Document:

EX-10.11

 Exhibit 10.11 

MEGACHIPS CORPORATION 

SITIME CORPORATION 

RESTRICTED STOCK UNIT AGREEMENT 

THIS RESTRICTED STOCK UNIT AGREEMENT (hereinafter, this “Agreement”) made as of the      day of
        , 20     (the “Agreement Date”), between MegaChips Corporation, a Japanese corporation (“MCC”), and SiTime Corporation, a Delaware
corporation (“SiTime”, together with MCC, the “Company”) on one hand, and                      (the
“Participant”) on other hand. 
 WHEREAS, the Participant is employed by, or otherwise renders services to, a
Participating Company; and 
 WHEREAS, the Company wishes to grant to the Participant an award of restricted stock units under the MegaChips
Corporation Restricted Stock Unit Plan (the “Plan”), and subject to the conditions and restrictions set forth in the Plan and this Agreement. Any capitalized terms used in this Agreement that are not otherwise defined herein
shall have the respective definitions set forth in the Plan. 
 NOW THEREFORE, in consideration of the mutual covenants contained in this
Agreement, the Company and the Participant agree as follows: 
 1.    Grant of Units. The Company
agrees to grant to the Participant                      restricted stock units (collectively, the “Units”), effective as of
            , 20    , Japan Standard Time. Each Unit represents a right to receive one share of common stock of MCC (“Common Stock”) or its
equivalent in cash, as set forth herein. Upon the Participant’s payment of One Cent per Unit (the “Consideration”) to the Company on each payment date set forth in Schedule 1 attached hereto, the number of
share(s) of Common Stock which is equal to     % of the Units that vest on the applicable payment date corresponding to the associated Notice Date (as defined below) shall be issued to the Participant (shares issued in
each such instance, collectively, the “Shares”) and the remaining     % of such vested Units shall be paid to the Participant in cash (in the manner as provided in Section 3) (the
“Cash Award”), as calculated based on the closing price of Common Stock as of such payment date. Prior to the issuance date of the Shares represented by a Unit, the Participant shall have no ownership interest in the Common
Stock represented by such Unit and the Participant shall have no right to vote, exercise proxies, or receive dividends or other distributions with respect to the Common Stock represented by such Unit. No stock certificates will be issued, and no
book entry will be made evidencing the Participant’s ownership of the Shares unless and until the Participant pays the Consideration in accordance with Section 2 below. The Units shall be subject to forfeiture and other restrictions as set
forth below. 
 2.    Vesting of Units. The Units will vest according to the schedule attached
hereto as Schedule 1, provided that the Participant has continuously provided Service (as defined in the Plan) for the Participating Company through the applicable payment date corresponding to such Notice Date and that the Consideration has
been paid on or before such payment date. If the Participant’s Service terminates for any reason, whether voluntarily or involuntarily (including as a result of the Participant’s death or disability), prior to the payment date associated
with the 

 
number of Units as set forth in the corresponding Application Notice (as defined below), then the Participant shall forfeit the Units as specified in such Application Notice. The Participant
shall also forfeit the Units if the Participant does not pay the Consideration on or before the applicable payment date as set faith in such Application Notice corresponding to such Notice Date. 

3.    Procedures for Issuance of Shares and Payment of Cash Award. On each notice date set forth in
Schedule 1 (the “Notice Date”), MCC shall provide the Participant with a Notice on Application for Subscription for Shares in substantially the form attached hereto as Annex A-1
(Japanese original) (the “Application Notice” and its English translation is attached hereto as Annex A-2); provided that if a Notice Date falls on a Saturday, Sunday or
MCC’s holiday, MCC shall provide the Participant with the Application Notice on the immediately preceding business day. Upon receipt of the Application Notice, the Participant shall submit to MCC a duly signed Application for Subscription for
Shares in substantially the form attached hereto as Annex B-1 (Japanese original) (the “Subscription Notice” and its English translation is attached hereto as Annex B-2). Upon receipt of the duly signed Subscription Notice and the Consideration, MCC shall provide the Participant with a share allotment notice in substantially the form attached hereto as Annex C-1 (Japanese original) (the “Allotment Notice” and its English translation is attached hereto as Annex C-2), provide for book entry
transfer of Shares to the Participant, and pay the applicable Cash Award to the Participant. For purposes of the foregoing, (a) the Consideration shall be deemed to have been paid by the Participant to MCC when SiTime has made such payment to
MCC on behalf of the Participant; (b) SiTime will collect the funds for the Consideration from the Participant in the payment period immediately following the Notice Date and will pay such Consideration to MCC; and (c) the applicable Cash
Award shall be deemed to be paid to the Participant upon MCC’s payment of such Cash Award to SiTime, which SiTime shall pay over to the Participant, less any legally required withholdings, on the next regularly scheduled payday for the
Participant. 
 4.    Status of Shares. Upon issuance of the Shares, they will: 

 

	 	(i)	 be credited as fully paid for; 

 

	 	(ii)	 rank equally with the other existing issued shares of Common Stock for dividends having a record date on or
after the date of issuance; and 

  

	 	(iii)	 otherwise rank equally with the other existing issued shares of Common Stock at the time of the issuance.

 5.    Forfeiture. If the Participant’s Service is terminated prior to the
applicable payment date corresponding to such a Notice Date for any reason or if the Participant does not pay the Consideration on or before the applicable payment date corresponding to such Notice Date, all of the unvested Units will be immediately
forfeited. In the event of such forfeiture, all rights to receive the Shares and the Cash Award with respect to such forfeited Units shall cease and terminate immediately. 

6.    Assignability/Beneficiary. The rights of the Participant with respect to the Units cannot and
shall not be sold, assigned, pledged or otherwise transferred or encumbered. 

