Document:

Change of Control Agreement - Patrick Henry

 Exhibit 10.13 
 CHANGE OF CONTROL AGREEMENT 
 This Change of Control Agreement is made effective as of
August 18, 2003 between Entropic Communications, Inc. (“Entropic”), and Patrick Henry (“Employee”), subject to the approval of the Entropic Board of Directors. 
 RECITALS 
  

	 	A.	This Change of Control Agreement is executed contemporaneously with the execution of Employee’s employment letter agreement (“Employment Agreement”), to which
this Change of Control Agreement is attached as an exhibit. 

  

	 	B.	Employee and Entropic desire to memorialize in writing their understanding regarding severance payments and vesting of options in the event of a Change of Control.

  

	 	C.	Employee and Entropic acknowledge that this Change of Control Agreement constitutes the entire agreement between the parties relating to severance benefits in anticipation
of, on or after a Change of Control (for a one (1)-year period after a Change of Central). The ferns in this Change of Control Agreement supersede any directly conflicting term(s) of any and all other agreements, either oral or in writing, between
Employee and Entropic. 

 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 Chancre of Control. 
 1.1 Severance Package. If within four and one-half (4%) 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 (1 2) months of Employee’s base salary, payable in one lump sum; (ii) continuation of Employee’s
health and dental benefits by paying Employee’s Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”) premiums directly to the COBRA administrator for one (1) year after Employee’s termination date, provided that
Employee elects to continue and remains eligible for these benefits under COBRA; (iii) full accelerated vesting of all the unvested shares of the “Option (as that term is defined in the Employment Agreement) so that 100% of the Option is
100% vested on the termination date; and (iv) an extension of time until one (1) year after Employee’s termination date to exercise all vested shares of the Option. The acceleration of vesting provision set forth in this
Section 1 .I is notwithstanding and in addition to any existing vesting provisions set forth in Entropic’s 2001 Stock Option Plan and/or in the Stock Option Agreement governing the Option. 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. 
  

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 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) Employee executes a full general release
(“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, which 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 the Company; and (4) the obligations incurred by the parties under the Release. 
 1.3 280G. Notwithstanding Section 1. f above, if it is determined that the amounts payable to Employee under this Change of Control
Agreement, when considered together with any other amounts payable to Employee as a result of a Change of Control, cause such payments to be treated as excess parachute payments within the meaning of Section 280G of the Internal Revenue Code,
Entropic shall reduce the amount payable to Employee under this Section 1.3 (to the least extent possible) to an amount that will not subject Employee to the imposition of tax under Section 4999 of the Internal Revenue Code. 
 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 Change of Control 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 Employment Agreement; (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 I.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. 
  

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 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 Change of Control 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; (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 Employment Agreement)), or any material reduction of Employee’s 30% target for bonus compensation; provided
that, the modification of 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 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 and provided that the modification of the milestones Employee must meet to earn the bonus described in Section 4 of the Employment Agreement shall not constitute “Good Reason” under this Section.
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. 
 2. At-Will Employment. Employee acknowledges that Employee continues as an at-will employee and agrees that nothing in this Change of Control 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 Change of Control 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. In no circumstance shall employee receive the Severance Package described in this Change of Control Agreement and the Severance Package described in the Employment Agreement. Nothing in this Section 3 is
intended to limit Employee’s ability to receive either the Severance Package in Section 1.1 or the Severance Package described in the Employment Agreement, provided Employee otherwise qualifies for the applicable Severance Package, but in
no event shall Employee receive both. 
  

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 4. General Provisions. 
 4.1 Severability. If any provision of this Change of Control Agreement is held by an arbitrator or 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. 
 4.2 Successors and Assigns. The rights and
obligations of Entropic under this Change of Control 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
Change of Control Agreement, other than to his estate as provided in Section 1.7. 
 4.3 Applicable Law. This Change of Control
Agreement shall be interpreted, construed, governed and enforced in accordance with the laws of the United States of America and the State of California without regard to California’s conflict of laws rules. 
 4.4 Dispute Resolution. In the event of any dispute or claim relating to or arising out of this Change of Control 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 attorneys fees and expert witness
costs in addition to any other relief awarded by the trier of fact, to the fullest extent permitted by law. 
 4.5 Amendments. No
amendment or modification of the terms or conditions of this Change of Control Agreement shall be valid unless in subsequent writing and signed by Employee and a duly authorized officer of Entropic with Board of Directors’ approval. 

4.6 Headings. Section headings are for convenience only and shall be given no effect in the construction or interpretation of this Change of
Control Agreement. 
 4.7 Notice. All notices made pursuant to this Change of Control 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. 
 4.8 Entry Into This Agreement. This Change of Control Agreement maybe entered into by facsimile and in counterparts, all of which taken together
shall be one agreement. 
  

