Document:

Amendment No. 1 to Industrial Lease

 Exhibit 10.05 
 AMENDMENT No. 1 TO INDUSTRIAL LEASE – NET 

THIS AMENDMENT (“Amendment”) is made and entered into as of March 29, 2010, by and between CAMPBELL HAWAII INVESTOR LLC,
a Hawaii limited liability company (“Lessor”), and LEAPFROG ENTERPRISES, a Delaware corporation (“Lessee”). 
 Lessor’s predecessor-in-interest, SP Kaiser Gateway 1, LLC, a Delaware limited liability company, and Lessee entered into that certain Industrial Lease – Net dated March 31, 2004 (the
“Lease”) with respect to certain premises identified as 13479 Valley Boulevard, Fontana, California. Capitalized words and phrases for which no definition is given in this Amendment shall have the meanings given them in the Lease.
Lessor and Lessee now desire to amend the Lease and they therefore hereby agree as follows: 
 1. Amendment of Paragraph -
1.2 Premises. The following language shall be added to Paragraph 1.2 of the Lease, to read as follows: 

“Commencing on the Amendment Commencement Date (as defined below), “Premises” shall mean that portion of the
Building outlined on Exhibit A to Amendment No. 1 to this Lease consisting of approximately 410,800 square feet (the “Reduced Premises”), and “Property” shall refer to the real property on which
the Building is situated, together with the Building and any improvements on the real property. Effective as of the Amendment Commencement Date, notwithstanding anything in Paragraph 2.5 to the contrary, “common areas” shall refer to all
areas outside of the Premises and the Building, including without limitation, the parking areas, driveways and landscaped areas. The area of the Reduced Premises represents approximately 68.46% of the total square feet of the Building. On or prior
to the Amendment Commencement Date, Lessee shall remove all of its personal property, Trade Fixtures and equipment, including without limitation chairs, desks, cubicles, and file cabinets from all portions of the Building other than the Reduced
Premises. Such portion of the Building that is not the Reduced Premises shall be the “Remainder Space.” Lessee shall not occupy the Remainder Space on or after the Amendment Commencement Date. As used herein, “Amendment
Commencement Date” shall mean the earlier of: (1) May 15, 2010, or (2) in the event Lessor delivers a Early Vacation Notice (as defined in Paragraph 13(e) of Amendment No. 1 to this Lease), the date Lessee vacates the
Remainder Space to Lessor. 
 2. Amendment of Paragraph - 1.3 Term. Paragraph 1.3 of the Lease is hereby amended
to read as follows: 

  
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 “1.3 Term. The “Original Term” shall commence July 23, 2004 and
shall expire March 31, 2015 (the “Expiration Date”). The “Term” of this Lease shall be the Original Term and any Extension Term (as defined in Paragraph 39.4) which Lessee may elect pursuant to Paragraph
39.4.” 
 3. Amendment of Paragraph 1.5 - Base Rent. The following language is hereby added to Paragraph 1.5
of the Lease, to read as follows: 
  

									
	 Period
	  	Base Rent per Square
Foot per Month	 	  	Base rent per Month	 
	 Amendment Commencement Date to 5/15/10*
	  	$	0.26	  	  	$	106,808	  
	 5/15/10-6/14/10
	  	$	.0.00	  	  	$	0.00	  
	 6/15/10-5/14/11
	  	$	0.26	  	  	$	106,808	  
	 5/15/11-10/14/11
	  	$	0.00	  	  	$	0.00	  
	 10/15/11-9/14/12
	  	$	0.27	  	  	$	110,916	  
	 9/15/12-3/31/15
	  	$	0.29	  	  	$	119,132	  

  

	*	If the Amendment Commencement Date occurs prior to May 15, 2010 (e.g. if Lessee receives an Early Vacation Notice). 

4. Amendment of Paragraph 5 - Operating Expenses. Notwithstanding anything to the contrary in Paragraphs 5.1 and 5.2 of the
Lease, effective as of the Amendment Commencement Date, Lessee shall only be obligated to pay 68.46% of Estimated Operating Expenses and 68.46% of actual Operating Expenses, which represents Lessee’s pro rata share of the Building. In addition
to the exclusions to Operating Expenses set forth in Paragraph 5.1 of the Lease, Operating Expenses shall not include: (i) the cost of the Demising Wall Work; (ii) any costs associated with installing separate meters for electrical,
natural gas, water or other utility services in the Remainder Space or the Reduced Premises; (iii) the cost of Lessor’s Work; (iv) the cost of any alterations of the premises of any other tenant of the Building; (v) costs of any
special service provided to any one tenant of the Building but not to tenants of the Building generally, and (vi) all items and services for which Lessee or any other tenant in the Property is required to reimburse Lessor (other than through
payment of Operating Expenses). 
 5. Amendment of Paragraph 7 - Maintenance; Repairs. Effective as of the
Amendment Commencement Date, Paragraphs 7.1(a), 7.1(c), 7.1(d), and 7.2(a) of the Lease are hereby amended to read as follows: 

  
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 “7.1(a) In General. Subject to the provisions of Paragraph 2.2 (Condition), 2.3
(Compliance), 7.2 (Lessor’s Obligations), 9 (Damage or Destruction), and 14 (Condemnation), Lessee shall, at Lessee’s sole expense, keep the Premises and Alterations in good order, condition and repair, including, but not limited to, all
equipment or facilities located within the Premises, such as plumbing, heating, ventilating, air-conditioning, electrical, lighting facilities and fixtures, boilers, pressure vessels, security and fire protection systems, communication systems,
fixtures, walls (interior), interior ceilings, floors, floorings, windows, window coverings, doors, plate glass, skylights, Lessee’s signs. 
 Notwithstanding the foregoing, Lessee shall not be responsible for the structural integrity of the roofs (excluding the roof membrane which Lessee is responsible for), the structural integrity of the
exterior walls and the structural integrity of the floor slab other than any maintenance or repairs required as a result of the acts or omissions of Lessee or any of Lessee Parties. Lessee’s obligations shall include restorations, replacements
or renewals when necessary to keep the Premises and all improvements thereon or a part thereof in good order, condition and state of repair.” 
 “7.1(c) Exterior Painting. Lessor shall be responsible for repainting the exterior of the Building and the costs it so incurs shall be considered Operating Expenses.” 

“7.1(d) Lessor’s Election. If Lessee fails to meet any obligation set forth in this Paragraph 7 or if Lessor determines
in its reasonable discretion that the Premises is not being maintained as required hereunder, Lessor may undertake any obligation of Lessee (subject to any applicable notice and cure periods set forth in Paragraph 13.1), in which event Lessee shall
reimburse Lessor for all of its costs. In addition, if Lessor undertakes, as a single project, maintenance and/or repair obligations of both Lessee and Lessor, Lessor shall be entitled to recover from Lessee, as additional Rent, the costs incurred
by Lessor in connection with such maintenance and/or repairs undertaken on behalf of Lessee.” 
 “7.2(a) In
General. During the Term of this Lease, Lessor shall, at Lessor’s sole expense, be responsible for maintaining the Building, including the foundations, the roof and roof membrane, fences, retaining walls, signage for the Property,
landscaping, driveways, parking lots, sidewalks and parkways located in, on, or adjacent to the Building, exterior walls and floor slab (except to the extent repairs or maintenance are required as a result of damage caused by forklift traffic along
the control joints thereof, in which case Lessee shall be responsible for any required repairs or maintenance); provided, however, that if any repairs or 

  
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maintenance to any of the foregoing are necessitated by the acts or omissions of Lessee or any of the Lessee Parties, then Lessee shall be responsible for reimbursing Lessor for the cost of
repairing and maintaining the same. Except as specifically provided in the preceding sentence, and subject to the provisions of Paragraphs 2.2 (Condition), 2.3 (Compliance), 6.2 (Hazardous Substances), 9 (Damage or Destruction) and 14
(Condemnation), it is intended by the Parties hereto that Lessor have no obligation, in any manner whatsoever, to repair and maintain the Premises, or the equipment therein, all of which obligations are intended to be that of the Lessee. It is the
intention of the Parties that the terms of this Lease govern the respective obligations of the Parties as to maintenance and repair of the Premises, and, except for the self-help rights set forth in Paragraph 7.2(b), the Parties expressly waive the
benefit of any statute now or hereafter in effect to the extent it is inconsistent with the terms of this Lease.” 
 6.
Amendment of Paragraph 8 - Insurance. Notwithstanding anything to the contrary in Paragraph 8 of the Lease to the contrary, effective as of the Amendment Commencement Date, Lessee shall only be required to reimburse Lessor for 68.46% of:
(i) any insurance premiums paid by Lessor for the Building, and (ii) Lessee’s Share of the Deductible Amount. 

7. Amendment of Paragraph 10.2 - Payment Of Taxes. 
 (a) The following language is hereby added to the end of Paragraph 10.2(a) of the Lease, to read as follows: 
 “Notwithstanding anything in this Paragraph 10.2 to the contrary, effective as of the Amendment Commencement Date, Lessee shall be obligated to pay only 68.46% of the total Real Property Taxes for
the Property; provided, however, that if prior to May 14, 2012 there is one or more acts of improvement, sale or other change in ownership of the Property (each a “Reassessment Event”) and as a result, all or part of the
Property is reassessed under the terms of Proposition 13 (as adopted by the voters of the State of California in the June 1978 election), then Lessee shall not be obligated to pay any increase in Real Property Taxes attributable to such Reassessment
Event(s), but rather Lessee shall be obligated to pay 68.46% of the Real Property Taxes that would have been payable for the Property but for the Reassessment Event. 
 (b) Paragraph 10.2(b) of the Lease is hereby amended to read as follows: 

“(b) Contest of Taxes. Lessor and Lessee acknowledge that on or around September 8th, 2009, Lessor initiated a
Proposition 8 

