Document:

Form of Stock Option Agreement

 Exhibit 10d1 
  
 2002 NON-EMPLOYEE DIRECTOR 
 STOCK OPTION AGREEMENT 
  
 [Date]

  
 Date of Grant: [Grant Date] 
 No. of Shares: [Number] 
 Option Price per Share: [Exercise Price – fair
market price of stock at Grant Date] 
  
 PERSONAL AND CONFIDENTIAL

  
 (Name and Address) 
  
 Dear (Salutation): 
  
 We are pleased to inform you that as an eligible non-employee director of Fortune Brands, Inc. (“Fortune”) you are granted an
option under the Fortune Brands, Inc. 2002 Non-Employee Director Stock Option Plan (the “Plan”). As a participant in the Plan, you will be able to purchase shares of Fortune Common Stock provided that you accept your award as set forth in
paragraph 1 below. Subject to the terms and conditions below, the minimum amount which may be purchased is 50 shares at any one time, unless you have fewer remaining shares covered by your option. 
  
 The date of grant, the maximum number of shares the option granted entitles you to purchase
and the option price per share are listed at the top of this agreement. The option is intended not to be an incentive stock option within the meaning of Section 422 of the Internal Revenue Code. The terms and conditions of this option are set
forth below. 
  
 1. Acceptance of Option. The option cannot
be exercised unless you sign your name in the space provided on the copy of this letter enclosed herewith and cause it to be delivered to and in the hands of the Secretary of Fortune, 300 Tower Parkway, Lincolnshire, Illinois, before 4:30 p.m.
Illinois time on [deadline date]. If the Secretary does not have your properly executed copy of this letter in hand before 4:30 p.m. Illinois time on the forty-fifth day after the date of grant, then, anything in this letter to the contrary
notwithstanding, the option will terminate and be of no effect. Your signing and delivering a copy of this letter will not commit you to purchase any of the shares that are subject to the option but will evidence your acceptance of the option upon
the terms and conditions herein stated. 
  

 2. Exercise. 
  
 (a) Subject to the provisions of this paragraph 2 and of paragraphs 4, 5 and 8 hereof, the option shall be exercisable, in
whole at any time or in part from time to time in integral multiples of 50 shares each (except that, if you have fewer than 50 shares remaining covered by the option, the option may be exercised for the full number of remaining shares), during the
period beginning one year after the date of grant and ending ten years after the date of grant. 
  
 (b) The option shall not become exercisable unless you shall have remained as an Eligible Director (as defined in the Plan) of Fortune for the period of
eleven months beginning with the date of grant, except in the event of your death after grant and except as provided in paragraph 8 hereof. 
  
 3. Transferability of Option. No option or portion thereof shall be transferable by you otherwise than by will or by the laws of descent and
distribution, except that all or a portion of your option may be transferred by gift to any member of your immediate family or to a trust solely for the benefit of such immediate family members. During your lifetime, your option shall be exercisable
only by you unless it, or a portion thereof, has been transferred to a member of your immediate family or to a trust solely for the benefit of such immediate family members, in which case it, or the portion thereof, shall be exercisable only by such
transferee. For the purpose of this provision, your “immediate family” shall mean your spouse, children and grandchildren. 
  
 In addition, any transfer of your option is subject to the following conditions: 
  

	 	•	you must immediately notify the Secretary of Fortune of such transfer and provide such information about the transferee as the Secretary of Fortune may request (including, but not
limited to, name of the transferee, address of the transferee, and taxpayer identification number); 

  

	 	•	the transferee may not make any subsequent transfer; 

  

	 	•	any shares issued to a transferee upon exercise may bear such legends as deemed appropriate by the Secretary of Fortune; 

  

	 	•	the transferee may not utilize the “cashless exercise” feature provided for in the notice of exercise form approved by the Committee; 

  

	 	•	the Company has no obligation to deliver any shares following an exercise until all applicable withholding taxes are satisfied, if any; 

  

	 	•	except as noted herein, the option continues to be subject to the same terms and conditions that applied while such options were held by you; and 

  

	 	•	you agree to deliver a copy of the Non-Employee Director Stock Option Agreement, including any amendments thereto, to the transferee. 