 7.    Tax Reporting and Withholding. At the time
the Shares are to be issued and the Cash Payment is to be paid to the Participant, the Participant must make such arrangements satisfactory to the Company that are sufficient to satisfy any federal, state, local and foreign tax withholding
requirements with which the Participating Company must comply. The Company reserves the right to report such income in connection with the vesting of Units, the issuance of Shares, and the payment of Cash Awards, as determined in the Company’s
sole discretion to be appropriate under applicable laws. The Participant acknowledges and agrees that in the event that a Cash Award is not sufficient to cover the Participating Company’s tax withholding obligation, the Participant shall
promptly pay the amount of the shortfall to the Participating Company in immediately available funds. 

8.    Rights as a Shareholder. The Participant shall not be, nor have any rights of, a shareholder of
the Company or have any right to notice of meetings of shareholders or of any other proceedings of the Company prior to the issuance of Shares to the Participant. 

9.    Changes in Capital Structure. Subject to applicable law, the number of Shares to be issued to
the Participant upon the vesting of any Units will be adjusted appropriately in the event of any stock split, stock dividend, combination of shares, merger, consolidation, reorganization, or other change in the nature of the shares of Common Stock
in the same manner in which other outstanding shares of Common Stock not subject to this Agreement are adjusted; provided, however, that the number of shares subject to this Agreement shall always be a whole number. Notwithstanding the foregoing, in
the event that an increase in the number of the Shares is not permissible under applicable law, an equitable adjustment shall be made so that the Participant shall enjoy the same economic benefits as prior to such changes in capital structure. 

10.    Certain Representations and Warranties. The Participant hereby represents, warrants and agrees
with the Company as follows: 
  

	 	(i)	 Restricted Securities. The Participant understands that the Units are “restricted securities”
under applicable U.S. federal and state securities laws and that, under Section 6 above, the Participant cannot and shall not sell, assign, pledge or otherwise transfer or encumber the Units. The Participant further understands that the Shares,
once issued, are “restricted securities” under applicable U.S. federal and state securities laws and that, pursuant to such laws, the Participant must hold the Shares indefinitely unless the Shares are registered with the Securities and
Exchange Commission and qualified by state authorities or an exemption from such registration and qualification requirements is available. The Participant acknowledges that the Company has no obligation to register or qualify the Shares. The
Participant further acknowledges that if an exemption from registration or qualification requirements is available, such exemption may be conditioned on various requirements, including, but not limited to, the time and manner of sale, the holding
period for the Shares, and on requirements relating to the Company which are outside of the Participant’s control and which the Company is under no obligation to, and may not be able to, satisfy. The Participant understands that the Participant
may not sell Shares pursuant to a safe harbor under Rule 144 of the Securities Act until one year has elapsed since the issuance of such Shares to the Participant. 

	 	(ii)	 Investment Risk. The Participant acknowledges that the Units and the Shares are speculative investments
that involve a substantial degree of risk of loss of the Participant’s entire investment in the Units and/or Shares, that the Participant understands the risks related to any grant of the Units and any purchase of the Shares, and that any
projections for the Company or any of its affiliates involve numerous assumptions, are inherently uncertain, and should not be used as a substantial basis for determining whether to acquire the Units or the Shares. 

 

	 	(iii)	 No Representations By the Company. Neither the Company, its affiliates nor any of their respective
officers, agents or employees, nor any other person has at any time expressly or implicitly represented, guaranteed or warranted to the Participant that (i) a percentage of profit and/or amount or type of consideration will be realized as a
result of an investment in the Shares, (ii) past performance or experience, on the part of any person indicates the predictable results of the ownership of the Units or the Shares or of the overall Company business, or (iii) any specific
tax benefits will accrue as a result of an investment in the Units or the Shares. 

  

	 	(iv)	 Consultation with Attorney. The Participant understands that he or she has not been represented in this
transaction by Squire Patton Boggs (US) LLP, which is counsel to the Company and its affiliates with respect to the subject matter hereof. The Participant has been advised to consult with the Participant’s own attorney and other professional
advisors regarding all legal and other matters concerning the Units or the Shares, including financial and tax consequences, and has done so, to the extent the Participant considers necessary. The Participant acknowledges that the tax consequences
to the Participant of the Units or the Shares will depend on the Participant’s particular circumstances, and neither the Company, its affiliates, nor any other person will be responsible or liable for the tax consequences to the Participant of
the Units or the Shares. The Participant will look solely to, and rely upon, the Participant’s own professional advisors with respect to the legal, financial and tax consequences of the Units and the Shares. 

 

	 	(v)	 Brokerage Account. The Participant understands that the Participant must open and maintain a brokerage
account with Daiwa Securities Co., Ltd., MCC’s designated broker (the “Broker”), to own or sell the Shares. Upon request, the Participant will promptly provide to the Broker information necessary for the Broker to open
and maintain the brokerage account for the Participant. The Participant acknowledges that the Participant’s brokerage account, once opened, is maintained by the Broker for the sole and exclusive benefit of the Participant as an individual to
own and sell the Shares, and that the Broker has no obligation to honor a request by the Participant to 

	 	
transfer beneficial ownership of any or all of the Shares to any family member (as defined in Rule 701 of the Securities Act, which includes a trust in which the Participant or the
Participant’s family members have more than 50% of the beneficial interests or any other entity in which the Participant or the Participant’s family members own more than 50% of the voting interests) of the Participant. The Participant
further understands that being an employee of the Participating Company is a precondition for the Participant to maintain the brokerage account with the Broker and that the Broker shall have no obligation to maintain such account after a thirty (30)
-day grace period from the one (1) -year anniversary of the termination of the Participant’s Services with the Participating Company for any reason. 

