Document:

EX-10.9

 Exhibit 10.9 

SITIME CORPORATION 

CHANGE OF CONTROL AND SEVERANCE AGREEMENT 

This Change of Control Severance Agreement (this “Agreement”) is made and entered into effective as of
                         (the “Effective Date”), by and between [name] (“Executive”) and SiTime Corporation,
a Delaware corporation (the “Company”). Certain capitalized terms used in this Agreement are defined in Section 1 below. 

RECITALS 

A.    It is expected that the Company from time to time will consider the possibility of a Change of Control. The Board of
Directors of the Company (the “Board”) recognizes that such consideration can be a distraction to Executive and can cause Executive to consider alternative employment opportunities. 

B.    The Board believes that it is in the best interests of the Company and its shareholders to provide Executive with an
incentive to continue his employment and to maximize the value of the Company upon a Change of Control for the benefit of its shareholders. 

C.    In order to provide Executive with enhanced financial security and sufficient encouragement to remain with the
Company notwithstanding the possibility of a Change of Control, the Board believes that it is imperative to provide Executive with certain severance and other benefits upon Executive’s termination of employment in connection with a Change of
Control. 
 D.    The Board also believes it is in the best interests of the Company and its shareholders to provide
Executive with severance upon involuntary termination other than in connection with a Change of Control. 
 AGREEMENT 

In consideration of the mutual covenants herein contained and the continued employment of Executive by the Company, the parties agree as
follows: 
 1.    Definition of Terms. The following terms referred to in this Agreement shall have the following
meanings: 
 (a)    Cause. “Cause” shall mean Executive’s (i) commission of a felony, an act
involving moral turpitude, or an act constituting common law fraud, and which has a material adverse effect on the business or affairs of the Company or its affiliates or stockholders; (ii) intentional or willful misconduct or refusal to follow
the lawful instructions of the Board or Chief Executive Officer that is not cured within thirty (30) days following written notice from the Board or Chief Executive Officer; or (iii) intentional breach of Company confidential information
obligations which has an adverse effect on the Company or its affiliates or 

  
 1 

 
stockholders. For these purposes, no act or failure to act shall be considered “intentional or willful” unless it is done, or omitted to be done, in bad faith without a reasonable
belief that the action or omission is in the best interests of the Company. 
 (b)    Change of Control.
“Change of Control” shall mean the occurrence of any of the following events: 
 (i)    the approval by the
shareholders of the Company of a plan of complete liquidation or dissolution of the Company or the closing of a sale or disposition by the Company of all or substantially all of the Company’s assets, other than a sale or disposition to a
subsidiary of the Company or to an entity, the voting securities of which are owned by the stockholders of the Company in substantially the same proportions as their ownership of the Company’s voting securities immediately prior to such sale or
disposition; 
 (ii)    a merger or consolidation of the Company with any other corporation, other than a merger or
consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent directly or indirectly (either by remaining outstanding or by being converted into voting securities of the
surviving entity) more than fifty percent (50%) of the total voting power represented by the voting securities of the Company or such surviving entity outstanding immediately after such merger or consolidation; 

(iii)    any “person” (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934,
as amended) becoming the “beneficial owner” (as defined in Rule 13d-3 under said Act), directly or indirectly, of securities of the Company representing fifty percent (50%) or more of the total
voting power represented by the Company’s then outstanding voting securities; or 
 (iv)    a change in the
composition of the Board, as a result of which fewer than a majority of the directors are Incumbent Directors. “Incumbent Directors” shall mean directors who either (A) are directors of the Company as of the date hereof or
(B) are elected, or nominated for election, to the Board with the affirmative votes of at least a majority of those directors whose election or nomination was not in connection with any transactions described in subsections (i), (ii) or (iii),
or in connection with an actual or threatened proxy contest relating to the election of directors of the Company. 
 Notwithstanding the
foregoing, the term “Change of Control” shall not be deemed to have occurred if the Company files for bankruptcy protection, or if a petition for involuntary relief is filed against the Company. 

(c)    Disability. “Disability” shall mean “disability” within the meaning of
Section 22(e)(3) of the Code 
 (d)    Equity Award. “Equity Award” shall mean Executive’s
awards of options, stock appreciation rights, restricted shares or stock units with respect to the Company or its successor, or the direct or indirect parent of either, or of any deferred compensation into which such stock options, stock
appreciation rights, restricted shares or stock units were converted upon or prior to a Change of Control. 

  
 2 

 (e)    Involuntary Termination. “Involuntary
Termination” shall mean: 
 (i)    Without Executive’s express written consent, the assignment to Executive
of duties or responsibilities inconsistent with Executive’s education and experience; 
 (ii)    without
Executive’s express written consent, a reduction by the Company of Executive’s base compensation of more than ten percent (10%), unless such reduction in base compensation is part of a general reduction in compensation applicable to senior
executives of the Company; 
 (iii)    without Executive’s express written consent, the relocation of
Executive’s principal place of employment to a facility or a location more than fifty (50) miles from its location as of the Effective Date or, on or following a Change of Control, from its location immediately prior to such Change of
Control; 
 (iv)    any termination of Executive by the Company which is not effected for Cause; or 

(v)    the failure of the Company to obtain the assumption of this Agreement or any other agreement between the Company
and Executive by any successors contemplated in Section 10 below. 
 A termination shall not be considered an “Involuntary
Termination” unless Executive provides notice to the Company of the existence of the condition described in subsections (i), (ii), (iii) or (v) above within ninety (90) days of the initial existence of such condition, the Company
fails to remedy the condition within thirty (30) days following the receipt of such notice, and Executive terminates employment within one-hundred eighty (180) days following the initial existence of
such condition. A termination due to death or disability shall not be considered an Involuntary Termination. 

(f)    Termination Date. “Termination Date” shall mean Executive’s “separation from
service” within the meaning of that term under Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”). 

2.    Term of Agreement. This Agreement shall terminate upon the date that all obligations of the parties hereto
under this Agreement have been satisfied. 
 3.    At-Will Employment.
The Company and Executive acknowledge that Executive’s employment is and shall continue to be at-will, as defined under applicable law. 

4.    Involuntary Termination in Connection with a Change of Control. If Executive’s employment with the
Company terminates as a result of an Involuntary Termination either on or at any time within twelve months (12) months after a Change of Control, or within three (3) months prior to a Change of Control, and Executive signs and does not
revoke a release in a form 

  
 3 

 
approved by the Company (a “Release”) that has become irrevocable within sixty (60) days following the later of the Change of Control or the Termination Date, then Executive
shall be entitled to the following severance benefits: 
 (a)    100% of the sum of Executive’s annual base salary
(as in effect prior to any reduction that constitutes a basis for Involuntary Termination pursuant to this Agreement) plus annual target bonus as in effect on the Termination Date, payable in a lump sum on the sixtieth (60th) day following the later
of the Termination Date or the Change of Control, subject to Section 9 below; 
 (b)    any earned but unpaid
annual bonus for any annual bonus period which had ended prior to the Termination Date, which amount shall be paid at such time as annual bonuses are paid to other senior executives of the Company; 

