Document:

EX-10.17

 [*] = Text Omitted and Filed Separately with the Securities and Exchange Commission.
Confidential Treatment Requested under 17 C.F.R. Sections 200.80(b)(4) and 230.406. 
 Exhibit 10.17 

GENERAL PURCHASE AGREEMENT (GPA) 

between 
 eASIC Corporation, a United
States corporation that is incorporated in Delaware, having a tax ID# 77-0532688, and having its principal place of business at 2585 Augustine Drive, Suite 100, Santa Clara, CA 95054, United States. 

and 
 ERICSSON AB, a limited liability
company duly incorporated and existing under the laws of Sweden, with organization number 556056-6258 and having address Torshamnsgatan 23, SE-164 80 Stockholm, Sweden. 

 TABLE OF CONTENTS 

PREAMBLE 
  

							
	 1.
	 	 DEFINITIONS
	  	 	1	  
	 2.
	 	 SCOPE OF AGREEMENT
	  	 	3	  
	 3.
	 	 ORDERING PROCEDURE
	  	 	4	  
	 4.
	 	 PRICES AND TERMS OF PAYMENT
	  	 	5	  
	 5.
	 	 TERMS OF DELIVERY
	  	 	5	  
	 6.
	 	 PACKING AND LABELLING
	  	 	6	  
	 7.
	 	 QUALITY AND CODE OF CONDUCT
	  	 	6	  
	 8.
	 	 RECEIPT OF GOODS
	  	 	7	  
	 9.
	 	 WARRANTY
	  	 	7	  
	 10.
	 	 DELAY
	  	 	9	  
	 11.
	 	 PRODUCT LIABILITY
	  	 	10	  
	 12.
	 	 CONTINUITY OF SUPPLY
	  	 	10	  
	 13.
	 	 INTELLECTUAL PROPERTY RIGHTS
	  	 	11	  
	 14.
	 	 INFRINGEMENT
	  	 	12	  
	 15.
	 	 BUYER DOCUMENTATION TOOLS AND BUYER DESIGN
	  	 	12	  
	 16.
	 	 EXPORT AND IMPORT
	  	 	13	  
	 17.
	 	 CONFIDENTIALITY
	  	 	13	  
	 18.
	 	 FORCE MAJEURE
	  	 	14	  
	 19.
	 	 TERM AND TERMINATION
	  	 	14	  
	 20.
	 	 CONTACT PERSONS
	  	 	15	  
	 21.
	 	 LIMITATION OF LIABILITY
	  	 	15	  
	 22.
	 	 MISCELLANEOUS
	  	 	15	  
	 23.
	 	 DISPUTES AND GOVERNING LAW
	  	 	16	  

  

					
	 EXHIBIT 1
	  	 CODE OF CONDUCT

		
	 EXHIBIT 2
	  	 BANNED AND RESTRICTED SUBSTANCES

		
	 EXHIBIT 3
	  	 PRODUCT PURCHASING RIGHTS EXHIBIT

  
 [*] = Text Omitted and Filed
Separately with the Securities and Exchange Commission. Confidential Treatment Requested under 17 C.F.R. Sections 200.80(b)(4) and 230.406. 

  
 -i- 

 PREAMBLE 

Whereas, Ericsson Companies develop, produce, sell and provide telecommunication systems, products and services globally. 

Whereas, Seller sells, distributes and markets the Goods. 

Whereas, the parties hereby enter into this Agreement in order to assure the supply of Goods for purchase by Ericsson Companies and Authorized
Companies in sufficient quantities and of sufficient quality and to detail the obligations of the parties and other terms and conditions for the supply and delivery of the Goods. 

Whereas, the parties acknowledge that this Agreement needs to be supplemented by one or more SPAs. 

NOW, THEREFORE, the parties agree as follows. 
  

	1	DEFINITIONS 

  

	1.1	For the purpose of this Agreement, the following terms shall have the meanings hereby assigned to them unless the context would obviously require otherwise. 

 

			
	“Agreement”	  	means this general purchase agreement, including its exhibits and any other attachments hereto, together with any amendments, modifications and supplements executed by the parties.
		
	“Aggregated Purchase Value”	  	means the higher of: i) the total value of the aggregate purchase prices paid for all Goods delivered under this Agreement and any SPA referring to this Agreement, during a period of [*] prior to the relevant claim or delay; or
ii) the total value of the aggregate purchase prices to be paid for Goods estimated to be delivered under this Agreement and any SPA referring to this Agreement during the forthcoming period of [*] immediately following the relevant claim or
delay.
		
	“Authorized Company”	  	means a company (e.g., a so called electronic manufacturer supplier or logistic provider) which has been listed in an SPA as a company, which is entitled to place purchase orders under the said SPA for the Goods.
		
	“Business Days”	  	means the normal business days (excluding Saturdays and Sundays) of the Seller Company having received a purchase order for the Goods.
		
	“Buyer”	  	means the Ericsson Company or Authorized Company which has issued a purchase order for the Goods under this Agreement and the relevant SPA, and which accordingly is the contracting party for the specific Contract.
		
	“Buyer Design”	  	means any database tape, test tape, design, simulation information, functional specifications, schematics, files of electronic designs, test patterns and other relevant information or documentation prepared by Buyer and licensed
to Seller under the Agreement for the purpose of Seller’s manufacturing of the Goods for Buyer

  
 [*] = Text Omitted and Filed
Separately with the Securities and Exchange Commission. Confidential Treatment Requested under 17 C.F.R. Sections 200.80(b)(4) and 230.406. 

  
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	“Buyer Documentation”	  	means any drawings, technical documents, software programs or other documents in whatever medium or format submitted to Seller by Buyer or any Ericsson Company, and any documents related to any Buyer Tools.
		
	“Buyer Tools”	  	means any tool, model, fixture, measuring instrument, equipment or equivalents, made available by Buyer or any Ericsson Company, or acquired or produced by Seller at Buyer’s expense.
		
	“Code of Conduct”	  	means the at all times latest version of Ericsson’s code of conduct as further described in Article 7 (Quality and Code of Conduct).
		
	“Contract”	  	means a specific sourcing contract regarding Buyer’s procurement of the Goods, concluded by the relevant Buyer and the relevant Seller Company in accordance with Article 3 (Ordering Procedure).
		
	“Customer Damages”	  	means damages, costs or expenses paid by any Ericsson Company, to any customer to which the Goods have been sold to or leased to by an Ericsson Company, due to the Ericsson Company’s contractual liability and/or mandatory
law, and caused by defective Goods.
		
	“Ericsson”	  	means the Ericsson Company having signed this Agreement.
		
	“Ericsson Company”	  	means Telefonaktiebolaget LM Ericsson (publ) or any other company whose votes and/or capital are to fifty per cent (50%) or more controlled directly or indirectly by Telefonaktiebolaget LM Ericsson (publ).
		
	“Goods”	  	means any components, equipment, parts, merchandise or other assets purchased under this Agreement and the applicable SPA.
		
	“Intellectual Property Rights”	  	means any and all intellectual property rights including, but not limited to, patents, copyrights, trademarks, trade name rights, trade secret rights, know-how, source and object codes, algorithms, mask works, designs, utility
models, and all improvements and amendments thereof, as well as all registrations, applications, renewals, extensions, continuations, divisions or reissues thereof now or hereafter in force.
		
	“Lead Time”	  	means an agreed period of time with or without forecast, immediately preceding the delivery date.
		
	“Seller”	  	means (i) the Seller Company having signed this Agreement, or (ii) as regard to the particular rights and obligations relating to a Contract, the Seller Company which has received a purchase order under this Agreement and the
relevant SPA, and which accordingly is the contracting party for the specific Contract.
		
	“Seller Company”	  	means Seller’s ultimate parent company or any company whose votes are to more than fifty per cent (50%) controlled directly or indirectly by such company.

  
 [*] = Text Omitted and Filed
Separately with the Securities and Exchange Commission. Confidential Treatment Requested under 17 C.F.R. Sections 200.80(b)(4) and 230.406. 

  
 -2- 

			
	“Site”	  	means the delivery address of Buyer, distributors and customers (purchasers and users) and actual location(s), (i) where the Goods are actually incorporated into a customer’s system(s), or (ii) where the Goods are stored
prior to be incorporated into a customer’s system(s).
		
	“SPA”	  	means a specific purchase agreement concluded in accordance with Article 2 (Scope of Agreement) below and referring to this Agreement.
		
	“Specification”	  	means the from time to time mutually agreed specification, which shall include Seller’s sign-off sheet and product family data sheet applicable to the Goods, and such other documents as may be agreed by the Parties. Any
changes to the Specification shall be mutually agreed between the Parties.

  

	1.2	Other capitalized expressions used in this Agreement or an SPA shall have the meanings respectively assigned to them. 

  

	1.3	Words indicating the singular only also include the plural and vice-versa, where the context so requires. 

  

	1.4	The headings of the Articles are for convenience only and shall not affect their interpretation. 

  

	2	SCOPE OF AGREEMENT 

  

	2.1	This Agreement comprises the general terms and conditions under which a Seller may manufacture or otherwise produce and assembly Goods for any Ericsson Company provided such Goods is intended for and will be purchased
by a Buyer under a Contract. Any Ericsson Companies and Authorized Companies may purchase such Goods from Seller Companies. The specific terms and conditions regarding the manufacture and purchase of the Goods, if any additional to the provisions
set out herein, shall be regulated in one or more SPA. 

  

	2.2	Any Ericsson Company may conclude SPAs with any Seller Company on terms and conditions mutually agreed upon. 

  

	2.3	Unless otherwise stated in an SPA, all Ericsson Companies are entitled to place purchase orders under the SPA for the Goods. The Seller Companies that are obligated to accept the purchase orders under the SPA shall be
listed in the same SPA. The SPA may also state upon mutual agreement which Authorized Companies in addition to the Ericsson Companies that are entitled to issue purchase orders for the Goods under this Agreement and the applicable SPA.

  

	2.4	Buyer shall submit purchase orders in accordance with Article 3 (Order Procedure) and the relevant parties will conclude Contracts in accordance with the said Article. 

 

	2.5	Any forecasts provided to any Seller Company shall be for planning purposes only. The quantities listed in the SPA are estimates only and do not constitute a commitment by Ericsson or Buyer, unless otherwise expressly
stated in the SPA. 

  
 [*] = Text Omitted and Filed
Separately with the Securities and Exchange Commission. Confidential Treatment Requested under 17 C.F.R. Sections 200.80(b)(4) and 230.406. 

  
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	3	ORDERING PROCEDURE 

  

	3.1	With regard to the Goods, Ericsson Companies and Authorized Companies may issue purchase orders in writing, by telefax or, if applicable, by means of EDI. 

 

	3.2	Seller shall within [*] from Seller’s receipt of the purchase order acknowledge receipt of the purchase order, and within [*] from the receipt notify the company having submitted the order if, in Seller’s
opinion, the purchase order is not consistent with the provisions of this Agreement or the SPA. 

  

	3.3	Seller shall at all times use its reasonable efforts to verify whether a purchase order is suitable for its purpose or erroneous. In the event Seller has reason to believe that the purchase order is in any respect
erroneous or for other reasons must be adjusted, Seller shall immediately notify the ordering party. Seller shall not start its planning, procurement, staffing and other manufacturing activities earlier than is reasonably required in order to meet
the applicable delivery dates. 

  

	3.4	A Contract between Seller and Buyer shall be considered concluded when Seller has received a purchase order, provided that the purchase order is in accordance with the terms and conditions of this Agreement and the
relevant SPA. The Contract is legally binding upon the parties thereto. 

  

	3.5	If the purchase order is not in accordance with the terms and conditions of this Agreement or the SPA, a Contract shall be considered concluded either when: (i) Seller has accepted the said purchase order, or
(ii) Seller has received the purchase order and failed to give written notification pursuant to Subarticle 3.2 that the purchase order is not in accordance with this Agreement or the SPA. 

 

	3.6	If Seller has notified pursuant to Subarticle 3.2 that the purchase order is not in accordance with this Agreement or the SPA, no Contract is concluded. Instead, the parties shall discuss and agree if a new corrected
purchase order shall be issued or if the incorrect purchase order can be accepted, however with certain modifications. In such case, such modifications shall be documented in writing and will form part of the purchase order. When such an agreement
has been made, a Contract shall be considered concluded. 

  

	3.7	When a Contract has been concluded, this Agreement and the SPA shall then be deemed to be integrated parts of such Contract. 

  

	3.8	For the sake of clarification, the parties acknowledge that the parties to the Contract are: 

  

	 	(a)	the Ericsson Company or Authorized Company which has submitted the purchase order; and 

  

	 	(b)	the Seller Company which has received the purchase order. 

  

	3.9	Provided that Ericsson is not the party to the Contract, the parties also acknowledge that: 

  

	 	(a)	Buyer is an independent company who acts in its own name and for its own account, and has no authority to bind or impose any legal or other obligation or liability upon Ericsson; 

 
 [*] = Text Omitted and Filed Separately with the Securities and
Exchange Commission. Confidential Treatment Requested under 17 C.F.R. Sections 200.80(b)(4) and 230.406. 

  
 -4- 

	 	(b)	Ericsson assumes no legal or other obligation with regard to the Contract; 

  

	 	(c)	Seller’s remedies in the event of any breach by Buyer or of any obligation owed to Seller in respect of a Contract, may be exercised solely against the relevant Buyer. Provided, however, that if Seller holds
delivery of product or otherwise exercises any permissible remedy against a Buyer by reason of non-payment or late payment of amounts due, such action shall not constitute a breach of this Agreement as against Ericsson or any other Buyer. Seller
shall as soon as practicable notify Ericsson of the action it intends to take and the reasons therefor; and 

  

	 	(d)	Buyer is not entitled to terminate or amend this Agreement or an SPA (unless Buyer has signed the relevant SPA), however it is entitled to terminate or amend a Contract in accordance with this Agreement.

  

	3.10	A Contract shall consist of the following documents: 

  

	 	(a)	the purchase order, excluding any general purchasing conditions, if such have been enclosed with the purchase order; 

  

	 	(b)	this Agreement; and 

  

	 	(c)	the applicable SPA. 

 In case of inconsistencies, the different agreement documents will prevail
in accordance with the above order, unless an explicit reference has been made in the subordinated document to the effect that a certain provision shall prevail notwithstanding certain provisions in the superior document. 

 

	3.11	Seller undertakes to inform any potential Buyer of the existence of this Agreement. 

  

	4	PRICES AND TERMS OF PAYMENT 

  

	4.1	The prices shall be set out in the SPA. Unless otherwise agreed in the SPA, such prices are firm and fixed and shall include the cost of packing and package. 

 

	4.2	Any agreed prices do not preclude mutually agreed special price arrangements requested by Buyer on a case-by-case basis. 

  

	4.3	Invoices shall refer to the purchase order number and Buyer’s product numbers for the Goods. Each invoice shall refer to one (1) purchase order only and shall be submitted to Buyer’s location designated
in the purchase order. 

  

	4.4	Unless otherwise set out in the SPA, undisputed invoices shall be paid by Buyer within [*] from the later of the date of receipt by Buyer of the invoice, or the delivery date of the Goods, provided, however, that it is
the understanding of the parties that payment terms in the first executed SPA under this agreement will be [*]. Payment shall be made in the currency set out in the SPA. 

 

	4.5	Goods purchased under an SPA shall be regarded as [*]. 

  

	5	TERMS OF DELIVERY 

  

	5.1	Seller understands and acknowledges that proper delivery at the agreed upon delivery dates, is important to Buyer and that delay can cause severe 

 
 [*] = Text Omitted and Filed Separately with the Securities and
Exchange Commission. Confidential Treatment Requested under 17 C.F.R. Sections 200.80(b)(4) and 230.406. 

  
 -5- 

	 	
damages to Buyer. Unless otherwise set out in this Agreement or the SPA, the Goods shall be delivered on the date(s) set out in the Contract. 

 

	5.2	Buyer may free of charge cancel or change a Contract, in whole or in part [*]. 

  

	5.3	The terms of delivery shall be [*]. 

  

	5.4	Subject to [*] under Subarticle 5.3 above Seller shall be responsible for and pay any and all taxes, dues, duties, and levies imposed before the Goods are delivered to Buyer unless otherwise set out in the SPA

  

	5.5	Buyer shall obtain title to the Goods [*]. 

  

	6	PACKING AND LABELLING 

  

	6.1	The Goods shall be packed and marked in accordance with Buyer’s instructions. Under all circumstances, the packing and package shall give the protection required under normal transport conditions to prevent damage
to or deterioration of the Goods. The purchase order number and Buyer’s product numbers shall be set out in the shipping documents. 

  

	6.2	Seller shall introduce and maintain a system of bar code labeling in accordance with Buyer’s instructions. 

  

	7	QUALITY AND CODE OF CONDUCT 

  

	7.1	Seller undertakes to use reasonable efforts to comply with the applicable requirements in the ISO 9000 quality system standards. 

  

	7.2	Seller undertakes to use reasonable efforts to ensure that its suppliers are in qualified for compliance under ISO 14001 standards. Seller undertakes to comply with the applicable requirements in the Code of Conduct.
Exhibit 1 contains the version valid at the date of the signing of this Agreement. The at all times latest version can be found at: 

http://www.ericsson.com/ericsson/corporate responsibility/suppliers/index.shtml 

 

	7.3	If Seller does not comply with the Code of Conduct or equivalent code of conduct, Seller shall on or before the execution of this Agreement provide Ericsson with a plan for implementation of the said code.

  

	7.4	When delivering the Goods, Seller shall comply at all times with the latest version of Ericsson’s directive regarding banned and restricted substances. Exhibit 2 contains the version valid at the date of the
signing of this Agreement. The at all times latest version can be found at: 

 http://www.ericsson.com/ericsson/corporate
responsibility/suppliers/index.shtml 
  

	7.5	When and where required by law, Buyer may return the Goods to Seller for disposal. 

  

	7.6	The Seller shall regularly conduct trend and failure analyses of his processes, and shall use this information to continuously improve its processes. The Seller shall have a system for identifying and shall promptly
inform Buyer about any circumstances that might have an impact on the quality of the Goods. Such a notification shall not limit Seller’s liability for the quality. 

 

	7.7	Upon reasonable notice to Seller, Ericsson or Buyer shall be entitled, at no charge by Seller, to inspect Seller’s premises during normal business hours 

 
 [*] = Text Omitted and Filed Separately with the Securities and
Exchange Commission. Confidential Treatment Requested under 17 C.F.R. Sections 200.80(b)(4) and 230.406. 

  
 -6- 

	 	
with respect to the verification of processes and quality systems, code of conduct compliance, quality control of the Goods and carrying out sampling and conducting other necessary investigations
of quality and delivery performance. Seller shall use its reasonable endeavors to provide for a similar inspection by Ericsson or Buyer on the premises of Seller’s subcontractors or suppliers. In the event that such an inspection does not meet
Ericsson’s or Buyer’s reasonable requirements, Seller shall, without delay or cost to Ericsson or Buyer, take the appropriate reasonable remedial measures in order to achieve the reasonable quality level as agreed by the parties.

  

	7.8	Seller shall issue all documents reasonably requested by Ericsson or Buyer, in a format specified by Ericsson or Buyer, regarding the quality of the Goods, including but not limited to materials declaration (i.e. a
declaration of the materials and their constituents content) of any Goods. 

  

	7.9	The Goods shall meet all requirements imposed by any law or regulations (whether statutory, regulatory or otherwise) being applicable on the production, transport and/or sale of the Goods. The Goods shall also meet the
technical standards and the environmental and special market requirements set out in the Specification or otherwise agreed upon. Seller shall upon request furnish a certificate for delivered Goods stating that the Goods conform to all requirements
mentioned above. 

  

	8	RECEIPT OF GOODS 

  

	8.1	In the event delivered Goods (a) do not have the correct part numbers, as identified in the relevant purchase order or otherwise agreed to between the parties; (b) have been damaged prior to arrival at
Buyer’s place of business; or (c) otherwise are clearly defective with respect to the requirements set out in the Specification or otherwise separately agreed, Buyer may reject the Goods and return the Goods in accordance with
Seller’s established Return Material Authorization (“RMA”) process. In such case the Goods shall be considered not delivered. Buyer may also choose to cancel the Contract concerned or part thereof. Notice of rejection must be provided
to Seller within [*] of delivery. 

  

	8.2	Seller shall, if requested by Buyer, reimburse [*] made by Buyer for Goods returned to Seller within [*] from the date that Seller received the returned Goods. 

 

	8.3	Goods returned under this Article 8 will be delivered to Seller at Seller’s expense and risk. If Buyer has requested replacement Goods, the replacement Goods shall be delivered to Buyer at Seller’s expense and
risk. 

  

	9	WARRANTY 

  

	9.1	Seller warrants that the Goods will perform in accordance with- and conform to the Specification in all material respects, will meet what otherwise has been agreed upon in writing, and will be free from material defects
in design, materials and workmanship, provided: 

  

	 	(a)	that the Goods have not been subject to misuse or neglect by Buyer or its customer; or 

  

	 	(b)	that the Goods have not been altered or repaired otherwise than by Seller or with its approval or instructions. 

  

[*] = Text Omitted and Filed Separately with the Securities and Exchange Commission. Confidential Treatment Requested under 17 C.F.R.
Sections 200.80(b)(4) and 230.406. 

  
 -7- 

	 	(c)	that the relevant defect is not caused in whole or in part by a defect in Buyer Design which has been used for manufacturing or assembly of the concerned Goods and that such defect in Buyer Design could not reasonably
have been detected by Seller prior to commencement of the manufacture or assembly. 

  

	9.2	Seller shall, at its own option and cost, repair or replace any defective Goods during a warranty period of twenty four (24) months starting from the delivery of the respective Goods. Such replacement or repair of Goods
shall be made professionally by Seller as soon as practicable from the return of the Goods to Seller by Buyer in accordance with the applicable RMA and Seller’s return procedures, but never later than the Lead Time 

 

	9.3	In case of defective Goods, Seller shall provide Buyer with detailed, relevant information regarding (but not limited to): 

  

	 	(a)	The nature and extent of the defect, 

  

	 	(b)	The cause of the defect, 

  

	 	(c)	The delivered lots/batches/orders that are affected. 

  

	 	(d)	Preventive actions taken to avoid defective Goods. 

  

	9.4	Where Seller does not comply with its repair / replace obligation within the time period specified in Subarticle 9.2 above, Buyer shall have the right and option, at Seller’s cost, to either: 

 

	 	(a)	repair or replace, or have repaired or replaced, any defective Goods; or 

  

	 	(b)	purchase substituting goods. 

 Should Buyer decide to exercise a remedy in accordance with this
Subarticle, Buyer shall provide Seller a written notice thereof. Seller shall reimburse Buyer promptly. 
  

	9.5	In addition to the warranties above, Seller shall be obligated to remedy any systematic defects in the Goods during a period of five (5) years from the delivery of such Goods to Buyer. A systematic defect is a defect
for which Seller is responsible under Subarticle 9.1 which is of the same or substantially the same type, that appears or is likely to appear in more than [*] of the respective Goods delivered during any relevant time period, such time period to be
determined by Buyer in its sole discretion. In case of a systematic defect in the Goods, Seller shall promptly: 

  

	 	(a)	co-operate with Ericsson through interaction between the quality departments of both Seller and Ericsson in good faith and use commercially reasonable efforts to diagnose the root cause, and (i) plan an initial
work-around (or similar) and effect a permanent solution (ii) produce and present, at its cost, a corrective action plan with appropriate milestones to eliminate the Systematic Defect and remedy the root cause of the suspected Systematic Defect
in its and/or its subcontractors’ manufacturing of the Goods; 

  

	 	(b)	at no charge to Buyer, replace all units of the respective Goods delivered up to the time that the systematic defect has been remedied by Seller; 

 

	 	(c)	reimburse Buyer for the actual costs for investigating and analyzing the scope of and consequences resulting from the systematic defect, and the actual costs for the removal and replacement of such defective Goods at
the Sites; and 

  
 [*] = Text Omitted and Filed
Separately with the Securities and Exchange Commission. Confidential Treatment Requested under 17 C.F.R. Sections 200.80(b)(4) and 230.406. 

  
 -8- 

	 	(d)	reimburse Buyer for any Customer Damages incurred by Buyer in connection with such defective Goods. 

  

	9.6	The warranty for repaired or replaced parts of the Goods shall be treated as set out in Subarticles 9.1-9.5. The warranty period shall start at the date of delivery of the repaired or replaced Goods. 

 

	9.7	Goods returned under this Article 9 will be delivered to Seller at Seller’s expense and risk. The replacement Goods shall be delivered to Buyer at Seller’s expense and risk. 

Provided, however, notwithstanding anything herein to the contrary, Seller’s liability for claims under Subarticles 9.5 c) and
9.5 d) of this Agreement shall be limited as follows; 
  

	 	(a)	For claims arising during the years 2010 and 2011, Seller’s liability under Subarticles 9.5 c) and 9.5 d) shall not exceed, for each calendar year, the higher of (i) ten million United States Dollars
(US$ 10,000,000) or (ii) two (2) times the Aggregated Purchase Value; and 

  

	 	(b)	For claims arising during the year 2012 and onwards, Seller’s liability under Subarticles 9.5 c) and 9.5 d) shall not exceed, per each damage occasion, the higher of (i) twenty million United States
Dollars (US$ 20,000,000) or (ii) two (2) times the Aggregated Purchase Value. 

 This Article 9 shall be the sole
and exclusive remedy of Buyer and the sole and exclusive obligation of Seller in the event of Goods that fail to comply to the warranty standards set forth herein. 

EXCEPT AS SET OUT HEREIN, SELLER HEREBY DISCLAIMS ANY AND ALL ADDITIONAL WARRANTIES, WHETHER EXPRESS, IMPLIED, STATUTORY OR OTHERWISE,
INCLUDING WITHOUT LIMITATION, THE IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. 
  

	10	DELAY 

  

	10.1	Should Seller discover that the delivery date set out in a Contract cannot be met, Seller shall immediately notify Buyer in writing, stating the cause of the delay and its best estimate of when delivery can be made.
Such a notification shall not limit Seller’s liability for the delay. 

  

	10.2	Buyer shall be entitled to liquidated damages in case of delayed deliveries, provided Buyer is not responsible, in whole or in part, for the specific reason for the delay. The liquidated damages shall for each commenced
week of delay be [*] of the price referable to the Goods that have been delayed or cannot be used as a consequence of the delay. The liquidated damages shall not, however, exceed a total of [*] per cent of the Contract price referable to the Goods
that have been delayed or cannot be used as a consequence of the delay. 

 The liquidated damages may be deducted by Buyer from
amounts payable to Seller with respect to the particular product in question, or may be claimed by other means 
  

	10.3	Not more than [*] in a calendar quarter, (unless specifically agreed in any SPA or otherwise agreed between the Parties in writing on a case-by-case basis), Buyer may designate certain line item(s) on a purchase order
as prioritized (“Prioritized Line Item”). Prioritized Line Items must be specified as such in the purchase order issued by Buyer and a written notification must be provided to Seller’s designated contact person for such Prioritized
Line Item. If the purchase order is issued by a Buyer other than Ericsson, then the designation must be confirmed by Ericsson in other prior written notification in conjunction with the purchase order provided to Seller’s designated contact for
receipt of such prioritized order notification. Without limiting the generality of Subarticle 5.1, a Prioritized Line Item means that a precise delivery precision is of utmost importance for Buyer regarding such identified deliveries. For such
Prioritized Line Items, Buyer shall have the right to claim liquidated damages in case of delayed deliveries, provided Buyer is not responsible for the specific reason for the delay. The liquidated damages for prioritized deliveries shall for each
commenced day of delay be [*], except that the total amount of liquidated damages per incident shall not exceed [*]. 

  

[*] = Text Omitted and Filed Separately with the Securities and Exchange Commission. Confidential Treatment Requested under 17 C.F.R.
Sections 200.80(b)(4) and 230.406. 

  
 -9- 

 For the avoidance of any doubt, the concept described in the foregoing paragraph, does not mean
that normal deliveries shall receive lesser attention by Seller. All deliveries shall be handled professionally by Seller and in accordance with this Agreement, and Buyer expects high delivery precision regarding all deliveries. 

 

	10.4	The payment of liquidated damages shall not relieve Seller from the obligation to deliver the Goods. 

  

	10.5	After [*] of delay, Buyer is entitled to terminate the Contract or any part thereof. The relevant liquidated damages shall be calculated up to and include the day of termination, and shall be paid by Seller. In case of
termination, should Buyer’s damages because of the delay exceed the relevant liquidated damages, Buyer shall be entitled to claim compensation for the excess amount. The liquidated damages and actual damages per event, shall however not exceed
[*]. Seller’s aggregated liability under subarticles 10.2 and 10.3 shall however, in any calendar year not exceed [*]. 

  

	11	PRODUCT LIABILITY 

 Should the Goods have a defect which causes damage to persons or to
property other than such Goods, Seller shall indemnify and hold Buyer harmless for any such damage, except to the extent such injury or damage is caused by a defective Buyer Design used for manufacture of the said Goods. However, Seller shall not be
liable for any damages arising if; (i) the Goods are used in any nuclear, aviation, medical or life sustaining application, or in any other inherently dangerous applications, not including ordinary business or administrative functions
associated with such applications (“Inherently Dangerous Applications”), and (ii) the relevant damage is determined to have arisen solely as a direct result of such Inherently Dangerous Applications. 

 

	12	CONTINUITY OF SUPPLY 

  

	12.1	Seller shall inform Ericsson as soon as possible in writing (the “Notice”) if any of the Goods that at any time has been purchased under this Agreement are to be changed technically or of any plans to suspend
or close down manufacturing of the Goods, in order to permit the Ericsson Companies and/or Authorized Companies to place consolidated purchase orders for future demands. 

 

	12.2	The Ericsson Companies and the Authorized Companies shall always be entitled to purchase the Goods as long as the SPA is in effect. In addition, the Ericsson Companies and the Authorized Companies shall be entitled to
place consolidated purchase orders for Goods within [*] from the expiry or termination of the SPA and/or the date of receipt of the Notice as per Subarticle 12.1, for delivery within [*] from the date(s) of such purchase orders. If the SPA has
expired at the dates of the said purchase orders, the SPA valid between the parties at the date of Ericsson’s receipt of the Notice shall regulate the said purchase orders. 

 

	12.3	Seller shall establish and maintain a secure sourcing plan including regularly updated business continuity and business contingency plans. The plan shall show the measures Seller will take in order to secure continuous
supply to Ericsson and Buyer without interruption in relation to the supply of the Goods. 

  

[*] = Text Omitted and Filed Separately with the Securities and Exchange Commission. Confidential Treatment Requested under 17 C.F.R.
Sections 200.80(b)(4) and 230.406. 

  
 -10- 

	 	
Seller shall keep Ericsson informed of the actions anticipated by such secure sourcing plan. In the event Seller would like to amend the plan, Ericsson and Seller shall discuss the amendments in
good faith and endeavor to agree on the amendments. 

  

	12.4	The secure sourcing plan shall, as a minimum, conform with the following: 

  

	 	(a)	a back-up site/resource shall be identified for each relevant production site. 

  

	 	(b)	a person responsible for initiating the secure sourcing plan activities shall be appointed for each relevant site. 

  

	 	(c)	key personnel shall be appointed and reasonably trained on Ericsson specific product requirements. Alternatively, personnel in the facilities concerned shall be prepared to be transferred to the dedicated back-up
capacity. Routines shall be established for training in relation to actions included in the secure sourcing plan and actions for the distribution of information contained in the secure sourcing plan. 

 

	 	(d)	organizational matters. 

  

	 	(e)	precautionary actions against disruptions. 

  

	 	(f)	reporting of incidents and such reporting shall follow any general incident reporting procedures stated by Ericsson. 

  

	12.5	All costs related to any secure sourcing measure shall be born by Seller. 

  

	12.6	Ericsson and the Ericsson Companies placing orders under an SPA shall be allowed to review the plan. Routines shall also be in place in order to keep the secure sourcing plan updated at all times. 

 

	12.7	Seller shall use reasonable efforts to ensure that the requirements/activities in the secure sourcing plan are supported by corresponding requirements/activities in relation to Seller’s suppliers and contractors.
Consequently, Seller shall have corresponding requirements on its suppliers and contractors. 

  

	12.8	Seller shall ensure that it has, and use reasonable efforts to ensure that its contractors and suppliers have sufficient insurance (e.g. business interruption and liability insurances). Seller shall actively work with
its contractors and suppliers with risk management. Seller shall use commercially reasonable efforts to safeguard that production of so-called critical components is not located to a single location. 

 

	12.9	Due to the fact that Ericsson will be heavily dependent on successful and continuous deliveries of the Goods from Seller, Seller shall inform and discuss any material plans for disposing or relocating of its
manufacturing facilities with Ericsson and/or any other activities that could have a materially adverse effect on Ericsson or any Buyer. 

  

	13	INTELLECTUAL PROPERTY RIGHTS 

  

	13.1	Buyer and Ericsson Companies shall obtain and retain full and complete ownership to any Buyer Design, Buyer Documentation as well as all Intellectual Property Rights incorporated therein. Seller shall always assist and
issue necessary documents in order to secure such ownership. 

  

	13.2	Without limiting the applicability of Subarticles 13.1,13.3 and 13.4 nothing contained herein shall be construed as giving a party any ownership, license or other rights with respect to any Intellectual Property Rights
owned or controlled by the other party, and such Intellectual Property Rights shall 

  

[*] = Text Omitted and Filed Separately with the Securities and Exchange Commission. Confidential Treatment Requested under 17 C.F.R.
Sections 200.80(b)(4) and 230.406. 

  
 -11- 

	 	
always remain the legal and absolute property of the party owning or controlling it, unless otherwise provided for herein or separately agreed upon between the parties in writing.

  

	13.3	A Seller being party to a Contract for which a Buyer Design has been furnished is granted a non-exclusive, restricted, non-transferable and non-sublicensable license to use such
Buyer Design only for the assembly and/or manufacturing of the Goods for Buyer under the relevant Contract. 

  

	13.4	Buyer and Ericsson Companies shall have a perpetual, world-wide royalty free right to use Seller’s and any Seller Company’s Intellectual Property Rights forming part of the Goods for the sole and exclusive
purpose of supporting the sale, marketing, distribution and other use and commercial exploitation of the Goods. 

  

	13.5	Seller shall not assert any Intellectual Property Rights against Buyer, Ericsson Companies, distributors and customers (purchasers and users) based exclusively on the use, sale, distribution or other disposal of any
Goods or for the assembly, use, sale, distribution or other disposal of a combination of such Goods with other products. 

  

	13.6	Further, Seller shall not, without Ericsson’s prior approval, use Buyer’s or any Ericsson Company’s name and/or corporate logotype in Seller’s informational, promotional, advertising or any other
material. 

  

	13.7	This Article shall survive the termination of this Agreement, for any reason. 

  

	14	INFRINGEMENT 

  

	14.1	Seller shall defend, indemnify and hold harmless Buyer and any Ericsson Company and Authorized Company (each, an “Indemnitee”), from and against any and all damages actually paid out, or otherwise demonstrably
suffered, by the Indemnitee, and costs and expenses (including reasonable attorneys’ fees) incurred as a result of any claim, suit or proceeding brought against any of them based on the allegation that the use, sale, distribution or other
disposal of any Goods furnished by Seller under this Agreement constitutes an infringement of any Intellectual Property Rights; provided that Seller has been notified without undue delay in writing of such claim, suit or proceeding and given the
possibility and information to, participate in the settlement of the claim or in Buyer’s defense of any suit or proceeding. For purposes of clarification, the parties agree that Seller’s obligations under this Article 14.1 shall include an
obligation to indemnify and hold harmless any Ericsson Company with respect to claims related to infringing Goods received from any customer to which such Goods have been sold, based on contractual obligations of such Ericsson Company towards the
customer. However, the parties agree that Seller shall not be liable under this Article 14.1 for any lost business opportunities, lost production, lost data, lost goodwill, lost anticipated savings, lost revenue or similar unforeseeable indirect,
incidental or consequential damages incurred by an Indemnitee, or by a customer of any Ericsson Company to which infringing Goods have been sold. 

  

	14.2	In the event that the Goods or any part thereof are in such suit or proceeding held to constitute such an infringement or their further use, sale, distribution or other disposal is enjoined, Seller shall promptly, at
its own expense and option, either: 

  

	 	(a)	procure for Buyer, Ericsson Companies, and Authorized Companies the right to continue the use, sale, distribution or other disposal of such Goods; 

 

	 	(b)	replace the Goods with non-infringing goods of equivalent function and performance; or 

  

	 	(b)	modify such Goods so that they become non-infringing without detracting from function or performance 

  

	14.3	Notwithstanding anything in this Agreement to the contrary, Seller’s obligations set out in Subarticle 14.1 and 14.2 shall not apply to the extent the claim of infringement would not have occurred but for (a) a
combination of the Goods with any device, product or equipment not provided Seller or not authorized by Seller in writing, or (b) any modification by a party other than Seller of the Goods delivered by Seller that has not been authorized and
approved by Seller in writing, or (c) in cases where Seller can prove (i) that the said suit, claim or proceeding is based solely on a Buyer Design, and (ii) that the Goods concerned by the claim, suit or proceeding has been manufactured according
to such Buyer Design only, (iii) that the suit, claim or proceeding would not otherwise have arisen independent from such Buyer Design and (iv) that Seller was not aware of that such Buyer Design was infringing Intellectual Property Rights of a
third party. 

  

	14.4	This Article shall survive the termination of this Agreement, for any reason 

  

	15	BUYER DOCUMENTATION TOOLS AND BUYER DESIGN 

  

	15.1	Any Buyer Documentation and any Buyer Tools are the exclusive property of Buyer or Ericsson. A Seller being party to a Contract for which Buyer Documentation has been furnished to such Seller is granted a non-exclusive, restricted, non-transferable and non-sublicensable license to use such Buyer Documentation and Buyer Tools only for the manufacture of the Goods for Buyer under the relevant Contract.

  
 [*] = Text Omitted and Filed Separately with the
Securities and Exchange Commission. Confidential Treatment Requested under 17 C.F.R. Sections 200.80(b)(4) and 230.406. 

  
 -12- 

	15.2	Seller shall keep Buyer Tools stored separately. Buyer Tools shall be registered and marked with Buyer’s or Ericsson’s name, and the product number or a mutually agreed identification number. A copy of this
record shall be submitted to Buyer or Ericsson upon request. Buyer Tools shall be maintained and insured by Seller, and may not be used, changed, scrapped, sold or disposed otherwise than as directed by Buyer or Ericsson. 

 

	15.3	Upon the expiration or termination of this Agreement, or upon the owner’s request, all in the discretion of Ericsson, Seller shall return to the owner any Buyer Tools, any Buyer Documentation, or any other Ericsson
Company assets in Seller’s possession. 

  

	15.4	Upon delivery of a Buyer Design, Seller shall without delay investigate the Buyer Design in order to verify that it is free from defects and deficiencies and is fit for its intended purpose. In the event any defects or
deficiencies in the Buyer Design are found to exist, Seller shall without delay inform Buyer in writing thereof and, unless Buyer instructs otherwise in writing, refrain from manufacturing of Goods using such defective Buyer Design.

  

	16	EXPORT AND IMPORT 

  

	16.1	Seller is responsible for obtaining and maintaining any export license(s) required for delivery of the Goods to Buyer. 

  

	16.2	If Seller is unable to obtain or maintain the export license(s), Buyer may terminate any related Contract or part thereof, which may be affected by the aforesaid license. 

 

	16.3	Seller shall inform of and issue all documentation which may be required by law, regulation or reasonably requested by Buyer regarding the export, import or re-export of the Goods. In particular, Seller is responsible
to continuously provide detailed technical documentation, certificate of origin (both for so called commercial and preferential origin) and the so called export control classification number (the “ECCN code”) for the Goods according to the
SE/EU/US export administration regulations, or the corresponding data according to other applicable regulations. This information shall be updated on an ongoing basis when new regulations come into effect. 

 

	16.4	Seller shall provide the information requested by Buyer in accordance with Subarticle 16.3 within [*] from the request. 

  

	17	CONFIDENTIALITY 

  

	17.1	Subject to this Article, Ericsson Companies, and Authorized Companies are entitled to receive a copy of this Agreement and any relevant SPA. 

 

	17.2	Seller and Buyer shall maintain confidentiality and not, without the other party’s prior consent, disclose to any third party any documentation and any information designated by the furnishing party as
confidential, whether of a commercial or a technical nature, furnished pursuant to this Agreement, i.e. the receiving party shall use the information only for the purposes of this Agreement. Such documentation and information may, however, be
disclosed by Buyer to another Ericsson Company, Distributor, and Authorized Company or a customer under similar conditions of confidentiality. 

  

	17.3	Seller shall ensure that neither it nor any of its subcontractors and/or suppliers advertise, publish or otherwise disclose the appointment of Seller, 

 
 [*] = Text Omitted and Filed Separately with the Securities and
Exchange Commission. Confidential Treatment Requested under 17 C.F.R. Sections 200.80(b)(4) and 230.406. 

  
 -13- 

	 	
or its subcontractors or the terms of this Agreement, any SPA or any Contract concluded hereunder without Ericsson’s prior written approval. All copies of material relating thereto which is
intended for publication in any form must first be submitted to Ericsson for approval. 

  

	17.4	Neither party shall be liable for disclosing any confidential information if it was: 

  

	 	(a)	public knowledge at the time of disclosure or thereafter becomes generally known other than through an act of negligence by the receiving party; 

 

	 	(b)	already known to the other party prior to its receipt from the disclosing party; 

  

	 	(c)	demonstrably developed at any time by the receiving party without any connection with the information received hereunder; 

  

	 	(d)	rightfully obtained by a party from other unrestricted sources, or e) disclosed with the prior written permission of the disclosing party. 

