Document:

exv10w3

EXHIBIT 10.3

Hans Rohrer

Zetex Technology Park

Chadderton Oldham

OL9 9LL

United Kingdom

11 July 2008

Dear Hans

Side Letter to your Service Agreement with Diodes Zetex Limited (formerly Zetex plc) (the Company)
dated 6 June 2007 (the Service Agreement)

I am writing to confirm the agreement we have reached regarding the termination of your employment
with the Company and your role during your notice period.

This letter constitutes notice of the termination of your employment under clause 2 of your service
agreement dated 6 June 2007 (Service Agreement) with effect from 1 July 2008. Your notice period
(Notice Period) will expire on 30 June 2009 (inclusive) (the Termination Date). This letter (Side
Letter) sets out the revised terms that will apply to you during your Notice Period and constitutes
a variation to the terms of the Service Agreement.

This Side Letter is without prejudice to the terms agreed by the parties as set out under a
compromise agreement of the same date which sets out the terms and payments to you on the
termination of your employment.

In consideration of the terms offered under this Side Letter, for the duration of your Notice
Period you agree to the following terms which take immediate effect:

			
	1.	 	Change of Employer

	 	 	 	For the duration of your Notice Period, you will be employed by Diodes Incorporated (Diodes)
and your obligations to the Company under the Service Agreement will apply in respect of
Diodes and any Group Company.

			
	2.	 	Role

	 	(a)	 	You will be appointed to the Board of Diodes as an officer and employed in the
role of Senior Vice President — Business Development. You will be report directly to
the Chief Executive Officer (CEO) and you will carry out all such duties as directed or
agreed by the Board of Diodes and/or the CEO. You will owe the same duties to the
Board of Diodes as you owe to the Company under clause 3 of the Service Agreement. You
agree to execute all necessary documentation as required to effect this appointment;
	 
	 	(b)	 	you will cease to carry out all and any duties associated with the Company save
as directed by the CEO;

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	 	(c)	 	you will not be required to attend the offices of any Group Company on a day to
day basis save that in carrying out duties as directed under this Side Letter, you may
be required to attend the offices of any Group Company as necessary and or directed by
Diodes and “hot desk” facilities will be made available to you together with the usual
IT and administration support available to all staff from any place of work; and
	 
	 	(d)	 	you will be entitled to be reimbursed for all reasonable expenses incurred in
the course of performing your duties under this Side Letter in accordance with Diodes’
expenses policy as applicable from time to time and provided that all such expenses are
approved in advance of being incurred by Rick White.

			
	3.	 	Term

	 	 	 	Your employment with Diodes (and any other Group Company) will expire on the Termination
Date without the need for further notice.

			
	4.	 	Duties

	 	 	 	Your obligations to the Company under clause 3 of the Service Agreement will apply in
respect of Diodes and any Group Company. Your other duties will be to work on such
assignments as required by the Chief Executive Officer of Diodes.

			
	5.	 	Hours of Work

	 	 	 	Your hours of work will be reduced from 37.5 hours per week to 12.5 hours per week but these
hours may vary according to business needs and will be applied flexibly by Diodes at its
discretion. You may be required to work additional hours due to the nature of your work but
you will not be paid any overtime or receive any additional remuneration for such hours.
	 
	 	 	 	You are required to take any entitlement to statutory holiday during your Notice Period and
prior to the Termination Date.

			
	6.	 	Salary and Share Option Grant

	 	(a)	 	In consideration for your services during your Notice Period and your agreement
to the variation of your duties under this Side Letter, you will be paid an annualised
salary figure of 50,000 GBP (less any required deductions for tax or National Insurance
contributions in any jurisdiction). The Company will continue to meet any German state
insurance contributions to the extent these remain payable in respect of that salary
during the Notice Period. This salary figure will accrue on a daily basis and will be
payable in arrears in equal monthly instalments. Your salary will not be reviewed or
increased and shall be inclusive of all fees and other remuneration to which you may be
entitled as an officer of any Group Company. You agree that the Company may deduct any
salary or any amount owed to the Company or any Group Company in respect of any
overpaid salary or benefit;
	 
	 	(b)	 	You will be paid by Diodes Zetex Semiconductor on behalf of Diodes and the
Company in GBP;
	 
	 	(c)	 	Subject to your compliance with the terms and conditions of the Plan, you will
receive a one-off grant of 4,000 Restricted Stock Units of Diodes Incorporated common
stock pursuant to the Diodes Incorporated 2001 Omnibus Equity Incentive Plan (the
Plan). The terms of the grant will provide that the Restricted Stock Units vest over a
period of four years from the date of grant, with 25% of the Restricted Stock Units
vesting per year. The

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	 	 	 	full terms and conditions of the grant of the Restricted Stock Units under the Plan
will be provided to you in due course.

