Document:

Exhibit
10.49.4

ENTERPRISE
BANCORP, INC.

Nonqualified Stock
Option Agreement

This
Agreement made as of this Xth day of XXXX, 20XX by and between Enterprise
Bancorp, Inc., a Massachusetts corporation (the “Company”), and NAME (the “Optionee”).

WITNESSETH THAT:

WHEREAS,
the Company has instituted a program entitled “Enterprise Bancorp, Inc.
[Amended and Restated 1998] [2003] Stock Incentive Plan” (the “Plan”); and

WHEREAS,
the Compensation Committee of the Board of Directors, or the full Board of
Directors, as the case may be, of the Company has authorized the grant of stock
options upon the terms and conditions set forth below; and

WHEREAS,
the Compensation Committee or the full Board of Directors, as the case may be,
has authorized the grant of this stock option pursuant and subject to the terms
of the Plan, a copy of which is attached hereto and incorporated herein; and

WHEREAS,
the Compensation Committee or the full Board of Directors, as the case may be,
has designated this stock option a nonqualified stock option in accordance with
Section 5 of the Plan;

NOW,
THEREFORE, in consideration of the premises and the mutual covenants and
agreements herein contained, the Company and the Optionee agree as follows.

1.             Grant.  Subject to the terms of the Plan and this
Agreement, the Company hereby grants to the Optionee a stock option (the “Option”)
to purchase from the Company #OF shares of its common stock, $0.01 par value
per share (“Stock”). This Option is not intended to be an incentive stock
option or to qualify for special federal income tax treatment under Section 422
of the Code.

2.             Exercise Price.  This Option may be exercised at the exercise
price of $XX.XX per share of Stock, subject to adjustment as provided herein
and in the Plan.

3.             Term and Exercisability of
Option.  This Option shall expire on
the earlier of [not later than the grant date
+ ten years – one day] or the last day of the exercise period
determined pursuant to subsection (c) of this Section 3. At any time before its
expiration, this Option may be exercised to the extent set forth in the
schedule attached to this Agreement as Exhibit 1, which is incorporated herein
and made a part hereof by this reference, provided that:

(a)           at the time of exercise the Optionee
is not in violation of any employee confidentiality, noncompetition or other
agreement with the Company or a Subsidiary;

(b)           the Optionee must maintain the
employment, contractual or other service relationship with the Company or a
Subsidiary that was in effect at the time of the initial

grant of this Option (the “Relationship”) without change on the
relevant date set forth in Exhibit 1 in order for any scheduled increment in
the exercisable portion of the Option to become effective;

(c)           this Option may not be exercised if
three months or more have elapsed following the date of termination, or any
change in the nature, of the Relationship between the Optionee and the Company
or a Subsidiary; provided, however, that if the Relationship terminates as a
result of the Optionee’s retirement at age 62 or older, “thirty-six
months” shall be substituted for “three months” in this sentence; and provided,
further, that if the Relationship terminates by reason of the Optionee’s
permanent and total disability (as determined by the Compensation Committee or
the full Board of Directors, as the case may be, on the basis of medical advice
satisfactory to it) or death, the Option must be exercised within twelve months
of the Optionee’s death or disability; and

(d)           For purposes of subsections (b) and
(c) of this Section 3, the nature of the Relationship between the Optionee and
the Company shall not be deemed to have changed if the fundamental nature of
the Relationship, meaning the Optionee serving as an employee or as a
non-employee director or as a third-party consultant, advisor or other vendor,
as the case may be, does not change, regardless of any changes in the Optionee’s
title, compensation or other terms of employment or service, as the case may
be, which do not change the fundamental nature of the Relationship.  A fundamental change in the nature of the
Relationship would include, for example, a change from the Optionee serving as
an employee of the Company to serving as a third-party consultant to the
Company or a change from the Optionee serving as an employee director of the
Company to serving as a non-employee director of the Company.

4.             Method of Exercise.  Prior to its expiration and to the extent
that the right to purchase shares of Stock has vested hereunder, this Option
may be exercised from time to time by written notice to the Company,
substantially in the form attached hereto as Exhibit 2, stating the number of
shares with respect to which this Option is being exercised and accompanied by
either (a) payment in full of the exercise price for the number of shares to be
delivered, by means of payment acceptable to the Company in accordance with
Section 5(c) of the Plan, or (b) a description of a “cashless exercise”
procedure and such other documents and undertakings as are necessary to satisfy
that procedure. As soon as practicable after its receipt of such notice, the
Company shall, without transfer or issue tax to the Optionee (or other person
entitled to exercise this Option), deliver, or cause to be delivered, to the
Optionee (or other person entitled to exercise this Option), at the principal
executive offices of the Company or such other place as shall be mutually
acceptable, a stock certificate or certificates for such shares out of
theretofore authorized but unissued shares or reacquired shares of its Stock as
the Company may elect; provided, however, that the time of such delivery may be
postponed by the Company for such period as may be required for it with
reasonable diligence to comply with any applicable requirements of law.  If and to the extent that the Company also
provides to its shareholders generally a means to hold title to shares on a
noncertificated basis, then any shares to be issued to the Optionee upon the
exercise of this Option may be issued on such a noncertificated basis if
mutually agreed upon by the Company and the Optionee and otherwise permissible
under applicable law and the rules of any applicable stock exchange. Payment of
the exercise price may

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be made in cash or
cash equivalents or, in accordance with the terms and conditions of Section
5(c) of the Plan, in whole or in part in shares of Common Stock of the Company;
provided, however, that the Compensation Committee or the full Board of
Directors, as the case may be, reserves the right upon receipt of any written notice
of exercise from the Optionee to require payment in cash with respect to the
shares contemplated in such notice; and provided, further, that the Optionee
may not make payment in shares of Stock that he acquired upon the earlier
exercise of any incentive stock option, unless he has held the shares until at
least two years after the date the incentive stock option was granted and at
least one year after the date the incentive stock option was exercised. If the
Optionee (or other person entitled to exercise this Option) fails to pay for
and accept delivery of all of the shares specified in such notice upon tender
of delivery thereof, his right to exercise this Option with respect to such
shares not paid for may be terminated by the Company.

5.             Withholding Taxes.  The Optionee hereby agrees, as a condition to
any exercise of this Option, to provide to the Company an amount sufficient to
satisfy the Company’s obligation to withhold certain federal, state and local
taxes arising by reason of such exercise (the “Withholding Amount”), if any, by
(a) authorizing the Company and/or a Subsidiary to withhold the Withholding
Amount from his cash compensation or (b) remitting the Withholding Amount to
the Company in cash; provided, however, that to the extent that the Withholding
Amount is not provided by one or a combination of such methods, the Company may
at its election withhold from the Stock that would otherwise be delivered upon
exercise of this Option that number of shares having a Fair Market Value, on
the date of exercise, sufficient to eliminate any deficiency in the Withholding
Amount.

