Document:

Employment offer letter - Patrick Henry

 Exhibit 10.8 
 [ENTROPIC LETTERHEAD] 
 August 18, 2003 
 Mr. Patrick Henry 
 430 Snug Harbor Road 
 Newport
Beach, CA 92663 
 Dear Patrick 
 Entropic Communications, Inc.
(the “Company”) is pleased to offer you employment on the terms set forth below. 
  

	 	1.	Position. You will serve in a full-time capacity as Chief Executive Officer (“CEO”) and President of the Company working out of the Company’s headquarters in
San Diego, California. As CEO, you will be responsible for managing the day-to-day affairs of the entire Company and you will report only to the Company’s Board of Directors. By signing this letter agreement, you represent and warrant to the
Company that you are under no contractual commitments inconsistent with your obligations to the Company. 

  

	 	2.	Board of Directors. You will be offered a seat on the Company’s Board of Directors within a reasonable period of time after commencing employment with the Company and
you shall remain on the Board of Directors for so long as you remain the Company’s CEO. 

  

	 	3.	Salary. You will be paid a monthly salary of $18,750, payable in accordance with the Company’s standard payroll practices for salaried employees. This salary and all
other compensation will be subject to adjustment at the discretion of the Board of Directors, provided that the Board of Directors shall, at least once a year, raise your salary if the Board of Directors determines that a raise is warranted, and
further provided that your salary may not be reduced, without your written consent, unless reductions comparable in amount and duration are concurrently made for all other Company “Management Team Executives.” For purposes of this letter
agreement, “Management Team Executives” shall include the Company’s CEO, Chief Financial Officer, Chief Technology Officer and Chief Operating Officer, if any. 

  

	 	4.	Bonus. Commencing on January 1,2004, you will be eligible to earn an annual bonus of up to 30% of your base salary based on the achievement of mutually agreed-upon
milestones, assessed at the end of each calendar year. 

  

	 	5.	Employee Benefits. As a regular employee of the Company, you will be eligible to participate in a number of Company-sponsored benefits in accordance with the terms of the
Company’s benefit plans. In addition, you will be entitled to paid time off in accordance with the Company’s policy. The Company reserves the right to change or eliminate these benefits on a prospective basis at any time, subject to the
other terms of this letter agreement, including without limitation, the severance related provisions of this letter agreement. 

  

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	 	6.	Stock Options. In connection with the commencement of your employment, the Company will recommend that the Board of Directors grant you an option (“Option”) to
purchase 3,850,000 shares of the Company’s Common Stock with an exercise price equal to fair market value on the date of the grant. The current fair market value of the Company’s Common Stock is $0.10/share. The Company in good faith
believes that 3,850,000 shares of the Company’s. Common Stock represents approximately five percent (5%) of the fully diluted capital of the Company (fully diluted capital includes, without limitation, all outstanding Common Stock, all
stock reserved for issuance under all Company stock option plans, all outstanding preferred stock on an as converted to Common Stock basis, all warrants, and all convertible debt). These option shares will vest over a four (4)-year period with a 25%
one (1)-year cliff, in accordance with the option plan approved by the Board of Directors. Vesting will depend on your continued employment with the Company, subject in all cases to the acceleration terms of this letter agreement and the Change of
Control Agreement. The Option shares will be exercisable as they vest. The Option will he an incentive stock option to the maximum extent allowed by the tax code and will be subject to the terms of the Company’s 2001 Stock Option Plan and the
Stock Option Agreement between you and the Company in the form attached hereto as Exhibit A. However, if there is a conflict between the terms in this Agreement and the 2001 Stock Option Plan and/or the Stock Option Agreement, the terms of this
Agreement shall control. For purposes of the Stock Option Agreement, the “Participating Group” (as that term is defined in the Stock Option Agreement) consists of only the Company as of the date this letter agreement is executed.

  

	 	7.	Relocation Expenses. In connection with your relocation from Newport Beach to San Diego, the Company will reimburse you for up to $100,000 for the following verifiable
“Relocation Expenses” that are incurred by you: reasonable costs of moving your household goods, realty fees (including commission fees for the sale of your Newport Beach house and purchase of your San Diego house), closing costs and
transfer taxes and up to two house hunting trips for your family. Relocation Expenses shall also include reasonable carrying costs (including principal, interest, taxes and insurance) for your Newport Beach residence after you rent an apartment
and/or rent or purchase a house in San Diego (see below) and prior to the sale of your Newport Beach residence, but in no event will carrying costs be reimbursed for longer than three (3) months. Receipts or other v e w g documentation will be
required for any reimbursement of such expenses and must be provided within three months of the expense sought to be reimbursed. Because you meet the requirements under Internal Revenue Code Section 217, all reimbursements for Relocation
Expenses, which may, by applicable law, be reimbursed to you without a requirement that you pay taxes on the reimbursement, shall be reimbursed to you on a nontaxable basis. Any amounts received by you for Relocation Expenses which, by law, must be
reimbursed as taxable income will be reported as taxable income to you in the year received as required by applicable tax law and you will be responsible for payment of all applicable income taxes due in connection with such reimbursement amounts.
As provided in Section 14 of this letter agreement, the Company will also withhold applicable income and employment taxes from such reimbursement amounts. You agree to move to the San Diego area by September 30,2003 (at a minimum, to rent
an apartment) and to move your family to the San Diego area after you are able to sell your Newport Beach House for a reasonable price. In the event that you voluntarily terminate your employment with the Company before the end of your first year of
employment or the Company terminates your employment for Cause (as defined in Section 11 below) before the end of yow: first year of your employment with the Company, you agree to repay the Company on demand for Relocation Expenses on a
pro-rata basis (e.g. the amount of reimbursed Relocation Expenses which must be repaid shall be reduced by 1 /l2” for each full month of your employment). 

