Document:

Directors Deferred Stock Units Plan

 EXHIBIT 10.2 
 TIDEWATER INC. 
 DIRECTORS DEFERRED STOCK UNITS PLAN 
 1. Purpose of the Plan. 
 The purpose of the Tidewater
Inc. Directors Deferred Stock Units Plan is to promote the interests of Tidewater Inc. (the “Company”) and its stockholders by strengthening the Company’s ability to attract, motivate and retain directors of experience and ability,
and to encourage the highest level of director performance by providing directors with a proprietary interest in the Company’s financial success and growth. 
 2. Definitions. 
 Certain terms used herein are defined as follows: 
 2.1 “Award Notice” means any written or electronic notice of grant, evidencing any grant of stock units. 
 2.2 “Board” means the Board of Directors of the Company. 
 2.3 “Change of Control” means a “Change of Control” as defined in the Company’s 2006 Stock Incentive Plan, provided such event also constitutes a change in ownership or effective control of
the Company or a change in the ownership of a substantial portion of the Company’s assets, as such terms are defined in Section 409A. 
 2.4 “Committee” means the Nominating and Corporate Governance Committee of the Board or a subcommittee thereof. The Committee shall consist of not fewer than two members of the Board, each of whom shall qualify as a
“non-employee director” under Rule 16b-3 promulgated under the Securities Exchange Act of 1934, or any successor rule. 
 2.5
“Common Stock” means the common stock, $0.10 par value per share, of the Company. 
 2.6 “Company” or
“Tidewater” means Tidewater Inc., a Delaware corporation. 
 2.7 “Compensation Amount” shall mean the dollar amount of
compensation that each Director shall receive in the form of Stock Units each year. The initial Compensation Amount shall be $100,000 and may be changed from time to time by the Committee. 
 2.8 “Director” means a member of the Board who is not employed by the Company or any of its subsidiaries. 
 2.9 “Fair Market Value” means (a) if the Common Stock is listed on an established stock exchange or any automated quotation system that
provides sale quotations, the closing sale price for a share of the Common Stock on such exchange or quotation system on the applicable date, or if no sale of the Common Stock shall have been made on that day, on the next preceding day on which
there was a sale of the Common Stock; (b) if the Common Stock is not listed on any exchange or quotation system, but bid and asked prices are quoted and published, the mean 

 
between the quoted bid and asked prices on the applicable date, and if bid and asked prices are not available on such day, on the next preceding day on which
such prices were available; and (c) if the Common Stock is not regularly quoted, the fair market value of a share of Common Stock on the applicable date as established by the Committee in good faith. 
 2.10 “Participant” means each Director (as defined in Section 2.7). 
 2.11 “Plan” means the Tidewater Inc. Directors Deferred Stock Units Plan as set forth herein and as amended, restated, supplemented or
otherwise modified from time to time. 
 2.12 “Property Distribution” means the fair market value of any securities or property,
other than Common Stock, distributed in respect of a share of Common Stock. 
 2.13 “Section 409A” means Section 409A of the
Internal Revenue Code of 1986, as amended, and the regulations and guidance issued thereunder. 
 2.14 “Stock Unit” means a right
granted under Section 4 of the Plan with the terms and conditions described herein. 
 2.15 “Stock Unit Account” means the
bookkeeping account maintained for each Participant that reflects (a) all Stock Units granted to the Participant, (b) all Stock Units added as a result of dividend equivalents deemed to be reinvested in Stock Units, and (c) any
securities or property distributions that were not deemed reinvested in additional Stock Units. 
 3. Administration of the Plan. 
 3.1 The Plan shall be administered by the Committee, which shall have the power to interpret the Plan and, subject to its provisions, to prescribe, amend
and rescind Plan rules and to make all determinations necessary for the Plan’s administration. Notwithstanding the foregoing, the Board shall have the authority to amend or discontinue the Plan, as provided in Section 8 hereof. 