6.             Nonassignability of Option.  This Option shall not be assignable or
transferable by the Optionee except by will or by the laws of descent and
distribution.  During the life of the
Optionee, this Option shall be exercisable only by him, by a conservator or
guardian duly appointed for him by reason of his incapacity or by the person
appointed by the Optionee in a durable power of attorney acceptable to the
Company’s counsel.

7.             Compliance with Securities Act;
Lock-Up Agreement.  The Company
shall not be obligated to sell or issue any shares of Stock or other securities
pursuant to the exercise of this Option unless the shares of Stock or other
securities with respect to which this Option is being exercised are at that
time effectively registered or exempt from registration under the Securities
Act and applicable state securities laws. In the event shares or other
securities shall be issued that shall not be so registered, the Optionee hereby
represents, warrants and agrees that he will receive such shares or other
securities for investment and not with a view to their resale or distribution,
and will execute an appropriate investment letter satisfactory to the Company
and its counsel. The Optionee further hereby agrees that as a condition to the
purchase of shares upon exercise of this Option, he will execute an agreement
in a form acceptable to the Company to the effect that the shares shall be
subject to any underwriter’s lock-up agreement in connection with a
public offering of any securities of the Company that may from time to time
apply to shares held by officers and employees of the Company, and such
agreement or a successor agreement must be in full force and effect.

8.             Legends.  The Optionee hereby acknowledges that the
stock certificate or certificates evidencing shares of Stock or other
securities issued pursuant to any exercise of this

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Option may bear a
legend setting forth the restrictions on their transferability described in
Section 7 hereof, if such restrictions are then in effect. If any such shares
or other securities are issued on a noncertificated basis in accordance with
Section 4 hereof, then the Company shall adopt alternative measures to ensure
that any such restrictions are properly observed.

THIS SPACE INTENTIONALLY LEFT BLANK

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9.             Rights as Stockholder.  The Optionee shall have no rights as a
stockholder with respect to any shares covered by this Option until the date of
issuance of a stock certificate to him for such shares or such shares are
otherwise issued on a noncertificated basis in accordance with Section 4
hereof. No adjustment shall be made for dividends or other rights for which the
record date is prior to the date on which any such shares are so issued.

10.           Termination or Amendment of Plan.  The Board may terminate or amend the Plan at
any time. No such termination or amendment will affect rights and obligations
under this Option to the extent it is then in effect and unexercised.

11.           Effect Upon Employment and
Performance of Services.  Nothing in
this Option or the Plan shall be construed to impose any obligation upon the
Company or any Subsidiary to employ the Optionee or to retain the Optionee in
its employ or to engage or retain the services of the Optionee.

12.           Time for Acceptance.  Unless the Optionee shall evidence his
acceptance of this Option by execution of this Agreement within thirty days
after its delivery to him, the Option and this Agreement shall be null and
void.

13.           Right of Repayment.  In the event that the Optionee accepts
employment with or performs services for a competitor of the Company within one
year after the date of exercise of this Option or any portion of it, the
Optionee shall pay to the Company an amount equal to the excess of the Fair
Market Value of the shares as to which the Option was exercised on the date of
exercise over the price paid for such shares; provided, however, that the
Compensation Committee or the full Board of Directors, as the case may be, in
its discretion may release the Optionee from the requirement to make such
payment, if the Compensation Committee or the full Board of Directors, as the
case may be, determines that the Optionee’s acceptance of such employment or
performance of such services is not inimical to the best interests of the
Company. The Company may deduct from any compensation or other amount payable
by the Company to the Optionee the amount of payment due under the preceding
sentence. For purposes of this Section 13, the term “Company” refers to the
Company and all Subsidiaries.

14.           General
Provisions.

(a)           Amendment; Waivers.  This Agreement, including the Plan, contains
the full and complete understanding and agreement of the parties hereto as to
the subject matter hereof and, except as otherwise permitted by the express
terms of the Plan and this Agreement, it may not be modified or amended nor may
any provision hereof be waived, except by a further written  agreement
duly signed by each of the parties; provided, however, that a modification or
amendment that does not materially diminish the rights of the Optionee
hereunder, as they may exist immediately before the effective date of the
modification or amendment, shall be effective upon written notice of its
provisions to the Optionee. The waiver by either of the parties hereto of any
provision hereof in any instance shall not operate as a waiver of any other
provision hereof or in any other instance.

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(b)           Binding Effect.  This Agreement shall inure to the benefit of
and be binding upon the parties hereto and their respective heirs, executors,
administrators, representatives, successors and assigns.

(c)           Governing Law.  This Agreement has been executed in
Massachusetts and shall be governed by and construed in accordance with the
laws of The Commonwealth of Massachusetts.

(d)           Construction.  This Agreement is to be construed in
accordance with the terms of the Plan. In case of any conflict between the Plan
and this Agreement, the Plan shall control. The titles of the sections of this
Agreement and of the Plan are included for convenience only and shall not be
construed as modifying or affecting their provisions. The masculine gender
shall include both sexes; the singular shall include the plural and the plural
the singular unless the context otherwise requires. Capitalized terms not
defined herein shall have the meanings given to them in the Plan.

(e)           Notices.  Any notice in connection with this Agreement
shall be deemed to have been properly delivered if it is in writing and is
delivered by hand or facsimile or sent by registered mail, postage prepaid, to
the party addressed as follows, unless another address has been substituted by
notice so given:

	
  To the Optionee:

  	
  To his address as set forth on the signature page
  hereof.

  
	
   

  	
   

  
	
  To the Company:

  	
  Enterprise Bancorp, Inc.

  
	
   

  	
  222 Merrimack Street

  
	
   

  	
  Lowell, Massachusetts 01852

  
	
   

  	
  Attn: Mr. James A. Marcotte

  

 

IN
WITNESS WHEREOF, the Company has caused this Agreement to be executed as a
sealed instrument by its officer thereunto duly authorized as of the date set
forth below.

	
  Date of grant: XXXXX XX,
  20XX

  
	
   

  
	
   

  	
  ENTERPRISE
  BANCORP, INC.

  
	
   

  	
   

  
	
   

  	
  Signed:

  	
   

  	
   

  
	
   

  	
  John P. Clancy,
  Jr.

  
	
   

  	
  Chief Executive
  Officer

  

 

 6

ACCEPTANCE

I
hereby accept the foregoing Option, a nonqualified stock option, in accordance
with its terms and conditions and in accordance with the terms and conditions
of the Enterprise Bancorp, Inc. [Amended and Restated 1998] [2003] Stock
Incentive Plan.

