Document:

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                                  EXHIBIT 10.36
                            THIRD AMENDMENT OF LEASE

        THIS THIRD AMENDMENT OF LEASE (the "Third Amendment") is made this 29th
day of October 2001, by and between HILLCREST INVESTMENT COMPANY, A General
Partnership (hereinafter referred to as "Lessor"), and DIODES INCORPORATED, a
Delaware Corporation, with its principal place of business in California
(hereinafter referred to as "Lessee").

        WHEREAS, the parties have heretofore entered into a Standard Industrial
Lease (hereinafter referred to as the "Lease"), dated June 7, 1993, for the
premises consisting of approximately 30,857 square feet of larger approximately
45,262 square foot concrete tilt-up building situated on approximately 2.46
acres of M-2 zoned land, commonly know as 3050 East Hillcrest Drive, Thousand
Oaks, California (the "Premises").

        WHEREAS, the parties, by virtue of a First Amendment of Lease, dated
February 15, 1998, extended the term of the Lease for an additional thirty-six
(36) months and made other amendments as further set forth in the First
Amendment of Lease.

        WHEREAS, the parties, by virtue of a Second Amendment of Lease, dated
July 21, 1999, extended the terms of the Lease for an additional (36) months and
made other Amendments as further set forth in the Second Amendment of Lease.
 .
        WHEREAS, the parties are desirous of entering into this Third Amendment
with the primary purpose of further extending the term of the Lease, changing
the base rent charged thereunder, and providing for other matters.

        NOW THEREFORE, in consideration of the foregoing and of the mutual
promises contained hereinafter, the parties hereto agree as follows:

                                        I

        Paragraph 3.1, of the Lease and Section I of the Second Amendment are
hereby amended to extend the term of the Lease for an additional thirty-six (36)
months (referred to herein as "Year 4", "Year 5", and "Year 6"), beginning
December 15, 2003 and ending December 14, 2006.

                                       II

        Paragraph 4.1 of the Lease and Section II of the Second Amendment
regarding the base rent for the Premises are hereby amended to provide for the
base rent of the present term and the extended term of the Lease as follows:

               The base rent shall be subject to a 3% increase on December 15,
2001 and on December 15, 2002. There shall be no increases to the base rent for
"Year 4", "Year 5", and "Year 6".

                                       III

        Lessor will pay to Lessee within 10 days of Lessee's execution and
delivery to Lessor of this Third Amendment, Sixty Thousand Dollars ($60,000.00)
to be utilized as Lessee sees fit.

                                       IV

        See Attached addendum regarding "First Right of Refusal to Purchase".

                                        V

        Except as set forth herein, all of the terms and conditions of the
Lease, including all Addendum thereto, and all matters continued in the First
and Second Amendments shall continue in full force and effect. In the event
there is any conflict between this Third Amendment and the Lease, including all
Addendum and the First or Second Amendments, the terms of this Third Amendment
shall control.

        Dated: October 29, 2001

"Lessor"                                "Lessee"
HILLCREST INVESTMENT COMPANY            DIODES INCORPORATED
A General Partnership                   A Delaware Corporation
By /s/ Anthony R. Buccola               By: /s/ Carl C. Wertz
Name: Anthony R. Buccola                Name: Carl C. Wertz
Title: Managing General Partner         Title: CFO
Date: October 29, 2001                  Date: October 29, 2001<PAGE>

                                  EXHIBIT 10.37

                            DOCUMENT OF UNDERSTANDING

DIODES, INC                                 MICROSEMI WATERTOWN, INC.
3050 East Hillcrest Drive                   580 Pleasant Street
Westlake Village, California 91362-3154     Watertown, Massachusetts, 02472-2408
Attn: Mr. Mark King,                        Attn: Mr. Angelo Santamaria,
V.P. Sales & Marketing                      V.P. & General Manager
Tel: 805-446-4800 Fax: 805-381-3837         Tel: 617-926-0404 Fax: 617-924-1376
E-mail: Mark_King@diodes.com                E-mail: asantamaria@microsemi.com

        THIS DOCUMENT OF UNDERSTANDING by and between Diodes Inc (hereafter
DIODES), and Microsemi Corporation (hereafter MSC), shall have an Effective Date
of July 6, 2001.