3.2 All action taken by the Committee in the administration and interpretation of the Plan shall be final and binding upon all parties. No member of
the Committee or of the Board will be liable for any action or determination made in good faith by the Committee or the Board with respect to the Plan or any Stock Unit. 
 3.3 Neither the Committee nor the Board has the authority to make discretionary grants of Stock Units under the Plan. Grants may be made only as provided in Section 4 hereof. 
 4. Grant of Stock Units. 
 4.1 Beginning on
March 31, 2007 and on each succeeding March 31 that the Plan remains in effect, each Participant will be automatically granted a number of Stock Units having an aggregate value equal to the Compensation Amount for that year. The number of
Stock Units to be granted each year will be determined by dividing the Compensation Amount by the Fair Market Value of a share of Common Stock on the applicable March 31 and rounding up to the nearest whole number of Stock Units. Stock Units
shall be compensation for the preceding fiscal year. 
  

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 4.2 While the Plan remains in effect, a person who becomes a Director during the fiscal year shall be
granted a pro rata number of Stock Units determined as follows (rounded up to the nearest whole number): 
  

											
	Compensation Amount	  	x  	  	 Number of calendar days
 between the date the person
 becomes a Director
and the
 following March 31
	  	=	  	Pro rata
portion of
Compensation
Amount	 	
		  		  	365	  		  	 

  

							
		 	 Pro rata portion of
 Compensation Amount
	  	=	  	Number of Stock Units granted
		 	 Fair Market Value of a share
 of Common Stock on the date
 the new Director joins

the Board
	  		  	

 4.3 While the Plan remains in effect, in the event of a Change of Control during the fiscal year, a
Director shall be granted immediately prior to the effectiveness of the Change of Control a pro rata number of Stock Units determined as follows (rounded up to the nearest whole number): 
  

											
	Compensation Amount	  	x  	  	 Number of calendar days
 between the preceding
 March 31 and the
date of the
 Change of Control
	  	=	  	Pro rata
portion of
Compensation
Amount	 	
		  		  	365	  		  	 

  

							
		 	 Pro rata portion of
 Compensation Amount
	  	=	  	Number of Stock Units granted
		 	Fair Market Value of a share of Common Stock on the date preceding the Change of Control	  		  	

 4.4 All Stock Units granted shall be credited to a Stock Unit Account for each Participant.

 5. Terms and Conditions of Stock Units. 
 5.1 Subject to the terms, conditions, and restrictions set forth herein or in an Award Notice, each Stock Unit granted under Section 4 hereof represents the right to automatically receive from the Company the Fair Market Value of one
share of Common Stock in cash. Payment of Stock Units shall be made upon the earlier of the date that is 15 days following the date the Participant ceases to be a Director for any reason (the “Termination Date”) or upon a Change of Control
of the Company, unless payment has been deferred in accordance with Section 5.5. 
 5.2 Each Stock Unit shall vest immediately upon
grant. 
  

 3 

 5.3 Except as provided in Section 5.4, a Stock Unit shall not entitle the Participant to any
incidents of ownership (including, without limitation, dividend and voting rights) in any share of Common Stock. 
 5.4 From and after the
date of grant of a Stock Unit until the earlier of the Termination Date or a Change of Control of the Company, the Participant shall be credited, as of the payment date therefor, with (a) the amount of any cash dividends, (b) the amount
equal to the Fair Market Value of any shares of Common Stock and (c) any Property Distributions to which the Participant would have been entitled had the Participant been a record holder of one share of Common Stock for each Stock Unit at all
times from the date of grant of such Stock Unit to such issuance date. All such credits shall be made notionally to each Participant’s Stock Unit Account. All such credits shall be converted into additional Stock Units based upon the Fair
Market Value of a share of Common Stock on the date of payment of the dividend or Property Distribution. The Committee may, in its discretion, deposit in the Participant’s Stock Unit Account the securities or property comprising any Property
Distribution in lieu of crediting such Stock Unit Account with the Fair Market Value thereof. 
 5.5 A Participant may make an election on a
form provided by the Committee, substantially in the form attached hereto as Exhibit A, to receive a payout of Stock Units in five annual installments following the Termination Date rather than in a lump sum. Such election may be made under the
transition rules issued with respect to Section 409A and may be made by December 31, 2006 with respect to amounts that would be payable after 2006, may be made by December 31, 2007 with respect to amounts that would be payable after
2007 and shall take effect in 12 months. Elections may also be made and revoked for Stock Units to be earned as future fiscal year compensation, if the election or revocation is made prior to the beginning of such fiscal year. If a Participant makes
an election to receive a payout of his or her Stock Unit Account in annual installments, the installments would begin 30 days following the Termination Date and continue on each of the next four anniversary dates thereof. Interest would be paid on
the unpaid balance in an amount equal to the interest rate paid on ten-year U.S. Treasury Notes at the time of payment, plus 1.5%. Each annual installment amount would be calculated as follows: 
  