			
	7.	 	Benefits

	 	During your Notice Period, you agree to waive your right to receive any further benefits
under the following clauses in your Service Agreement:
	 
	 	(a)	 	any future share option and/or stock unit grants pursuant to any plan operated
by any Group Company (subject to paragraph 6(c) of this Side Letter above);
	 
	 	(b)	 	bonus (pursuant to clause 5);
	 
	 	(c)	 	relocation and moving expenses (pursuant to clause 6), save that following the
Termination Date, you will receive a one-off reimbursement of any appropriate
relocation and moving expenses, subject to the prevailing terms and conditions of any
relevant policy in respect of such expenses and subject to a maximum amount of £8,000
in total, less any deductions applicable by law;
	 
	 	(d)	 	car allowance (pursuant to clause 7);
	 
	 	(e)	 	pension (pursuant to clause 8);
	 
	 	(f)	 	any insurances (pursuant to clause 9);
	 
	 	(g)	 	any contractual holiday entitlement which is additional to the statutory
minimum entitlement (pursuant to clause 10); and
	 
	 	(h)	 	any sickness and incapacity benefits (pursuant to clause 11) which is
additional to the entitlement to receive statutory sick pay.

You acknowledge that your obligations in respect of restraint of activity and confidentiality
pursuant to clause 19 and the post-termination covenants pursuant to clause 20 of your Service
Agreement will continue to apply during your Notice Period and following the Termination Date in
respect of Diodes and any other Group Company (although the Company confirms that the non-executive
position you currently hold with Tower Semiconductors may continue during these periods and that
you may hold other non-executive positions to the extent they do not conflict with the terms of
clauses 19 and 20 of the Service Agreement and subject prior approval of any such appointment
during the Notice Period being approved by the CEO).

For the purposes of this Side Letter, Group Company means any one of Diodes, its subsidiaries, its
holding company or any subsidiary of its holding company (in each case as defined by section 1159
of the Companies Act 2006) and the Group has the corresponding meaning.

Please sign both copies of this Side Letter and return one copy to confirm your acceptance of the
variations to the terms of the Service Agreement.

	 	 	 	 	 
	Yours sincerely	 	 
	 
	 
	 	 	 	 
	 	 	 
	 
	 	 	 	 
	[   ]
	 	 	 	 
	For and on behalf of Diodes Incorporated	 	 
	 
	 
	 	 	 	 
	 	 	 
	 
	 	 	 	 
	[   ]
	 	 	 	 
	For and on behalf of Diodes Zetex Limited	 	 
	 
	 	 	 	 
	Date
	 	 	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	Hans Rohrer:	 	 

3exv10w5

EXHIBIT 10.5

Fourth Floor of the Accommodation Building

Lease Agreement

This Fourth Floor of the Accommodation Building Lease Agreement (the “Lease Agreement”) is entered
into as of January 1, 2008 (“Effective Date”) in the city of Shanghai, by and between
SHANGHAI KAI HONG TECHNOLOGY CO., LTD. (hereinafter referred to as “DSH”) with its registered
office at No.1 Lane 18 San Zhuang Road, Songjiang Export Processing Zone, Shanghai, P.R.China and
SHANGHAI DING HONG ELECTRONIC CO., LTD. (hereinafter referred to as “Ding Hong”) with its
registered office at No.999 Chenchun Road, Xinqiao Town, Songjiang, Shanghai, P.R.China.

DSH and Ding Hong are collectively referred to as the “Parties” and individually as a “Party”.

WHEREAS,

The Parties agree on the lease of the fourth floor of the Accommodation Building (as defined
below). Ding Hong represents that it is the lawful owner of the Accommodation Building.

