Document:

Prepared by R.R. Donnelley Financial -- 2000 Incentive Plan

 Exhibit 10.1 
  
 LEADIS TECHNOLOGY, INC. 
  
 2000 STOCK INCENTIVE PLAN 
  
 ARTICLE ONE 
 GENERAL PROVISIONS

  

	1.	PURPOSE OF THE PLAN 

  
 This 2000 Stock Incentive Plan is intended to promote the interests of Leadis Technology, Inc., a Delaware corporation, by providing eligible persons with
the opportunity to acquire a proprietary interest, or otherwise increase their proprietary interest, in the Company as an incentive for them to remain in the service of the Company. Capitalized terms shall have the meanings assigned to such terms in
the attached Appendix. 
  

	2.	STRUCTURE OF THE PLAN 

  
 2.1 The Plan shall be divided into two separate equity programs: 
  

	 	(a)	The Discretionary Option Grant Program under which eligible persons may, at the discretion of the Committee, be granted warrants or options (referred to herein as
“options”) to purchase shares of Common Stock, and 

  

	 	(b)	The Stock Issuance Program under which eligible persons may, at the discretion of the Committee, be issued shares of Common Stock directly, either through the immediate purchase of
such shares or as a bonus for services rendered the Company (or any Parent or Subsidiary). 

  
 2.2 The provisions of Articles One and Four shall apply to all equity programs under the Plan and shall govern the interests of all persons under the
Plan. 
  

	3.	ADMINISTRATION OF THE PLAN 

  
 3.1 The Discretionary Option Grant and Stock Issuance Programs shall be administered by the Committee or by the Board acting as the Committee. A majority
of the Committee shall constitute a quorum at any meeting thereof (including by telephone conference) and the acts of a majority of the Committee members present, or acts approved in writing by a majority of the entire Committee without a meeting,
shall be acts of the Committee for purposes of the Plan. The Committee may authorize any one or more of its members or an officer of the Company to execute and deliver documents on behalf of the Committee. The Committee may delegate to one or more
officers of the Company the authority to grant an award under the Plan to Plan participants who are not Insiders of the Company. 
  

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 3.2 Subject to the terms and conditions of the Plan and to the direction of the Board, the Committee
shall have full power and authority to implement and carry out the Plan. Without limiting the generality of the foregoing sentence, the Committee shall have, subject to the terms and conditions of the Plan and direction of the Board, the power and
authority: 
  

	 	(a)	to establish, amend and rescind such rules as it may deem appropriate for proper administration of the Plan or relating to any award under the Plan, to make all factual
determinations, to construe and interpret the provisions of the Plan and the awards under the Plan, and to resolve any and all ambiguities relating to the Plan or any such award; 

  

	 	(b)	to correct any defect; supply any omission or reconcile any inconsistency in the Plan or concerning any award under the Plan; 

  

	 	(c)	to determine, with respect to awards made under the Plan, which eligible persons are to receive such awards, the time or times when such awards are to be made, the number of shares
to be covered by each award, the vesting schedule (if any) applicable to each award, the exercisability of each award, the payment of each award, the status of a granted option as either an Incentive Option or a Non-Statutory Option and the maximum
term for which the option is to remain outstanding, and other terms material to each award; 

  

	 	(d)	to grant waivers of Plan or award conditions, to the extent otherwise legally permitted to do so; 

  

	 	(e)	to amend, modify or cancel any outstanding award with the consent of the holder or accelerate the vesting of such award; and 

  

	 	(f)	to take such other actions as may be necessary or advisable for the administration of the Plan. 

  
 3.3 Decisions of the Committee within the scope of its authority under the Plan shall be final and binding on all parties.

  

	4.	ELIGIBILITY 

  
 4.1 The persons eligible to participate in the Discretionary Option Grant and Stock Issuance Programs are as follows: 
  

	 	(a)	Employees; 

  

	 	(b)	Non-employee members of the Board or the board of directors of any Parent or Subsidiary; and 

  

	 	(c)	Consultants and other independent advisors who provide services to the Company (or any Parent or Subsidiary). 

  
 4.2 No grant of any award under the Plan to a member of the Board holding
more than fifteen percent (15%) of the voting stock of the Company will be permitted unless the Company obtains an opinion from a qualified compensation consultant or an investment advisory firm stating that the award is fair and reasonable in
amount. 
  

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	5.	STOCK SUBJECT TO THE PLAN 

  
 5.1 The stock issuable under the Plan shall be shares of authorized but unissued or reacquired Common Stock, including shares repurchased by the Company
on the open market. The maximum number of shares of Common Stock initially reserved for issuance over the term of the Plan shall not exceed Five Million (5,000,000) shares. Such share reserve is comprised of (i) the 3,000,000 shares of Common Stock
initially authorized for issuance under the Plan plus (ii) an additional increase of 2,000,000 shares of Common Stock authorized by the Board in June 2001. Such share increase is subject to the approval of the Company’s stockholders, and no
stock option grants or share issuances shall be made on the basis of that increase unless and until the requisite shareholder approval is obtained. 
  
 5.2 The aggregate number of Common Stock or any other securities of the Company issued under the Plan and any other plan and/or compensation agreement
adopted by the Company shall not exceed during any consecutive 12-month period, the greatest of the following: 
  

	 	(a)	One Million ($1,000,000) Dollars; 

  

	 	(b)	Fifteen percent (15%) of the total assets of the Company measured at the Company’s most recent annual balance sheet date (if no older than its last fiscal year end), but not to
exceed Five Million ($5,000,000) Dollars; or 

  

	 	(c)	Fifteen percent (15%) of the outstanding Common Stock, measured at the Company’s most recent annual balance sheet date (if no older than its last fiscal year end), but not to
exceed Five Million ($5,000,000) Dollars. 

  
 The determination of
the aggregate sales price, amounts and time of calculation shall be in accordance with Rule 701 promulgated under the 1933 Act. 
  
 5.3 At no time shall the total number of shares issuable upon exercise of all outstanding options and the total number of shares provided for under any
stock bonus or similar plan of the Company exceed the applicable percentage as calculated in accordance with the conditions and exclusions of Section 260.140.45 of Title 10 of the California Code of Regulations, based on the shares of the Company
which are outstanding at the time the calculation is made. 
  
 5.4
Shares of Common Stock subject to outstanding options shall be available for subsequent issuance under the Plan to the extent those options expire, terminate or are cancelled for any reason prior to exercise in full. Unvested shares issued under the
Plan and subsequently repurchased by the Company, at the original exercise or issue price paid per share, pursuant to the Company’s repurchase rights under the Plan shall be added back to the number of shares of Common Stock reserved for
issuance under the Plan and shall accordingly be available for reissuance through one or more subsequent options or direct stock issuances under the Plan. However, should the exercise price of an option under the Plan be paid with shares of Common
Stock or should shares of Common Stock otherwise issuable under the Plan be withheld by the Company in satisfaction of the withholding taxes incurred in connection with the exercise of an option or the vesting of a stock issuance under the Plan,
then the number of shares of Common Stock available for 

  

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issuance under the Plan shall be reduced by the gross number of shares for which the option is exercised or which vest under the stock issuance, and not by
the net number of shares of Common Stock issued to the holder of such option or stock issuance. Shares of Common Stock underlying one or more stock appreciation rights exercised under the Plan shall NOT be available for subsequent issuance.

  
 5.5 If any change is made to the Common Stock by reason of any
stock split, reverse stock split, stock dividend, recapitalization, combination of shares, exchange of shares, reclassification of shares or other change affecting the outstanding Common Stock as a class without the Company’s receipt of
consideration, appropriate adjustments shall be made to (i) the maximum number and/or class of securities issuable under the Plan, (ii) the number and/or class of securities for which any one person may be granted options, separately exercisable
stock appreciation rights and direct stock issuances under the Plan per calendar year, (iii) the number and/or class of securities and the exercise price per share in effect under each outstanding option under the Plan and (iv) the number and/or
class of securities and price per share in effect under each outstanding option incorporated into this Plan from the predecessor plan, if any. Such adjustments are to be effected in a manner which shall preclude the enlargement or dilution of rights
and benefits under such options. The adjustments determined by the Committee shall be final, binding and conclusive. 
  
 ARTICLE TWO 
 DISCRETIONARY OPTION GRANT PROGRAM 
  

	6.	OPTION TERMS 

  
 6.1 General. The Committee may grant options to eligible persons and will determine whether such options will be Incentive Options or Non-Statutory
Options. Each option shall be evidenced by one or more documents in the form approved by the Committee; provided, however, that each such document shall comply with the terms specified below. Each such document shall identify whether the option
covered by it is an Incentive Option or a Non-Statutory Option. Each document evidencing an Incentive Option shall, in addition, be subject to the provisions of the Plan applicable to such options. 
  
 6.2 Date of Grant. The date of grant of an option will be the date on
which the Committee makes the determination to grant such option, unless otherwise specified by the Committee. The document evidencing the granting of any option and a copy of the Plan shall be delivered to the Optionee thereof within a reasonable
time after the granting of such option. 
  
 6.3 Exercise
Price. 
  

	 	(a)	The exercise price per share shall be fixed by the Committee at the time of the option grant and may not be less than eighty-five percent (85%) of the Fair Market Value per share of
Common Stock on the option grant date; provided, however, that the exercise price per share of an Incentive Option shall not be less than one hundred percent (100%) of the Fair Market Value per share of Common Stock on the option grant date. If the
Optionee is a 10% Stockholder, then the exercise price per share shall not be less than one hundred ten percent (110%) of the Fair Market Value per share of Common Stock on the option grant date 

  

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	 	(b)	The exercise price shall become immediately due upon exercise of the option and shall, subject to the provisions of Section 11 of Article Four and the documents evidencing the
option, be payable in cash or check made payable to the Company. Should the Common Stock be registered under Section 12 of the 1934 Act at the time the option is exercised, then the exercise price may also be paid as follows:

  

	 	(1)	Shares of Common Stock held for the requisite period necessary to avoid a charge to the Company’s earnings for financial reporting purposes and valued at Fair Market Value on
the Exercise Date, or 

  

	 	(2)	To the extent the option is exercised for vested shares, through a special sale and remittance procedure pursuant to which the Optionee shall concurrently provide irrevocable
instructions to (a) a Company-approved brokerage firm to effect the immediate sale of the purchased shares and remit to the Company, out of the sale proceeds available on the settlement date, sufficient funds to cover the aggregate exercise price
payable for the purchased shares plus all applicable federal, state and local income and employment taxes required to be withheld by the Company by reason of such exercise and (b) the Company to deliver the certificates for the purchased shares
directly to such brokerage firm in order to complete the sale. 

  
 Except to the extent such sale and remittance procedure is utilized, payment of the exercise price for the purchased shares must be made on the Exercise Date. 
  
 6.4 Exercise and Term of Options. Each option shall be exercisable at
such time or times, during such period, periodically or otherwise and for such number of shares as shall be determined by the Committee and set forth in the documents evidencing the option; provided however: 
  

	 	(a)	Each Optionee shall have a right to exercise at the rate of at least twenty percent (20%) per year over five (5) years from the option grant date, subject to reasonable conditions
such as continued employment; and 

  

	 	(b)	No option shall have a term in excess of ten (10) years from the option grant date; provided further, however, that no Incentive Option granted to a 10% Stockholder shall be
exercisable after the expiration of five (5) years from the option grant date. 

  
 6.5 Method of Exercise. Options may be exercised only by delivery to the Company of a written stock option exercise agreement in a form approved by the Committee (which need not be the same for each Optionee),
stating the number of shares being purchased, the restrictions imposed on the shares purchased under such stock option exercise agreement, if any, and such representations and agreements regarding Optionee’s investment intent and access to
information and other matters, if any, as may be required or desirable by the Company to comply with applicable securities laws, 

  

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together with payment in full of the exercise price for the number of shares being purchased. 
  
 6.6 Cessation of Service; Termination. 
  

	 	(a)	The following provisions shall govern the exercise of any options outstanding at the time of the Optionee’s cessation of Service or death: 

  

	 	(1)	Unless employment is terminated for Cause, hereafter defined, any option outstanding at the time of the Optionee’s cessation of Service for any reason shall remain exercisable
for such period of time thereafter as shall be determined by the Committee and set forth in the documents evidencing the option (which shall be no less than six (6) months from the date of termination if termination was caused by death or
disability, and no less than thirty (30) days from the date of termination if termination was caused by other than death or disability), but no such option shall be exercisable after the expiration of the option term. Termination for
“Cause,” as used herein, shall mean termination for cause as allowed under applicable law. 

  

	 	(2)	Any option exercisable in whole or in part by the Optionee at the time of death may be subsequently exercised by his or her Beneficiary. 

  

	 	(3)	During the applicable post-Service exercise period, the option may not be exercised in the aggregate for more than the number of vested shares for which the option is exercisable on
the date of the Optionee’s cessation of Service. Upon the expiration of the applicable exercise period or (if earlier) upon the expiration of the option term, the option shall terminate and cease to be outstanding for any vested shares for
which the option has not been exercised. However, the option shall, immediately upon the Optionee’s cessation of Service, terminate and cease to be outstanding to the extent the option is not otherwise at that time exercisable for vested
shares. 

  

	 	(b)	The Committee shall have complete discretion, exercisable either at the time an option is granted or at any time while the option remains outstanding: 

  

	 	(1)	To extend the period of time for which the option is to remain exercisable following the Optionee’s cessation of Service to such period of time as the Committee shall deem
appropriate, but in no event beyond the expiration of the option term, and/or 

  

	 	(2)	to permit the option to be exercised, during the applicable post-Service exercise period, for one or more additional installments in which the Optionee would have vested had the
Optionee continued in Service. 

  

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 6.7 Limitations on Exercise. The Committee may specify a reasonable minimum number of shares that
may be purchased on any exercise of an option, provided that such minimum number will not prevent the Optionee thereof from exercising such option up to the full number of shares for which it is then exercisable. 
  
 6.8 Modification, Extension or Renewal. The Committee may modify,
extend or renew outstanding options and authorize the grant of new options in substitution therefor, provided that any such action may not, without the written consent of an Optionee, impair any such Optionee’s rights under any option
previously granted. Any outstanding Incentive Option that is modified, extended, renewed or otherwise altered will be treated in accordance with Section 424(h) of the Code. The Committee may reduce the exercise price of outstanding options without
the consent of the Optionees affected by a written notice to them; provided, however, that the exercise price may not be reduced below the minimum exercise price that would be permitted under Subsection 6.3 of this Plan for options granted on the
date the action is taken to reduce the exercise price. 
  
 6.9
Stockholder Rights. The holder of an option shall have no stockholder rights with respect to the shares subject to the option until such person shall have exercised the option, paid the exercise price and become a holder of record of the
purchased shares. 
  
 6.10 Repurchase Rights. The Committee
shall have the discretion to grant options which are exercisable for unvested shares of Common Stock. Should the Optionee cease Service while holding such unvested shares, the Company shall have the right to repurchase, at the exercise price paid
per share, any or all of those unvested shares, within ninety (90) days after the later of the date when the Optionee ceased Service and the date when the Optionee purchased those shares. The terms upon which such repurchase right shall be
exercisable (including the period and procedure for exercise and the appropriate vesting schedule for the purchased shares) shall be established by the Committee and set forth in the document evidencing such repurchase right. However, to the extent
that paragraph (k) of Section 260.140.41 of Title 10 of the California Code of Regulations is applicable to any reacquisition of shares by the Company under this Subsection 6.10, such paragraph (k) shall be applicable and controlling notwithstanding
anything to the contrary in this Subsection 6.10.140.41; and nothing in this Subsection 6.10 is intended to contravene paragraph (k) of Section 260.140.41 to the extent so applicable. 
  
 6.11 Limited Transferability of Options. During the lifetime of the Optionee, Incentive Options shall be exercisable
only by the Optionee and shall not be assignable or transferable other than by will or by the laws of descent and distribution following the Optionee’s death. Non-Statutory Options shall be subject to the same restrictions, except that a
Non-Statutory Option may, to the extent permitted by the Committee, be assigned in whole or in part during the Optionee’s lifetime to one or more members of the Optionee’s immediate family or to a trust established exclusively for one or
more such family members. The terms applicable to the assigned portion shall be the same as those in effect for the option immediately prior to such assignment and shall be set forth in such documents issued to the assignee as the Committee may deem
appropriate. 
  

	7.	ADDITIONAL TERMS APPLICABLE TO INCENTIVE OPTIONS 

  
 7.1 General. The terms specified in Section 7 shall be applicable to all Incentive Options. Except as modified by the provisions of Section 7, all
the provisions 

  

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of Articles One, Two and Four shall be applicable to Incentive Options. Options which are specifically designated as Non-Statutory Options when issued under
the Plan shall not be subject to the terms of Section 7. 
  
 7.2
Eligibility. Incentive Options may only be granted to Employees. 
  
 7.3 Dollar Limitation. The aggregate Fair Market Value of the shares of Common Stock (determined as of the respective date or dates of grant) for which one or more options granted to any Employee under the Plan (or any other option
plan of the Company or any Parent or Subsidiary) may for the first time become exercisable as Incentive Options during any one calendar year shall not exceed the sum of One Hundred Thousand Dollars ($100,000). To the extent the Employee holds two
(2) or more such options which become exercisable for the first time in the same calendar year, the foregoing limitation on the exercisability of such options as Incentive Options shall be applied on the basis of the order in which such options are
granted. 
  
 7.4 No Disqualification. Notwithstanding any
other provision in this Plan, no term of this Plan relating to Incentive Options will be interpreted, amended or altered, nor will any discretion or authority granted under this Plan be exercised, so as to disqualify this Plan under Section 422 of
the Code or, without the consent of all Optionees affected, to disqualify any Incentive Options under section 422 of the Code. 
  

	8.	STOCK APPRECIATION RIGHTS 

  
 The Committee may, subject to such conditions as it may determine, grant to selected Optionees stock appreciation rights which will allow the holders of
those rights to elect between the exercise of the underlying option for shares of Common Stock and the surrender of that option in exchange for a distribution from the Company in an amount equal to the excess of (a) the Option Surrender Value of the
number of shares for which the option is surrendered over (b) the aggregate exercise price payable for such shares. The distribution may be made in shares of Common Stock valued at Fair Market Value on the option surrender date, in cash, or partly
in shares and partly in cash, as the Committee shall in its sole discretion deem appropriate. 
  
 ARTICLE THREE 
 STOCK ISSUANCE PROGRAM 
  

	9.	STOCK ISSUANCE TERMS 

  
 Shares of Common Stock may be issued under the Stock Issuance Program through direct and immediate issuances without any intervening options. Shares of
Common Stock may also be issued under the Stock Issuance Program pursuant to share right awards which entitle the recipients to receive those shares upon the attainment of designated performance goals or Service requirements. Each such award shall
be evidenced by one or more documents which comply with the terms specified below. 
  
 9.1 Purchase Price. 
  

	 	(a)	 The purchase price per share of Common Stock subject to direct issuance shall be fixed by the Committee and may not be less than eighty-five percent (85%) of the
Fair Market Value per share of Common Stock either (i) at the date of grant of the right to purchase such share or (ii) at the date of issuance of such share; 

  

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provided, however, that in the case of a 10% Stockholder, the exercise price per share shall not be less than one hundred percent (100%) of the Fair Market
Value either (x) at the date of grant of the right to purchase such share or (y) at the date of issuance of such share. 

  

	 	(b)	Subject to the provisions of Section 11 of Article Four, shares of Common Stock may be issued under the Stock Issuance Program for any of the following items of consideration which
the Committee may deem appropriate in each individual instance: 

  

	 	(1)	cash or check made payable to the Company, or 

  

	 	(2)	past services rendered to the Company (or any Parent or Subsidiary). 

  
 9.2 Vesting/Issuance Provisions. 
  

	 	(a)	The Committee may issue shares of Common Stock which are fully and immediately vested upon issuance or which are to vest in one or more installments over the Participant’s
period of Service or upon attainment of specified performance objectives. The Committee may issue share right awards which shall entitle the recipient to receive a specified number of vested shares of Common Stock upon the attainment of one or more
performance goals or Service requirements established by the Committee. 

  

	 	(b)	If any change is made to the Common Stock by reason of any stock dividend, stock split, reverse stock split, recapitalization, combination of shares, exchange of shares
reclassification of shares or other change affecting the outstanding Common Stock as a class without the Company’s receipt of consideration, any new, substituted or additional securities or other property (including money paid other than as a
regular cash dividend) which the Participant may have the right to receive with respect to his or her unvested shares of Common Stock shall be issued subject to (i) the same vesting requirements applicable to the Participant’s unvested shares
of Common Stock and (ii) such escrow arrangements as the Committee shall deem appropriate. 

  

	 	(c)	The Participant shall have full stockholder rights with respect to the issued shares of Common Stock, whether or not the Participant’s interest in those shares is vested.
Accordingly, the Participant shall have the right to vote such shares and to receive any regular cash dividends paid on such shares. 

