Document:

Deferred Compensation Plan

Table of Contents

 Exhibit 4.4 
 STERLING BANCSHARES, INC. 
 DEFERRED COMPENSATION PLAN 

(as Amended and Restated Effective July 28, 2011) 

Table of Contents

 TABLE OF CONTENTS 

 

					
	 ARTICLE
	  	PAGE	 
		
	 I. Definitions and Construction
	  	 	1	  
		
	 II. Participation
	  	 	5	  
		
	 III. Account Credits and Allocations of Income or Loss
	  	 	6	  
		
	 IV. Deemed Investment of Funds
	  	 	9	  
		
	 V. Vested Interests
	  	 	11	  
		
	 VI. In-Service Distributions
	  	 	11	  
		
	 VII. Termination Benefits
	  	 	12	  
		
	 VIII. Administration of the Plan
	  	 	15	  
		
	 IX. Administration of Funds
	  	 	17	  
		
	 X. Nature of the Plan
	  	 	18	  
		
	 XI. Miscellaneous
	  	 	18	  

  
 (i)

Table of Contents

 STERLING BANCSHARES, INC. 

DEFERRED COMPENSATION PLAN 
 (As Amended and Restated Effective July 28, 2011) 
 W I T N E S S E T
H : 
 WHEREAS, COMERICA INCORPORATED (the “Parent”), as successor to Sterling Bancshares, Inc., maintains
the STERLING BANCSHARES, INC. DEFERRED COMPENSATION PLAN (the “Plan”) to provide certain of its employees with the ability to electively defer, on a before-tax basis, compensation and to receive certain Company deferrals; 

WHEREAS, Parent assumed the Plan on July 28, 2011, in connection with the consummation of the transactions contemplated by
the Agreement and Plan of Merger dated as of January 16, 2011, as amended, by and between Parent and Sterling; 

WHEREAS, Parent has entered into Letter Agreements with certain key employees of Sterling that provide for the establishment of
individual deferred compensation accounts for each such key employee; and 
 WHEREAS, Parent desires to amend and restate
the Plan to reflect such assumption and the establishment under the Plan of the individual deferred compensation accounts required by the Letter Agreements and to make certain corresponding administrative amendments; 

NOW, THEREFORE, Parent hereby amends and restates the Plan, effective as of July 28, 2011: 

I.  

Definitions and Construction 

1.1 Definitions. Where the following words and phrases appear in the Plan, they shall have the respective meanings set
forth below, unless their context clearly indicates to the contrary. 
 Account(s): A Member’s Company
Account, Deferral Account, Special Severance Account and/or Grandfathered Account, as the context requires. 
 Base
Salary: The base pay and commissions payable by the Company to an Employee Member for services after his applicable Election Date; provided, however, the Committee may, in its sole discretion, limit the amount of commissions that are to be
considered under the Plan for any Member for any Plan Year. 
 Code: The Internal Revenue Code of 1986, as
amended. 

  
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 Company: Parent and any Subsidiary which adopts the Plan pursuant to the
provisions of Section 2.3. 
 Company Account: An individual bookkeeping account for each Member which is
credited with any Company Deferrals made on his behalf pursuant to Section 3.2. Such account shall be credited (or debited) with its share of net income (or net loss) as provided in Section 3.4. 

Company Deferrals: Nonelective deferrals made by the Company on an Employee Member’s behalf pursuant to
Section 3.2. 
 Compensation: With respect to an Employee Member, his Base Salary, Incentive Compensation and
Eligible Bonus, as applicable, and with respect to a Director Member, his Director’s Fees. 
 Deferral
Account: An individual bookkeeping account maintained for each Member which is credited with his elective Compensation deferrals made pursuant to Section 3.1 with respect to Compensation payable after December 31, 2004. Such
account shall be credited (or debited) with its share of net income (or net loss) as provided in Section 3.4. 

Director: A former non-employee member of the Board of Directors of Sterling. 

Director’s Fees: A Director’s annual retainer, meeting fees, committee fees and all other fees paid for his
services as a Director for services rendered after his Election Date, whether paid in cash or in shares of Company stock. 

Director Member: A Member who is a Director with an Account. 

Election Date: The first day of each Plan Year; provided, however, with respect to an individual who first becomes a
Director or an employee (whether by an acquisition or hire) (as used herein, “Plan” shall include any plan aggregated with the Plan under Section 409A of the Code) after the beginning of a Plan Year and prior to July 1 of that
Plan Year (or, if an employee on January 1 is later promoted into the eligible class of employees after January 1 and prior to July 1), his initial Election Date under the Plan shall be July 1 of that Plan Year. With respect to
any individual who is rehired and previously was a Member in the Plan or participated in a plan that is aggregated with the Plan for purposes of Section 409A, his first Election Date following his date of rehire shall be the first day of the
Plan Year following his date of rehire, provided he is designated as eligible to participate that year (if not designated as eligible, it shall be the first day of the Plan Year following his designation as again being eligible). 

Eligible Bonus: With respect to an Employee Member, bonus payments provided under any bonus plan or individual bonus
agreement, not including Short-Term Incentive Plans, Central Department annual bonus plans, or Shared Services Executive Team bonus plans, which has been approved by the Committee or, to the extent authorized by the Committee, its delegate, provided
that (i) the proceeds of such plan or agreement must be payable in cash and (ii) the 

  
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actual amount of such bonus payments must be not less than $10,000 on the payment date. For purposes of this definition, amounts designated as “signing bonuses” and “retention
bonuses” shall be treated as Eligible Bonuses and amounts designated by the Committee as “Incentive Compensation” shall not be treated as Eligible Bonuses. 
 Employee Member: A Member who is an employee or former employee of the Company (or its predecessors) with an Account other than a Special Severance Account. 

ESP: The Sterling Bancshares, Inc. Employee Savings Plan. 

Funds: The investment funds designated from time to time for the deemed investment of Accounts pursuant to Article IV.

 Grandfathered Account: An individual bookkeeping account for an Employee Member that is credited with his
Compensation deferrals made pursuant to Section 3.1 with respect to Compensation otherwise payable prior to January 1, 2005, if any. Such account shall be credited (or debited) with its share of net income (or net loss) as provided in
Section 3.4. 
 Incentive Compensation: With respect to an Employee Member, incentive payments include
payments made under the Company’s Short-Term Incentive Plans, Central Department annual bonus plans, Shared Services Executive Team bonus plans or programs as adopted from time to time by the Committee, that are payable in cash by the Company
to such Member. 
 Letter Agreements: Letter agreements entered into by Parent as of the Closing Date with key
employees of Sterling that provide for continued employment with Parent following the Closing Date (as defined in the Merger Agreement) and for the establishment of an individual deferred compensation account for each employee who has entered into
such a letter agreement. 
 Member: Each Director Member, each Employee Member and each Special Severance Member,
as the context requires. 
 Merger Agreement: The Agreement and Plan of Merger dated as of January 16, 2011,
as amended, by and between Parent and Sterling. 
 Plan: The Sterling Bancshares, Inc. Deferred Compensation Plan,
as amended from time to time. 
 Plan Year: The calendar year. 

Separation from Service: A termination of employment or service that constitutes a separation from service under the
regulations issued under Section 409A of the Code. 
 Special Severance Account: An individual bookkeeping
account for a Special Severance Member (which may be comprised of a Salary Deferred Account and a Bonus Deferred Account or may consist of solely a Deferred Account) that is initially credited with the Special Severance

  
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Amount (as specified in the applicable Letter Agreement and as allocated between the Salary Deferred Account and the Bonus Deferred Account, if applicable). Such account shall be credited (or
debited) with its share of net income (or net loss) as provided in Section 3.4. 
 Special Severance Amount:
The amount set forth in Annex A to the applicable Letter Agreement with each Special Severance Member (as such amount may increase or decrease based on performance of the Funds designated by the Special Severance Member), subject to reduction as set
forth in the applicable Letter Agreement. As set forth in the applicable Letter Agreement, the Special Severance Amount will either be credited under both the Salary Deferred Account and the Bonus Deferred Account (as each are defined in the
applicable Letter Agreement) or solely under a Deferred Account (as defined in the applicable Letter Agreement). 

Special Severance Member: A Member who has entered into a Letter Agreement with Parent. 

Specified Employee: An employee who is a “key employee” (as defined in Section 416 of the Code) at any time
during the 12-month period ending on each December 31. Such a key employee will become a Specified Employee on the April 1 following such December 31 identification date. The provisions of the regulations under Section 409A of
the Code concerning the determination of Specified Employees in corporate transactions are hereby incorporated by reference. 

Sterling: Sterling Bancshares, Inc. 
 Subsidiary: Any corporation that is a “subsidiary corporation” of the Company within the meaning of Section 424(f) of the Code and any other entity that would be such a
‘subsidiary corporation’ if the entity were a corporation. 
 Trust: The grantor trust, if any,
established under the Trust Agreement. 
 Trust Agreement: The agreement, if any, entered into between the Company
and the Trustee pursuant to Article X. 
 Trust Fund: The funds and properties, if any, held pursuant to the
provisions of the Trust Agreement, together with all income, profits and increments thereto. 
 Trustee: The
trustee or trustees qualified and acting under the Trust Agreement at any time. 
 Unforeseeable Emergency: A
severe financial hardship to the Member resulting from an illness or accident of the Member, the Member’s spouse, the Member’s beneficiary or the Member’s dependent (as defined in Section 152 of the Code, without regard to
Section 152(b)(i), (b)(2), and (d)(1)(B)); the loss of the Member’s property due to casualty (including the need to rebuild a home following damage to a home not otherwise covered by insurance); or other

  
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similar extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the Member, each determined in accordance with the regulations under Section 409A of
the Code. 
 Valuation Dates: Each business day on which the principal securities markets are open. 