1. Definitions

Unless otherwise defined in this Lease Agreement, the terms used herein shall have the following
meanings:

1.1 “Accommodation Building” shall mean the six-story dormitory building located on the lot 375 of
Song Jiang, Shanghai.

1.2 “Fourth Floor” shall mean the fourth floor of the Accommodation Building (Exhibit 1, fourth
floor layout of the Accommodation Building).

1.3 “Lease Term” shall mean the period of time on which DSH is entitled to use the Fourth Floor and
Ding Hong is entitled to receive rent from DSH in accordance with the terms and conditions of the
Lease Agreement.

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2. The Construction and Facilities of the Accommodation Building

2.1 Fourth Floor of the Accommodation Building shall be delivered to DSH in compliance with the
requirement of Exhibit 2 of the Lease Agreement for building repair, decoration and facilities
maintenance requirements. Ding Hong agrees that the building repair cost, decoration cost and the
facilities maintenance cost for the Accommodation Building shall be at Ding Hong’s own expenses.

2.2 Ding Hong promises that the construction and building quality of the Accommodation Building
shall be in compliance with all the relevant quality standards. Ding Hong shall obtain from all
necessary government authority checked and accepted inspection certificates. Ding Hong guarantees
the quality of the facilities of the Accommodation Building and the quality of the equipments in
each room. Ding Hong further guarantees the quality of the materials used in making the facilities
in the Accommodation Building shall meet DSH’s and relevant inspection’s requirements.

3. Lease Term

3.1 For the Fourth Floor, the Parties agree that the Lease Term shall be 5 (five) year(s)
commencing on July 17, 2007 until July 16, 2012.

3.2 The Parties agree that the Lease Term for the Fourth Floor shall be automatically renewed
unless DSH gives written notice of termination not less than thirty (30) days before the expiration
of the Lease Term, but the Lease Term must be renegotiated and adjust accordingly. During the
Lease Term or any renewal period, Ding Hong shall not terminate this Lease Agreement without DSH’s
written approval. For the renewal period, the items relating to the rental set forth in Article 5
of the Lease Agreement shall be adjusted on the basis of the market prices at the time of renewal
and after consultation between the Parties.

3.3 If during the Lease Term or the Lease Term renewal period, Ding Hong receives from a third
party a bona fide, legally binding offer to lease the portion of the Fourth Floor not already
leased by DSH, Ding Hong shall notify DSH of this fact. The notice shall specify all the terms of
the bona fide third party offer. DSH shall then have thirty (30) days to lease that portion of the
Fourth Floor specified in the third party’s bona fide offer for the rent and related details set
forth in Articles 4 and 5. Ding Hong shall not

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lease any portion of the Fourth Floor to any third party until the thirty (30) days has expired
without DSH exercising its right of first refusal. Any other terms not specified in this Lease
Agreement regarding the Fourth Floor, both Parties shall negotiate and sign a supplemental
agreement for these unspecified terms. Such signed supplemental agreement shall constitute a part
of the entire Lease Agreement and shall have the same effectiveness as the entire Lease Agreement.

4. Gross Area of the Fourth Floor

4.1 There are 20 dorm rooms with area of 1,150 square meters and a TV room of
32 square meters in the Fourth Floor. The gross area of the Fourth Floor 2 is 1,182
square meters.

4.2 Both Parties agree that DSH can base its needs and lease schedule to lease any portion of the
Fourth Floor that has not been leased by DSH.

4.3 DSH’s approximate lease schedule and plan for the Fourth Floor are set forth in Exhibit 3 of
the Lease Agreement.

5. Rental

5.1 The Parties agree that the monthly rent for the Fourth Floor shall be Renminbi (“RMB”) 29.80
per square meter.

5.2 Both Parties agree that, beginning from January 1, 2008, each Party will bear fifty percent
(50%) of the monthly rent of the portion of the Fourth Floor that has not been leased by DSH. Each
Party agrees to bear RMB 14.90 per square meter per month for the portion of the Fourth Floor that
has not been leased by DSH.

6. Deposit

DSH shall pay Ding Hong a deposit amount of RMB 35,223.6 within one hundred and eighty
(180) days of the Effective Date of the Lease Agreement.

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7. Method of Payment

For the Fourth Floor, DSH shall pay the Rental in RMB to the RMB bank account as designated by Ding
Hong before the first day of every month.