	
   

  	
   

  	
   

  	
   

  
	
  Date

  	
  (Signature of Optionee)

  

 

Notice Address:

 

 

Date of grant:
XXXX XX, 20XX

EXHIBIT
1

	
  Employee name (“Optionee”):

  	
  NAME

  
	
   

  	
   

  
	
  Date of grant:

  	
  DATE

  
	
   

  	
   

  
	
  Number of shares
  granted:

  	
  NUMBER

  
	
   

  	
   

  
	
  Exercise price:

  	
  $XX.XX per share (subject to adjustment as provided
  in this Agreement and in the Plan)

  

 

Vesting schedule:

	
   

  	
   

  	
  Incremental Amount

  	
   

  	
  Cumulative Amount

  	
   

  
	
  Date:

  	
   

  	
  % of shares

  	
   

  	
  # of shares

  	
   

  	
  % of shares

  	
   

  	
  # of shares

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  On or after: DATE

  	
   

  	
  25

  	
  %

  	
  NUMBER

  	
   

  	
  25

  	
  %

  	
  NUMBER

  	
   

  
	
  On or after: DATE

  	
   

  	
  25

  	
  %

  	
  NUMBER

  	
   

  	
  50

  	
  %

  	
  NUMBER

  	
   

  
	
  On or after: DATE

  	
   

  	
  25

  	
  %

  	
  NUMBER

  	
   

  	
  75

  	
  %

  	
  NUMBER

  	
   

  
	
  On or after: DATE

  	
   

  	
  25

  	
  %

  	
  NUMBER

  	
   

  	
  100

  	
  %

  	
  NUMBER

  	
   

  

 

	
  

  	
  Signed:

  	
   

  	
   

  
	
   

  	
  John P. Clancy, Jr.

  
	
   

  	
  Chief Executive Officer

  

 

Exhibit 2 to

Nonqualified Stock

Option Agreement

[FORM FOR EXERCISE OF
NONQUALIFIED STOCK OPTION]

[SAMPLE ONLY]

Enterprise Bancorp, Inc.

222 Merrimack Street

Lowell,
Massachusetts 01852

RE:                              Exercise
of Nonqualified Stock Option under Enterprise Bancorp, Inc. [Amended and
Restated 1998] [2003] Stock Incentive Plan

Gentlemen:

I
hereby elect to exercise the stock option granted to me on                      ,
200    by and to the extent of purchasing                        
shares of the Common Stock of Enterprise Bancorp, Inc. for the exercise price
of $                         
per share, subject to the terms and conditions of the Nonqualified Stock Option
Agreement between myself and Enterprise Bancorp, Inc. dated as of                  ,
200   (the “Agreement”).

Enclosed
please find payment, in cash or in such other property as is permitted under
the Enterprise Bancorp, Inc. [Amended and Restated 1998] [2003] Stock Incentive
Plan (the “Plan”), of the purchase price for the shares.

I
hereby confirm that I have investigated and considered the possible income tax
consequences of my exercising the option, of any sale or other disposition by
me of any shares acquired upon the exercise of the option and, if I am making
payment of any part of the purchase price by delivery of shares of stock of
Enterprise Bancorp, Inc., of my making such payment in that form.

I
hereby agree to provide to Enterprise Bancorp, Inc. an amount sufficient to
satisfy its obligation to withhold certain taxes, in accordance with the
Agreement.

I
further agree to any securities lock-up agreement between one or more
underwriters and shareholders of the Company who are officers or employees of
the Company or a Subsidiary, and any successor to that agreement, with regard
to the shares acquired upon this exercise of my stock option.

I
hereby specifically confirm to Enterprise Bancorp, Inc. that I am acquiring the
shares for investment and not with a view to their sale or distribution, and
that the shares shall be held subject to all of the terms and conditions of the
Plan and the Agreement.

	
  

  	
     Very truly yours,

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Date

  	
  (Signed by                 
  or other party duly

  
	
   

  	
  exercising option)

  
				

 

 9Exhibit 10.7

QUICKLOGIC CORPORATION

1999 STOCK PLAN

RESTRICTED STOCK PURCHASE AGREEMENT

Unless otherwise defined
herein, the terms defined in the 1999 Stock Plan (the “Plan”) will have the
same defined meanings in this Restricted Stock Purchase Agreement (the “Agreement”).

I.              NOTICE
OF GRANT OF STOCK PURCHASE RIGHT

QuickLogic Corporation is
pleased to inform you that you, the undersigned Purchaser, has been granted a
right to purchase Restricted Stock (hereinafter referred to as the “Shares”) of
the Company, subject to the terms and conditions of the Plan and this
Agreement, as follows:

NOTICE OF GRANT

	
  Purchaser:

  	
   

  	
   

  
	
  Grant
  Number:

  	
   

  	
   

  
	
  Board
  Notification Date:

  	
   

  	
   

  
	
  Date of
  Grant:

  	
   

  	
   

  
	
  Expiration
  Date:

  	
   

  	
   

  
	
  Vesting
  Commencement Date:

  	
   

  	
   

  
	
  Exercise
  Price, per Share:

  	
   

  	
   

  
	
  Number
  of Shares Granted:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Vesting
  Schedule (Check one):

  	
   

  	
   

  

Exercise
and Vesting Schedule: This grant is exercisable immediately,
in whole or in part, and the Restricted Stock shall vest on the first open
trading day under the Company’s insider trading policy on or after the
scheduled vesting date indicated below (or, if earlier, on March 15 of the year
following the year in which the scheduled vesting date occurs):

1)      25% of the Shares are scheduled
to vest twelve months after the Vesting Commencement Date and 1/16 of the
Shares are scheduled to vest each quarter thereafter, subject to Purchaser
remaining a Service Provider through the vesting dates

2)      25% of the shares are
scheduled to vest quarterly, subject to the Purchaser remaining a Service
Provider through the vesting dates

3)      The shares are immediately
vested upon grant

4)      Other:                                                                                                                                        

For instance, assume a
Purchaser received a stock purchase right to acquire 160 shares on 2/15/06
under scheduled vesting date alternative 1, and that the Purchaser exercised
the purchase right. If the trading window under the Company’s insider trading
policy is open on 2/15/07, 5/15/07 and 8/15/07, the Purchaser would vest 40
shares on 2/15/07, 10 shares on 5/15/07 and 10 shares on 8/15/07. If the
trading window was closed 3/1/07 and reopened 8/20/07, the Purchaser would vest
40 shares on 2/15/07 and 20 shares on 8/20/07.

In these examples, if the Purchaser ceased providing
services to the Company as a director, employee or consultant on 6/1/07, the
individual would have vested in 50 shares in the open trading window scenario,
and in 40 shares under the closed trading window scenario.

YOU MUST EXERCISE THIS STOCK PURCHASE RIGHT BEFORE THE
EXPIRATION DATE OR IT WILL TERMINATE AND YOU WILL HAVE NO FURTHER RIGHT TO
PURCHASE THE SHARES.

Non-Transferability
of Stock Purchase Right.