  
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contest of Real Property Taxes pursuant to Paragraph 10.2(b) of the Lease to obtain a reduction in the assessed value of the Building. Lessee shall be entitled to: (i) the entire amount of
any refund or credit received from the taxing authority attributable to tax year 2009 and for the period from January 1, 2010 to the Amendment Commencement Date, and (ii) 68.46% of any refund or credit attributable to the period during the
term of this Lease from the Amendment Commencement Date to the date the reduced assessed value is determined (the “Tax Refund Amount”). Lessor shall deliver the Tax Refund Amount to Lessee within fifteen (15) days of receipt by
the taxing authority. If Lessor receives the Tax Refund Amount in installments, Lessor shall pass along such installments to Lessee within fifteen (15) days of receipt by Lessor; provided, however, if Lessor does not receive the Tax Refund
Amount due to Lessor’s negligence or failure to pay Real Estate Taxes when due, Lessor shall be required to pay the Tax Refund Amount within fifteen (15) days of the date such Tax Refund Amount would have been paid but for Lessor’s
acts. If Lessee has not received the complete Tax Refund Amount on or before the expiration or earlier termination of this Lease, Lessor shall be required to reimburse Lessee for the full Tax Refund Amount within thirty (30) days after the Tax
Refund Amount is received. This Paragraph 10.2(b) shall survive the expiration or earlier termination of the Lease” 

8. Amendment of Paragraph 14 - Condemnation. The second sentence of Paragraph 14 of the Lease is hereby amended to read as
follows: 
 “If more than twenty percent (20%) of the Premises, or more than twenty-five percent (25%) of the land
area portion of the Property not occupied by the Building, is taken by Condemnation or in the event that an entire driveway providing access from a public right of way to the Premises is taken by Condemnation and Lessee is left with only one
driveway providing access from a public right of way to the Premises and Lessor is unable to provide a replacement driveway providing access from a public right of way to the Premises, Lessee may, at Lessee’s option, to be exercised in writing
within ten (10) days after Lessor shall have given Lessee written notice of such taking (or in the absence of such notice, within ten (10) days after the condemning authority shall have taken possession) terminate this Lease as of the date
the condemning authority takes such possession.” 
 9. Amendment of Paragraph 39.4 - Lessee’s Option to Extend
Term. 
 The first two paragraphs of Subparagraph (a) of Paragraph 39.4 of the Lease are hereby amended to read as follows:

  
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 “(a) Extension Rights. Lessee shall have one option (the “Extension
Right”) to extend the term of this Lease for five (5) years (the “Extension Term”) on the same terms and conditions as this Lease (other than as to the amount of Base Rent and the definition of the Premises) by giving
notice to Lessor (the “Election Notice”) at least six (6) months prior, and not more than nine (9) months prior to the expiration of the Original Term of this Lease. Upon the commencement of the Extension Term, Base Rent
shall be 97% of the then prevailing Market Rate (as defined below). The Extension Right shall only be effective if as of the Expiration Date of the Original Term if the Premises may be and is expanded to include the Remainder Space as of the
commencement of the Extension Term, any lease that Lessor shall have entered into for the Remainder Space shall have expired and Lessor shall be able to deliver possession of the Remainder Space free of any other tenancies. If at the expiration of
the Original Term, a tenant occupies the Remainder Space pursuant to a lease that shall not have expired by the original Expiration Date (the “Remainder Space Lease”), Lessee shall have the right to extend the term of this Lease
(the “Coterminous Extension Right”) so that it expires at the same time as the term of the Remainder Space Lease, including any extensions thereto (the “Coterminous Extension Term”) on the same terms and conditions
of this Lease other than the Base Rent, which shall be ninety seven percent (97%) of the then-prevailing Market Rate (as defined below) by giving Lessor an Election Notice. If the Coterminous Extension Term is longer than five (5) years,
then at the end of the first five (5) years of the Coterminous Extension Term, the Base Rent shall again be adjusted to be equal to ninety seven percent (97%) of the then-prevailing Market Rate which, if not agreed upon by Lessor and
Lessee at least six (6) months prior to such five (5)- year period, shall be determined by arbitration as set forth in paragraph (b) below. Upon the expiration of the Coterminous Extension Term, Lessee shall have the right to exercise the
Extension Right for the Extension Term by providing Lessor an Election Notice at least six (6) months, and not more than nine (9) months, prior to the expiration of the Coterminous Extension Term. Lessee acknowledges that Lessor may give a
tenant of the Remainder Space unqualified options to extend the term of its lease for the Remainder Space as well as a right to expand into the Reduced Premises upon the expiration of the term of this Lease as such term may have been extended by the
Extension Term. The foregoing notwithstanding, any options provided to a tenant of the Remainder Space to expand into the Reduced Premises shall be subordinate to Lessee’s Coterminous Extension Right. References in Paragraph

  
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39.4 of the Lease to “Original Term” shall refer to the Extension Term as it may be extended by the Coterminous Extension Term. 

Upon the commencement of the Extension Term, Base Rent shall be ninety seven percent (97%) of the then-prevailing Market Rent (as
defined below) and the Premises shall be the entire Building (i.e., the Reduced Premises and the Remainder Space).” 

10. Right of First Refusal for Remainder Space. If during the period May 1, 2012 through April 30, 2014, Lessor
receives an offer to Lease the Remainder Space to a tenant other than Lessee which offer Lessor desires to accept, or if Lessor desires to give a lease proposal to a prospective tenant, then provided that at such time there is no Event of Default of
Lessee, prior to entering into a lease for the Remainder Space with a tenant other than Lessee, Lessor shall offer the Remainder Space to Lessee by delivering an amendment to this Lease in the form attached hereto as Exhibit B (the
“ROFR Amendment”) completed to reflect the terms of the lease for the Remainder Space that Landlord otherwise desires to accept (the “ROFR Terms”) as follows. The ROFR Amendment shall add the Remainder Space to the
Premises as of the date in the ROFR Terms; provided that if such date is following the Expiration Date of the Lease, or if the expiration date for the Remainder Space pursuant to the ROFR Terms is later than the Expiration Date of the Lease, then
the ROFR Amendment shall extend the Expiration Date of the Lease and of the Original Term to the date in the ROFR Terms. The Base Rent for the Remainder Space shall be that set forth in the ROFR Terms; provided that if the Expiration Date is
extended for the Reduced Premises in connection with the ROFR Amendment, the Base Rent for the Extended Premises during such extension shall be ninety seven percent (97%) of the then-prevailing Market Rate which, if not agreed upon by Lessor
and Lessee shall be determined by arbitration as set forth in paragraph 9(b) above. Pending such determination, Lessee shall pay Base Rent for the Reduced Premises in the amount applicable prior to such extension, subject to reconciliation and
payment by Lessee or Lessor to the other for the period prior to determination once 97% of Market Rate has been determined. If the extension of the term for the Reduced Premises greater than five (5) years, then Base Rent shall again be
adjusted to be ninety seven percent (97%) of the then prevailing Market Rent as of the fifth (5th) anniversary of the date that the term for the Reduced Premises was extended in connection with the addition of the Remainder Space to the
Premises. If the ROFR Terms include an extension option extending the term of the Lease for the Remainder Space beyond the expiration of the term for the Reduced Premises, then such extension option shall apply to the Reduced Premises as well as the
Remainder Space and, notwithstanding anything to the contrary in the ROFR Terms, the Base Rent applicable to the Reduced Premises and the Remainder Space combined shall be ninety-seven percent (97%) of the then prevailing Market Rent as of the
commencement of such extension option period. Lessee may accept Lessor’s offer pursuant to the ROFR Terms by executing and delivering a copy of the ROFR Amendment countersigned by Lessee to Lessor within fifteen (15) business days. If
Lessee declines the first offer or fails to execute and deliver the ROFR Amendment within such 15-business day period, Lessor shall be free to offer and to lease the Remainder Space to any other tenant; provided, however, Lessor shall be obligated
to 

  
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re-offer the Remainder Space to Lessee if Lessor fails to lease the Remainder Space within six (6) months following the delivery of the ROFR Amendment to Lessee. 

11. Allocation of Utilities Costs. 
 (a) If there are separate meters for electrical, natural gas, water or other utility services to the common area and to the Building, then: (i) unless and until Lessor permits the occupancy of the
Remainder Space by others, Lessee shall continue to pay for all electrical, natural gas, water and other utility charges directly attributable to the Reduced Premises, and (ii) Lessee shall pay 68.46% of any such charges attributable to any
common areas of the Property. At such time as Lessor permits occupancy of the Remainder Space by others, electrical, natural gas, water or other utility services to the Reduced Premises shall be measured by separate meters or submeters installed by
Lessor at its sole expense and Lessee shall pay 68.46% of any such charges attributable to any common areas of the Property. The costs of any electrical, natural gas, water service or other utility services not separately metered shall be equitably
allocated. 
 (b) If there are not separate meters for electrical, natural gas, water or other utility services to the common
area and to the Building, then unless and until Lessor permits the occupancy of the Remainder Space by others, Lessee shall remain the customer under the meters for electrical and water service and shall continue to pay for all electricity, natural
gas, water and other utility charges attributable to the entire Building and the common area and Lessor shall reimburse Lessee within thirty (30) days following its demand from time to time for 31.54% of Lessee’s reasonable estimate of the
electrical, natural gas, water or other utilities consumed in the common areas of the Property but not in the Reduced Premises. At such time as Lessor permits occupancy of the Remainder Space by others, then the consumption of electricity, natural
gas, water and other utility services to the Reduced Premises shall be measured by separate meters or submeters installed by Lessor at its sole expense and Lessee shall pay 68.46% of any such charges attributable to any common areas of the Property.
Any electrical, natural gas, water service or other utility services not separately metered shall be equitably allocated. 