  

	 	(d)	 Should the Participant cease to remain in Service while holding one or more unvested shares of Common Stock, or should the performance objectives not be attained
with respect to one or more such unvested shares of Common Stock, the Company shall have the right to repurchase those shares; and concurrently with the exercise of such right, those shares shall be immediately surrendered to the Company for
cancellation, and the Participant shall have no further stockholder rights with respect to those 

  

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shares. To the extent the surrendered shares were previously issued to the Participant for consideration paid in cash or cash equivalent (including the
Participant’s purchase-money indebtedness), the Company shall repay to the Participant the cash consideration paid for the surrendered shares and shall cancel the unpaid principal balance of any outstanding purchase-money note of the
Participant attributable to the surrendered shares; which repayment and cancellation shall occur within ninety (90) days of the Participant’s ceasing to remain in Service. However, to the extent that paragraph (h) of Section 260.140.42 of Title
10 of the California Code of Regulations is applicable to any repurchase of shares by the Company under this paragraph (d) of Subsection 9.2, such paragraph (h) shall be applicable and controlling notwithstanding anything to the contrary in this
paragraph (d) of Subsection 9.2; and nothing in this paragraph (d) of Subsection 9.2 is intended to contravene paragraph (h) of section 260.140.42 to the extent so applicable. 

  

	 	(e)	The Committee may waive the surrender and cancellation of one or more unvested shares of Common Stock (or other assets attributable thereto) which would otherwise occur upon the
cessation of the Participant’s Service or the non-attainment of the performance objectives applicable to those shares. Such waiver shall result in the immediate vesting of the Participant’s interest in the shares of Common Stock as to
which the waiver applies. Such waiver may be effected at any time, whether before or after the Participant’s cessation of Service or the attainment or non-attainment of the applicable performance objectives. 

  

	 	(f)	Outstanding share right awards shall automatically terminate, and no shares of Common Stock shall actually be issued in satisfaction of those awards, if the performance goals or
Service requirements established for such awards are not attained. The Committee, however, shall have the authority to issue shares of Common Stock in satisfaction of one or more outstanding share right awards as to which the designated performance
goals or Service requirements are not attained. 

  
 9.3 Share Escrow/Legends. Unvested shares may, in the Committee’s discretion, be held in escrow by the Company until the Participant’s interest in such shares vests or may be issued directly to the Participant with
restrictive legends on the certificates evidencing those unvested shares. 
  
 9.4 Limited Transferability. During the lifetime of the Participant, his or her right to purchase shares under the Stock Issuance Program can be exercised only by him or her and cannot be transferred other than
by will or the laws of descent and distribution after his or her death. 
  

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 ARTICLE FOUR 
 MISCELLANEOUS 
  

	10.	NO IMPAIRMENT OF AUTHORITY 

  
 Outstanding awards shall in no way affect the right of the Company to adjust, reclassify, reorganize or otherwise change its capital or business structure
or to merge, consolidate, dissolve, liquidate or sell or transfer all or any part of its business or assets, subject to the other provisions of the Plan. 
  

	11.	FINANCING; PAYMENT BY CANCELLATION OF DEBT 

  
 11.1 Where permitted by applicable law the Committee may permit any Optionee or Participant to pay the option exercise price under the Discretionary
Option Grant Program or the purchase price of shares issued under the Stock Issuance Program by delivering a full-recourse, interest bearing promissory note payable in one or more installments. The terms of any such promissory note (including the
interest rate and the terms of repayment) shall be established by the Committee in its sole discretion. In no event may the maximum credit available to the Optionee or Participant exceed the sum of (i) the aggregate option exercise price or purchase
price payable for the purchased shares plus (ii) any federal, state and local income and employment tax liability incurred by the Optionee or the Participant in connection with the option exercise or share purchase. 
  
 11.2 Where permitted by applicable law, the Committee may permit any Optionee
or Participant to pay the option exercise price under the Discretionary Option Grant Program or the purchase price of shares issued under the Stock Issuance Program by cancellation of indebtedness of the Company to the Optionee or the Participant,
as the case may be. 
  

	12.	TAX WITHHOLDING 

  
 12.1 The Company’s obligation to deliver shares of Common Stock upon the exercise of options or the issuance or vesting of such shares under the Plan
shall be subject to the satisfaction of all applicable federal, state and local income and employment tax withholding requirements. 
  
 12.2 The Committee may, in its discretion, provide any or all holders of Non-Statutory Options or unvested shares of Common Stock under the Plan with the
right to use shares of Common Stock in satisfaction of all or part of the Taxes incurred by such holders in connection with the exercise of their options or the vesting of their shares. Such right may be provided to any such holder in either or both
of the following formats: 
  

	 	(a)	Stock Withholding: The election to have the Company withhold, from the shares of Common Stock otherwise issuable upon the exercise of such Non-Statutory Option or the vesting of
such shares, a portion of those shares with an aggregate Fair Market Value equal to the percentage of the Taxes (not to exceed one hundred percent (100%)) designated by the holder. 

  

	 	(b)	Stock Delivery: The election to deliver to the Company, at the time the Non-Statutory Option is exercised or the shares vest, one or more shares of Common Stock previously acquired
by such holder (other than in connection with the option exercise or share vesting triggering the Taxes) with an aggregate Fair Market Value equal to the percentage of the Taxes (not to exceed one hundred percent (100%)) designated by the holder.

  

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	13.	FINANCIAL STATEMENTS 

  
 The Company will provide financial statements to each Optionee or Participant at least annually during the period such Optionee or Participant has awards
outstanding; provided, however, the Company will not be required to provide such financial statements to Optionees and Participants whose services in connection with the Company assure them access to equivalent information. 
  

	14.	CERTIFICATES 

  
 All certificates for shares or other securities delivered under this Plan will be subject to such stock transfer orders, legends and other restrictions as
the Committee may deem necessary or advisable, including restrictions under any applicable federal, state or foreign securities law, or any rules, regulations and other requirements of the Securities and Exchange Commission or any Stock Exchange or
automated quotation system upon which the shares may be listed or quoted. 
  

	15.	ESCROW; PLEDGE OF SHARES 

  
 To enforce any restrictions on an Optionee’s or Participant’s shares, the Committee may require the deposit of all certificates representing
such shares, together with stock powers or other instruments of transfer approved by the Committee, appropriately endorsed in blank, with the Company or an agent designated by the Company to hold in escrow until such restrictions have lapsed or
terminated, and the Committee may cause a legend or legends referencing such restrictions to be placed on the certificates. Any Optionee or Participant who is permitted to execute a promissory note as partial or full consideration for the purchase
of shares under this Plan will be required to pledge and deposit with the Company all or part of the shares so purchased as collateral to secure the payment of such Optionee’s or Participant’s obligation to the Company under the promissory
note; provided, however, that the Committee may require or accept other or additional forms of collateral to secure the payment of such obligation and, in any event, the Company will have full recourse against such Optionee or Participant, under the
promissory note notwithstanding any pledge of his or her shares or other collateral. In connection with any pledge of the shares, the person pledging the shares will be required to execute and deliver a written pledge agreement in such form as the
Committee will from time to time approve. The shares purchased with the promissory note may, if the Committee approves, be released from the pledge on a pro rata basis as the promissory note is paid. 
  

	16.	EXCHANGE AND BUYOUT OF AWARDS 

  
 The Committee may, at any time or from time to time, authorize the Company, with the consent of the affected Optionees and/or Participants, to issue new
awards in exchange for the surrender and cancellation of any or all outstanding awards. The Committee may, at any time or from time to time, buy from any Optionee or Participant an award previously granted with payment in cash, shares (including
Restricted Stock) or other consideration, based on such terms and conditions as the Committee and such Optionee or Participant may agree. 
  

	17.	SECURITIES LAW AND OTHER REGULATORY COMPLIANCE 

  
 An award granted under the Plan will not be effective unless such award is in compliance with all applicable federal and state securities laws, rules and
regulations of any governmental body, and the requirements of any Stock Exchange or automated 

  

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quotation system upon which the shares may then be listed or quoted, as they are in effect on the date of grant of the award and also on the date of exercise
or other issuance. Notwithstanding any other provision in the Plan, the Company will have no obligation to issue or deliver certificates for shares under this Plan prior to: (a) obtaining any approvals from governmental agencies that the Company
determines are necessary or advisable; and/or (b) completion of any registration or other qualification of such shares under any state or federal law or ruling of any governmental body that the Company determines to be necessary or advisable. The
Company will be under no obligation to register the Shares with the Securities and Exchange Commission or to effect compliance with the registration, qualification or listing requirements of any state securities laws, Stock Exchange or automated
quotation system, and the Company will have no liability for any inability or failure to do so. 
  

	18.	CORPORATE TRANSACTIONS 

  
 18.1 Assumption or Replacement of Awards by Successor. In the event of (a) a dissolution or liquidation of the Company, (b) a merger or
consolidation in which the Company is not the surviving corporation (other than a merger or consolidation with a wholly-owned subsidiary, a reincorporation of the Company in a different jurisdiction, or other transaction in which there is no
substantial change in the stockholders of the Company or their relative stock holdings and the Awards granted under this Plan are assumed, converted or replaced by the successor corporation, which assumption will be binding on all Optionees and
Participants), (c) a merger in which the Company is the surviving corporation but after which the stockholders of the Company immediately prior to such merger (other than any stockholder that merges, or which owns or controls another corporation
that merges, with the Company in such merger) cease to own their shares or other equity interest in the Company, (d) the sale of substantially all of the assets of the Company, or (e) the acquisition, sale, or transfer of more than fifty percent
(50%) of the outstanding shares of the Company by tender offer or similar transaction, any or all outstanding awards granted pursuant to the Plan may be assumed, converted or replaced by the successor corporation (if any), which assumption,
conversion or replacement will be binding on all Optionees and Participants. In the alternative, the successor corporation may substitute equivalent awards or provide substantially similar consideration to Participants as was provided to
stockholders (after taking into account the existing provisions of the awards granted under the Plan). The successor corporation may also issue, in place of outstanding shares of the Company issued pursuant to the Plan, substantially similar shares
or other property subject to repurchase restrictions no less favorable to holders of shares of the Company. In the event such successor corporation (if any) refuses to assume or substitute awards, as provided above, pursuant to a transaction
described in this Subsection 18.1, such awards will expire on such transaction at such time and on such conditions as the Committee will determine. Notwithstanding anything in this Plan to the contrary, the Committee may, in its sole discretion,
provide that the vesting of any or all awards granted pursuant to this Plan will accelerate upon a transaction described in this Section 18. If the Committee exercises such discretion with respect to options, such options will become exercisable in
full prior to the consummation of such event at such time and on such conditions as the Committee determines, and if such options are not exercised prior to the consummation of the corporate transaction, they shall terminate at such time as
determined by the Committee. 
  
 18.2 Other Treatment of
Awards. Subject to any greater rights granted to Optionees and/or Participants under the foregoing provisions of this Section 18, in the event of the occurrence of any transaction described in Subsection 18.1, any outstanding 

  

 13 

 
awards granted under the Plan will be treated as provided in the applicable agreement or plan of merger, consolidation, dissolution, liquidation, or sale of
assets. 
  
 18.3 Assumption of Awards by the Company. The
Company, from time to time, also may substitute or assume outstanding awards granted by another company, whether in connection with an acquisition of such other company or otherwise, by either; (a) granting an award under this Plan in substitution
of such other company’s award; or (b) assuming such award as if it had been granted under this Plan if the terms of such assumed award could be applied to an award granted under this Plan. Such substitution or assumption will be permissible if
the holder of the substituted or assumed award would have been eligible to be granted an award under this Plan if the other company had applied the rules of this Plan to such grant. In the event the Company assumes an award granted by another
company, the terms and conditions of such award will remain unchanged (except that the exercise price and the number and nature of shares issuable upon exercise of any such option will be adjusted appropriately pursuant to Section 424(a) of the
Code). In the event the Company elects to grant a new option rather than assuming an existing option, such new option may be granted with a similarly adjusted exercise price. 
  

	19.	EFFECTIVE DATE AND TERM OF THE PLAN 

  
 19.1 The Plan shall become effective immediately upon the Plan Effective Date. Options may be granted under the Discretionary Option Grant Program at any
time on or after the Plan Effective Date. However, no options granted under the Plan may be exercised, and no shares shall be issued under the Plan, until the Plan is approved by the Company’s stockholders. If such stockholder approval is not
obtained within twelve (12) months after the Plan Effective Date, then all options previously granted under this Plan shall terminate and cease to be outstanding, and no further options shall be granted and no shares shall be issued under the Plan.

  
 19.2 Unless earlier terminated pursuant to Subsection 20.1,
the Plan shall terminate upon the earliest of (i) 10 years after the Plan Effective Date, or (ii) the date on which all shares available for issuance under the Plan shall have been issued as fully-vested shares. Notwithstanding such termination, all
outstanding options and unvested stock issuances shall thereafter continue to have force and effect in accordance with the provisions of the documents evidencing such grants or issuances. 
  

	20.	AMENDMENT OF THE PLAN 

  
 20.1 The Board shall have complete and exclusive power and authority to terminate, amend or modify the Plan in any or all respects. However, no such
termination, amendment or modification shall adversely affect the rights and obligations of any Optionee or Participant with respect to stock options or unvested stock issuances at the time outstanding under the Plan unless the Optionee or the
Participant consents to such termination, amendment or modification. In addition, certain amendments may require stockholder approval pursuant to applicable laws, in which event such stockholder approval must be obtained in accordance with
applicable law before such amendments will become effective. 
  
 20.2 Options to purchase shares of Common Stock may be granted under the Discretionary Option Grant and shares of Common Stock may be issued under the Stock Issuance Program that are in each instance in excess of the number of shares then
available for issuance under the Plan, provided any excess shares actually issued under 

  

 14 

 
those programs shall be held in escrow until there is obtained stockholder approval of an amendment sufficiently increasing the number of shares of Common
Stock available for issuance under the Plan. If such stockholder approval is not obtained within twelve (12) months after the date the first such excess issuances are made, then (i) any unexercised options granted on the basis of such excess shares
shall terminate and cease to be outstanding and (ii) the Company shall promptly refund to the Optionees and the Participants the exercise or purchase price paid for any excess shares issued under the Plan and held in escrow, together with interest
(at the applicable prime rate at Bank of America for the period the shares were held in escrow, and such shares shall thereupon be automatically cancelled and cease to be outstanding). 
  

	21.	NO EMPLOYMENT/SERVICE RIGHTS 

  
 Nothing in the Plan shall confer upon the Optionee or the Participant any right to continue in Service for any period of specific duration or interfere
with or otherwise restrict in any way the rights of the Company (or any Parent or Subsidiary employing or retaining such person) or of the Optionee or the Participant, which rights are hereby expressly reserved by each, to terminate such
person’s Service at any time for any reason, with or without cause. 
  

	22.	NONEXCLUSIVITY OF THE PLAN 

  
 Neither the adoption of this Plan by the Board, the submission of this Plan to the stockholders of the Company for approval, nor any provision of this
Plan will be construed as creating any limitations on the power of the Board to adopt such additional compensation arrangements as it may deem desirable, including, without limitation, the granting of stock options and bonuses otherwise than under
this Plan, and such arrangements may be either generally applicable or applicable only in specific cases. 
  

	23.	APPLICABLE LAW 

  
 This Plan and all agreements thereunder shall be governed by and construed in accordance with the laws of the State of California without regard to
conflicts of law principles, and, to the extent applicable, the federal laws of the United States of America; provided, however, that corporate governance matters (including but not limited to the rights and obligations of the Board or the
Committee) shall be governed by and construed in accordance with the laws of the State of Delaware applicable to a Delaware corporation. 
  

 15 

 APPENDIX 
  

The following definitions shall be in effect under the Plan: 
  
 BENEFICIARY shall mean, in the event the Committee implements a beneficiary designation procedure, the person designated by an Optionee or Participant,
pursuant to such procedure, to succeed to such person’s rights under any outstanding awards held by him or her at the time of death. In the absence of such designation or procedure, the Beneficiary shall be the personal representative of the
estate of the Optionee or Participant or the person or persons to whom the award is transferred by will or the laws of descent and distribution. 
  
 BOARD shall mean the Company’s Board of Directors. 
  
 CODE shall mean the Internal Revenue Code of 1986, as amended. 
  
 COMMITTEE shall mean the Compensation Committee of the Board, or the Board acting as such Compensation Committee. 
  
 COMMON STOCK shall mean the Company’s common stock. 
  
 COMPANY shall mean Leadis Technology, Inc., a Delaware Company, and its
successors. 
  
 DISCRETIONARY OPTION GRANT PROGRAM shall mean the
discretionary option grant program in effect under the Plan. 
  
 EMPLOYEE shall mean an individual who is in the employ of the Company (or any Parent or Subsidiary), subject to the control and direction of the employer entity as to both the work to be performed and the manner and method of performance.

  
 EXERCISE DATE shall mean the date on which the Company shall
have received written notice of the option exercise. 
  
 FAIR
MARKET VALUE per share of Common Stock on any relevant date shall be determined in accordance with the following provisions: 
  

	 	(1)	If the Common Stock is at the time traded on the Nasdaq National Market, then the Fair Market Value shall be the closing selling price per share of Common Stock on the date in
question, as such price is reported by the National Association of Securities Dealers on the Nasdaq National Market or any successor system. If there is no closing selling price for the Common Stock on the date in question, then the Fair Market
Value shall be the closing selling price on the last preceding date for which such quotation exists. 

  

	 	(2)	If the Common Stock is at the time listed on any Stock Exchange, then the Fair Market Value shall be the closing selling price per share of Common Stock on the date in question on
the Stock Exchange determined by the Committee to be the primary market for the Common Stock, as such price is officially quoted in the composite tape of transactions on such exchange. If there is no closing selling price for the Common Stock on the
date in question, then the Fair Market Value shall be the closing selling price on the last preceding date for which such quotation exists. 

  

 16 

	 	(3)	If the Common Stock is not traded on the Nasdaq National Market nor listed on any Stock Exchange, then the Fair Market Value shall be deemed to be either (a) the price at which the
Company generally sells Common Stock to third parties as of the date in question, or (b) the price determined by the Board as the fair market value of the Common Stock as of the date in question. 

  
 INCENTIVE OPTION shall mean an option which satisfies the requirements of
Code Section 422. 
  
 INSIDER shall mean an officer or director of
the Company or any other person whose transactions in the Company’s Common Stock are subject to Section 16 of the Exchange Act. 
  
 NON-STATUTORY OPTION shall mean an option not intended to satisfy the requirements of Code Section 422. 
  
 OPTION SURRENDER VALUE shall mean the Fair Market Value per share of Common
Stock on the date the option is surrendered to the Company. 
  
 OPTIONEE shall mean any person to whom an option is granted under the Discretionary Option Grant. 
  
 PARENT shall mean any Company (other than the Company) in an unbroken chain of Companies ending with the Company, provided each Company in the unbroken
chain (other than the Company) owns, at the time of the determination, stock possessing fifty percent (50%) or more of the total combined voting power of all classes of stock in one of the other Companies in such chain. 
  
 PARTICIPANT shall mean any person who is issued shares of Common Stock under
the Stock Issuance Program. 
  
 PERMANENT DISABILITY OR
PERMANENTLY DISABLED shall mean the inability of the Optionee or the Participant to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment expected to result in death or to be of continuous
duration of twelve (12) months or more. However, for non-employee Board members, Permanent Disability or Permanently Disabled shall mean the inability of the non-employee Board member to perform his or her usual duties as a Board member by reason of
any medically determinable physical or mental impairment expected to result in death or to be of continuous duration of twelve (12) months or more. 
  
 PLAN shall mean the Company’s 2000 Stock Incentive Plan, as set forth in this document. 
  
 PLAN EFFECTIVE DATE shall mean August 28, 2000, the date on which the Plan was adopted by the Board. 
  
 SERVICE shall mean the performance of services for the Company (or any Parent
or Subsidiary) by a person in the capacity of an Employee, a non-employee member of the board of directors or a consultant or independent advisor, except to the extent otherwise specifically provided in the documents evidencing the option grant or
stock issuance. 
  

 17 

 STOCK EXCHANGE shall mean the American Stock Exchange, the New York Stock Exchange, or any other Stock
Exchange that permits public trading of the Common Stock. 
  
 STOCK ISSUANCE PROGRAM shall mean the stock issuance program in effect under the Plan. 
  
 SUBSIDIARY shall mean any Company (other than the Company) in an unbroken chain of Companies beginning with the Company, provided each Company (other than
the last Company) in the unbroken chain owns, at the time of the determination, stock possessing fifty percent (50%) or more of the total combined voting power of all classes of stock in one of the other Companies in such chain. 
  
 TAXES shall mean the federal, state and local income and employment tax
liabilities incurred by the holder of Non-Statutory Options or unvested shares of Common Stock in connection with the exercise of those options or the vesting of those shares. 
  
 10% STOCKHOLDER shall mean the owner of stock (as determined under Code Section 424(d)) possessing more than ten percent
(10%) of the total combined voting power of all classes of stock of the Company (or any Parent or Subsidiary). 
  
