Document:

Third Amended and Restated Investor Rights Agreement

 Exhibit 4.3 
 ENTROPIC COMMUNICATIONS, INC. 
 THIRD AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT

 June 30, 2007 
 This
Third Amended and Restated Investor Rights Agreement (this “Agreement”) is made and entered into effective as of the date of the closing of the transactions contemplated by the Merger Agreement by and among Entropic
Communications, Inc., a Delaware corporation (the “Company”), the holders of the Company’s Series A Convertible Preferred Stock (the “Series A Preferred Stock”) listed on Exhibit A hereto,
the holders of the Company’s Series B Convertible Preferred Stock (the “Series B Preferred Stock”) listed on Exhibit A hereto, the holders of the Company’s Series C Convertible Preferred Stock (the
“Series C Preferred Stock”) listed on Exhibit A hereto, the holders of the warrants to purchase shares of Series C Preferred Stock issued to Silicon Valley Bank and Horizon Technology Funding Company II LLC (the
“Warrant Holders”) as described in the Venture Loan and Security Agreement dated April 5, 2007 (the “Loan Agreement”), and the holders of the Company’s Series D-1 Convertible Preferred
Stock, Series D-2 Convertible Preferred Stock and Series D-3 Convertible Preferred Stock (collectively, the “Series D Preferred Stock”, and, together with the Series A Preferred Stock, Series B Preferred Stock and the
Series C Preferred Stock, the “Securities”) to be issued pursuant to the Merger Agreement, as defined below listed on Exhibit A hereto. The holders of the Series A Preferred Stock, Series B Preferred Stock, the Series
C Preferred Stock and the purchasers of the Series D Preferred Stock shall be referred to hereinafter as the “Investors” and each individually as an “Investor.” 
 RECITALS 
 WHEREAS, the holders of the
Series A Preferred Stock, Series B Preferred Stock and the Series C Preferred Stock are parties to that certain Second Amended and Restated Investor Rights Agreement dated as of December 6, 2005, as amended (the “Prior Rights
Agreement”); 
 WHEREAS, in connection with the Loan Agreement, the Company has issued one or more warrants (the
“Loan Warrants”) to the Warrant Holders to acquire shares of Series C Preferred Stock, and has agreed to grant to the Warrant Holders registration rights under Section 1 of this Agreement and solely with respect to the
shares of the Company’s common stock (the “Common Stock”) issuable upon conversion of the shares of Series C Preferred Stock issuable upon exercise of the Loan Warrants (the “Exercise Shares”),
and the requisite parties to the Investors’ Rights Agreement desire to amend the Investors’ Rights Agreement to add Warrant Holders as “Holders” hereunder and to include the Exercise Shares as “Registrable Securities”
hereunder, but only with respect to Section 1 of this Agreement (it being understood that no other rights will be granted to the Warrant Holders under this Agreement); 
 WHEREAS, in connection with that certain Agreement and Plan of Merger and Reorganization dated as of the date hereof by and among the Company, Raptor
Acquisition, Sub, Inc., RF Magic, Inc. and, solely for the purposes of Sections 9 and 10.1 thereof, Mark Foley, as Stockholders’ Representative (the “Merger Agreement”) certain of the Investors will be issued shares
of Series D Preferred Stock and as a condition to such issuance the Company is obligated to extend to such Investors the registration rights, information rights and other rights as set forth herein; and 
  

 1 

 WHEREAS, the Company and the Investors desire to enter into this Agreement to amend, restate and replace
the rights provided for under the Prior Rights Agreement with the rights set forth in this Agreement. Sections 1.12 and 2.2 of the Prior Rights Agreement provides that any provision of the Prior Rights Agreement may be amended and the observance
thereof may be waived (either generally or in a particular instance and either retroactively or prospectively), only with the written consent of the Company and Investors (and/or any of their permitted successors or assigns) holding a majority of
the Registrable Securities Then Outstanding (as defined in the Prior Rights Agreement (the “Required Holders”)). The undersigned Required Holders hold the required amount of such securities. 
 NOW, THEREFORE, in consideration of the foregoing recitals and the mutual promises hereinafter set forth, the parties hereto agree as follows:

 AGREEMENT 
  

	 	1.	REGISTRATION RIGHTS. 

 1.1
Definitions. For purposes of this Section 1: 
 (a) Registration. The terms “register,”
“registered,” and “registration” refer to a registration effected by preparing and filing a registration statement in compliance with the Securities Act of 1933, as amended (the “Securities
Act”), and the declaration or ordering of effectiveness of such registration statement. 
 (b) Registrable Securities.
The term “Registrable Securities” means: (i) any and all shares of the Company’s common stock (“Common Stock”) issued or issuable upon the conversion of the Securities, (ii) the
Exercise Shares, and (iii) any shares of Common Stock issued as (or issuable upon the conversion or exercise of any warrant, right or other security which is issued as) a dividend or other distribution with respect to, in exchange for or in
replacement of, all such shares of Common Stock described in clause (i) of this subsection. The term “Registrable Securities” shall exclude in all cases, however, any shares described by (i) or (ii) of this
subsection (b) sold by a person in a transaction in which rights under this Section 1 are not assigned in accordance with this Agreement or any shares described by (i) or (ii) of this subsection (b) sold to the public or
sold pursuant to Rule 144 promulgated under the Securities Act. 
 (c) Registrable Securities Then Outstanding. The term
“Registrable Securities Then Outstanding” shall mean those shares of Common Stock which are Registrable Securities and (1) are then issued and outstanding or (2) are then issuable pursuant to the exercise or
conversion of then-outstanding and then-exercisable options, warrants or convertible securities. 
 (d) Holder. For purposes of this
Section 1 and Section 2 hereof, the term “Holder” or “Holders” means any person or persons owning Registrable Securities who is a party hereto. 
  

 2 

 (e) Form S-3. The term “Form S-3” means such form under the
Securities Act as is in effect on the date hereof or any successor registration form under the Securities Act subsequently adopted by the SEC (as defined below) which permits inclusion or incorporation of substantial information by reference to
other documents filed by the Company with the SEC. 
 (f) SEC. The term “SEC” means the United States
Securities and Exchange Commission. 
 (g) Offered Stock. The term “Offered Stock” means all shares of
Preferred Stock (or the Common Stock issued or issuable upon the conversion of such shares) held by an Investor proposed to be the subject of a Transfer. 
 (h) Transfer. The term “Transfer” means any sale, assignment, encumbrance, hypothecation, pledge, conveyance in trust, gift, or other transfer or disposition of any kind, including but
not limited to transfers to receivers, levying creditors, trustees or receivers in bankruptcy proceedings or general assignees for the benefit of creditors, whether voluntary or by operation of law, directly or indirectly, of shares of the Series A
Preferred Stock, the Series B Preferred Stock, the Series C Preferred Stock or the Series D Preferred Stock (or the Common Stock issued or issuable upon the conversion of such shares), except (i) any bona fide pledge made pursuant to a bona
fide loan transaction that creates a mere security interest, (ii) if such shares are held by a partnership, limited liability company, or trust, (A) to partners, members, officers, employees, and affiliates of such partnership, limited
liability company, or trust or any partner, officer or employee of such affiliates (collectively, “Affiliates”), (B) to its general or limited partners, stockholders or beneficiaries, or to an entity owned by or
organized for the benefit of the general or limited partners, stockholders, officers, directors, employees, Affiliates or beneficiaries of such holder, as applicable, or (C) to an entity that controls, or is controlled by, or is under common
control with such partnership or limited liability company, (iii) if such shares are held by a corporation, (A) to Affiliates, (B) to its stockholders, or to an entity owned by or organized for the benefit of the stockholders,
officers, directors, employees, Affiliates or beneficiaries of such holder, as applicable, or (C) to an entity that controls, or is controlled by, or is under common control with such corporation, (iv) for a Transfer made by an Investor
party to that certain Fourth Amended and Restated Right of First Refusal and Co-Sale Agreement between the Company and the parties thereto dated as of the date hereof, as amended (the “Co-Sale Agreement”), pursuant to and in
accordance with the right of co-sale provided therein, or (v) in connection with a sale to the public pursuant to a registration statement filed by the Company with the SEC under the Securities Act; provided, that in each of cases (i),
(ii), (iii) and (iv) above, each pledgee, transferee or distributee shall, as a condition precedent to such pledge or Transfer, execute either, in the Company’s sole discretion, a counterpart copy of this Agreement or a written
acknowledgment that it takes such shares subject to the restrictions and provisions of this Agreement; and provided further, that in each of the cases of (i) and (iii), each pledgee, transferee or distributee is not a competitor of the
Company as determined in good faith by the Board of Directors. For purposes of this Section 1.1(h), any subsidiary of a Holder in which such Holder owns at least ninety-five percent (95%) of the voting securities shall not be deemed to be
a competitor of the Company. Notwithstanding the foregoing or anything to the contrary contained herein, Freescale Semiconductor, Inc. shall be permitted to transfer its shares of the Company’s securities to Motorola, Inc., provided
that, with respect to such securities, 

  

 3 

 
Motorola, Inc. shall be subject to and bound by the terms of this Agreement, the Second Amended and Restated Voting Agreement between the Company and the
parties thereto dated as of the date hereof, as amended, and the Co-Sale Agreement. For the avoidance of doubt, a transfer of Freescale’s shares of the Company’s securities to Motorola shall not be deemed a Transfer for purposes of this
Agreement. 
 1.2 Demand Registration. 
 (a) Request by Holders. If the Company shall receive a written request from the Holders of at least thirty percent (30%) of the Registrable Securities Then Outstanding not earlier than the earlier of
(i) three (3) years after the date of the Prior Rights Agreement or (ii) six months after the effective date of the first registration statement filed by the Company covering an underwritten offering of any of its securities to the
general public, that the Company file a registration statement under the Securities Act covering the registration of at least twenty-five percent (25%) of the Registrable Securities (or a lesser amount if the anticipated aggregate offering
price, net of underwriting discounts and commissions, would exceed Seven Million Five Hundred Thousand Dollars ($7,500,000)) pursuant to this Section 1.2, then the Company shall, within ten (10) business days of the receipt of such written
request, give written notice of such request (“Request Notice”) to all Holders, and effect, as soon as practicable, the registration under the Securities Act of all Registrable Securities which Holders request to be
registered and included in such registration by written notice given by such Holders to the Company within twenty (20) days after receipt of the Request Notice, subject to the limitations of this Section 1.2. 
 (b) Underwriting. If the Holders initiating the registration request under this Section 1.2 (“Initiating Holders”)
intend to distribute the Registrable Securities covered by their request by means of an underwriting, then they shall so advise the Company as a part of their request made pursuant to this Section 1.2 and the Company shall include such
information in the Request Notice. In such event, the right of any Holder to include Registrable Securities in such registration shall be conditioned upon such Holder’s participation in such underwriting and the inclusion of such Holder’s
Registrable Securities in the underwriting (unless otherwise mutually agreed by such Holder and Initiating Holders holding a majority in interest of the Registrable Securities to be included in such registration) to the extent provided herein. All
Holders proposing to distribute their securities through such underwriting shall enter into an underwriting agreement in customary form with the managing underwriter or underwriters selected for such underwriting by the Company (and reasonably
acceptable to holders of a majority of the Registrable Securities proposed to be registered). Notwithstanding any other provision of this Section 1.2, if the underwriter(s) advise(s) the Company in writing that marketing factors require a
limitation of the number of securities to be underwritten, then the Company shall so advise all Holders of Registrable Securities that would otherwise be registered and underwritten pursuant hereto, and the number of Registrable Securities that may
be included in the underwriting shall be reduced as required by the underwriter(s) and allocated among the Holders of Registrable Securities on a pro rata basis according to the number of Registrable Securities held by each Holder requesting
registration (including the Initiating Holders); provided, however, that the number of shares of Registrable Securities to be included in such underwriting and registration shall not be reduced unless all other securities of the
Company are first entirely excluded from the underwriting and registration. Any Registrable Securities excluded and withdrawn from such underwriting shall be withdrawn from the registration. 
  

 4 

 (c) Maximum Number of Demand Registrations. The Company is obligated to effect only two
(2) such registrations pursuant to this Section 1.2 and shall not be obligated to effect such a registration during the six (6) month period after the effective date of the Company’s initial public offering of its securities
pursuant to a registration statement filed under the Securities Act. 
 (d) Deferral. Notwithstanding the foregoing, if the Company
shall furnish to Holders requesting the filing of a registration statement pursuant to this Section 1.2 a certificate signed by the President or Chief Executive Officer of the Company stating that, in the good faith judgment of the Board of
Directors of the Company (the “Board of Directors”), it would be seriously detrimental to the Company and its stockholders for such registration statement to be filed and it is therefore essential to defer the filing of such
registration statement, then the Company shall have the right to defer such filing for a period of not more than ninety (90) days after receipt of the request of the Initiating Holders; provided, however, that the Company may not
utilize this right more than once in any twelve (12) month period. 
 (e) Expenses. All registration and qualification fees,
printers’ and accounting fees, fees and disbursements of counsel for the Company and the reasonable fees and disbursements of one (1) counsel for the selling Holder or Holders (the “Registration Expenses”) shall be borne
by the Company. Each Holder participating in a registration pursuant to this Section 1.2 shall bear such Holder’s proportionate share (based on the total number of shares sold in such registration other than for the account of the Company)
of all discounts, commissions or other amounts payable to underwriters or brokers in connection with such offering (the “Selling Expenses”). Notwithstanding the foregoing, the Company shall not be required to pay for any
expenses of any registration proceeding begun pursuant to this Section 1.2 if the registration request is subsequently withdrawn at the request of the Holders of a majority of the Registrable Securities to be registered; provided,
further, however, that if at the time of such withdrawal, (i) the Holders have learned of a material adverse change in the condition, business or prospects of the Company not known to the Holders at the time of their request for
such registration and have withdrawn their request for registration with reasonable promptness after learning of such material adverse change, (ii) the withdrawal relates to the Company exercising its right to defer the registration pursuant to
Section 1.2(d), or (iii) the withdrawal is the result of the reduction by the underwriters of greater than fifty percent (50%) of the Registrable Securities sought to be registered by the Holders, then the Holders shall not be
required to pay any of such expenses and shall retain their rights pursuant to this Section 1.2. 
 1.3
Piggyback Registrations. The Company shall notify all Holders of Registrable Securities in writing at least thirty (30) days prior to filing any registration statement under the Securities Act for purposes of effecting a public
offering of securities of the Company (including, but not limited to, registration statements relating to secondary offerings of securities of the Company, but excluding registration statements relating to any registration under
Section 1.2 or Section 1.4 of this Agreement or to any employee benefit plan or a corporate reorganization) and will afford each such Holder an opportunity to include in such registration statement all or any part of the Registrable
Securities then held by such Holder. Each Holder 

  

 5 

 
desiring to include in any such registration statement all or any part of the Registrable Securities held by such Holder shall, within twenty (20) days
after receipt of the above-described notice from the Company, so notify the Company in writing, and in such notice shall inform the Company of the number of Registrable Securities such Holder wishes to include in such registration statement. If a
Holder decides not to include all of its Registrable Securities in any registration statement thereafter filed by the Company, such Holder shall nevertheless continue to have the right to include any Registrable Securities in any subsequent
registration statement or registration statements as may be filed by the Company with respect to offerings of its securities, all upon the terms and conditions set forth herein. 
 (a) Underwriting. If a registration statement under which the Company gives notice under this Section 1.3 is for an underwritten offering,
then the Company shall so advise the Holders of Registrable Securities. In such event, the right of any such Holder to include Registrable Securities in a registration pursuant to this Section 1.3 shall be conditioned upon such Holder’s
participation in such underwriting and the inclusion of such Holder’s Registrable Securities in the underwriting to the extent provided herein. All Holders proposing to distribute their Registrable Securities through such underwriting shall
enter into an underwriting agreement in customary form with the managing underwriter or underwriter(s) selected for such underwriting. Notwithstanding any other provision of this Agreement, if the managing underwriter(s) determine(s) in good faith
that marketing factors require a limitation of the number of shares to be underwritten, then the managing underwriter(s) may exclude shares (including Registrable Securities) from the registration and the underwriting, and the number of shares that
may be included in the registration and the underwriting shall be allocated, first, to the Company, and second, to each of the Holders requesting inclusion of their Registrable Securities in such registration statement on a pro rata
basis based on the total number of Registrable Securities then held by each such Holder. No such reduction shall reduce the amount of securities of the selling Holders included in the registration below twenty-five percent (25%) of the total
amount of securities included in such registration, unless such offering is the Initial Public Offering (as defined in Section 1.11 below) and such registration does not include shares of any other selling stockholders, in which event any or
all of the Registrable Securities of the Holders may be excluded in accordance with the immediately preceding sentence. If any Holder disapproves of the terms of any such underwriting, such Holder may elect to withdraw therefrom by written notice to
the Company and the underwriter, delivered at least ten (10) business days prior to the effective date of the registration statement. Any Registrable Securities excluded or withdrawn from such underwriting shall be excluded and withdrawn from
the registration. For any Holder which is a partnership, limited liability company or corporation, the partners, retired partners, members and stockholders of such Holder, or the estates and family members of any such partners, retired partners and
members and any trusts for the benefit of any of the foregoing persons shall be deemed to be a single “Holder,” and any pro rata reduction with respect to such “Holder” shall be based upon the
aggregate number of Registrable Securities owned by all entities and individuals included in such “Holder,” as defined in this sentence. 
  

 6 

 (b) Expenses. All Registration Expenses incurred in connection with a registration pursuant to
this Section 1.3 shall be borne by the Company. Each Holder participating in a registration pursuant to this Section 1.3 shall bear such Holder’s proportionate share (based on the total number of shares sold in such registration other
than for the account of the Company) of all Selling Expenses incurred in connection with a registration pursuant to this Section 1.3. 
 1.4 Form S-3 Registration. In case the Company shall receive from any Holder or Holders of Registrable Securities a written request or requests that the Company effect a registration on Form S-3 and any related
qualification or compliance with respect to all or a part of the Registrable Securities owned by such Holder or Holders, then the Company will: 
 (a) promptly give written notice of the proposed registration and the Holder’s or Holders’ request therefor, and any related qualification or compliance, to all other Holders of Registrable Securities; and 
 (b) as soon as practicable, effect such registration and all such qualifications and compliances as may be so-requested and as would permit or
facilitate the sale and distribution of all or such portion of such Holder’s or Holders’ Registrable Securities as are specified in such request, together with all or such portion of the Registrable Securities of any other Holder or
Holders joining in such request as are specified in a written request given within twenty (20) days after receipt of such written notice from the Company; provided, however, that the Company shall not be obligated to effect any
such registration, qualification or compliance pursuant to this Section 1.4: 
 (1) if Form S-3 is not available for such offering
by the Holders; 
 (2) if the Holders, together with the holders of any other securities of the Company entitled to inclusion in such
registration, propose to sell Registrable Securities and such other securities (if any) at an aggregate price to the public of less than Three Million Dollars ($3,000,000); 
 (3) if the Company shall furnish to the Holders a certificate signed by the President or Chief Executive Officer of the Company stating that, in the
good faith judgment of the Board of Directors, it would be seriously detrimental to the Company and its stockholders for such Form S-3 Registration to be effected at such time, in which event the Company shall have the right to defer the filing
of the Form S-3 registration statement no more than twice during any twelve (12) month period for a period of not more than ninety (90) days following receipt of the request of the Holder or Holders under this Section 1.4,
provided that the Company shall not be entitled to exercise the deferral rights set forth in this Section 1.4(b)(3) to defer two consecutive requests by any Holder or Holders of Registrable Securities that the Company effect a
registration on Form S-3 pursuant to this Section 1.4; 
 (4) if the Company has, within the twelve (12) month period preceding
the date of such request, already effected two (2) registrations on Form S-3 for Holders pursuant to this Section 1.4; 
  

 7 

 (5) within three (3) months of the effective date of any registration referenced to in
Sections 1.2 or 1.3 above, provided that the initiating Holder was permitted to sell Registrable Securities in such prior registration without a reduction in excess of ten percent (10%) of the number of such Holder’s
Registrable Securities initially requested by such Holder to be registered in such registration; or 
 (6) in any particular jurisdiction in
which the Company would be required to qualify to do business or to execute a general consent to service of process in effecting such registration, qualification or compliance. 
 (c) Expenses. Subject to the foregoing, the Company shall file a Form S-3 registration statement covering the Registrable Securities and
other securities so requested to be registered pursuant to this Section 1.4 as soon as practicable after receipt of the request(s) of the Holder(s) for such registration. Until such time as two (2) registrations pursuant to this
Section 1.4 are declared effective by the SEC, all Registration Expenses shall be borne by the Company and each Holder participating in a registration pursuant to this Section 1.4 shall bear such Holder’s proportionate share (based on
the total number of shares sold in such registration other than for the account of the Company) of all Selling Expenses. Notwithstanding the foregoing, the Company shall not be required to pay for any expenses of any registration proceeding begun
pursuant to this Section 1.4 if the registration request is subsequently withdrawn at the request of the Holders of a majority of the Registrable Securities to be registered; provided, however, that if at the time of such withdrawal,
(i) the Holders have learned of a material adverse change in the condition, business or prospects of the Company not known to the Holders at the time of their request for such registration and have withdrawn their request for registration with
reasonable promptness after learning of such material adverse change, (ii) the withdrawal relates to the Company exercising its right to defer the registration pursuant to Section 1.4(b)(3) or (iii) the withdrawal is the result of the
reduction by the underwriters of greater than fifty percent (50%) of the Registrable Securities sought to be registered by the Holders, then the Holders shall not be required to pay any of such expenses and shall retain their rights pursuant to
this Section 1.4. Following the second registration pursuant to this Section 1.4 which is declared effective by the SEC, the Holders who wish to participate in a Form S-3 registration shall pay all Registration Expenses and Selling
Expenses incurred in connection with each subsequent registration requested pursuant to this Section 1.4. The obligation of the Holders participating in a Form S-3 registration to pay such Registration Expenses and Selling Expenses shall be
several and not joint and in such proportion so that each Holder is responsible for the portion of the expenses represented by the percentage that the number of the Registrable Securities of such Holder offered by and sold under the registration
statement bears to the total number of all Registrable Securities offered by and sold under such registration statement. 
 (d) Not A
Demand Registration. Form S-3 registrations shall not be deemed to be demand registrations as described in Section 1.2 above. 
 1.5 Obligations of the Company. Whenever required to effect the registration of any Registrable Securities under this Agreement, the Company shall, as expeditiously as reasonably possible: 
 (a) prepare and file with the SEC a registration statement with respect to such Registrable Securities and use its best efforts to cause such
registration statement to become effective, and, upon the request of the Holders of a majority of the Registrable Securities registered thereunder, keep such registration statement effective for up to ninety (90) days; 
  

 8 

 (b) prepare and file with the SEC such amendments and supplements to such registration statement and the
prospectus used in connection with such registration statement as may be necessary to comply with the provisions of the Securities Act with respect to the disposition of all securities covered by such registration statement; 
 (c) furnish to the Holders such number of copies of a prospectus, including a preliminary prospectus, in conformity with the requirements of the
Securities Act, and such other documents as they may reasonably request in order to facilitate the disposition of the Registrable Securities owned by them that are included in such registration; 
 (d) use its best efforts to register and qualify the securities covered by such registration statement under such other securities or Blue Sky laws of
such jurisdictions as shall be reasonably requested by the Holders, provided that the Company shall not be required in connection therewith or as a condition thereto to qualify to do business or to file a general consent to service of process in any
such states or jurisdictions; 
 (e) in the event of any underwritten public offering, enter into and perform its obligations under an
underwriting agreement, in usual and customary form, with the managing underwriter(s) of such offering (it being understood and agreed that, as a condition to the Company’s obligations under this clause (e), each Holder participating in
such underwriting shall also enter into and perform its obligations under such an agreement); 
 (f) notify each Holder of Registrable
Securities covered by such registration statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act of the happening of any event as a result of which the prospectus included in such registration
statement, as then in effect, includes an untrue statement of a material fact or omits to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances then existing;
and 
 (g) furnish, at the request of any Holder requesting registration of Registrable Securities, on the date that such Registrable
Securities are delivered to the underwriters for sale, if such securities are being sold through underwriters, or, if such securities are not being sold through underwriters, on the date that the registration statement with respect to such
securities becomes effective, (i) an opinion, dated as of such date, of the counsel representing the Company for the purposes of such registration, in form and substance as is customarily given to underwriters in an underwritten public offering
and reasonably satisfactory to a majority in interest of the Holders requesting registration, addressed to the underwriters, if any, and to the Holders requesting registration of Registrable Securities and (ii) a “comfort” letter
dated as of such date, from the independent certified public accountants of the Company, in form and substance as is customarily given by independent certified public accountants to underwriters in an underwritten public offering and reasonably
satisfactory to a majority in interest of the Holders requesting registration, addressed to the underwriters, if any, and to the Holders requesting registration of Registrable Securities. 
  