							
		 	1	  	    x    	  	 Total value of unpaid
 Stock Unit
Account

		 	 number of remaining
 installment payments
	  		  

 6. Adjustment Provisions. 
 In the event of any recapitalization, reclassification, stock dividend, stock split, combination of shares or other change in the Common Stock, the number of outstanding Stock Units granted hereunder and credited to a
Stock Unit Account shall be equitably adjusted in proportion to the change in outstanding shares of Common Stock. 
 7. General Provisions.

 7.1 Nothing in the Plan or in any instrument executed pursuant to the Plan will confer upon any Participant any right to continue as a
Director or affect the right of the Company to terminate the services of any Participant. 
  

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 7.2 The Company shall have the right to withhold from the payment of any Stock Unit under this Plan, or
to collect as a condition of payment, any taxes required by law to be withheld. 
 7.3 No Stock Units or rights to payments hereunder may be
transferred, pledged, assigned or otherwise encumbered by a Participant except: 
 (a) by will; 
 (b) by the laws of descent and distribution; or 
 (c)(i) to Immediate Family Members, (ii) to a partnership in which the Participant and/or Immediate Family Members, or entities in which the Participant and/or Immediate Family Members are the sole owners, members or beneficiaries, as
appropriate, are the sole partners, (iii) to a limited liability company in which the Participant and/or Immediate Family Members, or entities in which the Participant and/or Immediate Family Members are the sole owners, members or
beneficiaries, as appropriate, are the sole members, (iv) to a trust for the sole benefit of the participant and/or Immediate Family Members, or (v) to a charity or other non-profit organization. “Immediate Family Members” shall
be defined as the spouse and natural or adopted children or grandchildren of the participant and their spouses. Any attempted assignment, transfer, pledge, hypothecation or other disposition of a Stock Unit or right to payment thereunder or levy of
attachment, or similar process upon a Stock Unit or right to payment hereunder not specifically permitted herein, shall be null and void and without effect. 
 7.4 Each Stock Unit shall be evidenced by an Award Notice, including terms and conditions consistent with the Plan, as the Committee may determine. 
 7.5 The Plan is intended to comply with the requirements of Section 409A and shall be construed accordingly. 
 7.6 Each Participant shall have the right, at any time, to designate a Beneficiary or Beneficiaries to receive, in the event of the Participant’s
death, those benefits payable under the Plan. The Beneficiary(ies) designated under the Plan may be the same as or different from the Beneficiary designation made under any other plan of the Company. If a Participant fails to designate a
Beneficiary, or if all designated Beneficiaries predecease the Participant or die prior to complete distribution of the Participant’s benefits, then the Participant’s designated Beneficiary shall be deemed to be his surviving spouse. If
the Participant has no surviving spouse, the benefits remaining under the Plan shall be payable to the executor or personal representative of the Participant’s estate. The payment of benefits under the Plan to a Beneficiary shall fully and
completely discharge the Company and the Committee from all further obligations under this Plan with respect to the Participant. 
 7.7
Participants and their Beneficiaries, heirs, successors and assigns shall have no legal or equitable rights, interests or claims in any property or assets of the Company. For purposes of the payment of benefits under this Plan, any and all of the
Company’s assets, shall be, and remain, the general unrestricted assets of the Company. The Company’s obligation under the Plan shall be merely that of an unfunded and unsecured promise to pay money in the future. 
  

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 8. Amendment, Discontinuance or Termination of the Plan. 
 The Board may amend or discontinue the Plan at any time; provided, however, that no such amendment may materially impair, without the consent of
the Participant, a Stock Unit previously granted, unless required in order to bring the Plan into compliance with Section 409A; and, provided further, that no amendment or discontinuance may accelerate the timing of the payment of Stock
Units, unless the amendment or discontinuance is permitted by Section 409A. The Company may terminate the Plan and accelerate the payment of benefits as permitted in §1.409A-3(h)(2)(viii) of the currently proposed regulations under
Section 409A (or a successor provision) in the event of an arrangement termination in connection with a corporate dissolution or bankruptcy, in connection with a change of control event or in connection with a termination of all arrangements
that would be aggregated with the Plan under Section 409A. 
 EXECUTED effective this 13th day of December, 2006. 
  