This Stock Purchase Right may not be transferred in
any manner otherwise than by will or by the laws of descent or distribution and
may be exercised during the lifetime of Purchaser only by Purchaser.  The terms of the Plan and this Agreement will
be binding upon the executors, administrators, heirs, successors and assigns of
the Purchaser.

1.     Entire Agreement.  The Plan is incorporated herein by
reference.  This Agreement (including
exhibits A-1 to A-4 referenced herein), the Plan and the Investment Representation
Statement constitute the entire agreement of the parties with respect to the
subject matter hereof and supersede in their entirety all prior undertakings
and agreements of the Company and Purchaser with respect to the subject matter
hereof, and may not be modified adversely to the Purchaser’s interest except by
means of a writing signed by the Company and Purchaser.

By Purchaser’s signature below, Purchaser represents that he or she is
familiar with the terms and provisions of the Plan, and hereby accepts this
Agreement subject to all of the terms and provisions thereof.  Purchaser has reviewed the Plan and this
Agreement in their entirety, has had an opportunity to obtain the advice of
counsel prior to executing this Agreement and fully understands all provisions
of this Agreement.  Purchaser agrees to
accept as binding, conclusive and final all decisions or interpretations of the
Administrator upon any questions arising under the Plan or this Agreement.  Purchaser further agrees to notify the Company
upon any change in the residence indicated in the Notice of Grant of Stock
Purchase Right.

 

	
  PURCHASER

  	
   

  	
   

  	
  QUICKLOGIC CORPORATION

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
   

  
	
  Signature

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Title:

  	
   

  
	
  Print Name

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Date:

  	
   

  	
   

  	
  Date:

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ADDRESS:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  BENEFICIARY:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Date:

  	
   

  	
   

  	
   

  	
   

  

Consent of spouse required if other than spouse

Please return this Stock
Purchase Agreement, Assignment Separate from Certificate, and Joint Escrow
Instructions to the General Accounting Manager or Stock Administrator of the
Company.

Exhibit A-1. RESTRICTED STOCK PURCHASE AGREEMENT
ADDENDUM

II.            AGREEMENT

1.     Sale of Stock.  The Company hereby agrees to sell to the
individual named in the Notice of Grant of Stock Purchase Right (the “Purchaser”),
and the Purchaser hereby agrees to purchase the number of Shares set forth in
the Notice of Grant of Stock Purchase Right, at the exercise price per share
set forth in the Notice of Grant of Stock Purchase Right (the “Exercise Price”),
and subject to the terms and conditions of the Plan, which is incorporated
herein by reference.  In the event of a
conflict between the terms and conditions of the Plan and this Agreement, the
terms and conditions of the Plan will prevail.

2.     Payment of Purchase
Price.  Upon exercise of the Stock
Purchase Right, Purchaser shall deliver to the Company the aggregate Exercise
Price for the Shares by cash or check, together with any and all withholding
taxes due in connection with the purchase of the Shares.

3.     Repurchase Option.

(a)   In the event (i) the Purchaser’s continuous
status as a Service Provider (“Continuous Status”) terminates for any or no
reason (including death or Disability and regardless of any appropriate court
finding such termination unfair or irregular on any basis whatsoever), or (ii)
the Purchaser is provided with notice of termination of employment (for
any reason and regardless of any appropriate court finding the related
termination unfair or irregular on any basis whatsoever) and ceases to provide
ongoing service to the Company during the notice period, the Company will, in
the period commencing on the earlier of the date of
such cessation as a Service Provider or the last date of ongoing
service after receiving a notice of termination of employment  (the  earlier of these dates is referred to herein
as the “Vesting Cessation Date”, as reasonably fixed and determined by the
Administrator) and ending three months later, have an irrevocable, exclusive
option to repurchase up to that number of Shares which constitute the
Unreleased Shares (as defined in Section 4) at the original Exercise Price per
share (the “Repurchase Price”) (the “Repurchase Option”).

(b)   The Repurchase Option may be
exercised by the Company by delivering written notice to the Purchaser or the
Purchaser’s executor (with a copy to the Escrow Holder (as defined in Section
6)) AND, at the Company’s option, (i) by delivering to the Purchaser or the
Purchaser’s executor a check in the amount of the aggregate Repurchase Price,
or (ii) by the Company canceling an amount of the Purchaser’s indebtedness to
the Company equal to the aggregate Repurchase Price, or (iii) by a combination
of (i) and (ii) so that the combined payment and cancellation of indebtedness
equals such aggregate Repurchase Price. 
Upon delivery of such notice and the payment of the aggregate Repurchase
Price in any of the ways described above, the Company will become the legal and
beneficial owner of the Unreleased Shares being repurchased and all rights and
interests therein or relating thereto, and 

the Company
will have the right to retain and transfer to its own name the number of
Unreleased Shares being repurchased by the Company.

(c)   If no cash consideration was
used to pay for the Restricted Stock (for example, if the Shares were purchased
by prior Service), the Repurchase Option will be exercised by the Company by
delivering written notice to the Purchaser or the Purchaser’s executor (with a
copy to the Escrow Holder (as defined in Section 6)). Upon delivery of such
notice, the Company will become the legal and beneficial owner of the
Unreleased Shares being repurchased and all rights and interests therein or
relating thereto, and the Company will have the right to retain and transfer to
its own name the number of Unreleased Shares being repurchased by the Company.

(d)   Whenever the Company will
have the right to repurchase the Unreleased Shares hereunder, the Company may
designate and assign one or more employees, officers, directors or shareholders
of the Company or other persons or organiza­tions to exercise all or a part of
the Company’s Repurchase Option to purchase all or a part of the Unreleased
Shares.  If the Fair Market Value of the
Unreleased Shares to be repurchased on the date of such designation or
assignment (the “Repurchase FMV”) exceeds the aggregate Repurchase Price of the
Unreleased Shares, then each such designee or assignee will pay the Company
cash equal to the difference between the Repurchase FMV and the aggregate Repurchase
Price of Unreleased Shares to be purchased.

(e)   If the Company or its
assignee does not elect to exercise the Repurchase Option conferred above by
giving the requisite notice within three (3) months following Purchaser’s
Vesting Cessation Date, the Repurchase Option will terminate.

4.     Release of Shares From
Repurchase Option.

(a)   The Repurchase Option shall lapse as the
Shares vest, as set forth in the Notice of Grant of Stock Purchase Right, or
any other duly authorized written agreement between Company and Purchaser.

(b)    Any of the Shares which
have not yet been released from the Company’s Repurchase Option are referred to
herein as “Unreleased Shares.”

(c)   The Shares which have been
released from the Company’s Repurchase Option will be delivered to the
Purchaser at the Purchaser’s request (see Section 6).