 

	 	(e)	disclosed with the prior written permission of the disclosing party. 

  

	17.5	This Article 17 shall for five (5) years, survive the termination of this Agreement for any reason. 

  

	18	FORCE MAJEURE 

  

	18.1	The performance of either party, required by this Agreement, any SPA or any Contract, shall be extended by a reasonable period of time if such performance of the respective party is impeded by an unforeseeable
event beyond such party’s control, which shall include but not be limited to acts of God, industrial actions, riots, wars, embargo or requisition (acts of government), hereinafter referred to as “Force Majeure”. 

 

	18.2	In case of Force Majeure, the relevant party shall promptly notify and furnish the other party in writing with all relevant information thereto. 

 

	18.3	Should an event of Force Majeure continue for more than three (3) months, Buyer shall have the right to terminate any relevant Contract. In such a case, Buyer shall pay to Seller the price of Goods delivered up to the
date of termination plus unrecovered expenses incurred by Seller which could not reasonably be avoided. 

  

	19	TERM AND TERMINATION 

  

	19.1	This Agreement shall become effective upon signature by both parties and shall remain in effect until one (1) year following written notice of termination by either party. 

 

	19.2	Any applicable party may at any time terminate this Agreement, any SPA, and/or any Contract, with immediate effect and without compensation to the other party if the other party should pass a resolution, or any court
should make an order, that the other party shall be wound up or if a trustee in bankruptcy, liquidator, receiver, or manager on behalf of a creditor should be appointed. 

 

	19.3	Any applicable party may terminate this Agreement or any SPA, with immediate effect if the other party has committed a material breach of this 

 
 [*] = Text Omitted and Filed Separately with the Securities and
Exchange Commission. Confidential Treatment Requested under 17 C.F.R. Sections 200.80(b)(4) and 230.406. 

  
 -14- 

	 	
Agreement or the SPA, and not taken substantial steps to rectify the same within thirty (30) calendar days after receiving written notice of termination specifying the breach. 

 

	19.4	Either party may terminate any Contract, with immediate effect if the other party has committed a material breach of the Contract, and not taken substantial steps to rectify the same within thirty (30) calendar days
after receiving written notice of termination specifying the breach. 

  

	19.5	Provisions contained in this Agreement that are expressed or by their sense and context are intended to survive the expiration or termination of this Agreement, shall so survive the expiration or termination.

  

	20	CONTACT PERSONS 

 Ericsson’s and Seller’s contact persons regarding this
Agreement are set out below. 
  

			
	 Ericsson AB
	  	Seller
	 Name: Lars Tjusberg

phone: +46 10 719 8288

address: Box 1505

S-125 25 Älvsjö, Sweden

e-mail: lars.tjusberg@ericsson.com

fax: +46 10 719 7675
	  	 Name: Ronnie Vasishta

phone: +1 408 855 3035

address: 2585 Augustine Drv.

Santa Clara, CA 95054

e-mail: ronnie@eASIC.com

fax: +1 408 855 9201

		
	 with a copy to:
	  	
		
	 Ericsson AB
	  	
	 Attn. Group Function Legal Affairs
 Address:
Torshamnsgatan 23
 SE-164 80 Stockholm, Sweden
 Fax: +46 8 585
30039
	  	

  

	21	LIMITATION OF LIABILITY 

  

	21.1	EXCEPT AS EXPRESSLY PROVIDED IN SUBARTICLE 21.2 AND ELSEWHERE IN THIS AGREEMENT, IN NO EVENT SHALL EITHER PARTY BE LIABLE TO THE OTHER FOR ANY INDIRECT OR CONSEQUENTIAL DAMAGES OF ANY NATURE OR KIND WHATSOEVER,
INCLUDING BUT NOT LIMITED TO LOST PROFITS, IN CONNECTION WITH OR ARISING OUT OF THE SALE AND PURCHASE OF THE PRODUCTS, EVEN IF THE OTHER PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. 

 

	21.2	The limitation of liability provided in Subarticle 21.1 shall not apply to damages with respect to Articles 9 (Warranty), 10 (Delay), 11 (Product Liability) and 14 (Infringement), or if the
defaulting party has been acting with gross negligence or with willful misconduct. 

  

	22	MISCELLANEOUS 

  

	22.1	Neither party may assign this Agreement, any SPA or any Contract without the prior written consent of the other party. Such consent shall not be unreasonably withheld. Notwithstanding this, Ericsson or the relevant
Ericsson Company shall always be entitled to assign this Agreement or any SPA to another Ericsson Company. Provided, however, that this Agreement and all SPAs and Contracts may be assigned by a party in connection with the sale of all or
substantially all of the assets of the business. 

 Notwithstanding the preceding paragraph, Ericsson specifically reserves the
right to, upon written notice to relevant Seller Company, assume, enforce, settle, and/or collect the rights and/or obligations of any Authorized Company which such Authorized Company may have under this Agreement, any SPA or any Contract against
such Seller Company. Through such notice, the relevant rights and/or obligations shall be considered assigned to Ericsson. 
  

[*] = Text Omitted and Filed Separately with the Securities and Exchange Commission. Confidential Treatment Requested under 17 C.F.R.
Sections 200.80(b)(4) and 230.406. 

  
 -15- 

 If a right and/or obligation is assigned to Ericsson by an Authorized Company in accordance with
the preceding paragraph, the Authorized Company shall have no right and/or obligation to assume, enforce, settle or collect any such assigned rights and/or obligations. 
  

	22.2	This Agreement contains the entire agreement between the parties on the subject matter of this Agreement, and supersedes all representations, undertakings and agreements previously made between the parties with respect
to the subject matter of this Agreement. 

  

	22.3	For the avoidance of any doubt, any and all pre-printed standard terms (e.g. on a purchase order, order acknowledgement, or invoice) shall not have any applicability unless the other party has expressly accepted the
relevant term. 

  

	22.4	This Agreement, any SPA, or any Contract may be modified only by a written document duly signed by the parties and referencing this Agreement, the SPA, or the relevant Contract. 

 

	22.5	Should any provisions of this Agreement, any SPA or Contract, be or become invalid or unenforceable, this shall not affect the validity of the remainder of this Agreement, the SPA or Contract. In such event, the parties
undertake to substitute for any such invalid or unenforceable provisions, a provision that corresponds to the spirit and purpose of the invalid or unenforceable provisions, so far as it is possible, with regard to the purpose of this Agreement, the
SPA or Contract. 

 Non-Waiver. The failure by either party to enforce any provisions of this Agreement or to exercise any
right in respect thereto shall not be construed as constituting a waiver of its rights thereof. 
  

	23	DISPUTES AND GOVERNING LAW 

  

	23.1	This Agreement, any SPA and any Contracts concluded under this Agreement shall be governed by and construed in accordance with the substantive laws of Sweden. 

 

	23.2	The parties shall make every effort to settle by amicable negotiations any difference which may occur between them in connection with this Agreement, any SPA or any Contract. If the parties fail to reach such an
amicable settlement, either party may refer such differences to arbitration as provided below. 

  

	23.3	All disputes, differences or questions between the parties with respect to any matter arising out of or relating to this Agreement, any SPA or Contract shall be finally settled under the Rules of Arbitration of the
International Chamber of Commerce in Stockholm, Sweden, by three (3) arbitrators, appointed in accordance with the said Rules. The arbitration proceedings shall be conducted in the English language. 

 

	23.4	All awards may if necessary be enforced by any court having jurisdiction in the same manner as a judgment in such court. 

  

	23.5	The parties undertake and agree that all arbitral proceedings conducted under this Article 23 shall be kept confidential, and all information, documentation, materials in whatever form disclosed in the course of such
arbitral proceeding shall be used solely for the purpose of those proceedings. 

  

[*] = Text Omitted and Filed Separately with the Securities and Exchange Commission. Confidential Treatment Requested under 17 C.F.R.
Sections 200.80(b)(4) and 230.406. 

  
 -16- 

 ********************************** 

This Agreement has been duly signed in two (2) identical copies of which the parties have taken one (1) each. 

 

									
	Date: 2009-06-18	 		 	Date: 2009-06-12
			
	 eASIC Corporation
	 		 	 Ericsson AB

					
	By	 	 /s/ Ronnie Vasishta
	 		 	By	 	 /s/ Martin Johansson

	Name:	 	Ronnie Vasishta	 		 	Name:	 	Martin Johansson
	Title:	 	President and COO	 		 	Title:	 	Vice President BNET Sourcing
				
		 		 		 	Date: 2009-06-12
				
		 		 		 	 Ericsson AB

					
		 		 		 	By	 	 /s/ Lars Johansson

		 		 		 	Name:	 	Lars Johansson
		 		 		 	Title:	 	Director BNET Sourcing

  
 [*] = Text Omitted and Filed
Separately with the Securities and Exchange Commission. Confidential Treatment Requested under 17 C.F.R. Sections 200.80(b)(4) and 230.406. 

  
 -17- 

 ERICSSON CODE OF CONDUCT 

 
 

 
 Supply chain issues in the area of corporate social responsibility are of increasing global importance
                     
 increasingly important
role in a company’s competitiveness, profitability and ultimately shareholder value                      

In order to ensure responsible corporate governance in the areas of basic human rights, labor standards
                     
 management and
anti-corruption in the workplace, Ericsson’s CODE OF CONDUCT was established in May
                     
 Ericsson has based its
CODE OF CONDUCT on the United Nations Global Compact an international initiative
                     
 by corporations around the
world to ensure accountability in the areas noted above 
 FOR FURTHER INFORMATION:
www.ericsson.com/sustainability 
  
 

 
  
 [*] = Text Omitted and Filed
Separately with the Securities and Exchange Commission. Confidential Treatment Requested under 17 C.F.R. Sections 200.80(b)(4) and 230.406. 

  
 -18- 

 Code of Conduct * 

Human Rights 
 We support and respect the protection of
internationally proclaimed human rights. We make sure that we are not complicit in human rights abuses. 
 Labor Standards 

FREEDOM OF ASSOCIATION 
 As far as any relevant laws allow,
all employees are free to form and to join or not to join trade unions or similar external representative organizations and to bargain collectively. 

FORCED LABOR 
 Forced, bonded or compulsory labor is not
used and employees are free to leave their employment after reasonable notice as required by national law or contract. Employees are not required to lodge deposits of money or identity papers with their employer. 

EMPLOYMENT CONDITIONS 
 Employees understand their
employment conditions. Pay and terms are fair and reasonable, and comply at a minimum with national laws or Industry standards whichever is higher. Working hours comply with national laws and are not excessive. 

CHILD LABOR 
 No person is employed who is below the
minimum legal age for employment. Minimum age Is the age of completion of compulsory schooling, or not less than 15 years (or not less than 14 years, in countries where educational facilities are Insufficiently developed) as set out in Article 2.4
In the ILO Convention No.138 on Minimum Age. 
 Children are not employed for any hazardous work, or work that is Inconsistent with the child’s
personal development. A child means a person below the age of 18 years, as defined In Article 1 of the United Nations Convention on the Rights of the Child. Personal development includes a child’s health or physical, mental, spiritual, moral or
social development as described in the Article 32 of the United Nations Convention on the Rights of the Child. 
 Where a child is employed, the best
Interests of the child shall be the primary consideration. Policies and programs that assist any child found to be performing child labor are contributed to, supported, or developed. 

ELIMINATION OF DISCRIMINATION 
 Employees are treated with
respect and dignity. Corporal punishment, physical or verbal abuse or other unlawful harassment and any threats or other forms of intimidation are prohibited. 

All kinds of discrimination based on partiality or prejudice is prohibited such as discrimination based on race, color, sex, sexual orientation, marital
status, pregnancy, parental status, religion, political opinion, nationality, ethnic background, social origin, social status, indigenous status, disability, age, union membership and any other characteristic protected by local law, as applicable.

 Employees with the same qualifications, experience and performance receive equal pay for equal work with respect to their relevant comparators. 

WORKING CONDITIONS 
 A healthy and safe working
environment, and if applicable, housing facilities are provided for employees, in accordance with international standards and national laws. 
 Appropriate
health and safety information and training is provided to employees. Safety includes e.g. clearly marked and unblocked exits, emergency exits and evacuation plans on each floor, regularly tested fire alarm and evacuation drills, first aid equipment,
safe and correct handling, marking and labeling of chemicals, machinery and work processes. 
 The workplace, and if applicable, housing facilities, has
tolerable temperature and noise level, adequate ventilation, sufficient lighting, clean toilet facilities, drinkable water and, if applicable, sanitary facilities for food storage. 

Environment 
 Finite resources are used responsibly and
carefully. Operational practices that reduce any environmental burden associated with our activities are promoted. Innovative developments in products and services that offer environmental and social benefits are supported. 

 
 [*] = Text Omitted and Filed Separately with the Securities and
Exchange Commission. Confidential Treatment Requested under 17 C.F.R. Sections 200.80(b)(4) and 230.406. 

  
 -19- 

 Anti-Corruption 
 No
form of extortion and bribery, including improper offers for payments to or from employees, or organizations, is tolerated. 
  

	*	The Ericsson CODE OF conduct is based on the United Nation Global Compact’s ten principles derived from: 

The Universal Declaration of Human Rights, The International Labor Organization’s Declaration of Fundamental Principles and Rights at Work, The Rio
Declaration on Environment and Development and The United Nations Convention Against Corruption. 
 http://www.unglobalcompact.org/ 

 
 [*] = Text Omitted and Filed Separately with the Securities and
Exchange Commission. Confidential Treatment Requested under 17 C.F.R. Sections 200.80(b)(4) and 230.406. 

  
 -20- 

									
	 	 	 	  	 Open

DIRECTIVE
	  	 	 	1 (5)
	Prepared (also subject responsible if other)	  	No.	  	 	 	  
	
KI/EAB/RWT/UL Richard Trankell (editor)
	  	034 01-2294 Uen
	 Approved
	 	 Checked
	  	Date	  	Rev	 	        Reference
	LME/MD (Torbjörn Nilsson)	 	 	  	2003-06-12	  	B	 	 

 The Ericsson lists of banned and restricted substances 

 

	1	Application 

 This directive is valid for the entire Ericsson group and is applicable for
design, purchasing and manufacturing of products and packaging that Ericsson places on the market. This directive is not applicable for defense material exempted by legislation. 

 

	2	Purpose 

 These lists of banned, restricted and observation substances have been compiled
to meet existing and anticipated legal requirements and market demands. 
  

	3	Directive 

 Products and packaging that Ericsson places on the market, and manufacturing
operations at Ericsson and supplier sites, shall comply with the requirements in the Banned, Restricted and Observation lists. 
  

	4	Definitions 

 There are three lists that are applicable to products and three lists that
are applicable to manufacturing operations. The lists are sub-grouped in terms of banned, restricted and observation status. 
 The
requirements in the lists apply to substances that are intentionally added regardless of the concentration. The lists do not apply in cases where the substance is present due to natural impurities below limits specified in applicable legislation.
The lists are based on existing and anticipated legal requirements and market demands, mainly from EU and in most cases also USA and Japan. The legislation listed in the banned lists are examples of applicable laws; please note that the legislation
may have been amended and is not to be used as a complete list of laws applicable to the substance in question. Other environmental legislation may exist on specific markets. 

Banned  
 The banned list
documents substances that are banned for the application(s) specified in the list. 
 Restricted  

The restricted list documents substances that shall be substituted no later than the date specified in the list. 

Observation  
 The
observation list documents substances that shall be substituted as soon as technically, economically and environmentally acceptable alternatives are available. 
  

[*] = Text Omitted and Filed Separately with the Securities and Exchange Commission. Confidential Treatment Requested under 17 C.F.R.
Sections 200.80(b)(4) and 230.406. 

  
 -21- 

											
	 	  	 	  	 Open

DIRECTIVE
	  	 	  	 	3 (5)	  
	Prepared (also subject responsible if other)	  	No.	  		  			 
	KI/EAB/RWT/UL Richard Trankell (editor)	  	034 01-2294 Uen	  
	Approved	  	Checked	  	Date	  	Rev	  	Reference	 
	LME/MD (Torbjörn Nilsson)	  	 	  	2003-06-12	  	B	  	 	 	 

 The Ericsson list of banned substances (in products), 2(2) 

 

													
	  	  	Group of substances	  	Substance	  	Banned application	  	Principal legislation	  	Main use	  	Main risk
	 		 	 		 	 
	3	  	Other organic compounds	  	Certain azo compounds with carcinogenic amines	  	All applications	  	2002/61/EC adds certain azo colorants to 76/769/EEC	  	LCDs & plastics	  	Carcinogenic
	  	  	Creosotes	  	All applications	  	94/60/EEC	  	In wood preservation	  	Toxic
	  	  	Formaldehyde (CAS-no. 50-00-0)	  	All applications	  	ChemVerbots V (Germany)	  	As preservative	  	Allergenic
	  	  	Tributyltin compounds	  	 All applications
	  	69/677/EEC, 99/51/EEC, Japanese legislation	  	In paint	  	Toxin
	  	  	Triphenyltin compounds	  	  	  	  
	4	  	Other compounds	  	Asbestos	  	All applications	  	76/769EEC, 83/478EEC, 85/610EEC, 91/659EEC	  	As insulation material	  	Carcinogenic

 The Ericsson list of restricted substances (in products) 

 

											
	  	  	Group of substances	  	Substance	  	Restriction	  	Banned application	  	Main risk
	 	 	 	 	 	 
	
1
	  	Metals and their compounds	  	Cadmium and its compounds	  	Banned from 1 July 2006	  	According to RoHS directive (2002/95/EG)	  	Toxic
	  	  	Chromium (VI) compounds	  	Banned from 1 July 2006	  	According to RoHS directive (2002/95/EG)	  	Allergenic & toxic
	  	  	Lead and its compounds	  	Banned from 1 July 2006	  	According to RoHS directive (2002/95/EG)	  	Bioaccumulative & carcinogenic

  
 [*] = Text Omitted
and Filed Separately with the Securities and Exchange Commission. Confidential Treatment Requested under 17 C.F.R. Sections 200.80(b)(4) and 230.406. 

									
	  	  	  	  	 Open

DIRECTIVE
	  	  	  	5 (5)
	Prepared (also subject responsible if other)	  	No.	  		  	 
	KI/EAB/RWT/UL Richard Trankell (editor)	  	034 01-2294 Uen
	 Approved
	  	Checked	  	Date	  	Rev            	  	Reference
	LME/MD (Torbjörn Nilsson)	  	  	  	2003-06-12	  	B	  	  

 The Ericsson list of banned substances (in production) 

 

													
	  	  	Group of substances	  	Substance	  	Banned application	  	Principal legislation	  	Main use	  	Main risk
	 	 	 	 	 	 	 
	 1
	  	Halogenated hydrocarbons	  	CFCs-chlorofluorocarbons	  	All applications	  	Regulation (EC) 2037/2000, Montreal Protocol, US Clean Air Act, Japan: Ozone Layer Protection act	  	Refrigerants & solvents	  	Ozone depletion
	  	  	HCFCs-hydrochlorofluorocarbons	  	All applications	  	  	  
	  	  	Carbon tetrachloride (CAS-no. 56-23-50	  	All applications	  	Regulation (EC) 2037/2000, Montreal Protocol, US Clean Air Act, Japan: Ozone Layer Protection Act	  	As solvents	  	Ozone depletion
	  	  	Chlorobromomethane (CAS-no. 74-97-5)	  	  	  	  
	  	  	1.1.1-trichloroethane CAS-no. 71-55-6)	  	 	  	  	  
	  	  	Methylene chloride CAS-no. 75-09-2)	  	All applications	  	94/60//EEC, Japan: Waste disposal law	  	As solvents	  	Carcinogenic
	  	  	Tetrachloroethylene CAS-no. 127-18-4)	  	  	  	  
	 	  	 	  	Trichloroethylene CAS-no. 1979-01-06)	  	 	  	 	  	 	  	 

 The Ericsson list of restricted substances (in production) 

 

											
	  	  	Group of substances	  	Substance	  	Restriction	  	Banned application	  	Main risk
	 		 	 	 	 
	 1
	  	Halogenated hydrocarbons	  	Methyl bromide CAS-no. 74-83-9)	  	Banned from 2005	  	Applications other than quarantine and pre-shipment applications (Regulation (EC) 2037/2000)	  	Ozone depletion
	 	  	 	  	 	  	Banned from 2015	  	Quarantine and pre-shipment applications (Regulation (EC) 2037/2000)	  

 The Ericsson list of substances for observation (in production) 

 

									
	  	  	
Group of substances
	  	
Substance
	  	
Banned application
	  	
Main risk

	 		 	 	 
	
1
	  	Halogenated hydrocarbons	  	FCs – fluorocarbons	  	Refrigerants	  	Global warming
	  	  	HFCs – fluorohydrocarbons	  	Solvents & refrigerants	  
	 		 	 	 
	 2
	  	Other organic compounds	  	Nonylphenolethoxylates (CAS-no. 9016-45-9)	  	As surfactant in cleaning agents	  	Bioaccumulative

  
 [*] = Text Omitted
and Filed Separately with the Securities and Exchange Commission. Confidential Treatment Requested under 17 C.F.R. Sections 200.80(b)(4) and 230.406. 

 Exhibit 3 to READ-2009:192839 

PRODUCT PURCHASING RIGHTS EXHIBIT 
 This
Product Purchasing Rights Exhibit is attached to and hereby made a part of the General Purchase Agreement between Ericsson and Seller dated 18 June 2009 (hereinafter referred to as “Agreement”). 

1. Upon the occurrence of the Trigger Event (as defined below), Seller shall grant to Ericsson a royalty-free, worldwide, non-exclusive license under
Seller’s Intellectual Property Rights (with right of sublicense to any Ericsson Company and Authorized Company) during the Term of the Agreement to order, purchase and take delivery of the Goods and to market, sell and distribute such Goods
within the permissible scope as defined in the Agreement (the “Permitted Purpose”). 
 2. Upon the occurrence of the Trigger Event, Seller and
Ericsson will promptly meet in order to discuss what measures and commercial terms are reasonably necessary in order for Ericsson or Ericsson’s authorized sublicensees to commence exercising their purchase rights as granted pursuant to
Section 1 above, including engaging in discussions with Seller’s suppliers to enact procedures that would allow delivery of Goods directly to Ericsson, or Ericsson’s authorized sublicensees. Seller will provide to Ericsson the names
and points of contact for the semiconductor fabricating contractor (currently Chartered Semiconductor for [*] and Fujitsu Manufacturing Limited for [*]) and the packaging contractor (currently Amkor for [*] and Kyocera for [*]) Seller has contracted
to manufacture the Goods. Ericsson agrees that such information is Seller’s Confidential Information and Ericsson shall disclose such information only upon the grant of a license to Ericsson in accordance with this Exhibit and only for the
Permitted Purpose, and then only to Ericsson’s employees, consultants, contractors or subcontractors with a need to know and who have executed a confidentiality agreement with Ericsson. 

3 (a) If the Trigger Event occurs prior to completion of the agreement referenced in Section 3(b) below, Seller shall identify for Ericsson an individual
who is knowledgeable about and trained in Seller’s supplier ordering procedures and supply chain logistics applicable to the Goods. That person will be assigned to assist Ericsson in planning and managing purchases and placing orders on behalf
of Ericsson, or Ericsson’s authorized sublicensees, for the Goods with Seller’s suppliers for the Permitted Purpose, for a period of not more than [*]. 

(b) [*] of the date of execution of this Agreement, Seller will use commercially reasonable best efforts to enter into an agreement with a
third party supplier through whom Ericsson or its designated Buyers may place orders for Goods for the Permitted Purpose if Seller is unable to do so because of the occurrence of a Trigger Event. Such agreement shall be presented to Ericsson and
include all necessary licenses to enable Ericsson, or Ericsson’s authorized sublicensees, to place such orders for Goods. Provided, however, that Ericsson shall not be entitled to place such orders or otherwise purchase the Goods from or
through such third party supplier except in the case that a Trigger Event has occurred, and then only in accordance with the Agreement and this Exhibit. Upon reaching the agreement with the third party supplier under this Section 3(b),
Seller’s obligation under Section 3(a) shall terminate and be of no further force or effect. In case Seller has not, despite using its commercially reasonable best efforts, succeeded in reaching such an agreement within the above time
period, then the Parties shall meet to discuss in good faith alternative solutions, including a possible escrow arrangement. 
 4 For purposes of this
Exhibit, “Trigger Event” shall mean a situation where; 
 (a) Seller is unable to supply Goods in accordance with the terms of the
Agreement due to the fact that; 
 (i) it enters into a bankruptcy proceeding ceases to operate, or 

  
 [*] = Text Omitted
and Filed Separately with the Securities and Exchange Commission. Confidential Treatment Requested under 17 C.F.R. Sections 200.80(b)(4) and 230.406. 

 (ii) substantially all of its business are terminated or are discontinued, or 

(iii) it is liquidated or dissolved which make it impractical for it to perform under the Agreement, or 

(iv) it makes an assignment for the benefit of creditors, and such condition is not cured within [*]; or 

(b) Seller, despite its ability to do so, is unwilling, and thereby fails, to supply Goods as required by the terms of the Agreement for more
than [*] after the operative delivery date under a purchase order in accordance with the terms of the Agreement; or 
 (c) Seller is merged
into or acquired by a competitor of Ericsson which, despite its ability to do so, is unwilling, and thereby fails, to supply Goods as required by the terms of the Agreement for more than [*] after the operative delivery date under a purchase order
in accordance with the terms of the Agreement. 
 5 In the event that Ericsson, or Ericsson’s authorized sublicensees, should exercise the rights
granted under this Product Purchasing Rights Exhibit to order, purchase and take delivery of Goods under the Agreement directly from Seller’s Suppliers, Ericsson agrees to pay Seller or any Seller beneficiary the difference, if any, between the
unit price it was to pay Seller as agreed in any applicable SPA for the Good and the actual per unit cost Ericsson or Ericsson’s Buyer pays in total for the Good directly to Seller’s suppliers. 

  
 [*] = Text Omitted
and Filed Separately with the Securities and Exchange Commission. Confidential Treatment Requested under 17 C.F.R. Sections 200.80(b)(4) and 230.406.EX-10.19

 Exhibit 10.19 

LOAN AND SECURITY AGREEMENT 

THIS LOAN AND SECURITY AGREEMENT (this “Agreement”) dated as of September 29, 2010 (the “Effective
Date”) between SILICON VALLEY BANK, a California corporation (“Bank”), and EASIC CORPORATION, a Delaware corporation (“Borrower”), provides the terms on which Bank shall lend to Borrower and
Borrower shall repay Bank. The parties agree as follows: 
  

	 	1	ACCOUNTING AND OTHER TERMS 

 Accounting terms not defined in this Agreement shall
be construed following GAAP. Calculations and determinations must be made following GAAP (except for non-compliance with FAS123R in the monthly reporting). Capitalized terms not otherwise defined in this Agreement shall have the meanings set forth
in Section 13. All other terms contained in this Agreement, unless otherwise indicated, shall have the meaning provided by the Code to the extent such terms are defined therein. 

 

	 	2	LOAN AND TERMS OF PAYMENT 

  

	 	2.1	Promise to Pay. 

 Borrower hereby unconditionally promises to pay Bank the outstanding
principal amount of all Credit Extensions and accrued and unpaid interest thereon as and when due in accordance with this Agreement. 
  

	 	2.1.1	Growth Capital Advances. 

 (a) Availability. Bank shall make a growth capital loan
available to Borrower in two (2) tranches (“Tranche A” and “Tranche B”; each advance under Tranche A and Tranche B hereinafter referred to individually as a “Growth Capital Advance” and
collectively as “Growth Capital Advances”) not exceeding the Growth Capital Line. Subject to the satisfaction of the terms and conditions of this Agreement, (i) Bank will fund Tranche A on the Effective Date in a single advance
not to exceed Three Million Dollars ($3,000,000) (the “Tranche A Advance”), and (ii) provided that Borrower has achieved the Tranche B Advance Milestone prior to the date of such Growth Capital Advance under Tranche B (each a
“Tranche B Advance”, and collectively, the “Tranche B Advances”), Tranche B will be available during the Tranche B Draw Period in up to three (3) Tranche B Advances in an aggregate amount not to exceed Two
Million Dollars ($2,000,000). Each Tranche B Advance must (i) be in an amount at least equal to the lesser of Five Hundred Thousand Dollars ($500,000) or the amount that has not yet been drawn under Tranche B of the Growth Capital Line and
(ii) only be used to finance Eligible Purchase Orders. After repayment, no Growth Capital Advance may be reborrowed. 
 (b)
Repayment. Borrower shall repay each Growth Capital Advance as follows: 
 (i) Pre-Conversion Date Growth Capital Advances.
For each Growth Capital Advance made before the Conversion Date (each a “Pre-Conversion Date Growth Capital Advance”, and collectively, the “Pre-Conversion Date Growth Capital Advances”),

  
 1. 

 
Borrower shall make monthly payments of accrued interest only commencing on the last calendar day of the month immediately following the Funding Date on which such Growth Capital Advance occurs
(or commencing on the Funding Date if the Funding Date is the last calendar day of the month) and on the last calendar day of each month thereafter during the Growth Capital Interest Only Period. Commencing on the last calendar day of the first (1st) month on which the Conversion Date occurs and continuing on the last calendar day of each month thereafter during the Growth Capital Repayment Period, Borrower shall make equal monthly
payments of principal and accrued interest, which would fully amortize each such Growth Capital Advance over the Growth Capital Repayment Period. 

(ii) Post-Conversion Date Growth Capital Advances. For each Growth Capital Advance made on or after the Conversion Date (each a
“Post-Conversion Date Growth Capital Advance”, and collectively, the “Post-Conversion Date Growth Capital Advances”), Borrower shall make equal monthly payments of principal and interest, which would fully amortize
such Growth Capital Loan Advance over the Growth Capital Repayment Period commencing on the last calendar day of the month immediately following the Funding Date on which such Growth Capital Advance occurs (or commencing on the Funding Date if the
Funding Date is the last calendar day of the month) and continuing on the last calendar day of each month thereafter during the Growth Capital Repayment Period. By way of example only, if a Post-Conversion
Date Growth Capital Advance is made on April 15, 2012, then Borrower would make twenty-seven (27) equal monthly payments of principal and interest commencing on April 30, 2012 and on the last calendar day of each month thereafter,
each in an amount which would fully amortize such Post-Conversion Date Growth Capital Advance over the Growth Capital Repayment Period. 

All unpaid principal and accrued interest on each Growth Capital Advance shall be due and payable in full on the Growth Capital Maturity Date.

 (c) Final Payment. With respect to each Growth Capital Advance, on the earlier of (i) the Growth Capital Maturity Date with
respect to each Growth Capital Advance, or (ii) the acceleration of such Growth Capital Advance, Borrower shall pay, in addition to the outstanding principal, accrued and unpaid interest, and all other amounts due on such date with respect to
such Growth Capital Advance, an amount equal to the Final Payment. 
 (d) Mandatory Prepayment Upon an Acceleration. If the Growth
Capital Advances are accelerated following the occurrence of an Event of Default or otherwise, Borrower shall immediately pay to Bank an amount equal to the sum of (i) all outstanding principal, plus accrued and unpaid interest, plus
(ii) the Final Payment, plus (iii) all other sums, if any, that shall have become due and payable hereunder with respect to the Growth Capital Advances, including interest at the Default Rate with respect to any past due amounts. 

(e) Voluntary Prepayment. At Borrower’s option, so long as an Event of Default has not occurred and is not continuing, Borrower
shall have the option to prepay all, but not less than all, of the Growth Capital Advances, provided Borrower (i) provides written notice to Bank of its election to exercise its option to prepay the Growth Capital Advances at least thirty
(30) days prior to such prepayment, and (ii) pays, on the date of the prepayment (A) all accrued and unpaid interest with respect to the Growth Capital Advances through the date the prepayment is made; (B) all unpaid principal
with respect to the Growth Capital Advances; (C) the Final Payment and (D) all other sums, if any, that shall have become due and payable hereunder with respect to this Agreement. 

  
 2. 

	 	2.1.2	Revolving Advances. 

 (a) Availability. Subject to the terms and conditions of
this Agreement and to deduction of Reserves, Bank shall make Advances not exceeding the Availability Amount. Amounts borrowed hereunder may be repaid and, prior to the Revolving Line Maturity Date, reborrowed, subject to the applicable terms and
conditions precedent herein. 
 (b) Termination; Repayment. The Revolving Line terminates on the Revolving Line Maturity Date, when
the principal amount of all Advances, the unpaid interest thereon, and all other Obligations relating to the Revolving Line shall be immediately due and payable. 
  

	 	2.1.3	Letters of Credit Sublimit. 

 (a) As part of the Revolving Line, Bank shall issue or have
issued Letters of Credit denominated in Dollars or a Foreign Currency for Borrower’s account. The aggregate Dollar Equivalent amount utilized for the issuance of Letters of Credit shall at all times reduce the amount otherwise available for
Advances under the Revolving Line. The aggregate Dollar Equivalent of the face amount of outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit) may not exceed the lesser of (A) One Million Dollars ($1,000,000), minus
(i) the sum of all amounts used for Cash Management Services, and minus (ii) the FX Reduction Amount, or (B) the lesser of Revolving Line or the Borrowing Base, minus (i) the sum of all outstanding principal amounts of any
Advances (including any amounts used for Cash Management Services), and minus (ii) the FX Reduction Amount. 
 (b) If, on the Revolving
Line Maturity Date (or the effective date of any termination of this Agreement), there are any outstanding Letters of Credit, then on such date Borrower shall provide to Bank cash collateral in an amount equal to one hundred five percent
(105%) of the Dollar Equivalent of the face amount of all such Letters of Credit plus all interest, fees, and costs due or to become due in connection therewith (as estimated by Bank in its good faith business judgment), to secure all of the
Obligations relating to such Letters of Credit. All Letters of Credit shall be in form and substance acceptable to Bank in its sole discretion and shall be subject to the terms and conditions of Bank’s standard Application and Letter of Credit
Agreement (the “Letter of Credit Application”). Borrower agrees to execute any further documentation in connection with the Letters of Credit as Bank may reasonably request. Borrower further agrees to be bound by the regulations and
interpretations of the issuer of any Letters of Credit guarantied by Bank and opened for Borrower’s account or by Bank’s interpretations of any Letter of Credit issued by Bank for Borrower’s account, and Borrower understands and
agrees that Bank shall not be liable for any error, negligence, or mistake, whether of omission or commission (other than those directly resulting from Bank’s gross negligence or willful misconduct), in following Borrower’s instructions or
those contained in the Letters of Credit or any modifications, amendments, or supplements thereto. 

  
 3. 

 (c) The obligation of Borrower to immediately reimburse Bank for drawings made under Letters of
Credit shall be absolute, unconditional, and irrevocable, and shall be performed strictly in accordance with the terms of this Agreement, such Letters of Credit, and the Letter of Credit Application. 

 

	 	2.1.4	Foreign Exchange Sublimit. 

 As part of the Revolving Line, Borrower may enter into
foreign exchange contracts with Bank under which Borrower commits to purchase from or sell to Bank a specific amount of Foreign Currency (each, a “FX Forward Contract”) on a specified date (the “Settlement Date”).
FX Forward Contracts shall have a Settlement Date of at least one (1) FX Business Day after the contract date and shall be subject to a reserve of ten percent (10%) of each outstanding FX Forward Contract (the “FX
Reserve”). The aggregate amount of FX Forward Contracts at any one time may not exceed ten (10) times the lesser of (A) One Million Dollars ($1,000,000), minus (i) the sum of all amounts used for Cash Management Services, and
minus (ii) the Dollar Equivalent of the face amount of any outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit), or (B) the lesser of Revolving Line or the Borrowing Base, minus (i) the sum of all
outstanding principal amounts of any Advances (including any amounts used for Cash Management Services), and minus (ii) the Dollar Equivalent of the face amount of any outstanding Letters of Credit (including drawn but unreimbursed Letters of
Credit). The amount otherwise available for Credit Extensions under the Revolving Line shall be reduced by an amount equal to ten percent (10%) of each outstanding FX Forward Contract (the “FX Reduction Amount”). Any amounts
needed to fully reimburse Bank for any amounts not paid by Borrower in connection with FX Forward Contracts will be treated as Advances under the Revolving Line and will accrue interest at the interest rate applicable to Advances. 

 

	 	2.1.5	Cash Management Services Sublimit. 

 Borrower may use the Revolving Line for Bank’s
cash management services, which may include merchant services, direct deposit of payroll, business credit card, and check cashing services identified in Bank’s various cash management services agreements (collectively, the “Cash
Management Services”), in an aggregate amount not to exceed the lesser of (A) One Million Dollars ($1,000,000), minus (i) the Dollar Equivalent of the face amount of any outstanding Letters of Credit (including drawn but
unreimbursed Letters of Credit), and minus (ii) the FX Reduction Amount, or (B) the lesser of Revolving Line or the Borrowing Base, minus (i) the sum of all outstanding principal amounts of any Advances, minus the Dollar Equivalent of
the face amount of any outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit), and minus (ii) the FX Reduction Amount. Any amounts Bank pays on behalf of Borrower for any Cash Management Services will be treated as
Advances under the Revolving Line and will accrue interest at the interest rate applicable to Advances. 
  

	 	2.2	Overadvances. 

 If, at any time, the sum of (a) the outstanding principal amount of
any Advances (including any amounts used for Cash Management Services), plus (b) the face amount of any outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit), plus (c) the FX Reduction Amount (such sum being an
“Overadvance”) exceeds the lesser of either the 

  
 4. 

 
Revolving Line or the Borrowing Base, Borrower shall immediately pay to Bank in cash such Overadvance. Without limiting Borrower’s obligation to repay Bank any amount of the Overadvance,
Borrower agrees to pay Bank interest on the outstanding amount of any Overadvance, on demand, at the Default Rate. 
  

	 	2.3	Payment of Interest on the Credit Extensions. 

 (a) Interest Rate. 

(i) Growth Capital Advances. Subject to Section 2.3(b), the principal amount outstanding for each Growth Capital Advance shall
accrue interest at a fixed per annum rate equal to the greater of either (A) the Prime Rate (fixed as of the Funding Date of each Growth Capital Advance), plus two percent (2.00%) or (B) six percent (6.00%), which interest shall be
payable monthly in accordance with Section 2.3(f) below. 
 (ii) Advances. Subject to Section 2.3(b), the principal amount
outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate, plus one and one half of one percent (1.50%), which interest shall be payable monthly in accordance with Section 2.3(f) below. 

(b) Default Rate. Immediately upon the occurrence and during the continuance of an Event of Default, Obligations shall bear interest at
a rate per annum which is five percentage points (5.00%) above the rate that is otherwise applicable thereto (the “Default Rate”) unless Bank otherwise elects from time to time in its sole discretion to impose a smaller
increase. Fees and expenses which are required to be paid by Borrower pursuant to the Loan Documents (including, without limitation, Bank Expenses) but are not paid when due shall bear interest until paid at a rate equal to the highest rate
applicable to the Obligations. Payment or acceptance of the increased interest rate provided in this Section 2.3(b) is not a permitted alternative to timely payment and shall not constitute a waiver of any Event of Default or otherwise
prejudice or limit any rights or remedies of Bank. 
 (c) Adjustment to Interest Rate. Changes to the interest rate of any Credit
Extension based on changes to the Prime Rate shall be effective on the effective date of any change to the Prime Rate and to the extent of any such change. 

(d) Debit of Accounts. Bank may debit any of Borrower’s deposit accounts, including the Designated Deposit Account, for principal
and interest payments or any other amounts Borrower owes Bank when due. These debits shall not constitute a set-off. 
 (e)
Collections. Subject to the terms of Section 2.6(b), at all times that Borrower is not operating under a Streamline Period, Collections deposited into the Cash Collateral Account (or Lockbox, as applicable) will be credited on a daily
basis, within three (3) days of receipt of such amounts by Bank, to the outstanding Obligations under the Revolving Line, but if there is an Event of Default, Bank may apply Collections to the Obligations in any order it chooses. 

(f) Payment; Interest Computation. Interest is payable monthly on the last calendar day of each month and shall be computed on the basis
of a 360-day year for the actual 

  
 5. 

 
number of days elapsed. In computing interest, (i) all Payments received after 12:00 p.m. Pacific time on any day shall be deemed received at the opening of business on the next Business
Day, and (ii) the date of the making of any Credit Extension shall be included and the date of payment shall be excluded; provided, however, that if any Credit Extension is repaid on the same day on which it is made, such day shall be
included in computing interest on such Credit Extension. Bank shall not, however, be required to credit Borrower’s account for the amount of any item of payment which is unsatisfactory to Bank in its good faith business judgment, and Bank may
charge Borrower’s Designated Deposit Account for the amount of any item of payment which is returned to Bank unpaid. 
  

	 	2.4	Fees. 

 Borrower shall pay to Bank: 

(a) Commitment Fee. A fully earned, non-refundable commitment fee of Forty Thousand Dollars ($40,000) (the “Commitment
Fee”), on the Effective Date; 
 (b) Good Faith Deposit. Borrower has paid to Bank a good faith deposit of Forty Thousand
Dollars ($40,000) (the “Good Faith Deposit”) to initiate Bank’s due diligence review process. Any portion of the Good Faith Deposit not utilized to pay Bank Expenses, accrued on or before the Effective Date, will be applied to
the Commitment Fee; 
 (c) Letter of Credit Fee. Bank’s customary fees and expenses for the issuance or renewal of Letters of
Credit, upon the issuance of such Letter of Credit, each anniversary of the issuance during the term of such Letter of Credit, and upon the renewal of such Letter of Credit by Bank; 

(d) Final Payment. The Final Payment, when due pursuant to the terms of Sections 2.1.1(c), 2.1.l(d) and 2.1.1(e); and 

(e) Bank Expenses. All Bank Expenses (including reasonable attorneys’ fees and expenses for documentation and negotiation of this
Agreement) incurred through and after the Effective Date, when due. 
  