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 4.9 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. 
 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/ Patrick Henry

	 Name:
	 	Patrick Henry	  	Title:	 	CEO
	 Address:
	 	430 Snug Harbor Road	  	Address:	 	9276 Scranton Road, Ste. 200
		 	Newport Beach, CA 92663	  		 	San Diego, California 92121

  

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 EXHIBIT C 
 Form of Employee Innovations and Proprietary Rights Assignment Agreement 
  

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 In March 2006, the Board of Directors of the Company approved an amendment to Section 1.7 of the
preceding Change of Control Agreement. Section 1.7 now reads in its entirety: 
 “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.” 
  

 7Change of Control Agreement - Kurt Noyes

 Exhibit 10.14 
 CHANGE OF CONTROL AGREEMENT 
 This Change of Control Agreement (the “Agreement”) is made
effective as of December 1, 2005 between Entropic Communications, Inc. (“Entropic”), and Kurt Noyes (“Employee”), subject to the approval of the Entropic Board of Directors. 
 RECITALS 
  

	 	A.	Employee is presently employed as the Vice President of Finance and Administration for Entropic. 

  

	 	B.	Employee and Entropic desire to memorialize in writing their understanding regarding severance payments and vesting of options in the event of a Change of Control.

  

	 	C.	Employee and Entropic 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. 

 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 after Change in Control. 

 1.1 Severance Package. If within one (I)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 six (6) months of Employee’s
base salary, payable in accordance with Entropic’s normal payroll practices; (ii) six (6) months of COBRA coverage paid by the Company; and (iii) accelerated vesting of fifty percent (50%) options granted to Employee under
Entropic’s stock option plans that, as of the date of such termination without Cause or voluntary resignation for Good Reason, remain unvested, to the extent permissible by law. The acceleration of vesting provision set forth in this section 1
..I is notwithstanding and in addition to any existing vesting provisions set forth in Entropic’s stock option plans. 
 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) Employee executes a full general release, in a form acceptable to Entropic, releasing ell 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. 

 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 in 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 Company
approval if 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 in 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 in 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 j.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 A mount.” 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- 

  

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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
other provision of this Section I.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. 
 1.4 Change in Control. A “Change in 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 in which Entropic is a party after which the stockholders of Entropic immediately prier 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 if
Employee is terminated for any of the following reasons: (i) conviction of, or plea of nolo contendere to, a felony; (ii) theft or embezzlement, or attempted theft or embezzlement, of money or property or assets of the Company;
(iii) termination consistent with the provisions and procedures of the Company’s drug policy; (iv) continued neglect of your duties in connection with your employment by the Company (not due to a physical or mental illness), which
continues far at least ten (10) days after written notice of demand for compliance is delivered to you by the Company, which demand identifies the manner in which the Company believes that you have not performed such duties and the steps
required to cure such failure to perform; or (v) intentional and willful engagement in misconduct which is materially injurious to the Company. 
 Notwithstanding the foregoing clause (iv), Employee may not be terminated for Cause as a result of his failure or inability to perform assigned duties which are substantially inconsistent with his duties and
responsibilities in effect during the year preceding the Change in Control (or such shorter period of time as Employee was employed by Entropic). Notwithstanding the foregoing clauses, your employment shall not :- be deemed to be terminated for
Cause, and no other action shall be taken by the Company which is adverse to you thereunder unless and until there shall have been delivered to you a copy of a statement of the basis for Cause, signed and approved by an officer of the Company.

 1.6 Voluntary Resignation for “Good Reason.” After a Change in 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: (a) the assignment to
Employee of any 

  

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duties, or any limitation of Employee’s responsibilities, substantially inconsistent with his positions, duties, responsibilities and status with
Entropic immediately prior to the date of the Change of Control, (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 with responsibilities, organizational level and title comparable to Employee) or (iv) any failure by Entropic to continue to provide Employee with the opportunity
to participate in any benefit or compensation plans and programs in which Employee was participating immediately prior to the date of the Change of Control, or their equivalent. 
 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. 
  

	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. 

  

	4.	General Provisions. 

 4.1 Severability. If any
provision of this Agreement is held by 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. 
 4.2 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. 
 4.3 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.

 4.4 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. 
  

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 IN WITNESS WHEREOF, the parties hereto execute this Agreement, effective as of the date first above
written. 
  

									
	 EMPLOYEE:
	 		  	ENTROPIC COMMUNICATIONS, INC.
				
	 /s/ Kurt Noyes
	 		  	By:	 	 /s/ Patrick Henry

	 Name:
	 	Kurt Noyes	 		  	Title:	 	President & CEO
	 Address:
	 	8885 Calle Perico	 		  	Address:	 	9276 Scranton Road, Ste. 200
		 	San Diego, CA 92129	 		  		 	San Diego, CA 92121

  

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