  

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	 	8.	Change of Control Agreement. The Company will enter into a Change of Control Agreement with you substantially in the form attached hereto as Exhibit B.

  

	 	9.	Confidential Information and Invention Assignment Agreement. Like all Company employees, you will be required, as a condition of your employment with the Company, to sign the
Company’s standard Employee Innovations and Proprietary Rights Assignment Agreement in the form attached hereto as Exhibit C (“Proprietary Rights Agreement”). 

  

	 	10.	At Will Employment. Employment with the Company is for no specific period of time. Your employment with the Company will be “at will”, meaning that either you or
the Company will be entitled to terminate your employment at any time and for any reason, with or without Cause. Any contrary representations, which may have been made to you, are superseded by this offer. This is the full and complete agreement
between you and the Company on this term. Although your job duties, title, compensation and benefits, as well as the Company’s personnel policies and procedures may change from time to time, the “at will” nature of your employment may
only be changed in an express written agreement signed by you and a duly authorized officer of the Company with Board of Directors’ approval. 

  

	 	11.	Severance. Although your employment will be “at will,” if your employment with the Company is terminated by the Company for any reason other than for Cause (as
defined in this Section below), or you resign for Good Reason (as defined in this Section below), you shall receive the following: (a) all compensation (including any applicable bonuses) due to you as of your termination date;
(b) additional compensation in an amount equal to six (6) months then current salary, payable in one lump sum; (c) continuation of Company health and dental benefits by paying your Consolidated Omnibus Budget Reconciliation Act of
1985 (“COBRA”) premiums directly to the COBRA administrator for one (1) year after you termination date, provided that you elect to continue and remain eligible for these benefits under COBRA; (d) immediate accelerated vesting of
the unvested shares of the Option in accordance with the following schedule: (i) if the termination without Cause or resignation for Good Reason occurs within your first year of employment with the Company, there shall be no accelerated vesting
of the Option; (ii) to the extent such termination or resignation occurs within your second year of employment with the Company, if any, the Company shall accelerate the vesting of the unvested shares of the Option so that the “Vested
Ratio” (as that term is defined in the Stock Option Agreement) of the Option shall be increased by the number 1/4; or (iii) to the extent such termination or resignation occurs after your second year of employment with the Company, if any,
the Company shall accelerate vesting of fifty percent (50%) of the remaining unvested shares of the Option; and (e) an extension of time until one (1)year after your employment termination date to exercise all vested shares of the Option;
provided, however, that your entitlement to receive the payments and benefits described in Section 1l(b)-(e) above (the “Severance Package”) is conditioned upon and subject to your execution of a fuIl general release
(“Release”), releasing all claims, known or unknown, that you may have against the Company arising out of or any way related to your employment or termination of employment with the Company, which Release shall be negotiated, in good
faith, between you and the Company and which Release shall exclude: (1) your right to indemnification to the fullest extent provided for in the California Labor Code or other contractual right to indemnification; (2) your right to any
vested benefits available to you under any employee benefit plan (e.g. 401(k) Plan) to the fullest extent provided fox in the plan; (3) your rights as a stockholder in the Company; or (4) the obligations incurred by the parties under the
Release. 

  

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 For purposes of this Section 11, “Cause” shall mean only: (a) your theft, dishonesty,
or falsification of any Company documents or records; (b) your improper use or disclosure of any confidential or proprietary information of the Company; (c) repeated negligence in the performance of your duties; (d) your breach of
your fiduciary duty to the Company by unlawfully competing with the Company in violation of Section 13; or (e) your conviction (including any plea of guilty or nolo contendere) for fraud, misappropriation or embezzlement, or any felony or
crime of moral turpitude . Notwithstanding the above, the Company may not terminate your employment for Cause under Section 11(c) or (d) above unless the Company has first given you written notice of the offending conduct and a thirty
(30)-day opportunity to cure such conduct. Yow resignation at the request of the Board of Directors for reasons other than Cause shall be deemed an involuntary termination by the Company without Cause. 
 For the purposes of this Section 11, “Good Reason” shall mean only the occurrence of any of the following without your written consent:
(a) any change in your title or the assignment to you of any duties, or any limitation of your authority or responsibilities, substantially inconsistent with your position, duties, authority or responsibilities as CEO; (b) the relocation
of the principal place of your service with the Company to a location that is more than fifty (50) miles horn your current principal place of service with the Company (San Diego); (c) any material reduction by the Company of your base
salary (unless reductions comparable in amount and duration are concurrently made for all other Company Management Team Executives) or any material reduction of your 30% target for bonus compensation; provided that, the modification of the
milestones you must meet to earn such bonus compensation and the actual amount of bonus compensation earned by you if lower than 30% of your base salary shall not constitute “Good Reason” under this Section; or (d) any failure by the
Company to continue to provide you with the opportunity to participate in any benefit or compensation plans and programs in which you were participating, including without limitation, life, disability, health, dental, medical, savings, profit
sharing, stock purchase and retirement plans, if any, unless such benefit or compensation plans or programs are modified or eliminated on a company-wide basis and provided that the modification of the milestones you must meet to earn the bonus
described in Section 4 above shall not constitute “Good Reason” under this Section; and (e) the failure of any successor in interest of the Company to fulfill the Company’s obligations under this letter agreement or any
Exhibits to &is letter agreement . Notwithstanding the above, you may not resign for Good Reason unless you have first given the Company written notice of the offending conduct and a thirty (30)-day opportunity to cure such conduct. 

