Document:

EX-10.15

 Exhibit 10.15 

SiTime 
 DISTRIBUTION
AGREEMENT 
 THIS DISTRIBUTION AGREEMENT (the “Agreement”), effective as of the Effective Date as defined below, and is made and
entered into by and between SiTime Corporation (hereinafter referred to as “Manufacturer” or “SiTime”), a Delaware corporation, organized and existing under the laws of Delaware, USA, with offices located at 990 Almanor
Ave, Sunnyvale, CA 94085, and MegaChips Corporation (hereinafter referred to as “Distributor”), a Japanese corporation, organized and existing under the laws of Japan, with offices located at 1-1-1 Miyahara, Yodogawa–ku, Osaka, 532-0003 Japan. 

Recitals 
 WHEREAS,
Manufacturer is in the business of developing and selling Products (as defined in Exhibit A); and 
 WHEREAS, Distributor is in the business
of acting as a distributor for Products (as defined in Exhibit A); and 
 WHEREAS, Manufacturer desires to appoint Distributor as an
authorized distributor for the Products within the Territory (as defined in Exhibit B); and 
 WHEREAS, Distributor desires to become a
distributor of Manufacturer’s Products in the Territory (as defined in Exhibit B). 
 NOW THEREFORE, in consideration of the foregoing
and the mutual covenants and conditions contained herein, and intending to be legally bound hereby, the Parties agree as follows: 
  

	1.0	 DEFINITIONS 

When used in this Agreement, each of the following terms shall have the meaning attributed to it below. 

 

	 	a.	 “Agreement” shall mean the terms set out in this distribution agreement, together with
the attached exhibits and any subsequent amendments approved in writing by both Parties. 

  

	 	b.	 “Customer” shall mean end-users of the Products
or other qualified distributors of the Products . 

  

	 	c.	 “Effective Date” shall mean the date on which the last signing Party hereto affixes
their signature. 

  

	 	d.	 “Party or Parties” shall mean one or both of those companies as represented in the
signature block of this Agreement 

  

	 	e.	 “Product” or “Products” shall mean those products listed
in Exhibit A; Manufacturer may, in its sole discretion (i) change or add Products, (ii) abandon or discontinue the production of any Product, (iii) modify the design of or upgrade its Products or any part thereof, or
(iv) change its service(s), warranty, or other policies regarding the Product upon Manufacturer giving prior written notice to Distributor. Distributor agrees to act hereunder in respect of such other products as fully as if they were
originally named herein. 

	 	f.	 “Territory” shall mean the geographical areas listed in Exhibit B, expandable to
other countries only upon mutual written consent by both Parties. 

  

	 	g.	 “Trademarks” shall mean those trademarks, service marks, and other proprietary words
and symbols, which Manufacturer may designate in writing from time to time and under which Manufacturer markets or promotes the Product. 

  

	2.0	 APPOINTMENT OF DISTRIBUTOR 

2.1.    Appointment. Subject to the terms of this Agreement, Manufacturer appoints Distributor as an authorized distributor
of Manufacturer’s Product(s) solely within the Territory set forth in Exhibit B, and Distributor accepts such appointment, as an independent, exclusive Distributor of Products within the Territory. 

2.2.    Nature of Relationship. The relationship of Manufacturer and Distributor established by this Agreement is that of
independent contractors, and nothing contained in this Agreement shall be construed to: (i) give either Party the power to direct or control the day-to-day
activities of the other, (ii) constitute the Parties as partners, joint ventures, employees, agents or co-owners, or (iii) allow either Party to assume any obligation on behalf of the other Party for
any purpose whatsoever. Specifically, Distributor has no right or authority to act for or bind Manufacturer in any respect or to make any representations or warranties, express or implied, on behalf of Manufacturer. 

 

	3.0	 DISTRIBUTOR’S OBLIGATIONS 

During the entire term of this Agreement, Distributor agrees to use its best efforts to accomplish the following: 

3.1.    Promotion and Sale of Product. Distributor shall fully and actively promote, market, and sell the Product to
customers in the Territory, using best efforts to maintain and increase sales of the Product within the Territory. 

3.2.    Stocking. Distributor shall carry such stock of the Products at each authorized location as may be necessary to
meet demand for the same in the Territory. 
 3.3. Forecasting. Distributor shall provide to Manufacturer a quarterly rolling forecast of
Distributor’s anticipated quantity requirements and shipment dates for such Products, which shall be updated at least monthly or as soon as commercially reasonable upon Distributor’s discovery of any material information that may affect
the prior forecast submitted to Manufacturer (the “Forecast”). The Forecast shall be prepared in Distributor’s good faith judgment. 

3.4.    Facilities and Personnel. Distributor shall provide and maintain adequate sales facilities and sales personnel in
accordance with industry best practices and reasonable standards that from time to time are established by mutual agreement of the Parties. 

 3.5.    Reports. Distributor shall submit a written report to
Manufacturer, on or before the expiration of fifteen (15) days after the end of each month, containing the following information: 
  

	 	(i)	 A sales report, which contains the names of all Customers that purchased Product, and quantity and revenue of
all Product sold during the preceding calendar month. 

  

	 	(ii)	 An inventory report, which contains a listing by Product and/or part number with quantity of all Products in
stock as of the end of the preceding calendar month. 

 3.6.    Records. Distributor shall maintain a
complete record of all sales of Products, showing Customer name, date of sale, Product model, and copies of all sales order acknowledgments and invoices for all Products. The records referred to in this Section, or copies thereof, shall be supplied
to Manufacturer upon its request. 
 3.7.    Customer Complaints. Distributor shall notify Manufacturer immediately of
any complaints or problems concerning the Products or any misuse of the Products. 
 3.8.    Notification of
Infringement. Distributor shall notify Manufacturer immediately of any actual, suspected or alleged infringement of Manufacturer patents, trademarks or copyrights that it becomes aware of in the Territory. 

3.9.    Government Authorizations and Compliance with Laws. At its own expense, Both of Distributor and Manufacturer shall
obtain and continue to maintain in good standing all licenses, permits and other governmental approvals and/or authorizations required in connection with this Agreement and the sale of Products in the Territory, including without limitation, export
and import licenses and foreign exchange permits. Both of Distributor and Manufacturer shall fully comply with the relevant export administration and control laws and regulations (see Exhibit C), as may be amended from time to time, to ensure that
the Products are not exported (directly or indirectly) in violation of laws of United States or Japan. Both of Distributor and Manufacturer shall keep Manufacturer apprised of the status of such licenses, permits and approvals/authorizations. Both
of Distributor and Manufacturer shall also comply with the Foreign Corrupt Practices Act. 
 3.10.    Expenses. Except
as otherwise specifically provided in this Agreement, Distributor shall pay its own expenses in carrying out its obligations under this Agreement. 

3.11. Audit and Inspection. No more than twice annually, upon reasonable prior written notice, Distributor shall permit Manufacturer, at
Manufacturer’s sole cost and expense, to (i) audit those records of Distributor which pertain solely and exclusively to purchases of Products under this Agreement from the previous twelve (12) months or from and after the last such
audit, whichever period is shorter and which are located at Distributor’s principal place and branch locations of business, and (ii) perform an inventory of all Products purchased hereunder by Distributor at each location;
provided, however, that such audit and inventory are carried out at reasonable times and in a manner that will not disrupt or otherwise materially adversely impact the conduct of Distributor’s business. 

 

	4.0	 MANUFACTURER OBLIGATIONS 

4.1.    Marketing Materials. Manufacturer shall furnish to Distributor without charge a reasonable supply of price lists,
sales literature, books, catalogs, specification sheets, promotional 

 
plans and similar printed material and shall provide Distributor with such training, technical and sales support and assistance (including sales forecasting and planning assistance) as may be
reasonably necessary, and requested by Distributor, to assist Distributor in effectively carrying out its activities under this Agreement. 

4.2.    Training. Manufacturer shall coordinate with Distributor to conduct training seminars either at
Manufacturer’s facilities or in the Territory as may be reasonably necessary to assist Distributor in supporting the Products. 

4.3.    Other Technical Support. Manufacturer shall provide Distributor with such other technical and sales assistance as
may be reasonably necessary to assist Distributor in effectively carrying out its activities under this Agreement. 
  

	5.0	 ORDERS 

5.1.    Orders are not accepted by Manufacturer unless acknowledged in writing. Manufacturer reserves the right to refuse
any order from Distributor that does not meet published or approved price guideline or for any other terms not agreed to prior. 

5.2.    Unless otherwise agreed to, all orders will not be cancellable or reschedulable (with the exception of pull-ins) inside a thirty (30) day window from Manufacturer’s most recently acknowledged ship date or Distributor’s most recent request date, whichever is earlier. 

5.3.    Manufacturer, at its sole discretion, may require some products to be purchased as “30NR” or
“NCNR”. Products purchased as “30NR” shall have the same cancellation and rescheduling window as Section 5.2, but will NOT be eligible for return for any reason other than Warranty, price protection or stock rotation.
Products purchased as “NCNR” shall be non-cancellable and will NOT be eligible for return for any reason other than Warranty, price protection or stock rotation. Manufacturer will consider both
“30NR” and “NCNR” as final sale. Manufacturer will strive to give Distributor as much notice as possible before implementing these restrictions and require all purchase orders to clearly state the terms as either “30NR”
or “NCNR” prior to order acceptance. After notification, Manufacturer will give Distributor a onetime thirty (30) day period to adjust inventory for parts moving to “30NR” or to adjust backlog and inventory for parts moving
to “NCNR”, with the provision that for parts moving from “30NR” to “NCNR”, only a backlog adjustment will be allowed. 
  

	6.0	 DELIVERY 

All shipments will be EX Works Manufacturer’s factory (Incoterms 2000) and shall be made in accordance with mutually acceptable shipping
instructions. Orders issued by the Distributor will specify requested shipment dates. Manufacturer will use its commercially reasonable best efforts to ship according to the requested date. In the absence of specific agreed upon instructions, the
shipping and packaging method shall be at the reasonable discretion of Manufacturer, provided that Manufacturer shall, consistent with sound business practice, select a method of shipping and packaging which is suitable for the Product. In the event
of any error in delivery by the carrier, Manufacturer shall assist Distributor in tracing the shipment and obtaining delivery of the Products. 