(c)    all of Executive’s outstanding Equity Awards will become fully vested and exercisable; provided, however, that
notwithstanding any contrary term of the Equity Award agreement, if Executive is entitled to accelerated vesting under this Section 4 as a result of an Involuntary Termination within three (3) months prior to a Change of Control:
(1) the portion of the Equity Award subject to such accelerated vesting shall not be forfeited or terminated upon the Termination Date pending the Change of Control, (2) the accelerated vesting shall be deemed to take place immediately
prior to the effective date of the Change of Control, and (3) the period within which the Equity Award may be exercised following the Termination Date, if applicable, will expire no less than one (1) month following the effective date of
the Change of Control (but no later than the expiration of the term of the Equity Award); and 
 (d)    if Executive so
elects and pays to continue health insurance under the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended, or corresponding provision of state law (“COBRA”), then beginning in the month following the Termination Date (or if
later, the date the Release becomes irrevocable, with a catch-up payment for payments deferred pending the irrevocability of the Release), Company will pay Executive’s monthly COBRA premium costs up to
the monthly amount the Company was paying as the employer-portion of premium contributions for health coverage for Executive and Executive’s eligible dependents immediately before the Termination Date, until the earlier of: (1) the end of
the twelve (12)-month period following the Termination Date or (2) the date Executive or Executive’s eligible dependents lose eligibility for COBRA continuation coverage. The period of such Company-paid COBRA continuation coverage shall be
considered part of Executive’s (and Executive’s eligible dependents’) COBRA coverage entitlement period. Executive will be solely responsible for timely electing such continuation coverage for Executive and Executive’s eligible
dependents. Any increase in the premium contribution and/or in the number of covered dependents by Executive during the period that Executive continues in the Company’s health insurance benefit plans or receives company-paid COBRA continuation
coverage will be at Executive’s own expense. 
 5.    Involuntary Termination Apart from a Change of
Control. If Executive’s employment with the Company terminates as a result of an Involuntary Termination that occurs more than three (3) months prior to a Change of Control, and Executive signs and does not revoke a Release that has
become irrevocable within sixty (60) days following the Termination Date, then Executive shall be entitled to the following severance benefits: 

(a)    50% of the sum of Executive’s annual base salary (as in effect prior to any reduction that constitutes a basis
for Involuntary Termination pursuant to this Agreement), payable in a lump sum on the sixtieth (60th) day following the Termination Date, subject to Section 9 below; 

  
 4 

 (b)    any earned but unpaid annual bonus for any annual bonus period
which had ended prior to the Termination Date, which amount shall be paid at such time as annual bonuses are paid to other senior executives of the Company; and 

(c)    if Executive so elects and pays to continue health insurance under COBRA, then beginning in the month following the
Termination Date (or if later, the date the Release becomes irrevocable, with a catch-up payment for payments deferred pending the irrevocability of the Release), Company will pay Executive’s monthly
COBRA premium costs up to the monthly amount the Company was paying as the employer-portion of premium contributions for health coverage for Executive and Executive’s eligible dependents immediately before the Termination Date, until the
earlier of: (1) the end of the six (6)-month period following the Termination Date or (2) the date Executive or Executive’s eligible dependents lose eligibility for COBRA continuation coverage. The period of such Company-paid COBRA
continuation coverage shall be considered part of Executive’s (and Executive’s eligible dependents’) COBRA coverage entitlement period. Executive will be solely responsible for timely electing such continuation coverage for Executive
and Executive’s eligible dependents. Any increase in the premium contribution and/or in the number of covered dependents by Executive during the period that Executive continues in the Company’s health insurance benefit plans or receives
company-paid COBRA continuation coverage will be at Executive’s own expense. 
 6.    Mutually Exclusive
Benefits. For the avoidance of doubt, the benefits afforded under Sections 4 and 5 are mutually exclusive. If Executive has an Involuntary Termination within three months prior to a Change of Control and becomes entitled to cash severance
pursuant to Section 4, but already received cash severance pursuant to Section 5, the amount of the cash severance payable pursuant to Section 4 shall be offset by the amount already paid, subject to compliance with Section 409A
of the Code. 
 7.    Accrued Wages and Vacation; Expenses. If Executive’s employment with the Company
terminates, without regard to the reason for, or the timing of, Executive’s termination of employment, then (i) the Company shall pay Executive any unpaid wages due for periods prior to the Termination Date; (ii) the Company shall pay
Executive all of Executive’s accrued and unused vacation through the Termination Date; and (iii) following submission of proper expense reports by Executive, the Company shall reimburse Executive for all expenses reasonably and necessarily
incurred by Executive in connection with the business of the Company prior to the Termination Date. These payments shall be made promptly upon termination and within the period of time mandated by law. 

8.    Limitation on Payments. In the event that the severance and other benefits provided for in this Agreement or
otherwise payable to Executive (i) constitute “parachute payments” within the meaning of Section 280G of the Code and (ii) would be subject to the excise tax imposed by Section 4999 of the Code (the “Excise
Tax”), then Executive’s benefits under this Agreement shall be either: 
 (a)    delivered in full or 

  
 5 

 (b)    delivered as to such lesser extent which would result in no
portion of such benefits being subject to the Excise Tax, 
 whichever of the foregoing amounts, taking into account the applicable federal, state and local
income taxes and the Excise Tax, results in the receipt by Executive on an after-tax basis, of the greatest amount of benefits, notwithstanding that all or some portion of such benefits may be taxable under
Section 4999 of the Code. 
 Unless the Company and Executive otherwise agree in writing, any determination required under this
Section 8 shall be made in writing by the Company’s independent public accountants (the “Accountants”), whose determination shall be conclusive and binding upon Executive and the Company for all purposes. For purposes of making
the calculations required by this Section 8, the Accountants may make reasonable assumptions and approximations concerning applicable taxes and may rely on reasonable, good faith interpretations concerning the application of Sections 280G and
4999 of the Code. The Company and Executive shall furnish to the Accountants such information and documents as the Accountants may reasonably request in order to make a determination under this Section 8. The Company shall bear all costs the
Accountants may reasonably incur in connection with any calculations contemplated by this Section 8. In the event that a reduction is required, the reduction shall be applied first to any benefits that are not subject to Section 409A of
the Code, and then shall be applied to benefits (if any) that are subject to Section 409A of the Code, with the benefits payable latest in time subject to reduction first. 

9.    Section 409A; Delayed Commencement of Benefits. Notwithstanding any provision to the contrary in this
Agreement, no cash severance and no Company-paid health care coverage to which Executive otherwise becomes entitled under this Agreement shall be made or provided to Executive prior to the earlier of (i) the expiration of the six (6)-month
period measured from the Termination Date or (ii) the date of Executive’s death, if Executive is deemed on the Termination Date to be a “specified employee” within the meaning of that term under Code Section 409A and such
delayed commencement is otherwise required in order to avoid a prohibited distribution under Code Section 409A(a)(2). Upon the expiration of the applicable Code Section 409A(a)(2) deferral period, all payments and benefits deferred
pursuant to this Section 9 (whether they would have otherwise been payable in a single sum or in installments in the absence of such deferral) shall be paid or reimbursed to Executive in a lump sum, and any remaining payments and benefits due
under this Agreement shall be paid or provided in accordance with the normal payment dates specified for them herein. Executive shall be entitled to interest on the deferred benefits and payments for the period the commencement of those benefits and
payments is delayed by reason of Code Section 409A(a)(2), with such interest to accrue at the prime rate in effect from time to time during that period and to be paid in a lump sum upon the expiration of the deferral period. Each installment
payment under Sections 4 or 5 shall be considered a separate payment for purposes of Code Section 409A. 

  
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 10.    Successors. 