 1933 ACT shall mean the Securities Act of 1933, as amended. 
  
 1934 ACT shall mean the Securities Exchange Act of 1934, as amended. 
  

 18 

 THIS OPTION AND THE SECURITIES ISSUABLE UPON THE EXERCISE HEREOF HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF
1933, AS AMENDED, OR UNDER THE SECURITIES LAWS OF ANY STATE, AND MAY NOT BE SOLD, ASSIGNED OR TRANSFERRED UNLESS REGISTERED UNDER SUCH ACT AND REGISTERED OR QUALIFIED UNDER APPLICABLE STATE SECURITIES LAWS, OR PURSUANT TO AN EXEMPTION FROM ALL SUCH
REGISTRATION OR QUALIFICATION REQUIREMENTS THEREUNDER, THE AVAILABILITY OF WHICH EXEMPTION IS CONFIRMED IN A WRITTEN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY AND ITS COUNSEL. 
  
 LEADIS TECHNOLOGY, INC. 
  
 NON-STATUTORY STOCK OPTION AGREEMENT 
  
 THIS NON-STATUTORY STOCK OPTION AGREEMENT (this “Agreement”) is executed as of
                , by and between Leadis Technology, Inc., a Delaware corporation (the “Company”),
and                , (the “Optionee”). 
  
 WHEREAS, the Company desires, by affording the Optionee an opportunity to purchase a certain number of shares of the common stock of the Company, to carry
out the purposes of the Company’s 2000 Stock Incentive Plan (the “Plan”); and 
  
 WHEREAS, the Compensation Committee of the Company’s Board of Directors,
or the Company’s Board of Directors acting as such Compensation Committee (the “Committee”), has duly made all determinations necessary or appropriate to effect the grants hereunder; and 
  
 NOW, THEREFORE, in consideration of the premises and the mutual covenants
hereinafter set forth and for other good and valuable consideration, receipt of which is hereby acknowledged, the parties hereto have agreed, and do hereby agree, as follows: 
  

	1.	Type of Option and Definitions. 

  
 1.1 Type of Option. The option granted hereunder is designated as a non-statutory stock option and is granted pursuant to the Plan, a copy of which
the Optionee acknowledges having received. The provisions of the Plan are incorporated herein by reference. 
  
 1.2 Definitions. Capitalized terms used but not otherwise defined herein shall have the meanings assigned to them in the Plan. 
  

 1 

	2.	Grant of Option; Exercise Price and Term. 

  
 2.1 Grant of Option. The Company hereby grants to the Optionee, effective on the date of this Agreement (the “Date of Grant” or the
“Effective Date”), as a matter of separate agreement and not in lieu of any compensation for services of the Optionee as
                     the right and option to purchase (the “option” or this “option”) 60,000 shares of Common Stock (the
“Shares”), on the terms and conditions set forth herein. 
  
 2.2 Exercise Price. For each of the Shares purchased pursuant to this Agreement, the Optionee shall pay to the Company an exercise price of              per share
(the “Exercise Price”), which the parties agree is at least 100% of the Fair Market Value per share of Common Stock on the Date of Grant. Accordingly, the aggregate Exercise Price to purchase all of the Shares subject to this option is
            . The Committee may, in its sole and absolute discretion, by written notice to the Optionee, reduce the Exercise Price without the consent of the Optionee; provided,
however, that the Exercise Price shall not be reduced below the minimum exercise price permitted under the Plan for options granted on the date the action is taken to reduce the exercise price. 
  

	3.	Option Period; Termination of Option. 

  
 3.1 Basic Option Period. Subject to Subsections 3.2 and 3.3 hereof and other applicable provisions of this Agreement, all or part of this option
may be exercised during the period of 10 years from the Date of Grant (the “Option Period”). 
  
 3.2 Termination of Option. Unless the Service is terminated for Cause, any option outstanding at the time of the Optionee’s cessation of
Service for any reason shall remain exercisable for 6 months from the date of such cessation if the cessation was caused by death or disability and 30 days from the date of such cessation if the cessation was caused by any reason other than death or
disability; provided, however, no option shall be exercisable after the expiration of the Option Period. In the event the Service ceased due to the removal of the Optionee for Cause, the option shall cease to be exercisable concurrently with the
cessation of Service, or, if applicable law requires that the option remain exercisable following such cessation, the option shall remain exercisable for the shortest period of time following such cessation that applicable law allows; provided,
however, such period shall not in any event exceed 30 days from the date of such cessation. Upon the expiration of the Option Period, the option shall terminate and cease to be exercisable to the extent not yet exercised. 
  
 3.3 Effect of Change in Control. 
  
 (a) If the Company is subject to a Change in Control (as
defined in paragraph (b) of this Subsection 3.3), the exercisability of and the effect on the option, to the extent not fully exercised at the time the Company is subject to that Change in Control, shall be determined in accordance with Subsection
18.1 of the Plan and be subject to the discretion of the Committee as permitted in such Subsection 18.1 and the other provisions of the Plan, provided that such 

  

 2 

 
discretion will not be exercised in violation of applicable law then in effect. Nothing in this paragraph 3.3 (a) shall be deemed to limit the provisions of
Subsection 3.2 or the other provisions of this Agreement relating to the termination of the option upon the Optionee’s cessation of Service or upon the occurrence of certain other event. 
  
 (b) “Change in Control” shall mean (i) the
consummation of a merger or consolidation of the Company with or into another entity or any other corporate reorganization, if more than 50% of the combined voting power of the continuing or surviving entity’s securities outstanding immediately
after such merger, consolidation or other reorganization is owned by persons who were not stockholders of the Company immediately prior to such merger, consolidation or other reorganization, or (ii) the sale, transfer or other disposition of all or
substantially all of the Company’s assets. A transaction shall not constitute a Change in Control if its sole purpose is to change the state of the Company’s incorporation or to create a holding company that will be owned in substantially
the same proportions by the persons who held the Company’s securities immediately before such transaction. 
  

	4.	Exercise Procedures. 

  
 4.1 Manner and Notice of Exercise. The Option shall be exercisable during the Optionee’s lifetime only by the Optionee (or his guardian or
legal representative), and after the Optionee’s death only by his Beneficiary. The option may only be exercised by the delivery to the Company of a fully completed and signed Purchase Form and Instructions for Registration of Stock in the form
attached hereto as Exhibit 1 (the “Purchase Form”), which provides for a purchase by the Optionee of not less than the minimum number of Shares which may at that time be purchased in connection with the exercise of the option (as
determined by the Committee from time to time in its sole and absolute discretion, provided that such minimum number shall not prevent the Optionee from exercising the option for the full number of Shares for which it is then exercisable), together
with payment in full in lawful currency of the United States, in cash or check made payable to the Company, for the aggregate Exercise Price for the number of Shares being purchased. Following the Optionee’s exercise of the option, the Optionee
shall, upon request from the Company, immediately provide to the Company the Optionee’s written representations regarding the Optionee’s investment intent and access to information and other matters, if any, as may be deemed desirable by
the Company to comply with applicable securities laws. For all purposes of this Agreement, the date of the exercise of the option shall be the date on which the Optionee delivers to the Company the completed and signed Purchase Form and payment in
full, all in accordance with the requirements of this Section 4. 
  
 4.2 Issuance of Shares. After receiving the completed and signed Purchase Form and payment for the Shares to be purchased pursuant to such Purchase Form, and the written representations described in Subsection 4.1 hereof upon the
request of the Company, the Company shall cause to be issued one or more certificates for the Shares as to which this option has been exercised pursuant to such Purchase Form, registered in the name of the Optionee (or in the name of the Optionee
and his spouse as community property or as joint tenant with right of survivorship if requested in writing by the Optionee and if permitted by the then applicable law), 

  

 3 

 
subject to any and all repurchase rights, escrow requirements, restrictive legend requirements and other restrictions and conditions set forth in this
Agreement. 
  
 4.3 Withholding Taxes. The Company’s
obligation to deliver any Shares upon the exercise of the option shall be subject to the satisfaction of all applicable federal, state and local income and employment tax withholding requirements. The Committee may, in its sole and absolute
discretion, provide the Optionee with the right to use Shares in satisfaction of all or part of the Taxes incurred by the Optionee in connection with the exercise of this option or the vesting of the Shares issued pursuant to this Agreement. Such
right may, in the Committee’s sole and absolute discretion, be provided to the Optionee in either or both of the following formats: 
  
 (a) The election to have the Company withhold, from the Shares otherwise issuable upon the exercise of this option or the vesting of such
shares, a portion of those Shares with an aggregate Fair Market Value equal to the percentage of the Taxes (not to exceed 100%) designated by the Optionee; and/or 
  
 (b) The election to deliver to the Company, at the time the option is exercised or the shares vest, one or
more Shares previously acquired by the Optionee (other than in connection with the option exercise or share vesting triggering the Taxes) with an aggregate Fair Market Value equal to the percentage of the Taxes (not to exceed 100%) designated by the
Optionee. 
  

	5.	Limited Transferability of Options and Rights. 

  
 During the lifetime of the Optionee, the option shall be exercisable only by the Optionee and shall not be assignable or transferable other than by will
or by the laws of descent and distribution following the Optionee’s death, except that the option may, to the extent authorized in writing by the Committee in its sole and absolute discretion, be assigned in whole or in part during the
Optionee’s lifetime to one or more members of the Optionee’s immediate family or to a trust established exclusively for one or more such family members. The terms applicable to the assigned portion shall be the same as those in effect for
the option immediately prior to such assignment and shall be set forth in such documents issued to the assignee as the Committee may deem appropriate. Except as otherwise provided herein, the option and the rights and privileges conferred by this
Agreement may not be transferred, assigned, pledged, or hypothecated by the Optionee in any way (whether by operation of law or otherwise) and shall not be subject to sale under any execution, attachment or similar process. Upon any attempt to
transfer, assign, pledge, hypothecate or otherwise dispose of the option, or of the right or privilege conferred hereby, contrary to the provisions hereof, or upon any attempted sale under any execution, attachment or similar process upon the rights
and privileges conferred hereby, the option and the rights and privileges conferred upon the Optionee in this Agreement shall immediately become null and void to the fullest extent permitted by applicable law and not prohibited by the Plan, at the
election of the Company in its sole and absolute discretion. This Agreement is made solely for the benefit of the parties to this Agreement and their respective successors and permitted assigns, and no other person or entity shall have or acquire
any right by virtue of this Agreement. 
  

 4 

	6.	Right of Repurchase. 

  
 6.1 General. The Company has the right to repurchase all or a portion of the Restricted Shares (as defined in Subsection 6.2) on the terms and
conditions set forth in Section 6 (the “Right to Repurchase”). The Optionee shall not transfer, assign encumber or otherwise dispose of any Restricted Shares, except as provided in the following sentence. The Optionee may transfer
Restricted Shares (i) by beneficiary designation, will or intestate succession or (ii) to the Optionee’s spouse, children or grandchildren or to a trust established by the Optionee for the benefit of the Optionee or the Optionee’s spouse,
children or grandchildren, provided in either case that such transferee of the Restricted Shares agrees in writing on a form prescribed by the Company to be bound by all provisions of this Agreement, and Section 6 shall apply to such transferee to
the same extent as to the Optionee. 
  
 6.2 Vested Shares and
Restricted Shares. Shares that are not Vested Shares (as defined in this Subsection 6.2) are “Restricted Shares.” On the Effective Date all of the Shares will be Restricted Shares. If the Optionee continues the Service at all times
from the Effective Date until                      (the “First Vesting Date”), then on the First Vesting Date one-fourth (1/4) of
the total number of Shares (or             shares) that may be purchased by the Optionee pursuant to this Agreement will become Vested Shares and thereafter, for so long (and only
for so long) as the Optionee continues his Service for the Company at all times after the First Vesting Date, an additional 6.25% of the total number of Shares (or             
shares) that may be purchased by the Optionee pursuant to this Agreement will become Vested Shares on the same day of each quarter after the First Vesting Date, the first of such quarter being
                    . 
  
 6.3 Condition Precedent to Exercise. The Right of Repurchase shall be exercisable with respect to any Restricted Shares only during the 60-day
period next following the later of (i) the date when the Optionee’s Service ceases for any reason, or (ii) the date when such Restricted Shares were purchased by the Optionee, the executors or administrators of the Optionee’s estate or any
person who has acquired this option directly from the Optionee by bequest, inheritance or beneficiary designation. 
  
 6.4 Lapse of Repurchase Right. The Right of Repurchase shall lapse with respect to the Vested Shares. In addition, the Right of Repurchase shall
lapse and all of the remaining Restricted Shares shall become vested if (i) the Company is subject to a Change in Control before the Optionee’s Service ceases and (ii) either (A) the Right of Repurchase is not assigned to the entity that
employs the Service of the Optionee immediately after the Change in Control or (B) the Optionee’s Service will cease within the 12 months following such Change in Control. 
  
 6.5 Repurchase Cost. If the Company exercises the Right of Repurchase, it shall pay the Optionee an amount equal to
the Exercise Price for each of the Restricted Shares being repurchased. 
  

 5 

 6.6 Exercise of Repurchase Right. The Right of Repurchase shall be exercisable only by written
notice delivered to the Optionee prior to the expiration of the 60-day period specified in Subsection 6.3. The notice shall set forth the date on which the repurchase is to be effected. Such date shall not be more than 30 days after the date of the
notice. The certificate(s) representing the Restricted Shares to be repurchased shall, prior to the close of business on the date specified for the repurchase, be delivered to the Company properly endorsed for transfer. The Company shall,
concurrently with the receipt of such certificate(s), pay to the Optionee the purchase price determined according to Subsection 6.5 hereof. Payment shall be made in cash or cash equivalents or by canceling indebtedness to the Company incurred by the
Optionee in the purchase of the Restricted Shares. The Right of Repurchase shall terminate with respect to any Restricted Shares for which it has not been timely exercised pursuant to this Subsection 6.6. 
  
 6.7 Additional Shares or Substituted Securities Subject to Right of
Repurchase. In the event declaration of a stock dividend, the declaration of an extraordinary dividend payable in a form other than stock, a spin-off, a stock split, an adjustment in conversion ratio, a recapitalization or a similar transaction
affecting the Company’s outstanding securities without receipt of consideration, any new, substituted or additional securities or other property (including money paid other than as an ordinary cash dividend) which are by reason of such
transaction distributed with respect to any Restricted Shares or into which such Restricted Shares thereby become convertible shall immediately be subject to the Right of Repurchase. Appropriate adjustments to reflect the distribution of such
securities or property shall be made to the number and/or class of the Restricted Shares. Appropriate adjustments shall also, after each such transaction, be made to the price per share to be paid upon the exercise of the Right of Repurchase in
order to reflect any change in the Company’s outstanding securities effected without receipt of consideration therefor; provided, however, that the aggregate purchase price payable for the Restricted Shares shall remain the same. 
  
 6.8 Termination of Rights as Stockholder. If the Company makes
available, at the time and place and in the amount and form provided in this Agreement, the consideration for the Restricted Shares to be repurchased in accordance with Section 6 hereof, then after such time the person from whom such Restricted
Shares are to be repurchased shall no longer have any rights as a holder of such Restricted Shares (other than the right to receive payment of such consideration in accordance with this Agreement). Such Restricted Shares shall be deemed to have been
repurchased in accordance with the applicable provisions hereof, whether or not the certificate(s) therefor have been delivered as required by this Agreement. 
  

	7.	Right of First Refusal. 

  
 7.1 Right of First Refusal. In the event that the Optionee proposes to sell, pledge or otherwise transfer to a third party any Shares acquired
under this Agreement, or any interest in such Shares, the Company shall have a right of first refusal (the “Right of First Refusal”) with respect to all (and not less than all) of such Shares. If the Optionee desires to transfer Shares
acquired under this Agreement, the Optionee shall give a written notice (the “Transfer Notice”) to the Company describing fully the proposed transfer, including the number of Shares proposed to be transferred, the proposed transfer price,
the name and address of the proposed transferee 

  

 6 

 
(the “Transferee”) and proof satisfactory to the Company that the proposed sale or transfer will not violate any applicable federal or state
securities laws. The Transfer Notice shall be signed both by the Optionee and by the proposed Transferee and must constitute a binding commitment of both parties to the transfer of the Shares. The Company shall have the right to purchase all, and
not less than all, of the Shares on the terms of the proposal described in the Transfer Notice (subject, however, to any change in such terms permitted under Subsection 7.2) by delivery of a notice of exercise of the Right of First Refusal within 30
days after the date when the Transfer Notice was received by the Company. The Company’s rights under this Subsection 7.1 shall be freely assignable, in whole or in part. 
  
 7.2 Transfer of Shares. If the Company fails to exercise its Right of First Refusal within 30 days after the date
when it received the Transfer Notice, the Optionee may, not later than 90 days following receipt of the Transfer Notice by the Company, conclude a transfer of the Shares subject to the Transfer Notice on the terms and conditions described in the
Transfer Notice, provided that any such sale is made in compliance with applicable federal and state securities laws and not in violation of any other contractual restrictions to which the Optionee is bound. Any proposed transfer on terms and
conditions different from those described in the Transfer Notice, as well as any subsequent proposed transfer by the Optionee, shall again be subject to the Right of First Refusal and shall require compliance with the procedure described in
Subsection (a) above. If the Company exercises its Right of First Refusal, the parties shall consummate the sale of the Shares on the terms set forth in the Transfer Notice within 60 days after the date when the Company received the Transfer Notice
(or within such longer period as may have been specified in the Transfer Notice); provided, however, that in the event the Transfer Notice provided that payment for the Shares was to be made in a form other than cash or cash equivalents paid at the
time of transfer, the Company shall have the option of paying for the Shares with cash or cash equivalents equal to the present value, on or about the date of the Transfer Notice, of the consideration described in the Transfer Notice. 
  
 7.3 Additional Shares or Substituted Securities Subject to Right of First
Refusal. In the event of the declaration of a stock dividend, the declaration of an extraordinary dividend payable in a form other than stock, a spin-off, a stock split, an adjustment in conversion ratio, a recapitalization or a similar
transaction affecting the Company’s outstanding securities without receipt of consideration, any new, substituted or additional securities or other property (including money paid other than as an ordinary cash dividend) which are by reason of
such transaction distributed with respect to any Shares subject to Section 7 or into which such Shares thereby become convertible, the same shall immediately be subject to Section 7. Appropriate adjustments to reflect the distribution of such
securities or property shall be made to the number and/or class of the Shares subject to Section 7 hereof. 
  
 7.4 Termination of Right of First Refusal. Any other provisions of Section 7 notwithstanding, in the event that the Stock is readily tradable on an
established securities market when the Optionee desires to transfer Shares, the Company shall have no Right of First Refusal, and the Optionee shall have no obligation to comply with the procedures prescribed by Subsections 7.1. and 7.2. 

 

 7 

 7.5 Permitted Transfers. The Right of First Refusal under Subsection 7.1 shall not apply to (i) a
transfer by beneficiary designation, will or intestate succession or (ii) a transfer to the Optionee’s spouse, children or to a trust established by the Optionee for the benefit of the Optionee or the Optionee’s spouse, children or
grandchildren, provided in either case that the Transferee agrees in writing on a form prescribed by the Company to be bound by all provisions of this Agreement. If the Optionee transfers any Shares acquired under this Agreement, either under this
Subsection 7.5 or after the Company has failed to exercise the Right of First Refusal, then the applicable provisions of Section 7 hereof shall apply to the Transferee to the same extent as to the Optionee. 
  
 7.6 Termination of Rights as Stockholder. If the Company makes
available, at the time and place and in the amount and form provided in this Agreement, the consideration for the Shares to be purchased in accordance with this Section 7, then after such time the person from whom such Shares are to be purchased
shall no longer have any rights as a holder of such Shares (other than the right to receive payment of such consideration in accordance with this Agreement). Such Shares shall be deemed to have been purchased in accordance with the applicable
provisions hereof, whether or not the certificate(s) therefor have been delivered as required by this Agreement. 
  

	8.	Escrow. 

  
 Upon issuance, the certificates for Restricted Shares shall be deposited in escrow with the Company to be held in accordance with the provisions of this
Agreement. Any new, substituted or additional securities or other property described in Subsection 6.7 shall immediately delivered to the Company to be held in escrow, but only to the extent the Shares are at the time Restricted Shares. All regular
cash dividends on Restricted Shares (or other securities at the time held in escrow) shall be paid directly to the Optionee and shall not be held in escrow. Restricted Shares, together with any other assets or securities held in escrow hereunder,
shall be (i) surrendered to the Company for repurchase and cancellation upon the Company’s exercise of its Right of Repurchase or Right of First Refusal or (ii) released to the Optionee upon the Optionee’s request to the extent the Shares
are no longer Restricted Shares (but not more frequently than once every six months). In any event, all Vested Shares (and any other vested assets and securities attributable thereto) shall be released within 60 days after the earlier of (i) the
Optionee’s cessation of Service or (ii) the lapse of the Right of First Refusal. 
  

	9.	Legal Requirements. 

  
 The Company shall not be required to sell or issue any Shares issued or issuable pursuant to the option if the sale or issuance of such Shares shall
constitute a violation of any provision of any requirements of any governmental authority applicable to the Company. This option and each and every obligation of the Company hereunder are subject to the requirement that the option may not be
exercised, in whole or in part, unless and until the Shares issuable pursuant to the option are listed, registered or qualified, or the Optionee provides evidence satisfactory to the Company, including but not limited to a legal opinion in the form
satisfactory to the Company 

  

 8 

 
and its counsel, demonstrating that such Shares are exempt from listing, registration and/or qualification under applicable law. 
  

