Document:

EX-10.15

 Exhibit 10.15 

Integration and Purchase Agreement 
 This
Integration and Purchase Agreement (hereinafter the “Agreement”) is entered into as of March 15, 2019 (the “Effective Date”), by and between SiTime Corporation, a Delaware corporation, having its
principal place of business at 5451 Patrick Henry Drive, Santa Clara, California 95054, (“SiTime” or “Seller”) and MegaChips Corporation, a Japanese corporation, having its registered address at: 1-1-1, Miyahara, Yodogawa, Osaka 532-0003, Japan, (“MCC” or “Buyer”). Buyer and Seller each
may be referred to individually as a “Party” or collectively as the “Parties.” 
  

	 	1	 RECITALS 

WHEREAS, Buyer is engaged in, among other things, the business of developing, designing, manufacturing and selling integrated circuits and wafers in the
semiconductor marketplace; 
 WHEREAS, Seller is engaged in, among other things, the business of designing and manufacturing oscillators, timing chips, and
MEMS resonators; 
 WHEREAS, Buyer desires to design, develop, and produce (a) product line(s) (as defined in Exhibit B) that incorporate Buyer’s
CMOS die and SiTime’s MEMS Resonator (as defined in Exhibit A); and WHEREAS, the Parties desire to enter into an agreement whereby Seller will supply to Buyer (1) certain Resonators for use in Buyer’s products and (2) a license
to use certain Circuits with the Resonator; 
 NOW, THEREFORE, in consideration of the mutual covenants and agreements of the Parties set forth below, and
for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows: 
  

	 	2	 Scope of Agreement 

 

	 	2.1	 This Agreement applies solely to the supply of Seller’s MEMS resonator die product (the
“Resonator”) as described in Exhibit A and a license to use Seller’s proprietary circuits (the “Circuits”) as described in Exhibit E with the Resonator. Additional Seller MEMS resonators may be added to this Agreement by
applicable amendments executed by the Parties, setting forth any terms and conditions specific to such additional resonators. Consistent with the rights granted in Section 15.3, Buyer’s use of the Resonator, the Circuits, and corresponding
documentation is limited solely to the integration of the Resonator, or the Resonator and the Circuits into Buyer’s product family as specified in Exhibit B. While the Resonator can be used with any of Buyer’s product under the conditions
specified in Exhibit B, the Circuits can only be used in conjunction with a corresponding instance or instances of the Resonator. The Parties may subsequently agree to extend the terms and conditions of this Agreement to the supply of new resonator
products and/or integration of the Resonator into other Buyer products by executing additional written amendments hereto, expressly setting forth such intent and any additional or unique terms and conditions. 

 

	 	3	 Term of Agreement 

 

	 	3.1	 This Agreement shall begin on the Effective Date and shall continue until
March 15, 2025, unless terminated earlier in accordance with Section 17 (the “Initial Term”). After the initial term, this Agreement shall automatically renew until either Party decides to
terminate the agreement for convenience as described in Section 17.1. 

  

	 	4	 Exclusivity and Technology Access Fee 

Section intentionally deleted. 

 CONFIDENTIAL 

 

	 	5	 Non Recurring Expenses 

Circuit License and Support Fee. Buyer shall pay a one-time lump sum integration license fee (the
“Payment”) to SiTime in the amount of $200,000; provided, that SiTime shall deliver to Buyer the following deliverables by March 22, 2019: 
  

	 	a)	 Top level database (item 1 in Exhibit E) 

 

	 	b)	 Bandgap and level shifter high temp fix schematic (items 2 and 3 in Exhibit E) 

 

	 	c)	 MHz PLL database (item 4 In Exhibit E) 

The Payment is nonrefundable and shall be due within thirty (30) days of Buyer’s receipt of Seller’s invoice; provided, that Seller shall place
an invoice therefore by March 29, 2019 JST. 
 The support provided to Buyer by Seller under this Agreement will be for Buyer’s test chip
development as described in the scope of work in Exhibit D. Support outside the scope of this agreement will be invoiced by Seller to Buyer at a rate of $1,500 per man-day plus expenses; provided, that the
total amount Buyer needs to pay for such support must be mutually confirmed before such invoicing by and between Buyer and Seller. 
  

	 	6	 PRICING AND PAYMENTS 

 

	 	6.1	 Accepted Pricing. During the Initial Term, all of Buyer’s Purchase Orders (as defined in
Section 9.1) for Resonators that are accepted by Seller shall be billed at the prices set forth in the Exhibit A to this Agreement. During the Initial Term, Seller may negotiate new pricing in good faith triggered on a greater than 20% increase
in Seller’s total cost. 

  

	 	6.2	 Full Wafer Increments. Buyer acknowledges that Seller will ship Resonators to Buyer in full wafer
increments, and therefore Buyer and Seller agree that Seller will deliver to Buyer a number of wafers with no less than the quantity of Resonators ordered by Buyer on a given Purchase Order (for clarity, SiTime shall deliver no more than one
additional wafer beyond that necessary to meet the product quantity ordered by Buyer on a given Purchase Order). Buyer acknowledges and agrees that any excess Resonators so delivered shall be invoiced and paid for in accordance with this
Section 6. Minimum order quantities are defined in Exhibit A. 

  

	 	6.3	 Billings. All billings for any services in addition to those provided in Exhibit D provided under this
Agreement will be at the price indicated on the Seller’s official quote, based on the fixed man-day rate specified in Section 5, and shall be paid for in accordance with this Section 6.

  

	 	6.4	 Taxes. Unless otherwise specified or required by law, all prices will be quoted and amounts billed
exclusive of International duties, foreign taxes, US Federal, US State, and local excise, sales and similar taxes (“Taxes”). Any such Taxes imposed by any governmental authority on, or measured by, the transactions between Seller and Buyer
shall be paid by Buyer in addition to the prices invoiced, except: (i) taxes on the net income or net worth of Seller (but excluding any withholding taxes), and (ii) Taxes for which Buyer has provided to Seller prior to shipment a
certificate of exemption acceptable to both Seller and the appropriate taxing authority. 

  

	 	6.5	 Payment. Term of payment shall be net thirty (30) days from the date Buyer receives Seller’s
invoice. All payments by Buyer shall be made without deductions based on any taxes or withholdings. Seller reserves the right to require payment in advance or C.O.D (Cash On Delivery) and otherwise to modify credit terms based on the financial
condition of the Buyer; provided, that the Parties shall agree in advance to the detailed condition for Seller actually executing such reserved right. The foregoing shall in no way limit an/ other remedy available to Seller. 

  
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 CONFIDENTIAL 

 

	 	7	 FORECAST 

Starting in the Initial Term, Buyer shall provide Seller with a non-binding twelve (12) month rolling forecast, as
a reference for Seller, of the Buyer’s projected monthly demand for Resonators (the “Forecast”). These Forecasts will be provided quarterly before first mass production start and monthly after first mass production start. These
Forecasts are provided on a non-binding basis for planning purposes only and do not constitute any commitment to purchase or obligation to supply. 

 

	 	8	 LEAD TIMES 

The manufacturing lead time for Resonators is one hundred (100) days after the date of Seller’s acceptance of a Purchase Order (the “Lead
Time”). Lead Time may increase if ordered quantities are significantly above the average of the preceding six months of Buyer’s Forecast. 
  

	 	9	 PURCHASE ORDERS 

 

	 	9.1	 General. Buyer shall purchase Resonators by issuing a written or electronic purchase order signed (or
sent in the case of an electronic order) by an authorized representative of Buyer (a “Purchase Order”). All Purchase Orders are subject to approval and acceptance by Seller. Seller shall accept or reject such Purchase Orders within three
(3) business days from receipt thereof. Any Purchase Order is deemed to be accepted by Seller unless Seller provides any rejection in writing to such Purchase Order within a three (3) business day period. Unless explicitly accepted by
Seller in writing, all terms contained in Buyer’s purchase order that contradict or supplement the terms in this Agreement are hereby rejected. 

  

	 	9.2	 Last Time Buy. Buyer may also submit a Purchase Order to Seller representing Buyer’s last
time buy of Resonators from Seller as described in this Section 9.2 (“Last Time Buy Order”) upon Seller’s end-of-life of such Resonator or, if this
Agreement is terminated under Section 17.1, upon the termination of this Agreement. Unless otherwise agreed to by both Buyer and Seller, the Last Time Buy Order s limited to the greater of (a) four (4) times the amount of Resonators
actually purchased by Buyer in the quarter immediately preceding the submission of such Last Time Buy Order, or (b) the amount of Resonators actually purchased by Buyer in the twelve (12) months immediately preceding the date of submission
of the Last Time Buy Order. Seller agrees that Buyer may place the Purchase Order for such Last Time Buy below MOQ. 

  

	 	(i)	 If Seller elects to
end-of-life or otherwise permanently cease selling Resonators and not make available to Buyer a reasonably suitable replacement product, then Seller shall as soon as
reasonably possible, but in no event less than twelve (12) months before the end-of-life date, notify Buyer in writing and provide Buyer the opportunity to submit a
Last Time Buy Order. Such Last Time Buy Order shall be placed at least five (5) months prior to the end-of-life date for delivery within the following twelve
(12) months, or for such longer period as may be agreed in writing signed by the Parties. 

  

	 	(ii)	 If either Party elects to terminate this Agreement under Section 17.1, Buyer may place Purchase
Orders up to the date of termination and may also submit a Last Time Buy Order; provided that such Last Time Buy Order is submitted at least five (5) months prior to the date of termination of this Agreement for delivery within the twelve
(12) months immediately following the effective termination date, or for such longer period as may be agreed in writing signed by the Parties. 

  
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 CONFIDENTIAL 

 

	 	10	 DELIVERY DATE 

Delivery Dates (as defined below) will be set forth in the Purchase Order placed by Buyer based on Seller’s Lead Time for the Resonators. “Delivery
Date” shall mean the date set forth by Seller in Seller’s acknowledgment of Purchase Order acceptance for delivery of Resonators to Buyer at Seller’s factory (or its contract manufacturer’s facility) as further specified in
Section 11 below. If the Delivery Date in the Purchase Order acknowledgement to Buyer cannot be met, then Seller shall as soon as possible notify Buyer of the late delivery and will propose a revised Delivery Date, on the basis of discussions
with Buyer. 
  

	 	11	 SHIPPING, TITLE AND DELIVERY 

Unless otherwise agreed to in writing by Seller, all sales are made EX Works Seller’s factory or its contract manufacturer’s facility in accordance
with INCOTERMS 2010. Title to the Resonators passes to Buyer, and Seller’s liability to deliver ceases, when Seller places the goods at the disposal of Buyer at Seller’s or its contractor manufacturer’s factory in good condition.
Claims against Seller for shortages must be made within thirty (30) days after the date of delivery. Seller assumes no responsibility for delay, breakage or damage after the delivery of the ordered Resonators to Buyer or its agent designated by
Buyer at the premises of Seller or its contract manufacturer. 
  

	 	12	 ACCEPTANCE 

The Buyer shall accept or reject nonconforming Resonators within thirty (30) days after the date of delivery. Failure to notify Seller in writing of
nonconforming products within such period shall be deemed an unqualified acceptance. To receive credit for the return of goods rightfully rejected by Buyer, Buyer must complete a Return Material Authorization (RMA) form which documents the cause of
rejection or non-acceptance of the Resonators. Buyer may reject Resonators solely if such Resonator (i) fails to conform to Seller’s product warranty as set forth in Section 14 below,
(ii) fails to comply with the Quality Standards set forth in Exhibit G) or General Purchase Specification, (iii) exceeds the quantities ordered by Buyer, (iv) is an incorrect product, or (v) has visible damage noticed by Buyer
during incoming inspection. 
  

	 	13	 CANCELATION AND CHANGES OF PURCHASE ORDERS 

 

	 	13.1	 Rescheduled Purchase Orders. Except for Last Time Buy Orders, Buyer may reschedule any Purchase Order up
to one hundred (100) days before the Delivery Date by providing Seller with written notice, which will take effect immediately upon receipt and acknowledgement by Seller. In the event the Delivery Date of any Purchase Order is rescheduled or
delayed by Buyer more than one hundred (100) days, Seller may cancel the Purchase Order and the terms of Section 13.2 will apply. 

  

	 	13.2	 Cancellation of Purchase Orders. Buyer may cancel any Purchase Order placed hereunder, in whole or in
part, prior to shipment for its sole convenience, by giving written notice of cancellation to Seller. If the cancellation occurs after the Seller has begun to incur costs for the wafer lot related to the cancelled Purchase Order, Buyer shall be
invoiced by Seller as per the calculation by the Cancellation Charge Rate set forth in the following table and the price described on the Purchase Order actually issued by Buyer, or per using the nominal die per wafer value in Exhibit A, if there is
no Purchase Order placed by Buyer, to calculate the purchase price of each cancelled wafer: 

 [Cancellation Charge
Rate] 
  

			
	
Notice of Purchase Order Cancellation
	  	 Cancellation Charge

	 P/O Obtained ~ Before Wafer Start
	  	0% of purchase price
	 Wafer Start ~ Zero Mark
	  	30% of purchase price
	 RT Etch ~ HF Release
	  	50% of purchase price
	 EpiSeal ~ PCM Test
	  	80% of purchase price
	 Water Test Step ~ Pre-Shipment
	  	100% of purchase price

  
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 CONFIDENTIAL 

 

	 	14	 LIMITED WARRANTY AND DISCLAIMER 

 

	 	14.1	 Limited Warranty. Seller warrants that the Resonators delivered to Buyer shall in normal use conform in
all material respects to Seller’s final specifications agreed upon by the Parties for the Resonators and set forth in Exhibit F for a period of one (1) year plus thirty (30) days following the Delivery Date (the “Warranty
Period”). Seller shall not make changes to any specifications for the Resonators, or any changes to the process characteristics, that affect form, fit or function without Buyer’s prior written consent, which shall not be unreasonably
withheld. The foregoing warranty does not cover any nonconformity of, damage to, or defect in any Resonator that is caused in whole or in part by Buyer’s: (i) misuse or abuse including static discharge, neglect or accident,
(ii) unauthorized modification or repairs, (iii) soldering or alteration during assembly such that the Resonators are not capable of being tested by Seller under its normal test conditions, (iv) improper installation, storage,
handling, warehousing or transportation, or (v) being subjected to unusual physical, thermal, mechanical, vibrational, or electrical stress. Buyer shall cooperate in good faith, and provide all reasonable assistance necessary, to enable Seller
to make a final determination as to the existence or cause of any alleged defect. Buyer acknowledges and agrees that this limited warranty shall not apply to Seller products or units identified as
“Pre-production” units, which Buyer agrees are delivered “AS IS” and without any warranty, or right to recourse or credit of any kind whatsoever against Seller. 

 

	 	14.2	 Disclaimer of Warranties. THE FOREGOING WARRANTY IS MADE EXPRESSLY IN LIEU OF ALL OTHER WARRANTIES.
SELLER SPECIFICALLY DISCLAIMS ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, EITHER IN FACT OR BY OPERATION OF LAW. STATUTORY OR OTHERWISE. INCLUDING THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR USE OR A PARTICULAR PURPOSE, NONINFRINGEMENT AND
ANY IMPLIED WARRANTY ARISING FROM COURSE OF DEALING OR USAGE OF TRADE, AS WELL AS ANY COMMON-LAW DUTIES RELATING TO ACCURACY OR LACK OF NEGLIGENCE, WITH RESPECT TO THE RESONATORS, ANY OTHER SELLER PRODUCT OR
SERVICE, AND ANY PRODUCT DOCUMENTATION. 

  

	 	14.3	 EXCLUSIVE REMEDY. SELLER’S SOLE OBLIGATION TO BUYER HEREUNDER FOR RESONATORS FAILING TO MEET THE
LIMITED WARRANTY STATED ABOVE AND BUYER’S EXCLUSIVE REMEDY SHALL BE, AT SELLER’S DISCRETION ON THE BASIS OF BUYER’S DEMAND, TO REPLACE THE NONCONFORMING RESONATOR OR ISSUE BUYER CREDIT FOR THE PURCHASE PRICE PAID TO SELLER FOR THE
NONCONFORMING RESONATOR. This remedy is available only where within the Warranty Period: 1) Buyer provides Seller with written notice of the nonconformity, and 2) after Seller’s written authorization to do so, Buyer returns (in accordance with
the schedule agreed to by the Parties) the nonconforming Resonator to Seller, freight prepaid, and 3) Seller has determined that the Resonator is nonconforming and that such nonconformity is not a result of any of the exclusions identified in
Section 14.1 above. In no case are Resonators to be returned without first obtaining permission and a customer return order number from Seller, which Seller agrees to not unreasonably withhold. Notwithstanding the foregoing, in the case where
the Resonator’s nonconformity causes Buyer’s cost, such cost will be compensated by Seller to Buyer; provided, however, that such Seller’s liability will be limited in accordance with Section 19. UNLESS OTHERWISE AGREED BETWEEN
SELLER AND BUYER, SELLER NEITHER ASSUMES NOR AUTHORIZES ANY OTHER 

  
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 CONFIDENTIAL 

 

	 	
PERSON TO ASSUME FOR IT ANY OTHER LIABILITY IN CONNECTION WITH THE SALE, INSTALLATION OR USE OF ITS RESONATORS OR OTHER PRODUCTS AND SERVICES AND SELLER MAKES NO WARRANTY WHATSOEVER FOR PRODUCTS
NOT MANUFACTURED OR SERVICES NOT PROVIDED BY SELLER. 