							
	WITNESSES:	 		  	TIDEWATER INC.
				
	  
	 		  	By:	  	 /s/ Cliffe F. Laborde

		 		  		  	Cliffe F. Laborde
	  
	 		  		  	Executive Vice President,
		 		  		  	Secretary and General Counsel

  

			
	ATTEST:
		
	By:	 	 /s/ Michael L. Goldblatt

		 	Michael L. Goldblatt
		 	Assistant Secretary

  

 6 

 Exhibit A 
 TIDEWATER INC. 
 DIRECTORS DEFERRED STOCK UNITS PLAN 
 Election to Receive Distribution in Installments 
 I am a participant in the Tidewater Inc. Directors Deferred Stock Units Plan (the “Plan”). I understand that the balance of my Stock Units Account in the Plan will be distributed to me or to my beneficiaries
in a lump sum, unless I otherwise elect within the time period provided in the Plan to receive my distribution in five annual installments. 
 (Please check below to receive payment for your Stock Units in five annual installments.) 
  

	 	 ̈	I hereby elect to receive the distribution of the balance of my Stock Units Account in the Plan in five annual installments. I understand that, notwithstanding this election, upon
my death or upon a Change of Control, as defined in the Plan, my remaining Stock Unit Account balance will be distributed in a lump sum. 

 Under the transition rules applicable to Section 409A of the Internal Revenue Code, 
 (a) if this
election is executed and received by Tidewater in calendar year 2006, this election cannot apply to amounts that are otherwise payable in 2006, 
 (b) if this election is executed and received by Tidewater in calendar year 2007, this election cannot apply to amounts that are otherwise payable in 2007, and 
 (c) this election shall not take effect until 12 months following the date received by Tidewater. 
 All the
terms of this election shall be governed by the Plan and any amendment thereto. All of the terms and conditions of the Plan are incorporated herein by reference. 
 I understand that this election shall remain in effect for Stock Units to be earned in future years unless revoked by written notice to the Tidewater Inc. Employee Benefits Department. 
  

							
	Date:	 	  
	 		  	  

		 		 		  	(Signature of Participant)
				
		 		 		  	  

		 		 		  	(Print Name of Participant)
			
	Received by Tidewater Inc.	 		  	
				
	Date:	 	  
	 		  	
				
	By:	 	  
	 		  	

  

 A-1 

 Exhibit B 
 TIDEWATER INC. 
 DIRECTORS DEFERRED STOCK UNITS PLAN 
 Designation of Beneficiary 
 1. I am a participant in
the Tidewater Inc. Directors Deferred Stock Units Plan (the “Plan”) and I hereby designate the following as my beneficiaries under the Plan: 
  

					
	 Name and Address (and age if under 18)
	  	 Relationship/ S.S. Number
	  	Percentage Share (s)*
	  	  	  	  	  
	(print complete legal name)	  	(print relationship)	  	(print percentage share)
	  	  	  	  	  
	(print complete address)	  	(print social security number)	  	
	  	  	  	  	  
	(print complete legal name)	  	(print relationship)	  	(print percentage share)
	  	  	  	  	  
	(print complete address)	  	(print social security number)	  	
	  	  	  	  	  
	(print complete legal name)	  	(print relationship)	  	(print percentage share)
	  	  	  	  	  
	(print complete address)	  	(print social security number)	  	
	  	  	  	  	  
	(print complete legal name)	  	(print relationship)	  	(print percentage share)
	  	  	  	  	  
	(print complete address)	  	(print social security number)	  	
		  		  	100%
		  		  	 

	*	Total Primary Beneficiary(ies) Must equal 100% 

  

			
	Note:	 	If a primary beneficiary predeceases the undersigned participant, the deceased primary beneficiary’s share shall be shared pro rata by the remaining primary beneficiaries named
above.

  

 B-1 

 Contingent Beneficiary(ies): 
 (If more than one contingent beneficiary is to be named, use the additional spaces below and indicate each contingent beneficiary’s share. The total of Percentage Shares must equal 100%*.) 
  