12. Extension Improvements and Allowances. 
 (a) The work described in this Section 12 is collectively referred to as, “Lessor’s Work”). Prior to the Amendment Commencement Date, Lessor shall complete the following:
(i) paint the Building dock door numbers, and (ii) separately demise the lighting controls in the Remainder Space from the Reduced Premises (the “Lighting Work”). Prior to permitting the occupancy of the Remainder Space by
any occupant, Lessor shall: (a) install a chain link fence outside of the Building separating the truck courts along the extension of the demising line separating the Reduced Premises from the Remainder Space as shown on Exhibit
A, (b) install two (2) guard shacks, each to include HVAC, electricity and one traffic control arm of type and quality reasonably similar to the existing guard shack (but not including restrooms), within the area designated
“NW Guard House” and “SW Guard House” on Exhibit A at a location mutually acceptable to Lessor and Lessee, (c) construct a restroom in the Reduced

  
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Premises at a location mutually acceptable to Lessor and Lessee, with SW Guard House on the pavement, and (d) perform the Demising Wall Work (as defined below). Lessor shall obtain at least
three (3) competitive bids from licensed and responsible contractors for the cost of constructing the restroom, including one licensed contractor selected by Lessee and reasonably acceptable to Lessor. Following its construction, Lessee shall
reimburse Lessor for its costs incurred in designing, obtaining permits for and constructing the restroom in an amount not to exceed Twenty Two Thousand Dollars ($22,000). If Lessor does not choose the most competitively priced contractor, then the
amount which Lessee shall reimburse Lessor for its costs incurred in designing, obtaining permits for and constructing the restroom shall not to exceed Eleven Thousand Dollars ($11,000). Lessor’s net cost incurred in installing the SW Guard
House and interior restroom, taking into account Lessee’s reimbursement, is the “SW Guard House Cost.” All other costs of performing the Lessor’s Work shall be at Lessor’s sole expense. The SW Guard House shall be
located on the asphalt pavement to comply with current accessibility code requirements. The precise location of the SW Guard House shall be subject to review by the County of San Bernardino Building & Safety Department
(“BSD”). The precise location of interior restroom to support the exterior SW Guard House shall be subject to BSD review and approval of the Plans (as defined below). Lessor shall give Lessee at least forty-five (45) days’
advance notice of Lessor’s intention to install the S W Guard House and interior restroom. Lessee may, by notice to Lessor given within such 45-day period, elect to cause Lessor to install cameras and a remote controlled traffic control arm
wired to the NW Guard House at the planned location of the SW Guard House in lieu of installing the SW Guard House and interior restroom. In such event, Lessee shall reimburse Lessor for Lessor’s costs incurred in designing, obtaining permits
for and constructing the remote controlled traffic control arm, cameras and associated wiring to the extent such costs exceed what would have been the SW Guard House Cost. 
 (b) Upon Lessee’s request accompanied by copies of invoices and cancelled checks for such expenses, Lessor shall reimburse Lessee for up to $70,000 for costs incurred during 2010 in relocating
Lessee’s personal property, inventory, Trade Fixtures, and/or furnishings and equipment out of the Remainder Space and for up to $100,000 for costs incurred by Lessee during 2010 for alterations and improvements to the electrical and
communication system and electrical related improvements in the Reduced Premises. Lessee shall only be entitled to such reimbursement if at the time of request for the reimbursement there is not an Event of Default of Lessee. 

13. Demising Wall Work. 
 (a) Prior to permitting a tenant (other than Lessee) to occupy the Remainder Space, Lessor shall be required to construct, at Lessor’s sole expense, a demising wall separating the Reduced Premises
from the Remainder Space (the “Demising Wall”), including installation of separate electrical, natural gas and water meters or submeters to separately measure consumption of utilities within each of the Reduced Premises and the
Remainder Space (collectively, the “Demising Wall Work”). Lessor shall not be required to perform the Demising Wall Work unless and until Lessor permits occupancy 

  
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of the Remainder Space by an occupant other than Lessee. If Lessor performs the Demising Wall Work, Lessee shall cooperate with Lessor and shall, within forty five (45) days following notice
from Lessor remove its personal property, inventory, Trade Fixtures, and/or furnishings and equipment from an area in the Reduced Premises not to exceed a 15 foot strip running parallel to the centerline of the proposed Demising Wall. Lessor shall
provide Lessee with at least forty-five (45) days written notice prior to commencing the Demising Wall Work. Lessor shall ensure that power to the Reduced Premises shall not be interrupted at any time by the performance of the Demising Wall
Work and Lessor may cutover to temporary power supply sources and/or back-up generators, if necessary to ensure non-interruption. If Lessor performs the cutover to temporary power, Lessor shall coordinate with Lessee to schedule any work associated
with the installation of the separate electrical, natural gas and water meters or submeters, including any cutover to temporary power, to be performed during times that will interfere the least with Lessee’s business operations, including
during off hours and weekends. 
 (b) Lessor, at Lessor’s sole expense, has caused construction drawings and specifications
to be prepared for the Demising Wall Work, which show in detail the intended design and construction of the Demising Wall and Lessee has reviewed and approved such drawings and specifications (the “Plans”), reduced copies of which
arc attached hereto as Exhibit C. Lessor has submitted the Plans for a plan check, and shall diligently continue to seek approval by the appropriate authorities with the County of San Bernardino (the “Preliminary
Work”) and Lessor shall provide Lessee with a copy of any such approvals or other documents received by the appropriate authorities as well as receipts for the permit fees paid for the submittal of the Preliminary Work Plans to the County
of San Bernardino. If the Preliminary Work requires revisions to the Plans, Lessor shall make such revisions at its sole expense. Lessee shall have the right to approve any such revisions, which approval shall not be unreasonably withheld, provided
Lessee shall not be required to approve any revisions which change the location of the Demising Wall more than fifteen (15) feet from the centerline of the previously approved location. If the Preliminary Work indicates that the Demising Wall
Work requires additional work to comply with Applicable Requirements in the Reduced Premises, as part of the Demising Wall Work, if and when Lessor performs the Demising Wall Work, Lessor shall perform such additional work at its sole cost and
expense and shall indemnify, defend and hold Lessee harmless for any such non-compliance with Applicable Requirements. If, when and if it is performed by Lessor, the Demising Wall Work requires additional work to comply with Applicable Requirements
in the Reduced Premises which was not identified in the Preliminary Work, Lessor shall give notice to Lessee of the estimated cost of such additional work and shall perform such additional work. Lessee shall reimburse Lessor for half of the cost
incurred by Lessor to perform the additional work to comply with Applicable Requirements; provided, however, if the nature of any such additional work requires a capital expenditure as determined in accordance with generally accepted accounting
principles consistently applied, then Lessee shall reimburse Lessor each year for Lessee’s Share of the Capital Item (as defined in the Lease) through the end of the Lease Term as it may be extended. With respect to any portion of such
additional work that does not require a capital expenditure, as 

  
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determined in accordance with generally accepted accounting principles consistently applied, then Lessee shall reimburse Lessor within thirty (30) days following its demand for such half the
cost of such additional work. 
 (c) Lessor shall perform the Demising Wall Work in accordance with all applicable laws,
conditions, covenants or restrictions and other matters of record, building codes, regulations and ordinances, including without limitation, the Americans with Disabilities Act of 1990, as amended (“Applicable Requirements”). Lessor
shall also perform the Demising Wall Work in accordance with the Plans and in a manner which will not jeopardize the certificate of occupancy for the Reduced Premises. Notwithstanding anything in Paragraphs 2.3 or 6.3 of the Lease to the contrary,
Lessor shall be solely responsible for any non-compliance with Applicable Requirements in the Remainder Space where triggered by or otherwise arising in connection with the Demising Wall Work. 

(d) To minimize interference to Lessee’s business operations, Lessor shall use best efforts to cause the Demising Wall Work to be
completed as quickly as reasonably possible, including utilizing overtime and providing contractor incentives, such that the portion of the Demising Wall Work, such as framing and drywall application, that takes place within the Reduced Premises
shall be completed within a time period not to exceed thirty (30) days. During the construction of the Demising Wall, Lessor shall use reasonable efforts to: (i) prevent debris and other materials arising from the construction of the
Demising Wall from entering the Reduced Premises; (ii) minimize to the maximum extent reasonably possible interference with Lessee’s business operations; and (iii) avoid any damage to the Reduced Premises or Lessee’s personal
property, inventory, Trade Fixtures, and/or furnishings and equipment. If Lessee incurs additional costs for security services during the performance of the Demising Wall Work, such as the hiring of a security guard or erecting a fence, Lessor shall
reimburse Lessee within thirty (30) days following its demand for one-half (1/2) of the costs so incurred. Lessor shall be solely responsible for any utility costs and expenses incurred in connection with the Demising Wall Work.

 (e) Once Lessee vacates the Remainder Space, Lessee shall no longer be required to pay Base Rent, Operating Expenses or Real
Property Taxes for the Remainder Space. 
 (g) Except to the extent due to the active negligence or willful misconduct of
Lessee, Lessor shall protect, indemnify and hold Lessee, its agents, contractors, employees, licensees or invitees harmless from and against any and all losses, claims, liabilities or costs (including court costs and reasonable attorneys’ fees)
incurred by reason of: (i) any damage to any property (including but not limited to property of any Lessee Entity) or any injury (including but not limited to death) to any person occurring in, on or about the Property or the Building to the
extent that such injury or damage shall be caused by or arise directly or indirectly from the performance of the Demising Wall Work by Lessor or its agents, contractors, employees, licensees or invitees to meet any standards imposed by any duty with
respect to the injury or damage. 

  
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 (h) If the Reduced Premises, or a material portion of the Reduced Premises, is made
untenantable as a result of Lessor’s performance of the Demising Wall Work (each, an “Abatement Event”), then Tenant shall be entitled to receive an abatement of Base Rent, Operating Expenses and Real Estate Taxes payable
hereunder in the same proportion that the area rendered untenantable in proportion to the area of the Reduced Premises until the Abatement Event has ceased. 
 14. Condition of Remainder Space. Lessee shall deliver the Remainder Space in the condition required under the Lease as of the end of the term. Subject to the foregoing, Lessor shall be
solely responsible for any work required to render the Remainder Space as legally occupiable under Applicable Requirements. 

15. Brokers. Lessee was represented in the transaction evidenced by this Amendment by Lee & Associates
(“Lessee’s Broker”), a licensed real estate broker. Lessor was represented in the transaction evidenced by this Amendment by CB Richard Ellis (“Lessor’s Broker”), a licensed real estate broker. Lessor shall
be solely responsible for paying any commission or fee owed to Lessor’s Broker or Lessee’s Broker in connection with this Amendment pursuant to a separate agreement. Except as provided in the immediately following sentence, each party to
this Amendment shall indemnify, defend and hold harmless the other party from and against any and all claims asserted against such other party by any real estate broker, finder or intermediary relating to any act of the indemnifying party in
connection with this Amendment. 
 16. Ratification. Lessor and Lessee hereby ratify and confirm all of the terms
of the Lease as amended in paragraphs 1 through 14 of this Amendment. Lessor represents and warrants that as of the date hereof, to Lessor’s actual knowledge, there exists no breach, default or event of default by Lessee under the Lease, or any
event or condition which, with notice or passage of time or both, would constitute a breach, default or event of default by Lessee under the Lease. Lessee represents and warrants that as of the date hereof, to Lessee’s actual knowledge, there
exists no breach, default or event of default by Lessor under the Lease, or any event or condition which, with notice or passage of time or both, would constitute a breach, default or event of default by Lessor under the Lease. 