(a)    Company’s Successors. Any successor to the Company (whether direct or indirect and whether by purchase,
lease, merger, consolidation, liquidation or otherwise) to all or substantially all of the Company’s business and/or assets shall assume the Company’s obligations under this Agreement and agree expressly to perform the Company’s
obligations under this Agreement in the same manner and to the same extent as the Company would be required to perform such obligations in the absence of a succession. For all purposes under this Agreement, the term “Company” shall include
any successor to the Company’s business and/or assets which executes and delivers the assumption agreement described in this subsection (a) or which becomes bound by the terms of this Agreement by operation of law. 

(b)    Executive’s Successors. Without the written consent of the Company, Executive shall not assign or
transfer this Agreement or any right or obligation under this Agreement to any other person or entity. Notwithstanding the foregoing, the terms of this Agreement and all rights of Executive hereunder shall inure to the benefit of, and be enforceable
by, Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. 

11.    Notices. 

(a)    General. Notices and all other communications contemplated by this Agreement shall be in writing and shall be
deemed to have been duly given when personally delivered or when mailed by U.S. registered or certified mail, return receipt requested and postage prepaid. In the case of Executive, mailed notices shall be addressed to him at the home address which
he most recently communicated to the Company in writing. In the case of the Company, mailed notices shall be addressed to its corporate headquarters, and all notices shall be directed to the attention of its Secretary. 

(b)    Notice of Termination. Any termination by the Company for Cause or by Executive as a result of an
Involuntary Termination shall be communicated by a notice of termination to the other party hereto given in accordance with this Section 11. Such notice shall indicate the specific termination provision in this Agreement relied upon, shall set
forth in reasonable detail the facts and circumstances claimed to provide a basis for termination under the provision so indicated, and shall specify the Termination Date (which shall be not more than thirty (30) days after the giving of such
notice). The failure by Executive to include in the notice any fact or circumstance which contributes to a showing of Involuntary Termination shall not waive any right of Executive hereunder or preclude Executive from asserting such fact or
circumstance in enforcing his rights hereunder, subject to the requirements of Section 1(c). 

12.    Arbitration. Any controversy involving the construction or application of any terms, covenants or conditions
of this Agreement, or any claims arising out of any alleged breach of this Agreement, will be governed by the rules of the American Arbitration Association and submitted to and settled by final and binding arbitration in Santa Clara County,
California, except that any alleged breach of Executive’s confidential information obligations shall not be submitted to arbitration and instead the Company may seek all legal and equitable remedies, including without limitation, injunctive
relief. 

  
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 13.    Miscellaneous Provisions. 

(a)    No Duty to Mitigate. Executive shall not be required to mitigate the amount of any payment contemplated by
this Agreement, nor shall any such payment be reduced by any earnings that Executive may receive from any other source. 

(b)    Waiver. No provision of this Agreement may be modified, waived or discharged unless the modification, waiver
or discharge is agreed to in writing and signed by Executive and by an authorized officer of the Company (other than Executive). No waiver by either party of any breach of, or of compliance with, any condition or provision of this Agreement by the
other party shall be considered a waiver of any other condition or provision or of the same condition or provision at another time. 

(c)    Integration. This Agreement supersedes and replaces any prior agreements, representation or understandings,
whether written, oral, express or implied, between Executive and the Company and constitutes the entire agreement and understanding between the parties with respect to the subject matter hereof. 

(d)    Choice of Law. The validity, interpretation, construction and performance of this Agreement shall be
governed by the internal substantive laws, but not the conflicts of law rules, of the State of California. 

(e)    Severability. The invalidity or unenforceability of any provision or provisions of this Agreement shall not
affect the validity or enforceability of any other provision hereof, which shall remain in full force and effect. 

(f)    Employment Taxes. All payments made pursuant to this Agreement shall be subject to withholding of applicable
income and employment taxes. 
 (g)    Counterparts. This Agreement may be executed in counterparts, each of
which shall be deemed an original, but all of which together will constitute one and the same instrument. 
 * * * 

[SIGNATURE PAGE FOLLOWS] 

  
 8 

 IN WITNESS WHEREOF, each of the parties has executed this Agreement, in the case of the
Company by its duly authorized officer, as of the day and year first above written. 
  

							
	COMPANY:	 		 	SITIME CORPORATION
				
		 		 	By:	 	
                     
                                         
                              

		 		 	Name:	 	  

		 		 	Title:	 	  

			
	EXECUTIVE:	 		 	
			
		 		 	  

		 		 	Signature
			
		 		 	  

		 		 	Printed Name: [name]
		 		 	Title: [title]

  
 9EX-10.10

 Exhibit 10.10 

MEGACHIPS CORPORATION 

RESTRICTED STOCK UNIT PLAN 

Effective May 13, 2016 

 MEGACHIPS CORPORATION 

RESTRICTED STOCK UNIT PLAN 

TABLE OF CONTENTS 
  

									
	 	 	 	  	 	  	Page	 
	 1.
	 		  	 ESTABLISHMENT, PURPOSE AND TERM OF PLAN
	  	 	1	 
				
		 	 1.1.
	  	 Establishment of Plan
	  	 	1	 
		 	 1.2.
	  	 Purpose
	  	 	1	 
		 	 1.3.
	  	 Term of Plan
	  	 	1	 
				
	 2.
	 		  	 DEFINITIONS AND CONSTRUCTION
	  	 	1	 
				
		 	 2.1.
	  	 Definitions
	  	 	1	 
		 	 2.2.
	  	 Construction
	  	 	5	 
				
	 3.
	 		  	 ADMINISTRATION
	  	 	5	 
				
		 	 3.1.
	  	 Administration by the Board
	  	 	5	 
		 	 3.2.
	  	 Authority of Officers
	  	 	5	 
		 	 3.3.
	  	 Powers of the Board
	  	 	5	 
		 	 3.4.
	  	 Administration with Respect to Insiders
	  	 	6	 
		 	 3.5.
	  	 Indemnification
	  	 	6	 
				
	 4.
	 		  	 SHARES SUBJECT TO PLAN
	  	 	7	 
				
		 	 4.1.
	  	 Maximum Number of Shares Issuable
	  	 	7	 
		 	 4.2.
	  	 Adjustments for Changes in Capital Structure
	  	 	7	 
		 	 4.3.
	  	 Assumption or Substitution of Awards
	  	 	7	 
		 	 4.4.
	  	 Equitable Adjustment
	  	 	7	 
				
	 5.
	 		  	 ELIGIBILITY AND PARTICIPATION
	  	 	8	 
				
		 	 5.1.
	  	 Persons Eligible for Awards
	  	 	8	 
		 	 5.2.
	  	 Participation in the Plan
	  	 	8	 
				
	 6.
	 		  	 RESTRICTED STOCK UNIT AWARDS
	  	 	8	 
				
		 	 6.1.
	  	 Grant of Restricted Stock Units
	  	 	8	 
		 	 6.2.
	  	 Restricted Stock Unit Agreement
	  	 	8	 
		 	 6.3.
	  	 Other Restrictions
	  	 	8	 
		 	 6.4.
	  	 Voting Rights; Dividends and Distributions
	  	 	8	 
		 	 6.5.
	  	 Effect of Termination of Service
	  	 	8	 
		 	 6.6.
	  	 Nontransferability of Restricted Stock Unit Awards
	  	 	9	 
				