1.2 Number and Gender. Wherever appropriate herein, words used in the singular shall be considered to include the plural
and words used in the plural shall be considered to include the singular. The masculine gender, where appearing in the Plan, shall be deemed to include the feminine gender. 
 1.3 Headings. The headings of Articles and Sections herein are included solely for convenience, and if there is any conflict between such headings and the text of the Plan, the text shall
control. 
 II.  
 Participation 
 2.1
Participation. Prior to each applicable Election Date, the Committee, in its sole discretion, shall select and cause to be notified those employees of the Company who are eligible to be contributing Employee Members with respect to such
Plan Year or the remainder of such Plan Year, as the case may be; provided however, only employees who are members of a ‘select group of management or highly compensated employees,’ within the meaning of Section 201 of ERISA, shall be
eligible to contribute with respect to such Plan Year. In addition, each Director automatically shall be eligible to participate. Each eligible individual (employee or Director) may become a contributing Member for a Plan Year (or part thereof) by
executing and filing with the Company, prior to the Election Date applicable to such individual for such Plan Year, the Compensation deferral election form prescribed by the Company for the Plan. Notwithstanding the foregoing, without regard to
whether an employee elects to defer Compensation under the Plan for any Plan Year, (i) an employee designated as eligible to be a contributing Member for such Plan Year (or part thereof) shall be deemed a Member for purposes of any Company
Deferral made for that Plan Year that is not an employer matching contribution and (ii) each Special Severance Member shall, for all purposes of this Plan, be a Member as regards his Special Severance Account until such time as the Special
Severance Account has been distributed in full. Subject to the above requirements of Section 201 of ERISA continuing to be satisfied and the provisions of Section 2.2, an Employee Member shall remain eligible to defer Compensation
hereunder and receive an allocation of any Company Deferrals for each Plan Year following his initial year of participation in the Plan provided his Compensation continues to meet the Committee’s determination of the amount necessary to qualify
under the Plan for such year. 
 The Committee’s selection of eligible employees may be by a general classification, e.g.,
officers of certain levels or above or the receipt of annual compensation greater than a certain annual amount, and any such selection criteria may be deemed to be an ongoing one until changed by the Committee. 

  
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 2.2 Cessation of Active Participation. Notwithstanding any provision herein to
the contrary, a Member of the Plan shall cease to be eligible to defer Compensation hereunder or receive an allocation of Company Deferrals, if otherwise eligible, effective as of the first day of any year designated by the Committee. Any such
Committee action shall be communicated to the affected employee prior to the effective date of such action. 
 2.3
Adopting Subsidiaries. It is contemplated that any Subsidiary, whether or not presently existing, may become a party hereto by action of its officers and the approval of the Committee, but without the need for approval of its board of
directors or of the Committee. The provisions of the Plan shall apply equally to each Subsidiary and its employees in the same manner as is expressly provided for Parent and its employees, except that the power to appoint or otherwise affect the
Committee and the Trustee and the power to amend or terminate the Plan or amend the Trust Agreement shall be exercised by the Committee or Committee alone. Transfer of employment among the Companies and Subsidiaries shall not be considered a
termination of employment hereunder. Any Subsidiary may, by appropriate action of its officers without the need for approval of its board of directors or the Committee or the Committee, terminate its participation in the Plan effective as of the
first day of any future Plan Year. Moreover, the Committee may, in its discretion, terminate a Subsidiary’s Plan participation effective as of the first day of any future Plan Year. 

III.  
 Account Credits and Allocations of Income or Loss 
 3.1 Member Deferrals. 
 (a) For each Plan Year (or
applicable part thereof) an Employee Member may elect to defer an integral percentage of from 5% to 90% of his Base Salary and a Director Member may elect to defer an integral percentage of from 5% to 100% of his Directors Fees. A Director Member
may, if permitted by the Committee, make separate deferral elections for his annual directors’ fees, meeting fees, committee meeting fees, and/or special meeting fees with respect to his Director’s Fees paid in cash and a separate election
with respect to his Director’s Fees paid in Company stock. Compensation for a Plan Year not deferred by such an election shall be received by such Employee Member in cash and by such Director Member in cash or in Company stock, as the case may
be. A Member’s election to defer an amount of his Compensation pursuant to this Section shall be made prior to the Election Date applicable to such Member by executing a Compensation deferral election form pursuant to which the Member
authorizes the Company to reduce his Compensation in the elected amount and the Company, in consideration thereof, agrees to credit an equal amount to such Member’s Deferral 

  
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Account maintained under the Plan. Compensation deferrals made by a Member shall be credited to such Member’s Deferral Account as of a date determined in accordance with procedures
established from time to time by the Committee; provided, however, that such deferrals shall be credited to the Member’s Deferral Account no later than 30 days after the date upon which the Compensation deferred would have been received by such
Member if he had not elected to defer such amount pursuant to this paragraph (a). 
 (b) For each Plan Year that
an Employee Member is paid “Incentive Compensation”, such Member may elect to defer an integral percentage of from 5% to 90% of such Incentive Compensation. Incentive Compensation paid with respect to services rendered in a Plan Year and
not deferred by such an election shall be received by such Member in cash. A Member’s election to defer an amount of his Incentive Compensation pursuant to this Section shall be made by executing an Incentive Compensation deferral election form
pursuant to which the Member authorizes the Company to reduce his Incentive Compensation in the elected amount and the Company, in consideration thereof, agrees to credit an equal amount to such Member’s Deferral Account maintained under the
Plan. Incentive Compensation deferrals made by a Member shall be credited to such Member’s Deferral Account as of a date determined in accordance with procedures established from time to time by the Committee; provided, however, that such
deferrals shall be credited to the Member’s Deferral Account no later than 30 days after the date upon which the Incentive Compensation deferred would have been received by such Member if he had not elected to defer such amount pursuant to this
paragraph (b). 
 (c) For each Plan Year that an Employee Member is paid an “Eligible Bonus”, such
Member may elect to defer an integral percentage of from 5% to 90% of such Eligible Bonus. Eligible Bonus payments paid with respect to services rendered in a Plan Year and not deferred by such an election shall be received by such Member in cash. A
Member’s election to defer an amount of his Eligible Bonus shall be made by executing a deferral election form pursuant to which the Member authorizes the Company to reduce his Eligible Bonus by the designated amount and the Company, in
consideration thereof, agrees to credit an equal amount to such Member’s Deferral Account maintained under the Plan. Eligible Bonus deferrals made by a Member shall be credited to such Member’s Deferral Account as of a date determined in
accordance with procedures established from time to time by the Committee; provided, however, that such deferrals shall be credited to the Member’s Deferral Account no later than 30 days after the date upon which the Eligible Bonus would have
been received by such Member if he had not elected to defer such amount pursuant to this paragraph (c). 
 (d) A
Member’s Compensation deferral election shall become effective as of the Election Date which is on or after the date the election form is filed with the Company and shall be effective only with respect to Compensation that is for services
rendered 

  
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after the Election Date. A Member’s Compensation deferral election shall be irrevocable on and after the Election Date and remain in force and effect for the entire Plan Year with respect to
which it is made (or the remainder thereof, if applicable) and shall remain effective for each subsequent Plan Year, provided the Member remains eligible to make deferrals, until changed in accordance with paragraph (e). 

(e) A Member may change or revoke his Compensation deferral election for any subsequent Plan Year by filing the proper
form with the Company or designated representative prior to the beginning of the Plan Year for which the change or revocation is to become effective. 
 (f) In the event that Parent has adopted a formal policy of deferring payment of any compensation (as reported on IRS Form W-2) that is payable to an Employee Member based on Parent’s determination
that such compensation will not be deductible by Parent under Section 162(m) of the Code, such amount shall be treated as a Member deferral under this Section 3.1. An Employee Member shall not be permitted to make a deferral election or
distribution election with respect to any amount described in this paragraph (f). 
 3.2 Company Contributions in
General. Except as provided below, with respect to each Plan Year the Company may credit the Company Account of each Employee Member with an amount equal to the difference between the following: 

(a) the amount of matching and profit sharing contributions that the Company would have contributed to the ESP on the
Member’s behalf that Plan Year if there were (i) no elective deferral contributions made by the Member to this Plan for that Plan Year, (ii) no compensation limit as prescribed in Section 401(a)(17) of the Code, (iii) no
dollar limit on 401(k) deferrals as prescribed in Section 402(g)(1) of the Code, and (iv) no limitation on annual additions as prescribed by Section 415 of the Code, less 

(b) the sum of the amount of (i) the Company profit sharing contribution actually contributed to the ESP on the
Member’s behalf for that Plan Year, plus (ii) the amount of the Company matching contribution the Company would have made on behalf of the Member had the Member made that year the maximum 401(k) contribution that is subject to the Company
matching contribution under the ESP. 
 Notwithstanding the foregoing, the Committee may, in its sole discretion, at any time increase or
decrease the Company matching and/or profit sharing contribution amount under Section 3.2(i) any Plan Year for one or more Members, including all Members. 
 3.3 Company Contributions to the Special Severance Accounts. As soon as practicable following the Closing Date (as defined in the Merger Agreement), Parent shall credit to the Special
Severance Account of each Special Severance Member under this Plan an amount 

  
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equal to the Special Severance Amount (which may be allocated between the Salary Deferred Account and the Bonus Deferred Account) as set forth in Annex A to the applicable Letter Agreement,
subject to reduction as set forth in the applicable Letter Agreement. No Member deferral pursuant to Section 3.1 of this Plan nor Company contribution pursuant to Section 3.2 of this Plan may be made to a Special Severance Account.