  

 4. Death, Disability or Retirement. If your status as an Eligible Director terminates by reason of
your death, disability or retirement from service as a member of the Board of Directors after five or more years of service as an Eligible Director, the option shall continue to be exercisable until its expiration date, provided that the option may
be exercised within one year from the date of your death even if such one year period extends beyond such expiration date. 
  
 5. Cessation of Director Status. If your status as an Eligible Director terminates otherwise than in the circumstances referred to in paragraph 4
hereof, the option shall terminate and cease to be exercisable 30 days after such cessation of service, except as otherwise provided in paragraph 8. 
  
 6. Stock Exchange Listing. Fortune shall not be obligated to deliver any shares until they have been listed (or authorized for listing upon
official notice of issuance) upon each stock exchange upon which are listed outstanding shares of the same class as that of the shares at the time subject to the option and until there has been compliance with such laws or regulations as Fortune may
deem applicable. Fortune agrees to use its best efforts to effect such listing and compliance. No fractional shares will be delivered. 
  
 7. Adjustments. 
  
 (a) In the event of any merger, consolidation, stock or other non-cash dividend, extraordinary cash dividend, split-up, spin-off, combination or exchange
of shares, reorganization or recapitalization or change in capitalization, or any other similar corporate event, the number and kind of shares that are subject to the option and the option price per share immediately prior to such event may be
proportionately and appropriately adjusted, without increase or decrease in the aggregate option price to be paid therefor upon exercise of the option. 
  
 (b) The determination of the committee of the Board of Directors of Fortune administering the Plan (which is herein called the Committee and which, on the
date hereof, is the Nominating and Corporate Governance Committee) as to the terms of any such adjustment shall be binding and conclusive upon you and any other person or persons who are at any time entitled to exercise the option. 
  
 8. Change in Control of Fortune. 
  
 (a) In the event of a Change in Control (as defined in paragraph 8(c) below),
your option, if it is not then exercisable and provided that it has not expired as set forth herein, shall become immediately exercisable and shall remain exercisable as provided in paragraph 2, notwithstanding anything to the contrary in paragraph
2(b) above. In addition, unless the Committee otherwise determines at the time of grant or at any time thereafter but prior to such Change in Control, each Limited Right (as defined below) outstanding at the time of such Change in Control shall be
deemed to be automatically exercised as of the date of such Change in Control, or as of such other date during the 60-day period beginning on the date of such Change in Control as the Committee may determine prior to such Change in Control. In the
event that your Limited Right is not automatically exercised, you may during the 60-day period 

  

 
beginning on the date of the Change in Control (such 60-day period being hereinafter referred to as the “Limited Right Exercise Period”), in lieu
of exercising the option in whole or in part, exercise the Limited Right (or part thereof) pertaining to the option. A “Limited Right” is the right to receive cash, in lieu of the exercise of your option (or part thereof), in an amount
determined by multiplying the number of shares subject to your option (or part thereof) by the amount by which the exercise price of each such share is exceeded by the greater of (i) the highest fair market value of such shares during the Limited
Right Exercise Period prior to the time of exercise and (ii) the highest purchase price per share paid for the shares of Fortune beneficially acquired in the transaction or series of transactions resulting in the Change in Control by the person or
persons deemed to have acquired control pursuant to the Change in Control. In the event the last day of the Limited Right Exercise Period shall fall on a day that is not a business day, then the last day thereof shall be deemed to be the next
following business day. In the event of a Committee determination that your Limited Right shall not be automatically exercised upon a Change in Control, you will be so informed. You will also be informed of any such Change in Control. 
  
 (b) Notwithstanding paragraphs 2(b), 4 and 5 hereof, the provisions of this
paragraph 8(b) will be applicable in the event of a termination of your status as a member of the Board of Directors of Fortune on or after a Change in Control and prior to the expiration of the Limited Right Exercise Period applicable thereto. Your
option shall not terminate or cease to be exercisable as a result of your termination as a member of the Board of Directors on or after a Change in Control and prior to the expiration of the Limited Right Exercise Period applicable thereto, but
shall be exercisable throughout such Limited Right Exercise Period; provided, however, that in no event shall your option be exercisable after ten years from its date of grant (except in the event of death as provided in paragraph 4 above).

  
 (c) A “Change in Control” has the meaning set forth
in Section 7 (b) (iii) of the Plan. 
  