	7.0	 STOCK ROTATION 

7.1.    Within thirty (30) days after the end of each six (6) month period during the term of this Agreement
(beginning with the Effective Date hereof), Distributor may return a quantity of Products to Manufacturer for credit provided that the total credit shall not exceed 5% of the net sales dollars invoiced by Manufacturer to Distributor during the said
six (6) month period. The credit to be issued in respect of Products so returned shall be the actual net invoice price charged for same by Manufacturer to Distributor, less any prior credits granted by Manufacturer to Distributor for the said
Product. All Products returned in accordance with this provision must be unused and in factory-shipped condition. Products so returned will be shipped freight collect. The foregoing return privilege shall be subject to the following: 

i.    Prior to returning any Product, Distributor must obtain a Return Authorization from Manufacturer,
which shall be given to Distributor within thirty (30) days of request. All stock rotation requests must be submitted in writing. 

ii.    The Products must be returned in their original unopened packaging and must have been shipped within
twenty-four (24) months of the stock rotation as determined by the invoice date. 

iii.    Distributor shall accompany all stock rotation requests with an offsetting purchase order for the
replacement of Products. The total purchase of new Product shall be equal to or greater than the amount of the stock rotation. 
  

	8.0	 PRICING 

8.1.    The Distributor shall purchase Products at prices set forth in Manufacturer’s then-current price list. Such
price list will be published by the Manufacturer and delivered to the Distributor on a quarterly basis and each such price list is incorporated into this Agreement by reference. 

8.2.    In the event of a price decrease, all new orders placed on or after the effective date of the price change shall
be billed at the lower price. 
 8.3.    Manufacturer shall notify Distributor in writing of a price increase at least
thirty (30) days prior to the effective date of such increase. All orders for Product received and acknowledged by Manufacturer prior to the effective date of a price increase shall be shipped and billed according to the price prior to the
announced price increase. 
  

	9.0	 PAYMENT 

9.1.    Payment Terms. Distributor shall pay all current monthly invoices by the end of the following month of the
respective invoice. Payment shall be made in US Dollars by wire transfer. Manufacturer shall provide its wire transfer information to Distributor for such payment and shall notify Distributor promptly of any changes thereto. 

9.2.    Taxes: Late Fees. Distributor will pay, indemnify and hold Manufacturer harmless from all charges including,
without limitation, transportation charges, any sales, use, excise, ad 

 
valorem, import, export, value-added or similar tax, or other tax or duty not based upon Manufacturers net income and all government permit fees, license fees, customs fees and similar fees,
duties and other governmental assessments which Manufacturer may incur in connection with this Agreement and the performance of Manufacturer or Distributor’s (or any Affiliate’s) obligations hereunder. Any amounts that are not paid on or
before such payment is due shall bear interest at a rate of one percent (1%) per month, calculated on the number of days such payment is delinquent, or if less, the maximum amount permitted by law. The foregoing shall in no way limit any other
remedy available to Manufacturer. 
  

	10.0	 PRODUCT CHANGES 

10.1.    Discontinued products. Manufacturer may, at its sole discretion, discontinue the manufacturer and/or sale of any
Product. In the event of any such discontinuance, Manufacturer shall give Distributor at least one hundred and eighty (180) days prior written notice thereof. Distributor may, in its sole discretion, within sixty (60) days after receipt of
such notice, notify Manufacturer in writing of Distributor’s intention to return any or all Products in its inventory, which have been so discontinued. Manufacturer shall, within thirty (30) days after receiving Product so returned, issue
to Distributor full credit for all such Product. Any such credit shall be in the amount of the actual net invoice price paid by Distributor for the discontinued Products less any prior credits. Products so returned shall be shipped freight collect.

 10.2.    Modification of products. Manufacturer shall give Distributor ninety (90) days prior written notice of
all engineering modifications or product changes that will affect Products in Distributor’s inventory if such changes materially affect form, fit, or function. Distributor agrees to promptly provide and pass on to its customers such product or
engineering change notices that would affect Manufacturer’s Products, which it sells or offers to sale. If these modifications preclude or materially limit Distributor inventory from selling once the engineering modifications are implemented,
Manufacturer and Distributor shall cooperate to move the affected inventory through resale or repurchase. If after the above efforts, affected Products still remain in Distributor’s inventory, Manufacturer agrees to replace it with equivalent
value of upgraded Products. Manufacturer shall pay all freight and shipping charges in connection with any such returns or replacements. 
  

	11.0	 INTELLECTUAL PROPERTY; USE OF TRADEMARKS 

11.1.    Intellectual Property. Distributor agrees that it will not modify any Products and will not remove Products from
their internal shipping packaging in which such Products are delivered by Manufacturer. Distributor acknowledges that Manufacturer and its suppliers exclusively own, subject only to any rights or licenses expressly granted in this Agreement,
(1) all designs, drawings, formulas or other data, photographs, samples, literature, and sales aids of every kind in connection with the Products and (2) all rights in the Products and the items specified in (1), including without
limitation trademarks, trade names, patents, copyrights, maskwork rights, trade secrets, and other intellectual property rights throughout the world. 

11.2.    Use of Trademarks. Subject to the terms and conditions of this Agreement, Manufacturer hereby grants Distributor
a non-exclusive, non-transferable, limited and revocable license to use the Trademarks. Distributor will only use the Trademarks in connection with the

 
advertising, promotion and distribution of the Product in the Territory and in accordance with Manufacturer standards, specifications and instructions provided to Distributor from time to time.
Distributor will have no rights in the Trademarks except this limited right to use, and all of Distributor’s use of the Trademarks will accrue to the benefit of Manufacturer. Distributor agrees that upon the expiration or termination of this
Agreement for any reason, it will cease all use of the Trademarks, and destroy or return to Manufacturer all materials bearing any of the Trademarks. During the term of this Agreement and so long as Distributor is in full compliance of its
obligations set forth in the Agreement, Manufacturer and Distributor authorize each other to utilize the World Wide Web in the advertising and promotion of products and authorize each other to hyperlink their respective websites. 

 

	12.0	 CO-OP ADVERTISING 

Co-op Advertising is not included in this Agreement at this time. 

 

	13.0	 TERM 

The term of this Agreement shall be for one (1) year (“Initial Term”) commencing on the Effective Date hereof and shall
automatically be renewed thereafter for an additional one (1) year period on each anniversary of the Effective Date hereof unless terminated by either Party upon written notice at least ninety (90) days prior to each consecutive
anniversary date hereof. 
  

	14.0	 TERMINATION 

14.1.    In the event of any breach or default by the other Party in any of the terms or conditions of this Agreement, and
if such breach is not remedied within thirty (30) days from the date of notification thereof, the non-defaulting Party may immediately terminate this Agreement by giving written notice to the other Party.

 14.2.    In the event this Agreement is terminated by either Party, with or without cause, Manufacturer may, at its
sole discretion, repurchase from distributor any and all unsold Products from its inventory at eighty five percent (85%) of the price paid by Distributor, to reflect a fifteen percent (15%) restocking fee, less any prior credits granted by
Manufacturer on such products. Manufacturer shall pay all freight and shipping charges in connection with such repurchase. Manufacturer shall be required to repurchase only those Products that are in good merchantable condition (and in
manufacturer’s original packaging). 
 14.3.    Within thirty (30) days after the termination of this
Agreement for any reason, Distributor shall return and deliver to Manufacturer (a) all records and copies relating to the Products and sales, including those items referred to in Sections 3.5 and 3.6 of this Agreement, and (b) all
documentation and copies thereof containing or concerning Manufacturer’s Proprietary Information.. Distributor shall not make or retain any copies of any confidential items or information that may have been entrusted to it.
Upon termination of this Agreement for any reason, Distributor shall immediately cease using any materials which indicates it is an authorized distributor of Manufacturer and cease using any Manufacturer Proprietary Information, Trademark, logo,
symbol or any mark or name confusingly similar thereto. Neither Party shall incur any liability whatsoever for any damage, loss or expenses of any kind suffered or incurred by the other arising from or incident to any termination or expiration of
this Agreement in 

 
accordance with the terms of this Agreement. Without limiting the foregoing, neither Party shall be entitled to any damages on account of prospective profits or anticipated sales. Distributor
agrees to waive the benefit of any law or regulation providing compensation to Distributor arising from the termination or expiration of this Agreement and Distributor hereby represents and warrants that such waiver is irrevocable and enforceable by
Manufacturer. All payments due to one Party by the other Party under this Agreement shall be paid in full immediately upon termination or expiration of this Agreement. 
  

	15.0	 WARRANTIES AND REPRESENTATIONS 

Manufacturer shall provide the following warranty for Products to be resold by Distributor under the terms of this Agreement: 

15.1.    Manufacturer represents and warrants to Distributor that the Products, for a period of one (1) year, will be
free from defects in materials and workmanship and will operate in material conformance with Manufacturer’s Documentation. This warranty period begins the date Products are shipped from the Distributor to its customer. The foregoing warranty
does not apply to any Products and does not cover any damage or defect of a Product which are caused in whole or in part by (i) misuse or abuse including static discharge, neglect or accident, (ii) unauthorized modification or repairs
which have been soldered or altered during assembly and are not capable of being tested by Manufacturer under its normal test conditions, (iii) improper installation, storage, handling, warehousing or transportation, or (iv) being
subjected to unusual physical, thermal, or electrical stress. The warranties provided under this Section also do not cover damage or defects caused by a Force Majeure Event. Manufacturer’s obligation for Products failing to meet this warranty
shall be to replace or repair the nonconforming Product where within the warranty period (i) Manufacturer has received written notice of any nonconformity, and (ii) after Manufacturer’s written authorization to do so, and the
nonconforming Product has been returned to Manufacturer, and (iii) Manufacturer has determined that the Product is nonconforming and that such nonconformity is not a result of improper installation, repair or other misuse by the customer.
Manufacturer shall bear the cost of freight and insurance to the point of repair for returned nonconforming goods to Manufacturer and for return of such goods from the point of repair to Distributor. The warranty on any replacement Product shall be
the greater of ninety (90) days from the time of shipment or the remaining term of the original warranty. Distributor shall not give a Customer any warranty for the Products other than as set forth in Section 15.1 above. The foregoing is
Distributor’s sole and exclusive remedy, and Manufacturer’s sole and exclusive liability, for any breach of the warranty specified in this section 15.1. 

