded Plan 

 The Plan is intended to constitute
an “unfunded” plan. Nothing contained herein shall require the Company to segregate any monies or other property, or shares of Common Stock, or to create any trusts, or to make any special deposits for any immediate or deferred amounts
payable to any Participant, and no Participant shall have any rights that are greater than those of a general unsecured creditor of the Company. 
  

	 	18.7	Severability 

 If any provision of the Plan or any
Award is determined to be invalid, illegal or unenforceable in any jurisdiction, or as to any person, or would disqualify the Plan or any Award under any law deemed applicable by the Plan Administrator, such provision shall be construed or deemed
amended to conform to applicable laws, or, if it cannot be so construed or deemed amended without, in the Plan Administrator’s determination, materially altering the intent of the Plan or the Award, such provision shall be stricken as to such
jurisdiction, person or Award, and the remainder of the Plan and any such Award shall remain in full force and effect. 
 SECTION 19. EFFECTIVE DATE

 The Plan’s effective date is the date on which it is adopted by the Board, so long as it is approved by the Company’s
shareholders at any time within 12 months of such adoption.

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