  

	 	14.4	 BUYER’S RESPONSIBILITY. The Parties acknowledge and agree that Buyer has the sole responsibility
for final test and calibration of the Resonators, which includes proper design for testing of the ASICs and that the final test and calibration detect failures that are caused by, or attributable to, Buyer, its agents or contractors during further
processing and handling of the Resonators after Sellers outgoing inspection. This includes (but is not limited to) storage, packaging, test and calibration at Buyer’s factories and/or foundries. Seller shall not be responsible for any failures
that should have been detected by Buyer’s inline tests (SPC), at packaging, at final test and/or calibration. The Parties acknowledge and agree that the MEMS Resonators contain free standing, released mechanical structures with the purpose to
oscillate in a controlled fashion during proper operation. Common process steps such as (but not limited to) backgrinding, dicing, wire bonding, molding, package singulation, megasonic cleaning can destroy or induce failures of the structures if
improper process parameters are used. 

  

	 	15	 INDEMNIFICATION; INTELLECTUAL PROPERTY 

 

	 	15.1	 Seller’s Indemnification of Buyer: Subject to the limitations herein, Seller will defend any suit
or proceeding brought against Buyer to the extent it is based on a claim brought by a third party that the Resonator or Circuit furnished hereunder constitutes an infringement of the third party’s U.S., Canada, Germany, France, Italy,
Switzerland, United Kingdom, or Japan patent, copyright or trade secret (a “Claim”). Seller’s obligations are subject to Seller being notified promptly in writing and given full and complete control, authority, information and
assistance (at Seller’s expense) for defense of the Claim. Seller will pay damages and costs awarded against Buyer in such Claim, but shall not be responsible for any compromise or settlement made without its consent. In providing such defense,
or in the event that such Resonator or Circuit is held to constitute infringement and the use of the Resonator or Circuit is enjoined. Seller, in its discretion, shall procure the right for Buyer to continue using such Resonator or Circuit, or
modify it so that it becomes non-infringing, or accept its return and grant Buyer a credit for the depreciated value thereof. Seller’s obligations under this Section 15.1 do not apply to the Seller
Claim described in Section 15.2. The foregoing remedy is exclusive and constitutes Seller’s sole obligation for any claim of intellectual property infringement arising hereunder. 

 

	 	15.2	 Buyer’s Indemnification of Seller: Subject to the limitations herein, Buyer will defend any suit or
proceeding brought against Seller to the extent it is based on a claim brought by a third party that (1) Buyer’s Product design, specification and/or instruction, or (2) Buyer’s use of any Resonator or Circuit in combination with
other products, or (3) a manufacturing process of Buyer’s Product, constitutes an infringement of any U.S., Canada, Germany, France, Italy, Switzerland, United Kingdom, or Japan patent, copyright or trade secret (a “Seller
Claim”). Buyer’s obligations are subject to Buyer being notified promptly in writing and given full and complete control, authority, information and assistance (at Buyer’s expense) for defense of the Seller Claim. Buyer will pay
damages and costs awarded against Seller in such Seller Claim, but shall not be responsible for any compromise or settlement made without its consent. The foregoing remedy is exclusive and constitutes Buyer’s sole obligation for any claim of
intellectual property infringement arising hereunder. 

  

	 	15.3	 Intellectual Property Rights. 

 

	 	(a)	 Seller’s Intellectual Property Rights. Seller owns all right, title and interest in all
Intellectual Property Rights in and relating to the Resonators described in Exhibit A, the Circuits described in Exhibit E, and any improvements or modifications 

  
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 CONFIDENTIAL 

 

	 	
made by Seller thereof. Except as otherwise expressly stated herein, the sale of such Resonators does not convey any license by implication, estoppel or otherwise covering such Intellectual
Property Rights, the Resonator themselves, or any combinations of the Resonator with other equipment data or programs. Seller retains the copyright and trademark rights in all documents, catalogs and plans supplied to Buyer pursuant to or ancillary
to the sale of Resonators or services by Seller. Seller hereby grants to Buyer a royalty-free, world-wide, non-transferable, non-exclusive, irrevocable (except as
otherwise set forth in this Agreement) license (i) to use, have used, sell, lease or otherwise transfer the Resonators purchased and Circuit received by Buyer from Seller under this Agreement solely as part of Buyer’s Products specified in
Exhibit B; and (ii) to use and incorporate the MEMS process details set forth in the Integration Documentation (as defined in Section 16) solely as part of Buyer’s Products as specified in Exhibit B and solely for use in conjunction
with the Resonators purchased by Buyer from Seller. 

  

	 	(b)	 Buyer’s Intellectual Property Rights. Buyer owns all right, title and interest in all Intellectual
Property Rights in and relating to the Buyer’s Products as specified in Exhibit B being designed and developed by Buyer, and any improvements or modifications thereof, excluding the Resonators, the Circuits, and all Intellectual Property Rights
therein which are owned by Seller as described in the provision above. To the extent Buyer creates or improves any technology of the Resonators or the Circuits or of any of Seller’s Intellectual Property Rights that has an impact on the
performance or function of the Resonator (an “Improvement”), Buyer hereby grants to Seller a royalty-free, perpetual, world-wide, non-exclusive, irrevocable right and license to use, have used, sell,
offer for sale, import, make, have made, reproduce, distribute, lease, or otherwise transfer, each directly and indirectly, the Improvement. Circuit layout implementation such as GDS will not be considered an Improvement under this agreement.

  

	 	(c)	 Jointly Owned Intellectual Property Rights. Buyer and Seller shall jointly own all patents, copyrights,
trade secrets, know-how and other forms of intellectual property conceived or perfected jointly such that the Parties qualify as joint owners under the applicable intellectual property statutes (“Jointly
Owned IP”) and each Party hereby assigns to the other Party a one-half, undivided interest in the Jointly Owned IP. Any Patents (as defined below) or other registered rights issuing thereon shall be owned
jointly. Each Party has the right to independently exercise any and all rights of ownership without accounting to the other Party. Each party shall have the right to apply for registration of any Jointly Owned IP without the need for the consent of
the other Party; provided that if the other Party does not consent, the non-consenting Party will not share in the costs of such prosecution. Each Party will have the right to enforce the Jointly Owned IP
without the consent of the other party; provided that the non-consenting Party will not share in any damages, settlements, or awards resulting from such enforcement action. The foregoing rights relating to any
Jointly Owned IP specifically excludes and is subject to a Party’s rights in and to any pre-existing Intellectual Property Rights. 

 

	 	(d)	 Definition. “Intellectual Property Rights” shall mean any and all interest or
right protectable under the law of any country (including all statutory and/or common law rights throughout the world) as to any form of the following: (i) all patents and applications therefore and all reissues, divisions, renewals,
extensions, provisionals, continuations and continuations-in-part thereof (“Patents”); (ii) all inventions (whether patentable or not), invention disclosures
and improvements, trade secrets, proprietary information, know-how and technology; (iii) all works of authorship, “moral rights”, copyrights, and copyright registrations and applications;
(v) all industrial designs and any registrations and applications therefore; (vi) any similar, corresponding or equivalent rights to any of the foregoing; and (vii) all trade names, logos, trademarks and service marks, trademark and
service mark registrations and applications. 

  
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 CONFIDENTIAL 

 

	 	16	 CONFIDENTIALITY 

Each party (the “discloser”) may from time to time during the term of this Agreement disclose to the other party (the “recipient”) certain
information regarding the discloser’s business, including technical, marketing, financial, employee, planning, and other confidential or proprietary information (“Confidential Information”). The discloser will mark all Confidential
Information in tangible form as “confidential” or “proprietary” or with a similar legend. The discloser will identify all Confidential Information disclosed orally as confidential at the time of disclosure and provide a written
summary of such Confidential Information to the recipient within thirty (30) days after such oral disclosure. Regardless of whether so marked or identified, the following shall be deemed the Confidential Information of Seller: All MEMS process
details including but not limited to process flow, process specification, and process tools used, resonator or circuit design, design features and resonator or circuit specifications, design for test IP and know how (circuit and MEMS related) and
specifications thereof (collectively, the “Integration Documentation”). At a minimum, the recipient (i) agrees to maintain such Confidential Information in strict confidence and to limit disclosure of such Confidential Information on
a ‘need to know basis’ (as further described in this Section 16), (ii) shall take all reasonable precautions to prevent unauthorized disclosure of such Confidential Information, and (iii) shall treat such Confidential Information
as it treats its own information of a similar nature, but with no less than reasonable care. The foregoing obligations shall continue to apply until such Confidential Information becomes rightfully available to the public through no fault of the
recipient. The recipient will have no obligation to maintain the confidentiality of any Confidential Information that is independently developed by recipient without access to, or use of, the discloser’s Confidential Information. In addition,
the recipient will be allowed to disclose Confidential Information of the discloser solely to the extent that such disclosure is (A) approved in writing by the discloser; (B) necessary for the recipient to enforce its rights under this
Agreement in connection with a legal proceeding; or (C) required by law or by the order or a court of similar judicial or administrative body, provided that the recipient notifies the discloser of such required disclosure promptly and in
writing and cooperates with the discloser, at the discloser’s reasonable request and expense, in any lawful action to contest or limit the scope of such required disclosure. Neither Party shall disclose to any third party (except the other
Party’s employees and contractors, on a need to know basis) the other Party’s Confidential Information without such other Party’s prior written consent. Each Party shall ensure that all of its contractors who may have access to the
other Party’s Confidential Information are bound by written agreements containing restrictions on use and disclosure substantially similar to the confidentiality restrictions contained in this Agreement before being provided access to such
Confidential Information. The Parties shall not use any of the other Party’s Confidential Information for purposes other than those purposes that are necessary to directly further the purposes of this Agreement and, more specifically, Buyer
shall not use any of SiTime’s Integration Documentation for any purpose other than for the integration of the Resonators purchased and Circuit received by Buyer from Seller into Buyer’s Products as defined in Exhibit B. Employees and
contractors of each of the Parties who access the other Party’s facilities may be required to sign a separate access agreement consisting of reasonable terms and conditions to protect the accessed Confidential Information prior to admittance to
such facilities. Upon the earlier of (a) termination of this Agreement; and (b) request by the disclosing Party, each Party will return to the other Party all Confidential Information (including copies thereof) of the other Party, or,
pursuant to the other Party’s written instructions, destroy all materials in its possession containing Confidential Information of the other Party, and provide a certificate of destruction. Returned Confidential Information shall be shipped
freight collect. 
  

	 	17	 TERMINATION 

  

	 	17.1	 Termination for Convenience. Subject to the terms herein, either Party may terminate this Agreement, in
whole or in part, upon providing at least ninety (90) days advance written notice with reason to the other Party. Seller’s right to exercise its termination rights under this Section 17.1 shall not be available until the end of the
Initial Term or the conditions of Section 6.1. 

  
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 CONFIDENTIAL 

 

	 	17.2	 Termination for Cause. Either Party may suspend its performance and/or terminate this Agreement or any
Purchase Order immediately upon written notice to the other Party at any time if: 

  

	 	(i)	 The other Party is in material breach of any warranty, term, condition or covenant of this Agreement,
other than those contained in the confidentiality terms in Section 16 of this Agreement, and fails to cure that breach within thirty (30) days after written notice of that breach; 

 

	 	(ii)	 The other Party breaches the confidentiality terms in Section 16 of this Agreement; or

  

	 	(iii)	 The other Party: (a) fails to pay its debts or perform its obligations in the ordinary course of
business as they mature; (b) admits in writing its inability to pay its debts or perform its obligations as they mature; (c) dissolves, liquidates, or ceases to conduct business; or (d) makes an assignment for the benefit of
creditors. 

  

	 	17.3	 Effect of Termination 

 

	 	(i)	 Upon expiration or termination of this Agreement for any reason on Buyer’s circumstance. Buyer
shall pay for all services performed through the effective date of expiration or termination, including any service completed by Seller thereafter at Buyer’s request. Provided that this Agreement is not terminated pursuant to Section 17.2,
Seller shall deliver Resonators for which Purchase Orders were received prior to the date of expiration or termination. Buyer shall pay Seller, as described in this Agreement, for all Resonators delivered prior to or after the effective date of
expiration or termination of this Agreement. 

  

	 	(ii)	 Promptly upon the termination of this Agreement for any reason, the Parties shall return to the other
Party or destroy any and all Confidential Information in accordance with Section 16, provided, however, that Buyer may retain a copy of all specifications, models, as-built drawings or information, and
other technical data provided by Seller to Buyer for the sole purpose of enabling Buyer to support the Resonators incorporated into Buyer’s Products as defined in Exhibit A. All such information shall remain subject to the terms and conditions
of this Agreement including, without limitation. Section 16. 

  

	 	(iii)	 The following Sections shall survive any termination or expiration of this Agreement: 6 (“Pricing
and Payment”), 14 (“Limited Warranty and Disclaimer”), 15 (“Indemnification; Intellectual Property”), 16 (“Confidentiality”), 17.3 (“Effect of Termination”), 18 (“Contingencies”). 19
(“Limitation of Liability”), 20 (“Controlling Law”), 22 (“Dispute Resolution”), 23 (“General Legal”), 24 (“Import/Export”), and 25 (“Critical Use Exclusion Policy”). 

 

	 	18	 CONTINGENCIES 

Neither Party shall be responsible for any delays or failure to perform due to unforeseen circumstances or due to any cause beyond such Party’s reasonable
control. Examples of such causes are acts of war, riot, embargoes, acts of civil or military authorities, fire, floods, accidents, strikes, shortages of transportation facilities, fuel, labor or materials or any other causes beyond Seller’s
reasonable control. In the event of any delay caused by such contingency, the Delivery Date will be deferred for a period equal to the time of loss by reason of the delay and any necessary minimum recovery time acceptable to Buyer. 

 

	 	19	 LIMITATION OF LIABILITY 

EXCEPT FOR A PARTY’S BREACH OF SECTIONS 15.3 (“INTELLECTUAL PROPERTY RIGHTS”) OR 16 (“CONFIDENTIALITY”), AND FOR SELLER’S
OBLIGATIONS UNDER SECTION 15.1 (“SELLER’S INDEMNIFICATION OBLIGATIONS”) AND BUYER’S OBLIGATIONS UNDER SECTION 15.2 (“BUYER’S 

  
 -9- 

 CONFIDENTIAL 

 

 
INDEMNIFICATION OBLIGATIONS), (A) EACH PARTY’S TOTAL CUMULATIVE LIABILITY UNDER, OR FOR ANY BREACH OF, THIS AGREEMENT SHALL BE LIMITED TO THE TOTAL AMOUNT PAID OR OWED BY BUYER FOR ALL OF
ITS PURCHASES OF THE RESONATORS HEREUNDER UP TO A MAXIMUM OF THREE MILLION DOLLARS ($3,000,000); AND (B) IN NO EVENT SHALL EITHER PARTY BE LIABLE FOR COSTS OR PROCUREMENT OF SUBSTITUTE GOODS, LOSS OF PROFITS, LOSS OF REVENUE, LOSS OF BUSINESS
OR FOR ANY SPECIAL, CONSEQUENTIAL, INCIDENTAL OR OTHER INDIRECT DAMAGES, HOWEVER CAUSED, WHETHER FOR BREACH OF WARRANTY, STRICT LIABILITY, BREACH OF CONTRACT, REPUDIATION OF CONTRACTS, NEGLIGENCE, PRODUCTS LIABILITY, OR OTHERWISE. THIS LIMITATION
WILL APPLY EVEN IF ANY REMEDY FAILS OF ITS ESSENTIAL PURPOSE. NEITHER PARTY SHALL BE LIABLE FOR DAMAGES DUE TO DELAYS IN DELIVERABLES OR PERFORMANCE. THIS SECTION LIMITS EITHER PARTY’S LIABILITY FOR BODILY INJURY OF A PERSON OR DEATH TO FIFTEEN
MILLION DOLLARS ($15,000,000). THIS SECTION 19 DOES NOT LIMIT BUYER’S OBLIGATION TO PAY FOR ALL SERVICES AND RESONATORS PROVIDED BY SELLER TO BUYER UNDER THIS AGREEMENT. 
  

	 	20	 CONTROLLING LAW 

The terms and conditions contained herein shall be governed by and construed under the laws of the State of California without giving effect to any conflicts
of laws principles that require the application of the laws of a different jurisdiction. The United Nations Convention on Contracts for the International Sale of Goods does not apply to this Agreement. 

 

	 	21	 SECURITY 

Reserved. 
  