	10.	No Registration Rights. 

  
 The Company may, but shall not be obligated to, register or qualify the sale of any Shares under the 1933 Act or any other applicable law. The Company
shall not be obligated to take any action in order to cause the sale of Shares under this Agreement to comply with any law. 
  

	11.	Restriction on Transfer. 

  
 11.1 Optionee’s Own Account for Investment. The Optionee will acquire and hold the Shares for investment for his or her account only and not
with a view to, or for resale in connection with, any “distribution” thereof within the meaning of the 1933 Act. The Optionee has no present intention of selling or otherwise disposing of all or any portion of the Shares and no one other
than the Optionee has any beneficial ownership of any of the Shares. In the event that the sale of Shares under the Plan is not registered under the 1933 Act but an exemption is available which requires an investment representation or other
representation, the Optionee shall represent and agree at the time of exercise that the Shares being acquired upon exercising this option are being acquired for investment, and not with a view to the sale or distribution thereof, and shall make such
other representations as are deemed necessary or appropriate by the Company and its counsel. 
  
 11.2 Compliance with Securities Laws Regarding Sale of Shares. The Optionee will not sell, transfer or otherwise dispose of any Shares acquired pursuant to this Agreement in violation of the 1933 Act, the 1934
Act, any state law or the rules and regulations promulgated under any of those laws, including but not limited to Rule 144 under the 1933 Act. The Optionee agrees that the Optionee will not dispose of any such Shares unless and until the Optionee
has complied with all requirements of this Agreement applicable to the disposition of such Shares and has delivered to the Company an opinion of counsel, in form and substance satisfactory to the Company and its counsel, that (a) the proposed
disposition does not require registration or qualification of such Shares under the 1933 Act and under any other applicable Securities Laws, citing sufficient grounds for one or more applicable exemptions therefrom or all appropriate actions
necessary for compliance with the registration requirements of the 1933 Act or with any exemption from registration available under the 1933 Act (including Rule 144) have been taken, and (b) the proposed disposition will not result in the
contravention of any transfer restrictions applicable to such Shares. The Optionee agrees that exemptions from registration and qualification may not be available or may not permit the Optionee to transfer all or any of the Shares acquired pursuant
to this Agreement in the amounts or at the times proposed by the Optionee. 
  
 11.3 Securities Law Restrictions. The Optionee understands and agrees that, regardless of whether the offering and sale of any Shares acquired pursuant to this Agreement have been registered under the 1933 Act
or have been registered or qualified under any other 

  

 9 

 
applicable securities laws, the Company may impose restrictions upon the sale, pledge or other transfer of any such Shares (including the placement of
appropriate legends on stock certificates or the imposition of stop-transfer instructions) if, in the sole and absolute discretion of the Company, such restrictions are necessary or desirable (i) to achieve compliance with the 1933 Act, any other
securities laws or any other law, or (ii) in light of the transfer and other restrictions set forth in this Agreement. Without limiting the generality of the foregoing provisions, all certificates evidencing the Shares will bear the legends set
forth in Section 12 of this Agreement, which legends may be removed, if at all, by the Company in its sole and absolute discretion. 
  
 11.4 Market Stand-Off. In connection with any underwritten public offering by the Company of its equity securities pursuant to an effective
registration statement filed under the 1933 Act, including the Company’s initial public offering, the Optionee shall not directly or indirectly sell, make any short sale of, loan, hypothecate, pledge, offer, grant or sell any option or other
contract for the purchase of, purchase any option or other contract for the sale of, or otherwise dispose of or transfer, or agree to engage in any of the foregoing transactions with respect to, any Shares acquired under this Agreement without the
prior written consent of the Company or its underwriters. Such restriction (the “Market Stand-Off”) shall be in effect for such period of time following the date of the final prospectus for the offering as may be requested by the Company
or such underwriters. In no event, however, shall such period exceed 180 days. The Market Stand-Off shall in any event terminate two years after the date of the Company’s initial public offering. In the event of the declaration of a stock
dividend, a spin-off, a stock split, an adjustment in conversion ratio, a recapitalization or a similar transaction affecting the Company’s outstanding securities without receipt of consideration, any new, substituted or additional securities
which are by reason of such transaction distributed with respect to any Shares subject to the Market Stand-Off, or into which such Shares thereby become convertible, shall immediately be subject to the Market Stand-Off. In order to enforce the
Market Stand-Off, the Company may impose stop-transfer instructions with respect to the Shares acquired under this Agreement until the end of the applicable stand-off period. The Company’s underwriters shall be beneficiaries of the agreement
set forth in this Subsection 11.4. This Subsection 11.4 shall not apply to Shares registered in the public offering under the Securities Act, and the Optionee shall be subject to this Subsection 11.4 only if the directors and officers of the Company
are subject to similar arrangements. 
  

	12.	Restrictive Legends and Stop-Transfer Orders. 

  
 12.1 Legends. All certificates evidencing the Shares acquired pursuant to this Agreement shall bear the following legends: 
  
 “THE SHARES REPRESENTED HEREBY MAY NOT BE SOLD, ASSIGNED, TRANSFERRED, ENCUMBERED OR IN
ANY MANNER DISPOSED OF, EXCEPT IN COMPLIANCE WITH THE TERMS OF A WRITTEN AGREEMENT BETWEEN THE COMPANY AND THE REGISTERED HOLDER OF THE SHARES (OR THE PREDECESSOR IN INTEREST TO THE SHARES). SUCH AGREEMENT GRANTS TO THE COMPANY AND/OR ITS
ASSIGNEE(S) CERTAIN REPURCHASE OPTIONS AND 

  

 10 

 
RIGHTS OF FIRST REFUSAL UPON AN ATTEMPTED TRANSFER OF THE SHARES. A COPY OF SUCH AGREEMENT MAY BE OBTAINED WITHOUT CHARGE AT THE COMPANY’S PRINCIPAL
OFFICE, AND THE SECRETARY OF THE COMPANY WILL UPON WRITTEN REQUEST FURNISH A COPY OF SUCH AGREEMENT TO THE HOLDER HEREOF WITHOUT CHARGE.” 
  
 “THE SHARES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES OR “BLUE SKY” LAWS, AND MAY
NOT BE SOLD, PLEDGED, OR OTHERWISE TRANSFERRED WITHOUT AN EFFECTIVE REGISTRATION THEREOF UNDER SUCH ACT AND BLUE SKY LAWS OR AN EXEMPTION THEREFROM IS AVAILABLE AS ESTABLISHED BY A WRITTEN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY AND ITS
COUNSEL.” 
  
 If required by the authorities of any state in
connection with the issuance of the Shares acquired pursuant to this Agreement, the legend or legends required by such state authorities shall also be endorsed on all such certificates. Any restrictive legend on any certificate for such Shares may
be removed, if at all, by the Company in its sole and absolute discretion. 
  
 12.2 Stop-Transfer Instructions. The Optionee agrees that, in order to ensure compliance with the restrictions imposed by this Agreement, the Company may issue appropriate “stop-transfer” instructions
to its transfer agent, if any, and if the Company transfers its own securities, it may make appropriate notations to the same effect in its own records. 
  
 12.3 Refusal to Transfer. The Company will not be required (i) to transfer on its books any Shares that have been sold or otherwise transferred in
violation of any of the provisions of this Agreement or (ii) to treat as owner of such Shares, or to accord the right to vote or pay dividends, to any purchaser or other transferee to whom such Shares have been so transferred. 
  

	13.	Exchange and Combination of Option. 

  
 Notwithstanding anything to the contrary, the option (and any option issued in exchange therefor pursuant to the provisions of this Agreement) may at the
sole option of the Optionee (i) be divided into options of various denominations entitling Optionee to purchase in the aggregate the same number of Shares as shall at such time be purchasable hereunder, or (ii) be combined with any other option of
like tenor and effect entitling the Optionee under such combined option to purchase the same number of Shares as shall at such time be purchasable in the aggregate hereunder and under such other option. Upon presentation and surrender of the option
granted under this Agreement and, in the case of a combination of options, such other option to the Company at its principal office or at the office of the transfer agent, if any, for the Shares subject to the option, together with a written notice
duly executed by the Optionee setting forth the denomination or denominations of the option or options to be issued, the Company shall, without any charge or expense, execute and deliver (in exchange for the option granted under this Agreement and
such other options, if any, as are presented and surrendered to the Company 

  

 11 

 
hereunder) a new option or options in accordance with the notice hereinabove provided (and the option granted under this Agreement will thereupon be canceled
forthwith). 
  

	14.	Plan. 

  
 Notwithstanding any other provision of this Agreement, the option is granted pursuant to the Plan, and is subject to all the terms and conditions of the
Plan, as the Plan may be amended from time to time; provided, however, that no amendment to the Plan shall deprive the Optionee, without the Optionee’s consent, of the option or of any of Optionee’s rights under this Agreement. The
interpretation and construction by the Committee of the Plan and the option, and such rules and regulations as may be adopted by the Committee for the purpose of administering the Plan, shall be final and binding upon the Optionee. 
  

	15.	Stockholder Rights. 

  
 The holder of an option shall have no stockholder rights with respect to the Shares subject to the option until such person shall have exercised the
option, paid the entire Exercise Price for the purchased Shares and become a holder of record of the purchased Shares. 
  

	16.	Service Rights. 

  
 No provision of this Agreement or of the option granted hereunder shall confer upon the Optionee any right to continue in Service for any period of
specific duration or interfere with or otherwise restrict in any way the rights of the Company or of the Optionee to terminate the Optionee’s Service. 
  

	17.	Changes in Company’s Capital Structure. 

  
 The existence of the option shall not affect in any way the right or authority of the Company or its stockholders to make or authorize any or all
adjustments, recapitalizations, reorganizations or other changes in the Company’s capital structure or its business, or any merger or consolidation of the Company, or any issue of bonds, debentures, preferred or prior preference stock ahead of
or affecting the shares subject to the option or the rights thereof, or the dissolution or liquidation of the Company, or any sale or transfer of all or any part of its assets or business, or any other corporate act or proceeding, whether of a
similar character or otherwise. Notwithstanding the foregoing, if any change is made to the Common Stock by reason of any stock split, reverse stock split, stock dividend, recapitalization, combination of shares, exchange of shares, reclassification
of shares or other change affecting the outstanding Common Stock as a class without the Company’s receipt of consideration, appropriate adjustments shall be made to the number of shares, the class of securities and/or the exercise price, as
determined by the Committee in its sole and absolute discretion. Such adjustments shall be effected in a manner that shall preclude the enlargement or dilution of rights and benefits under this option. The adjustments determined by the Committee
shall be final, binding and conclusive. 
  

 12 

	18.	Governing Law. 

  
 This Agreement and the option granted hereunder shall be governed by, and construed and enforced in accordance with, the laws of the State of California
without regard to conflicts of law principles, and, to the extent applicable, the federal laws of the United States of America; provided, however, that corporate governance matters (including but not limited to the rights and obligations of the
Board and the Committee) shall be governed by and construed in accordance with the laws of the State of Delaware applicable to a Delaware corporation. 
  

	19.	Entire Agreement. 

  
 This Agreement, together with the Plan, constitutes the entire obligation of the parties hereto with respect to the subject matter hereof and shall
supersede any prior expressions of intent or understanding with respect to this transaction. 
  

	20.	Amendment. 

  
 Any amendment to this Agreement shall be in writing and signed by the Company and the Optionee. 
  

	21.	Waiver; Cumulative Rights. 

  
 The failure or delay of either party to require performance by the other party of any provision hereof shall not affect its right to require performance
of such provision unless and until such performance has been waived in writing. Each and every right hereunder is cumulative and may be exercised in part or in whole from time to time. 
  

	22.	Counterparts. 

  
 This Agreement may be signed in two counterparts, each of which shall be an original, but both of which shall constitute but one and the same instrument.

  

	23.	Notices. 

  
 Any notice which either party hereto may he required or permitted to give the other shall be in writing and may be delivered personally or by mail,
postage prepaid, addressed to the Secretary of the Company, at its then corporate headquarters, and to the Optionee at his or her address as shown on the Company’s records, or to such other address as the Optionee, by notice to the Company, may
designate in writing from time to time. 
  

	24.	Headings. 

  
 The headings contained in this Agreement are for reference purposes only and shall not affect the meaning or interpretation of this Agreement. 

 

 13 

	25.	Severability. 

  
 If any provision of this Agreement shall for any reason be held to be invalid or unenforceable, such invalidity or unenforceability shall not effect any
other provision hereof, and this Agreement shall be construed as if such invalid or unenforceable provision were omitted. 
  

	26.	Successors and Assigns. 

  
 Subject to the limitations on transferability contained herein, this Agreement shall be binding upon and inure to the benefit of the heirs, legal
representatives, successors and assigns of the parties to this Agreement. 
  

	27.	Tax Consequences. 

  
 The Optionee agrees to undertake to determine and be responsible for any and all tax consequences to the Optionee with respect to the option. 

 
 IN WITNESS WHEREOF, the Company has caused this Agreement to be duly
executed by an officer thereunto duly authorized, and the Optionee has duly executed this Agreement, all as of the day and year first above written. 
  

			
	COMPANY:
	 Leadis Technology, Inc.

		
	By:	 	 
	 	 	

	 	 	         Sung Tae (Steve) Ahn, CEO

	
	OPTIONEE:
	
	 
	

  

 14 

 EXHIBIT 1 
  
 PURCHASE FORM 
  
 The undersigned hereby irrevocably elects to exercise the option granted under that certain Non-Statutory Stock Option Agreement between Leadis
Technology, Inc., a Delaware corporation, and the undersigned, to the extent of purchasing                         
shares of the Company’s common stock. The undersigned hereby makes payment in the amount of $                     in payment of
the actual exercise price thereof. 
  

									
					
	 Dated:
	 	 	 	 	 	 	 	 
	 	 	
	 	 	 	 	 	

  
 INSTRUCTIONS FOR REGISTRATION OF STOCK

  
 Name
                                        
                                     
  
 Address
                                       
                                  
  

	
	      _________________________________

  
 Signature
                                        
                                  
  

 15 

 THIS OPTION AND THE SECURITIES ISSUABLE UPON THE EXERCISE HEREOF HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF
1933, AS AMENDED, OR UNDER THE SECURITIES LAWS OF ANY STATE, AND MAY NOT BE SOLD, ASSIGNED OR TRANSFERRED UNLESS REGISTERED UNDER SUCH ACT AND REGISTERED OR QUALIFIED UNDER APPLICABLE STATE SECURITIES LAWS, OR PURSUANT TO AN EXEMPTION FROM ALL SUCH
REGISTRATION OR QUALIFICATION REQUIREMENTS THEREUNDER, THE AVAILABILITY OF WHICH EXEMPTION IS CONFIRMED IN A WRITTEN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY AND ITS COUNSEL. 
  
 LEADIS TECHNOLOGY, INC. 
  
 NON-STATUTORY STOCK OPTION AGREEMENT 
  
 THIS NON-STATUTORY STOCK OPTION AGREEMENT (this “Agreement”) is executed as of
                    , by and between Leadis Technology, Inc., a Delaware corporation (the “Company”), and
                     (the “Optionee”). 
  
 WHEREAS, the Company desires, by affording the Optionee an opportunity to purchase a certain number of shares of the common stock of the Company, to carry
out the purposes of the Company’s 2000 Stock Incentive Plan (the “Plan”); and 
  
 WHEREAS, the Compensation Committee of the Company’s Board of Directors, or the Company’s Board of Directors acting as such Compensation Committee (the “Committee”), has duly made all
determinations necessary or appropriate to effect the grants hereunder; and 
  
 NOW, THEREFORE, in consideration of the premises and the mutual covenants hereinafter set forth and for other good and valuable consideration, receipt of which is hereby acknowledged, the parties hereto have agreed,
and do hereby agree, as follows: 
  

	1.	Type of Option and Definitions. 

  
 1.1 Type of Option. The option granted hereunder is designated as a non-statutory stock option and is granted pursuant to the Plan, a copy of which
the Optionee acknowledges having received. The provisions of the Plan are incorporated herein by reference. 
  
 1.2 Definitions. Capitalized terms used but not otherwise defined herein shall have the meanings assigned to them in the Plan. 
  

 1 

	2.	Grant of Option; Exercise Price and Term. 

  
 2.1 Grant of Option. The Company hereby grants to the Optionee, effective on the date of this Agreement (the “Date of Grant” or the
“Effective Date”), as a matter of separate agreement and not in lieu of any compensation for the Optionee’s Service, the right and option to purchase (the “option” or this “option”)
                 shares of Common Stock (the “Shares”), on the terms and conditions set forth herein. This option becomes exercisable in installments.
If the Optionee continues the Service at all times from the Effective Date until                      (the “First Vesting Date”),
then on the First Vesting Date, the option shall become exercisable as to one-fourth (1/4) of the total number of Shares (or              shares) and thereafter, for so long (and
only for so long) as the Optionee continues                  Service for Company at all times after the First Vesting Date, the option shall become exercisable as
to an additional 6.25% of the total number of Shares (or              shares) on the same day of each calendar quarter after the First Vesting Date. The first such quarterly vesting
shall occur, if the Optionee continues his Service as specified herein, on                 . 
  
 2.2 Exercise Price. For each of the Shares purchased pursuant to this Agreement, the Optionee shall pay to the
Company an exercise price of                  per share (the “Exercise Price”), which the parties agree is at least 85% [110% if the Optionee is a Ten
Percent Stockholder] of the Fair Market Value per share of Common Stock on the Date of Grant. Accordingly, the aggregate Exercise Price to purchase all of the Shares subject to this option is
$                . The Committee may, in its sole and absolute discretion, by written notice to the Optionee, reduce the Exercise Price without the consent of the
Optionee; provided, however, that the Exercise Price shall not be reduced below the minimum exercise price permitted under the Plan for options granted on the date the action is taken to reduce the exercise price. 
  

	3.	Option Period; Termination of Option. 

  
 3.1 Basic Option Period. Subject to Subsections 3.2 and 3.3 hereof and other applicable provisions of this Agreement, all or part of this option
may be exercised during the period of 10 years from the Date of Grant (the “Option Period”). 
  
 3.2 Termination of Option. Unless the Service is terminated for Cause, any option outstanding at the time of the Optionee’s cessation of
Service for any reason shall remain exercisable for 6 months from the date of such cessation if the cessation was caused by death or disability and 30 days from the date of such cessation if the cessation was caused by any reason other than death or
disability; provided, however, no option shall be exercisable after the expiration of the Option Period. In the event the Service ceased due to the removal of the Optionee for Cause, the option shall cease to be exercisable concurrently with the
cessation of Service, or, if applicable law requires that the option remain exercisable following such cessation, the option shall remain exercisable for the shortest period of time following such cessation that applicable law allows; provided,
however, such period shall not in any event exceed 30 days from the date of such cessation. Upon the expiration of the Option Period, the option shall terminate and cease to be exercisable to the extent not yet exercised. 
  

 2 

 3.3 Effect of Change in Control. 
  
 (a) If the Company is subject to a Change in Control (as defined in paragraph (b) of this Subsection 3.3),
the exercisability of and the effect on the option, to the extent not fully exercised at the time the Company is subject to that Change in Control, shall be determined in accordance with Subsection 18.1 of the Plan and be subject to the discretion
of the Committee as permitted in such Subsection 18.1 and the other provisions of the Plan, provided that such discretion will not be exercised in violation of applicable law then in effect. Nothing in this paragraph 3.3 (a) shall be deemed to limit
the provisions of Subsection 3.2 or the other provisions of this Agreement relating to the termination of the option upon the Optionee’s cessation of Service or upon the occurrence of certain other events. 
  
 (b) “Change in Control” shall mean (i) the
consummation of a merger or consolidation of the Company with or into another entity or any other corporate reorganization, if more than 50% of the combined voting power of the continuing or surviving entity’s securities outstanding immediately
after such merger, consolidation or other reorganization is owned by persons who were not stockholders of the Company immediately prior to such merger, consolidation or other reorganization, or (ii) the sale, transfer or other disposition of all or
substantially all of the Company’s assets. A transaction shall not constitute a Change in Control if its sole purpose is to change the state of the Company’s incorporation or to create a holding company that will be owned in substantially
the same proportions by the persons who held the Company’s securities immediately before such transaction. 
  