5.     Restriction on Transfer.  Except for the escrow described in Section 6
or transfer of the Shares to the Company or its assignees contemplated by this
Agreement, none of the Shares or any beneficial interest therein will be
transferred, encumbered or otherwise disposed of in any way until the release
of such Shares from the Company’s Repurchase Option in accordance with the
provisions of this Agreement, other than by will or the laws of descent and
distribution.

6.     Escrow of Shares.

(a)   To ensure the availability
for delivery of the Purchaser’s Unreleased Shares upon exercise of the
Repurchase Option by the Company, the Purchaser will, upon exercise of the
Stock Purchase Right, deliver and deposit with an escrow holder designated by
the Company (the “Escrow Holder”) the share certificates representing the
Unreleased Shares, together with the Assignment Separate from Certificate (the “Stock
Assignment”) duly endorsed in blank, attached hereto as Exhibit A-2.  The Unreleased Shares and Stock Assignment
will be held by the Escrow Holder, pursuant to the Joint Escrow Instructions of
the Company and Purchaser attached as Exhibit A-3 hereto, until such
time as the Company’s Repurchase Option expires.

(b)   The Escrow Holder will not be liable for any
act it may do or omit to do with respect to holding the Unreleased Shares in
escrow and while acting in good faith and in the exercise of its judgment.

(c)   If the Company or any
assignee exercises its Repurchase Option hereunder, the Escrow Holder, upon
receipt of written notice of such option exercise from the proposed transferee,
will take all steps necessary to accomplish such transfer.

(d)   When the Repurchase Option
has been exercised or expires unexercised or a portion of the Shares has been
released from such Repurchase Option, upon Purchaser’s request the Escrow
Holder will promptly cause a new certificate to be issued for such released
Shares and will deliver such certificate to the Company or the Purchaser, as
the case may be.

(e)   Subject to the terms hereof,
once the Stock Purchase Right is exercised, the Purchaser will have all the
rights of a shareholder, and shall be a shareholder when his or her purchase is
entered upon the records of the duly authorized transfer agent of the Company,
including without limitation, the right to vote the Shares and receive any cash
dividends declared thereon.  No
adjustment will be made for a dividend or other right for which the record date
is prior to the date the Stock Repurchase Right is exercised, except as
provided in Section 13 of the Plan.  If,
from time to time during the term of the Company’s Repurchase Option, there is
(i) any stock dividend, stock split or other change in the Shares, or (ii) any
merger or sale of all or substantially all of the assets or other acquisition
of the Company, any and all new, substituted or additional securities to which
the Purchaser is entitled by reason of the Purchaser’s ownership of the Shares
will be immediately subject to this escrow, deposited with the Escrow Holder
and included thereafter as “Shares” for purposes of this Agreement and the
Company’s Repurchase Option, in an amount proportional to the Unreleased
Shares.

7.     Restrictive Legends;
Stop-Transfer Orders; Refusal to Transfer.

(a)   Purchaser understands and
agrees that the Company will cause the legends set forth below or legends
substantially equivalent thereto, to be placed upon any certificate(s)
evidencing ownership of the Shares together with any other legends that may be
required by the Company or by applicable state or federal securities laws:

THE SHARES REPRESENTED BY
THIS CERTIFICATE ARE SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFER AND A
REPURCHASE OPTION HELD BY THE ISSUER OR ITS ASSIGNEE(S) AS SET FORTH IN THE
RESTRICTED STOCK PURCHASE AGREEMENT BETWEEN THE ISSUER AND THE ORIGINAL HOLDER
OF THESE SHARES, A COPY OF WHICH MAY BE OBTAINED AT THE PRINCIPAL OFFICE OF THE
ISSUER.  SUCH TRANSFER RESTRIC­TIONS,
RIGHT OF FIRST REFUSAL AND REPURCHASE OPTION ARE BINDING ON TRANSFEREES OF
THESE SHARES.

(b)   Stop-Transfer Notices.  Purchaser agrees that, in order to ensure
compliance with the restrictions referred to herein, the Company may issue
appropriate “stop transfer” instructions to its transfer agent, if any, and that,
if the Company transfers its own securities, it may make appropriate notations
to the same effect in its own records.

(c)   Refusal to Transfer.  The Company will not be required (i) to
transfer on its books any Shares that have been sold or otherwise transferred
in violation of any of the provisions of this Agreement or (ii) to treat
as owner of such Shares or to accord the right to vote or pay dividends to any
purchaser or other transferee to whom such Shares will have been so
transferred.

8.     Tax Withholding and Consequences.  Regardless of any action the Company takes
with respect to any or all income tax, social insurance, payroll tax, payment
on account or other tax-related withholding relating to the Shares (“Tax-Related
Items”), Purchaser acknowledges that the ultimate liability for all Tax-Related
Items legally due by Purchaser are and remain Purchaser’s responsibility and
that the Company (1) make no representations or undertakings regarding the
treatment of any Tax-Related Items in connection with any aspect of the grant
of Restricted Stock, including the grant of a Stock Purchase Right, vesting and
lapse of repurchase rights, the subsequent sale of shares and/or the receipt of
any dividends; and (2) do not commit to structure the terms of the grant
of a Stock Purchase Right or the terms of underlying Restricted Stock to reduce
or eliminate Purchaser’s liability for Tax-Related Items. Set forth below is a
brief summary as of the date of grant of this Stock Purchase Right of some of
the federal tax consequences of exercise of this Stock Purchase Right and
disposition of the Shares.  THIS SUMMARY
IS NECESSARILY INCOMPLETE, AND THE TAX LAWS AND REGULATIONS ARE SUBJECT TO
CHANGE.

As the Company’s
repurchase right lapses, Purchaser will immediately recognize compensation
income in an amount equal to the difference between the Fair Market Value of
the stock at the time the Company’s repurchase right lapses and the amount paid
for the stock, if any (the “Spread”), if you are a U.S taxpayer. If you are a
non-U.S. taxpayer, you will be subject to applicable taxes in your
jurisdiction.

Alternatively,
the Spread on all of the Shares will be recognized by Purchaser in connection
with the exercise of the stock purchase right for shares subject to the
Repurchase Option, if an election under Section 83(b) of the Code is filed with
the Internal Revenue Service within thirty (30) days of the date of exercise of
the right to purchase stock.  The form
for making this election is attached as Exhibit A-4 hereto.

If Purchaser
is an Employee or former Employee, the Spread will be subject to tax
withholding by the Company, and the Company will be entitled to a tax deduction
in the amount at the time the Purchaser recognizes ordinary income with respect
to a Stock Purchase Right.  Purchaser
agrees to make appropriate arrangements with the Company (or the Parent or
Subsidiary employing or retaining Purchaser) for the satisfaction of all federal,
state, and local income and employment tax withholding requirements applicable
to the purchase of Shares or the lapse of repurchase rights here­under.  Purchaser acknowledges and agrees that the
Company may refuse to honor the exercise and refuse to deliver Shares if such
withholding amounts are not delivered at the time of purchase.