You acknowledge and agree that the Severance Package provided pursuant to this Section 11 is in lieu of any other severance benefits for which you
may be able under any other agreement and/or Company severance plan or practice. In no circumstance shall you receive the Severance Package described in this Section 11 and the Severance Package described in the Change in Control Agreement
which is attached as Exhibit B. Nothing in this paragraph is intended to limit your ability to receive either the Severance Package in this Section 11 or the Severance Package described in the Change in Control Agreement, provided you otherwise
qualify for the applicable Severance Package, but in no event shall you receive both. 
 The Company acknowledges and agrees that you shall
not have a duty to mitigate by seeking alternative employment to receive the Severance Package or any part thereof. 
  

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	 	12.	Termination Due to Death or Disability. In the event your employment terminates due to your death or ‘Disability” (as defined below), you will not be eligible to
receive the Severance Package described in Section 11 above; provided, however, in the event your employment terminates due to your Disability, in addition to all other disability benefits available to you under the Company’s benefit plans
and/or policies, the Company will pay your COBRA premiums for health and dental benefits directly to the COBRA administrator for one (1)year after your termination date; provided that you elect to continue and remain eligible for these benefits
under COBRA and that you sign a Release. In addition, in the event your: employment terminates due to your death, you shall be eligible to receive any and all applicable benefits available to you under the Company’s benefit plans and/or For
purposes of this Agreement, “Disability”‘ means your inability to perform the essential functions of your job, with or without reasonable accommodation, due to a mental or physical impairment or medical condition.

  

	 	13.	Outside Activities. During your employment with the Company, you must not engage in any work, paid or unpaid, that creates an actual conflict of interest with the Company.
Such work shall include, but is not limited to, directly or indirectly competing with the Company in any way, or acting as an officer, director, employee, consultant, stockholder, volunteer, lender, or agent of any business enterprise of the same
nature as, or which is in direct competition with, the business in which the Company is now engaged or in which the Company becomes engaged during your employment with the Company, as may be determined by the Company in its sole discretion. If the
Company believes such a conflict exists, the Company may ask you to choose to discontinue the other work or resign employment with the Company. While you render services to the Company, you also will not assist any person or organization in
competing with the Company, in preparing to compete with the Company, or in hiring any employees from the Company. Notwithstanding any other term in this letter agreement, you may work as a volunteer in any community, civic, children’s and/or
religious organizations and you may teach as long as you are not competing with the Company. 

  

	 	14.	Withholding Taxes. Except as otherwise expressly provided, all forms of compensation referred to in this letter ate subject to reduction to reflect applicable withholding and
payroll taxes. 

  

	 	15.	Entire Agreement. This letter and the Exhibits attached hereto, which are herein incorporated by reference, contain all of the t e r n of your employment with the Company and
supersede any prior understandings or agreements, whether oral or written, between yon and the Company. 

  

	 	16.	Amendment and Governing Law. This letter agreement may not be amended or modified except by an express written agreement signed by you and a duly authorized officer of the
Company with Board of Directors’ approval. The terms of this letter agreement and the resolution of any disputes will be governed by California law. 

  

	 	17.	Expense Reimbursement. The Company shall promptly reimburse you for all actual and reasonable business expenses incurred by you in connection with your employment, including,
without limitation, expenditures for entertainment, travel, or other expenses, provided that (i)the expenditures are of a nature qualifying them as legitimate business expenses as determined by the Company in its sole discretion, and (ii)you furnish
to the Company adequate records and other documentary evidence reasonably required by the Company to substantiate the expenditures. 

  

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	 	18.	Attorneys Fees For Negotiating The Terms of Your Employment. The Company shall reimburse you for your reasonable expenses, including attorney’s fees and costs, incurred
in connection with the negotiation of this letter agreement and its Exhibits up to a maximum of $6,500. 