	 	22	 DISPUTE RESOLUTION 

The Parties shall use their best efforts to amicably resolve any dispute or claim arising out of or in connection with any terms and conditions contained
herein. If the Parties are unable to resolve such dispute or claim, such disputes or claim will be finally and exclusively resolved by arbitration in Santa Clara, California, USA through the service of the International Chamber of Commerce (ICC) in
accordance with the applicable international arbitration rules of ICC. The Parties hereby agree to expressly exclude application of the United Nations Convention on Contracts for the International Sale of Goods. 

 

	 	23	 GENERAL LEGAL 

 

	 	23.1	 The prevailing Party in any legal action brought by one Party against the other shall be entitled, in
addition to any other rights and remedies it may have, to reimbursement for its expenses incurred thereby, including court costs and reasonable attorneys’ fees. 

 

	 	23.2	 Each shipment made hereunder shall be considered a separate transaction. In the event of any default by
Buyer. Seller may decline to make further shipments. If Seller elects to continue to make shipments, such action shall not constitute a waiver of any default by Buyer or in any way affect Seller’s legal remedies for such default.

  

	 	23.3	 This Agreement constitutes the entire agreement between the Parties with respect to the matters covered
herein and supersedes all previous communications, whether oral or written. Any changes to this Agreement must be made only upon mutual agreement of the Parties in writing. The terms and conditions of this Agreement exclusively govern all
quotations, Purchase Orders and sales hereunder. 

  

	 	23.4	 In the event that any section of this Agreement is deemed unenforceable, the remaining sections shall
remain in force. 

  
 -10- 

 CONFIDENTIAL 

 

	 	23.5	 The parties acknowledge that they are independent contractors and no other relationship, including
partnership, joint venture, reseller, distributor, employment, franchise, master/servant or principal/agent is intended by this Agreement. Neither party shall have the right to bind or obligate the other party 

 

	 	24	 IMPORT/EXPORT 

 

	 	24.1	 Buyer agrees to comply with all applicable laws and regulations of the United States and of the
destination country. Buyer shall not sell, transfer, export or re-export Seller products or technical information without the applicable U.S. Government authorization, and Buyer will immediately notify Seller
if Buyer is listed on the Denied Persons List or its export privileges are otherwise denied, suspended or revoked in whole of in part by any U.S. Government entity or agency. Buyer warrants that it will not, in any form, export, re-export, resell, ship or divert or cause to be exported, re-exported, re-sold, shipped or diverted, directly or indirectly, any
product or technical data furnished hereunder, or the direct product of such technical data, to any country or to any foreign national or any country for which the United States Government requires an export license, or other approval, without first
obtaining such license or approval. Buyer assumes any risk or delay associated with compliance with the export controls or regulations and data transfers to and from the United States and any foreign destination. Buyer shall hold harmless and
Indemnify Seller for any damages resulting to such other Party from a breach of this paragraph by Buyer. 

  

	 	24.2	 Seller declares that it complies and will comply with any requirements of applicable export laws and
regulations of the United States and/or any other countries applicable to Resonators and Circuit; and warrants that it did not, does not, and will not, in any form, export, re-export, resell, ship or divert or
cause to be exported, re-exported, re-sold, shipped or diverted, directly or indirectly, any product or technical data furnished hereunder, or the direct product of such
technical data, to any country or areas for which the United States Government requires an export license, or other approval, without first obtaining such license or approval. Seller assumes any risk or delay associated with compliance with the
export controls or regulations and data transfers to and from the United States and any foreign destination. Seller shall hold harmless and indemnify Buyer for any damages resulting to such other Party from a breach of this paragraph by Seller.

  

	 	25	 CRITICAL USE EXCLUSION POLICY 

BUYER UNDERSTANDS AND ACKNOWLEDGES THAT RESONATORS SOLD BY SELLER ARE NOT SUITABLE OR INTENDED TO BE USED IN A LIFE SUPPORT APPLICATION OR COMPONENT, TO
OPERATE NUCLEAR FACILITIES, OR IN OTHER MISSION CRITICAL APPLICATIONS WHERE HUMAN LIFE MAY BE INVOLVED OR AT STAKE. BUYER AGREES NOT TO USE SELLER’S PRODUCTS FOR ANY APPLICATION OR AS OR IN ANY COMPONENTS USED IN LIFE SUPPORT DEVICES OR TO
OPERATE NUCLEAR FACILITIES OR FOR USE IN OTHER MISSION-CRITICAL APPLICATIONS OR COMPONENTS WHERE HUMAN LIFE OR PROPERTY MAY BE AT STAKE. ALL SALES ARE MADE CONDITIONED UPON BUYER’S COMPLIANCE WITH FOREGOING. 

 

	 	26	 QUALITY CONTROL AND AUDIT 

 

	 	26.1	 Seller will use commercially reasonable efforts to manufacture and deliver the Resonator per the
specification as set forth in Exhibit F and the General Purchase Specification (GPS) mutually agreed in writing between Seller and Buyer. 

  

	 	26.2	 If Seller discovers that Seller’s Products do not meet the General Purchase Specification, Seller
shall immediately take reasonable measures to ensure Seller’s Products meet the General Purchase Specification. 

  
 -11- 

 CONFIDENTIAL 

 

	 	26.3	 If Seller finds a process abnormality in its manufacturing process, which will adversely affect
(i) Buyer’s testing and packaging process or (ii) the quality of Buyer’s Products incorporating Seller’s Products, Seller shall immediately report to Buyer with the cause of such process abnormality and the appropriate and
effective measures to correct and prevent such process abnormality. The details of the measures to be taken against the process abnormality shall be determined upon between Seller and Buyer through the discussion in good faith.

  

	 	26.4	 If any abnormal or defective product included in Seller’s Products is found in Buyer’s or its
customer’s process, Buyer may request Seller to investigate the cause of such abnormality or defect; provided, that Buyer shall send to Seller the Seller’s Product in question together with the investigation result performed by Buyer. In
this case, no later than two (2) weeks from Seller’s receipt of the Seller’s Product in question, Seller shall perform its investigation and submit to Buyer the failure analysis report of the cause(s) of the abnormality or defect and
the appropriate measures to correct and prevent the abnormality or defect. 

  

	 	26.5	 Seller shall keep any record relevant to Seller’s products which reasonably allows Buyer to trace
the process and test/inspection of Seller’s Products at least for five (5) years after the shipment to Buyer of such Seller’s Products. 

  

	 	26.6	 Buyer shall have the right to audit Seller for the purpose of assessing the process quality control and
quality assurance system in relation to Seller’s Products. Such right does not extend to Buyer’s customers unless agreed to in advance by Seller. Details, including, but not limited to, the schedule, of the audit shall be determined upon
between Seller and Buyer through discussion in good faith. A minimum of two months’ notice must be given to schedule an audit. Any audit will be performed during the standard business time of the audited facility for minimizing the disruption
to the facility’s business. Any audit will be conducted at Buyer’s expense by Buyer and/or its auditors who will execute Seller’s standard confidentiality agreement to maintain any information learned as a result of or during the
audit in strict confidence and to treat such information solely for the purpose of such audit. While staying in Seller’s facility, Buyer and/or its auditors shall at anytime fully comply with the facility’s rules. Buyer shall, at its own
expenses, indemnify and hold Seller harmless from and against any and all losses or damages, including, without limitation, loss of or damages to any of Seller’s properties or loss of personal health or life, caused by the Buyer and/or its
auditors during such visit. 

  

	 	26.7	 In the case where there is any conflict among the terms and conditions of the Exhibits, and the General
Purchase Specification, those of the General Purchase Specification will prevail. 

  

	 	27	 MUTUAL CONSULTATION 

In the case where there happens the change to the business circumstance or market condition, etc., around both Seller and Buyer, and, due to such change, the
terms and conditions hereof becomes unreasonable to be applied for the transactions between Seller and Buyer, Seller and Buyer shall hold both parties’ mutual consultation and determine the solution to such change. 

[This Space Intentionally Blank] 

  
 -12- 

 CONFIDENTIAL 

 

 IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed by their duly authorized
representatives on the final date set forth below. 
  

									
	SITIME CORPORATION	 		 	MEGACHIPS CORPORATION
					
	Signed:	 	 /s/ Lionel Bonnot
	 		 	Signed:	 	 /s/ Masashi Kuramoto

	By:	 	Lionel Bonnot	 		 	By:	 	Masashi Kuramoto
	Title:	 	EVP Business Development	 		 	Title:	 	GM, Development Dept., Asia Bis. Div. No. 1
					
	Date:	 	March 26, 2019	 		 	Date:	 	March 26, 2019

 Exhibits: 
 A: Resonator
Description and Pricing 
 B: Buyer’s Product and Forecast 

C: Project Schedule 
 D: Scope of Work for Test Chip 

E: The Circuits as Provided to Support Resonator Integration 
 F:
MEMS RESONATOR Specification/Datasheet 
 G: Quality Standards 

  
 -13-EX-10.16

 Exhibit 10.16 

LEASE 
 BETWEEN 

BATTON ASSOCIATES, LLC 

(“LESSOR”) 

AND 
 SITIME CORPORATION

 (“LESSEE”) 

5451 Patrick Henry Drive 

Santa Clara, California 

 SCHEDULE OF EXHIBITS 

EXHIBIT “A” Legal Description 

EXHIBIT “B” Work Letter Agreement 

EXHIBIT “C” Lessee’s Hazardous Materials 

EXHIBIT “D” Depiction of New Building Lobby Entrances 

  
 i 

 LEASE 

5451 Patrick Henry Drive 
 Santa
Clara, California 95054 
 THIS LEASE (“Lease”), dated for reference purposes as of April 15, 2016, is made and entered into
by and between BATTON ASSOCIATES, LLC, a California limited liability company (“Lessor”), and SITIME CORPORATION, a Delaware corporation (“Lessee”). 

RECITALS: 

A.    Lessor is the owner of the real property located at 5451 Patrick Henry Drive, Santa Clara, California, more
particularly described on Exhibit “A” attached hereto and incorporated by reference herein, consisting of approximately 3.68 acres of land, together with all easements and appurtenances thereto (the “Land”), and the existing
building thereon containing approximately 50,400 rentable square feet (the “Building”), the parking area on the Land, and all other improvements located thereon (collectively, the “Improvements”). The Land and Improvements are
referred to herein collectively as the “Property.” 
 B.    Lessor and Lessee wish to enter into this Lease of
the Property upon the terms and conditions set forth herein. 
 NOW, THEREFORE, the parties agree as follows: 

1.    Lease. Lessor hereby leases to Lessee, and Lessee hereby leases from Lessor, the Property at the rental and
upon all of the terms and conditions set forth herein. 
 2.    Term. 

(a)    The term of this Lease (the “Term”) shall be one hundred
twenty-two (122) months, commencing on the date (the “Commencement Date”) which is the later of (i) the date of substantial completion of the Tenant Improvements and Lessor’s Work
(each defined below), and (ii) October 1, 2016, and shall expire on the date (the “Expiration Date”) which is one hundred twenty-two (122) full calendar months after the Commencement
Date (with any partial month following the Commencement Date deemed included in “month 1” of the Term), unless extended or sooner terminated in accordance with the provisions hereof. For purposes of this Lease, the “date of
substantial completion of the Tenant Improvements and Lessor’s Work” shall mean the date the City of Santa Clara has approved the Tenant Improvements constructed pursuant to the Work Letter Agreement attached as Exhibit “B” and
Lessor’s Work in accordance with its building code, as evidenced by its completion of a final inspection and permit sign-off for all such work and issuance of a temporary or conditional certificate of
occupancy, or its equivalent, for the Building. Lessee acknowledges, however, that due to the complexity of the permitting process with the City of Santa Clara for the proposed construction of the new lobby entrances to the Building described in
Paragraph 13(a) and Exhibit “D,” Lessor may not be able to complete both of the new lobby entrances to the Building by October 1, 2016. Accordingly, Lessor and Lessee agree that (x) so long as the Building can be legally occupied
following substantial completion of the Tenant Improvements and all of Lessor’s Work exclusive of one of the new lobby entrances to the Building, and (y) Lessor uses diligent efforts to complete the second new lobby entrance to the
Building as soon as reasonably possible, then for 

  
 1 

 
purposes of determining the Commencement Date, Lessor’s Work will be deemed to have been substantially completed as of the date that Lessor has completed all of Lessor’s Work, other
than the second new lobby entrance to the Building, as evidenced by the completion of an inspection and permit sign-off for such portion of Lessor’s Work by the City of Santa Clara and the issuance of a
conditional certificate of occupancy, or its equivalent, for the Building. 
 (b)    If the Commencement Date has not
occurred on or before October 1, 2016, due to the fault of Lessee, then, beginning on December 1, 2016 and continuing on the first day of each calendar month thereafter until the Commencement Date, Lessee shall pay to Lessor the Monthly
Base Rent set forth in Paragraph 4 below (i.e., $82,000.00 per month), pro-rated for any partial month that such Monthly Base Rent is due. Delays “due to the fault” of Lessee shall include any delays
that directly impact the critical path of Lessor’s construction of the Tenant Improvements, to the extent caused by: (i) Lessee’s failure to furnish information to Lessor for the preparation of plans and drawings for the Tenant
Improvements in accordance with Exhibit “B”; (ii) Lessee’s request for special materials, finishes or installations which are not readily available; (iii) Lessee’s failure to reasonably approve plans and working drawings in
accordance with Exhibit “B”; (iv) Lessee’s changes in plans and/or working drawings after their approval by Lessor and Lessee; (v) Lessee’s failure to complete any of its own improvement work to the extent Lessee delays
completion by the City of Santa Clara of its final inspection and approval of the Tenant Improvements described in Exhibit “B”; or (iv) interference with Lessor’s work caused by Lessee or by Lessee’s contractors or
subcontractors; provided, however, that in each case in which Lessor deems any delay to be “due to the fault of Lessee,” Lessor shall provide written notice to Lessee of any such delay within five (5) business days after the
occurrence or commencement thereof, or Lessor shall be deemed to have waived any such delay caused by Lessee. 

(c)    Lessee shall be permitted to enter the Building on and after August 1, 2016 for purposes of installing
Lessee’s furniture, fixtures and equipment in the Building, and otherwise preparing the Building for Lessee’s occupancy provided that Lessee’s early entry does not result in any delay in the critical path of Lessor’s construction
of the Tenant Improvements due to the fault of Lessee (i.e., as defined in Paragraph 2(b) above). Such early entry shall be at Lessee’s sole risk and subject to all the terms and provisions hereof, except for the payment of Monthly Base Rent,
which shall commence on first day of the third month of the T erm, and the payment of Operating Expenses and Taxes, which shall commence on the Commencement Date. Prior to such early entry, Lessee shall deliver to Lessor the certificate of insurance
required under Paragraph 11(a)(3) of this Lease. Lessor shall have the right to impose such additional conditions on Lessee’s early entry as Lessee shall deem reasonably appropriate. 

(d)    If Lessor has not achieved substantial completion of the Tenant Improvements and Lessor’s Work on or before
April 1, 2017 (with such date to be extended on a day-for-day basis for each day of delay “due to the fault of Lessee”), then Lessee may terminate this
Lease by providing written notice to Lessor at any time thereafter and prior to substantial completion of the Tenant Improvements and Lessor’s Work, whereupon Lessor shall immediately refund the prepaid Monthly Base Rent, Security Deposit and
any other sums paid by Lessee to Lessor on account of this Lease, and thereafter neither party shall have any rights or obligations hereunder. 