 

	 	(vi)	 Insider Trading Policy. The Participant acknowledges that MCC has adopted an Insider Trading Policy that
restricts the times and circumstances under which Insiders (as defined in the Insider Trading Policy) may trade in Common Stock and that the Insider Trading Policy requires Insiders to preclear any purchase or sale of Common Stock with the
applicable officer of MCC. The Participant has carefully reviewed and understands the Insider Trading Policy. The Participant will comply with the Insider Trading Policy in connection with any sale of the Shares. 

 

	 	(vii)	 Confirmation Agreement and Notice to the Tokyo Stock Exchange. The Participant understands that the
Enforcement Rules for Securities Listing Regulations adopted by the Tokyo Stock Exchange (the “TSE”), the stock exchange on which MCC’s shares are traded, requires the Participant, upon the issuance of the Shares, to
enter into a Confirmation Agreement with MCC in the form prescribed by the TSE. The Participant hereby agrees to promptly execute the Confirmation Agreement in such form as prescribed by the TSE (the “Confirmation Agreement”)
upon each issuance of the Shares. The Participant also understands that by signing the Confirmation Agreement, the Participant will agree that (a) MCC will promptly submit a copy of the Confirmation Agreement to the TSE, provided that the
Participant’s address will be blacked out in the submission copy to the TSE, (b) in connection with any sale of the Shares, the Participant will notify MCC in the prescribed form of certain information about such sale, including the name
and address of the transferee (if known), the number of shares sold, the selling price, the date and manner of the sale and the reason for the sale, and MCC in turn will submit the same information to the TSE in the prescribed form, and (c) a
copy of the Participant’s Confirmation Agreement (subject to the proviso of item (a) above) and the information, as submitted by MCC to the TSE pursuant to items (a) and (b) above, will become publicly available through the TSE’s
public disclosure system. 

 11.    Continued Employment. If the Participant is
an Employee, nothing contained herein shall be construed as conferring upon the Participant the right to continue in the employ of the Company or as changing the at-will relationship between the Participant
and the Participating Company. 

 12.    Parties to Agreement. All decisions or
interpretations of the Board and of the Committee with respect to this Agreement, the Units and the Shares shall be binding and conclusive upon the Participant and upon the Participant’s executors, administrators, beneficiaries, successors and
assigns. This Agreement will constitute an agreement between the Company and the Participant as of the date first above written, which shall bind and inure to the benefit of their respective executors, administrators, beneficiaries, successors and
assigns. 
 13.    Modification. No change, termination, waiver or modification of this Agreement
will be valid unless in writing and signed by all of the parties to this Agreement. 
 14.    Consent to
Jurisdiction and Venue. The Participant and the Company hereby consent irrevocably and unconditionally to the exclusive jurisdiction of the courts of the state of California for purposes of the enforcement of this Agreement. Any action
brought to enforce any claim to obtain any benefit under the Plan will be litigated in Santa Clara County state court in California or the United States District Court for the Northern District of California and no other. The Participant waives any
objection to venue of any action instituted under this Agreement. 
 15.    Notices. Any document
relating to participation in the Plan, or any notice required or permitted hereunder shall be given in writing and shall be deemed effectively given upon personal delivery, electronic delivery at the e-mail
address, if any, provided for the Participant by the Company, or, upon deposit in the U.S. Post Office or foreign postal service, by registered or certified mail, or with an internationally recognized overnight courier service, with postage and fees
prepaid, addressed to the other party at the address designated in writing from time to time to the other party. 

16.    Further Assurances. At any time, and from time to time after executing this Agreement, the
Participant will execute such additional instruments and take such actions as may be reasonably requested by the Company to confirm or perfect or otherwise to carry out the intent and purpose of this Agreement. 

17.    Provisions Severable. If any provision of this Agreement is invalid or unenforceable, it shall
not affect the other provisions, and this Agreement shall remain in effect as though the invalid or unenforceable provisions were omitted. Upon a determination that any term or other provision is invalid or unenforceable, the Company shall in good
faith modify this Agreement so as to effect the original intent of the parties as closely as possible. 

18.    Captions. Captions herein are for convenience of reference only and shall not be considered in
construing this Agreement. 
 19.    Entire Agreement; Effect of Plan. This Agreement represents
the parties’ entire understanding and agreement with respect to the grant of the Units and the issuance of the Shares, and each of the parties acknowledges that it has not made any, and makes no, promises, representations or undertakings, other
than those expressly set forth or referred to herein. This Agreement supersedes any prior understanding or agreement between the parties and any prior condition, warranty, indemnity or representation imposed, given or made by a party, with respect
to the subject matter hereof; provided, however, that this Agreement is subject to the terms and conditions set forth in the Plan. 

 20.    Governing Law. This Agreement is subject to
the condition that all Awards that are the subject of this Agreement will conform with any applicable provisions of any state or federal law or regulation (including any stock exchange regulation) in force either at the time of grant or issuance of
the Units and the Shares, as applicable. The Company reserves the right pursuant to the condition mentioned in this section to terminate all or a portion of this Agreement if, in the reasonable opinion of the Company, this Agreement does not conform
with any such applicable state, federal or foreign law or regulation and such nonconformance shall cause material harm to the Company. This Agreement shall be construed in accordance with and governed by the laws of the state of California, without
regard to conflicts of laws principles thereof. 
 21.    409A Compliance. Notwithstanding any
other provisions of the Agreement herein to the contrary and, to the extent applicable, this Agreement shall be interpreted, construed and administered in such manner so as to comply with the provisions of Section 409A of the Code and any
related Internal Revenue Service guidance promulgated thereunder. 
 22.    Waiver. The failure of
either party at any time to insist on performance of any provision of this Agreement is not a waiver of its right at any later time to insist on performance of that or any other provision of this Agreement. 