	 	2.5	Payments. 

 All payments (including prepayments) to be made by Borrower under any Loan
Document shall be made in immediately available funds in U.S. Dollars, without setoff or counterclaim, before 12:00 p.m. Pacific time on the date when due. Payments of principal and/or interest received after 12:00 p.m. Pacific time are considered
received at the opening of business on the next Business Day. When a payment is due on a day that is not a Business Day, the payment shall be due the next Business Day, and additional fees or interest, as applicable, shall continue to accrue until
paid. 
  

	 	2.6	Cash Collateral Account; Lockbox; Account Collection Services. 

 (a) Borrower shall
direct each Account Debtor (and each depository institution where proceeds of Accounts are on deposit) to (i) remit payments (including, but 

  
 6. 

 
limited to, check collections) with respect to the Accounts and (ii) wire transfer all automatic clearing house and wire payments with respect to the Accounts, to a cash collateral account
that Bank controls (the “Cash Collateral Account”). It will be considered an immediate Event of Default if the Cash Collateral Account is not set-up and operational within five (5) days after the Effective Date. Notwithstanding
the foregoing, as and when directed by Bank from time to time, at Bank’s option and at the sole and exclusive discretion of Bank (regardless of whether an Event of Default has occurred) and subject to Bank’s quarterly review of
Borrower’s check collections, Borrower shall direct each Account Debtor (and each depository institution where proceeds of Accounts are on deposit) to remit all other checks and other payments with respect to the Accounts to a lockbox account
established with Bank (the “Lockbox”). It will be considered an immediate Event of Default if the Lockbox is not set-up and operational within forty-five (45) days from the date of such direction by Bank. 

(b) Until the Cash Collateral Account is established, the proceeds of the Accounts shall be paid by the Account Debtors to an address consented
to by Bank. Upon receipt by Borrower of proceeds of the Accounts paid by the Account Debtors, Borrower shall immediately transfer and deliver same to Bank, along with a detailed cash receipts journal. Provided (i) no Event of Default exists or
an event that with notice or lapse of time will be an Event of Default and (ii) during a Streamline Period, within three (3) days of receipt of such amounts by Bank, Bank will deposit into Borrower’s depository account with Bank or
Bank’s Affiliates the proceeds of the Accounts. This Section does not impose any affirmative duty on Bank to perform any act other than as specifically set forth herein. All Accounts and the proceeds thereof are Collateral and if an Event of
Default occurs, Bank may apply the proceeds of such Accounts to the Obligations. 
  

	 	3	CONDITIONS OF LOANS 

  

	 	3.1	Conditions Precedent to Initial Credit Extension. 

 Bank’s obligation to make the
initial Credit Extension is subject to the condition precedent that Bank shall have received, in form and substance satisfactory to Bank, such documents, and completion of such other matters, as Bank may reasonably deem necessary or appropriate,
including, without limitation: 
 (a) duly executed original signatures to the Loan Documents; 

(b) duly executed original signatures to the Warrant; 

(c) duly executed original signatures to the Control Agreement; 

(d) duly executed original signatures to the Stock Pledge Agreement; 

(e) undated and blank Stock Powers for shares of Bermuda Subsidiary; 

(f) Borrower’s Operating Documents and a good standing certificate of Borrower certified by the Secretary of State of the State of
Delaware as of a date no earlier than thirty (30) days prior to the Effective Date; 

  
 7. 

 (g) duly executed original signatures to the completed Borrowing Resolutions for Borrower; 

(h) certified copies, dated as of a recent date, of financing statement searches, as Bank shall request, accompanied by written evidence
(including any UCC termination statements) that the Liens indicated in any such financing statements either constitute Permitted Liens or have been or, in connection with the initial Credit Extension, will be terminated or released; 

(i) the Perfection Certificate of Borrower, together with the duly executed original signature thereto; 

(j) a copy of its Registration Rights Agreement/Investors’ Rights Agreement and any amendments thereto; 

(k) evidence satisfactory to Bank that the insurance policies required by Section 6.7 hereof are in full force and effect, together with
appropriate evidence showing lender loss payable and/or additional insured clauses or endorsements in favor of Bank; and 
 (l) payment of
the fees and Bank Expenses then due as specified in Section 2.4 hereof. 
  

	 	3.2	Conditions Precedent to all Credit Extensions. 

 Bank’s obligations to make each
Credit Extension, including the initial Credit Extension, is subject to the following conditions precedent: 
 (a) except as otherwise
provided in Section 3.5, timely receipt of an executed Transaction Report or Payment/Advance Form; 
 (b) the representations and
warranties in this Agreement shall be true, accurate, and complete in all material respects on the date of the Transaction Report or Payment/Advance Form and on the Funding Date of each Credit Extension; provided, however, that such materiality
qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof; and provided, further that those representations and warranties expressly referring to a specific date
shall be true, accurate and complete in all material respects as of such date, and no Event of Default shall have occurred and be continuing or result from the Credit Extension. Each Credit Extension is Borrower’s representation and warranty on
that date that the representations and warranties in this Agreement remain true, accurate, and complete in all material respects; provided, however, that such materiality qualifier shall not be applicable to any representations and warranties that
already are qualified or modified by materiality in the text thereof; and provided, further that those representations and warranties expressly referring to a specific date shall be true, accurate and complete in all material respects as of such
date; and 
 (c) in Bank’s sole discretion, there has not been a Material Adverse Change. 

  
 8. 

	 	3.3	Post-Closing Conditions. 

 Unless otherwise provided in writing, within forty-five
(45) days after the Effective Date, Bank shall have received, in form and substance satisfactory to Bank, the original stock certificates of Bermuda Subsidiary. 
  

	 	3.4	Covenant to Deliver. 

 Except as otherwise provided in Section 3.3, Borrower agrees
to deliver to Bank each item required to be delivered to Bank under this Agreement as a condition precedent to any Credit Extension. Borrower expressly agrees that a Credit Extension made prior to the receipt by Bank of any such item shall not
constitute a waiver by Bank of Borrower’s obligation to deliver such item, and the making of any Credit Extension in the absence of a required item shall be in Bank’s sole discretion. 

 

	 	3.5	Procedures for Borrowing. 

 (a) Growth Capital Advances. Subject to the prior
satisfaction of all other applicable conditions to the making of a Growth Capital Advance set forth in this Agreement, to obtain a Growth Capital Advance, Borrower shall notify Bank (which notice shall be irrevocable) by electronic mail, facsimile,
or telephone by 12:00 p.m. Pacific time on the Funding Date of the Growth Capital Advance. Together with such notification, Borrower must promptly deliver to Bank by electronic mail or facsimile a completed Payment/Advance Form executed by a
Responsible Officer or his or her designee. Bank shall credit Growth Capital Advances to the Designated Deposit Account. Bank may make Growth Capital Advances under this Agreement based on instructions from a Responsible Officer or his or her
designee or without instructions if the Growth Capital Advances are necessary to meet Obligations which have become due. Bank may rely on any telephone notice given by a person whom Bank believes is a Responsible Officer or designee. 

(b) Advances. Subject to the prior satisfaction of all other applicable conditions to the making of an Advance set forth in this
Agreement, to obtain an Advance (other than Advances under Sections 2.1.3 or 2.1.5), Borrower shall notify Bank (which notice shall be irrevocable) by electronic mail, facsimile, or telephone by 12:00 p.m. Pacific time on the Funding Date of the
Advance. Together with such notification, Borrower must promptly deliver to Bank by electronic mail or facsimile a completed Transaction Report executed by a Responsible Officer or his or her designee. Bank shall credit Advances to the Designated
Deposit Account. Bank may make Advances under this Agreement based on instructions from a Responsible Officer or his or her designee or without instructions if the Advances are necessary to meet Obligations which have become due. Bank may rely on
any telephone notice given by a person whom Bank believes is a Responsible Officer or designee. 
  

	 	4	CREATION OF SECURITY INTEREST 

  

	 	4.1	Grant of Security Interest. 

 Borrower hereby grants Bank, to secure the payment and
performance in full of all of the Obligations, a continuing security interest in, and pledges to Bank, the Collateral, wherever located, whether now owned or hereafter acquired or arising, and all proceeds and products thereof. 

  
 9. 

	 	4.2	Priority of Security Interest. 

 Borrower represents, warrants, and covenants that the
security interest granted herein is and shall at all times continue to be a first priority perfected security interest in the Collateral (subject only to Permitted Liens that may have superior priority to Bank’s Lien under this Agreement). If
Borrower shall acquire a commercial tort claim, Borrower shall promptly notify Bank in a writing signed by Borrower of the general details thereof and grant to Bank in such writing a security interest therein and in the proceeds thereof, all upon
the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to Bank. 
 If this Agreement is
terminated, Bank’s Lien in the Collateral shall continue until the Obligations (other than inchoate indemnity obligations and any of Borrower’s obligations arising from the Warrant) are repaid in full in cash. Upon payment in full in cash
of the Obligations (other than inchoate indemnity obligations and any of Borrower’s obligations arising from the Warrant) and at such time as Bank’s obligation to make Credit Extensions has terminated, Bank shall, at Borrower’s sole
cost and expense, release its Liens in the Collateral and all rights therein shall revert to Borrower. 
  

	 	4.3	Authorization to File Financing Statements. 

 Borrower hereby authorizes Bank to file
financing statements, without notice to Borrower, with all appropriate jurisdictions to perfect or protect Bank’s interest or rights hereunder, including a notice that any disposition of the Collateral, by either Borrower or any other Person,
shall be deemed to violate the rights of Bank under the Code. Any such financing statements may indicate the Collateral as is as set forth on Exhibit A hereto. 
  

	 	5	REPRESENTATIONS AND WARRANTIES 

 Borrower represents and warrants as follows: 

 

	 	5.1	Due Organization, Authorization; Power and Authority. 

 Borrower is duly existing and in
good standing as a Registered Organization in its jurisdiction of formation and is qualified and licensed to do business and is in good standing in any jurisdiction in which the conduct of its business or its ownership of property requires that it
be qualified except where the failure to do so could not reasonably be expected to have a material adverse effect on Borrower’s business. In connection with this Agreement, Borrower has delivered to Bank a completed certificate signed by
Borrower, entitled “Perfection Certificate”. Borrower represents and warrants to Bank that (a) Borrower’s exact legal name is that indicated on the Perfection Certificate and on the signature page hereof; (b) Borrower is an
organization of the type and is organized in the jurisdiction set forth in the Perfection Certificate; (c) the Perfection Certificate accurately sets forth Borrower’s organizational identification number or accurately states that Borrower
has none; (d) the Perfection Certificate accurately sets forth Borrower’s place of business, or, if more than one, its chief executive office as well as Borrower’s mailing address (if different than its chief executive office);
(e) Borrower (and each 

  
 10. 

 
of its predecessors) has not, in the past five (5) years, changed its jurisdiction of formation, organizational structure or type, or any organizational number assigned by its jurisdiction;
and (f) all other information set forth on the Perfection Certificate pertaining to Borrower and each of its Subsidiaries is accurate and complete (it being understood and agreed that Borrower may from time to time update certain information in
the Perfection Certificate after the Effective Date to the extent permitted by one or more specific provisions in this Agreement). If Borrower is not now a Registered Organization but later becomes one, Borrower shall promptly notify Bank of such
occurrence and provide Bank with Borrower’s organizational identification number. 
 The execution, delivery and performance by
Borrower of the Loan Documents to which it is a party have been duly authorized, and do not (i) conflict with any of Borrower’s organizational documents, (ii) contravene, conflict with, constitute a default under or violate any
material Requirement of Law, (iii) contravene, conflict or violate any applicable order, writ, judgment, injunction, decree, determination or award of any Governmental Authority by which Borrower or any of its Subsidiaries or any of their
property or assets may be bound or affected, (iv) require any action by, filing, registration, or qualification with, or Governmental Approval from, any Governmental Authority (except such Governmental Approvals which have already been obtained
and are in full force and effect) or (v) constitute an event of default under any material agreement by which Borrower is bound. Borrower is not in default under any agreement to which it is a party or by which it is bound in which the default
could reasonably be expected to have a material adverse effect on Borrower’s business. 
  

	 	5.2	Collateral. 

 Borrower has good title to, has rights in, and the power to transfer each
item of the Collateral upon which it purports to grant a Lien hereunder, free and clear of any and all Liens except Permitted Liens. Borrower has no deposit accounts other than the deposit accounts with Bank, the deposit accounts, if any, described
in the Perfection Certificate delivered to Bank in connection herewith, or of which Borrower has given Bank notice and taken such actions as are necessary to give Bank a perfected security interest therein. The Accounts are bona fide, existing
obligations of the Account Debtors. 
 The Collateral is not in the possession of any third party bailee (such as a warehouse) except as
otherwise provided in the Perfection Certificate. None of the components of the Collateral shall be maintained at locations other than as provided in the Perfection Certificate or as permitted pursuant to Section 7.2. 

All Inventory is in all material respects of good and marketable quality, free from material defects. 

Borrower and each Subsidiary of Borrower is the sole owner of the Intellectual Property which it owns or purports to own except for
(a) non-exclusive licenses granted to its customers in the ordinary course of business, (b) over-the-counter software that is commercially available to the public, and (c) material Intellectual Property licensed to Borrower and its
Subsidiaries and noted on the Perfection Certificate. Each Patent which Borrower and each Subsidiary owns or purports to own and which is material to Borrower’s or any Subsidiary’s business is valid and enforceable, and no part of the
Intellectual Property which Borrower or any Subsidiary owns or 

  
 11. 

 
purports to own and which is material to Borrower’s or any Subsidiary’s business has been judged invalid or unenforceable, in whole or in part. To the best of Borrower’s knowledge,
no claim has been made that any part of the Intellectual Property violates the rights of any third party except to the extent such claim would not reasonably be expected to have a material adverse effect on Borrower’s or any Subsidiary’s
business. Except as noted on the Perfection Certificate, Borrower and its Subsidiaries are not a party to, nor are bound by, any Restricted License. 
  

	 	5.3	Accounts Receivable. 

 (a) For each Account with respect to which Advances are requested,
on the date each Advance is requested and made, such Account shall be an Eligible Account. 
 (b) All statements made and all unpaid balances
appearing in all invoices, instruments and other documents evidencing the Eligible Accounts are and shall be true and correct and all such invoices, instruments and other documents, and all of Borrower’s Books are genuine and in all respects
what they purport to be. Whether or not an Event of Default has occurred and is continuing, Bank may notify any Account Debtor owing Borrower money of Bank’s security interest in such funds and verify the amount of such Eligible Account. All
sales and other transactions underlying or giving rise to each Eligible Account shall comply in all material respects with all applicable laws and governmental rules and regulations. Borrower has no knowledge of any actual or imminent Insolvency
Proceeding of any Account Debtor whose accounts are Eligible Accounts in any Transaction Report. To the best of Borrower’s knowledge, all signatures and endorsements on all documents, instruments, and agreements relating to all Eligible
Accounts are genuine, and all such documents, instruments and agreements are legally enforceable in accordance with their terms. 
  

	 	5.4	Litigation. 

 There are no actions or proceedings pending or, to the knowledge of the
Responsible Officers, threatened in writing by or against Borrower or any of its Subsidiaries involving more than One Hundred Thousand Dollars ($100,000), individually or in the aggregate, One Hundred Thousand Dollars ($100,000). 

 

	 	5.5	Financial Statements; Financial Condition. 

 All consolidated financial statements for
Borrower and any of its Subsidiaries delivered to Bank fairly present in all material respects Borrower’s consolidated financial condition and Borrower’s consolidated results of operations. There has not been any material deterioration in
Borrower’s consolidated financial condition since the date of the most recent financial statements submitted to Bank. 
  

	 	5.6	Solvency. 

 The fair salable value of Borrower’s assets (including goodwill minus
disposition costs) exceeds the fair value of its liabilities; Borrower is not left with unreasonably small capital after the transactions in this Agreement; and Borrower is able to pay its debts (including trade debts) as they mature. 

  
 12. 

	 	5.7	Regulatory Compliance. 

 Borrower is not an “investment company” or a company
“controlled” by an “investment company” under the Investment Company Act of 1940, as amended. Borrower is not engaged as one of its important activities in extending credit for margin stock (under Regulations X, T and U of the
Federal Reserve Board of Governors). Borrower has complied in all material respects with the Federal Fair Labor Standards Act. Neither Borrower nor any of its Subsidiaries is a “holding company” or an “affiliate” of a
“holding company” or a “subsidiary company” of a “holding company” as each term is defined and used in the Public Utility Holding Company Act of 2005. Borrower has not violated any laws, ordinances or rules, the
violation of which could reasonably be expected to have a material adverse effect on its business. None of Borrower’s or any of its Subsidiaries’ properties or assets has been used by Borrower or any Subsidiary or, to the best of
Borrower’s knowledge, by previous Persons, in disposing, producing, storing, treating, or transporting any hazardous substance other than legally. Borrower and each of its Subsidiaries have obtained all consents, approvals and authorizations
of, made all declarations or filings with, and given all notices to, all Governmental Authorities that are necessary to continue their respective businesses as currently conducted. 

 

	 	5.8	Subsidiaries; Investments. 

 Borrower does not own any stock, partnership interest or
other equity securities except for Permitted Investments. 
  

	 	5.9	Tax Returns and Payments; Pension Contributions. 

 Borrower has timely filed all required
tax returns and reports, and Borrower has timely paid all foreign, federal, state and local taxes, assessments, deposits and contributions owed by Borrower. Borrower may defer payment of any contested taxes, provided that Borrower (a) in good
faith contests its obligation to pay the taxes by appropriate proceedings promptly and diligently instituted and conducted, (b) notifies Bank in writing of the commencement of, and any material development in, the proceedings, (c) posts
bonds or takes any other steps required to prevent the Governmental Authority levying such contested taxes from obtaining a Lien upon any of the Collateral that is other than a “Permitted Lien”. Borrower is unaware of any claims or
adjustments proposed for any of Borrower’s prior tax years which could result in additional taxes becoming due and payable by Borrower. Borrower has paid all amounts necessary to fund all present pension, profit sharing and deferred
compensation plans in accordance with their terms, and Borrower has not withdrawn from participation in, and has not permitted partial or complete termination of, or permitted the occurrence of any other event with respect to, any such plan which
could reasonably be expected to result in any liability of Borrower, including any liability to the Pension Benefit Guaranty Corporation or its successors or any other governmental agency. 

 

	 	5.10	Use of Proceeds. 

 Borrower shall use the proceeds of the Credit Extensions solely as
working capital and to fund its general business requirements and not for personal, family, household or agricultural purposes; provided, however, notwithstanding the foregoing, the proceeds of the Tranche B Advances shall be used solely for
financing Eligible Purchase Orders. 

  
 13. 

	 	5.11	Full Disclosure. 

 No written representation, warranty or other statement of Borrower in
any certificate or written statement given to Bank, as of the date such representation, warranty, or other statement was made, taken together with all such written certificates and written statements given to Bank, contains any untrue statement of a
material fact or omits to state a material fact necessary to make the statements contained in the certificates or statements not misleading (it being recognized by Bank that the projections and forecasts provided by Borrower in good faith and based
upon reasonable assumptions are not viewed as facts and that actual results during the period or periods covered by such projections and forecasts may differ from the projected or forecasted results). 

 

	 	5.12	Definition of “Knowledge.” 

 For purposes of the Loan Documents, whenever a
representation or warranty is made to Borrower’s knowledge or awareness, to the “best of” Borrower’s knowledge, or with a similar qualification, knowledge or awareness means the actual knowledge, after reasonable investigation,
of the Responsible Officers. 
  

	 	6	AFFIRMATIVE COVENANTS 

 Borrower shall do all of the following: 

 

	 	6.1	Government Compliance. 

 (a) Maintain its and all its Subsidiaries’ legal existence
and good standing in their respective jurisdictions of formation and maintain qualification in each jurisdiction in which the failure to so qualify would reasonably be expected to have a material adverse effect on Borrower’s business or
operations. Borrower shall comply, and have each Subsidiary comply, with all laws, ordinances and regulations to which it is subject, noncompliance with which could reasonably expected to have a material adverse effect on Borrower’s business.

 (b) Use commercially reasonable efforts to obtain all of the Governmental Approvals necessary for the performance by Borrower of its
obligations under the Loan Documents to which it is a party and the grant of a security interest to Bank in all of its property. Borrower shall promptly provide copies of any such obtained Governmental Approvals to Bank. 

 

	 	6.2	Financial Statements, Reports, Certificates. 

 Provide Bank with the following: 

(a) at all times that any Advances are outstanding, a Transaction Report (and any schedules related thereto) each week; provided, however, that
during a Streamline Period, provided no Event of Default has occurred and is continuing, such Transaction Report (and any schedules related thereto) shall be required to be provided to Bank within thirty (30) days after the last day of each
month, rather than on a weekly basis; 

  
 14. 

 (b) within thirty (30) days after the end of each month, (A) monthly accounts
receivable agings, aged by invoice date, (B) monthly accounts payable agings, aged by invoice date, and outstanding or held check registers, if any, and (C) monthly reconciliations of accounts receivable agings (aged by invoice date),
transaction reports and general ledger; 
 (c) as soon as available, but no later than thirty (30) days after the last day of each
month, a company prepared consolidating balance sheet and income statement covering Borrower’s and each of its Subsidiary’s operations for such month certified by a Responsible Officer and in a form acceptable to Bank (the “Monthly
Financial Statements”); 
 (d) within thirty (30) days after the last day of each month and together with the Monthly Financial
Statements, a duly completed Compliance Certificate signed by a Responsible Officer, certifying that as of the end of such month, Borrower was in full compliance with all of the terms and conditions of this Agreement, and setting forth calculations
showing compliance with the financial covenants set forth in this Agreement and such other information as Bank shall reasonably request, including, without limitation, a statement that at the end of such month there were no held checks; 

(e) within thirty (30) days after the last day of each month, a consolidated statement of the cash balances maintained in each Foreign
Deposit Account; 
 (f) within ten (10) days of approval by the Board of Directors of Borrower, (A) annual operating budgets
(including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrower, and (B) annual financial projections for the following fiscal year (on a quarterly basis) as approved by Borrower’s
board of directors; 
 (g) as soon as available, and in any event within one hundred eighty (180) days following the end of
Borrower’s fiscal year, audited consolidating financial statements prepared under GAAP, consistently applied, together with an unqualified opinion on the financial statements from an independent certified public accounting firm acceptable to
Bank in its reasonable discretion; 
 (h) as soon as available, but no later than thirty (30) days following the end of Borrower’s
fiscal year, company prepared consolidating financial statements covering Borrower’s and each of its Subsidiary’s operations for such fiscal year certified by a Responsible Officer and in a form acceptable to Bank; 

(i) in the event that Borrower becomes subject to the reporting requirements under the Exchange Act within five (5) days of filing, copies
of all periodic and other reports, proxy statements and other materials filed by Borrower with the SEC, any Governmental Authority succeeding to any or all of the functions of the SEC or with any national securities exchange, or distributed to its
shareholders, as the case may be. Documents required to be delivered pursuant to the terms hereof (to the extent any such documents are included in materials otherwise filed with the SEC) may be delivered electronically and if so delivered, shall be
deemed to have been delivered on the date on which Borrower posts such documents, or provides a link thereto, on Borrower’s website on the Internet at Borrower’s website address; 

  
 15. 

 (j) within five (5) days of delivery, copies of all statements, reports and notices made
generally available to Borrower’s security holders or to any holders of Subordinated Debt; 
 (k) prompt report of any legal actions
pending or threatened in writing against Borrower or any of its Subsidiaries that could result in damages or costs to Borrower or any of its Subsidiaries of, individually or in the aggregate, One Hundred Thousand Dollars ($100,000) or more; and 

(l) other financial information reasonably requested by Bank. 
  

	 	6.3	Accounts Receivable. 

 (a) Schedules and Documents Relating to Accounts. Borrower
shall deliver to Bank transaction reports and schedules of collections, as provided in Section 6.2, on Bank’s standard forms; provided, however, that Borrower’s failure to execute and deliver the same shall not affect or limit
Bank’s Lien and other rights in all of Borrower’s Accounts, nor shall Bank’s failure to advance or lend against a specific Account affect or limit Bank’s Lien and other rights therein. If requested by Bank, Borrower shall furnish
Bank with copies (or, at Bank’s request, originals) of all contracts, orders, invoices, and other similar documents, and all shipping instructions, delivery receipts, bills of lading, and other evidence of delivery, for any goods the sale or
disposition of which gave rise to such Accounts. In addition, Borrower shall deliver to Bank, on its request, the originals of all instruments, chattel paper, security agreements, guarantees and other documents and property evidencing or securing
any Accounts, in the same form as received, with all necessary indorsements, and copies of all credit memos. 
 (b) Disputes. Borrower
shall promptly notify Bank of all disputes or claims relating to Accounts. Borrower may forgive (completely or partially), compromise, or settle any Account for less than payment in full, or agree to do any of the foregoing so long as
(i) Borrower does so in good faith, in a commercially reasonable manner, in the ordinary course of business, in arm’s-length transactions, and reports the same to Bank in the regular reports provided to Bank; (ii) no Event of Default
has occurred and is continuing; and (iii) after taking into account all such discounts, settlements and forgiveness, the total outstanding Advances will not exceed the lesser of the Revolving Line or the Aggregate Borrowing Base. 

(c) Collection of Accounts. Borrower shall have the right to collect all Accounts, unless and until an Event of Default has occurred and
is continuing. Bank may, in its good faith business judgment, require that all proceeds of Accounts be deposited by Borrower into a lockbox account, or such other “blocked account” as specified by Bank, pursuant to a blocked account
agreement in such form as Bank may specify in its good faith business judgment. Whether or not an Event of Default has occurred and is continuing, Borrower shall immediately deliver all payments on and proceeds of Accounts to an account maintained
with Bank to be applied (i) prior to an Event of Default, pursuant to the terms of Sections 2.3(e) and 2.6 hereof, and (ii) after the occurrence and during the continuance of an Event of Default, pursuant to the terms of Section 9.4
hereof. 

  
 16. 

 (d) Returns. Provided no Event of Default has occurred and is continuing, if any Account
Debtor returns any Inventory to Borrower with a value in excess of Two Hundred Fifty Thousand Dollars ($250,000), Borrower shall promptly (i) determine the reason for such return, (ii) issue a credit memorandum to the Account Debtor in the
appropriate amount, and (iii) provide a copy of such credit memorandum to Bank, upon request from Bank. In the event any attempted return occurs after the occurrence and during the continuance of any Event of Default, Borrower shall immediately
notify Bank of the return of the Inventory. 
 (e) Verification. Bank may, from time to time, verify directly with the respective
Account Debtors the validity, amount and other matters relating to the Accounts, either in the name of Borrower or Bank or such other name as Bank may choose. 

(f) No Liability. Bank shall not be responsible or liable for any shortage or discrepancy in, damage to, or loss or destruction of, any
goods, the sale or other disposition of which gives rise to an Account, or for any error, act, omission, or delay of any kind occurring in the settlement, failure to settle, collection or failure to collect any Account, or for settling any Account
in good faith for less than the full amount thereof, nor shall Bank be deemed to be responsible for any of Borrower’s obligations under any contract or agreement giving rise to an Account. Nothing herein shall, however, relieve Bank from
liability for its own gross negligence or willful misconduct. 
  

	 	6.4	Remittance of Proceeds. 

 Except as otherwise provided in Section 6.3(c), deliver,
in kind, all proceeds arising from the disposition of any Collateral to Bank in the original form in which received by Borrower not later than the following Business Day after receipt by Borrower, to be applied to the Obligations (1) prior to
an Event of Default, pursuant to the terms of Sections 2.3(e) and 2.6 hereof, and (2) after the occurrence and during the continuance of an Event of Default, pursuant to the terms of Section 9.4 hereof; provided that, if no Event of
Default has occurred and is continuing, Borrower shall not be obligated to remit to Bank the proceeds of the sale of surplus, worn out or obsolete Equipment disposed of by Borrower in good faith in an arm’s length transaction for an aggregate
purchase price of Two Hundred Thousand Dollars ($200,000) or less (for all such transactions in any fiscal year). Borrower agrees that it will maintain all proceeds of Collateral in an account maintained with Bank. Nothing in this Section limits the
restrictions on disposition of Collateral set forth elsewhere in this Agreement. 
  

	 	6.5	Taxes; Pensions. 

 Timely file, and require each of its Subsidiaries to timely file, all
required tax returns and reports and timely pay, and require each of its Subsidiaries to timely pay, all foreign, federal, state and local taxes, assessments, deposits and contributions owed by Borrower and each of its Subsidiaries, except for
deferred payment of any taxes contested pursuant to the terms of Section 5.9 hereof, and shall deliver to Bank, on demand, appropriate certificates attesting to such payments, and pay all amounts necessary to fund all present pension, profit
sharing and deferred compensation plans in accordance with their terms. 

  
 17. 

	 	6.6	Access to Collateral; Books and Records. 

 At reasonable times, on three
(3) Business Days’ notice (provided no notice is required if an Event of Default has occurred and is continuing), Bank, or its agents, shall have the right to inspect the Collateral and the right to audit and copy Borrower’s Books.
Provided no Event of Default has occurred and is continuing, such audits shall be conducted no more than once every twelve (12) months. Borrower hereby acknowledges that the Initial Audit will be conducted within sixty (60) days prior to
the initial Advance. The foregoing inspections and audits shall be at Borrower’s expense, and the charge therefor shall be Eight Hundred Fifty Dollars ($850) per person per day (or such higher amount as shall represent Bank’s then-current
standard charge for the same), plus reasonable out-of-pocket expenses. In the event Borrower and Bank schedule an audit more than ten (10) days in advance, and Borrower cancels or seeks to reschedules the audit with less than ten (10) days
written notice to Bank, then (without limiting any of Bank’s rights or remedies), Borrower shall pay Bank a fee of One Thousand Dollars ($1,000) plus any out-of-pocket expenses incurred by Bank to
compensate Bank for the anticipated costs and expenses of the cancellation or rescheduling. 
  

	 	6.7	Insurance. 

 Keep its business and the Collateral insured for risks and in amounts
standard for companies in Borrower’s industry and location and as Bank may reasonably request. Insurance policies shall be in a form, with companies, and in amounts that are satisfactory to Bank. All property policies shall have a lender’s
loss payable endorsement showing Bank as an additional lender loss payee and waive subrogation against Bank. All liability policies shall show, or have endorsements showing, Bank as an additional insured. All policies (or the loss payable and
additional insured endorsements) shall provide that the insurer shall give Bank at least twenty (20) days notice before canceling, amending, or declining to renew its policy. At Bank’s request, Borrower shall deliver certified copies of
policies and evidence of all premium payments. Proceeds payable under any property policy shall, at Bank’s option, be payable to Bank on account of the Obligations. Notwithstanding the foregoing, (a) so long as no Event of Default has
occurred and is continuing, Borrower shall have the option of applying the proceeds of any casualty policy up to Fifty Thousand Dollars ($50,000) with respect to any loss, but not exceeding Two Hundred Thousand Dollars ($200,000) in the aggregate
for all losses under all casualty policies in any one year, toward the replacement or repair of destroyed or damaged property; provided that any such replaced or repaired property (i) shall be of equal or like value as the replaced or repaired
Collateral and (ii) shall be deemed Collateral in which Bank has been granted a first priority security interest, and (b) after the occurrence and during the continuance of an Event of Default, all proceeds payable under such casualty
policy shall, at the option of Bank, be payable to Bank on account of the Obligations. If Borrower fails to obtain insurance as required under this Section 6.7 or to pay any amount or furnish any required proof of payment to third persons and
Bank, Bank may make all or part of such payment or obtain such insurance policies required in this Section 6.7, and take any action under the policies Bank deems prudent. 

 

	 	6.8	Operating Accounts. 

 (a) Maintain all of its and all of its Subsidiaries’ primary
operating and investment accounts with Bank and Bank’s Affiliates except for its foreign deposit accounts with 

  
 18. 

 
the banks or financial institutions listed on the Perfection Certificate (individually, a “Foreign Deposit Account”, and collectively, the “Foreign Deposit
Accounts”); provided, that the Foreign Deposit Accounts shall not contain deposits having a value of more than Two Hundred Fifty Thousand Dollars ($250,000) in the aggregate at any time, except for the Foreign Deposit Accounts of
Borrower’s Malaysia Subsidiary, which Malaysia Subsidiary may maintain an average monthly balance of deposits, tested as of the last day of each month, having a value not to exceed Three Hundred Thousand Dollars ($300,000). Notwithstanding the
foregoing, Borrower may maintain its primary operating accounts at Comerica Bank (the “Comerica Bank Accounts”) without executing and delivering Control Agreements with respect to such accounts, provided that Borrower shall close
all Comerica Bank Accounts and transfer all funds in the Comerica Bank Accounts to Bank and Bank’s Affiliates not later than sixty (60) days after the Effective Date. 

(b) Provide Bank five (5) days prior written notice before establishing any Collateral Account at or with any bank or financial
institution other than Bank or Bank’s Affiliates. For each Collateral Account that Borrower at any time maintains, Borrower shall cause the applicable bank or financial institution (other than Bank) at or with which any Collateral Account is
maintained to execute and deliver a Control Agreement or other appropriate instrument with respect to such Collateral Account to perfect Bank’s Lien in such Collateral Account in accordance with the terms hereunder which Control Agreement may
not be terminated without the prior written consent of Bank. The provisions of the previous sentence shall not apply to deposit accounts exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit
of Borrower’s employees and identified to Bank by Borrower as such. 
  

	 	6.9	Protection of Intellectual Property Rights. 

 (a) (i) Use commercially reasonable efforts
to protect, defend and maintain the validity and enforceability of its Intellectual Property and each of its Subsidiary’s Intellectual Property; (ii) promptly advise Bank in writing of material infringements of its Intellectual Property
and each of its Subsidiary’s Intellectual Property; and (iii) not allow any Intellectual Property material to Borrower’s or any Subsidiary’s business to be abandoned, forfeited or dedicated to the public without Bank’s
written consent. 
 (b) Provide written notice to Bank within thirty (30) days of entering or becoming bound by any Restricted License
(other than over-the-counter software that is commercially available to the public). Borrower shall take such steps as Bank requests to obtain the consent of, or waiver by, any person whose consent or waiver is necessary for (i) any Restricted
License to be deemed “Collateral” and for Bank to have a security interest in it that might otherwise be restricted or prohibited by law or by the terms of any such Restricted License, whether now existing or entered into in the future,
and (ii) Bank to have the ability in the event of a liquidation of any Collateral to dispose of such Collateral in accordance with Bank’s rights and remedies under this Agreement and the other Loan Documents. 

  
 19. 

	 	6.10	Litigation Cooperation. 

 From the date hereof and continuing through the termination of
this Agreement, make available to Bank, without expense to Bank, Borrower and its officers, employees and agents and Borrower’s books and records, to the extent that Bank may deem them reasonably necessary to prosecute or defend any third-party
suit or proceeding instituted by or against Bank with respect to any Collateral or relating to Borrower; provided however, that any information provided to Bank shall be subject to the confidentiality provisions set forth in Section 12.10
herein, and Borrower shall not be required to disclose any information that is of a highly confidential nature or otherwise subject to attorney-client privilege. 
  

	 	6.11	Further Assurances. 

 Execute any further instruments and take further action as Bank
reasonably requests to perfect or continue Bank’s Lien in the Collateral or to effect the purposes of this Agreement. Deliver to Bank, within five (5) days after the same are sent or received, copies of all correspondence, reports,
documents and other filings with any Governmental Authority regarding compliance with or maintenance of Governmental Approvals or Requirements of Law or that could reasonably be expected to have a material effect on any of the Governmental Approvals
or otherwise on the operations of Borrower or any of its Subsidiaries. 
  

	 	7	NEGATIVE COVENANTS 

 Borrower shall not do any of the following without
Bank’s prior written consent: 
  

	 	7.1	Dispositions. 

 Convey, sell, lease, transfer, assign, or otherwise dispose of
(collectively, “Transfer”), or permit any of its Subsidiaries to Transfer, all or any part of its business or property, except for Transfers (a) of Inventory in the ordinary course of business; (b) of worn-out or obsolete
Equipment; and (c) in connection with Permitted Liens and Permitted Investments; (d) of non-exclusive licenses for the use of the property of Borrower or its Subsidiaries in the ordinary course of
business; and (e) of property, valued in amount not to exceed Two Hundred Thousand Dollars ($200,000) in the aggregate in any fiscal year, to Borrower’s Subsidiaries consistent with past practices of Borrower and solely within the ordinary
course of Borrower’s business. 
  

	 	7.2	Changes in Business, Management, Ownership, or Business Locations. 

 (a) Engage in or
permit any of its Subsidiaries to engage in any business other than the businesses currently engaged in by Borrower and such Subsidiary, as applicable, or reasonably related thereto; (b) liquidate or dissolve; or (c) (i) any
Responsible Officer ceases to hold such office with Borrower and a replacement satisfactory to Borrower’s Board of Directors is not made within thirty (30) days after his departure from Borrower; or (ii) enter into any transaction or
series of related transactions in which the stockholders of Borrower who were not stockholders immediately prior to the first such transaction own more than forty-nine percent (49%) of the voting stock of Borrower immediately after giving
effect to such transaction or related series of such transactions (other than by the sale of Borrower’s equity securities in a public offering or to venture capital investors so long as Borrower identifies to Bank the venture capital investors
prior to the closing of the transaction and provides to Bank a description of the material terms of the transaction). 

  
 20. 

 Borrower shall not, without at least twenty (20) days prior written notice to Bank:
(1) add any new offices or business locations, including warehouses (unless such new offices or business locations contain less than Fifty Thousand Dollars ($50,000) in Borrower’s assets or property) or deliver any portion of the
Collateral valued, individually or in the aggregate, in excess of Fifty Thousand Dollars ($50,000) to a bailee at a location other than to a bailee and at a location already disclosed in the Perfection Certificate, (2) change its jurisdiction
of organization, (3) change its organizational structure or type, (4) change its legal name, or (5) change any organizational number (if any) assigned by its jurisdiction of organization. If Borrower intends to deliver any portion of
the Collateral valued, individually or in the aggregate, in excess of Fifty Thousand Dollars ($50,000) to a bailee, and Bank and such bailee are not already parties to a bailee agreement governing both the Collateral and the location to which
Borrower intends to deliver the Collateral, then Borrower will first receive the written consent of Bank, and such bailee shall execute and deliver a bailee agreement in form and substance satisfactory to Bank in its sole discretion. 

 

	 	7.3	Mergers or Acquisitions. 

 Merge or consolidate, or permit any of its Subsidiaries to
merge or consolidate, with any other Person, or acquire, or permit any of its Subsidiaries to acquire, all or substantially all of the capital stock or property of another Person. A Subsidiary may merge or consolidate into another Subsidiary or into
Borrower; provided, however, only advance written notice to Bank (but not any consent from Bank) will be required for any of the restricted actions in this Section 7.3 if (i) all Obligations are being repaid in full as a condition to
consummation of such action, and (ii) Bank has no further obligation hereunder to make any further Advances or Growth Capital Advances. 
  

	 	7.4	Indebtedness. 

 Create, incur, assume, or be liable for any Indebtedness, or permit any
Subsidiary to do so, other than Permitted Indebtedness. 
  

	 	7.5	Encumbrance. 

 Create, incur, allow, or suffer any Lien on any of its property, or assign
or convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries to do so, except for Permitted Liens, permit any Collateral not to be subject to the first priority security interest granted herein, or
enter into any agreement, document, instrument or other arrangement (except with or in favor of Bank) with any Person which directly or indirectly prohibits or has the effect of prohibiting Borrower or any Subsidiary from assigning, mortgaging,
pledging, granting a security interest in or upon, or encumbering any of Borrower’s or any Subsidiary’s Intellectual Property, except as is otherwise permitted in Section 7.1 hereof and the definition of “Permitted Liens”
herein. 

  
 21. 

	 	7.6	Maintenance of Collateral Accounts. 

 Maintain any Collateral Account except pursuant to
the terms of Section 6.8(b) hereof. 
  

	 	7.7	Distributions; Investments. 

 (a) Pay any dividends or make any distribution or payment
or redeem, retire or purchase any capital stock per fiscal year; provided that (i) Borrower may convert any of its convertible securities into other securities pursuant to the terms of such convertible securities or otherwise in exchange
thereof, (ii) Borrower may pay dividends solely in common stock; and (iii) Borrower may repurchase the stock of former employees or consultants pursuant to stock repurchase agreements so long as an Event of Default does not exist at the
time of such repurchase and would not exist after giving effect to such repurchase, provided such repurchase does not exceed in the aggregate of One Hundred Fifty Thousand Dollars ($150,000) per fiscal year; or (b) directly or indirectly make
any Investment other than Permitted Investments, or permit any of its Subsidiaries to do so. 
  

	 	7.8	Transactions with Affiliates. 

 Directly or indirectly enter into or permit to exist any
material transaction with any Affiliate of Borrower, except for (a) sales of equity securities to existing investors and (b) transactions that are in the ordinary course of Borrower’s business, upon fair and reasonable terms that are
no less favorable to Borrower than would be obtained in an arm’s length transaction with a non-affiliated Person. 
  

	 	7.9	Subordinated Debt. 

 (a) Make or permit any payment on any Subordinated Debt, except
under the terms of the subordination, intercreditor, or other similar agreement to which such Subordinated Debt is subject, or (b) amend any provision in any document relating to the Subordinated Debt which would increase the amount thereof or
adversely affect the subordination thereof to Obligations owed to Bank. 
  