  

	 	19.	Dispute Resolution. In the event of any dispute or claim relating to or arising out of the employment relationship between you and the Company, or the termination of such
employment, you and the Company agree that all such disputes shall be fully and finally resolved by a single, neutral arbitrator through binding arbitration before JAMS under its then-existing rules for the resolution of employment disputes. The
exclusive venue for the arbitration shall be San Diego, California. The arbitrator shall have the power to enter any award that could be entered by a judge of the trial court of the State of California, and only such power, and shall follow the law.
The parties agree to abide by and perform any award rendered by the arbitrator. The arbitrator shall issue the award in writing and therein state the essential findings and conclusions on which the award is based. Any arbitration award may be
entered in any court having competent jurisdiction. The Company shall bear the costs of the arbitration filing and hearing fees and the costs of the arbitration. The prevailing party in any arbitration shall be entitled to an award of his or its
reasonable attorneys fees and expert witness costs in addition to any other relief awarded by the ma of fact, to the fullest extent permitted by law. Notwithstanding the above, claims for breach of the Proprietary Rights Agreement, whether brought
by you or the Company, are excluded from this Section. 

  

	 	20.	Severability. If any provision of this letter agreement shall be invalid or unenforceable, in whole or in part, the provision shall be deemed to be modified or restricted to
the extent and in the manner necessary to render the same valid and enforceable, or shall be deemed excised from this letter agreement, as the case may require, and this letter agreement shall be construed and enforced to the maximum extent
permitted by law as if such provision had been originally incorporated in this letter agreement as so modified or restricted, or as if the provision had not been originally incorporated in this letter agreement, as the case may be.

  

	 	21.	Headings. Section headings in this letter agreement are for convenience only and shall be given no effect in the construction or interpretation of this letter agreement.

  

	 	22.	Notice. All notices made pursuant to this letter agreement, shall be given in writing, delivered by a generally recognized overnight express delivery service, and shall be
made to the principal place of business of the Company if you are giving notice to the Company and to your residence if the Company is giving you notice. 

  

	 	23.	Conflicting Provisions. To the extent any of the provisions in this letter agreement conflict with the provisions of the Stock Option Agreement, the provisions of this letter
agreement shall control. 

 We hope that you kind the foregoing terms acceptable. You may indicate your agreement with these terms and accept
&s offer by signing and dating the enclosed duplicate original of this letter agreement and returning it to me. This offer, if not accepted, will expire at the close of business on August 18, 2003. 
 As required by law, your employment with the Company is contingent upon your providing legal proof of your identity and authorization to work in the United States.

 Patrick, we look forward -with enthusiasm to your acceptance of our offer and to the commencement of your duties with the Company. Your start date with
the Company will be Tuesday, September 2, 2003. 
  

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 Very truly yours, 
  

			
	ENTROPIC COMMUNICATIONS, INC.
		
	By:	 	 /s/ Itzhak Gurantz

		 	Itzhak Gurantz, for the Board of Directors
	
	I have read and accept this employment offer:
		
	By:	 	 /s/ Patrick Henry

		 	Patrick Henry
	Dated: August 18, 2003

  

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 [ENTROPIC LETTERHEAD] 
 October 12, 2007 
 Patrick Henry 
 c/o Entropic Communications 
 9276 Scranton Road, Suite 200 
 San Diego, CA 92121 
  

	Re:	Amendment to Offer Letter 

 Dear Patrick: 
 This letter amends the offer letter previously provided to you by Entropic Communications, Inc. (the “Company”), dated
August 18, 2003 (the “Offer Letter”). Except as specifically set forth below, all provisions of the Offer Letter will remain in full force and effect and all capitalized terms used herein not defined in this letter will
have the meanings in the Offer Letter. 
 The Offer Letter is hereby amended to add the following language to replace the first paragraph of
Section 11, to read as follows: 
 “11. Severance. Although your employment will be “at will,” if your employment
with the Company is terminated by the Company for any reason other than for Cause (as defined in this Section below), or you resign for Good Reason ( as defined in this Section below), you shall receive the following: (a) all compensation
(including any applicable bonuses) due to you as of your termination date; (b) additional compensation in an amount equal to six (6) months Base Salary (defined below), payable in one lump sum and, subject to this Section and applicable
tax withholdings, payable within thirty (30) days following your execution of the Release (as defined below); (c) continuation of Company health, dental and vision benefits by paying your Consolidated Omnibus Budget Reconciliation Act of
1985 (“COBRA”) premiums directly to the COBRA administrator for one (1) year after your termination date, provided that you elect to continue and remain eligible for these benefits under COBRA; (d) immediate
accelerated vesting of fifty percent (50%) of the unvested shares of the Option, the remaining unvested shares of all other stock options and other equity arrangements (the “Other Equity Arrangements”) and release of
fifty percent (50%) of the shares of restricted stock that are subject to any repurchase options in favor of the Company (the “Restricted Stock”), to the extent permissible by law; and (e) an extension of time until
the earlier of one (1) year after your employment termination date or the original maximum contractual term to exercise all vested shares of the Option or Other Equity Arrangements; provided, however, that your entitlement to receive the
payments and benefits described in Section 11(b)-(e) above (the “Severance Package”) is conditioned upon and subject to your execution of a full general release (“Release”) promptly following your termination date (but
no more than forty-five (45) days thereafter), releasing all claims, known or unknown that you may have against the Company arising out of or any way related to your employment or termination of employment with the 