	4.	Exercise Procedures. 

  
 4.1 Manner and Notice of Exercise. The Option shall be exercisable during the Optionee’s lifetime only by the Optionee (or his guardian or
legal representative), and after the Optionee’s death only by his Beneficiary. The option may only be exercised by the delivery to the Company of a fully completed and signed Purchase Form and Instructions for Registration of Stock in the form
attached hereto as Exhibit 1 (the “Purchase Form”), which provides for a purchase by the Optionee of not less than the minimum number of Shares which may at that time be purchased in connection with the exercise of the option (as
determined by the Committee from time to time in its sole and absolute discretion, provided that such minimum number shall not prevent the Optionee from exercising the option for the full number of Shares for which it is then exercisable) and not
more than the number of shares as to which the option has become exercisable pursuant to Subsection 2.1, together with payment in full in lawful currency of the United States, in cash or check made payable to the Company, for the aggregate Exercise
Price for the number of Shares being purchased. Following the Optionee’s exercise of the option, the Optionee shall, upon request from the Company, immediately provide to the Company the Optionee’s written representations regarding the
Optionee’s investment intent and access to information and other matters, if any, as may be deemed desirable by the Company to comply with applicable securities laws. For all purposes of this Agreement, the date of the exercise of the option
shall be the date on which the Optionee delivers to the Company the completed and signed Purchase Form and payment in full, all in accordance with the requirements of this Section 4. 
  

 3 

 4.2 Issuance of Shares. After receiving the completed and signed Purchase Form and payment for the
Shares to be purchased pursuant to such Purchase Form, and the written representations described in Subsection 4.1 hereof upon the request of the Company, the Company shall cause to be issued one or more certificates for the Shares as to which this
option has been exercised pursuant to such Purchase Form, registered in the name of the Optionee (or in the name of the Optionee and his spouse as community property or as joint tenant with right of survivorship if requested in writing by the
Optionee and if permitted by the then applicable law), subject to any and all repurchase rights, escrow requirements, restrictive legend requirements and other restrictions and conditions set forth in this Agreement. 
  
 4.3 Withholding Taxes. The Company’s obligation to deliver any
Shares upon the exercise of the option shall be subject to the satisfaction of all applicable federal, state and local income and employment tax withholding requirements. The Committee may, in its sole and absolute discretion, provide the Optionee
with the right to use Shares in satisfaction of all or part of the Taxes incurred by the Optionee in connection with the exercise of this option or the vesting of the Shares issued pursuant to this Agreement. Such right may, in the Committee’s
sole and absolute discretion, be provided to the Optionee in either or both of the following formats: 
  
 (a) The election to have the Company withhold, from the Shares otherwise issuable upon the exercise of this option or the vesting of such
shares, a portion of those Shares with an aggregate Fair Market Value equal to the percentage of the Taxes (not to exceed 100%) designated by the Optionee; and/or 
  
 (b) The election to deliver to the Company, at the time the option is exercised or the shares vest, one or
more Shares previously acquired by the Optionee (other than in connection with the option exercise or share vesting triggering the Taxes) with an aggregate Fair Market Value equal to the percentage of the Taxes (not to exceed 100%) designated by the
Optionee. 
  

	5.	Limited Transferability of Options and Rights. 

  
 During the lifetime of the Optionee, the option shall be exercisable only by the Optionee and shall not be assignable or transferable other than by will
or by the laws of descent and distribution following the Optionee’s death, except that the option may, to the extent authorized in writing by the Committee in its sole and absolute discretion, be assigned in whole or in part during the
Optionee’s lifetime to one or more members of the Optionee’s immediate family or to a trust established exclusively for one or more such family members. The terms applicable to the assigned portion shall be the same as those in effect for
the option immediately prior to such assignment and shall be set forth in such documents issued to the assignee as the Committee may deem appropriate. Except as otherwise provided herein, the option and the rights and privileges conferred by this
Agreement may not be transferred, assigned, pledged, or hypothecated by the Optionee in any way (whether by operation of law or otherwise) and shall not be subject to sale under any execution, attachment or similar process. Upon any attempt to
transfer, assign, pledge, hypothecate or otherwise dispose of the option, or of the right or privilege conferred hereby, contrary to the provisions hereof, or upon any attempted sale under any execution, 

  

 4 

 
attachment or similar process upon the rights and privileges conferred hereby, the option and the rights and privileges conferred upon the Optionee in this
Agreement shall immediately become null and void to the fullest extent permitted by applicable law and not prohibited by the Plan, at the election of the Company in its sole and absolute discretion. This Agreement is made solely for the benefit of
the parties to this Agreement and their respective successors and permitted assigns, and no other person or entity shall have or acquire any right by virtue of this Agreement. 
  

	6.	Right of First Refusal. 

  
 6.1 Right of First Refusal. In the event that the Optionee proposes to sell, pledge or otherwise transfer to a third party any Shares acquired
under this Agreement, or any interest in such Shares, the Company shall have a right of first refusal (the “Right of First Refusal”) with respect to all (and not less than all) of such Shares. If the Optionee desires to transfer Shares
acquired under this Agreement, the Optionee shall give a written notice (the “Transfer Notice”) to the Company describing fully the proposed transfer, including the number of Shares proposed to be transferred, the proposed transfer price,
the name and address of the proposed transferee (the “Transferee”) and proof satisfactory to the Company that the proposed sale or transfer will not violate any applicable federal or state securities laws. The Transfer Notice shall be
signed both by the Optionee and by the proposed Transferee and must constitute a binding commitment of both parties to the transfer of the Shares. The Company shall have the right to purchase all, and not less than all, of the Shares on the terms of
the proposal described in the Transfer Notice (subject, however, to any change in such terms permitted under Subsection 6.2) by delivery of a notice of exercise of the Right of First Refusal within 30 days after the date when the Transfer Notice was
received by the Company. The Company’s rights under this Subsection 6.1 shall be freely assignable, in whole or in part. 
  
 6.2 Transfer of Shares. If the Company fails to exercise its Right of First Refusal within 30 days after the date when it received the Transfer
Notice, the Optionee may, not later than 90 days following receipt of the Transfer Notice by the Company, conclude a transfer of the Shares subject to the Transfer Notice on the terms and conditions described in the Transfer Notice, provided that
any such sale is made in compliance with applicable federal and state securities laws and not in violation of any other contractual restrictions to which the Optionee is bound. Any proposed transfer on terms and conditions different from those
described in the Transfer Notice, as well as any subsequent proposed transfer by the Optionee, shall again be subject to the Right of First Refusal and shall require compliance with the procedure described in Subsection 6.l above. If the Company
exercises its Right of First Refusal, the parties shall consummate the sale of the Shares on the terms set forth in the Transfer Notice within 60 days after the date when the Company received the Transfer Notice (or within such longer period as may
have been specified in the Transfer Notice); provided, however, that in the event the Transfer Notice provided that payment for the Shares was to be made in a form other than cash or cash equivalents paid at the time of transfer, the Company shall
have the option of paying for the Shares with cash or cash equivalents equal to the present value, on or about the date of the Transfer Notice, of the consideration described in the Transfer Notice. 
  
 6.3 Additional Shares or Substituted Securities Subject to Right of First
Refusal. In the event of the declaration of a stock dividend, the declaration of an extraordinary dividend 

  

 5 

 
payable in a form other than stock, a spin-off, a stock split, an adjustment in conversion ratio, a recapitalization or a similar transaction affecting the
Company’s outstanding securities without receipt of consideration, any new, substituted or additional securities or other property (including money paid other than as an ordinary cash dividend) which are by reason of such transaction
distributed with respect to any Shares subject to Section 6 or into which such Shares thereby become convertible, the same shall immediately be subject to Section 6. Appropriate adjustments to reflect the distribution of such securities or property
shall be made to the number and/or class of the Shares subject to Section 6 hereof. 
  
 6.4 Termination of Right of First Refusal. Any other provisions of Section 6 notwithstanding, in the event that the Stock is readily tradable on an established securities market when the Optionee desires to
transfer Shares, the Company shall have no Right of First Refusal, and the Optionee shall have no obligation to comply with the procedures prescribed by Subsections 6.1 and 6.2. 
  
 6.5 Permitted Transfers. The Right of First Refusal under Subsection 6.1 shall not apply to (i) a transfer by
beneficiary designation, will or intestate succession or (ii) a transfer to the Optionee’s spouse, children or to a trust established by the Optionee for the benefit of the Optionee or the Optionee’s spouse, children or grandchildren,
provided in either case that the Transferee agrees in writing on a form prescribed by the Company to be bound by all provisions of this Agreement. If the Optionee transfers any Shares acquired under this Agreement, either under this Subsection 6.5
or after the Company has failed to exercise the Right of First Refusal, then the applicable provisions of Section 6 hereof shall apply to the Transferee to the same extent as to the Optionee. 
  
 6.6 Termination of Rights as Stockholder. If the Company makes
available, at the time and place and in the amount and form provided in this Agreement, the consideration for the Shares to be purchased in accordance with this Section 6, then after such time the person from whom such Shares are to be purchased
shall no longer have any rights as a holder of such Shares (other than the right to receive payment of such consideration in accordance with this Agreement). Such Shares shall be deemed to have been purchased in accordance with the applicable
provisions hereof, whether or not the certificate(s) therefor have been delivered as required by this Agreement. 
  

	7.	Legal Requirements. 

  
 The Company shall not be required to sell or issue any Shares issued or issuable pursuant to the option if the sale or issuance of such Shares shall
constitute a violation of any provision of any requirements of any governmental authority applicable to the Company. This option and each and every obligation of the Company hereunder are subject to the requirement that the option may not be
exercised, in whole or in part, unless and until the Shares issuable pursuant to the option are listed, registered or qualified, or the Optionee provides evidence satisfactory to the Company, including but not limited to a legal opinion in the form
satisfactory to the Company and its counsel, demonstrating that such Shares are exempt from listing, registration and/or qualification under applicable law. 
  

 6 

	8.	No Registration Rights. 

  
 The Company may, but shall not be obligated to, register or qualify the sale of any Shares under the 1933 Act or any other applicable law. The Company
shall not be obligated to take any action in order to cause the sale of Shares under this Agreement to comply with any law. 
  

	9.	Restriction on Transfer. 

  
 9.1 Optionee’s Own Account for Investment. The Optionee will acquire and hold the Shares for investment for his or her account only and not
with a view to, or for resale in connection with, any “distribution” thereof within the meaning of the 1933 Act. The Optionee has no present intention of selling or otherwise disposing of all or any portion of the Shares and no one other
than the Optionee has any beneficial ownership of any of the Shares. In the event that the sale of Shares under the Plan is not registered under the 1933 Act but an exemption is available which requires an investment representation or other
representation, the Optionee shall represent and agree at the time of exercise that the Shares being acquired upon exercising this option are being acquired for investment, and not with a view to the sale or distribution thereof, and shall make such
other representations as are deemed necessary or appropriate by the Company and its counsel. 
  
 9.2 Compliance with Securities Laws Regarding Sale of Shares. The Optionee will not sell, transfer or otherwise dispose of any Shares acquired pursuant to this Agreement in violation of the 1933 Act, the 1934
Act, any state law or the rules and regulations promulgated under any of those laws, including but not limited to Rule 144 under the 1933 Act. The Optionee agrees that the Optionee will not dispose of any such Shares unless and until the Optionee
has complied with all requirements of this Agreement applicable to the disposition of such Shares and has delivered to the Company an opinion of counsel, in form and substance satisfactory to the Company and its counsel, that (a) the proposed
disposition does not require registration or qualification of such Shares under the 1933 Act and under any other applicable Securities Laws, citing sufficient grounds for one or more applicable exemptions therefrom or all appropriate actions
necessary for compliance with the registration requirements of the 1933 Act or with any exemption from registration available under the 1933 Act (including Rule 144) have been taken, and (b) the proposed disposition will not result in the
contravention of any transfer restrictions applicable to such Shares. The Optionee agrees that exemptions from registration and qualification may not be available or may not permit the Optionee to transfer all or any of the Shares acquired pursuant
to this Agreement in the amounts or at the times proposed by the Optionee. 
  
 9.3 Securities Law Restrictions. The Optionee understands and agrees that, regardless of whether the offering and sale of any Shares acquired pursuant to this Agreement have been registered under the 1933 Act
or have been registered or qualified under any other applicable securities laws, the Company may impose restrictions upon the sale, pledge or other transfer of any such Shares (including the placement of appropriate legends on stock certificates or
the imposition of stop-transfer instructions) if, in the sole and absolute discretion of the Company, such restrictions are necessary or desirable (i) to achieve compliance with the 1933 

  

 7 

 
Act, any other securities laws or any other law, or (ii) in light of the transfer and other restrictions set forth in this Agreement. Without limiting the
generality of the foregoing provisions, all certificates evidencing the Shares will bear the legends set forth in Section 10 of this Agreement, which legends may be removed, if at all, by the Company in its sole and absolute discretion. 

 
 9.4 Market Stand-Off. In connection with any underwritten public
offering by the Company of its equity securities pursuant to an effective registration statement filed under the 1933 Act, including the Company’s initial public offering, the Optionee shall not directly or indirectly sell, make any short sale
of, loan, hypothecate, pledge, offer, grant or sell any option or other contract for the purchase of, purchase any option or other contract for the sale of, or otherwise dispose of or transfer, or agree to engage in any of the foregoing transactions
with respect to, any Shares acquired under this Agreement without the prior written consent of the Company or its underwriters. Such restriction (the “Market Stand-Off”) shall be in effect for such period of time following the date of the
final prospectus for the offering as may be requested by the Company or such underwriters. In no event, however, shall such period exceed 180 days. The Market Stand-Off shall in any event terminate two years after the date of the Company’s
initial public offering. In the event of the declaration of a stock dividend, a spin-off, a stock split, an adjustment in conversion ratio, a recapitalization or a similar transaction affecting the Company’s outstanding securities without
receipt of consideration, any new, substituted or additional securities which are by reason of such transaction distributed with respect to any Shares subject to the Market Stand-Off, or into which such Shares thereby become convertible, shall
immediately be subject to the Market Stand-Off. In order to enforce the Market Stand-Off, the Company may impose stop-transfer instructions with respect to the Shares acquired under this Agreement until the end of the applicable stand-off period.
The Company’s underwriters shall be beneficiaries of the agreement set forth in this Subsection 9.4. This Subsection 9.4 shall not apply to Shares registered in the public offering under the Securities Act, and the Optionee shall be subject to
this Subsection 9.4 only if the directors and officers of the Company are subject to similar arrangements. 
  

	10.	Restrictive Legends and Stop-Transfer Orders. 

  
 10.1 Legends. All certificates evidencing the Shares acquired pursuant to this Agreement shall bear the following legends: 
  
 “THE SHARES REPRESENTED HEREBY MAY NOT BE SOLD, ASSIGNED, TRANSFERRED, ENCUMBERED OR IN
ANY MANNER DISPOSED OF, EXCEPT IN COMPLIANCE WITH THE TERMS OF A WRITTEN AGREEMENT BETWEEN THE COMPANY AND THE REGISTERED HOLDER OF THE SHARES (OR THE PREDECESSOR IN INTEREST TO THE SHARES). SUCH AGREEMENT GRANTS TO THE COMPANY AND/OR ITS
ASSIGNEE(S) CERTAIN RIGHTS OF FIRST REFUSAL UPON AN ATTEMPTED TRANSFER OF THE SHARES. A COPY OF SUCH AGREEMENT MAY BE OBTAINED WITHOUT CHARGE AT THE COMPANY’S PRINCIPAL OFFICE, AND THE SECRETARY OF THE COMPANY WILL UPON WRITTEN REQUEST FURNISH
A COPY OF SUCH AGREEMENT TO THE HOLDER HEREOF WITHOUT CHARGE.” 
  

 8 

 “THE SHARES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY
STATE SECURITIES OR “BLUE SKY” LAWS, AND MAY NOT BE SOLD, PLEDGED, OR OTHERWISE TRANSFERRED WITHOUT AN EFFECTIVE REGISTRATION THEREOF UNDER SUCH ACT AND BLUE SKY LAWS OR AN EXEMPTION THEREFROM IS AVAILABLE AS ESTABLISHED BY A WRITTEN
OPINION OF COUNSEL SATISFACTORY TO THE COMPANY AND ITS COUNSEL.” 
  
 If required by the authorities of any state in connection with the issuance of the Shares acquired pursuant to this Agreement, the legend or legends required by such state authorities shall also be endorsed on all
such certificates. Any restrictive legend on any certificate for such Shares may be removed, if at all, by the Company in its sole and absolute discretion. 
  
 10.2 Stop-Transfer Instructions. The Optionee agrees that, in order to ensure compliance with the restrictions imposed by this Agreement, the
Company may issue appropriate “stop-transfer” instructions to its transfer agent, if any, and if the Company transfers its own securities, it may make appropriate notations to the same effect in its own records. 
  
 10.3 Refusal to Transfer. The Company will not be required (i) to
transfer on its books any Shares that have been sold or otherwise transferred in violation of any of the provisions of this Agreement or (ii) to treat as owner of such Shares, or to accord the right to vote or pay dividends, to any purchaser or
other transferee to whom such Shares have been so transferred. 
  

	11.	Exchange and Combination of Option. 

  
 Notwithstanding anything to the contrary, the option (and any option issued in exchange therefor pursuant to the provisions of this Agreement) may at the
sole option of the Optionee (i) be divided into options of various denominations entitling Optionee to purchase in the aggregate the same number of Shares as shall at such time be purchasable hereunder, or (ii) be combined with any other option of
like tenor and effect entitling the Optionee under such combined option to purchase the same number of Shares as shall at such time be purchasable in the aggregate hereunder and under such other option. Upon presentation and surrender of the option
granted under this Agreement and, in the case of a combination of options, such other option to the Company at its principal office or at the office of the transfer agent, if any, for the Shares subject to the option, together with a written notice
duly executed by the Optionee setting forth the denomination or denominations of the option or options to be issued, the Company shall, without any charge or expense, execute and deliver (in exchange for the option granted under this Agreement and
such other options, if any, as are presented and surrendered to the Company hereunder) a new option or options in accordance with the notice hereinabove provided (and the option granted under this Agreement will thereupon be canceled forthwith).

  

	12.	Plan. 

  
 Notwithstanding any other provision of this Agreement, the option is granted pursuant to the Plan, and is subject to all the terms and conditions of the
Plan, as the Plan may be amended 

  

 9 

 
from time to time; provided, however, that no amendment to the Plan shall deprive the Optionee, without the Optionee’s consent, of the option or of any
of Optionee’s rights under this Agreement. The interpretation and construction by the Committee of the Plan and the option, and such rules and regulations as may be adopted by the Committee for the purpose of administering the Plan, shall be
final and binding upon the Optionee. 
  

	13.	Stockholder Rights. 

  
 The holder of an option shall have no stockholder rights with respect to the Shares subject to the option until such person shall have exercised the
option, paid the entire Exercise Price for the purchased Shares and become a holder of record of the purchased Shares. 
  

	14.	Service Rights. 

  
 No provision of this Agreement or of the option granted hereunder shall confer upon the Optionee any right to continue in Service for any period of
specific duration or interfere with or otherwise restrict in any way the rights of the Company or of the Optionee to terminate the Optionee’s Service. 
  

	15.	Changes in Company’s Capital Structure. 

  
 The existence of the option shall not affect in any way the right or authority of the Company or its stockholders to make or authorize any or all
adjustments, recapitalizations, reorganizations or other changes in the Company’s capital structure or its business, or any merger or consolidation of the Company, or any issue of bonds, debentures, preferred or prior preference stock ahead of
or affecting the shares subject to the option or the rights thereof, or the dissolution or liquidation of the Company, or any sale or transfer of all or any part of its assets or business, or any other corporate act or proceeding, whether of a
similar character or otherwise. Notwithstanding the foregoing, if any change is made to the Common Stock by reason of any stock split, reverse stock split, stock dividend, recapitalization, combination of shares, exchange of shares, reclassification
of shares or other change affecting the outstanding Common Stock as a class without the Company’s receipt of consideration, appropriate adjustments shall be made to the number of shares, the class of securities and/or the exercise price, as
determined by the Committee in its sole and absolute discretion. Such adjustments shall be effected in a manner that shall preclude the enlargement or dilution of rights and benefits under this option. The adjustments determined by the Committee
shall be final, binding and conclusive. 
  

	16.	Governing Law. 

  
 This Agreement and the option granted hereunder shall be governed by, and construed and enforced in accordance with, the laws of the State of California
without regard to conflicts of law principles, and, to the extent applicable, the federal laws of the United States of America; provided, however, that corporate governance matters (including but not limited to the rights and obligations of the
Board and the Committee) shall be governed by and construed in accordance with the laws of the State of Delaware applicable to a Delaware corporation. 
  

 10 

	17.	Entire Agreement. 

  
 This Agreement, together with the Plan, constitutes the entire obligation of the parties hereto with respect to the subject matter hereof and shall
supersede any prior expressions of intent or understanding with respect to this transaction. 
  

	18.	Amendment. 

  
 Any amendment to this Agreement shall be in writing and signed by the Company and the Optionee. 
  

	19.	Waiver; Cumulative Rights. 

  
 The failure or delay of either party to require performance by the other party of any provision hereof shall not affect its right to require performance
of such provision unless and until such performance has been waived in writing. Each and every right hereunder is cumulative and may be exercised in part or in whole from time to time. 
  

	20.	Counterparts. 

  
 This Agreement may be signed in two counterparts, each of which shall be an original, but both of which shall constitute but one and the same instrument.