23.    Confidentiality. The terms of this Agreement and any subsequent amendments are confidential
and may not be disclosed by either party to any other person, other than: 
  

	 	(i)	 by a party to its professional advisers, attorneys, bankers, financial advisers and financiers if those persons
undertake to keep this deed confidential; or 

  

	 	(ii)	 to the extent required by law or by a court, regulatory body or under the rules of any stock exchange on which
the Common Stock of the Company is then traded. 

 24.    Headings. Headings are
for ease of reference only and do not affect the meaning of this Agreement. 
 25.    Taxes. Other
than as may be provided in Section 7 above, the Company is not responsible for any taxes arising from the grant of Units, the issuance of Shares, the payment of Cash Awards, or any sale of the Shares. 

26.    Counterparts. This Agreement may be signed in counterparts and all counterparts taken together
shall constitute one document. 
 27.    Language. If this Agreement is translated in any language,
the English version shall be controlling in all respects; provided, however, if there is any discrepancy between the Japanese version of the Application Notice, the Subscription Notice and the Allotment Notice and the English version of these
notices, the Japanese version shall be controlling. 
 (The balance of this page was intentionally left blank) 

 IN WITNESS WHEREOF, the parties hereto have executed this Restricted Stock Unit
Agreement as of the Agreement Date. 
  

			
	MEGACHIPS CORPORATION
		
	By:	 	  

		 	Akira Takata
		 	President and CEO
	
	SITIME CORPORATION
		
	By:	 	  

		 	Rajesh Vashist
		 	President and CEO
	
	PARTICIPANT
		
	By:EX-10.12

 Exhibit 10.12 

 
 

 
 THE BANK OF TOKYO-MITSUBISHI UFJ, LTD. 

LOS ANGELES BRANCH 

CALIFORNIA 
 BANK
TRANSACTION AGREEMENT 
 OF 

SiTime Corporation 

 BANK TRANSACTION AGREEMENT 

This BANK TRANSACTION AGREEMENT (“Agreement”) is made and dated as of August
31st, 2015, by and between Si Time Corporation (“Borrower”), and THE BANK OF TOKYO-MITSUBISHI UFJ, LTD. (“Bank”). 

RECITALS 

A.    Borrower has entered into and/or desires to enter into various bank transactions with Bank including without
limitation the borrowing of funds (each a “Loan” and, collectively, the “Loans”). 

B.    Bank is willing to transact business with Borrower provided that Borrower agrees to the terms and conditions
contained herein with respect to all transactions it enters with Bank. 
 NOW, THEREFORE, the parties hereto agree as follows: 

1.    DEFINITIONS. The following terms used in this Agreement shall have the following meanings unless the context
otherwise requires. 
 “Anti-Corruption Laws” mean all laws, rules and regulations of any jurisdiction concerning or
relating to bribery or corruption, including, but not limited to, the Foreign Corrupt Practice Act of 1977 (15 U.S.C. § 78dd-1, et seq.). 

“Anti-Terrorism Laws” mean any United States or other laws relating to economic or trade sanctions, terrorism or money
laundering, including the U.S. Executive Order no. 13224 of September 23, 2001 Blocking Property and Prohibiting Transactions with Person Who Commit, Threaten to Commit, or Support Terrorism, the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001) and the applicable laws administered by Office of Foreign Assets Control of the United States Department of the Treasury, the Trading with the Enemy Act (12 U.S.C.
§95), and the International Emergency Economic Powers Act (50 U.S.C. §1701-1707), and including laws, regulations, executive orders or sanctions relating to restrictive measures against the Republic of Iran. 

“Environmental Laws” mean any and all laws, rules, rules of common law, judgments, orders, regulations, directives, statutes,
ordinances, codes, decrees, or requirements of any governmental authority regulating, relating to or imposing liability of standards of conduct concerning protection of human health or safety or the environment now or in the future in effect. 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time. 

“Event of Default” has the meaning provided for in Paragraph 6.1. 

“Governmental Body” means any court, department, commission, board, bureau, agency, public authority or
instrumentality of the United States or any country, any state or any political subdivision thereof. 
 “Parent” means any
Person or entity that (a) owns, directly or indirectly, 50% or more of Borrower’s capital stock or other equity interest or ownership and/or (b) has provided to Bank any guaranty, letter of undertaking, letter of awareness, comfort
letter, support letter, letter of intent to guaranty or comparable document (each a “Credit Instrument”). 

“Person” means an individual, a partnership, a limited liability company, a corporation (including a business trust), a joint
stock company, a trust, an unincorporated association, a joint venture or any other entity of any type whatsoever, or any Governmental Body. 

  
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 “Property” means all types of real or personal property, including without
limitation, tangible, intangible or mixed property. 
 2.    THE APPLICABLE TRANSACTIONS. 

2.1.    Terms of Transactions. This Agreement shall be applicable to all transactions between Bank and Borrower and
to all conduct of or incident between Bank and Borrower relating to any such transactions unless otherwise specifically stated or superseded. Subject to the terms and conditions hereof, the Bank may, in its sole discretion, enter into transactions
with Borrower upon mutually agreeable terms and conditions as more particularly described in agreements, instruments and/or other documents to be executed by Borrower (singularly and collectively, “Document”) 