 9 

 1.6 Furnish Information. It shall be a condition precedent to the obligations of the Company to
take any action pursuant to Sections 1.2, 1.3 or 1.4 hereof that the selling Holders shall furnish to the Company such information regarding themselves, the Registrable Securities held by them and the intended method of disposition of such
securities as shall be required to timely effect the registration of their Registrable Securities. 
 1.7 Delay of Registration. No
Holder shall have any right to obtain or seek an injunction restraining or otherwise delaying any such registration as the result of any controversy that might arise with respect to the interpretation or implementation of this Section 1.

 1.8 Indemnification. In the event any Registrable Securities are included in a registration statement under Sections 1.2, 1.3
or 1.4 hereof: 
 (a) By the Company. To the extent permitted by law, the Company will indemnify and hold harmless each Holder, the
partners, members, officers, directors and attorneys of each Holder, any underwriter (as defined in the Securities Act) for such Holder and each person, if any, who controls such Holder or underwriter within the meaning of the Securities Act or the
Securities Exchange Act of 1934, as amended, (the “Exchange Act”), against any losses, claims, damages, or liabilities (joint or several) to which they may become subject under the Securities Act, the Exchange Act or other
federal or state law, insofar as such losses, claims, damages, or liabilities (or actions in respect thereof) arise out of or are based upon any of the following statements, omissions or violations (each a “Violation”):

 (i) any untrue statement or alleged untrue statement of a material fact contained in such registration statement, including any
preliminary prospectus or final prospectus contained therein or any amendments or supplements thereto; 
 (ii) the omission or alleged
omission to state therein a material fact required to be stated therein, or necessary to make the statements therein not misleading; or 
 (iii) any violation or alleged violation by the Company of the Securities Act, the Exchange Act, any federal or state securities law or any rule or regulation promulgated under the Securities Act, the Exchange Act or any federal or state
securities law in connection with the offering covered by such registration statement; 
 and the Company will reimburse each such Holder, partner, member,
officer or director, underwriter or controlling person for any legal or other expenses reasonably incurred by them, as incurred, in connection with investigating or defending any such loss, claim, damage, liability or action; provided,
however, that the indemnity agreement contained in this subsection 1.8(a) shall not apply to amounts paid in settlement of any such loss, claim, damage, liability or action if such settlement is effected without the consent of the
Company (which consent shall not be unreasonably withheld), nor shall the Company be liable in any such case for any such loss, claim, damage, liability or action to the extent that it arises out of or is based upon a Violation which occurs in
reliance upon and in conformity with written information furnished expressly for use in connection with such registration by such Holder, partner, member, officer, director, underwriter or controlling person of such Holder. 
  

 10 

 (b) By Selling Holders. To the extent permitted by law, each selling Holder, severally and not
jointly, will indemnify and hold harmless the Company, each of its directors, each of its officers who have signed the registration statement, each of its attorneys, each person, if any, who controls the Company within the meaning of the Securities
Act, any underwriter and any other Holder selling securities under such registration statement or any of such other Holder’s partners, members, directors or officers or any person who controls such Holder within the meaning of the Securities
Act or the Exchange Act, against any losses, claims, damages or liabilities (joint or several) to which the Company or any such director, officer, attorney, controlling person, underwriter or other such Holder, partner, member or director, officer
or controlling person of such other Holder may become subject under the Securities Act, the Exchange Act or other federal or state law, insofar as such losses, claims, damages or liabilities (or actions in respect thereto) arise out of or are based
upon any Violation, in each case to the extent (and only to the extent) that such Violation occurs in reliance upon and in conformity with written information furnished by such Holder expressly for use in connection with such registration; and each
such Holder will reimburse any legal or other expenses reasonably incurred by the Company or any such director, officer, attorney, controlling person, underwriter or other Holder, partner, member, officer, director or controlling person of such
other Holder in connection with investigating or defending any such loss, claim, damage, liability or action; provided, however, that the indemnity agreement contained in this subsection 1.8(b) shall not apply to amounts paid in
settlement of any such loss, claim, damage, liability or action if such settlement is effected without the consent of the Holder, which consent shall not be unreasonably withheld; and provided further, that the total amounts payable in
indemnity by a Holder under this Section 1.8(b) in respect of any Violation shall not exceed the net proceeds received by such Holder in the registered offering out of which such Violation arises. 
 (c) Notice. Promptly after receipt by an indemnified party under this Section 1.8 of notice of the commencement of any action (including any
governmental action), such indemnified party will, if a claim in respect thereof is to be made against any indemnifying party under this Section 1.8, deliver to the indemnifying party a written notice of the commencement thereof and the
indemnifying party shall have the right to participate in, and, to the extent the indemnifying party so desires, jointly with any other indemnifying party similarly noticed, to assume the defense thereof with counsel mutually satisfactory to the
parties; provided, however, that an indemnified party shall have the right to retain its own counsel, with the fees and expenses to be paid by the indemnifying party, if representation of such indemnified party by the counsel retained
by the indemnifying party would be inappropriate due to actual or potential conflict of interests between such indemnified party and any other party represented by such counsel in such proceeding. The failure to deliver written notice to the
indemnifying party within a reasonable time of the commencement of any such action, if prejudicial to its ability to defend such action, shall relieve such indemnifying party of any liability to the indemnified party to the extent of such prejudice
under this Section 1.8, but the omission so to deliver written notice to the indemnifying party will not relieve it of any liability that it may have to any indemnified party otherwise than under this Section 1.8. 
  

 11 

 (d) Defect Eliminated in Final Prospectus. The foregoing indemnity agreements of the Company and
Holders are subject to the condition that, insofar as they relate to any Violation made in a preliminary prospectus but eliminated or remedied in the amended prospectus on file with the SEC at the time the registration statement in question becomes
effective or the amended prospectus filed with the SEC pursuant to SEC Rule 424(b) (the “Final Prospectus”), such indemnity agreement shall not inure to the benefit of any person if a copy of the Final Prospectus (i) was
furnished to the indemnified party, (ii) would have cured the Violation, and (iii) was not furnished to the person asserting the loss, liability, claim or damage at or prior to the time such action is required by the Securities Act.
Notwithstanding the foregoing, if the offering is an underwritten offering, the foregoing indemnity agreements shall continue to inure to the benefit of such indemnified party to the extent such party is unable to receive indemnification from the
underwriters of such offering. 
 (e) Contribution. In order to provide for just and equitable contribution to joint liability under
the Securities Act in any case in which either (i) any Holder exercising rights under this Agreement, or any controlling person of any such Holder, makes a claim for indemnification pursuant to this Section 1.8 but it is judicially
determined by a court of competent jurisdiction that such indemnification may not be enforced in such case notwithstanding the fact that this Section 1.8 provides for indemnification in such case, or (ii) contribution under the Securities
Act may be required on the part of any such selling Holder or any such controlling person in circumstances for which indemnification is provided under this Section 1.8; then, and in each such case, the indemnifying party, in lieu of
indemnifying the indemnified party, shall contribute to the amount paid or payable by such indemnified party with respect to such loss, liability, claim, damage or expense in the proportion that is appropriate to reflect the relative fault of the
indemnifying party and the indemnified party in connection with the statements or omissions that resulted in such loss, liability, claim, damage or expense, as well as any other relevant equitable considerations. The relative fault of the
indemnifying party and the indemnified party shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of material fact or the omission to state a material fact relates to information supplied by the
indemnifying party or by the indemnified party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission; provided, however, that, in any such case,
(A) no such Holder will be required to contribute any amount in excess of the net proceeds of all such Registrable Securities offered and sold by such Holder pursuant to such registration statement and (B) no person or entity guilty of
fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) will be entitled to contribution from any person or entity who was not guilty of such fraudulent misrepresentation. 
 (f) Survival. The obligations of the Company and Holders under this Section 1.8 shall survive the completion of any offering of Registrable
Securities in a registration statement, and otherwise. 
 1.9 “Market Stand-Off” Agreement. Each Holder hereby agrees that
it shall not, to the extent requested by the Company or an underwriter of securities of the Company, sell or otherwise transfer or dispose of or engage in any other transaction regarding any Registrable Securities or other shares of stock of the
Company then owned by such Holder (other than to donees, partners, members or stockholders of the Holder who agree to be similarly bound) for up 

  

 12 

 
to (i) one hundred eighty (180) days following the effective date of a registration statement of the Company filed under the Securities Act
relating to the Initial Public Offering; provided, however, that, all executive officers and directors of the Company and holders of greater than one percent (1%) of the Company’s outstanding Common Stock (on an as-converted
basis) (“One Percent Stockholders”) then holding Common Stock of the Company enter into similar agreements. 
 In order to
enforce the foregoing covenant, (i) the Company shall have the right to place restrictive legends on the certificates representing the shares subject to this Section 1.9 and to impose stop transfer instructions with respect to the
Registrable Securities and such other shares of stock of each Holder (and the shares or securities of every other person subject to the foregoing restriction) until the end of such period and (ii) the Holder agrees to execute an agreement
requested by the Company and/or underwriter; provided, however, that all executive officers and directors of the Company and One Percent Stockholders then holding Common Stock of the Company enter into similar agreements and
provided, further, that such agreement shall (a) contain a definitive termination date that is no more than one hundred eighty (180) days from the effective date of such registration statement, (b) not prevent a Holder
from disposing of another company’s stock solely because such other company operates a similar business to the Company, (c) if the Company’s registration statement has not been declared effective under the Securities Act, terminate no
later than two hundred seventy (270) days following the date such agreement is signed and delivered by the Holder to the Company and/or underwriter and (d) in the event any of the shares of the Common Stock, excluding any shares which are
to be included in such registration, held by the officers, directors and/or the One Percent Stockholders then holding Common Stock are released by the underwriters from the lock-up restrictions set forth in similar agreements, permit a number of
shares of the Common Stock held by a Holder, which number shall be equal to the largest number of shares of the Common Stock which were released from the lock-up provisions by the underwriters for an individual officer, director and/or One Percent
Stockholder, to be released immediately from any remaining lock-up restrictions provided by such agreement. 
 1.10 Rule 144
Reporting. With a view to making available the benefits of certain rules and regulations of the SEC, which may at any time permit the sale of the Registrable Securities to the public without registration, after such time as a public market
exists for the Common Stock of the Company the Company agrees to: 
 (a) make and keep public information available, as those terms are
understood and defined in Rule 144 under the Securities Act, at all times after the effective date of the first registration under the Securities Act filed by the Company for an offering of its securities to the general public; 
 (b) use its best efforts to file with the SEC in a timely manner all reports and other documents required of the Company under the Securities Act and
the Exchange Act (at any time after it has become subject to such reporting requirements); and 
 (c) as long as a Holder owns any
Registrable Securities, to furnish to the Holder forthwith upon request a written statement by the Company as to its compliance with the reporting requirements of said Rule 144 (at any time after ninety (90) days after the effective

  

 13 

 
date of the first registration statement filed by the Company for an offering of its securities to the general public), and of the Securities Act and the
Exchange Act (at any time after it has become subject to the reporting requirements of the Exchange Act), a copy of the most recent annual or quarterly report of the Company and such other reports and documents of the Company as a Holder may
reasonably request in availing itself of any rule or regulation of the SEC allowing a Holder to sell any such securities without registration (at any time after the Company has become subject to the reporting requirements of the Exchange Act).

 1.11 Termination of the Company’s Obligations Under this Section 1. The Company shall have no obligations pursuant to
Sections 1.2, 1.3 and 1.4 with respect to: (i) any request or requests for registration made by any Holder on a date more than two (2) years after the closing date of the first firmly underwritten public offering of Common Stock of
the Company pursuant to a registration statement filed with, and declared effective by, the SEC under the Securities Act, on the terms and conditions approved by the Board of Directors (an “Initial Public Offering”); or
(ii) any Registrable Securities proposed to be sold by a Holder in a registration pursuant to Section 1.2, 1.3 or 1.4 if, after the Initial Public Offering, in the opinion of counsel to the Company, all such Registrable Securities proposed
to be sold by a Holder may be sold in a three-month period without registration under the Securities Act pursuant to Rule 144 under the Securities Act and such Holder owns less than 1% of the Common Stock. 
 1.12 Limitations on Subsequent Registration Rights. From and after the date of this Agreement, the Company shall not, without the prior written
consent of the Holders of a majority of the Registrable Securities Then Outstanding, enter into any agreement with any holder or prospective holder of any securities of the Company that provides such holder or prospective holder with registration
rights superior to or on a parity with the registration rights provided to the Investors pursuant to this Section 1. 
  

	 	2.	ASSIGNMENT AND AMENDMENT. 

 2.1
Assignment. Notwithstanding anything herein to the contrary, the registration rights of a Holder under Section 1, the Investors’ right of first refusal under Section 3, the Company and the Investors’ right of first refusal
under Section 4 and the information or other rights under Section 5, if applicable, may be assigned only to (i) a party who acquires at least the lesser of all of the Registrable Securities held by the transferor or One Million
(1,000,000) such shares (as adjusted for stock splits, stock dividends, recapitalizations and the like), (ii)(A) a stockholder, an entity that controls, is controlled by, or is under common control with a Holder that is a corporation,
partner, member, or beneficiary of such Holder; (B) a spouse, child, parent or beneficiary of the estate of such Holder or (C) a trust for the benefit of the persons set forth in (A) or (B) or (iii) a subsidiary, parent,
general partner, limited partner, retired partner, member, retired member, affiliated fund or other Affiliate of a Holder; provided, however, that no party may be assigned any of the foregoing rights unless the Company is given written
notice by the assigning party at the time of such assignment stating the name, address and tax identification number of the assignee and identifying the securities of the Company as to which the rights in question are being assigned; and provided
further that any such assignee shall receive such assigned rights subject to all the terms and conditions of this Agreement, including without limitation the provisions of this Section 2 and that such assignee is not a competitor of the
Company, as determined on good faith by the Board of Directors. 
  

 14 

 2.2 Amendment of Rights; Waiver. Subject to Section 2.3, any provision of this Agreement may
be amended and the observance thereof may be waived (either generally or in a particular instance and either retroactively or prospectively), only with the written consent of the Company and Investors (and/or any of their permitted successors or
assigns) holding a majority of the Registrable Securities Then Outstanding. Any amendment or waiver effected in accordance with this Section 2.2 shall be binding upon each Investor, each Holder, each permitted successor or assignee of such
Investor or Holder and the Company. Notwithstanding the foregoing, no amendment will be effective against an Investor or Holder without such Investor’s or Holder’s prior written consent if such amendment would (i) impose any new
obligations or liabilities not expressly contemplated by this Agreement on, or materially increase any existing liabilities or obligations under this Agreement of, an Investor or Holder, or (ii) eliminate or alter such Investor’s or
Holder’s observer rights provided in Section 5.4 hereof to Motorola, Inc., Cisco Systems, Inc. or a Qualifying Purchaser without their respective consent, so long as Motorola, Inc., Cisco Systems, Inc. or such Qualifying Purchaser are
otherwise entitled to such rights. 
 2.3 New Investors. Notwithstanding anything herein to the contrary, if additional parties
purchase shares of the Securities from the Company (each such person or entity, a “New Investor”), then each such New Investor shall become a party to this Agreement as an “Investor” hereunder, without
the need for any consent, approval or signature of any Investor when such New Investor has both: (i) purchased shares of the Securities and paid the Company all consideration payable for such shares and (ii) executed one or more
counterpart signature pages to this Agreement as an “Investor,” with the Company’s consent. 
  

	 	3.	INVESTORS’ RIGHT OF FIRST REFUSAL. 

 3.1
Right of First Refusal. If, at any time after the date of this Agreement and prior to the termination of this right of first refusal pursuant to Section 6.12, the Company should desire to issue in a transaction not registered under the
Securities Act in reliance upon a claimed exemption thereunder, any Equity Securities (as hereinafter defined), it shall give each Investor who, together with any person it controls, is controlled by or is under common control with, or a transferee
permitted under Section 2 hereof holds not less than one million (1,000,000) shares (as adjusted for stock splits, stock dividends, recapitalizations and the like) of Registrable Securities (a “Qualifying
Investor”), the right to purchase such Qualifying Investor’s pro rata share (or any part thereof) of all of such privately offered Equity Securities on the same terms as the Company is willing to sell such Equity Securities to any
other person. Each such Qualifying Investor’s pro rata share of the Equity Securities shall be equal to that percentage of the outstanding Common Stock of the Company held by such Qualifying Investor on the date of delivery of notice to such
Qualifying Investor, as set forth in Section 3.2 below, of the Company’s intention to sell and issue such Equity Securities. For purposes of this subsection 3.1, the outstanding Common Stock of the Company shall include
(i) outstanding shares of Common Stock, and (ii) shares of Common Stock issued or issuable upon exercise and/or conversion of any then outstanding options, warrants and Preferred Stock of the Company. 
 3.2 Notice; Over-Allotment. Prior to any sale or issuance by the Company of any Equity Securities, the Company shall notify in writing each
Qualifying Investor of its intention to sell and issue such securities, setting forth the terms under which it proposes to make 

  

 15 

 
such sale. Within ten (10) business days after receipt of such notice, each such Qualifying Investor shall notify the Company in writing whether such
Qualifying Investor desires to purchase such Qualifying Investor’s pro rata share, or any part thereof, of the Equity Securities so offered. If any Qualifying Investor fails to deliver notice in writing within such ten (10) day period of
its election to purchase such Qualifying Investor’s full pro rata share of an offering of Equity Securities (a “Nonpurchasing Investor”), then such Nonpurchasing Investor shall forfeit the right hereunder to purchase
that part of its pro rata share of such Equity Securities that it did not so elect to purchase and the Company shall promptly give each Qualifying Investor who has timely elected to purchase its full pro rata share of such offering of Equity
Securities (a “Purchasing Investor”) written notice of the failure of any Nonpurchasing Investor to purchase such Nonpurchasing Investor’s full pro rata share of such offering of Equity Securities (the
“Over-Allotment Notice”). Each Purchasing Investor shall have a right of over-allotment such that such Purchasing Investor may elect to purchase a portion of the Nonpurchasing Investors’ unpurchased pro rata share of
such offering on a pro rata basis according to the relative pro rata share of the Purchasing Investors, by delivery of written notice of such election to the Company at any time within five (5) business days after receiving the Over-Allotment
Notice. 
 3.3 Company Sales Period. After termination of the ten (10) business day period plus, if applicable, the subsequent
five (5) business day period specified in subsection 3.2 above, the Company may, during a period of sixty (60) days following the end of such period, sell and issue such Equity Securities as to which a Qualifying Investor does not
indicate a desire to purchase to another person upon the same terms and conditions as those set forth in the notice to the Qualifying Investors. In the event the Company has not sold the Equity Securities, or has not entered into an agreement to
sell the Equity Securities, within said sixty (60) day period, the Company shall not thereafter issue or sell any Equity Securities without first offering such securities to the Qualifying Investors in the manner provided above. 
 3.4 Closing of Investor Purchases. If a Qualifying Investor gives the Company notice that such Qualifying Investor desires to purchase any of the
Equity Securities offered by the Company, payment for the Equity Securities shall be by check or wire transfer, against delivery of the Equity Securities at the executive offices of the Company within twenty (20) days after giving the Company
such notice, or, if later, the closing date for the proposed sale of such Equity Securities. The Company shall take all such action as may be required by any regulatory authority in connection with the exercise by such Qualifying Investor of the
right to purchase Equity Securities as set forth in this Section 3. 
 3.5 Exempted Issuances. The right of first refusal
contained in this Section 3 shall not apply to the issuance by the Company of Equity Securities (i) upon conversion of the Securities; (ii) to officers, directors or employees of, or consultants to, the Company pursuant to a warrant,
stock grant, option agreement or plan, purchase plan or other employee stock incentive program or agreement approved by the Board of Directors (each such agreement or plan, an “Incentive Plan”); (iii) in connection with
the acquisition by the Company of another business entity or majority ownership thereof approved by the Board of Directors, including the affirmative vote of at least one (1) director designated by the holders of the Series A Preferred
Stock, one (1) director designated by the holders of the Series B Preferred Stock and one (1) director designated by the holders of the Series D Preferred Stock; (iv) to lease companies, real estate lessors, banks or
financial institutions, in connection with any lease or debt financing 

  

 16 

 
transaction approved by the Board of Directors including one (1) director designated by the holders of the Series A Preferred Stock, one
(1) director designated by the holders of the Series B Preferred Stock and one (1) director designated by the holders of the Series D Preferred Stock; (v) upon exercise of warrants outstanding as of the date of this
Agreement or issued in accordance with this Section 3.5; (vi) in connection with any stock split, stock dividend, distribution, recapitalization or similar event; (vii) in connection with a strategic investment and/or acquisition of
technology or intellectual property not principally for equity financing purposes approved by the Board of Directors, including the affirmative vote of at least one (1) director designated by the holders of the Series A Preferred Stock,
one (1) director designated by the holders of the Series B Preferred Stock and one (1) director designated by the holders of the Series D Preferred Stock; (viii) in connection with the Initial Public Offering;
(ix) pursuant to the Purchase Agreement; or (x) by way of a dividend or other distribution on Equity Securities described in the foregoing clauses (i) through (ix). 
 3.6 Equity Securities Defined. The term “Equity Securities” shall mean (i) Common Stock, rights, options or warrants to purchase
Common Stock, (ii) any security other than Common Stock having voting rights in the election of the Board of Directors, not contingent upon a failure to pay dividends, (iii) any security convertible into or exchangeable for any of the
foregoing, and (iv) any agreement or commitment to issue any of the foregoing. 
  

	 	4.	COMPANY’S AND INVESTORS’ RIGHT OF FIRST REFUSAL. 

 4.1 Notice of Proposed Transfer. Before any Investor may effect any Transfer of any Offered Stock, such Investor must give at the same time to the Company and each Qualifying Investor a written notice signed by
the Investor (“Investor’s Notice”) stating (a) the Investor’s bona fide intention to transfer such Offered Stock; (b) the number of shares of Offered Stock; (c) the name, address and relationship, if
any, to the Investor of each proposed purchaser or other transferee; and (d) the bona fide cash price or, in reasonable detail, other consideration, per share for which the Investor proposes to transfer such Offered Stock (the
“Offered Price”). Upon the request of the Company or an Qualifying Investor, the Investor will promptly furnish such information to the Company and to such Qualifying Investor as may be reasonably requested to establish that
the offer and proposed transferee are bona fide. 
 4.2 Right of First Refusal. 
 (a) The Company and Qualifying Investors’ Right. With respect to any Transfer by any Investor, the Company and each Qualifying Investor shall
have the right of first refusal to purchase all or any part of the Offered Stock, exercisable as set forth in subsections (b) and (c) hereof. 
 (b) Exercise of the Company’s Right of First Refusal. The Company’s right of first refusal may be exercised as follows: 
 (i) The Company shall have the opportunity to purchase all or any part of the Offered Stock. 
 (ii) If the
Company desires to purchase all or any part of the Offered Stock, the Company must, within the ten (10) business day period (the “Company 

  

 17 

 
Refusal Period”) commencing on the date of the Investor’s Notice, give written notice to the Investor of the Company’s election
to purchase the Offered Stock. To the extent that the Company elects not to purchase all of the Offered Stock, the remaining shares of Offered Stock may be purchased by the Qualifying Investors as set forth in Section 4.2(c) below. 