 3.4 Allocation of Net Income or Loss and Changes in Value Among Accounts. 

(a) As of each Valuation Date, the Committee shall cause to be determined the net income (or net loss) of each Fund for
the period elapsed since the next preceding Valuation Date. The net income (or net loss) of each Fund since the next preceding Valuation Date shall be ascertained by the Committee or its designee in such manner as it deems appropriate, provided that
such determination shall include any net increase or net decrease (whether or not realized) in the value of the assets of each such Fund since the next preceding Valuation Date, and may include expenses of administering the Fund, the Trust and the
Plan. 
 (b) For purposes of allocations of net income (or net loss), each Member’s Accounts shall be
divided into subaccounts to reflect such Member’s deemed investment designation in a particular Fund or Funds pursuant to Article IV. As of each Valuation Date, the net income (or net loss) of each Fund, separately and respectively, shall be
allocated among the corresponding subaccounts of the Members who had such corresponding subaccounts on the next preceding Valuation Date, and each such corresponding subaccount shall be credited with (or debited for) that portion of such net income
(or net loss) that the value of each such corresponding subaccount on such next preceding Valuation Date was of the value of all such corresponding subaccounts on such date; provided, however, that the value of such subaccounts as of the next
preceding Valuation Date shall be reduced by the amount of any payments debited thereto in accordance with Section 7.4 since the next preceding Valuation Date. 

(c) So long as there is any balance in any Account, such Account shall continue to receive allocations pursuant to this
Section. 
 IV.  
 Deemed Investment of Funds 
 4.1
Member Investments. 
 (a) The same investment funds offered under the ESP shall be deemed offered
under this Plan for investment of Accounts. Except as provided in Section 4.2, each Member may be given an election to designate, in accordance with the procedures established from time to time by the Committee, the manner in which the amounts
allocated to his Accounts shall be deemed to be invested from among the Funds made 

  
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available from time to time for such purpose by the Committee. Such Member may designate one of such Funds for the deemed investment of all the amounts allocated to his Accounts or he may split
the deemed investment of the amounts allocated to his Accounts between such Funds in such increments as the Committee may prescribe. If a Member fails to make a proper designation, then his Accounts shall be deemed to be invested in the default Fund
or Funds designated by the Committee from time to time in a uniform and nondiscriminatory manner. 
 (b) Subject
to any limitations as proscribed by the Committee, a Member may be given the opportunity to change his deemed investment designation for future amounts to be allocated to his Accounts. Any such change shall be made in accordance with the procedures
established by the Committee, and the frequency of such changes may be limited by the Committee. 
 (c) A Member
may also be given the opportunity to elect to convert his deemed investment designation with respect to the amounts already allocated to his Accounts. Any such conversion shall be made in accordance with the procedures established by the Committee,
and the frequency of such conversions may be limited by the Committee. 
 (d) The Committee may elect to
establish a hypothetical investment fund that holds shares of the Parent’s common stock (the “Stock Fund”). If such a fund is established, a Member may elect to invest his Accounts in such fund. The Committee may in its sole
discretion refuse to recognize Member elections that it determines may cause the Member’s Accounts to become subject to the short-swing profit provisions of Section 16b of the Securities Exchange Act of 1934 and establish special election
procedures for Members subject to Section 16 of such Act. In the event that any amounts are deferred under this Plan pursuant to Subsection 3.1(e) and such amounts originally would have been paid in shares of the Parent’s common stock,
such amounts shall be invested in the Stock Fund and shall remain invested in such fund until the earlier of (i) the date the Committee elects to eliminate the Stock Fund, or (ii) the date the Committee formally acts to allow the
reinvestment of such amounts in any alternate investment Fund provided under the Plan’s terms. Notwithstanding the foregoing, the Special Severance Members shall not have the option of allocating any portion of the Special Severance Account to
the Stock Fund. 
 4.2 Director Members Stock Fees. A Director Member’s deferral with respect to his
Director’s Fees payable in Company stock automatically shall be deemed invested in the Company Stock Fund. 
 4.3
Earnings. The income, interest, dividends, investment gains and losses of a Fund shall be credited as reinvested in that Fund. 

  
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 4.4 Fund Changes. Notwithstanding anything herein to the contrary, at any time
the Committee may change the Funds made available for purposes of the Plan, including “freezing” and deleting current Funds. 
 V.  
 Vested Interests

 5.1 Accounts. 
 (a) A Member shall have a 100% vested (nonforfeitable) interest in his Deferral Account at all times. 
 (b) An Employee Member’s Company Account shall be vested to the same extent as an Employee Member’s Employer Non-Elective Contribution Account under the ESP. In addition, a Member’s Company
Account automatically shall be 100% vested upon a Change in Control of Parent, as such term is defined in its stock option plan from time to time. 
 (c) A Member’s Grandfathered Account, if any, shall be 100% vested. 
 (d) A Member’s Special Severance Account shall be 100% vested. 
 VI. 

 In-Service Distributions 

6.1 Unforeseeable Emergency Benefit. In the event that the Committee, upon written petition of a Member, determines in its
sole discretion that such Member has suffered an Unforeseeable Emergency, such Member shall be entitled to a benefit in an amount not to exceed the lesser of (i) the amount determined by the Committee as necessary to satisfy such Unforeseeable
Emergency plus such amount determined by the Committee as necessary to pay taxes reasonably anticipated as a result of the distribution, after taking into account the extent to which such hardship is or may be relieved through reimbursement or
compensation by insurance or otherwise or by liquidation of the Member’s assets (to the extent the liquidation of such assets would not itself cause severe financial hardship), or (ii) the then vested value of such Member’s
Account(s). Such benefit shall be paid in a single lump sum, cash payment as soon as administratively practicable after the Committee has made its determinations with respect to the availability and amount of such benefit. If a Member’s
Account(s) are deemed to be invested in more than one Fund, such benefit shall be distributed prorata from each Fund in which such Account(s) is deemed to be invested. In no event may the amount withdrawn exceed the amount determined by the
Committee as necessary to satisfy the requirements of Section 409A of the Code. Notwithstanding anything in the Plan to the contrary, upon any Unforeseeable Emergency withdrawal, the Member’s deferrals for such Plan Year shall
automatically cease and shall not automatically resume as of the next Plan Year. In all events, notwithstanding any other provision of the Plan, this Section 6.1 shall not apply to Special Severance Accounts. 

  
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 6.2 Restriction on In-Service Distributions. Section 6.1 shall not be
applicable to a Member following his Separation from Service or a Special Severance Member (with respect to his Special Severance Account) at any time, and the amounts credited to such Member’s Accounts shall be payable to such Member only in
accordance with the provisions of Article VII. 
 6.3 Automatic 162(m) Distributions. In the event that any
amounts are deferred under this Plan pursuant to Subsection 3.1(f), some or all of such amounts shall be automatically distributed from the Plan during the first Plan Year in which the Committee, acting on behalf of Parent, reasonably anticipates
that the payment can be made without causing Parent to be subject to the deduction limit under Section 162(m) of the Code on the incremental increase in the Employee Member’s total annual compensation that is paid or payable during such
Plan Year. 
 VII.  
 Termination Benefits 
 7.1 Amount
of Benefit. The Member or, in the event of his death, the Member’s beneficiary, shall be entitled to a payment equal in value to the Member’s vested balance in his Accounts. The time and form of such payment shall be subject to the
further provisions of this Article VII. 
 7.2 Time of Payment. 

(a) Except with respect to Special Severance Accounts, payment of a Member’s benefit under Section 7.1 shall be
made or begin as soon as administratively practicable after the date of the Member’s Separation from Service (and in no event later than 30 days after such Separation from Service), except the payment of the Company Account and the Deferral
Account to a Member who is a Specified Employee shall be made on the first date that is more than six months after the date of his Separation from Service (or, if earlier, the date of death of the Member), as adjusted for interim investment Fund
performance. Any installments otherwise payable during such six-month period shall be paid in a lump sum on the first day after such six-month period (or death of the Member). The foregoing six-month delay shall not apply to a payment made pursuant
to a qualified domestic relations order (“QDRO”), as permitted by the regulations under Section 409A of the Code. 
 (b) Payment of a Special Severance Member’s benefit under Section 7.1 shall be made in accordance with the payment terms and schedule set forth on Annex A to the Special Severance Member’s
Letter Agreement, including the delay of payment provisions, to the extent applicable, that are incorporated into the Letter Agreements. 

  
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 (c) Subject to the delay requirements applicable to Specified Employees
under Subsection (a) above, payment of any amounts deferred by an Employee Member pursuant to Subsection 3.1(f) shall be made immediately following such Member’s Separation from Service. 

7.3 Designation of Beneficiaries. 
 (a) Each Member shall have the right to designate the beneficiary or beneficiaries to receive payment of his benefit in the event of his death. Each such designation shall be made by executing the
beneficiary designation form prescribed by the Committee and filing same with the Committee. Any such designation may be changed at any time by execution of a new designation in accordance with this Section. 