 
Company, which Release shall be negotiated, in good faith, between you and the Company and which Release shall exclude: (1) your right to
indemnification to the fullest extent provided for in the California Labor Code or other contractual right to indemnification; (2) your right to any vested benefits available to you under any employee benefit plan; (3) your rights as a
stockholder in the Company; or (4) the obligations incurred by the parties under the Release. “Base Salary” shall mean your monthly base salary in effect immediately prior to your termination date (including without
limitation any compensation that is deferred by you into a Company-sponsored retirement or deferred compensation plan, exclusive of any employee matching contributions by the Company associated with any such retirement or deferred compensation plan
and exclusive of any other Company contributions) and excludes all bonuses, commissions, expatriate premiums, fringe benefits (including without limitation car allowances), option grants, equity awards, employee benefits and other similar items of
compensation.” 
 The Offer Letter is hereby further amended to add the following language to the end of the first paragraph of
Section 11, to read as follows: 
 “For purposes of clarification of Section (d) above, if any of the Other Equity Arrangements
or Restricted Stock are subject to vesting and/or release that is performance- or milestone-based, such performance measure or milestone shall also be deemed satisfied pursuant to Section (d) above following your termination without Cause or
your voluntary resignation for Good Reason.” 
 The Offer Letter is hereby further amended to replace subsection (d) of the third
paragraph of Section 11, to read as follows: 
 “(d) any failure by the Company to continue to provide you with the opportunity to
participate in any material benefit or compensation plans and programs in which you were participating, including without limitation, life, disability, health, dental, medical, savings, profit sharing, stock purchase and retirement plans, if any
unless such benefit or compensation plans or programs are modified or eliminated on a company-wide basis; and” 
 The Offer Letter is
hereby further amended to add the following as new Sections 24 and 25 to the end the Offer Letter, to read as follows: 
 “24. Certain
Reductions. To the extent that any federal, state or local laws, including, without limitation the Worker Adjustment Retraining Notification Act, or any similar state statute, require the Company to give advance notice or make a payment
of any kind to you because of your involuntary termination due to a layoff, reduction in force, plant or facility closing, sale of business, change of control, or any other similar event or reason, the benefits payable under this letter agreement
shall either be reduced or eliminated by such required payments or notice. The benefits provided under this letter agreement are intended to satisfy any and all statutory obligations that may arise out of your involuntary termination of employment
for the foregoing reasons. 
  

 25. Application of Code Section 409A. Compensation and benefits payable under this letter
agreement are intended to be payable pursuant to the “short-term deferral” rule set forth in Section 1.409A-1(b)(4) of the Treasury Regulations to the maximum extent permitted by said provision. To the extent such payments do not fit
within said short-term deferral rule, the compensation and benefits payable under this letter agreement shall be 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 to you be delayed until six (6) months after separation from service if you are a “specified employee” within the meaning of the aforesaid section of the Code at
the time of such separation from service.” 
 [Remainder of Page Intentionally Left Blank] 
  

 Please sign below if you agree and accept the foregoing terms. 
 Sincerely, 
 ENTROPIC COMMUNICATIONS,
INC. 
  

			
		
	By:	 	/s/ Lance Bridges
	Title:	 	VP Corporate Development and General Counsel

 I have read and agree to the terms and conditions contained herein: 
  

					
	/s/ Patrick Henry	  		  	10/15/07
	Patrick Henry	  		  	 DateAmended and Restated Change of Control Agreement - Patrick Henry

 Exhibit 10.13 
 AMENDED AND RESTATED CHANGE OF CONTROL AGREEMENT 
 THIS AMENDED
AND RESTATED CHANGE OF CONTROL AGREEMENT (the “Agreement”) is made effective as of October 16, 2007 between
ENTROPIC COMMUNICATIONS, INC. (“Entropic”), and Patrick Henry (“Employee”), subject to the approval of the Entropic Board of Directors. 

RECITALS 
 A. Employee is presently
employed as the Chief Executive Officer of Entropic. 
 B. Employee and Entropic desire to amend and restate the prior change of control
agreement between them dated as of August 18, 2003 (the “Prior Agreement”), to memorialize in writing their understanding regarding severance payments and vesting acceleration of stock options and/or other equity
arrangements, including shares of restricted stock subject to repurchase options or other restrictions, in the event of a Change of Control. 
 AGREEMENT 
 In consideration of the promises and of the mutual covenants contained herein, and for other good and valuable
consideration, receipt of which is hereby acknowledged, the parties do hereby agree as follows: 
 1. EFFECT
OF CERTAIN TERMINATIONS IN CONNECTION WITH A CHANGE OF CONTROL. 
 1.1 Severance Package. If within four and one-half (4  1/2) months before, on or within one (1) year after a Change of Control (as that term is defined below)
Employee’s employment is terminated without “Cause,” or Employee resigns for “Good Reason,” then Entropic will provide Employee with the following “Severance Package,” provided Employee complies with the conditions
set forth in Section 1.2 below: (i) Employee will receive a severance payment equal to twelve (12) months of Employee’s Base Salary (as defined below), payable in one lump sum, subject to applicable tax withholdings;
(ii) Entropic will continue to provide Employee with health, dental and vision benefits by paying Employee’s Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”) premiums directly to the COBRA
administrator for one (1) year following the date of Employee’s termination, provided that Employee elects to continue and remains eligible for these benefits under COBRA; and (iii) full accelerated vesting of all the unvested shares
of all stock options and other equity arrangements subject to vesting, and release of any repurchase options in favor of Entropic on shares of restricted stock that would otherwise be regularly scheduled to vest or be released, as applicable,
following Employee’s termination without Cause or voluntary resignation for Good Reason, to the extent permissible by law and (iv) an extension of time until the earlier of one (1) year after Employee’s termination date or the
original maximum contractual term to exercise all vested stock options and other equity arrangements. For purposes of clarification, if a stock option or other equity arrangement is subject to performance- or milestone-based vesting or if the
release of any repurchase option in favor of Entropic on shares of restricted stock is performance- or milestone-based, such performance measure or milestone shall be deemed satisfied pursuant to clause (iii) above if absent such acceleration
provision, in order for such vesting or release to 