(iii) On or prior to the expiration of the Company Refusal Period, the Company will give written notice (the “Company’s Expiration
Notice”) to the Investor and to the Qualifying Investors specifying either (A) that all or a portion of the Offered Stock was subscribed for by the Company exercising its right of first refusal or (B) that the Company waived
its right to purchase any of the Offered Stock. Notwithstanding any failure by the Company to deliver a Company’s Expiration Notice, a failure by the Company to exercise its right of first refusal within the Company Refusal Period shall be
deemed a waiver of such right, however such failure shall not affect the Qualifying Investors’ right of first refusal as set forth in Section 4.2(c) below. 
 (c) Exercise of Qualifying Investors’ Right of First Refusal. The Qualifying Investors’ right of first refusal may be exercised as follows: 
 (i) To the extent the Company does not purchase all of the Offered Stock, the Qualifying Investors shall have the opportunity to purchase the remaining
Offered Stock. 
 (ii) If a Qualifying Investor or its permitted assignees desires to purchase any of the remaining Offered Stock, such
Qualifying Investor must, within a ten (10) business day period (the “Qualifying Investor Refusal Period”) commencing on the first to occur of (A) the date of the Company’s Expiration Notice or (B) the
twentieth (20th) business day after the Investor’s Notice, give written notice (the “Qualifying Investors Notice”) to the Investor and to the Company of such Investor’s election to purchase any remaining
Offered Stock. In the event that an Qualifying Investor elects not to purchase any of the remaining Offered Stock, such Qualifying Investor shall, on or prior to the expiration of the Qualifying Investor Refusal Period, give written notice (the
“Qualifying Investor’s Expiration Notice”) to the Investor that such Qualifying Investor is waiving its right to purchase any such Offered Stock under this Section 4(c). Notwithstanding any failure by a Qualifying
Investor to deliver the Qualifying Investor’s Expiration Notice, a failure by a Qualifying Investor to exercise its right of first refusal within the Qualifying Investor Refusal Period shall be deemed a waiver of such right. If multiple
Qualifying Investors elect to purchase the Offered Stock not purchased by the Company, each Qualifying Investor shall have the right to purchase its pro rata share of the Offered Stock not purchased by the Company, based on the number of shares of
Preferred Stock held by such Qualifying Investor as a percentage of the number of shares of Preferred Stock held by all Qualifying Investors exercising such right. 
 (d) Notice; Over-Allotment. In the event that not all of the Qualifying Investors elect to purchase their pro rata share of the Offered Stock available pursuant to their rights set forth under this
Section 4 within the time period set forth herein, then the Investor shall promptly give written notice to each of the Qualifying Investors electing to purchase the Offered Stock (“Overallotment Notice”), which shall set
forth the number of shares of Offered Stock not purchased by the other Qualifying Investors, and shall offer such Qualifying Investors electing to 

  

 18 

 
purchase the Offered Stock the right to acquire such unsubscribed shares. Such Qualifying Investors shall have five (5) business days after receipt of
the Overallotment Notice to deliver a written notice to the Investor (the “Participating Qualifying Investor’s Overallotment Notice”) of its election to purchase its pro rata share of the unsubscribed shares on the same
terms and conditions as set forth in the Investor’s Notice. For purposes of this Section 4(d) each Qualifying Investor electing to participate in the purchase of Offered Stock shall have the right to purchase its pro rata share based on
the number of shares of Preferred Stock held by such Qualifying Investor as a percentage of the number of shares of Preferred Stock held by all Qualifying Investors exercising such over-allotment right. 
 (e) Purchase Price. The purchase price for the Offered Stock to be purchased by the Company or the Qualifying Investor exercising its right of
first refusal under this Agreement will be the Offered Price, but will be payable as set forth in Section 4(f) below. If the Offered Price includes consideration other than cash, the cash equivalent value of the non-cash consideration will be
determined by the Board of Directors of the Company in good faith, which determination will be binding upon the Company, the Qualifying Investor and the Investor absent fraud or error. 
 (f) Payment. Payment of the purchase price for the Offered Stock purchased by the Company or by the Qualifying Investor exercising its right of
first refusal shall be made (A) within seven (7) days after the date of the Qualifying Investor’s Expiration Notice, (B) within five (5) days after delivery of the Participating Qualifying Investor’s Overallotment
Notice or (C) prior to the sixtieth (60th) day following the Investor’s Notice. Payment of the purchase price will be made by the Company or the Investor (i) in cash or by wire transfer of immediately available funds,
(ii) by cancellation of all or a portion of any outstanding indebtedness of the Investor to the Company or the Qualifying Investor, as applicable, or (iii) by any combination of the foregoing. 
 (g) Rights as a Stockholder. If the Company or an Qualifying Investor exercise their right of first refusal to purchase the Offered Stock, then,
upon consummation of such purchase, the Investor will have no further rights in the Offered Stock except the right to receive payment for the Offered Stock from the Company or the Qualifying Investor in accordance with the terms of this Agreement,
and the Investor will forthwith cause all certificate(s) evidencing such Offered Stock to be surrendered to the Company for transfer to the Company or to the Qualifying Investor. 
 (h) Investor’s Right to Transfer. If the Company or the Qualifying Investors have not elected to purchase all of the Offered Stock, then the
Investor may transfer the remaining portion of the Offered Stock proposed to be sold by the Investor, to any person named as a purchaser or other transferee in the Investor’s Notice, at the Offered Price or at a higher price, provided that such
transfer (i) is consummated within sixty (60) days after the date of the Investor’s Notice and (ii) is in accordance with all the terms of this Agreement. If the Offered Stock is not so transferred during such sixty (60) day
period, then the Investor may not transfer any of such Offered Stock without complying again in full with the provisions of this Agreement. 
  

 19 

 4.3 Restrictive Legend and Stop-Transfer Orders. 
 (a) Right of First Refusal Legend. The Investors understand and agree that the Company will cause the legend set forth below, or a legend
substantially equivalent thereto, to be placed upon any certificate(s) or other documents or instruments evidencing ownership of the Preferred Stock: 
 THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO A RIGHT OF FIRST REFUSAL IN FAVOR OF THE COMPANY AND THE QUALIFYING INVESTORS SET FORTH IN AN INVESTOR RIGHTS AGREEMENT ENTERED INTO BY THE HOLDER OF THESE
SHARES, THE COMPANY AND CERTAIN STOCKHOLDERS OF THE COMPANY. A COPY OF SUCH AGREEMENT IS ON FILE AT THE PRINCIPAL OFFICE OF THE COMPANY. SUCH RIGHTS OF FIRST REFUSAL ARE BINDING ON CERTAIN TRANSFEREES OF THESE SHARES. 
 (b) Stop Transfer Instructions. The Investors agree, to ensure compliance with the restrictions referred to herein, that the Company may issue
appropriate “stop transfer” certificates or instructions and that, if the Company transfers its own securities, it may make appropriate notations to the same effect in its records. 
  

	 	5.	INFORMATION RIGHTS AND OTHER COVENANTS. 

 5.1
Financial Statements and Reports. The Company will maintain true books and records of account in which full and correct entries will be made of all its business transactions pursuant to a system of accounting established and administered in
accordance with generally accepted accounting principles consistently applied, and will set aside on its books all such proper accruals and reserves as shall be required under generally accepted accounting principles consistently applied. As long as
an Investor (together with any persons it controls, is controlled by or is under common control with) or a transferee permitted under Section 2 hereof holds not less than one million (1,000,000) shares (as adjusted) of Registrable
Securities, the Company shall deliver to such Investors, (i) as soon as practicable after the end of each fiscal year of the Company, and in any event within one hundred twenty (120) days thereafter, a consolidated balance sheet of the
Company and its subsidiaries, if any, as of the end of such year and consolidated statements of income, stockholders’ equity and cash flows for such year, which year-end financial reports shall be in reasonable detail, prepared in accordance
with generally accepted accounting principles and audited by an accounting firm of national standing, and (ii) as soon as practicable after the end of each fiscal quarter of the Company, and in any event within sixty (60) days thereafter,
an unaudited, consolidated balance sheet of the Company and its subsidiaries, if any, as of the end of such quarter and consolidated statements of income, stockholders’ equity and cash flows for such quarter, which quarter-end financial reports
shall be in reasonable detail, prepared in accordance with generally accepted accounting principles. The Company will further deliver to such Investor, within thirty (30) days prior to the end of each fiscal year, a budget and business
plan for the next fiscal year, prepared on a monthly basis, including a balance sheet and statement of operations for such months and, as soon as prepared, any other budgets or revised budgets prepared by the Company. Each Investor agrees that any
information obtained by the Investor pursuant to this Section 5 which is identified by the Company to be proprietary to the Company or otherwise confidential will not, unless such 

  

 20 

 
Investor shall otherwise be required by law or the rules of any national securities exchange or association, be disclosed without the prior written consent
of the Company. The Investor may disclose such proprietary or confidential information to any partner or representative of Investor for the purpose of evaluating its investment in the Company as long as such partner or representative is advised of
the confidentiality provisions of this Section 5.1 and agrees in writing to be bound to the terms hereof, executes a similar confidentiality agreement or is otherwise bound by a duty of confidentiality not to disclose such information.

 5.2 Proprietary Inventions and Information Agreement. The Company agrees to use its best efforts to cause each employee and
consultant whose services are hereafter retained by the Company to execute a Proprietary Inventions and Information Agreement in substantially the form attached to the Purchase Agreement as Exhibit G. 
 5.3 Vesting. The Company agrees that grants of stock or options to employees and consultants will provide that such grants and options shall vest
(or shall be subject to a right of repurchase that lapses) over a four-year period from the commencement of service to the Company, unless different vesting provisions are unanimously approved by the Company’s Board of Directors. Unvested
shares of Common Stock issued by the Company shall be subject to a repurchase option in favor of the Company upon the termination of the employee’s services to the Company at the original cost thereof and the Company shall have a right of first
refusal with respect to shares of Common Stock issued by the Company. 
 5.4 Observation Rights. The Company shall permit one
(1) representative designated by Motorola, Inc. (the “Motorola Observer”), two (2) representatives of Cisco Systems, Inc. (the “Cisco Observers”) and one (1) representative designated by
each other Investor who both is a Qualifying Purchaser, as defined below, and does not have a representative serving as a member of the Company’s Board of Directors (each a “Qualifying Purchaser Observer”) to attend, in
a non-voting observer capacity, each meeting of the Board of Directors and each meeting of any committee thereof so long as Motorola, Inc. (“Motorola”), Cisco Systems, Inc. (“Cisco”) and such Investor
is a Qualifying Purchaser. “Qualifying Purchaser” means (i) an Investor who individually holds in the aggregate at least Two Million dollars ($2,000,000) of Original Series A Price, Original Series B Price, and Original
Series C Price (as such terms are defined in the Company’s Certificate of Incorporation) of Preferred Stock, (ii) CMEA Ventures Information Technology II, L.P. (or one of its affiliates), so long as it (together with its affiliates) holds
in the aggregate at least Two Million dollars ($2,000,000) of Original Series D-1 Price, Original Series D-2 Price and Original Series D-3 Price (as such terms are defined in the Company’s Certificate of Incorporation) of Preferred Stock, and
(iii) Granite Ventures, L.P. (or one of its affiliates), so long as it (together with its affiliates) holds in the aggregate at least Two Million dollars ($2,000,000) of Original Series D-1 Price, Original Series D-2 Price, and Original Series
D-3 Price (as such terms are defined in the Company’s Certificate of Incorporation) of Preferred Stock. The rights, duties and obligations of Motorola and the Motorola Observer in connection with the observer rights provided by this
Section 5.4 shall be as set forth in that certain board observation rights letter agreement entered into by and between the Company and Motorola as of March 27, 2003. The rights, duties and obligations of Cisco and the Cisco Observers in
connection with the observer rights provided by this Section 5.4 shall be as set forth in that certain board observation rights letter agreement entered into by and between the Company and Cisco as of March 27, 2003. The rights, duties and
obligations of a Qualifying 

  

 21 

 
Purchaser and the Qualifying Purchaser Observers in connection with the observer rights provided by this Section 5.4 shall be as set forth in that
certain board observation rights letter agreement entered into by and between the Company and the Qualifying Purchaser as of the date of the Prior Rights Agreement or as of the date hereof [ NOTE: NEED FORMS OF LETTERS FOR CMEA AND GRANITE ].

 5.5 Indebtedness. Without the approval of the Board of Directors, including at least one director designated by the holders of the
Series A Preferred Stock and one director designated by the holders of the Series B Preferred Stock, the Company will not incur, from the date hereof, indebtedness for borrowed money or other obligations in excess of $1,000,000 in the aggregate,
excluding however ordinary course vendor and supplier financing, as well as non-debt obligations pursuant to customer contracts and strategic partnerships. 
 5.6 Stock Option Reserve. The Company shall not increase the number of shares of the capital stock of the Company reserved for issuance pursuant to the Company’s 2001 Stock Option Plan (except as
contemplated by the Purchase Agreement) or authorize for issuance any shares pursuant to an Incentive Plan without the approval of (i) the holders of a majority of the issued and outstanding Series A Preferred Stock, voting as a separate class,
(ii) the holders of at least a sixty-six and two-thirds percent (66 2/3%) of the issued and outstanding Series B Preferred Stock, voting as a separate class, (iii) the holders of a majority of the issued and outstanding Series C Preferred
Stock, voting as a separate class and (iv) the holders of a majority of the issued and outstanding Series D Preferred Stock, with all series thereof voting together as a separate class. 
 5.7 Qualified Small Business Reporting. So long as Investors continue to hold Registrable Securities, or such shares are held by a transferee
whose ownership thereof is eligible to qualify as Qualified Small Business Stock, as defined in Section 1202(c) of the Internal Revenue Code of 1986 as amended (the “Code”), and such reporting and recordkeeping is
necessary for such Registrable Securities to qualify as Qualified Small Business Stock, the Company will comply with all reporting and recordkeeping requirements required of a Qualified Small Business by the Code and the regulations promulgated
thereunder. In addition, the Company shall submit such reports and comply with such other requirements as may be imposed by the Internal Revenue Service (or corresponding applicable state taxing authority) on corporations seeking to achieve and
maintain status as a qualified small business within the meaning of Section 1202(d) of the Code. 
 5.8 Reservation of Common
Stock. The Company will at all times reserve and keep available, solely for issuance and delivery upon the conversion of the Securities, all Common Stock issuable from time to time upon such conversion. 
  

	 	6.	GENERAL PROVISIONS. 

 6.1 Notices. All
notices and other communications required or permitted hereunder shall be in writing and shall be deemed effectively given (i) upon actual delivery to the party to be notified, (ii) 24 hours after confirmed facsimile transmission,
(iii) the day of sending such notice by electronic mail, or (iv) one business day after deposit with a recognized overnight courier, addressed (a) if to an Investor or Holder, at such Investor’s or Holder’s address, 

  

 22 

 
facsimile number and email address, if any, set forth in the Company’s stockholder records (and the Company hereby agrees promptly to provide the
current full name, address, facsimile number and email address, if any, of the Investors and other Holders set forth in its corporate records to any Holder or Investor requesting the same for a proper purpose under this Agreement upon such request,
and in no event later than five days after such request), or (b) if to the Company, at the following address or at such other address as the Company shall have furnished to the Investor upon 10 days’ notice: 
 Entropic Communications, Inc. 
 9276 Scranton Road, Suite 200 
 San Diego, CA 92121 
 Attention: Chief Executive Officer 
 Fax: (858) 546-2409 
 With a copy to: 
 Cooley Godward Kronish LLP 
 4401 Eastgate Mall 
 San Diego, CA 92121-1909 
 Attention: Charles S. Kim, Esq. 
 Fax: (858) 550-6420 
 Email: ckim@cooley.com 
 6.2 Entire Agreement. This Agreement, together with all the exhibits hereto, constitutes and contains the entire agreement and understanding of
the parties with respect to the subject matter hereof and supersedes any and all prior negotiations, correspondence, agreements, understandings, duties or obligations, including the Prior Rights Agreement, among the parties respecting the subject
matter hereof. 
 6.3 Governing Law. This Agreement shall be governed by and construed exclusively in accordance with the internal
laws of the State of California as applied to agreements among California residents entered into and to be performed entirely within California, excluding that body of law relating to conflict of laws and choice of law. 
 6.4 Severability. If one or more provisions of this Agreement are held to be unenforceable under applicable law, then such provision(s) shall be
excluded from this Agreement and the balance of this Agreement shall be interpreted as if such provision(s) were so excluded and shall be enforceable in accordance with its terms. 
 6.5 Third Parties. Nothing in this Agreement, express or implied, is intended to confer upon any person, other than the parties hereto and their
successors and assigns, any rights or remedies under or by reason of this Agreement. 
 6.6 Successors and Assigns. Subject to the
provisions of Section 2.1, the provisions of this Agreement shall inure to the benefit of, and shall be binding upon, the successors and permitted assigns of the parties hereto. 
  

 23 

 6.7 Captions. The captions to sections of this Agreement have been inserted for identification and
reference purposes only and shall not be used to construe or interpret this Agreement. 
 6.8 Counterparts; Facsimiles. This Agreement
may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Facsimile signatures shall be as effective as original signatures. 
 6.9 Costs and Attorneys’ Fees. In the event that any action, suit or other proceeding is instituted concerning or arising out of this
Agreement or any transaction contemplated hereunder, the prevailing party shall recover all of such party’s costs and attorneys’ fees incurred in each such action, suit or other proceeding, including any and all appeals or petitions
therefrom. 
 6.10 Adjustments for Stock Splits and Certain Other Changes. Wherever in this Agreement there is a reference to a
specific number of shares of Common Stock or Preferred Stock of the Company of any class or series, then, upon the occurrence of any subdivision, combination or stock dividend of such class or series of stock, the specific number of shares so
referenced in this Agreement shall automatically be proportionally adjusted to reflect the affect on the outstanding shares of such class or series of stock by such subdivision, combination or stock dividend. 
 6.11 Amendment and Restatement of Prior Rights Agreement. The Prior Rights Agreement is hereby amended in its entirety and restated herein. Such
amendment and restatement is effective upon the execution of the Agreement by the Company and the Required Holders. Upon such execution, all provisions of, rights granted and covenants made in the Prior Rights Agreement are hereby waived, released
and superseded in their entirety and shall have no further force and effect, including, without limitation, all rights of first refusal and any notice period associated therewith otherwise applicable to the transactions contemplated by the Purchase
Agreement. 
 6.12 Termination. Except as otherwise provided herein, the rights and obligations of an Investor pursuant to
Sections 3, 4 and 5 shall terminate at such time as that Investor shall no longer be the owner of any Registrable Securities. Unless sooner terminated in accordance with the preceding sentence, the obligations of the Company pursuant to
Sections 3, 4 and 5 shall terminate upon the occurrence of any of the following events: 
 (a) a Liquidation (as defined in the
Company’s Certificate of Incorporation, as amended from time to time); 
 (b) the execution by the Company of a general assignment for
the benefit of creditors or the appointment of a receiver or trustee to take possession of the property and assets of the Company; or 
 (c)
upon the closing of the Initial Public Offering. 
  

 24 

 [THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK] 
  

 25 

 IN WITNESS WHEREOF, the parties hereto have executed this Amended and Restated Investor Rights Agreement
as of the date and year first above written. 
  

			
	ENTROPIC COMMUNICATIONS, INC.
		
	By:	 	 /s/ Patrick Henry

		 	Patrick Henry
		 	Chief Executive Officer

  

 [ THIS IS A SIGNATURE PAGE TO ENTROPIC COMMUNICATIONS, INC.’S 
 THIRD AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT ] 

			
	INVESTORS:
	
	 ANTHEM VENTURES FUND, L.P.
 a Delaware limited Partnership

		
	By:	 	 /s/ Brian Mesic

	Name:	 	Brian Mesic
	Title:	 	Partner
	
	TIME WARNER INC.
		
	By:	 	 /s/ Rachel Lam

	Name:	 	Rachel Lam
	Title:	 	Vice President, Time Warner Investments
	
	 THE BOARD OF TRUSTEES OF THE
LELAND
 STANFORD JUNIOR UNIVERSITY – (SBST)

		
	By:	 	 /s/ Martina S. Poquer

	Name:	 	Martina S. Poquer
	Title:	 	Director Separate Investments Division
	
	SAINTS CAPITAL BELVEDERE, L.P.
		
	By:	 	 /s/ Kenneth Pereria

	Name:	 	Kenneth Pereria
	Title:	 	Authorized Signatory and CFO

  

 [ THIS IS A SIGNATURE PAGE TO ENTROPIC COMMUNICATIONS, INC.’S 
 THIRD AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT ] 

			
	CISCO SYSTEMS, INC.
		
	By:	 	 /s/ Ned Hooper

	Name:	 	Ned Hooper
	Title:	 	Vice President, Corporate Development

  

 [ THIS IS A SIGNATURE PAGE TO ENTROPIC COMMUNICATIONS, INC.’S 
 THIRD AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT ] 

			
	CMEA VENTURES INFORMATION TECHNOLOGY II, L.P.
		
	By:	 	 /s/ Thomas Baruch

	Name:	 	Thomas Baruch
	Title:	 	General Partner
	
	CMEA VENTURES INFORMATION TECHNOLOGY, II,
	Civil Law Partnership
		
	By:	 	 /s/ Thomas Baruch

	Name:	 	Thomas Baruch
	Title:	 	General Partner
	
	COMCAST INTERACTIVE CAPITAL, LP
	By:	 	Comcast CICG GP, Inc., its general partner
		
	By:	 	 /s/ Sandra W. Crowell

	Name:	 	 Sandra W. Crowell
  

	Title:	 	Assistant Secretary and Assistant Treasurer
	
	COX COMMUNICATIONS EBD HOLDINGS, INC.
		
	By:	 	 /s/ Mary Thigpen

	Name:	 	Mary Thigpen
	Title:	 	VP of Strategy
	
	DOW EMPLOYEES’ PENSION PLAN
	By:	 	Diamond Capital Management, Inc., as agent
		
	By:	 	 /s/ Kenneth J. Van Heel

	Name:	 	Kenneth J. Van Heel
	Title:	 	Director

  

 [ THIS IS A SIGNATURE PAGE TO ENTROPIC COMMUNICATIONS, INC.’S 
 THIRD AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT ] 

			
	ECHOSTAR TECHNOLOGIES CORPORATION
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	FOCUS VENTURES II, L.P.
	By:	 	Focus Ventures Partners II, LP
		
	By:	 	 /s/ James H. Boettcher

	Name:	 	James H. Boettcher
	Title:	 	General Partner
	
	FV INVESTORS II QP, L.P.
	By:	 	Focus Ventures Partners II, LP
		
	By:	 	 /s/ James H. Boettcher

	Name:	 	James H. Boettcher
	Title:	 	Officer
	
	FV INVESTORS II A, L.P.
	By:	 	Focus Ventures Partners II, LP
		
	By:	 	 /s/ James H. Boettcher

	Name:	 	James H. Boettcher
	Title:	 	Officer
	
	FREESCALE SEMICONDUCTOR, INC. AS
	SUCCESSOR-IN-INTEREST TO MOTOROLA, INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  

 [ THIS IS A SIGNATURE PAGE TO ENTROPIC COMMUNICATIONS, INC.’S 
 THIRD AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT ] 

			
	GCWF INVESTMENT PARTNERS II
	By:	 	GCWF Investments LLC, Managing Partners
	By:	 	Robert W. Ayling, Vice President
		
	By:	 	 /s/ Laurence Tannenbaum

	Name:	 	Laurence Tannenbaum
	Title:	 	Vice President
	
	INTEL CAPITAL CORPORATION
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	LIBERTY ASSOCIATED PARTNERS, LP
	By:	 	Associated Group, LLC
	Its:	 	General Partner
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	 MARCO J. & LAURA S. THOMPSON FAMILY
 TRUST DATED 2-22-99

		
	By:	 	 /s/ Marco J. Thompson

	Name:	 	Marco J. Thompson
	Title:	 	Trustee
	
	 /s/ Michael S. Bernath
  

	MICHAEL S. BERNATH

  

 [ THIS IS A SIGNATURE PAGE TO ENTROPIC COMMUNICATIONS, INC.’S 
 THIRD AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT ] 

			
	MATSUSHITA ELECTRIC INDUSTRIAL CO., LTD.
		