(b) If no such designation is on file with the Committee at the time of the death of the Member or such designation is not
effective for any reason as determined by the Committee, then the designated beneficiary or beneficiaries to receive such benefit shall be as follows: 
 (i) If a Member leaves a surviving spouse, subject to any QDRO, his benefit shall be paid to such surviving spouse; and 

(ii) If a Member does not leave a surviving spouse, subject to any QDRO, his benefit shall be paid to such Member’s
executor or administrator of his estate, or to his heirs at law if there is no administration of such Member’s estate. 

7.4 Source of Payment of Benefits. To the extent the Trust Fund (if established) has sufficient assets, the Trustee shall
pay benefits to Members or their beneficiaries, except to the extent the Company pays the benefits directly and provides adequate evidence of such payment to the Trustee. To the extent the Trustee does not or cannot pay benefits out of the Trust
Fund, or a Trust Fund is not established, the benefits shall be paid by the Company. Any benefit payments made to a Member or for his benefit pursuant to any provision of the Plan shall be debited to such Member’s Accounts. 

7.5 Forms of Benefit Payments. 
 (a) All benefits of Members shall be paid in cash unless invested in the Company Stock Fund, in which case shares of Company stock shall be distributed. Benefits shall be paid in one of the following
forms as elected by the Member, other than Special Severance Accounts which shall be paid as provided in Section 7.5(e): 
 (i) a single lump sum payment; or 
 (ii) in annual installment
payments (e.g., 1/20, 1/19, etc. of the Account balance on the installment payment date) for a term certain not to exceed 20 years 

  
 - 13 -

Table of Contents

 
(as designated by the Member). In the event of such Member’s death prior to the end of the designated installment term, any unpaid balance shall be paid in a lump sum to his Beneficiary.

 (b) A Member may elect, on the form prescribed by the Committee, one of the above forms of payment. With
respect to an Employee Member’s Grandfathered Account, such election must be made not later than one year prior to the date of such Member’s Separation of Service. With respect to an Employee Member’s Company Account and Deferral
Account, such payment election must be made at the time of the Member’s initial election to defer Compensation under the Plan for any period after December 31, 2004 and such election shall apply to both an Employee Member’s Company
Account and Deferral Account. Such election shall apply to all future deferrals made by the Employee Member under the Plan. In the event a Member fails to timely elect the form in which his benefit payments are to be made, such benefits shall be
paid to the Member in the form of a single lump sum. 
 (c) With the consent of the Committee, an Employee Member
may change his elected form of benefit payment with respect to (i) his Grandfathered Account , provided that no such change shall be effective if made within 12 months of the date of such Member’s Separation from Service and (ii) his
Company Account and Deferral Account, provided that no such change shall be effective if (1) made within 12 months of the date of such Member’s Separation from Service, (2) the change fails to defer the date of each payment to be made
under the prior election for a period of less than five years, and (3) made less than 12 months prior to the date of the first scheduled payment. Notwithstanding anything in the Plan to the contrary, no change in a deferral election form or the
form of payment may accelerate the date of payment for any amounts already deferred under the Plan. 
 (d)
Notwithstanding an election to receive installments, if the value of the Member’s Accounts (other than a Special Severance Account) on his Separation from Service is less than the applicable dollar amount under Section 402(g)(l)(B) of the
Code, his Accounts shall be paid in a single lump sum. 
 (e) Notwithstanding anything to the contrary set forth
herein, the benefits payable pursuant to the Special Severance Accounts shall be paid in the form or forms and on the schedule set forth on Annex A to each Special Severance Member’s Letter Agreement, subject to the conditions of the applicable
Letter Agreement. 
 7.6 Cash-Out of Grandfathered Benefits. The Committee, in its sole discretion, may accelerate
all or any part of the installment payments of a terminated Member’s Grandfathered Account at any time, notwithstanding the election made by the Member. 

  
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Table of Contents

 7.7 Unclaimed Benefits. In the case of a benefit payable on behalf of a
Member, if the Committee is unable to locate the Member or beneficiary to whom such benefit is payable, upon the Committee’s determination thereof, such benefit shall be forfeited to the Company. Notwithstanding the foregoing, if subsequent to
any such forfeiture the Member or beneficiary to whom such benefit is payable makes a valid claim for such benefit, such forfeited benefit shall be restored to the Plan by the Company unadjusted for any subsequent earnings or losses of the deemed
investments subsequent to such forfeiture. 
 VIII.  

Administration of the Plan 

8.1 Appointment of Committee. The general administration of the Plan shall be vested in the Governance, Compensation and
Nominating Committee of the Board, or such other committee appointed by the Board to administer the Plan (the “Committee”). 
 8.2 Reserved. 
 8.3 Self-Interest of Members. No
member of the Committee shall have any right to vote or decide upon any matter relating solely to himself under the Plan or to vote in any case in which his individual right to claim any benefit under the Plan is particularly involved. In any case
in which a Committee member is so disqualified to act and the remaining members cannot agree, the Committee shall appoint a temporary substitute member to exercise all the powers of the disqualified member concerning the matter in which he is
disqualified. 
 8.4 Committee Powers and Duties. The Committee shall supervise the administration and enforcement
of the Plan according to the terms and provisions hereof and shall have all powers necessary to accomplish these purposes, including, but not by way of limitation, the right, power, authority, and duty: 

(a) To make rules, regulations, and bylaws for the administration of the Plan that are not inconsistent with the terms and
provisions hereof, and to enforce the terms of the Plan and the rules and regulations promulgated thereunder by the Committee; 
 (b) To construe in its discretion all terms, provisions, conditions, and limitations of the Plan; 
 (c) To correct any defect or to supply any omission or to reconcile any inconsistency that may appear in the Plan in such manner and to such extent as it shall deem in its discretion expedient to
effectuate the purposes of the Plan; 
 (d) To employ and compensate such accountants, attorneys, investment
advisors, and other agents, employees, and independent contractors as the Committee may deem necessary or advisable for the proper and efficient administration of the Plan; 

  
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Table of Contents

 (e) To determine in its discretion all questions relating to eligibility;

 (f) To determine whether and when there has been a termination of a Member’s employment with the Company
and its Subsidiaries; 
 (g) To make a determination in its discretion as to the right of any person to a benefit
under the Plan and to prescribe procedures to be followed by distributees in obtaining benefits hereunder; 
 (h)
To receive and review reports from the Trustee as to the financial condition of the Trust Fund, including its receipts and disbursements; and 
 (i) To establish or designate Funds as investment options as provided in Article IV. 
 8.5 Claims Review. In any case in which a claim for Plan benefits of a Member or beneficiary is denied or modified, the Committee shall furnish written notice to the claimant within ninety
days (or within 180 days if additional information requested by the Committee necessitates an extension of the ninety-day period), which notice shall: 
 (a) State the specific reason or reasons for the denial or modification; 
 (b) Provide specific reference to pertinent Plan provisions on which the denial or modification is based; 
 (c) Provide a description of any additional material or information necessary for the Member, his beneficiary, or representative to perfect the claim and an explanation of why such material or information
is necessary; and 
 (d) Explain the Plan’s claim review procedure as contained herein. 

In the event a claim for Plan benefits is denied or modified, if the Member, his beneficiary, or a representative of such Member or beneficiary desires
to have such denial or modification reviewed, he must, within sixty days following receipt of the notice of such denial or modification, submit a written request for review by the Committee of its initial decision. In connection with such request,
the Member, his beneficiary, or the representative of such Member or beneficiary may review any pertinent documents upon which such denial or modification was based and may submit issues and comments in writing. Within sixty days following such
request for review the Committee shall, after providing a full and fair review, render its final decision in writing to the Member, his beneficiary or the representative of such Member or beneficiary stating specific reasons for such decision and
making specific references to pertinent Plan provisions upon which the decision is based. If special circumstances require an extension of such sixty-day period, the Committee’s decision shall be rendered as soon as possible, but not later than
120 days after receipt of the request for review. If an extension of time for review is 

  
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Table of Contents

 
required, written notice of the extension shall be furnished to the Member, beneficiary, or the representative of such Member or beneficiary prior to the commencement of the extension period.

 8.6 Company to Supply Information. The Company shall supply full and timely information to the Committee,
including, but not limited to, information relating to each Member’s Compensation, termination of employment and such other pertinent facts as the Committee may require. The Company shall advise the Trustee of such of the foregoing facts as are
deemed necessary for the Trustee to carry out the Trustee’s duties under the Plan and the Trust Agreement. When making a determination in connection with the Plan, the Committee shall be entitled to rely upon the aforesaid information furnished
by the Company. 
 8.7 Indemnity. To the extent permitted by applicable law, the Company shall indemnify and save
harmless each member of the Committee against any and all expenses, liabilities and claims (including legal fees incurred to defend against such liabilities and claims) arising out of their discharge in good faith of responsibilities under or
incident to the Plan. Expenses and liabilities arising out of willful misconduct shall not be covered under this indemnity. This indemnity shall not preclude such further indemnities as may be available under insurance purchased by the Company or
provided by the Company under any bylaw, agreement, vote of stockholders or disinterested directors or otherwise, as such indemnities are permitted under applicable law. 
 IX.  
 Administration of Funds

 9.1 Payment of Expenses. All expenses incident to the administration of the Plan and Trust, including but
not limited to, legal, accounting, Trustee fees, and expenses of the Committee, may be paid by the Company and, if not paid by the Company, shall be paid by the Trustee from the Trust Fund. 

9.2 Trust Fund Property. All income, profits, recoveries, contributions, forfeitures and any and all moneys, securities and
properties of any kind at any time received or held by the Trustee shall be held for investment purposes as a commingled Trust Fund pursuant to the terms of the Trust Agreement. The Committee shall maintain one or more Accounts in the name of each
Member, but the maintenance of an Account designated as the Account of a Member shall not mean that such Member shall have a greater or lesser interest than that due him by operation of the Plan and shall not be considered as segregating any funds
or property from any other funds or property contained in the commingled fund. No Member shall have any title to any specific asset in the Trust Fund. 