3.    Option to Extend. 

(a)    Provided that there is no uncured Event of Default (as defined in Paragraph 22) by Lessee under this Lease at the
time of exercise, or at the time the Option Period commences, Lessee 

  
 2 

 
shall have the option to extend the Term of this Lease for one (1) additional period of five (5) years (“Option Period”) on the same terms and conditions set forth in this
Lease, except that (i) the Monthly Base Rent for the Option Period shall be determined as provided in Paragraph 3(b) below, (ii) Lessor shall have no obligation to provide Lessee with an allowance for, or otherwise construct any,
improvements to the Property, and (iii) Lessor shall not be required to pay any leasing commissions to any brokers in connection with the Option Period. Lessee shall exercise its option by giving Lessor written notice (the “Option
Notice”) at least twelve (12) months, but not more than fifteen (15) months, prior to the expiration of the initial Term of this Lease. The option to extend is personal to SiTime Corporation and may not be transferred or assigned to
any third party other than a Permitted Transferee (as defined in Paragraph 17(g) below). 
 (b)    The Monthly Base Rent
for the Option Period shall be determined as follows: 
 (1)    Lessor and Lessee shall have thirty (30) days
after Lessor receives Lessee’s Option Notice within which to agree on the Monthly Base Rent for the Option Period based upon the then fair market rental value of the Property as defined in Paragraph 3(b)(2). If Lessor and Lessee agree on the
Monthly Base Rent for the Option Period within thirty (30) days, they shall immediately execute an amendment to this Lease stating the Monthly Base Rent for the Option Period. If the parties are unable to agree on the Monthly Base Rent for the
Option Period within thirty (30) days, then, the initial Monthly Base Rent for the Option Period shall be the then current fair market rental value of the Property as determined in accordance with Paragraph 3(b)(3). On the first anniversary of
the first day of the Option Period, Monthly Base Rent for the Option Period shall be increased to an amount equal to 103% of the Monthly Base Rent payable for the first year of the Option Period, and such 3% annual increases shall continue to be
applied to Monthly Base Rent on each subsequent anniversary of such date throughout the Option Period. 
 (2)    The
“then fair market rental value of the Property” shall be defined to mean the fair market rental value of the Property as of the commencement of the applicable Option Period, taking into consideration the uses permitted under this Lease,
the quality, size, design and location of the Premises, and the rent for comparable buildings located in Santa Clara, California. When determining the fair market rental value of the Property by reference to comparable transactions, the base rents
provided for in such comparable transactions shall be adjusted to reflect the differences between the other terms of such comparable transactions and the other terms of the renewal or expansion to which the fair market rental value is to be
applicable. For example: (a) if such comparable transactions provided for any allowance and/or free rent, then in determining the fair market rental value of the Property for the Option Period if Lessee does not receive any allowance and/or
free rent (or a smaller allowance and/or free rent) the base rents provided for in such comparable transactions shall be adjusted downward, or (b) if such comparable transactions provided for the tenant thereunder to pay its pro-rata share of increases in operating expenses and/or taxes over a base year different from the triple net payments to be applicable to the Option Period, then in determining the fair market rental value of the
Property for the Option Period, the base rents provided for in such comparable transactions shall be adjusted upward or downward, as appropriate. 

(3)    Within seven (7) days after the expiration of the thirty (30) day period set forth in Paragraph 3(b)(1),
each party, at its cost and by giving notice to the other party, shall appoint an MAI appraiser with at least five (5) years’ full time commercial appraisal experience with similar commercial/industrial properties in Santa Clara,
California, to appraise and set the then fair market rental value of the Property for the Option Period. If a party does not appoint an appraiser within ten (10) days after the other party has given notice of the name of its appraiser, the
single 

  
 3 

 
appraiser appointed shall be the sole appraiser and shall set the then fair market rental value of the Property for the Option Period. If the two (2) appraisers are appointed by the parties
as stated in this paragraph, they shall meet promptly and attempt to set the then fair market rental value of the Property for the Option Period. If they are unable to agree within thirty (30) days after the second appraiser has been appointed,
they shall attempt to elect a third appraiser meeting the qualifications stated in this paragraph within ten (10) days after the last day the two (2) appraisers are given to set the then fair market rental value of the Property for the
Option Period. If they are unable to agree on the third appraiser, either of the parties to this Lease, by giving ten (10) days’ notice to the other party, can apply to the then Presiding Judge of the Santa Clara County Superior Court, for
the selection of a third appraiser who meets the qualifications stated in this paragraph. Each of the parties shall bear one-half (1/2) of the cost of appointing the third appraiser and of paying the third
appraiser’s fee. The third appraiser, however selected, shall be a person who has not previously acted in any capacity for either party. 

Within thirty (30) days after the selection of the third appraiser, a majority of the appraisers shall set the then fair market rental
value of the Property for the Option Period. If a majority of the appraisers are unable to set the then fair market rental value of the Property for the Option Period within the stipulated period of time, the three (3) appraisals shall be added
together and their total divided by three (3); the resulting quotient shall be the then fair market rental value of the Property for the Option Period. If, however, the low appraisal and/or the high appraisal are/is more than ten percent (10%) lower
and/or higher than the middle appraisal, the low appraisal and/or the high appraisal shall be disregarded. If only one appraisal is disregarded, the remaining two (2) appraisals shall be added together and their total divided by two (2); the
resulting quotient shall be the then fair market rental value of the Property for the Option Period. If both the low appraisal and the high appraisal are disregarded as stated in this paragraph, then only the middle appraisal shall be used as the
result of the appraisal. After the then fair market rental value of the Property for the Option Period has been set, the appraisers shall immediately notify the parties and the parties shall amend this Lease to set forth the Monthly Base Rent for
the Option Period. 
 4.    Monthly Base Rent. Commencing on the Commencement Date and continuing during the Term
of this Lease, Lessee shall pay to Lessor Monthly Base Rent in monthly installments in advance on a triple net basis in lawful money of the United States as follows: 
  

									
	 Months of Term
	  	Monthly Base Rent PSF	 	  	Monthly Base Rent	 
	 1 through 2
	  	$	0.00	 	  	$	0.00/month	 
	 3 through 12
	  	$	2.05	 	  	$	82,000.00/month	* 
	 13 through 24
	  	$	2.11	 	  	$	94,950.00/month	** 
	 25 through 36
	  	$	2.17	 	  	$	109,368.00/month	 
	 37 through 48
	  	$	2.24	 	  	$	112,896.00/month	 
	 49 through 60
	  	$	2.30	 	  	$	115,920.00/month	 
	 61 through 72
	  	$	2.37	 	  	$	119,448.00/month	 
	 73 through 84
	  	$	2.45	 	  	$	123,480.00/month	 
	 85 through 96
	  	$	2.52	 	  	$	127,008.00/month	 
	 97 through 108
	  	$	2.60	 	  	$	131,040.00/month	 
	 109 through 120
	  	$	2.67	 	  	$	134,568.00/month	 
	 121 through 122
	  	$	2.75	 	  	$	138,600.00/month	 

  

	*	 Monthly Base Rent calculated on 40,000 square feet 

	**	 Monthly Base Rent calculated on 45,000 square feet 

  
 4 

 Notwithstanding the foregoing provisions to the contrary, if the second new lobby entrance to the Building
is not substantially completed prior to the first day of the third month of the Term, then Tenant shall pay Monthly Base Rent in the amount of $70,520.00 per month (i.e., $2.05 x 34,400 square feet) until the second new lobby entrance to the
Building is substantially completed, which shall be deemed to have occurred when the City of Santa Clara has approved such portion of Lessor’s Work in accordance with its building code, as evidenced by its completion of a final inspection and
permit sign-off for such portion of Lessor’s Work and the issuance of an unconditional certificate of occupancy, or its equivalent, for the Building. 

5.    Additional Rent; Operating Expenses and Taxes. 

(a)    In addition to the Monthly Base Rent, commencing on the Commencement Date Lessee shall pay to Lessor, as
“Additional Rent,” the Operating Expenses of the Property in accordance with Paragraph 5(b) hereof and all real property taxes and assessments levied or assessed against the Property in accordance with Paragraph 5(c) hereof. Monthly Base
Rent and Additional Rent are sometimes referred to herein collectively as “rent” or “rental.” 

(b)    “Operating Expenses” as used herein shall include all reasonable direct costs actually incurred by Lessor
in the management, operation, maintenance, repair, and replacement of the Property, including the cost of all maintenance, repairs, and restoration of the Property performed by Lessor pursuant to Paragraphs 14(b) and 14(c) hereof, determined in
accordance with generally accepted accounting principles, including, but not limited to: personal property taxes related to the Property; any parking taxes or levies imposed on the Property in the future by any governmental agency; a management fee
equal to three percent (3%) of the Monthly Base Rent; water and sewer charges; waste disposal; insurance premiums for insurance coverages maintained by Lessor pursuant to Paragraph 11(b) hereof; license, permit, and inspection fees; maintenance and
repair of the roof membrane; maintenance and repair of the HVAC system; maintenance, repair and replacement of floor and window coverings; landscaping, gardening, and tree trimming; glazing; repair, maintenance, cleaning, sweeping, striping, patch
paving, and resurfacing of the parking area; exterior lighting Mid parking lot lighting; supplies, materials, equipment and tools used in the maintenance of the Property; costs for accounting services incurred in the calculation of Operating
Expenses and Taxes as defined herein; and the cost of capital expenditures for any improvements or changes to the Building which are required by laws, codes, statutes, ordinances, directives of public authorities or other governmental regulations
(collectively “Applicable Laws”) adopted after the Commencement Date, or for any items or capital expenditures voluntarily made by Lessor which are intended to have the effect of reducing Operating Expenses; provided, however, that with
respect to capital improvements made to save Operating Expenses the amortization thereof shall not be at a rate greater than the actual savings in Operating Expense. If Lessor voluntarily makes capital improvements or capital expenditures to the
Building or the Property, or is required to make such capital improvements or capital expenditures, Lessor shall amortize the cost of such improvements and expenditures over the useful life of said improvements as reasonably determined by Lessor in
accordance with generally accepted accounting principles (together with interest on the unamortized balance at the rate equal to the effective rate of interest actually charged to Lessor for its borrowings for capital expenditures, but in no event
in excess of ten percent (10%) per annum) and only the annual amortized amount shall be included in Operating Expenses annually from the date of expenditure through the date which is the earlier of the expiration of the Term or the date the cost of
such improvements or such expenditures has been fully amortized. Operating Expenses shall also include any other expenses or charges, whether or not described herein, not specifically excluded by other provisions of this Lease, which in accordance
with generally accepted accounting principles would be considered an expense of managing, operating, maintaining, and repairing the Property. 

  
 5 

 Notwithstanding the foregoing, Operating Expenses shall not include: (i) capital
expenditures or costs of capital improvements, except as set forth in the immediately preceding paragraph; (ii) interest, principal, late charges, default fees, prepayment penalties or premiums on any debt owed by Lessor, including, without
limitation, any mortgage debt; (iii) costs for which Lessor has the right to be reimbursed by its insurer or by any other party(ies); (iv) costs associated with the operation of the business of Lessor (as the same are distinguished from the
costs of operation of the Premises), including, but not limited to, company accounting and legal matters, costs of defending and/or pursuing any lawsuits with any mortgagee or tenant, costs of selling, syndicating, financing, mortgaging or
hypothecating any of Lessor’s interest in the Premises, costs (including, without limitation, attorney fees and costs of settlement judgments and payments in lieu thereof) arising from claims, disputes or potential disputes in connection with
potential or actual claims, litigation or arbitrations respecting Lessor and/or the Premises; (v) the wages and benefits of any employee who does not devote substantially all of his or her time to the Premises unless such wages and benefits are
allocated to reflect the actual time spent on operating and managing the Premises vis-a-vis time spent on matters unrelated to operating and managing the Project;
(vi) amounts paid as ground rental by Lessor; (vii) costs expressly excluded from Operating Expenses elsewhere in this Lease (including, but not limited to, Paragraph 9); (vii) costs incurred by Lessor, including, without limitation,
penalties, with respect to compliance with Applicable Laws applicable to the Premises prior to the Commencement Date; (viii) all items and services for which Lessee reimburses Lessor outside of Operating Expenses or pays third persons;
(ix) except for permitted capital improvement expenses, any depreciation and/or amortization on the Premises or the equipment therein; (x) costs, fees, and compensation paid to Lessor, or to Lessor’s subsidiaries or affiliates, for
services in or to the Premises to the extent that they exceed the charges for comparable services rendered by an unaffiliated third party of comparable skill, competence, stature and reputation; (xv) expenses, costs, and disbursements relating
to, or arising directly or indirectly from, the testing for or analysis, handling, removal, treatment, disposal, remediation or replacement of asbestos or asbestos-containing materials and other Hazardous Materials (other than those for which Lessee
is responsible under Paragraph 9 below) in, on, around, beneath, or from the Premises; (xvi) any deductibles for earthquake insurance; (xvii) any charges for electricity, heating, air conditioning, gas, and any other utilities (including,
without limitation, any temporary or permanent utility surcharge or other exaction), all of which shall be paid directly by Lessee pursuant to Paragraph 15(a); (xviii) the cost to replace any HVAC units in the Building that are older than 20 years
if any such HVAC units are replaced by Lessor as provided in Paragraph 14(b); and (xix) any costs or expenses incurred by Lessor relating to periods before the Commencement Date. 

(c)    Real property taxes and assessments levied or assessed against the Property, during the term of this Lease are
referred to herein as “Taxes.” As used herein, “Taxes” shall mean: 
 (1)    all real estate taxes,
assessments and any other taxes levied or assessed against the Property, including the Land, the Building, and all improvements located thereon, and including any increase in Taxes resulting from a reassessment following any transfer of ownership of
the Property or any interest therein or following any improvements to the Property; and 
 (2)    all other taxes which
may be levied in lieu of real estate taxes, assessments, and other fees, charges, and levies, general and special, ordinary and extraordinary, unforeseen as well as foreseen, of any kind and nature by any authority having the direct or indirect
power to tax, including without limitation any governmental authority or any improvement or other 

  
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district or division thereof, for public improvements, services, or benefits which are assessed, levied, confirmed, imposed, or become a lien (1) upon the Property, and/or any legal or
equitable interest of Lessor in any part thereof; or (2) upon this transaction or any document to which Lessee is a party creating or transferring any interest in the Property; and (3) any tax or excise, however described, imposed in
addition to, or in substitution partially or totally of, any tax previously included within the definition of “Taxes” or any tax the nature of which was previously included in the definition “Taxes.” 

Not included within the definition of “Taxes” are any net income, profits, transfer, franchise, estate, gift, rental income, or
inheritance taxes imposed by any governmental authority. “Taxes” also shall not include penalties or interest charges assessed on delinquent Taxes provided that Lessee has paid the Taxes to Lessor when due. 

With respect to any assessments which may be levied against or upon the Property, or the Land, which under Applicable Laws then in force may
be evidenced by improvement or other bonds, or may be paid in annual installments, Lessor shall pay the same in the maximum duration and number of installments and only the amount of such annual installment (with appropriate proration of any partial
year) and statutory interest shall be included within the computation of the annual Taxes levied against the Property during the Term. 

(d)    Taxes and insurance premiums shall be payable by Lessee to Lessor within thirty (30) days after receipt by
Lessee of an invoice from Lessor specifying the amount of the Taxes and/or insurance premiums payable by Lessee. All other Operating Expenses shall be payable by Lessee to Lessor within thirty (30) days after receipt by Lessee of an invoice
from Lessor specifying the amount of Operating Expenses payable by Lessee for the immediately prior month of the Term and including a breakdown of the general expense categories within each such Operating Expense invoice. 

(e)    Lessee or its accountants shall have the right to inspect and audit Lessor’s books and records with respect to
the Operating Expenses and Taxes for the Property at Lessor’s offices once each calendar year to verify actual Operating Expenses and/or Taxes. Lessor’s books and records shall be kept in accordance with generally accepted accounting
principles. If Lessee’s audit of the Operating Expenses and/or Taxes for any year reveals a net overcharge of more than five percent (5%), Lessor promptly shall reimburse Lessee for the cost of the audit; otherwise Lessee shall bear the cost of
Lessee’s audit. Any net overcharge shall be credited against Operating Expenses next due from Lessee hereunder, or shall be refunded to Lessee without interest, if the net overcharge exceeds Operating Expenses payable by Lessee. 

(f)    Notwithstanding the expiration or termination of this Lease, within thirty (30) days after receipt by Lessee
of an invoice from Lessor for any Operating Expenses or Taxes payable by Lessee and attributable to such portion of the Term within the calendar year in which this Lease expires or terminates, Lessee shall pay to Lessor any such amount due as shown
on such invoice. Lessee’s obligations under this subparagraph (g) shall survive the expiration or termination of this Lease. 

6.    Payment of Rent. 

(a)    All rent shall be due and payable by Lessee in lawful money of the United States of America at the address of Lessor
set forth in Paragraph 24, without deduction or offset and without prior demand or notice, unless otherwise specified herein. Monthly Base Rent shall be payable 

  
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monthly, in advance, on the first (1st) day of each calendar month, except that Lessee shall pay the Monthly Base Rent due for the third full calendar month of the Term upon execution of this
Lease and Lessor shall apply such payment to such month. Lessee’s obligation to pay rent for any partial month at the expiration or termination of the Term shall be prorated on the basis of the actual number of days in such calendar month. 

(b)    If any installment of Monthly Base Rent or Additional Rent is not received by Lessor within five (5) days
after the same is due, Lessee shall pay to Lessor an additional sum equal to five percent (5%) of the amount overdue as a late charge; provided, however, that Lessor agrees to waive such late charge for the first time in any twelve (12) month
period that Lessee fails to pay any Monthly Base Rent or Additional Rent within such 5-day period so long as Lessee pays the amount due within five (5) days after written notice from Lessor such Monthly
Base Rent or Additional Rent is past due. The parties agree that this late charge represents a fair and reasonable estimate of the costs that Lessor will incur by reason of the late payment by Lessee. Acceptance of any late charge shall not
constitute a waiver of Lessee’s default with respect to the overdue amount. Any amount not paid within thirty (30) days after the date such amount is due shall bear interest from the date due until paid at the lesser rate of (1) the
prime rate of interest plus five percent (5%) or (2) the maximum rate allowed by law, in addition to the late payment charge (the “Interest Rate”). 