	 7.
	 		  	 STANDARD FORMS OF AWARD AGREEMENTS
	  	 	9	 
				
		 	 7.1.
	  	 Award Agreements
	  	 	9	 
		 	 7.2.
	  	 Authority to Vary Terms
	  	 	9	 
				
	 8.
	 		  	 CHANGE IN CONTROL
	  	 	9	 
		 	 8.1.
	  	 Effect of Change in Control on Awards
	  	 	9	 
		 	 8.2.
	  	 Federal Excise Tax Under Section 4999 of the Code
	  	 	10	 

  
 -i- 

 TABLE OF CONTENTS 

(continued) 
  

									
	 	 	 	  	 	  	Page	 
	 9.
	 		  	 TAX WITHHOLDING
	  	 	10	 
				
		 	 9.1.
	  	 Tax Withholding in General
	  	 	10	 
		 	 9.2.
	  	 Tax Withholding and Cash Award
	  	 	11	 
				
	 10.
	 		  	 COMPLIANCE WITH SECURITIES LAW
	  	 	11	 
				
	 11.
	 		  	 AMENDMENT OR TERMINATION OF PLAN
	  	 	11	 
				
	 12.
	 		  	 MISCELLANEOUS PROVISIONS
	  	 	12	 
				
		 	 12.1.
	  	 Forfeiture Events
	  	 	12	 
		 	 12.2.
	  	 Provision of Information
	  	 	12	 
		 	 12.3.
	  	 Rights as Employee, Consultant or Director
	  	 	12	 
		 	 12.4.
	  	 Rights as a Stockholder
	  	 	12	 
		 	 12.5.
	  	 Delivery of Title to Shares
	  	 	12	 
		 	 12.6.
	  	 Fractional Shares
	  	 	12	 
		 	 12.7.
	  	 Retirement and Welfare Plans
	  	 	12	 
		 	 12.8.
	  	 Severability
	  	 	13	 
		 	 12.9.
	  	 No Constraint on Corporate Action
	  	 	13	 
		 	 12.10.
	  	 Choice of Law and Forum Selection
	  	 	13	 
		 	 12.11.
	  	 Stockholder Approval
	  	 	13	 
		 	 12.12.
	  	 Employees Based Outside of the United States
	  	 	13	 

  
 -ii- 

 MEGACHIPS CORPORATION 

RESTRICTED STOCK UNIT PLAN 
  

	1.	 ESTABLISHMENT, PURPOSE AND TERM OF PLAN. 

1.1.    Establishment of Plan. The MegaChips Corporation Restricted Stock Unit Plan is hereby adopted
by the Board effective as of May 13, 2016 (the “Effective Date”). 

1.2.    Purpose. The purpose of the Plan is to attract and retain the best available personnel, to
provide additional incentives to officers, directors, employees, consultants and other independent contractors of the Company and other members of the Participating Company Group and to promote the success of the Company’s business. The Company
intends that securities issued pursuant to the Plan be exempt from requirements of registration and qualification of such securities pursuant to the exemptions afforded by Rule 701 promulgated under the Securities Act and Section 25102(o) of
the California Corporations Code or any other applicable exemptions, and the Plan shall be so construed. Further, the Company intends that Awards granted pursuant to the Plan be exempt from or comply with Section 409A of the Code (including any
amendments or replacements of such section), and the Plan shall be so construed. 
 1.3.    Term of Plan.
The Plan shall continue in effect until its termination by the Board; provided, however, that all Awards shall be granted, if at all, within ten (10) years from the Effective Date. 

 

	2.	 DEFINITIONS AND CONSTRUCTION. 

2.1.    Definitions. Whenever used herein, the following terms shall have their respective meanings set forth
below: 
 (a)    “Award” means a Restricted Stock Unit granted under the Plan. 

(b)    “Award Agreement” means a written or electronic agreement
between the Company and a Participant setting forth the terms, conditions and restrictions of the Award granted to the Participant. 

(c)    “Board” means the Board of Directors of the Company. If one or more Committees have
been appointed by the Board to administer the Plan, “Board” also means such Committee(s). 

(d)    “Cash Award” means an Award payable in cash to the Participant. 

(e)    “Change in Control” means, unless such term or an equivalent term is otherwise
defined by the applicable Award Agreement or other written agreement between the Participant and a Participating Company applicable to an Award, the occurrence of any of the following: 

(i)    an Ownership Change Event or a series of related Ownership Change Events (collectively, a
“Transaction”) in which the stockholders of the Company immediately before the Transaction do not retain immediately after the Transaction direct 

 
or indirect beneficial ownership of more than fifty percent (50%) of the total combined voting power of the outstanding securities entitled to vote generally in the election of Directors or, in
the case of an Ownership Change Event described in Section 2.1(q)(iii), the entity to which the assets of the Company were transferred (the “Transferee”), as the case may be; or 

(ii)    approval by the stockholders of a plan of complete liquidation or dissolution of the Company; 

provided, however, that a Change in Control shall be deemed not to include a transaction described in subsections (i) of this Section 2.1(e) in
which a majority of the members of the board of directors of the continuing, surviving or successor entity, or parent thereof, immediately after such transaction is comprised of Incumbent Directors. 

For purposes of the preceding sentence, indirect beneficial ownership shall include, without limitation, an interest resulting from ownership
of the voting securities of one or more corporations or other business entities which own the Company or the Transferee, as the case may be, either directly or through one or more subsidiary or other business entities. The Board shall have the right
to determine whether multiple sales or exchanges of the voting securities of the Company or multiple Ownership Change Events are related, and its determination shall be final, binding and conclusive. 

(f)    “Code” means the Internal Revenue Code of 1986, as amended, and any applicable
regulations and administrative guidelines promulgated thereunder. 
 (g)    “Committee”
means the compensation committee or other committee or subcommittee of the Board duly appointed to administer the Plan and having such powers as shall be specified by the Board. Unless the powers of the Committee have been specifically limited, the
Committee shall have all of the powers of the Board granted herein, including, without limitation, the power to amend or terminate the Plan at any time, subject to the terms of the Plan and any applicable limitations imposed by law. For any period
during which no such Committee is in existence, “Committee” means the Board, and all authority and responsibility assigned to the Committee under the Plan shall be exercised, if at all, by the Board. 

(h)    “Company” means MegaChips Corporation, a Japanese corporation, or any successor
corporation thereto. 
 (i)    “Consultant” means a person engaged to provide consulting
or advisory services (other than as an Employee or a Director) to a Participating Company, provided that the identity of such person, the nature of such services or the entity to which such services are provided would not preclude the Company from
offering or selling securities to such person pursuant to the Plan in reliance on either the exemption from registration provided by Rule 701 under the Securities Act or, if the Company is required to file reports pursuant to Section 13 or
15(d) of the Exchange Act, registration on a Form S-8 Registration Statement under the Securities Act. 

(j)    “Director” means a member of the Board. 