15.2.    Each Party hereby represents and warrants to the other that: (a) it has the corporate power and authority
and the legal right to enter into this Agreement and to perform its obligations hereunder and has taken all necessary corporate action on its part to authorize the execution and delivery of this Agreement and the performance of its obligations
hereunder; and (b) the execution and delivery of this Agreement and the performance of such Party’s obligations hereunder (i) do not and will not conflict with or violate any requirement of applicable laws or regulations, and
(ii) do not and will not conflict with, or constitute a default under, any contractual obligations of it. 

15.3.    Warranty Disclaimer. EXCEPT AS PROVIDED HEREIN, MANUFACTURER MAKES NO WARRANTIES OR CONDITIONS, EXPRESS,
STATUTORY, IMPLIED OR 

 
OTHERWISE, AND MANUFACTURER SPECIFICALLY DISCLAIMS THE IMPLIED WARRANTIES AND CONDITIONS OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NONINFRINGEMENT, AND ALL OTHER IMPLIED
WARRANTIES OR CONDITIONS ARISING FROM COURSE OF DEALING, USAGE OF TRADE OR CUSTOM. NOTWITHSTANDING THE FOREGOING, MANUFACTURER DOES NOT EXCLUDE LIABILITY TO THE EXTENT THAT SUCH LIABILITY MAY NOT BE EXCLUDED OR LIMITED BY LAW. 

 

	16.0	 LIMITATION OF LIABILITY 

IN NO EVENT WILL MANUFACTURER BE LIABLE FOR ANY CONSEQUENTIAL, INDIRECT, EXEMPLARY, SPECIAL OR INCIDENTAL DAMAGES ARISING FROM OR RELATING TO THIS AGREEMENT OR
THE PRODUCTS, AND MANUFACTURER’S TOTAL CUMULATIVE LIABILITY IN CONNECTION WITH THIS AGREEMENT AND THE PRODUCTS, WHETHER IN CONTRACT OR TORT OR OTHERWISE, WILL NOT EXCEED THE AMOUNTS PAID OR PAYABLE TO MANUFACTURER BY DISTRIBUTOR UNDER THIS
AGREEMENT IN THE TWELVE (12) MONTHS PRECEDING THE CLAIM. THE FOREGOING LIMITATIONS OF LIABILITY ARE INDEPENDENT OF ANY EXCLUSIVE REMEDIES FOR BREACH OF WARRANTY SET FORTH IN THIS AGREEMENT. 

 

	17.0	 CONFIDENTIALITY 

17.1.    During the term of this Agreement and at all times thereafter, Distributor shall acknowledge as proprietary and
keep confidential (i) all confidential or proprietary information covering Products and/or processes, including without limitation, markings, sale, business and technical information or specifications, engineering data, diagnostic software,
price lists and customer lists, (ii) any information disclosed to Manufacturer by any third party which Manufacturer is obligated to treat as confidential or proprietary, (iii) any information pertaining to the business of Manufacturer or
any of its customers, vendors, suppliers, consultants or affiliates, acquired or learned by Distributor during the term of this Agreement, or (iv) any other information designated by Manufacturer as confidential or proprietary. Distributor
acknowledges that the information referred to in this Section 17.1 shall at all times remain the property of Manufacturer and shall be deemed furnished to Distributor in strict confidence. Distributor shall use such information only in
connection with its obligations under this Agreement. Without limiting the foregoing, all books, documents, records and other material and information made known to Distributor by Manufacturer pursuant to this Agreement are hereby designated as
confidential. 
 17.2.    During the term of this Agreement and at all times thereafter, Manufacturer shall acknowledge
as proprietary and keep confidential (i) any information disclosed to Distributor by any third party which Distributor is obligated to treat as confidential or proprietary, (ii) any information pertaining to the business of Distributor or
any of its customers, vendors, suppliers, consultants or affiliates, acquired or learned by Manufacturer during the term of this Agreement, or (iii) any other information designated by Distributor as confidential or proprietary. Manufacturer
acknowledges that the information referred to in this Section 17.1 shall at all times remain the property of Distributor and shall be deemed furnished to Manufacturer in strict confidence. Distributor shall use such information only in
connection with its obligations under 

 
this Agreement. Without limiting the foregoing, all books, documents, records and other material and information made known to Manufacturer by Distributor pursuant to this Agreement are hereby
designated as confidential. 
  

	18.0	 INDEMNIFICATION 

18.1.    Manufacturer’s Indemnity Obligation. Manufacturer shall, at its expense, defend Distributor against any claim
that Manufacturer’s Products supplied hereunder infringes any [patents, copyright, trade secret, or trademark]. Manufacturer shall pay all reasonable costs, damages and attorney’s fees that a court finally awards as a result of such claim.
To qualify for such defense and payment, Distributor must: (a) give Manufacturer prompt written notice of any such claim, and (b) allow Manufacturer to control, and fully cooperate with Manufacturer in, the defense of such claim and all
related settlement negotiations. In the event that Distributor bears the cost in cooperating with Manufacturer in the defense of such claim and all related settlement negotiations, Manufacturer shall reimburse to Distributor such cost. If such a
claim of infringement is made, Manufacturer at its option, may obtain for Distributor the right to continue to use and market the Products, replace them with non infringing Products, or modify said Products so that they become non infringing.
Manufacturer will not have liability for any such claim resulting from the use or combination of the Products with goods or services not provided by Manufacturer, or any modification or alteration of the Products. The foregoing is Distributor’s
sole and exclusive remedy, and Manufacturer’s sole and exclusive liability, for any claim of infringement. 

18.2.    Distributor’s Indemnity Obligation. Distributor agrees to indemnify and hold Manufacturer, its officers,
directors, employees, successors, and assigns harmless from and against any and all losses, damages, or expenses of whatever form or nature, including reasonable attorneys’ fees and other reasonable costs of legal defense, whether direct or
indirect, that they, or any of them, may sustain or incur as a result of any acts or omissions of Distributor or any of its directors, officers, employees, or agents, including but not limited to (i) breach of any of the provisions of this
Agreement, (ii) negligence or other tortious conduct, (iii) representations or statements not specifically authorized by Manufacturer herein or otherwise in writing, or (iv) violation by Distributor (or any of its directors, officers,
employees, or agents) of any applicable law, regulation, or order in or of the Territory or the United States. 
  

	19.0	 ASSIGNMENT 

Distributor may not assign or transfer, by operation of law or otherwise, any of its rights under this Agreement to any third party without
Manufacturer’s prior written consent. Manufacturer may freely assign this Agreement in whole or in part. Any attempted assignment or transfer in violation of the foregoing will be void. 

 

	20.0	 WAIVER 

The failure of either Party to enforce at any time or for any period of time any of the provisions hereof shall not be construed to be a waiver
of such provisions or of the right of such Party thereafter to enforce each and every such provision. 

	21.0	 ENFORCEABILITY 

If any term, provision, covenant, or condition of this Agreement is held by a court of competent jurisdiction to be invalid, void, or
unenforceable, the remainder of the provisions shall remain in full force and effect, and shall in no way be affected, impaired, or invalidated, provided that the Agreement remains substantially capable of performance without adversely affecting the
rights of the Parties. 
  

	22.0	 NOTICES 

Any notice or other formal communication required or permitted hereunder shall be sufficiently given, (i) when delivered personally, by
fax (and confirmed by regular mail), or by courier service or express service, or (ii) [five (5) days] after the postmark date if mailed by certified or registered mail, postage prepaid, addressed to a Party at its address stated below: 

 

			
	Distributor	  	Manufacturer
		
	 MegaChips Corporation,
 1-1-1 Miyahara, Yodogawa-ku
 Osaka, 532-0003 Japan
	  	 SiTime Corporation
 990 Almanor Ave.

Sunnyvale, CA 94085

  

	23.0	 ENGLISH LANGUAGE 

This Agreement shall be made in the English language, which language shall be controlling in all respects, and all versions hereof in any
language shall not be binding upon the Parties. All communications and notices to be made pursuant to this Agreement, including all Attachments and related documentation, shall be in the English language. 

 

	24.0	 ENTIRE AGREEMENT 

This Agreement supersedes all prior communications or understandings between Distributor and Manufacturer and constitutes the entire agreement
between the Parties with respect to the matters covered herein. In the event of a conflict or inconsistency between the terms of this Agreement and those of any order, quotation, solicitation or other communication from one Party to the other, the
terms of this Agreement shall be controlling. 
  

	25.0	 COUNTERPARTS 

This Agreement may be signed in two counterparts each of which shall be deemed to be an original, but which together will form a single
Agreement as if both Parties had executed the same document. 
  

	26.0	 AMENDMENT 

This Agreement cannot be changed, modified or amended unless such change, modification, or amendment is in writing and executed by the Party
against which the enforcement of such change, modification or amendment is sought. 

	27.0	 PARAGRAPH HEADINGS 

Paragraph headings and numbers have been inserted for convenience of reference only. 

 

	28.0	 FORCE MAJEURE 

Neither Party shall be responsible nor liable to the other Party for nonperformance or delay in performance of any terms or conditions of this
Agreement due to acts of God, acts of governments, wars, riots, strikes or other labor disputes, fire, flood, or other causes beyond the reasonable control of the nonperforming or delayed Party and without the negligence of such Party. 

 

	29.0	 GOVERNING LAW 

This Agreement shall be governed by and construed according to the laws of Japan without giving effect to any conflicts of laws principles that
require the application of the laws of a different jurisdiction. The United Nations Convention on Contracts for the International Sale of Goods does not apply to this Agreement. 

 

	30.0	 DISPUTE AND ARBITRATIION 

Any disputes concerning questions of fact or law arising from or in connection with the interpretation, performance, non-performance or termination of this Agreement including the validity, scope , or enforceability of this Agreement to Arbitrate shall be settled by mutual consultation between the Parties in good faith as promptly
as possible, but if both Parties fail to make an amicable settlement, such disputes shall be settled by arbitration in Osaka, Japan in accordance with the applicable rules of Japan Commercial Arbitration Association. The award of the arbitrators
shall be final and binding upon the Parties. 
  