	By:	 	 /s/ Susumu Koike

	Name:	 	Susumu Koike
	Title:	 	Senior Managing Director
	
	MISSION VENTURES II, L.P.
	By:	 	Mission Ventures Management II, LLC
	Its:	 	General Partner
		
	By:	 	 /s/ Leo S. Spiegel

	Name:	 	Leo S. Spiegel
	Title:	 	General Member
	
	MISSION VENTURES AFFILIATES II, L.P.
	By:	 	Mission Ventures Management II, LLC
	Its:	 	General Partner
		
	By:	 	 /s/ Leo S. Spiegel

	Name:	 	Leo S. Spiegel
	Title:	 	General Member
	
	MOTOROLA, INC.
		
	By:	 	 /s/ Reese Schroder

	Name:	 	Reese Schroder
	Title:	 	Managing Director
	
	PAUL NIKOLICH AND LAURA NIKOLICH JTE
		
	By:	 	 /s/ Paul Nikolich

		 	Paul Nikolich
		
	By:	 	 /s/ Laura Nikolich

		 	Laura Nikolich

  

 [ THIS IS A SIGNATURE PAGE TO ENTROPIC COMMUNICATIONS, INC.’S 
 THIRD AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT ] 

			
	 /s/ Dennis Picker

	DENNIS PICKER
	
	 PAUL B. JOHNSON AND RENEE M. JOHNSON

 as Community Property

		
	By:	 	 /s/ Paul B. Johnson

		 	Paul B. Johnson
		
	By:	 	 /s/ Renee M. Johnson

		 	Renee M. Johnson
	
	RAGHAVAN LIVING TRUST DATED 11-20-98
		
	By:	 	 /s/ Sreen Raghavan

	Name:	 	Sreen Raghavan
	Title:	 	Trustee
	
	REDPOINT ASSOCIATES II, LLC
	By:	 	Redpoint Ventures II, LLC
	Its:	 	General Partner
		
	By:	 	 /s/ John Walecka

	Name:	 	John Walecka
	Title:	 	Managing Director
	
	REDPOINT TECHNOLOGY PARTNERS A-I, L.P.
	By:	 	Redpoint Ventures I, LLC
	Its:	 	General Partner
		
	By:	 	 /s/ John Walecka

	Name:	 	John Walecka
	Title:	 	Managing Director

  

 [ THIS IS A SIGNATURE PAGE TO ENTROPIC COMMUNICATIONS, INC.’S 
 THIRD AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT ] 

			
	REDPOINT TECHNOLOGY PARTNERS Q-I, L.P.
	By:	 	Redpoint Ventures I, LLC
	Its:	 	General Partner
		
	By:	 	 /s/ John Walecka

	Name:	 	John Walecka
	Title:	 	Managing Director
	
	REDPOINT VENTURES II, L.P.
	By:	 	Redpoint Ventures II, LLC
	Its:	 	General Partner
		
	By:	 	 /s/ John Walecka

	Name:	 	John Walecka
	Title:	 	Managing Director
	
	REVOLUTION CAPITAL 5.0 LLC
		
	By:	 	 /s/ Greg Mauro
  

	Name:	 	Greg Mauro
	Title:	 	Manager
	
	 /s/ Jun-Ichi Shibuta

	JUN-ICHI SHIBUTA
	
	 /s/ Young Gun Shin

	YOUNG GUN SHIN
	
	 /s/ Randy Socol

	RANDY SOCOL
	
	YAS BROADBAND VENTURES, LLC.
		
	By:	 	 /s/ Rouzbeh Yassini
  

	Name:	 	Rouzbeh Yassini
	Title:	 	President

  

 [ THIS IS A SIGNATURE PAGE TO ENTROPIC COMMUNICATIONS, INC.’S 
 THIRD AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT ] 

			
	MOTOTECH, INC.
		
	By:	 	 /s/ K.Y. Chou
  

	Name:	 	K.Y. Chou
	Title:	 	  

	
	VERIZON INVESTMENTS INC.
		
	By:	 	 /s/ Janet M. Garrity
  

	Name:	 	Janet M. Garrity
	Title:	 	President and Treasurer
	
	 /s/ Mark Lehberg
  

	MARK LEHBERG

  

 [ THIS IS A SIGNATURE PAGE TO ENTROPIC COMMUNICATIONS, INC.’S 
 THIRD AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT ] 

			
	GRANITE VENTURES, L.P.
	By:	 	Granite Management, LLC
	Its:	 	General Partner
		
	By:	 	 /s/ Jackie Berterretche

	Name:	 	Jackie Berterretche
	Title:	 	Attorney-in-Fact
	
	TI VENTURES III, L.P.
	By:	 	TI Ventures Management III, LLC
	Its:	 	General Partner
		
	By:	 	 /s/ Jackie Berterretche

	Name:	 	Jackie Berterretche
	Title:	 	Attorney-in-Fact
	
	TODD U.S. VENTURES, LLC
	By:	 	H&Q Todd Ventures Management, LLC
	Its:	 	Member
		
	By:	 	 /s/ Jackie Berterretche

	Name:	 	Jackie Berterretche
	Title:	 	Attorney-in-Fact

  

 [ THIS IS A SIGNATURE PAGE TO ENTROPIC COMMUNICATIONS, INC.’S 
 THIRD AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT ] 

			
	CONEXANT SYSTEMS, INC.
		
	By	 	 /s/ Scott Blouin

		 	Scott Blouin, Sr. Vice President
		 	Chief Accounting Officer

  

 [ THIS IS A SIGNATURE PAGE TO ENTROPIC COMMUNICATIONS, INC.’S 
 THIRD AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT ] 

			
	REVOLUTION CAPITAL, LLC
		
	By	 	 /s/ Gregory Mauro

		 	Gregory Mauro, Manager

  

 [ THIS IS A SIGNATURE PAGE TO ENTROPIC COMMUNICATIONS, INC.’S 
 THIRD AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT ] 

			
	ECHOSTAR COMMUNICATIONS CORPORATION
		
	By	 	 /s/ David Moskowitz

		 	David Moskowitz, Senior Vice President
		 	and General Counsel

  

 [ THIS IS A SIGNATURE PAGE TO ENTROPIC COMMUNICATIONS, INC.’S 
 THIRD AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT ] 

			
	INVEST, INC.
		
	By:	 	  
  

	Name:	 	  

	Title:	 	  

  

 [ THIS IS A SIGNATURE PAGE TO ENTROPIC COMMUNICATIONS, INC.’S 
 THIRD AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT ] 

			
	STMICROELECRONICS, N.V.
		
	By	 	 /s/ Philippe Geyres

	Name:	 	Philippe Geyres
	Title:	 	Corporate Vice President

  

 [ THIS IS A SIGNATURE PAGE TO ENTROPIC COMMUNICATIONS, INC.’S 
 THIRD AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT ] 

			
	HAMILTON APEX TECHNOLOGY VENTURES, L.P.
	By:	 	Hamilton Apex Management Partners, LLC, General Partner
		
	By	 	 /s/ Paul Bouchard

	Name:	 	Paul Bouchard, Member

  

 [ THIS IS A SIGNATURE PAGE TO ENTROPIC COMMUNICATIONS, INC.’S 
 THIRD AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT ] 

			
	WAYPOINT VENTURE PARTNERS I, L.P.
	By:	 	Waypoint Ventures, L.L.C., General Partner
		
	By	 	 /s/ Marc Weiser

	Name:	 	Marc Weiser
	Title:	 	President

  

 [ THIS IS A SIGNATURE PAGE TO ENTROPIC COMMUNICATIONS, INC.’S 
 THIRD AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT ] 

			
	FINAFUND I (USA), L.P.
	By:	 	Finafund I Management Company, Ltd.
	Its:	 	General Partner
		
	By	 	 /s/ Rachid Sefrioui

	Name:	 	Rachid Sefrioui
	Title:	 	Managing Director

  

 [ THIS IS A SIGNATURE PAGE TO ENTROPIC COMMUNICATIONS, INC.’S 
 THIRD AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT ] 

			
	CONVERGENCE TECH VENTURE II, LIMITED
		
	By	 	 /s/ David Chung

	Name:	 	David Chung
	Title:	 	General Partner
	
	TAIWAN SPECIAL OPPORTUNITIES FUND III
		
	By	 	 /s/ T.J. Huang

	Name:	 	T.J. Huang
	Title:	 	Director
	
	VLG INVESTMENTS LLC
		
	 By
	 	 /s/ Mark Royer

	 Name:
	 	Mark Royer
	 Title:
	 	Fund Manager
	
	REVOLUTION CAPITAL 6.0 LLC
		
	 By
	 	 /s/ Greg Mauro

	 Name:
	 	Greg Mauro
	 Title:
	 	Manager
	
	ROCKET VENTURES LLC
		
	 By
	 	  

	 Name:
	 	
	 Title:
	 	

  

 [ THIS IS A SIGNATURE PAGE TO ENTROPIC COMMUNICATIONS, INC.’S 
 THIRD AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT ] 

	
	 /s/ Gregory F. Halik

	GREGORY F. HALIK
	
	 /s/ Joseph A. Casali, Jr. Revocable Trust

	JOSEPH A. CASALI, JR. REVOCABLE TRUST
	
	 /s/ Earle Family Trust

	EARLE FAMILY TRUST
	
	 /s/ Ladd El Wardani

	LADD EL WARDANI
	
	 /s/ Greg Bonfiglio

	GREG BONFIGLIO
	
	 /s/ Todd Jerry

	TODD JERRY
	
	 /s/ Claudia Llanos

	CLAUDIA LLANOS
	
	 /s/ Brian Mesic

	BRIAN MESIC
	
	 /s/ Alex Rubalcava

	ALEX RUBALCAVA

  

 [ THIS IS A SIGNATURE PAGE TO ENTROPIC COMMUNICATIONS, INC.’S 
 THIRD AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT ] 

	
	 /s/ Bill Woodward

	BILL WOODWARD
	
	 /s/ Itzhak Gurantz

	ITZHAK GURANTZ
	
	 /s/ Gregory & Carol Halik

	GREGORY & CAROL HALIK
	
	 /s/ Gregory J. Ikohen

	GREGORY J. IKOHEN
	
	 /s/ Tae Hea Nahm

	TAE HEA NAHM
	
	 /s/ George Eisler

	GEORGE EISLER

  

 [ THIS IS A SIGNATURE PAGE TO ENTROPIC COMMUNICATIONS, INC.’S 
 THIRD AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT ] 

			
	WARRANT HOLDERS
	
	HORIZON TECHNOLOGY FUNDING COMPANY II LLC
	By:	 	Horizon Technology Finance, LLC, its sole member
		
	By:	 	 /s/ Robert D. Pomeroy, Jr.

	Name:	 	Robert D. Pomeroy, Jr.
	Title:	 	Managing Member
	
	SILICON VALLEY BANK
		
	By:	 	 /s/ Norman Cutler

	Name:	 	Norman Cutler
	Title:	 	Derivatives Manager
	
	LIGHTHOUSE CAPITAL PARTNERS V, LP
	By:	 	
		
	By:	 	  

	Name:	 	
	Title:	 	

  

 [ THIS IS A SIGNATURE PAGE TO ENTROPIC COMMUNICATIONS, INC.’S 
 THIRD AMENDED AND RESTATED INVESTOR RIGHTS AGREEMENT ] 

 EXHIBIT A 
 Schedule of Investors 
 Holders of Series A Preferred Stock 
 Time Warner Inc. (formerly AOL Time Warner Inc.) 
 CMEA Ventures Information
Technology II, L.P. 
 CMEA Ventures Information Technology, II, Civil Law Partnership 
 Mission Ventures II, L.P. 
 Mission Ventures Affiliates II, L.P. 
 Redpoint Associates II, LLC 
 Redpoint Technology Partners A-I, L.P.

 Redpoint Technology Partners O-I, L.P. 
 Redpoint Ventures II,
L.P. 
 YAS Broadband Ventures, LLC 
 Paul Nikolich and Laura
Nikolich JTE 
 Dennis Picker 
 Revolution Capital 5.0 LLC

 Liberty Associated Partners, LP 
 The Board of Trustees of the
Leland Stanford Junior University – (SBST) 
 Michael S. Bernath 
 Young Gun Shin 
 Raghavan Living Trust Dated 11-20-98, Sreenivasa A. Raghavan & Marta R. Raghavan, Trustees 
 Marco J. & Laura S. Thompson Family Trust dated February 22, 1999 
 GCWF Investment Partners II 
 Jun-ichi Shibuta 
 Paul B.
Johnson and Renee M. Johnson as Community Property 
 Randy L. Socol 
 Holders of Series B Preferred Stock 
 Anthem Ventures Fund, L.P. 
 Time Warner Inc. (formerly AOL Time Warner Inc.) 
 Saints Capital Belvedere, L.P. 
 Cisco Systems, Inc. 
 CMEA Ventures Information Technology II, L.P.

 CMEA Ventures Information Technology, II, Civil Law Partnership 
 Comcast Interactive Capital, LP 
 Cox Communications EDB Holdings, Inc. 
 EchoStar Technologies Corporation 
 Freescale Semiconductor, Inc. 
 GCWF Investment Partners II, LP 
 Intel Capital Corporation 

 Matsushita Electric Industrial Co, Ltd. 
 Mission Ventures II, L.P. 
 Mission Ventures Affiliates II, L.P. 
 Motorola, Inc. 
 Redpoint Associates II, LLC 
 Redpoint Ventures II, L.P. 
 Revolution Capital 5.0 LLC 
 The Dow Employees’ Pension Plan 
 YAS Broadband Ventures, LLC 

Mark Lehberg 
 Randy L. Socol 
 Holders of Series C Preferred Stock 
 Anthem Ventures Fund, L.P.

 Time Warner Inc. (formerly AOL Time Warner Inc.) 
 Cisco
Systems, Inc. 
 CMEA Ventures Information Technology II, L.P. 
 CMEA Ventures Information Technology, II, Civil Law Partnership 
 Comcast Interactive Capital, LP 
 EchoStar Technologies Corporation 
 Focus Ventures II, LP 
 FV Investors II QP, L.P. 
 FV Investors A, L.P. 
 Intel Capital Corporation 
 Matsushita Electric Industrial Co, Ltd.

 Mission Ventures II, L.P. 
 Mission Ventures Affiliates II,
L.P. 
 Motorola, Inc. 
 Mototech, Inc. 
 Redpoint Associates II, LLC 
 Redpoint Ventures II, L.P. 
 The Dow Employees’ Pension Plan 
 Verizon Investments Inc. 
 YAS Broadband Ventures, LLC 
 Holders of Series D Preferred Stock 

 Granite Ventures, L.P. 
 TI Ventures III, L.P. 
 Todd U.S. Ventures, LLC 
 CMEA Ventures Information Technology II, L.P.

 Cmea Ventures Information Technology II, Civil Law Partnership 
 Anthem/CIC Ventures Fund, L.P. 
 Conexant Systems, Inc. 
 Revolution Capital, LLC 

 Echostar Communications Corporation 
 Invest, Inc. 
 Stmicroelecronics, N.V. 
 Hamilton Apex
Technology Ventures, L.P. 
 Waypoint Venture Partners I, L.P. 
 Finafund I (USA), L.P. 
 Gregory F. Halik 
 Convergence
Tech Venture II, Limited 
 Taiwan Special Opportunities Fund III 
 Comcast Interactive Capital, L.P. 
 Joseph A. Casali, Jr. Revocable Trust 
 Earle Family Trust 
 Ladd El Wardani 
 Greg Bonfiglio 
 Todd Jerry 
 Claudia Llanos 

Brian Mesic 
 Alex Rubalcava 
 Bill Woodward 
 Itzhak Gurantz 
 Gregory & Carol Halik 
 Gregory J. Ikohen 
 Tae Hea Nahm 
 George Eisler 
 VLG Investments LLC 
 Revolution Capital 6.0 LLC 
 Rocket Ventures LLC 

 CONVERSION, TERMINATION AND AMENDMENT AGREEMENT 
 THIS CONVERSION, TERMINATION AND AMENDMENT
AGREEMENT (this “Agreement”) is made and entered into as of October 8, 2007, by and among ENTROPIC COMMUNICATIONS, INC., a Delaware
corporation (the “Company”), and the parties who are signatories hereto (the “Stockholders”). 
 RECITALS 
 WHEREAS, the Company is contemplating the consummation of a
firm commitment underwritten initial public offering (an “IPO”) of the Company’s Common Stock (the “Common Stock”); 
 WHEREAS, the Stockholders are holders of shares of the Company’s Series A Preferred Stock (“Series A Preferred”), Series B Preferred Stock (“Series B
Preferred”), Series C Preferred Stock (“Series C Preferred”), Series D-1 Preferred Stock (“Series D-1 Preferred”), Series D-2 Preferred Stock (“Series D-2
Preferred”), and Series D-3 Preferred Stock (“Series D-3 Preferred” and collectively with the Series D-1 Preferred and Series D-2 Preferred, the “Series D Preferred”; the Series A
Preferred, Series B Preferred, Series C Preferred and Series D Preferred are collectively referred to as the “Preferred Stock”); 
 WHEREAS, pursuant to the Company’s Fifth Amended and Restated Certificate of Incorporation (the “Charter”), each share of Preferred Stock shall
automatically be converted into Common Stock at the then effective Conversion Rate (as defined in the Charter) immediately upon (i) the closing of a firm commitment underwritten public offering pursuant to an effective registration statement
under the Securities Act of 1933, as amended, covering the offer and sale of Common Stock (other than a registration on Form S-8, Form S-4 or comparable or successor forms), with aggregate gross proceeds (prior to underwriters’ commissions and
expenses) to the Company of more than $20,000,000 and a per share price of not less than three times the Original Series C Price (as defined in the Charter) (a “Qualified IPO”) or (ii) the written consent of the holders
of more than 75% of the outstanding shares of Preferred Stock, voting together as a single class on an as-converted basis; 
 WHEREAS, the Stockholders constitute the holders of more than 75% of the outstanding shares of Preferred Stock, voting together as a single class on an as-converted basis; 
 WHEREAS, the Company and the Stockholders, among others, are parties to a Fourth Amended and Restated Right of First Refusal and
Co-Sale Agreement effective as of June 30, 2007 (the “Co-Sale Agreement”), and an Amended and Restated Voting Agreement effective as of June 30, 2007 (the “Voting Agreement”), each of which
automatically terminates upon the closing of a Qualified IPO; 
 WHEREAS, the Co-Sale Agreement may also be terminated
by a written instrument executed by the Company and the Special Holders (as defined in the Co-Sale Agreement) holding a majority of all shares of Preferred Stock held by all Special Holders; and the Voting Agreement may also be terminated by the
written consent of a majority in interest of the issued and outstanding Series A Preferred, a majority in interest of the issued and outstanding Series B Preferred, a majority in interest of the issued and outstanding Series C Preferred, a majority
in interest of the issued and outstanding Series D Preferred and a majority in interest of the issued and outstanding Key Holder Shares (as defined in the Voting Agreement); 
 WHEREAS, the Stockholders hold a requisite percentage of the Company’s securities needed to terminate the Co-Sale Agreement
and the Voting Agreement, as provided in the preceding recital; 

 WHEREAS, in order to eliminate any uncertainty or delay with respect to the
conversion of the Preferred Stock and the termination of the Co-Sale Agreement and the Voting Agreement in connection with the IPO in the event it does not constitute a Qualified IPO, the Stockholders desire to provide that in the event the final
“price to public” for the IPO is authorized and approved by the Board or the Pricing Committee of the Board, then effective immediately prior to the closing of the IPO, (i) each share of Preferred Stock then outstanding shall be
automatically converted into Common Stock and (ii) the Co-Sale Agreement and Voting Agreement shall automatically terminate, all as more fully set forth herein; 
 WHEREAS, certain of the Stockholders are parties to letter agreements with the Company (the “Observer Letters”) pursuant to which, among other things, the Company granted
such Stockholders the right, subject to certain limitations, to have a representative of such Stockholder attend meetings of the Company’s Board of Directors (the “Board”) in a non-voting observer capacity, certain of
which agreements automatically terminate upon the closing of an IPO that meets specified gross proceeds and per share price thresholds; 
 WHEREAS, in order to eliminate any uncertainty or delay with respect to the termination of the Observer Letters in connection with the IPO, such as in the event it does not meet the gross proceeds and per share price
thresholds set forth in certain of the Observer Letters, each Stockholder that is a party to an Observer Letter desires to provide that in the event the final “price to public” for the IPO is authorized and approved by the Board or the
Pricing Committee of the Board, then effective immediately prior to the closing of the IPO, such Observer Letter shall automatically terminate, all as more fully set forth herein; 
 WHEREAS, the Company and certain of the Stockholders, among others, are parties to a Third Amended and Restated Investor Rights
Agreement effective as of June 30, 2007 (the “Rights Agreement”), Section 4 of which provides for a right of first refusal of the Company and certain Investors (as defined in the Rights Agreement) with respect to
certain transfers of capital stock of the Company by any Investor; 
 WHEREAS, the Rights Agreement may be amended with
the written consent of the Company and Investors (and/or any of their permitted successors or assigns) holding a majority of the Registrable Securities Then Outstanding (as defined in the Rights Agreement); 
 WHEREAS, the Stockholders hold a requisite percentage of the Company’s securities needed to amend the Rights Agreement, as
provided in the preceding recital; and 
 WHEREAS, the Company and the Stockholders desire to provide that in the event
the final “price to public” for the IPO is authorized and approved by the Board or the Pricing Committee of the Board, then effective immediately prior to the closing of the IPO, the obligations of each Investor under Section 4 of the
Rights Agreement shall automatically terminate, all as more fully set forth herein. 
 AGREEMENT 
 NOW, THEREFORE, the parties to this Agreement, for good and valuable consideration, the receipt and
sufficiency of which is acknowledged and agreed, hereby agree as follows: 
 1. Conversion. The Stockholders that are holders
of Preferred Stock hereby agree, on behalf of themselves and all other holders of Preferred Stock, that effective immediately prior to the closing of an IPO the final “price to public” for which is authorized and approved by the Board or
the Pricing Committee of the Board (an “Approved IPO”), each share of Preferred Stock then outstanding shall automatically be converted into Common Stock at the then effective Conversion Rate (as defined in the Charter).

 2. Termination of Co-Sale Agreement, Voting Agreement and Observer Letters. The Company and
the Stockholders hereby agree, on behalf of themselves and all other parties to the Co-Sale Agreement and the Voting Agreement, that effective immediately prior to the closing of an Approved IPO, each of the Co-Sale Agreement and the Voting
Agreement shall automatically terminate in its entirety and be of no further force and effect. In addition, the Company and each Stockholder that is a party to an Observer Letter hereby agree that effective immediately prior to the closing of an
Approved IPO, such Observer Letter shall automatically terminate in its entirety and be of no further force and effect. 
 3. Amendment of
Rights Agreement. The Company and the Stockholders that are parties to the Rights Agreement hereby agree, on behalf of themselves and all other parties to the Rights Agreement, that effective immediately prior to the closing of an
Approved IPO, the obligations of each Investor under Section 4 of the Rights Agreement shall automatically terminate in their entirety and be of no further force and effect. 
 4. Sunset. Notwithstanding anything to the contrary set forth herein, this Agreement and all obligations hereunder shall terminate at 11:59
p.m. Eastern time on December 31, 2007, if the closing of an Approved IPO has not occurred prior to such time; provided, however, that the Company may, by written notice to the Stockholders prior to November 30, 2007, extend such date for
a period of up to an additional three months. 
 5. Miscellaneous. 
 (a) Entire Agreement; Binding Effect. This Agreement constitutes the entire agreement of the parties hereto related to the
subject matter hereof, and supersedes all prior agreements between the parties, whether written or oral, related to such subject matter. The terms and conditions of this Agreement shall inure to the benefit of and be binding upon the respective
successors and assigns of the parties. 
 (b) Amendment; Waiver. Neither this Agreement nor any term hereof may
be amended, waived, discharged or terminated other than by a written instrument signed by the party against whom enforcement of such amendment, waiver, discharge or termination is sought. 
 (c) Governing Law; Venue. This Agreement shall be governed by and construed under the laws of the State of California as
applied to agreements among California residents, made and to be performed entirely within the State of California. 
 (d) Counterparts; Facsimile. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Facsimile signatures
shall be as effective as original signatures. 
 (e) Further Assurances. Each party hereto agrees to execute and
deliver, or cause to be executed and delivered, such further instruments or documents or take such other actions as may be reasonably necessary to consummate the transactions contemplated by this Agreement. 
 [REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] 

 IN WITNESS WHEREOF, the parties hereto
have executed this CONVERSION, TERMINATION AND AMENDMENT AGREEMENT as of the date first written above. 
  