  

	21.	Notices. 

  
 Any notice which either party hereto may be required or permitted to give the other shall be in writing and may be delivered personally or by mail,
postage prepaid, addressed to the Secretary of the Company, at its then corporate headquarters, and to the Optionee at his or her address as shown on the Company’s records, or to such other address as the Optionee, by notice to the Company, may
designate in writing from time to time. 
  

	22.	Headings. 

  
 The headings contained in this Agreement are for reference purposes only and shall not affect the meaning or interpretation of this Agreement. 

 

	23.	Severability. 

  
 If any provision of this Agreement shall for any reason be held to be invalid or unenforceable, such invalidity or unenforceability shall not effect any
other provision hereof, and this Agreement shall be construed as if such invalid or unenforceable provision were omitted. 
  

 11 

	24.	Successors and Assigns. 

  
 Subject to the limitations on transferability contained herein, this Agreement shall be binding upon and inure to the benefit of the heirs, legal
representatives, successors and assigns of the parties to this Agreement. 
  

	25.	Tax Consequences. 

  
 The Optionee agrees to undertake to determine and be responsible for any and all tax consequences to the Optionee with respect to the option. 

 
 IN WITNESS WHEREOF, the Company has caused this Agreement to be duly
executed by an officer thereunto duly authorized, and the Optionee has duly executed this Agreement, all as of the day and year first above written. 
  

			
	 COMPANY:
 Leadis Technology, Inc.

		
	By:	 	 
	 	 	

	 	 	 Sung Tae (Steve) Ahn, CEO

  

			
	OPTIONEE:
	
	 
	

	 	 	 

  

 12 

 EXHIBIT 1 
  

PURCHASE FORM 
  
 The undersigned hereby irrevocably elects to exercise the option granted under that certain Non-Statutory Stock Option Agreement between Leadis
Technology, Inc., a Delaware corporation, and the undersigned, to the extent of purchasing                  shares of the Company’s common stock. The
undersigned hereby makes payment in the amount of $             in payment of the actual exercise price thereof. 
  

									
					
	Dated:	 	 	 	 	 	 	 	 
	 	 	
	 	 	 	 	 	

  

			
	INSTRUCTIONS FOR REGISTRATION OF STOCK
		
	 Name
	 	 
	 	 	

	 Address
	 	 
	 	 	

	 	 	 
	 	 	

	 Signature
	 	 
	 	 	

  

 13Prepared by R.R. Donnelley Financial -- 2004 Equity Incentive Plan

  
 Exhibit 10.2

  
 LEADIS TECHNOLOGY,
INC. 
  
 2004 EQUITY
INCENTIVE PLAN 
  
 ADOPTED MARCH 16, 2004 
 APPROVED BY
STOCKHOLDERS             , 2004 
  

	1.	PURPOSES. 

  
 (a) Amendment and Restatement of the Initial Plan. The Plan initially was established as the 2002 Equity Incentive Plan, effective as of August 12,
2002 (the “Initial Plan”). The Initial Plan is amended and restated in its entirety as the “Leadis Technology, Inc. 2004 Equity Incentive Plan,” effective as of the date of adoption by the Board of Directors of the Company. No
options shall be granted under the Initial Plan from and after the effective date of the amendment and restatement. The terms of the Initial Plan (other than the aggregate number of shares issuable thereunder) shall remain in effect and apply to all
Stock Awards granted pursuant to the Initial Plan. 
  
 (b)
Eligible Stock Award Recipients. The persons eligible to receive Stock Awards are the Employees, Directors and Consultants of the Company and its Affiliates. 
  
 (c) Available Stock Awards. The purpose of the Plan is to provide a means by which eligible recipients of Stock
Awards may be given an opportunity to benefit from increases in value of the Common Stock through the granting of the following Stock Awards: (i) Incentive Stock Options, (ii) Non Statutory Stock Options, (iii) Restricted Stock Awards, (iii) Stock
Appreciation Rights, (iv) Phantom Stock and (v) Other Stock Awards. 
  
 (d) General Purpose. The Company, by means of the Plan, seeks to retain the services of the group of persons eligible to receive Stock Awards, to secure and retain the services of new members of this group and to provide incentives
for such persons to exert maximum efforts for the success of the Company and its Affiliates. 
  

	2.	DEFINITIONS. 

  
 (a) “Affiliate” means any parent corporation or subsidiary corporation of the Company, whether now or hereafter existing,
as those terms are defined in Sections 424(e) and (f), respectively, of the Code. 
  
 (b) “Board” means the Board of Directors of the Company. 
  
 (c) “Capitalization Adjustment” has the meaning ascribed to that term in Section 11(a). 
  

 1. 

 (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 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. Notwithstanding the foregoing, a Change in Control shall not be deemed to occur (A)
on account of the acquisition of securities of the Company by an institutional investor, any affiliate thereof or any other Exchange Act Person that acquires the Company’s securities in a transaction or series of related transactions that are
primarily a private financing transaction for the Company or (B) solely because the level of Ownership held by any Exchange Act Person (the “Subject Person”) exceeds the designated percentage threshold of the outstanding voting securities
as a result of a repurchase or other acquisition of voting securities by the Company reducing the number of shares outstanding, provided that if a Change in Control would occur (but for the operation of this sentence) as a result of the acquisition
of voting securities by the Company, and after such share acquisition, the Subject Person becomes the Owner of any additional voting securities that, assuming the repurchase or other acquisition had not occurred, increases the percentage of the then
outstanding voting securities Owned by the Subject Person over the designated percentage threshold, then a Change in Control shall be deemed to occur; 
  

(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 outstanding 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 a complete dissolution or liquidation of the Company shall otherwise occur; 
  
 (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; or 
  
 (v) individuals who, on the date this Plan is adopted by the Board, are members of the Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of the members of the Board;
provided, however, that if the appointment or election (or nomination for election) of any new Board member was approved or recommended by a majority vote of the members of the Incumbent Board then still in office, such new member shall, for
purposes of this Plan, be considered as a member of the Incumbent Board. 
  

 2. 

 Notwithstanding the foregoing or any other provision of this Plan, the definition of Change in Control
(or any analogous term) in an individual written agreement between the Company or any Affiliate and the Participant shall supersede the foregoing definition with respect to Stock Awards subject to such agreement (it being understood, however, that
if no definition of Change in Control or any analogous term is set forth in such an individual written agreement, the foregoing definition shall apply). 
  
 (e) “Code” means the Internal Revenue Code of 1986, as amended. 
  
 (f) “Committee” means a committee of one or
more members of the Board appointed by the Board in accordance with Section 3(c). 
  
 (g) “Common Stock” means the common stock of the Company. 
  
 (h) “Company” means Leadis Technology, Inc., a Delaware corporation. 
  
 (i) “Consultant” means any person, including
an advisor, (i) engaged by the Company or an Affiliate to render consulting or advisory services and who is compensated for such services or (ii) serving as a member of the Board of Directors of an Affiliate and who is compensated for such services.
However, the term “Consultant” shall not include Directors who are not compensated by the Company for their services as Directors, and the payment of a director’s fee by the Company for services as a Director shall not cause a
Director to be considered a “Consultant” for purposes of the Plan. 
  
 (j) “Continuous Service” means that the Participant’s service with the Company or an Affiliate, whether as an Employee, Director or Consultant, is not interrupted or terminated. A
change in the capacity in which the Participant renders service to the Company or an Affiliate as an Employee, Consultant or Director or a change in the entity for which the Participant renders such service, provided that there is no interruption or
termination of the Participant’s service with the Company or an Affiliate, shall not terminate a Participant’s Continuous Service. For example, a change in status from an Employee of the Company to a Consultant of an Affiliate or a
Director shall not constitute an interruption of Continuous Service. The Board or the chief executive officer of the Company, in that party’s sole discretion, may determine whether Continuous Service shall be considered interrupted in the case
of any leave of absence approved by that party, including sick leave, military leave or any other personal leave. Notwithstanding the foregoing, a leave of absence shall be treated as Continuous Service for purposes of vesting in a Stock Award only
to such extent as may be provided in the Company’s leave of absence policy or in the written terms of the Participant’s leave of absence. 
  
 (k) “Corporate Transaction” means the occurrence, in a single transaction or in a series of related transactions, of any
one or more of the following events: 
  
 (i)
a sale or other disposition of all or substantially all, as determined by the Board in its discretion, of the consolidated assets of the Company and its Subsidiaries; 
  
 (ii) a sale or other disposition of at least ninety percent (90%) of the outstanding securities of
the Company; 
  

 3. 

 (iii) a merger, consolidation or similar transaction following which the Company
is not the surviving corporation; or 
  
 (iv)
a merger, consolidation or similar transaction following which the Company is the surviving corporation but the shares of Common Stock outstanding immediately preceding the merger, consolidation or similar transaction are converted or exchanged
by virtue of the merger, consolidation or similar transaction into other property, whether in the form of securities, cash or otherwise. 
  
 (l) “Covered Employee” means the chief executive officer and the four (4) other highest compensated officers of the Company
for whom total compensation is required to be reported to stockholders under the Exchange Act, as determined for purposes of Section 162(m) of the Code. 
  
 (m) “Diluted Shares Outstanding” means, as of any date, (i) the number of outstanding shares of Common Stock of the Company
on such Calculation Date (as defined in Section 4(a) herein), plus (ii) the number of shares of Common Stock issuable upon such Calculation Date assuming the conversion of all outstanding Preferred Stock and convertible notes, plus (iii) the
additional number of dilutive Common Stock equivalent shares outstanding as the result of any options or warrants outstanding during the fiscal year, calculated using the treasury stock method. 
  
 (n) “Director” means a member of the Board of
Directors of the Company. 
  
 (o)
“Disability” means the permanent and total disability of a person within the meaning of Section 22(e)(3) of the Code. 
  
 (p) “Employee” means any person employed by the Company or an Affiliate. Service as a Director or payment of a
director’s fee by the Company or an Affiliate shall not be sufficient to constitute “employment” by the Company or an Affiliate. 
  
 (q) “Entity” means a corporation, partnership or other entity. 
  
 (r) “Exchange Act” means the Securities
Exchange Act of 1934, as amended. 
  
 (s)
“Exchange Act Person” means any natural person, Entity or “group” (within the meaning of Section 13(d) or 14(d) of the Exchange Act), except that “Exchange Act Person” shall not include (A) the Company
or any Subsidiary of the Company, (B) any employee benefit plan of the Company or any Subsidiary of the Company or any trustee or other fiduciary holding securities under an employee benefit plan of the Company or any Subsidiary of the Company, (C)
an underwriter temporarily holding securities pursuant to an offering of such securities, or (D) an Entity Owned, directly or indirectly, by the stockholders of the Company in substantially the same proportions as their Ownership of stock of the
Company. 
  

 4. 

 (t) “Fair Market Value” means, as of any date, the value of the Common
Stock determined as follows: 
  
 (i) If
the Common Stock is listed on any established stock exchange or traded on the Nasdaq National Market or the Nasdaq SmallCap Market, the Fair Market Value of a share of Common Stock shall be the closing sales price for such stock (or the closing bid,
if no sales were reported) as quoted on such exchange or market (or the exchange or market with the greatest volume of trading in the Common Stock) on the last market trading day prior to the day of determination, as reported in The Wall Street
Journal or such other source as the Board deems reliable. 
  
 (ii) In the absence of such markets for the Common Stock, the Fair Market Value shall be determined in good faith by the Board. 
  
 (u) “Incentive Stock Option” means an Option intended to qualify as an incentive stock option
under Section 422 of the Code and the regulations promulgated thereunder. 
  
 (v) “Non-Employee Director” means a Director who either (i) is not a current Employee or Officer of the Company or its parent or a subsidiary, does not receive compensation (directly or
indirectly) from the Company or its parent or a subsidiary for services rendered as a consultant or in any capacity other than as a Director (except for an amount as to which disclosure would not be required under Item 404(a) of Regulation S-K
promulgated pursuant to the Securities Act (“Regulation S-K”)), does not possess an interest in any other transaction as to which disclosure would be required under Item 404(a) of Regulation S-K and is not engaged in a business
relationship as to which disclosure would be required under Item 404(b) of Regulation S-K; or (ii) is otherwise considered a “non-employee director” for purposes of Rule 16b-3. 
  
 (w) “Nonstatutory Stock Option” means an Option not intended to qualify as an incentive stock
option under Section 422 of the Code and the regulations promulgated thereunder. 
  
 (x) “Officer” means a person who is an officer of the Company within the meaning of Section 16 of the Exchange Act and the rules and regulations promulgated thereunder. 
  
 (y) “Option” means an Incentive Stock Option
or a Nonstatutory Stock Option granted pursuant to the Plan. 
  
 (z) “Option Agreement” means a written agreement between the Company and an Optionholder evidencing the terms and conditions of an individual Option grant. Each Option Agreement shall be subject to the terms
and conditions of the Plan. 
  
 (aa)
“Optionholder” means a person to whom an Option is granted pursuant to the Plan or, if applicable, such other person who holds an outstanding Option. 
  
 (bb) “Other Stock Award” means an award based in whole or in part by reference to the Common
Stock which is granted pursuant to the terms and conditions of Section 7(d). 
  
 (cc) “Outside Director” means a Director who either (i) is not a current employee of the Company or an “affiliated corporation” (within the meaning of Treasury Regulations
promulgated under Section 162(m) of the Code), is not a former employee of the Company or an 

  

 5. 

 
“affiliated corporation” receiving compensation for prior services (other than benefits under a tax-qualified pension plan), was not an officer of
the Company or an “affiliated corporation” at any time and is not currently receiving direct or indirect remuneration from the Company or an “affiliated corporation” for services in any capacity other than as a Director; or (ii)
is otherwise considered an “outside director” for purposes of Section 162(m) of the Code. 
  
 (dd) “Own,” “Owned,” “Owner,” “Ownership” A person or Entity shall be deemed to
“Own,” to have “Owned,” to be the “Owner” of, or to have acquired “Ownership” of securities if such person or Entity, directly or indirectly, through any contract, arrangement, understanding, relationship or
otherwise, has or shares voting power, which includes the power to vote or to direct the voting, with respect to such securities. 
  
 (ee) “Participant” means a person to whom a Stock Award is granted pursuant to the Plan or, if applicable, such other
person who holds an outstanding Stock Award. 
  
 (ff)
“Phantom Stock” means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 7(b). 
  
 (gg) “Restricted Stock Award” means an award of shares of Common Stock which is granted
pursuant to the terms and conditions of Section 7(a). 
  
 (hh)
“Plan” means this Leadis Technology, Inc. 2004 Equity Incentive Plan. 
  
 (ii) “Rule 16b-3” means Rule 16b-3 promulgated under the Exchange Act or any successor to Rule 16b-3, as in effect from
time to time. 
  
 (jj) “Securities
Act” means the Securities Act of 1933, as amended. 
  
 (kk) “Stock Appreciation Right” means a right to receive the appreciation of Common Stock that is granted pursuant to the terms and conditions of Section 7(c). 
  
 (ll) “Stock Award” means any right granted
under the Plan, including an Option, a Restricted Stock Award, Phantom Stock, a Stock Appreciation Right and an Other Stock Award. 
  
 (mm) “Stock Award Agreement” means a written agreement between the Company and a holder of a Stock Award evidencing the
terms and conditions of an individual Stock Award grant. Each Stock Award Agreement shall be subject to the terms and conditions of the Plan. 
  
 (nn) “Subsidiary” means, with respect to the Company, (i) any corporation of which more than fifty percent (50%) of the
outstanding capital stock having ordinary voting power to elect a majority of the board of directors of such corporation (irrespective of whether, at the time, stock of any other class or classes of such corporation shall have or might have voting
power by reason of the happening of any contingency) is at the time, directly or indirectly, Owned by the Company, and (ii) any partnership in which the Company has a direct or indirect interest (whether in the form of voting or participation in
profits or capital contribution) of more than fifty percent (50%). 
  

 6. 

 (oo) “Ten Percent Stockholder” means a person who Owns (or is deemed to
Own pursuant to Section 424(d) of the Code) stock possessing more than ten percent (10%) of the total combined voting power of all classes of stock of the Company or of any of its Affiliates. 
  

	3.	ADMINISTRATION. 

  
 (a) Administration by Board. The Board shall administer the Plan unless and until the Board delegates administration to a Committee, as provided in
Section 3(c). 
  
 (b) Powers of Board. The Board shall have
the power, subject to, and within the limitations of, the express provisions of the Plan: 
  
 (i) To determine from time to time which of the persons eligible under the Plan shall be granted Stock Awards; when and how each
Stock Award shall be granted; what type or combination of types of Stock Award shall be granted; the provisions of each Stock Award granted (which need not be identical), including the time or times when a person shall be permitted to receive Common
Stock pursuant to a Stock Award; and the number of shares of Common Stock with respect to which a Stock Award shall be granted to each such person. 
  
 (ii) To construe and interpret the Plan and Stock Awards granted under it, and to establish, amend and revoke rules and regulations
for its administration. The Board, in the exercise of this power, may correct any defect, omission or inconsistency in the Plan or in any Stock Award Agreement, in a manner and to the extent it shall deem necessary or expedient to make the Plan
fully effective. 
  
 (iii) To effect, at
any time and from time to time, with the consent of any adversely affected Optionholder, (1) the reduction of the exercise price of any outstanding Option under the Plan, (2) the cancellation of any outstanding Option under the Plan and the grant in
substitution therefor of (A) a new Option under the Plan or another equity plan of the Company covering the same or a different number of shares of Common Stock, (B) a Restricted Stock Award (including a stock bonus), (C) a Stock Appreciation Right,
(D) Phantom Stock, (E) an Other Stock Award, (F) cash and/or (G) other valuable consideration (as determined by the Board, in its sole discretion), or (3) any other action that is treated as a repricing under generally accepted accounting
principles. 
  
 (iv) To amend the Plan or
a Stock Award as provided in Section 12. 
  
 (v) To terminate or suspend the Plan as provided in Section 13. 
  
 (vi) Generally, to exercise such powers and to perform such acts as the Board deems necessary or expedient to promote the best
interests of the Company and that are not in conflict with the provisions of the Plan. 
  
 (c) Delegation to Committee. 
  
 (i) General. The Board may delegate administration of the Plan to a Committee or Committees of one (1) or more members of the Board, and the term “Committee” shall apply to any person or
persons to whom such authority has been delegated. If 

  

 7. 

 
administration is delegated to a Committee, the Committee shall have, in connection with the administration of the Plan, the powers theretofore possessed by
the Board, including the power to delegate to a subcommittee any of the administrative powers the Committee is authorized to exercise (and references in this Plan to the Board shall thereafter be to the Committee or subcommittee), subject, however,
to such resolutions, not inconsistent with the provisions of the Plan, as may be adopted from time to time by the Board. The Board may abolish the Committee at any time and revest in the Board the administration of the Plan. 
  
 (ii) Section 162(m) and Rule 16b-3 Compliance. In the
discretion of the Board, the Committee may consist solely of two or more Outside Directors, in accordance with Section 162(m) of the Code, and/or solely of two or more Non-Employee Directors, in accordance with Rule 16b-3. Within the scope of such
authority, the Board or the Committee may (1) delegate to a committee of one or more members of the Board who are not Outside Directors the authority to grant Stock Awards to eligible persons who are either (a) not then Covered Employees and are not
expected to be Covered Employees at the time of recognition of income resulting from such Stock Award or (b) not persons with respect to whom the Company wishes to comply with Section 162(m) of the Code and/or (2) delegate to a committee of one or
more members of the Board who are not Non-Employee Directors the authority to grant Stock Awards to eligible persons who are not then subject to Section 16 of the Exchange Act. 
  
 (d) Delegation to an Officer. The Board may delegate to one or more Officers of the Company the authority to do one
or both of the following (i) designate Officers and Employees of the Company or any of its Subsidiaries to be recipients of Stock Awards and (ii) determine the number of shares of Common Stock to be subject to such Stock Awards granted to such
Officers and Employees of the Company; provided, however, that the Board resolutions regarding such delegation shall specify the total number of shares of Common Stock that may be subject to the Stock Awards granted by such Officer and that
such Officer may not grant a Stock Award to himself or herself. Notwithstanding the foregoing, the Board may not delegate authority to an Officer to determine the Fair Market Value of the Common Stock 
  
 (e) Effect of Board’s Decision. All determinations,
interpretations and constructions made by the Board in good faith shall not be subject to review by any person and shall be final, binding and conclusive on all persons. 
  

	4.	SHARES SUBJECT TO THE PLAN. 

  
 (a) Share Reserve. Subject to the provisions of Section 11(a)
relating to Capitalization Adjustments, the shares of Common Stock that may be issued pursuant to Stock Awards shall not exceed in the aggregate four million (4,000,000) shares of Common Stock, plus an annual increase to be added on December
31st of each year, commencing on December 31, 2004 and ending on December 31, 2013 (each such day, a
“Calculation Date”), equal to five percent (5%) of the Diluted Shares Outstanding on each such Calculation Date (rounded down to the nearest whole share). Notwithstanding the foregoing, the Board may act, prior to the last day of any
fiscal year of the Company, to increase the share reserve by such number of shares of Common Stock as the Board shall determine, which number shall be less than the amount determined in the prior sentence. 
  

 8. 