 9. Stockholder
Rights. Neither you nor any other person shall have any rights of a stockholder as to shares under the option until, after proper exercise of the option, such shares shall have been recorded on Fortune’s official stockholder records as
having been issued or transferred. 
  
 10. Notice of
Exercise. Subject to the terms and conditions of this Agreement, the option may be exercised, in whole at any time or in part from time to time in integral multiples of 50 shares each, during the period permitted by the terms of this Agreement
during which the option may be exercised, by a written notice of exercise on a form then approved by the Committee for such purpose that (i) is signed by the person or persons exercising the option, (ii) is delivered to and in the hands of the
Secretary of Fortune, 300 Tower Parkway, Lincolnshire, Illinois (or at such other place as the Secretary may specify by written notice to you), (iii) signifies election to exercise the option as indicated in the notice of exercise, (iv) states the
number of shares as to which the option is being exercised and (v) unless otherwise provided in the notice of exercise, is accompanied by payment in full of the option price of such shares. Any such notice of exercise may also be delivered to the
Secretary by facsimile transmission provided that delivery of the facsimile transmission is confirmed by you with the Secretary by 

  

 
telephone on the same day prior to the time, if any, specified for receipt in the notice of exercise. In the case of any such delivery by facsimile
transmission, the original notice of exercise shall be promptly forwarded by you by hand or mail to the Secretary at the foregoing address, but delivery thereof to the Secretary shall not be a condition to exercise of the option and the receipt of
the facsimile transmission by the Secretary, confirmed as set forth herein, shall be sufficient therefor. Any notice of exercise delivered as required by this paragraph will be effective only in accordance with the provisions of and to the extent
set forth in the notice of exercise. If a properly executed notice of exercise of the option is not delivered to the Secretary of Fortune, by the applicable expiration date or dates specified in paragraphs 2, 4, 5 and 8 hereof, such notice will be
deemed null and void and of no effect. If notice of exercise of the option is given by a person or persons other than you, Fortune may require as a condition to exercise of the option the submission to Fortune of appropriate proof of the right of
such person or persons to exercise the option. Certificates for any shares purchased upon exercise will be issued and delivered as soon as practicable. 
  
 11. Exercise of Limited Right. In the event a Limited Right referred to in paragraph 8 hereof becomes exercisable, it shall be exercised in whole
or in part by giving written notice of such exercise, on a form approved by the Committee, to the Secretary of Fortune as specified for notices under paragraph 10 hereof, except that no such written notice shall be required in the event such Limited
Right is automatically exercised as provided in paragraph 8(a). The exercise shall be effective as of the date specified in the notice of exercise, but not earlier than the date the notice of exercise is actually received and in the hands of the
Secretary of Fortune. The notice of exercise must be actually received and in the hands of the Secretary of Fortune by no later than the close of business on the last day (or deemed last day) of the applicable Limited Right Exercise Period referred
to in paragraph 8 above (or the date the related option expires, whichever is earlier). 
  
 12. Payment of Option Price. Payment of the option price for shares may be made (i) in cash, (ii) by the delivery of shares of Fortune Common Stock that have been held by you for a period of at least one year
and that have a market value equal to the option price, or (iii) by a combination of cash and such shares that have been held by you for a period of at least one year and that have a market value which, together with such cash, equals the option
price. The “market value” of shares or per share of Fortune Common Stock as of any date, for this purpose, shall mean such value determined by reference to the closing price of a share of Fortune Common Stock as finally reported in the New
York Stock Exchange Composite Transactions for the New York Stock Exchange trading day next preceding such date. Payment of the option price may also be made from the proceeds of the sale of the shares covered by the option to the extent provided in
the notice of exercise referred to in paragraph 10. 
  
 13.
Taxes. Upon exercise of the option (or at such later time as taxable income from the exercise is deemed realized), Federal income tax withholding (and state and local income tax withholding, if applicable) may be required by Fortune in
respect of taxes on income realized by you. To the extent that tax withholding is required, Fortune may withhold such required amounts from your future cash fees or may require that you deliver to Fortune the amount to be withheld. In addition, you
may pay any Federal 

  

 
income tax related to the exercise (and any related state and local income tax) by electing either to have Fortune withhold a portion of the shares of Common
Stock otherwise issuable upon exercise of the option, or to deliver other shares of Common Stock owned by you, in either case having a fair market value (on the date that the amount of tax you have elected to have withheld is to be determined) of
the amount to be withheld, provided that (i) the election shall be irrevocable; and (ii) the election shall be subject, in whole or in part, to such rules as the Committee may adopt with respect thereto. You may also arrange to have such tax (or
taxes) paid directly to Fortune on your behalf from the proceeds of the sale of Common Stock as and to the extent provided in the notice of exercise referred to in paragraph 10. 
  