Initials:    Lessor /s/ HB            Lessee /s/
RV 
 7.    Security Deposit. Lessee shall deposit with Lessor upon execution of this Lease the sum of One
Hundred Thirty-eight Thousand Six Hundred and no/100ths Dollars ($138,600.00) as security for the full and faithful performance of every provision of this Lease to be performed by Tenant (the “Security Deposit”). If Lessee commits any
Event of Default with respect to any provision of this Lease, Lessor may apply all or any part of the Security Deposit for the payment of any rent or other sum in default, the repair of any damage to the Property or the payment of any other amount
which Lessor may spend or become obligated to spend by reason of such Event of Default or to compensate Lessor for any other loss or damage which Lessee may suffer by reason of Lessee’s default to the full extent permitted by law. Lessee hereby
waives any restriction on the use or application of the Security Deposit by Lessor as set forth in California Civil Code Section 1950.7(c). If any portion of the Security Deposit is so applied. Lessee shall, within ten (10) business days
after written demand therefor, deposit cash with Lessor in an amount sufficient to restore the Security Deposit to its original amount. Lessor shall not be required to keep the Security Deposit separate from its general funds, and Lessee shall not
be entitled to interest on the Security Deposit. The Security Deposit, or any unapplied balance thereof, shall be returned to Lessee within thirty (30) days after the expiration or sooner termination of this Lease. 

8.    Use. Lessee shall use and occupy the Property only for general offices, administration, research and
development, and such other related uses that are permitted by applicable zoning ordinances and any covenants, conditions, and restrictions affecting the Property, and for no other use or purpose without Lessor’s prior written consent. Any use
of the Property by any sublessee or assignee pursuant to Paragraph 17 shall comply with the provisions of this Paragraph 8. 

9.    Environmental Matters. 

(a)    The term “Hazardous Materials” as used in this Lease shall mean any product, substance, or waste whose
presence, use, manufacture, disposal, transportation, or release, is defined as such by any governmental authority pursuant to Environmental Laws. Hazardous Materials shall 

  
 8 

 
include, but not be limited to hydrocarbons, petroleum, gasoline, and/or crude oil or any products, by-products or fractions thereof. Lessee shall not
engage in any activity in or on the Property which constitutes a Reportable Use of Hazardous Materials without the express prior written consent of Lessor and timely compliance (at Lessee’s expense) with all Environmental Laws. “Reportable
Use” shall mean (i) the installation or use of any above or below ground storage tank, (ii) the generation, possession, storage, use, transportation, or disposal of Hazardous Materials that require a permit from, or with respect to
which a report, notice, registration or business plan is required to be filed with, any governmental authority, and/or (iii) the presence at the Property of Hazardous Materials with respect to which any Environmental Law requires that a notice
be given to persons entering or occupying the Property or neighboring properties, 
 (b)    “Environmental
Laws” shall mean and include any federal, state, or local statute, law, ordinance, code, rule, regulation, order, or decree regulating, relating to, or imposing liability or standards of conduct concerning, any hazardous, toxic, or dangerous
waste, substance, element, compound, mixture or material, as now or at any time hereafter in effect including, without limitation, California Health and Safety Code §§25100 et seq., §§25300 et seq., Sections 25281(f) and 25501 of
the California Health and Safety Code, Section 13050 of the Water Code, the Federal Comprehensive Environmental Response, Compensation and Liability Act, as amended, 42 U.S.C. §§9601 et seq. (“CERCLA”), the Superfund
Amendments and Reauthorization Act, 42 U.S.C. §§9601 et seq., the Federal Toxic Substances Control Act, 15 U.S.C. §§2601 et seq., the Federal Resource Conservation and Recovery Act as amended, 42 U.S.C. §§6901 et seq.,
the Federal Hazardous Material Transportation Act, 49 U.S.C. §§1801 et seq., the Federal Clean Air Act, 42 U.S.C. §7401 et seq., the Federal Water Pollution Control Act, 33 U.S.C. §1251 et seq., the River and Harbors Act of 1899,
33 U.S.C. §§401 et seq., and all rules and regulations of the EPA, the California Environmental Protection Agency, or any other state or federal department, board or any other agency or governmental board or entity generally having
jurisdiction over the environment, as any of the foregoing have been, or are hereafter amended. 
 (c)    Lessee shall
not bring onto the Property any Hazardous Materials, except for the Hazardous Materials described on Exhibit “C” attached hereto and incorporated herein by reference, if any, or which are approved in writing by Lessor hereafter. Lessee
shall deliver to Lessor (1) a copy of Lessee’s current Hazardous Materials Management Plan, and any amendments or supplements thereto, or replacements thereof, from time to time during the term of this Lease, and (2) a copy of all
Hazardous Materials reports or plans filed by Lessee with the City of Santa Clara, even though Lessee’s Hazardous Materials Management Plan and any such reports on plans filed with the City show that Lessee is not currently using any reportable
Hazardous Materials on the Property. 
 (d)    If Lessee has actual knowledge that Hazardous Materials have come to be
located in, on, under or about the Property in violation of Environmental Laws, Lessee shall immediately give written notice of such fact to Lessor and provide Lessor with a copy of any report, notice, claim or other documentation which it has
concerning the presence of such Hazardous Materials. 
 (e)    Lessee and Lessee’s agents, employees, and
contractors shall not cause any Hazardous Materials to be discharged into the plumbing or sewage system of the Building or into or onto the Land underlying or adjacent to the Building in violation of any Environmental Laws. Lessee shall promptly, at
Lessee’s expense, take all investigatory and/or remedial action required by governmental agencies for the cleanup of any contamination, and for the maintenance, security and/or monitoring of the Property or neighboring properties, that was
caused or materially contributed to by Lessee, or pertaining to or involving any Hazardous Materials brought onto the Property during the term of this Lease, by Lessee, or by any of Lessee’s employees, agents, contractors, invitees, or
Permitted Transferees. 

  
 9 

 (f)    Lessee shall indemnify, defend and hold Lessor harmless from any
and all claims, damages, fines, judgments, penalties, costs, liabilities or losses (including, without limitation, any and all sums paid for settlement of claims, reasonable attorneys’ fees, reasonable consultant and expert fees) arising during
or after the Term from or in connection with the presence of Hazardous Materials in or on the Property as a result of Lessee’s breach of any of Lessee’s covenants in this Paragraph 9, or as a result of the negligence or willful misconduct
of Lessee, Lessee’s employees, agents, contractors, or invitees. Without limiting the foregoing, this indemnification shall include any and all costs incurred due to any investigation of the Property or any cleanup, remediation, removal or
restoration mandated by a federal, state or local agency or political subdivision. Lessor shall indemnify, defend and hold Lessee harmless from any and all claims, damages, fines, judgments, penalties, costs, liabilities or losses (including,
without limitation, any and all sums paid for settlement of claims, reasonable attorneys’ fees, reasonable consultant and expert fees) arising during or after the Term from or in connection with the presence of Hazardous Materials in or on the
Property as a result of the negligence or willful misconduct of Lessor or Lessor’s employees, agents, contractors, or invitees. 

(g)    Notwithstanding the foregoing provisions of this Paragraph 9, Lessee shall have no obligation to cleanup or to
comply with any law regarding, or to reimburse, indemnify, defend, release, or hold Lessor harmless with respect to, any Hazardous Materials or wastes discovered on the Property which were not introduced into the Property, or stored, released,
disposed of, or transported in or on the Property by Lessee or Lessee’s Permitted Affiliates, employees, agents, contractors, sublessees, assigns and/or successors. 

(h)    The provisions of this Paragraph 9, including, but not limited to Lessee’s indemnity in Paragraph 9(f), shall
survive the expiration or earlier termination of the Term of this Lease. 
 10.    Taxes on
Lessee’s Property. Lessee shall pay before delinquency any and all taxes, assessments, license fees, and public charges levied, assessed, or imposed and which become payable during the Term of this Lease and any extension
thereof, with respect to Lessee’s equipment, fixtures, furniture, and personal property installed or located in the Property. 

11.    Insurance. 

(a)    Lessee shall, at Lessee’s sole cost and expense, provide and keep in force, commencing with Commencement Date,
and continuing during the Term of this Lease, the following insurance: 
 (1)    a policy of commercial general
liability insurance with a recognized casualty insurance company qualified to do business in California, insuring against claims for personal injuries, death, or property damage occurring in, on, about, or related to the Property, or arising out of
Lessee’s or its agents or employees use, occupancy, alteration or maintenance of the Property in an amount not less than Three Million Dollars ($3,000,000) per occurrence and Five Million Dollars ($5,000,000) general aggregate. Lessee’s
liability insurance policy shall contain cross liability endorsements, shall insure the performance by Lessee of the indemnity agreement contained in Paragraph 12(a), and shall name Lessor and Lessor’s property manager (if Lessee is informed in
writing of the name of such property manager), as additional insureds. 

  
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 (2)    a policy of special form property insurance (including, without
limitation, vandalism, malicious mischief, inflation endorsement, and sprinkler leakage endorsement) on all personal property of Lessee located on or in the Property. Such insurance shall be in the full amount of the replacement cost, as the same
may from time to time increase as a result of inflation or otherwise, and shall be in a form providing coverage comparable to the coverage provided in the standard ISO special form. 

(3)    All such insurance carried by Lessee shall be in a form reasonably satisfactory to Lessor and its mortgage lender
and shall be carried with companies that have a general policyholder’s rating of not less than “A” and a financial rating of not less than Class “X” in the most current edition of Best’s Insurance Reports; shall provide
that such policies shall not be subject to material alteration or cancellation except after at least thirty (30) days’ prior written notice to Lessor; and shall be primary and not contributory. Prior to taking possession of the Property,
and upon renewal of such policies not less than thirty (30) days prior to the expiration of the term of such coverage, Lessee shall deliver to Lessor certificates of insurance confirming such coverage, together with evidence of the payment of
the premium therefor, and Lessor shall be provided with written notice of any cancellation, non-renewal or material reduction in coverage of any such policies. If Lessee fails to procure and maintain the
insurance required hereunder. Lessor may, but shall not be required to, obtain such insurance at Lessee’s expense and Lessee shall reimburse Lessor upon demand for all costs incurred by Lessor with respect thereto. Lessee’s reimbursement
to Lessor for such amounts shall be deemed Additional Rent, and shall include all sums disbursed, incurred or deposited by Lessor, including Lessor’s costs, expenses and reasonable attorneys’ fees with interest thereon at the Interest
Rate. 
 (b)    Subject to the provisions of Paragraphs 5(b) and 5(d), Lessor shall obtain and carry in Lessor’s
name, as insured, during the Term of this Lease, special form property insurance in an amount equal to the full replacement cost of the Building and Improvements (with rental loss insurance coverage for a period of one year) and at Lessor’ s
option, earthquake, flood and/or terrorism insurance (“Lessor’s property insurance”); commercial general liability insurance; umbrella liability insurance; and insurance against such other risks or casualties as Lessor shall
reasonably determine, including, but not limited to, insurance coverages required of Lessor by the beneficiary of any deed of trust which encumbers the Property, insuring Lessor’s interest in the Property, and any other improvements to the
Property constructed by Lessor, in an amount not less than the full replacement cost of the Building and all other Improvements on the Property from time to time. The proceeds of any such insurance shall be payable solely to Lessor and Lessee shall
have no right or interest therein. Lessor shall have no obligation to insure against loss by Lessee to Lessee’s equipment, furniture, fixtures, inventory, or other personal property of Lessee in, on, or about the Property occurring from any
cause whatsoever. 
 (c)    Notwithstanding anything to the contrary contained in this Lease, the parties release each
other, and their respective authorized representatives, partners, managers, members, officers, directors, shareholders, and property managers, from any claims for damage to the Property and to the fixtures, personal property, leasehold improvements
and alterations of either Lessor or Lessee in or on the Property that are caused by or result from risks to the extent required by this Lease to be insured against. This waiver applies whether or not the loss is due to the negligent acts or
omissions of Lessor or Lessee or their respective partners, managers, members, officers, directors, shareholders, property managers, employees, agents, contractors, or invitees. 

  
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 Each party shall cause each property insurance policy obtained by it to provide that the
insurance company waives all right of recovery by way of subrogation against either party in connection with the above waiver and any damage covered by any policy; provided, however, that such provision or endorsement shall not be required if the
applicable policy of insurance permits the named insured to waive rights of subrogation on a blanket basis, in which case the blanket waiver shall be acceptable. 

12.    Indemnification. Subject to Paragraphs 11(c) and 11(d), Lessee shall indemnify, defend, and hold Lessor
harmless from all claims, suits, actions, or liabilities for personal injury, death or for loss or damage to property (1) that arise from any activity, work, or thing done or permitted by Lessee in or about the Property, (2) for bodily
injury or damage to property which arises in or about the Property to the extent the injury or damage to property results from the negligent acts or omissions of Lessee, its employees, agents, or contractors, or (3) that are based on any Event
of Default (as defined in Paragraph 22) by Lessee in the performance of any obligation on Lessee’s part to be performed under this Lease, except to the extent caused by the negligence or willful misconduct of Lessor or its employees, agents, or
contractors, or caused by a breach by Lessor of its obligations under this Lease. Lessee also waives all claims against Lessor for (i) damages to property, or to goods, wares, and merchandise stored in, upon, or about the Property or the
Property from any cause whatsoever, and (ii) injuries to persons in, upon, or about the Property or the Property from any cause arising at any time except the extent caused by the negligence or willful misconduct of Lessor or its employees,
agents or contractors or the breach by Lessor of its obligations under this Lease. The foregoing indemnity shall survive the expiration or sooner termination of this Lease. 

13.    Lessor Work; Condition of Property. 

(a)    Lessor shall complete the following improvements to the Building and/or the Property at Lessor’s sole cost and
expense; (i) install a new foam coating for the roof of the Building, subject to a warranty of not less than ten (10) years; (ii) construct two (2) new lobby entrances to the Building as approximately shown on Exhibit “D”
attached hereto; (iii) paint all window mullions for the Building; (iv) demolish/remove all interior improvements other than the restroom core and any structural walls or columns; (v) remove the shed outside the rear of the Building
and level and restore the location thereof; (vi) install and/or construct any improvements to the exterior of the Building, the parking areas, driveways, sidewalks and entryways on the Land, which may be required by the City of Santa Clara to
comply with the Americans with Disabilities Act of 1990, as amended; and (vii) install new drought resistant landscaping (collectively, “Lessor’s Work”). 

(b)    In addition to Lessor’s Work, Lessor shall complete those improvements to the Building required for
Lessee’s use and occupancy and approved by Lessor and Lessee in accordance with the Work Letter Agreement attached as Exhibit “B” (the “Tenant Improvements”). Within ten (10) days after substantial completion of the
Tenant Improvements and Lessor’s Work, Lessee shall conduct a walkthrough inspection of the Building with Lessor and complete a punch-list of any portion of the Tenant Improvements and/or Lessor’s Work which are incomplete or defective. If
Lessee fails to submit a punch-list to Lessor within such ten (10) day period, it shall be deemed that there are no items installed by Lessor needing additional work or repair. Lessor’s contractor shall complete all reasonable punch-list
items within thirty (30) days after the walk-through inspection or as soon as practicable thereafter. Upon completion of such punch-list items, Lessee shall approve or disapprove such completed items in writing to Lessor within ten
(10) days after Lessor’s written request for such approval, with Lessee’s failure to timely respond to be deemed Lessee’s approval. 

  
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 (c)    Lessor hereby represents and warrants to Lessee that (i) as
of the Commencement Date, all Building systems and equipment, including without limitation HVAC, roof, electrical systems, plumbing and fire sprinklers, shall be in good working order, except to the extent damaged or altered by Lessee, its agents or
contractors, and (ii) the Tenant Improvements and Lessor’s Work shall be performed diligently and as expeditiously as reasonably practicable, in a good and workmanlike manner, and in compliance with all Applicable Laws and all plans and
specifications for such work. Lessor hereby warrants the Tenant Improvements and Lessor’s Work for a period of one (1) year following the completion thereof, during which period Lessor or its contractor shall at its sole cost repair or
replace any such work not complying with the foregoing warranty; provided, however, that the foregoing warranty shall not apply to any damage to the Tenant Improvements or Lessor’s Work that is caused by the negligence or willful misconduct of
Lessee, its employees, agents or contractors, which shall be repaired by Lessee at Lessee’s expense, nor shall Lessor’s warranty apply to any routine maintenance of any portion of the Tenant Improvements or Lessor’s Work, which shall
be performed by Lessor or Lessee as provided in Paragraphs 14(a), (b) and (c) below. 
 (d)    Subject to
Lessor’s completion of Lessor’s Work and the Tenant Improvements (including any punch-list items) and Lessor’s warranties in Paragraph 13(c) above, by taking possession of the Property Lessee shall be deemed to have accepted the
Property in good, clean and completed condition and repair, subject to all Applicable Laws. Any damage to the Building or the Property caused by Lessee’s move-in shall be repaired or corrected by Lessee,
at its expense. Lessee acknowledges that neither Lessor nor Lessor’s agents have made any representations or warranties as to the suitability or fitness of the Property for the conduct of Lessee’s business or for any other purpose, nor has
Lessor or Lessor’s agents agreed to undertake any alterations or construct any improvements to the Property except as expressly provided in this Lease. Pursuant to California Civil Code Section 1938, Lessor hereby notifies Lessee that the
Building has not been inspected by a Certified Access Specialist (CASp). 
 (e)    Lessee may, at Lessee’s
election, purchase all or any portion of the existing cubicles and office furniture in the Building (the “Existing Personal Property”) for the purchase price of One Dollar ($1.00). If Lessee elects to purchase all or any portion of the
Existing Personal Property, Lessee shall so notify Lessor within ten (10) days after the date this Lease is fully executed and, in such event, Lessor shall remove the Existing Personal Property purchased by Lessee and store such Existing
Personal Property at Lessee’s expense until such time as such Existing Personal Property can be moved back into the Building. If Lessee does not notify Lessor within such 10-day period, or if Lessee
elects to purchase less than all of the Existing Personal Property, then Lessor shall remove any of the Existing Personal Property that is not purchased by Lessee from the Building and may dispose of such Existing Personal Property without further
notice to Lessee. Within thirty (30) days sifter the Commencement Date, Lessee shall reimburse Lessor for the costs of storing any Existing Personal Property purchased by Lessee and moving any such Existing Personal Property to and from
storage, including any costs of disassembly and/or re-assembly of such Existing Personal Property, if applicable, incurred in connection with moving such Existing Personal Property to or from storage. If
Lessee elects to purchase all or any portion of the Existing Personal Property, Lessee shall acquire such Existing Personal Property in its current, “AS IS” condition, without any representations or warranties by Lessor whatsoever as to
the condition of such Existing Personal Property and/or its fitness for any particular purpose. 