17. Counterparts; Facsimile Delivery. This Amendment may be executed by all parties in counterparts in which event each
shall be deemed an original and all of which shall constitute one and the same agreement. This Amendment shall be deemed validly executed and delivered if an executed counterpart is transmitted by electronic facsimile and the original is
subsequently delivered to the other party. 
 IN WITNESS WHEREOF, Lessor and Lessee have executed this Amendment as of the date
first above written. 
  

			
	LESSOR:	  	LESSEE:
		
	CAMPBELL HAWAII INVESTOR, LLC, a	  	LEAPFROG ENTERPRISES, INC.,
	Hawaii limited liability company	  	a Delaware corporation

  
 12 

									
	By:	  	James Campbell Company LLC, a Delaware limited	  	By:	  	 /s/ William B. Chiasson

		  	liability company, its Manager	  	Name:	  	 William B. Chiasson

		  		  	Title:	  	 CEO

					
		  	By:	  	 /s/ Dorine Holsey Streefer
	  	By:	  	 /s/ Mark Etnyre

		  	Name:	  	 Dorine Holsey Streefer
	  	Name:	  	 Mark Etnyre

		  	Title:	  	 Executive Vice President
	  	Title:	  	 CFO

		  		  	 Real Estate investment Management
	  		  	
					
		  	By:	  	 /s/ Clyde A. Skeen
	  		  	
		  	Name:	  	 Clyde A. Skeen
	  		  	
		  	Title:	  	 Vice President
	  		  	
		  		  	 Regional Manager
	  		  	

  
 13 

 Exhibit A 
 Premises 

  
 14 

 Exhibit “A” 

[schematics omitted] 

 Exhibit B 
 ROFR Amendment 
 ROFR AMENDMENT TO INDUSTRIAL LEASE
– NET 
 THIS AMENDMENT (“Amendment”) is made and entered into as of
                    , 20    , by and between CAMPBELL HAWAII INVESTOR LLC, a Hawaii limited liability company
(“Lessor”), and LEAPFROG ENTERPRISES, a Delaware corporation (“Lessee”). 
 Lessor’s
predecessor-in-interest, SP Kaiser Gateway 1, LLC, a Delaware limited liability company, and Lessee entered into that certain Industrial Lease – Net dated March 31, 2004, as amended by that certain Amendment No. 1 dated March 15,
2010 (“Amendment No. 1”). The Industrial Lease and Amendment No. 1 are, collectively, the “Lease”) with respect to certain premises identified as 13479 Valley Boulevard, Fontana, California. Capitalized
words and phrases for which no definition is given in this Amendment shall have the meanings given them in the Lease. By executing and delivering this Amendment, Lessee is exercising a right of first offer to expand the Premises pursuant to the
terms of Amendment No. 1 in response to a Offer Notice from Lessor (this Amendment constituting the “ROFR Amendment” pursuant to Amendment No. 1) and Lessor and Lessee now desire to amend the Lease to evidence such expansion and
they therefore hereby agree as follows: 
 1. Amendment of Paragraph - 1.2 Premises. As of
                    , 20     [insert date that Remainder Space will be added to the Premises pursuant to the ROFR
Terms] (the “ROFR Amendment Effective Date”), the language added to Paragraph 1.2 of the Lease pursuant to the terms of Amendment No. 1 is hereby deleted and the “Premises” shall refer to the entire Building.

 2. Amendment of Paragraph - 1.3 Term. As of the ROFR Amendment Effective Date, Paragraph 1.3 of the Lease is hereby amended to
read as follows: 
 “1.3 Term. The “Original Term” shall commence July 23, 2004 and shall expire
                    , 20     (the “Expiration Date”). The “Term” of this Lease shall be
the Original Term and any Extension Term (as defined in Paragraph 39.4) which Lessee may elect pursuant to Paragraph 39.4.” 
 3. Amendment of Paragraph 1.5 - Base Rent. As of the ROFR Amendment Effective Date, paragraph 1.5 of the Lease is hereby amended to read as follows [insert Base Rent schedule from ROFR Terms
for Remainder Space and as determined pursuant to paragraph 10 of Amendment No. 1 for Reduced Premises.]: 

  
 15 

					
	 Period
	  	 Base Rent per Square
Foot per
Month
	  	 Base rent per Month

		  		  	
		  		  	
		  		  	
		  		  	
		  		  	
		  		  	

 4. Amendment of Paragraph 5 - Operating Expenses. As of the ROFR Amendment Effective
Date, the provisions of paragraph 4 of Amendment No. 1 are hereby deleted. 
 5. Amendment of Paragraph 7 -
Maintenance; Repairs. As of the ROFR Amendment Effective Date, the provisions of paragraph 5 of Amendment No. 1 are hereby deleted. 
 6. Amendment of Paragraph 8 - Insurance. As of the ROFR Amendment Effective Date, the provisions of paragraph 6 of Amendment No. 1 are hereby deleted. 

7. Amendment of Paragraph 10.2 - Payment of Taxes The language added to the end of Paragraph 10.2(a) of the Lease pursuant
to the terms of paragraph 7(a) of Amendment No. 1 limiting Lessee’s obligation with respect to an increase in Property Taxes resulting from a Reassessment Event shall not be applicable to that portion of the Premises which is added
pursuant to the ROFR Amendment, but shall remain for the rest of the Premises. 
 8. Amendment of Paragraph 39.4 -
Lessee’s Option to Extend Term. [Insert extension option provisions, if any, from the ROFR Terms]” 
 9.
Allocation of Utilities Costs. As of the ROFR Amendment Effective Date, the provisions of paragraph 11 of Amendment No. 1 are hereby deleted. 
 10. Ratification. Lessor and Lessee hereby ratify and confirm all of the terms of the Lease as amended in paragraphs 1 through 9 of this Amendment 

11. Counterparts; Facsimile Delivery. This Amendment may be executed by all parties in counterparts in which event each
shall be deemed an original and all of which shall constitute one and the same agreement. This Amendment shall be deemed validly executed and delivered if an executed counterpart is transmitted by electronic facsimile and the original is
subsequently delivered to the other party. 
 IN WITNESS WHEREOF, Lessor and Lessee have executed this Amendment as of the date
first above written. 

  
 16 

											
	LESSOR:	  	LESSEE:
		
	CAMPBELL HAWAII INVESTOR, LLC, a	  	LEAPFROG ENTERPRISES, INC.,
	Hawaii limited liability company	  	a Delaware corporation
					
	By:	  	James Campbell Company LLC, a	  		  	By:	  	  

		  	Delaware limited liability company, its manager	  		  	Name:	  	  

		  		  		  	Title:	  	  

						
		  	By:	  	  
	  		  	By:	  	  

		  	Name:	  	  
	  		  	Name:	  	  

		  	Title:	  	  
	  		  	Title:	  	  

						
		  	By:	  	  
	  		  		  	
		  	Name:	  	  
	  		  		  	
		  	Title:	  	  
	  		  		  	

  
 17 

 Exhibit C 
 Plans 

  
 18 

 Exhibit “C” 

[schematics omitted] 

 Exhibit “C” 

[schematics omitted]Executive Management Severance and Change in Control Benefit Plan

 Exhibit 10.15 
 LEAPFROG ENTERPRISES, INC. 
 EXECUTIVE MANAGEMENT SEVERANCE 

AND CHANGE IN CONTROL BENEFIT PLAN

 ADOPTED OCTOBER 30, 2007 

AMENDED AND RESTATED FEBRUARY 8, 2011 

Section 1. INTRODUCTION. 
 The LeapFrog Enterprises, Inc. Executive Management Severance and Change in Control Benefit Plan (the “Plan”) was established effective October 30, 2007 and is hereby amended
and restated effective February 8, 2011. The purpose of the Plan is to provide for the payment of severance benefits to certain eligible executive management employees of LeapFrog Enterprises, Inc. (the “Company”) and
its subsidiaries (the “Subsidiaries”, referred to collectively with the Company as “LeapFrog”) in the event that such employees are subject to qualifying employment terminations. This Plan shall
supersede any severance benefit plan, policy or practice previously maintained by LeapFrog, other than (i) the LeapFrog Enterprises, Inc. Senior Management Severance and Change in Control Benefit Plan, (ii) the LeapFrog Enterprises, Inc.
Management Severance and Change in Control Benefit Plan and (iii) an individually negotiated agreement relating to severance or change in control benefits that is in effect on an employee’s termination date, in which case such
employee’s severance benefit, if any, shall be governed by the terms of such individually negotiated agreement and shall be governed by this Plan only to the extent that the Plan Administrator, in its sole discretion, so determines on a case by
case basis, pursuant to Section 3(a) below. This Plan document also is the Summary Plan Description for the Plan. 
 Section 2.
DEFINITIONS. 
 For purposes of the Plan, the following terms are defined as follows: 

(a) “Base Salary” means the Eligible Employee’s annual base pay (excluding incentive pay, premium
pay, commissions, overtime, bonuses and other forms of variable compensation). 
 (b) “Board”
means the Board of Directors of the Company. 
 (c) “Cause” means any of the following has
occurred, as reasonably determined by the Company in good faith: 
 (i) the Eligible Employee is indicted for or
convicted of any felony or crime involving moral turpitude or dishonesty; 
 (ii) the Eligible Employee participates in
any fraud against LeapFrog; 
 (iii) the Eligible Employee materially breaches any material provision of a written
agreement with LeapFrog (including, without limitation, the Proprietary Information 

  
 1. 

 
and Inventions Agreement) or of a written policy of LeapFrog, provided that, if such breach is reasonably susceptible of cure, the Eligible Employee fails to cure such breach within a reasonable
period of time (to be determined by the Company in its sole discretion) after receiving notice of such breach from the Company; 
 (iv) the Eligible Employee engages in conduct that demonstrates unfitness to serve; or 
 (v) the Eligible Employee breaches his or her duties to Leapfrog, including, without limitation, persistent unsatisfactory performance of job duties; 

An Eligible Employee’s disability or death shall not constitute Cause for purposes of the Plan. 