        WHEREAS, the parties desire to utilize their unique expertise and
capabilities for their mutual benefit by establishing a Cooperative Business
Arrangement (the "CBA") between their respective organizations in order to
provide the most effective management and technical approach for cooperatively
achieving new and improved processes, product designs and product performance
for selected products; and

        WHEREAS, the parties met in Watertown, Massachusetts on April 26, 2001
(the "MEETING"), and identified certain Action Items, which they believed needed
to be resolved to their mutual satisfaction, and where appropriate, incorporated
into formal Agreements.

        WHEREAS, it is contemplated at this time that the CBA will be
coordinated and performed in various design, engineering and manufacturing sites
respectively owned or controlled by the parties in both the United States and in
foreign geographies; and

        WHEREAS, MSC owns and controls a proprietary automated manufacturing
facility in its Watertown facility, where it makes a family of products sold
under its POWERMITE(R)3 trademark.

        WHEREAS, DIODES desires to obtain a non-exclusive license under certain
MSC intellectual property rights for the manufacture of products utilizing the
novel POWERMITE(R)3 package design containing silicon rectifier die, and to
market such products under the POWERMITE(R)3 trademark.

        WHEREAS, the parties desire to cooperatively establish marketing
strategies for ensuring the availability of reliable POWERMITE(R)3 products; for
establishing a competitive additional source of such POWERMITE(R)3 products; for
maintaining the quality of such POWERMITE(R)3 products; for cost effectively
serving the market requirements in the geographies of consumption; and for
cooperatively establishing POWERMITE(R)3 product improvements that dynamically
respond to market demands

        NOW THEREFORE, the parties desire at this time to summarize the mutual
understandings they have made at the Meeting, and more particularly specify the
Action Items required to complete the documentation for the CBA, such mutual
agreements and Action Items are as follows:

1.      The parties agree to negotiate in good faith for nontransferable,
        nonexclusive, worldwide, irrevocable, royalty bearing licenses to make
        (but not have made) and to use, to lease and to sell, or to otherwise
        dispose of products that are made pursuant to any and all intellectual
        property rights ("IPR") owned or controlled by MSC, that comprehend the
        manufacturing of products sold by MSC under its POWERMITE(R)3 trademark.
        An exemplary IPR License Agreement is attached hereto as EXHIBIT A, and
        by this reference is made a part hereof.

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        The royalty rates under such license shall be as follows:

               1. Year 1 - [CONFIDENTIAL] of Net Revenues.
               2. Year 2 - [CONFIDENTIAL] of Net Revenues.
               3. Year 3 - [CONFIDENTIAL] of Net Revenues.
               4. Thereafter - [CONFIDENTIAL] of Net Revenues.

        The parties agree that Year 1 for the initial calculation of royalties,
        shall commence on the first month following the day that DIODES receives
        a bone fide qualification by one of its customers of the first Licensed
        Product produced in its Shanghai facility, utilizing the IPR licensed
        hereunder, or, the first Licensed Product made, used or otherwise
        disposed of by DIODES under the MSC trademark POWERMITE(R)3.

        In the event MSC hereafter grants to any third party licenses
        substantially the same in scope and duration as the licenses granted to
        DIODES regarding POWERMITE(R)3, as contemplated herein, MSC warrants
        that the royalty rates under such third party licenses shall be
        substantially the same as, or greater than, the royalty rates specified
        in the licenses granted to DIODES, taking into reasonable evaluation the
        mutual considerations under which such DIODES licenses were granted,
        vis-a-vis, the mutual considerations under which such third party
        licenses were granted.

        In the event DIODES agrees to transfer to MSC any of its IPR for the
        manufacture, use and/or sale of products covered by any DIODES IPR, the
        parties agree to negotiate in good faith for a non-exclusive, worldwide,
        irrevocable, royalty bearing license under such DIODES IPR, which
        license shall be substantially similar to the terms and conditions set
        forth in the IPR License Agreement between the parties regarding
        POWERMITE(R)3

        Notwithstanding anything to the contrary herein stated, or in any other
        agreement between the parties, sales made by one party to the other
        party of products that are covered by such one parties IPR shall not be
        subject to the payment of royalties, and shall be deemed excluded from
        the definition of Net Revenues.