2.2.    Security Interest. 

(a) Upon the determination by Bank in its prior consultation with Borrower that collateral, additional collateral, guarantee or additional
guarantee is necessary to preserve Bank’s rights as against the Loans, Borrower shall furnish to Bank such collateral or additional collateral or such guarantee or additional guarantees as may be required by Bank. Borrower agrees to promptly
execute and deliver to Bank, if so requested by Bank in its prior consultation with Borrower, any and all additional instruments, including but not limited to the Security Agreement and Deposit Control Agreement, to perfect Bank’s security
interest in Borrower’s demand, time, savings, passbook, money market, certificate of deposit or any other similar account or any securities account (“Account”) established at MUFG Union Bank, N.A. (formerly known as Union Bank, N.A.)
a subsidiary of Bank (“UB”), or any other financial institution. 
 (b)    Any collateral (excepting any
California real property) which has been or shall be furnished to Bank by Borrower as collateral for any of the Loans shall constitute collateral that covers and secures not only such Loan, but also any and all other Loans which Borrower owes, or in
the future may owe, Bank. 
 2.3.    Indemnification. Borrower hereby agrees to indemnify and hold Bank free and
harmless from all losses, costs and expenses which Bank may incur, including those associated with or arising under or caused by terminating any interest rate, credit and/or currency swaps or hedging agreement or similar arrangements, including
those between one branch or office of Bank and another such branch or office, to the extent not mitigated by the redeployment of deposits or other funds, as a result of (a) a default by Borrower in payment when due of the principal of or
interest on any Loan, (b) Borrower’s failure (other than due solely to a failure attributable to a default by Bank) to make a borrowing or continuation with respect to any Loan after making a request therefor, (c) a prepayment
(whether mandatory or otherwise), of any Loan before a scheduled payment date for interest or principal, and (d) any default by Borrower under this Agreement or any demand for payment of any Loan by Bank permitted hereunder or under any
Document. 
 2.4.    Charges; Legal Restrictions. If any present or future applicable law, rule or regulation or
any change therein or in the interpretation or administration thereof by any Governmental Body, central bank or comparable agency charged with the interpretation or administration thereof or compliance by Bank with any request or directive of any
such authority, central bank or comparable agency, whether or not having the force of law, results in an increase of the cost to Bank of making, renewing or maintaining any Loan, or reduce the amount of any sum receivable by Bank under any Loan, in
the reasonable judgment of Bank, then upon demand by Bank, Borrower agrees to pay to Bank such additional amount or amounts as would compensate Bank for such increased cost or reduction. Bank’s computation of such amount or amounts shall be
binding on Borrower absent manifest error. 
 2.5.    Capital Adequacy. In the event that compliance by Bank with
any present or future applicable law or governmental rule, requirement, regulation, guideline or order (whether or not having the force of law) regarding capital adequacy has the effect of reducing the rate of return on Bank’s capital as a
consequence of its commitment to make, or the making or maintaining of, any Loan hereunder to a level below that which Bank would have achieved but for such compliance (taking into consideration Bank’s policies with respect to capital
adequacy), then, from time to time, Borrower shall pay to Bank such additional amount or amounts as will compensate Bank for such reduction. Bank’s computation of such amount of amounts shall be binding on Borrower absent manifest error. 

  
 -2- 

 2.6.    Debit Authorization. Borrower authorizes Bank, if and to
the extent any payment due to Bank hereunder is not otherwise made when due, to debit Borrower’s demand deposit or savings account with Bank or Bank’s affiliates (as if Bank and its affiliates were one and the same entity) for the amount
of any payment required to be made by Borrower to Bank pursuant to this Agreement or any Document (including, without limitation, obligations to pay principal, interest, penalties, fees, costs and expenses under and in connection with any Loan);
provided, that Borrower shall remain liable in accordance with the terms of this Agreement or any Document, as applicable, if the balance in such account is not sufficient to pay the full amount of any payment on the due date thereof. 

3.    REPRESENTATIONS AND WARRANTIES OF BORROWER. Borrower hereby represents and warrants to Bank as follows at
each time it enters into a transaction with Bank: 
 3.1.    Due Incorporation; Good Standing. Borrower is a
partnership, corporation or limited liability company, as the case may be, duly organized and validly existing under the laws of the state of its incorporation or organization, and is properly licensed and in good standing in, and where necessary to
maintain Borrower’s rights and privileges has complied with the fictitious name statute of, every jurisdiction in which Borrower is doing business. 

3.2.    Corporate Power; Authorization. The execution, delivery and performance of this Agreement and any Document
are within Borrower’s powers, have been duly authorized, and are not in conflict with the terms of any charter, bylaw or other organization documents of Borrower or any agreement, instrument or document to which Borrower is a party or by which
Borrower or any of its Property is bound or affected. 
 3.3.    Government Action. No approval, consent,
exemption or other action by, or notice to or filing with, any Governmental Body is necessary in connection with the execution, delivery, performance or enforcement of this Agreement or any Document, except as may have been obtained and certified
copies of which have been delivered to Bank. 
 3.4.    No Legal Bar. There is no law, rule or regulation, nor is
there any judgment, decree or order of any court or governmental authority binding on Borrower which would be contravened by the execution, delivery, performance or enforcement of this Agreement or any Document. 

3.5.    Enforceable Obligation. This Agreement is a legal, valid and binding agreement of Borrower, enforceable
against Borrower in accordance with its terms, and any Document, when executed and delivered, will be similarly legal, valid, binding and enforceable. 

3.6.    Litigation. There are no suits, proceedings, claims or disputes pending or, to the knowledge of Borrower,
threatened against or affecting Borrower, or its respective Properties, the adverse determination of which could affect Borrower’s financial condition or operations or could impair Borrower’s ability to perform its obligations hereunder or
under any Document. 
 3.7.    No Default. No event has occurred and is continuing or would result from the
incurring of obligations by Borrower under this Agreement or any Document which is a default under any agreement or document to which Borrower is a party, or is, or with the passing of time or giving of notice or both would become, a default under
such document. 
 3.8.    No Conflicting Agreements. Borrower is not in default under any agreement to which it
is a party or by which it or any of its Property is bound the effect of which could have a material adverse effect on the business or operations of Borrower, or could impair Borrower’s ability to perform its obligations hereunder or under any
Document, except as disclosed in writing to Bank. 

  
 -3- 

 3.9.    Taxes. Borrower has filed or caused to be filed all tax
returns required to be filed, and has paid, or has made adequate provision for the payment of, all taxes shown to be due and payable on said returns or in any assessments made against it, and no tax liens have been filed and no claims are being
asserted with respect to such taxes which are required to be reflected in the financial statements of Borrower and are not so reflected therein. 