	31.0	 SURVIVORSHIP 

All obligations and duties hereunder which by their nature extend beyond the expiration or termination of this Agreement shall survive and
remain in effect beyond any expiration or termination hereof. 
  

	32.0	 ATTORNEY’S FEES 

In the event of any action, suit or proceeding relating to the enforcement or interpretation of this Agreement, the prevailing Party shall be
entitled, in addition to any other rights and remedies it may have, to recover its reasonable attorneys’ fees and related costs from the non-prevailing Party. 

IN WITNESS WHEREOF, the Parties have caused this Agreement to be signed and accepted by their duly authorized representatives as of
the day and year written below. 

											
	DISTRIBUTOR	 	MANUFACTURER	 	
			
	MegaChips Coproration	 	 SiTime CORPORATION
	 	
						
	By:	 	 /s/ Kyoichi Kissei
	 		 	By:	 	 /s/ Mark A. Lunsford
	 	
	Name:	 	Kyoichi Kissei	 		 	Name:	 	Mark A. Lunsford	 	
	Title:	 	Sr. Managing Director	 		 	Title:	 	EVP Sales - Worldwide	 	
	Date:	 	April 1st, 2015	 		 	Date:	 	April 1, 2015	 	

 EXHIBIT A 

PRODUCTS 
 All products listed in the most
current Pricebook of SiTime Corporation, a Delaware corporation, with offices located at 990 Almanor Ave, Sunnyvale, CA 94085. 

 EXHIBIT B 

TERRITORY 
  

	1.	 Distributor shall have exclusive distribution rights in the Territory listed below for all Products listed in
Exhibit A. 

 The Territory shall include the following country: 

Japan 

 EXHIBIT C 

MegaChips Corporation acknowledges and agrees that the goods, software, and technology subject to this Agreement are subject to the export control laws
and regulations of the United States, including but not limited to the Export Administration Regulations (“EAR”), and sanctions regimes of the U.S. Department of Treasury, Office of Foreign Asset Controls. MegaChips Corporation will
comply with these laws and regulations. MegaChips Corporation shall not, without prior U.S. government authorization, export, reexport, or transfer any goods, software, or technology subject to this Agreement, either directly or indirectly,
to any country subject to a U.S. trade embargo (currently Cuba, Iran, North Korea, Sudan, and Syria) or to any resident or national of any such country, or to any person or entity listed on the “Entity List”, “Unverified List” or
“Denied Persons List” maintained by the U.S. Department of Commerce or the list of “Specifically Designated Nationals and Blocked Persons” maintained by the U.S. Department of Treasury. In addition, any software or any technology
subject to this Agreement may not be exported, reexported, or transferred to an end-user engaged in activities related to weapons of mass destruction. Such activities include but are not limited to activities
related to: (1) the design, development, production, or use of nuclear materials, nuclear facilities, or nuclear weapons; (2) the design, development, production, or use of missiles or support of missiles projects; and (3) the design,
development, production, or use of chemical or biological weapons 

 Confidential 

Memorandum of Understanding 
 This
Memorandum of Understanding (the “MOU”) is made by and between; 
 SiTime Corporation, a company incorporated under the laws of the State
of California, USA and having its principal place of business at 990 Almanor Avenue Sunnyvale, CA 94085 U.S.A, (hereinafter referred to as “SiTime”); and 

MegaChips Corporation, a company incorporated under the laws of Japan and having its principal place of business at Shin-Osaka Hankyu Building, 1-1-1
Miyahara, Yodogawa-ku, Osaka, 532-0003 Japan (hereinafter referred to as “MegaChips”); 
 in relation to the Distribution Agreement entered into
as of April 1st, 2015 by and between SiTime and MegaChips (the “Agreement”). 
  

	1.	 SiTime and MegaChips agrees with the followings: 

 

	 	i)	 Price of the product in relation to the Product which is sold by SiTime to MegaChips shall be set at ninety
four percent (94%) of MegaChips’ sales price to its customer; 

  

	 	ii)	 The percentage mentioned in paragraph i) above shall be reviewed by the agreement of both Parties, considering
the change of the function of both parties hereto in the Agreement and the result of the study of transfer price taxation. 

  

	 	ii)	 Initial term of this MOU shall commence on the date as the last signature date indicated below and shall
continue until March 31st, 2016. However, this Agreement will be automatically renewed and extended on year basis unless otherwise either party hereto provides the one (1) month prior written notice of non-renewal to the other party hereto by
such expiry date. 

  

	2.	 Except as set forth in this MOU, the Agreement is unaffected and shall continue in full force and effect in
accordance with its terms. If there is conflict between this MOU and the Agreement or any earlier amendment, the terms of this MOU will prevail. 

IN WITNESS WHEREOF, this MOU has been executed by the parties on the last signature date indicated below. 

 

									
	SiTime Corporation:	 		 	MegaChips Corporation:
					
	By:	 	 /s/ Mark A. Lunsford
	 		 	By:	 	 /s/ Kyoichi Kissei

	Print Name: Mark A. Lunsford	 		 	Printed Name: Kyoichi Kissei
	Title: EVP Sales Worldwide	 		 	Title: Sr. Managing Director
	Date: April 1, 2015	 		 	Date: April 1st, 2015

 Confidential 

Memorandum of Understanding 
 This
Memorandum of Understanding (the “MOU”) is made by and between; 
 SiTime Corporation, a company incorporated under the laws of the State
of California, USA and having its principal place of business at 5451 Patrick Henry Drive Santa Clara, CA 95054 U.S.A, (hereinafter referred to as “SiTime”); and 

MegaChips Corporation, a company incorporated under the laws of Japan and having its principal place of business at Shin-Osaka Hankyu Building, 1-1-1 Miyahara, Yodogawa-ku, Osaka, 532-0003 Japan (hereinafter referred to as
“MegaChips”); 
 in relation to the Distribution Agreement (the “Agreement”) and Memorandum of Understanding (the “Former
MOU”), both entered into as of April 1st, 2015 by and between SiTime and MegaChips: 
  

	1.	 SiTime and MegaChips agrees with the followings: 

 

	 	i)	 Price of the product in relation to the Product which is sold by SiTime to MegaChips shall be set at ninety six
percent (96 %) of MegaChips’ sales price to its customer; 

  

	 	ii)	 The percentage mentioned in paragraph i) above shall be reviewed by the agreement of both Parties, considering
the change of the function of both parties hereto in the Agreement and the result of the study of transfer price taxation. 

  

	 	iii)	 Initial term of this MOU shall commence on the date as the last signature date indicated below and shall
continue until December 31st, 2019. However, this Agreement will be automatically renewed and extended on year basis unless otherwise either party hereto provides the one (1) month prior written notice of non-renewal to the other party hereto
by such expiry date. 

  

	2.	 The Former MOU shall expire concurrently with the execution of this MOU. 

 

	3.	 Except as set forth in this MOU, the Agreement is unaffected and shall continue in full force and effect in
accordance with its terms. If there is conflict between this MOU and the Agreement or any earlier amendment, the terms of this MOU will prevail. 

IN WITNESS WHEREOF, this MOU has been executed by the parties on the last signature date indicated below. 

 

											
	SiTime Corporation:	 		 		 	MegaChips Corporation:
						
	By:	 	 /s/ Bruce P. Potvin
	 		 		 	By:	 	 /s/ Sadahiro Kan

	Print Name: Bruce P. Potvin	 		 		 	Printed Name: Sadahiro Kan
	Title: Vice President Global Sales	 		 		 	Title: GM, Sales Dep., Application Technology Dev. Div.
	Date: January 1, 2019	 		 		 	Date: January 1, 2019EX-10.16

 Exhibit 10.16 

Integration and Purchase Agreement 
 This
Integration and Purchase Agreement (hereinafter the “Agreement”) is entered into as of March 15, 2019 (the “Effective Date”), by and between SiTime Corporation, a Delaware corporation, having its
principal place of business at 5451 Patrick Henry Drive, Santa Clara, California 95054, (“SiTime” or “Seller”) and MegaChips Corporation, a Japanese corporation, having its registered address at: 1-1-1, Miyahara, Yodogawa, Osaka 532-0003, Japan, (“MCC” or “Buyer”). Buyer and Seller each
may be referred to individually as a “Party” or collectively as the “Parties.” 
  

	 	1	 RECITALS 

WHEREAS, Buyer is engaged in, among other things, the business of developing, designing, manufacturing and selling integrated circuits and wafers in the
semiconductor marketplace; 
 WHEREAS, Seller is engaged in, among other things, the business of designing and manufacturing oscillators, timing chips, and
MEMS resonators; 
 WHEREAS, Buyer desires to design, develop, and produce (a) product line(s) (as defined in Exhibit B) that incorporate Buyer’s
CMOS die and SiTime’s MEMS Resonator (as defined in Exhibit A); and WHEREAS, the Parties desire to enter into an agreement whereby Seller will supply to Buyer (1) certain Resonators for use in Buyer’s products and (2) a license
to use certain Circuits with the Resonator; 
 NOW, THEREFORE, in consideration of the mutual covenants and agreements of the Parties set forth below, and
for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows: 
  

	 	2	 Scope of Agreement 

 

	 	2.1	 This Agreement applies solely to the supply of Seller’s MEMS resonator die product (the
“Resonator”) as described in Exhibit A and a license to use Seller’s proprietary circuits (the “Circuits”) as described in Exhibit E with the Resonator. Additional Seller MEMS resonators may be added to this Agreement by
applicable amendments executed by the Parties, setting forth any terms and conditions specific to such additional resonators. Consistent with the rights granted in Section 15.3, Buyer’s use of the Resonator, the Circuits, and corresponding
documentation is limited solely to the integration of the Resonator, or the Resonator and the Circuits into Buyer’s product family as specified in Exhibit B. While the Resonator can be used with any of Buyer’s product under the conditions
specified in Exhibit B, the Circuits can only be used in conjunction with a corresponding instance or instances of the Resonator. The Parties may subsequently agree to extend the terms and conditions of this Agreement to the supply of new resonator
products and/or integration of the Resonator into other Buyer products by executing additional written amendments hereto, expressly setting forth such intent and any additional or unique terms and conditions. 