2.      The parties also agree to negotiate in good faith for a limited license
        which grants to DIODES the right to market and sell POWERMITE(R)3
        packaged products under MSC's POWERMITE(R)3 trademark. ("TML"). An
        exemplary TML Agreement is attached hereto as EXHIBIT B, and by this
        reference is made a part hereof.

3.      From the Effective Date hereof until December 31, 2003, or such other
        date as the parties may hereafter agree upon, DIODES agrees to buy from
        MSC its requirements of POWERMITE(R)3 packaged products, and MSC, to the
        extent it has the available capacity, agrees to sell to DIODES.
        POWERMITE(R)3 packaged products. During such period, the parties agree
        to negotiate in good faith the terms and conditions of a Technology
        Transfer and Technical Training Agreement ("TTA") whereby the
        manufacturing technology reasonably required to manufacture
        POWERMITE(R)3 packaged products will be strategically and effectively
        transferred to DIODES. An exemplary TTA is attached hereto as EXHIBIT C,
        and by this reference is made a part hereof.

4.      It is contemplated at this time that the licensed automated
        POWERMITE(R)3 manufacturing line will be located by DIODES in its
        Shanghai facility. Accordingly, Microsemi shall provide the required
        technical support within the purview of the TTA, at DIODES expense.

5.      Prior to the successful installation of the POWERMITE(R)3 product line
        in DIODES Shanghai facility, or in any other licensed facility as may
        hereafter be installed, all sales of POWERMITE(R)3 packaged products by
        MSC to DIODES pursuant to paragraph 3 hereof shall be oN a "MOST FAVORED
        CUSTOMER" basis under a Manufacturing Services Agreement ("MSA"). The
        parties agree to negotiate in good faith the terms and conditions of the
        MSA. An exemplary MSA is attached hereto as EXHIBIT D, and by this
        reference is made a part hereof.

6.      Upon the successful installation of the POWERMITE(R)3 product line in
        DIODES Shanghai facility, or in any other licensed facility as may
        hereafter be installed, MSC shall have the option right to purchase up
        to

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        thirty percent (30%) of the capacity thereof on a Most Favored Customer
        basis under a MSA. The parties agree to negotiate in good faith the
        terms and conditions of the MSA. An exemplary MSA is attached hereto as
        EXHIBIT E, and by this reference is made a part hereof.

7.      Upon the successful installation of the POWERMITE(R)3 product line in
        DIODES Shanghai facility, or in any other licensed facility as may
        hereafter be installed, MSC shall have the option right to purchase any
        wafer made by or for DIODES that is used in such POWERMITE(R)3 product
        line on a Most Favored Customer basis under a MSA. The parties agreE to
        negotiate in good faith the terms and conditions of the MSA. An
        exemplary MSA is attached hereto as EXHIBIT E.

        The parties agree that the sale of wafers by DIODES to MSC does not
        require DIODES to transfer to MSC any of its IPR relating to the
        manufacture of such wafers, and that such sales may be best defined
        under a standard purchase agreement comprehending the specific wafers.
        In such event, the parties agree to negotiate in good faith the terms
        and conditions of a mutually acceptable Purchase Agreement.

        Notwithstanding the foregoing, MSC's option right to purchase wafers
        made by DIODES shall not extend to any wafers manufactured by DIODES, or
        any of its Subsidiaries, utilizing or pursuant to an intellectual
        property license from a third party, which license expressly prohibits
        the sale of such wafers to MSC or entities similarly situated.

8.      During the performance of any CBA, or any other Agreement between the
        parties, whereby an invention, improvement or other intellectual
        property right, whether patentable or not, is conceived by employees or
        agents of one party, which relates to or comprehends the POWERMITE(R)3
        products or the POWERMITE(R)3 manufacturing processes, such one party
        agrees TO grant to the other party an irrevocable, worldwide right and
        license to make, use, sell or otherwise dispose of products covered by
        such inventions or other intellectual property rights. The terms and
        conditions of such license shall be negotiated in good faith within the
        scope and spirit of this Document of Understanding.