  

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occur such performance measure or milestone was required to be satisfied following Employee’s termination without Cause or voluntary resignation for
Good Reason. Moreover, the acceleration of vesting provision set forth in this Section 1.1 is notwithstanding and in addition to any existing vesting provisions set forth in Entropic’s equity incentive plans or any agreements or grant
notices thereunder. Entropic acknowledges and agrees that Employee shall not have a duty to mitigate by seeking alternative employment to receive the Severance Package described in this Change of Control Agreement or any part thereof.
“Base Salary” shall mean Employee’s monthly base salary in effect immediately prior to the Employee’s date of termination (including without limitation any compensation that is deferred by Employee into an
Entropic-sponsored retirement or deferred compensation plan, exclusive of any employee matching contributions by Entropic associated with any such retirement or deferred compensation plan and exclusive of any other Entropic contributions) and
excludes all bonuses, commissions, expatriate premiums, fringe benefits (including without limitation car allowances), option grants, equity awards, employee benefits and other similar items of compensation. 
 1.2 Conditions to Receive Severance Package. The Severance Package described above will be paid provided Employee meets the following conditions:
(a) Employee complies with all surviving provisions of any confidentiality or proprietary rights agreement signed by Employee; and (b) promptly following the Employee’s date of termination (but not more than forty-five (45) days
after the Employee’s employment is terminated), Employee executes a full general release (the “Release”), in a form acceptable to Entropic, releasing all claims, known or unknown, that Employee may have against Entropic,
and any subsidiary or related entity, their officers, directors, employees and agents, arising out of or any way related to Employee’s employment or termination of employment with Entropic. Such Release shall be negotiated, in good faith,
between Employee and Entropic and which Release shall exclude: (1) Employee’s right to indemnification to the fullest extent provided for in the California Labor Code or other contractual right to indemnification; (2) Employee’s
right to any vested benefits available to him under any employee benefit plan (e.g. 401(k) Plan) to the fullest extent provided for in the plan; (3) Employee’s rights as a stockholder in Entropic; and (4) the obligations incurred by
the parties under the Release. 
 1.3 280G. Notwithstanding Section 1.1 above, if it is determined that the amounts payable to
Employee under this Agreement, when considered together with any other amounts payable to Employee as a result of a Change of Control (collectively, the “Payment”) would (i) constitute a “parachute payment”
within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (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 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 Employee elects in writing a different order (provided,
however, that such election shall be subject to Entropic approval if 

  

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made on or after the effective date of the event that triggers the Payment): reduction of cash payments; reduction of accelerated vesting of stock options;
reduction of employee benefits. In the event that acceleration of vesting of stock option compensation is to be reduced, such acceleration of vesting shall be cancelled in the reverse order of the date of grant of Employee’s stock options
(i.e., earliest granted stock option cancelled last) unless Employee elects in writing a different order for cancellation. 
 The
accounting firm engaged by Entropic for general audit purposes as of the day prior to the effective date of the Change of Control shall perform the foregoing calculations. If the accounting firm so engaged by Entropic is serving as accountant or
auditor for the individual, entity or group effecting the Change of Control, Entropic shall appoint a nationally recognized accounting firm to make the determinations required hereunder. Entropic 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 Employee and Entropic within fifteen (15) calendar days after the date on which Employee’s right to a Payment is triggered (if requested at that time by
Employee or Entropic) or such other time as requested by Employee or Entropic. 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
Employee and Entropic with an opinion reasonably acceptable to 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
Employee and Entropic, except as set forth below. 
 If, notwithstanding any reduction described in this Section 1.3, the IRS determines
that Employee is liable for the Excise Tax as a result of the receipt of the payment of benefits as described above, then Employee shall be obligated to pay back to Entropic, within thirty (30) days after a final IRS determination or in the
event that Employee challenges the final IRS determination, a final judicial determination, a portion of the payment equal to the “Repayment Amount.” The Repayment Amount with respect to the payment of benefits shall be the
smallest such amount, if any, as shall be required to be paid to Entropic so that Employee’s net after-tax proceeds with respect to any payment of benefits (after taking into account the payment of the Excise Tax and all other applicable taxes
imposed on such payment) shall be maximized. The Repayment Amount with respect to the payment of benefits shall be zero if a Repayment Amount of more than zero would not result in Employee’s net after-tax proceeds with respect to the payment of
such benefits being maximized. If the Excise Tax is not eliminated pursuant to this paragraph, Employee shall pay the Excise Tax. 
 Notwithstanding any either provision of this Section 1.3, if (i) there is a reduction in the payment of benefits as described in this section, (ii) the IRS later determines that Employee is liable for the Excise Tax, the
payment of which would result in the maximization of Employee’s net after-tax proceeds (calculated as if Employee’s benefits had not previously been reduced), and (iii) Employee pays the Excise Tax, then Entropic shall pay to Employee
those benefits which were reduced pursuant to this section contemporaneously or as soon as administratively possible after Employee pays the Excise Tax so that Employee’s net after-tax proceeds with respect to the payment of benefits is
maximized. 
  