	 	7.10	Compliance. 

 Become an “investment company” or a company controlled by an
“investment company”, under the Investment Company Act of 1940, as amended, or undertake as one of its important activities extending credit to purchase or carry margin stock (as defined in Regulation U of the Board of Governors of the
Federal Reserve System), or use the proceeds of any Credit Extension for that purpose; fail to meet the minimum funding requirements of ERISA, permit a Reportable Event or Prohibited Transaction, as defined in ERISA, to occur; fail to comply with
the Federal Fair Labor Standards Act or violate any other law or regulation, if the violation could reasonably be expected to have a material adverse effect on Borrower’s business, or permit any of its Subsidiaries to do so; withdraw or permit
any Subsidiary to withdraw from participation in, permit partial or complete termination of, or permit the occurrence of any other event with respect to, any present pension, profit sharing and deferred compensation plan which could reasonably be
expected to result in any liability of Borrower, including any liability to the Pension Benefit Guaranty Corporation or its successors or any other governmental agency. 

  
 22. 

	 	8	EVENTS OF DEFAULT 

 Any one of the following shall constitute an event of default
(an “Event of Default”) under this Agreement: 
  

	 	8.1	Payment Default. 

 Borrower fails to (a) make any payment of principal or interest
on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day cure period shall not apply to payments due on the
Revolving Line Maturity Date). During the cure period, the failure to make or pay any payment specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period); 

 

	 	8.2	Covenant Default. 

 (a) Borrower fails or neglects to perform any obligation in Sections
6.2, 6.5, 6.6, 6.7, 6.8, 6.9(b), or violates any covenant in Section 7; or 
 (b) Borrower fails or neglects to perform, keep, or
observe any other term, provision, condition, covenant or agreement contained in this Agreement or any Loan Documents, and as to any default (other than those specified in this Section 8) under such other term, provision, condition, covenant or
agreement that can be cured, has failed to cure the default within ten (10) days after the occurrence thereof; provided, however, that if the default cannot by its nature be cured within the ten (10) day period or cannot after diligent
attempts by Borrower be cured within such ten (10) day period, and such default is likely to be cured within a reasonable time, then Borrower shall have an additional period (which shall not in any case exceed thirty (30) days) to attempt
to cure such default, and within such reasonable time period the failure to cure the default shall not be deemed an Event of Default (but no Credit Extensions shall be made during such cure period). Cure periods provided under this section shall not
apply, among other things, to financial covenants or any other covenants set forth in clause (a) above; 
  

	 	8.3	Continued Investor Support. 

 Bank determines in its good faith judgment that it is the
clear intention of Borrower’s investors to not continue to fund the Borrower in the amounts and timeframe necessary to enable Borrower to satisfy the Obligations as they become due and payable; 

 

	 	8.4	Priority of Bank’s Security Interest. 

 There is a material impairment in the
perfection or priority of the Bank’s security interest in the Collateral; 
  

	 	8.5	Attachment; Levy; Restraint on Business. 

 (a) (i) The service of process seeking to
attach, by trustee or similar process, any funds of Borrower or of any entity under the control of Borrower (including a Subsidiary) on deposit or otherwise maintained with Bank or any Bank Affiliate, or (ii) a notice of lien or levy is

  
 23. 

 
filed against any of Borrower’s assets by any government agency, and the same under subclauses (i) and (ii) hereof are not, within ten (10) days after the occurrence thereof,
discharged or stayed (whether through the posting of a bond or otherwise); provided, however, no Credit Extensions shall be made during any ten (10) day cure period; or 

(b) (i) any material portion of Borrower’s assets is attached, seized, levied on, or comes into possession of a trustee or receiver, or
(ii) any court order enjoins, restrains, or prevents Borrower from conducting any material part of its business; 
  

	 	8.6	Insolvency. 

 (a) Borrower is unable to pay its debts (including trade debts) as they
become due or otherwise becomes insolvent; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within forty-five (45) days (but no Credit Extensions shall
be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed); 
  

	 	8.7	Other Agreements. 

 There is, under any agreement to which Borrower is a party with a
third party or parties, (a) any default resulting in a right by such third party or parties, whether or not exercised, to accelerate the maturity of any Indebtedness in an amount individually or in the aggregate in excess of One Hundred
Thousand Dollars ($100,000); or (b) any default by Borrower or guarantor, the result of which could have a material adverse effect on Borrower’s business; 
  

	 	8.8	Judgments. 

 One or more final judgments, orders, or decrees for the payment of money in
an amount, individually or in the aggregate, of at least One Hundred Thousand Dollars ($100,000) (not covered by independent third-party insurance as to which liability has been accepted by such insurance carrier) shall be rendered against Borrower
and the same are not, within ten (10) days after the entry thereof, discharged or execution thereof stayed or bonded pending appeal, or such judgments are not discharged prior to the expiration of any such stay (provided that no Credit
Extensions will be made prior to the discharge, stay, or bonding of such judgment, order, or decree); 
  

	 	8.9	Misrepresentations. 

 Borrower or any Person acting for Borrower makes any
representation, warranty, or other statement now or later in this Agreement, any Loan Document or in any writing delivered to Bank or to induce Bank to enter this Agreement or any Loan Document, and such representation, warranty, or other statement
is incorrect in any material respect when made; 
  

	 	8.10	Subordinated Debt. 

 Any document, instrument, or agreement evidencing the subordination
of any Subordinated Debt shall for any reason be revoked or invalidated or otherwise cease to be in full force and effect, any Person shall be in breach thereof or contest in any manner the validity or enforceability thereof or deny that it has any
further liability or obligation thereunder, or the Obligations shall for any reason be subordinated or shall not have the priority contemplated by this Agreement; or 

  
 24. 

	 	8.11	Governmental Approvals. 

 Any Governmental Approval material to Borrower’s business
shall have been (a) revoked, rescinded, suspended, modified in an adverse manner or not renewed in the ordinary course for a full term or (b) subject to any decision by a Governmental Authority that designates a hearing with respect to any
applications for renewal of any of such Governmental Approval or that could result in the Governmental Authority taking any of the actions described in clause (a) above, and such decision or such revocation, rescission, suspension, modification
or non-renewal (i) has, or could reasonably be expected to have, a Material Adverse Change, or (ii) adversely affects the legal qualifications of Borrower or any of its Subsidiaries to hold such Governmental Approval in any applicable
jurisdiction and such revocation, rescission, suspension, modification or non-renewal could reasonably be expected to affect the status of or legal qualifications of Borrower or any of its Subsidiaries to hold any Governmental Approval in any other
jurisdiction. 
  

	 	9	BANK’S RIGHTS AND REMEDIES 

  

	 	9.1	Rights and Remedies. 

 While an Event of Default occurs and continues Bank may, without
notice or demand, do any or all of the following: 
 (a) declare all Obligations immediately due and payable (but if an Event of Default
described in Section 8.6 occurs all Obligations are immediately due and payable without any action by Bank); 
 (b) stop advancing money
or extending credit for Borrower’s benefit under this Agreement or under any other agreement between Borrower and Bank; 
 (c) demand
that Borrower (i) deposit cash with Bank in an amount equal to one hundred five percent (105%) of the Dollar Equivalent of the aggregate face amount of all Letters of Credit remaining undrawn (plus all interest, fees, and costs due or to
become due in connection therewith (as estimated by Bank in its good faith business judgment)), to secure all of the Obligations relating to such Letters of Credit, as collateral security for the repayment of any future drawings under such Letters
of Credit, and Borrower shall forthwith deposit and pay such amounts, and (ii) pay in advance all letter of credit fees scheduled to be paid or payable over the remaining term of any Letters of Credit; 

(d) terminate any FX Forward Contracts; 

(e) settle or adjust disputes and claims directly with Account Debtors for amounts on terms and in any order that Bank considers advisable,
notify any Person owing Borrower money of Bank’s security interest in such funds, and verify the amount of such account; 

  
 25. 

 (f) make any payments and do any acts it considers necessary or reasonable to protect the
Collateral and/or its security interest in the Collateral. Borrower shall assemble the Collateral if Bank requests and make it available as Bank designates. Bank may enter premises where the Collateral is located, take and maintain possession of any
part of the Collateral, and pay, purchase, contest, or compromise any Lien which appears to be prior or superior to its security interest and pay all expenses incurred. Borrower grants Bank a license to enter and occupy any of its premises, without
charge, to exercise any of Bank’s rights or remedies; 
 (g) apply to the Obligations any (i) balances and deposits of Borrower it
holds, or (ii) any amount held by Bank owing to or for the credit or the account of Borrower; 
 (h) ship, reclaim, recover, store,
finish, maintain, repair, prepare for sale, advertise for sale, and sell the Collateral. Bank is hereby granted a non-exclusive, royalty-free license or other right to use, without charge, Borrower’s labels, Patents, Copyrights, mask works,
rights of use of any name, trade secrets, trade names, Trademarks, and advertising matter, or any similar property as it pertains to the Collateral, in completing production of, advertising for sale, and selling any Collateral and, in connection
with Bank’s exercise of its rights under this Section, Borrower’s rights under all licenses and all franchise agreements inure to Bank’s benefit; 

(i) place a “hold” on any account maintained with Bank and/or deliver a notice of exclusive control, any entitlement order, or other
directions or instructions pursuant to any Control Agreement or similar agreements providing control of any Collateral; 
 (j) demand and
receive possession of Borrower’s Books; and 
 (k) exercise all rights and remedies available to Bank under the Loan Documents or at law
or equity, including all remedies provided under the Code (including disposal of the Collateral pursuant to the terms thereof). 
  

	 	9.2	Power of Attorney. 

 Borrower hereby irrevocably appoints Bank as its lawful
attorney-in-fact, exercisable upon the occurrence and during the continuance of an Event of Default, to: (a) endorse Borrower’s name on any checks or other forms of payment or security; (b) sign Borrower’s name on any invoice or
bill of lading for any Account or drafts against Account Debtors; (c) settle and adjust disputes and claims about the Accounts directly with Account Debtors, for amounts and on terms Bank determines reasonable; (d) make, settle, and adjust
all claims under Borrower’s insurance policies; (e) pay, contest or settle any Lien, charge, encumbrance, security interest, and adverse claim in or to the Collateral, or any judgment based thereon, or otherwise take any action to
terminate or discharge the same; and (f) transfer the Collateral into the name of Bank or a third party as the Code permits. Borrower hereby appoints Bank as its lawful attorney-in-fact to sign Borrower’s name on any documents necessary to
perfect or continue the perfection of Bank’s security interest in the Collateral regardless of whether an Event of Default has occurred until all Obligations have been satisfied in full (not including inchoate indemnity obligations and any of
Borrower’s obligations arising from the Warrant) and Bank is under no further obligation to make Credit Extensions hereunder. Bank’s foregoing appointment as Borrower’s attorney in 

  
 26. 

 
fact, and all of Bank’s rights and powers, coupled with an interest, are irrevocable until all Obligations have been fully repaid and performed (not including inchoate indemnity obligations
and any of Borrower’s obligations arising from the Warrant) and Bank’s obligation to provide Credit Extensions terminates. 
  

	 	9.3	Protective Payments. 

 If Borrower fails to obtain the insurance called for by
Section 6.7 or fails to pay any premium thereon or fails to pay any other amount which Borrower is obligated to pay under this Agreement or any other Loan Document, Bank may obtain such insurance or make such payment, and all amounts so paid by
Bank are Bank Expenses and immediately due and payable, bearing interest at the then highest rate applicable to the Obligations, and secured by the Collateral. Bank will make reasonable efforts to provide Borrower with notice of Bank obtaining such
insurance at the time it is obtained or within a reasonable time thereafter. No payments by Bank are deemed an agreement to make similar payments in the future or Bank’s waiver of any Event of Default. 

 

	 	9.4	Application of Payments and Proceeds. 

 Borrower shall have no right to specify the order
or the accounts to which Bank shall allocate or apply any payments required to be made by Borrower to Bank or otherwise received by Bank under this Agreement when any such allocation or application is not specified elsewhere in this Agreement. If an
Event of Default has occurred and is continuing, Bank may apply any funds in its possession, whether from Borrower account balances, payments, proceeds realized as the result of any collection of Accounts or other disposition of the Collateral, or
otherwise, to the Obligations in such order as Bank shall determine in its sole discretion. Any surplus shall be paid to Borrower by credit to the Designated Deposit Account or to other Persons legally entitled thereto; Borrower shall remain liable
to Bank for any deficiency. If Bank, in its good faith business judgment, directly or indirectly enters into a deferred payment or other credit transaction with any purchaser at any sale of Collateral, Bank shall have the option, exercisable at any
time, of either reducing the Obligations by the principal amount of the purchase price or deferring the reduction of the Obligations until the actual receipt by Bank of cash therefor. 

 

	 	9.5	Bank’s Liability for Collateral. 

 So long as Bank complies with reasonable banking
practices regarding the safekeeping of the Collateral in the possession or under the control of Bank, Bank shall not be liable or responsible for: (a) the safekeeping of the Collateral; (b) any loss or damage to the Collateral;
(c) any diminution in the value of the Collateral; or (d) any act or default of any carrier, warehouseman, bailee, or other Person. Borrower bears all risk of loss, damage or destruction of the Collateral other than those losses directly
resulting from Bank’s gross negligence or willful misconduct. 
  

	 	9.6	No Waiver; Remedies Cumulative. 

 Bank’s failure, at any time or times, to require
strict performance by Borrower of any provision of this Agreement or any other Loan Document shall not waive, affect, or diminish any right of Bank thereafter to demand strict performance and compliance herewith or therewith. No

  
 27. 

 
waiver hereunder shall be effective unless signed by the party granting the waiver and then is only effective for the specific instance and purpose for which it is given. Bank’s rights and
remedies under this Agreement and the other Loan Documents are cumulative. Bank has all rights and remedies provided under the Code, by law, or in equity. Bank’s exercise of one right or remedy is not an election and shall not preclude Bank
from exercising any other remedy under this Agreement or other remedy available at law or in equity, and Bank’s waiver of any Event of Default is not a continuing waiver. Bank’s delay in exercising any remedy is not a waiver, election, or
acquiescence. 
  

	 	9.7	Demand Waiver. 

 Borrower waives demand, notice of default or dishonor, notice of payment
and nonpayment, notice of any default, nonpayment at maturity, release, compromise, settlement, extension, or renewal of accounts, documents, instruments, chattel paper, and guarantees held by Bank on which Borrower is liable. 

 

	 	10	NOTICES 

 All notices, consents, requests, approvals, demands, or other
communication by any party to this Agreement or any other Loan Document must be in writing and shall be deemed to have been validly served, given, or delivered: (a) upon the earlier of actual receipt and three (3) Business Days after
deposit in the U.S. mail, first class, registered or certified mail return receipt requested, with proper postage prepaid; (b) upon transmission, when sent by electronic mail or facsimile transmission; (c) one (1) Business Day after
deposit with a reputable overnight courier with all charges prepaid; or (d) when delivered, if hand-delivered by messenger, all of which shall be addressed to the party to be notified and sent to the address, facsimile number, or email address
indicated below. Bank or Borrower may change its mailing or electronic mail address or facsimile number by giving the other party written notice thereof in accordance with the terms of this Section 10. 

 

			
	If to Borrower:		eASIC Corporation
			2585 Augustine Drive, Suite 100
			Santa Clara, California 95054
			Attn: Larry Borras
			Fax: (408) 855-9201
			Email: lborras@easic.com
		
	If to Bank:		Silicon Valley Bank
			2400 Hanover Street
			Palo Alto, California 94304
			Attn: Matthew Wright
			Fax: (650) 320-0016
			Email: mwright@svb.com

  

	 	11	CHOICE OF LAW, VENUE, JURY TRIAL WAIVER AND JUDICIAL REFERENCE 

 California law
governs the Loan Documents without regard to principles of conflicts of law. Borrower and Bank each submit to the exclusive jurisdiction of the State and Federal courts 

  
 28. 

 
in Santa Clara County, California; provided, however, that nothing in this Agreement shall be deemed to operate to preclude Bank from bringing suit or taking other legal action in any other
jurisdiction to realize on the Collateral or any other security for the Obligations, or to enforce a judgment or other court order in favor of Bank. Borrower expressly submits and consents in advance to such jurisdiction in any action or suit
commenced in any such court, and Borrower hereby waives any objection that it may have based upon lack of personal jurisdiction, improper venue, or forum non conveniens and hereby consents to the granting of such legal or equitable relief as is
deemed appropriate by such court. Borrower hereby waives personal service of the summons, complaints, and other process issued in such action or suit and agrees that service of such summons, complaints, and other process may be made by registered or
certified mail addressed to Borrower at the address set forth in, or subsequently provided by Borrower in accordance with, Section 10 of this Agreement and that service so made shall be deemed completed upon the earlier to occur of
Borrower’s actual receipt thereof or three (3) days after deposit in the U.S. mails, proper postage prepaid. 
 TO THE FULLEST
EXTENT PERMITTED BY APPLICABLE LAW, BORROWER AND BANK EACH WAIVE THEIR RIGHT TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION ARISING OUT OF OR BASED UPON THIS AGREEMENT, THE LOAN DOCUMENTS OR ANY CONTEMPLATED TRANSACTION, INCLUDING CONTRACT, TORT,
BREACH OF DUTY AND ALL OTHER CLAIMS. THIS WAIVER IS A MATERIAL INDUCEMENT FOR BOTH PARTIES TO ENTER INTO THIS AGREEMENT. EACH PARTY HAS REVIEWED THIS WAIVER WITH ITS COUNSEL. 

WITHOUT INTENDING IN ANY WAY TO LIMIT THE PARTIES’ AGREEMENT TO WAIVE THEIR RESPECTIVE RIGHT TO A TRIAL BY JURY, if the above waiver of
the right to a trial by jury is not enforceable, the parties hereto agree that any and all disputes or controversies of any nature between them arising at any time shall be decided by a reference to a private judge, mutually selected by the parties
(or, if they cannot agree, by the Presiding Judge of the Santa Clara County, California Superior Court) appointed in accordance with California Code of Civil Procedure Section 638 (or pursuant to comparable provisions of federal law if the
dispute falls within the exclusive jurisdiction of the federal courts), sitting without a jury, in Santa Clara County, California; and the parties hereby submit to the jurisdiction of such court. The reference proceedings shall be conducted pursuant
to and in accordance with the provisions of California Code of Civil Procedure §§ 638 through 645.1, inclusive. The private judge shall have the power, among others, to grant provisional relief, including without limitation, entering
temporary restraining orders, issuing preliminary and permanent injunctions and appointing receivers. All such proceedings shall be closed to the public and confidential and all records relating thereto shall be permanently sealed. If during the
course of any dispute, a party desires to seek provisional relief, but a judge has not been appointed at that point pursuant to the judicial reference procedures, then such party may apply to the Santa Clara County, California Superior Court for
such relief. The proceeding before the private judge shall be conducted in the same manner as it would be before a court under the rules of evidence applicable to judicial proceedings. The parties shall be entitled to discovery which shall be
conducted in the same manner as it would be before a court under the rules of discovery applicable to judicial proceedings. The private judge shall oversee discovery and may enforce all discovery rules and orders applicable to judicial proceedings
in the same manner as a trial court judge. The parties 

  
 29. 

 
agree that the selected or appointed private judge shall have the power to decide all issues in the action or proceeding, whether of fact or of law, and shall report a statement of decision
thereon pursuant to California Code of Civil Procedure § 644(a). Nothing in this paragraph shall limit the right of any party at any time to exercise self-help remedies, foreclose against collateral, or obtain provisional remedies. The private
judge shall also determine all issues relating to the applicability, interpretation, and enforceability of this paragraph. 
  

	 	12	GENERAL PROVISIONS 

  

	 	12.1	Termination Prior to Revolving Line Maturity Date. 

 This Agreement may be terminated
prior to the Revolving Line Maturity Date by Borrower, effective three (3) Business Days after written notice of termination is given to Bank. Notwithstanding any such termination, Bank’s lien and security interest in the Collateral shall
continue until Borrower fully satisfies its Obligations (other than inchoate indemnity obligations and any of Borrower’s obligations arising from the Warrant). 
  

	 	12.2	Successors and Assigns. 

 This Agreement binds and is for the benefit of the successors
and permitted assigns of each party. Borrower may not assign this Agreement or any rights or obligations under it without Bank’s prior written consent (which may be granted or withheld in Bank’s discretion). Bank has the right, without the
consent of or notice to Borrower, to sell, transfer, assign, negotiate, or grant participation in all or any part of, or any interest in, Bank’s obligations, rights, and benefits under this Agreement and the other Loan Documents (other than the
Warrant, as to which assignment, transfer and other such actions are governed by the terms of the Warrant). 
  

	 	12.3	Indemnification. 

 Borrower agrees to indemnify, defend and hold Bank and its directors,
officers, employees, agents, attorneys, or any other Person affiliated with or representing Bank (each, an “Indemnified Person”) harmless against: (a) all obligations, demands, claims, and liabilities (collectively,
“Claims”) claimed or asserted by any other party in connection with the transactions contemplated by the Loan Documents; and (b) all losses or expenses (including Bank Expenses) in any way suffered, incurred, or paid by such
Indemnified Person as a result of, following from, consequential to, or arising from transactions between Bank and Borrower contemplated by the Loan Documents (including reasonable attorneys’ fees and expenses), except for Claims and/or losses
directly caused by such Indemnified Person’s gross negligence or willful misconduct. 
  

	 	12.4	Time of Essence. 

 Time is of the essence for the performance of all Obligations in this
Agreement. 
  

	 	12.5	Severability of Provisions. 

 Each provision of this Agreement is severable from every
other provision in determining the enforceability of any provision. 

  
 30. 

	 	12.6	Correction of Loan Documents. 

 Bank may correct patent errors and fill in any blanks in
the Loan Documents consistent with the agreement of the parties, provided that Bank provides prompt written notice to Borrower of such correction. 
  

	 	12.7	Amendments in Writing; Waiver; Integration. 

 No purported amendment or modification of
any Loan Document, or waiver, discharge or termination of any obligation under any Loan Document, shall be enforceable or admissible unless, and only to the extent, expressly set forth in a writing signed by the party against which enforcement or
admission is sought. Without limiting the generality of the foregoing, no oral promise or statement, nor any action, inaction, delay, failure to require performance or course of conduct shall operate as, or evidence, an amendment, supplement or
waiver or have any other effect on any Loan Document. Any waiver granted shall be limited to the specific circumstance expressly described in it, and shall not apply to any subsequent or other circumstance, whether similar or dissimilar, or give
rise to, or evidence, any obligation or commitment to grant any further waiver. The Loan Documents represent the entire agreement about this subject matter and supersede prior negotiations or agreements. All prior agreements, understandings,
representations, warranties, and negotiations between the parties about the subject matter of the Loan Documents merge into the Loan Documents. 
  

	 	12.8	Counterparts. 

 This Agreement may be executed in any number of counterparts and by
different parties on separate counterparts, each of which, when executed and delivered, is an original, and all taken together, constitute one Agreement. 
  

	 	12.9	Survival. 

 All covenants, representations and warranties made in this Agreement continue
in full force until this Agreement has terminated pursuant to its terms and all Obligations (other than inchoate indemnity obligations and any other obligations which, by their terms, are to survive the termination of this Agreement) have been
satisfied. The obligation of Borrower in Section 12.3 to indemnify Bank shall survive until the statute of limitations with respect to such claim or cause of action shall have run. 

 

	 	12.10	Confidentiality. 

 In handling any confidential information, Bank shall exercise the same
degree of care that it exercises for its own proprietary information, but disclosure of information may be made: (a) to Bank’s Subsidiaries or Affiliates (such Subsidiaries and Affiliates, together with Bank, collectively, “Bank
Entities”); (b) to prospective transferees or purchasers of any interest in the Credit Extensions (provided, however, Bank shall use its best efforts to obtain any prospective transferee’s or purchaser’s agreement to the
terms of this provision); (c) as required by law, regulation, subpoena, or other order; (d) to Bank’s regulators or as otherwise required in connection with Bank’s examination or audit; (e) as Bank considers appropriate in
exercising remedies under the Loan Documents; and (f) to third-party service providers of Bank so long as 

  
 31. 

 
such service providers have executed a confidentiality agreement with Bank with terms no less restrictive than those contained herein. Confidential information does not include information that
is either: (i) in the public domain or in Bank’s possession when disclosed to Bank, or becomes part of the public domain after disclosure to Bank; or (ii) disclosed to Bank by a third party if Bank does not know that the third party
is prohibited from disclosing the information. 
 Bank Entities may use the confidential information for reporting purposes and the
development and distribution of databases and market analyses so long as such confidential information is aggregated and anonymized prior to distribution unless otherwise expressly prohibited by Borrower. The provisions of the immediately preceding
sentence shall survive the termination of this Agreement. 
  

	 	12.11	Attorneys’ Fees, Costs and Expenses. 

 In any action or proceeding between Borrower
and Bank arising out of or relating to the Loan Documents, the prevailing party shall be entitled to recover its reasonable attorneys’ fees and other costs and expenses incurred, in addition to any other relief to which it may be entitled. 

 

	 	12.12	Electronic Execution of Documents. 

 The words “execution,” “signed,”
“signature” and words of like import in any Loan Document shall be deemed to include electronic signatures or the keeping of records in electronic form, each of which shall be of the same legal effect, validity and enforceability as a
manually executed signature or the use of a paper-based recordkeeping systems, as the case may be, to the extent and as provided for in any applicable law, including, without limitation, any state law based on the Uniform Electronic Transactions
Act. 
  

	 	12.13	Captions. 

 The headings used in this Agreement are for convenience only and shall not
affect the interpretation of this Agreement. 
  

	 	12.14	Construction of Agreement. 

 The parties mutually acknowledge that they and their
attorneys have participated in the preparation and negotiation of this Agreement. In cases of uncertainty this Agreement shall be construed without regard to which of the parties caused the uncertainty to exist. 

 

	 	12.15	Relationship. 

 The relationship of the parties to this Agreement is determined solely by
the provisions of this Agreement. The parties do not intend to create any agency, partnership, joint venture, trust, fiduciary or other relationship with duties or incidents different from those of parties to an
arm’s-length contract. 

  
 32. 

	 	12.16	Third Parties. 

 Nothing in this Agreement, whether express or implied, is intended to:
(a) confer any benefits, rights or remedies under or by reason of this Agreement on any persons other than the express parties to it and their respective permitted successors and assigns; (b) relieve or discharge the obligation or
liability of any person not an express party to this Agreement; or (c) give any person not an express party to this Agreement any right of subrogation or action against any party to this Agreement. 

 

	 	13	DEFINITIONS 

  

	 	13.1	Definitions. 

 As used in the Loan Documents, the word “shall” is mandatory,
the word “may” is permissive, the word “or” is not exclusive, the words “includes” and “including” are not limiting, the singular includes the plural, and numbers denoting amounts that are set off in brackets
are negative. As used in this Agreement, the following capitalized terms have the following meanings: 
 “Account” is any
“account” as defined in the Code with such additions to such term as may hereafter be made, and includes, without limitation, all accounts receivable and other sums owing to Borrower. 

“Account Debtor” is any “account debtor” as defined in the Code with such additions to such term as may hereafter
be made. 
 “Advance” or “Advances” means an advance (or advances) under the Revolving Line. 

“Affiliate” is, with respect to any Person, each other Person that owns or controls directly or indirectly the Person, any
Person that controls or is controlled by or is under common control with the Person, and each of that Person’s senior executive officers, directors, partners and, for any Person that is a limited liability company, that Person’s managers
and members. 
 “Agreement” is defined in the preamble hereof. 

“Availability Amount” is (a) the lesser of (i) the Revolving Line or (ii) the amount available under the
Borrowing Base, minus (b) the Dollar Equivalent amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit), minus (c) the FX Reduction Amount, minus (d) any amounts used for Cash Management
Services, and minus (e) the outstanding principal balance of any Advances. 
 “Bank” is defined in the preamble
hereof. 
 “Bank Expenses” are all audit fees and expenses, costs, and expenses (including reasonable attorneys’ fees
and expenses) for preparing, amending, negotiating, administering, defending and enforcing the Loan Documents (including, without limitation, those incurred in connection with appeals or Insolvency Proceedings) or otherwise incurred with respect to
Borrower. 

  
 33. 

 “Bermuda Subsidiary” means eASIC Limited, a wholly-owned Subsidiary of Borrower,
which is formed under the laws of Bermuda. 
 “Borrower” is defined in the preamble hereof 

“Borrower’s Books” are all Borrower’s books and records including ledgers, federal and state tax returns, records
regarding Borrower’s assets or liabilities, the Collateral, business operations or financial condition, and all computer programs or storage or any equipment containing such information. 

“Borrowing Base” is eighty percent (80.0%) of Eligible Accounts, as determined by Bank from Borrower’s most recent
Transaction Report; provided, however, that Bank may decrease the foregoing percentage in its good faith business judgment based on events, conditions, contingencies, or risks which, as determined by Bank, may adversely affect Collateral. 

“Borrowing Resolutions” are, with respect to any Person, those resolutions substantially in the form attached hereto as
Exhibit E. 
 “Business Day” is any day that is not a Saturday, Sunday or a day on which Bank is closed. 

“Cash Equivalents” means (a) marketable direct obligations issued or unconditionally guaranteed by the United States or
any agency or any State thereof having maturities of not more than one (1) year from the date of acquisition; (b) commercial paper maturing no more than one (1) year after its creation and having the highest rating from either
Standard & Poor’s Ratings Group or Moody’s Investors Service, Inc.; and (c) Bank’s certificates of deposit issued maturing no more than one (1) year after issue. 

“Cash Management Services” is defined in Section 2.1.5. 

“Claims” is defined in Section 12.3. 

“Code” is the Uniform Commercial Code, as the same may, from time to time, be enacted and in effect in the State of
California; provided, that, to the extent that the Code is used to define any term herein or in any Loan Document and such term is defined differently in different Articles or Divisions of the Code, the definition of such term contained in Article
or Division 9 shall govern; provided further, that in the event that, by reason of mandatory provisions of law, any or all of the attachment, perfection, or priority of, or remedies with respect to, Bank’s Lien on any Collateral is governed by
the Uniform Commercial Code in effect in a jurisdiction other than the State of California, the term “Code” shall mean the Uniform Commercial Code as enacted and in effect in such other jurisdiction solely for purposes of the
provisions thereof relating to such attachment, perfection, priority, or remedies and for purposes of definitions relating to such provisions. 

“Collateral” is any and all properties, rights and assets of Borrower described on Exhibit A. 

  
 34. 

 “Collateral Account” is any Deposit Account, Securities Account, or Commodity
Account. 
 “Collections” are all funds received by Bank from or on behalf of an Account Debtor for Advances under the
Revolving Line. 
 “Comerica Bank Accounts” is defined in Section 6.8(a). 

“Commitment Fee” is defined in Section 2.4(a). 

“Commodity Account” is any “commodity account” as defined in the Code with such additions to such term as may
hereafter be made. 
 “Compliance Certificate” is that certain certificate in the form attached hereto as Exhibit B.

 “Contingent Obligation” is, for any Person, any direct or indirect liability, contingent or not, of that Person for
(a) any indebtedness, lease, dividend, letter of credit or other obligation of another such as an obligation, in each case, directly or indirectly guaranteed, endorsed, co-made, discounted or sold with recourse by that Person, or for which that
Person is directly or indirectly liable; (b) any obligations for undrawn letters of credit for the account of that Person; and (c) all obligations from any interest rate, currency or commodity swap agreement, interest rate cap or collar
agreement, or other agreement or arrangement designated to protect a Person against fluctuation in interest rates, currency exchange rates or commodity prices; but “Contingent Obligation” does not include endorsements in the ordinary
course of business. The amount of a Contingent Obligation is the stated or determined amount of the primary obligation for which the Contingent Obligation is made or, if not determinable, the maximum reasonably anticipated liability for it
determined by the Person in good faith; but the amount may not exceed the maximum of the obligations under any guarantee or other support arrangement. 

“Control Agreement” is any control agreement entered into among the depository institution at which Borrower maintains a
Deposit Account or the securities intermediary or commodity intermediary at which Borrower maintains a Securities Account or a Commodity Account, Borrower, and Bank pursuant to which Bank obtains control (within the meaning of the Code) over such
Deposit Account, Securities Account, or Commodity Account. 
 “Conversion Date” means, for each Pre-Conversion Date Growth
Capital Advance, the first (1st) day after the end of the Growth Capital Interest Only Period for such Pre-Conversion Date Growth Capital Advance. 

“Copyrights” are any and all copyright rights, copyright applications, copyright registrations and like protections in each
work or authorship and derivative work thereof, whether published or unpublished and whether or not the same also constitutes a trade secret. 

“Credit Extension” is any Growth Capital Advance, Advance, Letter of Credit, FX Forward Contract, amount utilized for Cash
Management Services, or any other extension of credit by Bank for Borrower’s benefit. 

  
 35. 

 “Default Rate” is defined in Section 2.3(b). 

“Deferred Revenue” is all amounts received or invoiced in advance of performance under contracts and not yet recognized as
revenue. 
 “Deposit Account” is any “deposit account” as defined in the Code with such additions to such term as
may hereafter be made. 
 “Designated Deposit Account” IS Borrower’s deposit account, account number
            , maintained with Bank. 
 “Dollars,”
“dollars” or use of the sign “$” means only lawful money of the United States and not any other currency, regardless of whether that currency uses the “$” sign to denote its currency or may be readily
converted into lawful money of the United States. 
 “Dollar Equivalent” is, at any time, (a) with respect to any
amount denominated in Dollars, such amount, and (b) with respect to any amount denominated in a Foreign Currency, the equivalent amount therefor in Dollars as determined by Bank at such time on the basis of the then-prevailing rate of exchange
in San Francisco, California, for sales of the Foreign Currency for transfer to the country issuing such Foreign Currency. 

“Effective Date” is defined in the preamble hereof. 

“Eligible Accounts” means Accounts which arise in the ordinary course of Borrower’s business that meet all
Borrower’s representations and warranties in Section 5.3. Bank reserves the right at any time after the Effective Date to adjust any of the criteria set forth below and to establish new criteria in its good faith business judgment. Unless
Bank otherwise agrees in writing, Eligible Accounts shall not include: 
 (a) Accounts for which the Account Debtor is Borrower’s
Affiliate, officer, employee, or agent; 
 (b) Accounts that the Account Debtor has not paid within ninety (90) days of invoice date
regardless of invoice payment period terms; 
 (c) Accounts with credit balances over ninety (90) days from invoice date; 

(d) Accounts owing from an Account Debtor, in which fifty percent (50%) or more of the Accounts have not been paid within ninety
(90) days of invoice date; 
 (e) Accounts owing from an Account Debtor which does not have its principal place of business in the
United States unless (i) such Accounts are otherwise Eligible Accounts and (ii) Bank approves of in writing; 
 (f) Accounts billed
and/or payable outside of the United States (sometimes called foreign invoiced accounts); 

  
 36. 

 (g) Accounts owing from an Account Debtor to the extent that Borrower is indebted or obligated in
any manner to the Account Debtor (as creditor, lessor, supplier or otherwise—sometimes called “contra” accounts, accounts payable, customer deposits or credit accounts). 

(h) Accounts owing from an Account Debtor which is a United States government entity or any department, agency, or instrumentality thereof
unless Borrower has assigned its payment rights to Bank and the assignment has been acknowledged under the Federal Assignment of Claims Act of 1940, as amended; 

(i) Accounts for demonstration or promotional equipment, or in which goods are consigned, or sold on a “sale guaranteed”, “sale
or return”, “sale on approval”, or other terms if Account Debtor’s payment may be conditional; 
 (j) Accounts owing from
an Account Debtor where goods or services have not yet been rendered to the Account Debtor (sometimes called memo billings or pre-billings); 

(k) Accounts subject to contractual arrangements between Borrower and an Account Debtor where payments shall be scheduled or due according to
completion or fulfillment requirements where the Account Debtor has a right of offset for damages suffered as a result of Borrower’s failure to perform in accordance with the contract (sometimes called contracts accounts receivable, progress
billings, milestone billings, or fulfillment contracts); 
 (l) Accounts owing from an Account Debtor the amount of which may be subject to
withholding based on the Account Debtor’s satisfaction of Borrower’s complete performance (but only to the extent of the amount withheld; sometimes called retainage billings); 

(m) Accounts subject to trust provisions, subrogation rights of a bonding company, or a statutory trust; 

(n) Accounts owing from an Account Debtor that has been invoiced for goods that have not been shipped to the Account Debtor unless Bank,
Borrower, and the Account Debtor have entered into an agreement acceptable to Bank in its sole discretion wherein the Account Debtor acknowledges that (i) it has title to and has ownership of the goods wherever located, (ii) a bona fide
sale of the goods has occurred, and (iii) it owes payment for such goods in accordance with invoices from Borrower (sometimes called “bill and hold” accounts); 

(o) Accounts for which the Account Debtor has not been invoiced; 

(p) Accounts that represent non-trade receivables or that are derived by means other than in the ordinary course of Borrower’s business;

 (q) Accounts for which Borrower has permitted Account Debtor’s payment to extend beyond ninety (90) days; 

(r) Accounts arising from chargebacks, debit memos or others payment deductions taken by an Account Debtor; 

  
 37. 

 (s) Accounts arising from product returns and/or exchanges (sometimes called “warranty”
or “RMA” accounts); 
 (t) Accounts in which the Account Debtor disputes liability or makes any claim (but only up to the disputed
or claimed amount), or if the Account Debtor is subject to an Insolvency Proceeding, or becomes insolvent, or goes out of business; 
 (u)
Accounts owing from an Account Debtor with respect to which Borrower has received Deferred Revenue (but only to the extent of such Deferred Revenue); 

(v) Accounts owing from an Account Debtor, whose total obligations to Borrower exceed thirty percent (30.0%) of all Accounts, for the
amounts that exceed that percentage, unless Bank approves in writing; and 
 (w) Accounts for which Bank in its good faith business judgment
determines collection to be doubtful, including, without limitation, accounts represented by “refreshed” or “recycled” invoices. 

“Eligible Purchase Orders” are Purchase Orders made by Borrower in the ordinary course of Borrower’s business that meet
all Borrower’s representations and warranties, and are otherwise acceptable to Bank in all respects. The determination of which Purchase Orders are eligible hereunder is a matter of Bank’s discretion in each instance. 

“Equipment” is all “equipment” as defined in the Code with such additions to such term as may hereafter be made,
and includes without limitation all machinery, fixtures, goods, vehicles (including motor vehicles and trailers), and any interest in any of the foregoing. 

“ERISA” is the Employee Retirement Income Security Act of 1974, and its regulations. 

“Event of Default” is defined in Section 8. 

“Exchange Act” is the Securities Exchange Act of 1934, as amended. 

“Final Payment” is a payment (in addition to and not a substitution for the regular monthly payments of principal and accrued
interest) due on the date set forth in Sections 2.l.l(c), 2.1.1(d) and 2.1.l(e), equal to two percent (2.00%) of the aggregate amount of the Growth Capital Advances made under this Agreement. 

“Foreign Currency” means lawful money of a country other than the United States. 

“Foreign Deposit Account” and “Foreign Deposit Accounts” are defined in Section 6.8(a). 

“Funding Date” is any date on which a Credit Extension is made to or for the account of Borrower which shall be a Business
Day. 
 “FX Business Day” is any day when (a) Bank’s Foreign Exchange Department is conducting its normal
business and (b) the Foreign Currency being purchased or sold by Borrower is available to Bank from the entity from which Bank shall buy or sell such Foreign Currency. 

  
 38. 

 “FX Forward Contract” is defined in Section 2.1.4. 

“FX Reduction Amount” is defined in Section 2.1.4. 

“FX Reserve” is defined in Section 2.1.4. 

“GAAP” is generally accepted accounting principles set forth in the opinions and pronouncements of the Accounting Principles
Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such other Person as may be approved by a significant segment of the
accounting profession, which are applicable to the circumstances as of the date of determination. 
 “General Intangibles”
is all “general intangibles” as defined in the Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation, all Intellectual Property, claims, income and other tax refunds,
security and other deposits, payment intangibles, contract rights, options to purchase or sell real or personal property, rights in all litigation presently or hereafter pending (whether in contract, tort or otherwise), insurance policies (including
without limitation key man, property damage, and business interruption insurance), payments of insurance and rights to payment of any kind. 

“Good Faith Deposit” is defined in Section 2.4(a). 

“Governmental Approval” is any consent, authorization, approval, order, license, franchise, permit, certificate,
accreditation, registration, filing or notice, of, issued by, from or to, or other act by or in respect of, any Governmental Authority. 

“Governmental Authority” is any nation or government, any state or other political subdivision thereof, any agency,
authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative functions of or pertaining to government, any securities exchange and any
self-regulatory organization. 
 “Growth Capital Advance” and “Growth Capital Advances” are defined in
Section 2.1.1(a). 
 “Growth Capital Interest Only Extension Requirements” means, as of any date of determination,
Bank’s receipt and approval of evidence satisfactory to Bank that (i) Borrower has generated positive Net Income of not less than One Hundred Thousand Dollars ($100,000) for the fiscal quarter immediately preceding such date, measured as
of the last day of such fiscal quarter and (ii) Borrower has maintained not less than Eight Million Dollars ($8,000,000) in cash (inclusive of any proceeds from the Credit Extensions) at Bank or Bank’s Affiliates during the fiscal quarter
immediately preceding such date and as of the date of determination. 

  
 39. 