  
 13 

 14.    Maintenance and Repairs; Alterations; Surrender and
Restoration. 
 (a)    Lessor shall, at Lessor’s sole cost and expense (except to the extent of costs resulting
from Lessee’s negligence or misconduct, or breach of its obligations under this Lease), keep in good order, condition and repair and replace when necessary, the structural elements of the foundation, floor slab, roof, bearing walls and columns
and exterior walls (except the interior faces thereof) of the Building, excluding any alterations, structural or otherwise, made by Lessee to the Building which are not approved in writing by Lessor prior to the construction or installation thereof
by Lessee. 
 (b)    In addition to the items referred to in Paragraph 5(a), Lessor shall repair, maintain, and replace
as needed, the roof covering or membrane, and the areas of the Property outside the Building, including the landscaping, parking lot and walkways, exterior Building lighting, and parking lot lighting. Lessor shall also maintain in good condition and
repair the HVAC system serving the Building (excluding, however, any HVAC equipment installed by Lessee, which shall be maintained and repaired by Lessee). If at any time during the Term, any HVAC units that are older than 20 years require
replacement due to the failure of such HVAC units and/or the need for continuous or excessive repairs to maintain such HVAC units in good operating condition, Lessor shall replace such HVAC units at Lessor’s sole cost and expense. If Lessee
provides Lessor with written notice of the need for any repairs to the Property, Lessor shall commence any such repairs promptly following receipt by Lessor of such notice and Lessor shall diligently prosecute such repairs to completion. Lessee
waives all right to make repairs at the expense of Lessor, or to deduct the costs thereof from the rent, and Lessee waives all rights under Section 1941 and 1942 of the Civil Code of the State of California. 

(c)    Subject to the foregoing and except as provided elsewhere in this Lease, Lessee shall at all times at Lessee’s
expense keep the interior of the Building in good and safe order, condition, and repair. Lessee’s repair and maintenance obligations shall include, without limitation, all plumbing and sewage facilities within the Premises, fixtures, interior
walls, floors, ceilings, interior windows, doors, entrances, plate glass, showcases, all electrical facilities and equipment, including lighting fixtures and all other appliances and equipment of every kind and nature located in, upon or about the
Building. Lessee shall contract for and pay directly for the janitorial service to the Building. 
 (d)    Lessee may,
from time to time, at its own cost and expense and without the consent of Lessor make nonstructural alterations to the interior of the Building the cost of which in any one instance is Twenty-five Thousand Dollars ($25,000) or less, and the
aggregate cost of all such work during the Term of this Lease does not exceed Two Hundred Fifty Thousand Dollars ($250,000), provided that Lessee first notifies Lessor in writing of any such nonstructural alterations. Otherwise, Lessee shall not
make any alterations, improvements, or additions to the Building or the Property without first delivering to Lessor a complete set of plans and specifications for such work and obtaining Lessor’s prior written consent thereto, which consent
shall not be unreasonably withheld or delayed. If any nonstructural alterations to the interior of the Building exceed Twenty-five Thousand Dollars ($25,000) in cost in any one instance, Lessee shall employ, at Lessee’s expense, a qualified
licensed general contractor to perform such alterations pursuant to a construction contract entered into between Lessee and such contractor. The general contractor shall be subject to Lessor’s written approval prior to commencement of
construction, which approval shall not be unreasonably withheld or delayed. Lessor may condition Lessor’s consent to such alterations to Lessee agreeing in writing to remove any such alterations prior to the expiration or termination of this
Lease and to restore the Building to its condition prior to such alterations at Lessee’s expense. Lessor shall advise Lessee in writing at the time consent is granted whether Lessor reserves the right to require Lessee to remove any alterations
from the Building and to restore the Building prior to the expiration or termination of this Lease, with Lessor’s failure to so advise Lessee at such time deemed Lessor’s consent to leave such alterations in place upon the expiration of
the Term or earlier termination of this Lease. 

  
 14 

 All alterations, trade fixtures and personal property installed in the Property solely at
Lessee’s expense shall remain the property of Lessee during the Term of this Lease, and Lessee shall be entitled to all depreciation, amortization and other tax benefits with respect thereto. Lessee may remove any of Lessee’s personal
property, furniture, or equipment which is not affixed to the Building in such a manner that it becomes a part of the Improvements (“Lessee’s Personal Property”) at any time and from time to time. Lessor shall have no lien or other
interest whatsoever in any item of Lessee’s Personal Property. Within ten (10) days following Lessee’s request from time to time, Lessor shall execute documents in commercially reasonable form to evidence Lessor’s waiver of any
right, title, hen or interest in any of Lessee’s Personal Property and giving Lessee’s lender holding a security interest or lien on Lessee’s Personal Property reasonable rights of access to the Property to remove Lessee’s
Personal Property, provided that such lender agrees in writing to repair at its expense all damage caused by such removal. Upon the expiration or sooner termination of this Lease all alterations, fixtures and improvements to the Property, whether
made by Lessor or installed by Lessee at Lessee’s expense, shall be surrendered by Lessee with the Property and shall become the property of Lessor, except for alterations, additions, or improvements to the Property which Lessee is obligated to
remove pursuant to Paragraphs 14(d) and 14(f). 
 (e)    Lessee, at Lessee’s sole cost and expense, shall during
the Term of this Lease promptly and properly observe and comply with all existing and future Applicable Laws, and the Board of Fire Underwriters. Notwithstanding the foregoing, any structural changes or repairs to the Property or other repairs or
changes of any nature which would be considered a capital expenditure under generally accepted accounting principles shall be made by Lessor at Lessee’s expense if such structural repairs or changes are required by reason of the specific nature
of the use of the Property by Lessee or by reason of any other alterations or improvements to the Property made by or for Lessee. If such structural changes or repairs are not required by reason of the specific nature of Lessee’s use of the
Property or by reason of any other alterations or improvements to the Property made by for Lessee, then such changes or repairs shall be made by Lessor and the cost of such structural changes or repairs, or other repairs or changes required by
Applicable Laws that would be considered a capital expenditure shall be treated as an Operating Expense and the cost thereof shall be amortized in accordance with the provisions of Paragraph 5(b). 

(f)    Lessee shall surrender the Property by the last day of the Term or any earlier termination date, with all of the
Improvements to the Property, parts, and surfaces thereof clean and free of debris and in good operating order, condition, and state of repair, ordinary wear and tear and damage by casualty excepted. “Ordinary wear and tear” for the
purposes of this Lease shall be construed to mean wear and tear caused to the Property by a natural aging process which occurs in spite of proper maintenance, repair, and janitorial practices. It is not intended, nor shall it be construed, to
include items of neglected or deferred maintenance which would have or should have been attended to during the Term of the Lease if Lessee has maintained and kept the Property at all times in good condition and repair as required hereunder. The
obligations of Lessee shall include the repair of any damage occasioned by the installation, maintenance, or removal of Lessee’s trade fixtures, furnishings, equipment, and alterations, and the restoration by Lessee of the Property to its
condition prior to any alterations, additions, or improvements if (1) Lessor’s consent thereto was conditioned upon such removal and restoration upon expiration or sooner termination of the Lease Term pursuant to Paragraph 14(d), or
(2) Lessee made any such alterations, additions, or improvements without obtaining Lessor’s prior written consent in breach of Paragraph 14(d), and within a reasonable time after the expiration or sooner termination of the Term Lessor
gives written notice to Lessee requiring Lessee to perform such removal and restoration. 

  
 15 

 (g)    If at any time during the Term Lessee conducts any Reportable Use
at or on the Property, or if Lessee is responsible for any Hazardous Materials in, on or under the Property requiring remediation or other action under Environmental Laws, then prior to the expiration of the Term and the surrender of possession of
the Property by Lessee to Lessor Lessee shall obtain at Lessee’s expense an environmental closure report certified by the appropriate department of the City of Santa Clara. Lessee shall deliver a copy of such certification to Lessor. Such
closure shall include the removal and remediation at Lessee’s expense of any Hazardous Materials in, on, under, or about the Property released or discharged by Lessee, its Permitted Transferees, sublessees, assignees, employees, agents,
contractors, or invitees, to the extent required under Environmental Laws. 
 (h)    Notwithstanding anything to the
contrary herein. Lessee shall, within five (5) business days after the expiration or earlier termination of this Lease, at Lessee’s expense and in compliance with the National Electric Code and other Applicable Laws, remove all electronic,
fiber, phone and data cabling and related equipment that has been installed by or for the benefit of Lessee in the Building and in or around the Property (collectively, the “Cabling”) that are required to be removed by the National
Electric Code and other Applicable Laws; provided, however, that Lessee shall not remove such Cabling if Lessee receives a written notice from Lessor at least fifteen (15) days prior to the expiration or earlier termination of the Lease
authorizing such Cabling to remain in place, in which event the Cabling shall be surrendered by Lessee with the Building and the Property and shall become the property of Lessor upon the expiration or earlier termination of the Lease. 

15.    Utilities and Services. Lessee shall contract for and pay for all electricity, telephone, gas, water, heat
and air conditioning service, janitorial service, refuse pick-up, sewer charges, and all other utilities or services supplied to or consumed by Lessee, its agents, employees, contractors, and invitees on or
about the Property. Lessor shall not be liable to Lessee for any interruption or failure of any utility services to the Building or the Property except to the extent caused by the negligence or willful misconduct of Lessor, or Lessor’s
employees, agents, or contractors. Lessee shall not be relieved of any obligation to pay rent or to pay any other sum due hereunder, or be relieved of the obligation to perform any other covenant or agreement of Lessee in this Lease because of any
such interruption or failure; provided, however, that if such interruption arises out of the negligence or willful misconduct of Lessor, or Lessor’s employees, agents, or contractors such that Lessee is not able and actually ceases to conduct
any business activities in all or a substantial part of the Building for a period of three (3) consecutive business days, then Monthly Base Rent shall abate as of the third (3rd) consecutive business day and thereafter until such time as
service is restored so that Lessee is able to or actually resumes occupancy of the Building for any of its customary business activities. If such interruption continues for more than one hundred fifty (150) days, then Lessee shall be entitled
to terminate this Lease by written notice to Lessor within thirty (30) days after the expiration of such 150-day period unless Lessor has restored all such services and utilities prior to receipt of
Lessee’s termination notice. 
 16.    Liens. Lessee agrees to keep the Property free from all liens arising
out of any improvement work performed by Lessee or arising out of any other work performed, materials furnished, or obligations incurred by Lessee. Lessee shall give Lessor at least ten (10) days prior written notice before commencing any work
of improvement on the Property, the contract price for which exceeds Twenty-five Thousand Dollars ($25,000). Lessor shall have the right to post notices of non-responsibility with respect to any such work. If
Lessee shall, in good faith, contest the validity of 

  
 16 

 
any such lien, claim or demand, then Lessee shall, at its sole expense, obtain a hen release bond and defend and protect itself. Lessor and the Property against any such lien or claim. Lessee
shall promptly satisfy in full any adverse judgment that may be rendered thereon, and Lessee shall cause any judgment lien against the Property relating thereto to be released of record, or in lieu thereof Lessee shall obtain a lien release bond in
accordance with applicable law at Lessee’s expense before the enforcement of said judgment lien against Lessor or the Property. 

17.    Assignment and Subletting. 

(a)    Except as otherwise provided in this Paragraph 17, Lessee shall not assign this Lease, or any interest therein,
voluntarily or involuntarily, and shall not sublease the Property or any part thereof, or any right or privilege appurtenant thereto, without the prior written consent of Lessor in each instance pursuant to the terms and conditions set forth below,
which consent shall not be unreasonably withheld, subject to the following provisions. 
 (b)    Prior to any assignment
or sublease which Lessee desires to make, Lessee shall deliver to Lessor in writing the name and address of the proposed assignee or sublessee, true and complete copies of all documents relating to Lessee’s proposed agreement to assign or
sublease, the proposed use of the Property by the proposed assignee or sublessee and a list of all Hazardous Materials used by the proposed assignee or sublessee, if any, a copy of a current financial statement for such proposed assignee or
sublessee, and Lessee shall specify in writing all consideration to be received by Lessee for such assignment or sublease in the form of lump sum payments, installments of rent, or otherwise. For purposes of this Paragraph 17, the term
“consideration” shall include all money or other consideration to be received by Lessee for such assignment or sublease. Subject to the satisfaction of the conditions referred to in subparagraph (c), within fifteen (15) days after the
receipt of such documentation and other information, Lessor shall (1) notify Lessee in writing that Lessor consents to the proposed assignment or sublease subject to the other terms and conditions set forth hereafter; or (2) notify Lessee
in writing that Lessor refuses such consent, specifying reasonable grounds for such refusal. 
 If Lessee shall propose to assign this
Lease, or sublease more than fifty percent (50%) of the Building for all or substantially all of the then remaining Term of this Lease, except in either case to one or more “Permitted Transferees” (as defined in Paragraph 17(g)), Lessee
shall so notify Lessor in writing, specifying the proposed commencement date of the proposed assignment or sublease and the other information referred to above in this Paragraph 17(b). Within fifteen (15) days after the receipt of such notice
and information from Lessee, Lessor notify may Lessee in writing the Lessor elects to terminate this Lease effective as of the proposed effective date of the assignment or sublease specified in Lessee’s notice. If Lessor elects to terminate
this Lease pursuant to the foregoing provision, upon the effective date of termination Lessor and Lessee shall each be released from any liability or obligation to the other under the Lease accruing thereafter with respect to the Property, except
for any obligations then outstanding and except for any indemnity obligation or other obligations which survive the expiration or termination of this Lease by the express terms hereof, and Lessee agrees that Lessor may enter into a direct lease with
the proposed assignee or sublessee without any obligation or liability to Lessee. 

  
 17 

 (c)    In deciding whether to consent to any proposed assignment or
sublease, Lessor may take into account whether or not all reasonable conditions specified by Lessor have been satisfied, including, but not limited to, the following: 

(1)    In Lessor’s reasonable judgment, the proposed assignee or sublessee is engaged in such a business that the
Property, or the relevant part thereof, will be used in such a manner which complies with Paragraph 8 hereof entitled “Use” and Lessee or the proposed assignee or sublessee submits to Lessor documentary evidence reasonably satisfactory to
Lessor that such proposed use constitutes a permitted use of the Property pursuant to the ordinances and regulations of the City of Santa Clara, and that any Hazardous Materials which may be used by the proposed assignee or sublessee will not, in
Lessor’s reasonable judgment, constitute a risk of contamination of the Property; 
 (2)    The proposed assignee
or sublessee shall be a reputable corporation or other legal entity with a financial net worth sufficient in Lessor’s reasonable judgment to be able to meet its obligations under this Lease or the sublease in a timely manner; 

(3)    The proposed assignment or sublease shall be subject to approval by Lessor’s mortgage lender, if any, if
Lessor’s mortgage lender so requires under the express terms of the lender’s deed of trust or other loan documents; and if such approval is required, Lessor shall use its good faith efforts to obtain such approval promptly following
Lessee’s request; and 
 (4)    Lessor’s consent to the assignment or sublease shall be in a separate
instrument signed by Lessor, Lessee, and the assignee or sublessee which shall contain the relevant provisions of this Paragraph 17 and otherwise in form reasonably acceptable to Lessor and its counsel. 