(d) “Change in Control” means the occurrence, in a single transaction or in a series of related
transactions, of any one or more of the following events: 
 (i) any Exchange Act Person (as defined in the
Company’s 2002 Equity Incentive Plan) (other than Larry Ellison, Michael Milken, Lowell Milken, or any combination of the foregoing), becomes the owner, directly or indirectly, of securities of the Company representing more than fifty percent
(50%) of the combined voting power of the Company’s then outstanding securities other than by virtue of a merger, consolidation or similar transaction; 
 (ii) there is consummated a merger, consolidation or similar transaction involving (directly or indirectly) the Company and, immediately after the consummation of such merger, consolidation, or
similar transaction, the stockholders of the Company immediately prior thereto do not own, directly or indirectly, outstanding voting securities representing more than fifty percent (50%) of the combined voting power of the surviving entity in
such merger, consolidation or similar transaction or more than fifty percent (50%) of the combined outstanding voting power of the parent of the surviving entity in such merger, consolidation or similar transaction; 

(iii) the stockholders of the Company approve or the Board approves a plan of complete dissolution or liquidation of the Company;
or 
 (iv) there is consummated a sale, lease, license or other disposition of all or substantially all of the
consolidated assets of the Company and its Subsidiaries, other than a sale, lease, license or other disposition of all or substantially all of the consolidated assets of the Company and its Subsidiaries to an entity, more than fifty percent
(50%) of the combined voting power of the voting securities of which are owned by stockholders of the Company in substantially the same proportions as their ownership of the Company immediately prior to such sale, lease, license, or other
disposition. 
 (e) “Code” means the Internal Revenue Code of 1986, as amended. 

  
 2. 

 (f) “Company” means LeapFrog Enterprises, Inc. or, following
a Change in Control, the surviving entity resulting from such event. 
 (g) “Covered Termination”
means (i) a termination by LeapFrog without Cause or (ii) a Good Reason Resignation by the Eligible Employee. 

(h) “Eligible Employee” means an executive management employee of LeapFrog who is designated in writing by
the Company as an Eligible Employee entitled to benefits under this Plan upon a Covered Termination; provided, however, that the President and Chief Executive Officer of the Company shall not be eligible to participate in the Plan unless
specifically authorized by the Board or an authorized committee thereof. 
 (i) “ERISA” means the
Employee Retirement Income Security Act of 1974, as amended. 
 (j) “Good Reason Resignation”
means a voluntary termination of employment by an Eligible Employee within sixty (60) days after the occurrence of one of the following events without the Eligible Employee’s consent: 

(i) a material diminution in the Eligible Employee’s authority, duties, or responsibilities; 

(ii) a reduction in the Eligible Employee’s Base Salary in an amount greater than ten percent (10%) of the Eligible
Employee’s Base Salary prior to such reduction, unless the Base Salary of other similarly-situated employees of LeapFrog is reduced by at least the same percentage; 
 (iii) a change in the geographic location of the Eligible Employee’s workplace by more than fifty (50) miles from its previous location; or 

(iv) a material breach by LeapFrog of the agreement under which the Eligible Employee is employed. 

Prior to any Good Reason Resignation, the Eligible Employee must provide written notice to the Company of the existence of the Good
Reason event within thirty (30) days following the initial existence of the event, and the Company shall have a period of thirty (30) days following such notice to cure the event. If the event is cured within such time period, the Eligible
Employee shall not be entitled to terminate his or her employment pursuant to a Good Reason Resignation. 
 Section 3.
ELIGIBILITY FOR BENEFITS. 
 (a) General Rules. Subject to
Section 3(b), the Company will provide the severance benefits described in Section 4 to Eligible Employees whose employment has terminated pursuant to a Covered Termination. Notwithstanding the foregoing, the severance benefits, if any,
under the Plan of an Eligible Employee who has an individually negotiated agreement relating to severance or change in control benefits that is in effect on such Eligible Employee’s termination date shall be determined by the Plan
Administrator, in its sole 

  
 3. 

 
discretion, on a case by case basis, such that a determination in the case of one Eligible Employee shall have no bearing on the determination in the case of another Eligible Employee, even if
similarly situated, and such determination may involve (i) the application of the severance benefits set forth in Section 4 with an offset reflecting the value of benefits under such individually negotiated agreement, (ii) the
disqualification of the Eligible Employee from any severance benefits under the Plan, or (iii) such other benefits as the Plan Administrator, in its sole discretion, may determine. 

(b) Exceptions to Benefit Entitlement. An employee, whether or not otherwise an Eligible Employee, will not receive benefits under
the Plan (or will receive reduced benefits under the Plan, as applicable) in the following circumstances, as determined by the Company in its sole discretion: 
 (i) The employee’s employment is terminated by LeapFrog for Cause. 

(ii) The employee voluntarily terminates employment with LeapFrog and such termination does not constitute a Good Reason
Resignation. Voluntary terminations include, but are not limited to, resignation, retirement or failure to return from a leave of absence on the scheduled return date. 
 (iii) The employee voluntarily terminates employment with LeapFrog in order to accept employment with another entity that is wholly or partly owned (directly or indirectly) by the Company or an
affiliate of the Company. 
 (iv) The employee is offered immediate reemployment by a successor to LeapFrog or by a
purchaser of any of its assets, as the case may be, following a change in ownership of the Company or one or more of its Subsidiaries, or sale of all or substantially all the assets of the Company or one or more of the Subsidiaries, or any division
or business unit of LeapFrog. For purposes of the foregoing, “immediate reemployment” means that the employee’s employment with such successor or purchaser, as the case may be, results in uninterrupted employment such that the
employee does not suffer a lapse in pay as a result of the change in ownership or sale of assets. Notwithstanding the foregoing, even if such employee does not suffer a lapse in pay, if such employee is otherwise an Eligible Employee and terminates
employment pursuant to a Good Reason Resignation, the Eligible Employee shall be entitled to receive benefits under the Plan in accordance with Section 4. 
 Section 4. AMOUNT OF BENEFIT. 
 (a) Severance Payment. In the event of an Eligible Employee’s Covered Termination, the Eligible Employee shall be entitled to receive cash severance benefits equal to following: (i) the
number of months of Base Salary set forth in the second column of the table in Section 4(d)(i) or 4(d)(ii), as applicable (the “Base Severance”), and (ii) if the Covered Termination occurs during a Change in Control
Period (as defined below), a payment equal to the percentage of the Eligible Employee’s annual bonus at target (the “Target Bonus”) (as such Target Bonus is set forth in the employee’s governing employment agreement
or under the terms of the applicable bonus program for the calendar year in which the Eligible Employee’s Covered Termination occurs, as such agreement or program may be in effect at the time of such Covered

  
 4. 

 
Termination) as set forth in the third column of the table in Section 4(d)(ii) (the “Bonus Severance”). The Base Severance and, if applicable, the Bonus Severance are
intended to provide the Eligible Employee with compensation for the period following a Covered Termination. Any bonus or other incentive compensation payable to the Eligible Employee for services rendered at any time prior to the date of the
Covered Termination shall be determined in accordance with the terms of the applicable employment agreement or bonus plan or program. The following shall apply for purposes of determining an Eligible Employee’s severance benefits: 

(i) If the Covered Termination does not occur during a Change in Control Period (as defined below), the Base Severance shall be
determined pursuant to Section 4(d)(i); 
 (ii) If the Covered Termination occurs during the period beginning three
(3) months before and ending twelve (12) months after a Change in Control (the “Change in Control Period”), the Base Severance and Bonus Severance shall be determined pursuant to Section 4(d)(ii), and the
Eligible Employee shall not be entitled to receive any benefits pursuant to Section 4(d)(i); and 
 (iii) The
Eligible Employee’s Base Salary shall be determined at the rate in effect during the last regularly scheduled payroll period immediately preceding the date of the Eligible Employee’s Covered Termination. 

(b) Continued Insurance Benefits. Provided that an Eligible Employee elects continued coverage under the Consolidated Omnibus
Budget Reconciliation Act of 1985 (“COBRA”), the Company shall pay the full amount of premiums for the Eligible Employee’s group medical, dental and vision coverage, including coverage for the Eligible Employee’s
eligible dependents, through the earlier of (i) the applicable number of months set forth in Section 4(d) following the Covered Termination (the “Severance Period”) or (ii) the date that the Eligible Employee
becomes eligible for group health coverage through a subsequent employer. Each Eligible Employee shall be required to notify the Company immediately if the Eligible Employee becomes eligible to be covered by a group medical, dental or vision
insurance plan of a subsequent employer. No provision of this Plan will affect the continuation coverage rules under COBRA, except that the Company’s payment of any applicable insurance premiums will be credited as payment by the Eligible
Employee for purposes of the Eligible Employee’s payment required under COBRA. Therefore, the period during which an Eligible Employee may elect whether or not to continue the Company’s group medical, dental or vision coverage under COBRA,
the length of time during which COBRA continuation coverage will be made available to the Eligible Employee, and all other rights and obligations of the Eligible Employee under COBRA will be applied in the same manner that such rules would apply in
the absence of this Plan. Upon the expiration of the period during which the Company will pay the premiums for the Eligible Employee’s coverage, the Eligible Employee will be responsible for the entire payment of premiums required under COBRA
for the duration of the COBRA continuation period. For purposes of this Section 4(b), (i) references to COBRA shall be deemed to refer also to analogous provisions of state law and (ii) any applicable insurance premiums that are paid
by the Company shall not include any amounts payable by the Eligible Employee under an Internal Revenue Code Section 125 health care reimbursement plan, which amounts, if any, are the sole

  
 5. 

 
responsibility of the Eligible Employee. The following shall apply for purposes of determining the maximum number of months of premiums that the Company shall pay for the Eligible Employee’s
coverage under COBRA pursuant to the foregoing: 
 (i) If the Covered Termination occurs outside of the Change in
Control Period, the applicable number of months shall be determined pursuant to Section 4(d)(i); 
 (ii) If the
Covered Termination occurs during the Change in Control Period, the applicable number of months shall be determined pursuant to Section 4(d)(ii), and the Eligible Employee shall not be entitled to receive any benefits pursuant to
Section 4(d)(i). 
 (c) Acceleration of Vesting. If an Eligible Employee’s Covered Termination occurs during
the Change in Control Period, upon such Covered Termination (i) the vesting and exercisability of all outstanding options to purchase the Company’s stock held by the Eligible Employee on such date shall be accelerated in full, and
(ii) all other stock awards that are held by the Eligible Employee on such date shall vest in full, and any reacquisition or repurchase rights held by the Company with respect to such stock awards shall lapse. Any such options shall remain
exercisable by the Eligible Employee until the period provided by the agreements evidencing such options, but in no event beyond the expiration date of such options. No accelerated vesting benefits will be provided if an Eligible Employee’s
Covered Termination occurs outside of the Change in Control Period. 
 (d) Amount of Benefits. 