3.10.    Compliance with Applicable Laws. Borrower is not in violation with respect to any judgment, order, writ,
injunction, decree or decision of any Governmental Body which violation could have a material adverse effect on the financial condition, operations or Property of Borrower, or could impair Borrower’s ability to perform its obligations hereunder
or under any Document, except as disclosed in writing to Bank. Borrower is complying in all material respects with all applicable statutes and regulations, including applicable occupational, safety and health and other labor laws and applicable
environmental laws (including, without limitation, Anti-Terrorism Laws, Anti-Corruption Laws, ERISA and Environmental Laws), of all Governmental Bodies, a violation of which could have a material adverse effect on the financial condition, operations
or Property of Borrower, or could impair Borrower’s ability to perform its obligations hereunder or under any Document except as otherwise disclosed in writing to Bank. Borrower is not an “investment company” within the meaning of, or
is exempt from the provision of, the U.S. Investment Company Act of 1940, as amended. Borrower, its subsidiaries, any Credit Party, and to the knowledge of Borrower, any of their respective directors or employees, or agents are in compliance with
Anti-Corruption Laws and Anti-Terrorism Laws. 
 3.11.    No Misrepresentation. No representation or warranty
contained herein or in any Document and no certificate, report or document furnished to date or to be furnished by Borrower in connection with the transactions contemplated hereby, contains or will contain a misstatement of material fact, or omits
or will omit to state a material fact required to be stated in order to make the statements herein or therein contained (taken as a whole) not misleading in the light of the circumstances under which made. 

4.    AFFIRMATIVE COVENANTS OF BORROWER. Borrower covenants and agrees to, so long as any obligation or
indebtedness to Bank remains outstanding unless Bank waives compliance in writing: 
 4.1.    Financial and Other
Information. 
 (a)    Deliver to Bank as soon as available but no later than 140 days after the end of each fiscal
year, a complete copy of financial statements (which shall be prepared in accordance with generally accepted accounting principles, and if required by Bank, shall be audited or reviewed by certified public accountants acceptable to Bank) of Borrower
which shall include at least the balance sheet of Borrower as of the close of such year, and the statement of income and retained earnings and of changes in cash flows of Borrower for such year fairly presenting Borrower’s financial position
and results of operations. 
 (b)    Deliver to Bank as soon as available but no later than 125 days after the end of
each quarter of each fiscal year, a copy of financial statements (which shall be prepared in accordance with generally accepted accounting principles) of Borrower which shall include at least the balance sheet of Borrower as of the close of such
quarter, and the statement of income and retained earnings of Borrower for such quarterly period fairly presenting Borrower’s financial position and results of operations. 

4.2.    Prompt Notice. Immediately give written notice to Bank of: 

(a)    all litigation affecting Borrower or any Parent as a defendant and where the amount claimed in a single litigation
action is in excess of $1,000,000 or when the aggregate amount claimed in all litigation actions is in excess of $5,000,000; 

(b)    any substantial dispute which may exist between Borrower or any Parent and any Governmental Body; 

  
 -4- 

 (c)    any default which, with the passing of time, giving of notice,
or both would become an Event of Default or any Event of Default; and 
 (d)    any other matter which has resulted or
might result in a material adverse change in Borrower’s or any Parent’s financial condition or operations or impairment of Borrower’s or any Parent’s ability to perform its obligations hereunder or under any Document. 

4.3.    Maintain Existence. Maintain and preserve, its existence and all rights, privileges and franchises now
enjoyed, and keep all its Properties in good working order and condition. 
 4.4.    Payment of Obligations. Pay
all obligations, including taxes, when due, except such as may be contested in good faith by appropriate proceedings and for which Borrower has established reserves on its books which are reasonable and adequate. 

4.5.    Compliance With Legal Requirements. At all times comply with all laws, rules, regulations, orders and
directions (including, without limitation, Anti-Terrorism Laws, Anti-Corruption Laws, ERISA and Environmental Laws) of any Governmental Body having jurisdiction over it or its business. Borrower will not use the proceeds of any advance to purchase
or carry margin stock within the meaning of Regulation U of the Board of Governors of the Federal Reserve System and all such proceeds will be used for lawful and proper business purposes consistent with any us of proceeds stated to Bank. Borrower
will not, and will not permit any of its subsidiaries to, directly or indirectly, use the proceeds of any advance or otherwise make available such proceeds to any person or any entity, (i) for the purpose of financing the activities of,
transactions with or acquiring an interest in any person or any entity that is the target of any Anti-Terrorism laws or in any country that is the subject of any Anti-Terrorism Laws; or (ii) in furtherance of an offer, payment or giving of
money or anything else of value to any person or any entity in violation of Anti-Corruption laws. 

4.6.    Insurance. To the extent there exists any real property security interest, maintain and keep in force, on
all of its Property such insurance as is normal for the industry in which Borrower conducts its business and is satisfactory to Bank as to amount, nature and carrier, covering fire damage (including use and occupancy), public liability, product
liability, property damage and workers’ compensation, and deliver to Bank upon request a schedule certified to be correct by a responsible officer of Borrower setting forth all insurance in force as of the date of such schedule. 

4.7.    Books and Records. Maintain adequate books, accounts and records, and permit employees or agents of Bank at
any reasonable time and as often as may reasonably be desired to inspect its properties, and to examine or audit its books, accounts and records and make copies thereof and to discuss the business, operations, properties and financial and other
conditions of Borrower with officers of Borrower. 
 4.8.    Maintenance of Property. Maintain and preserve all
of its Properties that are used or useful in the conduct of its business in good working order and condition, ordinary wear and tear excepted. 