  
 - 17 -

Table of Contents

 X.  
 Nature of the Plan 
 The Plan is
intended to constitute an unfunded, unsecured plan of deferred compensation for tax purposes and for purposes of Title I of ERISA which is maintained for a select group of management or highly compensated employees of the Company. Plan benefits
provided under the Plan are to be paid out of the Company’s general assets. Nevertheless, subject to the terms hereof and of the Trust Agreement, the Company may, in the sole discretion of the Committee, transfer money or other property to the
Trustee and the Trustee shall pay Plan benefits to Members and their beneficiaries out of the Trust Fund on behalf of the Company. 
 Parent, in its sole discretion, may establish the Trust and enter into the Trust Agreement. 
 XI.  
 Miscellaneous

 11.1 Not Contract of Employment. The adoption and maintenance of the Plan shall not be deemed to be a
contract between the Company and any person or to be consideration for the employment of any person. Nothing herein contained shall be deemed to give any person the right to be retained in the employ of the Company or to restrict the right of the
Company to discharge any person at any time nor shall the Plan be deemed to give the Company the right to require any person to remain in the employ of the Company or to restrict any person’s right to terminate his employment at any time.

 11.2 Alienation of Interest Forbidden. The interest of a Member or his beneficiary or beneficiaries hereunder
may not be sold, transferred, assigned, or encumbered in any manner, either voluntarily or involuntarily, and any attempt so to anticipate, alienate, sell, transfer, assign, pledge, encumber, or charge the same shall be null and void; neither shall
the benefits hereunder be liable for or subject to the debts, contracts, liabilities, engagements or torts of any person to whom such benefits or funds are payable, nor shall they be an asset in bankruptcy or subject to garnishment, attachment or
other legal or equitable proceedings. 
 11.3 Withholding. All deferrals to and payments under the Plan shall be
subject to applicable tax withholding and other deductions as shall be required of the Company under any applicable law. 

11.4 Amendment. The Committee may from time to time, in its discretion, amend, in whole or in part, any or all of the
provisions of the Plan; provided, however, that no amendment may be made that would materially impair the rights of a Member with respect to amounts already allocated to his Accounts. For purposes of the foregoing, no amendment that the Committee
believes is necessary or appropriate to comply with the requirements of Section 409A of the Code shall be deemed to materially impair the rights of a Member. 
 11.5 Plan Termination. The Committee may terminate the Plan in connection with a change of control event, as defined by the regulations under Section 409A, provided that: (i) such
termination is within 30 days before or 12 months following the change of control event, 

  
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Table of Contents

 
and (ii) all plans and other arrangements that are treated as a single plan with this Plan for purposes of Section 409A are terminated and liquidated with respect to each Member that
experienced the change of control event and all amounts deferred under such terminated plans and arrangements are paid to the affected Members within 12 months of the date the Company takes all necessary action to terminate such plans and programs.

 In addition, the Committee may terminate the Plan at any time, provided that (i) all other programs that would be
aggregated with this Plan, if the service provider Member under this Plan also had deferrals under such other programs, are terminated and liquidated, (ii) no payments are made within 12 months of such termination except payments that would be
made if the Plan were not terminated, (iii) all payments are made within 24 months of the date all action to irrevocably terminate and liquidate the Plan are taken, (iv) the termination does not occur proximate to a downturn in the
financial health of the Company, and (v) the Company does not adopt a new plan that would be aggregated with any terminated plan if the same service provider participated in both within three years following the date the Company takes all
action to irrevocably terminate the Plan. 
 11.6 Company Stock Plan. With respect to Director Members, the
provisions of Section 8 of the Sterling Bancshares, Inc. 2003 Stock Incentive and Compensation Plan (“Stock Plan”) are incorporated herein by reference and in the event of any conflict with the terms of this Plan, the provisions of
the Stock Plan shall control. This Plan, as it applies to Director Members, shall constitute a component of the Stock Plan and not a separate plan for purposes of any shareholder approval requirements under the rules of the applicable securities
exchange on which the Company stock is traded. 
 11.7 Severability. If any provision of this Plan shall be held
illegal or invalid for any reason, said illegality or invalidity shall not affect the remaining provisions hereof; instead, each provision shall be fully severable and the Plan shall be construed and enforced as if said illegal or invalid provision
had never been included herein. 
 11.8 Governing Laws. All provisions of the Plan shall be construed in
accordance with the laws of Texas (without regard to any conflicts of law principles) except to the extent preempted by applicable federal law. 
 EXECUTED July 28, 2011, effective for all purposes as provided above. 
  

			
	 COMERICA INCORPORATED.

		
	By:	 	 /s/ Megan D. Burkhart

	Name:	 	 Megan D. Burkhart

	Title:	 	Executive Vice President and Chief Human Resources Officer

  
 - 19 -Form of Option Agreement and Form of Restricted Stock Unit Agreement

 Exhibit 10.7 
 MAXLINEAR, INC. 
 2010 EQUITY INCENTIVE PLAN 

STOCK OPTION AWARD AGREEMENT 
 Unless otherwise defined herein, the terms defined in the MaxLinear, Inc. 2010 Equity Incentive Plan (the “Plan”) will have the same defined meanings in this Stock Option Award Agreement (the
“Award Agreement”). 
  

	I.	NOTICE OF STOCK OPTION GRANT 

 Participant Name: 
 Address: 

You have been granted an Option to purchase Common Stock of MaxLinear, Inc. (the “Company”), subject to the terms and conditions
of the Plan and this Award Agreement, as follows: 
  

							
	Grant Number	  	  
	  	
			
	Date of Grant	  	  
	  	
			
	Vesting Commencement Date	  	  
	  	
				
	Exercise Price per Share	  	$	 	  
	  	
			
	Total Number of Shares Granted	  	  
	  	
				
	Total Exercise Price	  	$	 	  
	  	
				
	Type of Option:	  	    	 	Incentive Stock Option	  	
				
		  	    	 	Nonstatutory Stock Option	  	
			
	Term/Expiration Date:	  	  
	  	

 Vesting Schedule : 
 Subject to any acceleration provisions contained in the Plan or set forth below, this Option may be exercised, in whole or in part, in accordance with the following schedule: 

Twenty-five percent (25%) of the Shares subject to the Option shall vest on the one (1) year anniversary of the Vesting
Commencement Date, and one forty-eighth (1/48 th ) of the Shares subject to the Option shall vest each month thereafter on the same day of the month as the Vesting Commencement Date (and if there is no corresponding day, on the last day of the
month), subject to Participant continuing to be a Service Provider through each such date. 

 Termination Period: 

This Option will be exercisable for three (3) months after Participant ceases to be a Service Provider, unless such termination is
due to Participant’s death or Disability, in which case this Option will be exercisable for one (1) year after Participant ceases to be Service Provider. Notwithstanding the foregoing, in no event may this Option be exercised after the
Term/Expiration Date as provided above and may be subject to earlier termination as provided in Section 14 of the Plan. 

By Participant’s signature and the signature of the Company’s representative below, Participant and the Company agree that this
Option is granted under and governed by the terms and conditions of the Plan and this Award Agreement, including the Terms and Conditions of Stock Option Grant, attached hereto as Exhibit A , all of which are made a part of this document.
Participant has reviewed the Plan and this Award Agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Award Agreement and fully understands all provisions of the Plan and Award Agreement.
Participant hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Administrator upon any questions relating to the Plan and Award Agreement. Participant further agrees to notify the Company upon any change
in the residence address indicated below. 
  

					
	PARTICIPANT:	 		 	MAXLINEAR, INC.
			
	  
	 		 	  

	Signature	 		 	By
			
	  
 Print Name
	 		 	  
 Title

  

					
	Residence Address :	 		 	
		 		 	
	  
	 		 	
			
	  
	 		 	

  
 -2-

 EXHIBIT A 

TERMS AND CONDITIONS OF STOCK OPTION GRANT 
 1. Grant of Option. The Company hereby grants to the Participant named in the Notice of Grant attached as Part I of this Award Agreement (the “Participant”) an option (the
“Option”) to purchase the 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 all of the terms and conditions in this Award
Agreement and the Plan, which is incorporated herein by reference. Subject to Section 19 of the Plan, in the event of a conflict between the terms and conditions of the Plan and the terms and conditions of this Award Agreement, the terms and
conditions of the Plan will prevail. 
 If designated in the Notice of Grant as an Incentive Stock Option (“ISO”),
this Option is intended to qualify as an ISO under Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”). However, if this Option is intended to be an ISO, to the extent that it exceeds the $100,000 rule of Code
Section 422(d) it will be treated as a Nonstatutory Stock Option (“NSO”). Further, if for any reason this Option (or portion thereof) will not qualify as an ISO, then, to the extent of such nonqualification, such Option (or portion
thereof) shall be regarded as an NSO granted under the Plan. In no event will the Administrator, the Company or any Parent or Subsidiary or any of their respective employees or directors have any liability to Participant (or any other person) due to
the failure of the Option to qualify for any reason as an ISO. 
 2. Vesting Schedule. Except as provided in
Section 3, the Option awarded by this Award Agreement will vest in accordance with the vesting provisions set forth in the Notice of Grant. Shares scheduled to vest on a certain date or upon the occurrence of a certain condition will not vest
in Participant in accordance with any of the provisions of this Award Agreement, unless Participant will have been continuously a Service Provider from the Date of Grant until the date such vesting occurs. 