(i) Covered Termination Outside of the Change in Control Period. 

 

					
	 Base Severance

(Months of Base Salary)
	 	 COBRA
	 	 Form of Payment

	 12
	 	12 months	 	Installments

 (ii)
Covered Termination During the Change in Control Period. 
  

									
	 Base Severance

(Months of Base Salary)
	 	 Bonus Severance
	 	 COBRA
	 	 Equity Acceleration
	 	 Form of Payment

	 24
	 	200% of Target Bonus	 	24 months	 	100%	 	Lump Sum

 Section 5.
TIME AND FORM OF SEVERANCE PAYMENTS. 
 (a) General Rules. Any cash severance benefits provided under this Plan shall be paid, consistent with the terms set forth in Section 4(d)(i) or 4(d)(ii) (as applicable), in either a lump sum
or in equal bi-monthly installments paid over the number of months in the 

  
 6. 

 
Severance Period on the Company’s regularly scheduled payroll periods, with such payment(s) occurring or commencing as soon as practicable following the effective date of the Eligible
Employee’s Covered Termination. Severance payments shall be paid subject to applicable withholding for federal, state and local taxes. In the event of an Eligible Employee’s death, any cash severance benefits payable to such employee shall
be made to his/her estate on the same payment schedule as would have occurred absent the Eligible Employee’s death. In no event shall payment of any Plan benefit be made prior to the effective date of the Eligible Employee’s Covered
Termination or prior to the effective date of the release described in Section 6(a). 
 (b) Application of
Section 409A. Severance payments pursuant to Section 4(a), to the extent of payments made from the date of the Covered Termination through March 15 of the calendar year following the Covered Termination, are intended to constitute
separate payments for purposes of Section 1.409A-2(b)(2) of the Treasury Regulations and thus payable pursuant to the “short-term deferral” rule set forth in Section 1.409A-1(b)(4) of the Treasury Regulations. To the extent such
payments are made following said March 15, they are intended to constitute separate payments for purposes of Section 1.409A-2(b)(2) of the Treasury Regulations made upon an involuntary termination from service and payable pursuant to
Section 1.409A-1(b)(9)(iii) of the Treasury Regulations, to the maximum extent permitted by such provision, with any excess amount being regarded as subject to the distribution requirements of Section 409A(a)(2)(A) of the Code, including,
without limitation, the requirement of Section 409A(a)(2)(B)(i) of the Code that payment be delayed until six (6) months after separation from service if the Eligible Employee is a “specified employee” within the meaning of
Section 409A(a)(2)(B)(i) of the Code at the time of such separation from service. 
 Section 6. LIMITATIONS
ON BENEFITS. 
 (a) Release. In order to be eligible to receive benefits under the Plan,
an Eligible Employee must execute a general waiver and release in substantially the form attached hereto as Exhibit A, Exhibit B or Exhibit C, as appropriate, and such release must become effective in accordance with its terms not
later than sixty (60) days following the date of the Covered Termination. The Company, in its discretion, may modify the form of the required release to comply with applicable law and shall determine the form of the required release, which may
be incorporated into a termination agreement or other agreement with the Eligible Employee. 
 (b) Certain Reductions and
Offsets. The Plan Administrator, in its sole discretion, shall have the authority to reduce an Eligible Employee’s severance benefits under the Plan, in whole or in part, by any other severance benefits, pay in lieu of notice, or other
similar benefits payable to the Eligible Employee by the Company that become payable in connection with the Eligible Employee’s termination of employment pursuant to (i) any applicable legal requirement, including, without limitation, the
Worker Adjustment and Retraining Notification Act (the “WARN Act”), or (ii) any Company policy or practice providing for the Eligible Employee to remain on the payroll for a limited period of time after being given
notice of the termination of the Eligible Employee’s employment. The benefits provided under this Plan are intended to satisfy, in whole or in part, any and all statutory obligations that may arise out of an Eligible Employee’s
termination of employment, and the Plan Administrator shall so construe and implement the terms of the Plan. The Plan Administrator’s decision to apply such reductions 

  
 7. 

 
to the severance benefits of one Eligible Employee and the amount of such reductions shall in no way obligate the Company to apply the same reductions in the same amounts to the severance
benefits of any other Eligible Employee, even if similarly situated. In the Company’s sole discretion, such reductions may be applied on a retroactive basis, with severance benefits previously paid being re-characterized as payments pursuant to
the Company’s statutory obligation. 
 (c) Mitigation. Except as otherwise specifically provided herein, an Eligible
Employee shall not be required to mitigate damages or the amount of any payment provided under this Plan by seeking other employment or otherwise, nor shall the amount of any payment provided for under this Plan be reduced by any compensation earned
by an Eligible Employee as a result of employment by another employer or any retirement benefits received by such Eligible Employee after the date of the Covered Termination. 
 (d) Termination of Benefits. Benefits under this Plan shall terminate immediately if the Eligible Employee, at any time, violates any proprietary information or confidentiality obligation to the
Company. 
 (e) Non-Duplication of Benefits. No Eligible Employee is eligible to receive benefits under this Plan more
than one time. 
 (f) Indebtedness of Eligible Employees. If a terminating employee is indebted to the Company or an
affiliate of the Company at his or her termination date, the Company reserves the right to offset any severance payments under the Plan by the amount of such indebtedness. 
 (g) Parachute Payments. If any payment or benefit an Eligible Employee would receive in connection with a Change in Control or otherwise (“Payment”) would
(i) constitute a “parachute payment” within the meaning of Section 280G of the Code, and (ii) but for this sentence, be subject to the excise tax imposed by Section 4999 of the Code (the “Excise
Tax”), then such Payment shall be equal to the Reduced Amount. 
 The “Reduced Amount” shall be either
(x) the largest portion of the Payment that would result in no portion of the Payment being subject to the Excise Tax or (y) the largest portion, up to and including the total, of the Payment, whichever amount, after taking into account
all applicable federal, state and local employment taxes, income taxes, and the Excise Tax (all computed at the highest applicable marginal rate), results in the Eligible Employee’s receipt, on an after-tax basis, of the greater amount of the
Payment, notwithstanding that all or some portion of the Payment may be subject to the Excise Tax. If a reduction in payments or benefits constituting “parachute payments” is necessary so that the Payment equals the Reduced Amount,
reduction shall occur in the following order, unless the Eligible Employee elects in writing a different order; provided, however, that such election shall be subject to Company approval if made on or after the effective date of the event
that triggers the Payment: reduction of cash payments; cancellation of accelerated vesting of stock options; reduction of employee benefits. In the event that acceleration of vesting of stock options is to be reduced, such acceleration of vesting
shall be cancelled in the reverse order of the date of grant of such options 

  
 8. 

 
(i.e., earliest granted option cancelled last) unless the Eligible Employee elects in writing a different order for cancellation. 

The accounting firm engaged by the Company for general audit purposes as of the day prior to the effective date of the Change in Control
shall perform the foregoing calculations. If the accounting firm so engaged by the Company is serving as accountant or auditor for the individual, entity or group effecting the Change in Control, the Company shall appoint a nationally recognized
accounting firm to make the determinations required hereunder. The Company shall bear all expenses with respect to the determinations by such accounting firm required to be made hereunder. 

The accounting firm engaged to make the determinations hereunder shall provide its calculations, together with detailed supporting
documentation, to the Company and the Eligible Employee within fifteen (15) calendar days after the date on which the Eligible Employee’s right to a Payment is triggered (if requested at that time by the Company or the Eligible Employee)
or such other time as requested by the Company or the Eligible Employee. If the accounting firm determines that no Excise Tax is payable with respect to a Payment, either before or after the application of the Reduced Amount, it shall furnish the
Company and the Eligible Employee with an opinion reasonably acceptable to the Eligible Employee that no Excise Tax will be imposed with respect to such Payment. Any good faith determinations of the accounting firm made hereunder shall be final,
binding and conclusive upon the Company and the Eligible Employee. 
 Section 7. RIGHT TO
INTERPRET PLAN; AMENDMENT AND TERMINATION. 

(a) Exclusive Discretion. The Plan Administrator shall have the exclusive discretion and authority to establish rules, forms, and
procedures for the administration of the Plan and to construe and interpret the Plan and to decide any and all questions of fact, interpretation, definition, computation or administration arising in connection with the operation of the Plan,
including, but not limited to, the eligibility to participate in the Plan and amount of benefits paid under the Plan. The rules, interpretations, computations and other actions of the Plan Administrator shall be binding and conclusive on all
persons. 
 (b) Amendment or Termination. The Company reserves the right to amend or terminate this Plan or the benefits
provided hereunder at any time; provided, however, that during the Change in Control Period, the Plan may not be amended or terminated in any way to adversely affect any Eligible Employee’s benefits hereunder without such Eligible
Employee’s express written consent. Any action amending or terminating the Plan shall be in writing and executed by the Board or any duly authorized committee thereof. 
 Section 8. TERMINATION OF CERTAIN EMPLOYEE BENEFITS. 

All non-health benefits (such as life insurance, disability and 401(k) plan coverage) terminate as of an Eligible Employee’s
termination date (except to the extent that a conversion privilege may be available thereunder). 

  
 9. 

 Section 9. NO IMPLIED EMPLOYMENT
CONTRACT. 
 The Plan shall not be deemed (i) to give any employee or other person any right to be
retained in the employ of the Company or (ii) to interfere with the right of the Company to discharge any employee or other person at any time, with or without cause, which right is hereby reserved. 

Section 10. LEGAL CONSTRUCTION. 
 This Plan is intended to be governed by and shall be construed in accordance with ERISA and, to the extent not preempted by ERISA, the laws of the State of California. 

Section 11. CLAIMS, INQUIRIES AND APPEALS. 