4.9.    Further Assurances. From time to time perform any and all acts and execute any and all additional document
as may be reasonably requested by Bank to give effect to the purposes of this Agreement and any Document. 

5.    NEGATIVE COVENANTS OF BORROWER 

Borrower covenants and agrees that, until full and final payment of all indebtedness hereunder and/or under any Document, without the prior
written consent of Bank, it will not: 
 5.1.    Limitations on Fundamental Changes. Consummate any transaction
of merger or consolidation, reorganize, spin-off, liquidate, dissolve or wind up (or suffer any reorganization, liquidation, dissolution or winding up) or convey, sell, lease, license or otherwise dispose of,
in one or a series of related transactions, all or substantially all of the Property, assets or business of Borrower. 

  
 -5- 

 6.    EVENTS OF DEFAULT 

6.1.    Events of Default. The occurrence of any of the following events shall constitute an Event of Default under
this Agreement and any Document: 
 (a)    Borrower shall fail to pay any principal when due under this Agreement or
any Document, whether at maturity, on demand, upon acceleration or otherwise; or 
 (b)    Borrower shall fail to pay,
when due, any amount of interest, fees, expenses, indemnity payments or any other amount payable by Borrower under this Agreement or any Document within ten (10) days of the date when such amounts are due, whether at maturity, on a specified
date, on demand, upon acceleration or otherwise; or 
 (c)    Any representation or warranty hereunder or in any
Document, Credit Instrument or in any financial statement furnished to Bank shall prove to have been false or misleading in any material respect when made or when deemed to have been made; or 

(d)    Borrower or any Parent shall fail to pay its debts generally as they come due, or shall file any petition or
action for relief under any bankruptcy, reorganization, insolvency or moratorium law, or any other law or laws for the relief of, or relating to, debtors; or 

(e)    An involuntary petition shall be filed under any bankruptcy statute against Borrower, its Parent or any guarantor
or a custodian, receiver, trustee, assignee for the benefit of creditors (or other similar official) shall be appointed to take possession, custody or control of any Property of Borrower or any Parent, unless such petition or appointment is set
aside or withdrawn or ceases to be in effect within 30 days from the date of said filing or appointment; or 

(f)    All, or such as in the opinion of Bank constitutes substantially all, of the Properties of Borrower or any Parent
shall be condemned, seized or appropriated; or 
 (g)    Borrower shall materially breach, or default under, any other
term, condition, provision or covenant contained in this Agreement or any Document; or 
 (h)    Any Parent of Borrower
shall, directly or indirectly, dispose any of the currently held stock in Borrower with the result that the Parent no longer has more than 50% direct or indirect ownership in the Borrower; or 

(i)    Borrower shall materially breach or default under, any term, condition, provision or covenant contained in any
agreement to which it is a party; or 
 (j)    Any judgment or order for the payment of money in excess of $30,000,000
is rendered against Borrower or any Parent and such judgments or order is not satisfied, and either (i) enforcement proceedings are commenced by any creditor upon such judgment or order or (ii) there is any period of ten
(10) consecutive days during which a stay of enforcement of such judgment or order, by reason of a pending appeal or otherwise, is not in effect; or 

(k)    The execution, delivery, or performance of any Credit Instrument, shall violate any applicable law, regulation or
order, or any Credit Instrument shall become unenforceable, or be renounced by Borrower or any Parent; or 
 (l)    The
occurrence of any event which could have a material adverse effect upon Borrower or any Parent, or could impair Borrower’s ability to perform its obligations hereunder, or under any Document, or any Parent’s ability to perform its
obligations under any Credit Instrument 

  
 -6- 

 6.2.    Remedies. Upon the occurrence of any Event of Default,
Bank may in its sole and absolute discretion declare the Loans (with accrued interest thereon) and all other amounts owing under this Agreement and/or any Document to be due and payable forthwith, whereupon the same will immediately become due and
payable, without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived, anything contained herein or in any Document to the contrary notwithstanding. The foregoing remedy is in addition to any and all
other remedies available to Bank under any Document, at law or in equity. 
 7.    MISCELLANEOUS 

7.1.    Notices. Any communications between the parties hereto or notices or requests provided herein to be given
may be given by personal delivery by mailing the same, postage prepaid, or by telecopier, to each party at its address set forth on the signature pages hereof, or to such other addresses as each party may in writing hereafter indicate. All such
notices and communications shall be deemed received (a) if personally delivered, upon delivery, (b) if sent by first-class mail, on the third business day following deposit in the mails, (c) if sent by overnight mail or courier, on
the succeeding business day following deposit with the carrier; or (d) if sent by telecopier, on the business day following the sending of such notice or communication. 

7.2.    Successors and Assigns. This Agreement shall bind and inure to the benefit of the parties hereto and their
respective successors and assigns: provided, however, that Borrower shall not assign this Agreement or any of its rights hereunder without the prior written consent of Bank. 

7.3.    Participations and Right of Setoff. Bank may at any time sell, assign, grant participations in, or
otherwise transfer to any other Person (a “Participant”) all or part of the indebtedness of Borrower outstanding under this Agreement and/or any Document. Bank may disclose confidential information regarding Borrower to any
Participant or prospective Participant. Borrower hereby authorizes Bank and each such Participant, in case of an Event of Default by Borrower hereunder, to proceed directly, by right of setoff, banker’s lien, or otherwise, against any assets of
Borrower which may at the time of such an Event of Default be in the hands of Bank or any such participant. 