3. Administrator Discretion. The Administrator, in its discretion, may accelerate the vesting of the balance, or some
lesser portion of the balance, of the unvested Option at any time, subject to the terms of the Plan. If so accelerated, such Option will be considered as having vested as of the date specified by the Administrator. 

4. Exercise of Option. 
 (a) Right to Exercise. 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 and the
terms of this Award Agreement. 
 (b) Method of Exercise. This Option is exercisable by delivery of an exercise
notice, in the form attached as Exhibit B (the “Exercise Notice”) or in a manner and pursuant to such procedures as the Administrator may determine, which will 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 will be completed by
Participant and delivered to the Company. The Exercise Notice will be accompanied by payment of the aggregate Exercise Price as to all Exercised Shares together with any applicable tax withholding. This Option will be deemed to be exercised upon
receipt by the Company of such fully executed Exercise Notice accompanied by such aggregate Exercise Price. 

  
 -3-

 5. Method of Payment. Payment of the aggregate Exercise Price will be by any of
the following, or a combination thereof, at the election of Participant. 
 (a) cash; 

(b) check; 

(c) consideration received by the Company under a formal cashless exercise program adopted by the Company in connection with the
Plan; or 
 (d) surrender of other Shares which have a Fair Market Value on the date of surrender equal to the aggregate
Exercise Price of the Exercised Shares, provided that accepting such Shares, in the sole discretion of the Administrator, will not result in any adverse accounting consequences to the Company. 

6. Tax Obligations. 
 (a) Withholding Taxes. Notwithstanding any contrary provision of this Award Agreement, no certificate representing the Shares will be issued to Participant, unless and until satisfactory
arrangements (as determined by the Administrator) will have been made by Participant with respect to the payment of income, employment and other taxes which the Company determines must be withheld with respect to such Shares. To the extent
determined appropriate by the Company in its discretion, it will have the right (but not the obligation) to satisfy any tax withholding obligations by reducing the number of Shares otherwise deliverable to Participant. If Participant fails to make
satisfactory arrangements for the payment of any required tax withholding obligations hereunder at the time of the Option exercise, Participant acknowledges and agrees that the Company may refuse to honor the exercise and refuse to deliver Shares if
such withholding amounts are not delivered at the time of exercise. 
 (b) Notice of Disqualifying Disposition of ISO
Shares. If the Option granted to Participant herein is an ISO, and if Participant sells or otherwise disposes of any of the Shares acquired pursuant to the ISO on or before the later of (i) the date two (2) years after the Grant
Date, or (ii) the date one (1) year after the date of exercise, Participant will immediately notify the Company in writing of such disposition. Participant agrees that Participant may be subject to income tax withholding by the Company on
the compensation income recognized by Participant. 
 (c) Code Section 409A. Under Code Section 409A,
an option that vests after December 31, 2004 (or that vested on or prior to such date but which was materially modified after October 3, 2004) that was granted with a per Share exercise price that is determined by the Internal Revenue
Service (the “IRS”) to be less than the Fair Market Value of a Share on the date of grant (a “Discount Option”) may be considered “deferred compensation.” A Discount Option may result in (i) income recognition by
Participant prior to the exercise of the option, (ii) an additional twenty percent (20%) federal income tax, and (iii) potential penalty and interest charges. The Discount Option may also result in additional state income, penalty and
interest charges to the Participant. Participant acknowledges that the Company cannot and has not guaranteed that the IRS will agree that the per Share exercise price of this Option equals or exceeds the Fair Market Value of a Share

  
 -4-

 
on the Date of Grant in a later examination. Participant agrees that if the IRS determines that the Option was granted with a per Share exercise price that was less than the Fair Market Value of
a Share on the date of grant, Participant will be solely responsible for Participant’s costs related to such a determination. 
 7. Rights as Stockholder. Neither Participant nor any person claiming under or through Participant will have any of the rights or privileges of a stockholder of the Company in respect of
any Shares deliverable hereunder unless and until certificates representing such Shares will have been issued, recorded on the records of the Company or its transfer agents or registrars, and delivered to Participant. After such issuance,
recordation and delivery, Participant will have all the rights of a stockholder of the Company with respect to voting such Shares and receipt of dividends and distributions on such Shares. 

8. No Guarantee of Continued Service. PARTICIPANT ACKNOWLEDGES AND AGREES THAT THE VESTING OF SHARES PURSUANT TO THE
VESTING SCHEDULE HEREOF IS EARNED ONLY BY CONTINUING AS A SERVICE PROVIDER AT THE WILL OF THE COMPANY (OR THE PARENT OR SUBSIDIARY EMPLOYING OR RETAINING PARTICIPANT) AND NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THE OPTION OR ACQUIRING
SHARES HEREUNDER. PARTICIPANT FURTHER ACKNOWLEDGES AND AGREES THAT THIS AWARD AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREUNDER AND THE VESTING SCHEDULE SET FORTH HEREIN DO NOT CONSTITUTE AN EXPRESS OR IMPLIED PROMISE OF CONTINUED ENGAGEMENT AS A
SERVICE PROVIDER FOR THE VESTING PERIOD, FOR ANY PERIOD, OR AT ALL, AND WILL NOT INTERFERE IN ANY WAY WITH PARTICIPANT’S RIGHT OR THE RIGHT OF THE COMPANY (OR THE PARENT OR SUBSIDIARY EMPLOYING OR RETAINING PARTICIPANT) TO TERMINATE
PARTICIPANT’S RELATIONSHIP AS A SERVICE PROVIDER AT ANY TIME, WITH OR WITHOUT CAUSE. 
 9. Address for
Notices. Any notice to be given to the Company under the terms of this Award Agreement will be addressed to the Company, in care of its Stock Plan Administrator at MaxLinear, Inc., 2051 Palomar Airport Road, Suite 100, Carlsbad, California
92011, or at such other address as the Company may hereafter designate in writing. 
 10. Non-Transferability of
Option. This Option may not be transferred in any manner otherwise than by will or by the laws of descent or distribution and may be exercised during the lifetime of Participant only by Participant. 

11. Binding Agreement. Subject to the limitation on the transferability of this grant contained herein, this Award
Agreement will be binding upon and inure to the benefit of the heirs, legatees, legal representatives, successors and assigns of the parties hereto. 
 12. Additional Conditions to Issuance of Stock. If at any time the Company will determine, in its discretion, that the listing, registration or qualification of the Shares upon any
securities exchange or under any state or federal law, or the consent or approval of any governmental regulatory authority is necessary or desirable as a condition to the issuance of Shares to Participant (or his or her estate), such issuance will
not occur unless and until such listing, registration, qualification, consent or approval will have been effected or obtained free of any conditions not acceptable to the Company. The Company will make all reasonable efforts to meet the requirements

  
 -5-

 
of any such state or federal law or securities exchange and to obtain any such consent or approval of any such governmental authority. Assuming such compliance, for income tax purposes the
Exercised Shares will be considered transferred to Participant on the date the Option is exercised with respect to such Exercised Shares. 
 13. Plan Governs. This Award Agreement is subject to all terms and provisions of the Plan. In the event of a conflict between one or more provisions of this Award Agreement and one or
more provisions of the Plan, the provisions of the Plan will govern. Capitalized terms used and not defined in this Award Agreement will have the meaning set forth in the Plan. 

14. Administrator Authority. The Administrator will have the power to interpret the Plan and this Award Agreement and to
adopt such rules for the administration, interpretation and application of the Plan as are consistent therewith and to interpret or revoke any such rules (including, but not limited to, the determination of whether or not any Shares subject to the
Option have vested). All actions taken and all interpretations and determinations made by the Administrator in good faith will be final and binding upon Participant, the Company and all other interested persons. No member of the Administrator will
be personally liable for any action, determination or interpretation made in good faith with respect to the Plan or this Award Agreement. 
 15. Electronic Delivery. The Company may, in its sole discretion, decide to deliver any documents related to Options awarded under the Plan or future options that may be awarded under the
Plan by electronic means or request Participant’s consent to participate in the Plan by electronic means. Participant hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through any on-line or
electronic system established and maintained by the Company or another third party designated by the Company. 

16. Captions. Captions provided herein are for convenience only and are not to serve as a basis for interpretation or
construction of this Award Agreement. 
 17. Agreement Severable. In the event that any provision in this Award
Agreement will be held invalid or unenforceable, such provision will be severable from, and such invalidity or unenforceability will not be construed to have any effect on, the remaining provisions of this Award Agreement. 

18. Modifications to the Agreement. This Award Agreement constitutes the entire understanding of the parties on the
subjects covered. Participant expressly warrants that he or she is not accepting this Award Agreement in reliance on any promises, representations, or inducements other than those contained herein. Modifications to this Award Agreement or the Plan
can be made only in an express written contract executed by a duly authorized officer of the Company. Notwithstanding anything to the contrary in the Plan or this Award Agreement, the Company reserves the right to revise this Award Agreement as it
deems necessary or advisable, in its sole discretion and without the consent of Participant, to comply with Code Section 409A or to otherwise avoid imposition of any additional tax or income recognition under Section 409A of the Code in
connection to this Option. 
 19. Amendment, Suspension or Termination of the Plan. By accepting this Award,
Participant expressly warrants that he or she has received an Option under the Plan, and has received, read and understood a description of the Plan. Participant understands that the Plan is discretionary in nature and may be amended, suspended or
terminated by the Company at any time. 