			
	Note:	 	Contingent beneficiaries will only be entitled to receive benefits hereunder if all primary beneficiaries are deceased.

  

					
	 Name and Address (and age if under 18)
	  	 Relationship/ S.S. Number
	  	Percentage Share (s)*
	  	  	  	  	  
	(print complete legal name)	  	(print relationship)	  	(print percentage share)
	  	  	  	  	  
	(print complete address)	  	(print social security number)	  	
	  	  	  	  	  
	(print complete legal name)	  	(print relationship)	  	(print percentage share)
	  	  	  	  	  
	(print complete address)	  	(print social security number)	  	
	  	  	  	  	  
	(print complete legal name)	  	(print relationship)	  	(print percentage share)
	  	  	  	  	  
	(print complete address)	  	(print social security number)	  	
	  	  	  	  	  
	(print complete legal name)	  	(print relationship)	  	(print percentage share)
	  	  	  	  	  
	(print complete address)	  	(print social security number)	  	
		  		  	100%
		  		  	 

	*	Total Contingent Beneficiary(ies) Must equal 100% 

 Note: Any distribution
following death shall be made in a lump sum. 
 2. Any change in designation of beneficiary is effective upon execution by the participant, provided the form
is received by Tidewater prior to the date of death. 
 3. This designation shall be subject to the terms of, and any amounts which become payable hereunder
shall be governed by, the Plan as from time to time in effect. 
  

							
	Date:	 	  
	 		  	  

		 		 		  	(Signature of Participant)
			
	Received by Tidewater Inc.	 		  	
				
	Date:	 	  
	 		  	
	By:	 	  
	 		  	

  

 B-2AMENDMENT NO 1 TO ASSET AND STOCK PURCHASE AGREEMENT (TEXAS INST. & SENSATA)

 Exhibit 10.7 
 AMENDMENT NO. 1 
 TO ASSET AND STOCK PURCHASE AGREEMENT 
 AMENDMENT NO. 1 (this “Amendment”), dated as of March 30, 2006 to the Asset and Stock Purchase Agreement,
between Texas Instruments Incorporated (“Seller”) and S&C Purchase Corp., dated as of January 8, 2006 (The “Agreement”). 
 W I T N E S S E T H : 
 WHEREAS, the Seller and Buyer have entered into the
Agreement; 
 WHEREAS, subject to the terms and conditions of Section 13.04 of the Agreement, S&C Purchase Corp. transferred and
conveyed to Potazia Holding B.V. (“Buyer”) all of its right, title, interest and obligations in, to or under the agreement (the “Assignment”) effective as of February 8, 2006; and 
 WHEREAS, the parties desire to amend the Agreement pursuant to Section 13.2 to reflect the changes set forth herein. 
 NOW, THEREFORE, the parties hereto agree as follows: 
 Section 1 . Definitions. Each capitalized term used and not otherwise defined herein shall have the meaning assigned to such term in the Agreement. 
 Section 2 . S&C Korea Restructuring. 
 (a) Prior to the Closing, Seller shall cause Texas Instruments Korea Limited (“TI Korea”) to effect a “spin-off” resulting in the creation by operation of Applicable Law of a new entity, Sensors &
Controls Korea Limited (“S&C Korea”), which shall be a wholly-owned Subsidiary of Seller; 
 (b) as a result of the
foregoing “spin-off” process, S&C Korea shall hold (A) all of TI Korea’s right, title and interest in, to and under the Purchased Assets, but excluding all right, title and interest in, to and under the Excluded Assets
(including those properties listed in Exhibit A hereto), (B) all Liabilities of TI Korea that are Assumed Liabilities (the “Korea Assumed Liabilities”), but excluding those Liabilities which are Excluded Liabilities or
Purchased Subsidiary Liabilities (including those items described on Exhibit B hereto) (the “Korea Excluded Liabilities”); and (C) any employee of TI Korea who is a Business Employee. 
 The transactions contemplated by Sections 2(a)-(b) herein shall collectively be referred to as the “S&C Korea Restructuring”. 