			
	 Sincerely yours,

	
	 FORTUNE BRANDS, INC.

		
	 By
	 	 
	Secretary

  

			
	I hereby agree to the terms and conditions set forth above and acknowledge receipt of a copy of the Fortune Brands, Inc. 2002 Non-Employee Director Stock Option Plan and Forms of
Notice of Exercise of Stock Option and Notice of Exercise of Limited Right.

  

	
	
	  
	 (Signature of Eligible Director)

	
	  
	(Dated)Form Of Option Agreement

 Exhibit 10.4 
  
 DSP GROUP, INC. 1993 DIRECTOR STOCK OPTION PLAN 
  
 APPENDIX A - ISRAEL 
  
 STOCK OPTION AGREEMENT 
  
 Unless otherwise defined herein, the terms defined in the 1993 Director Stock Option Plan (the “Plan”) and the Appendix A – Israel to the
Plan (the “Appendix”) shall have the same defined meanings in this Stock Option Agreement. 
  
 I. NOTICE OF STOCK OPTION GRANT 
  
 You have been granted an option to purchase Common Stock of DSP Group, Inc. (the “Company”), subject to the terms and conditions of the Plan, the Appendix and this Stock Option Agreement, as follows:

  

					
	 Date of Grant
	  	 	  	 
	 Vesting Commencement Date
	  	 	  	 
			
	 Exercise Price per Share
	  	 	  	$
			
	 Total Number of Shares Granted
	  	 	  	 
			
	 Total Exercise Price
	  	 	  	$
			
	 Type of Option
	  	 ̈	  	Approved 102 Option:
			
	 	  	 	  	 Capital Gain Option (CGO); ̈
or

			
	 	  	 	  	 Ordinary Income Option (OIO)  ̈

			
	 	  	 	  	 ̈ Unapproved 102 Option
			
	 	  	 	  	 ̈ 3(i) Option
			
	 Term/Expiration Date
	  	 	  	 

  
 II. AGREEMENT

  
 1. Grant of Option. The Administrator
hereby grants to the Optionee named in the Notice of Grant attached as Part I. of this Agreement (the “Optionee”), an option (the “Option”) to purchase a number of Shares, as set forth in the Notice of Grant, at the exercise
price per share set forth in the Notice of Grant (the “Exercise Price”), subject to the terms and conditions of the Plan and the Appendix, both of which are incorporated herein by reference. Subject to Section 13(b) of the Plan, in the
event of a conflict between the terms and conditions of the Plan and the Appendix and the terms and conditions of this Stock Option Agreement, the terms and conditions of the Plan and the Appendix shall prevail. The option granted hereunder is a
[First Option] [Subsequent Option], as defined in the Plan. 
  

 1 

 2. Exercise of Option. 
  
 a. Right to Exercise. This Option shall vest and become exercisable as to one-third of the Shares on the first
anniversary of the date of grant of this Option, and shall vest and become exercisable as to one-third of the Shares at the end of each twelve-month period thereafter. In the event of Optionee’s death, disability (as defined in Section 22(e)(3)
of the Internal Revenue Code of 1986, as amended) or other termination of Optionee’s Continuous Status as a Director, the exercisability of the Option is governed by the applicable provisions of the Plan and the Appendix. 
  
 b. Method of Exercise. This Option is exercisable by delivery
of an exercise notice, in the form attached as Exhibit A (the “Exercise Notice”), which shall state the election to exercise the Option, the number of Shares in respect of which the Option is being exercised (the “Exercised
Shares”), and such other representations and agreements as may be required by the Company pursuant to the provisions of the Plan. The Exercise Notice shall be signed by the Optionee and shall be delivered in person or by certified mail to the
Secretary of the Company. The Exercise Notice shall be accompanied by payment of the aggregate Exercise Price and any required withholding or other taxes as to all Exercised Shares. This Option shall be deemed to be exercised upon receipt by the
Company of such fully executed Exercise Notice accompanied by such aggregate Exercise Price. 
  