  
 -6-

 20. Governing Law. This Award Agreement will be governed by the laws of the
State of California, without giving effect to the conflict of law principles thereof. For purposes of litigating any dispute that arises under this Option or this Award Agreement, the parties hereby submit to and consent to the jurisdiction of the
State of California, and agree that such litigation will be conducted in the courts of San Diego County, California, or the federal courts for the United States for the Southern District of California, and no other courts, where this Option is made
and/or to be performed. 

  
 -7-

 EXHIBIT B 

MAXLINEAR, INC. 
 2010 EQUITY INCENTIVE PLAN 
 EXERCISE NOTICE 

MaxLinear, Inc. 
 2051 Palomar Airport Road,
Suite 100 
 Carlsbad, California 92011 

Attention: Stock Plan Administrator 
 1. Exercise of Option. Effective as of today,             ,         , the
undersigned (“Purchaser”) hereby elects to purchase shares (the “Shares”) of the Common Stock of MaxLinear, Inc. (the “Company”) under and pursuant to the 2010 Equity Incentive Plan (the “Plan”) and the
Stock Option Award Agreement dated                      (the “Award Agreement”). The purchase price for the Shares will be
$         , as required by the Award Agreement. 
 2. Delivery of
Payment. Purchaser herewith delivers to the Company the full purchase price of the Shares and any required tax withholding to be paid in connection with the exercise of the Option. 

3. Representations of Purchaser. Purchaser acknowledges that Purchaser has received, read and understood the Plan and
the Award Agreement and agrees to abide by and be bound by their terms and conditions. 
 4. 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 Shares, no right to vote or receive dividends or any other rights as a
stockholder will exist with respect to the Shares subject to the Option, notwithstanding the exercise of the Option. The Shares so acquired will be issued to 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 of issuance, except as provided in Section 14 of the Plan. 
 5. 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. 

 6. Entire Agreement; Governing Law. The Plan and Award Agreement are
incorporated herein by reference. This Exercise Notice, the Plan and the Award 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 Purchaser with respect to the subject matter hereof, and may not be modified adversely to the Purchaser’s interest except by means of a writing signed by the Company and Purchaser. This agreement is governed by the internal
substantive laws, but not the choice of law rules, of the State of California. 
  

					
	Submitted by:	 		 	Accepted by:
			
	PURCHASER:	 		 	MAXLINEAR, INC.
			
	  
 Signature
	 		 	  
 By

			
	  
 Print Name
	 		 	  
 Title

  

					
	Address:	 		 	
			
	  
	 		 	
			
	  
	 		 	
			
		 		 	  
 Date
Received

  
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 MAXLINEAR, INC. 

2010 EQUITY INCENTIVE PLAN 
 RESTRICTED STOCK UNIT AWARD AGREEMENT 
 Unless otherwise defined herein,
the terms defined in the MaxLinear, Inc. 2010 Equity Incentive Plan (the “Plan”) will have the same defined meanings in this Restricted Stock Unit Award Agreement (the “Award Agreement”). 

 

	I.	NOTICE OF RESTRICTED STOCK UNIT GRANT 

 Participant Name: 
 Address: 

You have been granted the right to receive an Award of Restricted Stock Units, subject to the terms and conditions of the Plan and this
Award Agreement, as follows: 
  

					
	Grant Number	 	  
	 	
			
	Date of Grant	 	  
	 	
			
	Number of Restricted Stock Units	 	  
	 	

 Vesting Schedule: 
 Subject to any acceleration provisions contained in the Plan, any separate agreement between the above-named award Participant and the Company, or set forth below, the Restricted Stock Units will vest in
accordance with the following schedule: 
 [Subject to Participant’s continuing to be a Service Provider through each
applicable vesting date, the Restricted Stock Units subject to the Award will vest as follows: 1/16th of the Restricted Stock Units will vest on August 20, 2011, and 1/16th of the Restricted Stock Units will vest on each
November 20, February 20, May 20, and August 20 thereafter, such that the Award will be fully vested on May 20, 2015.] 
 [Subject to Participant’s continuing to be a Service Provider through each applicable vesting date, twenty-five percent (25%) of the Restricted Stock Units subject to the Award will vest on
May 20, 2012 and on each successive anniversary thereafter, such that the Award will be fully vested on May 20, 2015.] 
 [Subject to Participant’s continuing to be a Service Provider through each applicable vesting date, the Restricted Stock Units subject to the Award will vest as follows: Twenty-five percent
(25%) of the Restricted Stock Units will vest on May 20, 2012, and 1/16th of the Restricted Stock Units subject will vest on each August 20, November 20, February 20, and May 20 thereafter, such that the Award
will be fully vested on May 20, 2015.] 

 In the event Participant ceases to be a Service Provider for any or no reason before
Participant vests in the Restricted Stock Units, the Restricted Stock Units and Participant’s right to acquire any Shares hereunder will immediately terminate. 
 By Participant’s grant acceptance pursuant to such Participant’s online account at E*Trade, Participant agrees that this Award of Restricted Stock Units is granted under and governed by the
terms and conditions of the Plan and this Award Agreement, including the Terms and Conditions of Restricted Stock Unit Grant, attached hereto as Exhibit A, all of which are made a part of this document. Participant has reviewed the Plan and
this Award Agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Award Agreement and fully understands all provisions of the Plan and Award Agreement. Participant hereby agrees to accept as
binding, conclusive and final all decisions or interpretations of the Administrator upon any questions relating to the Plan and Award Agreement. Participant further agrees to notify the Company upon any change in the residence address. 

  
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 EXHIBIT A 

TERMS AND CONDITIONS OF RESTRICTED STOCK UNIT GRANT 
 1. Grant. The Company hereby grants to the Participant named in the Notice of Grant attached as Part I of this Award Agreement (the “Participant”) under the Plan an Award of Restricted
Stock Units, subject to all of the terms and conditions in this Award Agreement and the Plan, which is incorporated herein by reference. Subject to Section 19 of the Plan, in the event of a conflict between the terms and conditions of the Plan
and the terms and conditions of this Award Agreement, the terms and conditions of the Plan will prevail. 

2. Company’s Obligation to Pay. Each Restricted Stock Unit represents the right to receive a Share on the
date it vests. Unless and until the Restricted Stock Units will have vested in the manner set forth in Section 3, Participant will have no right to payment of any such Restricted Stock Units. Prior to actual payment of any vested Restricted
Stock Units, such Restricted Stock Unit will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company. Any Restricted Stock Units that vest in accordance with Sections 3 or 4 will be paid to
Participant (or in the event of Participant’s death, to his or her estate) in whole Shares, subject to Participant satisfying any applicable tax withholding obligations as set forth in Section 7. Subject to the provisions of
Section 4, such vested Restricted Stock Units will be paid in Shares as soon as practicable after vesting, but in each such case within the period ending no later than the date that is two and one-half (2 1/2) months from the end of the Company’s tax year that
includes the vesting date. 
 3. Vesting Schedule. Except as provided in Section 4, and subject to
Section 5, the Restricted Stock Units awarded by this Award Agreement will vest in accordance with the vesting provisions set forth in the Notice of Grant. Restricted Stock Units scheduled to vest on a certain date or upon the occurrence of a
certain condition will not vest in Participant in accordance with any of the provisions of this Award Agreement, unless Participant will have been continuously a Service Provider from the Date of Grant until the date such vesting occurs. 

4. Administrator Discretion. The Administrator, in its discretion, may accelerate the vesting of the balance, or some lesser
portion of the balance, of the unvested Restricted Stock Units at any time, subject to the terms of the Plan. If so accelerated, such Restricted Stock Units will be considered as having vested as of the date specified by the Administrator.

 Notwithstanding anything in the Plan or this Award Agreement to the contrary, if the vesting of the balance, or some lesser
portion of the balance, of the Restricted Stock Units is accelerated in connection with Participant’s termination as a Service Provider (provided that such termination is a “separation from service” within the meaning of
Section 409A, as determined by the Company), other than due to death, and if (x) Participant is a “specified employee” within the meaning of Section 409A at the time of such termination as a Service Provider and
(y) the payment of such accelerated Restricted Stock Units will result in the imposition of additional tax under Section 409A if paid to Participant on or within the six (6) month period following Participant’s termination as a
Service Provider, then the payment of such accelerated Restricted Stock Units will not be made until the date six (6) months and one (1) day following the date of Participant’s termination as a Service Provider, unless the Participant
dies 