 (c) The amount of cash to be held by S&C Korea as of the effective time of the S&C Korea
Restructuring shall be zero. Buyer and Seller agree that the cash and cash equivalents on hand and in banks that are outstanding in S&C Korea as of the close of business on the Business Day immediately prior to the Closing will be deemed to be
Transferred Cash for purposes of the Agreement (and thus will be included as an asset in the determination of Closing Working Capital); provided that if the aggregate amount of such S&C Korea cash and cash equivalents as of the Closing
exceeds the amount of statutory retained earnings of S&C Korea accrued with respect to the operations of S&C Korea prior to the Closing and available for distributions at any time following the Closing, then only the cash and cash
equivalents up to the amount of such distributable retained earnings shall be deemed to be Transferred Cash, and the excess of such cash and cash equivalents over the amount of such distributable earnings shall be deemed to be Purchased Subsidiary
Pre-Closing Cash for purposes of the Agreement. 
 (d) Buyer acknowledges that notwithstanding the foregoing, in order to achieve a qualified
“spin-off” under Applicable Law, (i) it may be necessary to cause S&C Korea to hold certain Excluded Assets and Excluded Liabilities in the S&C Korea Restructuring and (ii) S&C Korea and TI Korea may become jointly
and severally liable for Korea Excluded Liabilities and Korea Assumed Liabilities, respectively (any such joint and several liability arising solely as a result of Applicable Law, a “Spin-Off Liability”); in such event,
notwithstanding any terms set forth in any agreements entered into in order to implement the S&C Korea Restructuring, the parties agree that the Agreement, as amended hereby, shall remain in full force in accordance with its terms (including
Seller’s retention of the benefit of Excluded Assets, Seller’s indemnification obligations with respect to Excluded Liabilities and Purchased Subsidiary Liabilities, Buyer’s obtaining the benefits of the Purchased Assets, and
Buyer’s indemnification obligations with respect to Assumed Liabilities). 
 (e) Effective as of the effective date of the S&C Korea
Restructuring through the Closing, (i) Seller shall cause TI Korea to indemnify and hold harmless S&C Korea from any and all Damages incurred or suffered by S&C Korea arising out of any Korea Excluded Liability that is a Spin-Off
Liability and (ii) Seller shall cause S&C Korea to indemnify and hold harmless TI Korea from any and all Damages incurred or suffered by TI Korea arising out of any Korea Assumed Liability that is a Spin-Off Liability. 
 (f) In addition to the indemnification obligations of Buyer and Seller under the Agreement referenced in paragraph (d) above, effective as of and
after Closing, (i) Seller shall cause TI Korea to indemnify and hold harmless S&C Korea from any and all Damages incurred or suffered by S&C Korea arising out of any Korea Excluded Liability that is a Spin-Off Liability and
(ii) Buyer shall cause S&C Korea to indemnify and hold harmless TI Korea from any and all 

  

 2 

 
Damages incurred or suffered by TI Korea arising out of any Korea Assumed Liability that is a Spin-Off Liability. The provisions of Article 11 of the
Agreement shall apply to indemnification obligations pursuant the immediately preceding sentence, mutatis mutandis. 
 Section 3 .
Purchased Subsidiaries. (a) The definition of “Purchased Subsidiaries” in Section 1.01(a) of the Agreement is amended by (i) deleting the words “; Texas Instruments Korea Limited (“TI
Korea”)” and replacing them with the words “Sensors & Controls Korea Limited (“S&C Korea”)”, and (ii) inserting the words “; provided that S&C Korea shall not be deemed a
Purchased Subsidiary for purposes of Section 2.06(a) of this Agreement (other than for purposes of the last sentence of Section 2.06(a)(i))” at the end of the definition. 
 (b) Seller’s designation of S&C Korea as a Purchased Subsidiary and the organization of S&C Korea after the date of the Agreement, in each
case as set forth in this Amendment, shall not be deemed to be breaches of the representations and warranties set forth in Section 3.06 of the Agreement. 
 Section 4 . Restructuring. (a) The definition of “Restructuring” in Section 2.06(b) of the Agreement shall be deemed to include the S&C Korea Restructuring. 
 (b) The parenthetical in Section 2.06(b)(i) of the Agreement shall be deleted and replaced in its entirety with the following, “(unless the
S&C Korea Restructuring has not been consummated, in which case the Closing shall not be consummated until the S&C Korea Restructuring has been completed)”. 
 (c) The condition to Closing set forth in Section 10.01(e) of the Agreement shall be deleted and replaced in its entirety with the following, “the S&C Korea Restructuring shall have been completed.”