 (b) Reversion of Shares to the Share Reserve. If any Stock Award shall for any reason expire or
otherwise terminate, in whole or in part, without having been exercised in full, or if any shares of Common Stock issued to a Participant pursuant to a Stock Award are forfeited back to or repurchased by the Company, including, but not limited to,
any repurchase or forfeiture caused by the failure to meet a contingency or condition required for the vesting of such shares, then the shares of Common Stock not acquired under such Stock Award shall revert to and again become available for
issuance under the Plan. If any shares subject to a Stock Award are not delivered to a Participant because such shares are withheld for the payment of taxes or the Stock Award is exercised through a reduction of shares subject to the Stock Award
(i.e., “net exercised”), the number of shares that are not delivered shall revert to and again become available for issuance under the Plan. If the exercise price of any Stock Award is satisfied by tendering shares of Common Stock
held by the Participant (either by actual delivery or attestation), then the number of such tendered shares shall revert to and again become available for issuance under the Plan. Notwithstanding the foregoing, subject to the provisions of Section
11(a) relating to Capitalization Adjustments, the maximum number of shares of Common Stock that may be issued as Incentive Stock Options shall be four million (4,000,000) shares of Common Stock. 
  
 (c) Source of Shares. The shares of Common Stock subject to the Plan
may be unissued shares or reacquired shares, bought on the market or otherwise. 
  

	5.	ELIGIBILITY. 

  
 (a) Eligibility for Specific Stock Awards. Incentive Stock Options may be granted only to Employees. Stock Awards other than Incentive Stock
Options may be granted to Employees, Directors and Consultants. 
  
 (b) Ten Percent Stockholders. A Ten Percent Stockholder shall not be granted an Incentive Stock Option unless the exercise price of such Option is at least one hundred ten percent (110%) of the Fair Market Value of the Common Stock
on the date of grant and the Option is not exercisable after the expiration of five (5) years from the date of grant. 
  
 (c) Consultants. A Consultant shall not be eligible for the grant of a Stock Award if, at the time of grant, a Form S-8 Registration Statement
under the Securities Act (“Form S-8”) is not available to register either the offer or the sale of the Company’s securities to such Consultant because of the nature of the services that the Consultant is providing to the Company,
because the Consultant is not a natural person, or because of any other rule governing the use of Form S-8. 
  

	6.	OPTION PROVISIONS. 

  
 Each Option shall be in such form and shall contain such terms and conditions as the Board shall deem appropriate. All Options shall be designated as
Incentive Stock Options or Nonstatutory Stock Options at the time of grant, and, if certificates are issued, a separate certificate or certificates shall be issued for shares of Common Stock purchased on exercise of each type of Option. The
provisions of separate Options need not be identical, but each Option 

  

 9. 

 
shall include (through incorporation of the provisions hereof by reference in the Option or otherwise) the substance of each of the following provisions:

  
 (a) Term. The Board shall determine the term of an
Option; provided that subject to the provisions of Section 5(b) regarding Ten Percent Stockholders, no Incentive Stock Option shall be exercisable after the expiration of ten (10) years from the date on which it was granted. 
  
 (b) Exercise Price of an Incentive Stock Option. Subject to the
provisions of Section 5(b) regarding Ten Percent Stockholders, the exercise price of each Incentive Stock Option shall be not less than one hundred percent (100%) of the Fair Market Value of the Common Stock subject to the Option on the date the
Option is granted. Notwithstanding the foregoing, an Incentive Stock Option may be granted with an exercise price lower than that set forth in the preceding sentence if such Option is granted pursuant to an assumption or substitution for another
option in a manner satisfying the provisions of Section 424(a) of the Code. 
  
 (c) Exercise Price of a Nonstatutory Stock Option. The exercise price of each Nonstatutory Stock Option shall be not less than fifty percent (50%) of the Fair Market Value of the Common Stock subject to the
Option on the date the Option is granted. Notwithstanding the foregoing, a Nonstatutory Stock Option may be granted with an exercise price lower than that set forth in the preceding sentence if such Option is granted pursuant to an assumption or
substitution for another option in a manner satisfying the provisions of Section 424(a) of the Code. 
  
 (d) Consideration. The purchase price of Common Stock acquired pursuant to an Option shall be paid, to the extent permitted by applicable law,
either (i) in cash at the time the Option is exercised or (ii) at the discretion of the Board (1) by delivery to the Company of other Common Stock, (2) according to a deferred payment or other similar arrangement with the Optionholder, (3) by a
“net exercise” of the Option (as further described below), (4) pursuant to a program developed under Regulation T as promulgated by the Federal Reserve Board that, prior to the issuance of Common Stock, results in either the receipt of
cash (or check) by the Company or the receipt of irrevocable instructions to pay the aggregate exercise price to the Company from the sales proceeds or (5) in any other form of legal consideration that may be acceptable to the Board. Unless
otherwise specifically provided in the Option, the purchase price of Common Stock acquired pursuant to an Option that is paid by delivery to the Company of other Common Stock acquired, directly or indirectly, from the Company, shall be paid only by
shares of the Common Stock of the Company that have been held for more than six (6) months (or such longer or shorter period of time required to avoid a charge to earnings for financial accounting purposes). At any time that the Company is
incorporated in Delaware, payment of the Common Stock’s “par value,” as defined in the Delaware General Corporation Law, shall not be made by deferred payment. 
  
 In the case of any deferred payment arrangement, interest shall be compounded at least annually and shall be charged at the
minimum rate of interest necessary to avoid (1) the treatment as interest, under any applicable provisions of the Code, of any amounts other than amounts stated to be interest under the deferred payment arrangement and (2) the treatment of the
Option as a variable award for financial accounting purposes. 
  

 10. 

 In the case of a “net exercise” of an Option, the Company will not require a payment of the
exercise price of the Option from the Participant but will reduce the number of shares of Common Stock issued upon the exercise by the largest number of whole shares that has a Fair Market Value that does not exceed the aggregate exercise price.
With respect to any remaining balance of the aggregate exercise price, the Company shall accept a cash payment from the Participant. The shares of Common Stock so used to pay the exercise price of an Option under a “net exercise” will be
considered to have resulted from the exercise of the Option, and accordingly, the Option will not again be exercisable with respect to such shares, the shares actually delivered to the Participant, and any shares withheld for purposes of tax
withholding. 
  
 (e) Transferability of an Incentive Stock
Option. An Incentive Stock Option shall not be transferable except by will or by the laws of descent and distribution and shall be exercisable during the lifetime of the Optionholder only by the Optionholder. Notwithstanding the foregoing, the
Optionholder may, by delivering written notice to the Company, in a form satisfactory to the Company, designate a third party who, in the event of the death of the Optionholder, shall thereafter be entitled to exercise the Option. 
  
 (f) Transferability of a Nonstatutory Stock Option. A Nonstatutory
Stock Option shall be transferable to the extent provided in the Option Agreement. If the Nonstatutory Stock Option does not provide for transferability, then the Nonstatutory Stock Option shall not be transferable except by will or by the laws of
descent and distribution and shall be exercisable during the lifetime of the Optionholder only by the Optionholder. Notwithstanding the foregoing, the Optionholder may, by delivering written notice to the Company, in a form satisfactory to the
Company, designate a third party who, in the event of the death of the Optionholder, shall thereafter be entitled to exercise the Option. 
  
 (g) Vesting Generally. The total number of shares of Common Stock subject to an Option may, but need not, vest and therefore become exercisable in
periodic installments that may, but need not, be equal. The Option may be subject to such other terms and conditions on the time or times when it may be exercised (which may be based on performance or other criteria) as the Board may deem
appropriate. The vesting provisions of individual Options may vary. The provisions of this Section are subject to any Option provisions governing the minimum number of shares of Common Stock as to which an Option may be exercised. 
  
 (h) Termination of Continuous Service. In the event that an
Optionholder’s Continuous Service terminates (other than upon the Optionholder’s death or Disability), the Optionholder may exercise his or her Option (to the extent that the Optionholder was entitled to exercise such Option as of the date
of termination) but only within such period of time ending on the earlier of (i) the date three (3) months following the termination of the Optionholder’s Continuous Service (or such longer or shorter period specified in the Option Agreement)
or (ii) the expiration of the term of the Option as set forth in the Option Agreement. If, after termination, the Optionholder does not exercise his or her Option within the time specified in the Option Agreement, the Option shall terminate.

  
 (i) Extension of Termination Date. An
Optionholder’s Option Agreement may also provide that if the exercise of the Option following the termination of the Optionholder’s Continuous Service (other than upon the Optionholder’s death or Disability) would be prohibited

  

 11. 

 
at any time solely because the issuance of shares of Common Stock would violate the registration requirements under the Securities Act, then the Option shall
terminate on the earlier of (i) the expiration of the term of the Option set forth in the Option Agreement or (ii) the expiration of a period of three (3) months after the termination of the Optionholder’s Continuous Service during which the
exercise of the Option would not be in violation of such registration requirements. 
  
 (j) Disability of Optionholder. In the event that an Optionholder’s Continuous Service terminates as a result of the Optionholder’s Disability, the Optionholder may exercise his or her Option (to the
extent that the Optionholder was entitled to exercise such Option as of the date of termination), but only within such period of time ending on the earlier of (i) the date twelve (12) months following such termination (or such longer or shorter
period specified in the Option Agreement or (ii) the expiration of the term of the Option as set forth in the Option Agreement. If, after termination, the Optionholder does not exercise his or her Option within the time specified herein, the Option
shall terminate. 
  
 (k) Death of Optionholder. In the
event that (i) an Optionholder’s Continuous Service terminates as a result of the Optionholder’s death or (ii) the Optionholder dies within the period (if any) specified in the Option Agreement after the termination of the
Optionholder’s Continuous Service for a reason other than death, then the Option may be exercised (to the extent the Optionholder was entitled to exercise such Option as of the date of death) by the Optionholder’s estate, by a person who
acquired the right to exercise the Option by bequest or inheritance or by a person designated to exercise the option upon the Optionholder’s death pursuant to Sections 6(e) or 6(f), but only within the period ending on the earlier of (1) the
date eighteen (18) months following the date of death (or such longer or shorter period specified in the Option Agreement, or (2) the expiration of the term of such Option as set forth in the Option Agreement. If, after death, the Option is not
exercised within the time specified herein, the Option shall terminate. 
  
 (l) Early Exercise. The Option may, but need not, include a provision whereby the Optionholder may elect at any time before the Optionholder’s Continuous Service terminates to exercise the Option as to any part or all of the
shares of Common Stock subject to the Option prior to the full vesting of the Option. Any unvested shares of Common Stock so purchased may be subject to a repurchase option in favor of the Company or to any other restriction the Board determines to
be appropriate. The Company will not exercise its repurchase option until at least six (6) months (or such longer or shorter period of time required to avoid a charge to earnings for financial accounting purposes) have elapsed following exercise of
the Option unless the Board otherwise specifically provides in the Option. 
  

	7.	PROVISIONS OF STOCK AWARDS OTHER THAN OPTIONS.

  
 (a) Restricted Stock Awards. Each
Restricted Stock Award agreement shall be in such form and shall contain such terms and conditions as the Board shall deem appropriate. The terms and conditions of Restricted Stock Award agreements may change from time to time, and the terms and
conditions of separate Restricted Stock Award agreements need not be identical; provided, however, that each Restricted Stock Award agreement shall include (through 

  

 12. 

 
incorporation of the provisions hereof by reference in the agreement or otherwise) the substance of each of the following provisions: 
  
 (i) Purchase Price. At the time of the grant of a
Restricted Stock Award, the Board will determine the price to be paid by the Participant for each share subject to the Restricted Stock Award. To the extent required by applicable law, the price to be paid by the Participant for each share of the
Restricted Stock Award will not be less than the par value of a share of Common Stock. A Restricted Stock Award may be awarded as a stock bonus (i.e., with no cash purchase price to be paid) to the extent permissible under applicable law.

  
 (ii) Consideration. At the time of the
grant of a Restricted Stock Award, the Board will determine the consideration permissible for the payment of the purchase price of the Restricted Stock Award. The purchase price of Common Stock acquired pursuant to the Restricted Stock Award shall
be paid in one of the following ways: (i) in cash at the time of purchase; (ii) at the discretion of the Board, according to a deferred payment or other similar arrangement with the Participant; (iii) by services rendered or to be rendered to the
Company; or (iv) in any other form of legal consideration that may be acceptable to the Board; provided, however, that at any time that the Company is incorporated in Delaware, the Common Stock’s “par value,” as defined in the
Delaware General Corporation Law, shall not be paid by deferred payment and must be paid in a form of consideration that is permissible under the Delaware Corporation Law. 
  
 (iii) Vesting. Shares of Common Stock acquired under a Restricted Stock Award may, but need not, be
subject to a share repurchase option in favor of the Company in accordance with a vesting schedule to be determined by the Board. 
  
 (iv) Termination of Participant’s Continuous Service. In the event that a Participant’s Continuous Service terminates,
the Company may repurchase or otherwise reacquire any or all of the shares of Common Stock held by the Participant that have not vested as of the date of termination under the terms of the Restricted Stock Award agreement. The Company will not
exercise its repurchase option until at least six (6) months (or such longer or shorter period of time required to avoid a charge to earnings for financial accounting purposes) have elapsed following the purchase of the restricted stock unless
otherwise determined by the Board or provided in the Restricted Stock Award agreement. 
  
 (v) Transferability. Rights to purchase or receive shares of Common Stock granted under a Restricted Stock Award shall be
transferable by the Participant only upon such terms and conditions as are set forth in the Restricted Stock Award agreement, as the Board shall determine in its discretion, and so long as Common Stock awarded under the Restricted Stock Award
remains subject to the terms of the Restricted Stock Award agreement. 
  
 (b) Phantom Stock. Each Phantom Stock agreement shall be in such form and shall contain such terms and conditions as the Board shall determine. The terms and conditions of Phantom Stock agreements may change from time to time, and
the terms and conditions of separate Phantom Stock agreements need not be identical; provided, however, that each Phantom Stock agreement shall include (through incorporation of the provisions hereof by reference in the agreement or
otherwise) the substance of each of the following provisions: 
  
 (i) Consideration. At the time of grant of a Phantom Stock award, the Board will determine the consideration, if any, to be paid by the Participant upon delivery of each share of Common Stock subject to the
Phantom Stock award. To the extent required by applicable law, the consideration to be paid by the Participant for each share of Common Stock subject to a Phantom Stock award will not be less than the par value of a share of Common Stock. Such
consideration may be paid in any form permitted under applicable law. 
  

 13. 

 (ii) Vesting. At the time of the grant of a Phantom Stock award, the Board may
impose such restrictions or conditions to the vesting of the shares Phantom Stock as it deems appropriate. 
  
 (iii) Payment. A Phantom Stock award may be settled by the delivery of shares of Common Stock, their cash equivalent, or any
combination of the two, as the Board deems appropriate. 
  
 (iv) Additional Restrictions. At the time of the grant of a Phantom Stock award, the Board, as it deems appropriate, may impose such restrictions or conditions that delay the delivery of the shares of Common
Stock (or their cash equivalent) subject to a Phantom Stock award after the vesting of such Award. 
  
 (v) Dividend Equivalents. Dividend equivalents may be credited in respect of shares of Phantom Stock, as the Board deems
appropriate. Such dividend equivalents may be converted into additional shares of Phantom Stock by dividing (1) the aggregate amount or value of the dividends paid with respect to that number of shares of Common Stock equal to the number of shares
of Phantom Stock then credited by (2) the Fair Market Value per share of Common Stock on the payment date for such dividend. The additional shares of Phantom Stock credited by reason of such dividend equivalents will be subject to all the terms and
conditions of the underlying Phantom Stock award to which they relate. 
  
 (vi) Termination of Participant’s Continuous Service. Except as otherwise provided in the applicable Stock Award Agreement, shares of Phantom Stock that have not vested will be forfeited upon the
Participant’s termination of Continuous Service for any reason. 
  
 (c) Stock Appreciation Rights. Each Stock Appreciation Rights agreement shall be in such form and shall contain such terms and conditions as the Board shall deem appropriate. The terms and conditions of Stock Appreciation Rights
agreements may change from time to time, and the terms and conditions of separate Stock Appreciation Rights agreements need not be identical, but each Stock Appreciation Rights agreement shall include (through incorporation of the provisions hereof
by reference in the agreement or otherwise) the substance of each of the following provisions: 
  
 (i) Strike Price and Calculation of Appreciation. Each Stock Appreciation Right will be denominated in share of Common Stock
equivalents. The appreciation distribution payable on the exercise of a Stock Appreciation Right will be not greater than an amount equal to the excess of (A) the aggregate Fair Market Value (on the date of the exercise of the Stock Appreciation
Right) of a number of shares of Common Stock equal to the number of share of Common Stock equivalents in which the Participant is vested under such Stock Appreciation 

  

 14. 

 
Right and with respect to which the Participant is exercising the Stock Appreciation Right on such date, over (B) an amount that will be determined by the
Committee at the time of grant of the Stock Appreciation Right. 
  
 (ii) Vesting. At the time of the grant of a Stock Appreciation Right, the Board may impose such restrictions or conditions to the vesting of such Right as it deems appropriate. 
  
 (iii) Exercise. To exercise any outstanding Stock
Appreciation Right, the Participant must provide written notice of exercise to the Company in compliance with the provisions of the Stock Appreciation Rights agreement evidencing such Right. 
  
 (iv) Payment. The appreciation distribution in
respect of a Stock Appreciation Right may be paid in Common Stock, in cash, or any combination of the two, as the Board deems appropriate. 
  
 (v) Termination of Continuous Service. In the event that a Participant’s Continuous Service terminates, the Participant may
exercise his or her Stock Appreciation Right (to the extent that the Participant was entitled to exercise such Stock Appreciation Right as of the date of termination) but only within such period of time ending on the earlier of (i) the date three
(3) months following the termination of the Participant’s Continuous Service (or such longer or shorter period specified in the Stock Appreciation Rights agreement) or (ii) the expiration of the term of the Stock Appreciation Right as set forth
in the Stock Appreciation Rights agreement. If, after such termination, the Participant does not exercise his or her Stock Appreciation Right within the time specified in the Stock Appreciation Rights agreement, the Stock Appreciation Right shall
terminate. 
  
 (d) Other Stock Awards. Other forms of Stock
Awards valued in whole or in part by reference to, or otherwise based on, Common Stock may be granted either alone or in addition to Stock Awards provided for under Section 6 and the preceding provisions of this Section 7. Subject to the provisions
of the Plan, the Board shall have sole and complete authority to determine the persons to whom and the time or times at which such Other Stock Awards will be granted, the number of shares of Common Stock (or the cash equivalent thereof) to be
granted pursuant to such Awards and all other terms and conditions of such Awards. 
  

	8.	SECURITIES LAW COMPLIANCE. 

  
 The Company shall seek to obtain from each regulatory commission or agency having jurisdiction over the Plan such authority
as may be required to grant Stock Awards and to issue and sell shares of Common Stock upon exercise of the Stock Awards; provided, however, that this undertaking shall not require the Company to register under the Securities Act the Plan, any
Stock Award or any Common Stock issued or issuable pursuant to any such Stock Award. If, after reasonable efforts, the Company is unable to obtain from any such regulatory commission or agency the authority which counsel for the Company deems
necessary for the lawful issuance and sale of Common Stock under the Plan, the Company shall be relieved from any liability for failure to issue and sell Common Stock upon exercise of such Stock Awards unless and until such authority is obtained.

  

 15. 

	9.	USE OF PROCEEDS FROM STOCK. 

  
 Proceeds from the sale of Common Stock pursuant to Stock Awards shall
constitute general funds of the Company. 
  

	10.	MISCELLANEOUS. 

  
 (a) Acceleration of Exercisability and Vesting. The Board shall have the power to accelerate the time at which a Stock Award may first be exercised
or the time during which a Stock Award or any part thereof will vest in accordance with the Plan, notwithstanding the provisions in the Stock Award stating the time at which it may first be exercised or the time during which it will vest.

  
 (b) Stockholder Rights. Subject to the further
limitations of Section 7(b)(iv) hereof, no Participant shall be deemed to be the holder of, or to have any of the rights of a holder with respect to, any shares of Common Stock subject to such Stock Award unless and until such Participant has
satisfied all requirements for exercise of the Stock Award pursuant to its terms. 
  
 (c) No Employment or other Service Rights. Nothing in the Plan or any instrument executed or Stock Award granted pursuant thereto shall confer upon any Participant any right to continue to serve the Company or
an Affiliate in the capacity in effect at the time the Stock Award was granted or shall affect the right of the Company or an Affiliate to terminate (i) the employment of an Employee with or without notice and with or without cause, (ii) the service
of a Consultant pursuant to the terms of such Consultant’s agreement with the Company or an Affiliate or (iii) the service of a Director pursuant to the Bylaws of the Company or an Affiliate, and any applicable provisions of the corporate law
of the state in which the Company or the Affiliate is incorporated, as the case may be. 
  