  
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 (k)    “Employee” means any person
treated as an employee (including an Officer or a Director who is also treated as an employee) in the records of a Participating Company; provided, however, that neither service as a Director nor payment of a director’s fee shall be sufficient
to constitute employment for purposes of the Plan. The Company shall determine in good faith and in the exercise of its discretion whether an individual has become or has ceased to be an Employee and the effective date of such individual’s
employment or termination of employment, as the case may be. For purposes of an individual’s rights, if any, under the terms of the Plan as of the time of the Company’s determination of whether or not the individual is an Employee, all
such determinations by the Company shall be final, binding and conclusive as to such rights, if any, notwithstanding that the Company or any court of law or governmental agency subsequently makes a contrary determination as to such individual’s
status as an Employee. 
 (l)    “Exchange Act” means the Securities Exchange Act of
1934, as amended. 
 (m)    “Fair Market Value” means, as of any date, the value of a
share of Stock or other property as determined by the Board, in its discretion, subject to the following: 

(i)    If, on such date, the Stock is listed or quoted on a national or regional securities exchange or
quotation system, the Fair Market Value of a share of Stock shall be the closing price of a share of Stock as quoted on the national or regional securities exchange or quotation system constituting the primary market for the Stock, as reported in
The Nikkei or such other source as the Company deems reliable. If the relevant date does not fall on a day on which the Stock has traded on such securities exchange or quotation system, the date on which the Fair Market Value shall be
established shall be the last day on which the Stock was so traded or quoted prior to the relevant date, or such other appropriate day as shall be determined by the Board, in its discretion. 

(ii)    If, on such date, the Stock is not listed or quoted on a national or regional securities exchange
or quotation system, the Fair Market Value of a share of Stock shall be as determined by the Board in good faith without regard to any restriction other than a restriction which, by its terms, will never lapse, and in a manner consistent with the
requirements of Section 409A of the Code. 
 (n)    “Incumbent
Director” means a director who either (i) is a member of the Board as of the Effective Date or (ii) is elected, or nominated for election, to the Board with the affirmative votes of at least a majority of the Incumbent
Directors at the time of such election or nomination (but excluding a director who was elected or nominated in connection with an actual or threatened proxy contest relating to the election of directors of the Company). 

(o)    “Insider” means an Officer, a Director or other person whose transactions in Stock
are subject to Article 166 of the Financial Instruments and Exchange Act of Japan. 

(p)    “Officer” means any person designated by the Board as an officer of the Company.

 (q)    “Ownership Change Event” means the occurrence of
any of the following with respect to the Company: (i) the direct or indirect sale or exchange in a single or series of related transactions by the stockholders of the Company of securities of the Company representing

  
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more than fifty percent (50%) of the total combined voting power of the Company’s then-outstanding securities entitled to vote generally in the election of Directors; (ii) a merger or
consolidation in which the Company is a party; or (iii) the sale, exchange, or transfer of all or substantially all of the assets of the Company (other than a sale, exchange or transfer to one or more subsidiaries of the Company). 

(r)    “Participant” means any eligible person who has been granted one or more Awards.

 (s)    “Participating Company” means the Company or any Subsidiary. As
of the Effective Date, SiTime Corporation is a Participating Company. 
 (t)    “Participating
Company Group” means, at any point in time, all entities collectively which are then Participating Companies. 

(u)    “Plan” means the MegaChips Corporation Restricted Stock Unit Plan. 

(v)    “Restricted Stock Unit Award” means an
Award of a Restricted Stock Unit pursuant to Section 6. 
 (w)    “Securities
Act” means the Securities Act of 1933, as amended. 
 (x)    “Service”
means a Participant’s employment or service with the Participating Company Group, whether as an Employee, a Director or a Consultant. Unless otherwise provided by the Board, a Participant’s Service shall not be deemed to have terminated
merely because of a change in the capacity in which the Participant renders such Service or a change in the Participating Company for which the Participant renders such Service, provided that there is no interruption or termination of the
Participant’s Service. Furthermore, a Participant’s Service shall not be deemed to have been interrupted or terminated if the Participant takes any military leave, sick leave, or other bona fide leave of absence approved by the Company.
However, unless otherwise provided by the Board, if any such leave taken by a Participant exceeds ninety (90) days, then on the ninety-first (91st) day following the commencement of such leave the Participant’s Service shall be deemed to
have terminated, unless the Participant’s right to return to Service is guaranteed by statute or contract. Notwithstanding the foregoing, unless otherwise designated by the Company or required by law, an unpaid leave of absence shall not be
treated as Service for purposes of determining vesting under the Participant’s Award Agreement. A Participant’s Service shall be deemed to have terminated either upon an actual termination of Service or upon the business entity for which
the Participant performs Service ceasing to be a Participating Company. Subject to the foregoing, the Company, in its discretion, shall determine whether the Participant’s Service has terminated and the effective date of and reason for such
termination. 
 (y)    “Stock” means the common stock of the Company, as adjusted from
time to time in accordance with Section 4.2. 
 (z)    “Subsidiary” means any
present or future subsidiary of the Company, as determined by the Board from time to time. 

  
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 (aa)    “Vesting
Conditions” mean those conditions established in accordance with the Plan prior to the satisfaction of which shares subject to an Award remain subject to forfeiture or a repurchase option in favor of the Company exercisable for
the Participant’s monetary purchase price, if any, for such shares upon the Participant’s termination of Service. 

2.2.    Construction. Captions and titles contained herein are for convenience only and shall not affect the
meaning or interpretation of any provision of the Plan. Except when otherwise indicated by the context, the singular shall include the plural and the plural shall include the singular. Use of the term “or” is not intended to be exclusive,
unless the context clearly requires otherwise. 
  

	3.	 ADMINISTRATION. 

3.1.    Administration by the Board. The Plan shall be administered by the Board. All questions of
interpretation of the Plan, of any Award Agreement or of any other form of agreement or other document employed by the Company in the administration of the Plan or of any Award shall be determined by the Board, and such determinations shall be
final, binding and conclusive upon all persons having an interest in the Plan or such Award, unless fraudulent or made in bad faith. Any and all actions, decisions and determinations taken or made by the Board in the exercise of its discretion
pursuant to the Plan or Award Agreement or other agreement thereunder (other than determining questions of interpretation pursuant to the preceding sentence) shall be final, binding and conclusive upon all persons having an interest therein. All
expenses incurred by the Company in connection with the administration of the Plan shall be paid by the Company. In addition, the Company shall pay annual fees (but not transaction fees) charged to a Participant by the Company’s designated
broker to maintain the Participant’s brokerage account for owning and selling the Stock once issued to the Participant under the Plan. 

3.2.    Authority of Officers. Any Officer of the Company shall have the authority to act on behalf of the
Company with respect to any matter, right, obligation, determination or election which is the responsibility of or which is allocated to the Company herein, provided the Officer has apparent authority with respect to such matter, right, obligation,
determination or election. 
 3.3.    Powers of the Board. In addition to any other powers set forth in
the Plan and subject to the provisions of the Plan and applicable law, the Board shall have the full and final power and authority, in its discretion: 

(a)    to determine the persons to whom, and the time or times at which, Awards shall be granted and the number of
shares of Stock to be subject to each Award; 
 (b)    to determine the terms, conditions and restrictions
applicable to each Award (which need not be identical) and any shares acquired pursuant thereto, including, without limitation, (i) the purchase price of shares pursuant to any Award, (ii) the method of payment for shares purchased
pursuant to any Award, (iii) the method for satisfaction of any tax withholding obligation arising in connection with any Award, including by the withholding or delivery of shares of Stock, (iv) the timing, terms and conditions of the
exercisability or vesting of any Award or any shares acquired pursuant thereto, (v) the time of expiration of any Award, (vi) the effect of any Participant’s termination of Service on any of the foregoing, and (vii) all other
terms, conditions and restrictions applicable to any Award or shares acquired pursuant thereto not inconsistent with the terms of the Plan; 

  
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 (c)    to approve one or more forms of Award Agreement; 