The Administrator, in its sole discretion and pursuant to such
procedures as it may specify from time to time, may permit the Purchaser to
satisfy such tax withholding obligation, in whole or in part by one or more of
the following (without limitation): (i) paying
cash,  (ii) delivering to the
Company already vested and owned Shares having a Fair Market Value equal to the
minimum amount statutorily required to be withheld, (iii)
electing to have the Company withhold otherwise deliverable Shares having a
value equal to the minimum amount statutorily required to be withheld, or
(iv) selling a sufficient number of such Shares otherwise deliverable to
Purchaser through such means as the Company may determine in its sole
discretion (whether through a broker or otherwise) having a Fair Market Value
equal to the minimum amount required to be withheld.

PURCHASER ACKNOWLEDGES THAT IT IS THE PURCHASER’S SOLE
RESPONSIBILITY AND NOT THE COMPANY’S TO FILE TIMELY THE ELECTION UNDER SECTION
83(b), EVEN IF THE PURCHASER REQUESTS THE COMPANY OR ITS REPRESENTATIVES TO
MAKE THIS FILING ON THE PURCHASER’S BEHALF.

9.     No Guarantee of
Continued Service.  PURCHASER
ACKNOWLEDGES AND AGREES THAT THE RELEASE OF SHARES FROM THE REPURCHASE OPTION
OF THE COMPANY PURSUANT TO SECTION 4 HEREOF IS EARNED ONLY BY CONTINUING
SERVICE AS  A SERVICE PROVIDER AT THE
WILL OF THE COMPANY  (NOT THROUGH THE ACT
OF BEING HIRED OR PURCHASING SHARES HERE­UNDER).  PURCHASER FURTHER ACKNOWLEDGES AND AGREES
THAT THIS AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREUNDER AND THE VESTING
SCHEDULE SET FORTH HEREIN DO NOT CONSTITUTE AN EXPRESS OR 

IMPLIED
PROMISE OF CONTINUED ENGAGEMENT AS A SERVICE PROVIDER FOR THE VESTING PERIOD,
FOR ANY PERIOD, OR AT ALL, AND WILL NOT INTERFERE WITH PURCHASER’S RIGHT OR THE
COMPANY’S RIGHT TO TERMI­NATE PURCHASER’S CONTINUOUS STATUS AT ANY TIME, WITH
OR WITHOUT CAUSE.

(a)   Nature of Grant. In accepting the
offer to acquire Shares, Purchaser acknowledges that: (a) the Plan is
established voluntarily by the Company, it is discretionary in nature and it
may be modified, amended, suspended or terminated by the Company at any time,
unless otherwise provided in the Plan and this Agreement; (b) the grant of
a Stock Purchase Right and Restricted Stock is voluntary and occasional and
does not create any contractual or other right to receive future grants of
Stock Purchase Rights or Restricted Stock, or benefits in lieu of such grants
even if such awards have been granted repeatedly in the past; (c) all
decisions with respect to future Stock Purchase Rights, if any, will be at the
sole discretion of the Company; (d) Purchaser is voluntarily participating
in the Plan; (e) the grant of Stock Purchase Rights and Restricted Stock
is an extraordinary item that does not constitute compensation of any kind for
services of any kind rendered to the Company; (f) the Stock Purchase Right
and Restricted Stock are not part of normal or expected compensation or salary
for any purposes, including, but not limited to, resignation, termination,
redundancy, bonuses, long-service awards, pension or retirement benefits, life
insurance, 401(k) profit sharing or similar payments; (g) the future value
of the Shares is unknown and cannot be predicted with certainty; and (h) that
the Company will have the exclusive discretion to determine when Purchaser is
no longer providing ongoing service to the Company for purposes of
administering Purchaser’s grant of Stock Purchase Rights or Restricted Stock.

(b)   Data Privacy. By accepting this Stock
Purchase Right or any Restricted Stock in payment thereof, Purchaser explicitly
and unambiguously consents to the collection, use and transfer, in electronic
or other form, of Purchaser’s personal data as described in this document by
and among, as applicable, the Company, its subsidiaries and affiliates for the
exclusive purpose of implementing, administering and managing Purchaser’s
participation in the Plan. For the purpose of implementing, administering and
managing the Plan, Purchaser understands that the Company  holds certain personal information about
Purchaser, including, but not limited to, Purchaser’s name, home address and
telephone number, date of birth, Tax ID or other identification number, salary,
nationality, job title, any equity or directorships held in the Company,
details of all equity awards or any entitlement to Shares awarded, canceled,
exercised, vested, unvested or outstanding in Purchaser’s favor, for the
purpose of implementing, administering and managing the Plan (“Data”).
Purchaser understands that Data may be transferred to any third parties
assisting in the implementation, administration and management of the Plan,
that these recipients may be located in Purchaser’s country or elsewhere. The
Company, as a global company, may transfer Purchaser’s personal data to countries
which may not provide an adequate level of protection. The Company, however, is
committed to providing a suitable and consistent level of protection for
Purchaser’s personal data regardless of the country in which it resides.
Purchaser understands that he or she may request information regarding the
Company’s stock plan administration by contacting Human Resources, the Chief
Financial Officer or their designee. Purchaser authorizes the recipients to
receive, possess, use, retain and transfer the Data, in electronic or other
form, for the purposes of implementing, administering and managing Purchaser’s
participation in the Plan, including any requisite transfer of such Data 

as may be required to a broker
or other third party with whom Purchaser deposits any Shares issued at vesting
or other scheduled payout. Purchaser understands that Data will be held as long
as is necessary to implement, administer and manage the Plan. Purchaser
understands that he or she may, at any time, view Data, request additional
information about the storage and processing of Data, require any necessary
amendments to Data or refuse or withdraw the consents herein, in any case
without cost, by contacting in writing Human Resources or the Chief Financial
Officer. Purchaser understands, however, that refusing or withdrawing his or
her consent may affect Purchaser’s ability to participate in the Plan. For more
information on the consequences of Purchaser’s refusal to consent or withdrawal
of consent, Purchaser understands that he or she may contact Human Resources,
the Chief Financial Officer or their designee.

(c)   Electronic Delivery. The Company may,
in its sole discretion, decide to deliver any documents related to the award of
Stock Purchase Rights or issuance of Restricted Stock and participation in the
Plan or future Stock Purchase Rights or Restricted Stock that may be awarded
under the Plan by electronic means or to request Purchaser’s consent to
participate in the Plan by electronic means. Purchaser hereby consents to
receive such documents by electronic delivery and, if requested, to agree to
participate in the Plan through an on-line or electronic system established and
maintained by the Company or another third party designated by the Company.