 (d) Investment Assurances. The Company may require a Participant, as a condition of exercising or acquiring Common Stock under any Stock Award, (i) to give written assurances satisfactory to the Company as to
the Participant’s knowledge and experience in financial and business matters and/or to employ a purchaser representative reasonably satisfactory to the Company who is knowledgeable and experienced in financial and business matters and that he
or she is capable of evaluating, alone or together with the purchaser representative, the merits and risks of exercising the Stock Award; and (ii) to give written assurances satisfactory to the Company stating that the Participant is acquiring
Common Stock subject to the Stock Award for the Participant’s own account and not with any present intention of selling or otherwise distributing the Common Stock. The foregoing requirements, and any assurances given pursuant to such
requirements, shall be inoperative if (1) the issuance of the shares of Common Stock upon the exercise or acquisition of Common Stock under the Stock Award has been registered under a then currently effective registration statement under the
Securities Act or (2) as to any particular requirement, a determination is made by counsel for the Company that such requirement need not be met in the circumstances under the then applicable securities laws. The Company may, upon advice of counsel
to the Company, place legends on stock certificates issued under the Plan as such counsel deems necessary or appropriate in order to comply with applicable securities laws, including, but not limited to, legends restricting the transfer of the
Common Stock. 
  

 16. 

 (e) Withholding Obligations. To the extent provided by the terms of a Stock Award Agreement, the
Participant may satisfy any federal, state or local tax withholding obligation relating to the exercise or acquisition of Common Stock under a Stock Award by any of the following means (in addition to the Company’s right to withhold from any
compensation paid to the Participant by the Company) or by a combination of such means: (i) tendering a cash payment; (ii) authorizing the Company to withhold shares of Common Stock from the shares of Common Stock otherwise issuable to the
Participant as a result of the exercise or acquisition of Common Stock under the Stock Award; provided, however, that no shares of Common Stock are withheld with a value exceeding the minimum amount of tax required to be withheld by law (or
such lesser amount as may be necessary to avoid variable award accounting); or (iii) delivering to the Company owned and unencumbered shares of Common Stock. 
  
 (f) Incentive Stock Option $100,000 Limitation. To the extent that the aggregate Fair Market Value (determined at the time of grant) of Common
Stock with respect to which Incentive Stock Options are exercisable for the first time by any Optionholder during any calendar year (under all plans of the Company and its Affiliates) exceeds one hundred thousand dollars ($100,000), the Options or
portions thereof that exceed such limit (according to the order in which they were granted) shall be treated as Nonstatutory Stock Options, notwithstanding any contrary provision of a Stock Award Agreement. 
  

	11.	ADJUSTMENTS UPON CHANGES IN STOCK. 

  
 (a) Capitalization Adjustments. If any change is made in, or other
event occurs with respect to, the Common Stock subject to the Plan or subject to any Stock Award without the receipt of consideration by the Company (through merger, consolidation, reorganization, recapitalization, reincorporation, stock dividend,
dividend in property other than cash, stock split, liquidating dividend, combination of shares, exchange of shares, change in corporate structure or other transaction not involving the receipt of consideration by the Company (each a
“Capitalization Adjustment”), the Plan will be appropriately adjusted in the class(es) and maximum number of securities subject to the Plan pursuant to Sections 4(a) and 4(b) and the maximum number of securities subject to award to any
person pursuant to Section 5(c), and the outstanding Stock Awards will be appropriately adjusted in the class(es) and number of securities and price per share of Common Stock subject to such outstanding Stock Awards. The Board shall make such
adjustments, and its determination shall be final, binding and conclusive. (The conversion of any convertible securities of the Company shall not be treated as a transaction “without receipt of consideration” by the Company.) 

 
 (b) Dissolution or Liquidation. In the event of a dissolution or
liquidation of the Company, then all outstanding Stock Awards shall terminate immediately prior to the completion of such dissolution or liquidation. 
  
 (c) Corporate Transaction. In the event of a Corporate Transaction, any surviving corporation or acquiring corporation may assume or continue any
or all Stock Awards outstanding under the Plan or may substitute similar stock awards for Stock Awards outstanding under the Plan (it being understood that similar stock awards include, but are not limited to, awards to acquire the same
consideration paid to the stockholders or the Company, as the case may be, pursuant to the Corporate Transaction), and any reacquisition or repurchase rights held 

  

 17. 

 
by the Company in respect of Common Stock issued pursuant to Stock Awards may be assigned by the Company to the successor of the Company (or the
successor’s parent company), if any, in connection with such Corporate Transaction. In the event that any surviving corporation or acquiring corporation does not assume or continue any or all such outstanding Stock Awards or substitute similar
stock awards for such outstanding Stock Awards, then with respect to Stock Awards that have been not assumed, continued or substituted and that are held by Participants whose Continuous Service has not terminated prior to the effective time of the
Corporate Transaction, the vesting of such Stock Awards (and, if applicable, the time at which such Stock Awards may be exercised) shall (contingent upon the effectiveness of the Corporate Transaction) be accelerated in full to a date prior to the
effective time of such Corporate Transaction as the Board shall determine (or, if the Board shall not determine such a date, to the date that is five (5) days prior to the effective time of the Corporate Transaction), the Stock Awards shall
terminate if not exercised (if applicable) at or prior to such effective time, and any reacquisition or repurchase rights held by the Company with respect to such Stock Awards held by Participants whose Continuous Service has not terminated shall
(contingent upon the effectiveness of the Corporate Transaction) lapse. With respect to any other Stock Awards outstanding under the Plan that have not been assumed, continued or substituted, the vesting of such Stock Awards (and, if applicable, the
time at which such Stock Award may be exercised) shall not be accelerated, unless otherwise provided in a written agreement between the Company or any Affiliate and the holder of such Stock Award, and such Stock Awards shall terminate if not
exercised (if applicable) prior to the effective time of the Corporate Transaction. 
  
 (d) Change in Control. A Stock Award held by any Participant whose Continuous Service has not terminated prior to the effective time of a Change in Control may be subject to additional acceleration of vesting
and exercisability upon or after such event as may be provided in the Stock Award Agreement for such Stock Award or as may be provided in any other written agreement between the Company or any Affiliate and the Participant. 
  

	12.	AMENDMENT OF THE PLAN AND STOCK AWARDS. 

  
 (a) Amendment of Plan. The Board at any time, and from time to time,
may amend the Plan. However, except as provided in Section 11(a) relating to Capitalization Adjustments, no amendment shall be effective unless approved by the stockholders of the Company to the extent stockholder approval is necessary to satisfy
applicable law including the requirements of Section 422 of the Code. 
  
 (b) Stockholder Approval. The Board, in its sole discretion, may submit any other amendment to the Plan for stockholder approval, including, but not limited to, amendments to the Plan intended to satisfy the requirements of Section
162(m) of the Code and the regulations thereunder regarding the exclusion of performance-based compensation from the limit on corporate deductibility of compensation paid to Covered Employees. 
  
 (c) No Impairment of Rights. Rights under any Stock Award granted
before amendment of the Plan shall not be impaired by any amendment of the Plan unless (i) the Company requests the consent of the Participant and (ii) the Participant consents in writing. 
  

 18. 

 (d) Amendment of Stock Awards. The Board at any time, and from time to time, may amend the terms
of any one or more Stock Awards; provided, however, that the rights under any Stock Award shall not be impaired by any such amendment unless (i) the Company requests the consent of the Participant and (ii) the Participant consents in writing.

  

	13.	TERMINATION OR SUSPENSION OF THE PLAN. 

  
 (a) Plan Term. The Board may suspend or terminate the Plan at any
time. Unless sooner terminated, the Plan shall terminate on the day before the tenth (10th) anniversary of the date this amended and restated Plan is adopted by the Board or approved by the stockholders of the Company, whichever is earlier. No Stock
Awards may be granted under the Plan while the Plan is suspended or after it is terminated. 
  
 (b) No Impairment of Rights. Suspension or termination of the Plan shall not impair rights and obligations under any Stock Award granted while the Plan is in effect except with the written consent of the
Participant. 
  

	14.	EFFECTIVE DATE OF PLAN. 

  
 The Plan shall become effective as determined by the Board, but no Stock Award shall be exercised (or, in the case of a
stock bonus, shall be granted) unless and until the Plan has been approved by the stockholders of the Company, which approval shall be within twelve (12) months before or after the date the Plan is adopted by the Board. 
  

	15.	CHOICE OF LAW. 

  
 The law of the State of Delaware shall govern all questions concerning the construction, validity and interpretation of this Plan, without regard to such
state’s conflict of laws rules. 
  

 19. 

 LEADIS TECHNOLOGY, INC. 
 2004 EQUITY INCENTIVE PLAN 
  
 STOCK OPTION AGREEMENT 
 (INCENTIVE STOCK OPTION OR NONSTATUTORY STOCK
OPTION) 
  
 Pursuant to your Stock Option Grant
Notice (“Grant Notice”) and this Stock Option Agreement, Leadis Technology, Inc. (the “Company”) has granted you an option under its 2004 Equity Incentive Plan (the “Plan”) to purchase the number of shares of the
Company’s Common Stock indicated in your Grant Notice at the exercise price indicated in your Grant Notice. Defined terms not explicitly defined in this Stock Option Agreement but defined in the Plan shall have the same definitions as in the
Plan. 
  
 The details of your option are as follows: 

 
 1. VESTING. Subject to the limitations contained
herein, your option will vest as provided in your Grant Notice, provided that vesting will cease upon the termination of your Continuous Service. 
  
 2. NUMBER OF SHARES AND EXERCISE PRICE. The number of
shares of Common Stock subject to your option and your exercise price per share referenced in your Grant Notice may be adjusted from time to time for Capitalization Adjustments. 
  
 3. EXERCISE PRIOR TO VESTING (“EARLY
EXERCISE”). If permitted in your Grant Notice (i.e., the “Exercise Schedule” indicates that “Early Exercise” of your option is permitted) and subject to the provisions of your option, you may elect at any
time that is both (i) during the period of your Continuous Service and (ii) during the term of your option, to exercise all or part of your option, including the nonvested portion of your option; provided, however, that: 
  
 (a) a partial exercise of your option shall be deemed
to cover first vested shares of Common Stock and then the earliest vesting installment of unvested shares of Common Stock; 
  
 (b) any shares of Common Stock so purchased from installments that have not vested as of the date of exercise shall be subject to
the purchase option in favor of the Company as described in the Company’s form of Early Exercise Stock Purchase Agreement; 
  
 (c) you shall enter into the Company’s form of Early Exercise Stock Purchase Agreement with a vesting schedule that will
result in the same vesting as if no early exercise had occurred; and 
  
 (d) if your option is an Incentive Stock Option, then, to the extent that the aggregate Fair Market Value (determined at the time of grant) of the shares of Common Stock with respect to which your option plus
all other Incentive Stock Options you hold are exercisable for the first time by you during any calendar year (under all plans of the Company and its Affiliates) exceeds one hundred thousand dollars ($100,000), your option(s) or portions thereof

  

 1. 

 
that exceed such limit (according to the order in which they were granted) shall be treated as Nonstatutory Stock Options. 
  
 4. METHOD OF PAYMENT.
Payment of the exercise price is due in full upon exercise of all or any part of your option. You may elect to make payment of the exercise price in cash or by check or in any other manner permitted by your Grant Notice, which may
include one or more of the following: 
  
 (a)
In the Company’s sole discretion at the time your option is exercised and provided that at the time of exercise the Common Stock is publicly traded and quoted regularly in The Wall Street Journal, pursuant to a program developed
under Regulation T as promulgated by the Federal Reserve Board that, prior to the issuance of Common Stock, results in either the receipt of cash (or check) by the Company or the receipt of irrevocable instructions to pay the aggregate exercise
price to the Company from the sales proceeds. 
  
 (b) Provided that at the time of exercise the Common Stock is publicly traded and quoted regularly in The Wall Street Journal, by delivery of already-owned shares of Common Stock either that you have held for the period
required to avoid a charge to the Company’s reported earnings (generally six (6) months) or that you did not acquire, directly or indirectly from the Company, that are owned free and clear of any liens, claims, encumbrances or security
interests, and that are valued at Fair Market Value on the date of exercise. “Delivery” for these purposes, in the sole discretion of the Company at the time you exercise your option, shall include delivery to the Company of your
attestation of ownership of such shares of Common Stock in a form approved by the Company. Notwithstanding the foregoing, you may not exercise your option by tender to the Company of Common Stock to the extent such tender would violate the
provisions of any law, regulation or agreement restricting the redemption of the Company’s stock. 
  
 (c) Pursuant to the following deferred payment alternative: 
  
 (i) Not less than one hundred percent (100%) of the aggregate exercise price, plus accrued interest,
shall be due four (4) years from date of exercise or, at the Company’s election, upon termination of your Continuous Service. 
  
 (ii) Interest shall be compounded at least annually and shall be charged at the minimum rate of interest necessary to avoid (1) the
treatment as interest, under any applicable provisions of the Code, of any amounts other than amounts stated to be interest under the deferred payment arrangement and (2) the treatment of the Option as a variable award for financial accounting
purposes. 
  
 (iii) At any time that the
Company is incorporated in Delaware, payment of the Common Stock’s “par value,” as defined in the Delaware General Corporation Law, shall be made in cash and not by deferred payment. 
  
 (iv) In order to elect the deferred payment
alternative, you must, as a part of your written notice of exercise, give notice of the election of this payment alternative and, in order to secure the payment of the deferred exercise price to the Company hereunder, if the 

  

 2. 

 
Company so requests, you must tender to the Company a promissory note and a pledge agreement covering the purchased shares of Common Stock, both in form and
substance satisfactory to the Company, or such other or additional documentation as the Company may request. 
  
 5. WHOLE SHARES. You may exercise your option only for whole shares of Common Stock. 
  
 6. SECURITIES LAW
COMPLIANCE. Notwithstanding anything to the contrary contained herein, you may not exercise your option unless the shares of Common Stock issuable upon such exercise are then registered under the Securities Act or, if such shares
of Common Stock are not then so registered, the Company has determined that such exercise and issuance would be exempt from the registration requirements of the Securities Act. The exercise of your option also must comply with other applicable laws
and regulations governing your option, and you may not exercise your option if the Company determines that such exercise would not be in material compliance with such laws and regulations. 
  
 7. TERM. You may not exercise your option before the
commencement or after the expiration of its term. The term of your option commences on the Date of Grant and expires upon the earliest of the following: 
  
 (a) three (3) months after the termination of your Continuous Service for any reason other than your Disability or death, provided
that if during any part of such three (3) month period your option is not exercisable solely because of the condition set forth in Section 6, your option shall not expire until the earlier of the Expiration Date or until it shall have been
exercisable for an aggregate period of three (3) months after the termination of your Continuous Service; 
  
 (b) twelve (12) months after the termination of your Continuous Service due to your Disability; 
  
 (c) eighteen (18) months after your death if you die
either during your Continuous Service or within three (3) months after your Continuous Service terminates; 
  
 (d) the Expiration Date indicated in your Grant Notice; or 
  
 (e) the day before the tenth (10th) anniversary of the Date of Grant. 
  
 If your option is an Incentive Stock Option, note that to obtain the federal
income tax advantages associated with an Incentive Stock Option, the Code requires that at all times beginning on the date of grant of your option and ending on the day three (3) months before the date of your option’s exercise, you must be an
employee of the Company or an Affiliate, except in the event of your death or your permanent and total disability, as defined in Section 22(e) of the Code. (The definition of disability in Section 22(e) of the Code is different from the definition
of the Disability under the Plan). The Company has provided for extended exercisability of your option under certain circumstances for your benefit but cannot guarantee that your option will necessarily be treated as an Incentive Stock Option if you
continue to 

  

 3. 

 
provide services to the Company or an Affiliate as a Consultant or Director after your employment terminates or if you otherwise exercise your option more
than three (3) months after the date your employment with the Company or an Affiliate terminates. 
  
 8. EXERCISE. 
  
 (a) You may exercise the vested portion of your option (and the unvested portion of your option if your Grant Notice so permits)
during its term by delivering a Notice of Exercise (in a form designated by the Company) together with the exercise price to the Secretary of the Company, or to such other person as the Company may designate, during regular business hours, together
with such additional documents as the Company may then require. 
  
 (b) By exercising your option you agree that, as a condition to any exercise of your option, the Company may require you to enter into an arrangement providing for the payment by you to the Company of any tax
withholding obligation of the Company arising by reason of (1) the exercise of your option, (2) the lapse of any substantial risk of forfeiture to which the shares of Common Stock are subject at the time of exercise, or (3) the disposition of shares
of Common Stock acquired upon such exercise. 
  
 (c) If your option is an Incentive Stock Option, by exercising your option you agree that you will notify the Company in writing within fifteen (15) days after the date of any disposition of any of the shares of the Common Stock
issued upon exercise of your option that occurs within two (2) years after the date of your option grant or within one (1) year after such shares of Common Stock are transferred upon exercise of your option. 
  
 (d) By exercising your option you agree that you
shall not sell, dispose of, transfer, make any short sale of, grant any option for the purchase of, or enter into any hedging or similar transaction with the same economic effect as a sale, any shares of Common Stock or other securities of the
Company held by you, for a period of time specified by the managing underwriter(s) (not to exceed one hundred eighty (180) days) following the effective date of a registration statement of the Company filed under the Securities Act (the “Lock
Up Period”); provided, however, that nothing contained in this section shall prevent the exercise of a repurchase option, if any, in favor of the Company during the Lock Up Period. You further agree to execute and deliver such other
agreements as may be reasonably requested by the Company and/or the underwriter(s) that are consistent with the foregoing or that are necessary to give further effect thereto. In order to enforce the foregoing covenant, the Company may impose
stop-transfer instructions with respect to your shares of Common Stock until the end of such period. The underwriters of the Company’s stock are intended third party beneficiaries of this Section 8(d) and shall have the right, power and
authority to enforce the provisions hereof as though they were a party hereto. 
  
 9. TRANSFERABILITY. Your option is not transferable, except by will or by the laws of descent and distribution, and is exercisable during your life only by you. Notwithstanding the foregoing, by
delivering written notice to the Company, in a form satisfactory to the Company, you may designate a third party who, in the event of your death, shall thereafter be entitled to exercise your option. 
  

 4. 

 10. OPTION NOT A SERVICE
CONTRACT. Your option is not an employment or service contract, and nothing in your option shall be deemed to create in any way whatsoever any obligation on your part to continue in the employ of the Company or an Affiliate, or of
the Company or an Affiliate to continue your employment. In addition, nothing in your option shall obligate the Company or an Affiliate, their respective stockholders, Boards of Directors, Officers or Employees to continue any relationship that you
might have as a Director or Consultant for the Company or an Affiliate. 
  
 11. WITHHOLDING OBLIGATIONS. 
  
 (a) At the time you exercise your option, in whole or in part, or at any time thereafter as requested by the Company, you hereby authorize withholding from payroll and any other amounts payable to you, and
otherwise agree to make adequate provision for (including by means of a “cashless exercise” pursuant to a program developed under Regulation T as promulgated by the Federal Reserve Board to the extent permitted by the Company), any sums
required to satisfy the federal, state, local and foreign tax withholding obligations of the Company or an Affiliate, if any, which arise in connection with the exercise of your option. 
  
 (b) Upon your request and subject to approval by the Company, in its sole discretion, and compliance
with any applicable legal conditions or restrictions, the Company may withhold from fully vested shares of Common Stock otherwise issuable to you upon the exercise of your option a number of whole shares of Common Stock having a Fair Market Value,
determined by the Company as of the date of exercise, not in excess of the minimum amount of tax required to be withheld by law (or such lower amount as may be necessary to avoid variable award accounting). If the date of determination of any tax
withholding obligation is deferred to a date later than the date of exercise of your option, share withholding pursuant to the preceding sentence shall not be permitted unless you make a proper and timely election under Section 83(b) of the Code,
covering the aggregate number of shares of Common Stock acquired upon such exercise with respect to which such determination is otherwise deferred, to accelerate the determination of such tax withholding obligation to the date of exercise of your
option. Notwithstanding the filing of such election, shares of Common Stock shall be withheld solely from fully vested shares of Common Stock determined as of the date of exercise of your option that are otherwise issuable to you upon such exercise.
Any adverse consequences to you arising in connection with such share withholding procedure shall be your sole responsibility. 
  
 (c) You may not exercise your option unless the tax withholding obligations of the Company and/or any Affiliate are satisfied.
Accordingly, you may not be able to exercise your option when desired even though your option is vested, and the Company shall have no obligation to issue a certificate for such shares of Common Stock or release such shares of Common Stock from any
escrow provided for herein unless such obligations are satisfied. 
  
 12. NOTICES. Any notices provided for in your option or the Plan shall be given in writing and shall be deemed effectively given upon receipt or, in the case of notices delivered by mail by the Company to you, five (5)
days after deposit in the United States mail, postage prepaid, addressed to you at the last address you provided to the Company. 
  

 5. 

 13. GOVERNING PLAN DOCUMENT. Your option is subject
to all the provisions of the Plan, the provisions of which are hereby made a part of your option, and is further subject to all interpretations, amendments, rules and regulations, which may from time to time be promulgated and adopted pursuant to
the Plan. In the event of any conflict between the provisions of your option and those of the Plan, the provisions of the Plan shall control. 
  

 6.

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