(d)    to amend, modify, extend, cancel or renew any Award or to waive any restrictions or conditions applicable to
any Award or any shares acquired pursuant thereto; 
 (e)    to accelerate, continue, extend or defer the vesting
of any Award or any shares acquired pursuant thereto, including with respect to the period following a Participant’s termination of Service; 

(f)    to prescribe, amend or rescind rules, guidelines and policies relating to the Plan, or to adopt sub-plans or supplements to, or alternative versions of, the Plan, including, without limitation, as the Board deems necessary or desirable to comply with the laws of, or to accommodate the tax policy, accounting
principles or custom of, jurisdictions whose citizens may be granted Awards; and 
 (g)    to correct any defect,
supply any omission or reconcile any inconsistency in the Plan or any Award Agreement and to make all other determinations and take such other actions with respect to the Plan or any Award as the Board may deem advisable to the extent not
inconsistent with the provisions of the Plan or applicable law. 
 3.4.    Administration with Respect to
Insiders. With respect to participation by Insiders in the Plan, at any time that any class of equity security of the Company is traded on the Tokyo Stock Exchange, the Plan shall be administered in compliance with the requirements, if any, of
Article 166 of the Financial Instruments Act of Japan and regulations promulgated thereunder. 

3.5.    Indemnification. In addition to such other rights of indemnification as they may have as members of
the Board or as Officers or Employees of the Participating Company Group, members of the Board and any Officers or Employees of the Participating Company Group to whom authority to act for the Board or the Company is delegated shall be indemnified
by the Company against all reasonable expenses, including attorneys’ fees, actually and necessarily incurred in connection with the defense of any action, suit or proceeding, or in connection with any appeal therein, to which they or any of
them may be a party by reason of any action taken or failure to act under or in connection with the Plan, or any right granted hereunder, and against all amounts paid by them in settlement thereof (provided such settlement is approved by independent
legal counsel selected by the Company) or paid by them in satisfaction of a judgment in any such action, suit or proceeding, except in relation to matters as to which it shall be adjudged in such action, suit or proceeding that such person is liable
for gross negligence, bad faith or intentional misconduct in duties; provided, however, that within sixty (60) days after the institution of such action, suit or proceeding, such person shall offer to the Company, in writing, the opportunity at
its own expense to handle and defend the same. 

  
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	4.	 SHARES SUBJECT TO PLAN. 

4.1.    Maximum Number of Shares Issuable. Subject to adjustment as provided in Section 4.2, the maximum
aggregate number of shares of Stock that may be issued under the Plan shall be 1.4755% of the total outstanding shares of Stock as of June 23, 2016 and shall consist of authorized but unissued or reacquired shares of Stock or any combination
thereof. Notwithstanding the foregoing, at any such time as the offer and sale of securities pursuant to the Plan is subject to compliance with Section 260.140.45 of Title 10 of the California Code of Regulations
(“Section 260.140.45”), the total number of shares of Stock issuable upon the exercise of all outstanding Awards (together with options outstanding under any other stock plan of the Company)
and the total number of shares provided for under any stock bonus or similar plan of the Company shall not exceed thirty percent (30%) (or such other higher percentage limitation as may be approved by the stockholders of the Company pursuant to
Section 260.140.45) of the then outstanding shares of the Company as calculated in accordance with the conditions and exclusions of Section 260.140.45. 

4.2.    Adjustments for Changes in Capital Structure. Subject to any required action by the stockholders of
the Company, the requirements of Sections 409A of the Code to the extent applicable, and any other applicable law, in the event of any change in the Stock effected without receipt of consideration by the Company, whether through merger,
consolidation, reorganization, reincorporation, recapitalization, reclassification, stock dividend, stock split, reverse stock split, split-up, split-off, spin-off, combination of shares, exchange of shares, or similar change in the capital structure of the Company, or in the event of payment of a dividend or distribution to the stockholders of the Company in a form
other than Stock (excepting regular, periodic cash dividends) that has a material effect on the fair market value of shares of Stock, appropriate and proportionate adjustments shall be made in the number and kind of shares subject to the Plan and to
any outstanding Awards, in order to prevent dilution or enlargement of Participants’ rights under the Plan. For purposes of the foregoing, conversion of any convertible securities of the Company shall not be treated as “effected without
receipt of consideration by the Company.” If a majority of the shares which are of the same class as the shares that are subject to outstanding Awards are exchanged for, converted into, or otherwise become shares of another corporation (the
“New Shares”), the Board may unilaterally amend the outstanding Awards to provide that such Awards are for New Shares. In the event of any such amendment, the number of shares subject to the outstanding Awards shall be
adjusted in a fair and equitable manner as determined by the Board, in its discretion. Any fractional share resulting from an adjustment pursuant to this Section shall be rounded down to the nearest whole number. Such adjustments shall be determined
by the Board, and its determination shall be final, binding and conclusive. 
 4.3.    Assumption or
Substitution of Awards. The Board may, without affecting the number of shares of Stock available pursuant to Section 4.1, authorize the issuance or assumption of benefits under this Plan in connection with any merger, consolidation,
acquisition of property or stock, or reorganization upon such terms and conditions as it may deem appropriate, subject to compliance with Section 409A and any other applicable provisions of the Code, and any other applicable law. 

4.4.    Equitable Adjustment. Notwithstanding Sections 4.2 and 4.3 above, in the event that an increase in
the number of shares is not permissible under applicable law, the Board may make an equitable adjustment so that the Participants shall enjoy the same economic benefit as prior to such changes in capital structure or reorganization. 

  
 -7- 

	5.	 ELIGIBILITY AND PARTICIPATION. 

5.1.    Persons Eligible for Awards. Awards may be granted only to Employees, Consultants and Directors. 

5.2.    Participation in the Plan. Awards are granted solely at the discretion of the Board. Eligible
persons may be granted more than one Award. However, eligibility in accordance with this Section shall not entitle any person to be granted an Award, or, having been granted an Award, to be granted an additional Award. 

 

	6.	 RESTRICTED STOCK UNIT AWARDS. 

6.1.    Grant of Restricted Stock Units. Subject to the terms and provisions of this Plan, the Committee, at
any time and from time to time, may grant Restricted Stock Units to Participants in such amounts as the Committee shall determine. Restricted Stock Units shall represent the right of a Participant to receive a share of Stock and a Cash Award at a
later date upon the satisfaction of such terms and conditions as are established by the Board. 

6.2.    Restricted Stock Unit Agreement. Each Restricted Stock Unit grant shall be evidenced by an Award
Agreement that shall specify the number of Restricted Stock Units granted, the term and nature of any restrictions and under what circumstances such restrictions shall lapse, and such other provisions as the Board shall determine. 

6.3.    Other Restrictions. The Board shall impose such other conditions and/or restrictions on any
Restricted Stock Units granted pursuant to this Plan as it may deem advisable including, without limitation, a requirement that Participants pay a stipulated purchase price for each Restricted Stock Unit, restrictions based upon the achievement of
specific performance goals, time-based restrictions on vesting following the attainment of the performance goals, time- based restrictions, restrictions under applicable laws or under the requirements of any stock exchange or market upon which such
shares of Stock are listed or traded, or holding requirements or sale restrictions placed on the shares of Stock by the Company upon vesting of such Restricted Stock Units. Restricted Stock Units shall be paid in cash, Stock, or a combination of
cash and Stock as the Board, in its sole discretion, shall determine. 
 6.4.    Voting Rights; Dividends and
Distributions. A Participant shall have no voting rights with respect to any Restricted Stock Units granted hereunder. Unless otherwise provided by the Board in the Award Agreement, a Participant shall not be entitled to any dividends or
distributions with respect to Awards of Restricted Stock Units until such time as the Participant receives Stock in connection with such Award. 