(a) Applications for Benefits and Inquiries. Any application for benefits, inquiries about the Plan or inquiries about present or
future rights under the Plan must be submitted to the Plan Administrator in writing by an applicant (or his or her authorized representative). The Plan Administrator is: 
 LeapFrog Enterprises, Inc. 
 6401 Hollis Street, Suite 100 

Emeryville, CA 94608 
 (b) Denial of Claims. In the event that any application for benefits is denied in whole or in part, the Plan Administrator must provide the applicant with written or electronic notice of the denial
of the application, and of the applicant’s right to review the denial. Any electronic notice will comply with the regulations of the U.S. Department of Labor. The notice of denial will be set forth in a manner designed to be understood by the
applicant and will include the following: 
 (i) the specific reason or reasons for the denial; 

(ii) references to the specific Plan provisions upon which the denial is based; 

(iii) a description of any additional information or material that the Plan Administrator needs to complete the review and an
explanation of why such information or material is necessary; and 
 (iv) an explanation of the Plan’s review
procedures and the time limits applicable to such procedures, including a statement of the applicant’s right to bring a civil action under Section 502(a) of ERISA following a denial on review of the claim, as described in
Section 11(d) below. 
 This notice of denial will be given to the applicant within ninety (90) days after the Plan
Administrator receives the application, unless special circumstances require an extension of time, in which case, the Plan Administrator has up to an additional ninety (90) days for processing the application. If an extension of time for
processing is required, written notice 

  
 10.

 
of the extension will be furnished to the applicant before the end of the initial ninety (90) day period. 
 This notice of extension will describe the special circumstances necessitating the additional time and the date by which the Plan Administrator is to render its decision on the application. 

(c) Request for a Review. Any person (or that person’s authorized representative) for whom an application for benefits is
denied, in whole or in part, may appeal the denial by submitting a request for a review to the Plan Administrator within sixty (60) days after the application is denied. A request for a review shall be in writing and shall be addressed to:

 LeapFrog Enterprises, Inc. 
 6401 Hollis Street, Suite 100 
 Emeryville, CA 94608 

A request for review must set forth all of the grounds on which it is based, all facts in support of the request and any other matters that the applicant
feels are pertinent. The applicant (or his or her representative) shall have the opportunity to submit (or the Plan Administrator may require the applicant to submit) written comments, documents, records, and other information relating to his or her
claim. The applicant (or his or her representative) shall be provided, upon request and free of charge, reasonable access to, and copies of, all documents, records and other information relevant to his or her claim. The review shall take into
account all comments, documents, records and other information submitted by the applicant (or his or her representative) relating to the claim, without regard to whether such information was submitted or considered in the initial benefit
determination. 
 (d) Decision on Review. The Plan Administrator will act on each request for review within sixty
(60) days after receipt of the request, unless special circumstances require an extension of time (not to exceed an additional sixty (60) days), for processing the request for a review. If an extension for review is required, written
notice of the extension will be furnished to the applicant within the initial sixty (60) day period. This notice of extension will describe the special circumstances necessitating the additional time and the date by which the Plan Administrator
is to render its decision on the review. The Plan Administrator will give prompt, written or electronic notice of its decision to the applicant. Any electronic notice will comply with the regulations of the U.S. Department of Labor. In the event
that the Plan Administrator confirms the denial of the application for benefits in whole or in part, the notice will set forth, in a manner calculated to be understood by the applicant, the following: 

(i) the specific reason or reasons for the denial; 
 (ii) references to the specific Plan provisions upon which the denial is based; 

  
 11.

 (iii) a statement that the applicant is entitled to receive, upon request and free
of charge, reasonable access to, and copies of, all documents, records and other information relevant to his or her claim; and 

(iv) a statement of the applicant’s right to bring a civil action under Section 502(a) of ERISA. 

(e) Rules and Procedures. The Plan Administrator will establish rules and procedures, consistent with the Plan and with ERISA, as
necessary and appropriate in carrying out its responsibilities in reviewing benefit claims. The Plan Administrator may require an applicant who wishes to submit additional information in connection with an appeal from the denial of benefits to do so
at the applicant’s own expense. 
 (f) Exhaustion of Remedies. No legal action for benefits under the Plan may be
brought until the applicant (i) has submitted a written application for benefits in accordance with the procedures described by Section 11(a) above, (ii) has been notified by the Plan Administrator that the application is denied,
(iii) has filed a written request for a review of the application in accordance with the appeal procedure described in Section 11(c) above, and (iv) has been notified that the Plan Administrator has denied the appeal. Notwithstanding
the foregoing, if the Plan Administrator does not respond to a participant’s claim or appeal within the relevant time limits specified in this Section 11, the participant may bring legal action for benefits under the Plan pursuant to
Section 502(a) of ERISA. 
 Section 12. BASIS OF PAYMENTS TO
AND FROM PLAN. 
 The Plan shall be unfunded, and all cash payments under the
Plan shall be paid only from the general assets of the Company. 
 Section 13. OTHER PLAN
INFORMATION. 
 (a) Employer and Plan Identification Numbers. The Employer Identification Number
assigned to the Company (which is the “Plan Sponsor” as that term is used in ERISA) by the Internal Revenue Service is 95-4652013. The Plan Number assigned to the Plan by the Plan Sponsor pursuant to the instructions of the Internal
Revenue Service is 510. 
 (b) Ending Date for Plan’s Fiscal Year. The date of the end of the fiscal year for the
purpose of maintaining the Plan’s records is December 31. 
 (c) Agent for the Service of Legal Process. The
agent for the service of legal process with respect to the Plan is: 
 LeapFrog Enterprises, Inc. 

6401 Hollis Street, Suite 100 
 Emeryville, CA 94608 
 (d) Plan Sponsor and Administrator. The “Plan
Sponsor” and the “Plan Administrator” of the Plan is: 

  
 12.

 LeapFrog Enterprises, Inc. 

6401 Hollis Street, Suite 100 
 Emeryville, CA 94608 
 The Plan Sponsor’s and Plan Administrator’s
telephone number is (510) 420-5000. The Plan Administrator is the named fiduciary charged with the responsibility for administering the Plan. 
 Section 14. STATEMENT OF ERISA RIGHTS. 
 Participants in this Plan (which is a welfare benefit plan sponsored by LeapFrog Enterprises, Inc.) are entitled to certain rights and protections under ERISA. If you are an Eligible Employee, you are
considered a participant in the Plan and, under ERISA, you are entitled to: 
 (a) Receive Information About Your Plan and
Benefits 
 (i) Examine, without charge, at the Plan Administrator’s office and at other specified locations,
such as worksites, all documents governing the Plan and a copy of the latest annual report (Form 5500 Series), if applicable, filed by the Plan with the U.S. Department of Labor and available at the Public Disclosure Room of the Employee Benefits
Security Administration; 
 (ii) Obtain, upon written request to the Plan Administrator, copies of documents governing
the operation of the Plan and copies of the latest annual report (Form 5500 Series), if applicable, and an updated (as necessary) Summary Plan Description. The Administrator may make a reasonable charge for the copies; and 

(iii) Receive a summary of the Plan’s annual financial report, if applicable. The Plan Administrator is required by law to
furnish each participant with a copy of this summary annual report. 
 (b) Prudent Actions by Plan Fiduciaries. In
addition to creating rights for Plan participants, ERISA imposes duties upon the people who are responsible for the operation of the employee benefit plan. The people who operate the Plan, called “fiduciaries” of the Plan, have a duty to
do so prudently and in the interest of you and other Plan participants and beneficiaries. No one, including your employer, your union or any other person, may fire you or otherwise discriminate against you in any way to prevent you from obtaining a
Plan benefit or exercising your rights under ERISA. 
 (c) Enforce Your Rights. If your claim for a Plan benefit is
denied or ignored, in whole or in part, you have a right to know why this was done, to obtain copies of documents relating to the decision without charge, and to appeal any denial, all within certain time schedules. 

Under ERISA, there are steps you can take to enforce the above rights. For instance, if you request a copy of Plan documents or the
latest annual report from the Plan, if 

  
 13.

 
applicable, and do not receive them within 30 days, you may file suit in a Federal court. In such a case, the court may require the Plan Administrator to provide the materials and pay you up to
$110 a day until you receive the materials, unless the materials were not sent because of reasons beyond the control of the Plan Administrator. 
 If you have a claim for benefits which is denied or ignored, in whole or in part, you may file suit in a state or Federal court. 
 If you are discriminated against for asserting your rights, you may seek assistance from the U.S. Department of Labor, or you may file suit in a Federal court. The court will decide who should pay court
costs and legal fees. If you are successful, the court may order the person you have sued to pay these costs and fees. If you lose, the court may order you to pay these costs and fees, for example, if it finds your claim is frivolous. 

(d) Assistance with Your Questions. If you have any questions about the Plan, you should contact the Plan Administrator. If you
have any questions about this statement or about your rights under ERISA, or if you need assistance in obtaining documents from the Plan Administrator, you should contact the nearest office of the Employee Benefits Security Administration, U.S.
Department of Labor, listed in your telephone directory or the Division of Technical Assistance and Inquiries, Employee Benefits Security Administration, U.S. Department of Labor, 200 Constitution Avenue N.W., Washington, D.C. 20210. You may also
obtain certain publications about your rights and responsibilities under ERISA by calling the publications hotline of the Employee Benefits Security Administration. 
 Section 15. EXECUTION. 
 To record the adoption of the
amended and restated Plan as set forth herein, effective as of [                    ], 2011, LeapFrog Enterprises, Inc. has caused its duly
authorized officer to execute the same this          day of                     , 2011.

  

			
	LEAPFROG ENTERPRISES, INC.
		
	By:	 	  

		
	Title:	 	  

  
 14.