			
	COMPANY:
	
	ENTROPIC COMMUNICATIONS, INC.
		
	By:	 	/s/ Patrick Henry
		 	Patrick Henry, Chief Executive Officer

	
	
	/s/ Itzhak Gurantz
	ITZHAK GURANTZ

	
	
	/s/ Anton Monk
	ANTON MONK

	
	
	/s/ Mark Foley
	MARK FOLEY

			
	ANTHEM VENTURES FUND, L.P.
	a Delaware limited Partnership
		
	By:	 	/s/ [Illegible]
	Name:	 	
	Title:	 	

			
	 THE BOARD OF TRUSTEES OF THE
LELAND
 STANFORD JUNIOR UNIVERSITY – (SBST)

		
	By:	 	/s/ Martina S. Poquet
	Name:	 	Martina S. Poquet
	Title:	 	Separate Investments Division

			
	CISCO SYSTEMS, INC.
		
	By:	 	/s/ Ned Hooper
	Name:	 	Ned Hooper
	Title:	 	SVP, Corporate Development

			
	 CMEA VENTURES INFORMATION TECHNOLOGY II,
 L.P.

		
	By:	 	/s/ Thomas R. Baruch
	Name:	 	Thomas R. Baruch
	Title:	 	General Partner
	
	CMEA VENTURES INFORMATION TECHNOLOGY, II,
	Civil Law Partnership
		
	By:	 	/s/ Thomas R. Baruch
	Name:	 	Thomas R. Baruch
	Title:	 	General Partner

			
	DOW EMPLOYEES’ PENSION PLAN
	By: Diamond Capital Management, Inc., as Agent
		
	By:	 	/s/ Kenneth J. Van Heel
	Name:	 	Kenneth J. Van Heel
	Title:	 	President

			
	ECHOSTAR COMMUNICATIONS CORPORATION
		
	By:	 	/s/ Mark Jackson
	Name:	 	Mark Jackson
	Title:	 	President E.T.C.

			
	FOCUS VENTURES II, L.P.
	By: Focus Ventures Partners II, LP
		
	By:	 	/s/ Steven P. Bird
	Name:	 	Steven P. Bird
	Title:	 	General Partner of the General Partner
	
	FV INVESTORS II QP, L.P.
	By: Focus Management, Inc., its General Partner
		
	By:	 	/s/ Steven P. Bird
	Name:	 	Steven P. Bird
	Title:	 	Officer
	
	FV INVESTORS II A, L.P.
	By: Focus Management, Inc., its General Partner
		
	By:	 	/s/ Steven P. Bird
	Name:	 	Steven P. Bird
	Title:	 	Officer

			
	 FREESCALE SEMICONDUCTOR, INC. AS
   SUCCESSOR-IN-INTEREST TO MOTOROLA, INC.

		
	By:	 	/s/ Sumit Sadana
	Name:	 	Sumit Sadana
	Title:	 	SVP, Strategy & Services Dir.

			
	GCWF INVESTMENT PARTNERS II
	By: GCWF Investments LLC, Managing Partners
	By: James M. Koshland, President
		
	By:	 	/s/ James M. Koshland
	Name:	 	James M. Koshland
	Title:	 	President

			
	 MARCO J. & LAURA S. THOMPSON FAMILY
TRUST
 DATED 2-22-99

		
	By:	 	/s/ Marco J. Thompson
	Name:	 	Marco J. Thompson
	Title:	 	Trustee

	
	
	/s/ Michael S. Bernath
	MICHAEL S. BERNATH

			
	MISSION VENTURES II, L.P.
	By: Mission Ventures Management II, LLC
	Its: General Partner
		
	By:	 	/s/ Leo S. Spiegel
	Name:	 	Leo S. Spiegel
	Title:	 	General Member
	
	MISSION VENTURES AFFILIATES II, L.P.
	By: Mission Ventures Management II, LLC
	Its: General Partner
		
	By:	 	/s/ Leo S. Spiegel
	Name:	 	Leo S. Spiegel
	Title:	 	General Member

			
	PAUL NIKOLICH AND LAURA NIKOLICH JTE
		
	By:	 	/s/ Paul Nikolich
		 	Paul Nikolich
		
	By:	 	/s/ Laura Nikolich
		 	Laura Nikolich

	
	
	/s/ Dennis Picker
	DENNIS PICKER

			
	RAGHAVAN LIVING TRUST DATED 11-20-98
		
	By:	 	/s/ Sreen Raghavan
	Name:	 	Sreen Raghavan
	Title:	 	Trustee

			
	REDPOINT ASSOCIATES II, LLC
	By: Redpoint Ventures II, LLC
	Its: General Partner
		
	By:	 	/s/ John Walecka
	Name:	 	John Walecka
	Title:	 	Managing Director
	
	REDPOINT TECHNOLOGY PARTNERS A-I, L.P.
	By: Redpoint Ventures I, LLC
	Its: General Partner
		
	By:	 	/s/ John Walecka
	Name:	 	John Walecka
	Title:	 	Managing Director
	
	REDPOINT TECHNOLOGY PARTNERS Q-I, L.P.
	By: Redpoint Ventures I, LLC
	Its: General Partner
		
	By:	 	/s/ John Walecka
	Name:	 	John Walecka
	Title:	 	Managing Director
	
	REDPOINT VENTURES II, L.P.
	By: Redpoint Ventures II, LLC
	Its: General Partner
		
	By:	 	/s/ John Walecka
	Name:	 	John Walecka
	Title:	 	Managing Director

			
	REVOLUTION CAPITAL LLC
		
	By:	 	/s/ Gregory Mauro
	Name:	 	Gregory Mauro
	Title:	 	Manager
	
	REVOLUTION CAPITAL LLC
		
	By:	 	/s/ Gregory Mauro
	Name:	 	Gregory Mauro
	Title:	 	Manager
	
	REVOLUTION CAPITAL, LLC
		
	By	 	/s/ Gregory Mauro
		 	Gregory Mauro, Manager

	
	
	/s/ Jun-ichi Shibuta
	JUN-ICHI SHIBUTA

	
	
	/s/ Randy Socol
	RANDY SOCOL

			
	MOTOTECH CORPORATION
		
	By:	 	/s/ K.Y. Chou
	Name:	 	K.Y. Chou
	Title:	 	President

	
	
	/s/ Mark Lehberg
	MARK LEHBERG

			
	YAS BROADBAND VENTURES, LLC
		
	By:	 	/s/ Rouzbeh Yassini-[illegible]
	Name:	 	Rouzbeh Yassini-[illegible]
	Title:	 	Manager

			
	GRANITE VENTURES, L.P.
	By: Granite Management, LLC
	Its: General Partner
		
	By:	 	/s/ Jackie Berterretche
	Name:	 	Jackie Berterretche
	Title:	 	Attorney-in-Fact
	
	TI VENTURES III, L.P.
	By: TI Ventures Management III, LLC
	Its: General Partner
		
	By:	 	/s/ Jackie Berterretche
	Name:	 	Jackie Berterretche
	Title:	 	Attorney-in-Fact
	
	TODD U.S. VENTURES, LLC
	By: H&Q Todd Ventures Management, LLC
	Its: Member
		
	By:	 	/s/ Jackie Berterretche
	Name:	 	Jackie Berterretche
	Title:	 	Attorney-in-Fact

			
	CONEXANT SYSTEMS, INC.
		
	By:	 	/s/ Jasmina T. Boulanger
	Name:	 	Jasmina T. Boulanger
	Title:	 	Assistant Secretary

			
	INVEST, INC.
		
	By:	 	/s/ Scott Ogilvie
	Name:	 	Scott Ogilvie
	Title:	 	Asst. Secretary

			
	 HAMILTON BIOVENTURES, L.P.
 HAMILTON BIOVENTURES PARTNERS, LLC

		
	By:	 	/s/ Richard J. Crosby
	Name:	 	Richard J. Crosby
	Title:	 	Managing Director

			
	WAYPOINT VENTURE PARTNERS I, L.P.
	By: Waypoint Ventures, L.L.C., General Partner
		
	By:	 	/s/ Mark Weiser
	Name:	 	Mark Weiser
	Title:	 	President, Waypoint Ventures LLC

			
	FINAFUND I (USA), L.P.
	By: Finafund I Management Company, Ltd.
	Its: General Partner
		
	By:	 	/s/ Rachid Sefrioui
	Name:	 	Rachid Sefrioui
	Title:	 	Managing Director

			
	CONVERGENCE TECH VENTURE II, LIMITED
		
	By:	 	/s/ [Illegible]
	Name:	 	[Illegible]
	Title:	 	General Partner

			
	TAIWAN SPECIAL OPPORTUNITIES FUND III
		
	By:	 	/s/ T. J. Huang
	Name:	 	T. J. Huang
	Title:	 	Director

			
	VLG INVESTMENTS LLC
		
	By:	 	/s/ Mark Royer
	Name:	 	Mark Royer
	Title:	 	Fund Manager

	
	
	/s/ Gregory F. Halik
	GREGORY F. HALIK

	
	
	/s/ Joseph A. Casali, Jr., Trustee
	JOSEPH A. CASALI, JR. REVOCABLE TRUST

	
	
	/s/ Kenneth [illegible] Earle
	EARLE FAMILY TRUST

	
	
	/s/ Greg Bonfiglio
	GREG BONFIGLIO

	
	
	/s/ Brian Mesic
	BRIAN MESIC

	
	
	/s/ Gregory Halik         /s/ Carol Halik
	GREGORY & CAROL HALIK

	
	
	/s/ George Eisler
	GEORGE EISLER

			
	SVB FINANCIAL GROUP (Warrant Holder)
		
	By:	 	/s/ Norman Cutler
	Name:	 	Norman Cutler
	Title:	 	Derivatives Manager

			
	LIGHTHOUSE CAPITAL PARTNERS V, LP
	By: Lighthouse Management Partners V, L.L.C.
	Its: General Partner
		
	By:	 	/s/ Darren Haggerty
	Name:	 	Darren Haggerty
	Title:	 	Director of Portfolio Analysis2007 Equity Incentive Plan and Form of Option Agreement and Option Grant Notice

 Exhibit 10.4 
 ENTROPIC COMMUNICATIONS, INC. 
 2007
EQUITY INCENTIVE PLAN 
 APPROVED BY THE
BOARD: JULY 24, 2007 
 APPROVED BY THE
STOCKHOLDERS: OCTOBER 8, 2007 
 TERMINATION DATE:
JULY 23, 2017 
 1. GENERAL. 
 (a) Successor to Prior Plans. The Plan is intended as the successor to the Company’s 2001 Stock Option Plan and the RF Magic, Inc. 2000 Incentive Stock Plan (together, the “Prior
Plans”). Following the Effective Date, no additional stock awards shall be granted under the Prior Plans. Any shares remaining available for issuance pursuant to the exercise of options or settlement of stock awards under the Prior
Plans shall become available for issuance pursuant to Stock Awards granted hereunder, as provided in Section 3(a) hereof. Any shares subject to outstanding stock awards granted under the Prior Plans that expire or terminate for any reason prior
to exercise or settlement shall become available for issuance pursuant to Stock Awards granted hereunder. All outstanding stock awards granted under the Prior Plans shall remain subject to the terms of the Prior Plans with respect to which they were
originally granted. 
 (b) Eligible Award Recipients. The persons eligible to receive Awards are Employees, Directors and Consultants.

 (c) Available Awards. The Plan provides for the grant of the following Awards: (i) Incentive Stock Options,
(ii) Nonstatutory Stock Options, (iii) Restricted Stock Awards, (iv) Restricted Stock Unit Awards, (v) Stock Appreciation Rights, (vi) Performance Stock Awards, (vii) Performance Cash Awards, and (viii) Other Stock
Awards. 
 (d) Purpose. The Company, by means of the Plan, seeks to secure and retain the services of the group of persons eligible to
receive Awards as set forth in Section 1(b), to provide incentives for such persons to exert maximum efforts for the success of the Company and any Affiliate, and to provide a means by which such eligible recipients may be given an opportunity
to benefit from increases in value of the Common Stock through the granting of Stock Awards. 
 2. ADMINISTRATION. 
 (a) Administration by Board. The Board shall administer the Plan unless and until the Board delegates administration of the Plan to a Committee or
Committees, as provided in Section 2(c). 
 (b) Powers of Board. The Board shall have the power, subject to, and within the
limitations of, the express provisions of the Plan: 
 (i) To determine from time to time (A) which of the persons eligible under
the Plan shall be granted Awards; (B) when and how each Award shall be granted; (C) what type or combination of types of Awards shall be granted; (D) the provisions of each Award granted (which need not be identical), including the
time or times when a person shall be permitted to receive cash or Common Stock pursuant to a Stock Award; and (E) the number of shares of Common Stock with respect to which a Stock Award shall be granted to each such person. 
  

 1. 

 (ii) To construe and interpret the Plan and Awards granted under it, and to establish, amend and
revoke rules and regulations for its administration. The Board, in the exercise of this power, may correct any defect, omission or inconsistency in the Plan or in any Stock Award Agreement or in the written terms of a Performance Cash Award, in a
manner and to the extent it shall deem necessary or expedient to make the Plan or Award fully effective. 
 (iii) To settle all
controversies regarding the Plan and Awards granted under it. 
 (iv) To accelerate the time at which a Stock Award may first be
exercised or the time during which an Award or any part thereof will vest in accordance with the Plan, notwithstanding the provisions in the Award stating the time at which it may first be exercised or the time during which it will vest. 

(v) To effect, at any time and from time to time, with the consent of any adversely affected Participant, (1) the reduction of the
exercise price of any outstanding Option or the strike price of any outstanding Stock Appreciation Right; (2) the cancellation of any outstanding Option or Stock Appreciation Right and the grant in substitution therefor of (a) a new Option
or Stock Appreciation Right under the Plan or another equity plan of the Company covering the same or different number of shares of Common Stock, (b) a Restricted Stock Award, (c) a Restricted Stock Unit Award, (d) an Other Stock
Award, (e) cash, and/or (f) other valuable consideration as determined by the Board in its sole discretion; or (3) any other action that is treated as a repricing under generally accepted accounting principles. 
 (vi) To suspend or terminate the Plan at any time. Suspension or termination of the Plan shall not impair rights and obligations under any Stock
Award granted while the Plan is in effect except with the written consent of the affected Participant. 
 (vii) To amend the Plan in
any respect the Board deems necessary or advisable, including, without limitation, relating to Incentive Stock Options and certain nonqualified deferred compensation under Section 409A of the Code and/or to bring the Plan or Stock Awards
granted under the Plan into compliance therewith, subject to the limitations, if any, of applicable law. However, except as provided in Section 9(a) relating to Capitalization Adjustments, stockholder approval shall be required for any
amendment of the Plan that either (A) materially increases the number of shares of Common Stock available for issuance under the Plan, (B) materially expands the class of individuals eligible to receive Awards under the Plan,
(C) materially increases the benefits accruing to Participants under the Plan or materially reduces the price at which shares of Common Stock may be issued or purchased under the Plan, (D) materially extends the term of the Plan, or
(E) expands the types of Awards available for issuance under the Plan, but in each of (A) through (E) only to the extent required by applicable law or listing requirements. Except as provided above, rights under any Award granted
before amendment of the Plan shall not be impaired by any amendment of the Plan unless (1) the Company requests the consent of the affected Participant, and (2) such Participant consents in writing. 
  

 2. 

 (viii) To submit any amendment to the Plan for stockholder approval, including, but not limited
to, amendments to the Plan intended to satisfy the requirements of (A) Section 162(m) of the Code and the regulations thereunder regarding the exclusion of performance-based compensation from the limit on corporate deductibility of
compensation paid to Covered Employees, (B) Section 422 of the Code regarding Incentive Stock Options, or (C) Rule 16b-3. 
 (ix) To approve forms of Award Agreements for use under the Plan and to amend the terms of any one or more Awards, including, but not limited to, amendments to provide terms more favorable than previously provided in the Award
Agreement, subject to any specified limits in the Plan that are not subject to Board discretion; provided however, that a Participant’s rights under any Award shall not be impaired by any such amendment unless (A) the Company
requests the consent of the affected Participant, and (B) such Participant consents in writing. Notwithstanding the foregoing, subject to the limitations of applicable law, if any, the Board may amend the terms of any one or more Awards without
the affected Participant’s consent if necessary to maintain the qualified status of the Award as an Incentive Stock Option or to bring the Award into compliance with Section 409A of the Code and the related guidance thereunder. 

(x) Generally, to exercise such powers and to perform such acts as the Board deems necessary or expedient to promote the best interests of the
Company and that are not in conflict with the provisions of the Plan or Awards. 
 (xi) To adopt such procedures and sub-plans as are
necessary or appropriate to permit participation in the Plan by Employees, Directors or Consultants who are foreign nationals or employed outside the United States. 
 (c) Delegation to Committee. 
 (i) General. The Board may delegate some or all of the
administration of the Plan to a Committee or Committees. If administration is delegated to a Committee, the Committee shall have, in connection with the administration of the Plan, the powers theretofore possessed by the Board that have been
delegated to the Committee, including the power to delegate to a subcommittee of the Committee any of the administrative powers the Committee is authorized to exercise (and references in the Plan to the Board shall thereafter be to the Committee or
subcommittee), subject, however, to such resolutions, not inconsistent with the provisions of the Plan, as may be adopted from time to time by the Board. The Board may retain the authority to concurrently administer the Plan with the Committee and
may, at any time, revest in the Board some or all of the powers previously delegated. 
 (ii) Section 162(m) and Rule 16b-3
Compliance. In the sole discretion of the Board, the Committee may consist solely of two or more Outside Directors, in accordance with Section 162(m) of the Code, or solely of two or more Non-Employee Directors, in accordance with Rule
16b-3. In addition, the Board or the Committee, in its sole discretion, may (A) delegate to a Committee who need not be Outside Directors the authority to grant Awards to eligible persons who are either (I) not then Covered Employees and
are not expected to be Covered Employees at the time of recognition of income resulting from such Stock Award, or (II) not persons with respect to whom the Company wishes to comply with Section 162(m) of the Code, or (B) delegate to a
Committee who need not be Non-Employee Directors the authority to grant Stock Awards to eligible persons who are not then subject to Section 16 of the Exchange Act. 
  

 3. 

 (d) Delegation to Officers. The Board may delegate to one or more Officers the authority to do one
or both of the following (i) designate Employees of the Company or any of its Subsidiaries to be recipients of Options (and, to the extent permitted by Delaware law, other Stock Awards) and the terms thereof, and (ii) determine the number
of shares of Common Stock to be subject to such Stock Awards granted to such Employees; provided, however, that the Board resolutions regarding such delegation shall specify the total number of shares of Common Stock that may be subject to
the Stock Awards granted by such Officer and that such Officer may not grant a Stock Award to himself or herself. Notwithstanding anything to the contrary in this Section 2(d), the Board may not delegate to an Officer authority to determine the
Fair Market Value of the Common Stock pursuant to Section 13(v)(ii) below. 
 (e) Effect of Board’s Decision. All
determinations, interpretations and constructions made by the Board in good faith shall not be subject to review by any person and shall be final, binding and conclusive on all persons. 
 3. SHARES SUBJECT TO THE PLAN. 
 (a) Share Reserve. Subject to the provisions of Section 9(a) relating to Capitalization Adjustments, the aggregate number of shares of Common Stock that may be issued pursuant to Stock Awards under the Plan shall not exceed
three million nine hundred sixteen thousand seven hundred sixty-six (3,916,766) shares, subject to reduction or increase as set forth below. Such share reserve consists of (i) the three hundred seventy-eight thousand three hundred five
(378,305) unallocated shares remaining available for issuance under the Prior Plans as of the Effective Date, (ii) an additional three million five hundred thirty-eight thousand four hundred sixty-one (3,538,461) shares to be approved by the
stockholders as part of the approval of this Plan, and (iii) the number of shares that may be added to the Plan pursuant to Section 3(b) below (the “Share Reserve”). In addition, the number of shares of Common Stock
available for issuance under the Plan shall automatically increase on January 1st of each year commencing in 2008 and ending on (and including) January 1, 2017, in an amount equal to the lesser of (i) five percent (5%) of the total
number of shares of Common Stock outstanding on December 31st of the preceding calendar year, or (ii) seven million six hundred ninety-two thousand three hundred seven (7,692,307) shares. Notwithstanding the foregoing, the Board may act
prior to the first day of any calendar year, to provide that there shall be no increase in the share reserve for such calendar year or that the increase in the share reserve for such calendar year shall be a lesser number of shares of Common Stock
than would otherwise occur pursuant to the preceding sentence. Shares may be issued in connection with a merger or acquisition as permitted by Nasdaq Rule 4350(i)(1)(A)(iii) or, if applicable, NYSE Listed Company Manual Section 303A.08, or AMEX
Company Guide Section 711 and such issuance shall not reduce the number of shares available for issuance under the Plan. 
 (b)
Additions to the Share Reserve. The Share Reserve also shall be increased from time to time by a number of shares equal to the number of shares of Common Stock that (i) are issuable pursuant to options outstanding or are currently issued
and outstanding but remain subject to the Company’s right of repurchase under the Prior Plans as of the Effective Date and (ii) but for the termination of the Prior Plans as of the Effective Date, would otherwise have reverted to the share
reserves of the Prior Plans pursuant to the provisions thereof. 
  

 4. 

 (c) Reversion of Shares to the Share Reserve. If any (i) Stock Award shall for any reason
expire or otherwise terminate, in whole or in part, without having been exercised in full, (ii) shares of Common Stock issued to a Participant pursuant to a Stock Award are forfeited back to or repurchased by the Company because of the failure
to meet a contingency or condition required for the vesting of such shares, (iii) a Stock Award is settled in cash, (iv) if any shares of Common Stock are cancelled in accordance with the cancellation and regrant provisions of
Section 3(b)(v), then the shares of Common Stock not issued under such Stock Award, or forfeited to or repurchased by the Company, shall revert to and again become available for issuance under the Plan. If any shares subject to a Stock Award
are not delivered to a Participant because such shares are withheld for the payment of taxes or the Stock Award is exercised through a reduction of shares subject to the Stock Award (i.e., “net exercised”) or an appreciation distribution
in respect of a Stock Appreciation right is paid in shares of Common Stock, the number of shares subject to the Stock Award that are not delivered to the Participant shall remain available for subsequent issuance under the Plan. If the exercise
price of any Stock Award is satisfied by tendering shares of Common Stock held by the Participant (either by actual delivery or attestation), then the number of shares so tendered shall remain available for issuance under the Plan. 
 (d) Incentive Stock Option Limit. Notwithstanding anything to the contrary in this Section 3(d), subject to the provisions of
Section 9(a) relating to Capitalization Adjustments, the aggregate maximum number of shares of Common Stock that may be issued pursuant to the exercise of Incentive Stock Options shall be four million six hundred fifteen thousand three hundred
eighty-four (4,615,384) shares of Common Stock plus the amount of any increase in the number of shares that may be available for issuance pursuant to Stock Awards pursuant to Section 3(a). 
 (e) Source of Shares. The stock issuable under the Plan shall be shares of authorized but unissued or reacquired Common Stock, including shares
repurchased by the Company on the open market. 
 4. ELIGIBILITY. 
 (a) Eligibility for Specific Stock Awards. Incentive Stock Options may be granted only to employees of the Company or a “parent
corporation” or “subsidiary corporation” thereof (as such terms are defined in Sections 424(e) and 424(f) of the Code). Stock Awards other than Incentive Stock Options may be granted to Employees, Directors and Consultants.