8. Termination of the Lease Agreement

If either Party terminates the Lease Agreement prior to the expiration of the Lease Term without
the consent from the other Party, the Party that terminates the Lease Agreement shall pay damages
to the other Party to compensate for such Party’s actual loss. The amount of damages shall
include, but not be limited to, the reasonable profits, out-of-pocket costs, legal service fees,
Court fees, arbitration fees, accounting fees and removal or relocation fees.

9. Insurance and Repair Costs

9.1 During the term of the Lease Agreement, Ding Hong shall purchase and maintain insurance
coverage to cover any and all casualty damage to the Accommodation Building, and shall be
responsible for repairing all structural damages to the Accommodation Building that are not the
result of improper use by DSH. DSH shall be responsible for all repair costs arising from improper
building usage by DSH. If Ding Hong cannot obtain building insurance, DSH will need to obtain
insurance for the Fourth Floor, and Ding Hong will reimburse DSH for all costs of such insurance
coverage.

9.2 Ding Hong shall be entitled to inspect the Accommodation Building at reasonable intervals and
upon reasonable notice to DSH. DSH shall provide assistance to allow such inspections.

10. Liability for Breach of the Lease Agreement

10.1 If DSH violates Article 5 of the Lease Agreement for failing to pay the Rental, then DSH shall
pay a penalty at the rate of 0.011% of the Rental for each day of delay.

10.2 If Ding Hong breaches Articles 2, 3, 11 and any of its warranties set forth in this Lease
Agreement, Ding Hong shall compensate DSH for all of DSH’s losses and damages including
consequential, special, punitive and incidental damages.

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10.3 DSH shall not:

	 	(1)	 	sub-lease the Fourth Floor or exchange the use of the Fourth Floor with any third
party without Ding Hong’s prior written consent.

	 
	 	(2)	 	alter the structure of the Fourth Floor or damage the Accommodation Building
without Ding Hong’s prior written consent.

	 
	 	(3)	 	change the lease purpose stipulated by the competent authorities without
Ding Hong’s consent.

11. Warranties

11.1 Ding Hong hereby warrants that if the Accommodation Building is sold to any third party during
the Lease Term or the period of renewal, such third party shall be required to fulfill all
obligations of Ding Hong under the Lease Agreement. If said third party fails to carry out the
Lease Agreement, Ding Hong shall compensate DSH for all of DSH’s losses and damages including
consequential, special, punitive and incidental damages.

11.2 In case Ding Hong mortgages the Accommodation Building to the third party, any loss suffered
by DSH shall be paid by Ding Hong.

12. Force Majeure

12.1. The definition of Force Majeure

Force Majeure shall mean any event which arises after the Effective Date that is beyond the control
of the Parties, and is unforeseen, unavoidable and insurmountable, and which prevents total or
partial performance by either Party. Such events shall include earthquakes, typhoons, flood, fire,
war, acts of government or public agencies, strikes and ay other event which cannot be foreseen,
prevented and controlled, including events which are recognized as Force Majeure in general
international commercial practice.

12.2 Consequences of Force Majeure

a. If an event of Force Majeure occurs, the contractual obligation of a Party affected by such an
event shall be suspended during the period of delay and the time for performing such obligation
shall be extended, without penalty, for a period equal to such suspension.

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b. The Party claiming Force Majeure shall give prompt notice to the other Party in writing and
shall furnish, within fifteen (15) days thereafter, sufficient proof of the occurrence and expected
duration of such Force Majeure. The Party claiming Force Majeure shall also use all reasonable
efforts to mitigate or eliminate the effects of the Force Majeure.

c. If an event of Force Majeure occurs, the Parties shall immediately consult with each other in
order to find an equitable solution and shall use all reasonable efforts to minimize the
consequences of such Force Majeure.

13. Effective Date of the Lease Agreement

The Lease Agreement shall become effective after the legal representatives or authorized
representatives of both Parties affix their signatures and company seals on the Lease Agreement.

14. Language of the Lease Agreement

The Lease Agreement is made and executed in Chinese and English, both versions having equal
validity except as prohibited by law.