(d)    As a condition to Lessor’s granting its consent to any assignment or sublease with requires Lessor’s
consent hereunder, (1) Lessor may require that Lessee reimburse Lessor for Lessor’s reasonable attorneys’ fees incurred in the negotiation, preparation, review, and approval by Lessor and Lessor’s counsel of the documentation for
the proposed assignment or sublease, including Lessor’s consent thereto, not to exceed $1,500 for any transfer occurring during the first sixty (60) months of the Term or $2,500 for any transfer occurring during the remaining sixty-two (62) months of the Terra; (2) Lessor may require that Lessee pay to Lessor, as and when received by Lessee, fifty percent (50%) of the consideration received by Lessee in connection with said
assignment or sublease which is in excess of the rent payable by Lessee to Lessor pursuant to this Lease with respect to such portion of the Premises that is subject to any such assignment or sublease (which shall be allocated on a per square foot
basis), after deducting only (A) the cost of any tenant improvements performed by Lessee in the Property at Lessee’s expense (such as interior painting, carpet cleaning, replacing ceiling tiles, etc.) in connection with such assignment or
sublease (but excluding the Tenant Improvements completed by Lessor pursuant to the Work Letter Agreement attached as Exhibit “B”); (B) a “market” leasing commission (i.e., comparable to commissions currently payable for leases
of similar properties in the vicinity of the Premises) payable by Lessee in consummating such assignment or sublease; and (C) the reasonable attorneys’ fees incurred by Lessee and Lessor in connection with such assignment or sublease,
including the Lessor’s attorneys’ fees referred to above in this subparagraph; and (3) Lessee and the proposed assignee or sublessee shall demonstrate to Lessor’s reasonable satisfaction that the conditions specified by Lessor
for Lessor’s approval, including the conditions referred to in subparagraph (c) above have been satisfied. 

(e)    Each assignment or sublease agreement to which Lessor has consented shall be an instrument in writing which
complies with the provisions of this Paragraph 17 and in form reasonably satisfactory to Lessor, and shall be executed by both Lessee and the assignee or sublessee, as the case may be. Each such assignment or sublease agreement shall recite that it
is and shall be subject and subordinate to the provisions of this Lease, that the assignee or sublessee accepts such 

  
 18 

 
assignment or sublease, that Lessor’s consent thereto shall not constitute a consent by Lessor to any subsequent assignment or subletting by Lessee or the assignee or sublessee, and, except
as otherwise set forth in a sublease approved by Lessor, the sublessee agrees to perform all of the obligations of Lessee hereunder (to the extent such obligations relate to the portion of the Property subleased), and that the termination of this
Lease shall, at Lessor’s election, constitute a termination of every such assignment or sublease unless otherwise agreed by Lessor at the time of Lessor’s consent to such assignment or sublease. 

(f)    If Lessor consents to an assignment or sublease, except as otherwise provided in Paragraphs 17(g) or 17(h), Lessee
shall remain primarily liable to Lessor for all obligations and liabilities of Lessee under this Lease, including, but not limited to, the payment of rent. 

(g)    Notwithstanding the foregoing, Lessee may, without Lessor’s prior written consent, and without any
participation by Lessor in assignment and subletting proceeds, assign this Lease or sublease all or any portion of the Property to a corporation controlling, controlled by, or under common control with, Lessee or to a successor corporation to Lessee
by merger, consolidation or reorganization, or to a purchaser of substantially all of Lessee’s business operations conducted on the Property (each, a “Permitted Transferee”); provided, that except as specified hereafter (and except in
cases where Lessee does not survive the transaction). Lessee shall remain primarily liable for all obligations and liabilities of Lessee under this Lease, including, but not limited to, the payment of rent. Lessee’s foregoing rights to assign
this Lease or to sublease the Property to a Permitted Transferee shall be subject to the following conditions: (1) there shall be no uncured Event of Default (as defined in Paragraph 22) by Lessee under this Lease existing at the time of any
such transfer; (2) Lessee shall remain liable to Lessor hereunder if Lessee survives the transaction; and (3) if as a result of a merger, consolidation, or reorganization Lessee is not a surviving entity, the transferee or successor entity
to Lessee shall have on the effective date of such transaction a tangible net worth as shown on its current balance sheet certified by an officer of the assignee or sublessee (hereinafter “transferee”) or successor entity at least equal to
the tangible net worth of Lessee immediately prior to the effective date of the assignment or sublease, or, if less, financial resources sufficient, in Lessor’s reasonable judgment, to perform the obligations under the assignment or sublease,
as applicable; and (4) the transferee or successor entity shall expressly assume in writing Lessee’s obligations hereunder accruing from and after the effective date of such assignment or subletting. 

(h)    The sale or transfer of Lessee’s capital stock in a public offering pursuant to an effective registration
statement filed by Lessee with the Securities and Exchange Commission or otherwise in connection with any other bona fide financing transaction shall not be deemed an assignment, subletting, or other transfer of this Lease or the Property, provided,
that in the event of the sale, transfer or issuance of Lessee’s securities in connection with a merger, consolidation, or reorganization in which Lessee is not a surviving entity, conditions (1), (3), and (4) in the preceding subparagraph
shall apply. 
 (i)    Subject to the provisions of this Paragraph 17 any assignment or sublease without Lessor’s
prior written consent (where such consent is required hereunder) shall at Lessor’s election be void. The consent by Lessor to any assignment or sublease shall not constitute a waiver of the provisions of this Paragraph 17, including the
requirement of Lessor’s prior written consent, with respect to any subsequent assignment or sublease. If Lessee shall purport to assign this Lease, or sublease all or any portion of the Property, without Lessor’s prior written consent (if
such consent is required hereunder), Lessor may collect rent from the company or other business entity then or thereafter occupying the Property and apply the net amount collected to the rent reserved herein, but

  
 19 

 
such collection shall not be deemed a waiver of Lessor’s rights and remedies under this Paragraph 17, or the acceptance by Lessor of any such purported assignee, sublessee, or occupant, or a
release of Lessee from the further performance by Lessee of any of Lessee’s covenants contained herein. 

(j)    Lessee shall not hypothecate or encumber its interest under this Lease or any rights of Lessee hereunder, or enter
into any license or concession agreement respecting all or any portion of the Property, without Lessor’s prior written consent which shall not be unreasonably withheld, subject to all of the provisions of this Paragraph 17. 

(k)    In the event of any sale or exchange of the Property by Lessor and assignment of this Lease by Lessor, upon
providing Lessee with written confirmation that Lessor has transferred the Security Deposit held by Lessor to Lessor’s successor in interest and upon the assumption by the transferee of all of Lessor’s obligations hereunder accruing from
and after the effective date of such assignment, Lessor shall be and hereby is entirely relieved of all liability for Lessor’s covenants and obligations contained in this Lease with respect to the period commencing with the effective date of
the sale or exchange and assignment. 
 (l)    The parties acknowledge that Lessor has the remedy described in
California Civil Code Section 1951.4 (Lessor may continue the Lease in effect after Lessee’s breach and abandonment and recover rent as it becomes due, if Lessee has the right to sublet or assign, subject only to reasonable limitations).

 18.    Non-Waiver. 

(a)    No waiver of any provision of this Lease shall be implied by any failure of either party to enforce any remedy for
the violation of that provision, even if that violation continues or is repeated. Any waiver by Lessor or Lessee of any provision of this Lease must be in writing. 

(b)    No receipt by Lessor of a lesser payment than the rent required under this Lease shall be considered to be other
than on account of the earliest rent due, and no endorsement or statement on any check or letter accompanying a payment or check shall be considered an accord and satisfaction. Lessor may accept checks or payments without prejudice to Lessor’s
right to recover all amounts due and to pursue all other remedies provided for in this Lease. Lessor’s receipt of money from Lessee after giving notice to Lessee terminating this Lease shall not reinstate, continue, or extend the Lease term or
affect any termination notice given by Lessor before the receipt of the money. After serving notice terminating this Lease, filing an action, or obtaining final judgment for possession of the Property, Lessor may receive and collect any rent, and
the payment of that rent shall not waive or affect such prior notice, action, or judgment. 
 19.    Holding
Over. Lessee shall vacate the Property and deliver possession of the Property to Lessor in the condition required by this Lease upon the expiration or sooner termination of this Lease. In the event of holding over by Lessee after the expiration
or termination of this Lease with Lessor’s prior written consent, such holding over shall be on a month-to-month tenancy and all of the terms and provisions of this
Lease shall be applicable during such period, including, but not limited to, the payment by Lessee to Lessor of Operating Expenses and Taxes as provided in Paragraph 5, except that Lessee shall pay Lessor as Monthly Base Rent during such holdover an
amount equal to the greater of (1) one hundred fifty percent (150%) of the Monthly Base Rent in effect at the expiration or termination of the term, or (2) the then market rent for comparable research and development/office space. If such
holdover is without Lessor’s prior written consent, in addition to the obligation of Lessee 

  
 20 

 
to pay the foregoing amounts, Lessee shall be liable to Lessor for all costs, expenses, and consequential damages incurred by Lessor as a direct result of such holdover and which would not have
otherwise have been incurred. All rent payable during such holdover period shall be payable to Lessor upon demand. 

20.    Damage or Destruction. 

(a)    In the event of a total destruction of the Building and Improvements during the Term from any cause, either party
may elect to terminate this Lease by giving written notice of termination to the other party within thirty (30) days after the casualty occurs. A total destruction shall be deemed to have occurred for this purpose if the Building and
Improvements are destroyed to the extent of seventy-five percent (75%) or more of the replacement cost thereof. If the Building and Improvements are destroyed to the extent of seventy-five percent (75%) or more and this Lease is not terminated by
either Lessor or Lessee, Lessor shall, provided that Lessor receives insurance proceeds in at least said amount (less the applicable deductible), repair and restore the Building and Improvements to substantially the condition existing as of the
Commencement Date of this Lease in a diligent manner and this Lease shall continue in full force and effect, except that rent shall be abated in accordance with Paragraph 20(d) below. 

(b)    In the event of a partial destruction of the Building and Improvements of the Property to an extent exceeding
twenty-five percent (25%) but less than seventy-five percent (75%) of the replacement cost thereof, or if any damage thereto cannot be repaired, reconstructed, or restored within a period of one hundred eighty (180) days from the date of such
casualty, either Lessor or Lessee may terminate this Lease by giving written notice of termination to the other within thirty (30) days after the casualty. 

Furthermore, if such casualty is from a cause which is not required to be insured under Lessor’s special form property insurance, or is
not insured under any other property insurance carried by Lessor, or if the proceeds of insurance received by Lessor when added to the applicable deductible are not sufficient to repair and restore the Building and Improvements, Lessor may elect
(1) to repair and restore the Building and Improvements (provided that Lessee has not elected to terminate this Lease pursuant to the first sentence of this Paragraph 20(b)), or (2) to terminate this Lease by giving written notice of
termination to Lessee. Lessor’s election to repair and restore the Building and Improvements or to terminate this Lease shall be made and written notice thereof shall be given to Lessee within thirty (30) days after the casualty. 

If this Lease is not terminated by Lessor or Lessee pursuant to the foregoing provisions, Lessor shall complete the repairs in a diligent
manner and this Lease shall continue in full force and effect, except that Monthly Base Rent shall be abated in accordance with Paragraph 20(d) below. 

(c)    (c) In the event of a partial destruction of the Building and Improvements of the Property to an extent not
exceeding twenty-five percent (25%) of the replacement cost thereof and if the damage thereto can be repaired, reconstructed, or restored within a period of one hundred eighty (180) days from the date of such casualty, and if the casualty is
from a cause which is insured under Lessor’s special form insurance, or is insured under any other coverage then carried by Lessor, and Lessor receives proceeds of insurance sufficient to repair and restore the Building and Improvements, Lessor
shall forthwith repair the same, and this Lease shall continue in full force and effect, except that Monthly Base Rent shall be abated in accordance with Paragraph 20(d) below. If any of the foregoing conditions is not met, Lessor shall have the
option either to repair and restore the Building and Improvements, in which event this Lease shall remain in frill force and effect, or to terminate this Lease by giving written notice of termination to Lessee within thirty (30) days after the
casualty. 

  
 21 

 (d)    In the event of repair, reconstruction, or restoration as
provided herein, Monthly Base Rent and Additional Rent shall be abated proportionally in the ratio which the Lessee’s use of the Property is impaired during the period commencing with the date of the casualty and ending when the repair or
restoration is substantially completed. 
 (e)    With respect to any destruction of the Property which Lessor is
obligated to repair, or may elect to repair, under the terms of this Paragraph 20, the provisions of Section 1932, Subdivision 2, and of Section 1933, Subdivision 4, of the Civil Code of the State of California are waived by the parties.
Lessor’s obligation to repair and restore the Property shall be limited to the improvements existing as of the Commencement Date of the term of this Lease, provided that Lessor receives insurance proceeds net of deductibles in at least the
amount necessary to repair and restore the Property. Lessor’s time for completion of the repairs and restoration of the Property shall be extended by the number of work days that the repair and restoration is delayed by strikes, labor disputes,
unavailability of materials, inclement weather, acts of God, or other causes beyond Lessor’s control. 
 (f)    In
the event of termination of this Lease pursuant to any of the provisions of this Paragraph 20, the rent shall be apportioned on a per diem basis and shall be paid to the date of the casualty. In no event shall Lessor be liable to Lessee for any
damages incurred by Lessee from such casualty, or from the repairs or restoration of the Building and Improvements by Lessor pursuant to this Paragraph 20, or from the termination of this Lease as provided herein, nor shall Lessee be relieved
thereby from any of Lessee’s obligations hereunder, except to the extent and upon the conditions expressly set forth in this Paragraph 20. 

21.    Eminent Domain. 

(a)    If all or any substantial part of the Property is taken by eminent domain for any public use or purpose, this Lease
shall terminate with respect to the Property or the part so taken upon the earlier to occur of the date when the possession of the part so taken is required for such use or purpose or the vesting of title in the condemning authority. Rent shall be
apportioned as of the date of such termination. Lessee shall be entitled to receive any damages awarded to Lessee by the court for (1) any personal property owned by Lessee, and (2) reasonable costs of moving to another location in Santa
Clara County. The entire balance of the award shall be the property of Lessor. 
 (b)    If there is a partial taking of
the Property by eminent domain which is not a substantial part of the Building or the Property and the balance of the Property remains reasonably suitable for continued use and occupancy by Lessee for the purposes permitted by this Lease, Lessor
shall complete any necessary repairs in a diligent manner and this Lease shall remain in full force and effect with a just and proportionate abatement of the Monthly Base Rent and Additional Rent, to reflect the reduction in the rental value of the
Property caused by the partial taking. If after a partial taking, the Property is not reasonably suitable for Lessee’s continued use and occupancy for the uses permitted herein, Lessee may terminate this Lease effective on the earlier of the
date title vests in the condemning authority or the date possession is taken. Subject to the provisions of Paragraph 21 (a), the entire award for such taking shall be the property of Lessor. 

  
 22 

 22.    Default. 

(a)    A default under this Lease by Lessee shall exist if any of the following occurs (each, an “Event of
Default”): 
 (1)    If Lessee fails to pay any Monthly Base Rent, Additional Rent, or any other sum required to
be paid hereunder when due which failure continues uncured for a period of three (3) days after written notice thereof; 

(2)    If Lessee fails to perform any term, covenant or condition of this Lease except those requiring the payment of
money, and Lessee fails to cure such breach within thirty (30) days after written notice from Lessor where such breach could reasonably be cured within such thirty (30) day period; provided, however, that where such failure could not
reasonably be cured within the thirty (30)) day period; that Lessee shall not be in default if Lessee commences such performance within the thirty (30)) day period and diligently thereafter prosecutes the same to completion; 

(3)    If Lessee’s interest in this Lease is assigned or transferred, either voluntarily or by operation of law
(except as expressly permitted by other provisions of this Lease); 
 (4)    If Lessee assigns its assets for the
benefit of its creditors; or 
 (5)    If a court makes or enters any decree or order other than under the bankruptcy
laws of the United States adjudging Tenants to be insolvent; or approving as properly filed a petition seeking reorganization of Tenants; or directing the winding up or liquidation of Tenants and such decree or order shall have continued for a
period of sixty (60) days. 
 (b)    In the Event of a Default by Lessee, Lessor may terminate this Lease and
remove ail persons and property therefrom and Lessor may recover from Lessee: 
 (1)    the worth at the time of award
of the unpaid rent which had been earned at the time of termination, including interest thereon at the maximum lawful rate from the time of termination until paid; 

(2)    the worth at the time of award of the amount by which the unpaid rent which would have been earned after
termination until the time of award exceeds the amount of such rental loss that Lessee proves could have been reasonably avoided, including interest thereon at the maximum lawful rate from the time of termination until paid; 

(3)    the worth at the time of award of the amount by which the unpaid rent for the balance of the term after the time
of award exceeds the amount of such rental loss for the same period that Lessee proves could be reasonably avoided, computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of award plus one
percent (1%); and 
 (4)    any other amount necessary to compensate Lessor for all the detriment proximately caused by
Lessee’s failure to perform its obligations under this Lease or which in the ordinary course of things would be likely to result therefrom. 