7.4.    Setoff. In addition to any rights and remedies provided to Bank by law, upon the occurrence of a default in
connection with the Loans and the acceleration of Borrower’s obligations in connection with the Loans, Bank shall have the right, without prior notice to Borrower, any such notice being expressly waived by Borrower, to the extent permitted by
applicable law, to setoff and apply against any of Borrower’s indebtedness, to the extent matured and fixed, to Bank in connection with the Loans, any and all of Borrower’s deposits (including, without limitation, general or special, time
or demand, provisional or final deposits) at any time held by Bank and any other amount owing from Bank to Borrower at or at any time after the happening of any such default, and such right of setoff may be exercised by Bank against Borrower or
against Borrower’s trustee in bankruptcy, debtor in possession, assignee for the benefit of creditors, receiver, receiver and manager, liquidator, custodian, any execution, judgment or attachment creditor or any other person or entity claiming
through or against Borrower or such trustee in bankruptcy, debtor in possession, assignee for the benefit of creditors, receiver, receiver and manager, liquidator, custodian, execution, judgment or attachment creditor or other person or entity,
notwithstanding the fact that such right of setoff shall not have been exercised by Bank prior to the making, filing or issuance, or service upon Borrower of, or of notice of, any such petition, assignment for the benefit of creditors, appointment
or application for the appointment of a receiver, receiver and manager, liquidator or the issuance of an execution, subpoena, order or warrant. 

7.5.    Indemnity. Borrower agrees to indemnify, defend, reimburse and hold harmless Bank and each of its
affiliates, and all the directors, officers, employees, agents, legal counsel and advisors of Bank (each, an “Indemnified Party”) from and against all claims, actions, proceedings, suits, damages, losses, liabilities, costs and
expenses, including the fees and out-of-pocket expenses of counsel which may be incurred by or asserted against any Indemnified Party in connection with, or arising out
of, or relating to any transaction or proposed transaction (whether or not consummated), contemplated by this Agreement or any Document. 

  
 -7- 

 7.6.    Disclosure Authorization. In the event Borrower
establishes, or has established, and maintains any Account with UB, Borrower hereby irrevocably acknowledges and agrees that (a) Bank shall have unlimited access to, or shall be provided by UB with, any and all information regarding or related
to any Account, including without limitation, any confidential financial information which UB may have in its possession; and (b) Bank shall have the authority to release to UB, any and all information regarding or related to any transaction
between Bank and Borrower, including without limitation, any confidential financial information which Bank may have in its possession. 

7.7.    Failure or Delay Not a Waiver, Amendment. No delay or omission by Bank to exercise any right under this
Agreement or any Document shall impair any such right, nor shall it be construed to be a waiver thereof. No waiver of any single breach or default under this Agreement or any Document shall be deemed a waiver of any other breach or default. No
amendment or waiver of any provision of this Agreement shall in any event be effective unless the same shall be in writing and signed by Bank. 

7.8.    Costs and Expenses. Borrower agrees to pay on demand: (i) all reasonable costs, expenses and
attorneys’ fees incurred by Bank in connection with the collection or enforcement of this Agreement or any Document in the nature of a “work-out” or any insolvency or bankruptcy proceedings; and
(ii) all reasonable fees and disbursements of Bank incurred in connection with the negotiation, preparation, production and administration of this Agreement or any Document, or any amendment, modification, supplement, waiver or consent hereof
or thereof. 
 7.9.    Entire Agreement. This Agreement and any Document integrate all the terms and conditions
mentioned herein or incidental hereto, and supersede all oral negotiations and prior writings with respect to the subject matter hereof. 

7.10.    Conflict. In the event of a conflict between a term or provision of this Agreement and a term or provision
of a Document (irrespective of the timing of the execution of this Agreement or such Document), the term or provision of the Document shall control. 

7.11.    Governing Law, Consent to Jurisdiction. This Agreement shall be governed by, and construed in accordance
with, the laws of the State of California. The Borrower hereby expressly submits to the jurisdiction of any state or federal court sitting in Los Angeles County, California, in any action arising out of or in connection with any Document and hereby
irrevocably agrees that all claims in respect of such action or proceeding may be heard and determined in such court. 

7.12.    Severability of Provisions. The illegality or enforceability of any provision of this Agreement or any
Document shall not in any way affect or impair the legality or enforceability of the remaining provisions of this Agreement or any Document. 

7.13.    Counterparts. This Agreement and any amendments, waivers, consents or supplements may be executed in as
many counterparts as may be deemed necessary or convenient, and by the different parties hereto on separate counterparts, each of which, when so executed, shall be deemed an original, but all such counterparts shall constitute but one and the same
agreement. 
 7.14.    Borrower Identification. To help the government fight the funding of terrorism and money
laundering activities, Federal law (USA Patriot Act) requires all financial institutions to obtain, verify, and record information that identifies the Borrower, which information includes the name and address of the Borrower and other information
that will allow Bank to identify the Borrower in accordance with the law. 

  
 -8- 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as
of the date first above written. 
  

					
	BORROWER:	 		 	 BORROWER:
  

	 SiTime
	 		 	 The Bank of Tokyo-Mitsubishi UFJ, Ltd.,

Los Angeles Branch
 445 South Figueroa Street, Suite 2700

Los Angeles, California 90071

	a Delaware corporation	 	
		 	

							
				
	By:	 	 /s/ Rajesh Vashist
	 		 	
		 	Authorized Signature(s)	 		 	
				
		 		 	 By:
	 	 /s/ Lori Gardea

	  
 Rajesh Vashist
	 		 	Authorized Signature(s)
	Name(s)	 		 	
		 	 Lori Gardea

	  
 CEO
	 	 Name

	Title(s)	 		 		 	

							
		 		 		 	 Managing Director

	Address:	 	990 Almanor Ave.	 		 	Title
		 	  
 Sunnyvale CA 94005
	 	

							
				
		 		 	 Attention:
	 	  

				
	Attention:	 	  
	 	 Telephone:
	 	213-488-3700
				
	Telephone:	 	  
	 	 Telecopier:
	 	213-488-3875
				
	Telecopier:	 	  
	 		 	

  
 -9-

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