9.      During the performance of any CBA, or any other Agreement between the
        parties, whereby an invention, improvement, or other intellectual
        property right, whether patentable or not, is jointly conceived by
        employees or agents of each party shall be jointly owned with each party
        having an undivided equal share of such invention, or other intellectual
        property right, and of any patents issued thereon.

10.     In consideration of the technical and financial obligations of each
        party as set forth herein, and in each CBA between the parties that are
        hereafter negotiated in good faith, the parties agree to grant to the
        other party a "MOST FAVORED CUSTOMER" status regarding the purchase and
        sale of the products and services made and provided to them by the other
        party. The terms and conditions of such CBA or other Agreement between
        the parties shall be negotiated in good faith, and shall comprehend, but
        not be limited to, quantity, price, delivery, quality, reliability,
        warranty, indemnity, availability, and allocation of capacity, taking
        into reasonable consideration the technical and financial contributions
        respectively provided by the parties hereto.

11.     Any news release authorized or distributed by either party pertaining to
        this Document of Understanding, or any other agreement hereafter
        consummated by the parties, shall be reviewed and approved by the other
        party prior to its release, which approval shall not be unreasonably
        withheld.

12.     All fees and expenses of any kind whatsoever respectively incurred by
        each party in connection with this Document of Understanding shall be
        respectively borne by each party.

13.     Each party shall maintain confidential all information disclosed to it
        by the other party that is identified as "CONFIDENTIAL", and shall not
        disclose such confidential information to any person, firm or
        corporation without prior written consent from the disclosing party. The
        parties agree that this Document of Understanding is confidential and is
        not to be disclosed by one party to any 3rd party without the express
        approval of the other party. The parties agree to negotiate in good
        faith the terms and conditions of a mutually acceptable

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        Confidential Disclosure Agreement (CDA), which shall be deemed to be
        incorporated into any agreement hereafter between the parties. An
        exemplary CDA is attached hereto as EXHIBIT F, and by this reference
        made a part hereof.

14.     Each party shall perform its responsibilities under this Document of
        Understanding as an independent contractor, and shall not be considered
        a partner, joint venture, subsidiary, affiliate, agent or employee of
        the other party for any purpose whatsoever, and shall have no right or
        authority to make or undertake any promise, warranty or representation,
        to execute any contract, or otherwise to assume any obligation or
        responsibility in the name of or on behalf of the other party except to
        the extent specifically authorized in writing by such other party.

15.     This Document of Understanding shall be construed and interpreted, and
        its performance shall be governed, by the laws of the State of
        California.

IN WITNESS WHEREOF, THE PARTIES HERETO HAVE CAUSED THIS DOCUMENT OF
UNDERSTANDING TO BE EXECUTED BY THEIR DULY AUTHORIZED REPRESENTATIVES AS OF THE
EFFECTIVE DATE, SUBJECT TO THE APPROVAL OF THE BOARD OF DIRECTORS OF BOTH
PARTIES AND ANY NECESSARY THIRD PARTY APPROVAL.

DIODES, INC.                                      MICROSEMI WATERTOWN, INC

BY: /s/ MARK KING                                 BY: /s/ ANGELO SANTAMARIA
MARK KING                                         ANGELO SANTAMARIA
TITLE: VICE PRESIDENT, SALES & MARKETING          TITLE: V.P. & GENERAL MANAGER
DATE: JULY 12, 2001                               DATE: JULY 18, 2001

                                LIST OF EXHIBITS
                                     TO THE
                            DOCUMENT OF UNDERSTANDING
                                     BETWEEN
                                   DIODES, INC
                                       AND
                              MICROSEMI CORPORATION
                               DATED JULY 6, 2001

EXHIBIT A    INTELLECTUAL PROPERTY RIGHTS LICENSE (IPR)

EXHIBIT B    TRADEMARK LICENSE AGREEMENT (TML)

EXHIBIT C    TECHNOLOGY TRANSFER AND TECHNICAL TRAINING AGREEMENT (TTA)

EXHIBIT D    MANUFACTURING SERVICES AGREEMENT (MSA WITH DIODES AS BUYER)

EXHIBIT E    MANUFACTURING SERVICES AGREEMENT (MSA WITH DIODES AS SELLER)

EXHIBIT F    CONFIDENTIAL DISCLOSURE AGREEMENT (CDA)

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