 Section 5 . “Spin-off” Registration. Notwithstanding anything herein to the contrary, the effectiveness of this Amendment
shall be expressly conditioned upon Seller filing for the court registration of the “spin-off” of S&C Korea, not later than April 3, 2006; provided that such deadline shall be extended for a reasonable period if such
registration is delayed by circumstances beyond Seller’s reasonable control, including without limitation, acts of God, fire, flood, war, strike, riot, the intervention of any governmental authority, casualty, accident, breakage or failure of
machinery or apparatus, or acts or ommissions of communications or other carriers. If the foregoing condition has not been satisfied on or prior to such date, this Amendment shall be null and void and shall be of no force and effect, in the same
manner as if it had never been executed by the parties hereto. 
  

 3 

 Section 6 . Disclosure Schedule. (a) Items 4(b) and 4(c) in Section 2.06(a)(i) of
the Disclosure Schedule shall be deleted and, in each case, replaced with the word “[Reserved]”. 
 (b) The Schedules attached as
Exhibits A – B shall be deemed to be included in the Disclosure Schedule. 
 (c) Item 4 in Section 10.01(b) of the Disclosure
Schedule shall be deleted and replaced with the word “[Reserved]”. 
 (d) Items 3 and 4 in Section 10.02(b) of the Disclosure
Schedule shall be deleted and, in each case, replaced with the word “[Reserved]”. 
 Section 7 . Fees and Expenses. Seller
agrees to reimburse Buyer and its Affiliates no later than 10 days following the Closing Date, for all reasonable out-of-pocket expenses (including filing fees, if any, but excluding attorneys’ fees) incurred by Buyer or its Affiliates to the
extent arising both (i) from the S&C Korea Restructuring and (ii) as a result of this Amendment. 
 Section 8 .
Environmental. Notwithstanding anything to the contrary in the Agreement, the parties agree that Seller will be responsible for managing and administering the resolution of the matter set forth in Item 1 of Section 3.20(b) of the
Disclosure Schedule after the Closing (including retaining and administering all environmental permits relating to the matter, and controlling the defense and resolution of any claims relating to such matter, subject to the rights of Buyer as the
Non-Controlling Party which are set forth in Section 11.03). In consideration therefor, (i) the applicable accrued expense related to such matter shall not be transferred to Buyer at Closing and will not be included in Closing Working
Capital as an accrued liability, and (ii) the “Seller Environmental Basket” as defined in Section 11.02(a) of the Agreement shall be reduced by $460,000 and shall apply solely to claims for indemnification in respect of Damages
arising out of the Identified Environmental Liability set fort in Item 2 of Section 3.20(b) of the Disclosure Schedule. 
 Section
9 . Intercompany Receivables and Payables. (a) Section 5.07 of the Agreement shall be deleted and replaced in its entirety with the following: 
 “At or prior to the Closing, Seller shall, and shall cause its Subsidiaries to, retain or eliminate all intercompany receivables and payables of the Business, incurred in the ordinary course of business;
provided, however, that Seller shall not retain or eliminate (or cause to be transferred to Seller or a Retained Subsidiary in the Restructuring) the intercompany receivables and intercompany payables outstanding as of the close of business on the
Business Day immediately prior to the Closing Date of each of Texas Instruments (Changzhou) Co., Ltd., Texas Instruments (China) Company Limited or S&C Korea, such intercompany 

  

 4 

 
receivables and payables to be deemed, in each case, to be assets and liabilities, respectively, primarily related to the Business. For the avoidance of
doubt, any Taxes of the Purchased Subsidiaries arising from such elimination shall be treated as a Purchased Subsidiary Liability for purposes of this Agreement.” 
 (b) Item 7 in Section 2.03(e) of the Disclosure Schedule shall be deleted and shall be replaced in its entirety with the following, “7. All intercompany payables and receivables (i) between the
Business and any Retained Business or (ii) within the Business, in each case, other than the intercompany receivables of and payables of Texas Instruments (Changzhou) Co. Ltd, Texas Instruments (China) Company Limited and S&C Korea.”

 (c) Item 6 in Section 2.06(a)(i) of the Disclosure Schedule shall be deleted and shall be replaced in its entirety with the
following, “6. All intercompany receivables of any Purchased Subsidiary other than those intercompany receivables outstanding as of the Closing Date of Texas Instruments (Changzhou) Co., Ltd. and Texas Instruments (China) Company Limited.”