10.   Notices.  Any notice, demand or request required or
permitted to be given by either the Company or the Purchaser pursuant to the
terms of this Agreement will be in writing and will be deemed given when
delivered personally or deposited in the U.S. mail, First Class with postage prepaid,
and addressed to the parties at the addresses of the parties set forth at the
end of this Agreement or such other address as a party may request by notifying
the other in writing, or when delivered electronically pursuant to Section
9(c).

Any notice to the Escrow Holder will be sent to the Company’s address
with a copy to the other party not sending the notice.

11.   No Waiver.  Either party’s failure to enforce any
provision or provisions of this Agreement will not in any way be construed as a
waiver of any such provision or provisions, nor prevent that party from
thereafter enforcing each and every other provision of this Agreement.  The rights granted both parties herein are
cumulative and will not constitute a waiver of either party’s right to assert
all other legal remedies available to it under the circumstances.

12.   Successors and Assigns.  The Company may assign any of its rights
under this Agreement to single or multiple assignees, and this Agreement will
inure to the benefit of the successors and assigns of the Company.  Subject to the restrictions on transfer
herein set forth, this Agreement will be binding upon Purchaser and his or her
heirs, executors, administrators, successors and assigns.

13.   Interpretation.  Any dispute regarding the interpretation of
this Agreement will be submitted by Purchaser or by the Company forthwith to
the Administrator which will review such dispute at its next regular
meeting.  The resolution of such a
dispute by the Administrator will be final and binding on all parties.

14.   Governing Law;
Severability.  This Agreement is
governed by the internal substantive laws but not the choice of law rules, of
California.

15.   Entire Agreement.  The Plan is incorporated herein by
reference.  This Agreement (including the
exhibits referenced herein), the Plan and the Investment Representation
Statement constitute the entire agreement of the parties with respect to the
subject matter hereof and supersede in their entirety all prior undertakings
and agreements of the Company and Purchaser with respect to the subject matter
hereof, and may not be modified adversely to the Purchaser’s interest except by
means of a writing signed by the Company and Purchaser. Notwithstanding
anything to the contrary in the Plan or this Agreement, the Company reserves
the right to revise this Agreement as it deems necessary or advisable, in its
sole discretion and without Purchaser’s consent, to comply with
Section 409A or to otherwise avoid imposition of any additional tax or
income recognition under Section 409A prior to the actual issuance of
Restricted Stock or prior to the lapse of repurchase rights under this
Agreement.

By Purchaser’s signature above, Purchaser represents that he or she is
familiar with the terms and provisions of the Plan, and hereby accepts this
Agreement subject to all of the terms and provisions thereof.  Purchaser has reviewed the Plan and this
Agreement in their entirety, has had an opportunity to obtain the advice of
counsel prior to executing this Agreement and fully understands all provisions
of this Agreement.  Purchaser agrees to
accept as binding, conclusive and final all decisions or interpretations of the
Administrator upon any questions arising under the Plan or this Agreement.  Purchaser further agrees to notify the Company
upon any change in the residence indicated in the Notice of Grant of Stock
Purchase Right.

EXHIBIT A-2

ASSIGNMENT SEPARATE FROM CERTIFICATE

FOR VALUE RECEIVED I,         
             ,
hereby sell, assign and transfer unto QuickLogic Corporation             
shares of the Common Stock of QuickLogic Corporation standing in my name on the
books of said corporation represented by Certificate No.     
herewith and do hereby irrevocably constitute and appoint         
             
to transfer the said stock on the books of the within named corporation with
full power of substitution in the premises.

This Stock Assignment may be used only in accordance
with the Restricted Stock Purchase Agreement between QuickLogic Corporation and
the undersigned dated          
  ,      (the “Agreement”).

	
  Dated:          
    ,    

  	
  Signature:

  	
   

  

INSTRUCTIONS:
Please do not fill in any blanks other than the signature line.  The purpose of this assignment is to enable
the Company to exercise its Repurchase Option as set forth in the Agreement,
without requiring additional signatures on the part of the Purchaser.

EXHIBIT A-3 

JOINT ESCROW INSTRUCTIONS

         
  ,     

QuickLogic Corporation

1277 Orleans Drive

Sunnyvale, CA 
94089

Attention:
Corporate Secretary

Dear Corporate
Secretary:

As Escrow Agent for both QuickLogic Corporation (the “Company”)
and the undersigned purchaser of stock of the Company (the “Purchaser”), you
are hereby authorized and directed to hold the documents delivered to you pursuant
to the terms of that certain Restricted Stock Purchase Agreement (“Agreement”)
between the Company and the undersigned, in accordance with the following
instructions:

1.             In the event the
Company and/or any assignee of the Company (referred to collectively for
convenience herein as the “Company”) exercises the Company’s repurchase option
set forth in the Agreement (the “Repurchase Option”), the Company will give to
Purchaser and you a written notice specifying the number of shares of stock to
be purchased, the purchase price, and the time for a closing hereunder at the
principal office of the Company. 
Purchaser and the Company hereby irrevocably authorize and direct you to
close the transac­tion contemplated by such notice in accordance with the terms
of said notice.

2.             At the closing, you
are directed (a) to date the stock assignments necessary for the transfer
in question, (b) to fill in the number of shares being transferred, and
(c) to deliver same, together with the certificate evidencing the shares
of stock to be transferred, to the Company or its assignee, against the
simultaneous delivery to you of the purchase price (by cash, a check, or some
combination thereof) for the number of shares of stock being purchased pursuant
to the exercise of the Company’s Repurchase Option.

3.             Purchaser
irrevocably authorizes the Company to deposit with you any certificates
evidencing shares of stock to be held by you hereunder and any additions and
substitutions to said shares as defined in the Agreement.  Purchaser does hereby irrevocably constitute
and appoint you as Purchaser’s attorney-in-fact and agent for the term of this
escrow to execute with respect to such securities all documents necessary or
appropriate to make such securities negotiable and to complete any transaction
herein contemplated.  Subject to the
provisions of this paragraph 3, Purchaser will exercise all rights and
privileges of a shareholder of the Company while the stock is held by you.

4.             Upon written
request of the Purchaser, unless the Company’s Repurchase Option has been
exercised, you will deliver to Purchaser a certificate or certificates
representing so many shares of stock as are not then subject to the Company’s
Repurchase Option.  Within four (4)
months after cessation of Purchaser’s continuous employment by or services to
the Company, or any parent or subsidiary of the Company, you will deliver to
Purchaser a certificate or certificates representing the aggregate number of
shares held or issued pursuant to the Agreement and not purchased by the
Company or its assignees pursuant to exercise of the Company’s Repurchase
Option.

5.             If at the time of
termination of this escrow you should have in your possession any documents,
securities, or other property belonging to Purchaser, you will deliver all of
the same to Purchaser and will be discharged of all further obligations
hereunder.

6.             Your duties
hereunder may be altered, amended, modified or revoked only by a writing signed
by all of the parties hereto.