 

	 	3	 Term of Agreement 

 

	 	3.1	 This Agreement shall begin on the Effective Date and shall continue until
March 15, 2025, unless terminated earlier in accordance with Section 17 (the “Initial Term”). After the initial term, this Agreement shall automatically renew until either Party decides to
terminate the agreement for convenience as described in Section 17.1. 

  

	 	4	 Exclusivity and Technology Access Fee 

Section intentionally deleted. 

 CONFIDENTIAL 

 

	 	5	 Non Recurring Expenses 

Circuit License and Support Fee. Buyer shall pay a one-time lump sum integration license fee (the
“Payment”) to SiTime in the amount of $200,000; provided, that SiTime shall deliver to Buyer the following deliverables by March 22, 2019: 
  

	 	a)	 Top level database (item 1 in Exhibit E) 

 

	 	b)	 Bandgap and level shifter high temp fix schematic (items 2 and 3 in Exhibit E) 

 

	 	c)	 MHz PLL database (item 4 In Exhibit E) 

The Payment is nonrefundable and shall be due within thirty (30) days of Buyer’s receipt of Seller’s invoice; provided, that Seller shall place
an invoice therefore by March 29, 2019 JST. 
 The support provided to Buyer by Seller under this Agreement will be for Buyer’s test chip
development as described in the scope of work in Exhibit D. Support outside the scope of this agreement will be invoiced by Seller to Buyer at a rate of $1,500 per man-day plus expenses; provided, that the
total amount Buyer needs to pay for such support must be mutually confirmed before such invoicing by and between Buyer and Seller. 
  

	 	6	 PRICING AND PAYMENTS 

 

	 	6.1	 Accepted Pricing. During the Initial Term, all of Buyer’s Purchase Orders (as defined in
Section 9.1) for Resonators that are accepted by Seller shall be billed at the prices set forth in the Exhibit A to this Agreement. During the Initial Term, Seller may negotiate new pricing in good faith triggered on a greater than 20% increase
in Seller’s total cost. 

  

	 	6.2	 Full Wafer Increments. Buyer acknowledges that Seller will ship Resonators to Buyer in full wafer
increments, and therefore Buyer and Seller agree that Seller will deliver to Buyer a number of wafers with no less than the quantity of Resonators ordered by Buyer on a given Purchase Order (for clarity, SiTime shall deliver no more than one
additional wafer beyond that necessary to meet the product quantity ordered by Buyer on a given Purchase Order). Buyer acknowledges and agrees that any excess Resonators so delivered shall be invoiced and paid for in accordance with this
Section 6. Minimum order quantities are defined in Exhibit A. 

  

	 	6.3	 Billings. All billings for any services in addition to those provided in Exhibit D provided under this
Agreement will be at the price indicated on the Seller’s official quote, based on the fixed man-day rate specified in Section 5, and shall be paid for in accordance with this Section 6.

  

	 	6.4	 Taxes. Unless otherwise specified or required by law, all prices will be quoted and amounts billed
exclusive of International duties, foreign taxes, US Federal, US State, and local excise, sales and similar taxes (“Taxes”). Any such Taxes imposed by any governmental authority on, or measured by, the transactions between Seller and Buyer
shall be paid by Buyer in addition to the prices invoiced, except: (i) taxes on the net income or net worth of Seller (but excluding any withholding taxes), and (ii) Taxes for which Buyer has provided to Seller prior to shipment a
certificate of exemption acceptable to both Seller and the appropriate taxing authority. 

  

	 	6.5	 Payment. Term of payment shall be net thirty (30) days from the date Buyer receives Seller’s
invoice. All payments by Buyer shall be made without deductions based on any taxes or withholdings. Seller reserves the right to require payment in advance or C.O.D (Cash On Delivery) and otherwise to modify credit terms based on the financial
condition of the Buyer; provided, that the Parties shall agree in advance to the detailed condition for Seller actually executing such reserved right. The foregoing shall in no way limit an/ other remedy available to Seller. 

  
 -2- 

 CONFIDENTIAL 

 

	 	7	 FORECAST 

Starting in the Initial Term, Buyer shall provide Seller with a non-binding twelve (12) month rolling forecast, as
a reference for Seller, of the Buyer’s projected monthly demand for Resonators (the “Forecast”). These Forecasts will be provided quarterly before first mass production start and monthly after first mass production start. These
Forecasts are provided on a non-binding basis for planning purposes only and do not constitute any commitment to purchase or obligation to supply. 

 

	 	8	 LEAD TIMES 

The manufacturing lead time for Resonators is one hundred (100) days after the date of Seller’s acceptance of a Purchase Order (the “Lead
Time”). Lead Time may increase if ordered quantities are significantly above the average of the preceding six months of Buyer’s Forecast. 
  

	 	9	 PURCHASE ORDERS 

 

	 	9.1	 General. Buyer shall purchase Resonators by issuing a written or electronic purchase order signed (or
sent in the case of an electronic order) by an authorized representative of Buyer (a “Purchase Order”). All Purchase Orders are subject to approval and acceptance by Seller. Seller shall accept or reject such Purchase Orders within three
(3) business days from receipt thereof. Any Purchase Order is deemed to be accepted by Seller unless Seller provides any rejection in writing to such Purchase Order within a three (3) business day period. Unless explicitly accepted by
Seller in writing, all terms contained in Buyer’s purchase order that contradict or supplement the terms in this Agreement are hereby rejected. 

  

	 	9.2	 Last Time Buy. Buyer may also submit a Purchase Order to Seller representing Buyer’s last
time buy of Resonators from Seller as described in this Section 9.2 (“Last Time Buy Order”) upon Seller’s end-of-life of such Resonator or, if this
Agreement is terminated under Section 17.1, upon the termination of this Agreement. Unless otherwise agreed to by both Buyer and Seller, the Last Time Buy Order s limited to the greater of (a) four (4) times the amount of Resonators
actually purchased by Buyer in the quarter immediately preceding the submission of such Last Time Buy Order, or (b) the amount of Resonators actually purchased by Buyer in the twelve (12) months immediately preceding the date of submission
of the Last Time Buy Order. Seller agrees that Buyer may place the Purchase Order for such Last Time Buy below MOQ. 

  

	 	(i)	 If Seller elects to
end-of-life or otherwise permanently cease selling Resonators and not make available to Buyer a reasonably suitable replacement product, then Seller shall as soon as
reasonably possible, but in no event less than twelve (12) months before the end-of-life date, notify Buyer in writing and provide Buyer the opportunity to submit a
Last Time Buy Order. Such Last Time Buy Order shall be placed at least five (5) months prior to the end-of-life date for delivery within the following twelve
(12) months, or for such longer period as may be agreed in writing signed by the Parties. 

  

	 	(ii)	 If either Party elects to terminate this Agreement under Section 17.1, Buyer may place Purchase
Orders up to the date of termination and may also submit a Last Time Buy Order; provided that such Last Time Buy Order is submitted at least five (5) months prior to the date of termination of this Agreement for delivery within the twelve
(12) months immediately following the effective termination date, or for such longer period as may be agreed in writing signed by the Parties. 

  
 -3- 

 CONFIDENTIAL 

 

	 	10	 DELIVERY DATE 

Delivery Dates (as defined below) will be set forth in the Purchase Order placed by Buyer based on Seller’s Lead Time for the Resonators. “Delivery
Date” shall mean the date set forth by Seller in Seller’s acknowledgment of Purchase Order acceptance for delivery of Resonators to Buyer at Seller’s factory (or its contract manufacturer’s facility) as further specified in
Section 11 below. If the Delivery Date in the Purchase Order acknowledgement to Buyer cannot be met, then Seller shall as soon as possible notify Buyer of the late delivery and will propose a revised Delivery Date, on the basis of discussions
with Buyer. 
  

	 	11	 SHIPPING, TITLE AND DELIVERY 

Unless otherwise agreed to in writing by Seller, all sales are made EX Works Seller’s factory or its contract manufacturer’s facility in accordance
with INCOTERMS 2010. Title to the Resonators passes to Buyer, and Seller’s liability to deliver ceases, when Seller places the goods at the disposal of Buyer at Seller’s or its contractor manufacturer’s factory in good condition.
Claims against Seller for shortages must be made within thirty (30) days after the date of delivery. Seller assumes no responsibility for delay, breakage or damage after the delivery of the ordered Resonators to Buyer or its agent designated by
Buyer at the premises of Seller or its contract manufacturer. 
  

	 	12	 ACCEPTANCE 

The Buyer shall accept or reject nonconforming Resonators within thirty (30) days after the date of delivery. Failure to notify Seller in writing of
nonconforming products within such period shall be deemed an unqualified acceptance. To receive credit for the return of goods rightfully rejected by Buyer, Buyer must complete a Return Material Authorization (RMA) form which documents the cause of
rejection or non-acceptance of the Resonators. Buyer may reject Resonators solely if such Resonator (i) fails to conform to Seller’s product warranty as set forth in Section 14 below,
(ii) fails to comply with the Quality Standards set forth in Exhibit G) or General Purchase Specification, (iii) exceeds the quantities ordered by Buyer, (iv) is an incorrect product, or (v) has visible damage noticed by Buyer
during incoming inspection. 
  

	 	13	 CANCELATION AND CHANGES OF PURCHASE ORDERS 

 

	 	13.1	 Rescheduled Purchase Orders. Except for Last Time Buy Orders, Buyer may reschedule any Purchase Order up
to one hundred (100) days before the Delivery Date by providing Seller with written notice, which will take effect immediately upon receipt and acknowledgement by Seller. In the event the Delivery Date of any Purchase Order is rescheduled or
delayed by Buyer more than one hundred (100) days, Seller may cancel the Purchase Order and the terms of Section 13.2 will apply. 