15. Settlement of Dispute

15.1 Friendly consultations

a. In the event of any dispute, difference, controversy or claim arising out of or related to the
Lease Agreement, including, but not limited to, any breach, termination or validity of the Lease
Agreement, (the “Dispute”) then upon one Party giving the other Party notice in writing of the
Dispute (the “Notice of Dispute”), the Parties shall attempt to resolve such Dispute through
friendly consultation.

b. If the Dispute has not been resolved through friendly consultations with thirty (30) days from
the Notice of Dispute, the Dispute shall be resolved by arbitration in accordance with Article 15.2
of this Lease Agreement. Such arbitration may be initiated by either Party.

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15.2 Arbitration

The arbitration shall be conducted by Shanghai Arbitration Commission in Shanghai, China in
accordance with its procedure and rules. The arbitration award shall be final and binding on the
Parties. The costs of arbitration shall be borne by the losing Party except as may be otherwise
determined by the arbitration tribunal.

15.3 Continuance of performance

Except for the matter in Dispute, the Parties shall continue to perform their respective
obligations under the Lease Agreement during any friendly consultations or any arbitration pursuant
to this Article 15.

15.4 Separability

The provisions of this Article 15 shall be separable from the other terms of the Lease Agreement.
Neither the terminated nor the invalidity of the Lease Agreement shall affect the validity of the
provisions of this Article 15.

16. Applicable Law

The validity, interpretation and implementation of the Lease Agreement and the settlement of
Disputes shall be governed by relevant laws of the People’s Republic of China and regulations that
are officially promulgated and publicly available.

17. Compliance with the Foreign Corrupt Practices Act

17.1 Ding Hong acknowledges that DSH is a corporation with substantial presence and affiliation in
the United States and, as such, is subject to the provisions of the Foreign Corrupt Practices Act
of 1977 of the United States of America, 15 U.S.C. §§ 78dd-1, et seq., which prohibits the making
of corrupt payments (the “FCPA”). Under the FCPA, it is unlawful to pay or to offer to pay anything
of value to foreign government officials, or employees, or political parties or candidates, or to
persons or entities who will offer or give such payments to any of the foregoing in order to obtain
or retain business or to secure an improper commercial advantage.

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17.2 Ding Hong further acknowledges that it is familiar with the provisions of the FCPA and hereby
agrees that Ding Hong shall take or permit no action which will either constitute a violation
under, or cause DSH to be in violation of, the provisions of the FCPA.

18. Miscellaneous

18.1 Any amendment to this Lease Agreement shall be in writing and duly signed by both Parties.
Such amendment shall constitute a part of the entire Lease Agreement.

18.2 Both Parties acknowledge that they are aware of their respective rights, obligations and
liabilities and will perform their obligations under the Lease Agreement in accordance with the
provisions of the Lease Agreement. If one Party violates the Lease Agreement, the other Party
shall be entitled to claim damages in accordance with the Lease Agreement.

18.3 Any notice or written communication requited or permitted by this Lease Agreement shall be
made in writing in Chinese and English and sent by courier service. The date of receipt of a
notice or communication shall be deemed to be seven (7) days after the letter is deposited with the
courier service provided the deposit is evidenced by a confirmation receipt. All notice and
communications shall be sent to the appropriate address set forth below, until the same is changed
by notice given in writing to the other Party.

To: DSH

Address: No.1 Lane 18 San Zhuang Road, Songjiang Export Processing Zone,
Shanghai, P.R.China

Attn.: Shanghai Kai Hong Technology Co., Ltd.

To: Ding Hong

Address: No.999 Chenchun Road, Xinqiao Town, Songjiang, Shanghai, P.R.China

Attn.: Shanghai Ding Hong Electronic Co., Ltd.

18.4 This Lease Agreement comprises the entire understanding between the Parties with respect to
its subject matters and supersedes any previous or contemporaneous

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communications, representations, or agreements, whether oral or written. For purposes of
construction, this Lease Agreement will be deemed to have been drafted by both Parties. No
modification of this Lease Agreement will be binding on either Party unless in writing and signed
by an authorized representative of each Party.

Shanghai Kai Hong Technology Co., Ltd.

By                                                               
                 

Authorized Representative

Date:

Shanghai Ding Hong Electronic Co., Ltd.

By                                                                    
            

Authorized Representative

Date:

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