 (b) Ten Percent Stockholders. A Ten Percent Stockholder shall not be granted an Incentive Stock Option unless the exercise price of
such Option is at least one hundred ten percent (110%) of the Fair Market Value of the Common Stock on the date of grant and the Option is not exercisable after the expiration of five (5) years from the date of grant. 
 (c) Section 162(m) Limitation. Subject to the provisions of Section 9(a) relating to Capitalization Adjustments, at such time as the
Company may be subject to the applicable provisions of Section 162(m) of the Code, no Employee shall be eligible to be granted during any calendar year Stock Awards whose value is determined by reference to an increase over an exercise or
strike price of at least one hundred percent (100%) of the Fair Market Value of the Common Stock on the date the Stock Award is granted covering more than four million six hundred fifteen thousand three hundred eighty-four (4,615,384) shares of
Common Stock. 
  

 5. 

 (d) Consultants. A Consultant shall be eligible for the grant of a Stock Award only if, at the
time of grant, a Form S-8 Registration Statement under the Securities Act (“Form S-8”) is available to register either the offer or the sale of the Company’s securities to such Consultant. 
 5. OPTION PROVISIONS. 
 Each Option shall be in such form and shall contain such terms and conditions as the Board shall deem appropriate. All Options shall be separately designated Incentive Stock Options or Nonstatutory Stock Options at the time of grant, and,
if certificates are issued, a separate certificate or certificates shall be issued for shares of Common Stock purchased on exercise of each type of Option. If an Option is not specifically designated as an Incentive Stock Option, then the Option
shall be a Nonstatutory Stock Option. The provisions of separate Options need not be identical; provided, however, that each Option Agreement shall conform to (through incorporation of provisions hereof by reference in the Option Agreement or
otherwise) the substance of each of the following provisions: 
 (a) Term. Subject to the provisions of Section 4(b) regarding Ten
Percent Stockholders, no Option shall be exercisable after the expiration of ten (10) years from the date of its grant or such shorter period specified in the Option Agreement. 
 (b) Exercise Price. Subject to the provisions of Section 4(b) regarding Ten Percent Stockholders, the exercise price of each Option shall be
not less than one hundred percent (100%) of the Fair Market Value of the Common Stock subject to the Option on the date the Option is granted. Notwithstanding the foregoing, an Option may be granted with an exercise price lower than one hundred
percent (100%) of the Fair Market Value of the Common Stock subject to the Option if such Option is granted pursuant to an assumption or substitution for another option in a manner consistent with the provisions of Section 424(a) of the
Code (whether or not such options are Incentive Stock Options). 
 (c) Consideration. The purchase price of Common Stock acquired
pursuant to the exercise of an Option shall be paid, to the extent permitted by applicable law and as determined by the Board in its sole discretion, by any combination of the methods of payment set forth below. The Board shall have the authority to
grant Options that do not permit all of the following methods of payment (or otherwise restrict the ability to use certain methods) and to grant Options that require the consent of the Company to utilize a particular method of payment. The methods
of payment permitted by this Section 5(c) are: 
 (i) by cash, check, bank draft or money order payable to the Company;

 (ii) pursuant to a program developed under Regulation T as promulgated by the Federal Reserve Board that, prior to the issuance of
the stock subject to the Option, results in either the receipt of cash (or check) by the Company or the receipt of irrevocable instructions to pay the aggregate exercise price to the Company from the sales proceeds; 
  

 6. 

 (iii) by delivery to the Company (either by actual delivery or attestation) of shares of Common
Stock; 
 (iv) by a “net exercise” arrangement pursuant to which the Company will reduce the number of shares of Common
Stock issuable upon exercise by the largest whole number of shares with a Fair Market Value that does not exceed the aggregate exercise price; provided, however, that the Company shall accept a cash or other payment from the Participant to
the extent of any remaining balance of the aggregate exercise price not satisfied by such reduction in the number of whole shares to be issued; provided, further, that shares of Common Stock will no longer be subject to an Option and will not
be exercisable thereafter to the extent that (A) shares issuable upon exercise are reduced to pay the exercise price pursuant to the “net exercise,” (B) shares are delivered to the Participant as a result of such exercise, and
(C) shares are withheld to satisfy tax withholding obligations; or 
 (v) in any other form of legal consideration that may be
acceptable to the Board in its sole discretion and permissible under applicable law. 
 (d) Transferability of Options. The Board may,
in its sole discretion, impose such limitations on the transferability of Options as the Board shall determine. In the absence of such a determination by the Board to the contrary, the following restrictions on the transferability of Options shall
apply: 
 (i) Restrictions on Transfer. An Option shall not be transferable except by will or by the laws of descent and distribution
and shall be exercisable during the lifetime of the Optionholder only by the Optionholder; provided, however, that the Board may, in its sole discretion, permit transfer of the Option in a manner that is not prohibited by applicable tax and
securities laws upon the Optionholder’s request. 
 (ii) Domestic Relations Orders. Notwithstanding the foregoing, an Option may
be transferred pursuant to a domestic relations order, provided, however, that if an Option is an Incentive Stock Option, such Option may be deemed to be a Nonstatutory Stock Option as a result of such transfer. 
 (iii) Beneficiary Designation. Notwithstanding the foregoing, the Optionholder may, by delivering written notice to the Company, in a form
provided by or otherwise satisfactory to the Company and any broker designated by the Company to effect Option exercises, designate a third party who, in the event of the death of the Optionholder, shall thereafter be entitled to exercise the
Option. In the absence of such a designation, the executor or administrator of the Optionholder’s estate shall be entitled to exercise the Option. 
 (e) Vesting of Options Generally. The total number of shares of Common Stock subject to an Option may vest and therefore become exercisable in periodic installments that may or may not be equal. The Option may
be subject to such other terms and conditions on the time or times when it may or may not be exercised (which may be based on the satisfaction of Performance Goals or other criteria) as the Board may deem appropriate. The vesting provisions of
individual Options may vary. The provisions of this Section 5(e) are subject to any Option provisions governing the minimum number of shares of Common Stock as to which an Option may be exercised. 
  

 7. 

 (f) Termination of Continuous Service. In the event that an Optionholder’s Continuous Service
terminates (other than for Cause or upon the Optionholder’s death or Disability), the Optionholder may exercise his or her Option (to the extent that the Optionholder was entitled to exercise such Option as of the date of termination of
Continuous Service) but only within such period of time ending on the earlier of (i) the date three (3) months following the termination of the Optionholder’s Continuous Service (or such longer or shorter period specified in the
Option Agreement), or (ii) the expiration of the term of the Option as set forth in the Option Agreement. If, after termination of Continuous Service, the Optionholder does not exercise his or her Option within the time specified herein or in
the Option Agreement (as applicable), the Option shall terminate. 
 (g) Extension of Termination Date. An Optionholder’s Option
Agreement may provide that if the exercise of the Option following the termination of the Optionholder’s Continuous Service (other than for Cause or upon the Optionholder’s death or Disability) would be prohibited at any time solely
because the issuance of shares of Common Stock would violate the registration requirements under the Securities Act, then the Option shall terminate on the earlier of (i) the expiration of a period of three (3) months after the termination
of the Optionholder’s Continuous Service during which the exercise of the Option would not be in violation of such registration requirements, or (ii) the expiration of the term of the Option as set forth in the Option Agreement. In
addition, unless otherwise provided in an Optionholder’s Option Agreement, if the sale of the Common Stock received upon exercise of an Option following the termination of the Optionholder’s Continuous Service (other than for Cause) would
violate the Company’s Window Period Policy, then the Option shall terminate on the earlier of (i) the expiration of a period equal to the post-termination exercise period described in Section 5(f) above or Sections 5(h) or 5(i) below
after the termination of the Optionholder’s Continuous Service during which the exercise of the Option would not be in violation of the Company’s Window Period Policy; or (ii) the expiration of the term of the Option as set forth in
the Option Agreement. 
 (h) Disability of Optionholder. In the event that an Optionholder’s Continuous Service terminates as a
result of the Optionholder’s Disability, the Optionholder may exercise his or her Option (to the extent that the Optionholder was entitled to exercise such Option as of the date of termination of Continuous Service), but only within such period
of time ending on the earlier of (i) the date twelve (12) months following such termination of Continuous Service (or such longer or shorter period specified in the Option Agreement), or (ii) the expiration of the term of the Option
as set forth in the Option Agreement. If, after termination of Continuous Service, the Optionholder does not exercise his or her Option within the time specified herein or in the Option Agreement (as applicable), the Option shall terminate.

 (i) Death of Optionholder. In the event that (i) an Optionholder’s Continuous Service terminates as a result of the
Optionholder’s death, or (ii) the Optionholder dies within the period (if any) specified in the Option Agreement after the termination of the Optionholder’s Continuous Service for a reason other than death, then the Option may be
exercised (to the extent the Optionholder was entitled to exercise such Option as of the date of death) by the 

  

 8. 

 
Optionholder’s estate, by a person who acquired the right to exercise the Option by bequest or inheritance or by a person designated to exercise the
option upon the Optionholder’s death, but only within the period ending on the earlier of (A) the date twelve (12) months following the date of death (or such longer or shorter period specified in the Option Agreement), or
(B) the expiration of the term of such Option as set forth in the Option Agreement. If, after the Optionholder’s death, the Option is not exercised within the time specified herein or in the Option Agreement (as applicable), the Option
shall terminate. 
 (j) Termination for Cause. Except as explicitly provided otherwise in an Optionholder’s Option Agreement, in
the event that an Optionholder’s Continuous Service is terminated for Cause, the Option shall terminate upon the termination date of such Optionholder’s Continuous Service, and the Optionholder shall be prohibited from exercising his or
her Option from and after the time of such termination of Continuous Service. 
 (k) Non-Exempt Employees. No Option granted to an
Employee who is a non-exempt employee for purposes of the Fair Labor Standards Act shall be first exercisable for any shares of Common Stock until at least six months following the date of grant of the Option. The foregoing provision is intended to
operate so that any income derived by a non-exempt employee in connection with the exercise or vesting of an Option will be exempt from his or her regular rate of pay. 
 6. PROVISIONS OF STOCK AWARDS OTHER THAN OPTIONS. 
 (a) Restricted Stock Awards. Each Restricted Stock Award Agreement shall be in such form and shall contain such terms and conditions as the Board
shall deem appropriate. To the extent consistent with the Company’s Bylaws, at the Board’s election, shares of Common Stock may be (x) held in book entry form subject to the Company’s instructions until any restrictions relating
to the Restricted Stock Award lapse; or (y) evidenced by a certificate, which certificate shall be held in such form and manner as determined by the Board. The terms and conditions of Restricted Stock Award Agreements may change from time to
time, and the terms and conditions of separate Restricted Stock Award Agreements need not be identical, provided, however, that each Restricted Stock Award Agreement shall conform to (through incorporation of the provisions hereof by
reference in the agreement or otherwise) the substance of each of the following provisions: 
 (i) Consideration. A Restricted Stock
Award may be awarded in consideration for (A) cash, check, bank draft or money order payable to the Company; (B) past or future services actually or to be rendered to the Company or an Affiliate; or (C) any other form of legal
consideration that may be acceptable to the Board in its sole discretion and permissible under applicable law. 
 (ii) Vesting. Shares
of Common Stock awarded under a Restricted Stock Award Agreement may be subject to forfeiture to the Company in accordance with a vesting schedule to be determined by the Board. 
 (iii) Termination of Participant’s Continuous Service. In the event a Participant’s Continuous Service terminates, the Company may
receive via a forfeiture condition 

  

 9. 

 
or a repurchase right, any or all of the shares of Common Stock held by the Participant which have not vested as of the date of termination of Continuous
Service under the terms of the Restricted Stock Award Agreement. 
 (iv) Transferability. Rights to acquire shares of Common Stock
under the Restricted Stock Award Agreement shall be transferable by the Participant only upon such terms and conditions as are set forth in the Restricted Stock Award Agreement, as the Board shall determine in its sole discretion, so long as Common
Stock awarded under the Restricted Stock Award Agreement remains subject to the terms of the Restricted Stock Award Agreement. 
 (b)
Restricted Stock Unit Awards. Each Restricted Stock Unit Award Agreement shall be in such form and shall contain such terms and conditions as the Board shall deem appropriate. The terms and conditions of Restricted Stock Unit Award Agreements
may change from time to time, and the terms and conditions of separate Restricted Stock Unit Award Agreements need not be identical, provided, however, that each Restricted Stock Unit Award Agreement shall conform to (through
incorporation of the provisions hereof by reference in the agreement or otherwise) the substance of each of the following provisions: 
 (i) Consideration. At the time of grant of a Restricted Stock Unit Award, the Board will determine the consideration, if any, to be paid by the Participant upon delivery of each share of Common Stock subject to the Restricted Stock
Unit Award. The consideration to be paid (if any) by the Participant for each share of Common Stock subject to a Restricted Stock Unit Award may be paid in any form of legal consideration that may be acceptable to the Board in its sole discretion
and permissible under applicable law. 
 (ii) Vesting. At the time of the grant of a Restricted Stock Unit Award, the Board may impose
such restrictions or conditions to the vesting of the Restricted Stock Unit Award as it, in its sole discretion, deems appropriate. 
 (iii) Payment. A Restricted Stock Unit Award may be settled by the delivery of shares of Common Stock, their cash equivalent, any combination thereof or in any other form of consideration, as determined by the Board and contained in
the Restricted Stock Unit Award Agreement. 
 (iv) Additional Restrictions. At the time of the grant of a Restricted Stock Unit Award,
the Board, as it deems appropriate, may impose such restrictions or conditions that delay the delivery of the shares of Common Stock (or their cash equivalent) subject to a Restricted Stock Unit Award to a time after the vesting of such Restricted
Stock Unit Award. 
 (v) Dividend Equivalents. Dividend equivalents may be credited in respect of shares of Common Stock covered by a
Restricted Stock Unit Award, as determined by the Board and contained in the Restricted Stock Unit Award Agreement. At the sole discretion of the Board, such dividend equivalents may be converted into additional shares of Common Stock covered by the
Restricted Stock Unit Award in such manner as determined by the Board. Any additional shares covered by the Restricted Stock Unit Award credited by reason of such dividend equivalents will be subject to all the terms and conditions of the underlying
Restricted Stock Unit Award Agreement to which they relate. 
  

 10. 

 (vi) Termination of Participant’s Continuous Service. Except as otherwise provided in the
applicable Restricted Stock Unit Award Agreement, such portion of the Restricted Stock Unit Award that has not vested will be forfeited upon the Participant’s termination of Continuous Service. 
 (vii) Compliance with Section 409A of the Code. Notwithstanding anything to the contrary set forth herein, any Restricted Stock Unit Award
granted under the Plan that is not exempt from the requirements of Section 409A of the Code shall incorporate terms and conditions necessary to avoid the consequences of Section 409A(a)(1) of the Code. Such restrictions, if any, shall be
determined by the Board and contained in the Restricted Stock Unit Award Agreement evidencing such Restricted Stock Unit Award. 
 (c)
Stock Appreciation Rights. Each Stock Appreciation Right Agreement shall be in such form and shall contain such terms and conditions as the Board shall deem appropriate. Stock Appreciation Rights may be granted as stand-alone Stock Awards or in
tandem with other Stock Awards. The terms and conditions of Stock Appreciation Right Agreements may change from time to time, and the terms and conditions of separate Stock Appreciation Right Agreements need not be identical; provided,
however, that each Stock Appreciation Right Agreement shall conform to (through incorporation of the provisions hereof by reference in the agreement or otherwise) the substance of each of the following provisions: 
 (i) Term. No Stock Appreciation Right shall be exercisable after the expiration of ten (10) years from the date of its grant or such shorter
period specified in the Stock Appreciation Right Agreement. 
 (ii) Strike Price. Each Stock Appreciation Right will be denominated in
shares of Common Stock equivalents. The strike price of each Stock Appreciation Right shall not be less than one hundred percent (100%) of the Fair Market Value of the Common Stock equivalents subject to the Stock Appreciation Right on the date
of grant. 
 (iii) Calculation of Appreciation. The appreciation distribution payable on the exercise of a Stock Appreciation Right
will be not greater than an amount equal to the excess of (A) the aggregate Fair Market Value (on the date of the exercise of the Stock Appreciation Right) of a number of shares of Common Stock equal to the number of shares of Common Stock
equivalents in which the Participant is vested under such Stock Appreciation Right, and with respect to which the Participant is exercising the Stock Appreciation Right on such date, over (B) the strike price. 
 (iv) Vesting. At the time of the grant of a Stock Appreciation Right, the Board may impose such restrictions or conditions to the vesting of such
Stock Appreciation Right as it, in its sole discretion, deems appropriate. 
 (v) Exercise. To exercise any outstanding Stock
Appreciation Right, the Participant must provide written notice of exercise to the Company in compliance with the provisions of the Stock Appreciation Right Agreement evidencing such Stock Appreciation Right. 
  

 11. 

 (vi) Payment. The appreciation distribution in respect of a Stock Appreciation Right may be paid
in Common Stock, in cash, in any combination of the two or in any other form of consideration, as determined by the Board and set forth in the Stock Appreciation Right Agreement evidencing such Stock Appreciation Right. 
 (vii) Termination of Continuous Service. In the event that a Participant’s Continuous Service terminates (other than for Cause), the
Participant may exercise his or her Stock Appreciation Right (to the extent that the Participant was entitled to exercise such Stock Appreciation Right as of the date of termination of Continuous Service) but only within such period of time ending
on the earlier of (A) the date three (3) months following the termination of the Participant’s Continuous Service (or such longer or shorter period specified in the Stock Appreciation Right Agreement), or (B) the expiration of
the term of the Stock Appreciation Right as set forth in the Stock Appreciation Right Agreement. If, after termination of Continuous Service, the Participant does not exercise his or her Stock Appreciation Right within the time specified herein or
in the Stock Appreciation Right Agreement (as applicable), the Stock Appreciation Right shall terminate. 
 (viii) Termination for
Cause. Except as explicitly provided otherwise in an Participant’s Stock Appreciation Right Agreement, in the event that a Participant’s Continuous Service is terminated for Cause, the Stock Appreciation Right shall terminate upon the
termination date of such Participant’s Continuous Service, and the Participant shall be prohibited from exercising his or her Stock Appreciation Right from and after the time of such termination of Continuous Service. 
 (ix) Compliance with Section 409A of the Code. Notwithstanding anything to the contrary set forth herein, any Stock Appreciation Rights
granted under the Plan that are not exempt from the requirements of Section 409A of the Code shall incorporate terms and conditions necessary to avoid the consequences described in Section 409A(a)(1) of the Code. Such restrictions, if any,
shall be determined by the Board and contained in the Stock Appreciation Right Agreement evidencing such Stock Appreciation Right. 
 (d)
Performance Awards. 
 (i) Performance Stock Awards. A Performance Stock Award is either a Restricted Stock Award or Restricted
Stock Unit Award that may be granted or may vest based upon the attainment during a Performance Period of certain Performance Goals. A Performance Stock Award may, but need not, require the completion of a specified period of Continuous Service. The
length of any Performance Period, the Performance Goals to be achieved during the Performance Period, and the measure of whether and to what degree such Performance Goals have been attained shall be conclusively determined by the Committee in its
sole discretion. Subject to the provisions of Section 9(a) relating to Capitalization Adjustments, the maximum number of shares that may be granted to any Participant in a calendar year attributable to Performance Stock Awards described in this
Section 6(d)(i) shall not exceed the value of four million six hundred fifteen thousand three hundred eighty-four (4,615,384) shares of Common Stock. In addition, to the extent permitted by applicable law and the applicable Award Agreement, the
Board may determine that cash may be used in payment of Performance Stock Awards. 
  

 12. 

 (ii) Performance Cash Awards. A Performance Cash Award is a cash award that may be granted upon
the attainment during a Performance Period of certain Performance Goals. A Performance Cash Award may also require the completion of a specified period of Continuous Service. The length of any Performance Period, the Performance Goals to be achieved
during the Performance Period, and the measure of whether and to what degree such Performance Goals have been attained shall be conclusively determined by the Committee in its sole discretion. The maximum value that may be granted to any Participant
in a calendar year attributable to cash awards described in this Section 6(d)(ii) shall not exceed five million dollars ($5,000,000). The Board may provide for or, subject to such terms and conditions as the Board may specify, may permit a
Participant to elect for, the payment of any Performance Cash Award to be deferred to a specified date or event. The Committee may specify the form of payment of Performance Cash Awards, which may be cash or other property, or may provide for a
Participant to have the option for his or her Performance Cash Award, or such portion thereof as the Board may specify, to be paid in whole or in part in cash or other property. In addition, to the extent permitted by applicable law and the
applicable Award Agreement, the Board may determine that Common Stock authorized under this Plan may be used in payment of Performance Cash Awards, including additional shares in excess of the Performance Cash Award as an inducement to hold shares
of Common Stock. 
 (e) Other Stock Awards. Other forms of Stock Awards valued in whole or in part by reference to, or otherwise based
on, Common Stock may be granted either alone or in addition to Stock Awards provided for under Section 5 and the preceding provisions of this Section 6. Subject to the provisions of the Plan, the Board shall have sole and complete
authority to determine the persons to whom and the time or times at which such Other Stock Awards will be granted, the number of shares of Common Stock (or the cash equivalent thereof) to be granted pursuant to such Other Stock Awards and all other
terms and conditions of such Other Stock Awards. 
 7. COVENANTS OF THE COMPANY.

 (a) Availability of Shares. During the terms of the Stock Awards, the Company shall keep available at all times the number of
shares of Common Stock required to satisfy such Stock Awards. 
 (b) Securities Law Compliance. The Company shall seek to obtain from
each regulatory commission or agency having jurisdiction over the Plan such authority as may be required to grant Stock Awards and to issue and sell shares of Common Stock upon exercise of the Stock Awards; provided, however, that this
undertaking shall not require the Company to register under the Securities Act the Plan, any Stock Award or any Common Stock issued or issuable pursuant to any such Stock Award. If, after reasonable efforts, the Company is unable to obtain from any
such regulatory commission or agency the authority that counsel for the Company deems necessary for the lawful issuance and sale of Common Stock under the Plan, the Company shall be relieved from any liability for failure to issue and sell Common
Stock upon exercise of such Stock Awards unless and until such authority is obtained. 
 (c) No Obligation to Notify. The Company
shall have no duty or obligation to any holder of a Stock Award to advise such holder as to the time or manner of exercising such Stock 

  

 13. 