 No Shares shall be issued pursuant to the exercise of this Option unless such issuance and exercise complies with all relevant provisions of law and the requirements of any stock exchange or quotation service upon
which the Shares are then listed. Assuming such compliance, for income tax purposes the Exercised Shares shall be considered transferred to the Optionee on the date the Option is exercised with respect to such Exercised Shares. 
  
 3. Method of Payment. Payment of the aggregate Exercise Price
shall be by any of the following, or a combination thereof, at the election of the Optionee: 
  
 a. Cash; or 
  
 b. Check; or

  
 c. Delivery of a properly executed Exercise Notice, together
with such other documentation as the Administrator and the broker, if applicable, shall require to effect an exercise of the Option and delivery to the Company of the sale proceeds required to pay the Exercise Price; or 
  
 d. Surrender of other Shares which (i) in the case of Shares acquired upon
exercise of an option, have been owned by the Optionee for more than six (6) months on the date of surrender; and (ii) have a Fair Market Value on the date of surrender equal to the aggregate Exercise Price of the Exercised Shares; or 
  
 e. Any combination of the above methods. 
  
 4. Non-Transferability of Option and Shares. 
  
 a. The Option may not be transferred in any manner other than by will or by
the laws of descent and distribution and may be exercised during the lifetime of the Optionee only by the Optionee. As long as the Option or Shares purchased pursuant thereto is held by the Trustee on behalf of the Optionee in accordance with
Section 4 of the Appendix, all rights of the Optionee over the Shares are personal, cannot be transferred, assigned, pledged or mortgaged, other than by will or laws of descent and distribution. 
  
 b. If the Option is an Approved 102 Option, subject to the provisions of
Section 102 and any rules or regulation or orders or procedures promulgated thereunder, the Optionee shall not be entitled to sell or release from trust any Share received upon the exercise 
  

 2 

 of an Approved 102 Option and/or any Share received subsequently following any realization of rights, including without
limitation, bonus shares, until the lapse of the Holding Period required under Section 102 of the Ordinance. 
  
 c. If the Option is an Unapproved 102 Option and the Optionee ceases to be a Director, the Optionee shall extend to the Company a security or guarantee
for the payment of tax due at the time of sale of Shares, all in accordance with the provisions of Section 102 and the rules, regulation or orders promulgated thereunder. 
  
 5. Term of Option. This Option may be exercised only within the term set out in the Notice of Grant, and may
be exercised during such term only in accordance with the Plan, the Appendix and the terms of this Stock Option Agreement. 
  
 6. Taxes. 
  
 (a) Any tax consequences arising from the grant or exercise of the Option, from the payment for the Shares covered thereby or from any other event or act
(of the Company and/or its Affiliates, the Trustee or the Optionee), hereunder, shall be borne solely by the Optionee. The Company and/or its Affiliates and/or the Trustee shall withhold taxes according to the requirements under the applicable laws,
rules, and regulations, including withholding taxes at the source. Furthermore, the Optionee hereby agrees to indemnify the Company and/or its Affiliates and/or the Trustee and hold them harmless against and from any and all liability for any such
taxes and any interest and penalties thereon, including without limitation, liabilities relating to the necessity to withhold, or to have withheld, any such taxes from any payment made to the Optionee. 
  
 (b) The Optionee will not be entitled to receive from the Company and/or the
Trustee any Shares allocated or issued upon the exercise of the Option prior to the full payment of the Optionee’s tax liabilities arising from the grant of the Options and/or the issuance of the Shares upon the exercise of the Option. For the
avoidance of doubt, neither the Company nor the Trustee shall be required to release any share certificate to the Optionee until all payments required to be made by the Optionee have been fully satisfied. 
  
 (c) With respect to Approved 102 Options, the Optionee hereby acknowledges
that he or she is familiar with the provisions of Section 102 and the regulations and rules promulgated thereunder, including without limitations the type of Option granted hereunder and the tax implications applicable to such grant. If the Option
is an Approved 102 Option, the Optionee accepts the provisions of the trust agreement signed between the Company and the Trustee, attached as Exhibit B hereto, and agrees to be bound by its terms. 
  