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 1.4 Change of Control. A “Change of Control” means: (i) the direct or
indirect sale or exchange in a single or series of related transactions by the stockholders of Entropic of more than fifty percent (50%) of the voting stock of Entropic; (ii) a merger or consolidation or other transaction in which Entropic
is a party after which the stockholders of Entropic immediately prior to such transaction hold less than fifty percent (50%) of the voting securities of the surviving entity; (iii) the sale, exchange, or transfer of all or substantially
all of the assets of Entropic after which the stockholders of Entropic immediately prior to such transaction hold less than fifty percent (50%) of the voting securities of the corporation or other business entity to which the assets of Entropic
were transferred; or (iv) a liquidation or dissolution of Entropic. 
 1.5 Termination for “Cause.” For purposes of
this Agreement, a termination for “Cause” occurs only if Employee is terminated for any of the following reasons: (i) theft, dishonesty, or falsification of any Entropic documents or records; (ii) improper use or disclosure of
confidential or material proprietary information of Entropic; (iii) repeated negligence in the performance of Employee’s duties; (iv) Employee’s breach of his fiduciary duty to Entropic by unlawfully competing with Entropic in
violation of Section 13 of the Offer Letter dated as of August 18, 2003 (the “Offer Letter”); (v) Employee’s conviction (including any plea of guilty or nolo contendere) for fraud, misappropriation or
embezzlement, or any felony or crime of moral turpitude. Notwithstanding the above, Entropic may not terminate Employee’s employment for Cause under Sections 1.5 (iii) or (iv) above unless Entropic has first given Employee written
notice of the offending conduct and a thirty (30)-day opportunity to cure such conduct. Employee’s resignation at the request of the Board of Directors for reasons other than Cause shall be deemed an involuntary termination by the Company
without Cause. 
 Notwithstanding the foregoing clauses, Employee’s employment shall not be deemed to be terminated for Cause, and no
other action shall be taken by Entropic which is adverse to Employee hereunder unless and until there shall have been delivered to Employee a copy of a statement of the basis for Cause, signed and approved by an officer of Entropic. 
 1.6 Voluntary Resignation for “Good Reason.” After a Change of Control, Employee may terminate Employee’s employment with Entropic
for “Good Reason” by serving notice of resignation to Entropic with a description of the circumstances giving rise to the Good Reason. For purposes of this Agreement, “Good Reason” means: (i) the assignment to
Employee of any duties, or any limitation of Employee’s responsibilities, substantially inconsistent with his positions, duties and responsibilities with Entropic immediately prior to the date of the Change of Control which includes, but is not
limited to a change in position such that Employee is not the Chief Executive Officer or the equivalent thereof of the surviving entity in such change of control or the parent corporation of such surviving entity in the event the surviving entity is
a wholly owned subsidiary of a parent corporation that is the operating entity; (b) the relocation of the principal place of Employee’s service with Entropic to a location that is more than fifty (50) miles from Employee’s
principal place of service with Entropic immediately prior to the date of the Change of Control; (c) any material reduction by Entropic of Employee’s base salary in effect immediately prior to the date of the Change of Control (unless
reductions comparable in amount and duration are concurrently made for all other employees of Entropic’s “Management Team Executives” (as that term is defined in the Offer Letter)), or any material reduction of Employee’s 30%
target for bonus compensation; provided that, the modification of 

  

 4 

 
the milestones Employee must meet to earn such bonus compensation and the actual amount of bonus compensation earned by Employee if lower than 30% of
Employee’s base salary shall not constitute “Good Reason” under this section; and (d) any failure by Entropic to continue to provide Employee with the opportunity to participate in any material benefit or compensation plans and
programs in which Employee was participating immediately prior to the date of the Change of Control, or their equivalent, including without limitation, life, disability, health, dental, medical, savings, profit sharing, stock purchase and retirement
plans, if any, unless such benefit or compensation plans are modified or eliminated on a company-wide basis. Notwithstanding the above, Employee may not resign for Good Reason unless Employee has first given Entropic written notice of the offending
conduct and a thirty (30)-day opportunity to cure such conduct. 
 1.7 Payment Upon Death or Disability. Neither death nor disability
shall affect Entropic’s obligations hereunder, provided, however, that neither death nor disability shall be deemed to be Cause and death or disability shall be Good Reason under this agreement. 
 1.8 Application of Code Section 409A. Compensation and benefits payable under this Agreement are intended to be payable pursuant to the
“short-term deferral” rule set forth in Section 1.409A-1(b)(4) of the Treasury Regulations to the maximum extent permitted by said provision. To the extent such payments do not fit within said short-term deferral rule, the
compensation and benefits payable under this letter agreement shall be 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 to Employee be delayed until six (6) months after separation from service if Employee is a “specified employee” within the meaning of the aforesaid section of the Code at the time of such separation from service.