 
Award. Furthermore, the Company shall have no duty or obligation to warn or otherwise advise such holder of a pending termination or expiration of a Stock
Award or a possible period in which the Stock Award may not be exercised. The Company has no duty or obligation to minimize the tax consequences of a Stock Award to the holder of such Stock Award. 
 8. MISCELLANEOUS. 
 (a) Use of
Proceeds. Proceeds from the sale of shares of Common Stock pursuant to Stock Awards shall constitute general funds of the Company. 
 (b) Corporate Action Constituting Grant of Stock Awards. Corporate action constituting a grant by the Company of a Stock Award to any Participant shall be deemed completed as of the date of such corporate action, unless otherwise
determined by the Board, regardless of when the instrument, certificate, or letter evidencing the Stock Award is communicated to, or actually received or accepted by, the Participant. 
 (c) Stockholder Rights. No Participant shall be deemed to be the holder of, or to have any of the rights of a holder with respect to, any shares
of Common Stock subject to such Stock Award unless and until (i) such Participant has satisfied all requirements for exercise of the Stock Award pursuant to its terms, and (ii) the issuance of the Common Stock pursuant to such exercise has
been entered into the books and records of the Company. 
 (d) No Employment or Other Service Rights. Nothing in the Plan, any Stock
Award Agreement or other instrument executed thereunder or in connection with any Award granted pursuant to the Plan shall confer upon any Participant any right to continue to serve the Company or an Affiliate in the capacity in effect at the time
the Stock Award was granted or shall affect the right of the Company or an Affiliate to terminate (i) the employment of an Employee with or without notice and with or without Cause, (ii) the service of a Consultant pursuant to the terms of
such Consultant’s agreement with the Company or an Affiliate, or (iii) the service of a Director pursuant to the Bylaws of the Company or an Affiliate, and any applicable provisions of the corporate law of the state in which the Company or
the Affiliate is incorporated, as the case may be. 
 (e) Incentive Stock Option $100,000 Limitation. To the extent that the aggregate
Fair Market Value (determined at the time of grant) of Common Stock with respect to which Incentive Stock Options are exercisable for the first time by any Optionholder during any calendar year (under all plans of the Company and any Affiliates)
exceeds one hundred thousand dollars ($100,000), the Options or portions thereof that exceed such limit (according to the order in which they were granted) shall be treated as Nonstatutory Stock Options, notwithstanding any contrary provision of the
applicable Option Agreement(s). 
 (f) Investment Assurances. The Company may require a Participant, as a condition of exercising or
acquiring Common Stock under any Stock Award, (i) to give written assurances satisfactory to the Company as to the Participant’s knowledge and experience in financial and business matters and/or to employ a purchaser representative
reasonably satisfactory to the Company who is knowledgeable and experienced in financial and business matters and that he or she is capable of evaluating, alone or together with the purchaser representative, the merits and 

  

 14. 

 
risks of exercising the Stock Award; and (ii) to give written assurances satisfactory to the Company stating that the Participant is acquiring Common
Stock subject to the Stock Award for the Participant’s own account and not with any present intention of selling or otherwise distributing the Common Stock. The foregoing requirements, and any assurances given pursuant to such requirements,
shall be inoperative if (x) the issuance of the shares upon the exercise or acquisition of Common Stock under the Stock Award has been registered under a then currently effective registration statement under the Securities Act, or (y) as
to any particular requirement, a determination is made by counsel for the Company that such requirement need not be met in the circumstances under the then applicable securities laws. The Company may, upon advice of counsel to the Company, place
legends on stock certificates issued under the Plan as such counsel deems necessary or appropriate in order to comply with applicable securities laws, including, but not limited to, legends restricting the transfer of the Common Stock. 

(g) Withholding Obligations. Unless prohibited by the terms of a Stock Award Agreement, the Company may, in its sole discretion, satisfy any
federal, state or local tax withholding obligation relating to an Award by any of the following means (in addition to the Company’s right to withhold from any compensation paid to the Participant by the Company) or by a combination of such
means: (i) causing the Participant to tender a cash payment; (ii) withholding shares of Common Stock from the shares of Common Stock issued or otherwise issuable to the Participant in connection with the Award; provided, however,
that no shares of Common Stock are withheld with a value exceeding the minimum amount of tax required to be withheld by law (or such lower amount as may be necessary to avoid classification of the Stock Award as a liability for financial accounting
purposes); (iii) withholding cash from an Award settled in cash; (iv) withholding payment from any amounts otherwise payable to the Participant; or (v) by such other method as may be set forth in the Award Agreement. 
 (h) Electronic Delivery. Any reference herein to a “written” agreement or document shall include any agreement or document delivered
electronically or posted on the Company’s intranet. 
 (i) Deferrals. To the extent permitted by applicable law, the Board, in
its sole discretion, may determine that the delivery of Common Stock or the payment of cash, upon the exercise, vesting or settlement of all or a portion of any Award may be deferred and may establish programs and procedures for deferral elections
to be made by Participants. Deferrals by Participants will be made in accordance with Section 409A of the Code. Consistent with Section 409A of the Code, the Board may provide for distributions while a Participant is still an employee. The
Board is authorized to make deferrals of Stock Awards and determine when, and in what annual percentages, Participants may receive payments, including lump sum payments, following the Participant’s termination of employment or retirement, and
implement such other terms and conditions consistent with the provisions of the Plan and in accordance with applicable law. 
 (j)
Compliance with Section 409A. To the extent that the Board determines that any Award granted under the Plan is subject to Section 409A of the Code, the Award Agreement evidencing such Award shall incorporate the terms and conditions
necessary to avoid the consequences described in Section 409A(a)(1) of the Code. To the extent applicable, the Plan and Award Agreements shall be interpreted in accordance with Section 409A of the Code and 

  

 15. 

 
Department of Treasury regulations and other interpretive guidance issued thereunder, including without limitation any such regulations or other guidance
that may be issued or amended after the Effective Date. Notwithstanding any provision of the Plan to the contrary, in the event that following the Effective Date the Board determines that any Award may be subject to Section 409A of the Code and
related Department of Treasury guidance (including such Department of Treasury guidance as may be issued after the Effective Date), the Board may adopt such amendments to the Plan and the applicable Award Agreement or adopt other policies and
procedures (including amendments, policies and procedures with retroactive effect), or take any other actions, that the Board determines are necessary or appropriate to (1) exempt the Award from Section 409A of the Code and/or preserve the
intended tax treatment of the benefits provided with respect to the Award, or (2) comply with the requirements of Section 409A of the Code and related Department of Treasury guidance. 
 9. ADJUSTMENTS UPON CHANGES IN COMMON STOCK; OTHER
CORPORATE EVENTS. 
 (a) Capitalization Adjustments. In the event of a Capitalization Adjustment, the
Board shall appropriately and proportionately adjust: (i) the class(es) and maximum number of securities subject to the Plan pursuant to Section 3(a); (ii) the class(es) and maximum number of securities that may be issued pursuant to
the exercise of Incentive Stock Options pursuant to Section 3(d); (iii) the class(es) and maximum number of securities that may be awarded to any person pursuant to Section 4(c) and 6(d); and (iv) the class(es) and number of
securities and price per share of stock subject to outstanding Stock Awards. The Board shall make such adjustments, and its determination shall be final, binding and conclusive. 
 (b) Dissolution or Liquidation. Except as otherwise provided in a Stock Award Agreement, in the event of a dissolution or liquidation of the
Company, all outstanding Stock Awards (other than Stock Awards consisting of vested and outstanding shares of Common Stock not subject to a forfeiture condition or the Company’s right of repurchase) shall terminate immediately prior to the
completion of such dissolution or liquidation, and the shares of Common Stock subject to the Company’s repurchase rights may be repurchased by the Company notwithstanding the fact that the holder of such Stock Award is providing Continuous
Service, provided, however, that the Board may, in its sole discretion, cause some or all Stock Awards to become fully vested, exercisable and/or no longer subject to repurchase or forfeiture (to the extent such Stock Awards have not
previously expired or terminated) before the dissolution or liquidation is completed but contingent on its completion. 
 (c) Corporate
Transaction. The following provisions shall apply to Stock Awards in the event of a Corporate Transaction unless otherwise provided in the instrument evidencing the Stock Award or any other written agreement between the Company or any Affiliate
and the holder of the Stock Award. 
 (i) Stock Awards May Be Assumed. Except as otherwise stated in the Stock Award Agreement, in the
event of a Corporate Transaction, any surviving corporation or acquiring corporation (or the surviving or acquiring corporation’s parent company) may assume or continue any or all Stock Awards outstanding under the Plan or may substitute
similar stock awards for Stock Awards outstanding under the Plan (including but not limited to, awards to acquire the same consideration paid to the stockholders of the Company pursuant to the 

  

 16. 

 
Corporate Transaction), and any reacquisition or repurchase rights held by the Company in respect of Common Stock issued pursuant to Stock Awards may be
assigned by the Company to the successor of the Company (or the successor’s parent company, if any), in connection with such Corporate Transaction. A surviving corporation or acquiring corporation (or its parent) may choose to assume or
continue only a portion of a Stock Award or substitute a similar stock award for only a portion of a Stock Award. The terms of any assumption, continuation or substitution shall be set by the Board in accordance with the provisions of
Section 2. 
 (ii) Stock Awards Held by Current Participants. Except as otherwise stated in the Stock Award Agreement, in the
event of a Corporate Transaction in which the surviving corporation or acquiring corporation (or its parent company) does not assume or continue such outstanding Stock Awards or substitute similar stock awards for such outstanding Stock Awards in
accordance with subsection (i) above, then with respect to Stock Awards that have not been assumed, continued or substituted and that are held by Participants whose Continuous Service has not terminated prior to the effective time of the
Corporate Transaction (referred to as the “Current Participants”), the vesting of such Stock Awards (and, with respect to Options and Stock Appreciation Rights, the time at which such Stock Awards may be exercised) shall
(contingent upon the effectiveness of the Corporate Transaction) be accelerated in full to a date prior to the effective time of such Corporate Transaction as the Board shall determine (or, if the Board shall not determine such a date, to the date
that is five (5) days prior to the effective time of the Corporate Transaction), and such Stock Awards shall terminate if not exercised (if applicable) at or prior to the effective time of the Corporate Transaction, and any reacquisition or
repurchase rights held by the Company with respect to such Stock Awards shall lapse (contingent upon the effectiveness of the Corporate Transaction). 
 (iii) Stock Awards Held by Persons other than Current Participants. Except as otherwise stated in the Stock Award Agreement, in the event of a Corporate Transaction in which the surviving corporation or
acquiring corporation (or its parent company) does not assume or continue such outstanding Stock Awards or substitute similar stock awards for such outstanding Stock Awards in accordance with subsections (i) or (ii) above, respectively,
then with respect to Stock Awards that have not been assumed, continued or substituted and that are held by persons other than Current Participants, the vesting of such Stock Awards (and, if applicable, the time at which such Stock Award may be
exercised) shall not be accelerated and such Stock Awards (other than a Stock Award consisting of vested and outstanding shares of Common Stock not subject to a forfeiture condition or the Company’s right of repurchase) shall terminate if not
exercised (if applicable) prior to the effective time of the Corporate Transaction; provided, however, that any reacquisition or repurchase rights held by the Company with respect to such Stock Awards shall not terminate and may continue to
be exercised notwithstanding the Corporate Transaction. 
 (iv) Payment for Stock Awards in Lieu of Exercise. Notwithstanding the
foregoing, in the event a Stock Award will terminate if not exercised prior to the effective time of a Corporate Transaction, the Board may provide, in its sole discretion, that the holder of such Stock Award may not exercise such Stock Award but
will receive a payment, in such form as may be determined by the Board, equal in value to the excess, if any, of (A) the value of the property the holder of the Stock Award would have received upon the exercise of the Stock Award (including, at
the discretion of the Board, any unvested portion of such Stock Award), over (B) any exercise price payable by such holder in connection with such exercise. 
  

 17. 

 (d) Change in Control. A Stock Award may be subject to additional acceleration of vesting and
exercisability upon or after a Change in Control as may be provided in the Stock Award Agreement for such Stock Award or as may be provided in any other written agreement between the Company or any Affiliate and the Participant. A Stock Award may
vest as to all or any portion of the shares subject to the Stock Award (i) immediately upon the occurrence of a Change in Control, whether or not such Stock Award is assumed, continued, or substituted by a surviving or acquiring entity in the
Change in Control, or (ii) in the event a Participant’s Continuous Service is terminated, actually or constructively, within a designated period before or after the occurrence of a Change in Control. In the absence of such provisions, no
such acceleration shall occur. 
 10. TERMINATION OR SUSPENSION OF THE
PLAN. 
 (a) Plan Term. The Board may suspend or terminate the Plan at any time. Unless terminated sooner, the Plan
shall terminate on the day before the tenth (10th) anniversary of the earlier of (i) the date the Plan is adopted by the Board, or (ii) the date the Plan is approved by the stockholders of the Company. No Awards may be granted under
the Plan while the Plan is suspended or after it is terminated. 
 (b) No Impairment of Rights. Suspension or termination of the Plan
shall not impair rights and obligations under any Award granted while the Plan is in effect except with the written consent of the affected Participant. 
 11. EFFECTIVE DATE OF PLAN. 
 The Plan shall become effective on
the IPO Date, but no Award shall be exercised (or, in the case of a Restricted Stock Award, Restricted Stock Unit Award, or Other Stock Award shall be granted) unless and until the Plan has been approved by the Stockholders of the Company, which
approval shall be within twelve (12) months before or after the date the Plan is adopted by the Board. 
 12. CHOICE OF
LAW. 
 The law of the State of California shall govern all questions concerning the construction, validity and
interpretation of this Plan, without regard to that state’s conflict of laws rules. 
 13. DEFINITIONS. 
 As used in the Plan, the following definitions shall apply to the capitalized terms indicated below: 
 (a) “Affiliate” means, at the time of determination, any “parent” or “subsidiary” of the Company as
such terms are defined in Rule 405 of the Securities Act. The Board shall have the authority to determine the time or times at which “parent” or “subsidiary” status is determined within the foregoing definition. 
  

 18. 

 (b) “Award” means a Stock Award or a Performance Cash Award. 

(c) “Board” means the Board of Directors of the Company. 
 (d) “Capitalization Adjustment” means any change that is made in, or other events that occur with respect to, the Common
Stock subject to the Plan or subject to any Stock Award after the Effective Date without the receipt of consideration by the Company (through merger, consolidation, reorganization, recapitalization, reincorporation, stock dividend, dividend in
property other than cash, stock split, liquidating dividend, combination of shares, exchange of shares, change in corporate structure or other transaction not involving the receipt of consideration by the Company). Notwithstanding the foregoing, the
conversion of any convertible securities of the Company shall not be treated as a transaction “without the receipt of consideration” by the Company. 
 (e) “Cause” means with respect to a Participant, the occurrence of any of the following events: (i) such Participant’s conviction of, or a plea of nolo contendere to, a felony;
(ii) such Participant’s theft or embezzlement, or attempted theft or embezzlement, of money or property or assets of the Company; (iii) such Participant’s violation of the Company’s drug policy; or (iv) such
Participant’s intentional and willful engagement in misconduct which is materially injurious to the Company. 
 (f)
“Change in Control” means the occurrence, in a single transaction or in a series of related transactions, of any one or more of the following events: 
 (i) any Exchange Act Person becomes the Owner, directly or indirectly, of securities of the Company representing more than fifty percent
(50%) of the combined voting power of the Company’s then outstanding securities other than by virtue of a merger, consolidation or similar transaction. Notwithstanding the foregoing, a Change in Control shall not be deemed to occur
(A) on account of the acquisition of securities of the Company by an investor, any affiliate thereof or any other Exchange Act Person from the Company in a transaction or series of related transactions the primary purpose of which is to obtain
financing for the Company through the issuance of equity securities or (B) solely because the level of Ownership held by any Exchange Act Person (the “Subject Person”) exceeds the designated percentage threshold of the
outstanding voting securities as a result of a repurchase or other acquisition of voting securities by the Company reducing the number of shares outstanding, provided that if a Change in Control would occur (but for the operation of this sentence)
as a result of the acquisition of voting securities by the Company, and after such share acquisition, the Subject Person becomes the Owner of any additional voting securities that, assuming the repurchase or other acquisition had not occurred,
increases the percentage of the then outstanding voting securities Owned by the Subject Person over the designated percentage threshold, then a Change in Control shall be deemed to occur; 
 (ii) there is consummated a merger, consolidation or similar transaction involving (directly or indirectly) the Company and, immediately after the
consummation of such merger, consolidation or similar transaction, the stockholders of the Company immediately prior thereto do not Own, directly or indirectly, either (A) outstanding voting securities representing more than fifty percent
(50%) of the combined outstanding voting power of the surviving Entity 

  

 19. 

 
in such merger, consolidation or similar transaction or (B) more than fifty percent (50%) of the combined outstanding voting power of the parent of
the surviving Entity in such merger, consolidation or similar transaction, in each case in substantially the same proportions as their Ownership of the outstanding voting securities of the Company immediately prior to such transaction; 

(iii) the stockholders of the Company approve or the Board approves a plan of complete dissolution or liquidation of the Company, or a complete
dissolution or liquidation of the Company shall otherwise occur, except for a liquidation into a parent corporation; 
 (iv) there is
consummated a sale, lease, exclusive license or other disposition of all or substantially all of the consolidated assets of the Company and its Subsidiaries, other than a sale, lease, license or other disposition of all or substantially all of the
consolidated assets of the Company and its Subsidiaries to an Entity, more than fifty percent (50%) of the combined voting power of the voting securities of which are Owned by stockholders of the Company in substantially the same proportions
relative to each other as their Ownership of the outstanding voting securities of the Company immediately prior to such sale, lease, license or other disposition; or 
 (v) individuals who, on the date the Plan is adopted by the Board, are members of the Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of the members
of the Board; provided, however, that if the appointment or election (or nomination for election) of any new Board member was approved or recommended by a majority vote of the members of the Incumbent Board then still in office, such new
member shall, for purposes of the Plan, be considered as a member of the Incumbent Board. 
 For avoidance of doubt, the term Change in
Control shall not include a sale of assets, merger or other transaction effected exclusively for the purpose of changing the domicile of the Company. 
 Notwithstanding the foregoing or any other provision of the Plan, the definition of Change in Control (or any analogous term) in an individual written agreement between the Company or any Affiliate and the Participant
shall supersede the foregoing definition with respect to Awards subject to such agreement; provided, however, that if no definition of Change in Control or any analogous term is set forth in such an individual written agreement, the foregoing
definition shall apply. 
 The Board may, in its sole discretion and without a Participant’s consent, amend the definition of
“Change in Control” to conform to the definition of “Change in Control” under Section 409A of the Code, and the regulations thereunder. 
 (g) “Code” means the Internal Revenue Code of 1986, as amended. 
 (h)
“Committee” means a committee of one (1) or more Directors to whom authority has been delegated by the Board in accordance with Section 2(c). 
 (i) “Common Stock” means the common stock of the Company. 
  

 20. 

 (j) “Company” means Entropic Communications, Inc., a Delaware corporation.

 (k) “Consultant” means any person, including an advisor, who is (i) engaged by the Company or an
Affiliate to render consulting or advisory services and is compensated for such services, or (ii) serving as a member of the board of directors of an Affiliate and is compensated for such services. However, service solely as a Director, or
payment of a fee for such service, shall not cause a Director to be considered a “Consultant” for purposes of the Plan. 
 (l) “Continuous Service” means that the Participant’s service with the Company or an Affiliate, whether as an Employee, Director or Consultant, is not interrupted or terminated. A change in the capacity
in which the Participant renders service to the Company or an Affiliate as an Employee, Consultant or Director or a change in the entity for which the Participant renders such service, provided that there is no interruption or termination of the
Participant’s service with the Company or an Affiliate, shall not terminate a Participant’s Continuous Service; provided, however, if the Entity for which a Participant is rendering services ceases to qualify as an
“Affiliate,” as determined by the Board in its sole discretion, such Participant’s Continuous Service shall be considered to have terminated on the date such Entity ceases to qualify as an Affiliate. To the extent permitted by law,
the Board or the chief executive officer of the Company, in that party’s sole discretion, may determine whether Continuous Service shall be considered interrupted in the case of: (i) any leave of absence approved by the Board or the chief
executive officer of the Company, including sick leave, military leave or any other personal leave; or (ii) transfers between the Company, an Affiliate, or their successors. Notwithstanding the foregoing, a leave of absence shall be treated as
Continuous Service for purposes of vesting in a Stock Award only to such extent as may be provided in the Company’s leave of absence policy, in the written terms of any leave of absence agreement or policy applicable to the Participant, or as
otherwise required by law. 
 (m) “Corporate Transaction” means the occurrence, in a single transaction or in
a series of related transactions, of any one or more of the following events: 
 (i) a sale or other disposition of all or
substantially all, as determined by the Board in its sole discretion, of the consolidated assets of the Company and its Subsidiaries; 
 (ii) a sale or other disposition of at least ninety percent (90%) of the outstanding securities of the Company; 
 (iii) the consummation of a merger, consolidation or similar transaction following which the Company is not the surviving corporation; or 
 (iv) the consummation of a merger, consolidation or similar transaction following which the Company is the surviving corporation but the shares of Common Stock outstanding immediately preceding the merger,
consolidation or similar transaction are converted or exchanged by virtue of the merger, consolidation or similar transaction into other property, whether in the form of securities, cash or otherwise. 
 (n) “Covered Employee” shall have the meaning provided in Section 162(m)(3) of the Code. 
  

 21. 

 (o) “Director” means a member of the Board. 
 (p) “Disability” means, with respect to a Participant, the inability of such Participant to engage in any substantial gainful
activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, as provided in Section 22(e)(3) and
409A(a)(2)(c)(i) of the Code. 
 (q) “Effective Date” means the effective date of the Plan as set forth in
Section 11. 
 (r) “Employee” means any person employed by the Company or an Affiliate. However, service
solely as a Director, or payment of a fee for such services, shall not cause a Director to be considered an “Employee” for purposes of the Plan. 
 (s) “Entity” means a corporation, partnership, limited liability company or other entity. 
 (t) “Exchange Act” means the Securities Exchange Act of 1934, as amended. 
 (u) “Exchange Act Person” means any natural person, Entity or “group” (within the meaning of Section 13(d) or 14(d) of the Exchange Act), except that “Exchange Act Person” shall not
include (i) the Company or any Subsidiary of the Company, (ii) any employee benefit plan of the Company or any Subsidiary of the Company or any trustee or other fiduciary holding securities under an employee benefit plan of the Company or
any Subsidiary of the Company, (iii) an underwriter temporarily holding securities pursuant to an offering of such securities, (iv) an Entity Owned, directly or indirectly, by the stockholders of the Company in substantially the same
proportions as their Ownership of stock of the Company; or (v) any natural person, Entity or “group” (within the meaning of Section 13(d) or 14(d) of the Exchange Act) that, as of the Effective Date, is the Owner, directly or
indirectly, of securities of the Company representing more than fifty percent (50%) of the combined voting power of the Company’s then outstanding securities. 
 (v) “Fair Market Value” means, as of any date, the value of the Common Stock determined as follows: 
 (i) If the Common Stock is listed on any established stock exchange or traded on the Nasdaq Global Select Market or the Nasdaq Global Market, the Fair Market Value of a share of Common Stock shall be the
closing sales price for such stock as quoted on such exchange (or the exchange or market with the greatest volume of trading in the Common Stock) on the date of determination, as reported in The Wall Street Journal or such other source as the
Board deems reliable. 
 (ii) In the absence of such markets for the Common Stock, the Fair Market Value shall be determined by the
Board in good faith and in a manner that complies with Section 409A of the Code. 
  

 22. 