6.5.    Effect of Termination of Service. Unless otherwise provided by the Board in the Award Agreement
evidencing a Restricted Stock Unit Award, if a Participant’s Service terminates for any reason, whether voluntary or involuntary (including the Participant’s death or disability) prior to the satisfaction of the conditions associated with
the Award, then the Participant shall forfeit the Award to the Company for no consideration as of the date of the Participant’s termination of Service. 

  
 -8- 

 6.6.    Nontransferability of Restricted Stock Unit
Awards. Rights to receive shares of Stock pursuant to a Restricted Stock Unit Award shall not be subject in any manner to anticipation, alienation, sale, exchange, transfer, assignment, pledge, encumbrance or garnishment by creditors of the
Participant or the Participant’s beneficiary. 
  

	7.	 STANDARD FORMS OF AWARD AGREEMENTS. 

7.1.    Award Agreements. Each Award shall comply with and be subject to the terms and conditions set forth
in the appropriate form of Award Agreement approved by the Board and as amended from time to time. No Award or purported Award shall be a valid and binding obligation of the Company unless evidenced by a fully executed Award Agreement, which
execution may be evidenced by electronic means. 
 7.2.    Authority to Vary Terms. The Board shall have
the authority from time to time to vary the terms of any standard form of Award Agreement either in connection with the grant or amendment of an individual Award or in connection with the authorization of a new standard form or forms; provided,
however, that the terms and conditions of any such new, revised or amended standard form or forms of Award Agreement are not inconsistent with the terms of the Plan. 
  

	8.	 CHANGE IN CONTROL. 

8.1.    Effect of Change in Control on Awards. Subject to the requirements and limitations of
Section 409A of the Code, if applicable, and subject to other applicable law, the Board may provide for any one or more of the following: 

(a)    Accelerated Vesting. In its discretion, the Board may provide in the grant of any Award or at
any other time may take such action as it deems appropriate to provide for acceleration of the exercisability and/or vesting in connection with a Change in Control of each or any outstanding Award or portion thereof and shares acquired pursuant
thereto upon such conditions, including termination of the Participant’s Service prior to, upon, or following such Change in Control, and to such extent as the Board shall determine. 

(b)    Assumption, Continuation or Substitution of Awards. In the event of a Change in Control, the
surviving, continuing, successor, or purchasing corporation or other business entity or parent thereof, as the case may be (the “Acquiror”), may, without the consent of any Participant, assume or continue the Company’s
rights and obligations under each or any Award or portion thereof outstanding immediately prior to the Change in Control or substitute for each or any such outstanding Award or portion thereof a substantially equivalent award with respect to the
Acquiror’s stock. For purposes of this Section, if so determined by the Board, in its discretion, an Award or any portion thereof shall be deemed assumed if, following the Change in 

Control, the Award confers the right to receive, subject to the terms and conditions of the Plan and the applicable Award Agreement, for each
share of Stock subject to such portion of the Award immediately prior to the Change in Control, the consideration (whether stock, cash, other securities or property or a combination thereof) to which a holder of a share of Stock on the

  
 -9- 

 
effective date of the Change in Control was entitled (and if holders were offered a choice of consideration, the type of consideration chosen by the holders of a majority of the outstanding
shares of Stock); provided, however, that if such consideration is not solely common stock of the Acquiror, the Board may, with the consent of the Acquiror, provide for the consideration to be received upon the issuance of the Award for each share
of Stock to consist solely of common stock of the Acquiror equal in Fair Market Value to the per share consideration received by holders of Stock pursuant to the Change in Control. If any portion of such consideration may be received by holders of
Stock pursuant to the Change in Control on a contingent or delayed basis, the Board may, in its discretion, determine such Fair Market Value per share as of the time of the Change in Control on the basis of the Board’s good faith estimate of
the present value of the probable future payment of such consideration. Any Award or portion thereof which is assumed or continued by the Acquiror in connection with the Change in Control shall terminate and cease to be outstanding effective as of
the time of consummation of the Change in Control. Notwithstanding the foregoing, any consideration received pursuant to the Change in Control with respect to such shares shall continue to be subject to all applicable provisions of the Award
Agreement evidencing such Award except as otherwise provided in such Award Agreement. 
 8.2.    Federal
Excise Tax Under Section 4999 of the Code. 
 (a)    Excess Parachute
Payment. If any acceleration of vesting pursuant to an Award and any other payment or benefit received or to be received by a Participant would subject the Participant to any excise tax pursuant to Section 4999 of the Code due to the
characterization of such acceleration of vesting, payment or benefit as an “excess parachute payment” under Section 280G of the Code, then, provided such election would not subject the Participant to taxation under Section 409A
of the Code, the Participant may elect, in his or her sole discretion, to reduce the amount of any acceleration of vesting called for under the Award in order to avoid such characterization. 

(b)    Determination by Independent Accountants. To aid the Participant in making any election called
for under Section 8.2(a), no later than the date of the occurrence of any event that might reasonably be anticipated to result in an “excess parachute payment” to the Participant as described in Section 8.2(a), the Company shall
request a determination in writing by independent public accountants selected by the Company (the “Accountants”). As soon as practicable thereafter, the Accountants shall determine and report to the Company and the
Participant the amount of such acceleration of vesting, payments and benefits which would produce the greatest after-tax benefit to the Participant. For the purposes of such determination, the Accountants may
rely on reasonable, good faith interpretations concerning the application of Sections 280G and 4999 of the Code. The Company and the Participant shall furnish to the Accountants such information and documents as the Accountants may reasonably
request in order to make their required determination. The Company shall bear all fees and expenses the Accountants charge in connection with their services contemplated by this Section. 

 

	9.	 TAX WITHHOLDING. 

9.1.    Tax Withholding in General. The Company shall have the right to deduct from any and all payments made
under the Plan, or to require the Participant, through payroll withholding, cash payment or otherwise, to make adequate provision for, the federal, state, local 

  
 -10- 

 
and foreign taxes (including any social insurance tax), if any, required by law to be withheld by the Participating Company Group with respect to an Award or the Shares or the Cash Award acquired
pursuant thereto. 
 9.2.    Tax Withholding and Cash Award. The Company shall have the right, but not the
obligation, to deduct from the Cash Award issuable to a Participant upon the vesting of an Award, an amount equal to all or any part of the tax withholding obligations of the Participating Company Group. The Cash Award withheld to satisfy any such
tax withholding obligations shall not exceed the amount determined by the applicable minimum statutory withholding rates. In the event that the Cash Award is not sufficient to cover the tax withholding obligations of any Participating Company, the
Company may require a Participant to remit an amount equal to such tax withholding obligations to the Company in cash. 
  