 2. AT-WILL EMPLOYMENT. Employee acknowledges that Employee continues as an at-will
employee and agrees that nothing in this Agreement is intended to or should be construed to contradict, modify or alter Employee’s at-will employment relationship with Entropic. 
 3. NO OTHER SEVERANCE BENEFITS. Employee acknowledges and agrees that the Severance
Package provided pursuant to this Agreement is in lieu of any other severance benefits to which Employee may be eligible under any other agreement and/or Entropic severance plan or practice. Employee and Entropic further acknowledge that this
Agreement constitutes the entire agreement between the parties relating to severance benefits upon change of control and supersedes any and all other agreements, either oral or in writing, between Employee and Entropic and all other subsidiaries or
affiliates of Entropic with respect to the matters discussed herein, including without limitation the Prior Agreement. Notwithstanding the foregoing, this Agreement shall not supersede the vesting acceleration provisions included in Entropic’s
equity incentive plans, nor shall it supersede that certain Offer Letter. 
 4. CERTAIN REDUCTIONS. To
the extent that any federal, state or local laws, including, without limitation the Worker Adjustment Retraining Notification Act, or any similar state statute, require Entropic to give advance notice or make a payment of any kind to Employee
because of Employee’s involuntary termination due to a layoff, reduction in force, plant or facility closing, sale of business, change of control, or any other similar event or reason, the 

  

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benefits payable under this Agreement shall either be reduced or eliminated by such required payments or notice. The benefits provided under this Agreement
are intended to satisfy any and all statutory obligations that may arise out of Employee’s involuntary termination of employment for the foregoing reasons. 
 5. GENERAL PROVISIONS. 
 5.1 Severability. If any provision of
this Agreement is held by an arbitrator or a court of competent jurisdiction to be invalid, void or unenforceable, the remaining provisions shall nevertheless continue in full force without being impaired or invalidated in any way. 
 5.2 Successors and Assigns. The rights and obligations of Entropic under this Agreement shall inure to the benefit of and shall be binding upon
the successors and assigns of Entropic. Employee shall not be entitled to assign any of his rights or obligations under this Agreement, other than to his estate as provided in Section 1.7. 
 5.3 Applicable Law. This Agreement shall be interpreted, construed, governed and enforced in accordance with the laws of the United States of
America and the State of California. Each of the parties irrevocably consents to the exclusive jurisdiction of the federal and state courts located in San Diego, California, as applicable, for any matter arising out of or relating to this Agreement.

 5.4 Dispute Resolution. In the event of any dispute or claim relating to or arising out of this Agreement, Employee and Entropic
that all such disputes shall be fully and finally resolved by a single, neutral arbitrator through binding arbitration before JAMS under its then-existing rules for the resolution of employment disputes. The exclusive venue for the arbitration shall
be San Diego, California. The arbitrator shall have the power to enter any award that could be entered by a judge of the trial court of the State of California, and only such power, and shall follow the law. The parties agree to abide by and perform
any award rendered by the arbitrator. The arbitrator shall issue the award in writing and therein state the essential findings and conclusions on which the award is based. Any arbitration award may be entered in any court having competent
jurisdiction. Entropic shall bear the costs of the arbitration filing and hearing fees and the costs of the arbitration. The prevailing party in any arbitration shall be entitled to an award of his or its reasonable attorney’s fees and expert
witness costs in addition to any other relief awarded by the trier of fact, to the fullest extent permitted by law. 
 5.5 Amendments.
No amendment or modification of the terms or conditions of this Agreement shall be valid unless in subsequent writing and signed by the parties thereto. 
 5.6 Headings. Section headings are for convenience only and shall be given no effect in the construction or interpretation of this Agreement. 
 5.7 Notice. All notices made pursuant to this Agreement, shall be given in writing, delivered by a generally recognized overnight express delivery
service, and shall be made to the principal place of business of Entropic or to Employee’s residence, as applicable. 
  

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 5.8 Entry Into This Agreement. This Agreement may be entered into by facsimile and in
counterparts, all of which taken together shall be one agreement. 
 IN WITNESS
WHEREOF, the parties hereto execute this Agreement, effective as of the date first above written. 
  

									
	EMPLOYEE:	 		 	ENTROPIC COMMUNICATIONS, INC.
				
	 /s/ Patrick Henry
	 		 	By:	 	 /s/ Lance Bridges

	Name:	 	Patrick Henry	 		 	Title:	 	 General Counsel

	Address:	 	 P.O. Box 868
 Rancho Santa Fe, CA 92069
	 		 	Address:	 	 9276 Scranton Road, Ste. 200
 San Diego, California 92121

  

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