 “Growth Capital Interest Only Period” is the Effective Date through
December 31, 2011; provided however, that such Growth Capital Interest Only Period may be extended as follows: (a) provided that Borrower delivers evidence satisfactory to Bank on or before January 15, 2012, showing that, in
Bank’s discretion, Borrower satisfies the Growth Capital Interest Only Extension Requirements as of December 31, 2011, the Growth Capital Interest Only Period shall be extended through March 31, 2012, and (b) further provided
that Borrower delivers evidence satisfactory to Bank on or before April 15, 2012, showing that, in Bank’s discretion, Borrower satisfies the Growth Capital Interest Only Extension Requirements as of March 31, 2012, the Growth Capital
Interest Only Period shall be further extended through June 30, 2012. 
 “Growth Capital Line” is Growth Capital
Advances in an aggregate amount not to exceed Five Million Dollars ($5,000,000) outstanding at any time. 
 “Growth Capital Maturity
Date” is the last day of the Growth Capital Repayment Period of the applicable Growth Capital Advance, but no later than June 30, 2014. 

“Growth Capital Repayment Period” as to (i) each Pre-Conversion Date Growth Capital Advance, is a period of time equal
to the number of consecutive complete calendar months from the month on which the Conversion Date occurs and continuing through the Growth Capital Maturity Date, and (ii) each Post-Conversion Date Growth Capital Advance, is a period of time
equal to the number of consecutive complete calendar months from the month on which the Funding Date of such Post-Conversion Date Growth Capital Advance occurs (or commencing on the Funding Date if the Funding Date is the last calendar day of the
month) and continuing through the Growth Capital Maturity Date. 
 “Indebtedness” is (a) indebtedness for borrowed
money or the deferred price of property or services, such as reimbursement and other obligations for surety bonds and letters of credit, (b) obligations evidenced by notes, bonds, debentures or similar instruments, (c) capital lease
obligations, and (d) Contingent Obligations. 
 “Indemnified Person” is defined in Section 12.3. 

“Initial Audit” is Bank’s initial inspection of the Collateral and Borrower’s Books with results satisfactory to
Bank in its sole and absolute discretion. 
 “Insolvency Proceeding” is any proceeding by or against any Person under the
United States Bankruptcy Code, or any other bankruptcy or insolvency law, including assignments for the benefit of creditors, compositions, extensions generally with its creditors, or proceedings seeking reorganization, arrangement, or other relief.

 “Intellectual Property” means all of Borrower’s right, title, and interest in and to the following: 

(a) its Copyrights, Trademarks and Patents; 

(b) any and all trade secrets and trade secret rights, including, without limitation, any rights to unpatented inventions, know-how, operating
manuals; 

  
 40. 

 (c) any and all source code; 

(d) any and all design rights which may be available to a Borrower; 

(e) any and all claims for damages by way of past, present and future infringement of any of the foregoing, with the right, but not the
obligation, to sue for and collect such damages for said use or infringement of the Intellectual Property rights identified above; and 
 (f)
all amendments, renewals and extensions of any of the Copyrights, Trademarks or Patents. 
 “Inventory” is all
“inventory” as defined in the Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation all merchandise, raw materials, parts, supplies, packing and shipping materials,
work in process and finished products, including without limitation such inventory as is temporarily out of Borrower’s custody or possession or in transit and including any returned goods and any documents of title representing any of the
above. 
 “Investment” is any beneficial ownership interest in any Person (including stock, partnership interest or other
securities), and any loan, advance or capital contribution to any Person. 
 “Letter of Credit” means a standby letter of
credit issued by Bank or another institution based upon an application, guarantee, indemnity or similar agreement on the part of Bank as set forth in Section 2.1.3. 

“Letter of Credit Application” is defined in Section 2.1.3(b). 

“Lien” is a claim, mortgage, deed of trust, levy, charge, pledge, security interest or other encumbrance of any kind, whether
voluntarily incurred or arising by operation of law or otherwise against any property. 
 “Loan Documents” are,
collectively, this Agreement, the Warrant, the Perfection Certificate, the Stock Pledge Agreement, any note, or notes or guaranties executed by Borrower, and any other present or future agreement between Borrower and/or for the benefit of Bank in
connection with this Agreement, all as amended, restated, or otherwise modified. 
 “Malaysia Subsidiary” means eASIC
(M) Sdn Bhd, a wholly-owned Subsidiary of Borrower, which is formed under the laws of Malaysia. 
 “Material Adverse
Change” is (a) a material impairment in the perfection or priority of Bank’s Lien in the Collateral or in the value of such Collateral; (b) a material adverse change in the business, operations, or condition (financial or
otherwise) of Borrower; or (c) a material impairment of the prospect of repayment of any portion of the Obligations. 

“Monthly Financial Statements” is defined in Section 6.2(c). 

  
 41. 

 “Net Income” means, as calculated on a consolidated basis for Borrower and its
Subsidiaries for any period as at any date of determination, the net profit (or loss), after provision for taxes, of Borrower and its Subsidiaries for such period taken as a single accounting period. 

“Obligations” are Borrower’s obligations to pay when due any debts, principal, interest, Bank Expenses and other amounts
Borrower owes Bank now or later, whether under this Agreement, the Loan Documents (other than the Warrant), or otherwise, including, without limitation, all obligations relating to letters of credit (including reimbursement obligations for drawn and
undrawn letters of credit), cash management services, and foreign exchange contracts, if any, and including interest accruing after Insolvency Proceedings begin and debts, liabilities, or obligations of Borrower assigned to Bank, and to perform
Borrower’s duties under the Loan Documents. 
 “Operating Documents” are, for any Person, such Person’s formation
documents, as certified with the Secretary of State of such Person’s state of formation on a date that is no earlier than thirty (30) days prior to the Effective Date, and, (a) if such Person is a corporation, its bylaws in current
form, (b) if such Person is a limited liability company, its limited liability company agreement (or similar agreement), and (c) if such Person is a partnership, its partnership agreement (or similar agreement), each of the foregoing with
all current amendments or modifications thereto. 
 “Overadvance” is defined in Section 2.2. 

“Patents” means all patents, patent applications and like protections including without limitation improvements, divisions,
continuations, renewals, reissues, extensions and continuations-in-part of the same. 
 “Payment” means all checks, wire
transfers and other items of payment received by Bank (including proceeds of Accounts and payment of the Obligations in full) for credit to Borrower’s outstanding Credit Extensions or, if the balance of the Credit Extensions has been reduced to
zero, for credit to its deposit accounts. 
 “Payment/Advance Form” is that certain form attached hereto as Exhibit
D. 
 “Perfection Certificate” is defined in Section 5.1. 

“Permitted Indebtedness” is: 

(a) Borrower’s Indebtedness to Bank under this Agreement and the other Loan Documents; 

(b) Indebtedness existing on the Effective Date and shown on the Perfection Certificate; 

(c) Subordinated Debt; 
 (d)
unsecured Indebtedness to trade creditors incurred in the ordinary course of business; 

  
 42. 

 (e) Indebtedness incurred as a result of endorsing negotiable instruments received in the
ordinary course of business; 
 (f) Indebtedness secured by Liens permitted under clauses (a) and (c) of the definition of
“Permitted Liens” hereunder; and 
 (g) extensions, refinancings, modifications, amendments and restatements of any items of
Permitted Indebtedness (a) through (f) above, provided that the principal amount thereof is not increased or the terms thereof are not modified to impose more burdensome terms upon Borrower or its Subsidiary, as the case may be. 

“Permitted Investments” are: 

(a) Investments (including, without limitation, Subsidiaries) existing on the Effective Date and shown on the Perfection Certificate; 

(b) Investments consisting of Cash Equivalents; 

(c) Investments consisting of the endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary
course of Borrower; 
 (d) Investments consisting of deposit accounts in which Bank has a perfected security interest; 

(e) Investments accepted in connection with Transfers permitted by Section 7.1; 

(f) Investments (i) by Borrower in Subsidiaries not to exceed Five Hundred Thousand Dollars ($500,000) in the aggregate in any fiscal year
and (ii) by Subsidiaries in other Subsidiaries not to exceed Two Hundred Fifty Thousand Dollars ($250,000) in the aggregate in any fiscal year or in Borrower; 

(g) Investments consisting of (i) travel advances and employee relocation loans and other employee loans and advances in the ordinary
course of business, and (ii) loans to employees, officers or directors relating to the purchase of equity securities of Borrower or its Subsidiaries pursuant to employee stock purchase plans or agreements approved by Borrower’s Board of
Directors; 
 (h) Investments (including debt obligations) received in connection with the bankruptcy or reorganization of customers or
suppliers and in settlement of delinquent obligations of, and other disputes with, customers or suppliers arising in the ordinary course of business; 

(i) Investments consisting of notes receivable of, or prepaid royalties and other credit extensions, to customers and suppliers who are not
Affiliates, in the ordinary course of business; provided that this paragraph (i) shall not apply to Investments of Borrower in any Subsidiary; and 

  
 43. 

 (j) Investments in joint ventures, strategic alliances, licensing and similar arrangements
customary in Borrower’s industry in an aggregate amount not to exceed Three Hundred Fifty Thousand Dollars ($350,000), and which do not require Borrower to assume or otherwise become liable for the obligations of any third party not directly
related to or arising out of such arrangement or, without prior written consent of the Bank, require Borrower to transfer ownership of non-cash assets to such joint venture or other entity. 

“Permitted Liens” are: 

(a) Liens existing on the Effective Date and shown on the Perfection Certificate or arising under this Agreement and the other Loan Documents;

 (b) Liens for taxes, fees, assessments or other government charges or levies, either (i) not due and payable or (ii) being
contested in good faith and for which Borrower maintains adequate reserves on its Books, provided that no notice of any such Lien has been filed or recorded under the Internal Revenue Code of 1986, as amended, and the Treasury Regulations
adopted thereunder; 
 (c) purchase money Liens (i) on Equipment acquired or held by Borrower incurred for financing the acquisition of
the Equipment securing no more than One Hundred Thousand Dollars ($100,000) in the aggregate amount outstanding, or (ii) existing on Equipment when acquired, if the Lien is confined to the property and improvements and the proceeds of the
Equipment; 
 (d) Liens of carriers, warehousemen, suppliers, or other Persons that are possessory in nature arising in the ordinary course
of business so long as such Liens attach only to Inventory, securing liabilities in the aggregate amount not to exceed One Hundred Thousand Dollars ($100,000) and which are not delinquent or remain payable without penalty or which are being
contested in good faith and by appropriate proceedings which proceedings have the effect of preventing the forfeiture or sale of the property subject thereto; 

(e) Liens to secure payment of workers’ compensation, employment insurance, old-age pensions, social security and other like obligations
incurred in the ordinary course of business (other than Liens imposed by ERISA); 
 (f) Liens incurred in the extension, renewal or
refinancing of the indebtedness secured by Liens described in (a) through (c), but any extension, renewal or replacement Lien must be limited to the property encumbered by the existing Lien and the principal amount of the indebtedness
may not increase; 
 (g) leases or subleases of real property granted in the ordinary course of Borrower’s business (or, if referring to
another Person, in the ordinary course of such Person’s business), and leases, subleases, non-exclusive licenses or sublicenses of personal property (other than Intellectual Property) granted in the ordinary course of Borrower’s business
(or, if referring to another Person, in the ordinary course of such Person’s business), if the leases, subleases, licenses and sublicenses do not prohibit granting Bank a security interest therein; 

  
 44. 

 (h) non-exclusive license of Intellectual Property granted to third parties in the ordinary
course of business; 
 (i) Liens arising from attachments or judgments, orders, or decrees in circumstances not constituting an Event of
Default under Sections 8.5 and 8.8; and 
 (j) Liens in favor of other financial institutions arising in connection with Borrower’s
deposit and/or securities accounts held at such institutions, provided that Bank has a perfected security interest in the amounts held in such deposit and/or securities accounts. 

“Person” is any individual, sole proprietorship, partnership, limited liability company, joint venture, company, trust,
unincorporated organization, association, corporation, institution, public benefit corporation, firm, joint stock company, estate, entity or government agency. 

“Post-Conversion Date Growth Capital Advance” and “Post-Conversion Date Growth Capital Advances” are defined
in Section 2.1.1(b)(ii). 
 “Pre-Conversion Date Growth Capital Advance” and “Pre-Conversion Date Growth Capital
Advances” are defined in Section 2.1.1(b)(i). 
 “Prime Rate” is Bank’s most recently announced “prime
rate,” even if it is not Bank’s lowest rate. 
 “Purchase Order” shall mean either (i) a signed purchase
order made by Borrower in connection with Borrower’s wafer inventory purchases from a third-party or (ii) a committed customer forecast from Borrower detailing Borrower’s requirements for Borrower’s wafer inventory purchases from
a third-party. 
 “Registered Organization” is any “registered organization” as defined in the Code with such
additions to such term as may hereafter be made 
 “Requirement of Law” is as to any Person, the organizational or
governing documents of such Person, and any law (statutory or common), treaty, rule or regulation or determination of an arbitrator or a court or other Governmental Authority, in each case applicable to or binding upon such Person or any of its
property or to which such Person or any of its property is subject. 
 “Reserves” means, as of any date of determination,
such amounts as Bank may from time to time establish and revise in its good faith business judgment, reducing the amount of Advances and other financial accommodations which would otherwise be available to Borrower (a) to reflect events,
conditions, contingencies or risks which, as determined by Bank in its good faith business judgment, do or may adversely affect (i) the Collateral or any other property which is security for the Obligations or its value (including without
limitation any increase in delinquencies of Accounts), (ii) the assets, business or prospects of Borrower, or (iii) the security interests and other rights of Bank in the Collateral (including the enforceability, perfection and priority
thereof); or (b) to reflect Bank’s good faith belief that any collateral report or financial information furnished by or on behalf of Borrower to Bank is or may have been incomplete, inaccurate or misleading in any material respect; or
(c) in respect of any state of facts which Bank determines in good faith constitutes an Event of Default or may, with notice or passage of time or both, constitute an Event of Default. 

  
 45. 

 “Responsible Officer” is any of the Chief Executive Officer (who is Ronnie
Vasishta, as of the Effective Date), President (who is Ronnie Vasishta, as of the Effective Date), Senior Director of Finance (who is Larry Borras, as of the Effective Date), or Chief Financial Officer of Borrower (if and when such office filled).

 “Restricted License” is any material license or other agreement with respect to which Borrower is the licensee
(a) that prohibits or otherwise restricts Borrower from granting a security interest in Borrower’s interest in such license or agreement or any other property, or (b) for which a default under or termination of could interfere with
the Bank’s right to sell any Collateral. 
 “Revolving Line” is an Advance or Advances in an amount equal to Three
Million Dollars ($3,000,000). 
 “Revolving Line Maturity Date” is September 29, 2012. 

“SEC” shall mean the Securities and Exchange Commission, any successor thereto, and any analogous Governmental Authority.

 “Securities Account” is any “securities account” as defined m the Code with such additions to such term as may
hereafter be made. 
 “Settlement Date” is defined in Section 2.1.4. 

“Stock Pledge Agreement” is that certain Stock Pledge Agreement, dated the Effective Date, from Borrower for the benefit of
Bank. 
 “Streamline Period” shall mean any time that Borrower maintains not less than Five Million Dollars ($5,000,000) in
cash at Bank or Bank’s Affiliates. 
 “Subordinated Debt” is indebtedness incurred by Borrower subordinated to all of
Borrower’s now or hereafter indebtedness to Bank (pursuant to a subordination, intercreditor, or other similar agreement in form and substance satisfactory to Bank entered into between Bank and the other creditor), on terms acceptable to Bank.

 “Subsidiary” is, as to any Person, a corporation, partnership, limited liability company or other entity of which shares
of stock or other ownership interests having ordinary voting power (other than stock or such other ownership interests having such power only by reason of the happening of a contingency) to elect a majority of the board of directors or other
managers of such corporation, partnership or other entity are at the time owned, or the management of which is otherwise controlled, directly or indirectly through one or more intermediaries, or both, by such Person. Unless the context otherwise
requires, each reference to a Subsidiary herein shall be a reference to a Subsidiary of Borrower. 

  
 46. 

 “Trademarks” means any trademark and servicemark rights, whether registered or
not, applications to register and registrations of the same and like protections, and the entire goodwill of the business of Borrower connected with and symbolized by such trademarks. 

“Tranche A” is defined in Section 2.1.1(a). 

“Tranche A Advance” is defined in Section 2.1.1(a). 

“Tranche B” is defined in Section 2.1.1(a). 

“Tranche B Advance” and “Tranche B Advances” are defined in Section 2.1.1(a). 

“Tranche B Advance Milestone” means the date on which Bank receives and approves evidence satisfactory to Bank that
(i) Borrower has received, on or after the Effective Date, at least Fifteen Million Dollars ($15,000,000) in net proceeds from its Series G round of preferred equity financing (and including the issuance of convertible notes to existing
investors), on terms acceptable to Bank in its sole discretion, and (ii) Borrower’s actual total revenue for the fiscal quarter ending May 31, 2010 is greater than or equal to seventy percent (70%) of the forecasted total revenue
for the fiscal quarter ending May 31, 2010 (based on the June 1, 2010 projections plan previously delivered to Bank). 

“Tranche B Draw Period” is the period of time from January 15, 2011 through the earlier to occur of
(a) June 30, 2012 or (b) an Event of Default. 
 “Transaction Report” is that certain report of transactions
and schedule of collections in the form attached hereto as Exhibit C. 
 “Transfer” is defined in Section 7.1.

 “Warrant” is that certain Warrant to Purchase Stock dated as of the Effective Date executed by Borrower in favor of
Bank. 
 [Signature page follows.] 

  
 47. 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the
Effective Date. 
 BORROWER: 
  

			
	EASIC CORPORATION
		
	By:		/s/ Ronnie Vasishta
	Name:		Ronnie Vasishta
	Title:		President & CEO
		
	BANK		
	
	SILICON VALLEY BANK
		
	By:		/s/ Matthew Wright
	Name:		Matthew Wright
	Title:		RM

  
 [Signature Page to
Loan and Security Agreement] 

 EXHIBIT A 

COLLATERAL DESCRIPTION 
 The
Collateral consists of all of Borrower’s right, title and interest in and to the following personal property: 
 All goods, Accounts
(including health-care receivables), Equipment, Inventory, contract rights or rights to payment of money, leases, license agreements, franchise agreements, General Intangibles (except as provided below), commercial tort claims, documents,
instruments (including any promissory notes), chattel paper (whether tangible or electronic), cash, deposit accounts, fixtures, letters of credit rights (whether or not the letter of credit is evidenced by a writing), securities, and all other
investment property, supporting obligations, and financial assets, whether now owned or hereafter acquired, wherever located; and 
 all
Borrower’s Books relating to the foregoing, and any and all claims, rights and interests in any of the above and all substitutions for, additions, attachments, accessories, accessions and improvements to and replacements, products, proceeds and
insurance proceeds of any or all of the foregoing. 
 Notwithstanding the foregoing, the Collateral does not include (a) any
Intellectual Property; provided, however, the Collateral shall include all Accounts and all proceeds of Intellectual Property; or (b) property that constitutes the capital stock of a controlled foreign corporation (as such term is defined in
the Internal Revenue Code of 1986, as amended) in excess of sixty-five percent (65%) of the voting power of all classes of capital stock of such controlled foreign corporation entitled to vote. If a judicial authority (including a U.S.
Bankruptcy Court) would hold that a security interest in the underlying Intellectual Property is necessary to have a security interest in such Accounts and such property that are proceeds of Intellectual Property, then the Collateral shall
automatically, and effective as of the Effective Date, include the Intellectual Property to the extent necessary to permit perfection of Bank’s security interest in such Accounts and such other property of Borrower that are proceeds of the
Intellectual Property. 
 Pursuant to the terms of a certain negative pledge arrangement with Bank, Borrower has agreed not to encumber any
of its Intellectual Property without Bank’s prior written consent. 

  
 Exhibit A – Page 1

 EXHIBIT B 

COMPLIANCE CERTIFICATE 
  

					
	TO: SILICON VALLEY BANK	  	Date:	  	 
	FROM: EASIC CORPORATION	  		  	

 The undersigned authorized officer of eASIC Corporation (“Borrower”) certifies that under the
terms and conditions of the Loan and Security Agreement between Borrower and Bank (the “Agreement”): 
 (1) Borrower is in
complete compliance for the period ending                      with all required covenants except as noted below; (2) there are no Events
of Default; (3) all representations and warranties in the Agreement are true and correct in all material respects on this date except as noted below; provided, however, that such materiality qualifier shall not be applicable to any
representations and warranties that already are qualified or modified by materiality in the text thereof; and provided, further that those representations and warranties expressly referring to a specific date shall be true, accurate and complete in
all material respects as of such date; (4) Borrower, and each of its Subsidiaries, has timely filed all required tax returns and reports, and Borrower has timely paid all foreign, federal, state and local taxes, assessments, deposits and
contributions owed by Borrower except as otherwise permitted pursuant to the terms of Section 5.9 of the Agreement; and (5) no Liens have been levied or claims made against Borrower or any of its Subsidiaries relating to unpaid employee
payroll or benefits of which Borrower has not previously provided written notification to Bank. 
 Attached are the required documents
supporting the certification. The undersigned certifies that these are prepared in accordance with GAAP consistently applied from one period to the next except as explained in an accompanying letter or footnotes. The undersigned acknowledges that no
borrowings may be requested at any time or date of determination that Borrower is not in compliance with any of the terms of the Agreement, and that compliance is determined not just at the date this certificate is delivered. Capitalized terms used
but not otherwise defined herein shall have the meanings given them in the Agreement. 
 Please indicate compliance status by circling Yes/No under
“Complies” column. 
  

					
	 Reporting Covenant
	  	 Required
	  	 Complies

	 Monthly financial statements with Compliance Certificate (“CC”)
	  	 Monthly within 30 days
	  	Yes No
	 Annual financial statement (Company Prepared)
	  	 FYE within 30 days
	  	Yes No
	 Annual financial statement (CPA Audited) + CC
	  	 FYE within 180 days
	  	Yes No
	 Annual Board-Approved financial projections
	  	 Annually within 10 days of approval
	  	Yes No
	 Transaction Reports
	  	 Weekly at all times that any Advances are outstanding
	  	Yes No
	 Statements of Cash Balances at Foreign Deposit Accounts
	  	 Monthly within 30 days
	  	Yes No
	 10-Q, 10-K and 8-K
	  	 Within 5 days after filing with SEC
	  	Yes No
	 Borrowing Base Certificate A/R & A/P Agings
	  	 Monthly within 30 days
	  	Yes No

 The following are the exceptions with respect to the certification above: (If no exceptions exist, state
“No exceptions to note.”) 
  

	
	 
	 
	 

 [Signatures Appear on the Following Page] 

  
 Exhibit B – Page 1

 EASIC CORPORATION 
  

			
	By:	  	 

			
	Name:	  	 

			
	Title:	  	 

 

 BANK USE ONLY 
  

			
	Received by:	  	 
		  	AUTHORIZED SIGNER

			
	Date:	  	 

			
		
	Verified:	  	 
		  	AUTHORIZED SIGNER

			
	Date:	  	 

					
			
	Compliance Status:	  	Yes	  	No

 
 

  
 Exhibit B – Page 2

 EXHIBIT D 

LOAN PAYMENT/ADVANCE REQUEST FORM 

DEADLINE FOR SAME DAY PROCESSING IS
NOON PACIFIC TIME 
  

							
	Fax To:	  		  	Date:	  	 

 

 Loan Payment: 
  

			
	From Account#	 	 
		 	(Deposit Account #)

			
	Principal $	 	 

			
		
	Authorized Signature:	 	 

			
	Print Name/Title:	 	 

 

 EASIC CORPORATION 
  

			
	To Account#	 	 
		 	(Loan Account#)

			
	and/or Interest$	 	 

			
	Phone Number:	 	 

 
 

  
 GROWTH
CAPITAL ADVANCE: 
 Complete Outgoing Wire Request section below if all or a portion of the funds from this growth
capital loan advance are for an outgoing wire. 
  

							
	From Account#	 	 	 	To Account#	 	 
	(Loan Account#)	 		 		 	(Deposit Account #)

  

			
	Amount of Growth Capital Advance$	 	 

 All Borrower’s representations and warranties in the Loan and Security Agreement are true, correct and complete in all
material respects on the date of the request for a growth capital advance; provided, however, that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the
text thereof; and provided, further that those representations and warranties expressly referring to a specific date shall be true, accurate and complete in all material respects as of such date: 

 

							
	Authorized Signature:	 	 	  	Phone Number:	 	 

							
	Print Name/Title:	 	 	 		 	

 OUTGOING WIRE REQUEST: 

Complete only if all or a portion of funds from the growth capital loan advance above is to be wired. 

Deadline for same day processing is noon, Pacific Time 
  

							
	Beneficiary Name:	  	 	  	Amount of Wire:$	  	 
	Beneficiary Bank:	  	 	  	Account Number:	  	 
	City and State:	  	 	  		  	

  

							
	Beneficiary Bank Transit (ABA)#:	 	 	  	Beneficiary Bank Code (Swift, Sort, Chip, etc.):	 	 
	(For International Wire Only)	 		  		 	

  

							
	Intermediary Bank:	  	 	  	Transit (ABA)#:	 	 

							
	For Further Credit to:	  	 

  

			
	Special Instruction:	  	 

 
 By signing below, I (we) acknowledge and agree
that my (our) funds transfer request shall be processed in accordance with and subject to the terms and conditions set forth in the agreements(s) covering funds transfer service(s), which agreements{s) were previously received and executed by me
(us). 

 

			
	Authorized Signature:	 	 

			
	Print Name/Title:	 	 

			
	Telephone#:	 	 

 

			
	2nd Signature (if required):	 	 

			
	Print Name/Title:	 	 

			
	Telephone#:	 	 

 
 

  
 Exhibit D – Page 1

 EXHIBIT E 

BORROWING RESOLUTIONS 
  

  
 Exhibit E – Page 1

 Silicon Valley Bank 

CORPORATE BORROWING CERTIFICATE 
  

					
	BORROWER:	  	EASIC CORPORATION	  	DATE: September 22, 2010
	BANK:	  	SILICON VALLEY BANK	  	

 I hereby certify as follows, as of the date set forth above: 

 

	1.	I am the Secretary, Assistant Secretary or other officer of the Borrower. My title is as set forth below. 

  

	2.	Borrower’s exact legal name is set forth above. Borrower is a corporation existing under the laws of the State of Delaware. 

  

	3.	Attached hereto are true, correct and complete copies of Borrower’s Articles/Certificate of Incorporation (including amendments), as filed with the Secretary of State of the state in which Borrower is incorporated
as set forth in paragraph 2 above. Such Articles/Certificate of Incorporation have not been amended, annulled, rescinded, revoked or supplemented, and remain in full force and effect as of the date hereof. 

 

	4.	The following resolutions were duly and validly adopted by Borrower’s Board of Directors at a duly held meeting of such directors (or pursuant to a unanimous written consent or other authorized corporate action).
Such resolutions are in full force and effect as of the date hereof and have not been in any way modified, repealed, rescinded, amended or revoked, and Bank may rely on them until Bank receives written notice of revocation from Borrower.

 RESOLVED, that any one of the following officers or employees of Borrower, whose
names, titles and signatures are below, may act on behalf of Borrower: 
  

							
	 Name
	 	 Title
	 	 Signature
	 	 Authorized to 
Add or Remove
Signatories

				
	Ronnie Vasishta	 	President/CEO	 	/s/ Ronnie Vasishta	 	x
				
		 		 		 	 ̈
				
		 		 		 	 ̈
				
		 		 		 	 ̈

 RESOLVED FURTHER, that any one of the persons designated
above with a checked box beside his or her name may, from time to time, add or remove any individuals to and from the above list of persons authorized to act on behalf of Borrower. 

  
 2. 

 RESOLVED FURTHER, that such individuals may,
on behalf of Borrower: 
 Borrow Money. Borrow money from Silicon Valley Bank (“Bank”). 

Execute Loan Documents. Execute any loan documents Bank requires. 

Grant Security. Grant Bank a security interest in any of Borrower’s assets. 

Negotiate Items. Negotiate or discount all drafts, trade acceptances, promissory notes, or other indebtedness in which Borrower has an
interest and receive cash or otherwise use the proceeds. 
 Letters of Credit. Apply for letters of credit from Bank 

Foreign Exchange Contracts. Execute spot or forward foreign exchange contracts. 

Issue Warrants. Issue warrants for Borrower’s capital stock. 

Further Acts. Designate other individuals to request advances, pay fees and costs and execute other documents or agreements (including
documents or agreement that waive Borrowers right to a jury trial) they believe to be necessary to effectuate such resolutions. 

RESOLVED FURTHER, that all acts authorized by the above resolutions and any prior acts
relating thereto are ratified. 
  

	5.	The persons listed above are Borrower’s officers or employees with their titles and signatures shown next to their names. 

 

			
	By:		/s/ Larry Borras

 
			
	Name:		Larry Borras

 
			
	Title:		Secretary

 *** If the Secretary, Assistant Secretary or other certifying officer executing above is designated
by the resolutions set forth in paragraph 4 as one of the authorized signing officers, this Certificate must also be signed by a second authorized officer or director of Borrower. 

I, the
                                         
                    of Borrower, hereby certify as to paragraphs 1 through 5 above, as of the date set forth above. 

 

			
	By:		 

 
			
	Name:		 

 
			
	Title:		 

  
 3. 

 FIRST AMENDMENT TO  

LOAN AND SECURITY AGREEMENT 

THIS FIRST AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Amendment”) is entered into this 20th day of January, 2011, by and between SILICON VALLEY BANK (“Bank’) and EASIC CORPORATION, a Delaware corporation (“Borrower”) whose address is 2585
Augustine Drive, Suite 100, Santa Clara, California 95054. 
 RECITAL 

A. Bank and Borrower have entered into that certain Loan and Security Agreement dated as of September 29, 2010 (as the same may
from time to time be amended, modified, supplemented or restated, the “Loan Agreement”). 
 B. Bank has extended
credit to Borrower for the purposes permitted in the Loan Agreement. 
 C. Borrower has requested that Bank amend the Loan Agreement
to (i) modify the definition of “Tranche B Advance Milestone”, and (ii) make certain other revisions to the Loan Agreement as more fully set forth herein. 

D. Bank has agreed to so amend certain provisions of the Loan Agreement, but only to the extent, in accordance with the terms, subject
to the conditions and in reliance upon the representations and warranties set forth below. 
 AGREEMENT 

NOW, THEREFORE, in consideration of the foregoing recitals and other good and valuable consideration, the receipt and adequacy of which is
hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows: 
 1. Definitions. Capitalized terms
used but not defined in this Amendment shall have the meanings given to them in the Loan Agreement. 
 2. Amendments to Loan
Agreement. 
 2.1 Section 13 (Definitions). 

(a) The following term and definition set forth in Section 13.1 of the Loan Agreement is amended in its entirety and replaced with the
following: 
 “Tranche B Advance Milestone” means the date on which Bank receives and approves evidence
satisfactory to Bank that (i) Borrower has received, on or after the Effective Date, at least Fifteen Million Dollars ($15,000,000) in net proceeds from its Series G round of preferred equity Financing (and including the issuance of convertible
notes to existing investors), on terms acceptable to Bank in its sole discretion, and (ii) Borrower’s actual total revenue for the Testing Fiscal Quarter is greater than or equal to seventy percent (70%) of the forecasted total
revenue for the Testing Fiscal Quarter (based on the August 6, 2010 projections plan previously delivered to Bank), 

  
 1. 

 (b) The following term and its definition is hereby added, in proper alphabetical order, to
Section 13.l of the Loan Agreement: 
 “Testing Fiscal Quarter” means the Borrower’s most recent fiscal quarter
immediately prior to Borrower’s request for a Tranche B Advance. 
 3. Limitation of Amendments. 

3.1 The amendments set forth in Section 2, above, are effective for the purposes set forth herein and shall be limited precisely
as written and shall not be deemed to (a) be a consent to any amendment, waiver or modification of any other term or condition of any Loan Document, or (b) otherwise prejudice any right or remedy which Bank may now have or may have in the
future under or in connection with any Loan Document. 
 3.2 This Amendment shall be construed in connection with and as part of the
Loan Documents and all terms, conditions, representations, warranties, covenants and agreements set forth in the Loan Documents, except as herein amended, are hereby ratified and confirmed and shall remain in full force and effect. 

4. Representations and Warranties. To induce Bank to enter into this Amendment, Borrower hereby represents and warrants to Bank as
follows: 
 4.1 Immediately after giving effect to this Amendment (a) the representations and warranties contained in the
Loan Documents are true, accurate and complete in all material respects as of the date hereof (except to the extent such representations and warranties relate to an earlier date, in which case they are true and correct as of such date), and
(b) no Event of Default has occurred and is continuing; 
 4.2 Borrower has the power and authority to execute and deliver this
Amendment and to perform its obligations under the Loan Agreement, as amended by this Amendment; 
 4.3 The organizational documents
of Borrower delivered to Bank on the Effective Date remain true, accurate and complete and have not been amended, supplemented or restated and are and continue to be in full force and effect; 

4.4 The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan
Agreement, as amended by this Amendment have been duly authorized; 
 4.5 The execution and delivery by Borrower of this Amendment
and the performance by Borrower of its obligations under the Loan Agreement, as amended by this Amendment, do not and will not contravene (a) any law or regulation binding on or affecting Borrower, (b) any contractual restriction with a
Person binding on Borrower, (c) any order, 

  
 2. 

 
judgment or decree of any court or other governmental or public body or authority, or subdivision thereof, binding on Borrower, or (d) the organizational documents of Borrower; 

4.6 The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan
Agreement, as amended by this Amendment do not require any order, consent, approval, license, authorization or validation of; or filing, recording or registration with, or exemption by any governmental or public body or authority, or subdivision
thereof binding on Borrower, except as already has been obtained or made; and 
 4.7 This Amendment has been duly executed and
delivered by Borrower and is the binding obligation of Borrower, enforceable against Borrower in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, liquidation, moratorium or other
similar laws of general application and equitable principles relating to or affecting creditors’ rights. 
 5. Counterparts.
This Amendment may be executed in any number of counterparts and all of such counterparts taken together shall be deemed to constitute one and the same instrument. 

6. Effectiveness. This Amendment shall be deemed effective upon the due execution and delivery to Bank of this Amendment by each party
hereto. 
 [Signature page follows.] 

  
 3. 

 IN WITNESS WHEREOF, the
parties hereto have caused this Amendment to be duly executed and delivered as of the date first written above. 
  

			
	BANK
	
	 SILICON VALLEY BANK

		
	By:		 /s/ Matthew Wright

	Name:		 Matthew Wright

	Title:		 RM

	
	BORROWER
	
	 EASIC CORPORATION

		
	By:		 /s/ Ronnie Vasishta

	Name:		 Ronnie Vasishta

	Title:		 President/CEO

  
 [Signature Page to
First Amendment to Loan and Security Agreement] 

 SECOND AMENDMENT TO 

LOAN AND SECURITY AGREEMENT 

THIS SECOND AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Amendment”) is entered into this 28th day of September, 2012, by and between SILICON VALLEY BANK (“Bank”) and EASIC CORPORATION, a Delaware corporation (“Borrower”) whose address is 2585
Augustine Drive, Suite 100, Santa Clara, California 95054. 
 RECITALS 

A. Bank and Borrower have entered into that certain Loan and Security Agreement dated as of September 29, 2010, as amended by that
certain First Amendment to Loan and Security Agreement dated as of January 20, 2011 by and between Bank and Borrower (as the same may from time to time be further amended, modified, supplemented or restated, the “Loan
Agreement”). 
 B. Bank has extended credit to Borrower for the purposes permitted in the Loan Agreement 

C. Borrower has requested that Bank amend the Loan Agreement to (i) extend the Revolving Line Maturity Date, and (ii) make
certain other revisions to the Loan Agreement as more fully set forth herein. 
 D. Bank has agreed to so amend certain provisions of
the Loan only to the extent, in accordance with the terms, subject to the conditions and in reliance upon the representations and warranties set forth below. 

AGREEMENT 

NOW, THEREFORE, in consideration of the foregoing recitals and other good and valuable consideration, the receipt and adequacy of which is
hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows: 
 1. Definitions. Capitalized terms
used but not defined in this Amendment shall have the meanings given to them in the Loan Agreement 
 2. Amendments to Loan
Agreement. 
 2.1 Section 13 (Definitions). The following term and definition set forth in Section 13.1 of the Loan
Agreement is amended in its entirety and replaced with the following: 
 “Revolving Line Maturity Date” is
December 28, 2012. 
 3. Limitation of Amendments. 

3.1 The amendments set forth in Section 2, above, are effective for the purposes set forth herein and shall be limited precisely
as written and shall not be deemed to (a) be a consent to any amendment, waiver or modification of any other term or condition of any Loan Document, or (b) otherwise prejudice any right or remedy which Bank may now have or may have in the
future under or in connection with any Loan Document. 

  
 1. 

 3.2 This Amendment shall be construed in connection with and as part of the Loan Documents
and all terms, conditions, representations, warranties, covenants and agreements set forth in the Loan Documents, except as herein amended, are hereby ratified and confirmed and shall remain in full force and effect. 

4. Representations and Warranties. To induce Bank to enter into this Amendment, Borrower hereby represents and warrants to Bank as
follows: 
 4.1 Immediately after giving effect to this Amendment (a) the representations and warranties contained in the
Loan Documents are true, accurate and complete in all material respects as of the date hereof (except to the extent such representations and warranties relate to an earlier date, in which case they are true and correct as of such date), and
(b) no Event of Default has occurred and is continuing; 
 4.2 Borrower has the power and authority to execute and deliver this
Amendment and to perform its obligations under the Loan Agreement, as amended by this Amendment; 
 4.3 The organizational documents
of Borrower delivered to Bank on Effective Date remain true, accurate and complete and have not been amended, supplemented or restated and are and continue to be in full force and effect; 

4.4 The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan
Agreement, as amended by this Amendment, have been duly authorized; 
 4.5 The execution and delivery by Borrower of this Amendment
and the performance by Borrower of its obligations under the Loan Agreement, as amended by this Amendment, do not and will not contravene (a) any law or regulation binding on or affecting Borrower, (b) any contractual restriction with a
Person binding on Borrower, (c) any order, judgment or decree of any court or other governmental or public body or authority, or subdivision thereof binding on Borrower, or (d) the organizational documents of Borrower; 

4.6 The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan
Agreement, as amended by this Amendment, do not require any order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by any governmental or public body or authority, or subdivision
thereof; binding on Borrower, except as already has been obtained or made; and 
 4.7 This Amendment has been duly executed and
delivered by Borrower and is the binding obligation of Borrower, enforceable against Borrower in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, liquidation, moratorium or other
similar laws of general application and equitable principles relating to or affecting creditors’ rights. 

  
 2. 

 5. Counterparts. This Amendment may be executed in any number of counterparts and all of
such counterparts taken together shall be deemed to constitute one and the same instrument. 
 6. Effectiveness. This
Amendment shall be deemed effective upon (a) the due execution and delivery to Bank of this Amendment by each party hereto, (b) Borrower’s payment of a non-refundable amendment fee in the amount of Three Thousand Seven Hundred Fifty
Dollars ($3,750), and (c) payment of Bank’s legal fees and expenses in connection with the negotiation and preparation of this Amendment. 

[Signature page follows.] 

  
 3. 

 IN WITNESS WHEREOF, the
parties hereto have caused this Amendment to be duly executed and delivered as of the date first written above. 
  

			
	BANK
	
	 SILICON VALLEY BANK

		
	By:		 /s/ Matthew Wright

	Name:		 Matthew Wright

	Title:		 RM

	
	BORROWER
	
	 EASIC CORPORATION

		
	By:		 /s/ Ronnie Vasishta

	Name:		 Ronnie Vasishta

	Title:		 CEO

  
 [Signature Page to
Second Amendment to Loan and Security Agreement] 

 THIRD AMENDMENT TO 

LOAN AND SECURITY AGREEMENT 

THIS THIRD AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Amendment”) is entered into this 2nd day of January, 2013, but effective as of December 28th 2012, by and between SILICON VALLEY BANK (“Bank”) and
EASIC CORPORATION, a Delaware corporation (“Borrower”) whose address is 2585 Augustine Drive, Suite 100, Santa Clara, California 95054. 

RECITAL 

A. Bank and Borrower have entered into that certain Loan and Security Agreement dated as of September 29, 2010, as amended by that
certain First Amendment to Loan and Security Agreement dated as of January 20, 2011 by and between Bank and Borrower, and as amended by that certain Second Amendment to Loan and Security Agreement dated as of September 28, 2012 by and
between Bank and Borrower (as the same may from time to time be further amended, modified, supplemented or restated, the “Loan Agreement”). 

B. Bank has extended credit to Borrower for the purposes permitted in the Loan Agreement. 

C. Borrower has requested that Bank amend the Loan Agreement to (i) extend the Revolving Line Maturity Date, and (ii) make
certain other revisions to the Loan Agreement as more fully set forth herein. 
 D. Bank has agreed to so amend certain provisions of
the Loan Agreement, but only to the extent, in accordance with the terms, subject to the conditions and in reliance upon the representations and warranties set forth below. 

AGREEMENT 

NOW, THEREFORE, in consideration of the foregoing recitals and other good and valuable consideration, the receipt and adequacy of which is
hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows: 
 1. Definitions. Capitalized terms
used but not defined in this Amendment shall have the meanings given to them in the Loan Agreement. 
 2. Amendments to Loan
Agreement. 
 2.1 Section 13 (Definitions). The following term and definition set forth in Section 13.1 of the Loan
Agreement is amended in its entirety and replaced with the following: 
 “Revolving Line Maturity Date” is
January 31, 2013. 

  
 1. 