	10.	 COMPLIANCE WITH SECURITIES LAW. 

The grant of Awards and the issuance of shares of Stock pursuant to any Award shall be subject to compliance with all applicable requirements
of federal, state and foreign law with respect to such securities and the requirements of any stock exchange or market system upon which the Stock may then be listed. In addition, no shares may be issued pursuant to an Award unless (a) a
registration statement under the Securities Act shall at the time of such issuance be in effect with respect to the shares issuable pursuant to the Award or (b) in the opinion of legal counsel to the Company, the shares issuable pursuant to the
Award may be issued in accordance with the terms of an applicable exemption from the registration requirements of the Securities Act and the applicable state securities laws. The inability of the Company to obtain from any regulatory body having
jurisdiction the authority, if any, deemed by the Company’s legal counsel to be necessary to the lawful issuance and sale of any shares hereunder shall relieve the Company of any liability in respect of the failure to issue or sell such shares
as to which such requisite authority shall not have been obtained. As a condition to issuance of any Stock, the Company may require the Participant to satisfy any qualifications that may be necessary or appropriate, to evidence compliance with any
applicable law or regulation and to make any representation or warranty with respect thereto as may be requested by the Company. 
  

	11.	 AMENDMENT OR TERMINATION OF PLAN. 

The Board may amend, suspend or terminate the Plan at any time. However, without the approval of the Company’s stockholders, there shall
be (a) no increase in the maximum aggregate number of shares of Stock that may be issued under the Plan and (b) no other amendment of the Plan that would require approval of the Company’s stockholders under any applicable law,
regulation or rule, including the rules of any stock exchange or quotation system upon which the Stock may then be listed or quoted. No amendment, suspension or termination of the Plan shall affect any then outstanding Award unless expressly
provided by the Board. Except as provided by the next sentence, no amendment, suspension or termination of the Plan may have a materially adverse effect on any then outstanding Award without the consent of the Participant. Notwithstanding any other
provision of the Plan or any Award Agreement to the contrary, the Board may, in its sole and absolute discretion and without the consent of any Participant, amend the Plan or any Award Agreement, to take effect retroactively or otherwise, as it
deems necessary or advisable for the purpose of conforming the Plan or such Award Agreement to any present or future law, regulation or rule applicable to the Plan, including, but not limited to, Section 409A of the Code. 

  
 -11- 

	12.	 MISCELLANEOUS PROVISIONS. 

12.1.    Forfeiture Events. The Board may specify in an Award Agreement that the Participant’s rights,
payments, and benefits with respect to an Award shall be subject to reduction, cancellation, forfeiture, or recoupment upon the occurrence of specified events, in addition to any otherwise applicable vesting or performance conditions of an Award.

 12.2.    Provision of Information. At least annually, copies of the Company’s balance sheet and
income statement for the just completed fiscal year shall be made available to each Participant and purchaser of shares of Stock upon the issuance of an Award; provided, however, that this requirement shall not apply if all offers and sales of
securities pursuant to the Plan comply with all applicable conditions of Rule 701 under the Securities Act. The Company shall not be required to provide such information to key persons whose duties in connection with the Company assure them access
to equivalent information. The Company shall deliver to each Participant such disclosures as are required in accordance with Rule 701 under the Securities Act. 

12.3.    Rights as Employee, Consultant or Director. No person, even though eligible pursuant to
Section 5, shall have a right to be selected as a Participant, or, having been so selected, to be selected again as a Participant. Nothing in the Plan or any Award granted under the Plan shall confer on any Participant a right to remain an
Employee, Consultant or Director or interfere with or limit in any way any right of a Participating Company to terminate the Participant’s Service at any time. To the extent that an Employee of a Participating Company other than the Company
receives an Award under the Plan, that Award shall in no event be understood or interpreted to mean that the Company is the Employee’s employer or that the Employee has an employment relationship with the Company. 

12.4.    Rights as a Stockholder. A Participant shall have no rights as a stockholder with respect to any
shares covered by an Award until the date of the issuance of such shares (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company). No adjustment shall be made for dividends,
distributions or other rights for which the record date is prior to the date such shares are issued, except as provided in Section 4.2 or another provision of the Plan. 

12.5.    Delivery of Title to Shares. Subject to any governing rules or regulations, the Company shall issue
or cause to be issued the shares of Stock acquired pursuant to an Award and shall deliver such shares to or for the benefit of the Participant by means of one or more of the following: (a) by delivering to the Participant evidence of book entry
shares of Stock credited to the account of the Participant or (b) by depositing such shares of Stock for the benefit of the Participant with any broker with which the Participant has an account relationship. 

12.6.    Fractional Shares. The Company shall not be required to issue fractional shares upon the settlement
of any Award. 
 12.7.    Retirement and Welfare Plans. Neither Awards made under this Plan nor shares of
Stock or Cash Award may be included as “compensation” for purposes of computing the 

  
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benefits payable to any Participant under any Participating Company’s retirement plans (both qualified and non-qualified) or welfare benefit plans
unless such other plan expressly provides that such compensation shall be taken into account in computing a Participant’s benefits. 

12.8.    Severability. If any one or more of the provisions (or any part thereof) of this Plan shall be held
invalid, illegal or unenforceable in any respect, such provision shall be modified so as to make it valid, legal and enforceable, and the validity, legality and enforceability of the remaining provisions (or any part thereof) of the Plan shall not
in any way be affected or impaired thereby. 
 12.9.    No Constraint on Corporate Action. Nothing in this
Plan shall be construed to: (a) limit, impair, or otherwise affect the Company’s or another Participating Company’s right or power to make adjustments, reclassifications, reorganizations, or changes of its capital or business
structure, or to merge or consolidate, or dissolve, liquidate, sell, or transfer all or any part of its business or assets; or (b) limit the right or power of the Company or another Participating Company to take any action which such entity
deems to be necessary or appropriate. 
 12.10.    Choice of Law and Forum Selection. Except to the extent
governed by applicable federal law, the validity, interpretation, construction and performance of the Plan and each Award Agreement shall be governed by the laws of the State of California, without regard to its conflict of law rules. Any action
brought to enforce any claim to obtain any benefit under the Plan will be litigated in Santa Clara County state court in California or the United States District Court for the Northern District of California and no other. 

12.11.    Stockholder Approval. The Plan or any increase in the maximum aggregate number of shares of Stock
issuable thereunder as provided in Section 4.1 (the “Authorized Shares”) shall be approved by two-thirds of the outstanding securities of the Company entitled to vote prior to the
first issuance of any security hereunder. 
 12.12.    Employees Based Outside of the United States.
Notwithstanding any provision of this Plan to the contrary, in order to comply with the laws in other countries in which the Company or other members of the Participating Company Group operate or have Employees, Directors and/or Consultants, the
Board, in its sole discretion, shall have the power and authority to: 
  

	 	(a)	 Determine which members of the Participating Company Group shall be covered by this Plan;

  

	 	(b)	 Determine which Employees, Directors and Consultants outside the United States are eligible to
participate in this Plan; 

  

	 	(c)	 Modify the terms and conditions of any Award granted to Employees, Directors and Consultants outside the
United States to comply with applicable foreign laws; 

  

	 	(d)	 Establish subplans and modify exercise procedures and other terms and procedures, to the extent such
actions may be necessary or advisable. Any subplans and modifications to Plan terms and procedures established under this Section 12.12 by the Board shall be attached to this Plan document as appendices; and 

  
 -13- 

	 	(e)	 Take any action, before or after an Award is made, that it deems advisable to obtain approval or comply
with any necessary local government regulatory exemptions or approvals. 

 Notwithstanding the above, the Board may not take any actions
hereunder, and no Awards shall be granted, that would violate applicable law. 
 IN WITNESS WHEREOF, the undersigned Secretary of the
Company certifies that the foregoing sets forth the MegaChips Corporation Restricted Stock Unit Plan as duly adopted by the Board on May 13, 2016. 
  

	
	 /s/ Fujii Masayuki

	Corporate Secretary

  
 -14-

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