 For Employees Age 40 or Older 

Individual Termination 
 EXHIBIT A 
 RELEASE AGREEMENT 

I understand and agree completely to the terms set forth in the LeapFrog Enterprises, Inc. Executive Management Severance and Change
in Control Benefit Plan (the “Plan”). 
 I understand that this Release, together with the
Plan, constitutes the complete, final and exclusive embodiment of the entire agreement between LeapFrog Enterprises, Inc. (the “Company”) and me with regard to the subject matter hereof. I am not relying on any promise or
representation by the Company that is not expressly stated therein. Certain capitalized terms used in this Release are defined in the Plan. 
 I hereby confirm my obligations under my Employee Proprietary Information and Inventions Agreement. 
 I hereby represent that I have been paid all compensation owed and for all hours worked, have received all the leave and leave benefits and protections for which I am eligible, pursuant to the Family and
Medical Leave Act or otherwise, and have not suffered any on-the-job injury for which I have not already filed a claim. 
 In
exchange for the consideration to be provided to me under the Plan that I am not otherwise entitled to receive, I hereby generally and completely release the Company, its predecessors, successors, parent and subsidiary entities, and each of their
current and former directors, officers, employees, shareholders, partners, agents, attorneys, insurers, affiliates, and assigns from any and all claims, liabilities and obligations, both known and unknown, that arise out of or are in any way related
to events, acts, conduct, or omissions occurring prior to my signing this Release. This general release includes, but is not limited to: (a) all claims arising out of or in any way related to my employment with the Company or the termination of
that employment; (b) all claims related to my compensation or benefits from the Company, including salary, bonuses, commissions, vacation pay, expense reimbursements, severance pay, fringe benefits, stock, stock options, or any other ownership
interests in the Company; (c) all claims for breach of contract, wrongful termination, and breach of the implied covenant of good faith and fair dealing; (d) all tort claims, including claims for fraud, defamation, emotional distress, and
discharge in violation of public policy; and (e) all federal, state, and local statutory claims, including claims for discrimination, harassment, retaliation, attorneys’ fees, or other claims arising under the federal Civil Rights Act of
1964 (as amended), the federal Americans with Disabilities Act of 1990, and the federal Age Discrimination in Employment Act of 1967 (as amended) (“ADEA”). Nothing in this Release shall prevent me from challenging this
Release by filing, cooperating with, or participating in any proceeding before the Equal Employment Opportunity Commission, the Department of Labor, or any local fair employment practices agency, except that I hereby acknowledge and agree that I
shall not recover any monetary benefits in connection with any challenge to my Release. 

  
 1. 

 For Employees Age 40 or Older 

Individual Termination 
  

I acknowledge that I am knowingly and voluntarily waiving and releasing any rights I may have under the ADEA (“ADEA
Waiver”). I also acknowledge that the consideration given for the ADEA Waiver is in addition to anything of value to which I was already entitled. I further acknowledge that I have been advised by this writing, as required by the ADEA,
that: (a) my ADEA Waiver does not apply to any rights or claims that arise after the date I sign this Release; (b) I should consult with an attorney prior to signing this Release; (c) I have twenty-one (21) days to consider this
Release (although I may choose to voluntarily sign it sooner); (d) I have seven (7) days following the date I sign this Release to revoke the ADEA Waiver; and (e) the ADEA Waiver (and this Release) will not be effective until the date
upon which the revocation period has expired unexercised, which will be the eighth day after I sign this Release. 
 I
acknowledge that I have read and understand Section 1542 of the California Civil Code which reads as follows: “A general release does not extend to claims which the creditor does not know or suspect to exist in his or her favor at the
time of executing the release, which if known by him or her must have materially affected his or her settlement with the debtor.” I hereby expressly waive and relinquish all rights and benefits under that section and any law of any
jurisdiction of similar effect with respect to my release of any claims hereunder. 
 I acknowledge that to become effective, I
must sign and return this Release to the Company so that it is received not later than twenty-one (21) days following the date it is provided to me, and must not revoke the ADEA Waiver. 

 

			
	EMPLOYEE
		
	Name:	 	  

		
	Date:	 	  

  
 2. 

 For Employees Age 40 or Older 

Group Termination 

EXHIBIT B 
 RELEASE AGREEMENT 
 I understand and agree completely to the terms set
forth in the LeapFrog Enterprises, Inc. Executive Management Severance and Change in Control Benefit Plan (the “Plan”). 
 I understand that this Release, together with the Plan, constitutes the complete, final and exclusive embodiment of the entire agreement between LeapFrog Enterprises, Inc. (the
“Company”) and me with regard to the subject matter hereof. I am not relying on any promise or representation by the Company that is not expressly stated therein. Certain capitalized terms used in this Release are defined in
the Plan. 
 I hereby confirm my obligations under my Employee Proprietary Information and Inventions Agreement. 

I hereby represent that I have been paid all compensation owed and for all hours worked, have received all the leave and leave benefits
and protections for which I am eligible, pursuant to the Family and Medical Leave Act or otherwise, and have not suffered any on-the-job injury for which I have not already filed a claim. 

In exchange for the consideration to be provided to me under the Plan that I am not otherwise entitled to receive, I hereby generally and
completely release the Company, its predecessors, successors, parent and subsidiary entities, and each of their current and former directors, officers, employees, shareholders, partners, agents, attorneys, insurers, affiliates, and assigns from any
and all claims, liabilities and obligations, both known and unknown, that arise out of or are in any way related to events, acts, conduct, or omissions occurring prior to my signing this Release. This general release includes, but is not limited to:
(a) all claims arising out of or in any way related to my employment with the Company or the termination of that employment; (b) all claims related to my compensation or benefits from the Company, including salary, bonuses, commissions,
vacation pay, expense reimbursements, severance pay, fringe benefits, stock, stock options, or any other ownership interests in the Company; (c) all claims for breach of contract, wrongful termination, and breach of the implied covenant of good
faith and fair dealing; (d) all tort claims, including claims for fraud, defamation, emotional distress, and discharge in violation of public policy; and (e) all federal, state, and local statutory claims, including claims for
discrimination, harassment, retaliation, attorneys’ fees, or other claims arising under the federal Civil Rights Act of 1964 (as amended), the federal Americans with Disabilities Act of 1990, and the federal Age Discrimination in Employment Act
of 1967 (as amended) (“ADEA”). Nothing in this Release shall prevent me from challenging this Release by filing, cooperating with, or participating in any proceeding before the Equal Employment Opportunity Commission, the
Department of Labor, or any local fair employment practices agency, except that I hereby acknowledge and agree that I shall not recover any monetary benefits in connection with any challenge to my Release. 

  
 1. 

 For Employees Age 40 or Older 

Group Termination 
  

I acknowledge that I am knowingly and voluntarily waiving and releasing any rights I may have under the ADEA (“ADEA
Waiver”). I also acknowledge that the consideration given for the ADEA Waiver is in addition to anything of value to which I was already entitled. I further acknowledge that I have been advised by this writing, as required by the ADEA,
that: (a) my ADEA Waiver does not apply to any rights or claims that arise after the date I sign this Release; (b) I should consult with an attorney prior to signing this Release; (c) I have forty-five (45) days to consider this
Release (although I may choose to voluntarily sign it sooner); (d) I have seven (7) days following the date I sign this Release to revoke the ADEA Waiver; and (e) the ADEA Waiver (and this Release) will not be effective until the date
upon which the revocation period has expired unexercised, which will be the eighth day after I sign this Release. 
 I have
received with this Release a written disclosure of all of the information required by the ADEA, including without limitation a detailed list of the job titles and ages of all employees who were terminated in this group termination and the ages of
all employees of the Company in the same job classification or organizational unit who were not terminated, along with information on the eligibility factors used to select employees for the group termination and any time limits applicable to this
group termination program. 
 I acknowledge that I have read and understand Section 1542 of the California Civil Code which
reads as follows: “A general release does not extend to claims which the creditor does not know or suspect to exist in his or her favor at the time of executing the release, which if known by him or her must have materially affected his or
her settlement with the debtor.” I hereby expressly waive and relinquish all rights and benefits under that section and any law of any jurisdiction of similar effect with respect to my release of any claims hereunder. 

I acknowledge that to become effective, I must sign and return this Release to the Company so that it is received not later than
forty-five (45) days following the date this Release and the ADEA disclosure form is provided to me, and must not revoke the ADEA Waiver. 
  

			
	EMPLOYEE
		
	Name:	 	  

		
	Date:	 	  

  
 2. 

 For Employees Age 40 or Older 

Group Termination 

EXHIBIT C 
 RELEASE AGREEMENT 
 I understand and agree completely to the terms set
forth in the LeapFrog Enterprises, Inc. Executive Management Severance and Change in Control Benefit Plan (the “Plan”). 
 I understand that this Release, together with the Plan, constitutes the complete, final and exclusive embodiment of the entire agreement between LeapFrog Enterprises, Inc. (the
“Company”) and me with regard to the subject matter hereof. I am not relying on any promise or representation by the Company that is not expressly stated therein. Certain capitalized terms used in this Release are defined in
the Plan. 
 I hereby confirm my obligations under my Employee Proprietary Information and Inventions Agreement. 

I hereby represent that I have been paid all compensation owed and for all hours worked, have received all the leave and leave benefits
and protections for which I am eligible, pursuant to the Family and Medical Leave Act or otherwise, and have not suffered any on-the-job injury for which I have not already filed a claim. 

In exchange for the consideration to be provided to me under the Plan that I am not otherwise entitled to receive, I hereby generally and
completely release the Company, its predecessors, successors, parent and subsidiary entities, and each of their current and former directors, officers, employees, shareholders, partners, agents, attorneys, insurers, affiliates, and assigns from any
and all claims, liabilities and obligations, both known and unknown, that arise out of or are in any way related to events, acts, conduct, or omissions occurring prior to my signing this Release. This general release includes, but is not limited to:
(a) all claims arising out of or in any way related to my employment with the Company or the termination of that employment; (b) all claims related to my compensation or benefits from the Company, including salary, bonuses, commissions,
vacation pay, expense reimbursements, severance pay, fringe benefits, stock, stock options, or any other ownership interests in the Company; (c) all claims for breach of contract, wrongful termination, and breach of the implied covenant of good
faith and fair dealing; (d) all tort claims, including claims for fraud, defamation, emotional distress, and discharge in violation of public policy; and (e) all federal, state, and local statutory claims, including claims for
discrimination, harassment, retaliation, attorneys’ fees, or other claims arising under the federal Civil Rights Act of 1964 (as amended), and the federal Americans with Disabilities Act of 1990. Nothing in this Release shall prevent me from
challenging this Release by filing, cooperating with, or participating in any proceeding before the Equal Employment Opportunity Commission, the Department of Labor, or any local fair employment practices agency, except that I hereby acknowledge and
agree that I shall not recover any monetary benefits in connection with any challenge to my Release. 

  
 1. 

 For Employees Age 40 or Older 

Group Termination 
  

I acknowledge that I have read and understand Section 1542 of the California Civil Code which reads as follows: “A general
release does not extend to claims which the creditor does not know or suspect to exist in his or her favor at the time of executing the release, which if known by him or her must have materially affected his or her settlement with the
debtor.” I hereby expressly waive and relinquish all rights and benefits under that section and any law of any jurisdiction of similar effect with respect to my release of any claims hereunder. 

I acknowledge that to become effective, I must sign and return this Release to the Company so that it is received not later than fourteen
(14) days following the date it is provided to me. 
  

			
	EMPLOYEE
		
	Name:	 	  

		
	Date:	 	  

  
 2.

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