 3. Limitation of Amendments. 

3.1 The amendment set forth in Section 2, above, is effective for the purposes set forth herein and shall be limited precisely as
written and shall not be deemed to (a) be a consent to any amendment, waiver or modification of any other term or condition of any Loan Document, or (b) otherwise prejudice any right or remedy which Bank may now have or may have in the
future under or in connection with any Loan Document. 
 3.2 This Amendment shall be construed in connection with and as part of the
Loan Documents and all terms, conditions, representations, warranties, covenants and agreements set forth in the Loan Documents, except as herein amended, are hereby ratified and confirmed and shall remain in full force and effect. 

4. Representations and Warranties. To induce Bank to enter into this Amendment, Borrower hereby represents and warrants to Bank as
follows: 
 4.1 Immediately after giving effect to this Amendment (a) the representations and warranties contained in the
Loan Documents are true, accurate and complete in all material respects as of the date hereof (except to the extent such representations and warranties relate to an earlier date, in which case they are true and correct as of such date), and
(b) no Event of Default has occurred and is continuing; 
 4.2 Borrower has the power and authority to execute and deliver this
Amendment and to perform its obligations under the Loan Agreement, as amended by this Amendment; 
 4.3 The organizational documents
of Borrower delivered to Bank on the Effective Date remain true, accurate and complete and have not been amended, supplemented or restated and are and continue to be in full force and effect; 

4.4 The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan
Agreement, as amended by this Amendment, have been duly authorized; 
 4.5 The execution and delivery by Borrower of this Amendment
and the performance by Borrower of its obligations under the Loan Agreement, as amended by this Amendment, do not and will not contravene (a) any law or regulation binding on or affecting Borrower, (b) any contractual restriction with a
Person binding on Borrower, (c) any order, judgment or decree of any court or other governmental or public body or authority, or subdivision thereof, binding on Borrower, or (d) the organizational documents of Borrower; 

4.6 The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan
Agreement, as amended by this Amendment, do not require any order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by any governmental or public body or authority, or subdivision
thereof, binding on Borrower, except as already has been obtained or made; and 

  
 2. 

 4.7 This Amendment has been duly executed and delivered by Borrower and is the binding
obligation of Borrower, enforceable against Borrower in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, liquidation, moratorium or other similar laws of general application and
equitable principles relating to or affecting creditors’ rights. 
 5. Counterparts. This Amendment may be executed in any
number of counterparts and all of such counterparts taken together shall be deemed to constitute one and the same instrument. 

6. Effectiveness. This Amendment shall be deemed effective upon (a) the due execution and delivery to Bank of this Amendment by
each party hereto, (b) Borrower’s payment of a non-refundable amendment fee in the amount of One Thousand Two Hundred Fifty Dollars ($1,250), and (c) payment of Bank’s legal fees and expenses in connection with the negotiation
and preparation of this Amendment. 
 [Signature page follows.] 

  
 3. 

 IN WITNESS WHEREOF, the
parties hereto have caused this Amendment to be duly executed and delivered as of the date first written above. 
  

			
	BANK
	
	 SILICON VALLEY BANK

		
	By:		 /s/ Matthew Wright

	Name:		 Matthew Wright

	Title:		  

	
	BORROWER
	
	 EASIC CORPORATION

		
	By:		 /s/ Ronnie Vasishta

	Name:		 Ronnie Vasishta

	Title:		 CEO

  
 [Signature Page to
Third Amendment to Loan and Security Agreement] 

 FOURTH AMENDMENT TO 

LOAN AND SECURITY AGREEMENT 

THIS FOURTH AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Amendment”) is entered into this 15 day of
February, 2013, but effective as of January 31, 2013, by and between SILICON VALLEY BANK (“Bank”) and EASIC CORPORATION, a Delaware corporation (“Borrower”) whose address is 2585 Augustine Drive,
Suite 100, Santa Clara, California 95054. 
 RECITALS 

A. Bank and Borrower have entered into that certain Loan and Security Agreement dated as of September 29, 2010, as amended by that
certain First Amendment to Loan and Security Agreement dated as of January 20, 2011 by and between Bank and Borrower, as amended by that certain Second Amendment to Loan and Security Agreement dated as of September 28, 2012 by and between
Bank and Borrower, and as amended by that certain Third Amendment to Loan and Security Agreement dated January 2, 2013, but effective as of December 28, 2012 by and between Bank and Borrower (as the same may from time to time be further
amended, modified, supplemented or restated, the “Loan Agreement”). 
 B. Bank has extended credit to Borrower for
the purposes permitted in the Loan Agreement. 
 C. Borrower has requested that Bank amend the Loan Agreement to (i) extend the
Revolving Line Maturity Date, and (ii) make certain other revisions to the Loan Agreement as more fully set forth herein. 
 D.
Bank has agreed to so amend certain provisions of the Loan Agreement, but only to the extent, in accordance with the terms, subject to the conditions and in reliance upon the representations and warranties set forth below. 

AGREEMENT 

NOW, THEREFORE, in consideration of the foregoing recitals and other good and valuable consideration, the receipt and adequacy of which is
hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows: 
 1. Definitions. Capitalized terms
used but not defined in this Amendment shall have the meanings given to them in the Loan Agreement. 
 2. Amendments to Loan Agreement.

 2.1 Section 13 (Definitions). The following term and definition set forth in Section 13.1 of the Loan Agreement is
amended in its entirety and replaced with the following: 
 “Revolving Line Maturity Date” is April 30, 2013. 

  
 1. 

 3. Limitation of Amendment. 

3.1 The amendment set forth in Section 2, above, is effective for the purposes set forth herein and shall be limited precisely as
written and shall not be deemed to (a) be a consent to any amendment, waiver or modification of any other term or condition of any Loan Document, or (b) otherwise prejudice any right or remedy which Bank may now have or may have in the
future under or in connection with any Loan Document. 
 3.2 This Amendment shall be construed in connection with and as part of the
Loan Documents and all terms, conditions, representations, warranties, covenants and agreements set forth in the Loan Documents, except as herein amended, are hereby ratified and confirmed and shall remain in full force and effect. 

4. Representations and Warranties. To induce Bank to enter into this Amendment, Borrower hereby represents and warrants to Bank as
follows: 
 4.1 Immediately after giving effect to this Amendment (a) the representations and warranties contained in the Loan
Documents are true, accurate and complete in all material respects as of the date hereof (except to the extent such representations and warranties relate to an earlier date, in which case they are true and correct as of such date), and (b) no
Event of Default has occurred and is continuing; 
 4.2 Borrower has the power and authority to execute and deliver this Amendment
and to perform its obligations under the Loan Agreement, as amended by this Amendment; 
 4.3 The organizational documents of
Borrower delivered to Bank on the Effective Date remain true, accurate and complete and have not been amended, supplemented or restated and are and continue to be in full force and effect; 

4.4 The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan
Agreement, as amended by this Amendment, have been duly authorized; 
 4.5 The execution and delivery by Borrower of this Amendment
and the performance by Borrower of its obligations under the Loan Agreement, as amended by this Amendment, do not and will not contravene (a) any law or regulation binding on or affecting Borrower, (b) any contractual restriction with a
Person binding on Borrower, (c) any order, judgment or decree of any court or other governmental or public body or authority, or subdivision thereof, binding on Borrower, or (d) the organizational documents of Borrower; 

4.6 The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan
Agreement, as amended by this Amendment, do not require any order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by any governmental or public body or authority, or subdivision
thereof, binding on Borrower, except as already has been obtained or made; and 

  
 2. 

 4.7 This Amendment has been duly executed and delivered by Borrower and is the binding
obligation of Borrower, enforceable against Borrower in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, liquidation, moratorium or other similar laws of general application and
equitable principles relating to or affecting creditors’ rights. 
 5. Counterparts. This Amendment may be executed in any
number of counterparts and all of such counterparts taken together shall be deemed to constitute one and the same instrument. 
 6.
Effectiveness. This Amendment shall be deemed effective upon (a) the due execution and delivery to Bank of this Amendment by each party hereto, (b) Borrower’s payment of a non-refundable amendment fee in the amount of Three
Thousand Seven Hundred Fifty Dollars ($3,750), and (c) payment of Bank’s legal fees and expenses in connection with the negotiation and preparation of this Amendment. 

[Signature page follows.] 

  
 3. 

 IN WITNESS WHEREOF, the parties hereto have
caused this Amendment to be duly executed and delivered as of the date first written above. 
  

			
	BANK:
	
	 SILICON VALLEY BANK

		
	By:		 /s/ Matthew Wright

	Name:		 Matthew Wright

	Title:		 RM

	
	BORROWER:
	
	 EASIC CORPORATION

		
	By:		 /s/ Ronnie Vasishta

	Name:		 Ronnie Vasishta

	Title:		 CEO

  
 [Signature Page to
Fourth Amendment to Loan and Security Agreement] 

 FIFTH AMENDMENT TO 

LOAN AND SECURITY AGREEMENT 

THIS FIFTH AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Amendment”) is entered into this 6th day of May, 2013, but effective as of April 30, 2013, by and between SILICON VALLEY BANK (“Bank”) and EASIC CORPORATION, a Delaware corporation
(“Borrower”) whose address is 2585 Augustine Drive, Suite 100, Santa Clara, California 95054. 
 RECITALS

 A. Bank and Borrower have entered into that certain Loan and Security Agreement dated as of September 29, 2010, as
amended by that certain First Amendment to Loan and Security Agreement dated as of January 20, 2011 by and between Bank and Borrower, as amended by that certain Consent Agreement dated April 29, 2011 by and between Bank and Borrower, as
amended by that certain Second Amendment to Loan and Security Agreement dated as of September 28, 2012 by and between Bank and Borrower, as amended by that certain Third Amendment to Loan and Security Agreement dated January 2, 2013, but
effective as of December 28, 2012 by and between Bank and Borrower, and as amended by that certain Fourth Amendment to Loan and Security Agreement dated February 15, 2013, but effective as of January 31, 2013 by and between Bank and
Borrower (as the same may from time to time be further amended, modified, supplemented or restated, the “Loan Agreement”). 

B. Bank has extended credit to Borrower for the purposes permitted in the Loan Agreement. 

C. Borrower contemplates obtaining a secured term loan (the “Silver Lake Loan”) from Silver Lake Waterman Fund, L.P.,
a Delaware limited partnership, in its capacity as agent and as lender (“Silver Lake”), in an aggregate principal amount of Fifteen Million Dollars ($15,000,000) (the “Silver Lake Loan Maximum”). 

D. Borrower has requested that Bank (a) consent to the Silver Lake Loan and (b) amend the Loan Agreement to (i) extend
the Revolving Line Maturity Date, and (ii) make certain other revisions to the Loan Agreement as more fully set forth herein. 
 E.
Although Bank is under no obligation to do so, Bank is willing to consent to the Silver Lake Loan and amend certain provisions of the Loan Agreement as more fully set forth herein, but only to the extent, in accordance with the terms, subject to
the conditions and in reliance upon the representations and warranties set forth below. 
 AGREEMENT 

NOW, THEREFORE, in consideration of the foregoing recitals and other good and valuable consideration, the receipt and adequacy of which is
hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows: 
 1. Definitions. Capitalized terms
used but not defined in this Amendment shall have the meanings given to them in the Loan Agreement. 

  
 1. 

 2. Silver Lake Loan. 

2.1 Consent. Subject to the express terms of Section 7 and 8 below, Bank hereby (a) consents to the Silver Lake Loan,
(b) agrees that the Silver Lake Loan shall constitute “Permitted Indebtedness” under the Loan Agreement to the extent the aggregate principal amount advanced under the Silver Lake Loan does not exceed the Silver Lake Loan Maximum, and
(c) agrees that the Lien in favor of Silver Lake to secure the Silver Lake Loan shall be considered a “Permitted Lien” under the Loan Agreement to the extent the aggregate principal amount secured thereby does not exceed the Silver
Lake Loan Maximum. The consent set forth in this Section shall not be deemed or otherwise construed to constitute a consent or waiver of any provisions of the Loan Agreement or any other Loan Document in connection with any other transaction other
than as specifically set forth in this Amendment. 
 2.2 Covenants and Defaults. Bank and Borrower hereby acknowledge and
agree that (a) Borrower shall not amend, modify or supplement any of the Silver Lake Loan Documents (as hereinafter defined) in a manner which would (i) increase the principal amount of Silver Lake Loan, (ii) increase any applicable
interest rate with respect to the Silver Lake Loan by more than 200 basis points (excluding increases based solely on (A) changes to the prime rate or any other index and (B) the imposition of the default rate of interest in accordance
with the Silver Lake Loan Documents), (iii) change the terms of principal or interest repayment with respect to the Silver Lake Loan, (iv) change the payment schedule with respect to the Silver Lake Loan, (v) add express conditions
that directly restrict the payment of the Obligations, (vi) change the maturity date with respect to the Silver Lake Loan from that set forth in the Silver Lake Loan Documents in effect as of the Silver Lake Loan Documents Execution Date (as
defined below), or (vii) change the definition of Collateral set forth in the Silver Lake Loan Documents from the definition in effect as of the Silver Lake Loan Documents Execution Date (as defined below); (b) the occurrence of a default
under the Silver Lake Loan Documents (if such default is not waived, or otherwise cured within any applicable grace period provided therein) shall be an Event of Default under the Loan Agreement; and (c) any breach of the Silver Lake
Subordination Agreement (as hereinafter defined) by Silver Lake shall be an Event of Default under the Loan Agreement (if such breach is not otherwise cured within any applicable grace period). 

3. Amendments to Loan Agreement. 

3.1 Execution of Silver Lake Loan Documents; Payoff of Indebtedness under Gold Hill Loan. Provided that Borrower and Silver Lake
have fully executed the Silver Lake Loan Documents and such Silver Lake Loan Documents are in full force and effect (the date on which the Silver Lake Loan Documents have been fully executed being called, the “Silver Lake Loan Documents
Execution Date”), Bank and Borrower agree that Borrower shall pay all, but not less than all, of the Indebtedness owing to Gold Hill under the Gold Hill Loan (the “Gold Hill Payoff”) on the date that is one (1) day
immediately prior to the day on which the funding of the Silver Lake Loan occurs, resulting in Borrower’s receipt of at least Ten Million Dollars ($10,000,000) in the first tranche of the Silver Lake Loan. 

3.2 Payoff of Obligations Related to Growth Capital Advances. Notwithstanding anything to the contrary in the Loan Agreement, on a date
not later than one hundred twenty (120) days after the Silver Lake Loan Documents Execution Date, Bank and 

  
 2. 

 
Borrower agree that Borrower shall prepay all, but not less than all, of (A) all accrued and unpaid interest with respect to the Growth Capital Advances through the date the prepayment is
made; (B) all unpaid principal with respect to the Growth Capital Advances; (C) the Final Payment and (D) all other sums relating to the Growth Capital Advances, if any, that shall have become due and payable under the Loan Agreement.

 3.3 Section 13 (Definitions). The following term and definition set forth in Section 13.1 of the Loan Agreement is
amended in its entirety and replaced with the following: 
 “Revolving Line Maturity Date” is June 14, 2013. 

4. Limitation of Consent and Amendments. 

4.1 The consent set forth in Section 2 and the amendments set forth in Section 3 above are effective for the purposes set
forth herein and shall be limited precisely as written and shall not be deemed to (a) be a consent to any amendment, waiver or modification of any other term or condition of any Loan Document, or (b) otherwise prejudice any right or remedy
which Bank may now have or may have in the future under or in connection with any Loan Document. 
 4.2 This Amendment shall be
construed in connection with and as part of the Loan Documents and all terms, conditions, representations, warranties, covenants and agreements set forth in the Loan Documents, except as herein amended, are hereby ratified and confirmed and shall
remain in full force and effect. 
 4.3 In addition to those Events of Default specifically enumerated in the Loan Documents, the
failure to comply with the terms of any covenant or agreement contained herein shall constitute an Event of Default and shall entitle the Bank to exercise all rights and remedies provided to the Bank under the terms of any of the other Loan
Documents as a result of the occurrence of the same. 
 5. Representations and Warranties. To induce Bank to enter into this
Amendment, Borrower hereby represents and warrants to Bank as follows: 
 5.1 Immediately after giving effect to this
Amendment (a) the representations and warranties contained in the Loan Documents are true, accurate and complete in all material respects as of the date hereof (except to the extent such representations and warranties relate to an earlier date,
in which case they are true and correct as of such date), and (b) no Event of Default has occurred and is continuing; 
 5.2
Borrower has the power and authority to execute and deliver this Amendment and to perform its obligations under the Loan Agreement, as amended by this Amendment; 

5.3 The organizational documents of Borrower delivered to Bank on the Effective Date remain true, accurate and complete and have not
been amended, supplemented or restated and are and continue to be in full force and effect; 

  
 3. 

 5.4 The execution and delivery by Borrower of this Amendment and the performance by
Borrower of its obligations under the Loan Agreement, as amended by this Amendment, have been duly authorized; 
 5.5 The execution
and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan Agreement, as amended by this Amendment, do not and will not contravene (a) any law or regulation binding on or affecting Borrower,
(b) any contractual restriction with a Person binding on Borrower, (c) any order, judgment or decree of any court or other governmental or public body or authority, or subdivision thereof, binding on Borrower, or (d) the
organizational documents of Borrower; 
 5.6 The execution and delivery by Borrower of this Amendment and the performance by Borrower
of its obligations under the Loan Agreement, as amended by this Amendment, do not require any order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by any governmental or public
body or authority, or subdivision thereof, binding on Borrower, except as already has been obtained or made; 
 5.7 This Amendment
has been duly executed and delivered by Borrower and is the binding obligation of Borrower, enforceable against Borrower in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization,
liquidation, moratorium or other similar laws of general application and equitable principles relating to or affecting creditors’ rights; and 

5.8 True, complete and correct copies of all of the documents relating to, evidencing or securing the Silver Lake Loan the Silver Lake
Loan, including all amendments, supplements and other modifications thereto (the “Silver Lake Loan Documents”) will be delivered in accordance with Section 8 of this Amendment, and attached as Exhibit A. 

6. Counterparts. This Amendment may be executed in any number of counterparts and all of such counterparts taken together shall be
deemed to constitute one and the same instrument. 
 7. Effectiveness. This Amendment shall be deemed effective on
April 30, 2013 upon (a) the due execution and delivery to Bank of this Amendment by each party hereto, (b) Borrower’s payment of a non-refundable amendment fee in the amount of One Thousand Eight Hundred Seventy-Five Dollars
($1,875), and (c) payment of Bank’s legal fees and expenses in connection with the negotiation and preparation of this Amendment. 

8. Post-Closing Matters. Borrower shall deliver to Bank within one (1) Business Day of the Silver Lake Loan Documents Execution
Date (i) copies of the Silver Lake Loan Documents, and (b) the Subordination Agreement substantially in the form attached hereto as Schedule 1, duly executed by Silver Lake (the “Silver Lake Subordination Agreement”).
Following the Silver Lake Loan Documents Execution Date, Borrower shall promptly pay Bank’s legal fees and expenses in connection with the negotiation and preparation of the Silver Lake Subordination Agreement, and the review of the Silver Lake
Loan Documents. 
 [Signature page follows.] 

  
 4. 

 IN WITNESS WHEREOF, the parties hereto have
caused this Amendment to be duly executed and delivered as of the date first written above. 
  

			
	BANK:
	
	 SILICON VALLEY BANK

		
	By:		 /s/ Matthew Wright

	Name:		 Matthew Wright

	Title:		 VP

	
	BORROWER:
	
	 EASIC CORPORATION

		
	By:		 /s/ Ronnie Vasishta

	Name:		 Ronnie Vasishta

	Title:		 President & CEO

  
 [Signature Page to
Fifth Amendment to Loan and Security Agreement] 

 SIXTH AMENDMENT TO 

LOAN AND SECURITY AGREEMENT 

THIS SIXTH AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Amendment”) is entered into this 14th day of June,
2013, but effective as of June 14, 2013, by and between SILICON VALLEY BANK (“Bank”) and EASIC CORPORATION, a Delaware corporation (“Borrower”) whose address is 2585 Augustine Drive, Suite 100,
Santa Clara, California 95054. 
 RECITALS 

A. Bank and Borrower have entered into that certain Loan and Security Agreement dated September 29, 2010, as amended by that
certain First Amendment to Loan and Security Agreement dated January 20, 2011 by and between Bank and Borrower, as amended by that certain Consent Agreement dated April 29, 2011 by and between Bank and Borrower, as amended by that certain
Second Amendment to Loan and Security Agreement dated September 28, 2012 by and between Bank and Borrower, as amended by that certain Third Amendment to Loan and Security Agreement dated January 2, 2013, but effective as of
December 28, 2012 by and between Bank and Borrower, as amended by that certain Fourth Amendment to Loan and Security Agreement dated February 15, 2013, but effective as of January 31, 2013 by and between Bank and Borrower, and as
amended by that certain Fifth Amendment to Loan and Security Agreement dated May 6, 2013, but effective as of April 30, 2013 (as the same may from time to time be further amended, modified, supplemented or restated, the “Loan
Agreement”). 
 B. Bank has extended credit to Borrower for the purposes permitted in the Loan Agreement. 

C. Borrower has requested that Bank amend the Loan Agreement to (i) extend the Revolving Line Maturity Date, and (ii) make
certain other revisions to the Loan Agreement as more fully set forth herein. 
 D. Although Bank is under no obligation to do
so, Bank is willing to amend certain provisions of the Loan Agreement as more fully set forth herein, but only to the extent, in accordance with the terms, subject to the conditions and in reliance upon the representations and warranties set forth
below. 
 AGREEMENT 

NOW, THEREFORE, in consideration of the foregoing recitals and other good and valuable consideration, the receipt and adequacy of which
is hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows: 
 1. Definitions. Capitalized
terms used but not defined in this Amendment shall have the meanings given to them in the Loan Agreement. 

 2. Amendment to Loan Agreement. 

2.1 Section 13 (Definitions). The definition of “Revolving Line Maturity Date” set forth in Section 13.1 of
the Loan Agreement is hereby amended in its entirety and replaced with the following: 
 “Revolving Line Maturity Date” is
July 28, 2013. 
 3. Limitation of Amendment. 

3.1 The amendment set forth in Section 2, above, is effective for the purposes set forth herein and shall be limited precisely as
written and shall not be deemed to (a) be a consent to any amendment, waiver or modification of any other term or condition of any Loan Document, or (b) otherwise prejudice any right or remedy which Bank may now have or may have in the
future under or in connection with any Loan Document. 
 3.2 This Amendment shall be construed in connection with and as part of the
Loan Documents and all terms, conditions, representations, warranties, covenants and agreements set forth in the Loan Documents, except as herein amended, are hereby ratified and confirmed and shall remain in full force and effect. 

4. Representations and Warranties. To induce Bank to enter into this Amendment, Borrower hereby represents and warrants to Bank as
follows: 
 4.1 Immediately after giving effect to this Amendment (a) the representations and warranties contained in the
Loan Documents are true, accurate and complete in all material respects as of the date hereof (except to the extent such representations and warranties relate to an earlier date, in which case they are true and correct as of such date), and
(b) no Event of Default has occurred and is continuing; 
 4.2 Borrower has the power and authority to execute and deliver this
Amendment and to perform its obligations under the Loan Agreement, as amended by this Amendment; 
 4.3 The organizational documents
of Borrower delivered to Bank on the Effective Date remain true, accurate and complete and have not been amended, supplemented or restated and are and continue to be in full force and effect; 

4.4 The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan
Agreement, as amended by this Amendment, have been duly authorized; 
 4.5 The execution and delivery by Borrower of this Amendment
and the performance by Borrower of its obligations under the Loan Agreement, as amended by this Amendment, do not and will not contravene (a) any law or regulation binding on or affecting Borrower, (b) any contractual restriction with a
Person binding on Borrower, (c) any order, judgment or decree of any court or other governmental or public body or authority, or subdivision thereof, binding on Borrower, or (d) the organizational documents of Borrower; 

  
 2 

 4.6 The execution and delivery by Borrower of this Amendment and the performance by
Borrower of its obligations under the Loan Agreement, as amended by this Amendment, do not require any order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by any governmental or
public body or authority, or subdivision thereof, binding on Borrower, except as already has been obtained or made; and 
 4.7 This
Amendment has been duly executed and delivered by Borrower and is the binding obligation of Borrower, enforceable against Borrower in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization,
liquidation, moratorium or other similar laws of general application and equitable principles relating to or affecting creditors’ rights. 

5. Integration. This Amendment and the Loan Documents represent the entire agreement about this subject matter and supersede prior
negotiations or agreements. All prior agreements, understandings, representations, warranties, and negotiations between the parties about the subject matter of this Amendment and the Loan Documents merge into this Amendment and the Loan
Documents. 
 6. Counterparts. This Amendment may be executed in any number of counterparts and all of such counterparts taken
together shall be deemed to constitute one and the same instrument. 
 7. Effectiveness. This Amendment shall be deemed
effective as of June 14, 2013 upon (a) the due execution and delivery to Bank of this Amendment by each party hereto, (b) Borrower’s payment of a non-refundable amendment fee in the amount of One Thousand Eight Hundred
Seventy-Five Dollars ($1,875), and (c) payment of Bank’s legal fees and expenses in connection with the negotiation and preparation of this Amendment. 

[Signature page follows.] 

  
 3 

 IN WITNESS WHEREOF, the parties hereto have
caused this Amendment to be duly executed and delivered as of the date first written above. 
  

			
	BANK:
	
	 SILICON VALLEY BANK

		
	By:		 /s/ Matthew Wright

	Name:		 Matthew Wright

	Title:		  

	
	BORROWER:
	
	 EASIC CORPORATION

		
	By:		 /s/ Ronnie Vasishta

	Name:		 Ronnie Vasishta

	Title:		 President & CEO

  
 [Signature Page to
Sixth Amendment to Loan and Security Agreement] 

 SEVENTH AMENDMENT TO 

LOAN AND SECURITY AGREEMENT 

THIS SEVENTH AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Amendment”) is entered into this 19th day of July,
2013, by and between SILICON VALLEY BANK (“Bank”) and EASIC CORPORATION, a Delaware corporation (“Borrower”) whose address is 2585 Augustine Drive, Suite 100, Santa Clara, California 95054. 

RECITALS 

A. Bank and Borrower have entered into that certain Loan and Security Agreement dated September 29, 2010, as amended by that
certain First Amendment to Loan and Security Agreement dated January 20, 2011 by and between Bank and Borrower, as amended by that certain Consent Agreement dated April 29, 2011 by and between Bank and Borrower, as amended by that certain
Second Amendment to Loan and Security Agreement dated September 28, 2012 by and between Bank and Borrower, as amended by that certain Third Amendment to Loan and Security Agreement dated January 2, 2013, but effective as of
December 28, 2012 by and between Bank and Borrower, as amended by that certain Fourth Amendment to Loan and Security Agreement dated February 15, 2013, but effective as of January 31, 2013 by and between Bank and Borrower, as amended
by that certain Fifth Amendment to Loan and Security Agreement dated May 6, 2013, but effective as of April 30, 2013, and as amended by that certain Sixth Amendment to Loan and Security Agreement dated June 14, 2013 (as the same may
from time to time be further amended, modified, supplemented or restated, the “Loan Agreement”). 
 B. Bank has
extended credit to Borrower for the purposes permitted in the Loan Agreement. 
 C. Borrower has requested that Bank amend the Loan
Agreement to (i) extend the Revolving Line Maturity Date, and (ii) make certain other revisions to the Loan Agreement as more fully set forth herein. 

D. Although Bank is under no obligation to do so, Bank is willing to amend certain provisions of the Loan Agreement as more fully set
forth herein, but only to the extent, in accordance with the terms, subject to the conditions and in reliance upon the representations and warranties set forth below. 

AGREEMENT 

NOW, THEREFORE, in consideration of the foregoing recitals and other good and valuable consideration, the receipt and adequacy of which
is hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows: 
 1. Definitions. Capitalized terms
used but not defined in this Amendment shall have the meanings given to them in the Loan Agreement. 

  
 1. 

 2. Amendment to Loan Agreement. 

2.1 Section 13 (Definitions). The definition of “Revolving Line Maturity Date” set forth in Section 13.1 of the
Loan Agreement is amended in its entirety and replaced with the following: 
 “Revolving Line Maturity Date” is
September 27, 2013. 
 3. Limitation of Amendment. 

3.1 The amendment set forth in Section 2, above, is effective for the purposes set forth herein and shall be limited precisely as
written and shall not be deemed to (a) be a consent to any amendment, waiver or modification of any other term or condition of any Loan Document, or (b) otherwise prejudice any right or remedy which Bank may now have or may have in the
future under or in connection with any Loan Document. 
 3.2 This Amendment shall be construed in connection with and as part of the
Loan Documents and all terms, conditions, representations, warranties, covenants and agreements set forth in the Loan Documents, except as herein amended, are hereby ratified and confirmed and shall remain in full force and effect. 

4. Representations and Warranties. To induce Bank to enter into this Amendment, Borrower hereby represents and warrants to Bank as
follows: 
 4.1 Immediately after giving effect to this Amendment (a) the representations and warranties contained in the Loan
Documents are true, accurate and complete in all material respects as of the date hereof (except to the extent such representations and warranties relate to an earlier date, in which case they are true and correct as of such date), and (b) no
Event of Default has occurred and is continuing; 
 4.2 Borrower has the power and authority to execute and deliver this Amendment
and to perform its obligations under the Loan Agreement, as amended by this Amendment; 
 4.3 The organizational documents of
Borrower delivered to Bank on the Effective Date remain true, accurate and complete and have not been amended, supplemented or restated and are and continue to be in full force and effect; 

4.4 The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan
Agreement, as amended by this Amendment, have been duly authorized; 
 4.5 The execution and delivery by Borrower of this Amendment
and the performance by Borrower of its obligations under the Loan Agreement, as amended by this Amendment, do not and will not contravene (a) any law or regulation binding on or affecting Borrower, (b) any contractual restriction with a
Person binding on Borrower, (c) any order, judgment or decree of any court or other governmental or public body or authority, or subdivision thereof, binding on Borrower, or (d) the organizational documents of Borrower; 

  
 2. 

 4.6 The execution and delivery by Borrower of this Amendment and the performance by
Borrower of its obligations under the Loan Agreement, as amended by this Amendment, do not require any order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by any governmental or
public body or authority, or subdivision thereof, binding on Borrower, except as already has been obtained or made; and 
 4.7 This
Amendment has been duly executed and delivered by Borrower and is the binding obligation of Borrower, enforceable against Borrower in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization,
liquidation, moratorium or other similar laws of general application and equitable principles relating to or affecting creditors’ rights. 

5. Integration. This Amendment and the Loan Documents represent the entire agreement about this subject matter and supersede prior
negotiations or agreements. All prior agreements, understandings, representations, warranties, and negotiations between the parties about the subject matter of this Amendment and the Loan Documents merge into this Amendment and the Loan Documents.

 6. Counterparts. This Amendment may be executed in any number of counterparts and all of such counterparts taken together shall be
deemed to constitute one and the same instrument. 
 7. Effectiveness. This Amendment shall be deemed effective upon (a) the due
execution and delivery to Bank of this Amendment by each party hereto, (b) Borrower’s payment of a non-refundable amendment fee in the amount of Two Thousand Five Hundred Dollars ($2,500), and (c) payment of Bank’s legal fees and
expenses in connection with the negotiation and preparation of this Amendment. 
 [Signature page follows.] 

  
 3. 

 IN WITNESS WHEREOF, the parties hereto have
caused this Amendment to be duly executed and delivered as of the date first written above. 
  

			
	BANK:
	
	 SILICON VALLEY BANK

		
	By:		 /s/ Ryan Edwards

	Name:		 Ryan Edwards

	Title:		 VP

	
	BORROWER:
	
	 EASIC CORPORATION

		
	By:		 /s/ Ronnie Vasishta

	Name:		 Ronnie Vasishta

	Title:		 President & CEO

  
 [Signature Page to
Seventh Amendment to Loan and Security Agreement] 

 EIGHTH AMENDMENT TO 

LOAN AND SECURITY AGREEMENT 

THIS EIGHTH AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Amendment”) is entered into this 30th day of September,
2013, by and between SILICON VALLEY BANK (“Bank”) and EASIC CORPORATION, a Delaware corporation (“Borrower”) whose address is 2585 Augustine Drive, Suite 100, Santa Clara, California 95054. 

RECITALS 

A. Bank and Borrower have entered into that certain Loan and Security Agreement dated as of September 29, 2010 (as the same may
from time to time be further amended, modified, supplemented or restated, the “Loan Agreement”). 
 B. Bank has
extended credit to Borrower for the purposes permitted in the Loan Agreement. 
 C. Borrower contemplates obtaining a secured term
loan from Horizon Technology Finance Corporation, a Delaware corporation (“Horizon”), in its capacity as collateral agent and as lender and DBD Credit Funding LLC, a Delaware limited liability company (“DBD”), in
its capacity as a lender (such secured term loan being called, the “Horizon/DBD Loan”), in an aggregate principal amount of Six Million Dollars ($6,000,000) (the “Horizon/DBD Loan Maximum”). 

D. Borrower has requested that Bank (a) consent to the Horizon/DBD Loan and (b) amend the Loan Agreement to (i) increase
the Revolving Line, (ii) extend the Revolving Line Maturity Date, and (iii) make certain other revisions to the Loan Agreement as more fully set forth herein. 

E. Although Bank is under no obligation to do so, Bank is willing to consent to the Horizon/DBD Loan and amend certain provisions of
the Loan Agreement as more fully set forth herein, but only to the extent, in accordance with the terms, subject to the conditions and in reliance upon the representations and warranties set forth below. 

AGREEMENT 

NOW, THEREFORE, in consideration of the foregoing recitals and other good and valuable consideration, the receipt and adequacy of which is
hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows: 
 1. Definitions. Capitalized terms
used but not defined in this Amendment shall have the meanings given to them in the Loan Agreement. 
 2. Horizon/DBD Loan.

 2.1 Consent. Subject to the express terms of Section 7 below, Bank hereby (a) consents to the Horizon/DBD
Loan, (b) agrees that the Horizon/DBD Loan shall constitute “Permitted Indebtedness” under the Loan Agreement (pursuant to the terms of the Horizon/DBD 

  
 1. 

 
Subordination Agreement (as defined below)) to the extent the aggregate principal amount advanced under the Horizon/DBD Loan does not exceed the Horizon/DBD Loan Maximum, and (c) agrees that
the Liens in favor of Horizon, in its capacity as collateral agent and as lender, and DBD, in its capacity as a lender, to secure the Horizon/DBD Loan shall be considered a “Permitted Lien” under the Loan Agreement (pursuant to the terms
of the Horizon/DBD Subordination Agreement) to the extent the aggregate principal amount secured thereby does not exceed the Horizon/DBD Loan Maximum. The consent set forth in this Section shall not be deemed or otherwise construed to constitute a
consent or waiver of any provisions of the Loan Agreement or any other Loan Document in connection with any other transaction other than as specifically set forth in this Amendment. 

2.2 Horizon/DBD Subordination Agreement. Borrower has read, reviewed and approved all of the terms of the Horizon/DBD Subordination
Agreement. Bank and Borrower hereby agree that the Horizon/DBD Subordination Agreement shall be included in the term “Loan Documents” as defined in the Loan Agreement. 

2.3 Covenants and Defaults. Bank and Borrower hereby acknowledge and agree that (a) Borrower shall not amend, modify or supplement
any of the Horizon/DBD Loan Documents (as hereinafter defined) in a manner which would (i) increase the principal amount of Horizon/DBD Loan, (ii) increase any applicable interest rate with respect to the Horizon/DBD Loan by more than 200
basis points (excluding increases based solely on (A) changes to the prime rate or any other index and (B) the imposition of the default rate of interest in accordance with the Horizon/DBD Loan Documents), (iii) change the terms of
principal or interest repayment with respect to the Horizon/DBD Loan, (iv) change the payment schedule with respect to the Horizon/DBD Loan, (v) add express conditions that directly restrict the payment of the Obligations, (vi) change
the maturity date with respect to the Horizon/DBD Loan from that set forth in the Horizon/DBD Loan Documents in effect as of the Horizon/DBD Loan Documents Execution Date (as defined below), or (vii) change the definition of Collateral set
forth in the Horizon/DBD Loan Documents from the definition in effect as of the Horizon/DBD Loan Documents Execution Date (as defined below); (b) the occurrence of a default under the Horizon/DBD Loan Documents (if such default is not waived,
or otherwise cured within any applicable grace period provided therein) shall be an Event of Default under the Loan Agreement; and (c) any breach of the Horizon/DBD Subordination Agreement by Horizon and/or DBD shall be an Event of Default
under the Loan Agreement (if such breach is not otherwise cured within any applicable grace period). 
 3. Amendments to Loan Agreement.

 3.1 Payoff of Indebtedness under Gold Hill Loan. Bank and Borrower agree that Borrower shall use the proceeds of the first
tranche of the Horizon/DBD Loan to pay all, but not less than all, of the Indebtedness owing to Gold Hill under the Gold Hill Loan (the “Gold Hill Payoff”). 

3.2 Payoff of Obligations Related to Growth Capital Advances. Notwithstanding anything to the contrary in the Loan Agreement, Bank and
Borrower agree that Borrower shall use the proceeds of the first tranche of the Horizon/DBD Loan to prepay all, but not less than all, of (A) the Growth Capital Advances; (B) all accrued and unpaid interest with

  
 2. 

 
respect to the Growth Capital Advances through the date the prepayment is made; (C) all unpaid principal with respect to the Growth Capital Advances; (D) the Final Payment and
(E) all other sums relating to the Growth Capital Advances, if any, that shall have become due and payable under the Loan Agreement. 

3.3 Section 6.6 (Access to Collateral; Books and Records). The second sentence of Section 6.6 of the Loan Agreement is hereby
amended by deleting such sentence in its entirety, and replacing it with the following: 
 Provided no Event of Default has occurred and is
continuing, such audits shall be conducted no more than once every six (6) months. 
 3.4 Section 6.12 (Financial
Covenants). Section 6 of the Loan Agreement is hereby amended by adding Section 6.12 to the Loan Agreement immediately after Section 6.11 of the Loan Agreement as follows: 

6.12 Financial Covenants. Maintain at all times, subject to periodic reporting as of the last day of each month, unless otherwise
noted, on a consolidated basis with respect to Borrower: 
 (a) Minimum Revenue. Commencing with the quarter ending
September 30, 2013, and as of the last day of each quarter thereafter, total gross revenue, measured on a cumulative basis for period then ended, of at least the following amounts at the following times: 

 

			
	 Quarter Ending
		Minimum Revenue
	 September 30, 2013
		$6,240,000
	 December 31, 2013
		$8,122,000
	 March 31, 2014
		$10,400,000
	 June 30, 2014
		$10,800,000
	 September 30, 2014
		$11,200,000
	 December 31, 2014
		$11,600,000
	 March 31, 2015 and thereafter
		 To be determined based on Borrower’s

FY 2015 board- approved plan*

 * Notwithstanding the foregoing, Bank shall establish the applicable minimum revenue financial
covenant for the quarter ending on March 31, 2015 and each subsequent quarter ending during Borrower’s fiscal year 2015 based 

  
 3. 

 
upon Borrower’s board-approved plan for the fiscal year ending December 31, 2015, delivered in accordance with Section 6.2, and such covenant shall be set in a manner (but not in
amounts) consistent with the covenant set as of September 30, 2013 through the quarter ending on December 31, 2014. 
 3.5
Section 12.1 (Termination Prior to Revolving Line Maturity Date). Section 12.1 of the Loan Agreement is hereby amended in its entirety by adding the following sentence immediately at the end of such Section: 

If such termination is at Borrower’s election or at Bank’s election due to the occurrence and continuance of an Event of Default,
Borrower shall pay to Bank, in addition to the payment of any other expenses or fees then-owing, a termination fee in an amount equal to Seventy-Five Thousand Dollars ($75,000), provided, that no termination fee shall be charged if the credit
facility hereunder is replaced with a new facility from another division of Bank. 
 3.6 Section 13 (Definitions). 

(a) The following terms and definitions set forth in Section 13.1 of the Loan Agreement are hereby amended in their entirety and
replaced with the following: 
 “Revolving Line” is an Advance or Advances in an amount equal to Five Million Dollars
($5,000,000). 
 “Revolving Line Maturity Date” is September 30, 2015. 

(b) The definition of “Eligible Accounts” set forth in Section 13.1 of the Loan Agreement is hereby amended by deleting
clauses (e) and (v) in their entirety and replacing them with the following: 
 (e) Accounts owing from an Account Debtor which
does not have its principal place of business in the United States unless such Accounts are: (a) otherwise Eligible Accounts, and such Account is approved by Bank in writing, in its sole discretion, on a case-by-case basis, or (b) Eligible
Foreign Accounts; 
 (v) Accounts owing from an Account Debtor, whose total obligations to Borrower exceed thirty percent (30.0%) of
all Accounts, except for (i) Ericsson for which such percentage is seventy percent (70.0%), and (ii) Seagate for which such percentage is sixty percent (60.0%), for the amounts that exceed that percentage, unless Bank approves in writing;
and 
 (c) Section 13.1 of the Loan Agreement is hereby amended to add the following term and definition in the appropriate order to
preserve the alphabetical listing of the term in such section: 
 “Eligible Foreign Accounts” are Accounts
for which the Account Debtor does not have its principal place of business in the United States and which (a) otherwise satisfy the definition of Eligible Accounts and (b) are due and owing from any of the

  
 4. 

 
following Account Debtors: (i) Jabil Circuits, (ii) Arm Ltd., (iii) Ericsson, (iv) Texas Instruments, (v) Flextronics, (vi) Seagate, (vii) Innotech,
(viii) Nanjing Ericsson Panda Communications Company Ltd., (ix) Beyonics Technology (SENAI) Sdn Bhd, (x) Beyonics Technology Electronics (Suzhou) Co. Ltd., (xi) Cal-Comp Electronics, and (xii) Shenzen Kaifa Technology. 