 (d) Item 2 in Section 2.06(a)(ii) of the Disclosure Schedule shall be deleted and shall be replaced in its entirety with the
following, “2. All intercompany payables of any Purchased Subsidiary other than those intercompany payables outstanding as of the Closing Date of Texas Instruments (Changzhou) Co., Ltd. or Texas Instruments (China) Company Limited.”

 (e) Buyer and Seller acknowledge and agree that the intercompany receivables and intercompany payables of Texas Instruments (Changzhou)
Co., Ltd., Texas Instruments (China) Company Limited and S&C Korea, in each case outstanding as of the close of business on the date immediately preceding the Closing Date, shall be treated as accounts receivable and accounts payable, as
applicable, for purposes of Closing Working Capital. Any receivables and payables at Closing that are owed from a Purchased Subsidiary to Seller or a Retained Subsidiary, or vice versa, will be paid and collected in accordance with customary trade
terms. 
 Section 10 . Assignment. Seller, S&C Purchase Corp. and Buyer acknowledge and agree that as a result of the Assignment
Buyer may take any and all actions on behalf of S&C Purchase Corp. with respect to the Agreement and the transactions contemplated thereby, including agreeing to amend or modify the Agreement or grant waivers thereunder, and each such action
shall be binding upon S&C Purchase Corp. to the same extent as if such action had been taken by S&C Purchase Corp. regardless of whether S&C Purchase Corp. has consented to or is a party to such action. 
 Section 11 . Binding Effect. Except to the extent expressly provided herein, the Agreement shall remain in full force and effect in accordance
with its 

  

 5 

 
terms. This Amendment shall be governed by and construed as one with the Agreement, and the Agreement shall, where the context requires, be read and
construed so as to incorporate this Amendment. 
 Section 12 . Captions. The captions herein are included for convenience of reference
only and shall be ignored in the construction or interpretation hereof. 
 Section 13 . Agreement as Amended. From and after the
effective date hereof, each reference to “hereof”, “hereunder”, “herein” and “hereby” and each other similar reference and each reference to “this Agreement” and each other similar reference
contained in the Agreement shall refer to the agreement as amended hereby. 
 Section 14 . Governing Law. This Amendment shall be
governed by and construed in accordance with the law of the State of New York, without regard to the conflicts of law rules of such state. 
 Section 15 . Counterparts; Effectiveness; No Third Party Beneficiaries. This Amendment may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures thereto and
hereto were upon the same instrument. This Amendment shall become effective when each party hereto shall have received a counterpart hereof signed by the other party hereto. Until and unless each party has received a counterpart hereof signed by the
other party hereto, this Amendment shall have no effect and no party shall have any right or obligation hereunder (whether by virtue of any other oral or written agreement or other communication). Except as set forth in Section 11.02 of the
Agreement, no provision of this Amendment is intended to confer any rights, benefits, remedies or Liabilities hereunder upon any Person other than the parties hereto and their respective successors and assigns. 
 [The remainder of this page has been intentionally left blank; the next page is the signature page.] 
  

 6 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by their respective
authorized officers as of the day and year first above written. 
  

					
	TEXAS INSTRUMENTS INCORPORATED
		
	By:	 	  
		 	Name:	 	Joseph F. Hubach
		 	Title:	 	Senior Vice President, Secretary and General Counsel

  

					
	POTAZIA HOLDING B.V.
		
	By:	 	  
		 	Name:	 	
		 	Title:	 	

  

					
	S&C PURCHASE CORP.
		
	By:	 	  
		 	Name:	 	
		 	Title:	 	

 Exhibit A 
 S&C Korea Restructuring – Excluded Assets 
  

	1.	Lease between Trade Tower and Texas Instruments Korea Limited, dated January 1, 2005, Seoul, Korea. 

  

	2.	Lease between Allianz and Texas Instruments Korea Limited, dated December 14, 2002, Dae-Gu, Korea. 

 Exhibit B 
 S&C Korea Restructuring – Excluded Liabilities 
  

	1.	All liabilities and obligations to the extent arising out of or relating to any of the items listed in Exhibit A of this Amendment

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