 7. Entire Agreement: Governing Law. The Plan, the Appendix and
this Stock Option Agreement 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 the Optionee with respect to the subject
matter hereof, and the Notice and the Option Agreement may not be modified adversely to the Optionee’s interest except by means of a writing signed by the Company and the Optionee. Nothing in the Plan, the Appendix and this Option Agreement
(except as expressly provided therein) is intended to confer any rights or remedies on any persons other than the parties. The Plan, the Appendix and this Option Agreement are to be construed in accordance with and governed by the internal laws of
the State of Israel without giving effect to any choice of law rule that would cause the application of the laws of any jurisdiction other than the internal laws of the State of Israel to the rights 
  

 3 

 and duties of the parties. Should any provision of the Plan, the Appendix or this Option Agreement be determined by a
court of law to be illegal or unenforceable, such provision shall be enforced to the fullest extent allowed by law and the other provisions shall nevertheless remain effective and shall remain enforceable. 
  
 8. Dispute Resolution. The provisions of this Section 8 shall
be the exclusive means of resolving disputes arising out of or relating to the Plan, the Appendix and this Option Agreement. The Company, the Optionee, and the Optionee’s assignees (the “parties”) shall attempt in good faith to
resolve any disputes arising out of or relating to the Plan, the Appendix and this Option Agreement by negotiation between individuals who have authority to settle the controversy. Negotiations shall be commenced by either party by notice of a
written statement of the party’s position and the name and title of the individual who will represent the party. Within thirty (30) days of the written notification, the parties shall meet at a mutually acceptable time and place, and thereafter
as often as they reasonably deem necessary, to resolve the dispute. If the dispute has not been resolved by negotiation, the parties agree that any suit, action, or proceeding arising out of or relating to the Plan, the Appendix or this Option
Agreement shall be brought in the courts of Tel-Aviv, Israel and that the parties shall submit to the jurisdiction of such court. The parties irrevocably waive, to the fullest extent permitted by law, any objection the party may have to the laying
of venue for any such suit, action or proceeding brought in such court. THE PARTIES ALSO EXPRESSLY WAIVE ANY RIGHT THEY HAVE OR MAY HAVE TO A JURY TRIAL OF ANY SUCH SUIT, ACTION OR PROCEEDING. If any one or more provisions of this Section 8 shall
for any reason be held invalid or unenforceable, it is the specific intent of the parties that such provisions shall be modified to the minimum extent necessary to make it or its application valid and enforceable. 
  
 By your signature and the signature of the Company’s representative
below, you and the Company agree that this Option is granted under and governed by the terms and conditions of the Plan, the Appendix and this Stock Option Agreement. Optionee has reviewed the Plan, the Appendix and this Stock Option Agreement in
their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Stock Option Agreement, and fully understands all provisions of the Plan, the Appendix and this Stock Option Agreement. 
  

							
	OPTIONEE:	  	DSP GROUP, INC.
				
	 	 	 	  	 	 	 
	 	 	 	  	 	 	 
	By:	 	  

	  	By:	 	  

	 	 	 (Signature)
	  	 	 	 (Signature)

				
	 Address:
	 	  

	  	Title:	 	  

	 	 	  

	  	 	 	 
	 	 	  

	  	 	 	 

  

 4 

 EXHIBIT A 
  

DSP GROUP, INC. 
  
 1993 DIRECTOR STOCK OPTION PLAN 
  
 APPENDIX A - ISRAEL 
  
 EXERCISE NOTICE 
  
 DSP GROUP, INC. 
 3120 Scott Boulevard 
 Santa Clara, CA 95054 
 Attention: Stock Administration 
  
 1. Exercise of Option. Effective as of today,
                    ,             , the undersigned,
                     (“Purchaser”), hereby elects to purchase
             (            ) shares (the “Shares”) of the Common Stock of DSP GROUP, INC., a Delaware
corporation (the “Company”), under and pursuant to the 1993 Director Stock Option Plan (the “Plan”), the Appendix A – Israel to the Plan (the “Appendix”) and the Stock Option Agreement dated
             (the “Option Agreement”). The purchase price per share for the Shares shall be             
($            ), for an aggregate purchase price of $            , as required by the Option Agreement. 