3.7 Exhibit B (Compliance Certificate). The Compliance Certificate attached to the Loan Agreement as Exhibit B is replaced in
its entirety with the Compliance Certificate attached hereto as Exhibit B. From and after the date hereof, all references in the Loan Agreement to the Compliance Certificate shall mean the Compliance Certificate in the form attached hereto as
Exhibit B. 
 4. Limitation of Consent and Amendments. 

4.1 The consent set forth in Section 2 and the amendments set forth in Section 3 above are effective for the purposes set
forth herein and shall be limited precisely as written and shall not be deemed to (a) be a consent to any amendment, waiver or modification of any other term or condition of any Loan Document, or (b) otherwise prejudice any right or remedy
which Bank may now have or may have in the future under or in connection with any Loan Document. 
 4.2 This Amendment shall be
construed in connection with and as part of the Loan Documents and all terms, conditions, representations, warranties, covenants and agreements set forth in the Loan Documents, except as herein amended, are hereby ratified and confirmed and shall
remain in full force and effect. 
 4.3 In addition to those Events of Default specifically enumerated in the Loan Documents, the
failure to comply with the terms of any covenant or agreement contained herein shall constitute an Event of Default and shall entitle the Bank to exercise all rights and remedies provided to the Bank under the terms of any of the other Loan
Documents as a result of the occurrence of the same. 
 5. Representations and Warranties. To induce Bank to enter into this
Amendment, Borrower hereby represents and warrants to Bank as follows: 
 5.1 Immediately after giving effect to this
Amendment (a) the representations and warranties contained in the Loan Documents are true, accurate and complete in all material respects as of the date hereof (except to the extent such representations and warranties relate to an earlier date,
in which case they are true and correct as of such date), and (b) no Event of Default has occurred and is continuing; 
 5.2
Borrower has the power and authority to execute and deliver this Amendment and to perform its obligations under the Loan Agreement, as amended by this Amendment; 

  
 5. 

 5.3 The organizational documents of Borrower delivered to Bank on the Effective Date and
on September 26, 2013 remain true, accurate and complete and have not been amended, supplemented or restated and are and continue to be in full force and effect; 

5.4 The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan
Agreement, as amended by this Amendment, have been duly authorized; 
 5.5 The execution and delivery by Borrower of this Amendment
and the performance by Borrower of its obligations under the Loan Agreement, as amended by this Amendment, do not and will not contravene (a) any law or regulation binding on or affecting Borrower, (b) any contractual restriction with a
Person binding on Borrower, (c) any order, judgment or decree of any court or other governmental or public body or authority, or subdivision thereof, binding on Borrower, or (d) the organizational documents of Borrower; 

5.6 The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan
Agreement, as amended by this Amendment, do not require any order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by any governmental or public body or authority, or subdivision
thereof, binding on Borrower, except as already has been obtained or made; 
 5.7 This Amendment has been duly executed and delivered
by Borrower and is the binding obligation of Borrower, enforceable against Borrower in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, liquidation, moratorium or other similar laws
of general application and equitable principles relating to or affecting creditors’ rights; and 
 5.8 Attached as Schedule 1
are true, complete and correct copies of all of the documents relating to, evidencing or securing the Horizon/DBD Loan the Horizon/DBD Loan, including all amendments, supplements and other modifications thereto (the “Horizon/DBD Loan
Documents”). 
 6. Counterparts. This Amendment may be executed in any number of counterparts and all of such counterparts
taken together shall be deemed to constitute one and the same instrument. 
 7. Effectiveness. This Amendment shall be deemed
effective upon (a) the due execution and delivery to Bank of this Amendment by each party hereto, (b) Borrower’s payment of a non-refundable renewal fee in the amount of Twenty-Five Thousand Dollars ($25,000), (c) Bank’s
receipt of the Horizon/DBD Loan Documents, (c) Bank’s receipt of the Subordination Agreement substantially in the form attached hereto as Schedule 2 and dated as of even date herewith, duly executed and delivered by Borrower,
Horizon and DBD (the “Horizon/DBD Subordination Agreement”) and (d) payment of Bank’s legal fees and expenses in connection with the negotiation and preparation of this Amendment, the Horizon/DBD Subordination Agreement
and the review of the Horizon/DBD Loan Documents. 
 [Signature page follows.] 

  
 6. 

 IN WITNESS WHEREOF, the parties hereto have
caused this Amendment to be duly executed and delivered as of the date first written above. 
  

			
	BANK:
	
	 SILICON VALLEY BANK

		
	By:		 /s/ Matthew Wright

	Name:		 Matthew Wright

	Title:		 VP

	
	BORROWER:
	
	 EASIC CORPORATION

		
	By:		 /s/ Ronnie Vasishta

	Name:		 Ronnie Vasishta

	Title:		 09-26-2013

  
 [Signature Page to
Eighth Amendment to Loan and Security Agreement] 

 EXHIBIT B 

COMPLIANCE CERTIFICATE 
  

											
	 TO:
		SILICON VALLEY BANK				Date:                                
        
	 FROM:
		EASIC CORPORATION						

 The undersigned authorized officer of eASIC Corporation (“Borrower”) certifies that under the
terms and conditions of the Loan and Security Agreement between Borrower and Bank (the “Agreement”): 
 (1) Borrower is in
complete compliance for the period ending                      with all required covenants except as noted below; (2) there are no Events
of Default; (3) all representations and warranties in the Agreement are true and correct in all material respects on this date except as noted below; provided, however, that such materiality qualifier shall not be applicable to any
representations and warranties that already are qualified or modified by materiality in the text thereof; and provided, further that those representations and warranties expressly referring to a specific date shall be true, accurate and complete in
all material respects as of such date; (4) Borrower, and each of its Subsidiaries, has timely filed all required tax returns and reports, and Borrower has timely paid all foreign, federal, state and local taxes, assessments, deposits and
contributions owed by Borrower except as otherwise permitted pursuant to the terms of Section 5.9 of the Agreement; and (5) no Liens have been levied or claims made against Borrower or any of its Subsidiaries relating to unpaid employee
payroll or benefits of which Borrower has not previously provided written notification to Bank. 
 Attached are the required documents
supporting the certification. The undersigned certifies that these are prepared in accordance with GAAP consistently applied from one period to the next except as explained in an accompanying letter or footnotes. The undersigned acknowledges that no
borrowings may be requested at any time or date of determination that Borrower is not in compliance with any of the terms of the Agreement, and that compliance is determined not just at the date this certificate is delivered. Capitalized terms used
but not otherwise defined herein shall have the meanings given them in the Agreement. 
 Please indicate compliance status by circling Yes/No under
“Complies” column. 
  

					
	 Reporting Covenant
		 Required
		 Complies

	 Monthly financial statements with Compliance Certificate (“CC”)
		Monthly within 30 days		Yes        No
	 Annual financial statement (Company Prepared)
		FYE within 30 days		Yes        No
	 Annual financial statement (CPA Audited) + CC
		FYE within 180 days		Yes        No
	 Annual Board-Approved financial projections
		Annually within 10 days of approval		Yes        No
	 Transaction Reports
		Weekly at all times that any Advances are outstanding		Yes        No
	 Statements of Cash Balances at Foreign Deposit Accounts
		Monthly within 30 days		Yes        No
	 10-Q, 10-K and 8-K
		Within 5 days after filing with SEC		Yes        No
	 Borrowing Base Certificate A/R & A/P Agings
		Monthly within 30 days		Yes        No

  

							
	 Financial Covenant
		 Required
		 Actual
		 Complies

	 Maintain on a Quarterly Basis:
						
	 Minimum Revenue
						
	 September 30, 2013
		$6,240,000		$            		Yes        No
	 December 31, 2013
		$8,122,000		$            		Yes        No

  
 Exhibit B – Page 1

							
	 March 31, 2014
		$10,400,000		$            		Yes        No
	 June 30, 2014
		$10,800,000		$            		Yes        No
	 September 30, 2014
		$11,200,000		$            		Yes        No
	 December 31, 2014
		$11,600,000		$            		Yes        No
	 March 31, 2015
		 To be determined based on
 Borrower’s FY
2015 board-approved plan
		$            		Yes        No

 The following financial covenant analysis and information set forth in Schedule 1 attached hereto are true and
accurate as of the date of this Certificate. 
 The following are the exceptions with respect to the certificate above: (If no exceptions
exist, state “No exceptions to note.”) 
  
  

 
  
  

 

 

 EASIC CORPORATION 
  

			
	By:		 

			
	Name:		 

			
	Title:		 

 

 BANK USE ONLY 
  

			
	Received by:		 
			AUTHORIZED SIGNER

			
	Date:		 

			
		
	Verified:		 
			AUTHORIZED SIGNER

			
	Date:		 

					
			
	Compliance Status:		Yes		No

 
 

  
 2. 

 Schedule 1 to Compliance Certificate 

Financial Covenants of Borrower 

In the event of a conflict between this Schedule and the Loan Agreement, the terms of the Loan Agreement shall govern. 

Dated:
                                         
                
 Minimum Revenue (Section 6.12(a)) 

 

			
	Required:		Commencing with the quarter ending September 30, 2013, and as of the last day of each quarter thereafter, total gross revenue, measured on a cumulative basis for period then ended, of at least the following amounts at the
following times:

  

			
	 Quarter Ending
		Minimum Revenue
	 September 30, 2013
		$6,240,000
	 December 31, 2013
		$8,122,000
	 March 31, 2014
		$10,400,000
	 June 30, 2014
		$10,800,000
	 September 30, 2014
		$11,200,000
	 December 31, 2014
		$11,600,000
	 March 31, 2015 and thereafter
		 To be determined based on Borrower’s

FY 2015 board-approved plan

 Actual:
                                        
                 
  

					
	 A.
		Total gross revenue for the quarter then ended on a cumulative basis		$                

 Is line A equal to or greater than the required amount above? 

 

			
	                      No, not
in compliance
		                     Yes, in compliance

  
 Exhibit B – Page 1

 NINTH AMENDMENT TO 

LOAN AND SECURITY AGREEMENT 

THIS NINTH AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Amendment”) is entered into this _1st_ day of July, 2014, by and between SILICON VALLEY BANK (“Bank”) and EASIC CORPORATION, a Delaware corporation (“Borrower”) whose address is 2585
Augustine Drive, Suite 100, Santa Clara, California 95054. 
 RECITALS 

A. Bank and Borrower have entered into that certain Loan and Security Agreement dated as of September 29, 2010 (as the same may
from time to time be further amended, modified, supplemented or restated, the “Loan Agreement”). 
 B. Bank has
extended credit to Borrower for the purposes permitted in the Loan Agreement. 
 C. Borrower has requested that Bank amend the Loan
Agreement to (i) increase the Revolving Line, (ii) increase the Advance Rate, (iii) adjust the minimum revenue financial covenant set forth in Section 6.12 of the Loan Agreement, and (iv) make certain other revisions to the
Loan Agreement as more fully set forth herein. 
 D. Although Bank is under no obligation to do so, Bank is willing to amend certain
provisions of the Loan Agreement as more fully set forth herein, but only to the extent, in accordance with the terms, subject to the conditions and in reliance upon the representations and warranties set forth below. 

AGREEMENT 
 NOW,
THEREFORE, in consideration of the foregoing recitals and other good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows: 

1. Definitions. Capitalized terms used but not defined in this Amendment shall have the meanings given to them in the Loan
Agreement. 
 2. Amendments to Loan Agreement. 

2.1 2012 and 2013 Audited Financial Statements. Notwithstanding the requirements of Section 6.2(g) of the Loan Agreement to the
contrary, Borrower shall deliver to Bank its audited financial statements for fiscal years ended December 31, 2012 and December 31, 2013 on or before December 31, 2014. 

2.2 Section 2.1 (Promise to Pay). Section 2.1 of the Loan Agreement is amended by deleting Sections 2.1.3 (Letters of Credit
Sublimit), 2.1.4 (Foreign Exchange Sublimit) and 2.1.5 (Cash Management Services Sublimit) thereof in their entirety and marking them “Reserved.” 

  
 1. 

 2.3 Section 2.2 (Overadvances). Section 2.2 of the Loan Agreement is hereby
amended by deleting it in its entirety and replacing it with the following: 
 2.2 (Overadvances). If, at any time,
the outstanding principal amount of any Advances exceeds the lesser of either the Revolving Line or the Borrowing Base, Borrower shall immediately pay to Bank in cash the amount of such excess (such excess, the “Overadvance”).
Without limiting Borrower’s obligation to repay Bank any amount of the Overadvance, Borrower agrees to pay Bank interest on the outstanding amount of any Overadvance, on demand, at the Default Rate. 

2.4 Section 2.4(c) (Letter of Credit Fee). Section 2.4(c) of the Loan Agreement is amended by deleting it in its entirety and
marking it “Reserved.” 
 2.5 Section 3.5 (Procedures for Borrowing). Section 3.5(b) is hereby amended by deleting
the following parenthetical in its entirety: 
 “(other than Advances under Sections 2.1.3 or 2.1.5)” 

2.6 Section 4.1 (Grant of Security Interest). Section 4.1 of the Loan Agreement is hereby amended by adding the following new
paragraphs immediately after the first paragraph as follows: 
 Borrower acknowledges that it previously has entered, and/or
may in the future enter, into Bank Services Agreements with Bank. Regardless of the terms of any Bank Services Agreement, Borrower agrees that any amounts Borrower owes Bank thereunder shall be deemed to be Obligations hereunder and that it is the
intent of Borrower and Bank to have all such Obligations secured by the first priority perfected security interest in the Collateral granted herein (subject only to Permitted Liens that are permitted pursuant to the terms of this Agreement to have
superior priority to Bank’s Lien in this Agreement). 
 If this Agreement is terminated, Bank’s Lien in the
Collateral shall continue until the Obligations (other than inchoate indemnity obligations) are repaid in full in cash. Upon payment in full in cash of the Obligations (other than inchoate indemnity obligations) and at such time as Bank’s
obligation to make Credit Extensions has terminated, Bank shall, at the sole cost and expense of Borrower, release its Liens in the Collateral and all rights therein shall revert to Borrower. In the event (x) all Obligations (other than
inchoate indemnity obligations), except for Bank Services, are satisfied in full, and (y) this Agreement is terminated, Bank shall terminate the security interest granted herein upon Borrower providing cash collateral acceptable to Bank in its
good faith business judgment for Bank Services, if any. In the event such Bank Services consist of outstanding Letters of Credit, Borrower shall provide to Bank cash collateral in an amount equal to (x) if such Letters of Credit are denominated
in Dollars, then at least one hundred five percent (105.0%); and (y) if such Letters of Credit are denominated in a Foreign Currency, then at least one hundred ten percent (110.0%), of the Dollar Equivalent of the face amount of all such
Letters of Credit plus all interest, fees, and costs 

  
 2. 

 
due or to become due in connection therewith (as estimated by Bank in its business judgment), to secure all of the Obligations relating to such Letters of Credit. 

2.7 Section 4.2 (Priority of Security Interest). Section 4.2 of the Loan Agreement is hereby amended by deleting it in its
entirety and replacing it with the following: 
 4.2 Priority of Security Interest. Borrower represents, warrants, and
covenants that the security interest granted herein is and shall at all times continue to be a first priority perfected security interest in the Collateral (subject only to Permitted Liens that are permitted pursuant to the terms of this Agreement
to have superior priority to Bank’s Lien under this Agreement). If Borrower shall acquire a commercial tort claim, Borrower shall promptly notify Bank in a writing signed by Borrower of the general details thereof and grant to Bank in such
writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to Bank. 

2.8 6.12 (Financial Covenants). Section 6.12 of the Loan Agreement is hereby amended by deleting it in its entirety and replacing
it with the following: 
 6.12 Financial Covenants. Maintain at all times, subject to periodic reporting as of the last day of each
month, unless otherwise noted, on a consolidated basis with respect to Borrower: 
 (a) Minimum Revenue. Commencing
with the calendar quarter ending June 30, 2014, and as of the last day of each calendar quarter thereafter, aggregate revenue (as determined in accordance with GAAP), measured on a cumulative basis for the calendar quarter then ended, of at
least the following amounts at the following times: 
  

			
	 Quarter Ending
	  	 Required Minimum Revenue

	June 30, 2014	  	$9,610,000
	September 30, 2014	  	$10,240,000
	December 31, 2014	  	$10,960,000
	March 31, 2015 and thereafter	  	To be determined based on
 Borrower’s FY 2015 board-approved plan*

 * Notwithstanding the foregoing, Bank shall establish the applicable minimum revenue
financial covenant for the calendar quarter ending on March 31, 2015 and each subsequent calendar quarter ending during Borrower’s fiscal year 2015 based upon Borrower’s board-approved plan for the fiscal year ending December 31,
2015, delivered in accordance with Section 6.2, and such covenant shall be set in a manner (but not in amounts) consistent with the covenant set as of June     , 2014 through the calendar quarter ending on
December 31, 2014. 

  
 3. 

 2.9 Section 9.1 (Rights and Remedies). Section 9.1(c) of the Loan Agreement is hereby
amended by deleting it in its entirety and replacing it with the following: 
 (c) demand that Borrower (1) deposit cash
with Bank in an amount equal to (x) if such Letters of Credit are denominated in Dollars, at least one hundred five percent (105.0%); and (y) if such Letters of Credit are denominated in a Foreign Currency, at least one hundred ten percent
(110.0%), of the Dollar Equivalent of the aggregate face amount of all Letters of Credit remaining undrawn (plus all interest, fees, and costs due or to become due in connection therewith (as estimated by Bank in its good faith business judgment)),
to secure all of the Obligations relating to such Letters of Credit, as collateral security for the repayment of any future drawings under such Letters of Credit, and Borrower shall forthwith deposit and pay such amounts, and (2) pay in advance
all letter of credit fees scheduled to be paid or payable over the remaining term of any Letters of Credit; 
 2.10 Section 12.1
(Termination Prior to Maturity Date). Section 12.1 of the Loan Agreement is hereby amended by deleting it in its entirety and replacing it with the following: 

12.1 Section 12.1 Termination Prior to Maturity Date; Survival. All covenants, representations and warranties made
in this Agreement continue in full force until this Agreement has terminated pursuant to its terms and all Obligations have been satisfied. So Jong as Borrower has satisfied the Obligations (other than inchoate indemnity obligations, and any other
obligations which, by their terms, are to survive the termination of this Agreement, and any Obligations under Bank Services Agreements that are cash collateralized in accordance with Section 4.1 of this Agreement), this Agreement may be
terminated prior to the Revolving Line Maturity Date by Borrower, effective three (3) Business Days after written notice of termination is given to Bank. Those obligations that are expressly specified in this Agreement as surviving this
Agreement’s termination shall continue to survive notwithstanding this Agreement’s termination. 
 2.11 Section 12.9
(Survival). Section 12.9 of the Loan Agreement is hereby amended by deleting it in its entirety and making it “Reserved”. 

2.12 Section 13 (Definitions). 

(a) The following terms and their respective definitions set forth in Section 13.1 of the Loan Agreement are hereby deleted in their
entirety: “Cash Management Services”, “FX Business Day”, “FX Reduction Amount”, “FX Reserve”, “Letter of Credit Application”, and “Settlement Date”. 

(b) The following terms and their respective definitions are hereby added in alphabetical order to Section 13.1 of the Loan Agreement as
follows: 
 “Bank Services” are any products, credit services, and/or financial accommodations previously,
now, or hereafter provided to Borrower or any of its Subsidiaries by Bank or any Bank Affiliate, including, without limitation, any letters of credit, cash management services (including, without limitation, merchant services, direct

  
 4. 

 
deposit of payroll, business credit cards, and check cashing services), interest rate swap arrangements, and foreign exchange services as any such products or services may be identified in
Bank’s various agreements related thereto (each, a “Bank Services Agreement”). 
 “Horizon
Subordination Agreement” means, with respect to the Horizon/DBD Loan, that certain Amended and Restated Subordination Agreement dated as of June     , 2014, by and among Bank, Borrower, Horizon Funding Trust
2013-1, as assignee of Horizon Technology Finance Corporation, as a lender, and in its capacity as collateral agent for the Subordinated Creditors (as defined therein) and Fortress Credit Opportunities I LP, as assignee of DBD Credit Funding LLC, as
a lender, as the same may be amended, modified, supplemented or restated from time to time. 
 (c) The following terms and their respective
definitions set forth in Section 13.1 of the Loan Agreement are amended in their entirety and replaced with the following: 

“Availability Amount” is (a) the lesser of (i) the Revolving Line or (ii) the amount
available under the Borrowing Base, minus (b) the outstanding principal balance of any Advances. 
 “Borrowing
Base” is eighty-five percent (85.0%) of Eligible Accounts, as determined by Bank from Borrower’s most recent Transaction Report; provided, however, that Bank may decrease the foregoing percentage in its good faith business
judgment based on events, conditions, contingencies, or risks which, as determined by Bank, may adversely affect Collateral. 

“Credit Extension” is any Advance or any other extension of credit by Bank for Borrower’s benefit. 

“FX Forward Contract” is any foreign exchange contract by and between Borrower and Bank under which Borrower
commits to purchase from or sell to Bank a specific amount of Foreign Currency on a specified date. 
 “Letter of
Credit” is a standby or commercial letter of credit issued by Bank upon request of Borrower based upon an application, guarantee, indemnity, or similar agreement. 

“Loan ‘Documents” are, collectively, this Agreement, the Warrant, the Perfection Certificate, any Bank
Services Agreement, the Stock Pledge Agreement, the Horizon Subordination Agreement, any note, or notes or guaranties executed by Borrower, and any other present or future agreement between Borrower and/or for the benefit of Bank in connection with
this Agreement, all as amended, restated, or otherwise modified. 
 “Revolving Line” is an Advance or
Advances in an amount equal to Eight Million Dollars ($8,000,000); provided, however, that if, at any time, Borrower’s aggregate revenue (as determined in accordance with GAAP) during the most recently ended three
(3) calendar month period is less than Eight Million Five Hundred Thousand 

  
 5. 

 
Dollars ($8,500,000), then the Revolving Line shall automatically reduce to Five Million Dollars ($5,000,000) until such time that Borrower achieves aggregate revenue (as determined in accordance
with GAAP) of not less than Eight Million Five Hundred Thousand Dollars ($8,500,000) during the most recently ended three (3) calendar month period. 

2.13 Exhibit B (Compliance Certificate). The Compliance Certificate attached to the Loan Agreement as Exhibit B is replaced in
its entirety with the Compliance Certificate attached hereto as Exhibit B. From and after the date hereof, all references in the Loan Agreement to the Compliance Certificate shall mean the Compliance Certificate in the form attached hereto as
Exhibit B. 
 3. Limitation of Amendments. 

3.1 The amendments set forth in Section 2 above are effective for the purposes set forth herein and shall be limited precisely as
written and shall not be deemed to (a) be a consent to any amendment, waiver or modification of any other term or condition of any Loan Document, or (b) otherwise prejudice any right or remedy which Bank may now have or may have in the
future under or in connection with any Loan Document. 
 3.2 This Amendment shall be construed in connection with and as part of the
Loan Documents and all terms, conditions, representations, warranties, covenants and agreements set forth in the Loan Documents, except as herein amended, are hereby ratified and confirmed and shall remain in full force and effect. 

3.3 In addition to those Events of Default specifically enumerated in the Loan Documents, the failure to comply with the terms of any
covenant or agreement contained herein shall constitute an Event of Default and shall entitle the Bank to exercise all rights and remedies provided to the Bank under the terms of any of the other Loan Documents as a result of the occurrence of the
same. 
 4. Representations and Warranties. To induce Bank to enter into this Amendment, Borrower hereby represents and warrants to
Bank as follows: 
 4.1 Immediately after giving effect to this Amendment (a) the representations and warranties contained in the
Loan Documents are true, accurate and complete in all material respects as of the date hereof (except to the extent such representations and warranties relate to an earlier date, in which case they are true and correct as of such date), and
(b) no Event of Default has occurred and is continuing; 
 4.2 Borrower has the power and authority to execute and deliver this
Amendment and to perform its obligations under the Loan Agreement, as amended by this Amendment; 

  
 6. 

 4.3 The organizational documents of Borrower delivered to Bank on the Effective Date and
on September 26, 2013 remain true, accurate and complete and have not been amended, supplemented or restated and are and continue to be in full force and effect; 

4.4 The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan
Agreement, as amended by this Amendment, have been duly authorized; 
 4.5 The execution and delivery by Borrower of this Amendment
and the performance by Borrower of its obligations under the Loan Agreement, as amended by this Amendment, do not and will not contravene (a) any law or regulation binding on or affecting Borrower, (b) any contractual restriction with a
Person binding on Borrower, (c) any order, judgment or decree of any court or other governmental or public body or authority, or subdivision thereof, binding on Borrower, or (d) the organizational documents of Borrower; 

4.6 The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan
Agreement, as amended by this Amendment, do not require any order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by any governmental or public body or authority, or subdivision
thereof, binding on Borrower, except as already has been obtained or made; 
 4.7 This Amendment has been duly executed and delivered
by Borrower and is the binding obligation of Borrower, enforceable against Borrower in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, liquidation, moratorium or other similar laws
of general application and equitable principles relating to or affecting creditors’ rights; and 
 5. Counterparts. This
Amendment may be executed in any number of counterparts and all of such counterparts taken together shall be deemed to constitute one and the same instrument. 

6. Effectiveness. This Amendment shall be deemed effective upon (a) the due execution and delivery to Bank of this Amendment by
each party hereto, (b) Borrower’s payment of a non-refundable amendment fee in the amount of Fifteen Thousand Dollars ($15,000), (c) Bank’s receipt of the Horizon Subordination Agreement substantially in the form attached hereto
as Schedule 1 and dated as of even date herewith, duly executed and delivered by Borrower, Horizon Funding Trust 2013-1, as assignee of Horizon Technology Finance Corporation, as a lender, and in its capacity as collateral agent for the
Subordinated Creditors (as defined therein) and Fortress Credit Opportunities I LP, as assignee of DBD Credit Funding LLC, as a lender, and (d) payment of Bank’s legal fees and expenses in connection with the negotiation and preparation of
this Amendment and the Horizon Subordination Agreement. 
 [Signature page follows.] 

  
 7. 

 IN WITNESS WHEREOF, the parties hereto have
caused this Amendment to be duly executed and delivered as of the date first written above. 
  

			
	BANK:
	
	SILICON VALLEY BANK
		
	By:		 /s/ Matthew Wright

			
	Name:		 Matthew Wright

			
	Title:		 Director

			
	
	BORROWER:
	
	EASIC CORPORATION
		
	By:		 /s/ Ronnie Vasishta

			
	Name:		 Ronnie Vasishta

			
	Title:		 President/CEO

  
 [Signature Page to
Eighth Amendment to Loan and Security Agreement] 

 EXHIBIT B 

COMPLIANCE CERTIFICATE 
  

					
	TO:	 	SILICON VALLEY BANK	 	Date:                                     
   
	FROM:        	 	EASIC CORPORATION	 	

 The undersigned authorized officer of eASIC Corporation (“Borrower”) certifies that under the
terms and conditions of the Loan and Security Agreement between Borrower and Bank (the “Agreement”): 
 (1) Borrower is in
complete compliance for the period ending                                  with
all required covenants except as noted below; (2) there are no Events of Default; (3) all representations and warranties in the Agreement are true and correct in all material respects on this date except as noted below; provided, however,
that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof; and provided, further that those representations and warranties expressly
referring to a specific date shall be true, accurate and complete in all material respects as of such date; (4) Borrower, and each of its Subsidiaries, has timely filed all required tax returns and reports, and Borrower has timely paid all
foreign, federal, state and local taxes, assessments, deposits and contributions owed by Borrower except as otherwise permitted pursuant to the terms of Section 5.9 of the Agreement; and (5) no Liens have been levied or claims made against
Borrower or any of its Subsidiaries relating to unpaid employee payroll or benefits of which Borrower has not previously provided written notification to Bank. 

Attached are the required documents supporting the certification. The undersigned certifies that these are prepared in accordance with GAAP
consistently applied from one period to the next except as explained in an accompanying letter or footnotes. The undersigned acknowledges that no borrowings may be requested at any time or date of determination that Borrower is not in compliance
with any of the terms of the Agreement, and that compliance is determined not just at the date this certificate is delivered. Capitalized terms used but not otherwise defined herein shall have the meanings given them in the Agreement. 

Please indicate compliance status by circling Yes/No under “Complies” column. 

 

					
	 Reporting Covenant
	  	 Required
	 	 Complies

	Monthly financial statements with Compliance Certificate (“CC”)	  	Monthly within 30 days	 	Yes        No
			
	Annual financial statement (Company Prepared)	  	FYE within 30 days	 	Yes        No
			
	Annual financial statement (CPA Audited) + CC	  	FYE within 180 days*	 	Yes        No
			
	Annual Board-Approved financial projections	  	Annually within 10 days of approval	 	Yes        No
			
	Transaction Reports	  	Weekly at all times that any Advances are outstanding	 	Yes        No
			
	Statements of Cash Balances at Foreign Deposit Accounts	  	Monthly within 30 days	 	Yes        No
			
	10-Q, 10-K and 8-K	  	Within 5 days after filing with SEC	 	Yes        No
			
	Borrowing Base Certificate A/R & A/P Agings	  	Monthly within 30 days	 	Yes        No
			
	*FYE 2012 and 2013 annual financial statements due 12/31/2014	  		 	

  

													
	 Financial Covenant
	  	 Required
	 	  	 Actual
	 	  	 Complies
	 
	 Maintain on a Quarterly Basis:
	  				  				  			
	 Minimum Revenue
	  				  				  			
	 June 30, 2014
	  	$	9,610,000	  	  	$	            	  	  	 	Yes        No	  
	 September 30, 2014
	  	$	10,240,000	  	  	$	            	  	  	 	Yes        No	  
	 December 31, 2014
	  	$	10,960,000	  	  	$	            	  	  	 	Yes        No	  

  
 Exhibit B – Page 1.

											
	 March 31, 2015
	  	To be
determined
based on
Borrower’s FY
2015 board-
approved plan	  	$	            	  	  	 	Yes        No	  

  

									
	 Amount of Revolving Loan
	 
	 Aggregate Revenue
	  	Revolving Loan	 	  	Applies	 
	 Aggregate revenue (as determined in accordance with GAAP) for the most recently ended three (3) calendar month period 3 $8,500,000
	  	$	8,000,000	  	  	 	Yes        No	  
	 Aggregate revenue (as determined in accordance with GAAP) for the most recently ended three (3) calendar month period <
$8,500,000
	  	$	5,000,000	  	  	 	Yes        No	  

 The following financial covenant analysis and information set forth in Schedule 1 attached hereto are true and
accurate as of the date of this Certificate. 
 The following are the exceptions with respect to the certificate above: (If no exceptions
exist, state “No exceptions to note.”) 
  
  

 
  
  

 

 

 EASIC CORPORATION 
  

			
	By:	  	 

			
	Name:	  	 

			
	Title:	  	 

 

 BANK USE ONLY 
  

			
	Received by:	  	 
		  	AUTHORIZED SIGNER

			
	Date:	  	 

			
		
	Verified:	  	 
		  	AUTHORIZED SIGNER

			
	Date:	  	 

					
			
	Compliance Status:	  	Yes	  	No

 
 

  
 Exhibit B – Page 2.

 Schedule 1 to Compliance Certificate 

Financial Covenants of Borrower 

In the event of a conflict between this Schedule and the Loan Agreement, the terms of the Loan Agreement shall govern. 

Dated:
                                        

 Minimum Revenue (Section 6.12(a)) 
  

	Required:	Commencing with the calendar quarter ending June 30, 2014, and as of the last day of each calendar quarter thereafter, aggregate revenue (as determined in accordance with GAAP), measured on a cumulative basis for
calendar quarter then ended, of at least the following amounts at the following times: 

  

			
	 Quarter Ending
	  	 Required Minimum Revenue

	June 30, 2014	  	$9,610,000
	September 30, 2014	  	$10,240,000
	December 31, 2014	  	$10,960,000
	March 31, 2015 and thereafter	  	To be determined based on Borrower’s 
FY 2015 board-approved plan

 Actual:
                                        

  

							
			
	A.	  	Aggregate revenue (as determined in accordance with GAAP) for the quarter then ended on a cumulative basis	  	 	$            	  

 Is line A equal to or greater than the required amount above? 

 

			
	                     No, not in compliance	  	                     Yes, in compliance

  
 Exhibit B – Page 1

 TENTH AMENDMENT TO 

LOAN AND SECURITY AGREEMENT 

THIS TENTH AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Amendment”) is entered into as of the 12th day of September, 2014, by and between SILICON VALLEY BANK (“Bank”) and EASIC CORPORATION, a Delaware corporation (“Borrower”) whose address is
2585 Augustine Drive, Suite 100, Santa Clara, California 95054. 
 RECITALS 

A. Bank and Borrower have entered into that certain Loan and Security Agreement dated as of September 29, 2010 (as the same may
from time to time be further amended, modified, supplemented or restated, the “Loan Agreement”). 
 B. Bank has
extended credit to Borrower for the purposes permitted in the Loan Agreement. 
 C. Borrower, Horizon Funding Trust 2013-1
(“Horizon Trust”), as assignee of Horizon Technology Finance Corporation (“Horizon” and, in its capacity as collateral agent for each Existing Subordinated Horizon Creditor (as hereinafter defined), the
“Horizon Collateral Agent”), and Fortress Credit Opportunities I LP (“FCO”; together with Horizon Collateral Agent and Horizon Trust, each an “Existing Subordinated Horizon Creditor”, and
collectively, the “Existing Subordinated Horizon Creditors”), as assignee of DBD Credit Funding LLC (“DBD”) are parties to a certain Venture Loan and Security Agreement dated as of September 30, 2013 (as may be
amended, modified, supplemented or restated from time to time, the “Existing Subordinated Horizon Loan Agreement”) pursuant to which, among other things, (i) Horizon provided a loan to Borrower as evidenced by a certain Secured
Promissory Note (Loan A) executed by Borrower in favor of Horizon dated September 30, 2013, in the original principal amount of Two Million Dollars ($2,000,000) (the “Subordinated Horizon Loan A Note”) (such term loan
hereinafter being called the “Subordinated Horizon Loan A”), (ii) DBD provided a loan to Borrower as evidenced by a certain Secured Promissory Note (Loan B) executed by Borrower in favor of DBD dated September 30, 2013, in
the original principal amount of Four Million Dollars ($4,000,000) (the “Subordinated Horizon Loan B Note” and collectively with the Subordinated Horizon Loan A Note, the “Existing Subordinated Horizon Notes”) (such
term loan hereinafter being called the “Subordinated Horizon Loan B”) and (iii) each Existing Subordinated Horizon Creditor has been granted a security interest in substantially all personal property assets of Borrower, except
with respect to Borrower’s Intellectual Property (such loan transaction hereinafter being called the “Subordinated Horizon Loan Transaction”). Bank consented to the Subordinated Horizon Loan Transaction pursuant to the terms
and conditions of that certain Eighth Amendment to Loan and Security Agreement dated September 26, 2013 by and between Borrower and Bank (the “Eighth Amendment”). 

D. Horizon transferred all of its right, title and interest in and to the Subordinated Horizon Loan A Note and the Existing
Subordinated Horizon Loan Agreement to Horizon Funding 2013-1 LLC (“Horizon Funding”) on or about June 28, 2014, and Horizon Funding subsequently sold all of its right, title and interest in and to the Subordinated Horizon Loan
A Note and the Existing Subordinated Horizon Loan Agreement to Horizon Trust on or about June 28, 2014. DBD transferred all of its right, title and interest in and to the Subordinated Horizon Loan B Note and the Existing Subordinated Horizon
Loan Agreement to FCO on or about September 30, 2013. 

 E. Bank, Horizon and DBD previously entered into that certain Subordination Agreement
dated as of September 30, 2013, which was subsequently amended., restated and replaced by that certain Amended and Restated Subordination Agreement dated as of June 9, 2014 by and among Bank and the Existing Subordinated Horizon Creditors
(as may be amended, modified, supplemented or restated from time to time, the “Existing Horizon Subordination Agreement”). 

F. The Existing Subordinated Horizon Creditors and DBD (collectively, the “Subordinated Horizon Creditors”) and
Borrower contemplate increasing the aggregate principal amount of the Subordinated Horizon Loan Transaction from an aggregate principal amount of Six Million Dollars ($6,000,000) to Nine Million Dollars ($9,000,000) (the “Increased Horizon
Loan Maximum”) by entering into that certain Amended and Restated Venture Loan and Security Agreement dated as of September 12, 2014 (as the same may be amended, modified, supplemented or restated from time to time, the
“Restated Subordinated Horizon Loan Agreement”) (such secured term loans not exceeding the Increased Horizon Loan Maximum, in the aggregate, as evidenced by the Restated Subordinated Horizon Loan Agreement, hereinafter being called
the “Subordinated Horizon Loans”). The Restated Subordinated Horizon Loan Agreement will amend, restate and replace the Existing Subordinated Horizon Loan Agreement in its entirety. 

G. Borrower has requested that Bank (i) consent to the Increased Horizon Loan Maximum as it relates to the Subordinated Horizon
Loans and (ii) amend the Loan Agreement to make certain revisions to the Loan Agreement as more fully set forth herein. 
 H.
Although Bank is under no obligation to do so, Bank is willing to consent to the Increased Horizon Loan Maximum and amend certain provisions of the Loan Agreement as more fully set forth herein, but only to the extent, in accordance with the
terms, subject to the conditions and in reliance upon the representations and warranties set forth below. 

AGREEMENT 

NOW, THEREFORE, in consideration of the foregoing recitals and other good and valuable consideration, the receipt and adequacy of which is
hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows: 
 1. Definitions. Capitalized terms used
but not defined in this Amendment shall have the meanings given to them in the Loan Agreement. 
 2. Increased Horizon Loan Maximum.

 2.1 Consent. Subject to the express terms of Section 7 below, Bank hereby (a) consents to the Increased Horizon
Loan Maximum as it relates to the Subordinated Horizon Loans, (b) agrees that the Subordinated Horizon Loans shall constitute “Permitted Indebtedness” under the Loan Agreement (pursuant to the terms of the Restated Horizon
Subordination 

  
 2. 

 
Agreement (as defined below)) to the extent the aggregate principal amount advanced under the Subordinated Horizon Loans does not exceed the Increased Horizon Loan Maximum, and (c) agrees
that the Liens in favor of the Horizon Collateral Agent and the Subordinated Horizon Creditors to secure the Subordinated Horizon Loans shall be considered a “Permitted Lien” under the Loan Agreement (pursuant to the terms of the Restated
Horizon Subordination Agreement) to the extent the aggregate principal amount secured thereby does not exceed the Increased Horizon Loan Maximum. The consent set forth in this Section shall not be deemed or otherwise construed to constitute a
consent or waiver of any provisions of the Loan Agreement or any other Loan Document in connection with any other transaction other than as specifically set forth in this Amendment. 

2.2 Restated Horizon Subordination Agreement. Borrower has read, reviewed and approved all of the terms of the Restated Horizon
Subordination Agreement. Bank and Borrower hereby agree that the Restated Horizon Subordination Agreement shall be included in the term “Loan Documents” as defined in the Loan Agreement. 

2.3 Covenants and Defaults. Bank and Borrower hereby acknowledge and agree that (a) Borrower shall not amend, modify or
supplement any of the Subordinated Horizon Loan Documents (as defined below) in a manner which would (i) increase the aggregate principal amount of Subordinated Horizon Loans beyond the Increased Horizon Loan Maximum, (ii) increase any
applicable interest rate with respect to the Indebtedness owing under the Subordinated Horizon Loans by more than 200 basis points (excluding increases based solely on (A) changes to the prime rate or any other index and (B) the imposition
of the default rate of interest in accordance with the Subordinated Horizon Loan Documents), (iii) change the terms of principal or interest repayment with respect to the Indebtedness owing under the Subordinated Horizon Loans, (iv) change
the payment schedule with respect to the Indebtedness owing under the Subordinated Horizon Loans, (v) add express conditions that directly restrict the payment of the Obligations, (vi) change the maturity date with respect to the
Indebtedness owing under the Subordinated Horizon Loans from that set forth in the Subordinated Horizon Loan Documents in effect as of September 12, 2014 (the “Subordinated Horizon Loan Documents Execution Date”) or
(vii) change the definition of Collateral set forth in the Subordinated Horizon Loan Documents from the definition in effect as of the Subordinated Horizon Loan Documents Execution Date; (b) the occurrence of a default under the
Subordinated Horizon Loan Documents (if such default is not waived, or otherwise cured within any applicable grace period provided therein) shall be an Event of Default under the Loan Agreement; and (c) any breach of the Restated Horizon
Subordination Agreement by Horizon Collateral Agent and/or any of the Subordinated Horizon Creditors shall be an Event of Default under the Loan Agreement (if such breach is not otherwise cured within any applicable grace period). 

3. Amendments to Loan Agreement. 

3.1 Section 12.1 (Termination Prior to Revolving Line Maturity Date; Survival). Section 12.1 of the Loan Agreement is
hereby amended by adding the following sentence immediately at the end of such Section: 
 If such termination is at Borrower’s election
or at Bank’s election due to the occurrence and continuance of an Event of Default, Borrower shall pay to Bank, in addition to the 

  
 3. 

 
payment of any other expenses or fees then-owing, a termination fee in an amount equal to Seventy-Five Thousand Dollars ($75,000), provided, that no termination fee shall be charged if the credit
facility hereunder is replaced with a new facility from another division of Bank. 
 3.2 Section 13 (Definitions). 