(c)    If Lessor does not take possession of the Premises or terminate Lessee’s right to occupy the Premises, then
this Lease shall continue in effect for so long as Lessor does not terminate 

  
 23 

 
Lessee’s right to possession and Lessor may enforce all of its rights and remedies under this Lease, including the right to recover the rent and other sums due from Lessee hereunder as and
when due. For the purposes of this Paragraph 22, the following do not constitute a repossession of the Property by Lessor or a termination of the Lease by Lessor: (1) acts of maintenance or preservation by Lessor or efforts by Lessor to relet
the Property; or (2) the appointment of a receiver by Lessor to protect Lessor’s interests under this Lease. 

23.    Lessee’s Personal Property. If any of Lessee’s Personal Property remains on the
Property after (1) Lessor terminates this Lease pursuant to Paragraph 22 above following an Event of Default by Lessee, or (2) the expiration of the Term or after the termination of this Lease pursuant to any other provisions hereof,
Lessor shall give written notice thereof to Lessee pursuant to Applicable Laws. Lessor shall thereafter release, store, or dispose of any such personal property of Lessee in accordance with the provisions of applicable law. 

24.    Notices. All notices, statements, demands, requests, or consents given hereunder by either party to the
other shall be in writing and, except for notices and copies sent to an address outside of the United States (in which case they shall be sent by common carrier for three (3) day delivery), shall be personally delivered or sent by Federal
Express or other overnight courier service, or by United States mail, registered or certified, return receipt requested, postage prepaid, and addressed to the parties as follows: 

 

			
	Lessor:	  	Batton Family Investments, L.P.
		  	c/o LDRL Management Company, LLC
		  	1000 C Commercial Street
		  	San Carlos, California 94070
		  	Attention: Ryan D. Balzer
		
	Lessee:	  	SiTime Corporation
		  	990 Almanor Avenue, Suite 200
		  	Sunnyvale, California 94085
		  	Attention: Samsheer Ahmad

 Either party may change its address for notice by giving thirty (30) days’ prior written notice to the other party
of the new address for notice in accordance with the foregoing provision. Notice to Lessee shall be deemed given upon receipt by Lessee of notice at the address of Lessee referred to above, or attempted delivery where delivery is not accepted. 

25.    Estoppel Certificates. Lessee shall within fifteen (15) days following request by Lessor execute and
deliver to Lessor an Estoppel Certificate (1) certifying that this Lease has not been modified and certifying that this Lease is in full force and effect, or, if modified, stating the nature of such modification and certifying that this Lease,
as so modified, is in full force and effect; (2) stating the date to which the rent and any other charges are paid in advance, if at all; (3) stating the amount of any security deposit held by Lessor; (4) acknowledging that there are
not any uncured defaults by Lessor under this Lease, or if there are uncured material defaults on the part of Lessor following the expiration of all applicable notice and cure periods, stating the nature of such uncured material defaults; and
(5) any other provisions reasonably requested by Lessor or a prospective purchaser of the Property or a lender. 

26.    Parking. Lessee shall have the right to use all of the on-site
vehicular parking spaces in the parking area on the Property at no additional cost to Lessee, except for the payment by Lessee of the Operating Expenses and Taxes of the Property. 

  
 24 

 27.    Signage. Lessee shall have the exclusive right to install
Lessee’s identification signage on the monument sign for the Property and the exterior of the Building, at Lessee’s sole expense, subject to (i) Lessor’s prior approval of the size, design and location of any exterior Building
signage, (ii) Lessee’s receipt of all necessary approvals from the City of Santa Clara, and (iii) Lessee’s compliance with all applicable ordinances and regulations. Lessee shall not place any other signs on or about the Building
or the Property without Lessor’s prior written consent, which consent Lessor may withhold in Lessor’s sole discretion. Lessee shall promptly remove all of Lessee’s signage from the Building and elsewhere on the Property at
Lessee’s expense upon the expiration or sooner termination of this Lease. 
 28.    Real Estate Brokers.
Subject to the execution and delivery of this Lease, Lessor shall pay a leasing commission for this Lease to Cassidy Turley Commercial Real Estate Services, Inc., d.b.a. Cushman & Wakefield (“Broker”) pursuant to the terms of a
separate written agreement. Lessor and Lessee each represent to the other that it has not had any dealings with any real estate broker, finder, or other person with respect to this Lease other than Broker. Lessor and Lessee shall each indemnify,
defend, and hold harmless the other from all damages, expenses, and liabilities resulting from any claims that may be asserted against the other party by any other broker, finder, or other person with whom the indemnifying party has or purportedly
has dealt in connection with this Lease. 
 29.    Approvals. Notwithstanding anything to the contrary in this
Lease, whenever this Lease requires the approval, consent, designation, determination, or judgment by either Lessor or Lessee, such approval, consent, designation, determination, or judgment by either Lessor or Lessee (including, without limiting
the generality of the foregoing, those required in connection with assignment and subletting), shall not be unreasonably withheld or delayed and in exercising any right or remedy hereunder, each party shall at all times act reasonably and in good
faith. 
 30.    Subordination: Attornment. Lessee agrees to execute, acknowledge, and deliver to Lessor upon
reasonable request from time to time during the Term of this Lease a Subordination, Non-Disturbance and Attornment Agreement (“SNDA”) in the form requested by Lessor’s mortgage lender, if any,
on the condition that Lessor and Lessor’s lender shall execute, acknowledge and deliver to Lessee promptly thereafter a copy of the SNDA providing that so long as Lessee is not in default under this Lease, Lessee’s possession of the
Property and its rights under this Lease shall not be disturbed in the event of the foreclosure of the mortgage to which this Lease is subordinated by the SNDA, or in the event of the delivery of a deed in lieu of foreclosure, and further providing
that upon request Lessee shall attorn to the lender or the purchaser of the Property at the foreclosure sale or by deed in lieu of foreclosure. Promptly following the execution and delivery of this Lease, Lessor shall request in writing of any
lender holding a security interest in the Property, or any portion thereof, that such lender execute an SNDA which shall include the granting of non-disturbance rights to Lessee so long as Lessee is not in
default hereunder. Lessor shall exercise commercially reasonable efforts to obtain such SNDA, but this Lease shall not be conditioned upon any lender executing an SNDA. 

31.    Breach by Lessor. 

(a)    Lessor shall not be deemed in breach of this Lease unless Lessor fails within a reasonable time after receipt of
written notice from Lessee to perform an obligation required to be performed by Lessor pursuant to this Lease. For purposes of this Paragraph 31, a reasonable time shall 

  
 25 

 
in no event (other than an emergency) be less than thirty (30) days after receipt by Lessor, and by the holders of any mortgage or deed of trust covering the Property whose name and address
have been furnished to Lessee in writing for such purposes, of written notice specifying wherein such obligation of Lessor has not been performed; provided, however, that if the nature of Lessor’s obligation is such that more than thirty
(30) days after receipt of such notice are reasonably required for its performance, then Lessor shall not be in breach of this Lease if performance is commenced within such thirty (30) day period and thereafter diligently pursued to
completion. 
 (b)    In the event of a breach of this Lease by Lessor, Lessee’s sole remedy shall be to institute
an action against Lessor for damages or for equitable relief, but Lessee shall not have the right to rent abatement, to offset against rent, or to terminate this Lease other than as expressly set forth in this Lease. 

32.    Lessor’s Entry. Except in the case of an emergency and except for permission by an
employee of Lessee to enter during Lessee’s normal working hours. Lessor and Lessor’s agents shall provide Lessee with at least twenty-four (24) hours’ notice prior to entry of the Building. Such entry by Lessor and Lessor’s
agents shall not interfere with Lessee’s operations more than reasonably necessary. Lessor and Lessor’s agents shall at all times be accompanied by a representative of Lessee during any such entry except in case of emergency. Lessor may
enter the Building at any time without prior notice to Lessee, and without a representative of Lessee present, if Lessee has vacated the Building. 

33.    Attorneys’ Fees. If any action at law or in equity is brought to recover any rent under
this Lease, or for or on account of any breach of or to enforce or to interpret any provisions of this Lease or for recovery of the possession of the Property, the prevailing party shall be entitled to recover from the other party costs of suit and
reasonable attorneys’ fees, the amount of which shall be fixed by the court and shall be made a part of any judgment rendered. 

34.    Quiet Possession. So long as no Event of Default by Lessee under this Lease remains uncured. Lessee shall
have quiet enjoyment and possession of the Property for the entire Term hereof subject to all of the provisions of this Lease. 

35.    General Provisions. 

(a)    Nothing contained in this Lease shall be deemed or construed by the parties hereto or by any third person to create
the relationship of principal and agent or of partnership or of joint venture of any association between Lessor and Lessee, and neither the method of computation of rent nor any other provisions contained in this Lease nor any acts of the parties
hereto shall be deemed to create any relationship between Lessor and Lessee other than the relationship of landlord and tenant. 

(b)    Lessor and Lessee agree that each has had an opportunity to determine to its satisfaction the actual area of the
Building. All measurements of area contained in this Lease are conclusively agreed to be correct and binding on the parties, even if a subsequent measurement of one of these areas determines that it is more or less than the area reflected in this
Lease. Any such subsequent determination that the area is more or less than the area shown in this Lease shall not result in a change in any of the computations of rent or any other matters described in this Lease where area is a factor. 

  
 26 

 (c)    Each and all of the provisions of this Lease shall be binding
upon and inure to the benefit of the parties hereto, and except as otherwise specifically provided elsewhere in this Lease, their respective heirs, executors, administrators, successors, and assigns, subject at all times, nevertheless, to all
agreements and restrictions contained elsewhere in this Lease with respect to the assignment, transfer, encumbering of all or any part of Lessee’s interest in this Lease or the subletting of all or any part of the Property. 

(d)    The captions of the paragraphs of this Lease are for convenience only and shall not be considered or referred to in
resolving questions of interpretation or construction. 
 (e)    This Lease is and shall be considered to be the only
agreement between the parties hereto and their representatives and agents. All negotiations and oral agreements acceptable to both parties have been merged into and are included herein. There are no other representations or warranties between the
parties and all reliance with respect to representations is solely upon the representations and agreements contained in this instrument. 

(f)    The laws of the State of California shall govern the validity, performance, and enforcement of this Lease, without
regard to conflicts of laws provisions. Notwithstanding which of the parties may be deemed to have prepared this Lease, this Lease shall not be interpreted either for or against Lessor or Lessee, but this Lease shall be interpreted in accordance
with the general tenor of the language in an effort to reach an equitable result. 
 (g)    Time is of the essence with
respect to the performance of each of the covenants and agreements contained in this Lease. 
 (h)    Recourse by Lessee
for breach of this Lease by Lessor shall be expressly limited to Lessor’s interest in the Property and the rents, issues and profits (herefrom, and no other assets of Lessor or any manager, member, property manager, employee, or agent thereof.
In the event of any such breach or default by either party hereunder, the non-breaching party hereby waives the right to proceed against any assets of any manager, member, property manager, employee, or agent
of the party in breach, 
 (i)    Any provision or provisions of this Lease which shall be found to be invalid, void or
illegal by a court of competent jurisdiction, shall in no way affect, impair, or invalidate any other provisions hereof, and the remaining provisions hereof shall nevertheless remain in full force and effect. 

(j)    This Lease may be modified in writing only, signed by the parties in interest at the time of such modification.
This Lease and all subsequent modifications thereto maybe executed in counterparts, each of which shall constitute an original. Facsimile or “.pdf’ copies of signatures shall constitute proper and binding execution of all writings and may
be relied on by the other party as if original. 
 (k)    Each party represents to the other that the persons signing
this Lease on its behalf are properly authorized to do so. Upon the request of either party, evidence of the written authority of such persons to sign on behalf of the other party shall be provided to the requesting party hereto either prior to or
simultaneously with the return to the requesting party of a fully executed copy of this Lease. 
 (l)    No binding
agreement between the parties with respect to the Property shall arise or become effective until this Lease has been duly executed by both Lessee and Lessor and a fully executed copy of this Lease has been delivered to both Lessee and Lessor. 

  
 27 

 (m)    Lessor and Lessee acknowledge that the terms and conditions of
this Lease constitute confidential information of Lessor and Lessee. Neither party shall disseminate orally or in written form a copy of this Lease, lease proposals, lease drafts, or other documentation containing the terms, details or conditions
contained herein to any third party without obtaining the prior written consent of the other party, except to the attorneys, accountants, or other authorized business representatives or agents of the parties, or to the extent required to comply with
applicable Laws (including applicable securities laws). 
 (n)    Except as otherwise provided in Paragraph 19, Lessor
and Lessee waive any claim for consequential damages which one may have against the other for breach of or failure to perform or observe the requirements and obligations created by this Lease. 

(o)    This Lease shall not be recorded. 

(p)    Lessee and Lessor (each, a “Representing Party”) each represents and warrants to the other (i) that
neither the Representing Party nor any person or entity that directly owns a ten percent (10%) or greater equity interest in it nor any of its officers, directors or managing members is a person or entity (each, a “Prohibited Person”) with
whom U.S. persons or entities are restricted from doing business under regulations of the Office of Foreign Asset Control (“OFAC”) of the Department of the Treasury (including those named on OFAC’s Specially Designated and Blocked
Persons List) or under any statute, executive order (including Executive Order 13224 (the “Executive Order”) signed on September 24, 2001 and entitled “Blocking Property and Prohibiting Transactions with Person Who Commit,
Threaten to Commit, or Support Terrorism), or other governmental action, (ii) that the Representing Party’s activities do not violate the International Money Laundering Abatement and Financial Anti-Terrorism Act of 2001 or the regulations
or orders promulgated thereunder (as amended from time to time, the “Money Laundering Act”), and (iii) that throughout the term of this Lease the Representing Party shall comply with the Executive Order and with the Money Laundering
Act. 
 IN WITNESS WHEREOF, the Lessor and Lessee have duly executed this Lease as of the date first set forth herein. 

 

					
	“Lessor”
	
	BATTON ASSOCIATES, LLC,
	a California limited liability company
		
	By:	 	W. F. Batton Management Company,
		 	a California corporation, Manager
			
		 	By:	 	 /s/ Harold Balzer

		 		 	Harold Balzer, President

  
 28 

 
			
	“Lessee”
	
	SITIME CORPORATION,
	a Delaware corporation
		
	By:	 	 /s/ Rajesh Vashist

		 	Rajesh Vashist, CEO

  
 29 

 TABLE OF CONTENTS 

 

							
			
	 1.
	  	 Lease
	  	 	1	 
			
	 2.
	  	 Term
	  	 	1	 
			
	 3.
	  	 Option to Extend
	  	 	2	 
			
	 4.
	  	 Monthly Base Rent
	  	 	4	 
			
	 5.
	  	 Additional Rent; Operating Expenses and Taxes
	  	 	5	 
			
	 6.
	  	 Payment of Rent
	  	 	7	 
			
	 7.
	  	 Security Deposit
	  	 	8	 
			
	 8.
	  	 Use
	  	 	8	 
			
	 9.
	  	 Environmental Matters
	  	 	8	 
			
	 10.
	  	 Taxes on Lessee’s Property
	  	 	10	 
			
	 11.
	  	 Insurance
	  	 	10	 
			
	 12.
	  	 Indemnification
	  	 	12	 
			
	 13.
	  	 Lessor Work; Condition of Property
	  	 	12	 
			
	 14.
	  	 Maintenance and Repairs; Alterations; Surrender and Restoration
	  	 	14	 
			
	 15.
	  	 Utilities and Services
	  	 	16	 
			
	 16.
	  	 Liens
	  	 	16	 
			
	 17.
	  	 Assignment and Subletting
	  	 	17	 
			
	 18.
	  	 Non-Waiver
	  	 	20	 
			
	 19.
	  	 Holding Over
	  	 	20	 
			
	 20.
	  	 Damage or Destruction
	  	 	21	 
			
	 21.
	  	 Eminent Domain
	  	 	22	 
			
	 22.
	  	 Default
	  	 	23	 
			
	 23.
	  	 Lessee’s Personal Property
	  	 	24	 
			
	 24.
	  	 Notices
	  	 	24	 
			
	 25.
	  	 Estoppel Certificates
	  	 	24	 
			
	 26.
	  	 Parking
	  	 	24	 
			
	 27.
	  	 Signage
	  	 	25	 
			
	 28.
	  	 Real Estate Brokers
	  	 	25	 
			
	 29.
	  	 Approvals
	  	 	25	 
			
	 30.
	  	 Subordination: Attornment
	  	 	25	 
			
	 31.
	  	 Breach by Lessor
	  	 	25	 

  
 i 

							
			
	 32.
	  	 Lessor’s Entry
	  	 	26	 
			
	 33.
	  	 Attorneys’ Fees
	  	 	26	 
			
	 34.
	  	 Quiet Possession
	  	 	26	 
			
	 35.
	  	 General Provisions.
	  	 	26	 

  
 ii

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