  
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following his or her termination as a Service Provider, in which case, the Restricted Stock Units will be paid in Shares to the Participant’s estate as soon as practicable following his or
her death. It is the intent of this Award Agreement to comply with the requirements of Section 409A so that none of the Restricted Stock Units provided under this Award Agreement or Shares issuable thereunder will be subject to the additional
tax imposed under Section 409A, and any ambiguities herein will be interpreted to so comply. For purposes of this Award Agreement, “Section 409A” means Section 409A of the Code, and any proposed, temporary or final Treasury
Regulations and Internal Revenue Service guidance thereunder, as each may be amended from time to time. 
 5. Forfeiture upon
Termination of Status as a Service Provider. Notwithstanding any contrary provision of this Award Agreement, the balance of the Restricted Stock Units that have not vested as of the time of Participant’s termination as a Service Provider
for any or no reason and Participant’s right to acquire any Shares hereunder will immediately terminate. 
 6. Death of
Participant. Any distribution or delivery to be made to Participant under this Award Agreement will, if Participant is then deceased, be made to Participant’s designated beneficiary, or if no beneficiary survives Participant, the
administrator or executor of Participant’s estate. Any such transferee must furnish the Company with (a) written notice of his or her status as transferee, and (b) evidence satisfactory to the Company to establish the validity of the
transfer and compliance with any laws or regulations pertaining to said transfer. 
 7. Withholding of Taxes.
Notwithstanding any contrary provision of this Award Agreement, no certificate representing the Shares will be issued to Participant, unless and until satisfactory arrangements (as determined by the Administrator) will have been made by Participant
with respect to the payment of income, employment and other taxes which the Company determines must be withheld with respect to such Shares. The Administrator, in its sole discretion and pursuant to such procedures as it may specify from time to
time, may permit Participant to satisfy such tax withholding obligation, in whole or in part (without limitation) by (a) paying cash, (b) electing to have the Company withhold otherwise deliverable Shares having a Fair Market Value equal
to the minimum amount required to be withheld, (c) delivering to the Company already vested and owned Shares having a Fair Market Value equal to the amount required to be withheld, or (d) selling a sufficient number of such Shares
otherwise deliverable to Participant through such means as the Company may determine in its sole discretion (whether through a broker or otherwise) equal to the amount required to be withheld. To the extent determined appropriate by the Company in
its discretion, it will have the right (but not the obligation) to satisfy any tax withholding obligations by reducing the number of Shares otherwise deliverable to Participant. If Participant fails to make satisfactory arrangements for the payment
of any required tax withholding obligations hereunder at the time any applicable Restricted Stock Units otherwise are scheduled to vest pursuant to Sections 3 or 4, Participant will permanently forfeit such Restricted Stock Units and any right to
receive Shares thereunder and the Restricted Stock Units will be returned to the Company at no cost to the Company. 

Notwithstanding the foregoing, until and unless the Administrator determines otherwise, if, on the date Participant incurs a liability
for the payment of income, employment and other taxes which the Company determines must be withheld with respect to such Shares, Participant is an employee of the Company or its Parent or Subsidiary who is subject to Section 16 of the

  
 -4-

 
Exchange Act (a “Section 16 Officer”), then the Company (or the employing or retaining Parent or Subsidiary), will withhold from the number of Shares otherwise deliverable under this
Award of Restricted Stock Units a number of Shares sufficient to pay such tax withholding obligation; provided, however, that the Shares to be withheld must have vested pursuant to the terms of this Award Agreement and the Plan. The Company shall
not retain fractional Shares to satisfy any portion of the tax withholding obligation. Accordingly, if any withholding is done through the withholding of Shares, Participant shall pay to the Company an amount in cash sufficient to satisfy the
remaining tax withholding obligation due and payable as a result of the Company not retaining fractional Shares. Should the Company be unable to procure such cash amounts from Participant, Participant agrees and acknowledges that Participant is
giving the Company permission to withhold from Participant’s paycheck(s) an amount equal to the remaining tax withholding obligation due and payable as a result of the Company not retaining fractional Shares. 

8. Rights as Stockholder. Neither Participant nor any person claiming under or through Participant will have any of the rights or
privileges of a stockholder of the Company in respect of any Shares deliverable hereunder unless and until certificates representing such Shares will have been issued, recorded on the records of the Company or its transfer agents or registrars, and
delivered to Participant. After such issuance, recordation and delivery, Participant will have all the rights of a stockholder of the Company with respect to voting such Shares and receipt of dividends and distributions on such Shares. 

9. No Guarantee of Continued Service. PARTICIPANT ACKNOWLEDGES AND AGREES THAT THE VESTING OF THE RESTRICTED STOCK UNITS PURSUANT
TO THE VESTING SCHEDULE HEREOF IS EARNED ONLY BY CONTINUING AS A SERVICE PROVIDER AT THE WILL OF THE COMPANY (OR THE PARENT OR SUBSIDIARY EMPLOYING OR RETAINING PARTICIPANT) AND NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THIS AWARD OF
RESTRICTED STOCK UNITS OR ACQUIRING SHARES HEREUNDER. PARTICIPANT FURTHER ACKNOWLEDGES AND AGREES THAT THIS AWARD AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREUNDER AND THE VESTING SCHEDULE SET FORTH HEREIN DO NOT CONSTITUTE AN EXPRESS OR IMPLIED
PROMISE OF CONTINUED ENGAGEMENT AS A SERVICE PROVIDER FOR THE VESTING PERIOD, FOR ANY PERIOD, OR AT ALL, AND WILL NOT INTERFERE IN ANY WAY WITH PARTICIPANT’S RIGHT OR THE RIGHT OF THE COMPANY (OR THE PARENT OR SUBSIDIARY EMPLOYING OR RETAINING
PARTICIPANT) TO TERMINATE PARTICIPANT’S RELATIONSHIP AS A SERVICE PROVIDER AT ANY TIME, WITH OR WITHOUT CAUSE. 
 10.
Address for Notices. Any notice to be given to the Company under the terms of this Award Agreement will be addressed to the Company, in care of its Stock Plan Administrator at MaxLinear, Inc., 2051 Palomar Airport Road, Suite 100, Carlsbad,
California 92011, or at such other address as the Company may hereafter designate in writing. 
 11. Grant is Not
Transferable. Except to the limited extent provided in Section 6, this grant and the rights and privileges conferred hereby will not be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and
will not be subject to 

  
 -5-

 
sale under execution, attachment or similar process. Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this grant, or any right or privilege conferred hereby, or
upon any attempted sale under any execution, attachment or similar process, this grant and the rights and privileges conferred hereby immediately will become null and void. 
 12. Binding Agreement. Subject to the limitation on the transferability of this grant contained herein, this Award Agreement will be binding upon and inure to the benefit of the heirs, legatees,
legal representatives, successors and assigns of the parties hereto. 
 13. Additional Conditions to Issuance of Stock.
If at any time the Company will determine, in its discretion, that the listing, registration or qualification of the Shares upon any securities exchange or under any state or federal law, or the consent or approval of any governmental regulatory
authority is necessary or desirable as a condition to the issuance of Shares to Participant (or his or her estate), such issuance will not occur unless and until such listing, registration, qualification, consent or approval will have been effected
or obtained free of any conditions not acceptable to the Company. Where the Company determines that the delivery of the payment of any Shares will violate federal securities laws or other applicable laws, the Company will defer delivery until the
earliest date at which the Company reasonably anticipates that the delivery of Shares will no longer cause such violation. The Company will make all reasonable efforts to meet the requirements of any such state or federal law or securities exchange
and to obtain any such consent or approval of any such governmental authority. 
 14. Plan Governs. This Award Agreement
is subject to all terms and provisions of the Plan. In the event of a conflict between one or more provisions of this Award Agreement and one or more provisions of the Plan, the provisions of the Plan will govern. Capitalized terms used and not
defined in this Award Agreement will have the meaning set forth in the Plan. 
 15. Administrator Authority. The
Administrator will have the power to interpret the Plan and this Award Agreement and to adopt such rules for the administration, interpretation and application of the Plan as are consistent therewith and to interpret or revoke any such rules
(including, but not limited to, the determination of whether or not any Restricted Stock Units have vested). All actions taken and all interpretations and determinations made by the Administrator in good faith will be final and binding upon
Participant, the Company and all other interested persons. No member of the Administrator will be personally liable for any action, determination or interpretation made in good faith with respect to the Plan or this Award Agreement. 

16. Electronic Delivery. The Company may, in its sole discretion, decide to deliver any documents related to Restricted Stock
Units awarded under the Plan or future Restricted Stock Units that may be awarded under the Plan by electronic means or request Participant’s consent to participate in the Plan by electronic means. Participant hereby consents to receive such
documents by electronic delivery and agrees to participate in the Plan through any on-line or electronic system established and maintained by the Company or another third party designated by the Company. 

17. Captions. Captions provided herein are for convenience only and are not to serve as a basis for interpretation or construction
of this Award Agreement. 

  
 -6-

 18. Agreement Severable. In the event that any provision in this Award Agreement will
be held invalid or unenforceable, such provision will be severable from, and such invalidity or unenforceability will not be construed to have any effect on, the remaining provisions of this Award Agreement. 

19. Modifications to the Agreement. This Award Agreement constitutes the entire understanding of the parties on the subjects
covered. Participant expressly warrants that he or she is not accepting this Award Agreement in reliance on any promises, representations, or inducements other than those contained herein. Modifications to this Award Agreement or the Plan can be
made only in an express written contract executed by a duly authorized officer of the Company. Notwithstanding anything to the contrary in the Plan or this Award Agreement, the Company reserves the right to revise this Award Agreement as it deems
necessary or advisable, in its sole discretion and without the consent of Participant, to comply with Section 409A or to otherwise avoid imposition of any additional tax or income recognition under Section 409A in connection to this Award
of Restricted Stock Units. 
 20. Amendment, Suspension or Termination of the Plan. By accepting this Award, Participant
expressly warrants that he or she has received an Award of Restricted Stock Units under the Plan, and has received, read and understood a description of the Plan. Participant understands that the Plan is discretionary in nature and may be amended,
suspended or terminated by the Company at any time. 
 21. Governing Law. This Award Agreement will be governed by the
laws of the State of California, without giving effect to the conflict of law principles thereof. For purposes of litigating any dispute that arises under this Award of Restricted Stock Units or this Award Agreement, the parties hereby submit to and
consent to the jurisdiction of the State of California, and agree that such litigation will be conducted in the courts of San Diego County, California, or the federal courts for the United States for the Southern District of California, and no other
courts, where this Award of Restricted Stock Units is made and/or to be performed. 

  
 -7-

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