 
 2. Delivery of Payment. Purchaser herewith delivers to the
Company the full purchase price for the Shares. Purchaser hereby elects to pay the exercise price by the method marked below: 
  
 a.              Cash 
  
 b.              Check 
  
 c.
             Same day exercise and sale 
  
 3. Broker Instructions. In the event Purchaser elects to exercise options via the same day exercise and sale method, the Company is hereby
authorized to instruct                      (the “Broker”) to accept the proceeds deriving from the sale of the Shares, and to take
the following actions: (i) to deduct from the proceeds of the sale any Company expenses; (ii) to deduct from the proceeds any tax withholding requested by the Company and to request in writing from the Company a statement of the tax amounts to be
withheld, if no request has been given by the Company; (iii) to deliver the above amounts so deducted to the Company; and (iv) to deliver the remaining proceeds to Purchaser as Purchaser shall direct the Broker. 
  
 These instructions shall be construed as authorizing the Broker and the
Company to take any other actions reasonably necessary to effect the purposes hereof and the Broker and the Company may rely upon any statements and undertakings made herein by the undersigned, as if said statements and undertakings were made
directly to the Broker and the Company. 
  

 1 

 Purchaser further acknowledges that Purchaser shall bear full liability for the payment of any taxes with
respect to the Shares and the sale thereof and will, upon demand, indemnify and defend the Broker and the Company against any amounts which may be owing in this regard. 
  
 Purchaser further acknowledges that Purchaser shall bear sole responsibility for any commissions and fees relating to the
performance of these instructions by the Broker or the Company, and any other banking activities and will, upon demand, indemnify and defend the Broker or the Company against any amounts which may be owing in this regard. 
  
 4. Representations of Purchaser. Purchaser acknowledges that
Purchaser has received, read and understood the Plan, the Appendix and the Option Agreement, and agrees to abide by and be bound by their terms and conditions. 
  

5. Rights as Stockholder. Until the issuance (as evidenced by the appropriate entry on the books of the Company or of a duly authorized
transfer agent of the Company) of the stock certificate evidencing such Shares, no right to vote or receive dividends or any other rights as a Stockholder shall exist with respect to the Shares, notwithstanding the exercise of the Option. In the
event Purchaser has not sold the Shares in a same day exercise and sale, a share certificate for the number of Shares so acquired shall be issued to the Purchaser as soon as practicable after exercise of the Option. No adjustment will be made for a
dividend or other right for which the record date is prior to the date the stock certificate is issued, except as provided in the Plan. 
  
 6. Tax Consultation. Purchaser understands that Purchaser may suffer adverse tax consequences as a result of Purchaser’s purchase or
disposition of the Shares. Purchaser represents that Purchaser has consulted with any tax consultants Purchaser deems advisable in connection with the purchase or disposition of the Shares and that Purchaser is not relying on the Company for any tax
advice. 
  
 7. Governing Law; Severability. This
Agreement is to be construed in accordance with and governed by the internal laws of the State of Israel without giving effect to any choice of law rule that would cause the application of the laws of any jurisdiction other than the internal laws of
the State of Israel to the rights and duties of the parties. Should any provision of this Agreement be determined by a court of law to be illegal or unenforceable, such provision shall be enforced to the fullest extent allowed by law and the other
provisions shall nevertheless remain effective and shall remain enforceable. 
  
 8. Dispute Resolution. The provisions of Section 8 of the Stock Option Agreement shall be the exclusive means of resolving disputes arising out of or relating to this Agreement. 
  

 2 

 9. Entire Agreement. The Plan, the Appendix and Option Agreement are incorporated herein by
reference. This Agreement, the Plan, the Appendix and the Option Agreement constitute the entire agreement of the parties and supersede in their entirety all prior undertakings and agreements of the Company and Purchaser with respect to the subject
matter hereof. 
  

					
	 Submitted by:
	 	 Accepted by:

		
	PURCHASER:	 	DSP GROUP, INC.:
			
	  

	 	 By:
	 	  

	 (Signature)
	 	 	 	 (Signature)

			
	 	 	 	 	  

	 	 	 	 	 (Print Name and Title)

			
	 	 	 	 	 3120 Scott Boulevard

	 	 	 	 	 Santa Clara, CA 95054

  

 3

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