7.             You will be
obligated only for the performance of such duties as are specifically set forth
herein and may rely and will be protected in relying or refraining from acting
on any instrument reasonably believed by you to be genuine and to have been
signed or presented by the proper party or parties.  You will not be personally liable for any act
you may do or omit to do hereunder as Escrow Agent or as attorney-in-fact for
Purchaser while acting in good faith, and any act done or omitted by you pursuant
to the advice of your own attorneys will be conclusive evidence of such good
faith.

8.             You are hereby
expressly authorized to disregard any and all warnings given by any of the
parties hereto or by any other person or corporation, excepting only orders or
process of courts of law and are hereby expressly authorized to comply with and
obey orders, judgments or decrees of any court. 
In case you obey or comply with any such order, judgment or decree, you
will not be liable to any of the parties hereto or to any other person, firm or
corporation by reason of such compliance, notwithstanding any such order,
judgment or decree being subsequently reversed, modified, annulled, set aside,
vacated or found to have been entered without jurisdiction.

9.             You will not be
liable in any respect on account of the identity, authorities or rights of the
parties executing or delivering or purporting to execute or deliver the
Agreement or any documents or papers deposited or called for hereunder.

10.           You will not be
liable for the outlawing of any rights under the Statute of Limitations with
respect to these Joint Escrow Instructions or any documents deposited with you.

11.           You will be entitled
to employ such legal counsel and other experts as you may deem necessary
properly to advise you in connection with your obligations hereunder, may rely
upon the advice of such counsel, and may pay such counsel reasonable
compensation therefore.

12.           Your
responsibilities as Escrow Agent hereunder will terminate if you will cease to
be an officer or agent of the Company or if you will resign by written notice
to each party.  In the event of any such
termination, the Company will appoint a successor Escrow Agent.

13.           If you reasonably
require other or further instruments in connection with these Joint Escrow
Instructions or obligations in respect hereto, the necessary parties hereto
will join in furnishing such instruments.

14.           It is understood and
agreed that should any dispute arise with respect to the delivery and/or
ownership or right of posses­sion of the securities held by you hereunder, you
are authorized and directed to retain in your possession without liability to
anyone all or any part of said securities until such disputes will have been
settled either by mutual written agreement of the parties concerned or by a
final order, decree or judgment of a court of competent jurisdiction after the
time for appeal has expired and no appeal has been perfected, but you will be
under no duty whatsoever to institute or defend any such proceedings.

15.           Any notice required
or permitted hereunder will be given in writing and will be deemed effectively
given upon personal delivery or upon deposit in the United States Post Office,
by registered or certified mail with postage and fees prepaid, addressed to
each of the other parties thereunto entitled at the following addresses or at
such other addresses as a party may designate by ten (10) days advance written
notice to each of the other parties hereto.

	
  

  	
  COMPANY:

  	
   

  	
  QuickLogic Corporation

  	
   

  
	
   

  	
   

  	
   

  	
  1277 Orleans Drive

  	
   

  
	
   

  	
   

  	
   

  	
  Sunnyvale, CA 94089

  	
   

  
	
   

  	
   

  	
   

  	
  Attention: Corporate Secretary

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  PURCHASER:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  ESCROW AGENT:

  	
   

  	
  QuickLogic Corporation

  	
   

  
	
   

  	
   

  	
   

  	
  1277 Orleans Drive

  	
   

  
	
   

  	
   

  	
   

  	
  Sunnyvale, CA 94089

  	
   

  
	
   

  	
   

  	
   

  	
  Attention: Corporate Secretary

  	
   

  

 

16.           By signing these
Joint Escrow Instructions, you become a party hereto only for the purpose of
said Joint Escrow Instructions; you do not become a party to the Agreement.

17.           This instrument will
be binding upon and inure to the benefit of the parties hereto, and their
respective successors and permitted assigns.

18.           The Restricted Stock
Purchase Agreement is incorporated herein by reference.  These Joint Escrow Instructions, the 1999
Stock Plan and the Restricted Stock Purchase Agreement (including the exhibits
referenced therein) constitute the entire agreement of the parties with respect
to the subject matter hereof and supersede in their entirety all prior
undertakings and agreements of the Escrow Agent, the Purchaser and the Company
with respect to the subject matter hereof, and may not be modified except by
means of a writing signed by the Escrow Agent, the Purchaser and the Company.

19.           These Joint Escrow Instructions will
be governed by, and construed and enforced in accordance with, the laws of the
State of California.

	
  

  	
   

  	
   

  	
  Very truly yours,

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  QUICKLOGIC CORPORATION

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  PURCHASER:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  (Signature)

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  (Typed or Printed Name)

  	
   

  	
   

  
	
  ESCROW AGENT:

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Corporate Secretary

  	
   

  	
   

  	
   

  	
   

  	
   

  
							

 

EXHIBIT A-4

ELECTION
UNDER SECTION 83(b)

OF THE INTERNAL REVENUE CODE OF 1986

The undersigned
taxpayer hereby elects, pursuant to the above-referenced Federal Tax Code, to
include in taxpayer’s gross income for the current taxable year, the amount of
any compensation taxable to taxpayer in connection with his receipt of the
property described below:

1.                                       The
name, address, taxpayer identification number and taxable year of the
undersigned are as follows:

	
  NAME:

  	
  TAXPAYER:

  	
  SPOUSE:

  
	
   

  	
   

  	
   

  
	
  ADDRESS:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  IDENTIFICATION NO.:

  	
  TAXPAYER:

  	
  SPOUSE:

  
	
   

  	
   

  	
   

  
	
  TAXABLE YEAR:

  	
   

  	
   

  

2.                                       The
property with respect to which the election is made is described as follows:          
shares (the “Shares”) of the Common Stock of QuickLogic Corporation (the “Company”).

3.                                       The
date on which the property was transferred is:          
   ,     .

4.                                       The
property is subject to the following restrictions:

The Shares may be
repurchased by the Company, or its assignee, on certain events.  This right lapses with regard to a portion of
the Shares based on the continued performance of services by the taxpayer over
time.

5.                                       The
fair market value at the time of transfer, determined without regard to any
restriction other than a restriction which by its terms will never lapse, of
such property is:

$                         

6.                                       The
amount (if any) paid for such property is:

$                         

The undersigned has submitted a copy of this statement to the person
for whom the services were performed in connection with the undersigned’s
receipt of the above-described property. 
The transferee of such property is the person per­forming the services
in connection with the transfer of said property.

The undersigned
understands that the foregoing election may not be revoked except with the consent
of the Commissioner.

	
  Dated:          
    ,    

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  , Taxpayer

  
	
  The undersigned spouse of taxpayer joins in this
  election.

  	
   

  	
   

  
	
  Dated:          
    ,

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00123-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00123-of-00352.parquet"}]]