 (w) “Incentive Stock Option” means an Option which qualifies as an
“incentive stock option” within the meaning of Section 422 of the Code and the regulations promulgated thereunder. 
 (x)
“IPO Date” means the date of the underwriting agreement between the Company and the underwriter(s) managing the initial public offering of the Common Stock, pursuant to which the Common Stock is priced for the initial
public offering. 
 (y) “Non-Employee Director” means a Director who either (i) is not a current employee
or officer of the Company or an Affiliate, does not receive compensation, either directly or indirectly, from the Company or an Affiliate for services rendered as a consultant or in any capacity other than as a Director (except for an amount as to
which disclosure would not be required under Item 404(a) of Regulation S-K promulgated pursuant to the Securities Act (“Regulation S-K”)), does not possess an interest in any other transaction for which disclosure would
be required under Item 404(a) of Regulation S-K, and is not engaged in a business relationship for which disclosure would be required pursuant to Item 404(b) of Regulation S-K; or (ii) is otherwise considered a “non-employee
director” for purposes of Rule 16b-3. 
 (z) “Nonstatutory Stock Option” means an Option that does not
qualify as an Incentive Stock Option. 
 (aa) “Officer” means a person who is an officer of the Company within
the meaning of Section 16 of the Exchange Act and the rules and regulations promulgated thereunder. 
 (bb)
“Option” means an Incentive Stock Option or a Nonstatutory Stock Option to purchase shares of Common Stock granted pursuant to the Plan. 
 (cc) “Option Agreement” means a written agreement between the Company and an Optionholder evidencing the terms and conditions of an Option grant. Each Option Agreement shall be subject
to the terms and conditions of the Plan. 
 (dd) “Optionholder” means a person to whom an Option is granted
pursuant to the Plan or, if applicable, such other person who holds an outstanding Option. 
 (ee) “Other Stock
Award” means an award based in whole or in part by reference to the Common Stock which is granted pursuant to the terms and conditions of Section 6(e). 
 (ff) “Other Stock Award Agreement” means a written agreement between the Company and a holder of an Other Stock Award evidencing the terms and conditions of an Other Stock Award grant.
Each Other Stock Award Agreement shall be subject to the terms and conditions of the Plan. 
 (gg) “Outside
Director” means a Director who either (i) is not a current employee of the Company or an “affiliated corporation” (within the meaning of Treasury Regulations promulgated under Section 162(m) of the Code), is not a
former employee of the Company or an “affiliated corporation” who receives compensation for prior services (other than benefits under a tax-qualified retirement plan) during the taxable year, has not been an officer of the Company or an
“affiliated corporation,” and does not receive remuneration from the Company or an “affiliated corporation,” either directly or indirectly, in any capacity other than as a Director, or (ii) is otherwise considered an
“outside director” for purposes of Section 162(m) of the Code. 
  

 23. 

 (hh) “Own,” “Owned,”
“Owner,” “Ownership” A person or Entity shall be deemed to “Own,” to have “Owned,” to be the “Owner” of, or to have acquired “Ownership” of securities if
such person or Entity, directly or indirectly, through any contract, arrangement, understanding, relationship or otherwise, has or shares voting power, which includes the power to vote or to direct the voting, with respect to such securities.

 (ii) “Participant” means a person to whom an Award is granted pursuant to the Plan or, if applicable, such
other person who holds an outstanding Stock Award. 
 (jj) “Performance Cash Award” means an award of cash
granted pursuant to the terms and conditions of Section 6(d)(ii). 
 (kk) “Performance Criteria” means
the one or more criteria that the Board shall select for purposes of establishing the Performance Goals for a Performance Period. The Performance Criteria that shall be used to establish such Performance Goals may be based on any one of, or
combination of, the following: (i) earnings per share; (ii) earnings before interest, taxes and depreciation; (iii) earnings before interest, taxes, depreciation and amortization (EBITDA); (iv) total stockholder return;
(v) return on equity; (vi) return on assets, investment, or capital employed; (vii) operating margin; (viii) gross margin; (ix) operating income; (x) net income (before or after taxes); (xi) net operating income;
(xii) net operating income after tax; (xiii) pre- and after-tax income; (xiv) pre-tax profit; (xv) operating cash flow; (xvi) sales or revenue targets; (xvii) orders and revenue; (xviii) increases in revenue or
product revenue; (xix) expenses and cost reduction goals; (xx) improvement in or attainment of expense levels; (xxi) improvement in or attainment of working capital levels; (xxii) economic value added (or an equivalent metric);
(xxiii) market share; (xxiv) cash flow; (xxv) cash flow per share; (xxvi) share price performance; (xxvii) debt reduction; (xxviii) implementation or completion of projects or processes; (xxix) customer
satisfaction; (xxx) stockholders’ equity; (xxxi) quality measures; and (xxxii) to the extent that an Award is not intended to comply with Section 162(m) of the Code, other measures of performance selected by the Board.
Partial achievement of the specified criteria may result in the payment or vesting corresponding to the degree of achievement as specified in the Stock Award Agreement or the written terms of a Performance Cash Award. The Board shall, in its sole
discretion, define the manner of calculating the Performance Criteria it selects to use for such Performance Period. 
 (ll)
“Performance Goals” means, for a Performance Period, the one or more goals established by the Board for the Performance Period based upon the satisfaction of the Performance Criteria. Performance Goals may be based on a
Company-wide basis, with respect to one or more business units, divisions, Affiliates, or business segments, and in either absolute terms or relative to the performance of one or more comparable companies or the performance of one or more relevant
indices. At the time of the grant of any Awards, the Board is authorized to determine whether, when calculating the attainment of Performance Goals for a Performance Period: (i) to exclude restructuring and/or other nonrecurring charges;
(ii) to exclude exchange rate effects, as applicable, for non-U.S. dollar denominated net sales and operating earnings; (iii) to exclude the effects of changes to generally accepted accounting standards required by the 

  

 24. 

 
Financial Accounting Standards Board; (iv) to exclude the effects of any statutory adjustments to corporate tax rates; and (v) to exclude the
effects of any “extraordinary items” as determined under generally accepted accounting principles. In addition, the Board retains the discretion to reduce or eliminate the compensation or economic benefit due upon attainment of Performance
Goals. 
 (mm) “Performance Period” means one or more periods of time, which may be of varying and overlapping
duration, as the Committee may select, over which the attainment of one or more Performance Goals will be measured for the purpose of determining a Participant’s right to and the payment of a Performance Stock Award or a Performance Cash Award.

 (nn) “Performance Stock Award” means an award of shares of Common Stock which is granted pursuant to the
terms and conditions of Section 6(d)(i). 
 (oo) “Plan” means this Entropic Communications, Inc. 2007
Equity Incentive Plan. 
 (pp) “Prior Plans” means the Company’s 2001 Stock Option Plan and the RF Magic,
Inc. 2000 Incentive Stock Plan, each as in effect immediately prior to the Effective Date. 
 (qq) “Restricted Stock
Award” means an award of shares of Common Stock which is granted pursuant to the terms and conditions of Section 6(a). 
 (rr) “Restricted Stock Award Agreement” means a written agreement between the Company and a holder of a Restricted Stock Award evidencing the terms and conditions of a Restricted Stock Award grant. Each
Restricted Stock Award Agreement shall be subject to the terms and conditions of the Plan. 
 (ss) “Restricted Stock Unit
Award” means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 6(b). 
 (tt) “Restricted Stock Unit Award Agreement” means a written agreement between the Company and a holder of a Restricted Stock Unit Award evidencing the terms and conditions of a Restricted Stock Unit Award
grant. Each Restricted Stock Unit Award Agreement shall be subject to the terms and conditions of the Plan. 
 (uu) “Rule
16b-3” means Rule 16b-3 promulgated under the Exchange Act or any successor to Rule 16b-3, as in effect from time to time. 
 (vv) “Securities Act” means the Securities Act of 1933, as amended. 
 (ww) “Stock
Appreciation Right” means a right to receive the appreciation on Common Stock that is granted pursuant to the terms and conditions of Section 6(c). 
 (xx) “Stock Appreciation Right Agreement” means a written agreement between the Company and a holder of a Stock Appreciation Right evidencing the terms and conditions of a Stock
Appreciation Right grant. Each Stock Appreciation Right Agreement shall be subject to the terms and conditions of the Plan. 
  

 25. 

 (yy) “Stock Award” means any right to receive Common Stock granted under
the Plan, including an Option, a Restricted Stock Award, a Restricted Stock Unit Award, a Stock Appreciation Right, a Performance Stock Award, or any Other Stock Award. 
 (zz) “Stock Award Agreement” means a written agreement between the Company and a Participant evidencing the terms and conditions of a Stock Award grant. Each Stock Award Agreement shall
be subject to the terms and conditions of the Plan. 
 (aaa) “Subsidiary” means, with respect to the Company,
(i) any corporation of which more than fifty percent (50%) of the outstanding capital stock having ordinary voting power to elect a majority of the board of directors of such corporation (irrespective of whether, at the time, stock of any
other class or classes of such corporation shall have or might have voting power by reason of the happening of any contingency) is at the time, directly or indirectly, Owned by the Company, and (ii) any partnership, limited liability company or
other entity in which the Company has a direct or indirect interest (whether in the form of voting or participation in profits or capital contribution) of more than fifty percent (50%). 
 (bbb) “Ten Percent Stockholder” means a person who Owns (or is deemed to Own pursuant to Section 424(d) of the Code)
stock possessing more than ten percent (10%) of the total combined voting power of all classes of stock of the Company or any Affiliate. 
  

 26. 

 ENTROPIC COMMUNICATIONS, INC. 
 2007 EQUITY INCENTIVE PLAN 
 OPTION AGREEMENT 
 (INCENTIVE
STOCK OPTION OR NONSTATUTORY STOCK OPTION) 
 Pursuant to your Option Grant Notice (“Grant Notice”) and this Option Agreement, Entropic Communications, Inc. (the “Company”) has granted you an option under its 2007 Equity Incentive Plan
(the “Plan”) to purchase the number of shares of the Company’s Common Stock indicated in your Grant Notice at the exercise price indicated in your Grant Notice. Defined terms not explicitly defined in this Option
Agreement but defined in the Plan shall have the same definitions as in the Plan. 
 The details of your option are as follows: 

1. VESTING. Subject to the limitations contained herein, your option will vest as provided in your Grant Notice, provided that
vesting will cease upon the termination of your Continuous Service. 
 2. NUMBER OF SHARES
AND EXERCISE PRICE. The number of shares of Common Stock subject to your option and your exercise price per share referenced in your Grant Notice may be adjusted from time to time for Capitalization
Adjustments. 
 3. EXERCISE RESTRICTION FOR NON-EXEMPT
EMPLOYEES. In the event that you are an Employee eligible for overtime compensation under the Fair Labor Standards Act of 1938, as amended (i.e., a “Non-Exempt Employee”), you may not exercise your
option until you have completed at least six (6) months of Continuous Service measured from the Date of Grant specified in your Grant Notice, notwithstanding any other provision of your option. 
 4. METHOD OF PAYMENT. Payment of the exercise price is due in full upon exercise of all or any part
of your option. You may elect to make payment of the exercise price in cash or by check or in one or more of the following manners: 
 a.
Provided that at the time of exercise the Common Stock is publicly traded and quoted regularly in The Wall Street Journal, pursuant to a program developed under Regulation T as promulgated by the Federal Reserve Board that, prior to the
issuance of Common Stock, results in either the receipt of cash (or check) by the Company or the receipt of irrevocable instructions to pay the aggregate exercise price to the Company from the sales proceeds. 
 b. Provided that at the time of exercise the Common Stock is publicly traded and quoted regularly in The Wall Street Journal, by delivery
to the Company (either by actual delivery or attestation) of already-owned shares of Common Stock that are owned free and clear of any liens, claims, encumbrances or security interests, and that are valued at Fair Market Value on the date of
exercise. “Delivery” for these purposes, in the sole discretion of the Company at the time you exercise your option, shall include delivery to the Company of your attestation of 

  

 27. 

 
ownership of such shares of Common Stock in a form approved by the Company. Notwithstanding the foregoing, you may not exercise your option by tender to the
Company of Common Stock to the extent such tender would violate the provisions of any law, regulation or agreement restricting the redemption of the Company’s stock. 
 c. Provided that at the time of exercise the Common Stock is publicly traded and quoted regularly in The Wall Street Journal, and subject to the consent of the Company at the time of exercise, by a “net
exercise” arrangement pursuant to which the Company will reduce the number of shares of Common Stock issued upon exercise of your option by the largest whole number of shares with a Fair Market Value that does not exceed the aggregate exercise
price; provided, however, that the Company shall accept a cash or other payment from you to the extent of any remaining balance of the aggregate exercise price not satisfied by such reduction in the number of whole shares to be issued; provided
further, however, that shares of Common Stock will no longer be outstanding under your option and will not be exercisable thereafter to the extent that (1) shares are used to pay the exercise price pursuant to the “net exercise,”
(2) shares are delivered to you as a result of such exercise, and (3) shares are withheld to satisfy tax withholding obligations. 
 5. WHOLE SHARES. You may exercise your option only for whole shares of Common Stock. 
 6.
SECURITIES LAW COMPLIANCE. Notwithstanding anything to the contrary contained herein, you may not exercise your option unless the shares of Common Stock issuable upon such exercise are then registered
under the Securities Act or, if such shares of Common Stock are not then so registered, the Company has determined that such exercise and issuance would be exempt from the registration requirements of the Securities Act. The exercise of your option
also must comply with other applicable laws and regulations governing your option, and you may not exercise your option if the Company determines that such exercise would not be in material compliance with such laws and regulations. 
 7. TERM. You may not exercise your option before the commencement or after the expiration of its term. The term of your option
commences on the Date of Grant and expires upon the earliest of the following: 
 a. immediately upon the termination of your
Continuous Service for Cause; 
 b. three (3) months after the termination of your Continuous Service for any reason other than
Cause, your Disability or death; provided, however, that (i) if during any part of such three (3) month period your option is not exercisable solely because of the condition set forth in Section 6, your option shall not expire
until the earlier of the Expiration Date or until it shall have been exercisable for an aggregate period of three (3) months after the termination of your Continuous Service and (ii) if (x) you are a Non-Exempt Employee, (y) you
terminate your Continuous Service within six (6) months after the Date of Grant specified in your Grant Notice, and (z) you have vested in a portion of your option at the time of your termination of Continuous Service, your option shall
not expire until the earlier of (A) the later of the date that is seven (7) months after the Date of Grant specified in your Grant Notice or the date that is three (3) months after the termination of your Continuous Service, or
(B) the Expiration Date; 
  

 28. 

 c. twelve (12) months after the termination of your Continuous Service due to your
Disability; 
 d. twelve (12) months after your death if you die either during your Continuous Service or within three
(3) months after your Continuous Service terminates for any reason other than Cause; 
 e. the Expiration Date indicated in your
Grant Notice; or 
 f. the day before the tenth (10th) anniversary of the Date of Grant. 
 If your option is an Incentive Stock Option, note that to obtain the federal income tax advantages associated with an Incentive Stock Option, the Code
requires that at all times beginning on the date of grant of your option and ending on the day three (3) months before the date of your option’s exercise, you must be an employee of the Company or an Affiliate, except in the event of your
death or Disability. The Company has provided for extended exercisability of your option under certain circumstances for your benefit but cannot guarantee that your option will necessarily be treated as an Incentive Stock Option if you continue to
provide services to the Company or an Affiliate as a Consultant or Director after your employment terminates or if you otherwise exercise your option more than three (3) months after the date your employment with the Company or an Affiliate
terminates. 
 8. EXERCISE. 
 a. You may exercise the vested portion of your option during its term by delivering a Notice of Exercise (in a form designated by the Company) together with the exercise price to the Secretary of the Company,
or to such other person as the Company may designate, during regular business hours, together with such additional documents as the Company may then require. 
 b. By exercising your option you agree that, as a condition to any exercise of your option, the Company may require you to enter into an arrangement providing for the payment by you to the Company of any tax
withholding obligation of the Company arising by reason of (i) the exercise of your option, or (ii) the disposition of shares of Common Stock acquired upon such exercise. 
 c. If your option is an Incentive Stock Option, by exercising your option you agree that you will notify the Company in writing within fifteen
(15) days after the date of any disposition of any of the shares of the Common Stock issued upon exercise of your option that occurs within two (2) years after the date of your option grant or within one (1) year after such shares of
Common Stock are transferred upon exercise of your option. 
 9. TRANSFERABILITY. Your option is not transferable,
except by will or by the laws of descent and distribution, and is exercisable during your life only by you. Notwithstanding the foregoing, by delivering written notice to the Company, in a form satisfactory to the Company, you may designate a third
party who, in the event of your death, shall thereafter be entitled to exercise your option. In addition, you may transfer your option to a trust if you are considered to be the sole beneficial owner (determined under Section 671 of the Code
and applicable state law) while the option is held in the trust, provided that you and the trustee enter into transfer and other agreements required by the Company. 
  

 29. 

 10. OPTION NOT A SERVICE
CONTRACT. Your option is not an employment or service contract, and nothing in your option shall be deemed to create in any way whatsoever any obligation on your part to continue in the employ of the Company or an Affiliate, or of
the Company or an Affiliate to continue your employment. In addition, nothing in your option shall obligate the Company or an Affiliate, their respective stockholders, Boards of Directors, Officers or Employees to continue any relationship that you
might have as a Director or Consultant for the Company or an Affiliate. 
 11. WITHHOLDING OBLIGATIONS. 

 a. At the time you exercise your option, in whole or in part, or at any time thereafter as requested by the Company, you hereby
authorize withholding from payroll and any other amounts payable to you, and otherwise agree to make adequate provision for (including by means of a “cashless exercise” pursuant to a program developed under Regulation T as promulgated by
the Federal Reserve Board to the extent permitted by the Company), any sums required to satisfy the federal, state, local and foreign tax withholding obligations of the Company or an Affiliate, if any, which arise in connection with the exercise of
your option. 
 b. Upon your request and subject to approval by the Company, in its sole discretion, and compliance with any
applicable legal conditions or restrictions, the Company may withhold from fully vested shares of Common Stock otherwise issuable to you upon the exercise of your option a number of whole shares of Common Stock having a Fair Market Value, determined
by the Company as of the date of exercise, not in excess of the minimum amount required to be withheld by law (or such lower amount as may be necessary to avoid classification of your option as a liability for financial accounting purposes). Any
adverse consequences to you arising in connection with such share withholding procedure shall be your sole responsibility. 
 c. You
may not exercise your option unless the tax withholding obligations of the Company and/or any Affiliate are satisfied. Accordingly, you may not be able to exercise your option when desired even though your option is vested, and the Company shall
have no obligation to issue a certificate for such shares of Common Stock or release such shares of Common Stock from any escrow provided for herein unless such obligations are satisfied. 
 12. NOTICES. Any notices provided for in your option or the Plan shall be given in writing and shall be deemed effectively given
upon receipt or, in the case of notices delivered by mail by the Company to you, five (5) days after deposit in the United States mail, postage prepaid, addressed to you at the last address you provided to the Company. 
 13. GOVERNING PLAN DOCUMENT. Your option is subject to all the provisions of the Plan, the provisions
of which are hereby made a part of your option, and is further subject to all interpretations, amendments, rules and regulations, which may from time to time be promulgated and adopted pursuant to the Plan. In the event of any conflict between the
provisions of your option and those of the Plan, the provisions of the Plan shall control. 
  

 30. 

 ENTROPIC COMMUNICATIONS, INC. 
 2007 EQUITY INCENTIVE PLAN 
 OPTION GRANT NOTICE 
 Entropic Communications, Inc. (the
“Company”), pursuant to its 2007 Equity Incentive Plan (the “Plan”), hereby grants to Optionholder an option to purchase the number of shares of the Company’s Common Stock set forth below. This
option is subject to all of the terms and conditions as set forth herein and in the Option Agreement, the Plan, and the Notice of Exercise, all of which are attached hereto and incorporated herein in their entirety. 
  

			
	Optionholder:	  	                                      
          
	Date of Grant:	  	                                      
          
	Vesting Commencement Date:	  	                                      
          
	Number of Shares Subject to Option:	  	                                      
          
	Exercise Price (Per Share):	  	                                      
          
	Total Exercise Price:	  	                                      
          
	Expiration Date:	  	                                      
          

  

					
	Type of Grant:	  	 ̈ Incentive Stock Option1	  	                             ̈ Nonstatutory Stock Option
		
	Exercise Schedule:	  	Same as Vesting Schedule
		
	Vesting Schedule:	  	[Initial Grant: 1/4th of the shares vest and become exercisable on the first
anniversary of the Vesting Commencement Date; the balance of the shares vest and become exercisable in a series of thirty-six (36) successive equal monthly installments measured from the first anniversary of the Vesting Commencement
Date.]
		
		  	[Refresher Grant: The shares vest and become exercisable in a series of forty-eight (48) successive equal monthly installments over the four (4)-year period measured from the Vesting
Commencement Date.]
		
	Payment:	  	By one or a combination of the following items (described in the Option Agreement):
		
		  	 x       By cash or check

		  	 x       Pursuant to a Regulation T Program if the Shares are
publicly traded

		  	 x       By delivery of already-owned shares if the Shares
are publicly traded

		  	  ̈        By net exercise2

 Additional Terms/Acknowledgements: The undersigned Optionholder acknowledges receipt of, and understands
and agrees to, this Option Grant Notice, the Option Agreement, and the Plan. Optionholder further acknowledges that as of the Date of Grant, this Option Grant Notice, the Option Agreement, and the Plan set forth the entire understanding between
Optionholder and the Company regarding the acquisition of stock in the Company and supersede all prior oral and written agreements on that subject with the exception of (i) options previously granted and delivered to Optionholder under the
Plan, and (ii) the following agreements only: 
  

			
	OTHER AGREEMENTS:	    	  

		    	  

  
  

	 1
	 If this is an Incentive Stock Option, it (plus other outstanding Incentive Stock Options) cannot be first
exercisable for more than $100,000 in value (measured by exercise price) in any calendar year. Any excess over $100,000 is a Nonstatutory Stock Option. 

	 2
	 An Incentive Stock Option may not be exercised by a net exercise arrangement. 

  

 31. 

									
	ENTROPIC COMMUNICATIONS, INC.	 		 	OPTIONHOLDER:
				
	By:	 	  
	 		 	  

		 	Signature	 		 	Signature
					
	Title:	 	  
	 		 	Date:	 	  

					
	Date:	 	  
	 		 		 	

 ATTACHMENTS: Option Agreement, 2007 Equity Incentive Plan, and Notice of
Exercise 
  

 32. 

 ATTACHMENT I 
 OPTION AGREEMENT 
  

 33. 

 ATTACHMENT II 
 2007 EQUITY INCENTIVE PLAN 
  

 34. 

 ATTACHMENT III 
 ENTROPIC COMMUNICATIONS, INC. 
 2007 EQUITY INCENTIVE PLAN 
 NOTICE OF
EXERCISE 
  

			
	Entropic Communications, Inc.	 	
	9276 Scranton Road, Suite 200	 	
	San Diego, CA 92121	 	Date of Exercise:                     

 Ladies and Gentlemen: 
 This constitutes notice under my stock option that I elect to purchase the number of shares for the price set forth below. 
  

						
	 Type of option (check one):
	  	 	 ̈  Incentive	  	 ̈  Nonstatutory
			
	 Stock option dated:
	  	 	                    	  	
			
	 Number of shares as to which option is exercised:
	  	 	                    	  	
			
	 Shares to be issued in name of:
	  	 	                    	  	
			
	 Total exercise price:
	  	$	                    	  	
			
	 Cash or check payment delivered herewith:
	  	$	                    	  	
			
	 Regulation T Program (cashless exercise)
	  	$	                    	  	
			
	Value of              shares of Entropic Communications, Inc. Common Stock delivered herewith3:	  	$	
                     
	  	
			
	[Value of              shares of Entropic Communications, Inc. common stock pursuant to net exercise4:]	  	$	
                     
	  	

  
  

	 3
	 Shares must meet the public trading requirements set forth in the option. Shares must be valued on the date of exercise
in accordance with the terms of the Plan and the option being exercised, and must be owned free and clear of any liens, claims, encumbrances or security interests. Certificates must be endorsed or accompanied by an executed assignment separate from
certificate. 

	 4
	 Entropic Communications, Inc. must have established net exercise procedures at the time of exercise in order to utilize
this payment method and must expressly consent to your use of net exercise at the time of exercise. 

  

 35. 

 By this exercise, I agree (i) to provide such additional documents as you may require pursuant to
the terms of the Entropic Communications, Inc. 2007 Equity Incentive Plan, (ii) to provide for the payment by me to you (in the manner designated by you) of your withholding obligation, if any, relating to the exercise of this option, and
(iii) if this exercise relates to an incentive stock option, to notify you in writing within fifteen (15) days after the date of any disposition of any of the shares of Common Stock issued upon exercise of this option that occurs within
two (2) years after the date of grant of this option or within one (1) year after such shares of Common Stock are issued upon exercise of this option. 
  

	
	Very truly yours,
	
	  

	[Name]

  

 36.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00138-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00138-of-00352.parquet"}]]