  

	 	13.2	 Cancellation of Purchase Orders. Buyer may cancel any Purchase Order placed hereunder, in whole or in
part, prior to shipment for its sole convenience, by giving written notice of cancellation to Seller. If the cancellation occurs after the Seller has begun to incur costs for the wafer lot related to the cancelled Purchase Order, Buyer shall be
invoiced by Seller as per the calculation by the Cancellation Charge Rate set forth in the following table and the price described on the Purchase Order actually issued by Buyer, or per using the nominal die per wafer value in Exhibit A, if there is
no Purchase Order placed by Buyer, to calculate the purchase price of each cancelled wafer: 

 [Cancellation Charge
Rate] 
  

			
	
Notice of Purchase Order Cancellation
	  	 Cancellation Charge

	 P/O Obtained ~ Before Wafer Start
	  	0% of purchase price
	 Wafer Start ~ Zero Mark
	  	30% of purchase price
	 RT Etch ~ HF Release
	  	50% of purchase price
	 EpiSeal ~ PCM Test
	  	80% of purchase price
	 Water Test Step ~ Pre-Shipment
	  	100% of purchase price

  
 -4- 

 CONFIDENTIAL 

 

	 	14	 LIMITED WARRANTY AND DISCLAIMER 

 

	 	14.1	 Limited Warranty. Seller warrants that the Resonators delivered to Buyer shall in normal use conform in
all material respects to Seller’s final specifications agreed upon by the Parties for the Resonators and set forth in Exhibit F for a period of one (1) year plus thirty (30) days following the Delivery Date (the “Warranty
Period”). Seller shall not make changes to any specifications for the Resonators, or any changes to the process characteristics, that affect form, fit or function without Buyer’s prior written consent, which shall not be unreasonably
withheld. The foregoing warranty does not cover any nonconformity of, damage to, or defect in any Resonator that is caused in whole or in part by Buyer’s: (i) misuse or abuse including static discharge, neglect or accident,
(ii) unauthorized modification or repairs, (iii) soldering or alteration during assembly such that the Resonators are not capable of being tested by Seller under its normal test conditions, (iv) improper installation, storage,
handling, warehousing or transportation, or (v) being subjected to unusual physical, thermal, mechanical, vibrational, or electrical stress. Buyer shall cooperate in good faith, and provide all reasonable assistance necessary, to enable Seller
to make a final determination as to the existence or cause of any alleged defect. Buyer acknowledges and agrees that this limited warranty shall not apply to Seller products or units identified as
“Pre-production” units, which Buyer agrees are delivered “AS IS” and without any warranty, or right to recourse or credit of any kind whatsoever against Seller. 

 

	 	14.2	 Disclaimer of Warranties. THE FOREGOING WARRANTY IS MADE EXPRESSLY IN LIEU OF ALL OTHER WARRANTIES.
SELLER SPECIFICALLY DISCLAIMS ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, EITHER IN FACT OR BY OPERATION OF LAW. STATUTORY OR OTHERWISE. INCLUDING THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR USE OR A PARTICULAR PURPOSE, NONINFRINGEMENT AND
ANY IMPLIED WARRANTY ARISING FROM COURSE OF DEALING OR USAGE OF TRADE, AS WELL AS ANY COMMON-LAW DUTIES RELATING TO ACCURACY OR LACK OF NEGLIGENCE, WITH RESPECT TO THE RESONATORS, ANY OTHER SELLER PRODUCT OR
SERVICE, AND ANY PRODUCT DOCUMENTATION. 

  

	 	14.3	 EXCLUSIVE REMEDY. SELLER’S SOLE OBLIGATION TO BUYER HEREUNDER FOR RESONATORS FAILING TO MEET THE
LIMITED WARRANTY STATED ABOVE AND BUYER’S EXCLUSIVE REMEDY SHALL BE, AT SELLER’S DISCRETION ON THE BASIS OF BUYER’S DEMAND, TO REPLACE THE NONCONFORMING RESONATOR OR ISSUE BUYER CREDIT FOR THE PURCHASE PRICE PAID TO SELLER FOR THE
NONCONFORMING RESONATOR. This remedy is available only where within the Warranty Period: 1) Buyer provides Seller with written notice of the nonconformity, and 2) after Seller’s written authorization to do so, Buyer returns (in accordance with
the schedule agreed to by the Parties) the nonconforming Resonator to Seller, freight prepaid, and 3) Seller has determined that the Resonator is nonconforming and that such nonconformity is not a result of any of the exclusions identified in
Section 14.1 above. In no case are Resonators to be returned without first obtaining permission and a customer return order number from Seller, which Seller agrees to not unreasonably withhold. Notwithstanding the foregoing, in the case where
the Resonator’s nonconformity causes Buyer’s cost, such cost will be compensated by Seller to Buyer; provided, however, that such Seller’s liability will be limited in accordance with Section 19. UNLESS OTHERWISE AGREED BETWEEN
SELLER AND BUYER, SELLER NEITHER ASSUMES NOR AUTHORIZES ANY OTHER 

  
 -5- 

 CONFIDENTIAL 

 

	 	
PERSON TO ASSUME FOR IT ANY OTHER LIABILITY IN CONNECTION WITH THE SALE, INSTALLATION OR USE OF ITS RESONATORS OR OTHER PRODUCTS AND SERVICES AND SELLER MAKES NO WARRANTY WHATSOEVER FOR PRODUCTS
NOT MANUFACTURED OR SERVICES NOT PROVIDED BY SELLER. 

  

	 	14.4	 BUYER’S RESPONSIBILITY. The Parties acknowledge and agree that Buyer has the sole responsibility
for final test and calibration of the Resonators, which includes proper design for testing of the ASICs and that the final test and calibration detect failures that are caused by, or attributable to, Buyer, its agents or contractors during further
processing and handling of the Resonators after Sellers outgoing inspection. This includes (but is not limited to) storage, packaging, test and calibration at Buyer’s factories and/or foundries. Seller shall not be responsible for any failures
that should have been detected by Buyer’s inline tests (SPC), at packaging, at final test and/or calibration. The Parties acknowledge and agree that the MEMS Resonators contain free standing, released mechanical structures with the purpose to
oscillate in a controlled fashion during proper operation. Common process steps such as (but not limited to) backgrinding, dicing, wire bonding, molding, package singulation, megasonic cleaning can destroy or induce failures of the structures if
improper process parameters are used. 

  

	 	15	 INDEMNIFICATION; INTELLECTUAL PROPERTY 

 

	 	15.1	 Seller’s Indemnification of Buyer: Subject to the limitations herein, Seller will defend any suit
or proceeding brought against Buyer to the extent it is based on a claim brought by a third party that the Resonator or Circuit furnished hereunder constitutes an infringement of the third party’s U.S., Canada, Germany, France, Italy,
Switzerland, United Kingdom, or Japan patent, copyright or trade secret (a “Claim”). Seller’s obligations are subject to Seller being notified promptly in writing and given full and complete control, authority, information and
assistance (at Seller’s expense) for defense of the Claim. Seller will pay damages and costs awarded against Buyer in such Claim, but shall not be responsible for any compromise or settlement made without its consent. In providing such defense,
or in the event that such Resonator or Circuit is held to constitute infringement and the use of the Resonator or Circuit is enjoined. Seller, in its discretion, shall procure the right for Buyer to continue using such Resonator or Circuit, or
modify it so that it becomes non-infringing, or accept its return and grant Buyer a credit for the depreciated value thereof. Seller’s obligations under this Section 15.1 do not apply to the Seller
Claim described in Section 15.2. The foregoing remedy is exclusive and constitutes Seller’s sole obligation for any claim of intellectual property infringement arising hereunder. 

 

	 	15.2	 Buyer’s Indemnification of Seller: Subject to the limitations herein, Buyer will defend any suit or
proceeding brought against Seller to the extent it is based on a claim brought by a third party that (1) Buyer’s Product design, specification and/or instruction, or (2) Buyer’s use of any Resonator or Circuit in combination with
other products, or (3) a manufacturing process of Buyer’s Product, constitutes an infringement of any U.S., Canada, Germany, France, Italy, Switzerland, United Kingdom, or Japan patent, copyright or trade secret (a “Seller
Claim”). Buyer’s obligations are subject to Buyer being notified promptly in writing and given full and complete control, authority, information and assistance (at Buyer’s expense) for defense of the Seller Claim. Buyer will pay
damages and costs awarded against Seller in such Seller Claim, but shall not be responsible for any compromise or settlement made without its consent. The foregoing remedy is exclusive and constitutes Buyer’s sole obligation for any claim of
intellectual property infringement arising hereunder. 

  

	 	15.3	 Intellectual Property Rights. 

 

	 	(a)	 Seller’s Intellectual Property Rights. Seller owns all right, title and interest in all
Intellectual Property Rights in and relating to the Resonators described in Exhibit A, the Circuits described in Exhibit E, and any improvements or modifications 

  
 -6- 

 CONFIDENTIAL 

 

	 	
made by Seller thereof. Except as otherwise expressly stated herein, the sale of such Resonators does not convey any license by implication, estoppel or otherwise covering such Intellectual
Property Rights, the Resonator themselves, or any combinations of the Resonator with other equipment data or programs. Seller retains the copyright and trademark rights in all documents, catalogs and plans supplied to Buyer pursuant to or ancillary
to the sale of Resonators or services by Seller. Seller hereby grants to Buyer a royalty-free, world-wide, non-transferable, non-exclusive, irrevocable (except as
otherwise set forth in this Agreement) license (i) to use, have used, sell, lease or otherwise transfer the Resonators purchased and Circuit received by Buyer from Seller under this Agreement solely as part of Buyer’s Products specified in
Exhibit B; and (ii) to use and incorporate the MEMS process details set forth in the Integration Documentation (as defined in Section 16) solely as part of Buyer’s Products as specified in Exhibit B and solely for use in conjunction
with the Resonators purchased by Buyer from Seller. 

  

	 	(b)	 Buyer’s Intellectual Property Rights. Buyer owns all right, title and interest in all Intellectual
Property Rights in and relating to the Buyer’s Products as specified in Exhibit B being designed and developed by Buyer, and any improvements or modifications thereof, excluding the Resonators, the Circuits, and all Intellectual Property Rights
therein which are owned by Seller as described in the provision above. To the extent Buyer creates or improves any technology of the Resonators or the Circuits or of any of Seller’s Intellectual Property Rights that has an impact on the
performance or function of the Resonator (an “Improvement”), Buyer hereby grants to Seller a royalty-free, perpetual, world-wide, non-exclusive, irrevocable right and license to use, have used, sell,
offer for sale, import, make, have made, reproduce, distribute, lease, or otherwise transfer, each directly and indirectly, the Improvement. Circuit layout implementation such as GDS will not be considered an Improvement under this agreement.