(a) The following terms and its definition are hereby added in alphabetical order to Section 13.1 of the Loan Agreement as follows: 

“Restated Horizon Subordination Agreement” means that certain Second Amended and Restated Subordination
Agreement dated as of September 12, 2014, by and among Bank, Borrower, Horizon Technology Finance Corporation, as a lender, and in its capacity as collateral agent for the Subordinated Creditors (as defined therein), Horizon Funding Trust
2013-1, DBD Credit Funding LLC and Fortress Credit Opportunities I LP, as the same may be amended, modified, supplemented or restated from time to time. 

4. Limitation of Consent and Amendments. 

4.1 The consent set forth in Section 2 and the amendments set forth in Section 3 above are effective for the purposes set
forth herein and shall be limited precisely as written and shall not be deemed to (a) be a consent to any amendment, waiver or modification of any other term or condition of any Loan Document, or (b) otherwise prejudice any right or remedy
which Bank may now have or may have in the future under or in connection with any Loan Document. 
 4.2 This Amendment shall be
construed in connection with and as part of the Loan Documents and all terms, conditions, representations, warranties, covenants and agreements set forth in the Loan Documents, except as herein amended, are hereby ratified and confirmed and shall
remain in full force and effect. 
 4.3 In addition to those Events of Default specifically enumerated in the Loan Documents, the
failure to comply with the terms of any covenant or agreement contained herein shall constitute an Event of Default and shall entitle the Bank to exercise all rights and remedies provided to the Bank under the terms of any of the other Loan
Documents as a result of the occurrence of the same. 
 5. Representations and Warranties. To induce Bank to enter into this
Amendment, Borrower hereby represents and warrants to Bank as follows: 
 5.1 Immediately after giving effect to this Amendment
(a) the representations and warranties contained in the Loan Documents are true, accurate and complete in all material respects as of the date hereof (except to the extent such representations and warranties relate to an earlier date, in which
case they are true and correct as of such date), and (b) no Event of Default has occurred and is continuing; 

  
 4. 

 5.2 Borrower has the power and authority to execute and deliver this Amendment and to
perform its obligations under the Loan Agreement, as amended by this Amendment; 
 5.3 The organizational documents of Borrower
delivered to Bank on the Effective Date and on September 26, 2013 remain true, accurate and complete and have not been amended, supplemented or restated and are and continue to be in full force and effect; 

5.4 The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan
Agreement, as amended by this Amendment, have been duly authorized; 
 5.5 The execution and delivery by Borrower of this Amendment
and the performance by Borrower of its obligations under the Loan Agreement, as amended by this Amendment, do not and will not contravene (a) any law or regulation binding on or affecting Borrower, (b) any contractual restriction with a
Person binding on Borrower, (c) any order, judgment or decree of any court or other governmental or public body or authority, or subdivision thereof, binding on Borrower, or (d) the organizational documents of Borrower; 

5.6 The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan
Agreement, as amended by this Amendment, do not require any order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by any governmental or public body or authority, or subdivision
thereof, binding on Borrower, except as already has been obtained or made; 
 5.7 This Amendment has been duly executed and delivered
by Borrower and is the binding obligation of Borrower, enforceable against Borrower in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, liquidation, moratorium or other similar laws
of general application and equitable principles relating to or affecting creditors’ rights; and 
 5.8 Attached as Schedule
1 are true, complete and correct copies of all of the documents relating to, evidencing or securing the Subordinated Horizon Loans, including all amendments, supplements and other modifications thereto (the “Subordinated Horizon Loan
Documents”). 
 6. Counterparts. This Amendment may be executed in any number of counterparts and all of such counterparts
taken together shall be deemed to constitute one and the same instrument. 
 7. Effectiveness. This Amendment shall be deemed
effective upon (a) the due execution and delivery to Bank of this Amendment by each party hereto, (b) Bank’s receipt of the Subordinated Horizon Loan Documents, (c) Bank’s receipt of the Restated Horizon Subordination
Agreement substantially in the form attached hereto as Schedule 2 and dated as of even date herewith, duly executed and delivered by Borrower, Horizon Collateral Agent and each of the Subordinated Horizon Creditors, and (d) payment of
Bank’s legal fees and expenses 

  
 5. 

 
in connection with the negotiation and preparation of this Amendment, the Restated Horizon Subordination Agreement and the review of the Subordinated Horizon Loan Documents. 

[Signature page follows.] 

  
 6. 

 IN WITNESS WHEREOF, the
parties hereto have caused this Amendment to be duly executed and delivered as of the date first written above. 
  

			
	 BANK:
  

SILICON VALLEY BANK

		
	By:		/s/ Matthew Wright
	Name:		Matthew Wright
	Title:		Director

  

			
	 BORROWER:
  

EASIC CORPORATION

		
	By:		/s/ Ronnie Vasishta
	Name:		Ronnie Vasishta
	Title:		CEO

  
 [Signature Page to
Tenth Amendment to Loan and Security Agreement] 

 ELEVENTH AMENDMENT TO 

LOAN AND SECURITY AGREEMENT 

THIS ELEVENTH AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Amendment”) is entered into this 4th day of December, 2014, by and between SILICON VALLEY BANK (“Bank”) and EASIC CORPORATION, a Delaware corporation (“Borrower”) whose address is 2585 Augustine
Drive, Suite 100, Santa Clara, California 95054. 
 RECITALS 

A. Bank and Borrower have entered into that certain Loan and Security Agreement dated as of September 29, 2010 (as the same may
from time to time be further amended, modified, supplemented or restated, the “Loan Agreement”). 
 B. Bank has
extended credit to Borrower for the purposes permitted in the Loan Agreement. 
 C. Borrower has requested that Bank amend the Loan
Agreement to (i) extend the Revolving Line Maturity Date, and (ii) make certain other revisions to the Loan Agreement as more fully set forth herein. 

D. Although Bank is under no obligation to do so, Bank is willing to amend certain provisions of the Loan Agreement as more fully set
forth herein, but only to the extent, in accordance with the terms, subject to the conditions and in reliance upon the representations and warranties set forth below. 

AGREEMENT 

NOW, THEREFORE, in consideration of the foregoing recitals and other good and valuable consideration, the receipt and adequacy of which is
hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows: 
 1. Definitions. Capitalized terms used
but not defined in this Amendment shall have the meanings given to them in the Loan Agreement. 
 2. Amendments to Loan Agreement.

 2.1 Section 6.6 (Access to Collateral; Books and Records). The second sentence of Section 6.6 of the Loan Agreement
is hereby amended by deleting such sentence in its entirety, and replacing it with the following: 
 Provided no Event of Default has
occurred and is continuing, such audits shall be conducted no more than once every twelve (12) months. 

 2.2 Section 6.8 (Operating Accounts). Section 6.8(a) of the Loan Agreement is
hereby amended in its entirety and replaced with the following: 
 (a) Maintain all of its and all of its Subsidiaries’
primary operating and investment accounts with Bank and Bank’s Affiliates except for its foreign deposit accounts with the banks or financial institutions listed on the Perfection Certificate (individually, a “Foreign Deposit
Account”, and collectively, the “Foreign Deposit Accounts”); provided, that the Foreign Deposit Accounts shall not contain deposits having a value of more than Eight Hundred Thousand Dollars ($800,000) in the aggregate at
any time. 
 2.3 Section 6.12 (Financial Covenants). Section 6.12 of the Loan Agreement is hereby amended by deleting it in
its entirety and replacing it with the following: 
 6.12 Financial Covenants. Maintain at all times, subject to periodic reporting
as of the last day of each month, unless otherwise noted, on a consolidated basis with respect to Borrower: 
 (a) Minimum
Revenue. Commencing with the calendar quarter ending December 31, 2014, and as of the last day of each calendar quarter thereafter, aggregate revenue (as determined in accordance with GAAP), measured on a cumulative basis for the calendar
quarter then ended, of at least the following amounts at the following times: 
  

			
	 Quarter Ending
	  	 Required Minimum Revenue

	December 31, 2014	  	$10,960,000
	March 31, 2015	  	$15,394,000
	June 30, 2015	  	$16,119,000
	September 30, 2015	  	$16,457,000
	December 31, 2015	  	$17,780,000
	March 31, 2016	  	$18,000,000
	June 30, 2016	  	$18,000,000
	September 30, 2016	  	$18,000,000
	December 31, 2016	  	$18,000,000

 2.4 Section 8.2 (Covenant Default). Section 8.2(a) of the Loan Agreement is hereby amended by
deleting it in its entirety and replacing it with the following: 

  
 2 

 (a) Borrower fails or neglects to perform any obligation in Sections 6.2, 6.5,
6.6, 6.7, 6.8, 6.9(b), 6.12, or violates any covenant in Section 7; or 
 2.5 Section 13 (Definitions). 

(a) The definition of “Revolving Line Maturity Date” set forth in Section 13.1 of the Loan Agreement is hereby amended in
its entirety and replaced with the following: 
 “Revolving Line Maturity Date” is September 25, 2016. 

(b) The definition of “Eligible Accounts” set forth in Section 13.1 of the Loan Agreement is hereby amended by deleting
clause (v) in its entirety and replacing it with the following: 
 (v) Accounts owing from an Account Debtor, whose
total obligations to Borrower exceed thirty percent (30.0%) of all Accounts, except for (i) Ericsson and Arrow for which such percentage is seventy percent (70.0%), and (ii) Seagate and Cal-Comp for which such percentage is sixty
percent (60.0%), for the amounts that exceed that percentage, unless Bank approves in writing; and 
 2.6 Eleventh Amendment Fee.
Borrower shall pay to Bank on or before September 26, 2016, a non-refundable amendment fee of Forty Thousand Dollars ($40,000) which has been fully earned by Bank as of December 4, 2014 (the “Eleventh Amendment Fee”).
Notwithstanding the foregoing or anything to the contrary in the Loan Documents, in the event the Loan Agreement is terminated prior to the Revolving Line Maturity Date in accordance with Section 12.1 of the Loan Agreement, then in addition to
the payment of the early termination fee (and any other fees and expenses then-owing) as more fully described in Section 12.1 of the Loan Agreement, Borrower shall pay the Eleventh Amendment Fee to Bank on the date of such termination; provided
that no Eleventh Amendment Fee shall be charged if the credit facility under the Loan Agreement is replaced with a new facility from another division of Bank. 

2.7 Exhibit B (Compliance Certificate). The Compliance Certificate attached to the Loan Agreement as Exhibit B is replaced in its
entirety with the Compliance Certificate attached hereto as Exhibit B. From and after the date hereof, all references in the Loan Agreement to the Compliance Certificate shall mean the Compliance Certificate in the form attached hereto as
Exhibit B. 
 3. Limitation of Amendments. 

3.1 The amendments set forth in Section 2 above are effective for the purposes set forth herein and shall be limited precisely as
written and shall not be deemed to (a) be a consent to any amendment, waiver or modification of any other term or condition of any Loan Document, or (b) otherwise prejudice any right or remedy which Bank may now have or may have in the
future under or in connection with any Loan Document. 
 3.2 This Amendment shall be construed in connection with and as part of the
Loan Documents and all terms, conditions, representations, warranties, covenants and 

  
 3 

 
agreements set forth in the Loan Documents, except as herein amended, are hereby ratified and confirmed and shall remain in full force and effect. 

3.3 In addition to those Events of Default specifically enumerated in the Loan Documents, the failure to comply with the terms of any
covenant or agreement contained herein shall constitute an Event of Default and shall entitle the Bank to exercise all rights and remedies provided to the Bank under the terms of any of the other Loan Documents as a result of the occurrence of the
same. 
 4. Representations and Warranties. To induce Bank to enter into this Amendment, Borrower hereby represents and warrants to
Bank as follows: 
 4.1 Immediately after giving effect to this Amendment (a) the representations and warranties contained in the
Loan Documents are true, accurate and complete in all material respects as of the date hereof (except to the extent such representations and warranties relate to an earlier date, in which case they are true and correct as of such date), and
(b) no Event of Default has occurred and is continuing; 
 4.2 Borrower has the power and authority to execute and deliver this
Amendment and to perform its obligations under the Loan Agreement, as amended by this Amendment; 
 4.3 The organizational documents
of Borrower delivered to Bank on the Effective Date and on September 26, 2013 remain true, accurate and complete and have not been amended, supplemented or restated and are and continue to be in full force and effect; 

4.4 The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan
Agreement, as amended by this Amendment, have been duly authorized; 
 4.5 The execution and delivery by Borrower of this Amendment
and the performance by Borrower of its obligations under the Loan Agreement, as amended by this Amendment, do not and will not contravene (a) any law or regulation binding on or affecting Borrower, (b) any contractual restriction with a
Person binding on Borrower, (c) any order, judgment or decree of any court or other governmental or public body or authority, or subdivision thereof, binding on Borrower, or (d) the organizational documents of Borrower; 

4.6 The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan
Agreement, as amended by this Amendment, do not require any order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by any governmental or public body or authority, or subdivision
thereof, binding on Borrower, except as already has been obtained or made; and 
 4.7 This Amendment has been duly executed and
delivered by Borrower and is the binding obligation of Borrower, enforceable against Borrower in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, liquidation, moratorium or other
similar laws of general application and equitable principles relating to or affecting creditors’ rights. 

  
 4 

 5. Counterparts. This Amendment may be executed in any number of counterparts and all of
such counterparts taken together shall be deemed to constitute one and the same instrument. 
 6. Effectiveness. This Amendment shall
be deemed effective upon (a) the due execution and delivery to Bank of this Amendment by each party hereto, and (b) payment of Bank’s legal fees and expenses in connection with the negotiation and preparation of this Amendment. 

[Signature page follows.] 

  
 5 

 IN WITNESS WHEREOF, the
parties hereto have caused this Amendment to be duly executed and delivered as of the date first written above. 
  

			
	BANK:
	
	SILICON VALLEY BANK
		
	By:		 /s/ Matthew Wright

	Name:		 Matthew Wright

	Title:		 Director

	
	BORROWER:
	
	EASIC CORPORATION
		
	By:		 /s/ Ronnie Vasishta

	Name:		 Ronnie Vasishta

	Title:		 CEO

 EXHIBIT B 

COMPLIANCE CERTIFICATE 
  

					
	TO:	 	SILICON VALLEY BANK	 	Date:                                     
   
	FROM:        	 	EASIC CORPORATION	 	

 The undersigned authorized officer of eASIC Corporation (“Borrower”) certifies that under the
terms and conditions of the Loan and Security Agreement between Borrower and Bank (the “Agreement”): 
 (1) Borrower
is in complete compliance for the period ending                              with all required
covenants except as noted below; (2) there are no Events of Default; (3) all representations and warranties in the Agreement are true and correct in all material respects on this date except as noted below; provided, however, that such
materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof; and provided, further that those representations and warranties expressly referring to a
specific date shall be true, accurate and complete in all material respects as of such date; (4) Borrower, and each of its Subsidiaries, has timely filed all required tax returns and reports, and Borrower has timely paid all foreign, federal,
state and local taxes, assessments, deposits and contributions owed by Borrower except as otherwise permitted pursuant to the terms of Section 5.9 of the Agreement; and (5) no Liens have been levied or claims made against Borrower or any
of its Subsidiaries relating to unpaid employee payroll or benefits of which Borrower has not previously provided written notification to Bank. 

Attached are the required documents supporting the certification. The undersigned certifies that these are prepared in accordance with GAAP
consistently applied from one period to the next except as explained in an accompanying letter or footnotes. The undersigned acknowledges that no borrowings may be requested at any time or date of determination that Borrower is not in compliance
with any of the terms of the Agreement, and that compliance is determined not just at the date this certificate is delivered. Capitalized terms used but not otherwise defined herein shall have the meanings given them in the Agreement. 

Please indicate compliance status by circling Yes/No under “Complies” column. 

 

					
	 Reporting Covenant
	  	 Required
	 	 Complies

	Monthly financial statements with Compliance Certificate (“CC”)	  	Monthly within 30 days	 	Yes        No
			
	Annual financial statement (Company Prepared)	  	FYE within 30 days	 	Yes        No
			
	Annual financial statement (CPA Audited) + CC	  	FYE within 180 days*	 	Yes        No
			
	Annual Board-Approved financial projections	  	Annually within 10 days of approval	 	Yes        No
			
	Transaction Reports	  	 Weekly at all times that any Advances
 are
outstanding
	 	Yes        No
			
	Statements of Cash Balances at Foreign Deposit Accounts	  	Monthly within 30 days	 	Yes        No
			
	10-Q, 10-K and 8-K	  	Within 5 days after filing with SEC	 	Yes        No
			
	Borrowing Base Certificate A/R & A/P Agings	  	Monthly within 30 days	 	Yes        No
			
	*FYE 2012 and 2013 annual financial statements due 12/31/2014	  		 	

  

													
	 Financial Covenant
	  	 Required
	 	  	 Actual
	 	  	 Complies
	 
	 Maintain on a Quarterly Basis:
	  				  				  			
	 Minimum Revenue
	  				  				  			
	 December 31, 2014
	  	$	10,960,000	  	  	$	            	  	  	 	Yes        No	  
	 March 31, 2015
	  	$	15,394,000	  	  	$	            	  	  	 	Yes        No	  
	 June 30, 2015
	  	$	16,119,000	  	  	$	            	  	  	 	Yes        No	  

  
 Exhibit B – Page 1

													
	 September 30, 2015
	  	$	16,457,000	  	  	$	            	  	  	 	Yes        No	  
	 December 31, 2015
	  	$	17,780,000	  	  	$	            	  	  	 	Yes        No	  
	 March 31, 2016
	  	$	18,000,000	  	  	$	            	  	  	 	Yes        No	  
	 June 30, 2016
	  	$	18,000,000	  	  	$	            	  	  	 	Yes        No	  
	 September 30, 2016
	  	$	18,000,000	  	  	$	            	  	  	 	Yes        No	  
	 December 31, 2016
	  	$	18,000,000	  	  	$	            	  	  	 	Yes        No	  

  

									
	 Amount of Revolving Loan
	 
	 Aggregate Revenue
	  	Revolving
Loan	 	  	Applies	 
	 Aggregate revenue (as determined in accordance with GAAP) for the most recently ended three (3) calendar month period 3 $8,500,000
	  	$	8,000,000	  	  	 	Yes        No	  
	 Aggregate revenue (as determined in accordance with GAAP) for the most recently ended three (3) calendar month period <
$8,500,000
	  	$	5,000,000	  	  	 	Yes        No	  

 The following financial covenant analysis and information set forth in Schedule 1 attached hereto are true and
accurate as of the date of this Certificate. 
 The following are the exceptions with respect to the certification above: (If no exceptions
exist, state “No exceptions to note.”) 
  
  

 
  
  

 

 

 EASIC CORPORATION 
  

			
	By:	  	 

			
	Name:	  	 

			
	Title:	  	 

 

 BANK USE ONLY 
  

			
	Received by:	  	 
		  	AUTHORIZED SIGNER

			
	Date:	  	 

			
		
	Verified:	  	 
		  	AUTHORIZED SIGNER

			
	Date:	  	 

					
			
	Compliance Status:	  		  	Yes        No

 
 

  

  
 Exhibit B – Page 2

 Schedule 1 to Compliance Certificate 

Financial Covenants of Borrower 

In the event of a conflict between this Schedule and the Loan Agreement, the terms of the Loan Agreement shall govern. 

Dated:
                                        

 Minimum Revenue (Section 6.12(a)) 
  

	Required:	Commencing with the calendar quarter ending December 31, 2014, and as of the last day of each calendar quarter thereafter, aggregate revenue (as determined in accordance with GAAP), measured on a cumulative basis
for the calendar quarter then ended, of at least the following amounts at the following times: 

  

			
	 Quarter Ending
	  	 Required Minimum Revenue

	December 31, 2014	  	$10,960,000
	March 31, 2015	  	$15,394,000
	June 30, 2015	  	$16,119,000
	September 30, 2015	  	$16,457,000
	December 31, 2015	  	$17,780,000
	March 31, 2016	  	$18,000,000
	June 30, 2016	  	$18,000,000
	September 30, 2016	  	$18,000,000
	December 31, 2016	  	$18,000,000

 Actual:              

 

							
			
	A.	  	Aggregate revenue (as determined in accordance with GAAP) for the calendar quarter then ended on a cumulative basis	  	 	$            	  

 Is line A equal to or greater than the required amount above? 

 

			
	                     No, not in compliance	  	                     Yes, in compliance

  
 Schedule 1 to Exhibit
B 

 TWELFTH AMENDMENT TO  

LOAN AND SECURITY AGREEMENT 

THIS TWELFTH AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Amendment”) is entered into this 30th day of June, 2015, by and between SILICON VALLEY BANK (“Bank”) and EASIC CORPORATION, a Delaware corporation (“Borrower”) whose address is 2585
Augustine Drive, Suite 100, Santa Clara, California 95054. 
 RECITALS 

A. Bank and Borrower have entered into that certain Loan and Security Agreement dated as of September 29, 2010 (as the same may
from time to time be further amended, modified, supplemented or restated, the “Loan Agreement”). 
 B. Bank
has extended credit to Borrower for the purposes permitted in the Loan Agreement. 
 C. Borrower is currently in default under
Section 8.7 of the Loan Agreement for failing to obtain the prior consent of certain lenders under that certain the Restated Subordinated Horizon Loan Agreement (as such term is defined in Recital C of the Tenth Amendment to Loan and Security
Agreement by and between Bank and Borrower dated as of September 12, 2014) to the Tax Reorganization and Transfer Pricing arrangements (as such terms are defined below) and related amendments thereunder (the “Existing
Default”), and such failure to comply constitutes an Event of Default. 
 D. Borrower has requested that Bank
(i) waive the Existing Default and (ii) amend the Loan Agreement to (a) modify the Minimum Revenue financial covenant, and (b) make certain other revisions to the Loan Agreement as more fully set forth herein. 

E. Although Bank is under no obligation to do so, Bank is willing to waive the Existing Default and amend certain provisions of the
Loan Agreement as more fully set forth herein, but only to the extent, in accordance with the terms, subject to the conditions and in reliance upon the representations and warranties set forth below. 

AGREEMENT 

NOW, THEREFORE, in consideration of the foregoing recitals and other good and valuable consideration, the receipt and adequacy of which is
hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows: 
 1. Definitions. Capitalized terms
used but not defined in this Amendment shall have the meanings given to them in the Loan Agreement. 

  
 1. 

 2. Amendments to Loan Agreement. 

2.1 Section 5.4 (Litigation). Section 5.4 of the Loan Agreement is hereby amended by deleting it in its entirety and replacing
it with the following: 
 5.4 Litigation. There are no actions or proceedings pending or, to the knowledge of
any Responsible Officer, threatened in writing by or against Borrower or any of its Subsidiaries involving more than, individually or in the aggregate, Three Hundred Fifty Thousand Dollars ($350,000). 

2.2 Section 6.2 (Financial Statements, Reports, Certificates). Section 6.2(k) of the Loan Agreement is hereby amended by
deleting it in its entirety and replacing it with the following: 
 (k) prompt report of any legal actions pending or
threatened in writing against Borrower or any of its Subsidiaries that could result in damages or costs to Borrower or any of its Subsidiaries of, individually or in the aggregate, Three Hundred Fifty Thousand Dollars ($350,000) or more; and 

2.3 Section 6.12 (Financial Covenants). Section 6.12 of the Loan Agreement is hereby amended by deleting it in its entirety
and replacing it with the following: 
 6.12 Financial Covenants. 

(a) Minimum Revenue. Maintain at all times, to be tested as of the last day of each calendar quarter, on a consolidated
basis with respect to Borrower and its Subsidiaries, aggregate revenue (as determined in accordance with GAAP), measured on a cumulative basis for the calendar quarter then ended, of at least the following amounts at the following times: 

 

					
	 Quarter Ending
	  	Required Minimum Revenue	 
	 June 30, 2015
	  	$	14,500,000	  
	 September 30, 2015
	  	$	16,457,000	  
	 December 31, 2015
	  	$	17,780,000	  
	 March 31, 2016
	  	$	18,000,000	  
	 June 30, 2016
	  	$	18,000,000	  
	 September 30, 2016
	  	$	18,000,000	  
	 December 31, 2016
	  	$	18,000,000	  

  
 2. 

 2.4 Section 7.1 (Dispositions). Section 7.1 of the Loan Agreement is hereby
amended by deleting it in its entirety and replacing it with the following: 
 7.1 Dispositions. Convey, sell,
lease, transfer, assign, or otherwise dispose of (collectively, “Transfer”), or permit any of its Subsidiaries to Transfer, all or any part of its business or property, except for Transfers (a) of Inventory in the ordinary
course of business; (b) of worn-out or obsolete Equipment that is, in the reasonable judgment of Borrower, no longer economically practicable to maintain or useful in the ordinary course of business of Borrower; (c) consisting of Permitted
Liens and Permitted Investments; (d) consisting of the sale or issuance of any stock of Borrower permitted under Section 7.2 of this Agreement; (e) consisting of Borrower’s use or transfer of money or Cash Equivalents in a manner
that is not prohibited by the terms of this Agreement or the other Loan Documents; (f) Transfers between or among the Borrower and its Subsidiaries in connection with the Tax Reorganization; and (g) of property, valued in amount not to
exceed Two Hundred Thousand Dollars ($200,000) in the aggregate in any fiscal year, to Borrower’s Subsidiaries consistent with past practices of Borrower and solely within the ordinary course of Borrower’s business. 

2.5 Section 7.8 (Transactions with Affiliates). Section 7.8 of the Loan Agreement is hereby amended by deleting it in its
entirety and replacing it with the following: 
 7.8 Transactions with Affiliates. Directly or indirectly enter
into or permit to exist any material transaction with any Affiliate of Borrower, except for (a) sales of equity securities to existing investors, (b) transactions that are in the ordinary course of Borrower’s business, upon fair and
reasonable terms that are no less favorable to Borrower than would be obtained in an arm’s length transaction with a non-affiliated Person, (c) bona fide equity investments in Borrower, (d) unsecured debt financings from
Borrower’s investors so long as all such Indebtedness shall constitute unsecured Subordinated Debt, (e) compensation arrangements and benefit plans for officers and other employees of Borrower and its Subsidiaries entered into or
maintained in the ordinary course of business, (f) reasonable and customary fees paid to members of Borrower’s Board of Directors and its Subsidiaries in the ordinary course of business, (g) transactions between or among Borrower and
any of its Subsidiaries that are not otherwise prohibited hereunder, (h) transactions permitted pursuant to Section 7.2 and Section 7.7hereof, (i) transactions permitted under the definition of Permitted Investments, (j) the
Tax Reorganization, and (k) Transfer Pricing arrangements constituting Permitted Investments. 
 2.6 Section 7 (Negative
Covenants). Section 7 of the Loan Agreement is hereby amended by adding Section 7.11 in its entirety immediately after Section 7.10 of the Loan Agreement as follows: 

7.11 Transfer Pricing. Other than as required by applicable law, modify, or permit any Subsidiary to modify, its
Transfer Pricing arrangements in a manner that has, or is reasonably likely to have, a material adverse effect on Borrower’s or any Subsidiary’s business. 

  
 3. 

 2.7 Section 13 (Definitions). 

(a) Clause (f) of the definition of “Permitted Investments” set forth in Section 13.1 of the Loan Agreement
is hereby amended in its entirety and replaced with the following: 
 (f) Investments (i) by Borrower in
Subsidiaries not to exceed Five Hundred Thousand Dollars ($500,000) in the aggregate in any fiscal year, (ii) by Subsidiaries in other Subsidiaries not to exceed Two Hundred Fifty Thousand Dollars ($250,000) in the aggregate in any fiscal year
or in Borrower, (iii) by Borrower in Foreign Subsidiaries consisting of cash in an aggregate amount at any time outstanding (net of any intercompany loan repayments owing from such Foreign Subsidiaries to Borrower and returns of invested
capital owing from such Foreign Subsidiaries to Borrower) not to exceed one hundred twenty percent (120%) of all such Foreign Subsidiaries’ operating expenses pursuant to Transfer Pricing arrangements entered into in the ordinary course of
business from time to time among Borrower and such Foreign Subsidiaries, and (iv) Investments between or among the Borrower and its Subsidiaries in connection with a Tax Reorganization; 

(b) The following terms and their respective definitions are hereby added in alphabetical order to Section 13.1 of the Loan
Agreement: 
 “Domestic Subsidiary” means a Subsidiary organized under the laws of the United States
or any state or territory thereof or the District of Columbia. 
 “Foreign Subsidiary” means any Subsidiary
which is not a Domestic Subsidiary. 
 “Tax Reorganization” means a corporate restructuring effective in the
second quarter of 2015 in which Borrower, pursuant to a comprehensive plan (in which Borrower received all required approvals and due authorization to consummate such plan of restructuring) that was designed to increase the tax efficiency of
Borrower and its Subsidiaries, as a whole, (i) transferred to the Malaysia Subsidiary, certain customer contracts, (ii) transferred to Bermuda Subsidiary, certain vendor arrangements, (iii) restructured certain Subsidiaries of
Borrower, (iv) established new intercompany functional relationships and capital arrangements among the Borrower and its Subsidiaries and (v) took such other reasonable actions as were necessary to improve the consolidated tax efficiency
of the Borrower and its Subsidiaries. 
 “Transfer Pricing” means the arm’s length price that is
charged by a party for products and services it provides to another related party, in order to calculate each party’s profit and loss separately. 

2.8 Closing of Restated Loan Agreement and Restructured Credit Facility. Notwithstanding anything to the contrary herein or in the other
Loan Documents, Borrower and Bank hereby acknowledge and agree that on a date not later than forty-five (45) days after the date of this Amendment, the Loan Agreement will be restated and replaced and that Borrower will execute and deliver,
among other things, a replacement loan agreement with Borrower to restate and replace the Loan Agreement (the “Replacement Loan Agreement”), a replacement stock pledge agreement to restate and replace the Stock Pledge Agreement, a
foreign  

  
 4. 

 
loan and security agreement with Malaysian Subsidiary, the guaranty from the Bermuda Subsidiary, and such other documents, notes, instruments, control agreements and opinions as Bank may
request in its sole and absolute discretion (collectively, the “Replacement Loan Documents”). Such Replacement Loan Documents shall restructure the current credit facility to include an $8,000,000 revolving line of credit with the
Malaysian Subsidiary as a co-borrower with Borrower and shall be satisfactory in all respects to Bank, Borrower, Malaysian Subsidiary and Bermuda Subsidiary. If Borrower, Malaysian Subsidiary and Bermuda Subsidiary fail to execute such Replacement
Loan Documents on a date not later than forty-five (45) days after the date of this Amendment (the “Replacement Loan Documents Due Date”), then Borrower shall be in immediate Event of Default under the Loan Agreement.

 2.9 Eleventh Amendment Fee. Notwithstanding anything to the contrary in that certain Eleventh Amendment to Loan and Security
Agreement by and between Bank and Borrower dated as of December 4, 2014 (the “Eleventh Amendment”), Borrower hereby acknowledges and agrees that if Borrower, Malaysian Subsidiary and Bermuda Subsidiary fail to execute the
Replacement Loan Documents, then Borrower shall pay the Eleventh Amendment Fee (as defined in the Eleventh Amendment) to Bank on September 25, 2015. For purposes of clarification, no Eleventh Amendment Fee shall be charged if the Replacement
Loan Documents are executed by Borrower, Malaysian Subsidiary and Bermuda Subsidiary. 
 2.10 Exhibit B (Compliance
Certificate). The Compliance Certificate attached to the Loan Agreement as Exhibit B is replaced in its entirety with the Compliance Certificate attached hereto as Exhibit B. From and after the date hereof, all references in the
Loan Agreement to the Compliance Certificate shall mean the Compliance Certificate in the form attached hereto as Exhibit B. 

3. Waiver of Existing Default. Borrower acknowledges and agrees that unless the Existing Default is waived by Bank, such Existing
Default would constitute an Event of Default under the Loan Documents. Bank hereby waives the Existing Default. Bank’s agreement to waive the Existing Default shall in no way obligate Bank to make any other modifications to the Loan Agreement
or to waive Borrower’s compliance with any other terms of the Loan Documents, and shall not limit or impair Bank’s right to demand strict performance of all other terms and covenants as of any date. The waiver set forth above shall not be
deemed or otherwise construed to constitute a waiver of any other provisions of the Loan Agreement in connection with any other transaction. 

4. Limitation of Amendments and Waiver. 

4.1 The amendments and waiver set forth in Sections 2 and 3 above, respectively, are effective for the purposes set forth herein and
shall be limited precisely as written and shall not be deemed to (a) be a consent to any amendment, waiver or modification of any other term or condition of any Loan Document, or (b) otherwise prejudice any right or remedy which Bank may
now have or may have in the future under or in connection with any Loan Document; provided, however, that the amendments relating to the Tax Reorganization and Transfer Pricing arrangements shall be given retroactive effect to April 1, 2015.

  
 5. 

 4.2 This Amendment shall be construed in connection with and as part of the Loan Documents
and all terms, conditions, representations, warranties, covenants and agreements set forth in the Loan Documents, except as herein amended, are hereby ratified and confirmed and shall remain in full force and effect. 

4.3 In addition to those Events of Default specifically enumerated in the Loan Documents, the failure to comply with the terms of any
covenant or agreement contained herein shall constitute an Event of Default and shall entitle the Bank to exercise all rights and remedies provided to the Bank under the terms of any of the other Loan Documents as a result of the occurrence of the
same. 
 5. Representations and Warranties. To induce Bank to enter into this Amendment, Borrower hereby represents and
warrants to Bank as follows: 
 5.1 Immediately after giving effect to this Amendment (a) the representations and
warranties contained in the Loan Documents are true, accurate and complete in all material respects as of the date hereof (except to the extent such representations and warranties relate to an earlier date, in which case they are true and correct as
of such date), and (b) no Event of Default has occurred and is continuing other than the Existing Default; 
 5.2
Borrower has the power and authority to execute and deliver this Amendment and to perform its obligations under the Loan Agreement, as amended by this Amendment; 

5.3 The organizational documents of Borrower delivered to Bank on the Effective Date and on September 26, 2013 remain true,
accurate and complete and have not been amended, supplemented or restated and are and continue to be in full force and effect; 

5.4 The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan
Agreement, as amended by this Amendment, have been duly authorized; 
 5.5 The execution and delivery by Borrower of this
Amendment and the performance by Borrower of its obligations under the Loan Agreement, as amended by this Amendment, do not and will not contravene (a) any law or regulation binding on or affecting Borrower, (b) any contractual restriction
with a Person binding on Borrower, (c) any order, judgment or decree of any court or other governmental or public body or authority, or subdivision thereof, binding on Borrower, or (d) the organizational documents of Borrower; 

5.6 The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan
Agreement, as amended by this Amendment, do not require any order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by any governmental or public body or authority, or subdivision
thereof, binding on Borrower, except as already has been obtained or made; and 
 5.7 This Amendment has been duly executed
and delivered by Borrower and is the binding obligation of Borrower, enforceable against Borrower in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, liquidation, moratorium or other
similar laws of general application and equitable principles relating to or affecting creditors’ rights. 

  
 6. 

 6. Counterparts. This Amendment may be executed in any number of counterparts and all of
such counterparts taken together shall be deemed to constitute one and the same instrument. 
 7. Effectiveness. This
Amendment shall be deemed effective upon (a) the due execution and delivery to Bank of this Amendment by each party hereto, and (b) payment of Bank’s legal fees and expenses in connection with the negotiation and preparation of this
Amendment. 
 [Signature page follows.] 

  
 7. 

 IN WITNESS WHEREOF, the
parties hereto have caused this Amendment to be duly executed and delivered as of the date first written above. 
  

			
	BANK:
	
	SILICON VALLEY BANK
		
	By:	 	 /s/ Matthew Wright

	Name:	 	 Matthew Wright

	Title:	 	 Director

	
	BORROWER:
	
	EASIC CORPORATION
		
	By:	 	 /s/ Richard Deranleau

	Name:	 	 Richard Deranleau

	Title:	 	 VP Finance & CFO

 [Signature Page to Twelfth Amendment to Loan and Security Agreement] 

 EXHIBIT B 

COMPLIANCE CERTIFICATE 
  

							
	TO:	  	SILICON VALLEY BANK	  		  	Date:                     
	FROM:	  	EASIC CORPORATION	  		  	

 The undersigned authorized officer of eASIC Corporation (“Borrower”) certifies that under the
terms and conditions of the Loan and Security Agreement between Borrower and Bank (the “Agreement”): 
 (1) Borrower is in
complete compliance for the period ending              with all required covenants except as noted below; (2) there are no Events of Default; (3) all representations and
warranties in the Agreement are true and correct in all material respects on this date except as noted below; provided, however, that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified
or modified by materiality in the text thereof; and provided, further that those representations and warranties expressly referring to a specific date shall be true, accurate and complete in all material respects as of such date; (4) Borrower,
and each of its Subsidiaries, has timely filed all required tax returns and reports, and Borrower has timely paid all foreign, federal, state and local taxes, assessments, deposits and contributions owed by Borrower except as otherwise permitted
pursuant to the terms of Section 5.9 of the Agreement; and (5) no Liens have been levied or claims made against Borrower or any of its Subsidiaries relating to unpaid employee payroll or benefits of which Borrower has not previously
provided written notification to Bank. 
 Attached are the required documents supporting the certification. The undersigned certifies that
these are prepared in accordance with GAAP consistently applied from one period to the next except as explained in an accompanying letter or footnotes. The undersigned acknowledges that no borrowings may be requested at any time or date of
determination that Borrower is not in compliance with any of the terms of the Agreement, and that compliance is determined not just at the date this certificate is delivered. Capitalized terms used but not otherwise defined herein shall have the
meanings given them in the Agreement. 
 Please indicate compliance status by circling Yes/No under “Complies” column. 

 

					
	 Reporting Covenant
	  	 Required
	  	Complies
	Monthly financial statements with Compliance Certificate (“CC”)	  	Monthly within 30 days	  	Yes No
	Annual financial statement (Company Prepared)	  	FYE within 30 days	  	Yes No
	Annual financial statement (CPA Audited) + CC	  	FYE within 180 days	  	Yes No
	Annual Board-Approved financial projections	  	Annually within 10 days of approval	  	Yes No
	Transaction Reports	  	Weekly at all times that any Advances are outstanding	  	Yes No
	Statements of Cash Balances at Foreign Deposit Accounts	  	Monthly within 30 days	  	Yes No
	10-Q, 10-K and 8-K	  	Within 5 days after filing with SEC	  	Yes No
	Borrowing Base Certificate A/R. & A/P Agings	  	Monthly within 30 days	  	Yes No

  

													
	 Financial Covenant
	  	Required	 	  	Actual	 	  	Complies	 
	 Maintain on a Quarterly Basis:
	  				  				  			
	 Minimum Revenue
	  				  				  			
	 June 30, 2015
	  	$	14,500,000	  	  	$	            	  	  	 	Yes No	  
	 September 30, 2015
	  	$	16,457,000	  	  	$	            	  	  	 	Yes No	  
	 December 31, 2015
	  	$	17,780,000	  	  	$	            	  	  	 	Yes No	  
	 March 31, 2016
	  	$	18,000,000	  	  	$	            	  	  	 	Yes No	  
	 June 30, 2016
	  	$	18,000,000	  	  	$	            	  	  	 	Yes No	  
	 September 30, 2016
	  	$	18,000,000	  	  	$	            	  	  	 	Yes No	  
	 December 31, 2016
	  	$	18,000,000	  	  	$	            	  	  	 	Yes No	  

  
 Exhibit B – Page 1

 Amount of Revolving Loan 

 

							
	 Aggregate Revenue
	  	Revolving Loan	 	  	Applies
	 Aggregate revenue (as determined in accordance with GAAP) for the most recently ended three (3) calendar month period >
$8,500,000
	  	$	8,000,000	  	  	Yes No
	 Aggregate revenue (as determined in accordance with GAAP) for the most recently ended three (3) calendar month period <
$8,500,000
	  	$	5,000,000	  	  	Yes No

 The following financial covenant analysis and information set forth in Schedule 1 attached hereto are true and
accurate as of the date of this Certificate. 
 The following are the exceptions with respect to the certification above: (If no exceptions
exist, state “No exceptions to note.”) 
  
  

 
  
  

 
  

									
	EASIC CORPORATION	 		 	BANK USE ONLY
					
	By:	 	  
	 		 	Received by:	 	  

	Name:	 	  
	 		 		 	AUTHORIZED SIGNER
	Title:	 	  
	 		 	Date:	 	  

					
		 		 		 	Verified:	 	  

		 		 		 		 	AUTHORIZED SIGNER
		 		 		 	Date:	 	  

					
		 		 		 	Compliance Status:	 	Yes No

  
 Exhibit B – Page 2

 Schedule 1 to Compliance Certificate 

Financial Covenants of Borrower 

In the event of a conflict between this Schedule and the Loan Agreement, the terms of the Loan Agreement shall govern. 

Dated:
                                        

 Minimum Revenue (Section 6.12(a)) 
  

	Required:	Maintain at all times, to be tested as of the last day of each calendar quarter, on a consolidated basis with respect to Borrower and its Subsidiaries, aggregate revenue (as determined in accordance with GAAP), measured
on a cumulative basis for the calendar quarter then ended, of at least the following amounts at the following times: 

  

			
	 Quarter Ending
	  	 Required Minimum Revenue

	June 30, 2015	  	$14,500,000
	September 30, 2015	  	$16,457,000
	December 31, 2015	  	$17,780,000
	March 31, 2016	  	$18,000,000
	June 30, 2016	  	$18,000,000
	September 30, 2016	  	$18,000,000
	December 31, 2016	  	$18,000,000

 Actual:
                     
  

							
			
	A.	  	Aggregate revenue (as determined in accordance with GAAP) for the calendar quarter then ended on a cumulative basis	  	 	$            	  

 Is line A equal to or greater than the required amount above? 

 

			
	                     No, not in compliance	  	                     Yes, in compliance

  
 Schedule 1 to Exhibit B

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