  

	 	(c)	 Jointly Owned Intellectual Property Rights. Buyer and Seller shall jointly own all patents, copyrights,
trade secrets, know-how and other forms of intellectual property conceived or perfected jointly such that the Parties qualify as joint owners under the applicable intellectual property statutes (“Jointly
Owned IP”) and each Party hereby assigns to the other Party a one-half, undivided interest in the Jointly Owned IP. Any Patents (as defined below) or other registered rights issuing thereon shall be owned
jointly. Each Party has the right to independently exercise any and all rights of ownership without accounting to the other Party. Each party shall have the right to apply for registration of any Jointly Owned IP without the need for the consent of
the other Party; provided that if the other Party does not consent, the non-consenting Party will not share in the costs of such prosecution. Each Party will have the right to enforce the Jointly Owned IP
without the consent of the other party; provided that the non-consenting Party will not share in any damages, settlements, or awards resulting from such enforcement action. The foregoing rights relating to any
Jointly Owned IP specifically excludes and is subject to a Party’s rights in and to any pre-existing Intellectual Property Rights. 

 

	 	(d)	 Definition. “Intellectual Property Rights” shall mean any and all interest or
right protectable under the law of any country (including all statutory and/or common law rights throughout the world) as to any form of the following: (i) all patents and applications therefore and all reissues, divisions, renewals,
extensions, provisionals, continuations and continuations-in-part thereof (“Patents”); (ii) all inventions (whether patentable or not), invention disclosures
and improvements, trade secrets, proprietary information, know-how and technology; (iii) all works of authorship, “moral rights”, copyrights, and copyright registrations and applications;
(v) all industrial designs and any registrations and applications therefore; (vi) any similar, corresponding or equivalent rights to any of the foregoing; and (vii) all trade names, logos, trademarks and service marks, trademark and
service mark registrations and applications. 

  
 -7- 

 CONFIDENTIAL 

 

	 	16	 CONFIDENTIALITY 

Each party (the “discloser”) may from time to time during the term of this Agreement disclose to the other party (the “recipient”) certain
information regarding the discloser’s business, including technical, marketing, financial, employee, planning, and other confidential or proprietary information (“Confidential Information”). The discloser will mark all Confidential
Information in tangible form as “confidential” or “proprietary” or with a similar legend. The discloser will identify all Confidential Information disclosed orally as confidential at the time of disclosure and provide a written
summary of such Confidential Information to the recipient within thirty (30) days after such oral disclosure. Regardless of whether so marked or identified, the following shall be deemed the Confidential Information of Seller: All MEMS process
details including but not limited to process flow, process specification, and process tools used, resonator or circuit design, design features and resonator or circuit specifications, design for test IP and know how (circuit and MEMS related) and
specifications thereof (collectively, the “Integration Documentation”). At a minimum, the recipient (i) agrees to maintain such Confidential Information in strict confidence and to limit disclosure of such Confidential Information on
a ‘need to know basis’ (as further described in this Section 16), (ii) shall take all reasonable precautions to prevent unauthorized disclosure of such Confidential Information, and (iii) shall treat such Confidential Information
as it treats its own information of a similar nature, but with no less than reasonable care. The foregoing obligations shall continue to apply until such Confidential Information becomes rightfully available to the public through no fault of the
recipient. The recipient will have no obligation to maintain the confidentiality of any Confidential Information that is independently developed by recipient without access to, or use of, the discloser’s Confidential Information. In addition,
the recipient will be allowed to disclose Confidential Information of the discloser solely to the extent that such disclosure is (A) approved in writing by the discloser; (B) necessary for the recipient to enforce its rights under this
Agreement in connection with a legal proceeding; or (C) required by law or by the order or a court of similar judicial or administrative body, provided that the recipient notifies the discloser of such required disclosure promptly and in
writing and cooperates with the discloser, at the discloser’s reasonable request and expense, in any lawful action to contest or limit the scope of such required disclosure. Neither Party shall disclose to any third party (except the other
Party’s employees and contractors, on a need to know basis) the other Party’s Confidential Information without such other Party’s prior written consent. Each Party shall ensure that all of its contractors who may have access to the
other Party’s Confidential Information are bound by written agreements containing restrictions on use and disclosure substantially similar to the confidentiality restrictions contained in this Agreement before being provided access to such
Confidential Information. The Parties shall not use any of the other Party’s Confidential Information for purposes other than those purposes that are necessary to directly further the purposes of this Agreement and, more specifically, Buyer
shall not use any of SiTime’s Integration Documentation for any purpose other than for the integration of the Resonators purchased and Circuit received by Buyer from Seller into Buyer’s Products as defined in Exhibit B. Employees and
contractors of each of the Parties who access the other Party’s facilities may be required to sign a separate access agreement consisting of reasonable terms and conditions to protect the accessed Confidential Information prior to admittance to
such facilities. Upon the earlier of (a) termination of this Agreement; and (b) request by the disclosing Party, each Party will return to the other Party all Confidential Information (including copies thereof) of the other Party, or,
pursuant to the other Party’s written instructions, destroy all materials in its possession containing Confidential Information of the other Party, and provide a certificate of destruction. Returned Confidential Information shall be shipped
freight collect. 
  

	 	17	 TERMINATION 

  

	 	17.1	 Termination for Convenience. Subject to the terms herein, either Party may terminate this Agreement, in
whole or in part, upon providing at least ninety (90) days advance written notice with reason to the other Party. Seller’s right to exercise its termination rights under this Section 17.1 shall not be available until the end of the
Initial Term or the conditions of Section 6.1. 

  
 -8- 

 CONFIDENTIAL 

 

	 	17.2	 Termination for Cause. Either Party may suspend its performance and/or terminate this Agreement or any
Purchase Order immediately upon written notice to the other Party at any time if: 

  

	 	(i)	 The other Party is in material breach of any warranty, term, condition or covenant of this Agreement,
other than those contained in the confidentiality terms in Section 16 of this Agreement, and fails to cure that breach within thirty (30) days after written notice of that breach; 

 

	 	(ii)	 The other Party breaches the confidentiality terms in Section 16 of this Agreement; or

  

	 	(iii)	 The other Party: (a) fails to pay its debts or perform its obligations in the ordinary course of
business as they mature; (b) admits in writing its inability to pay its debts or perform its obligations as they mature; (c) dissolves, liquidates, or ceases to conduct business; or (d) makes an assignment for the benefit of
creditors. 

  

	 	17.3	 Effect of Termination 

 

	 	(i)	 Upon expiration or termination of this Agreement for any reason on Buyer’s circumstance. Buyer
shall pay for all services performed through the effective date of expiration or termination, including any service completed by Seller thereafter at Buyer’s request. Provided that this Agreement is not terminated pursuant to Section 17.2,
Seller shall deliver Resonators for which Purchase Orders were received prior to the date of expiration or termination. Buyer shall pay Seller, as described in this Agreement, for all Resonators delivered prior to or after the effective date of
expiration or termination of this Agreement. 

  

	 	(ii)	 Promptly upon the termination of this Agreement for any reason, the Parties shall return to the other
Party or destroy any and all Confidential Information in accordance with Section 16, provided, however, that Buyer may retain a copy of all specifications, models, as-built drawings or information, and
other technical data provided by Seller to Buyer for the sole purpose of enabling Buyer to support the Resonators incorporated into Buyer’s Products as defined in Exhibit A. All such information shall remain subject to the terms and conditions
of this Agreement including, without limitation. Section 16. 

  

	 	(iii)	 The following Sections shall survive any termination or expiration of this Agreement: 6 (“Pricing
and Payment”), 14 (“Limited Warranty and Disclaimer”), 15 (“Indemnification; Intellectual Property”), 16 (“Confidentiality”), 17.3 (“Effect of Termination”), 18 (“Contingencies”). 19
(“Limitation of Liability”), 20 (“Controlling Law”), 22 (“Dispute Resolution”), 23 (“General Legal”), 24 (“Import/Export”), and 25 (“Critical Use Exclusion Policy”). 

 

	 	18	 CONTINGENCIES 

Neither Party shall be responsible for any delays or failure to perform due to unforeseen circumstances or due to any cause beyond such Party’s reasonable
control. Examples of such causes are acts of war, riot, embargoes, acts of civil or military authorities, fire, floods, accidents, strikes, shortages of transportation facilities, fuel, labor or materials or any other causes beyond Seller’s
reasonable control. In the event of any delay caused by such contingency, the Delivery Date will be deferred for a period equal to the time of loss by reason of the delay and any necessary minimum recovery time acceptable to Buyer. 

 

	 	19	 LIMITATION OF LIABILITY 

EXCEPT FOR A PARTY’S BREACH OF SECTIONS 15.3 (“INTELLECTUAL PROPERTY RIGHTS”) OR 16 (“CONFIDENTIALITY”), AND FOR SELLER’S
OBLIGATIONS UNDER SECTION 15.1 (“SELLER’S INDEMNIFICATION OBLIGATIONS”) AND BUYER’S OBLIGATIONS UNDER SECTION 15.2 (“BUYER’S 

  
 -9- 

 CONFIDENTIAL 

 

 
INDEMNIFICATION OBLIGATIONS), (A) EACH PARTY’S TOTAL CUMULATIVE LIABILITY UNDER, OR FOR ANY BREACH OF, THIS AGREEMENT SHALL BE LIMITED TO THE TOTAL AMOUNT PAID OR OWED BY BUYER FOR ALL OF
ITS PURCHASES OF THE RESONATORS HEREUNDER UP TO A MAXIMUM OF THREE MILLION DOLLARS ($3,000,000); AND (B) IN NO EVENT SHALL EITHER PARTY BE LIABLE FOR COSTS OR PROCUREMENT OF SUBSTITUTE GOODS, LOSS OF PROFITS, LOSS OF REVENUE, LOSS OF BUSINESS
OR FOR ANY SPECIAL, CONSEQUENTIAL, INCIDENTAL OR OTHER INDIRECT DAMAGES, HOWEVER CAUSED, WHETHER FOR BREACH OF WARRANTY, STRICT LIABILITY, BREACH OF CONTRACT, REPUDIATION OF CONTRACTS, NEGLIGENCE, PRODUCTS LIABILITY, OR OTHERWISE. THIS LIMITATION
WILL APPLY EVEN IF ANY REMEDY FAILS OF ITS ESSENTIAL PURPOSE. NEITHER PARTY SHALL BE LIABLE FOR DAMAGES DUE TO DELAYS IN DELIVERABLES OR PERFORMANCE. THIS SECTION LIMITS EITHER PARTY’S LIABILITY FOR BODILY INJURY OF A PERSON OR DEATH TO FIFTEEN
MILLION DOLLARS ($15,000,000). THIS SECTION 19 DOES NOT LIMIT BUYER’S OBLIGATION TO PAY FOR ALL SERVICES AND RESONATORS PROVIDED BY SELLER TO BUYER UNDER THIS AGREEMENT. 
  

	 	20	 CONTROLLING LAW 

The terms and conditions contained herein shall be governed by and construed under the laws of the State of California without giving effect to any conflicts
of laws principles that require the application of the laws of a different jurisdiction. The United Nations Convention on Contracts for the International Sale of Goods does not apply to this Agreement. 

 

	 	21	 SECURITY 

Reserved. 
  

	 	22	 DISPUTE RESOLUTION 

The Parties shall use their best efforts to amicably resolve any dispute or claim arising out of or in connection with any terms and conditions contained
herein. If the Parties are unable to resolve such dispute or claim, such disputes or claim will be finally and exclusively resolved by arbitration in Santa Clara, California, USA through the service of the International Chamber of Commerce (ICC) in
accordance with the applicable international arbitration rules of ICC. The Parties hereby agree to expressly exclude application of the United Nations Convention on Contracts for the International Sale of Goods. 

 

	 	23	 GENERAL LEGAL 

 

	 	23.1	 The prevailing Party in any legal action brought by one Party against the other shall be entitled, in
addition to any other rights and remedies it may have, to reimbursement for its expenses incurred thereby, including court costs and reasonable attorneys’ fees. 

 

	 	23.2	 Each shipment made hereunder shall be considered a separate transaction. In the event of any default by
Buyer. Seller may decline to make further shipments. If Seller elects to continue to make shipments, such action shall not constitute a waiver of any default by Buyer or in any way affect Seller’s legal remedies for such default.

  

	 	23.3	 This Agreement constitutes the entire agreement between the Parties with respect to the matters covered
herein and supersedes all previous communications, whether oral or written. Any changes to this Agreement must be made only upon mutual agreement of the Parties in writing. The terms and conditions of this Agreement exclusively govern all
quotations, Purchase Orders and sales hereunder. 

  

	 	23.4	 In the event that any section of this Agreement is deemed unenforceable, the remaining sections shall
remain in force. 

  
 -10- 

 CONFIDENTIAL 

 

	 	23.5	 The parties acknowledge that they are independent contractors and no other relationship, including
partnership, joint venture, reseller, distributor, employment, franchise, master/servant or principal/agent is intended by this Agreement. Neither party shall have the right to bind or obligate the other party 

 

	 	24	 IMPORT/EXPORT 

 

	 	24.1	 Buyer agrees to comply with all applicable laws and regulations of the United States and of the
destination country. Buyer shall not sell, transfer, export or re-export Seller products or technical information without the applicable U.S. Government authorization, and Buyer will immediately notify Seller
if Buyer is listed on the Denied Persons List or its export privileges are otherwise denied, suspended or revoked in whole of in part by any U.S. Government entity or agency. Buyer warrants that it will not, in any form, export, re-export, resell, ship or divert or cause to be exported, re-exported, re-sold, shipped or diverted, directly or indirectly, any
product or technical data furnished hereunder, or the direct product of such technical data, to any country or to any foreign national or any country for which the United States Government requires an export license, or other approval, without first
obtaining such license or approval. Buyer assumes any risk or delay associated with compliance with the export controls or regulations and data transfers to and from the United States and any foreign destination. Buyer shall hold harmless and
Indemnify Seller for any damages resulting to such other Party from a breach of this paragraph by Buyer. 

  

	 	24.2	 Seller declares that it complies and will comply with any requirements of applicable export laws and
regulations of the United States and/or any other countries applicable to Resonators and Circuit; and warrants that it did not, does not, and will not, in any form, export, re-export, resell, ship or divert or
cause to be exported, re-exported, re-sold, shipped or diverted, directly or indirectly, any product or technical data furnished hereunder, or the direct product of such
technical data, to any country or areas for which the United States Government requires an export license, or other approval, without first obtaining such license or approval. Seller assumes any risk or delay associated with compliance with the
export controls or regulations and data transfers to and from the United States and any foreign destination. Seller shall hold harmless and indemnify Buyer for any damages resulting to such other Party from a breach of this paragraph by Seller.

  

	 	25	 CRITICAL USE EXCLUSION POLICY 

BUYER UNDERSTANDS AND ACKNOWLEDGES THAT RESONATORS SOLD BY SELLER ARE NOT SUITABLE OR INTENDED TO BE USED IN A LIFE SUPPORT APPLICATION OR COMPONENT, TO
OPERATE NUCLEAR FACILITIES, OR IN OTHER MISSION CRITICAL APPLICATIONS WHERE HUMAN LIFE MAY BE INVOLVED OR AT STAKE. BUYER AGREES NOT TO USE SELLER’S PRODUCTS FOR ANY APPLICATION OR AS OR IN ANY COMPONENTS USED IN LIFE SUPPORT DEVICES OR TO
OPERATE NUCLEAR FACILITIES OR FOR USE IN OTHER MISSION-CRITICAL APPLICATIONS OR COMPONENTS WHERE HUMAN LIFE OR PROPERTY MAY BE AT STAKE. ALL SALES ARE MADE CONDITIONED UPON BUYER’S COMPLIANCE WITH FOREGOING. 

 

	 	26	 QUALITY CONTROL AND AUDIT 

 

	 	26.1	 Seller will use commercially reasonable efforts to manufacture and deliver the Resonator per the
specification as set forth in Exhibit F and the General Purchase Specification (GPS) mutually agreed in writing between Seller and Buyer. 

  

	 	26.2	 If Seller discovers that Seller’s Products do not meet the General Purchase Specification, Seller
shall immediately take reasonable measures to ensure Seller’s Products meet the General Purchase Specification. 

  
 -11- 

 CONFIDENTIAL 

 

	 	26.3	 If Seller finds a process abnormality in its manufacturing process, which will adversely affect
(i) Buyer’s testing and packaging process or (ii) the quality of Buyer’s Products incorporating Seller’s Products, Seller shall immediately report to Buyer with the cause of such process abnormality and the appropriate and
effective measures to correct and prevent such process abnormality. The details of the measures to be taken against the process abnormality shall be determined upon between Seller and Buyer through the discussion in good faith.

  

	 	26.4	 If any abnormal or defective product included in Seller’s Products is found in Buyer’s or its
customer’s process, Buyer may request Seller to investigate the cause of such abnormality or defect; provided, that Buyer shall send to Seller the Seller’s Product in question together with the investigation result performed by Buyer. In
this case, no later than two (2) weeks from Seller’s receipt of the Seller’s Product in question, Seller shall perform its investigation and submit to Buyer the failure analysis report of the cause(s) of the abnormality or defect and
the appropriate measures to correct and prevent the abnormality or defect. 

  

	 	26.5	 Seller shall keep any record relevant to Seller’s products which reasonably allows Buyer to trace
the process and test/inspection of Seller’s Products at least for five (5) years after the shipment to Buyer of such Seller’s Products. 

  

	 	26.6	 Buyer shall have the right to audit Seller for the purpose of assessing the process quality control and
quality assurance system in relation to Seller’s Products. Such right does not extend to Buyer’s customers unless agreed to in advance by Seller. Details, including, but not limited to, the schedule, of the audit shall be determined upon
between Seller and Buyer through discussion in good faith. A minimum of two months’ notice must be given to schedule an audit. Any audit will be performed during the standard business time of the audited facility for minimizing the disruption
to the facility’s business. Any audit will be conducted at Buyer’s expense by Buyer and/or its auditors who will execute Seller’s standard confidentiality agreement to maintain any information learned as a result of or during the
audit in strict confidence and to treat such information solely for the purpose of such audit. While staying in Seller’s facility, Buyer and/or its auditors shall at anytime fully comply with the facility’s rules. Buyer shall, at its own
expenses, indemnify and hold Seller harmless from and against any and all losses or damages, including, without limitation, loss of or damages to any of Seller’s properties or loss of personal health or life, caused by the Buyer and/or its
auditors during such visit. 

  

	 	26.7	 In the case where there is any conflict among the terms and conditions of the Exhibits, and the General
Purchase Specification, those of the General Purchase Specification will prevail. 

  

	 	27	 MUTUAL CONSULTATION 

In the case where there happens the change to the business circumstance or market condition, etc., around both Seller and Buyer, and, due to such change, the
terms and conditions hereof becomes unreasonable to be applied for the transactions between Seller and Buyer, Seller and Buyer shall hold both parties’ mutual consultation and determine the solution to such change. 

[This Space Intentionally Blank] 

  
 -12- 

 CONFIDENTIAL 

 

 IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed by their duly authorized
representatives on the final date set forth below. 
  

									
	SITIME CORPORATION	 		 	MEGACHIPS CORPORATION
					
	Signed:	 	 /s/ Lionel Bonnot
	 		 	Signed:	 	 /s/ Masashi Kuramoto

	By:	 	Lionel Bonnot	 		 	By:	 	Masashi Kuramoto
	Title:	 	EVP Business Development	 		 	Title:	 	GM, Development Dept., Asia Bis. Div. No. 1
					
	Date:	 	March 26, 2019	 		 	Date:	 	March 26, 2019

 Exhibits: 
 A: Resonator
Description and Pricing 
 B: Buyer’s Product and Forecast 

C: Project Schedule 
 D: Scope of Work for Test Chip 

E: The Circuits as Provided to Support Resonator Integration 
 F:
MEMS RESONATOR Specification/Datasheet 
 G: Quality Standards 

  
 -13-

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